I am short euro based on the fact that we hit daily supply last wednesday and I got in on an hourly supply on friday.

Price is everything

It's an interesting topic. Online Trading Academy has a patent pending on Sam Seiden's 'supply and demand levels'. The question is why? I can only think that it is an attempt to stop other people teaching his exact criteria. But I also suspect its a ...

Can one patent a trading strategy?

Until that happens, shouldn't we be looking for a head and shoulders pattern but with two heads not one?

Sonic R. System

SD levels with bollinger bands

Measuring the Markets – Ideas

Three rules to consider around this issue of counter trend trades: 1. to only take a counter trend trade beyond the 50% level of the higher time frame swing distance i.e in this case between the H4 Demand and H4 Supply. In doing so you are ...

B.S. Trading with Kenneth Lee

Yeah interesting. Not sure what either of their motives are by taking very basic plausable ideas, then writing absolute bollox to make it sound more complicated than it really is, then offering tuition for a price to people who who hadn't managed to ...

How difficult is it to find an effective daytrading method?

Hi Hornet, how's it going? Thanks for your comment. Well, I could not commit to posting on a regular basis so canned it. I started a blog with a few videos and ideas a while back and am hoping to get more involved with it on a much more regular ...

Charts on Drugs or works of Art?

No chewing gum but you can smoke! What such ridiculous rules

Best place in the world to trade from?

The fact that it is an exchange means that the more exotic pairs are likely to have much lower volume and therefore more issues with getting filled at the price you want. The only gripe I have with them is there pathetic historical data, so have to ...

LMAX = revolution?!?

Prices in financial products operate on the basis of an auction which is completely different to how one shop operates. Take 2+ shops and now we begin to create conditions for a competitive but simplistic (i.e slow) auction. Take the example of a ...

Economic Question: Why is price affected by supply and demand?

Nicely done. Chris, on an entirely different matter. I have just commented on your post regarding 'Stan's trades. I am not picking on you, you clearly demonstrate a passion for trading and I have no doubt as to your ability. However, the business ...

Price Action, Pro, And Ichi Trading with 2ndskiesforex

Thanks 100. I'll certainly be keeping an eye on your great work here.

Third Screen Strategy - Dr. Alexander Elder

Its a typical learning cycle of starting out with indicators and then moving onto cleaner charts over time. I don't think there is anything wrong with using indicators as long as you understand their limitations. Too often I see traders, even so ...

Trading with and without Indicators

Great thread and some phenomenal forward testing. This was one of the first systems I traded almost 7 years ago. I pretty much used the system as described by Elder but with heiken ashi candles to guage an entry. Weekly mac D histogram, Daily ...

Third Screen Strategy - Dr. Alexander Elder

Looks like that swing area of consolidation on the weekly chart (Weekly Demand area) ruined your plans. Pressumably you would have reacted to the strong momentum up and not shorted at all?

Price Action, Pro, And Ichi Trading with 2ndskiesforex

Ahh ok, I was confusing your terms of flips and swaps. Yeah I know what you mean.

B.S. Trading with Kenneth Lee

I think this is a great way to think about what is happening at levels. It is exactly what pro traders trading with the DOM and Time & Sales look at trading stocks/futures. They watch for floods of market orders on the T&S hitting the bids/offers ...

B.S. Trading with Kenneth Lee

Could you reference that Sam Seiden video Ken? as I have never heard him talk about flips. As a rule he always states he never cuts through candles. If its the video I am thinking 'Forex Trading for Short Term Income', then I got a different ...

B.S. Trading with Kenneth Lee

Well, yes, it appears to work in your examples. Anyone can find such cherry picked examples, and examples where it does not work. That argument is pointless. Trading is not a mathematical excercise. The issue here, as with any technique or tool is, ...

Why do people use Fibonacci in trading?

At the end of the day its just a tool to map the market. It's wrong to think in terms of does it work or not. It all depends on how you use it in your strategy, how you see the market. The significance of it is, is that whichever fib tool you use, ...

Why do people use Fibonacci in trading?