Supply And Demand

FTMO Trader Scouting

garry

the art of war
sqa said:
With any style or system, it's never about the % at the beginning, it's about consistency. Once you have consistency, then the numbers are about how much time & how many pairs you track (overlaid with position management & stacking).

Just as a matter of numbers, 100 pips per week, on 2% on 20 pip SL, is 10% per week. Which is 40% per month (unless you compound weekly, then it's 46%). There are a few that still poke around these parts doing that. But there's always a two phased aspect to Trading: Learning a style or system that works & learning to Trade. You can skip a lot of the first by adopting one that works. It's the second that screws a lot more people up than we like to admit.
thats how simple mm can be people just fuck up thinking too much same with trading .
i buy dips i sell rallies simple s/d trading
 

garry

the art of war
https://www.youtube.com/watch?v=cYrnoQBZFH0 watch this guys vids when got spare half hour simple .
add trade times asia range ,london/ny open/close give yourself a edge by trading a weak pair against a strong pair .
map out the news for the week before your week starts watch the week unfold .
 

garry

the art of war
the golden gun said:
i don't know or care if you're trading live funds, but nothing short of myfxbook can prove you're not just demo trading. that goes for anyone, not picking on you.
step forward my good friend ,we have one golden gun here top trader ,and humble arron on twitter .
 

garry

the art of war
and while we are at it t/a dont give you an edge. its utter bollocks fundies first t/a curve fits later .
just like water trade with the flow (smart money )
 

outthislife

Well-Known Member
garry said:
https://www.youtube.com/watch?v=cYrnoQBZFH0 watch this guys vids when got spare half hour simple .
add trade times asia range ,london/ny open/close give yourself a edge by trading a weak pair against a strong pair .
map out the news for the week before your week starts watch the week unfold .

lol order blocks.

EDIT: I liked this one a lot.

https://www.youtube.com/watch?v=ZIf28eUY4MY

This guys voice = 8)
 

rod178

Well-Known Member
Still to get around to looking at this site, which was recommended to me by another Trader.

http://readthemarket.com/index.php/education/education-videos
 

rod178

Well-Known Member
interesting approach to marking up multiple tf s&D zones

https://www.youtube.com/watch?feature=player_embedded&v=76j2kJhaAlw
 

garry

the art of war
outthislife said:
So OBs and MBs aren't unique. The main difference I see is that ICT says it's pure manipulation, and s/d seems to be more about order flow.
if you read thru some of the read the markets stuff they call the manipulation (it)instsitutional traders,smart money so no same concept .
http://traderkingdom.com/trading-futures-education-topics/market-profile-trading-education/4749-how-to-track-institutional-trading-during-day-sessions
nice post here with some charts showing retail and it,s
 

outthislife

Well-Known Member
garry said:
if you read thru some of the read the markets stuff they call the manipulation (it)instsitutional traders,smart money so no same concept .
http://traderkingdom.com/trading-futures-education-topics/market-profile-trading-education/4749-how-to-track-institutional-trading-during-day-sessions
nice post here with some charts showing retail and it,s

Interesting, thanks for the link!
 

sqa

Village Scribe
outthislife said:
So OBs and MBs aren't unique. The main difference I see is that ICT says it's pure manipulation, and s/d seems to be more about order flow.

ICT has pointed out a few times the difference, since people keep accusing him of stealing it. As he's pointed out, S&D levels would be the "open", "untouched" or "first-return" OBs. Which do line up. Just as two indicators might both produce a divergence at a level or a Pivot Point and Previous High/Low line up.

Though the differences are blatantly clear for anyone that actually got through Precision Series #1 and/or followed ICT during 2014. Order Blocks are actually specific valuation levels, not Ranges. Several weekly OB levels will produce 4 or 5 trades centered around them.

So, yes, there is overlap. No, they are not the same. This hasn't ever been hard to figure out.
 

outthislife

Well-Known Member
sqa said:
ICT has pointed out a few times the difference, since people keep accusing him of stealing it. As he's pointed out, S&D levels would be the "open", "untouched" or "first-return" OBs. Which do line up. Just as two indicators might both produce a divergence at a level or a Pivot Point and Previous High/Low line up.

Though the differences are blatantly clear for anyone that actually got through Precision Series #1 and/or followed ICT during 2014. Order Blocks are actually specific valuation levels, not Ranges. Several weekly OB levels will produce 4 or 5 trades centered around them.

So, yes, there is overlap. No, they are not the same. This hasn't ever been hard to figure out.

Defensive. There are obvious "differences" but it's so minuscule it doesn't even matter.
 

garry

the art of war
outthislife said:
So OBs and MBs aren't unique. The main difference I see is that ICT says it's pure manipulation, and s/d seems to be more about order flow.
https://www.youtube.com/watch?v=_sN99xFCBro more orders blocks ,zones s/d
 

garry

the art of war
sqa said:
ICT has pointed out a few times the difference, since people keep accusing him of stealing it. As he's pointed out, S&D levels would be the "open", "untouched" or "first-return" OBs. Which do line up. Just as two indicators might both produce a divergence at a level or a Pivot Point and Previous High/Low line up.

Though the differences are blatantly clear for anyone that actually got through Precision Series #1 and/or followed ICT during 2014. Order Blocks are actually specific valuation levels, not Ranges. Several weekly OB levels will produce 4 or 5 trades centered around them.

So, yes, there is overlap. No, they are not the same. This hasn't ever been hard to figure out.
you mean just like in here
what this guys been trading for years
https://www.youtube.com/user/thetradersguild1/videos
 

garry

the art of war
the reason i like s/d i can trade up and down ,i believe anyone with a couple of months can follow the basics like in keysers vids and make profit .just follow price .
just do it people think too much .
if you want get more precision then watch lj,s daily retest ftb and false breakouts . this guy i know he did take all his vids down but looks like he put a few back up ive emailed him to see if he will release one vid from way back called traders mindset which i will post .
 

rod178

Well-Known Member
sqa said:
ICT has pointed out a few times the difference, since people keep accusing him of stealing it. As he's pointed out, S&D levels would be the "open", "untouched" or "first-return" OBs. Which do line up. Just as two indicators might both produce a divergence at a level or a Pivot Point and Previous High/Low line up.

Though the differences are blatantly clear for anyone that actually got through Precision Series #1 and/or followed ICT during 2014. Order Blocks are actually specific valuation levels, not Ranges. Several weekly OB levels will produce 4 or 5 trades centered around them.

So, yes, there is overlap. No, they are not the same. This hasn't ever been hard to figure out.


Maybe I'm opening "Pandora's Box" (nice girl and all)

Nevertheless, I've always found the concept of an OB (hence entry or TP) being at an 'exact' price level difficult to accept, reasoning as follows -
1) OBs can be open to discretionary interpretation
2) if exact then why not use a stop of spread plus a couple of pips!?
3) Dropping to a lower TF, say m5, more often than not is not possible (too much noise - ST consolidation, doji etc, ie read range) or does not improve the entry (say missed entry although reduced risk).
4) Obviously FX Trading is not an exact science, "Shades of Gray", even more than 50.
5) An OB exact price is similar to the concept of the 61.8 having some special meaning. It is just an approximate retrace and an OB is the same, a zone.
6) I can find many more OB entries that are not 'to the pip' than those that are.
 

sqa

Village Scribe
@Rod:

If it's a H1 OB trade setup, I normally trade them on 15 pip SLs. And that's only because I don't quite trust putting them on 10 pip SLs yet, even those they would work in a lot of my trades. Though that's also dependent upon the Price Action in the area. There are messier OBs and cleaner ones, as well.

OB levels are quite similar to S&R levels. You need some gray area as we don't have any way to knowing the amount of Orders that have stacked at the area/if someone is unloading a position there.

@garry: I checked out a few of the videos @ https://www.youtube.com/user/thetradersguild1/videos . Credit to them for actually making an intro and being professional. I'm happy they can trade with the S&D tool (with other confirmation tools). If it works for them, it works for them. But there's still significant difference between OBs & S&D Zones. Granted, they do overlap in a number of places, which both rendering potentially profitable trades.
 

rod178

Well-Known Member
sqa said:
@Rod:

If it's a H1 OB trade setup, I normally trade them on 15 pip SLs. And that's only because I don't quite trust putting them on 10 pip SLs yet, even those they would work in a lot of my trades. Though that's also dependent upon the Price Action in the area. There are messier OBs and cleaner ones, as well.

OB levels are quite similar to S&R levels. You need some gray area as we don't have any way to knowing the amount of Orders that have stacked at the area/if someone is unloading a position there.

@garry: I checked out a few of the videos @ https://www.youtube.com/user/thetradersguild1/videos . Credit to them for actually making an intro and being professional. I'm happy they can trade with the S&D tool (with other confirmation tools). If it works for them, it works for them. But there's still significant difference between OBs & S&D Zones. Granted, they do overlap in a number of places, which both rendering potentially profitable trades.

OK, so lets assume that there has been a strong move down, say 200 pips, and just before the move there was a perfectly defined bullish candle (no wicks) of 50pips.

Supposing timezones and higher TF etc line up. Supposing there is no defiable OB under H1, is your entry the Open of the OB (bullish 50pip candle) with a stop of 15 pips?
 
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