Supply And Demand

FTMO Trader Scouting

garry

the art of war
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.
yes i understand were u are coming from ive added abit of ict stuff in my set ups.
.remember the vic video ict showed.
remember the site he got the orders from fxlive i think now ,when i stepped over to the( darkside retail fx) i joined up orderlow trading from that prick darkstar ,the book is useless very basic ,i used to call live trades in his room with a prop trader friend.
they just add the stop levels as seen in jupafx charts if you go have a look try and get positioned before the news days before a big release to catch the sentiment and flow .no one knows where price will go some with levels stacked levels also ,i think you can only get so much from a chart .its just down to skill and gut which u cannot learn from anyone
i think thats why lots struggle with ict ,s work too tech and too much to think about and no one can be ict
 

rod178

Well-Known Member
garry said:
yes i understand were u are coming from ive added abit of ict stuff in my set ups.
.remember the vic video ict showed.
remember the site he got the orders from fxlive i think now ,when i stepped over to the( darkside retail fx) i joined up orderlow trading from that prick darkstar ,the book is useless very basic ,i used to call live trades in his room with a prop trader friend.
they just add the stop levels as seen in jupafx charts if you go have a look try and get positioned before the news days before a big release to catch the sentiment and flow .no one knows where price will go some with levels stacked levels also ,i think you can only get so much from a chart .its just down to skill and gut which u cannot learn from anyone
i think thats why lots struggle with ict ,s work too tech and too much to think about and no one can be ict

Darkstar = Deathstar
 

sqa

Village Scribe
rod178 said:
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?

Functionally, no, but that situation would happen around a Climax reversal. In what you defined, it's unlikely they don't get back there unless they're running it.

Though I can give 4 examples in the last 3 weeks where it'd have worked with a 15 pip SL on Yen. (One of which I was camping, but I was asleep for most of a 16 hour period and missed it.)

Granted, you're also assuming a full Reversal at that level. There's a lot of times those types of OBs only give a "pop" for a significant amount of pips, but not a reversal. And I do trade those on 15 pip SLs on the H1 version. (Let's not get into the problems H4 OBs can present, given timing issues.)
 

garry

the art of war
rod178 said:
Darkstar = Deathstar
he has guys who trade pennies( sorry arron not a dig ) teaching people their orderflow take .
as always traders trade sellers sell
 

garry

the art of war
sqa said:
Functionally, no, but that situation would happen around a Climax reversal. In what you defined, it's unlikely they don't get back there unless they're running it.

Though I can give 4 examples in the last 3 weeks where it'd have worked with a 15 pip SL on Yen. (One of which I was camping, but I was asleep for most of a 16 hour period and missed it.)

Granted, you're also assuming a full Reversal at that level. There's a lot of times those types of OBs only give a "pop" for a significant amount of pips, but not a reversal. And I do trade those on 15 pip SLs on the H1 version. (Let's not get into the problems H4 OBs can present, given timing issues.)
the risk should be the same what ever timeframe im i missing something
 

garry

the art of war
rod178 said:
Risk Reward
yes but i understand stops .say 10 pips .reward how can u know the reward 20 ticks or 200 ?
thats where i want to be know where price is going ,adr mmm maybe pivots ,mmm ,omg fibs (growing on me )
asia range .yesterdays hi/low .stops now were talking .
open line ?weekly open. monthly open .
 

rod178

Well-Known Member
garry said:
yes but i understand stops .say 10 pips .reward how can u know the reward 20 ticks or 200 ?
thats where i want to be know where price is going ,adr mmm maybe pivots ,mmm ,omg fibs (growing on me )
asia range .yesterdays hi/low .stops now were talking .
open line ?weekly open. monthly open .

Take your pick, many options. Suspect any would provide acceptable RR if using a 10 pip stop ;)

Fibs - no thanks

I'm increasingly coming around to using a time of day based component for TP2s, for intra day trades.
 

garry

the art of war
rod178 said:
Take you pick, many options. Suspect any would provide acceptable RR if using a 10 pip stop ;)

Fibs - no thanks

I'm increasing coming around to using a time of day based component for TP2s, for intra day trades.
now were talking
 

rod178

Well-Known Member
garry said:
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 .

Garry

Thanks for the link https://www.youtube.com/user/thetradersguild1/videos

Some good material, which I.m still working through, although wish he would not repeatedly finish every sentence with "OK?"

Anthony's site 'The LJ Group', previously 'The Traders Guild', seems to have been taken down, any update on the possibility of acquiring additional videos?


found links Links -
http://www.forexfactory.com/showthread.php?t=288707&page=295
http://www.forexfactory.com/showthread.php?p=7323085#post7323085
https://www.youtube.com/user/thetradersguild1?feature=results_main/
https://www.youtube.com/user/thetradersguild1/videos
http://www.thetradersguild.co.uk/pa-course/ maintenance mode
 

garry

the art of war
hi rod sorry for late reply the wifes family came over from hongkong to us in phuket chinese newyear.ive emailed mark and asked to put the links up .im trying to get hold of some prop trader vids to post for the guys here .but if not i will post how they set the week up all ties in with s/d and ict work basicly the concepts we are using the same as predatory funds work in the spot marktet .
 

rod178

Well-Known Member
garry said:
hi rod sorry for late reply the wifes family came over from hongkong to us in phuket chinese newyear.ive emailed mark and asked to put the links up .im trying to get hold of some prop trader vids to post for the guys here .but if not i will post how they set the week up all ties in with s/d and ict work basicly the concepts we are using the same as predatory funds work in the spot marktet .

Thanks Garry,

Marks material certainly provides another perspective and I'd be interested on any additional similar material.
 

Decoherence

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 .

I like that guy
 

rod178

Well-Known Member
Decoherence said:
I like that guy

seems as though Tony Soprano has taken to FX Trading!

 

senssay

New Member
rod178 said:
This seems very similar, and a complement, to the ICT Order Block Concept, together with Central Bank Dealers Range concept.

ICT vs Sam Sieden? are you serious? that's like comparing a Sunday league footballer to Messe

I have to admit, Kudos to ICT for getting so much interested around his self delusional BS
 

Th3Lucky1

Just another 1
senssay said:
ICT vs Sam Sieden? are you serious? that's like comparing a Sunday league footballer to Messe

I have to admit, Kudos to ICT for getting so much interested around his self delusional BS

That was pretty much one of the ideas that propelled me to open this thread. :)

Cheers,
L
 

rod178

Well-Known Member
Maybe a pre-post intelligence test required to prevent responding to posts that are thirty months stale.
 
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