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frankkn replied Dec 29, 2010It's tick volume, and is still applicable. If you read MTM you will remember TW mentioning that when you don't have access to conventional volume you can use tick volume instead. I would only use IBFX and FXCM tick volume, and in addition I would ...
Trading With Limit Orders
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frankkn replied Dec 28, 2010What's up Rufus. That sounds like a cool idea, because in addition to possible orders in that area, trend traders are going to be taking profit there. It sounds dangerous, but as long as the supply/demand level is a quality one and you don't get too ...
Trading With Limit Orders
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frankkn replied Dec 28, 2010Here is a daily with blue weekly supply and demand, with circled daily levels. My plan for 2011 is: Box weekly levels Circle daily levels Mark 15/30/60 minute supply and demand zones Trade towards and away from levels, not into them Observe a couple ...
Trading With Limit Orders
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frankkn replied Dec 27, 2010Hey everyone, I'm very tempted to place orders this week. I'm sticking to my guns however, so still waiting for January 3rd. I'm curious about using this 5/12 ema cross to help define weekly and daily trends. If they are in agreement, it would make ...
Trading With Limit Orders
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frankkn replied Dec 23, 2010Here are some levels on USD. This is a daily and I've tossed on the 5/12 emas because they're pretty attractive. I think these are a reasonable way of defining trend but I wouldn't pay much attention to them on anything less than a daily but that's ...
Trading With Limit Orders
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frankkn replied Dec 23, 2010Hm I could have easily gone live years earlier, but patience and discipline helped me wait until I was profitable (not luck). Do you trade the same $/pip every single time? Yep it's very simple. The markets move on supply and demand and it's not ...
Trading With Limit Orders
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frankkn replied Dec 22, 2010I've only been trading with real money for about nine months or so, but for about 2 years prior (30-40 hrs/week), I traded EU and the /es on demo until I had consistent profits. I've invested with real money profitably for years (and with some ...
Trading With Limit Orders
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frankkn replied Dec 22, 2010Regardless of how you look at the market, it might help to try to trade the same way every trade for months (live or simulated- not looking back). Then you can look at each week and your over all profit, because a loss can be discouraging, and the ...
Trading With Limit Orders
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frankkn replied Dec 21, 2010LOL! NOPE If you're using a strategy that follows smart money, then it makes sense to trade at the same time as them (which means not taking trades this week) One loss, one losing week, even multiple losing weeks does not a bad strategy make.
Trading With Limit Orders
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frankkn replied Dec 21, 2010Using both time and price, you can identify price levels where there may be an imbalance of supply and demand. If price rallies into a level only to stay briefly before rocketing south, you can be reasonably sure that there is more supply at that ...
Once a day Traders
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frankkn replied Dec 21, 2010Hey guys sorry for not replying I've been ultra busy recently with holidays and work. I'm a big fan of documentaries, especially ones that address scheming governments and corporations. Careful talking about some of these things in professional as ...
Trading With Limit Orders
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frankkn replied Dec 19, 2010I mentioned a diverse portfolio of stocks having a place in long term asset management, not that stocks are the only element. I never excluded commodities. I'm not concerned about one company going under, hence the diversification. The stock portion ...
Trading With Limit Orders
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frankkn replied Dec 19, 2010As far as stocks go, I am just not interested at the moment. The transaction cost is too low for FX, not to mention leverage. If I were to look forward to trading anything other than FX I would look to day trade the /ES, but that's when I have much ...
Trading With Limit Orders
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frankkn replied Dec 19, 2010Given the candles I can see there, this is the best entry. Ignoring all indicators, the gap there shows a massive inbalance of supply and demand. It would be safe to believe that there are sell orders at that price (highlighted as supply). That zone ...
Trading With Limit Orders
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frankkn replied Dec 19, 2010That's cool. There are lots of ways to look at the market. I only use supply and demand zones because it is simple and effective. All that matters is profit week in week out year after year, how you do it is up to you. Fibos are certainly ...
Trading With Limit Orders
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frankkn replied Dec 19, 2010I like to isolate myself from the opinions of others regarding the direction of a move while I'm in a position. My whole style these days involves separating myself during that time period anyway, and I've been really happy with the consistency. Do ...
Trading With Limit Orders
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frankkn replied Dec 19, 2010No trades for now dude. I'm thinking about not taking any positions until the new year, but I do have one order in the euro demand area I think.
Trading With Limit Orders
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frankkn replied Dec 19, 2010Definitely MTM. Although those 15 minutes you mentioned are really all you need. Simple is good. When you combine VSA with these levels you can get a pretty high win rate.
Trading With Limit Orders
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frankkn replied Dec 19, 2010I'm tellin you man just read MTM. Here are some vids from TW himself, and his dudes. I'd recommend the second video, TW lays down the few key VSA ideas and that's all I needed to profitably trade with volume and price. It's different for everybody.
Trading With Limit Orders