http://www.forexfactory.com/attachment.php?attachmentid=795748&d=1317247235
This is a link to a PDF I put together for this trading idea. Tried to download the pdf here but just get a failure to load message file is only 5 mb.
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Cheers Ken
Hi Kenneth Lee! What a coincidence. Just a couple days ago I remembered an old thread here that you started and went back to read it and followed a trail to forexfactory and found that very pdf that you just linked too! If you haven’t seen it yet, check out this thread… he got his start with Seiden so it’s all very familiar territory.
Thank you! I’ve been trying something like this for S/D trading for a while now. Most recently, I saw a Seiden video on fxstreet where he discussed trading forex futures intra day on a 5 minute chart. Do you have anything on that as well? Thanks again.
His , Fast trading or intra day trading . Is basically the same as his regular swing trading just using faster charts .Find good levels on 30 min and hrly charts . then uses a faster chart say 5 or even 2 min to time the entries with as small a risk as possible. The key remains to picking the BEST levels off the 30 min or hrly.
The basic trading idea is the same , but using 4 hr and daily charts even weekly , to find the supply and demand levels then using a 30 min or faster chart to enter. This is what makes the trading idea so good it is rule based and all the same rules apply across all trading time frames.
Here is a trade that showed up on Oz . That shows the idea in a nutshell. This shows a swap level then using a faster 30 min chart to get the best entry with little or no draw down .
great example as always kenneth. really showing how supply/demand works on all timeframes.
Hi Kenneth Lee,
Great write-up! Thank you!
1). If price gap up from a demand area (give 2 points for the score?), and if it did not move far enough (did not move 3x, x is the size of the demand area), do you still give it 2 points?
2). If price moves out of a demand area with a wide range up bar (give 1 points for the score?), and if price immediately comes back to area slightly above the demand area and move higher (thus form a new demand area on top of the original demand area), do you still give it 1 point?
Many thanks for your advices!
Jen
