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Trading With Supply and Demand
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Trading With Supply and Demand

  #11 (permalink)
Market Wizard
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kbaker9247 View Post
I posted a reply with a chart but it never showed up. Any idea what I'm doing wrong.

@kbaker9247,

You may want to re-visit the Forum rules. One can not upload charts (attachments) until after posted so many times.

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  #12 (permalink)
Membership Temporarily Revoked
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Day trading E-Minis

I can't post charts yet but the way I trade E-Minis is with the 5 minute chart. I look for supply or demand zones forming anywhere from a couple hours before the market opens up until 30 minutes or so after the market opens. I make my zones one point wide on ES and TF and 2 Points wide on NQ to limit my risk(I never trade NQ). I would miss trades every now and then but I don't like to risk more than 1 1/2 points (or 2.5 on NQ). I put my stop 2 points below the zone when I enter the trade but I watch and if price breaks through then zone I close my position. If price moves away from the zone in the direction of my trade then I move my stop up to 1 tick below the zone. (I don't know if market makers can see your stops but it seems like they can so the two points initial is in case I lose internet and the trade goes against me). After I'm in the trade I use a trailing stop by moving my stop every time there is a new pivot. Sometimes you get stopped out earlier than you would like but you usually will catch about 70 to 80 % of the move this way. If there's a decent zone that's going to provide resistance I will dump off part of my position at that level and move my stop up on the remaining contracts to a small profit.

Using this strategy you could have gotten the following today. (P.S. My entries are always after the market opens unless I'm trading news)

TF No Trade
NQ 33 points (Got stopped out early missed out on another 30 points) (I never trade this either)
ES 15 points
YM Entry would be 16730 and you would have got stopped out at 16858 for a nice profit.
I never trade this and don't know the Tick Size but zone would be 10 points instead on 1 obviously

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  #13 (permalink)
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Loose stops



mfbreakout View Post
I will start with this with a question.

After trying for years to day trade with tight stop loss- i have settled on a wide stop loss. For exmample 100 ticks

for CL and 20 handles for TF. These are disaster stop loss. If something fundamentally changes- i get out rather

than letting position get hit with disaster stop loss.

Fundamental change for me= If fresh new aggressive buyer show up, in case i am short.

I do not trade all size in and out. More like adding to position, scaling out. In other words managing a psoition/risk

via positon size.

One issue i will like to resolve ( if it can be resolved) is to have less intra day draw downs till positions gets turned

in my favour. I gues my issue is that i do not belive in levels to the tick as some traders do and jump up and down when price reaches their level to the tick. I belive in ZONES and they tend to be quite wide.



See attached chart.

I would encourage you to go back to supply and demand and use tighter stops. You could also use Nadex to hedge your positions if you feel you need the looser stops.

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  #14 (permalink)
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I wish you'd keep posting so we could see charts, but do you know of any educational material that goes over supply and demand zones as you see them?

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  #15 (permalink)
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Educational Material


Itchymoku View Post
I wish you'd keep posting so we could see charts, but do you know of any educational material that goes over supply and demand zones as you see them?

I have an e-book that I wrote. If Mike is ok with me posting it I will. (Mike, I can remove the last page that references my web site)

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  #16 (permalink)
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Trade Setup DG

Stock DG
Buy as close as 53.00 as possible.
Exit trade if price breaks through 53.00
Target exit 56 to 57.00
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  #17 (permalink)
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kbaker9247 View Post
Stock DG
Buy as close as 53.00 as possible.
Exit trade if price breaks through 53.00
Target exit 56 to 57.00
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

what is the reason?

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  #18 (permalink)
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supermht View Post
what is the reason?

Strong demand zone in green. We exit trade if it breaks through the zone (53.00) and we want to buy as close to 53.00 as we can to lower our risk. This is the beauty of trading with supply and demand. You have a defined stop. If price gets all the way to 53.00 you can enter the trade and only risk a few cents.

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  #19 (permalink)
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kbaker9247 View Post
Strong demand zone in green. We exit trade if it breaks through the zone (53.00) and we want to buy as close to 53.00 as we can to lower our risk. This is the beauty of trading with supply and demand. You have a defined stop. If price gets all the way to 53.00 you can enter the trade and only risk a few cents.

so basically it's just a high or a low with an extension of a specified number of ticks?

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  #20 (permalink)
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kbaker9247 View Post
Strong demand zone in green. We exit trade if it breaks through the zone (53.00) and we want to buy as close to 53.00 as we can to lower our risk. This is the beauty of trading with supply and demand. You have a defined stop. If price gets all the way to 53.00 you can enter the trade and only risk a few cents.

thank you, but how do you define demand zone?

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