SUPPLY & DEMAND!!!

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Mr. Hyde
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Re: SUPPLY & DEMAND!!!

Postby Mr. Hyde » Thu Mar 31, 2022 4:21 pm

So just thinking about how to get a 3 pip stop. And thinking about it, I guess its really not that hard. Lets us this S/D, QM trade from today. I could have easily put a limit order at the very extreme and give it a 1 or 2 pip buffer. Or i could just wait until it pokes its head up there comes back and just hit it with a market order. Could have been up to a 12r trade. Even if it takes a few tries you could lose 4 and still make 8R. Damnit, you guys are a bad influence
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Re: SUPPLY & DEMAND!!!

Postby Mr. Hyde » Thu Mar 31, 2022 4:36 pm

Watching ICT videos about optimal trade entry OTE. Good stuff. Will have to backtest it this weekend to see how it does

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Don_xyZ
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Re: SUPPLY & DEMAND!!!

Postby Don_xyZ » Thu Mar 31, 2022 6:30 pm

Mr. Hyde wrote:
aliassmith wrote:
Mr. Hyde wrote:
Sitting at 8R right now. But i also have trades open on gold, us30, GU, GA. Im not to sure exactly what i showed that looks interesting, but feel free to ask


I thought It was interesting that you was posting many R increases on the lower timeframes. Good work.


Oh. yeah, I normally get one good day a week and im pretty good at trading ranges. So it was a good combo. Been looking at 1m and 5m all day with the 1hr and daily in mind.


That's it. There are times when you must cross to the speedier lane. M5 to H1 to H4 or D1. This is where you see the treasure chest :mrgreen:
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Don_xyZ
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Re: SUPPLY & DEMAND!!!

Postby Don_xyZ » Thu Mar 31, 2022 6:36 pm

Mr. Hyde wrote:So just thinking about how to get a 3 pip stop. And thinking about it, I guess its really not that hard. Lets us this S/D, QM trade from today. I could have easily put a limit order at the very extreme and give it a 1 or 2 pip buffer. Or i could just wait until it pokes its head up there comes back and just hit it with a market order. Could have been up to a 12r trade. Even if it takes a few tries you could lose 4 and still make 8R. Damnit, you guys are a bad influence


Many sees it. They know it's possible. They just don't have the mental fortitude to push through and break that negative mindset. The math is simple. The brain is complicated.
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post148989#p148989

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post151670#p151670

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post168148#p168148

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aliassmith
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Re: SUPPLY & DEMAND!!!

Postby aliassmith » Thu Mar 31, 2022 9:36 pm

Mr. Hyde wrote:So just thinking about how to get a 3 pip stop. And thinking about it, I guess its really not that hard. Lets us this S/D, QM trade from today. I could have easily put a limit order at the very extreme and give it a 1 or 2 pip buffer. Or i could just wait until it pokes its head up there comes back and just hit it with a market order. Could have been up to a 12r trade. Even if it takes a few tries you could lose 4 and still make 8R. Damnit, you guys are a bad influence



People with Ideas are dangerous don't cha know!
Maybe you should master doing it with 3 pips SL then at some point you'll see times when 2 pips could work. I don't see much on the 1 pip front but maybe my eyes aren't open to it. With these tight stops your entries have to be on point.
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Re: SUPPLY & DEMAND!!!

Postby Mr. Hyde » Fri Apr 01, 2022 2:39 pm

aliassmith wrote:
Mr. Hyde wrote:So just thinking about how to get a 3 pip stop. And thinking about it, I guess its really not that hard. Lets us this S/D, QM trade from today. I could have easily put a limit order at the very extreme and give it a 1 or 2 pip buffer. Or i could just wait until it pokes its head up there comes back and just hit it with a market order. Could have been up to a 12r trade. Even if it takes a few tries you could lose 4 and still make 8R. Damnit, you guys are a bad influence



People with Ideas are dangerous don't cha know!
Maybe you should master doing it with 3 pips SL then at some point you'll see times when 2 pips could work. I don't see much on the 1 pip front but maybe my eyes aren't open to it. With these tight stops your entries have to be on point.


I did it. I freaking did it. 3 pip stop on GU and 2 dollar stop on Gold. Probably could have gotten a dollar or dollar fifty, but Ill take it. will post charts once stopped out

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Re: SUPPLY & DEMAND!!!

Postby Mr. Hyde » Fri Apr 01, 2022 2:39 pm

I think something clicked yesterday. now i need to spend sometime working things out. Not going to happen over night

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Re: SUPPLY & DEMAND!!!

Postby aliassmith » Fri Apr 01, 2022 5:02 pm

Mr. Hyde wrote:I think something clicked yesterday. now i need to spend sometime working things out. Not going to happen over night


Sounds good, train the mind and fingers.
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Re: SUPPLY & DEMAND!!!

Postby Mr. Hyde » Fri Apr 01, 2022 6:36 pm

Don_xyZ wrote:
Mr. Hyde wrote:So just thinking about how to get a 3 pip stop. And thinking about it, I guess its really not that hard. Lets us this S/D, QM trade from today. I could have easily put a limit order at the very extreme and give it a 1 or 2 pip buffer. Or i could just wait until it pokes its head up there comes back and just hit it with a market order. Could have been up to a 12r trade. Even if it takes a few tries you could lose 4 and still make 8R. Damnit, you guys are a bad influence


Many sees it. They know it's possible. They just don't have the mental fortitude to push through and break that negative mindset. The math is simple. The brain is complicated.


You created a monster. Used a $2 stop on both of these. the first trade was my bread and butter QM. Aimed for the previous day low. 6R. Second trade was a S/D trade. 5R. the boxes are sized at $1.50 so could have easily reduced the size.
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Mr. Hyde
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Re: SUPPLY & DEMAND!!!

Postby Mr. Hyde » Fri Apr 01, 2022 6:44 pm

The orginal play was 2 limit orders at the OB. But price didnt male it and so i decide to look for a reason to short on the 1m chart. We had that poke bar. then a down bar that closed beyond the previous bar. then a inside bar. Put the trade on and trailed it until there was a green candle that broke above it. 5R. There was another chance for another 3R
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