A Compilation from http://fxpriceline.blogspot.my
Table of Contents Thank you for visiting
3
The Strategy - HHLL
4
My simple little strategy
11
Topdown analysis
14
A little rules
18
The movement of price
19
How to draw supply & demand zone
26
How to draw a support & ressistance
31
Consumed & Engulfed
35
Freshness & Gap
38
3 movement pattern
43
A great setup
44
Oanda liquidity order
50
What is a touch trader ?
60
Time
66
Trade ideas #1
67
The 3S
69
Emotion in trading
72
How to control emotion in trading
73
Emotion control with Free Ride
74
Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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Thank you for visiting 15:33:00
Admin
First of all i wish to thank you for all of u that visit this website. And again as i said at the top of the post, i am not doing any sales, affiliate or promotion on forex. Please do respect that this is a personal blog for me that just to share my knowledge about supply & demand. So, do not ask for any coaching.
Nowadays there are many sites of company or individual conducting a various paid classes. I personally had attend various paid classes regarding forex trading. Yes, some are knowledgeable but there is no shortcut in mastering forex trading especially for new comers. Hence, i would like to share my knowledge that helps me in my personal trading.
There is no holygrail in forex. You can keep digging it but the answer is no. What i do believe is risk and reward before entering the trade. And yes there is a darkside for some of forex brokers that can give u a headache.
Regarding the seller that selling a technique or indicators or e-book, do you think they will sell their golden goose to you? Maybe the golden eggs is sold but not the goose. There are many way to success in forex by earning a consistence income but it takes a lot of commitment & time...maybe a cash also. I have several trading accounts with FxPro Financial Service Ltd. (FXPRO) & Dukascopy Bank SA (DUKASCOPY).
For those that just wanna fast & furious trick to gain in forex, sorry this blog is not suitable for you. By the way i will keep updating this blog regularly depends on my time. You can explore my supply & demand method on the left side of this website. Thanks again & have a nice trade.
Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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The Strategy - HHLL 04:50:00
Admin
Before this i have explained about styles that is partial close . This is the system i have called it Higher High Lower Low (HHLL). The strategy was working tremendously on trading. The other main point in my trading is stoploss .. will describe it later. This strategy maybe called in other phrase like quasimodo, up/under, over/above, crown or something else. You can call it whatever you like. For me the name chosen as price making Higher High or Lower Low and then immediately making Lower Low or Higher High. This was actually occur on reversal. On chart below, you can find a great benefit of it. Ever heard about buy at low, sell at high? A free method is always being ignored and i admit that about many years ago. But no worry as my intention only to help traders by describing free education.
How to draw the setup : 1) Identify current price. 2) Identify last swing high & last swing low 3) If the last swing is high then plot it as Higher High (HH) - upmove price 4) If the last swing is low then plot it as Lower Low (LL) - downmove price 5) If it was Higher High (HH) then plot the high before it as High (H) 6) If it was Lower Low (LL) then plot the low before it as Low (L) 7) Then draw the line on HH & H or LL & L 8) Now those line is supply zone (H to HH) or demand zone (L to LL)
Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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9) If the line drawn is H & HH then find the Low point after High (H) & plot as Low (L) 10) If the line drawn is L & LL then find the High point after Low (L) & plot as High (H) 11) If the line is H & HH, wait for the price performing LL after break the L 12) If the line is L & LL, wait for the price performing HH after break the H How to trade the setup : 1) If price performing LL first then the setup is BUY 2) If price performing HH first then the setup is SELL Buy entry & exit rule: 1) Buy at Low (L) - entry 2) Stoploss at Lower Low (LL) - exit loss 3) Target #1 at High (H) - exit profit 4) Target #2 at Higher High (HH) - exit profit Sell entry & exit rule: 1) Sell at High (H) - entry 2) Stoploss at Higher High (HH) - exit loss 3) Target #1 at Low (L) - exit profit 4) Target #2 at Lower Low (LL) - exit profit Below charts explained:
Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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Choosing target #1 or #2 : If the distance between target #1 & #2 is wide, then you can choose target #2 & partial at target #1. If the distance between target #1 & #2 is narrow, then just choose target #1.
Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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My simple little strategy 07:48:00
Admin
Everybody have their own strategy either individual or institutional trader. As for me, there is No PA Without Engulfing. Two kind of movement price usually do are Consuming or Engulfing . If consumed occur it gave 2 signals either it will reverse or it will engulf. But engulfed on the other hand tell us the price is concerning to go lower or higher to find a new base or liquidity. Therefore, watch closely when price pullback & give the best shot by considering your risk to reward ratio.
Next is DP or Decision Point with a Great Imbalance. The best decision point is always at where the price drop or hike with a great imbalance (significant move). This will always causing a gap. When the price pullback..watch it carefully.
Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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The other main factor is Freshness of the zone. My entry always on the fresh zone because there is a liquidity there. Price will attract to the fresh zone because of liquidity.
This is generally my strategy & of course for other factor like timing etc will explain later.
Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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Topdown analysis 05:36:00
Admin
Not everybody like to do this but i'm always do before any entry been made. Simplicity of analysis. I did not rely on indicator for my analysis just sometimes use MACD to see a divergence. Topdown give an information about the price. When the rule say sell at supply & buy that demand, obey the rule. Start from big timeframe to the smallest you can get the idea.
Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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A little rules This is the golden rules that should apply in all trades : 1) Buy at demand 2) Sell at supply 3) Always look to the left 4) Always use stoploss
Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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The movement of price There are 3 movement that price does : 1) Move up - demand exceed supply = RALLY 2) Move down - supply exceed demand = DROP 3) sideway - supply equal to demand = BASE Each of the movement described as below :
Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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A Base description : 1) Base is a low volatility area (small movement) 2) Base is a high liquidity area (many transactions order) 3) Base is a low spread area (spread low as huge transactions done) 4) Base is a balance area ( where buyers meet sellers / negotiations / sideway) 5) Base known as 4 : - RBR (Rally-Base-Rally) Demand zone - DBR (Drop-Base-Rally) Demand zone - DBD (Drop-Base-Drop) Supply zone - RBD (Rally-Base-Drop) Supply zone
Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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Balance Versus Imbalance : Balance = Low volatility, high liquidity, low spread Imbalance = High volatility, low liquidity, high spread
Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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During the formation of a base, we consider price to be in balance. This is because there is not a significant difference in the amount of buy or sell orders in this area thus price doesn’t rally or drop as long as this balance exists. For price to start moving in a direction there needs to be more of one type of order (buys or sells) than the other causing price to rally or to drop, it is at this point a base is confirmed and a decision that price was either too cheap or too expensive has been made. When price moves away from a base there are naturally unfilled orders which remain, so when price returns to the base in the future we can expect the remaining orders to be triggered causing a reaction in price. It is this what supply/demand traders try and take advantage.
Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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How to draw supply & demand zone There is subjective in drawing supply & demand zone. Subjective because it can be draw from body to shadow or shadow to shadow. Here is the guide that been practice according to 6 conditions of candlesticks:
Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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1) CANDLESTICKS WITH SMALL BODY
2) CANDLESTICKS WITH WIDE BODY
Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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3) CANDLESTICKS WITH MULTIPLE CANDLES
4) CANDLESTICKS WITH DOJI OR PINBAR
Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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5) CANDLESTICKS ON SINGLE OR MULTIPLE RBR
6) CANDLESTICKS ON SINGLE OR MULTIPLE DBD
Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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7) FROM PREVIOUS HIGH/LOW SWING TO HIGHEST/LOWEST SWING
Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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How to draw a support & ressistance Support & Ressistance that we draw are actually at a decision point made by price. Not by high or low of the shadow. It's drawn at a body but only at a decision point. If a decision made is down then a line drawn at a proximal line of the body up before. If a decision made is up then a line drawn at a proximal line of the body down before. It was drawn for example : if the current move is up : draw a support & ressistance of the previous move down. Then we can view how the price react to those support & ressistance.
Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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Consumed & Engulfed Engulfed is a movement to supply or demand zone but did not break the zone. It is a movement to fill the order in that supply or demand zone. If only shadow of candlesticks break the zone, it is still consumed. Consumed is a movement that break the supply or demand zone. It is a movement with strong imbalance or with a weak imbalance to move to another base for liquidity. The body of candlesticks should close below or above the zone.
Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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Freshness & Gap What actually is a Fresh Zone? A fresh zone is an untouchable zone by price either from upside or downside. Furthermore, a best fresh zone is when the zone is not the same level of any zone when we refer to the left. Believe as it still remain an order awaiting to be execute.
How to locate a Fresh Zone? The easiest way to find it using a GAP method.
What is a GAP method? A gap mentioned is not ordinary gap especially when it occur on the Monday trading day. It was a dominan movement that happened when we saw a strong imbalance. It was either combination of all sell or buy candle in lower time frame or a long candle on higher time frame.
Below is an explanation about GAP method with combination of Fresh Zone :
Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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3 movement pattern 09:17:00
Admin
Price regularly make this 3 movement pattern. Spike or bank intervention is another things. 1) Shoot - strong/quick/sudden/wide gap 2) Stack - medium/moderate/expected/medium gap 3) Compress - weak/slow/manipulation/no gap * please refer gap explained on page freshness & gap.
A shoot always have a middle gap & if this gap engulfed, the price usually went to base. A stack always make price have to consumed step by step (like a trend) A compress have 2 options either shoot up or down. Don't think that if compress down price will shoot down. It may have another order in the opposite side. A chart below explained :
Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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A great setup DIAMOND
QUASIMODO
Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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FAKEOUT
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DOJI
SWAP ZONE
Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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SUPPORT & RESSISTANCE
LIMIT
Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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COMPRESSION
Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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Oanda liquidity order This broker has released their Open Orders & Open Positions order book for public. The link for the site is here. Below is the chart explained what exactly it use for :
They have 2 orders enclosed that is Open Orders & Open Position. The Open Position is the current open trades by Oanda clients that has been executed while Open Orders is the current pending orders submitted or a stoploss placed by their client. We just interested in Open Orders. 1) Showing current Open Orders. 2) Showing current Open Positions. 3) Scrolled to view the past orders data.
Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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As for the Open Orders, it describe 4 type of orders we are using in trading forex that is a Sell Limit, Buy Limit, Sell Stop & Buy Stop. Foreign exchange is an exchange of currencies, if we need to sell than we also need a buyers in order to realize the exchange. Therefore, when we trading on brokers, our sell order need a buyers for the order to execute. When we currently BUY, the orders known as BUY STOP orders. When we currently SELL, the orders known as SELL STOP orders. When we placed a SELL LIMIT, the orders known as BUY STOP orders. When we placed a SELL STOPLOSS, the orders known as BUY STOP orders. When we placed a BUY STOP, the orders known as SELL STOP orders. When we placed a BUY STOPLOSS, the orders known as SELL STOP orders. Now, we look at Oanda orders chart as below , current price is a border : 1) SELL LIMIT is a pending Sell Limit orders or a Target for current buyers. 2) BUY STOP is a pending Buy Stop orders or a Stoploss for current sellers. 3) SELL STOP is a pending Sell Stop orders or a Stoploss for current buyers. 4) BUY LIMIT is a pending Buy Limit orders or a Target for current sellers.
Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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A trade with Oanda Order Book :
Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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What is a touch trader ? 08:45:00
Admin
Somebody just don't really get what touch trader is. I trade at a very minimum stoploss with a huge profit. There is a loss & i can't make all trade as a no loss trade. It takes a vital topdown analysis to grant a precise entry. I can get a zero floating entry & thats the fact. A lot of practice needed until one can adapt the style of touch trader. I mean a lot of drawings on supply & demand to find those decision. I just post a simple chart on every post ...wonder why? I want everybody to learn by thinking. I wont give a fish, i'd rather hand over some fishing rod. A touch trade :
Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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The way i trade & NFP trade on 2nd September 2016 trade as below :
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Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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Time 03:58:00
Admin
There is a time for trading and a time for not to trade. As i discover 6 time zone in a day as we refer to 4 hour chart. We have 6 candles in a day chart. Start with Australia, Japan, Europe, Overlapping, US & Pacific. Find those in 4 hour chart, the longest candle considered an active time to trade depends on the pairs. Pacific time is not advisable to trade for every pairs.
Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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Trade ideas #1 16:10:00
Admin
Short preferred as price reached a limit where a great imbalance occur at past. Stoploss is a must. A fresh four demand below is my target.
A stoploss trigger .
Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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The 3S 11:01:00
Admin
3S is my priority when execute a trade. What is it? 1) System - such as technical , fundamental ,intermarket etc.. (used for entry purpose) 2) Style - such as martiangle, layers, hedge, partial etc.. (used to manage for those entry) 3) Stoploss (used to protect equity)
System & Style can be choose differently at any condition that suit the current situation. The 3S applied for every entrance of market. Once the style applied (personally i use partial) then we can look for other opportunity and much more benefit:
Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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Emotion in trading 04:14:00
Admin
Some great videos about emotion & mind of professional trader from Mark Douglas. Click the link here.
Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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How to control emotion in trading 12:10:00
Admin
It is a subjective topic but i conclude as what i have decide. The best i can do to control my emotion is with a FREE RIDE . It was combination of partial close and stoploss. Explaination in detail. Click Here.
Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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Emotion control with Free Ride Emotion is the main factor blowing in our head and can be disturbing. A one solution that we made years ago is FREE RIDE. To overcome an emotion, it need an action. FREE RIDE is a combination of Partial Close and Positive Stoploss. Yes we always greed in executing an entry. The FREE RIDE offers you a great opportunity to re-entry as long the FREE RIDE is in the mode. Below is the rule of FREE RIDE : 1) Stoploss is a must for every trade 2) When the trade gain of minimum risk:reward 1:1 or 30 pips the FREE RIDE is applied. 3) Close partially for example volume 1.0 lot trade, you can close 0.50 lot. 4) Move stoploss to positive or +1 pips after the partial close. 5) Let the price move to the desired target or let it hit your stoploss. 6) You can open trade again after FREE RIDE applied. It offers you a freedom of trading. When FREE RIDE applied means a money already in your bank. Below is the step how to close partial :
Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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Sample of result :
Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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Sample of trading with FREE RIDE :
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Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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Credit to original Author, Mr. Batus. Sources compiled from: http://fxpriceline.blogspot.my
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