Benny Supply Demand imbalance

Question

1. How to draw demand and supply zones during gap conditions? 

Some key points

1. Confluence of turning points at higher time frame

2.shorter time frame..trend following

Pin bar (hammer) plus morning star.. area as strong demand zone

Swing trader.. we trade higher time frame..

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Key :
Monthly, Weekly, daily, 4 hourly(less usual)..

Daily time frame usually for entry signal.. H4 to help narrow down our risk

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Suitable for part time traders..

Regular exercises. .to post my trades..and let people comment (**how can I apply this to my Dr Tee mentoring?)

Trading rules and
** have to do Journaling and back testing everyday!!!!

Most important : First learn..HOW TO PROTECT MY CAPITAL!!!!!

Because of risk reward.. even 26 percent trades winning.. I still win 333 sgd (out of 5k)

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Key:
**we  wait for price to retrace back to the level of big imbalance and we sell

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I.e. wait for this big boy -Instution,  banks etc or any big giants that trade not just 1 or 2 lots..but trade 1000++  each... and trade along with them!

E.g. Areas with a lot of unfilled sell or unfilled buy orders. .

Think. . That area a lot of unfilled orders. . Esp players who missed the boat.. 

The temp push up (or push down) with low volume is due to the small novices. .

Hence when price go back to the big zone (with a lot of unfilled orders) , mostly it will go back down (or up) and resume trend. .

Rem : I don't have any chance against a group of wolves. .. if I am trading the conventional way..I am like the deer become dinner for the wolves!!!

Can use supply and demand principle and candlestick also for commodities, Index,  high liquid stocks etc. .

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Key : to find disequllibrium between supply and demand.. I. E wait for price to move to oversupply (supply zone) and over demand (demand zone)

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Different timeframe have different supply and demand zones. . But usually higher timeframe have better probability time frames. ..

In addition - a lot of big boys.. are pushing the trend up.. hence if there is correction. . The big boys will defend their position ...

I.e. negative sum game as big boys will keep ensuring novices traders will lose..

Supply and Demand first came from SAM Seiden

Combine potential supply and demand zones with reversal candlestick pattern

Many market turn up or down. . Esp during correction. .because of many unfilled counter offers..

Do not trade non farm payroll!!!

Mix together with the normal trend line.. (what my China teacher teach me)

**Wycoff method help to predict market reversal...  Benny esp use it to help reduce risk for his counter trend trade..

E.g. for counter trend..I see Wycoff's JOC (jumping over creek??)

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Key :
Start from highest time frame.. Monthly, Weekly. .. then daily.... and to reduce risk and spread...go H4
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Key.. to remove emotion and just be a booooorrrriiiiiiiinnnnnnggggg Rule Based trader.............  yup.. borrriiinnnnggg..

Then just be consistent.. borrriiinnnnggg. Like a machine....

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Key : and danger. .
I will come with a lot of baggage and prenotions. . I may be very stubborn...

And I don't trust the method and rules

I will try to act smart.. think tradescanner and Ivan Koh..

And I end up losing $$$

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Key principle

- Supply and demand is not price overbought or oversold from indicators

- it has nothing to do with indicators
.etc.. moving averages crossover etc..

- usually buy from retracement. .

- because we identify the possible imbalances of supply and demand and we just place our buy or sell order there..

- these imbalances are due to the big guys.. and we trade together with them and not against them..

(Big boys trade by 10000 lots vs we only 1 lot)

- link to the cycle of novice traders fear amd greed

- Buy at demand and sell at supply.. I.e. to buy low and sell High..

- do not need to have many winning trades ..just need the right risk and money management

*** first thing I as novice trader need to do.. FUCKING PROTECT MY CAPITAL.. don't repeat my cheebye Zogneix and Aeropostale mistakes!

***usually during super high volume is the climax. . And the big trend will end soon!!!

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Benny presentation

- Start from hero journey. . Round

- link to us audience novices

- says he can understand our pain and struggles

- claim to Lose a lot of money..then turn into advantage to say he can help us prevent losing money. .

Other consideration

- Fresh vs origin level
- Arrival