Brinks shares his DTFL Method and Vini pulls a blinder

OK, there was a DTFL trade today but I didnt take it as it was a level created during London and I wasnt in the room when it was being identified... note to self, its ALWAYS worth having the live room on in the background... the daily range was minimal owing to FOMC today.

 thx to Vince who convinced me to hold this trade through Asia to ADR.

Interesting was the reversal legs at ADR low during the Asian Session..

OK Brinks has shared his scaling technique with MM Lift...

OVERVIEW


As a Scalper I use the opens with MM to find where the money is.

My trades are based on my theory of trading along with dark pools (DP) and the so called smart money (SM) depending who is in control of the price.

SM refers to central banks, in fact they are the dumb money. This is government money, tax payers money, legitimate money, they print it, it is their money. However as they pretend to run the show legitimately they are leaving the door wide open for their dark pools (DP) investments to come and take the money that they have to appear to be managing correctly.

DP refers to, institutional money, HFT’s, illegitimate money, hedge funds, brokers, the queen of England, basically anyone looking to take money from the central banks. http://en.wikipedia.org/wiki/Dark_liquidity

SM leave the door open for DP to take the money. SM then close the doors and appear to be doing their job properly as they rebalance the books.
This is why DP start moves and SM finishes them, hence the move is retraced.
Of course DP also ride the retracement with the SM which is a major factor as to why the banks can not print it fast enough.

DP put their money to work at session opens. They look to take advantage of whatever SM has on offer at the time.

So that’s the basic theory, take it or leave it.
The skill is how to identify what has been put on offer. The offer is presented as imbalance and the MM is a fantastic tool for identifying the offer. You will know where the DP have placed their trades as it will be confirmed in the PA and the PA often gives a second opportunity to follow along if you were undecided at the open.

METHOD - OPEN SCALPING CONTINUATION METHOD

Summary -- Identify SOS and SOW on 5m - look for a PA Retest after breakout for continuation move. 


I analyse in this order.using  5M mm V1 , I watch also 1m MM for action  and 1H MM for background

Is there a clear (inclining) in SOS and declining in SOW going into the open (either NY or London) I find the best pair. ( I consider anything in the top half to be SOS and lower half to be SOW.

If nothing is showing continuation  look to trade the best SOS SOW extreams, be careful here because for eg a extream SOS may be on a decline and a lower SOS showing incline. have PA charts open on these you will soon know where DP went. If there is no continuation and no extreme then find the best reversal

If you do not like the pa of the pair identified don’t trade it, go to the next best pair or simply don’t trade.

So first we identify SOS and SOW...

Tus Sep 10
 http://screencast.com/t/wZuQeW4ak    
   http://screencast.com/t/Lg1GRMxZ7a  
    http://screencast.com/t/wZuQeW4ak  
     http://screencast.com/t/3ZgzG0N4
     
Wed Sep 11      
      http://screencast.com/t/S8fDZZ1M
       http://screencast.com/t/sTzvsC1kot

Thu Sep 12
   http://screencast.com/t/6wqVjlDImrmb    
     
Fri Sep 13      
     http://screencast.com/t/2QmUnBwqCVw3  
     http://screencast.com/t/lyL73yf8nJ
     
Mon Sep 16  http://screencast.com/t/PHZfaSC5Hc    
   http://screencast.com/t/LN2Djywm  
    http://screencast.com/t/hl0ZrFrze




Example of 5M scalp trade after ESOW and JSOS

OK, all eyes on the FOMC today, paying close attention to Pip and Vinni..

Found a nice world clock site here...

http://mc24.ch/index.html