Keepin' It Simple: Supply and Demand, Volume, and Price Action

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Old Mar 25, 2010, 1:45am   #1
 
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Keepin' It Simple: Supply and Demand, Volume, and Price Action

Hey guys. Somehow Iím just now discovering this site as Iíve been involved in the markets for almost a year and a half now. Seems like there is some good information to receive from this place. Hopefully I can help some others who are just starting out as well.

Iíll start off with a lilí about myselfÖ I began working my way to becoming a Firefighter/Paramedic in highschool as I thought this would be the perfect job for me. After working 4 years in the field as a Paramedic and Volunteer Firefighter I realized it wasn't what I wanted to do for the rest of my life. I basically dropped everything and moved to Lake Tahoe, CA where I lived it up and worked seasonal positions as a Snowboard Instructor and dockhand. I soon came to realize more and more that my problem didn't lie within the jobs themselves, but the fact that I hated having a boss. It was December of 2008 that a buddy I met up in Tahoe doing the same thing as me turned me on to the markets. I fell in love instantly and have dedicated hours on end to eventually becoming a full time trader.

I now live in Scottsdale, AZ where I trade the index futures full time, though not my sole income as I still believe I have a lot to learn. My passion and desire to make this my career has been what drives me to keep educating myself day after day and not take any short cuts along the way because you just canít do that with trading. Iíve seen numerous people try to get the quick route to success by buying high-dollar systems that just end up failing them. You just canít become consistently profitable without putting in the hours and hours of hard work and research and really understanding how the markets work. Sorry to burst any bubbles out there.

Iíve tried enough indicators, oscillators, head-and-shoulders, cup-and-handle crap out there to make my head spin. It was the beginning of summer last year that I came across a guy whoís methodology really clicked with me. Basically it was all about pure supply and demand, volume, and price action. Everything that the indicators and oscillators try to tell you, but receiving the information and putting it to use before the indicators and oscillators even know whatís goin on. After taking his course and private mentorship program my skill level has increased exponentially.

Anyways, enough about me. I just wanted to create a journal on here to share my strategy with everyone and show just how simple and straightforward it can be and hopefully learn from you guys as well. We all lose sight of even our own rules at times so it helps me to refresh on things I havenít touched on in a long time also.

Making live videos of my trades has been a huge part of my growth so I will be posting as many as I can get in, but will also be posting the occasional screenshot with some notes. Alright this intro is out of hand I gotta stopÖ

Enjoy and let me know if you have any questions or comments.

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Thanks! The following members like this post: Yamato , rathcoole_exile , samuelhogg
Old Mar 25, 2010, 3:51am   #2
 
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Re: Keepin' It Simple: Supply and Demand, Volume, and Price Action

Quote:
Originally Posted by pmccandless View Post
Iíve tried enough indicators, oscillators, head-and-shoulders, cup-and-handle crap out there to make my head spin. It was the beginning of summer last year that I came across a guy whoís methodology really clicked with me. Basically it was all about pure supply and demand, volume, and price action. Everything that the indicators and oscillators try to tell you, but receiving the information and putting it to use before the indicators and oscillators even know whatís goin on. After taking his course and private mentorship program my skill level has increased exponentially.
Sounds good. Welcome to the board.
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Old Mar 25, 2010, 5:25am   #3
 
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Re: Keepin' It Simple: Supply and Demand, Volume, and Price Action

pmccandless started this thread Hey I appreciate that. I hope to help and learn.
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Old Mar 25, 2010, 10:26am   #4
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Re: Keepin' It Simple: Supply and Demand, Volume, and Price Action

HI pmccandless,
Welcome to T2W!
I look forward to following your journal - good start.
Tim.
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Old Mar 25, 2010, 11:37am   #5
 
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Re: Keepin' It Simple: Supply and Demand, Volume, and Price Action

Subscribed.. looking forward to your view on the markets
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Old Mar 25, 2010, 11:42am   #6
 
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Re: Keepin' It Simple: Supply and Demand, Volume, and Price Action

im watching,
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Old Mar 25, 2010, 5:07pm   #7
 
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Re: Keepin' It Simple: Supply and Demand, Volume, and Price Action

pmccandless started this thread Wow. I really appreciate the feedback and interest guys. Good luck out there!
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Old Mar 25, 2010, 8:18pm   #8
 
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Re: Keepin' It Simple: Supply and Demand, Volume, and Price Action

pmccandless started this thread Hey guys. I caught a very nice TTB today. I'm really glad I captured it live on video as this is an excellent example of my style right here. It's kinda long, but it's very informative with zero bulls**t. The last time I say, "I'm going to pause here and I'll be back." I accidentally hit the stop button and ended the video. I did however exit the trade at 1971 even for a $150 profit. Anyways, enjoy and let me know if you have any questions or comments.


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