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EURUSD Supply and Demand Zones Everyday

  • Post# 1
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  • First Post: Sep 19, 2012 5:41pm | Edited Sep 21, 2012 6:31pm – Updating statistics
I will be posting what I think are Supply and Demand Zones on the EUR USD everyday. I will be posting my Daily Charts, 30 min charts and 5 min charts.

Lets see what trade ideas can come out of these Zones.

Statistics:

Trades taken- 7
SL hit- 1
Target 1 at 1:1- 6
Target 2 at 1:3- 6
Target 3 at 1:10- 1
SL hit with 1:7 profit- 3
Live trades: 0
I have found it here.
Rob and run
Quoting arjuncora
I will be posting what I think are Supply and Demand Zones on the EUR USD everyday. I will be posting my Daily Charts, 30 min charts and 5 min charts.

Lets see what trade ideas can come out of these Zones.
Sounds good. Bring it on.
this is a great idea for referencing.

if it helps i found a custom indicator which spots out potential zones, and is very useful for the learning process. the zones are generally accurate on the higher tf's, but less so below hourly.

credit goes to whom ever created this..
Attached File
File Type: ex4 11_SupDem.ex4   36 KB | 67 downloads
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Disclosures:

I'm in the 30 min short taken on the 5 min zone that overlaps it.

Taken first profit at 1:1. Second Profit at 1:3 and Third Profit at opposing Demand Level on Daily Chart.
Quoting ceccles
this is a great idea for referencing.

if it helps i found a custom indicator which spots out potential zones, and is very useful for the learning process. the zones are generally accurate on the higher tf's, but less so below hourly.

credit goes to whom ever created this..
The Sup_DemII indicator is not accurate in identifying Supply and Demand in my opinion, Ceccles. Thank you for the reference though!

I'm hoping that my supply and demand levels can be critiqued and can help in learning supply and demand better.

Personally, I use price action, coupled with Supply and Demand to enter and exit my trades. I understand that people use Supply and Demand levels differently based on their trading plans. I'm hoping that my levels can be a good starting point.
Trade 1: First target of 1:1 achieved. Rest Stopped at BE.
Trade 2: Target 1 at 1:1, 2 at 1:3 achieved. Target 3 at 1:10. SL at 1:7
Trade 3: Triggered

Attached Image (click to enlarge)
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Quoting arjuncora
Trade 1: First target of 1:1 achieved. Rest Stopped at BE.
Trade 2: Target 1 at 1:1, 2 at 1:3 achieved. Target 3 at 1:10. SL at 1:7
Trade 3: Triggered

Attachment 1043022
Nice work. Good trade management as well.
Thank you!

Here are today's charts:



Disclosure: Currently in the short as shown in the chart.

Trade 3: Stopped out with a 10 pip loss.
Trade 4: Target 1, 2 at 1:1, 1:3 hit. Target 3 hits SL at 1:7.
Trade 5: Triggered. Hits target 1, 2 at 1:1, 1:3 respectively.

I take my trades off the 5 min chart and use the daily charts and 30 min charts as guidance.
Attached Images (click to enlarge)
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Please feel free to critique. I would love to get multiple opinions on this.
Update:

Trade 5 all 3 targets at 1:1, 1:3 and 1:10 hit.

Trade 6- Targets 1, 2 hit at 1:1, 1:3. Last portion stopped out at 1:7.

Trade 7- Targets at 1:1, 1:3 hit.

Charts

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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