Started trading forex in January 2008. After few years of struggle and experimenting with numerous strategies, I finally found some success by trading Supply & Demand concept. The goal now is to review my trades on regular basis and fine tune my strategies for consistent profitability.
Whatever little bit I have learned about Supply & Demand concept are from these threads. Thanks to lovejoy80, Kenneth Lee, Balhana, Keroro0o0o, Redsword11
http://www.forexfactory.com/showthread.php?t=288707 (LJ Forex Group - by lovejoy80)
http://www.forexfactory.com/showthread.php?t=474155 (LJ Forex Group - PA Only Trades - by lovejoy80)
http://www.forexfactory.com/showthread.php?t=311095 (B.S. Trading with Kenneth Lee - by Kenneth Lee)
http://www.forexfactory.com/showthread.php?t=453118 (Keroro0o0o's S&D + PA trading - by Keroro0o0o's + Posts by Balhana)
http://www.forexfactory.com/showthread.php?t=230888 (Price is Everything - by Redsword11)
Update: October 10th 2014
Beside supply & demand concept, I am also trading strategies mentioned in these threads. The reason I added these strategies to my arsenal is that, once you master these patterns, it hardly takes 15 to 30 minutes of daily analysis and have potential for good risk to reward ratio. I think the challenge is to find an edge & make as much as possible before it dies. You can tell me markets are the same but they aren't.
http://www.forexfactory.com/showthread.php?t=444458 (Up and Under Price Pattern - by Quidsey)
http://www.forexfactory.com/showthread.php?t=287794 (Fail Better - by the_wizard)
http://www.forexfactory.com/showthread.php?t=462458 (It's a Small Matter - by hayseed)
http://www.forexfactory.com/showthread.php?t=206723 (Trading with Deadly Accuracy - by WMD)
In MT4 I have separate Profile for each Strategy
1) FTB (First Time Back - SR Level / SD Zone)
2) DRT (Daily Retest)
3) WRT (Weekly Retest)
4) FB (False Break of SR Level)
5) QM (Quasimodo Pattern)
6) SD (Supply & Demand Zones)
7) SR (Support & Resistance Level)
8) TRL (Trendline Touch / Break & Retest)
9) AVS (Average Wave Length)
10) DR (Daily Range)
11) WR (Weekly Range)
12) PA (Price Action - Combination of Higher & Lower Time Frame)
13)123 Pattern (Preempt 123 Pattern)
14) PRQM (Preempt Quasimodo)
15) PRBO (Preempt Breakout)
16) IR (Instant Retest)
17) TBR (Two Bar Reversal at SR or SD)
18) NOSE (Nose Pattern)
Trade Routine & How I Trade:
I am full time trader and on average I take 3 to 4 trades a day that comes to around 20 trades a week. I don't look at one particular time frame and have separate Profile for each strategy with different time frames and I switch back and forth and mark my zones and levels and put a price alert when price is close to level or zone of my interest and reassess the situation and decide whether to place pending order or wait for price action to enter trade or just ignore the trade.
The time frames I review are M15, M30, H1, H4, D1, W1, MO1 (Weekly & Monthly I review every week)
List of Pairs (16 Pairs)
1) AUDUSD
2) EURUSD
3) GBPUSD
4) NZDUSD
5) USDCAD
6) USDJPY
7) AUDJPY
8) EURJPY
9) GBPJPY
10) EURAUD
11) EURCAD
12) EURNZD
13) GBPAUD
14) GBPCAD
15) GBPNZD
16) AUDNZD
My point of view on some trading related topic:
1) Trade Expectancy http://www.forexfactory.com/showthre...49#post8721749
2) Recipe for Success http://www.forexfactory.com/showthre...42#post8704142
3) Trading Lower Time Frames http://www.forexfactory.com/showthre...22#post8598522
4) Risk Tolerance http://www.forexfactory.com/showthre...84#post8610684
5) Understanding Price Flow Chart http://www.forexfactory.com/showthre...20#post7779820
Useful posts from different sources related to trading:
1) http://www.forexfactory.com/showthre...58#post8628558
2) http://www.forexfactory.com/showthre...20#post8667020
3) http://www.forexfactory.com/showthre...37#post8672737
4) http://www.forexfactory.com/showthre...11#post8694611
5) http://www.forexfactory.com/showthre...13#post8704313
6) http://www.forexfactory.com/showthre...33#post8704333
7) http://www.forexfactory.com/showthre...75#post8557775
8) http://www.forexfactory.com/showthre...26#post8199726
9) http://www.forexfactory.com/showthre...70#post8137170
10) http://www.forexfactory.com/showthre...42#post7965742
11) http://www.forexfactory.com/showthre...55#post7984655
12) http://www.forexfactory.com/showthre...08#post7836308
13) http://www.forexfactory.com/showthre...49#post7810849
14) http://www.forexfactory.com/showthre...69#post7793769
15) http://www.forexfactory.com/showthre...03#post7779803
16) http://www.forexfactory.com/showthre...06#post7779806
My favorite inspirational quotes:
"You have to know your setups and their probabilities. Then, once you see them you must act with conviction and without hesitation"
"I am in competition with no one. I run my own race. I have no desire to play the game of being better than anyone, in any way, shape, or form. I just aim to improve, to be better than I was before. That's me and I'm free"
Keep your ego & emotions aside and then analyze charts and you will see it from different perspective. It doesn't matter whether you missed a trade or you win or lose. Observe price action, make your notes and prepare yourself for the next opportunity. Study every day with the aim of being better today than you were yesterday.
Those studying the market..are studying what someone said instead of what market said about itself" Richard Wyckoff
Education does not end in school. To be successful in life or trading we must never stop learning. The market and the world are constantly advancing and changing and the only way to keep up is to keep learning."
Losing is a learning experience. It teaches you humility. It teaches you to work harder. It's also a powerful motivator" - Yogi Berra
The hard work in trading comes in the preparation. The actual process of trading, however, should be effortless
You just can't beat the person who never gives up
Focus more on the structure and bias of the market, rather than looking for setups. If you are clear on the structure and bias, trade opportunity will reveal itself.
More important than the will to win is the will to prepare - Charlie Munger
Whatever little bit I have learned about Supply & Demand concept are from these threads. Thanks to lovejoy80, Kenneth Lee, Balhana, Keroro0o0o, Redsword11
http://www.forexfactory.com/showthread.php?t=288707 (LJ Forex Group - by lovejoy80)
http://www.forexfactory.com/showthread.php?t=474155 (LJ Forex Group - PA Only Trades - by lovejoy80)
http://www.forexfactory.com/showthread.php?t=311095 (B.S. Trading with Kenneth Lee - by Kenneth Lee)
http://www.forexfactory.com/showthread.php?t=453118 (Keroro0o0o's S&D + PA trading - by Keroro0o0o's + Posts by Balhana)
http://www.forexfactory.com/showthread.php?t=230888 (Price is Everything - by Redsword11)
Update: October 10th 2014
Beside supply & demand concept, I am also trading strategies mentioned in these threads. The reason I added these strategies to my arsenal is that, once you master these patterns, it hardly takes 15 to 30 minutes of daily analysis and have potential for good risk to reward ratio. I think the challenge is to find an edge & make as much as possible before it dies. You can tell me markets are the same but they aren't.
http://www.forexfactory.com/showthread.php?t=444458 (Up and Under Price Pattern - by Quidsey)
http://www.forexfactory.com/showthread.php?t=287794 (Fail Better - by the_wizard)
http://www.forexfactory.com/showthread.php?t=462458 (It's a Small Matter - by hayseed)
http://www.forexfactory.com/showthread.php?t=206723 (Trading with Deadly Accuracy - by WMD)
In MT4 I have separate Profile for each Strategy
1) FTB (First Time Back - SR Level / SD Zone)
2) DRT (Daily Retest)
3) WRT (Weekly Retest)
4) FB (False Break of SR Level)
5) QM (Quasimodo Pattern)
6) SD (Supply & Demand Zones)
7) SR (Support & Resistance Level)
8) TRL (Trendline Touch / Break & Retest)
9) AVS (Average Wave Length)
10) DR (Daily Range)
11) WR (Weekly Range)
12) PA (Price Action - Combination of Higher & Lower Time Frame)
13)123 Pattern (Preempt 123 Pattern)
14) PRQM (Preempt Quasimodo)
15) PRBO (Preempt Breakout)
16) IR (Instant Retest)
17) TBR (Two Bar Reversal at SR or SD)
18) NOSE (Nose Pattern)
Trade Routine & How I Trade:
I am full time trader and on average I take 3 to 4 trades a day that comes to around 20 trades a week. I don't look at one particular time frame and have separate Profile for each strategy with different time frames and I switch back and forth and mark my zones and levels and put a price alert when price is close to level or zone of my interest and reassess the situation and decide whether to place pending order or wait for price action to enter trade or just ignore the trade.
The time frames I review are M15, M30, H1, H4, D1, W1, MO1 (Weekly & Monthly I review every week)
List of Pairs (16 Pairs)
1) AUDUSD
2) EURUSD
3) GBPUSD
4) NZDUSD
5) USDCAD
6) USDJPY
7) AUDJPY
8) EURJPY
9) GBPJPY
10) EURAUD
11) EURCAD
12) EURNZD
13) GBPAUD
14) GBPCAD
15) GBPNZD
16) AUDNZD
My point of view on some trading related topic:
1) Trade Expectancy http://www.forexfactory.com/showthre...49#post8721749
2) Recipe for Success http://www.forexfactory.com/showthre...42#post8704142
3) Trading Lower Time Frames http://www.forexfactory.com/showthre...22#post8598522
4) Risk Tolerance http://www.forexfactory.com/showthre...84#post8610684
5) Understanding Price Flow Chart http://www.forexfactory.com/showthre...20#post7779820
Useful posts from different sources related to trading:
1) http://www.forexfactory.com/showthre...58#post8628558
2) http://www.forexfactory.com/showthre...20#post8667020
3) http://www.forexfactory.com/showthre...37#post8672737
4) http://www.forexfactory.com/showthre...11#post8694611
5) http://www.forexfactory.com/showthre...13#post8704313
6) http://www.forexfactory.com/showthre...33#post8704333
7) http://www.forexfactory.com/showthre...75#post8557775
8) http://www.forexfactory.com/showthre...26#post8199726
9) http://www.forexfactory.com/showthre...70#post8137170
10) http://www.forexfactory.com/showthre...42#post7965742
11) http://www.forexfactory.com/showthre...55#post7984655
12) http://www.forexfactory.com/showthre...08#post7836308
13) http://www.forexfactory.com/showthre...49#post7810849
14) http://www.forexfactory.com/showthre...69#post7793769
15) http://www.forexfactory.com/showthre...03#post7779803
16) http://www.forexfactory.com/showthre...06#post7779806
My favorite inspirational quotes:
"You have to know your setups and their probabilities. Then, once you see them you must act with conviction and without hesitation"
"I am in competition with no one. I run my own race. I have no desire to play the game of being better than anyone, in any way, shape, or form. I just aim to improve, to be better than I was before. That's me and I'm free"
Keep your ego & emotions aside and then analyze charts and you will see it from different perspective. It doesn't matter whether you missed a trade or you win or lose. Observe price action, make your notes and prepare yourself for the next opportunity. Study every day with the aim of being better today than you were yesterday.
Those studying the market..are studying what someone said instead of what market said about itself" Richard Wyckoff
Education does not end in school. To be successful in life or trading we must never stop learning. The market and the world are constantly advancing and changing and the only way to keep up is to keep learning."
Losing is a learning experience. It teaches you humility. It teaches you to work harder. It's also a powerful motivator" - Yogi Berra
The hard work in trading comes in the preparation. The actual process of trading, however, should be effortless
You just can't beat the person who never gives up
Focus more on the structure and bias of the market, rather than looking for setups. If you are clear on the structure and bias, trade opportunity will reveal itself.
More important than the will to win is the will to prepare - Charlie Munger
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