Tug-of-War Journal

Update: 4/7/2016

Everything before post 168 is meaningless.

Here is a quick glimpse of a chart showing where price has turned in the past. I don't want to look at a chart and say, "Price turned there once(or any other number of times), it therefore must turn there again!" I want to see the significance behind that turn. And not only that but what the turn in price means in the context of the turning point before and after. I hope I can make this more clear...

Each day that I feel like I must trade and I cannot wait any longer I use the trade simulator to alleviate the burning need. It actually helps a great deal to train my eye to see the strength/weakness in the market. That is what I am doing today as I wait for trades to show their faces.

I will be waiting for price to move into the Aqua box, turn to test the swing high, and then see what happens...

Just scalped 10pips out of the market. Wasn't too difficult really. The hard part is being disciplined to do it over and over which I do not think I have obtained yet.


This was a failure to make lower lows at a 5min support. I entered after the first reversal candle. I closed at a 1:1 R:R. Later I may let these run longer, but this was immediately following a big news event.

I shorted the Euro from here. I want to hold on and see how the next turning point forms. If it is favorable I might hold on to it for more than 1:1 R:R.

So far so good. Nice down turn with a strong reversal candle and even an opportunity to add on to the positions(I am not going to do that at this time). I will continue to monitor.

Didn't go that time. I allowed it to stop me out for -10. No big deal.

It seems supply/demand can be seen from the movement of price alone.

In on the close of these m15 candles.
Zones located on the h1.

Entries from the close of the m15 candles.
H1 showed demand early. Later lots of supply came in as the top of the range was approached.

Four entries to be had. Larger arrows are easily taken from the h1 zones. Smaller arrows are reversal entries from the m15 supply/demand.

Can you see why the entry is here??
It has been staring me in the face for soooooo long.
I'm finally catching on!

Here's more... This is just so fascinating and enlightening to me.

Strong H1 supply shows where a turn may happen. I stress the may. The m15 can show us if there is still supply in existence there. That is where we short.... if we can see it.

Supply zone tested and rejected. Take these everyday!

The supply coming in is so blatant. To not take this would be madness.

Hint: The H1 candle closing down after bouncing out of the supply zone is very strong and closes significantly lower than the two previous swings.

The M15 gives the most excellent entry.

Pretty sweet looking supply and demand trading you got going on here Skracor. Do you have any tips on learning more about the type of trading you're doing or more information on how you learned to trade supply and demand. I've looked at Sam Seiden's stuff on fxstreet before, seems to be some good info. I just never could pick the correct zone to trade off.

Also do you wait for price to be at the outer bands of the BB's to enter off the 15min? I'll look through your journal and Sam's stuff again tomorrow. Keep the charts coming and good luck this week, keep up the good work.

trublu

Here is a live example. Price has entered H1 zone. Now waiting to see if there is any demand there to drive the price up.

The key is to let price tell you what to do before you do anything.
If it doesn't look great when you pull the trigger, DON'T!

trublu: to learn this I used the trading simulator over and over and over. That gave me the price action that I wanted to know. I really like what Sam Seiden has to say about Supply/Demand, but I could never enter just because price entered a zone that met my criteria. I want Supply or Demand to show up right now, BEFORE I make a decision to enter the trade. So a strong reaction in the area I'm watching is crucial.

This one is shaping up very nicely. I'm ready to short if this candle closes like this.

Sold NZD/USD. If is doesn't work out no biggie, I gave myself a fighting chance.