right?
TRADING IS SIMPLE BUT NOT EAZY
Day Trading vs. Swing Trading vs. Position Trading 86 replies
DislikedOMG I'm just realized that firday's no.3 drop is the 3rd retest to that area so at no 4 that zone can eazily broken, b coz may be there were no sellers left.
right?Ignored
DislikedHi all,
I am new to forex factory but not new to trading. I have been trading demand and supply for a while now and learnt it from an experienced SA based trader trading commodities. This works in absolutely every market.
It is amazing how similar Ken's pdf is to how I have been taught. People this is the real deal. This is how you trade, ever wonder how the institutional guy's trade? Well this is it.
An important thing or two I want to ad is the take profit levels. The make or break of trading demand and supply is the discipline to let you winners...Ignored
DislikedGreat post Ken,
I think we will be getting along well on your thread, like-minded, and here to make a success. I will be posting my trade setups as I place my orders in chart format, everyone can then see this makes money, people need to get positive about trading, a losing mindset or a "I'm a victim" mentality will get you nowhere fast.
People I have been trading demand and supply for a long time, don't let the post count fool you. Now let's get this success ball rolling, we need some energy in here!! Ken what do you think about maybe asking...Ignored
DislikedHey Nawlins,
Regarding you supply zone, on the 1hour it does look decent and fresh touch, but, here are my worries:
-Uptrend on 1hour since last monday
-4hour pa
The 4 hour pa looks quite disturbing for a short, sure, 4 hour is in an obvious downtrend but recent pa looks like we may see a trend reversal, I outlined my concerns in the chart by drawing what we MIGHT see.
This would be an easy pass for me as with this way of looking at the markets trades are abundant, so wait for the A++ setups.
The demand zones:
I do like them and...Ignored
Dislikedhere are some PO's for this evening . Which ever gets taken the rest will be removed , ( this is one my Demo account for practice for now)
Will see if I need to adjust anything after work cheers kenIgnored
DislikedI did circle some areas on your chart. I would love to know why not these areas. I know its rally base rally. But if you switchIgnored
DislikedHey nawlins, This is actually something I struggled with in the beginning, it's good you ask.. You could see it as a demand zone yes, a weaker one. I like to see clear demand, I want to be able to see a strong move off a level, price rocketing off, the area you circled is demand of some form, but not strong demand. I will show you what I mean in the attached chart.
This is how I treat it:
-Trade the best demand and supply you can find, on 2nd touch. That's it, if I miss some trades it's okay.
-Trade less to make more.
-If you are at...Ignored
DislikedKL got a question. Why not the area I marked on your chart in the white box. Price came back to this area before taking off. Why set a PO on the above area. The white box is basically the H1. I am just curious as price would be more affected if it hit the white box than your 1st PO. Like I said in my previous post this is where confusion for me sets in.
Another question KL and really anyone who wants to discuss. What is a fresh zone? Every zone going back is an equal reaction to a previous zone. So what is considered fresh.
Thanks buddy and good...Ignored
DislikedThe green are entries and the red stops levels if you look closely I incorporated both levels in number 1. they were so close. and stop is within tolerance I see i missed my Po by a gnats hair. PO is 46 low was 50 . I am letting in stay being the two levels, we will see.
all the lines are saved so we can see how the price actually works out later.Ignored
DislikedOk KL I see now buddy. So close. Also could you explain again to me what is a fresh zone? This is what I tend to confuse myself over. For example you can see to the left on some charts that an area is a 2nd touch already yet we mark it as a fresh zone. So whats the timeframe for fresh and not fresh.Ignored