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Supply and Demand trading with Fibs

  • #581
  • Nov 1, 2011 1:02pm Nov 1, 2011 1:02pm
Well my fellow traders...Another loss another lesson.

Listen up!..

recently took a trade on cadchf on 15M , lost 40 pips on 2 trades. each 20 pips. But what went wrong!!

Analysis.

1. On the Monthly chart we are just out of a demand level.
2. On the H4 we are inside a supply level(when the trades were taken).
3. On the 15M which side do you pick ,Supply or demand?

See the charts for the answer.

Experts comments welcome!!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cadchf_15m.gif Size: 36 KB
Click to Enlarge Name: cadchf_h4.gif Size: 35 KB
Click to Enlarge Name: cadchf_monthly.gif Size: 34 KB
  • #582
  • Nov 3, 2011 10:29pm Nov 3, 2011 10:29pm
Hi All,

I didn't have much time to take trades as i was busy with work. Took 2 trades yesterday. Attached screenshots.

Note: All trades are live now. No demo.

Net : 70+ pips.


Lets see how it goes today.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audjpy_15m.gif Size: 27 KB
Click to Enlarge Name: usdcad_15m.gif Size: 33 KB
  • #583
  • Nov 4, 2011 4:11am Nov 4, 2011 4:11am
Where is everyone?.
  • #584
  • Nov 4, 2011 5:11am Nov 4, 2011 5:11am
Quoting zamfir
Where is everyone?.
Yeah, where is deankenny who started this thread?
In GOD We TRUST !!! "REPETITION is the mother of all SKILLS." -Bo Sanchez
  • #585
  • Nov 4, 2011 5:48am Nov 4, 2011 5:48am
Quoting Awin
Yeah, where is deankenny who started this thread?
im still here dont panic

Zamfir well done you really look like your raking in some pips, and on the live account too, well done to you
  • #586
  • Nov 4, 2011 5:56am Nov 4, 2011 5:56am
Quoting deankenny21
im still here dont panic

Zamfir well done you really look like your raking in some pips, and on the live account too, well done to you
Jeepers! there you are...i really thought you are so much into your trading that you don't have time anymore to share your valuable trading ideas...

btw, market is so choppy these days, would you mind sharing your thoughts on EURUSD?
THANKS....
In GOD We TRUST !!! "REPETITION is the mother of all SKILLS." -Bo Sanchez
  • #587
  • Nov 4, 2011 8:23am Nov 4, 2011 8:23am
Hi All,

I will be posting in Kenneth lee's journal from now onwards, as there are more S/D experts. This is good while dean is around with his live trading skype sessions.

Thanks all. see you around
  • #588
  • Nov 6, 2011 1:15pm Nov 6, 2011 1:15pm
hi guys, sorry havent posted i a while been really busy with my trading. I havent done any webinars lately but the skype room is still very active and im always logged into skype, so if you want to join just add me to skype

Skype Name : dean.guile
  • #589
  • Nov 8, 2011 8:04am Nov 8, 2011 8:04am
hey guys. we have a live trading room for spot fx majors, with a focus on shorter time frames but there are also larger time frame traders. Active mostly during EU and US trading sessions. Please add me to skype and I can then add you, JulianFry or [email protected]. See you there!
  • #590
  • Nov 8, 2011 8:33am Nov 8, 2011 8:33am
Quoting JulianFry
hey guys. we have a live trading room for spot fx majors, with a focus on shorter time frames but there are also larger time frame traders. Active mostly during EU and US trading sessions. Please add me to skype and I can then add you, JulianFry or [email protected]. See you there!
All very much appreciated but please do not hijack this thread to advertise your room. thanks
  • #591
  • Edited 3:27pm Nov 9, 2011 2:49pm | Edited 3:27pm
Hello everyone, I've been studying the zones and would like to know if I'm identifying them correct. Here is a gold daily chart that I drew up. I had the zones placed before it got to that lovely turn around point to go short. Also had that bearish gartley for more confirmation. I'm still studying the fibo's since I've never used them. I understand them , but I feel like I never place them on the right high and lows.

Thanks

Gold Daily
Attached Image (click to enlarge)
Click to Enlarge Name: gold1234.JPG Size: 124 KB


EURUSD Daily
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd1234.JPG Size: 115 KB


EURUSD Weekly
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdwee.JPG Size: 114 KB
  • #592
  • Nov 9, 2011 3:17pm Nov 9, 2011 3:17pm
Quoting sincere360
Hello everyone, I've been studying the zones and would like to know if I'm identifying them correct. Here is a gold daily chart that I drew up. I had the zones placed before it got to that lovely turn around point to go short. Also had that bearish gartley for more confirmation. I'm still studying the fibo's since I've never used them. I understand them , but I feel like I never place them on the right high and lows.

Thanks

Attachment
It's so complicated. I studied harmonic trading few months ago, but it was too hard for me. I prefer simple scalp. Simple, not easy.
Professional FX courses - ZL, SD, for beginners and advanced traders
  • #593
  • Nov 9, 2011 4:39pm Nov 9, 2011 4:39pm
very interesting, deankenny
  • #594
  • Nov 9, 2011 5:05pm Nov 9, 2011 5:05pm
[quote=sincere360;5118566]Hello everyone, I've been studying the zones and would like to know if I'm identifying them correct. Here is a gold daily chart that I drew up. I had the zones placed before it got to that lovely turn around point to go short. Also had that bearish gartley for more confirmation. I'm still studying the fibo's since I've never used them. I understand them , but I feel like I never place them on the right high and lows.

Thanks

Have you checked out Fib placement from the Fibonacci Queen, Carolyn Boroden? Some good free stuff on her web site.
  • #595
  • Nov 9, 2011 6:04pm Nov 9, 2011 6:04pm
I haven't checked her out. Thanks for the info.
  • #596
  • Nov 9, 2011 8:48pm Nov 9, 2011 8:48pm
Hi Zamfir,

I would like to trade on the M5 TF what is the Hire TF i should be looking for the correct Zone to confirm My Entry

This is my Understanding

If we are to trade the Daily TF we should wait for the Monthly Zones form S/D
Daily TF for H4
H4 TF for M30
M30 TF for M5

Is this Correct Please advise

cheers
cash Forex
  • #597
  • Nov 9, 2011 10:21pm Nov 9, 2011 10:21pm
Quoting cashforex
Hi Zamfir,

I would like to trade on the M5 TF what is the Hire TF i should be looking for the correct Zone to confirm My Entry

This is my Understanding

If we are to trade the Daily TF we should wait for the Monthly Zones form S/D
Daily TF for H4
H4 TF for M30
M30 TF for M5

Is this Correct Please advise

cheers
cash Forex
Hey Cash,

Well, you see the S/D levels are on all TFs, but the higher you go , more reliable they are. But you know the problem with us traders, we are impatient.

you need to scan for levels on all TF , right from 5M to H4 for intraday. if the level looks fresh on any of the TF , set your PO and take it , risk will be low, so will your losses. Don't over analyze the HTF and LTF , it will only confuse you. But if you get a good level on say H4,take it.

When you scan and if you find a level on M5, just seen where you are placed on a higher TF above M5, upto H4.

I m now posting on Ken's thread. you can browse and see my M5 charts. Most worked pretty well.

Just use PO to minimize your risks. Do not enter on M5 w/o them.

Good luck!!
  • #598
  • Nov 9, 2011 11:49pm Nov 9, 2011 11:49pm
Hi zamfir,

Thanks for your clear explanation, it seem a bit more clearer now, also sorry to bug you with another question, I downloaded the Sup/Dem II indicator from this thread it seems really good how it picks out the all the Zones,

It highlights so many of them it makes really hard to pick the correct one hence had quite few trades gone wrong, what would be your suggestions should keep using this indicator or should i just pick out my Zones Manually, but then I think I might not pick the correct Zones, before i downloaded the indicator I was marking out my Weekly's , Daily's, H4, and trading of them but with very few trading opportunities Im really confused as to how can i use this indicator effectively, some time the zones i look at the PA does not move away far enough or the Candles are not strong enough but the indicator still has marked it as Zone, Or should I just only look for Strong Suppl/Demand Level to place my PO

cheers
Cashforex
  • #599
  • Nov 9, 2011 11:57pm Nov 9, 2011 11:57pm
Quoting cashforex
Hi zamfir,

Thanks for your clear explanation, it seem a bit more clearer now, also sorry to bug you with another question, I downloaded the Sup/Dem II indicator from this thread it seems really good how it picks out the all the Zones,

It highlights so many of them it makes really hard to pick the correct one hence had quite few trades gone wrong, what would be your suggestions should keep using this indicator or should i just pick out my Zones Manually, but then I think I might not pick the correct Zones, before i downloaded the indicator I was...

Get rid of that indicator and ALL other indicators.

If you use any indicator with S/D strategy. you WILL make mistakes. Indicators only cloud your judgement.

I suggest you use a clean chart and identify the S/D levels. you can see my charts , they are without any indicators and the S/D levels work!!.
  • #600
  • Nov 10, 2011 6:46pm Nov 10, 2011 6:46pm
Hi zamfir,

I have del all of the indicators, and makes it a bit more clear now, just another thing, say for argument sake Im looking to Trade the 4H and i have marked my S/D on the daily, chart, now should i wait for the PA to reach the Daily S/D level before i look for trades on the H4, is this the correct way to trade this method
if this is the case then we would not get enough opportunity to trade in a week we may lucky to get one or two trades a week and if one does not pan out then other one does then Risk on reward is not good then, wouldn't be better to trade short time Frame eg 5M that way we can get more trading opportunity, the reason i want to learn this system ASAP so i can leave my daytime job which gives me the shits,

Regards
CashForex
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