Hero calls followed by margin calls...
- Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,486 Posts
MT4/MT5 EAs/Indicators/Alerts coder
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Dislikedhey guys nice to know u lot are doing well with your trades i am new to supply and demand and would like to ask a few questions
1. can we find daily trades on this
2. has anybody used the supdem indicator on mt4
3. when price forms a base then rallies, at the base is that where u plot your supply or demand zone.
4. when starting fresh do u look at the most recent rallies in price to draw the zones or can u go back a few days
5. lastly can u filter out the bad ones that will only giv u a few pips to the ones that can give u over 50
thankyou...Ignored
Disliked1. From m5 to weekly, supp/dem is working. At the begining, it's "easier" to trade on H4/Daily.
2. Don't use any indicator that you will find on the net, they are not working. You can develop your own one but it's quite hard to develop an algorithm to spot supply and demand zones.
3. Phanti provides you through his ebook many examples that should help you to better understand how to spot supp/demand.
4. I use the recent ones but it depends on PA. Have a look at the pound, during the rally (from 1.58 to 1.63) it breaks most of the recent...Ignored
QuoteDisliked1. From m5 to weekly, supp/dem is working. At the begining, it's "easier" to trade on H4/Daily.
QuoteDisliked2. Don't use any indicator that you will find on the net, they are not working. You can develop your own one but it's quite hard to develop an algorithm to spot supply and demand zones.
QuoteDisliked3. Phanti provides you through his ebook many examples that should help you to better understand how to spot supp/demand.
QuoteDisliked4. I use the recent ones but it depends on PA. Have a look at the pound, during the rally (from 1.58 to 1.63) it breaks most of the recent supplies zones so in that kind of case you need to go back a few weeks earlier.
QuoteDisliked5. Well, I'm not able to do it yet
DislikedI have problems previously to understand the supply demand concept from other threads because of my poor English.. but Phanti describe everything in much simple manner. Thanks.Ignored
DislikedPhanti: Please check the attached charts. I do not know how this person drew this trend lines. I like the trend line in the first chart, the one start from top goes down. Can you explain? Does it make sense to you?.. please ignore all the other indicators this poster used.. I don't remember who posted this..Ignored
Dislikedhey phanti i would like to ask have you used supply and demand on a 5min chart and is rally base rally more reliable or rally base dropIgnored
QuoteDislikedrally base rally more reliable or rally base drop
DislikedHi PhAnTi', thank you very much for your e-book. I was reading your other thread (Pivot + RXS + Stochastic on M15 & M30 - Intraday rangebound) when I accidentally found this thread. The e-book gives me a clearer picture about the concept, good job and thanks for sharingIgnored