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  • #701
  • Aug 25, 2017 2:04am Aug 25, 2017 2:04am
I love the PA on USD CAD

Some annotations on the charts H4 and H1
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  • #702
  • Aug 25, 2017 3:02am Aug 25, 2017 3:02am
Quoting mtharwat
Hi lemercenaire, Thanks for taking time to analyse NZDUSD. "I'd actually say that on the Weekly tf there initially looks to be a fair bit of room to continue a drop. However, once you add the fib, you can see that we are in a range between 50.0 and 38.2, the latter of which, could give some bounce potential" I definitely agree with u and I am waiting for a break of the neckline (which is on the 38.2 weekly fibo) and a retest. "Going to the H1 would have me ready to get in on a move long, any time from the next few hours on. Not saying it will go...
I am glad you did well with the crude. May be share the chart with us when u have time.

Sure. Here's the sequence. Before, during and woop-dee-doo!.

The entry was on the retest as it exited the supply zone.

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  • #703
  • Aug 25, 2017 7:10am Aug 25, 2017 7:10am
Quoting lemercenaire
{quote} I am glad you did well with the crude. May be share the chart with us when u have time. Sure. Here's the sequence. Before, during and woop-dee-doo!. The entry was on the retest as it exited the supply zone. {image} {image} {image}
Well Done, What a move!. I am assuming you entered after the first long red candle and the green demand area disappeared. In this case, I want to ask you what do you normally do: wait for a retest after such big move or just short with a sell stop?. In case of the latter, I think higher time frames would suggest if the volatility is high enough or not to resume the trend.

Thanks for sharing.

BTW, is this demand supply indi u have same as this one I am attaching
Attached File(s)
File Type: ex4 II_SupDem_v2.32.ex4   58 KB | 357 downloads
File Type: mq4 II_SupDem_v2.32.mq4   61 KB | 346 downloads
  • #704
  • Aug 25, 2017 7:59am Aug 25, 2017 7:59am
USD CAD: still running (will be holding position over weekend)

GBP USD: -11 pips

EUR CAD : +20
  • #705
  • Aug 25, 2017 12:14pm Aug 25, 2017 12:14pm
Beautiful PA on XAU USD especially the upward channel on H4 and on daily, price is testing for the third time an important resistance level.

Something to watch for next week.
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  • #706
  • Aug 26, 2017 5:37am Aug 26, 2017 5:37am
Anyone who is willing to clarify these method to me please hit me up please. If you truly Understand the Method. Please Guys
  • #707
  • Aug 26, 2017 12:07pm Aug 26, 2017 12:07pm
Quoting mtharwat
Beautiful PA on XAU USD especially the upward channel on H4 and on daily, price is testing for the third time an important resistance level. Something to watch for next week. {image} {image}
Hey man I am sorry to say, but channels have always felt to me like that scribble analysts do on their chart to make it look professional The way I see it, it's a series of higher highs and higher lows - if drawing a channel helps you spot those trends, than more power to ya. But personally, I think it's completely unnecessary and often deluding - channels fail more often than not, unless drawn in hindsight where they're made to fit.

On a more serious note, gold is the true safe haven in this world, and beside it being highly speculative because gold futures weigh in on price way more than physical gold, it's good to keep in mind that the gold rally has been thriving on Trump and N Korea related uncertainty which goes on still to this day. Also, seeing as you are a longer term trader, keep in mind Diwali, when trading gold. It's usually a driver for gold around the last quarter.

I completely agree on the resistance part, it may however result in a turn. Which is why I'd rather seek opportunity elsewhere I've spent too much time trading risky setups, I'm all for the safe and sweet ones.
  • #708
  • Aug 26, 2017 12:10pm Aug 26, 2017 12:10pm
Quoting Zekiefx
Anyone who is willing to clarify these method to me please hit me up please. If you truly Understand the Method. Please Guys
What is it you are having a hard time grasping, mate? Can I be of any help?
  • #709
  • Aug 26, 2017 12:34pm Aug 26, 2017 12:34pm
What would be a good way to determine a good TP area, should you always go for 100pips when trading the daily?
  • #710
  • Aug 26, 2017 12:37pm Aug 26, 2017 12:37pm
Quoting WDays
{quote} What is it you are having a hard time grasping, mate? Can I be of any help?
Supply and Demand trading is a subject that I'm still interested in despite me giving up on it because I'm having a hard time how to exactly identify an S&D area. I just tell myself this may not be something that will work for me. But I'm still interested in it.

So I'd like to ask how exactly do you identify an exact supply and demand area. What exactly does one have to look for in order to determine an exact and precise S&D area. What is the exact and precise thought process that goes into your mind when looking for an exact and precise S&D area. What are the exact and precise set of rules that I must follow when looking for an exact and precise S&D area. So far some of the lessons I've studied about S&D specially about looking for the levels are somewhat broad and general to me. At least for me I haven't seen an S&D lesson that teaches and pinpoints exactly on how to I can find these levels.
In the lessons I've read I can tell that there were differences on how the writer or presenter of the lesson finds an S&D level hence making it subjective not objective.

Sorry for the long post.
Patience and Discipline, these are the Holy Grail.
  • #711
  • Aug 26, 2017 2:50pm Aug 26, 2017 2:50pm
Quoting mtharwat
{quote} Well Done, What a move!. I am assuming you entered after the first long red candle and the green demand area disappeared. In this case, I want to ask you what do you normally do: wait for a retest after such big move or just short with a sell stop?. In case of the latter, I think higher time frames would suggest if the volatility is high enough or not to resume the trend. Thanks for sharing. BTW, is this demand supply indi u have same as this one I am attaching {file} {file}
I waited for the set-up on candle 'A', which was the first to show some real mojo and to break the channel. The next four pushed down but did not clear the other side. While this is going on, I have been down on the m30 and m15 charts and was able to see the levels of resistance stopping the bigger drop (sorry but no copies taken of these charts at the time). This gave me confidence that I had a while to go (if it was going to go at all, which of course I didn't know yet).

I then saw the two green candles reverse us back and now I was looking to get involved.

Once candle 'B' had moved up and then once more turned down, I went in at around the marked level. I say ''at around'' because at this time I am once more down on the lower time-frames, this time including the m15 and m5. I will use the micros-S+D Zones here to get in at the very best entry I can get. I know the zones are very unstable at these small time-frames but I find them useful used in this way, especially to scale in to positions.

The chart with the fib attached shows the initial targets. My reasoning being that I figured I was going to get to #1 at least and the others are pretty self-explanatory.

After that, if price cleared what was the lower level of the green zone - which was a Turncoat Zone, remember, so would in essence change from support to resistance - then I could put a locked-in stop there and let the rest run.

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  • #712
  • Aug 26, 2017 3:20pm Aug 26, 2017 3:20pm
Quoting marcnathan88
{quote} Supply and Demand trading is a subject that I'm still interested in despite me giving up on it because I'm having a hard time how to exactly identify an S&D area. I just tell myself this may not be something that will work for me. But I'm still interested in it. So I'd like to ask how exactly do you identify an exact supply and demand area. What exactly does one have to look for in order to determine an exact and precise S&D area. What is the exact and precise thought process that goes into your mind when looking for an exact and precise...
Hi marcnathan88, you've kind of answered your own question in the way that you frame it....''exact and precise''. To me, those three words and S+D are kind of mutually exclusive. Your final point about it being subjective, not objective, is also pretty much on the money. However, does this make it any less valid? I don't think so. I do think that it is a technique that requires an experienced eye and more than a fair bit of practice. If that's something that is not in your mindset, than perhaps S+D isn't for you.

Now, having said all that, I am in no way an S+D guru. I use a pre-set indi (though I can draw my own zones) and I use it in conjunction with my main methods as often as I use it as a stand-alone. I find it gives the potential for very high probability entries.

The main issue you may be finding is the fact that there is no exact and therefore repeatable entry method. This is because these are S+D zones, not lines. That is why I use multiple time-frames to find my actual entries once the main zone has been identified.

I am sure there are those here or hereabouts who can give you a much more in-depth breakdown but maybe this answer will go some way to pointing you in a direction that will help you get the full answers you need.
  • #713
  • Aug 26, 2017 3:27pm Aug 26, 2017 3:27pm
Quoting mtharwat
{quote} Well Done, What a move!. I am assuming you entered after the first long red candle and the green demand area disappeared. In this case, I want to ask you what do you normally do: wait for a retest after such big move or just short with a sell stop?. In case of the latter, I think higher time frames would suggest if the volatility is high enough or not to resume the trend. Thanks for sharing. BTW, is this demand supply indi u have same as this one I am attaching {file} {file}
I use this one. It's available on FF.

Hanover has coded a newer variant of it with more bells-and-whistles but I never got around to using it, as this one does everything I need it to.

Attached File(s)
File Type: mq4 shved_supply_and_demand.mq4   29 KB | 792 downloads


Attached File(s)
File Type: ex4 SupDem.ex4   13 KB | 603 downloads
  • #714
  • Aug 26, 2017 3:46pm Aug 26, 2017 3:46pm
Quoting WDays
{quote} What is it you are having a hard time grasping, mate? Can I be of any help?
Yes thanks for your time man.


What I am actually struggling with is identifying those daily Bias.

Real trend trend on the daily chart.

Market direction on that daily chart.
I do get the 4hr and 1hr Chart where I will have to identify zones so I can be able to enter on 15m chArt.

But still struggling with Daily chart.... I went through the video and I did read these thread for several time but I can get to understand how you see those daily candles direction. If I can get that daily candle where exactly it's going. Then I am good. That's where I am currently struggling.


Please help. And thank you.
  • #715
  • Aug 27, 2017 3:01am Aug 27, 2017 3:01am
Quoting lemercenaire
{quote} I use this one. It's available on FF. Hanover has coded a newer variant of it with more bells-and-whistles but I never got around to using it, as this one does everything I need it to. {file} {file}
Thank you
  • #716
  • Aug 27, 2017 3:08am Aug 27, 2017 3:08am
Quoting Zekiefx
{quote} Yes thanks for your time man. What I am actually struggling with is identifying those daily Bias. Real trend trend on the daily chart. Market direction on that daily chart. I do get the 4hr and 1hr Chart where I will have to identify zones so I can be able to enter on 15m chArt. But still struggling with Daily chart.... I went through the video and I did read these thread for several time but I can get to understand how you see those daily candles direction. If I can get that daily candle where exactly it's going. Then I am good. That's...

Allright, let me try to help.

I can see where your problem is. You are fine with H4 and lower. I think your problem with daily is that you are only considering the last three or four candles. The same way as you analyse h4 and lower is the same with higher time frame. When I do my top down approach, I normally draw the support and resistance lines that are relevant to current PA.

With daily candles, you would deal with the last two or three candle formations as a confirmation for instance within the general context of the market structure.

Example: On H1 and H4, there is a bearish trend line and price has touched the trend line is expected to go down and there is a dark cloud cover for example . On the daily , there is a doji and hence you get your entry supported by different time frames. But the main thing is that this trend line is valid on both H4 and D1.

On the weekly, you have also noticed PA to make the first Lower High and so on...

It is the bigger picture of the market and not individual candles on higher time frames.
  • #717
  • Aug 27, 2017 3:34am Aug 27, 2017 3:34am
Quoting lemercenaire
{quote} Hi marcnathan88, you've kind of answered your own question in the way that you frame it....''exact and precise''. To me, those three words and S+D are kind of mutually exclusive. Your final point about it being subjective, not objective, is also pretty much on the money. However, does this make it any less valid? I don't think so. I do think that it is a technique that requires an experienced eye and more than a fair bit of practice. If that's something that is not in your mindset, than perhaps S+D isn't for you. Now, having said all that,...
Thanks for taking the time to answer. Maybe you're right that it's not in my mindset. Maybe just being interested about it isn't enough. My only issue is in identifying the levels. I'm looking for a set of rules that I can follow when trying to identify a level because I think in trading it's also pretty much about rules. There is a money management rules, rules for entering a trade and many others. But despite S&D not being for me this will always be something that I'll keep my eye on and who knows maybe I can finally learn to put it in my mindset and have that "Aha" moment. For now I think I can settle with the shved S&D indicator. Give it a try on demo trading and see how it works.

I hope you don't mind me asking. How long have been using shved and how are you doing with it? I'm interested to know how effective the indicator works. I also see that you're trading it somehow.

Thanks again.
Patience and Discipline, these are the Holy Grail.
  • #718
  • Aug 28, 2017 3:05am Aug 28, 2017 3:05am
Quoting marcnathan88
{quote} Thanks for taking the time to answer. Maybe you're right that it's not in my mindset. Maybe just being interested about it isn't enough. My only issue is in identifying the levels. I'm looking for a set of rules that I can follow when trying to identify a level because I think in trading it's also pretty much about rules. There is a money management rules, rules for entering a trade and many others. But despite S&D not being for me this will always be something that I'll keep my eye on and who knows maybe I can finally learn to put it in...
Hi again.

What I would suggest, is that, yes, use the shved indi and treat it as a ''heads-up'' area that when price approaches it, you know that ''something'' may happen. That's when you can begin to pay attention to that pair. From there, you can run whatever method you are using. If that method involves reversals in any way, then you are onto a winner straight away.

Be aware that in the shved indi there is an option to use the Turncoat Zone feature but you will need to add that option, as by default it is turned off. This is really useful for showing continuation moves (as worked for me on The DAX this morning). A Turncoat Zone is one that will change from being support into resistance if / when price pushes through it.

I've been using the indi live for a few months now, I think. I must admit to being surprised by how effective it actually is - even in its most basic form. As I mentioned, Hanover coded one that added lots of subtle additions but I have been happy enough with this one that I have never used the newer variant.
  • #719
  • Aug 28, 2017 3:39am Aug 28, 2017 3:39am
Quoting lemercenaire
{quote} Hi again. What I would suggest, is that, yes, use the shved indi and treat it as a ''heads-up'' area that when price approaches it, you know that ''something'' may happen. That's when you can begin to pay attention to that pair. From there, you can run whatever method you are using. If that method involves reversals in any way, then you are onto a winner straight away. Be aware that in the shved indi there is an option to use the Turncoat Zone feature but you will need to add that option, as by default it is turned off. This is really useful...
It's great to hear that it's working well for you and take note not on a demo but a live account. Thanks for sharing. I greatly appreciate it. I'll start practicing and demo trading with shved from now on. Also thanks for letting me know what the Turncoat Zone means. I really had no idea what it is. The first time I used the indicator on chart I was surprised to see how price was reacting to these levels. They start stalling and then eventually reversing and moving the other direction. I must also say it's good to have met someone, like you whose doing well with an S&D indicator. I'll be looking forward to all your post here. I'll definitely learn a lot from you.

Thanks again and regards.
Patience and Discipline, these are the Holy Grail.
  • #720
  • Aug 28, 2017 4:28am Aug 28, 2017 4:28am
Quoting marcnathan88
{quote} It's great to hear that it's working well for you and take note not on a demo but a live account. Thanks for sharing. I greatly appreciate it. I'll start practicing and demo trading with shved from now on. Also thanks for letting me know what the Turncoat Zone means. I really had no idea what it is. The first time I used the indicator on chart I was surprised to see how price was reacting to these levels. They start stalling and then eventually reversing and moving the other direction. I must also say it's good to have met someone, like...
No worries. If I can help at all, I will.

As I've said, there are without doubt those out there who specialise in S+D and know all the subtleties of the technique - WDays for one - however I am happy to use it the way I do as one part of a larger picture.
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