Hi,
possible trade short EUR USD on H1
Greetings Mike
possible trade short EUR USD on H1
Greetings Mike
Attached Image (click to enlarge)
Supply and Demand trading with Fibs
- #1,864
- Feb 8, 2018 2:03am Feb 8, 2018 2:03am
- Joined Apr 2011 | Status: NQ eta moi lybov... | 3,030 Posts
Why wait so long for your money Mike?
You can adjust your risk to remain the same on smaller timescales.
GU, look to retest the start of the move, with SL above. The most obvious target is the first pinbar but on a smaller scale it will usually look like a 123. This is the subwave (i) of the prior cycle. You will be amazed how often that PA will react off of this point to the pip, particularly if it is in normal hours with good volume when the retest occurs;
Follow stoploss chase tightly when approaching prior demand. I use a pip above each finished candle at that stage. So you can see the reaction when we reached prior demand and the trade is taken out.
Now because there was no fresh LL yet for trend continuance, we look back to the most recent obvious Supply zone again. Find the 123 (subwave 'i') at the start of the move and we can see the reaction;
You can adjust your risk to remain the same on smaller timescales.
GU, look to retest the start of the move, with SL above. The most obvious target is the first pinbar but on a smaller scale it will usually look like a 123. This is the subwave (i) of the prior cycle. You will be amazed how often that PA will react off of this point to the pip, particularly if it is in normal hours with good volume when the retest occurs;
Follow stoploss chase tightly when approaching prior demand. I use a pip above each finished candle at that stage. So you can see the reaction when we reached prior demand and the trade is taken out.
Now because there was no fresh LL yet for trend continuance, we look back to the most recent obvious Supply zone again. Find the 123 (subwave 'i') at the start of the move and we can see the reaction;
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- #1,865
- Feb 8, 2018 1:18pm Feb 8, 2018 1:18pm
- Joined Apr 2011 | Status: NQ eta moi lybov... | 3,030 Posts
Exactly the same on the NQ earlier. Look at the similarity with the above GU chart set-up;
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- #1,869
- Feb 9, 2018 2:57am Feb 9, 2018 2:57am
- Joined Apr 2011 | Status: NQ eta moi lybov... | 3,030 Posts
Hi Cableguy, thank you for sharing your knowledge and for taking time answering me.
Yeh, it is in EW terms, a subwave 1&2 of the previous cycle, but don't get too hung up on it with smaller time scales. If you are trading larger, look for the pullback pin;
It will just look different depending on how you zoom in on it, on small scales - a 123, (retest point 2);
on bigger scales - a pullback pin - bigger again, the candle body of the pinbar at the start of the move...
This is the same as above, but how it looks on a smaller scale, (now you will see the usual 123 retest of point 2);
and even if you missed that entry, scale in and there is a repeat on a smaller set-up, but the same;
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- #1,870
- Feb 9, 2018 3:07am Feb 9, 2018 3:07am
- Joined Apr 2011 | Status: NQ eta moi lybov... | 3,030 Posts
I generally trade the NQ, but Supply/Demand is the very basis on how any instrument works, be it Commodities, Index's of FX pairs etc
Big scale, the starting pinbar candle body;
The great thing is that even when the trend is wrong, you often get a nig enough reaction off of that point to at least get your Stoploss to BE (safety).
Big scale, the starting pinbar candle body;
The great thing is that even when the trend is wrong, you often get a nig enough reaction off of that point to at least get your Stoploss to BE (safety).
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- #1,872
- Feb 12, 2018 3:07am Feb 12, 2018 3:07am
- Joined Apr 2011 | Status: NQ eta moi lybov... | 3,030 Posts
Hi Cableguy, thank you again for your answer. I tried to spot some supply/demand zones according to your advice (pullback bar). I think zones work quite well when they consist of only one pullback bar. My problem with this is that I can't spot this setup quite often when searching the main forex pairs. Or maybe I simply do not have the practice to spot them. Is it also okay, when the zone consists of more candles (2-3)? When yes is it ok, when they really form a pullback with 2-3 candles? Because when reading through this thread, it has always been...
This would be my favourite pattern, which is easy to identify... some tightly packed candles showing consolidation, followed by a fast thrust away. The retest of which is always worth trading with stop above;
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Hello deankenny21,
I am new to this art of trading and I have found it to be my way to go. I am also new to forex trading and charts in general. I tried to look on the thread where you show how the fib is used, but I have not encountered it yet. I have watched the Sam Seiden videos on YT, read some lengthy .PDF documents on the subject, including your documents. Your videos I have not yet watched to their great extent, but I will.
I can see you draw the fib. retracement, but the rules for the retracement, I have yet to stumble upon elaboration of the aforementioned subject.
Or is it just a "normal" Fib. retracement, without any specific use case regards to your S&D trading. I will find out. Thank you for your good spirit!
I am really looking forward for this year, learning S&D and automating the trading. GOOD LUCK TO ALL OF YOU!
I am new to this art of trading and I have found it to be my way to go. I am also new to forex trading and charts in general. I tried to look on the thread where you show how the fib is used, but I have not encountered it yet. I have watched the Sam Seiden videos on YT, read some lengthy .PDF documents on the subject, including your documents. Your videos I have not yet watched to their great extent, but I will.
I can see you draw the fib. retracement, but the rules for the retracement, I have yet to stumble upon elaboration of the aforementioned subject.
Or is it just a "normal" Fib. retracement, without any specific use case regards to your S&D trading. I will find out. Thank you for your good spirit!
I am really looking forward for this year, learning S&D and automating the trading. GOOD LUCK TO ALL OF YOU!
LOVE
- #1,878
- Mar 30, 2018 8:04am Mar 30, 2018 8:04am
- Joined Apr 2011 | Status: NQ eta moi lybov... | 3,030 Posts
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- #1,879
- Apr 6, 2018 7:22am Apr 6, 2018 7:22am
- Joined Apr 2011 | Status: NQ eta moi lybov... | 3,030 Posts
In my humble opinion, it is best to use Supply/Demand in conjunction with overall market structure (HH/HL's or vica versa) and choose the immediate pullbacks, within the likely same phase.
Choosing prior S/D levels when against trend has limited success. Yes there is often a reaction at that level, but if the trend has changed it will likely only be enough to get your stoploss to BE.
So here we have LL/LH combo - trend is down, pullback to prior Supply. Join in to target fresh LL as per trend...
My favourite trades are using 123's back into underlying trend. You need to match the scale of the pullback (and thus set-up) to what PA was printed beforehand;
Here we can see a pullback within an uptrend with HH/HL combo, then a 123 that triggers (break of point 2), followed by an immediate pullback to near point 3 (where the demand starts), enter there to get onboard the ride back into main trend...
Here was 15 minutes of trading the NQ yesterday;
Choosing prior S/D levels when against trend has limited success. Yes there is often a reaction at that level, but if the trend has changed it will likely only be enough to get your stoploss to BE.
So here we have LL/LH combo - trend is down, pullback to prior Supply. Join in to target fresh LL as per trend...
My favourite trades are using 123's back into underlying trend. You need to match the scale of the pullback (and thus set-up) to what PA was printed beforehand;
Here we can see a pullback within an uptrend with HH/HL combo, then a 123 that triggers (break of point 2), followed by an immediate pullback to near point 3 (where the demand starts), enter there to get onboard the ride back into main trend...
Here was 15 minutes of trading the NQ yesterday;
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
