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Studying on Supply/Demand

  • #41
  • Nov 19, 2018 1:58am Nov 19, 2018 1:58am
Quoting LuckyMind
Hello everyone! Ok, i am giving up to really understand how is Supply/Demands works by myself. So I hope advanced traders will help me (and everyone who interested) to get concepts. The reason why I am into Supply/Demand - I think it works, even rather I would say I see very intersing things at charts. I flow around some gig threads here about S/D and now i have big mess in my mind. Some notes and goals: - firstly understand how to draw S/D with as much as possible strict rules, perfectly if it will be so strict, that it can be coded - understand...
Mate I already subscribed your amazing thread! Much helpful! Thanks a lot mate; keep updating.
  • #42
  • Nov 19, 2018 5:35am Nov 19, 2018 5:35am
I tried to find most obvious examples.
Also S/D zones in this cases i draw instinctively
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  • #43
  • Nov 21, 2018 6:19pm Nov 21, 2018 6:19pm
The most you have draw is a flip. There is an order around that area.
  • #44
  • Nov 21, 2018 10:31pm Nov 21, 2018 10:31pm
Quoting batus
The most you have draw is a flip. There is an order around that area.
I just noticed, that if there is flip just after Supply/Demand, than this S/D zones works better
  • #45
  • Nov 22, 2018 6:09am Nov 22, 2018 6:09am
[quote=LuckyMind;11691954]
Quoting patterncode
{quote} Not really, if use indicators. Tell me, if you need them.
Thank you, but no, I wont be needing them.
  • #46
  • Nov 22, 2018 2:14pm Nov 22, 2018 2:14pm
Sorry to bug u again batus, why is this setup failed.i been trying to understand this
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  • #47
  • Nov 23, 2018 4:50am Nov 23, 2018 4:50am
Current EU 1H.
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  • #48
  • Nov 23, 2018 5:03am Nov 23, 2018 5:03am
Quoting LuckyMind
Current EU 1H. {image}
Great movement on EU today...FLIP is my target.

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  • #49
  • Nov 23, 2018 5:28am Nov 23, 2018 5:28am
Quoting batus
{quote} Great movement on EU today...FLIP is my target. {image}
Nice trade...can I ask why did you enter the trade without confirms on the 2nd visit to the zone?
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  • #50
  • Nov 23, 2018 5:36am Nov 23, 2018 5:36am
Quoting danmur
{quote} Nice trade...can I ask why did you enter the trade without confirms on the 2nd visit to the zone? {image}
Qm level .. you can notice if you draw and also where i did place my initial stop Not at FTB...sometimes im late. Not every moment im on my trading desk .

@LuckyMind ... the theory behind those flip level you have drawn is the order, as per chart below:

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  • #51
  • Nov 23, 2018 6:57pm Nov 23, 2018 6:57pm
[quote=LuckyMind;11711530]I tried to find most obvious examples. Also S/D zones in this cases i draw instinctively {image} {image} {image} {image} {image} {image} {image} {image} {image} {image}[/quote

Accordingly to my knowledge SD or RS cannot be drawn instinctively. Those levels MUST be defined precisely on how and where they are. Anything else means that the trading methodology is still not robust enough for one to beat the market with consistent success and profitability.
My first and final post in this thread and

Happy trading.....
  • #52
  • Nov 24, 2018 1:10pm Nov 24, 2018 1:10pm
[quote=genghistar;11730345]
Quoting LuckyMind
I tried to find most obvious examples. Also S/D zones in this cases i draw instinctively {image} {image} {image} {image} {image} {image} {image} {image} {image} {image}[/quote Accordingly to my knowledge SD or RS cannot be drawn instinctively. Those levels MUST be defined precisely on how and where they are. Anything else means that the trading methodology is still not robust enough for one to beat the market with consistent success and profitability. My first and final post in this thread and Happy trading.....
Said he who also use Forexfactory to evolve in a better trader or not. Joined in 2012 and now he leaves, because he might be successful or a complete failure. Would not care much about his comment. Grind it out ask the questions. Study all material you can find. Don`t pay for lessons.

People study for four years to become an undergraduate, but want to become good traders by attending a half day seminar from somebody that is still a learner themselves
  • #53
  • Nov 24, 2018 11:45pm Nov 24, 2018 11:45pm
[quote=genghistar;11730345]
Quoting LuckyMind
I tried to find most obvious examples. Also S/D zones in this cases i draw instinctively {image} {image} {image} {image} {image} {image} {image} {image} {image} {image}[/quote Accordingly to my knowledge SD or RS cannot be drawn instinctively. Those levels MUST be defined precisely on how and where they are. Anything else means that the trading methodology is still not robust enough for one to beat the market with consistent success and profitability. My first and final post in this thread and Happy trading.....

To be precise you need a start point and we need this to be unbiased.

However if the whole technical analysis consists of instructions like "put the line here, because this wave looks like an end of bearish pressure", i.e. theory exists only as a set of subjective experiences, you can't determine the "axioms".

From one of the books devoted to technical analysis (from Murphy if I remember) one the principles was "The market moves in waves" which basically sets the freedom for thousands of interpretations. Meanwhile try to understand math theorem in the way, distinct from others, I'm sure it's impossible.
  • #54
  • Nov 25, 2018 1:04am Nov 25, 2018 1:04am
Gold short opportunity
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  • #55
  • Nov 25, 2018 6:03pm Nov 25, 2018 6:03pm
[quote=genghistar;11730345]
Quoting LuckyMind
I tried to find most obvious examples. Also S/D zones in this cases i draw instinctively {image} {image} {image} {image} {image} {image} {image} {image} {image} {image}[/quote Accordingly to my knowledge SD or RS cannot be drawn instinctively. Those levels MUST be defined precisely on how and where they are. Anything else means that the trading methodology is still not robust enough for one to beat the market with consistent success and profitability. My first and final post in this thread and Happy trading.....
Dear GS,

Is this where traders can go wrong? Where the trader is unable to develop the proper robust enough methodology in order to be consistent enough in their success and profitability before giving up trading?

Must those levels be defined precisely when one is a novice trader trying to work out her/ his trading methodology and then with time gain the precision as their trading methodology gains robustness?

To me it seems novice traders are in a situation of being inside a nose diving plane while making effort in order to pull the nose of the plane up before it hits the ground from trying to interoperate your comment.

I understand this is your final post on this thread, maybe if I can please contact you via private message if you can please enable the function, it will be much appreciated.

Kind Regards,
Tzamo
"Work hard, put in the effort, and follow your dreams..." -Me
  • #56
  • Nov 25, 2018 8:24pm Nov 25, 2018 8:24pm
Quoting tzamo
Quoting genghistar
{quote} Dear GS, Is this where traders can go wrong? Where the trader is unable to develop the proper robust enough methodology in order to be consistent enough in their success and profitability before giving up trading? Must those levels be defined precisely when one is a novice trader trying to work out her/ his trading methodology and then with time gain the precision as their trading methodology gains robustness? To me it seems novice traders are in a situation of being inside a nose diving plane while making effort
...
...[/quote]...[/quote]...[/quote]
I apologise for being not explicit in my earlier post and as an exception I will try my best to expend on my last comment even tho it was suppose to be my last post in this thread.
Imho before any trader even use any technical indicators whether it is SD RS OB OS etc on a chart, the no 1 thing to learn and know is the various MCs or market conditions of that currency pairs. Are we looking for price reversal or continuation of a prevailing PA and in which MCs whether it's a intraday or mt trade or longer. Every MCs have its own PA process element whether it's price reversal, continuation,pullback,retracement etc and the price levels of all the elements are very specific and precise in all respective MCs. Therefore the SD or RS differs in each and every elements and MCs. Furthermore every currency pairs have their own price dynamics in the respective MCs. So a robust trading plan that works on EU will not work on UJ or GU or others and vice versa.
This is my best in trying to elucidate my experience and knowledge on forex trading and it's my final last post on understanding PA and in this thread.

Cheers and pls ignore my opinion if you disagree....hehe.
  • #57
  • Nov 25, 2018 10:18pm Nov 25, 2018 10:18pm
Quoting batus
{quote} Qm level .. you can notice if you draw and also where i did place my initial stop Not at FTB...sometimes im late. Not every moment im on my trading desk . @LuckyMind ... the theory behind those flip level you have drawn is the order, as per chart below: {image}
Why do you think Limit Orders remained higher than S/R and not at the place, where i marked
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  • #58
  • Dec 5, 2018 4:02am Dec 5, 2018 4:02am
Quoting LuckyMind
{quote} Why do you think Limit Orders remained higher than S/R and not at the place, where i marked {image}
Limit usually placed at decision point. We couldn't know when they start jump in but we can see the effect of it. Immediate order creates effect but above or below it is the decision made in base area. When pullback occur , the decision area actually where the placed their limit.

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  • #59
  • Dec 11, 2018 2:48pm Dec 11, 2018 2:48pm
The effect, flip, pullback, orders at similar level.

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A trade for Usdchf in progress.

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  • #60
  • Dec 11, 2018 4:16pm Dec 11, 2018 4:16pm
[quote=OutThere;11581545]Quote: i am giving up to really understand how is Supply/Demands works... Good idea IMHO. To me, Supply/Demand is only an afterthought. You can see how Supply/Demand was after it effected the price. There is always huge potential for supply and for demand to become dominant in the market hence the liquidity. It can come across as a chicken/egg problem and those who seek clues in Supply/Demand analysis tend to align themselves with either the chicken or the egg before going forward. Therefore, they are biased from the start. Supply/Demand takes sides only when other factors in the market direct the sides.
Hello outThere ,,,,
I would like to add to what u have just said ,,,,
This is based on my personal experience ,,,, and 10's of thousands of hours of screen time ,,,,
There are 3 major things that people believe in ,, in this business ,,,, that are ONLY a myth in the mind of traders ,,, as they do NOT exist ,,, AND i have proven that beyond any doubt in my mind ,,,,,,
And THEY ARE ,,,,,,,
SUPPLY and DEMAND ,,,,
SUPPORT and RESISTANCE ,,,,,
BULLS and BEARS ,,,,,
Thats is a FACT for me ,,,,,,
Once one FULLY understand PRICE ACTION in its full realit ,,,,, which is 100% clear on the charts ,,,, one WILL CLEARLY see this reality ,,,,
The market does NOT do a Sunday afternoon Park Stroll ,,,, it is extremely highly organised business to the highest order ,,,,
I will NOT elaborate on this point ,,, because i do NOT talk about my theories publically ,,,,so i shall leave it here ,,,,
Just wanted to confirm for u my personal findings ,,,,
Cheers,
George
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
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