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Supply and Demand Trading Journal

  • #1
  • First Post: Mar 3, 2020 8:38am Mar 3, 2020 8:38am
I am starting this trading journal to document my journey in and attempt at learning the Supply and Demand trading methodology. I am a newbie who has lost quite a bit of money by taking trades of sub-par quality. To address this problem, I will reduce the number of pairs I trade to try and focus on high quality setups. In addition, to improve my discipline and patience, I will only take confirmation trades where the buyers/sellers show strength in a demand/supply zone. I will attempt to record and document the before and after of every trade.

Also, please feel free to comment and share your views on the charts I post (hopefully with the same methodology) so that I can improve.
  • #2
  • Mar 4, 2020 2:27am Mar 4, 2020 2:27am
GBPNZD Possible Trade:

Weekly: Price sitting in weekly supply. Looking for shorts.
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4 Hour: Price created a supply zone in weekly supply that removed a 4 hour demand zone. This showed the presence of sellers stepping in. Pending order set at the 4 hour supply zone.
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  • #3
  • Mar 4, 2020 4:51am Mar 4, 2020 4:51am
EURAUD Possible Short:

Weekly: Price is pushing up, removing supply and respecting demand. However, as we sit in Weekly supply, I am not looking for longs, but instead shorts.
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4 Hour: Price broke the momentum line and removed 4 hour demand. This creates a supply zone, within the weekly SZ, where sellers stepped in. Pending order at zone.
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  • #4
  • Mar 5, 2020 6:04pm Mar 5, 2020 6:04pm
Quoting mangoeater
GBPNZD Possible Trade: Weekly: Price sitting in weekly supply. Looking for shorts. {image} 4 Hour: Price created a supply zone in weekly supply that removed a 4 hour demand zone. This showed the presence of sellers stepping in. Pending order set at the 4 hour supply zone. {image}
Update 1: Trade triggered with nice reaction. TP revised to be at next 4 hour demand zone - due to poor return, RR decrease.
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  • #5
  • Mar 5, 2020 9:38pm Mar 5, 2020 9:38pm
Quoting mangoeater
EURAUD Possible Short: Weekly: Price is pushing up, removing supply and respecting demand. However, as we sit in Weekly supply, I am not looking for longs, but instead shorts. {image} 4 Hour: Price broke the momentum line and removed 4 hour demand. This creates a supply zone, within the weekly SZ, where sellers stepped in. Pending order at zone. {image}
Hello, my opinion it will go up break the supply zone.
There is imbalance, market is perfectly going up
But need more analysis on lower time frame
I do not recommend anything, please blame me not. Thanks
  • #6
  • Mar 6, 2020 1:03am Mar 6, 2020 1:03am
Quoting mangoeater
EURAUD Possible Short: Weekly: Price is pushing up, removing supply and respecting demand. However, as we sit in Weekly supply, I am not looking for longs, but instead shorts. {image} 4 Hour: Price broke the momentum line and removed 4 hour demand. This creates a supply zone, within the weekly SZ, where sellers stepped in. Pending order at zone. {image}
Update to Trade 2.
Trade triggered.
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  • #7
  • Mar 6, 2020 1:07am Mar 6, 2020 1:07am
Quoting MattZander
{quote} Hello, my opinion it will go up break the supply zone. There is imbalance, market is perfectly going up But need more analysis on lower time frame
Hi Matt, thanks for sharing. I do see what you mean especially that huge weekly candle. Based on my plan, it should be a trade to take. But I will keep what you said in mind, and will try incorporating such factors into my plan as time goes on to make it more robust.

Thank you!
  • #8
  • Mar 6, 2020 2:45am Mar 6, 2020 2:45am
Quoting mangoeater
{quote} Update 1: Trade triggered with nice reaction. TP revised to be at next 4 hour demand zone - due to poor return, RR decrease. {image}
Update 2 to Trade 1.
TP Hit nicely. Will review during the weekend.

Gain: 1.26R

Attached Image (click to enlarge)
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  • #9
  • Mar 7, 2020 5:02pm Mar 7, 2020 5:02pm
Quoting mangoeater
{quote} Update 2 to Trade 1. TP Hit nicely. Will review during the weekend. Gain: 1.26R {image}
GBP will be going up really crazy.
What you call TP on pic above is what I looking for as ENTRY buy
I do not recommend anything, please blame me not. Thanks
  • #10
  • Mar 7, 2020 5:29pm Mar 7, 2020 5:29pm
Im still stupid using price action. Thats why i subscribe this thread. If i do any supply demand wrong. Dont feel hesitate to correct my wrong analysis. I'm thanking for that.

This is my projection, but i do not know where GBP will actually retrace. Maybe your analysis can help me find the possible retracement?
Attached Image (click to enlarge)
Click to Enlarge Name: Polish_20200308_062336307.png Size: 103 KB
I do not recommend anything, please blame me not. Thanks
  • #11
  • Mar 7, 2020 8:54pm Mar 7, 2020 8:54pm
Perhaps you can try using volume profile in conjunction with perceived supply and demand zones. Also, I'm theorizing that fresh (untouched or 2nd touch) zones are better to trade than the succeeding ones.

When I do this, one strategy I use is to not set a stop, but give the trade a LOT of room to run to the next zone. Then I set my SL after the price has reacted off the zone because I can never tell where supply/demand will come in.

Just my 2 cents. Would be interested to know if you can backtest "fresh zones".
  • #12
  • Mar 8, 2020 3:00am Mar 8, 2020 3:00am
Quoting MattZander
{quote} GBP will be going up really crazy. What you call TP on pic above is what I looking for as ENTRY buy
Seems like your call for the buy is playing out right so far! May i ask what made you call it an entry buy?

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Latching on to this post to do my trade Review for Trade 1:
After hitting TP, price rejected the area and is pushing back up. On the W and D, trend was up on both. I think it was the right call to have a TP that was relatively close by.
  • #13
  • Mar 8, 2020 3:06am Mar 8, 2020 3:06am
Quoting MattZander
Im still stupid using price action. Thats why i subscribe this thread. If i do any supply demand wrong. Dont feel hesitate to correct my wrong analysis. I'm thanking for that. This is my projection, but i do not know where GBP will actually retrace. Maybe your analysis can help me find the possible retracement? {image}
Since you're trading price action, maybe i could share my view on price action before SupDem trading. To be honest, using price action, I view GBPNZD on the daily as a shorting opportunity. What im seeing is price making a flag continuation pattern on the weekly. And within the flag pattern, on the daily, is a rising wedge into a Support turned resistance level that has rejected multiple times.

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However, if i were to look for long using the methodology im currently using, the area in green is probably the first area i will look for long as it is a fresh untested demand zone.
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  • #14
  • Mar 8, 2020 3:07am Mar 8, 2020 3:07am
Quoting zotium
Perhaps you can try using volume profile in conjunction with perceived supply and demand zones. Also, I'm theorizing that fresh (untouched or 2nd touch) zones are better to trade than the succeeding ones. When I do this, one strategy I use is to not set a stop, but give the trade a LOT of room to run to the next zone. Then I set my SL after the price has reacted off the zone because I can never tell where supply/demand will come in. Just my 2 cents. Would be interested to know if you can backtest "fresh zones".
Hi Zotium! Thanks for the recommendation. I am rather unfamiliar with volume, do you mind sharing how you would incorporate it? E.g. do you look for spikes in volume?
  • #15
  • Mar 8, 2020 8:54am Mar 8, 2020 8:54am
Quoting mangoeater
{quote} Hi Zotium! Thanks for the recommendation. I am rather unfamiliar with volume, do you mind sharing how you would incorporate it? E.g. do you look for spikes in volume?
Hey, this is so good price action.
I see USDCAD is going to fill the gap down below soon.

This is strategy is working in lower time frame, but i never done it in high TF. Can you help me analyze this HUGE opportunity?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20200308-205049.png Size: 170 KB
I do not recommend anything, please blame me not. Thanks
  • #16
  • Mar 8, 2020 9:02am Mar 8, 2020 9:02am
Quoting MattZander
{quote} Hey, this is so good price action. I see USDCAD is going to fill the gap down below soon. This is strategy is working in lower time frame, but i never done it in high TF. Can you help me analyze this HUGE opportunity? {image}
If BEARISH ever move the market down to fibo 161% then it will retrace to retest prev resistance then. MARKET CRASH down. I used to wait for bearish to step in first... But if you can confirm bearish is in control in current area. It can be great instant cash
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20200308-210005.png Size: 182 KB
I do not recommend anything, please blame me not. Thanks
  • #17
  • Mar 8, 2020 9:13am Mar 8, 2020 9:13am
Quoting MattZander
{quote} If BEARISH ever move the market down to fibo 161% then it will retrace to retest prev resistance then. MARKET CRASH down. I used to wait for bearish to step in first... But if you can confirm bearish is in control in current area. It can be great instant cash {image}
Edit
Attached Image (click to enlarge)
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I do not recommend anything, please blame me not. Thanks
  • #18
  • Apr 4, 2020 6:47am Apr 4, 2020 6:47am
hi mangoeater!

i see that you trade GBPNZD....

here is my view, where i will look for a trade... i placed alert, so i will watch for approach

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  • #19
  • Last Post: Apr 4, 2020 6:53am Apr 4, 2020 6:53am
Quoting MattZander
{quote} Edit {image}
Hello Matt, here is my view for USDCAD...
i hope it helps you
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