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How to Beat the Market Makers at Their Own Game

  • #881
  • May 28, 2020 8:16pm May 28, 2020 8:16pm
Quoting fex
Hi all, dont want disturb... Hi cisco9211 i think we see some things very near... Thanks for this work newbie2014, i like this treath regards and good trading day {image}
thank you . good luck with your trading too
  • #882
  • May 29, 2020 3:25am May 29, 2020 3:25am
A quick 2X up for grabs here on the EURUSD
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  • #883
  • May 29, 2020 4:25am May 29, 2020 4:25am
Quoting chambers1098
A quick 2X up for grabs here on the EURUSD {image}
Gee whizz - made an absolute mockery of me the market on that occasion. A good lesson that once you lock in your percentage goal for the week, trading comes to a stop. Either way, I'm quite bearish on the Fiber for the short to medium term from here. Happy to be proven wrong though.
  • #884
  • Jun 2, 2020 5:38am Jun 2, 2020 5:38am
The only two types of setups which you have to learn with Supply & Demand trading.
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  • #885
  • Jun 2, 2020 6:43am Jun 2, 2020 6:43am
Quoting flowchi
The only two types of setups which you have to learn with Supply & Demand trading. {image} {image}
I can see limit and stop orders on your charts, don't you wait for confirmation before entering?
  • #886
  • Jun 2, 2020 7:59am Jun 2, 2020 7:59am
Quoting unknown7
{quote} I can see limit and stop orders on your charts, don't you wait for confirmation before entering?
The limit orders are my "confirmation" entries, if price forms new supply/demand level and rushes away I place a limit order to get in at pullbacks/retracements.
That's when price breaks through a level as you can see on GBPJPY. Setup 1 to learn.

Setup 2 to learn is when price reverses at a level as you can see on EURCAD.

That's the only two things you have to understand.

My stop orders are orders to protect my profits or to lock in book losses when an entry turns against me. It's part of my MM&RM since I use no SL and TP.
  • #887
  • Jun 2, 2020 9:11am Jun 2, 2020 9:11am
Quoting flowchi
{quote} The limit orders are my "confirmation" entries, if price forms new supply/demand level and rushes away I place a limit order to get in at pullbacks/retracements. That's when price breaks through a level as you can see on GBPJPY. Setup 1 to learn. Setup 2 to learn is when price reverses at a level as you can see on EURCAD. That's the only two things you have to understand. My stop orders are orders to protect my profits or to lock in book losses when an entry turns against me. It's part of my MM&RM since I use no SL and TP.
Interesting. so your basically always in the market.
  • #888
  • Jun 2, 2020 9:44am Jun 2, 2020 9:44am
Quoting flowchi
{quote} The limit orders are my "confirmation" entries, if price forms new supply/demand level and rushes away I place a limit order to get in at pullbacks/retracements. That's when price breaks through a level as you can see on GBPJPY. Setup 1 to learn. Setup 2 to learn is when price reverses at a level as you can see on EURCAD. That's the only two things you have to understand. My stop orders are orders to protect my profits or to lock in book losses when an entry turns against me. It's part of my MM&RM since I use no SL and TP.
I like this way of thinking.

What if in your EURCAD chart the sell limit gets triggered and the market goes all the way up and triggers the buy stop, how would you handle that?
Close both positions in the middle?
  • #889
  • Edited 10:35am Jun 2, 2020 10:08am | Edited 10:35am
I use some ideas out of this thread: https://www.forexfactory.com/showthread.php?t=70464

I try to build longer term positions since H4 is my preferred entry timeframe.
I use little to no leverage to maintain good health of free margin.

So if we are trading S&D levels, with the mindset of the banks of unfilled orders at certain prices, you also have to think about how a bank trades currencies.

A bank does not trade CFDs, they trade one against another currency and fill up their stock at certain prices or sell it.
So they are kind of also always in the market, because ie they bought EUR and paid CAD at certain price for it and now they buy CAD at a certain price and sell EUR.

I tried to get in at GBPJPY on several occasions but price never came back to a level where I was ok to buy it...
  • #890
  • Jun 3, 2020 11:00am Jun 3, 2020 11:00am
Hello,
can you explain me please, why this are not good zones??
I have more loss the last days, but here i think are perfekt zones… supply and demand with good Price Action are available!

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and chfjpy
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I dont can understand how is possible 90%hitrate, is impossible... inconceivably
  • #891
  • Jun 3, 2020 12:03pm Jun 3, 2020 12:03pm
Quoting Callidor
Hello, can you explain me please, why this are not good zones?? I have more loss the last days, but here i think are perfekt zones… supply and demand with good Price Action are available! {image} {image} and chfjpy {image} {image} I dont can understand how is possible 90%hitrate, is impossible... inconceivably
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Price is in an uptrend in the daily, you shouldn't be trading counter trend zones if you're still new in supply and demand

But this is how I draw my zones tho, a zone must break a trendline or take out an opposing zone to be qualified as a zone or in rare cases where there are no opposing zone to take out or trend line to break then I look for a 3x or 4x move away from the zone
  • #892
  • Edited 1:33am Jun 4, 2020 1:23am | Edited 1:33am
Quoting Callidor
Hello, can you explain me please, why this are not good zones?? I have more loss the last days, but here i think are perfekt zones… supply and demand with good Price Action are available! {image} {image} and chfjpy {image} {image} I dont can understand how is possible 90%hitrate, is impossible... inconceivably
I had the same problem in the beginning, when trading S&D.

It helped me a lot to identify the trend as first step. Uptrend/Downtrend/Range

You tried to sell in an ongoing uptrend, but the supply levels have not been respected and have been taken out.
As I stated in one of my last posts, if price is in an obvious trend I try to enter it with limit orders on pullbacks/retracements.

Maybe it helps you to try to identify "stronger" S&D levels on higher timeframes.

Especially on your first chart EURUSD Daily. The zone you have marked was not fresh so all the sell orders have been eaten up already. Just look a little to the left how much business was going on at this price level on its first way down.

Hope this helps.

My understanding for S&D grew a lot after watching hours and hours of Sam Seiden's Youtube videos.
Whatever this guy did business wise to his customers/clients is none of my business, but his explanations how to identify and trade S&D levels makes a lot of sense to me.
  • #893
  • Jun 4, 2020 3:20am Jun 4, 2020 3:20am
Thanks for the answers. Im still learning this setup.
  • #894
  • Jun 4, 2020 8:53am Jun 4, 2020 8:53am
Quoting flowchi
The only two types of setups which you have to learn with Supply & Demand trading. {image} {image}
hi flowchi,
depending on your trading style and being cautious and preventive, this can be very useful (using STOP-ORDERS). i "designed" something that adapt to my trading style could works well.
I am doing my tests on live (ONLY WITH A SMALL PORTION OF EACH OPERATION).
I am using it ONLY to rescue an operation (NOW A PART OF IT), not all operations, only those that can be rescued with minimal risk (more confidence).
In my case I do use SL in a ... different way.
At the moment, for today, I have had 3 losing trades: 1 it was not convenient to rescue him, but the other 2 I have rescued in a quite "easy" way.
I will spend more practice and time on this, it can be really useful.
Thank you.
regards

Edit: @newbie sorry to hinder your thread, thank you very much for sharing your experience, keep it.
Newbie trader
  • #895
  • Jun 5, 2020 2:10am Jun 5, 2020 2:10am
What is the real objective of this thread. Day 2 day, we just post images with NO explanation or trade procedure. R we here just to show-off our charts or what. I have been in this thread over 4 months not even 1 idea has been passed here. Or is there a hidden agenda
  • #896
  • Jun 5, 2020 4:10am Jun 5, 2020 4:10am
Quoting klord
What is the real objective of this thread. Day 2 day, we just post images with NO explanation or trade procedure. R we here just to show-off our charts or what. I have been in this thread over 4 months not even 1 idea has been passed here. Or is there a hidden agenda
No offense, but who is "we", I never saw a chart of you.

You could make a start like Callidor, post a chart with your analysis and then we can exchange our views and learn from each other...

Also, there are so much hints, tips and tricks presented in this thread and charts of different people if you read carefully and think about it, you can make your way.
  • #897
  • Jun 5, 2020 6:07am Jun 5, 2020 6:07am
Quoting klord
What is the real objective of this thread. Day 2 day, we just post images with NO explanation or trade procedure. R we here just to show-off our charts or what. I have been in this thread over 4 months not even 1 idea has been passed here. Or is there a hidden agenda
Hi lord,
may be the forex will come to you working, not from others ...
you always receive more and better when it is given first ...
they are things that happen as in life ...

regards
Newbie trader
  • #898
  • Jun 5, 2020 7:51am Jun 5, 2020 7:51am
Quoting klord
What is the real objective of this thread. Day 2 day, we just post images with NO explanation or trade procedure. R we here just to show-off our charts or what. I have been in this thread over 4 months not even 1 idea has been passed here. Or is there a hidden agenda
Supply and Demand and price action, whats so hard to understand about the thread. There were other threads that were more oriented towards education like "Price is everything" thread and " B.S trading with kenneth lee" threads and they also have pdfs you can checkout.
  • #899
  • Jun 5, 2020 8:00am Jun 5, 2020 8:00am
Update on EURCAD and GBPJPY.

In hindsight trade management of EURCAD was not ideal, I have to work on that.
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  • #900
  • Edited 9:06am Jun 5, 2020 8:48am | Edited 9:06am
Aussie short off 1 hour supply engulfing structure off of the 1 min chart.

Hopefully reaches lower demand levels. ill take half my position if it can reach the first demand level.
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