Supply and Demand Trading Using Automated Indicator

Hello Guys.....I am back !!

Where is everyone ?

I have been using the Sup_Dem indicator from George for a long time now.
Does anyone need help regarding the way forward.

If so then leave a open reply so that everyone can learn.
No rubbish please.
No time wasters.
If You you scroll back to earlier posts you will see was how active I have been.

Happy green pips

Welcome back Sole! I was actually just wondering where everyone went, and then i scrolled down and saw your post. Great timing haha ... Is it okay for you to please view my post (#1405 on this thread), and please let me know your opinion on why this trade didnt work out and some things i should consider before taking my next trade? I am hoping to start the mentorship in September, but in the meantime I would appreciate it if I can post my trades here and get some feedback so when I go into the mentorship program I have some knowledge to work from instead of being completely wet behind the ears (i'm trying not to be that annoying aggravating student lol). Anyways, thanks in advance, its good to have you back, and hope your weekend is off to a good start.

Hi Great to hear from you.
There is a lot too learn. But it just takes time.
I can only give you my honest opinion and that is the indicator is very very useful.
I have been in this game for a very long time and this indicator is the best (If you use it correctly) !

Most of the hard work is about yourself and what you are looking for.
Sounds a bit naff but believe me that is 95% of what you need to work on.

More of that later..........
A few tips if I may.
(1) Work only one time frame and perfect your trades using this one time frame.
(2) Always enter the market and exit the market on this one time frame .
(3) Do not be tempted to keep switching between different times frames.

Over many years I have settled on only using the H4 time frame as it gives me time to think about the bias of the current market.
I only use a certain number of pairs never less and never any more than the ones I have chosen.

How is that for starters ?
That reminds me her indoors has just told me it's tea time.
Will be back in about 1 hour.

BTW I am based in the UK on the outskirts of London in ESSEX.
Where are you located ?

I will post my current XAUUSD (Gold Chart) for you to take a look at.
Feel free to ask any questions.

I am located on the west coast of the US, about 80 kilometers south of Los Angeles. Our timezone is GMT -07:00. Sometimes I wonder if being in this timezone is a disadvantage because I am 3 hours behind the opening of NY and the London session starts up at 2300 local time, and usually because of my current job im fast asleep at that time, unable to look at the charts. It seems like whenever I am able to look at the charts (usually around 0800 local time, or 1000 local time), all the major moves have happened. The daily candles close here at 1400. Anyways, ive been kicking around the idea that I need to wake up around 0545 to check the market, but im not a morning person by any means. However it's come to the point where im wondering if that would make a difference in my trading or not. Yesterday for example I started up MT5 around 1000 local time with the alerts on and everything, and I went hours without getting a single alert. It was maybe 30 minutes until 1400 that I got a few M15 and M30 alerts, but they were going in the opposite directions of the trendline, plus the spreads get crazy and the market is closed from 1400-1500 here, so it seems pointless to get in on M15's and M30's at that time. What are your thoughts on the topic of checking the market at London and NY opening compared to trading say around 1000 GMT -0700? I dont have much experience in that realm because i was just using the daily for years, and that meant entering trades around 1500 (GMT -07:00)...

I too feel comfortable with the idea of H4 being the timeframe I prefer. I have been using D1 for most of my trading, but ive found that it can take a while for D1 trades to play out sometimes as compared to H4. Up until now ive been concretely fixated on the idea that D1 is the most "consistent" of all timeframes, and that is the timeframe that the institutions use etc etc. However, after discovering this indicator, and looking at all the screenshots from this thread, as well as watching all the "trade like me" videos, ive been entertaining the idea that maybe its possible to be profitable on H4, and obviously lower as demonstrated by the screenshots and videos connected to this thread/indicator. I cant say im entirely comfortable with the idea of dropping to lower timeframes, but that's just a personal superstition I need to work on.

Your tips are very unique, because all over ive seen other tips that say you should check your target timeframe and then go two timeframes higher to look for confluence. I also check all the currency pairs that are available to me, I dont really have any favorites or distaste for any pair over another.

Anyways, I look forward to more of your thoughts, and any insight you can provide.

No problem happy to help.
Server is playing silly buggers at the moment.
So Gold chart will follow shortly and let the fun begin.
Few more minutes to get the damm thing to boot correctly.

Right on, ill be here refreshing and waiting.

Sorry about that. The server is being veryy naughty tonight.
So we will have to work with this one chart for the time being.
But we can learn quite a lot from this one.

So I still have server problems.
Not easily sorted . will look at it when markets close.
Gold is my favourite market to trade and the indicator plays a big part in the gold trades.
Do you trade the Gold and if so what are your results ?

I do not trade gold, and have not traded gold in quite some time. I never had good luck with it, and have not even looked at the XAU chart since I got the indicator (some 2 or 3 three weeks ago now, time flies...) ... I will open up the gold chart on my MT5 though. Now, with the HPZ indicator, maybe its time for me to let go of my aurophobia ...

Understood.
I find Gold to be very profitable.
For me it's just another market pair XAUUSD to trade.
The chart is poor quality unfortunately but if you look at it you should find the wining trades out of the demand zones.
Another tip for you ;-
If possible change the number of History Candles in the indicator.
I have mine setup for 1000 candles (Max. Limit)
I have found this to be very useful on all of the pairs that I trade.

I have found the best way to trade the market is to build up confidence on small 1 to 1 trades first and then to go for the extended trades.
This normally results in very good risk reward ratios but still keeping the same stop size as you stared with as if you were just trading 1 to 1.
Another very useful tip for you is to learn how to add a trailing stop to your trade.
I do not use a TP because that limits your upside. In fact it is stupid to have a TP because you or I or any other trader has no idea how far the current trade will run.
Hopefully you get what I am trying to say.
We are all taught to have a TP but that is a load of rubbish.
Just think about for a minute you enter the market and set a TP. What happens if the market then takes off !! after your silly TP has been hit.

Okay. I opened up a random chart (AUDJPY), and the indicator settings had the candles set at 150... I have changed the limit now to 1000. What exactly does this change do? Again, thank you for the time you have taken to impart this knowledge on me.

Well I find it helps when looking back at some of the previous trades. You can go back a little further that your default settings allow you to.
For example on the Gold chart I posted (H4 Chart) I can go back several months and the Demand zones reveal more trading opportunities that were taken.

Unless you record your zones and trades then you will be at a disadvantage. So I think it is a good move.
It's just one of the many things that I find helpful to use.

Makes sense, I will implement this setting modification into the indicator from here on.

Have a think about it.
Also experiment with not using a fixed TP. Instead use a Trailing SL and you will be amazed on how much more rewarding your trades will be.

I have developed a very unique way of trailing the SL which has increased my profits big time.
You just have to think outside of the box and never follow the herd because 95% of them NEVER make any profits and if they do then they give it all back to market and some more.
This is all about thinking differently to the norm.
Have you got any comments before I close for the evening.

I am NOT selling anything just wanted to pass on some useful tips that might start you in the right direction .

I have no comments, all I have is gratitude. I have been reviewing the charts with the history setting changed from 150 to 1000 and I see the difference on the zones. Some are now visibly nested in higher timeframe zones that I did not know were nested in higher timeframe zones before, so I can see it will definitely make a big difference when deciding on which zones to focus on or not. Again, thank you. As for the trailing the stop, yes it makes logical sense to me. Thank you for the tips, I look forward to more insights from you in the future, have a great night.

I am glad you are interested in what's just around the corner.
There is plenty more to come.
Take care my friend.

Now let's get back to fixing the server.

It looks like the text I added to this chart never got posted.
So here goes :-
This is the S&P Cash Index on H4. I trade several pairs on the FX, plus Gold and some indexes.
I trade out of the zones using George's great indicator.

I only ever trade the H4 charts in order to understand the market bias.
More information to follow later ....

There are rules to be mastered in this game.

Rule number 1.
We must learn to be account managers first and traders second.

Rule number 2
Do not forget the rules above !!

If you do not look after your account then eventually you will blow it away.
If you blow your account away then how are you going to trade ?

So keep risks low and aim for good risk reward return and so by doing this you will be able to continue your trading both emotionally and keep it funded.
I have studied many good traders in my time and they all stick to the rules.
Later using only this one indicator for a reference I will explain how I increase my risk reward ratio in a very safe way.

Learn to accept the risk and do not deviate because if you are tempted to do this then trading is not your best bet.
Maybe stacking shelves on local supermarket would be more profitable.
Enough said.

I have only posted 2 charts and that is all we need in order to get started.

All feedback is most welcome.
Regards,

... Soletrader, if I may ask: what are your settings for: "Supply MTF Zones Number" and "Demand MTF Zones Number" ? And why did you pick these settings?

Sorry for the delay.

But as you know there is a time difference and I am also busy do other things.
In answer to your question I do not actually use these inputs anymore.

I did use them in the past to but now I like to keep my charts as clean as possible.
I find trading on the H4 charts with just the Supply and Demand zones displayed and looking at Price Action is all I need.

Lots of traders make a huge mistake by having their charts populated with too many additional indicators.
The result it makes it very difficult to actually see what the market is doing.
But when I did use them in the past they would have been set for minimal input levels.

One very important rule I have learnt is to concentrate on market exit rather than market entry .
The reason being is because the one thing that will determine your profit result is when and where you will exit the market and when to close the trade.

More on this at a later date.
Happy trading.