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Trading Supply & Demand Zones

  • #21
  • Sep 13, 2010 4:00am Sep 13, 2010 4:00am
Quoting bbakker
Hi Rob,

Nice to see you, to see you nice! Hopefully I can contribute in a positive way to your thread.

I mainly trade GU and EU, but I also swing trade most other pairs if an opportunity arises. UJ is of interest for a long position, but I am still sitting on my hands for now.

Here is my swing trade view on GU based on h4 which I already posted to the cable thread -

Attachment

I have marked off my supply and demand zones.

Black zones are confirmation zones only
Green zone will be my long swing opportunity
Red...
Brian,

I also have your swing trade level marked on my chart. If price breaks down through the demand zone at 1.53, that area you've marked would be in my sights too.

Rob
  • #22
  • Sep 13, 2010 4:56am Sep 13, 2010 4:56am
Here's a link to an excellent SFO Magazine article, which in my opinion, is the best description of supply and demand that I have read.

"Focus on True Supply and Demand ...And Better Your Odds for Low-Risk Entries"
by Sam Seiden.

Very helpful to anyone trying to gain a better understanding of supply and demand.

Rob
  • #23
  • Sep 13, 2010 5:02am Sep 13, 2010 5:02am
Still short @ GU rob ? I missed H1 Inside Bar break to the downside

1st target would be ~ 1.5360 i think
Never whishing, always trading.
  • #24
  • Sep 13, 2010 5:05am Sep 13, 2010 5:05am
Quoting Hova
Still short @ GU rob ? I missed H1 Inside Bar break to the downside :
Yes Dennis, comfortably short with what is now a risk-free trade.
  • #25
  • Sep 13, 2010 5:06am Sep 13, 2010 5:06am
Well, eventually GU came down.

I did all my entries on 5 min chart.

Thanks Rob.

  • #26
  • Sep 13, 2010 5:06am Sep 13, 2010 5:06am
What was your initial SL on the M15 Doji ?
Never whishing, always trading.
  • #27
  • Sep 13, 2010 5:09am Sep 13, 2010 5:09am
Quoting Hova
What was your initial SL on the M15 Doji ?
I didn't trade off the doji as I had already entered, but I gave myself 20 pips breathing space which was sufficient on this occasion.
  • #28
  • Sep 13, 2010 5:41am Sep 13, 2010 5:41am
missing clearly simlpe setups like this is disturbing ~.~
Attached Image (click to enlarge)
Click to Enlarge Name: guh1.jpg Size: 127 KB
Never whishing, always trading.
  • #29
  • Sep 13, 2010 5:52am Sep 13, 2010 5:52am
Quoting Hova
missing clearly simlpe setups like this is disturbing ~.~
Don't let it bother you Dennis. There are thousands of opportunities laying ahead of us this year.
We might not make profit from the opportunities that we miss, but we can certainly learn from them all, and that in itself is valuable.

Rob
  • #30
  • Sep 13, 2010 5:57am Sep 13, 2010 5:57am
Quoting priceaction
Don't let it bother you Dennis. There are thousands of opportunities laying ahead of us this year.
We might not make profit from the opportunities that we miss, but we can certainly learn from them all, and that in itself is valuable.

Rob
your right, nice to see it working still short USD/CHF tho
Never whishing, always trading.
  • #31
  • Sep 13, 2010 7:08am Sep 13, 2010 7:08am
Quoting trade price
Afternoon all

Rob!!
nice to see, you opened a Thread.

good luck with your thread !!!

...Regards....
Good to see you here.

  • #32
  • Sep 13, 2010 7:13am Sep 13, 2010 7:13am
Quoting trade price
Afternoon all

Rob!!
nice to see, you opened a Thread.

good luck with your thread !!!

...Regards....
Sho, thank you my friend.

I would love to see you add some wisdom whenever you feel like.

I hope all's well.
Rob
  • #33
  • Sep 13, 2010 7:42am Sep 13, 2010 7:42am
AUDUSD has been rising steadily and also gapped up slightly at the start of this week.

0.94050 is the high of 2009 and 2010. That's an area where we've seen and imbalance of supply and demand on a number of occasions and we've not seen it broken above in over 2 years.

We can see on the weekly, daily and 4hr charts below that price is flirting with the upper Bollinger Bands as it enters this previous supply region. The last fall from this dizzy height was in April/May of this year.

Price could well break above the 2 yr high, but then again if there is plenty of supply in this region, the 'potential' move down makes this pair's price action, worth keeping a close eye on.

Rob
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSD wkly - 13 Sept 2010.jpg Size: 99 KB
Click to Enlarge Name: AUDUSD daily - 13 Sept 2010.jpg Size: 75 KB
Click to Enlarge Name: AUDUSD 4hr - 13 Sept 2010.jpg Size: 87 KB
  • #34
  • Sep 13, 2010 9:22am Sep 13, 2010 9:22am
I've shorted CADJPY (81.727) which had risen into a previous supply zone and pierced the upper BB on the 30 & 60 min charts. On the 4hr it was close to pinging the upper band.

Pull up a 4hr chart and you'll see there have been some significant sell-offs from this supply zone and of course I've been looking for the possibility of another, if indeed supply still exceeded demand there.

Let's see how it all unfolds.

Rob
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY 30 min - 13 Sept 2010.jpg Size: 157 KB
  • #35
  • Edited 9:44am Sep 13, 2010 9:24am | Edited 9:44am
Be careful with USD/CHF now, its approaching a Demand zone.

I'll close out @ 1.008
Attached Image (click to enlarge)
Click to Enlarge Name: uchfh1.jpg Size: 158 KB
Never whishing, always trading.
  • #36
  • Sep 13, 2010 9:39am Sep 13, 2010 9:39am
Quoting Hova
Be careful with USD/CHF now, its approaching a Demand zone.

I'll close out @ 1,008
Dennis, Great short trade out of supply and pierced BB
  • #37
  • Sep 13, 2010 9:51am Sep 13, 2010 9:51am
Quoting priceaction
Dennis, Great short trade out of supply and pierced BB
Thx I enjoyed the ride.

The hard thing to do is not to do anything and sit on your hands while seeing retracements watching your profit disappear.


edit: euro + uchf @ supply/demand lvls, lets see if we get some action
Never whishing, always trading.
  • #38
  • Sep 13, 2010 5:25pm Sep 13, 2010 5:25pm
I have created a sell order on AUDUSD as follows -

Attached Image (click to enlarge)
Click to Enlarge Name: 100913_au_h4.jpg Size: 135 KB


I only work of h4 and higher timeframes.

I am still hanging in there with my GBPAUD long but I won't be losing any sleep over it. Time for bed!
  • #39
  • Edited 3:34am Sep 14, 2010 2:31am | Edited 3:34am
I recently longed GU on fridays demand zone.
Entry was on M15 close of bullish candle

Freeride now / minor supply zone @ 1.54
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gusnd.jpg Size: 137 KB
Click to Enlarge Name: gusnd_2.jpg Size: 116 KB
Never whishing, always trading.
  • #40
  • Sep 14, 2010 2:58am Sep 14, 2010 2:58am
Quoting Hova
I recently longed GU on fridays demand zone.
Entry was on M15 close of bullish candle

Freeride now / minor supply zone @ 1.54
Nice one

My GBPAUD got stopped out... ho hum, on to the next one! I plan my trade, trade my plan and then stick to my plan.

I also had a short order on EU which I did not post on here. My entry was 1.2905 and SL is 1.2938. I am at work, so I will post the chart when I get back home tonight.

I wish you success with your trading!
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