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Trading Supply & Demand Zones

  • #41
  • Sep 14, 2010 3:00am Sep 14, 2010 3:00am
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
Well done mate.

  • #42
  • Sep 14, 2010 3:01am Sep 14, 2010 3:01am
Below are links to 23 Sam Seiden Webinars. I have learned more about supply and demand from this guy than from anyone, and the more I've studied his webinars and papers, the more I've learned. Those familiar with his teachings will know that regardless of the title, the core of his lessons are based upon supply and demand...and isn't that the basis for every market in the world? Whether it's software, stocks, apples and oranges, houses, cars or forex.

Identifying High Probability Turning Points

Breakout Trading in Forex, a Low Risk High Reward Strategy

Trading CME Forex Futures

Forex Swing Trading With Supply and Demand Analysis

Currency trading with Forex Futures

Supply, Demand and Bollinger Bands

Live Trading and Analysis

Identifying Swing Trading Opportunities in the Forex Market

An Important Rule To Consider When Scanning For Trading Opportunities In Forex

Rule based trading for short and longer term Forex traders

Multiple Time Frame Analysis

Low Risk Breakout Trading in Forex

Rule Based Short Term Trading In Forex

Trade What Is Real, Not What You Feel: Quantifying Supply (resistance) and Demand (support) In The Forex Markets

Conventional Chart Patterns and Forex

Short term Forex Trading Strategies, Breakouts and Reversals

MONTHLY WEBINAR: Understanding The Creation Of Candles In Forex Trading

Capture reversal points with the use of indicators and oscillators

Forex Swing Trading, Low Risk / High Reward Trading

Understanding The Exact Process Behind The Movement In Price

Using CCI and Stochastics For Long and Short Term Forex Trading

Multiple Low Risk Forex Entries With Support and Resistance

Supply and Demand Trading with Mechanical Indicators and Oscillators in the Forex Markets

Enjoy!
Rob
  • #43
  • Sep 14, 2010 3:13am Sep 14, 2010 3:13am
Quoting priceaction
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.
Not losing sight of the bigger picture in yesterday's post, look at how price just reacted to a previous supply zone, when overbought on a 5 minute chart.

For some context, I've also included yesterday's 4hr chart below.
Rob
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSD 5 min - 14 Sept 2010.jpg Size: 54 KB
Click to Enlarge Name: AUDUSD 4hr - 13 Sept 2010.jpg Size: 87 KB
  • #44
  • Sep 14, 2010 3:16am Sep 14, 2010 3:16am
I am in on the AUDUSD. I have been watching this bugger for a while. I have a gap with Sunfays open that I am thinking this will fill. That next supply level higher up will be interesting to watch as well.

Rufus
Attached Image (click to enlarge)
Click to Enlarge Name: 9.13auday.jpg Size: 109 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #45
  • Sep 14, 2010 3:24am Sep 14, 2010 3:24am
Quoting priceaction
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
Yesterday's CADJPY short is moving well but look at the weekly chart.
This might offer a very good long opportunity at some stage.

Rob
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY wkly 14 Sept 2010.jpg Size: 110 KB
  • #46
  • Sep 14, 2010 3:35am Sep 14, 2010 3:35am
Closed half @ 1.54 & other half stopped out @ BE because Oanda widens the spread to 20 :O


however, next!
Never whishing, always trading.
  • #47
  • Sep 14, 2010 4:15am Sep 14, 2010 4:15am
...so I am posting my EU chart

Attached Image (click to enlarge)
Click to Enlarge Name: 100914_eu_h4.PNG Size: 43 KB


You can also see my TP targets on this one! 3rd runner will be trailing stop as always! I created the order last night, but didn't post it on here as I went to bed at a reasonable time... with 2 young girls who like to get up at 6am, I try to go to bed early...ish

There is demand around the 1.2850 area which I did not mark off! My demand lines at the bottom of the chart also need tweaking... chart, work, work, charts, sometimes I don't update the lines on my chart before I post them... I need to double check them before I do next time... LOL

DIX also hit a demand area which ties in nicely with the short!

Attached Image


Wishing you all success with your trading!
  • #48
  • Sep 14, 2010 4:18am Sep 14, 2010 4:18am
I'm short too @ 1.2884 H1 Insidebar break to the downside @ Supply zone.
Never whishing, always trading.
  • #49
  • Sep 14, 2010 4:25am Sep 14, 2010 4:25am
Quoting Hova
I'm short too @ 1.2884 H1 Insidebar break to the downside @ Supply zone.
Das ist sooo schön gemacht

Ich habe zwei Jahren in Essen gewohnt, deswegen kann ich Deutsch sprechen.

I will keep it to English in future though
  • #50
  • Sep 14, 2010 4:27am Sep 14, 2010 4:27am
Quoting Hova
I'm short too @ 1.2884 H1 Insidebar break to the downside @ Supply zone.
Testing that demand zone now... let's hope she break to the downside

...und tschüss... and gone... well just about... LOL

Still waiting for AUDUSD to fill... I will sit and wait patiently to hit my sell order. If I miss it, I miss it... plenty of opportunities will come.

GBPAUD is also inching up again... was my SL too tight below the demand zone... Remember, you can probably learn more from your failed trades as you can from your successful trades!

Right... I have some work to do... LOL. Wish you all a great day trading. Over and out!
  • #51
  • Sep 14, 2010 4:29am Sep 14, 2010 4:29am
H4 is about to show an outsidebar

trade is BE now
Never whishing, always trading.
  • #52
  • Sep 14, 2010 4:36am Sep 14, 2010 4:36am
Quoting bbakker
...so I am posting my EU chart

Attachment

You can also see my TP targets on this one! 3rd runner will be trailing stop as always! I created the order last night, but didn't post it on here as I went to bed at a reasonable time... with 2 young girls who like to get up at 6am, I try to go to bed early...ish

There is demand around the 1.2850 area which I did not mark off! My demand lines at the bottom of the chart also need tweaking... chart, work, work, charts, sometimes I don't update the lines on my chart before I post...
Good entry Brian. I got in slightly lower.
Other than some speed bumps (like the one we just saw off that minor demand zone you pointed out), in the big 4hr picture, we might have a good run down today.

Lot's of movement on lots of pairs' S&D zones in the last 30 mins.

Rob
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 4hr - 14 Sept 2010.jpg Size: 92 KB
  • #53
  • Sep 14, 2010 5:08am Sep 14, 2010 5:08am
Quoting priceaction
Good entry Brian. I got in slightly lower.
Other than some speed bumps (like the one we just saw off that minor demand zone you pointed out), in the big 4hr picture, we might have a good run down today.

Lot's of movement on lots of pairs' S&D zones in the last 30 mins.

Rob
I posted my chart from Windsor Brokers which I use for my execution, but I hate their platform because the 4hr candle starts at 10pm on Sunday and doesn't change, so that a new 4hr candle is created at 6am, 10am , etc...

I use FXCM for my analysis although it is a demo account. They keep ringing me up to sign up and I will. At least their 4hr candle starts at 8am and matches London Open. This is where the majority of currency trading takes place and hence it is preferable to match my charts with the charts of those from the big boys! TradeStation also start their candles at 8am and it is a platform that I am looking into, although NinjaTrader might be another one... a discussion for another thread

The 4hr candlesticks are SO different it does make a HUGE difference as to where the demand and supply zones are!

So I have revised my TP targets based on the FXCM chart!

TP1: 1.2820
TP2: 1.2720
TP3: Trailing stop

So from now on I will post FXCM charts, but you won't see my actual trades on it... you will just have to believe me

Although saying that I could do the same trade on the demo account so that you can visibly see my entry and targets! Means double entry for me though... LOL!

Right... I must really do some work now!
  • #54
  • Sep 14, 2010 8:51am Sep 14, 2010 8:51am
This USD/CHF thing was really good looking, however, next plz

edit: EU short stopped out @ BE
Attached Image (click to enlarge)
Click to Enlarge Name: uchfh4.jpg Size: 149 KB
Never whishing, always trading.
  • #55
  • Sep 14, 2010 9:45am Sep 14, 2010 9:45am
Quoting bbakker
Testing that demand zone now... let's hope she break to the downside

...und tschüss... and gone... well just about... LOL

Still waiting for AUDUSD to fill... I will sit and wait patiently to hit my sell order. If I miss it, I miss it... plenty of opportunities will come.

GBPAUD is also inching up again... was my SL too tight below the demand zone... Remember, you can probably learn more from your failed trades as you can from your successful trades!

Right... I have some work to do... LOL. Wish you all a great day trading. Over...
Mmmm... I also got stopped out on EU, but my AU order has kicked in! Gold has reached new heights.
  • #56
  • Sep 14, 2010 9:56am Sep 14, 2010 9:56am
Look at GBPUSD 4hr. It's into a previous supply zone and about 30 pips outside the upper BB.
  • #57
  • Sep 14, 2010 10:08am Sep 14, 2010 10:08am
Quoting priceaction
Look at GBPUSD 4hr. It's into a previous supply zone and about 30 pips outside the upper BB.
I am short on GU. AU hit my SL... 3 trades, 3 losses. It happens! Commodities are sending the $ down. It has broken through DIX demand area. Not a good day, but then again you get your good days and bad days! One has to take the rough with the smooth!
  • #58
  • Sep 14, 2010 1:17pm Sep 14, 2010 1:17pm
Thanks for starting the thread Rob.

I will contribute as and when setups come around.

Cheers

Nick
  • #59
  • Sep 14, 2010 3:00pm Sep 14, 2010 3:00pm
Quoting bbakker
I am short on GU. AU hit my SL... 3 trades, 3 losses. It happens! Commodities are sending the $ down. It has broken through DIX demand area. Not a good day, but then again you get your good days and bad days! One has to take the rough with the smooth!
Well... not a good day for my swing trades today. LOL! EU was close to hitting TP1, but fell shy, turned around and hit my SL. The others had no chance!

So I am bearish on $ now and look to see DIX go to 80.50. I will be looking to go long now on AU on some pullbacks as it has room to the upside before the next major supply level. Same goes for most $ pairs.

Tomorrow is another day. 4% down this week so far.. what a great week! LOL! In this game you have to learn to take the rough with the smooth! No point crying over spilt milk.
  • #60
  • Sep 14, 2010 6:48pm Sep 14, 2010 6:48pm
Hey Rob,

Strong work my friend. I hope every trader realizes the knowledge base you are providing here.

I have subscribed and will be a regular visitor to soak up as much as I can.

Kurt
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