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Trading Supply & Demand Zones

  • #81
  • Sep 16, 2010 2:32am Sep 16, 2010 2:32am
After good upward momentum in the last two days, GU trickled back with a small overnight pull-back. The question, was, "how far would the pullback go"?

Keeping a close eye on previous demand zones, the one seen on the 5 min chart below proved to a be a good entry point.

There was no guarantee of it working out, but the risk was very small so for me, it was worth the investment.

If you open a 5 min chart and scroll back, you'll notice that the same level had been a supply zone on Tuesday.

Rob
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 5 min - 16 Sept 2010.jpg Size: 154 KB
  • #82
  • Sep 16, 2010 4:07am Sep 16, 2010 4:07am
Below was the 2nd opportunity (that I saw) to go long off a previous demand zone, with the added comfort of a pierced lower Bollinger Band on the 1hr chart.

Rob
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 15 Min - 16 Sept 1020.jpg Size: 71 KB
  • #83
  • Sep 16, 2010 5:10am Sep 16, 2010 5:10am
Quoting priceaction
Below was the 2nd opportunity (that I saw) to go long off a previous demand zone, with the added comfort of a pierced lower Bollinger Band on the 1hr chart.

Rob
I caught that one too Rob as an intraday trade.

It was aggressive but with a weak DIX, EU rallying and GU starting an uptrend, a strong move into the demand area and like you say a BB piercing, it was a good intraday opportunity!

I like the "On Sale" badge

I really like your charts. Very clear, concise and informative. Great work matey
  • #84
  • Sep 16, 2010 5:17am Sep 16, 2010 5:17am
Quoting bbakker
Just be wary that the BoJ have intervened and will continue to do so -
http://www.marketwatch.com/story/yen...ket-2010-09-14

I'm filling my boots on EU and GU today trading of the lower timeframes... GU has broken yesterday's high but EU is being stubborn with a uTL on d1. But hey trendlines are there to be broken...

After yesterday's moves, I am bullish on EU, GU and AU. I am certainly not looking at any swing trades on the Yen pairs, but I will trend trade and get in on pullbacks after last night's...
Rumour is that BoJ will have further intervention, so becareful on those shorts people. I just missed a retrace of UJ to go long by 6 pips... lol. Never mind. I am not looking to short UJ until the 88 area!

Wish you success with your trading!
  • #85
  • Sep 16, 2010 6:08am Sep 16, 2010 6:08am
Quoting bbakker
I caught that one too Rob as an intraday trade.

It was aggressive but with a weak DIX, EU rallying and GU starting an uptrend, a strong move into the demand area and like you say a BB piercing, it was a good intraday opportunity!

I like the "On Sale" badge

I really like your charts. Very clear, concise and informative. Great work matey
- yes it was aggressive Brian, but as you know as well as I, low risk and look at the reward! currently up 65 pips.
Taken some off and will allow the rest to play out at BE as I'm heading out for the day (and I haven't signed up for the iPhone trading app ...YET)

Enjoy that seminar with Sam Seiden tomorrow mate!

Trade safe all!
Rob
  • #86
  • Sep 17, 2010 5:36am Sep 17, 2010 5:36am
It's not in the thread title but 'price action' is an integral part of trading, at and between, supply and demand zones.

Watch this 33 min Sam Seiden video on price action.

Rob
  • #87
  • Sep 17, 2010 7:23am Sep 17, 2010 7:23am
Let's watch how the scenario below plays out.
7 mins to Core CPI m/m news.

Rob
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 30 Min - 17 Sept 2010.jpg Size: 167 KB
  • #88
  • Sep 18, 2010 6:11am Sep 18, 2010 6:11am
Thank you very much for sharing Rob.

I have learned a lot this week.

  • #89
  • Sep 18, 2010 4:20pm Sep 18, 2010 4:20pm
Quoting priceaction
Let's watch how the scenario below plays out.
7 mins to Core CPI m/m news.

Rob
Interesting stuff ,next week will try to check the thread more
Keep the good work bro

Do u agree :
"PA Moves impulsively Higher" ?
  • #90
  • Sep 19, 2010 12:47pm Sep 19, 2010 12:47pm
Hey, great thread! Wish I had found it sooner.
  • #91
  • Edited 5:45pm Sep 19, 2010 1:20pm | Edited 5:45pm
It is that time again to start looking for those professional or novice gaps once the market opens. Check out Sam's webinar posted in the thread by Rob. My GBPAUD didn't quite go to plan!

http://www.forexfactory.com/showthre...55#post4016455

Just checked and it just went over my SL by 20 pips and then went on to hit my 1st target... lol! Oh well.... sheeet happens! Let's hope the market behaves better this week!

EDIT: Nothing, zilch, nada this week on the opening.

Wish you success with your trading people!
  • #92
  • Sep 19, 2010 5:47pm Sep 19, 2010 5:47pm
Quoting egkid
Interesting stuff ,next week will try to check the thread more
Keep the good work bro

Do u agree :
"PA Moves impulsively Higher" ?
In what context egkid?
  • #93
  • Edited 2:02am Sep 20, 2010 1:50am | Edited 2:02am
Quoting priceaction
Let's watch how the scenario below plays out.
7 mins to Core CPI m/m news.

Rob
Whilst it took a while to see any real direction, the original demand zone identified for Friday has proven itself as a good entry point.

I don't really use fibs but notice how the last series of pull backs on the 4hr chart have been reaching the 61.8 region.

I viewed the combination of Thursday's hanging man and Friday's pin as a 2 day doji which moved about 3 pips from open to close over the 2 days and was expressing a resting period in the recent strong upward momentum.

Rob
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 30 Min - 20 Sept 2010.jpg Size: 163 KB
Attached Image
  • #94
  • Edited 9:32am Sep 20, 2010 9:21am | Edited 9:32am
EURUSD revisits demand

EDIT: To clarify ...we don't know that the area marked with a green rectangle is a demand zone until the breakout and move up has occurred. So we could use that PROVEN knowledge to then make a high odds trade by buying in that area upon the 1st revisit to the zone.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD - 30 Min 20 sept 2010.jpg Size: 323 KB
  • #95
  • Sep 20, 2010 9:23am Sep 20, 2010 9:23am
GBPUSD revisits a vague demand zone for a 2nd time but price action confirmed.

Rob
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 15 Min 20 Sept 2010.jpg Size: 125 KB
  • #96
  • Sep 20, 2010 9:52am Sep 20, 2010 9:52am
When you miss an entry at a supply or demand zone, if there is some good distance between the entry point and the next zone to watch out for, you could consider using Sho's method using 15 min charts which is explained in his two threads here.

The intro to his method is here

Rob
  • #97
  • Sep 20, 2010 10:05am Sep 20, 2010 10:05am
Good to see a thread on Seiden's work. Seiden uses a set of core principles for identifying supply and demand zones. He himself does not use bollinger bands although he has taught how they and other indi's can be used with his levels. However his principles: odds enhancers, are key to his entry levels. Have you considered these?
  • #98
  • Sep 20, 2010 10:19am Sep 20, 2010 10:19am
Quoting Porkpie
Good to see a thread on Seiden's work. Seiden uses a set of core principles for identifying supply and demand zones. He himself does not use bollinger bands although he has taught how they and other indi's can be used with his levels. However his principles: odds enhancers, are key to his entry levels. Have you considered these?
PP ...Good to see you drop by.

I only discovered Sam Seiden's material a few months ago so I'm still learning.

Do you mean odds enhancers he refers to such as Climactic Reversals or "Best Entries Can Be When It Looks Really Bad"?

Would love to hear any advice you can share.

Rob
  • #99
  • Sep 20, 2010 10:30am Sep 20, 2010 10:30am
Hi Rob,

Seiden uses a set of six odds enhancers that he uses to identify supply and demand levels. He doesn't give them all away in his free webinars because he has paying clients through OTA that he teaches. I cannot produce them here for breach of copyright. However, if you do a search on google you will easily find them.
  • #100
  • Sep 20, 2010 12:40pm Sep 20, 2010 12:40pm
Quoting priceaction
GBPUSD revisits a vague demand zone for a 2nd time but price action confirmed.

Rob
Answer to you question on the chart, YES in my View, Watch 4H Chart
LV your work bro
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