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Trading Supply & Demand Zones

  • #141
  • Edited 8:01am Sep 24, 2010 7:41am | Edited 8:01am
careful folks, the weekly supply is a very large level, I'd only be looking for the very best smaller time frame levels to go short with a very good risk:reward.
  • #142
  • Sep 24, 2010 7:47am Sep 24, 2010 7:47am
Quoting egkid
Last post for today, I don't think we go under 1.56 it became strong S but let's C
Take a Look on e/u 15 min there is good chance there demand zone soon

(All above just my view and i could b wrong)
Catch u tomorrow
Good move baby+++++
  • #143
  • Sep 24, 2010 7:54am Sep 24, 2010 7:54am
Quoting bbakker


Thank you Porkpie. I must admit my bigger TF analysis is a weakness that was identified when I took the Tharpe Trader Test and I am putting the weekly curve analysis into my trading plan so that I review this first before I looking at the lower timeframes to put a trade on. Bigger timeframe analysis is key for me!

I have a couple of personal questions for you -

1. How long have you been trading using Sam's methods now?
2. Had you been using different trading methods prior to the supply and demand method?
3. If so, how long did it...
Hi BB,

Been trading these levels for about a year now, and before I was trading Ross Hooks (Traders Tricks) which was good for the lower time frames. Again, a trend trading method but with less probability per trade. It was a case of maybe 3 out of 10 trades that hit a decent profit. But thats the beauty of all trend trading methods, testing the market to hit a good runner. Before that I tried fibs and trendlines and all the rest of it. It was very easy for me to trade with Sam's levels as I had previously thrown away all the indicator junk when I moved onto the Joe Ross method.

When I first started using supply and demand levels I drew them up on the 1h and 4H and zoomed into a much lower time frame to wait for a candle pattern or a traders trick entry at that level and I still sometimes do that for a confirmation entry (i.e weaker level), especially at higher time frame turning points. The only problem with that if the level reacts strongly then you increase your risk and reduce your profit potential. But weaker levels usually react more slowly when price returns so you can usually get your lower time frame candle pattern signal within the zone.

Always learning.
  • #144
  • Sep 24, 2010 7:59am Sep 24, 2010 7:59am
Quoting egkid
Good move baby+++++
yup, taking her all the way to 3600 area (into next week)
  • #145
  • Sep 24, 2010 8:11am Sep 24, 2010 8:11am
Quoting bbakker
I just got back and checked MT4 and found that my short order on AU has filled -

Entry: 0.9555
SL: 0.9580
TP1: 0.9475
TP2 and TP3 undecided as yet.

Let's hope I have better luck with this one. It seems every trade that I post on this thread hits my SL, yet the ones I don't post such as my UJ short is going great guns...lol
I hope you got out with some quick profit. Although price broke away from that level quite strongly before we did have price hanging around that level for a few days previously which made it a weaker level. And also the dominant trend prevailed strongly as we are not quite into the weekly supply area just yet.
  • #146
  • Sep 24, 2010 8:40am Sep 24, 2010 8:40am
Quoting Porkpie
...Although price broke away from that level quite strongly before we did have price hanging around that level for a few days previously which made it a weaker level. And also the dominant trend prevailed strongly as we are not quite into the weekly supply area just yet.
agreed Sir, let's always take the trend into consideration.

the $ index is heading towards 79. we still have a few hours left til the week ends, but looks like 80.00 wont hold. terrible for the $, imho
77.00/78.00 seems like the next level.
  • #147
  • Sep 24, 2010 9:11am Sep 24, 2010 9:11am
Daily $index looking very nice for GU short @ 600 area next week and 3700 area EU. Have a good weekend.
  • #148
  • Sep 24, 2010 9:15am Sep 24, 2010 9:15am
Good to see all you guys sharing your views in the thread.

Enjoy the weekend all!

Rob
  • #149
  • Sep 24, 2010 9:25am Sep 24, 2010 9:25am
Quoting Porkpie
Daily $index looking very nice for GU short @ 600 area next week and 3700 area EU. Have a good weekend.
I'm sure u know that but we sometime forget it's human natural
Don't try to catch the top unless u have a plan and know very good what u doing
  • #150
  • Sep 24, 2010 9:29am Sep 24, 2010 9:29am
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" ?
Bro u didn't answer me
Do u agree PA Moves impulsively ?
  • #151
  • Sep 24, 2010 9:36am Sep 24, 2010 9:36am
Quoting Porkpie
I hope you got out with some quick profit. Although price broke away from that level quite strongly before we did have price hanging around that level for a few days previously which made it a weaker level. And also the dominant trend prevailed strongly as we are not quite into the weekly supply area just yet.
I moved it to BE before the news! Have a great weekend and see you soon!

I still have a lot to learn, but they say that Rome wasn't built in a day!
  • #152
  • Sep 24, 2010 9:38am Sep 24, 2010 9:38am
Quoting egkid
Bro u didn't answer me
Do u agree PA Moves impulsively ?
In what context egkid?
  • #153
  • Edited Sep 25, 2010 2:33am Sep 24, 2010 10:38am | Edited Sep 25, 2010 2:33am
Quoting egkid
I'm sure u know that but we sometime forget it's human natural
Don't try to catch the top unless u have a plan and know very good what u doing
hmmm. ok I think I need to explain better. By looking at daily demand/supply on the $ index I can look for potential turning points in relation to lower time frame supply/demand on GU, EU etc. I don't think it is necessary to compare time frame $ index with $ pairings. Trading supply and demand is trading tops an bottoms. Those tops and bottoms could be just corrections. It doesn't matter, its still supply and demand - high probability-low risk. If it doesn't work, I don't care. Most of them will work and my MM will cover my losses. I hope you have managed to take in the Seiden resources -there is a mountain of them but it will shift your thinking greatly.
  • #154
  • Sep 27, 2010 3:27pm Sep 27, 2010 3:27pm
Hi Rob,

Nice thread you have here discussing subtle concepts that always seemed too simple when I was first exposed to them, but now are clearly the way forward as regards "reading" the charts with the bare minimum of indicators attached.

Thanks
,
Alan
bringing order to chaos....
  • #155
  • Sep 28, 2010 2:09am Sep 28, 2010 2:09am
We had some small bounces yesterday off 5785 and then later on at 5811 which were good for small intra day profits. Today, am looking at the 720 area for GU for the next launch long and the 3320 area for euro. If you are trading both at the same time then be careful not over expose your risk due to the $ correlation.
  • #156
  • Sep 28, 2010 2:35am Sep 28, 2010 2:35am
At one point I searched the net for support info on the odds enhancers.

I combined the info found to create:

Description of the probability enhancers
Picture of enhancers 1,2, and 4
Spreadsheet built as shown in material found
(with descriptions in as comments)

All in OpenOffice format. The pictures are clearer than those referred to in the original post. Some may find this useful. Sam's material works well.


.
Attached File(s)
File Type: zip Probability Enhancers.zip   377 KB | 3,757 downloads
  • #157
  • Sep 28, 2010 3:50am Sep 28, 2010 3:50am
We never know which supply and demand zones will cause reversals, but we should be aware of the possibilities.

Here's one possibility that worked out well this morning.

Rob
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 15 Min 28 Sept 2010.jpg Size: 61 KB
  • #158
  • Sep 28, 2010 4:11am Sep 28, 2010 4:11am
Quoting kiwi_trader
At one point I searched the net for support info on the odds enhancers.

I combined the info found to create:

Description of the probability enhancers
Picture of enhancers 1,2, and 4
Spreadsheet built as shown in material found
(with descriptions in as comments)

All in OpenOffice format. The pictures are clearer than those referred to in the original post. Some may find this useful. Sam's material works well.
Kiwi,

Thanks for the great contribution.
I've posted your zip file in post 1

Rob
  • #159
  • Sep 28, 2010 4:34am Sep 28, 2010 4:34am
Quoting priceaction
We never know which supply and demand zones will cause reversals, but we should be aware of the possibilities.

Here's one possibility that worked out well this morning.

Rob
you are right, i got out too soon on that trade. The news gave it good momentum. As per odds enhancers, second touch still has some good probability but less than first touch. All depends whether you are prepared to risk a lower potential reward compared to risk. But in a strong up trend it seems you are more likely to get a good runner past the first profit area.
  • #160
  • Sep 28, 2010 5:03am Sep 28, 2010 5:03am
Quoting priceaction
We never know which supply and demand zones will cause reversals, but we should be aware of the possibilities.

Here's one possibility that worked out well this morning.

Rob

Rob, if you go through the odds enhancers that demand level isn't strong at all. Ideally we look for the strong momentum coming out of the origin of the move not before it. However, and this is where it could get interesting, in a strong up trend as we have on the GU, these lower scoring levels could be higher probability. Well worth doing some back referencing - something to add to our arsenal. Will see if there is a pattern with this and let you know. Ideally though Seiden recommends scanning lots of charts/markets (pref non correlated) and pick out the best trades.
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