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Trading Supply & Demand Zones

  • #241
  • Oct 31, 2010 11:41am Oct 31, 2010 11:41am
Quote
very few people are actually interested in this thread, but i keep hanging out here anyway

I feel the same way dude. I think it's because this kind of trading isn't a cut and dry "signal-spitting" system that most people are chasing so they can become millionaires.

Quoting ninohoang
Is it a good Demand zone in this pair?
The zone you highlighted is in the middle of the "curve" in Sam's terminology. It could still result in a bounce, but you would want to observe price action for confirmation.
  • #242
  • Oct 31, 2010 12:03pm Oct 31, 2010 12:03pm
Quoting frankkn
I feel the same way dude. I think it's because this kind of trading isn't a cut and dry "signal-spitting" system that most people are chasing so they can become millionaires.

The zone you highlighted is in the middle of the "curve" in Sam's terminology. It could still result in a bounce, but you would want to observe price action for confirmation.
If people want to trade using technical indicators that is fine by me. We need people on the other side of our PA trades based on Supply and Demand... lol

Here is my view on cable -
http://www.forexfactory.com/showthre...93#post4135293
  • #243
  • Oct 31, 2010 12:06pm Oct 31, 2010 12:06pm
Quoting ninohoang
just some charts to have you guys' comments. I am still learning how to do the levels correctly. I am , by no means, an expert in it. Thanks
Seiden doesn't give away all his secrets either. You get the fully monty if you join OTA as a student, but you're right, some levels are better than other levels.
  • #244
  • Oct 31, 2010 12:55pm Oct 31, 2010 12:55pm
Quoting bbakker
Rob's status on his profile is as follows -

Since 2007 I have usually been quite active in ForexFactory. I have learned a lot and given back some.

These days I trade for a living. Other than some management consultancy business (which I am fading out of), trading is what pays the bills.

I am increasing my trade size and I need to be 100% focused to ensure I trade according to my plan. So I have cut out emails, TV and Forums during my core trading hours. Whilst all these things can be entertaining, they create noise, which is not what I want,...
Looking forward to your analysis especially as you are an OTA student.
  • #245
  • Nov 2, 2010 5:54am Nov 2, 2010 5:54am
I put the Sell stop orders for this one yesterday. Just checked and found that price has turned nicely as expected. I moved stop to break-even and have a free trade. Maybe will take partial profit at the lower blue line
Attached Image (click to enlarge)
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  • #246
  • Nov 2, 2010 6:22am Nov 2, 2010 6:22am
nice one. Its also right at the top of higher time frame supply (revisiting the weekly), so high probability trade.
  • #247
  • Nov 2, 2010 8:36am Nov 2, 2010 8:36am
Quoting Porkpie
nice one. Its also right at the top of higher time frame supply (revisiting the weekly), so high probability trade.
Hi Porkpie,
Thanks. This is the update for the GBPUSD Short posted just now. Price bounced strongly from the small Demand zone in M15 chart. I might get stopped out soon. Got the sell limit orders just right above the current price at the Supply level (best seen in M5 chart)
Cheers
Attached Image (click to enlarge)
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  • #248
  • Nov 2, 2010 8:39am Nov 2, 2010 8:39am
These are levels I am watching for this pair. Hope to have your comments.Cheers
Attached Image (click to enlarge)
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  • #249
  • Nov 2, 2010 8:41am Nov 2, 2010 8:41am
I am crazy looking at an EU short right now..?

Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #250
  • Nov 2, 2010 9:47am Nov 2, 2010 9:47am
Quoting Rufus
I am crazy looking at an EU short right now..?

Rufus
Well not to crazy. Looks like the supply zone started 8 pips under my pending oprder I have had sitting there since Sunday. I will close all out. I will not be around rest of the week.


Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #251
  • Edited Nov 3, 2010 3:55am Nov 2, 2010 10:00am | Edited Nov 3, 2010 3:55am
Quoting ninohoang
Hi Porkpie,
Thanks. This is the update for the GBPUSD Short posted just now. Price bounced strongly from the small Demand zone in M15 chart. I might get stopped out soon. Got the sell limit orders just right above the current price at the Supply level (best seen in M5 chart)
Cheers
There is a lot more pressure for price to go down than back up but the bulls are putting up an impressive fight. The swing high on the 29th October (GMT) (H1) could also be a contributing factor to the speed bump reversal, as it has acted as support. Seiden doesn't like to look at levels that cut through candles but acknowledges that resistance becomes support. I think these swing areas cutting through candles are relevant and I often look at these areas for trading off if not too close to higher time frame demand or supply.

Edit: Looks like those bulls are stronger after all.
  • #252
  • Nov 3, 2010 6:53am Nov 3, 2010 6:53am
Quoting Porkpie
There is a lot more pressure for price to go down than back up but the bulls are putting up an impressive fight. The swing high on the 29th October (GMT) (H1) could also be a contributing factor to the speed bump reversal, as it has acted as support. Seiden doesn't like to look at levels that cut through candles but acknowledges that resistance becomes support. I think these swing areas cutting through candles are relevant and I often look at these areas for trading off if not too close to higher time frame demand or supply.

Edit: Looks like those...
Given the fact that we have two Big Supply zones sitting near each other , i doubt that price can go past these level easily. In my opinion, it is definitely not a good idea to Long the pound anywhere near these levels. I will watch lower time frames for Shorting opportunity if price starts crashing down now, or if price approach the upper Supply level. Hope to hear your comments. Cheers
Attached Image (click to enlarge)
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  • #253
  • Nov 3, 2010 8:33am Nov 3, 2010 8:33am
Got the Sell limits in place. Low risk- High reward trades, forever!!!
Attached Image (click to enlarge)
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  • #254
  • Nov 4, 2010 3:44am Nov 4, 2010 3:44am
Quoting ninohoang
Got the Sell limits in place. Low risk- High reward trades, forever!!!
imo the trend is too strong. Given that we have a bounce already off the weekly supply and the strength of the current trend back into that supply, its best to stick with the trend. There was a nice bounce off a 4hour level at 6042 yesterday.
  • #255
  • Nov 4, 2010 9:03am Nov 4, 2010 9:03am
It looks to me that the Demand for USD is coming back soon
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  • #256
  • Nov 4, 2010 9:45pm Nov 4, 2010 9:45pm
Hi folks,

Seattlerust here. I have been away from FF for almost a year now and upon returning (to NB Trading forum) I found a link to this thread. It is a welcome surprise as I have followed Sam Seiden for a year or more now and actually met him a few months ago here is Seattle. I have not actively trades his supply and demand methodology directly but my trading is strongly in tune with support and resistance, so it shouldn't be too much of a stretch.

My trading is basically swing trading, mostly in the direction of the trend. I buy the dips and sell the rallies. The hardest part of my trading is determining just where to pull the trigger and still keeping risk low. What I hope is to incorporate supply and demand as a way of determining just where those dips and rallies end and the trend resumes.

Look forward to learning and occasionally contributing something of value.

SR
  • #257
  • Nov 4, 2010 9:50pm Nov 4, 2010 9:50pm
Quoting seattlerust
Hi folks,

Seattlerust here. I have been away from FF for almost a year now and upon returning (to NB Trading forum) I found a link to this thread. It is a welcome surprise as I have followed Sam Seiden for a year or more now and actually met him a few months ago here is Seattle....
Hi Seattlerust,
Welcome to the threads. Looking forward to your works
  • #258
  • Nov 4, 2010 9:53pm Nov 4, 2010 9:53pm
Demand zone of the USDX Weekly chart. With all the super bad news on USD, maybe the trend is changing from down to sideway and up (just imho). Cheers
Attached Image (click to enlarge)
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  • #259
  • Nov 4, 2010 11:33pm Nov 4, 2010 11:33pm
Quoting ninohoang
Demand zone of the USDX Weekly chart. With all the super bad news on USD, maybe the trend is changing from down to sideway and up (just imho). Cheers
Stay vigilant brother, crazy stuff ahead. I'm watching this level closely !
  • #260
  • Nov 4, 2010 11:44pm Nov 4, 2010 11:44pm
Quoting frankkn
Stay vigilant brother, crazy stuff ahead. I'm watching this level closely !
Here's my dollar chart
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