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Trading Supply & Demand Zones

  • #281
  • Nov 20, 2010 7:12am Nov 20, 2010 7:12am
Quoting ninohoang
I am trying my best to learn more about this. Feel like joining XLT very much but I can't afford the fees so posting around and learning from you folks here seems to be the only option for me now.
If i am not wrong, there is an XLT student here in this thread but haven't seen posts from him recently. Maybe the person can help clarify further. Cheers
I am an XLT Student and although the fees are high, I have it for my lifetime, so well worth the investment. Unfortunately you have to take the Forex course first before you can become an XLT student.

I can assure you that the XLT webinars are awesome and I have learned so much from them and continue to do so and yes you get all the tricks.

I will not share everything in respect to OTA and the other XLT students, but you will get some clues from my analysis!
  • #282
  • Nov 20, 2010 7:17am Nov 20, 2010 7:17am
Quoting frankkn
Mothafuckin bad ass post. Damn straight baker
  • #283
  • Nov 20, 2010 7:21am Nov 20, 2010 7:21am
Quoting Porkpie
Careful with taking counter trend trades so soon after price has tanked down off that weekly supply level on GU (see the the huge pin on hourly). The odds are firmly stacked against you if you do.

The further away higher time frame supply is from lower time frame demand for entry, the more likely the counter trend trade will work out. I always use a conservative 50% between weekly demand and supply levels before I begin to enter demand levels on lower time frames, unless I am scalping off the 5 min.
  • #284
  • Nov 20, 2010 2:09pm Nov 20, 2010 2:09pm
Quoting bbakker
I am an XLT Student and although the fees are high, I have it for my lifetime, so well worth the investment. Unfortunately you have to take the Forex course first before you can become an XLT student.

I can assure you that the XLT webinars are awesome and I have learned so much from them and continue to do so and yes you get all the tricks.

I will not share everything in respect to OTA and the other XLT students, but you will get some clues from my analysis!

Hi BBakker

Fellow OTA student here, with FOREX. Have not signed up for XLT my funds right now wont allow it. I have repeated the Forex class 6 times, not that I haven't learned anything, I am just a forex junkie and like to be around fx people and learn from them. The classes were fantastic.

We have probably had the same instructor or two...I thought some of your analysis was looking famliliar....

Just wanted to say Hi...pm me if you want.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #285
  • Nov 22, 2010 12:56am Nov 22, 2010 12:56am
Quoting bbakker
Here is my analysis on the NZDCAD pair which I am looking to short

Attachment

Patience is key at these higher timeframes!
Did anyone get the short? Nice drop from the supply zone this morning!
  • #286
  • Nov 22, 2010 12:57am Nov 22, 2010 12:57am
Quoting bbakker
Here is my weekend analysis on NZDUSD. I will be looking at this pair on Sunday open. Might have missed the boat already. If it gaps up, I will not take the long, but I will be looking to short in the daily supply area.

Attachment
Anyone get the long in? Have a look at the chart now

I am off to work. Have a great week trading!
  • #287
  • Nov 22, 2010 4:28am Nov 22, 2010 4:28am
Nice work Brian. This shows simple works especially with the higher time frames with a bit of patience and most of all leaving it to let it do its stuff. I like your use of weekly highs etc (good ol Steve Misic loves his supply/demand at weekly highs) and it looks like you have Misic's use of MA's? Were your entries reliant on amateaur gaps up/down into those zones (probably not but I expect you would have used them to reinforce your analysis i.e. strong buying into supply and selling into demand).
  • #288
  • Nov 22, 2010 1:42pm Nov 22, 2010 1:42pm
Quoting Porkpie
Nice work Brian. This shows simple works especially with the higher time frames with a bit of patience and most of all leaving it to let it do its stuff. I like your use of weekly highs etc (good ol Steve Misic loves his supply/demand at weekly highs) and it looks like you have Misic's use of MA's? Were your entries reliant on amateaur gaps up/down into those zones (probably not but I expect you would have used them to reinforce your analysis i.e. strong buying into supply and selling into demand).
Hey PP!

Actually my MA teaching is all from MAgix, the king of the MAs. He even taught me via Skype sessions the power of the MAs and hence I find it a very useful addition to my analysis.

As you stated it is all about strong buying into supply and selling into demand something that seems completely illogical to the novice trader but something that now makes perfect sense to me.

As my mentor Sam Evans says "Trading is not easy, but it is simple!" The more complicated you make it, the more confused you will get, it is that simple.

I also had some great news today as they gave me a promotion at work! Considering I spent between February and May constantly on FF, I did made sure that my workload did not suffer too much.

As they had reached the Management quota of people in the team on the upper grade that I got today and with me being the second to last to join 7.5 years ago (most have been there 10 years) and with no sign of anyone leaving, I thought the only way to get this promotion was to slip some cyanide in one of my work colleagues' coffee... lol! I am glad that they have decided to do way with this quota system and my Manager thanked me for my hard work over the last few years. He didn't mention the lack of it this year, because he sure knows that I am trading!

This does mean I will be getting additional responsibilities and hence I have made the decision to only swing trade of the day charts on 27 pairs from now on. I am having great success doing so.

I have signed up to a price alert system to notify me when price reaches a daily/weekly demand or supply level. If I get time I will post the setup on this thread!

Have a great day and success with your trading, as always!
  • #289
  • Nov 22, 2010 2:42pm Nov 22, 2010 2:42pm
Quoting bbakker
Hey PP!

Actually my MA teaching is all from MAgix, the king of the MAs. He even taught me via Skype sessions the power of the MAs and hence I find it a very useful addition to my analysis.

As you stated it is all about strong buying into supply and selling into demand something that seems completely illogical to the novice trader but something that now makes perfect sense to me.

As my mentor Sam Evans says "Trading is not easy, but it is simple!" The more complicated you make it, the more confused you will get, it is that simple.

I also...
First of all congratulations


Keep posting your set and forget ideas. I am starting to do the same. My work load will be increasing soon as well.

Rufus.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #290
  • Edited 10:01am Nov 24, 2010 9:48am | Edited 10:01am
Hi all,

Looking for supply-demand zone near 1.3400.

 

  1. (+) Strong down move of price from this zone
  2. (+) Good potential REWARD/RISK Ratio (more than 3)
  3. (+) 1st time return to the zone
  4. (+) Big Timeframe DOWNtrend
  5. (+) OverBOUGHT Stochastic

  1. (-) Spend quite consolidation time


I entered the market in = 1.3403
Stop Loss in = 1.3423 (20 pips)
Target = 1.3336 (67 pips)

Any Comments??

[UPDATE] Trade Management, Moving SL to 1.3400 and 'forget' the trade

Warmest Regards,
CN

Attached Image (click to enlarge)
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  • #291
  • Nov 24, 2010 10:34am Nov 24, 2010 10:34am
Quoting killthebee
Hi all,

Looking for supply-demand zone near 1.3400.

 

  1. (+) Strong down move of price from this zone
  2. (+) Good potential REWARD/RISK Ratio (more than 3)
  3. (+) 1st time return to the zone
  4. (+) Big Timeframe DOWNtrend
  5. (+) OverBOUGHT Stochastic

  1. (-) Spend quite consolidation time

I entered the market in = 1.3403
Stop Loss in = 1.3423 (20 pips)
Target = 1.3336 (67 pips)

Any Comments??

[UPDATE] Trade Management, Moving SL to 1.3400 and 'forget' the trade

Warmest...

Beautiful analysis, great R/R and trade management. I cannot find fault! I wish you success with your trade
  • #292
  • Nov 24, 2010 10:44am Nov 24, 2010 10:44am
Quoting killthebee
Hi all,

Looking for supply-demand zone near 1.3400.

 

  1. (+) Strong down move of price from this zone
  2. (+) Good potential REWARD/RISK Ratio (more than 3)
  3. (+) 1st time return to the zone
  4. (+) Big Timeframe DOWNtrend
  5. (+) OverBOUGHT Stochastic

  1. (-) Spend quite consolidation time


I entered the market in = 1.3403
Stop Loss in...

Beautiful ,I think ur TP Hit
Have 2 question
1-What TF u use?
2-What next or sideline for now?
  • #293
  • Nov 24, 2010 11:37am Nov 24, 2010 11:37am
Nice trade, great entry off the 5min (within the hourly supply zone - looks like you are showing a supply level from a 5 min on the hourly chart? If not then the supply zone needs to encompass the bodies of the candles and the upper wicks on the hourly zooming in for entry), with the strong move down from the original move, excellent RR. And you also noted the long consolidation as a potential threat making this trade a confirmation entry. Perfect.


Quoting killthebee
Hi all,

Looking for supply-demand zone near 1.3400.

 

  1. (+) Strong down move of price from this zone
  2. (+) Good potential REWARD/RISK Ratio (more than 3)
  3. (+) 1st time return to the zone
  4. (+) Big Timeframe DOWNtrend
  5. (+) OverBOUGHT Stochastic

  1. (-) Spend quite consolidation time

I entered the market in = 1.3403
Stop Loss in = 1.3423 (20 pips)
Target = 1.3336 (67 pips)

Any Comments??

[UPDATE] Trade Management, Moving SL to 1.3400 and 'forget' the trade

Warmest...

  • #294
  • Nov 24, 2010 1:20pm Nov 24, 2010 1:20pm
Quoting killthebee
Hi all,

Looking for supply-demand zone near 1.3400.

 

  1. (+) Strong down move of price from this zone
  2. (+) Good potential REWARD/RISK Ratio (more than 3)
  3. (+) 1st time return to the zone
  4. (+) Big Timeframe DOWNtrend
  5. (+) OverBOUGHT Stochastic

  1. (-) Spend quite consolidation time

I entered the market in = 1.3403
Stop Loss in = 1.3423 (20 pips)
Target = 1.3336 (67 pips)

Any Comments??

[UPDATE] Trade Management, Moving SL to 1.3400 and 'forget' the trade

Warmest...

I got it bouncing off 1.3338, retraced 30 pips and then hit 1.3320. I hope you held out for your target! Well done, nice trade
  • #295
  • Nov 24, 2010 1:45pm Nov 24, 2010 1:45pm
Quoting killthebee
Big Timeframe DOWNtrend

supply-demand zone near 1.3400

1st time return to the zone
Great!

Here are the key elements that I also look for. A kind of stripped down version.

Hope you keep sharing. Thanks and continued good trading to you!
  • #296
  • Nov 25, 2010 6:28am Nov 25, 2010 6:28am
I have created a CADCHF order to go short -

Entry: 0.9942
Stop Loss: 0.9975
1st TP: 0.9825

No time to post a chart on this one as I am @work!

Wish you success with your trading!
  • #297
  • Nov 26, 2010 10:25am Nov 26, 2010 10:25am
Quoting egkid
Beautiful ,I think ur TP Hit
Have 2 question
1-What TF u use?
2-What next or sideline for now?
Hey egkid,
1) Mainly I use H1 to scan trade opportunity. Confirm the chances by H4 and take my entry using M15.

2) For a beginner like me, I try to be outside the market most of the time, until I find a 'perfect' set to enter.
  • #298
  • Nov 26, 2010 10:39am Nov 26, 2010 10:39am
Quoting Porkpie
Nice trade, great entry off the 5min (within the hourly supply zone - looks like you are showing a supply level from a 5 min on the hourly chart? If not then the supply zone needs to encompass the bodies of the candles and the upper wicks on the hourly zooming in for entry), with the strong move down from the original move, excellent RR. And you also noted the long consolidation as a potential threat making this trade a confirmation entry. Perfect.
In this trade, I took M15 for entering the market. But I usually don't.
And yes, I should draw supply zone encompass the bodies.

I like the discussion in this thread. Let's see the impact of good RR ratio we use to our longterm trading journal.
  • #299
  • Nov 27, 2010 11:16am Nov 27, 2010 11:16am
Quoting killthebee
Hi all,

Looking for supply-demand zone near 1.3400.
Good job. I considered placing an order there but decided against it because I don't have the time to monitor it.

Here are the levels I'm waiting for.

Edit:

Oh also the levels at which I've place my orders saw stronger moves than the lower levels. Doesn't mean the lower one's aren't tradeable, but you would have to be there to monitor your entry/exit.
Attached Image (click to enlarge)
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  • #300
  • Nov 28, 2010 8:22am Nov 28, 2010 8:22am
I’m a late come, hopefully not too late, as the thread started less than 3 months ago.

I’ve gone thru the posts in the thread.

I cld understand the concept & principles of Seiden’s method. What I need do is practice. For starters, I think I wld go for higher timeframes, where there is less noise.

Thinking thru, I have 2 difficulties to get over with.

1.I hv no problem with one of the 2 lines that define the s/d zone. This is the one at the swing high or low point. But I am not too sure where to put the 2nd line. Pl see attached screenshots for details. Seiden did not show details in his videos & articles.

2.when price gets near the s/d zone, unless the probability enhancer score is 9 or 10, we cannot be sure if it is to reverse and if so, when & where. As Porkpie said, price can still go anywhere. The best is to observe price action, which I think we wld do at a lower time frame.

Question is: at which timeframe – M5 or M15 or M30 or H1……? Also, where can I go to for more good info on price action confirmation for entry (info on the net is overwhelming to differentiate which is good & which is not )? Doing it incorrectly wld unnecessarily increase risk & reduce profit potential. I see that PA confirmation has great uses on many other occasions.

Looking forward to learning from you folks.

Thank you.

CP
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