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Trading Supply & Demand Zones

  • #341
  • Dec 2, 2010 10:35am Dec 2, 2010 10:35am
Can't agree more .

Quoting Porkpie
With all that being said, picking the highest quality levels and patience is the name of this game, expecting and forcing one's self to trade everyday on sub par levels is not healthy imo.
  • #342
  • Dec 3, 2010 3:12am Dec 3, 2010 3:12am
I was lucky to get something out of this Long trade. Personally, I think the trade has more room to the upside judging from bigger picture. Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD H4 03 Dec 10.jpg Size: 111 KB
  • #343
  • Dec 3, 2010 8:41pm Dec 3, 2010 8:41pm
Quoting ninohoang
I was lucky to get something out of this Long trade. Personally, I think the trade has more room to the upside judging from bigger picture. Cheers
This is an update on the above trade. My 1st and 2nd target were achieved and I'm currently out from this trade.Price may probably retrace down from the current Supply zone. No more Long for me until price goes substantially down to good Demand area. I will be looking for Short at the above Supply zone at around 1.0150 area.
Lesson learned from this trade:
+Look at the perfect head and shoulders pattern. Price perfectly broke the neckline and then all the novice traders join the Bear. If they didn't quickly take profit or breakeven and decided to wait for the full profit target taught by conventional Technical analysis for the H&S, they get burnt heavily in this trade.
+ Look at how price flirted around with the Demand zone (coincides with the support from the up trendline from the Daily chart) and spiked down exceeding the Demand area by 1 or 2 pips and was quickly rejected and shoot up strongly.
Personally, I learn quite a lot from this trade.
Cheers
Attached Image (click to enlarge)
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  • #344
  • Dec 11, 2010 1:56pm Dec 11, 2010 1:56pm
The chart with the green levels is cable and the dollar, and the gray is a 10m.
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  • #345
  • Dec 12, 2010 4:28pm Dec 12, 2010 4:28pm
Easier to see colors, and revised levels. Gray is daily and blue is 4h.

Edit:

Note that while I marked levels above and below price, it doesn't mean that they're very pretty levels, just the next ones. I plan on watching for small bounces on smaller time frames because I've got a couple weeks to play around during active market hours before my schedule gets too busy and I go back to only LO trading.
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  • #346
  • Dec 13, 2010 7:46am Dec 13, 2010 7:46am
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Either a short from 83.60 or I am expecting it to reach a little higher and a short at 83.87 with a 33 pip SL.

Let's hope it bites!

My last week of trading and then I will be taking 4-5 weeks off.
  • #347
  • Dec 13, 2010 8:37am Dec 13, 2010 8:37am
Quoting bbakker
Attachment

Either a short from 83.60 or I am expecting it to reach a little higher and a short at 83.87 with a 33 pip SL.

Let's hope it bites!

My last week of trading and then I will be taking 4-5 weeks off.
Looks like it didn't reach me entry and the short at 83.60 would have been better... lol

I will keep the order in there... you never know!
  • #348
  • Dec 13, 2010 8:40am Dec 13, 2010 8:40am
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  • #349
  • Dec 13, 2010 9:36am Dec 13, 2010 9:36am
Here goes a bollinger entry at supply, not used to entering like this what do you think?
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  • #350
  • Dec 13, 2010 11:49am Dec 13, 2010 11:49am
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I really like this one! This supply zone is textbook. Nice arrival, lovely basing and then a nice drop. We also got a nice arrival back into this supply zone. There is another supply zone above it, so we a level above a level, but I really like this one.

Let's hope this one works out... it is out of my hands now!
  • #351
  • Dec 13, 2010 12:18pm Dec 13, 2010 12:18pm
Quoting bbakker
Attachment

I really like this one! This supply zone is textbook. Nice arrival, lovely basing and then a nice drop. We also got a nice arrival back into this supply zone. There is another supply zone above it, so we a level above a level, but I really like this one.

Let's hope this one works out... it is out of my hands now!
So much for that level working out... lol
  • #352
  • Dec 13, 2010 3:44pm Dec 13, 2010 3:44pm
Quoting bbakker
Attachment

I really like this one! This supply zone is textbook. Nice arrival, lovely basing and then a nice drop. We also got a nice arrival back into this supply zone. There is another supply zone above it, so we a level above a level, but I really like this one.

Let's hope this one works out... it is out of my hands now!
That was a beautiful spot..

I think the banks are playing the field right now running stops....My guess anyway. I don't see a logical reason for price to stop where it did.

FOMC meeting tomorrow and a boat load of other news as well maybe a lot of this is in antisipation of that.

Such is life in the fast lane.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #353
  • Dec 13, 2010 5:05pm Dec 13, 2010 5:05pm
Let me take back my previous post.

I just had to dig into this one because it is just what I do. :nerd: I am the type that likes to find a reason for why things move and why price stops....Eureka.....I have found it.

Gold took a spike today right at the time of the AU spike that took out the shorts. Gold and the AU are closely aligned.. On the 15m chart I posted gold is the Candle sticks and AUD is the line. That little bugger is the culprit. Also there must have been some supply that had to get picked up at the supply area I have marked on the other chart. It is not nearly a pretty supply area as the one under it but, so be it.

So anyway I hope this answers any unanswered questions.

Rufus
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #354
  • Dec 13, 2010 10:52pm Dec 13, 2010 10:52pm
Quoting bbakker
So much for that level working out... lol
Ha! Me too! Just love it!

Edit:

Just love the r:r that goes with SD zones. I lose more trades than I win but I'm profitable each week and that's what matters in the end.
  • #355
  • Dec 14, 2010 4:58am Dec 14, 2010 4:58am
eurusd, eurjpy, audusd... prices steamrolled past supply zones. Year-end festive season not good time to trade supply & demand strategy?
  • #356
  • Dec 14, 2010 6:33am Dec 14, 2010 6:33am
Quoting CollectPIPS
eurusd, eurjpy, audusd... prices steamrolled past supply zones. Year-end festive season not good time to trade supply & demand strategy?
It is not the time to trade S&D, due to the lack of volume and liquidity, the levels are less likely to get respected. This is my last week and I have made the decision not to add any new positions with the last one being the CHFJPY (Still in it) and the 2 failed ones EURUSD and AUDUSD.

Best time to start again is on 9th Jan (Sun) and more likely I won't start until the 23rd Jan as I am away for a week until the 21st with no access to my trading terminal.

Take a break... we all need one! I wish everyone a very merry Xmas and a happy New Year!
  • #357
  • Dec 14, 2010 7:43am Dec 14, 2010 7:43am
Thx for sharing. I got stopped out as well

Being new to S&D, don't know how it performs in times like this.

Merry Christmas & Happy New Year to all!

Quoting bbakker
It is not the time to trade S&D, due to the lack of volume and liquidity, the levels are less likely to get respected. This is my last week and I have made the decision not to add any new positions with the last one being the CHFJPY (Still in it) and the 2 failed ones EURUSD and AUDUSD.

Best time to start again is on 9th Jan (Sun) and more likely I won't start until the 23rd Jan as I am away for a week until the 21st with no access to my trading terminal.

Take a break... we all need one! I wish everyone a very merry Xmas and a happy New...
  • #358
  • Dec 17, 2010 4:40am Dec 17, 2010 4:40am
I caught this Long trade on EurUsd. Price went deeply into the Demand zone (I believe it exceeded it by 1 pip or so) and finally took off. First target was achieved. I"m expecting price temporarily stalls at the Supply level for now. However, i've got free trades and am holding on for bigger gain now. Merry Christmas and Happy New Year to all. Cheers
Attached Image (click to enlarge)
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  • #359
  • Dec 17, 2010 10:42pm Dec 17, 2010 10:42pm
Quoting ninohoang
I caught this Long trade on EurUsd.
Hey ninohoang great job, I got 1:3 of that one too.

I planned on trading actively this week, but only took one trade (posted earlier on this thread). I've been sleeping through most of the good trading hours because my schedule shifted so much that I need those hours for sleep.

Has anyone been trading this past week?
  • #360
  • Dec 17, 2010 11:16pm Dec 17, 2010 11:16pm
Quoting bbakker
It is not the time to trade S&D, due to the lack of volume and liquidity, the levels are less likely to get respected. This is my last week and I have made the decision not to add any new positions with the last one being the CHFJPY (Still in it) and the 2 failed ones EURUSD and AUDUSD.

Best time to start again is on 9th Jan (Sun) and more likely I won't start until the 23rd Jan as I am away for a week until the 21st with no access to my trading terminal.

Take a break... we all need one! I wish everyone a very merry Xmas and a happy New Year!...
Hey, Merry Xmas and happy new year to you as well. Have fun in all your activities as well.. Get ready to whoop ass in 2011.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
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