The System III (Oh no!)

DareXau
How do you come up with those supply & demand zones?

... well, just zoom-out your chart and you will see ...
additionally, go to FXstreet and watch few webinars by Sam Seiden, that may help a lot to understand the concept.
http://www.fxstreet.com/search/contr...1-e9bf77216d2f

Yea right. Very easy to follow and to reproduce instructions. Plus hours of webvinars. I want critique those supply&demand just would mention that true measure of supply&demand is volume which doesn't exist on forex.

That's what I'm talking about. The lines so easy but mind is always making following them complicated with supply& demand, MACD, stochastics, oscilators, sma, cot reports, cycles, Elliot waves or whatever is hot today.

Yeah right ... it's much easier to learn nothing and stay ignorant for ever.
... by the way, good luck with your drawings.

Unfortunately in trading the easier part is learning. That's what every loser is doing in this field. There is always something new. New guru, new trading strategy. Bringing money to the checking account on consistent bases is the hard part.
As Ken Fisher in the book "The only three questions that count" stated the trading is not a craft which can be learned like carpeting. Otherwise three month boot camp in the "Winning" TS and say good buy to boss and hello to Hawaii.

Just doing community service.

It seems that 1.3770 holds the price. Or may be GS decided to close it's "demands"
http://www.zerohedge.com/article/gol...target-137-140

For supply & demands funs. As I said earlier the try measure of Supply & demand is volume which is laking in forex.
But we can look at volume on ETF. Below is hourly chart for FXE which is euro etf.
Volume is on the bottom panel.

... if so easy, than why you mixing volume spread analysis with supply and demand?
... perhaps because of the forex education based only on BabyPips forum.

Never been there.
How else can you measure true supply and demand? Demand is where traders are buying. If they are buying than you should see volume surge in futures, etf or oanda open contracts.
Kinda obvious.

It takes two years to teach PHP programming from scratch. After that programmer can make money on constant bases. Since you can see plenty of people in trading field who are straggling with it for decades it is clear to me that learning of some new things is not the most important aspect of trading.

... by pointing to supply/demand zones versus support/resistance levels ...
I'm simply referring to the price area (zone) instead of the single line (level) ... your drawings
and I'm not interested in spot forex volume at all ... as there isn't any true volume (only very partial - representing individual broker's orders flow)
So, by the same token ... I'm not talking about any ways of measuring that "volume" as it's pointless to measure something what doesn't exist.
On another hand in different (centralized) markets, like: equities, indices, futures and some CFD's or ETF's the volume spread analysis can be successfully applied in trading.

... and on subject of learning, I don't care how long it takes to become a programmer, that's irrelevant to trading and to learning process about trading,
but I haven't come a cross of any successful trader, who said that his learning is completed or that there isn't anything more to learn.
So, if you state that learning is easy part and only losers keep doing so ... well, I can assure you ... that you're totally wrong.

... forex is a zero sum game ... where uneducated traders are giving away their money to those traders who learned enough to take advantage of this situation
and finally, I reckon that's very fair ... and I don't mind that at all if some ignorant are paying me on daily bases for my effort, patience, determination and so on ...
and I have to admit, that I'm really pleased with the ratio of consistent losers v winners (average 95% to 5%) 'cos that's open/unlimited opportunity for "smart money"

The level down 565 up 750.

How do you define width of the zone? 2 ATR?

I doubt if there is some universal tool (indicator) which does it for you ...
but just a simple examination of the previous/current price action should easily show those zones which may be significant now or in near future,
... as for example EUR/USD zone I'm interested in today and for last few days is between 1.3710'0 & 1.3785'0 ... so, it's an area of 75 pips.

750 reached.

Hello, traders!

Here are my levels... how I see them.


Good luck in your trading!

866 reached. Next 972

Hi, tghfbt8!

I see - you trade levels religiously! Great! I like trading levels very!!!!!

Good luck to you in your trading!!!!! Keep going!


P.S. - I think we have to say a big "Thank You!" to Feb2865 for giving to us so simple but powerful style of trading!


Dmitrij.

levels i watch now for possible trade...