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Back To Basics - Looking to improve 28 replies

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Back To Basics

  • #61
  • Mar 21, 2011 5:10am Mar 21, 2011 5:10am
slow market
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  • #62
  • Mar 21, 2011 5:38am Mar 21, 2011 5:38am
ausd approaching supply zone....wait for m15 candlestick for confirmation
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  • #63
  • Mar 21, 2011 8:02am Mar 21, 2011 8:02am
EU DAILY
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  • #64
  • Mar 21, 2011 8:35am Mar 21, 2011 8:35am
Budak,

First of all, thank you for posting your charts. I am trying to incorporate supply and demand into my trading along with PA, fibs and other potential confluences.
  • #65
  • Mar 21, 2011 8:50am Mar 21, 2011 8:50am
Quoting newark18
Budak,

First of all, thank you for posting your charts. I am trying to incorporate supply and demand into my trading along with PA, fibs and other potential confluences.
bring it on mate...
Gold Expedition Return This Year: -16.4%
  • #66
  • Mar 21, 2011 8:56am Mar 21, 2011 8:56am
still waiting to my echf trade.
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  • #67
  • Mar 21, 2011 9:41am Mar 21, 2011 9:41am
sold gu for swing setup 100 pips sl 300 pips gain
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Gold Expedition Return This Year: -16.4%
  • #68
  • Mar 21, 2011 9:59am Mar 21, 2011 9:59am
Back to basic really sounds good, as for me not only using supply & demand area, it's surely good way to find the structure of where the price will move, but for me, there is one important element trader must not forget, the human psychology itself, how most people react with crowded people, how they become panic if their hope not getting fulfilled, how they will make wrong decision because underestimate something.

The transition zone between market hour from one continent to another, also make some big influence, when "shock" impact of new high volume came it's also important. Action & reaction to find balance, etc. I'm still studying it till know & yeah if some people might think it needs thousands of hours practice I would say agree for them.
  • #69
  • Mar 21, 2011 10:23am Mar 21, 2011 10:23am
Quoting budak baru
sold gu for swing setup 100 pips sl 300 pips gain
Budak,

I see the supply zone but can you elaborate as to what triggered your entry? Did you see something on a lower TF?
  • #70
  • Edited 10:52am Mar 21, 2011 10:45am | Edited 10:52am
Quoting newark18
Budak,

I see the supply zone but can you elaborate as to what triggered your entry? Did you see something on a lower TF?
price bounces at the supply/resistance zone.
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  • #71
  • Edited 4:32am Mar 22, 2011 1:46am | Edited 4:32am
sold gu again.add more...

disregard gu n echf setup.sl hit
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  • #72
  • Mar 22, 2011 2:19am Mar 22, 2011 2:19am
I'm liking the B2B thread!

Thanks and good trading to you,
Brent
  • #73
  • Mar 22, 2011 7:02am Mar 22, 2011 7:02am
Can someone point me to the best resource to learn how to properly draw supply and demand zones?
  • #74
  • Mar 22, 2011 7:12am Mar 22, 2011 7:12am
Quoting budak baru
sold gu again.add more...

disregard gu n echf setup.sl hit
Its evident then when you wrote "Back to basics" perhaps you ment "Back to trying to analyze supply and demand which a lot of people are doing/think that they are doing." I argue its not very basic at all but rather very advanced. I am saying this to alert yourself to the aspect of a potential difference between what you say you are doing and what you are doing and perhaps even what it is that you think you are doing.

Now to judge however there is a difference between those things, or if that difference is important or not, that i leave to each and every person. I for one say there is important difference between those things. So if i was to term this thread i would perhaps use "H1 supply and demand trade setups" as a name for it.
My signature is: "Classified".
  • #75
  • Mar 22, 2011 7:18am Mar 22, 2011 7:18am
I could be wrong but I believe the insinuation is that the supply and demand theory is basic, which is hard to argue. Implementing such theory in forex, however, is much more difficult.
  • #76
  • Mar 22, 2011 7:19am Mar 22, 2011 7:19am
Quoting Orbital
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Got busy and distracted, here are my charts, im back in reds thread
Please do more of these charts
  • #77
  • Mar 22, 2011 7:39am Mar 22, 2011 7:39am
Quoting yaed
Its evident then when you wrote "Back to basics" perhaps you ment "Back to trying to analyze supply and demand which a lot of people are doing/think that they are doing." I argue its not very basic at all but rather very advanced. I am saying this to alert yourself to the aspect of a potential difference between what you say you are doing and what you are doing and perhaps even what it is that you think you are doing.

Now to judge however there is a difference between those things, or if that difference is important or not, that i leave to...
chart no chat....
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  • #78
  • Mar 22, 2011 7:43am Mar 22, 2011 7:43am
trader.

post your chart and we discuss here.this is mine
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  • #79
  • Mar 22, 2011 7:46am Mar 22, 2011 7:46am
Eu entering seller zone.will wait for h4 candlestick reversal.
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  • #80
  • Mar 22, 2011 8:02am Mar 22, 2011 8:02am
Here is my attempt. Feel free to criticize

http://i55.tinypic.com/10q9fg5.gif
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