Romancing the Price | Page 4 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Close Price VS Median Price (or other price types) 33 replies

House price data price action 1 reply

Why closing price is not the same as opening price? 1 reply

Price on charts vs. Bid and Ask price 1 reply

differences between chart price and trading price 2 replies

Attachments: Romancing the Price
Exit Attachments

Romancing the Price

  • #61
  • Apr 14, 2011 1:21pm Apr 14, 2011 1:21pm
Quoting s1quash

.. Come on guys we can do this!! ...
that's the spirit i like to see...
  • #62
  • Apr 15, 2011 3:28am Apr 15, 2011 3:28am
This is what banks do..they enter a trade on a level...Now i firmly believed...this is the only right way to trade...to understand the market structure.Supply and Demand or buyers and sellers.

The entry was taken on the 5 minutes chart...the entry was to the pip on the 1 minute chart. This chart will show how mind boggling it is for one to ignore supply and demand.

It will amaze me even more if one still want to use indicators after knowing this simple truth.

Guys the holy grail of forex is in front of your eyes!! After all the painful months of hard work..i have finally found the truth. Now i just need more practise to hone my skill.

I hope you see this..i am just a trader helping traders. Peace you all!!
Attached Image (click to enlarge)
Click to Enlarge Name: 5.gif Size: 28 KB
  • #63
  • Apr 15, 2011 3:57am Apr 15, 2011 3:57am
KennyZ,
Outstanding thread my friend. It took me many yrs to realize the truth & value of what you & others are sharing. Keep the info coming.
________________
  • #64
  • Apr 15, 2011 12:15pm Apr 15, 2011 12:15pm
I just love Scottish music!

Inserted Video
  • #65
  • Apr 16, 2011 1:44am Apr 16, 2011 1:44am
Thanks Ken for this excellent thread.
Kenny PMed me to make a simple explanation about S/D as we have seen how so many ppl who are unfamiliar with S/D are struggling to define S/D zones. I know what it felt to be loss.

In essence, supply is the zone where sellers exceed buyers and vice versa for demand. These are the areas where you want to take your trade.
We trade the zone and not the levels. This chart will explain it all.
To find them you have to look on your left. Look for turning points. As for me I look for fractals. The harder it turns, the more valid is the zone.
Attached Image (click to enlarge)
Click to Enlarge Name: zone1.jpg Size: 87 KB
  • #66
  • Apr 16, 2011 1:52am Apr 16, 2011 1:52am
I will mark the supply zones into 4.
We will start with zone 1 in my next thread.
Attached Image (click to enlarge)
Click to Enlarge Name: zone2.jpg Size: 71 KB
  • #67
  • Edited 2:31am Apr 16, 2011 2:04am | Edited 2:31am
Quoting Myrza
I will mark the supply zones into 4.
We will start with zone 1 in my next thread.


It is better to wait for price to close below the zone sell entry
Will continue later as I am at work now
Attached Image (click to enlarge)
Click to Enlarge Name: zone3.jpg Size: 78 KB
  • #68
  • Apr 16, 2011 2:23am Apr 16, 2011 2:23am
Great thread, thanks for starting it Kennny I have been trying to refine my S&D trading since being introduced to it just over ago. I will try to participate in this thread as it seems a good place for learning & sharing thoughts. I personally found I learned a lot about this method from the Sam Seiden videos on fxstreet.

Happy trading guys
  • #69
  • Apr 16, 2011 2:56am Apr 16, 2011 2:56am
Zone 2
Attached Image (click to enlarge)
Click to Enlarge Name: zon34.gif Size: 23 KB
  • #70
  • Apr 16, 2011 2:57am Apr 16, 2011 2:57am
Supply and demand levels react differently on every timeframes...so stick with one tf to get acquainted on how to anticipate the reversal.it always reverse on every supply and demand level.but how much is the question..how much retrace will it be...how many pips will you have to take and which level will be your target.
  • #71
  • Apr 16, 2011 3:19am Apr 16, 2011 3:19am
zone 3
  • #72
  • Apr 16, 2011 3:24am Apr 16, 2011 3:24am
Quoting Myrza
zone 3

I think that is enough example of trading the zone.
Here is a pdf file about zone trading. Cant remember where I got it but would like to thank the maker for compiling it in a simple way
Attached Image (click to enlarge)
Click to Enlarge Name: zon4.gif Size: 23 KB
Attached File(s)
File Type: pdf Trade Cheat Sheet.pdf   79 KB | 3,568 downloads
  • #73
  • Apr 16, 2011 3:41am Apr 16, 2011 3:41am
Thanx for the cheat sheet,great explanations
  • #74
  • Apr 16, 2011 4:15am Apr 16, 2011 4:15am
YURO for example. Look left to see what is happening.
What the hell is actually happening?. Are we going to break north or not?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: yuro.gif Size: 23 KB
Click to Enlarge Name: yuroline.gif Size: 16 KB
  • #75
  • Apr 16, 2011 4:31am Apr 16, 2011 4:31am
weekly

I think that is all from me. I hope it is concise enough for a fundamental idea of supply and demand.


Trade well
Attached Image (click to enlarge)
Click to Enlarge Name: yurowk.gif Size: 23 KB
  • #76
  • Apr 16, 2011 5:02am Apr 16, 2011 5:02am
Until trading S/D has become second nature, you can use this SS Probability Enhancer to score potential trades.

After a while, you'll be scoring setups without even knowing it
Attached File(s)
File Type: zip Probability Enhancers.zip   377 KB | 5,187 downloads
  • #77
  • Apr 16, 2011 7:52am Apr 16, 2011 7:52am
hi Myrza,

you have exceeded my expectation by quite a few miles.. thanks a million for detailed superb explanation of supply n demand zones..

appreciated greatly... i'm sure many others will do so too..

traders helping traders...........
  • #78
  • Apr 16, 2011 8:10am Apr 16, 2011 8:10am
thanks a lot for this nice little gem IF..

i didn't have it before.. cool stuff


traders helping traders...........


Quoting Ifmyante
Until trading S/D has become second nature, you can use this SS Probability Enhancer to score potential trades.

After a while, you'll be scoring setups without even knowing it
  • #79
  • Apr 16, 2011 8:21am Apr 16, 2011 8:21am
Quoting KennyZ
hi Myrza,

you have exceeded my expectation by quite a few miles.. thanks a million for detailed superb explanation of supply n demand zones..

appreciated greatly... i'm sure many others will do so too..

traders helping traders...........

My pleasure Ken. Feel so good to help others. Just came back from work and at work I discovered somrthing intersting that I wish to share here.
It is a setup to detect major swing point in higher timeframe.
Later
  • #80
  • Apr 16, 2011 11:43am Apr 16, 2011 11:43am
sounds exciting...

looking forward to it..


Quoting Myrza
... Just came back from work and at work I discovered somrthing intersting that I wish to share here.
It is a setup to detect major swing point in higher timeframe.
Later
2 traders viewing now