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Supply and Demand trading with Fibs

  • #61
  • Sep 22, 2011 3:56pm Sep 22, 2011 3:56pm
Hey deankenny21,good call on the trades,let the people know that sam seiden is the master of this trading approach !!!
  • #62
  • Sep 22, 2011 4:21pm Sep 22, 2011 4:21pm
Quoting monikroc
Hey deankenny21,good call on the trades,let the people know that sam seiden is the master of this trading approach !!!
yeh no problem glad you like them, i laid my balls on the line, thats how confident i am.

Sam Seiden is great but his stuff isnt free, the cores of it are, but not all the other things that make it worthwhile without going to his academy.
  • #63
  • Sep 22, 2011 4:56pm Sep 22, 2011 4:56pm
all happening live for asian session in room, area called for a scalp, price was only 2 pips away from area called before retreating for an easy 6-7 pip scalp easy easy, thats how accurate these zones can be.

[00:49:39] Dean Guile: getting an early reaction here, be carfeful
[00:49:44] Dean Guile: sellers may have done this early
[00:50:35] Dean Guile: we see reaction at the zone
[00:50:40] Dean Guile: just as predicted
[00:51:41] Dean Guile: so close to my short
[00:51:59] Dean Guile: 3516 would be my entry price hit 3514 and spike for an easy 5-6 pips
[00:52:23] Dean Guile: if anyone got in and took it for 5-6 pips well done
[00:52:46] Dean Guile: u see badass, i how accurate the zones
[00:52:47] Dean Guile: are
[00:52:59] Dean Guile: 3516 i marked, 3514 only 2 pips away was the reaction and stall
[00:53:38] Dean Guile: 3514, moved to 3507. An easy scalp trade right there
[00:54:03] Dean Guile: supply holding here
  • #64
  • Sep 22, 2011 5:03pm Sep 22, 2011 5:03pm
how did you determine 3416 was your mark?
[00:57:13] Dean Guile: thats what i will teach you in the coming weeks badass
[00:58:14] Dean Guile: hehe, price moved rapid up to the zone and has stalled right on it give or take 2 pips
[00:58:35] Dean Guile: that kicks support and resistence traders any day of the week
[00:59:02] Dean Guile: and now moving down
[00:59:39] Dean Guile: low as 3504 now, thats 10 pips right there, markets giving them away at these zones
[01:00:18] Dean Guile: if u check my ff thread u will see 3516 marked as a zone on my first post in the thread hours and hours earlier today
[01:00:33] Forex Bada$$: As a support and reiststance trader this is where I would start looking for a buy entry
[01:01:04] Dean Guile: and theres the move down, another easy trade right there, my order was missed by 2 pips, but still nice to see price do exactly as i predicted again
  • #65
  • Sep 22, 2011 5:33pm Sep 22, 2011 5:33pm
chart update

http://img189.imageshack.us/img189/3571/chart3.png

Uploaded with ImageShack.us
  • #66
  • Sep 22, 2011 5:53pm Sep 22, 2011 5:53pm
Quoting deankenny21
chart update

http://img189.imageshack.us/img189/3571/chart3.png

Uploaded with ImageShack.us
so what you say is we go short from 1.3507 upto 1.3475??
  • #67
  • Sep 22, 2011 6:03pm Sep 22, 2011 6:03pm
Quoting behman8850
so what you say is we go short from 1.3507 upto 1.3475??
no we do not go short, how can we go short at a demand level thats what the novice trader does, how do i know its demand, well because its BELOW current price.

i suggest going through the whole thread, if you have, then i suggest going through again

we sell at supply
we buy at demand
  • #68
  • Sep 22, 2011 6:41pm Sep 22, 2011 6:41pm
There we go again!!

unfrotunately my order did not get filled by a mere couple pips but the zone was just missed, but you can see the strength near the area marked for a nice quick easy move up, easy money for everyone.

This area was marked way before this bounce happened look above

http://img13.imageshack.us/img13/921/chart3f.png

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  • #69
  • Sep 22, 2011 6:48pm Sep 22, 2011 6:48pm
guys i just did another trade live in the room , thats 12 trades and 12 winners for me this evening, look at all happen as it happens, another trader managed to get a couple pippys from the call too

[02:42:03] Dean Guile: no probs jenks
[02:43:34] Dean Guile: sold at 3538!!
[02:43:48] Dean Guile: atop at breakeven
[02:44:03] Dean Guile: 4.6 pips taken
[02:44:07] Dean Guile: its all easy guys come on
[02:44:15] Dean Guile: the rest is a free trade
[02:44:17] Dean Guile: see how quick it is
[02:44:24] Dean Guile: all done profits taken and rest is fre
[02:44:27] Forex Bada$$: did you set it up as a limit?
[02:44:40] Dean Guile: no i sold at market there
[02:44:47] Dean Guile: i only just managed to see it approaching zone
[02:44:50] Forex Bada$$: good play
[02:44:56] Dean Guile: yes perfect play again
[02:45:03] Dean Guile: thats 12 out of 12 this evening for me
[02:45:04] Darryl: I sold at 38 also.
[02:45:21] Dean Guile: nice Daryl u lock some profits in?
[02:45:29] Darryl: 2
[02:45:36] Dean Guile: still profits
[02:45:38] Jenks FX: dean - anymeeting.com is the go for a free webinar
[02:45:42] Darryl: yep
[02:45:42] Dean Guile: BE on remainding position
[02:46:07] Dean Guile: stopped now at BE but 4.6 easy pips banked there, nice easy quick high probability trade
[02:46:19] Dean Guile: right off the demand zone too i marked out earlier
[02:46:25] trublu: dean what's your pip total for the day without the big 50 pips on EU, just the scalps?
[02:46:35] Forex Bada$$: are there some vidoes I can watch?
[02:46:35] Darryl: This account is so small there is no remaining position.. lol
[02:46:44] Dean Guile: im appraching 100 pips for the evening now
[02:46:50] Forex Bada$$: sam seiden?
[02:47:01] trublu: watch sam seiden and take notes



ive had pm's galore this evening begging me to to teach them, listen im no forex guru, i just look at the obvious, its so easy once you click please follow and join the room and you will see, i cant teach 1 on 1 would be too much for me so just join the group and get a feel for it.
  • #70
  • Sep 22, 2011 7:09pm Sep 22, 2011 7:09pm
well im coming close to 100 pip profit today so close to calling it a day as far as trading goes, an excellent first day in the live room, traders grabbing pips from all angles, some even grabbing some off zones they marked themselves. another day another dollar as they say
  • #71
  • Sep 22, 2011 7:13pm Sep 22, 2011 7:13pm
another trader took a long off a zone marked out over an hour ago, he grabbed some very easy pips!! all happening live

[03:11:18] Andrew Sym: yeah...and since u take so many trades a day, t can add up without increasing the risk per trade
[03:11:21] Dean Guile: all good traders lose, too. remember Manchester United won the league last season, but they also lost games along the way
[03:12:03] Andrew Sym: closed long for +5 on that one
[03:12:26] Dean Guile: what trade was that Andrew
[03:12:35] Dean Guile: my zone on eur usd
[03:12:38] Andrew Sym: EU
[03:12:43] Dean Guile: i see price come near it again and went up
[03:12:50] Andrew Sym: from that 3510 area
[03:12:53] trublu: the way they're playing they might not lose this season
[03:12:55] Darryl: Yes. or 2% on 1% risk. All I'm saying you know your not going to sink even if you lost 3 in a row.
[03:13:05] Dean Guile: yes Andrew excellent trade well done
[03:13:19] Andrew Sym: thanks
  • #72
  • Sep 22, 2011 7:21pm Sep 22, 2011 7:21pm
Just wanted to say thanks for starting this thread. Trying to learn this stuff. I have posted a picture. I would like to know if I have marked this correctly. I appreciate any help you can offer and thanks. Also I dont have skype but would love to join. Never used it lol.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd zones.gif Size: 21 KB
  • #73
  • Sep 22, 2011 7:28pm Sep 22, 2011 7:28pm
Quoting nawlins51
Just wanted to say thanks for starting this thread. Trying to learn this stuff. I have posted a picture. I would like to know if I have marked this correctly. I appreciate any help you can offer and thanks. Also I dont have skype but would love to join. Never used it lol.
not bad at all, the top area supply, may need to be confirmed because we didnt get much stalling, we want a little stall to give us our balance to shock imbalance!!

the demand areas below seem good, u see that first area already had 2 very near touches for some nice pips

the area below is roughly correct, need to be adjusted a little but you got the idea, im creating a new chatroom not on skype where its easier, and i can get on voice and will be easier to call zone and trades im taking.
  • #74
  • Sep 22, 2011 7:33pm Sep 22, 2011 7:33pm
Quoting deankenny21
not bad at all, the top area supply, may need to be confirmed because we didnt get much stalling, we want a little stall to give us our balance to shock imbalance!!

the demand areas below seem good, u see that first area already had 2 very near touches for some nice pips

the area below is roughly correct, need to be adjusted a little but you got the idea, im creating a new chatroom not on skype where its easier, and i can get on voice and will be easier to call zone and trades im taking.
The top one is confusing to me. I thought it was the best one. Can I ask you where you would put it. Also thanks for the help. I do appreciate it very much. If you dont have time I understand. That would be awesome if we can get to a room without using skype. Let me know when its around and would love to hook up with yall and learn. Thanks again.
  • #75
  • Sep 22, 2011 7:37pm Sep 22, 2011 7:37pm
Quoting nawlins51
The top one is confusing to me. I thought it was the best one. Can I ask you where you would put it. Also thanks for the help. I do appreciate it very much. If you dont have time I understand. That would be awesome if we can get to a room without using skype. Let me know when its around and would love to hook up with yall and learn. Thanks again.
no probs, if you get a area like that, what you do is move down a TF to 1 min in this case, and you can see price action much clearer and where it was balanced, simple as that i marked the zone here on 1 min, move back up to 5 min and bamn you got your zone. That would be a nice short from up there for a few quick pippies. its a nice fresh looking zone

http://img594.imageshack.us/img594/8980/chart3c.png

Uploaded with ImageShack.us
  • #76
  • Sep 22, 2011 7:41pm Sep 22, 2011 7:41pm
Quoting deankenny21
no probs, if you get a area like that, what you do is move down a TF to 1 min in this case, and you can see price action much clearer and where it was balanced, simple as that i marked the zone here on 1 min, move back up to 5 min and bamn you got your zone. That would be a nice short from up there for a few quick pippies. its a nice fresh looking zone

http://img594.imageshack.us/img594/8980/chart3c.png

Uploaded with ImageShack.us...
Frickin sweet. I see it now haha. Adjusted the one you told me need a little tweaking and its identical. Thats a good sign. Thanks so much for the help.

Quick question. When you say breach the zone we elimnate it. Does the candle have to close through the zone or does a long wick through the zone eliminate it also even if it heads back the direction we wanted it too?
  • #77
  • Sep 22, 2011 7:44pm Sep 22, 2011 7:44pm
Quoting nawlins51
Frickin sweet. I see it now haha. Adjusted the one you told me need a little tweaking and its identical. Thats a good sign. Thanks so much for the help.

Quick question. When you say breach the zone we elimnate it. Does the candle have to close through the zone or does a long wick through the zone eliminate it also even if it heads back the direction we wanted it too?
rules for this differ trader to trader, to me if price is able to push right through a zone and breach the other side, close or not i take away the zone, as its not safe to trade anymore, as sellers or buyers in this zone are not in the same area as first predicted, so i delete the area, and search for more.
  • #78
  • Sep 22, 2011 7:48pm Sep 22, 2011 7:48pm
Quoting deankenny21
rules for this differ trader to trader, to me if price is able to push right through a zone and breach the other side, close or not i take away the zone, as its not safe to trade anymore, as sellers or buyers in this zone are not in the same area as first predicted, so i delete the area, and search for more.

Appreciate the help and answering of my questions. I will note that and eliminate zones like you are doing.
  • #79
  • Sep 22, 2011 7:52pm Sep 22, 2011 7:52pm
Quoting nawlins51
Appreciate the help and answering of my questions. I will note that and eliminate zones like you are doing.
remember, i need to stress this alot

as soon as we are up 5-7 pips stop is moved to BE that is a rule set in stone for me, i start booking some of my trade, and if the market wants to run it can run the rest of the way with my remaining position. If not then no problem breakeven is fine with 5-7 pips banked on some of the position.

alot of people hope and hole on while ive already collected pips and been stopped on rest at BE

We are only looking for a reaction at the zone, not for a swing
remember " WE ARE NOT LOOKING FOR A SWING"

just a reaction of 5-7 pips or so, and if a swing occurs, then bamn the pips come rolling in thick and fast
  • #80
  • Sep 22, 2011 8:01pm Sep 22, 2011 8:01pm
Quoting deankenny21
remember, i need to stress this alot

as soon as we are up 5-7 pips stop is moved to BE that is a rule set in stone for me, i start booking some of my trade, and if the market wants to run it can run the rest of the way with my remaining position. If not then no problem breakeven is fine with 5-7 pips banked on some of the position.

alot of people hope and hole on while ive already collected pips and been stopped on rest at BE

We are only looking for a reaction at the zone, not for a swing
remember " WE ARE NOT LOOKING FOR A SWING"

just...
I am on board with ya. I love this strategy. In and out and its how I like it. I hate holding a trade for a longtime and why I hate the H1 and up. Going to practice. Have noticed on the chart we worked on together the lower zone has the 50 fib running through the middle. So thats a pretty good one.
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