Supply and Demand trading with Fibs | Page 6 | Forex Factory

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Supply and Demand trading with Fibs

  • #101
  • Sep 23, 2011 6:11am Sep 23, 2011 6:11am
forgot to add

totally agree with taking indis etc off your charts

they just blind traders to whats going on
  • #102
  • Sep 23, 2011 6:18am Sep 23, 2011 6:18am
someone said something very interesting they noticed it happen right in front of thier eyes on a 5 min chart, so i thought be excellent to add an explantion here of what he saw. THis person is , well now was an elliot wave trader, befroe trading blind into waves he can now see when the waves will break, and i will show you.

Notice the first supply below, alot of buyers now sat there, price comes down again and of course as we know shoots up, each time it shoots up, it shoots up at a higher price because the buy orders are getting larger at this demand zone earlier, and this creates you upwards wave pattern

Now its got to end sometime hasnt it, you betcha!!! and you can clearly see when, as price goes up in waves it then hits a very nice fresh looking supply and BAMN!!!!!!! the waves have been broken, picking up a lovely fresh set of sellers now wiping out the all used up buyers

When you see it like this, it all becomes ever so clear.

http://img10.imageshack.us/img10/460/chart3e.jpg

Uploaded with ImageShack.us
  • #103
  • Sep 23, 2011 6:32am Sep 23, 2011 6:32am
Like this Dean...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdsd1.gif Size: 25 KB
  • #104
  • Sep 23, 2011 6:33am Sep 23, 2011 6:33am
another call, this one has moved 100 pips or so, all taken in the live skype room, some traders reporting pips in thier banks, i had to go to sleep before price hit my zone but like i said, i call these way before price is there,

this was called mid asia session, and traders made pips from this check it

[12:26:52] Dean Guile: make sense ?
[12:27:51] Dean Guile: oh my gosh another winner
[12:27:59] Dean Guile: did anyone take it, i called this last night before i went to bed
[12:28:04] Somesh De Swardt: hi dean, thanks for adding me too. Fibs make sense, and I do understand them, just not used them in any live trading ive done, tend to use pivot points and other traditional support lines.
[12:28:17] Dean Guile: its moved 100 pips
[12:28:19] Somesh De Swardt: hello everyone
[12:28:37] Somesh De Swardt: things certainly are kicking off!
[12:28:50] Dean Guile: hit my zone dead on at 3557, picked up sellers instantly and dropped like a rock
[12:28:56] Dean Guile: did anyone take this cal?
[12:29:10] Somesh De Swardt: no, didnt get in on that one
[12:29:24] Dean Guile: i was up waiting for it last nightt but got tired
[12:29:29] Dean Guile: i know a few traders stayed up
[12:29:32] Dean Guile: i hope some caught it
[12:29:39] James aka FrenzyPain: only caught 40 pips
[12:29:46] Dean Guile: NICE JAMES!!!
[12:29:50] Dean Guile: 40 pips is 40 pips
[12:29:55] Dean Guile: on a 5 min chart thats excellent
[12:30:01] James aka FrenzyPain: some got more..i think edward if not mistaken
[12:30:08] Dean Guile: excllent
[12:30:46] Dean Guile: i will post the result on FF for all to see
[12:30:57] Dynel Daytrader: james even 5pips on a M5-Chart is awesome, don't be greedy
[12:31:16] Dean Guile: Dynel, if u did what i said here BE asap, price never came back!!!
  • #105
  • Sep 23, 2011 6:37am Sep 23, 2011 6:37am
Quoting deankenny21
another call, this one has moved 100 pips or so, all taken in the live skype room, some traders reporting pips in thier banks, i had to go to sleep before price hit my zone but like i said, i call these way before price is there,

this was called mid asia session, and traders made pips from this check it

[12:26:52] Dean Guile: make sense ?
[12:27:51] Dean Guile: oh my gosh another winner
[12:27:59] Dean Guile: did anyone take it, i called this last night before i went to bed
[12:28:04] Somesh De Swardt: hi dean, thanks for adding me too. Fibs...

Just keep paper and pencil with u guys..... and note every level
  • #106
  • Sep 23, 2011 6:39am Sep 23, 2011 6:39am
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...
quoted above was my area to sell, no cherry picking or hindsight here, this was marked out HOURS ago during asia the result of this is below, what a nice move!!!! you can look at other systems that show you examples after the event, or you can come here and see the teachings BEFORE!!! it happens, thats real balls on the line right there.

http://img51.imageshack.us/img51/460/chart3e.jpg

Uploaded with ImageShack.us
  • #107
  • Sep 23, 2011 6:41am Sep 23, 2011 6:41am
Quoting monikroc
Hey deankenny21, if you add a dollar index chart to your arsenal you will be on point even more tick for tick,only live chart i know is with forexpros click on advance chart put it side by side with any eur/usd chart (negative correlation) to confirm that you are right !!!!
This is great example of it
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdix.gif Size: 16 KB
Click to Enlarge Name: eu.gif Size: 22 KB
  • #108
  • Sep 23, 2011 6:44am Sep 23, 2011 6:44am
Hi Dean

the chart you posted Dean is great dont you think but the S and D theory of the markets is similar to what James teaches on the Public Forum?

i.e. Old Support breaking and turning into New Resistance in a downtrend

the good thing is about S and D is that it gets traders to think about the picture behind the price as opposed to having indicators

Anthony
  • #109
  • Sep 23, 2011 6:54am Sep 23, 2011 6:54am
Quoting antgal23
Hi Dean

the chart you posted Dean is great dont you think but the S and D theory of the markets is similar to what James teaches on the Public Forum?

i.e. Old Support breaking and turning into New Resistance in a downtrend

the good thing is about S and D is that it gets traders to think about the picture behind the price as opposed to having indicators

Anthony
in a way yes, but you even been caught by a false breakout

i bet you have, i have not, i can see in supply and demand when it really breaks, i posted it here on ff, hold on i will find the teachings and link the post number to this post

here it is
http://www.forexfactory.com/showthre...18#post4979718

now most people would have a support line drawn at the top of my zone as support, it closed below at one point, hahahaha to all you support breaking traders, heres a wake up call for you, check it out
  • #110
  • Sep 23, 2011 7:11am Sep 23, 2011 7:11am
GbpUsd demand is playing out well
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 17 KB
  • #111
  • Sep 23, 2011 7:13am Sep 23, 2011 7:13am
Quoting Pip26
GbpUsd demand is playing out well
nice pips26, the pleasure i get when i see someone like you within 24 hours of me starting this making pips off such obvious areas is amazing !!!!!! please keep it up
  • #112
  • Sep 23, 2011 7:19am Sep 23, 2011 7:19am
Quoting deankenny21
nice pips26, the pleasure i get when i see someone like you within 24 hours of me starting this making pips off such obvious areas is amazing !!!!!! please keep it up
Euro also gave nice pips from demand but i missed it
  • #113
  • Sep 23, 2011 8:11am Sep 23, 2011 8:11am
shorted cable at 5462, already squeezed 5 pips out of here stop at BE now enjoying a free trade

this was all shown on my live screen in the trading room, i marked the zone out with the fib studies, and worked like a charm
  • #114
  • Sep 23, 2011 8:17am Sep 23, 2011 8:17am
im still in cable now, pips banked all stops at breakeven, nice easy free trade right, now come join us, giving away free pips
  • #115
  • Sep 23, 2011 8:39am Sep 23, 2011 8:39am
im out of cable short now EASY PIPS all done in my room, other trades took some easy pips to.

AnyMeeting.com/deankenny1

come join us
  • #116
  • Edited 9:04am Sep 23, 2011 8:51am | Edited 9:04am
closed cable long at supply.. done for today
4 trades +90 pips

what i need more

EurUsd at supply 3520
GbpUsd at supply 5475
Usd Index at Demand
  • #117
  • Sep 23, 2011 9:37am Sep 23, 2011 9:37am
Quoting Pip26
closed cable long at supply.. done for today
4 trades +90 pips

what i need more

EurUsd at supply 3520
GbpUsd at supply 5475
Usd Index at Demand
Excellent, we done 3 trades in the room past hour, just took a nice buy on cable at 1.5427, no drawdown at all, some easy pips right there, easy easy easy in the room today, come join us

http://AnyMeeting.com/deankenny1
  • #118
  • Sep 23, 2011 9:55am Sep 23, 2011 9:55am
Excellent bread and butter trade short on eu taken in the room

supply zone marked and shown to every one in the room 1 HOUR before the event, yes 1 hour!!!! no hindsight with me, traders took this short, and made the easiest 30-40 pips of their life, price never came back to that zone, red candle red candle and more more. Easy money right there

come join the room http://AnyMeeting.com/deankenny1

http://img706.imageshack.us/img706/2821/chart3g.jpg

Uploaded with ImageShack.us
  • #119
  • Sep 23, 2011 11:27am Sep 23, 2011 11:27am
thanks dean, for your effort. you have entertainment skills hehe
  • #120
  • Sep 23, 2011 12:02pm Sep 23, 2011 12:02pm
Quoting deankenny21
I posted the original thread in journals, i realised as this is a system rather than a journal would be more suitable here, sorry forex factory for the mistake. Anyway:

FREE TO JOIN SKYPE TRADING ROOM: ADD dean.guile to skype

hi, many may already know me here from posting in James16 thread, and Rockys Trading made simple with no lagging indicators thread.

Ive had some nice success mixing these 2 techniques together, and have now created a free to join room on Skype to discuss trading ideas from 5 min timeframes for scalping all the way up...
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