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Supply and Demand trading with Fibs

  • #141
  • Sep 24, 2011 12:31pm Sep 24, 2011 12:31pm
Quoting Olu
Thanks for your contribution on my thread. I will be joining your webinar on sunday. BTW its good to find a webinar that is based on UK time rather than American time.

Olu
Ah yes, I never found any webinar either on UK time, but now im in control and i know all the times

So whereabouts you from?
  • #142
  • Sep 24, 2011 12:39pm Sep 24, 2011 12:39pm
Quoting deankenny21
Ah yes, I never found any webinar either on UK time, but now im in control and i know all the times

So whereabouts you from?
I live in Essex mate.

Olu
If you think you can or cannot do it you are correct
  • #143
  • Sep 24, 2011 12:41pm Sep 24, 2011 12:41pm
Quoting Olu
I live in Essex mate.

Olu
Wow an Essex lad, awesome, i bought a Subaru Impreza once from Romford, now that was an experience lol.

Look forward to seeing you at the webinar also, get a few British folk in there too, as i talk alot of football inbetween trades
  • #144
  • Sep 24, 2011 2:17pm Sep 24, 2011 2:17pm
Quoting deankenny21
also a nice move off the supply zone on the same pair, for you guys that trade pins, this is what causes the pins, now you can get in before the pin forms.

http://img560.imageshack.us/img560/7426/chart3.jpg

Uploaded with ImageShack.us
Greetings Dean,

Kindly refer to your Post# 40, my UsdJpy 15 min chart and our most stimulating discussion that took place this past Friday in your newly created Skype Trade Room.

With respect to the Pin Bar(PB) that was forming(watching the PA rise then fall), the question that came to mind was: "what was price actually doing relative to the Supply Zones(nos. 1,2,&3), one atop the other, compounding its effect on price action and the psychology of the participants at the time?" Referring to my USDJpy 15 min chart is my analysis, interpretation, & trade positions of those events and would greatly appreciate your evaluation and comments.

Oh, and btw, none of the aforementioned could have happened had it not been for you initially bringing to my attention(in the trade room) via your analysis of the UsdJpy 5min chart buy scalp trade(which was profitable and instructional to boot!)

Thanks again and looking forward to Sunday's Trade Room...C U THERE!

=============================================================
........."there is nothing right nor wrong, but THINKING makes it so", by THE Bard, Wm Shakespeare
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy 15 m pb trade.gif Size: 40 KB
  • #145
  • Sep 24, 2011 2:34pm Sep 24, 2011 2:34pm
Great Job Dean, keep up the good work, Rocky...
  • #146
  • Sep 24, 2011 3:07pm Sep 24, 2011 3:07pm
Quoting esmontjr
Greetings Dean,

Kindly refer to your Post# 40, my UsdJpy 15 min chart and our most stimulating discussion that took place this past Friday in your newly created Skype Trade Room.

With respect to the Pin Bar(PB) that was forming(watching the PA rise then fall), the question that came to mind was: "what was price actually doing relative to the Supply Zones(nos. 1,2,&3), one atop the other, compounding its effect on price action and the psychology of the participants at the time?" Referring to my USDJpy 15 min chart is my analysis, interpretation,...
yes you starting to get it, my supply zone is my sell, way up near the money, then that creates the pinbar and PA then creating "SENTIMENT" making more people sell, and then we get the bandwagon ppl joining the new trend and riding causing this price to fall, all while i got in virtually near the top

im glad your seeing this way now, good work, keep it up
  • #147
  • Sep 24, 2011 3:25pm Sep 24, 2011 3:25pm
Thanks Dean for all the great work that you are doing here, really learning a lot .I was asking if it would be possible to record the webinar .our time zone is gmt +3thus asia time is like 3 am my time.
  • #148
  • Sep 24, 2011 3:27pm Sep 24, 2011 3:27pm
Quoting ericoco
Thanks Dean for all the great work that you are doing here, really learning a lot .I was asking if it would be possible to record the webinar .our time zone is gmt +3thus asia time is like 3 am my time.

Hi, its not a set lesson or education that im doing, so no point in recording it.

Its a trading room, and every oppertunity i see i speak through each one before it happens and after, and there will be plenty of them to keep one busy.
The webinar is not an hour special, its open for as long as im up trading, so should be running tomorrow night from 9pm my for a good 6 to 7 hours, you can join midway through and still see whats going on and the analysis of each trade and what i see.
  • #149
  • Edited Sep 25, 2011 8:39am Sep 24, 2011 3:34pm | Edited Sep 25, 2011 8:39am
Here is a zip file with Trailing stop EAs and scalping scripts that can be very useful with the scalping portion of trading. The top row are The EAs and the bottom two rows are scripts.

Edit: it looks like it rearranged the Files back in the original order I put them. I'll take them one by one:

EAs-------
1. Auto visual order editor +sahars An EA that creates draggable stop loss take profit and break even lines for your trade. You have to manually open the trade first then the EA takes over with the inputs you put in for your TP, SL and BE

2. MA trailing stop. After the BE is reached and you take partial profit this EA can trail a stop for you using a Moving average of your choice as the stop.

3. Trailing stop Fractal Candle An alternative to the MA trail. Uses candle tops and bottoms or Fractals.

4.SL-TP move by mouse- A simpler version of the draggable stop loss and take profit lines. No BE feature or partial Take profit.

Scripts--------

1. Drop pending buy or sell. Drag and drop pending buys or sells on supply and demand zones. If you drag pending buy above spot price it will create a buy stop if you drag it below spot price it will create a buy limit. Vice versa with pending sell.

2. Order buy or Order Sell Scalping scripts that bypass the order confirmation box. can be set to hot keys to enter market orders quickly. They have to be modified in metaeditor to change the lot size, Stop loss and take profit. Once modified and compiled they can open trades with a push of a button with a hot key or a double click of the mouse from the navigator menu.

3. Modify stop loss and take profit scripts. drag to chart and drop on where you want the TP or SL to move to. Will then redraw the TP or stop loss. Will not work if EAs on top are running. The EA will over ride this script
Attached File(s)
File Type: zip scalpingscripts with draggable SL TP EA.zip   60 KB | 668 downloads
  • #150
  • Sep 24, 2011 3:36pm Sep 24, 2011 3:36pm
Yo dean!

Nice thread you got going here!

Ima pop-in to your live-room once in a while see the action.

For some reason, i feel better talking to you about setups and supdem in my thread. Is that fine? if you have good setups contact me at 188923-32443-5342 aka my thread.

Good luck with this thread and the live-trading room!
Have I got something on my face, SOLDIER?
  • #151
  • Sep 24, 2011 4:19pm Sep 24, 2011 4:19pm
Quoting rocky
Great Job Dean, keep up the good work, Rocky...
Dean,
Great to see our excellent mentor is popping in!
I agree, kudos to you for starting this thread, and keep it up!
Looking forward to a great week of trading.
Mike
  • #152
  • Sep 24, 2011 4:22pm Sep 24, 2011 4:22pm
Quoting mikepip
Dean,
Great to see our excellent mentor is popping in!
I agree, kudos to you for starting this thread, and keep it up!
Looking forward to a great week of trading.
Mike
No probs Mikepip, its all exploded quite soon, the skype is incredibly growing at a rate i didnt expect and the emails i got about when is my next live webinar was astronomical, So yes im looking forward to now only the trading but the growth of this as a whole community
  • #153
  • Sep 24, 2011 7:21pm Sep 24, 2011 7:21pm
Hi Dean
Congratulations on a great thread, I am looking forward to join you in a few days, as I will be in hospital from tomorrow, I have been following Rocky's thread but still having problems defining the S & D zones, hopefully will be able to come to grips with it soon.
Regards from Perth (OZ)
  • #154
  • Sep 24, 2011 8:06pm Sep 24, 2011 8:06pm
Quoting MeLe
Hi Dean
Congratulations on a great thread, I am looking forward to join you in a few days, as I will be in hospital from tomorrow, I have been following Rocky's thread but still having problems defining the S & D zones, hopefully will be able to come to grips with it soon.
Regards from Perth (OZ)
Thank you, and yes will be trading all week so gd luck with the hospital and I will be here when you get back

Best regards, Dean
  • #155
  • Sep 24, 2011 9:58pm Sep 24, 2011 9:58pm
Hey Dean. The key to what you are doing is in your detailed explanations. You are very good of speaking all about what you are thinking. As a rule (I apologize for this generalization) men are not the best at giving up all of the details of any process. Not because of their intentionally withholding information, but simply because this is the way our brains work. If we know something, we assume (that with minimal explaining) that every body knows we are talking about.

You, on the other hand, have done an exemplary job of conveying nearly every nuance of what this set up looks like, tastes like, and smells like. Speaking for myself, and probably many others, I would like you to know how grateful I/we are.

For those just reading this thread that have not spent time yet with our group, I urge you to participate posthaste. Every moment you procrastinate is costing you money. More important than the money, is the knowledge that once acquired, will belong to you for the rest of your life.

Darryl

"Whatever your past has been, you have a spotless future". ~ Melanie Gustafson
  • #156
  • Sep 25, 2011 12:13am Sep 25, 2011 12:13am
Quoting diamonddbw
Hey Dean. The key to what you are doing is in your detailed explanations. You are very good of speaking all about what you are thinking. As a rule (I apologize for this generalization) men are not the best at giving up all of the details of any process. Not because of their intentionally withholding information, but simply because this is the way our brains work. If we know something, we assume (that with minimal explaining) that every body knows we are talking about.

You, on the other hand, have done an exemplary job of conveying nearly every...
Thank you for your kind words, means alot to me, hope to see you in the room as a regular

best regards
Dean
  • #157
  • Sep 25, 2011 12:31am Sep 25, 2011 12:31am
Will be late into the room tomorrow. Going to the Saints and texans football game then at work. While at work I am going to hide and get in the room hehe.

I found these little rules and someone may have posted them. The key rule is #1 and has a great explanation. i will say imo minor is what we are looking for scalping so it works for us. If Dean wants me too post the link i will. its a guy starting from scratch on what to do step by step and is noob friendly. Anyway here is the rules I found with good explanations finding S and D.

RULES:

These aren't really rules, but if finding the strong s&d areas is vital, we need some way of determining if it is strong or weak...

Thankfully that is easy too...

1. The areas have to be : rally-base-drop or drop-base-rally
youre looking for places where price turned..... its only minor s&d if price was moving up, went sideways, then continued up.... rally-base-rally is no good!

By all means note these areas, but theyre not what you are looking for... look at area 2 and 1 on the chart again.... rally-base-drop

2. how long did price stay at this area.... a short time is good! this shows there is a big imbalance between s&d

3. how did price leave this area... gap is excellent... but rare.. so we are looking for a strong move away.... area 1 and 2 on the chart again...

4. how far did it go.... this is your profitability
area 2 dropped about 350 pips... we look for at least 3/1 profit, so a sl at area 1 of 100 pips would of been ok...

5. you also want to have a decent amount of time between prices visit to an area, because obviously if price is constantly hanging around the area, then its not meeting rules 2, 3 and 4.
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  • #158
  • Sep 25, 2011 12:39am Sep 25, 2011 12:39am
Quoting nawlins51
Will be late into the room tomorrow. Going to the Saints and texans football game then at work. While at work I am going to hide and get in the room hehe.

I found these little rules and someone may have posted them. The key rule is #1 and has a great explanation. i will say imo minor is what we are looking for scalping so it works for us. If Dean wants me too post the link i will. its a guy starting from scratch on what to do step by step and is noob friendly. Anyway here is the rules I found with good explanations finding S and D.

RULES:

These...
thanks Nawlins some excellent input there for everybody to take on board. Only thing i would say is rally base rally are also very good tradeable options too, in the correct conditions, alot of trades i did in the room were infact rally base rally trades, as long as they meet the criteria i have had experience with, succesful experience that is, then i will trade it with no problems at all, but again i will go through all this in the room
  • #159
  • Sep 25, 2011 12:50am Sep 25, 2011 12:50am
Quoting deankenny21
thanks Nawlins some excellent input there for everybody to take on board. Only thing i would say is rally base rally are also very good tradeable options too, in the correct conditions, alot of trades i did in the room were infact rally base rally trades, as long as they meet the criteria i have had experience with, succesful experience that is, then i will trade it with no problems at all, but again i will go through all this in the room
Yep totally agree about rally base rally. Especially when rally base rally falls on a Fib it can be a good entry due to confluence. Gives you that extra incentive to say its not minor. If it doesn't fall on a fib then maybe it makes you say welllll I may pass. Up to each individual. I have been getting ah ha moments all weekend. interacting with everyone so far has helped me tremendously but still have a way to go. Thanks Dean for putting together this for all of us to interact. And thanks to everyone else like pip26 who has helped me also. Look forward to this trading week.
  • #160
  • Sep 25, 2011 12:51am Sep 25, 2011 12:51am
just come across this, absolutely fantastic this is my new fave song of all time after Bon Jovi

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