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Supply and Demand trading with Fibs

  • #381
  • Oct 5, 2011 2:21am Oct 5, 2011 2:21am
For anyone interested this is a recording of Mndays session

CLICK HERE TO WATCH TUESDAYS SESSION
  • #382
  • Oct 5, 2011 9:47am Oct 5, 2011 9:47am
Quoting deankenny21
hey kev, my entry was the top blue area, my stop loss would be the bottom blue area using the 61.8 as a kind of protection barrier, which in this case worked out just nicely, i always go by 61.8

http://img28.imageshack.us/img28/6621/chart4.png

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Hi Dean,
Where did you see a level here(top blue box)???
  • #383
  • Oct 5, 2011 10:00am Oct 5, 2011 10:00am
Quoting Forethan
Hi Dean,
Where did you see a level here(top blue box)???
the top blue box was a small demand on 5 min, i moved up to 15 min to see a stronger demand at 15 min below so i averaged between the 2 with sl below the 15 min demand zone
  • #384
  • Oct 5, 2011 10:59am Oct 5, 2011 10:59am
Dean Guile has invited you to the following webinar:
Supply and Demand Trading with Dean, Thursday Session
Thursday, October 06, 2011
11:00 AM - 12:00 PM Dublin, Edinburgh, Lisbon, London Add to Calendar

Click here to join the webinar | Invite others to this webinar!
Personal message from Dean Guile:
Hey traders,

Today was a cracking day, zones forming all over the place, lots of places to trade from, i took 3 or 4 all winners for 1.5 to 2 risk reward, excellent!!
Lets hope the market keeps creating zones for us tomorrow

See you all same time 11am uk time

Dean
  • #385
  • Oct 6, 2011 1:58am Oct 6, 2011 1:58am
a few were in the room when i marked this out, worked like a charm

http://img809.imageshack.us/img809/8683/chart1b.gif

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  • #386
  • Oct 6, 2011 7:13am Oct 6, 2011 7:13am
Quoting deankenny21
a few were in the room when i marked this out, worked like a charm

http://img809.imageshack.us/img809/8683/chart1b.gif

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Hi Dean
Feeling very frustrated as can't get into your amazing room today. No idea why as worked perfectly yesterday, have tried 3 browsers all to no effect so will have to ask my questions here until I can resolve the issue.

By the way many thanks for taking the time to share your amazing strategy its really appreciated.

Can I ask you a couple of questions namely;

1) How do you choose the zones to trade and the ones to leave, most importantly how do decide which ones to leave?

2) You have said on several occasions that you use Sam's methods(whoose videos I have watched) but you have added a couple of things like fib levels etc. Can you explain them please?

3) Lastly how would you recommend the best way to trade your strategy? Is it best to identify supply and demand levels on hourly or 30 min charts then when price approaches these areas drop down to 5 or even 1 min charts for tighter entries?


I've heard you say on the one time I got into your room that you would love to sit down and trade with someone for a day, well I'm only about a 4 hour drive from Weymouth so would love to pop down for a day and talk forex all day long until the cows come home.

I'm going to try and put some supply and demand areas on some charts and post here shortly for your comments.

Thanks again for such a great thread and your trading room which I loved the one and only time I got into it.

Bye for now.
Feel the Fear and do it anyway!!!
  • #387
  • Oct 6, 2011 12:20pm Oct 6, 2011 12:20pm
Quoting clivepackham
Hi Dean
Feeling very frustrated as can't get into your amazing room today. No idea why as worked perfectly yesterday, have tried 3 browsers all to no effect so will have to ask my questions here until I can resolve the issue.

By the way many thanks for taking the time to share your amazing strategy its really appreciated.

Can I ask you a couple of questions namely;

1) How do you choose the zones to trade and the ones to leave, most importantly how do decide which ones to leave?

2) You have said on several occasions that you use Sam's methods(whoose...
1. the zones i leave are the ones where price did not leave rapidly enough, im looking for at least a 2x move away on the first candle to be a tradeable zone.

2. yes fib retracements are well known to work in forex, so i thought hell why not mix it in, and when levels fell within zones just made it more powerful.

3. i have a laptop and a desktop, i have 4 different metatraders open, 1 showing daily, 1 showing hourly and 1 showing 5min, laptop shows weekly.
If im trading a 1 hour ill make sure daily is not showing a zone against the way i want to trade, if trading 5 min ill flick to 1 hr the same etc

hope this helps
Dean
  • #388
  • Oct 6, 2011 3:33pm Oct 6, 2011 3:33pm
I m also learnign supply and demand. I just saw the webinar! Ahhh! I missed this one! Did anyone recorded? If so could someone give me a link...

When the next one gonna be dk21?
  • #389
  • Oct 6, 2011 3:37pm Oct 6, 2011 3:37pm
Quoting athan00
I m also learnign supply and demand. I just saw the webinar! Ahhh! I missed this one! Did anyone recorded? If so could someone give me a link...

When the next one gonna be dk21?
they are every morning at 11am UK TIME

there are some recorded ones, they are in the thread at various points, just need to look through

Regards Dean
  • #390
  • Oct 6, 2011 5:45pm Oct 6, 2011 5:45pm
Dean Guile has invited you to the following webinar:
Supply and Demand Trading with Dean, Friday Session and NFP
Friday, October 07, 2011
11:00 AM - 7:00 PM Dublin, Edinburgh, Lisbon, London Add to Calendar

Click here to join the webinar | Invite others to this webinar!
Personal message from Dean Guile:
Hey guys

I had all my new trading gear delivered today so not much oppertunity for me to montior the market, however during asia i took a short on daily supply eurgbp now at BE and riding it down, and also short on eurusd 1 hour supply, nice move down took profits and now at BE on remaining position.

Hope to see you all same time tomorrow 11am UK TIME

regards
Dean
  • #391
  • Oct 6, 2011 6:14pm Oct 6, 2011 6:14pm
Hi Dean

Just put this supply zone onto gbpusd which looks pretty cool and meets the criteria I believe.

Only problem is it was caused by the bad news out today so should I count it as a good supply area?

Please note that there was another zone setup just to the left at 2200hrs on 24th.

Would you trade it today if it gets hit?

Cheers Clive.

edit, just realised its also bang on a 50% retracement too!
Attached Image (click to enlarge)
Click to Enlarge Name: Supply and demand gbpusd.jpg Size: 125 KB
Feel the Fear and do it anyway!!!
  • #392
  • Oct 6, 2011 6:44pm Oct 6, 2011 6:44pm
Heres some more of my efforts this time on AUDUSD.

Supply 1 I like it as price doesn't hang around and comes down quickly with a candle twice the size of last green candle.

Supply 2 I like but price does linger a little but bang on 0.764 fib

Supply 3 Not too sure as again price hangs around a bit and although close to 0.618 not bang on it.

Demand 1 bit iffy as candle is not that big

Demand 2 I believe is an excellent example of what I should be looking for big candle taking us away from level plus on a big nos 0.9400 and would be a double bottom.

Are there any obvious ones I have missed?

Your thoughts would be appreciated.

If price comes up into a demand area would you buy it? And vice versa if price came down into a supply area would you sell it?

Last question. Where do you place your orders? In the middle of zones front edge or back edge?

Cheers Clive
Attached Image (click to enlarge)
Click to Enlarge Name: Supply and Demand AUDUSD.jpg Size: 155 KB
Feel the Fear and do it anyway!!!
  • #393
  • Oct 7, 2011 2:37am Oct 7, 2011 2:37am
Hi Clive, i'll try to answer your question.

I'll pick all the supply and demand 2 on your chart, plus there should be supply 4 right below supply 3 where price bounce before reaching demand 1.
For supply 3 i'd be carefull seing price action there, i'd close my trade if i have some profit.
About demand 1, i'd move to smaller TF to find better level (not that wide).
Some correction here, if price comes down into a demand area i would buy, and vice versa if price came up into a supply area i would sell.
Entri for supply at the bottom of the box SL a few pips above the box.
Entri for demand at the top of the box plus spread, SL a few pips below the box.

Hope that help you Clive
  • #394
  • Oct 7, 2011 4:01am Oct 7, 2011 4:01am
ok it seems as ive reached my quota on anymeeting, and my room is FULL and has been too busy and too much activity for them to let me continue free.

To increase my quota and allow unlimited participants and usage i must pay a monthly fee. Unfortunately unless that is reimbursed somehow i wont be able to continue the room, i looked at Omnovia and they are just as expensive.

Only option is to charge a daily access fee to the room not monthly, but as i said thats a road i do not want to go down

I knew supply and demand was going to be popular, but not 100-200 ppl a day popular in and out the room.
  • #395
  • Oct 7, 2011 4:38am Oct 7, 2011 4:38am
Quoting alvin2434
Hi Clive, i'll try to answer your question.

I'll pick all the supply and demand 2 on your chart, plus there should be supply 4 right below supply 3 where price bounce before reaching demand 1.
For supply 3 i'd be carefull seing price action there, i'd close my trade if i have some profit.
About demand 1, i'd move to smaller TF to find better level (not that wide).
Some correction here, if price comes down into a demand area i would buy, and vice versa if price came up into a supply area i would sell.
Entri for supply at the bottom of the...
Thanks Elvin
Feel the Fear and do it anyway!!!
  • #396
  • Oct 7, 2011 4:52am Oct 7, 2011 4:52am
ean Guile has invited you to the following webinar: Supply and Demand Trading, Friday Session
Friday, October 07, 2011
1:00 PM - 9:00 PM Dublin, Edinburgh, Lisbon, London Add to Calendar

Click here to join the webinar | Invite others to this webinar!
Personal message from Dean Guile:
OK, anymeeting have started to charge me, so hopefully this will work now
  • #397
  • Oct 7, 2011 5:07am Oct 7, 2011 5:07am
Thanks Dean, Rocky and Sam!

http://i7.photobucket.com/albums/y28...ing/sing-1.gif
Attached Image (click to enlarge)
Click to Enlarge Name: sing.GIF Size: 14 KB
  • #398
  • Oct 7, 2011 9:10am Oct 7, 2011 9:10am
good day today, 3 trades for me, 2 winners and other one open for +60 pips, good day considering its nfp but supply still works as the law establishes

my 2 winners i closed fully now as london closes and we go into weekend, so after a quiet start to the week we came out well on top.

my personal account as i know a few of you are interested was at $1196 last week, and not including my floating profit i have closed the weekend of $1222
so i am extremely happy

See you all next week, Im hoping to do a Sunday Webinar, if i do will be more around 10pm, as i have football late Sunday night, i will let all my subscribers know via email, enjoy the weekend guys

and heres my live account, first pic shows my balance beginning of week around $1991 and my balance as of today at $1222 in second pic

http://img822.imageshack.us/img822/949/acc2x.jpg

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http://img163.imageshack.us/img163/1280/accpj.jpg

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  • #399
  • Oct 7, 2011 10:18am Oct 7, 2011 10:18am
Dean Guile has invited you to the following webinar:
Supply and Demand Trading with Dean, Sunday Session.
Sunday, October 09, 2011
10:00 PM - 6:00 AM Dublin, Edinburgh, Lisbon, London Add to Calendar

 Click here to join the webinar | Invite others to this webinar!
Personal message from Dean Guile:
Quiet start to this week, but rewarded for out patience with excellent supply levels being hit on nfp day, nice profits made.

Sunday night webinar will be 1 hour later than normal at 10pm due to football

I hope to see all my regulars there and new faces.

Many thanks
Dean
  • #400
  • Oct 7, 2011 7:34pm Oct 7, 2011 7:34pm
Quoting deankenny21
ok it seems as ive reached my quota on anymeeting, and my room is FULL and has been too busy and too much activity for them to let me continue free.

To increase my quota and allow unlimited participants and usage i must pay a monthly fee. Unfortunately unless that is reimbursed somehow i wont be able to continue the room, i looked at Omnovia and they are just as expensive.

Only option is to charge a daily access fee to the room not monthly, but as i said thats a road i do not want to go down

I knew supply and demand was going to be popular,...
It's okay Dean, i wish i could help, but i couldn't right now. Anyway we still have the skype chat room and the thread here aren't we?
People say picture can speak thousands words, just keep the spirit my friend
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