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Supply and Demand trading with Fibs

  • #401
  • Oct 7, 2011 7:43pm Oct 7, 2011 7:43pm
Quoting alvin2434
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
its cool ive paid for an upgrade so i can still run the webinar with unlimited seats.
  • #402
  • Oct 7, 2011 8:05pm Oct 7, 2011 8:05pm
DEAN!!!!!
watsup dude?
how is the trading, must be awesome for past week huh?

i made some heavy pips on oil, silver, and gold yesterday.

how about you with your extreme s/d trading?
Have I got something on my face, SOLDIER?
  • #403
  • Oct 8, 2011 8:03am Oct 8, 2011 8:03am
for all of those that want to know one of my inspirations to keep GETTING BACK UP in this forex world, and shove everyone out the way who keep telling me i cant do it!!!! and how i got to where i am today in the forex world, this is the video i watched every day since it was created and i will watch till the day i die!!!!!

Inserted Video
  • #404
  • Oct 8, 2011 8:21am Oct 8, 2011 8:21am
I truly feel the same way as you on this Dean. As a father myself, this is my favorite scene of all time from any movie. I tell my son that all the time.

If you really want to be inspired, read the book...its an amazing read and well worth the time invested to read it. I could not put it down once a close friend gave it to me as a birthday gift.

Quoting deankenny21
for all of those that want to know one of my inspirations to keep GETTING BACK UP in this forex world, and shove everyone out the way who keep telling me i cant do it!!!! and how i got to where i am today in the forex world, this is the video i watched every day since it was created and i will watch till the day i die!!!!!

http://www.youtube.com/watch?v=GMVUo...eature=related
  • #405
  • Oct 8, 2011 8:51am Oct 8, 2011 8:51am
Quoting deankenny21
for all of those that want to know one of my inspirations to keep GETTING BACK UP in this forex world, and shove everyone out the way who keep telling me i cant do it!!!! and how i got to where i am today in the forex world, this is the video i watched every day since it was created and i will watch till the day i die!!!!!

http://www.youtube.com/watch?v=GMVUo...eature=related
Very nice bro really impressive and hit straight into my sould

  • #406
  • Edited 11:25pm Oct 8, 2011 12:00pm | Edited 11:25pm
congratulations for a very promising thread.
i must say though, the imageshack uploading really sucks.
needless to say if the account is deleted the images will be gone too and it will be a pitty for your effort.
also the images are very hard to zoom and study in detail.

please use the "attachments" function here in FF when posting charts.
it will make reading a lot easier.
thanks again
  • #407
  • Oct 8, 2011 3:31pm Oct 8, 2011 3:31pm
Hi Dean !
I hope you didnt miss to short the aud/jpy supply zone that i've seen on your webinar?
Because i just study this charts at the moment and see a nice 100+ pips!!!
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  • #408
  • Oct 8, 2011 9:18pm Oct 8, 2011 9:18pm
Hi Dean, I too am tired of lagging indicators after trying many systems here at FF (and creating a number of my own) with limited success. I have been trading live for about two years with a slowly dwindling account to show for it, but have not blown any accounts since I am very conscious of MM.

I stumbled across your name when reading Rocky's thread as an alternative to lights, bells and whistles trading and also in a Raz's skype room where your name was mentioned re: supply and demand.

I've read your thread, Kenneth Lee's, and watched/listened to a couple of your recorded webinars (and S.Seidens) and it all makes complete sense to ditch the nonsense I have been previously using. Unfortunately it is difficult to participate in the live room time wise as I'm from Australia (I'm a teacher and must keep a clear head for the mornings here!) but would appreciate your input in the forum. You have been most generous and selfless in your thread and I respect those values greatly.

I'll use the following chart maybe more than once with differing questions if they come to mind, I have grasped the concept of S and D zones but need to make sure I'm on the right track before live trading (I'm ok with that-mini account!).

Dean would you agree with the following S and D levels on the Ozzie 1 Hour? I had to drop a timeframe or two to reduce the zone size and I am unsure about Supply level 5. I know it is from a prior 1 hour pin that the 5 min gave me, as the one hour and 15 min zones were too wide.

Pete


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  • #409
  • Oct 9, 2011 12:19am Oct 9, 2011 12:19am
Pedross,

Your S&D zones looks good. To increase the accuracy of the zones, generally you do drop one level or TF down, i.e if you're planning to trade of the H1 TF, you mark your potential S&D zone and then go down to M15, and mark the upper and lower limits of your zone.

Then you check by using Fib Fan Lines to see whether the 61.8 Fib Fan Line runs through it. If the 61.8 runs through it, the confluence makes it a stronger S or D zone.

So far while using the S&D technique, I've gained about USD 60 (within a week and a half trading just 0.1 Mini Lots at any one time. Generally even though certain trades can show a 2 or 3 to one reward to risk ratio, I would limit my TP to just 1, to lock in the profits as most of the time I can't afford to be in front of the computer (Work, family etc)
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
  • #410
  • Oct 9, 2011 6:14am Oct 9, 2011 6:14am
Quoting rafiqhidayat
Pedross,

Your S&D zones looks good. To increase the accuracy of the zones, generally you do drop one level or TF down, i.e if you're planning to trade of the H1 TF, you mark your potential S&D zone and then go down to M15, and mark the upper and lower limits of your zone.

Then you check by using Fib Fan Lines to see whether the 61.8 Fib Fan Line runs through it. If the 61.8 runs through it, the confluence makes it a stronger S or D zone.

So far while using the S&D technique, I've gained about USD 60 (within a week and a half trading just 0.1...
well said, apart from i see zones that are used now, i would use the first touch of the zone as an indication to a new zone, if its a strong move away it becomes a new fresh zone.
  • #411
  • Oct 9, 2011 6:38am Oct 9, 2011 6:38am
Quoting deankenny21
well said, apart from i see zones that are used now, i would use the first touch of the zone as an indication to a new zone, if its a strong move away it becomes a new fresh zone.
Firstly, thank you very much for your selfless sharing on how you trade using the supply and demand concept, the many hours you put in FF and the webinars. I recognise the edge in using Fib Fan Lines to see whether the 61.8 Fib Fan Line runs through then drawn s/d zone and when the 61.8 runs through it, the resulting confluence makes it a stronger one. What are your guidelines for drawing the most suitable fib fan lines?
  • #412
  • Oct 9, 2011 7:02am Oct 9, 2011 7:02am
Quoting jbosco
Firstly, thank you very much for your selfless sharing on how you trade using the supply and demand concept, the many hours you put in FF and the webinars. I recognise the edge in using Fib Fan Lines to see whether the 61.8 Fib Fan Line runs through then drawn s/d zone and when the 61.8 runs through it, the resulting confluence makes it a stronger one. What are your guidelines for drawing the most suitable fib fan lines?
as you can see from the attached chart you can pick any swing point, from the high to the low, as you can see here, i have picked a smaller swing up above, and then the largest swing of the whole chart, and both 61.8 lines ran straight through the supply zone, to me this trade was FREE money way before price got there. ALSO what makes this a more confident trade, is look at price before already rreacting to the fans showing that this is also creating a trendline.
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  • #413
  • Oct 9, 2011 7:32am Oct 9, 2011 7:32am
Quoting deankenny21
as you can see from the attached chart you can pick any swing point, from the high to the low, as you can see here, i have picked a smaller swing up above, and then the largest swing of the whole chart, and both 61.8 lines ran straight through the supply zone, to me this trade was FREE money way before price got there. ALSO what makes this a more confident trade, is look at price before already rreacting to the fans showing that this is also creating a trendline.
Thank you, Dean. Your reply and the attached chart has made itmuch clearer now.
  • #414
  • Oct 9, 2011 7:35am Oct 9, 2011 7:35am
Quoting jbosco
Thank you, Dean. Your reply and the attached chart has made itmuch clearer now.
and of course after all those confluences i didnt even mention the 50 fib retrace too.
  • #415
  • Oct 9, 2011 8:24am Oct 9, 2011 8:24am
Dean can I kindly request you let me have your fib retracement settings again?

Kev
  • #416
  • Edited 2:33pm Oct 9, 2011 1:58pm | Edited 2:33pm
tonights Webinar starting soon

Click here to join the webinar
  • #417
  • Oct 9, 2011 2:22pm Oct 9, 2011 2:22pm
I can't join the webinar!
When i connect, it says : "would you like to upgrade flash player 11" and i say Yes so it's been installed but when i restart my browser and want to reenter it says the same message again and again
  • #418
  • Oct 9, 2011 2:30pm Oct 9, 2011 2:30pm
Quoting Forethan
I can't join the webinar!
When i connect, it says : "would you like to upgrade flash player 11" and i say Yes so it's been installed but when i restart my browser and want to reenter it says the same message again and again
try a different browser such as firefox or new internet explorer 9

Click here to join the webinar
  • #419
  • Oct 9, 2011 2:34pm Oct 9, 2011 2:34pm
it's ok now opera doesn't works
  • #420
  • Oct 9, 2011 3:29pm Oct 9, 2011 3:29pm
CHART UPDATE
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