Supply and Demand trading with Fibs | Page 26 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Fibs trading and PASR 0 replies

Fibs And Forks Journal 62 replies

Fibs and Forks 177 replies

Fibs, fibs, fibs 3 replies

Trading with Fibs...and Targets...! 28 replies

Attachments: Supply and Demand trading with Fibs
Exit Attachments

Supply and Demand trading with Fibs

  • #501
  • Oct 21, 2011 11:09am Oct 21, 2011 11:09am
usually don't Trade EurNzd. But had a opportunity.

be careful with this pair, as there will be lots of spikes near S/D levels.

But losses covered.
Attached Image (click to enlarge)
Click to Enlarge Name: eurnzd_35pips.gif Size: 42 KB
  • #502
  • Oct 21, 2011 11:26am Oct 21, 2011 11:26am
Lovely trading Zamfir. One question: what are your Bollinger Band settings (assume those are BBs on the charts).

PB


Quoting zamfir
Week is almost over.

Today's trades. No office today. net pips today so far from evening : +244 pips.

Attached screen shots for your reference.

Eurusd and Audcad trades in progress. Will update once orders are closed. might carry over.
  • #503
  • Oct 21, 2011 11:38am Oct 21, 2011 11:38am
Quoting pixelboy
Lovely trading Zamfir. One question: what are your Bollinger Band settings (assume those are BBs on the charts).

PB
pixelboy, I use BB with 50,2 Setting. This is because i want to try and get S/D at the extreme levels..hopefully increasing the probability of the trades.
  • #504
  • Oct 21, 2011 11:47am Oct 21, 2011 11:47am
WELL DONE ZAMFIR!!!

thats what i like to see, i dont take that many trades as im conservative but still, you have imressed me!
  • #505
  • Oct 21, 2011 11:51am Oct 21, 2011 11:51am
Hi Zamfir - Just normal BBands with 50,2? Mine don't look anything like your's when I use those settings.

[confused]

PB


Quoting zamfir
pixelboy, I use BB with 50,2 Setting. This is because i want to try and get S/D at the extreme levels..hopefully increasing the probability of the trades.
  • #506
  • Oct 21, 2011 11:53am Oct 21, 2011 11:53am
Quoting pixelboy
Hi Zamfir - Just normal BBands with 50,2? Mine don't look anything like your's when I use those settings.

[confused]

PB
settings should be 50 - 0 - 2
  • #507
  • Oct 21, 2011 11:58am Oct 21, 2011 11:58am
Got it - thanks!

PB


Quoting deankenny21
settings should be 50 - 0 - 2
  • #508
  • Oct 21, 2011 11:59am Oct 21, 2011 11:59am
Quoting deankenny21
WELL DONE ZAMFIR!!!

thats what i like to see, i dont take that many trades as im conservative but still, you have imressed me!
Thanks dean,

btw...how many trade do you take in a day?.

I usually get friday's off, so i at my tradestation..most of time..sleeping and watching movies..lolz..

but other days..much fewer..hopefully someday i can quit my job..and trade full time..
  • #509
  • Oct 21, 2011 12:00pm Oct 21, 2011 12:00pm
Quoting zamfir
Thanks dean,

btw...how many trade do you take in a day?.

I usually get friday's off, so i at my tradestation..most of time..sleeping and watching movies..lolz..

but other days..much fewer..hopefully someday i can quit my job..and trade full time..
i take around 2 to 4 trades per day

very strict rules, usually lose around 1 per day out of the 3 or 4
  • #510
  • Oct 21, 2011 2:47pm Oct 21, 2011 2:47pm
nice bollinger band setup here
  • #511
  • Oct 21, 2011 2:48pm Oct 21, 2011 2:48pm
Quoting Sgkf
nice bollinger band setup here
8:47pm London time Friday, im miles away from looking for setups now, enjoy the weekend
  • #512
  • Oct 22, 2011 6:53pm Oct 22, 2011 6:53pm
Haven't checked this thread for a while. Seems like more and more people are following the supply and demand technique to trade

would probably drop in the next webinar if there's any.

Good luck to all.
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
  • #513
  • Oct 23, 2011 6:22am Oct 23, 2011 6:22am
Dean/Zamfir - I've been reviewing a load of charts this weekend and I think combining Deans use of the fib fan with Zamfir's BBands looks really powerful. I'd also like to suggest adding in the round number lines as an extra aid to determining reversal probability, if you're not already factoring them in. The '00' prices seem to work really well with the S&D zones (e.g. 1.3500, 1.2700).

PB
  • #514
  • Oct 23, 2011 10:00am Oct 23, 2011 10:00am
Quoting pixelboy
Dean/Zamfir - I've been reviewing a load of charts this weekend and I think combining Deans use of the fib fan with Zamfir's BBands looks really powerful. I'd also like to suggest adding in the round number lines as an extra aid to determining reversal probability, if you're not already factoring them in. The '00' prices seem to work really well with the S&D zones (e.g. 1.3500, 1.2700).

PB
PixelBoy, I m not really good with fibs, I have tried them and they make it harder for me to make my decision , they confuse me more . I m just not one of those people who get fibs. I have used round numbers , yes they do good. But wait, this week i feel there is a surprise coming up for the S/D traders.

Stay tuned...
  • #515
  • Oct 23, 2011 12:12pm Oct 23, 2011 12:12pm
Hi Zamfir - Ooo...I like surprises ;-) Now I'm intrigued!

Agree with you on the fibs. I always find I see them really easily AFTER the move. Never liked the normal fib re-tracement lines.

I use the fan and only look at the 61 and 88 levels which makes it a bit easier. The only thing I did this weekend was draw the fan from a major high to low and watch how the price follows the 61/88 channel in a downtrend and vice versa for uptrend. Uncanny how it sits in the channel. Gives a lot of confidence when the fan line sits behind a zone.

A big thanks to Dean for this pointing out.

PB



Quoting zamfir
PixelBoy, I m not really good with fibs, I have tried them and they make it harder for me to make my decision , they confuse me more . I m just not one of those people who get fibs. I have used round numbers , yes they do good. But wait, this week i feel there is a surprise coming up for the S/D traders.

Stay tuned...
  • #516
  • Oct 23, 2011 12:16pm Oct 23, 2011 12:16pm
Quoting pixelboy
Hi Zamfir - Ooo...I like surprises ;-) Now I'm intrigued!

Agree with you on the fibs. I always find I see them really easily AFTER the move. Never liked the normal fib re-tracement lines.

I use the fan and only look at the 61 and 88 levels which makes it a bit easier. The only thing I did this weekend was draw the fan from a major high to low and watch how the price follows the 61/88 channel in a downtrend and vice versa for uptrend. Uncanny how it sits in the channel. Gives a lot of confidence when the fan line sits behind a zone.

A big thanks...
heres another big GIVEAWAY for you regarding the fans, the 61 fan line is the momentum line it doesnt necsearily act as a wall its wait price uses for momentum, the 88 fan line is the WALL you want to be trading off
  • #517
  • Oct 23, 2011 12:36pm Oct 23, 2011 12:36pm
Quoting deankenny21
heres another big GIVEAWAY for you regarding the fans, the 61 fan line is the momentum line it doesnt necsearily act as a wall its wait price uses for momentum, the 88 fan line is the WALL you want to be trading off
the 88 fan line

For clarification: Aren't you referring to the 78.6 fib retracement on the fan ?
  • #518
  • Oct 23, 2011 12:39pm Oct 23, 2011 12:39pm
Quoting Lou
the 88 fan line

For clarification: Aren't you referring to the 78.6 fib retracement ?
no i am not! Like i said the 88 fan line
  • #519
  • Oct 23, 2011 12:52pm Oct 23, 2011 12:52pm
Curious... how did the 88 number come up since it is not on 'regular' fib tools? Did you experiment and find the 88 ? The number 89 is a fibonnacci number in itself but not a ratio as is the 38.2 and 61.8 .
  • #520
  • Oct 23, 2011 12:54pm Oct 23, 2011 12:54pm
Quoting Lou
Curious... how did the 88 number come up since it is not on 'regular' fib tools? Did you experiment and find the 88 ? The number 89 is a fibonnacci number in itself but not a ratio as is the 38.2 and 61.8 .
its been shown in my webinar many times, people cannot believe how much price uses it to bounce, people have already been calling it "THE MAGIC LINE"

also 38.2 and all them is what ALL of the normal retail traders get, remember 95% retail traders fail, put 2 and 2 together here and you will realise where im going with this.
1 trader viewing now