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Supply and Demand trading with Fibs

  • #541
  • Oct 25, 2011 12:39pm Oct 25, 2011 12:39pm
When price on a PnF chart breaks lower isn't it a sell signal?

I'm just referring to the charts here: http://www.investopedia.com/articles.../03/081303.asp

How do you read them the opposite way?

PB


Quoting zamfir
Recent trade on NZDJPY 1H.

As it can be seen on both time and price charts , the price has gone into demand levels on both charts. Trade is now taken ..lets see how it goes..
  • #542
  • Oct 25, 2011 12:41pm Oct 25, 2011 12:41pm
Quoting pixelboy
When price on a PnF chart breaks lower isn't it a sell signal?

I'm just referring to the charts here: http://www.investopedia.com/articles.../03/081303.asp

How do you read them the opposite way?

PB
Yes correct, but look where the price is in ..its in a demand level. LOOK to the left ...its broken a smaller support level but heading into a demand level.
  • #543
  • Oct 25, 2011 12:43pm Oct 25, 2011 12:43pm
Another example to help identify a more accurate S/D level. this is on the current AudChf 15m chart.
Attached Image (click to enlarge)
Click to Enlarge Name: audchf_15m.gif Size: 38 KB
  • #544
  • Oct 25, 2011 12:55pm Oct 25, 2011 12:55pm
Hi Zamfir - Thanks for this chart. That makes it a bit clearer. So if the price on the PnF chart had been within the consolidation zone, you would take that as a confirmation signal, or would you be looking for the price to break long on the PnF?

I need to study PnF charts!

PB


Quoting zamfir
Another example to help identify a more accurate S/D level. this is on the current AudChf 15m chart.
  • #545
  • Oct 25, 2011 12:59pm Oct 25, 2011 12:59pm
Quoting pixelboy
Hi Zamfir - Thanks for this chart. That makes it a bit clearer. So if the price on the PnF chart had been within the consolidation zone, you would take that as a confirmation signal, or would you be looking for the price to break long on the PnF?

PB
PB, it's not very complicated. All i m saying is try and match the S/D levels on both time and price charts to get a high probable entry. you will get many entries on the time charts alone, but if you look the PnF charts , that will tell you if the price is really in a S/D level.

Same rules as given by Sam sieden apply on the PnF charts.
  • #546
  • Oct 25, 2011 1:49pm Oct 25, 2011 1:49pm
I dont want to make traders confuse with new stuff but as some are discussing it already so here is my little help.

http://www.tradingacademy.com/lesson...ks_article.htm
  • #547
  • Oct 26, 2011 2:10pm Oct 26, 2011 2:10pm
Today was a holiday. Had sometime to trade.

blew up the current account , because of experimental reasons...

but created a new account, few trades taken today as market was a bit slow from morning today.

best was eurjpy with 140 pips...

usdchf in progress currently 40 pips in profit. day is over for me..

good night everyone!!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpy_140pips.gif Size: 33 KB
Click to Enlarge Name: usdchf_inprogress.gif Size: 29 KB
  • #548
  • Oct 26, 2011 5:07pm Oct 26, 2011 5:07pm
Quoting zamfir
Today was a holiday. Had sometime to trade.

blew up the current account , because of experimental reasons...

but created a new account, few trades taken today as market was a bit slow from morning today.

best was eurjpy with 140 pips...

usdchf in progress currently 40 pips in profit. day is over for me..

good night everyone!!
nice trading
  • #549
  • Oct 26, 2011 11:09pm Oct 26, 2011 11:09pm
update on the usdchf..

woke up with 110 pips..

also had take nzdcad..good 30 pips there..

Got work today....see you all later..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nzdcad_30pips.gif Size: 34 KB
Click to Enlarge Name: usdchf_140pips.gif Size: 32 KB
  • #550
  • Oct 27, 2011 2:34am Oct 27, 2011 2:34am
hi a pleasant trading day to everyone, i've come across this thread and it seems good...

mr. dean guile, are you still conducting the live skype trading?

if you still do, how can i join?

thanks! and more power to all of you on this thread!

happy pipping!
In GOD We TRUST !!! "REPETITION is the mother of all SKILLS." -Bo Sanchez
  • #551
  • Oct 27, 2011 3:23am Oct 27, 2011 3:23am
Quoting alright
I wouldn't either of course. Was just checking my understanding about zones... Will look for more, hoping I get access soon to the skype room

Alright, have sent you a PM
  • #552
  • Oct 27, 2011 4:26am Oct 27, 2011 4:26am
Quoting bootsyjam
Alright, have sent you a PM
hi, how can i get access to that skype room too?

thanks!
In GOD We TRUST !!! "REPETITION is the mother of all SKILLS." -Bo Sanchez
  • #553
  • Oct 27, 2011 4:42am Oct 27, 2011 4:42am
Quoting Awin
hi, how can i get access to that skype room too?

thanks!
add dean.guile to skype
  • #554
  • Oct 27, 2011 8:16am Oct 27, 2011 8:16am
Quoting deankenny21
add dean.guile to skype
Thank you so much Mr. Dean!
When will be your next live room?
In GOD We TRUST !!! "REPETITION is the mother of all SKILLS." -Bo Sanchez
  • #555
  • Oct 27, 2011 4:01pm Oct 27, 2011 4:01pm
Hi pixel boy!

What's is your setup for your pnf charts?
Siez of box etc...???
  • #556
  • Oct 27, 2011 4:23pm Oct 27, 2011 4:23pm
Quoting bootsyjam
Alright, have sent you a PM
Just checked: I have no PMs.
  • #557
  • Oct 27, 2011 4:45pm Oct 27, 2011 4:45pm
Hi Forethan - I'm not using the PnF charts. I tried setting them up, but I couldn't get my head around how to use them properly.

PB

Quoting Forethan
Hi pixel boy!

What's is your setup for your pnf charts?
Siez of box etc...???
  • #558
  • Oct 28, 2011 12:18am Oct 28, 2011 12:18am
Hi Guys,

if you find PnF charts difficult to use, please don't use them in your analysis.

It's just another way of looking @ S/D levels, its not magic or its not better than
anything you are already doing.

Keep it simple and do what you are doing best now..
  • #559
  • Oct 28, 2011 10:31am Oct 28, 2011 10:31am
took a long on audjpy today with a nice 2 to 1 reward risk

first chart is my demand level, nice demand level can be seen clearly even for those uneducated in those studies.

second chart, is my confirmation to enter, semafor appeared second one double bottom to some ppl. HA then closed green with stochs also going green. and of coure the fail at pivot was in place
entry was red vertical line, and TP was pink horizontal line, aiming for the m3 midpivot point i put TP just before it as i dont want to be fighting to tp right on the M3 pivot.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audjpydemand.jpg Size: 155 KB
Click to Enlarge Name: jpya.gif Size: 45 KB
  • #560
  • Oct 28, 2011 10:49am Oct 28, 2011 10:49am
Dean - Your post is very timely. I was just thinking about using something like the symphonie system or BB MACDs on an M5 chart as confirmation for entering S&D trades. I've been targeting them using M30 charts.

Nice to see you're using something similar.

PB


Quoting deankenny21
took a long on audjpy today with a nice 2 to 1 reward risk

first chart is my demand level, nice demand level can be seen clearly even for those uneducated in those studies.

second chart, is my confirmation to enter, semafor appeared second one double bottom to some ppl. HA then closed green with stochs also going green. and of coure the fail at pivot was in place
entry was red vertical line, and TP was pink horizontal line, aiming for the m3 midpivot point i put TP just before it as i dont want to be fighting to tp right on the M3 pivot....
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