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Supply and Demand trading with Fibs

  • #561
  • Oct 28, 2011 10:53am Oct 28, 2011 10:53am
Quoting pixelboy
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

yes! although s and d for me has been profitable, whats wrong with trying to improve on things. With this i can project easier tp levels and also using price action study along with confirmation can be quite powerful.
  • #562
  • Oct 28, 2011 11:07am Oct 28, 2011 11:07am
Couldn't agree more. S&D levels seems like a perfect compliment to a short timeframe oscillator system. The other thing you may want to work in, if you're not already are the big news events as, obviously, these are the things which often cause the changes in the big daily swings. I've just switched to using OANDA for my entries and chart analysis and am really starting to appreciate seeing the news event flags at the bottom of the screen. Just another thing to put price into perspective.

PB

Quoting deankenny21
yes! although s and d for me has been profitable, whats wrong with trying to improve on things. With this i can project easier tp levels and also using price action study along with confirmation can be quite powerful.
  • #563
  • Oct 28, 2011 12:09pm Oct 28, 2011 12:09pm
Hey Everyone..

Just Finished reading this Whole Thread of the back of finished reading Rocky's thread, and he clearly states not to complicate things, and no need for any other Indicators, especially Lagging ones.

Lets face it , that's why we started reading this Thread as it was all Price-action alone.

Yes, we will get losers with any system, and it needs to be accepted and not tried to filter out with lagging indicators , which will only lead to more unnecessary clutter. So keep it Simple Guys .

Look forward to studying the charts, and point out Trading opportunities in the future.

Have a good weekend all, from the Sunny West Australia
  • #564
  • Oct 28, 2011 2:10pm Oct 28, 2011 2:10pm
Market is not moving today..i guess people are fearful of greece..

yesterday the jpy crosses moved a bit. i m in three of them NZD,EUR and GBP.

so far ok. but they are moving very very slowly...net +150 pips..

i guess week is closing..

There is not much to post. once i close the trades i will post the trades.
  • #565
  • Oct 28, 2011 3:31pm Oct 28, 2011 3:31pm
Quoting zamfir
Market is not moving today..i guess people are fearful of greece..

yesterday the jpy crosses moved a bit. i m in three of them NZD,EUR and GBP.

so far ok. but they are moving very very slowly...net +150 pips..

i guess week is closing..

There is not much to post. once i close the trades i will post the trades.
150 pips! not so bad mate!

how much is your target?
In GOD We TRUST !!! "REPETITION is the mother of all SKILLS." -Bo Sanchez
  • #566
  • Oct 29, 2011 2:11am Oct 29, 2011 2:11am
Awin,

I m trading these JPY crosses on higher timeframes H4. expecting atleast another 100 pips.


But like i said market was very slow this friday. Lets see monday evening.
  • #567
  • Oct 29, 2011 6:38am Oct 29, 2011 6:38am
Quoting zamfir
Awin,

I m trading these JPY crosses on higher timeframes H4. expecting atleast another 100 pips.


But like i said market was very slow this friday. Lets see monday evening.
Hi zamfir, you strike me as a trader with a lot of sense, would you mind recommending a good broker...i am not so happy with my current broker although i would still want to keep my account with them open..

i am planning to open a new account with a different broker, and oanda seemed ok...would you mind telling me what is your current broker?

you all here started a very helpful & very informative thread, kudos to the great Dean Guile....man, you started something that spans across the globe now!

thanks, your thoughts will be greatly appreciated!
In GOD We TRUST !!! "REPETITION is the mother of all SKILLS." -Bo Sanchez
  • #568
  • Oct 29, 2011 6:41am Oct 29, 2011 6:41am
Quoting deankenny21
yes! although s and d for me has been profitable, whats wrong with trying to improve on things. With this i can project easier tp levels and also using price action study along with confirmation can be quite powerful.
Hello mr. dean guile any upcoming live room for next week?

we here, on the other side of the globe salute you!

In GOD We TRUST !!! "REPETITION is the mother of all SKILLS." -Bo Sanchez
  • #569
  • Oct 29, 2011 7:55am Oct 29, 2011 7:55am
Quoting Awin
Hi zamfir, you strike me as a trader with a lot of sense, would you mind recommending a good broker...i am not so happy with my current broker although i would still want to keep my account with them open..
I m currently wiith hotforex and alpari.
  • #570
  • Oct 30, 2011 7:59pm Oct 30, 2011 7:59pm
Hi Guys,

I agree 100percent with Apple15 we should not try to complicate things, as I have been following this simple PA method from sam,and rocky's system for about couple of months Know and i took my demo account from $50k to $100k, and, i all we need to focus on is the Correct S/D and trade those zones and watch the $$$$$$$ roll in, i don't even use the Fibs as i find them too confusing, i just use my vision to locate the S/D Plain and Simple, i tried all these messy indicators before and believe me they force you to over trade, with this method all you need to do is mark out your S/D and then set limit orders and relax

regards
cashforex for Oz sydney
  • #571
  • Oct 31, 2011 10:04am Oct 31, 2011 10:04am
Alright guys,

Good lesson coming up.

Last week i had taken trades on the JPY crosses. esp the EUR GBP and NZD.

All of them failed today. Why you ask?. See the attached charts.

But i had also taken NZD/CAD. good 60+ pips their.

Why one worked and others failed ?

The higher time frame S/D are very powerful. this is the lesson to be learned here. ALWAYS make sure you are on the correct side by doing Multi-Time frame analysis. Sometimes we get in a hurry and don't take time to do MTF analysis. But it is very very important to do it to know where you are in the bigger picture.

we hear a lot about MTF analysis in the videos and forums, but unless you experience it , you will never learn the lesson.

Again most important lessons summed up.

1. ALWAYS do MTF analysis before taking any trades.
2. Higher TF S/D levels are very very powerful. learn to use them.

See attached charts.

comments welcome.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpy_failed.gif Size: 25 KB
Click to Enlarge Name: eurjpy_monthly.gif Size: 34 KB
Click to Enlarge Name: nzdcad_15m.gif Size: 32 KB
Click to Enlarge Name: nzdcad_weekly.gif Size: 87 KB
  • #572
  • Oct 31, 2011 10:11am Oct 31, 2011 10:11am
Continuing.....the previous post. A nice setup has formed for AUDCAD pair.

We are in the monthly Supply levels. Weekly is failing ...(See attachments)

try and look for entries in short time frames...

Good luck catching the pips..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audcad_monthly.gif Size: 34 KB
Click to Enlarge Name: audcad_weekly.gif Size: 30 KB
  • #573
  • Oct 31, 2011 10:20am Oct 31, 2011 10:20am
Quoting zamfir
Alright guys,

Good lesson coming up.

Last week i had taken trades on the JPY crosses. esp the EUR GBP and NZD.

All of them failed today. Why you ask?. See the attached charts.

But i had also taken NZD/CAD. good 60+ pips their.

Why one worked and others failed ?

The higher time frame S/D are very powerful. this is the lesson to be learned here. ALWAYS make sure you are on the correct side by doing Multi-Time frame analysis. Sometimes we get in a hurry and don't take time to do MTF analysis. But it is very very important to do it to know where...


Hi zamfir

Very good lesson,we can all do with learning it

Appreciate your input to this thread
  • #574
  • Oct 31, 2011 10:35am Oct 31, 2011 10:35am
hy zamfir!
you are short at aud-cad?
what is the TF?
this time?

Quoting zamfir
Continuing.....the previous post. A nice setup has formed for AUDCAD pair.

We are in the monthly Supply levels. Weekly is failing ...(See attachments)

try and look for entries in short time frames...

Good luck catching the pips..
  • #575
  • Oct 31, 2011 10:56am Oct 31, 2011 10:56am
Quoting stevebalmmer
hy zamfir!
you are short at aud-cad?
what is the TF?
this time?

yes look to short aud-cad on shorter time frames. i don't go below 15M.
  • #576
  • Oct 31, 2011 10:59am Oct 31, 2011 10:59am
Quoting zamfir
Another example to help identify a more accurate S/D level. this is on the current AudChf 15m chart.
how do I get the price charts on mt4
  • #577
  • Oct 31, 2011 11:05am Oct 31, 2011 11:05am
Quoting Spacetec
how do I get the price charts on mt4
point and figure indicator. There are many floating around FF. I have also attached one in my previous posts.
  • #578
  • Oct 31, 2011 11:54am Oct 31, 2011 11:54am
Quoting zamfir
point and figure indicator. There are many floating around FF. I have also attached one in my previous posts.

thnx Zamir tht really helps with price action around s/d levels
  • #579
  • Oct 31, 2011 2:40pm Oct 31, 2011 2:40pm
Another nice setup forming, this time on EURAUD Daily.

Good luck catching the pips.
Attached Image (click to enlarge)
Click to Enlarge Name: euraud_daily.gif Size: 39 KB
  • #580
  • Nov 1, 2011 9:57am Nov 1, 2011 9:57am
just came from work.

I m now running on a live account with very little money. I can only take one trade. I took usd/cad yesterday.

Good 50 pips
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad_m15_50pips.gif Size: 31 KB
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