Supply and Demand Journal

Supply level I am currently looking to trade



See post 13 for the supply level, the red demand level below is not really a good demand level that is just the first level that I see price rejecting from. It is my target.

Anyway, my entry is 1.3601, Sl 1.3617, target 1.3543, 16 pip stop loss, 58 pip target, in between 3:1 and 4:1.

EDIT: Order removed price never reached my entry.

Here is what I am currently looking at, the first chart shows my demand level that the trade will be based on.



The second chart shows my current supply level and my take profit. My take profit is at the first place that price may stall.



This will be a 12 pip stop and a 68 pip take profit so almost 6:1. I am also watching the supply level, I may take a short off of that if price makes it there before it hits demand level.

EDIT: I will not be taking the short off the supply level, it would be a 21 pip stop with a 50 pip take profit. It does not quite meet my 3:1 minimum. The long is still valid, problem with the short is there is a small demand level that formed during this last move. That would be my first take profit for the short.

I think I am through trading till after Thanksgiving, been ranging hard all day actually for the last week or so. So all orders are removed, and I believe I may take a nap.

I hope everyone has had a wonderful Thanksgiving, I will be back to trading as usual Monday. I am currently trading these supply/demand zones off of the 5 minute charts with no regard to trend. I am doing this so that I can get a feel for how the markets react at these zones. I am not expecting to be incredibly profitable by doing this, so this is more for experience using supply/demand. My idea is to trade one portion of the strategy, get good at it, gain confidence, then add the next piece if needed. Trade the next piece for a while, gain confidence in it, compare results with previous results, add next piece if needed.

This system is going to be my entry system, am actually looking at position trading off of small time frames using this entry system and a mechanical trade management that should get me in and keep me in for some large moves.

That however is some time in the future, for now, just practicing the entries. Sorry for the rambling, I have been away from the markets for a few days and have been doing a lot of thinking about my longer term goals in trading and thought I would put them at least partly in writing.

I have been away from the forums, and from trading for a while. Have traded every now and then, between working 70+ hours a week and family life do not have much time left. Will be starting back sporadically will probably mostly be off of higher time frames. Occassionally I may be able to trade actively on shorter time frames. Supply and Demand lines will still be my entry, may stack a few positions once price goes my direction, and can get first position to B/E. I trade small percentage 1/2 to 1/4 percent. If I am able to stack the goal would be to take profit with all but my largest, leave it at B/E to ride the trend. I have 2 accounts, one for shorts and one for longs. I will sometimes take a counter trend trade even if I have positions on the main trend. That is the reason for two trade explorers. Anyway, hoping I have time to trade and journal only time will tell I guess.

EDIT: Took a small trade and closed it because explorer did not seem to be working. Fixed now so ignore first trade. It was based on nothing and only 1 unit. For some reason it was not showing my second explorer till after I took the trade.

Currently looking at 1.1649 for a short on EUR/USD
Order is in for EUR/USD 1.1649 SL 1.1676 TP 1.15650
27 pip risk for 84 pip gain. Slightly better than 3:1.

Did not see a good demand level to go long off of except on weekly, and it is 300 pips away, looking at the weekly and monthly trend is confused, lots of ranging, could be an uptrend, or a large retracement of the longer term down trend, or could be falling into a range. Hard to see atm. Looking at the daily this could be a double bottom, either way should be able to make my target.

If I am around I may trail the stop, if not will let it run to sl or tp. Not around a computer at the moment so cannot post a chart. Will post it as soon as I get a chance.

Trade was triggered, currently 13 pips in profit. Stop loss moved to B/E. So either no loss or TP. 65 pip five minute candle brought me most of the way to my entry.

Out at B/E.

This is my idea for EN, it is going to touch suppy zone, prepare for short.

"I have recently started studying Sam Seiden's supply and demand trading. "

Bro,

do NOT fall for the Supply and Demand FAIRYTALE.

I have SHOWN you why this is incorrect and a TRAP.

Stay safe,
FF

https://www.forexfactory.com/showthr...4#post11214844

Everyone is entitled to their own opinions, your thread looks interesting. Do not currently have time to go through your information. This is my trading journal, am live testing supply and demand. Truthfully everything in the market is a fairy tale, all setups fail.

I really do not appreciate you advertising your thread on my journal. Your post came across to me as blatant advertising to gain followers, only time will tell your true intent.

And from the link you posted I saw no proof whatsoever of anything, just a link to your thread. Anyway, as stated this journal is a place for me to post my trades. Not to argue over the validity of the method, I have little time to even trade, much less argue with random people on the internet.

My trades are taken based on supply and demand, so far results are decent. Have not traded supply and demand much, if it is a fairy tale my trades will not turn a profit. Big deal, I only trade small amounts of money on strategies until I prove that I can be profitable with it.

Best regards,
rgrace

It made it to your level only time will tell .