Supply and Demand trading with Fibs | Page 33 | Forex Factory

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Supply and Demand trading with Fibs

  • #641
  • Dec 26, 2011 5:59pm Dec 26, 2011 5:59pm
Hope everyones having a nice christmas and wish everyone a happy new year, i also hope some of you made money on my christmas call couple posts back some excellent easy pips on this easy retail trading only time. When all banks and institutions are out for christmas
  • #642
  • Jan 4, 2012 6:35pm Jan 4, 2012 6:35pm
Where is Dean?
  • #643
  • Jan 4, 2012 6:43pm Jan 4, 2012 6:43pm
Quoting rozario173
Where is Dean?
im here
  • #644
  • Jan 4, 2012 6:58pm Jan 4, 2012 6:58pm
Ah ok, no rush, ready to join and learn.
  • #645
  • Jan 5, 2012 2:24am Jan 5, 2012 2:24am
Quoting deankenny21
im here
Hi Dean,

Is the Skype group still active?

Thanks.
  • #646
  • Jan 5, 2012 5:00am Jan 5, 2012 5:00am
Quoting Cun
Hi Dean,

Is the Skype group still active?

Thanks.
yes very much so, if u want to come in add dean.guile to skype
  • #647
  • Jan 7, 2012 2:44pm Jan 7, 2012 2:44pm
Hi, I followed Rockys thread and now I am very happy to see you continuing with supply and demand. I tryed to contact you via skype and I will try it again, thank you for this nice work. I am trying to trade with rockys way combined with Ken Chow. Keep up the good work...
  • #648
  • Edited 12:08pm Jan 29, 2012 10:34am | Edited 12:08pm
Hi Dean,
nice to meet you again here after Fratelli's thread....

I've added you today in my Skype and hope to follow you soon.
I'm reading your whole thread, but can't wait to join the trading room to see better how to define properly S/D zones.
I think the right identification of Supply/Demand zones could be the real keystone of successful trading. Thanks for sharing your knoweledge.

I have a Suppl/Demand indi you posted in another thread. Do you still use it?

BTW, just to make some exercise: Here is a Daily Chart of EURUSD.
Have I correctly identified nearest SUPPLY/DEMANDS ZONES?
Attached Image (click to enlarge)
Click to Enlarge Name: supdem2.jpg Size: 96 KB
  • #649
  • Jan 30, 2012 12:03pm Jan 30, 2012 12:03pm
I'm happy today..... Why? Coz I made 10 pips.......
You could think: "This guy is crazy"!

I'm not... and I'll tell you why

Yesterday I read 1/2 of this thread and drew a Demand Box on my 5m EURUSD Chart.
Today I set a P.O. (Buy Limit @ 1.3140 SL 1.3130 TP 1.3150) and went out from my home.......

Price bounced right there for >20 pips !!!

I was wandering in the dark until yesterday, jumping from thread to thread whare many people explained complicate theories about market. And the thinghs were two: 1) Nothing worked as they said 2) The sentence was always it's trader's fault in misunderstanding the market (or the whole trading itself)....

Here I've read plain and quiet explanations about how market works, and I've been able to understand and identify in my chart at least one of the Supply/Demand patterns: Rally/Base/Rally...
Well...it worked.....
Maybe beginners luck...? I think not....... and, if we look @ the chart now...the same exact zone became Supply zone.....
Is it just a fluke?

Thank you very much Dean!
Attached Image (click to enlarge)
Click to Enlarge Name: first supply demand.jpg Size: 97 KB
  • #650
  • Jan 30, 2012 12:51pm Jan 30, 2012 12:51pm
Quoting Aztrader2
I'm happy today..... Why? Coz I made 10 pips.......
You could think: "This guy is crazy"!

I'm not... and I'll tell you why

Yesterday I read 1/2 of this thread and drew a Demand Box on my 5m EURUSD Chart.
Today I set a P.O. (Buy Limit @ 1.3140 SL 1.3130 TP 1.3150) and went out from my home.......

Price bounced right there for >20 pips !!!

I was wandering in the dark until yesterday, jumping from thread to thread whare many people explained complicate theories about market. And the thinghs were two: 1) Nothing worked as they said...

Welcome AZ, so glad people are still getting something from this, it is one of those light up in the dark moments, the moment you finally click on it will change your world
  • #651
  • Feb 10, 2012 9:08am Feb 10, 2012 9:08am
Nice daily supply zone hit on eurusd almost to the pip, with the 38.2 also running through it.
Attached Image (click to enlarge)
Click to Enlarge Name: chf2.gif Size: 28 KB
  • #652
  • Feb 12, 2012 5:22am Feb 12, 2012 5:22am
Quoting deankenny21
Nice daily supply zone hit on eurusd almost to the pip, with the 38.2 also running through it.
I'm eyeing off this demand zone on the H1. It scored quite well in the Odds Enhancers (9/10) and has the Fib Fans going for it - if it reaches that area at that time that is!

Unfortunately, I can't catch your live sessions Dean but I'm very grateful to be able to listen recordings of past ones - thanks very much for that! In the handful of demo trades I've taken I've been amazed at the accuracy of the S&D method (along with fib rets and fib fans, of course). Thanks so much for that, too, it's given me new hope that I could be successful at this one day!

Sorry for gushing but it's exciting stuff

Regards,
psd
Attached Image (click to enlarge)
Click to Enlarge Name: 20120213 eurusd 01.jpg Size: 111 KB
  • #653
  • Feb 12, 2012 7:57am Feb 12, 2012 7:57am
Quoting psd
I'm eyeing off this demand zone on the H1. It scored quite well in the Odds Enhancers (9/10) and has the Fib Fans going for it - if it reaches that area at that time that is!

Unfortunately, I can't catch your live sessions Dean but I'm very grateful to be able to listen recordings of past ones - thanks very much for that! In the handful of demo trades I've taken I've been amazed at the accuracy of the S&D method (along with fib rets and fib fans, of course). Thanks so much for that, too, it's given me new hope that I could be successful at this...
You have to be very careful here you just commited the first and most popular rookie mistake of supply and demand, what you marked is a swing low and is NOT a demand area, for an area to be vaild we need conolidation of price an equlibrium if you will.
  • #654
  • Feb 12, 2012 8:29am Feb 12, 2012 8:29am
Dean, I just stumbled upon this thread and wanted to thank you for sharing so much of your knowledge. I'd like to join your Skype traderoom, and have added dean.guile to my contacts in Skype. Can you relate the remaining details of how to join the room? For example, is there a specific time it's open?

Thanks again.
  • #655
  • Feb 12, 2012 5:28pm Feb 12, 2012 5:28pm
Quoting deankenny21
You have to be very careful here you just commited the first and most popular rookie mistake of supply and demand, what you marked is a swing low and is NOT a demand area, for an area to be vaild we need conolidation of price an equlibrium if you will.
Thanks for the clarification! Would this mean that the zone below (as per screenshot below) would be more appropriately labelled a Demand Zone?

If I've understood correctly, we want price to be in balance/equilibrium at the 'base' before rapidly moving in either the buyer's or seller's direction? If so, would this then be termed a Drop > Base > Rally?
Attached Image (click to enlarge)
Click to Enlarge Name: 20120213 eurusd 02.jpg Size: 112 KB
  • #656
  • Feb 12, 2012 5:52pm Feb 12, 2012 5:52pm
Quoting psd
Thanks for the clarification! Would this mean that the zone below (as per screenshot below) would be more appropriately labelled a Demand Zone?

If I've understood correctly, we want price to be in balance/equilibrium at the 'base' before rapidly moving in either the buyer's or seller's direction? If so, would this then be termed a Drop > Base > Rally?
I thought about it some more and realised that what I originally marked as a Demand Zone doesn't fit either of the descriptions Drop > Base > Rally or Rally > Base > Rally.

Back to looking for proper zones!

/psd
  • #657
  • Feb 12, 2012 9:07pm Feb 12, 2012 9:07pm
Hey Psd,

If you having problems locating the correct S/D why don't you download the S/D indicator which Dean has uploaded, I found it really useful and use it on all my charts, takes out lot of the stress locating the correct S/D hope this helps

Cheers
Cash Forex
  • #658
  • Feb 12, 2012 10:41pm Feb 12, 2012 10:41pm
Quoting cashforex
Hey Psd,

If you having problems locating the correct S/D why don't you download the S/D indicator which Dean has uploaded, I found it really useful and use it on all my charts, takes out lot of the stress locating the correct S/D hope this helps

Cheers
Cash Forex
I read the entire thread and missed that! Thanks, Cash Forex, I'll go have a look back for it

/psd
  • #659
  • Feb 13, 2012 12:57am Feb 13, 2012 12:57am
Quoting psd
I read the entire thread and missed that! Thanks, Cash Forex, I'll go have a look back for it

/psd
Found it by going through all of Dean's attached files (it was in another thread).

For anyone else that wants it, here's the link to Dean's post with the file:
http://www.forexfactory.com/showthre...77#post4954777
  • #660
  • Feb 13, 2012 1:45am Feb 13, 2012 1:45am
one of Sam Seiden's Odds Enhancers is TIME AT LEVEL which is described as:

Quote
Very much in line with first enhancer - strength. At price levels with supply and level out of balance the most, price will spend the least amount of time at the level. The textbooks talk about this in the opposite way.

At price levels with the most imbalance, price will spend the least amount of time: few candles.

If price is in balance, price will stay there a long time. it is equilibrium, we dont want to trade there. We want to trade at the extremes.

In a post above Dean said:

Quoting deankenny21
You have to be very careful here you just commited the first and most popular rookie mistake of supply and demand, what you marked is a swing low and is NOT a demand area, for an area to be vaild we need conolidation of price an equlibrium if you will.
I understand that my area was a swing low and not a Demand zone - that is very clear now and I thank you very much for pointing that out.

What I'm not clear on is whether or not we want equilibrium. Are the definitions of equilibrium different in each case?

/psd
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