Supply and Demand trading with Fibs

Quoting psd

Disliked

one of Sam Seiden's Odds Enhancers is TIME AT LEVEL which is described as:



In a post above Dean said:



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

Ignored

Quoting deankenny21

Disliked

Basically what we want to see is sideways price action, but not to a point of extreme consolidation, around 3 or 4 bars is the best to look for and then the shoot out from the area. SL and SH are only 1-2 bars but remember to always look left, that second time u attempted to mark a demand zone u have to look left and you see this is already one thats in action.

Ignored

Quoting deankenny21

Disliked

This was one of my recent trades from this post

http://www.forexfactory.com/showthre...78#post5374878

notice the sideways action, for a few bars nothing major
lots of fighting going on, pins up and down then finally the bears pushed and quite hard when they won, so selling here was a no brainer for me.

Ignored

Quoting psd

Disliked

That makes sense, thanks again!

Here's one I missed this morning - my own fault.

Ignored

Quoting deankenny21

Disliked

not bad

rally base rally here, only one bar wide, but of course these will work, but they are not as strong as the ones mentioned earlier. Also try plotting a fibs, sometimes you will be pleasently surprised when fib levels fall perfectly in line with these levels.

Ignored

Quoting psd

Disliked

I plotted a fib ret on the H1 from the obvious low to the obvious high and the gray line you can barely see is the 23.6 though, from what I've read, 23.6 isn't that important. I think you guys say the 50 and especially 61.8 are good? I haven't got around to using Fib Fans as I want to get the basics down first

Yeah, I have recently made notes in my 'rules' to look at the big picture trend then look for drop > base > rally or rally > base > drop zones as they have a higher probability of working out.

Sorry about the image quality, too - it...

Ignored

Quoting deankenny21

Disliked

good, but now watch the magic really hit you hard, its ok doing the extremes but remember, as long as its a swing low or high you can use it as a fib point, now look at chart 1 38.2 from this fib runs smack bang on your levels you marked, now even better chart 2 using this swing low as our point we get the "MAGIC" 61.8 running smack bang also through the zone. Just doing these simple things really shows you the power of an area. IT even still impresses me, when i plotted these fibs just now.

Ignored

Quoting psd

Disliked

Here are some demand zones I marked out on an H4 EURUSD chart

Ignored

Quoting FOURX

Disliked

hey psd, do you attend the kype room , if so what time is it open?

Ignored

Quoting psd

Disliked

Hey FOURX, sorry for the late reply. No, I haven't attended it actually I've only listened to the first of the recorded sessions from post 1.

All I've read is that you probably need to add Dean to Skype, in other posts he says his username is:
dean.guile

Can't say for sure if it's still going on, though, sorry!

Ignored

Quoting FOURX

Disliked

I guess its no longer active,getting no response to skype message,and I do know he was around last evening on this thread,but did not respond, ah well!

Ignored

Quoting BadgerPips

Disliked

Hey Dean, like you I study Sam's techniques but went away from it. Started reading your thread and giving it another try. Would love your comments on this daily chart. Thanks....Dan

Ignored