Hero calls followed by margin calls...
My E-Book about supply/demand trading - have fun
- #122
- May 5, 2012 6:41am May 5, 2012 6:41am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Hero calls followed by margin calls...
- #123
- May 5, 2012 7:17am May 5, 2012 7:17am
- Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
MT4/MT5 EAs/Indicators/Alerts coder
- #124
- May 5, 2012 7:32am May 5, 2012 7:32am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Hero calls followed by margin calls...
- #127
- Edited 10:09am May 7, 2012 9:51am | Edited 10:09am
hey guys nice to know u lot are doing well with your trades i am new to supply and demand and would like to ask a few questions
1. can we find daily trades on this
2. has anybody used the supdem indicator on mt4
3. when price forms a base then rallies, at the base is that where u plot your supply or demand zone.
4. when starting fresh do u look at the most recent rallies in price to draw the zones or can u go back a few days
5. lastly can u filter out the bad ones that will only giv u a few pips to the ones that can give u over 50
thankyou...
2. Don't use any indicator that you will find on the net, they are not working. You can develop your own one but it's quite hard to develop an algorithm to spot supply and demand zones.
3. Phanti provides you through his ebook many examples that should help you to better understand how to spot supp/demand.
4. I use the recent ones but it depends on PA. Have a look at the pound, during the rally (from 1.58 to 1.63) it breaks most of the recent supplies zones so in that kind of case you need to go back a few weeks earlier.
5. Well, I'm not able to do it yet
Phanti thank you for your ebook, really useful one !
About your risk manangement, I would like to know what is your typical ration reward:loss ?
- #128
- May 7, 2012 10:34am May 7, 2012 10:34am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
1. From m5 to weekly, supp/dem is working. At the begining, it's "easier" to trade on H4/Daily.
2. Don't use any indicator that you will find on the net, they are not working. You can develop your own one but it's quite hard to develop an algorithm to spot supply and demand zones.
3. Phanti provides you through his ebook many examples that should help you to better understand how to spot supp/demand.
4. I use the recent ones but it depends on PA. Have a look at the pound, during the rally (from 1.58 to 1.63) it breaks most of the recent...
Sounds really good, but i will add some things...nothing offensive though
1. From m5 to weekly, supp/dem is working. At the begining, it's "easier" to trade on H4/Daily.
Even on the M1 and the monthly.
Supply / demand works everywhere since we do trade same price levels, doesnt matter which timeframe we are on.
2. Don't use any indicator that you will find on the net, they are not working. You can develop your own one but it's quite hard to develop an algorithm to spot supply and demand zones.
Right.
Since i dont know who coded the indicator and also dont know how it has been coded i dont use it.... all in all you dont need them...
3. Phanti provides you through his ebook many examples that should help you to better understand how to spot supp/demand.
This is pretty hard to explain. The E-Book is a good start, continue here :
http://www.forexfactory.com/showthread.php?t=2331
http://www.forexfactory.com/showthread.php?p=5644707
4. I use the recent ones but it depends on PA. Have a look at the pound, during the rally (from 1.58 to 1.63) it breaks most of the recent supplies zones so in that kind of case you need to go back a few weeks earlier.
Take those that you can spot yourself. Take the major and clearest ones.
5. Well, I'm not able to do it yet
Well imho there are no bad or good ones. Either the setup fits your trading rules or not. If so we expect a special move, we can't be right 100 %. There will be losers, trick is to earn more pips than losing in the long run....to keep it very simple i wont go into detail regarding RM,MM,r:r etc.
Dont stop asking if anything keeps unclear...
thanks again to landre for the quick reply.
kind regards,
Jonas
Hero calls followed by margin calls...
- #129
- May 7, 2012 10:35am May 7, 2012 10:35am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
I have problems previously to understand the supply demand concept from other threads because of my poor English.. but Phanti describe everything in much simple manner. Thanks.
keep up your efforts ,
regards,
Jonas
Hero calls followed by margin calls...
- #131
- May 8, 2012 5:14am May 8, 2012 5:14am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Thankyou for the response hopefully I can master this
Hero calls followed by margin calls...
- #132
- May 8, 2012 9:35am May 8, 2012 9:35am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
one before i leave for the day....
dont stuck with just one pair...increase the range to get more and better setups..
dont stuck with just one pair...increase the range to get more and better setups..
Hero calls followed by margin calls...
- #134
- May 9, 2012 6:50am May 9, 2012 6:50am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Phanti: Please check the attached charts. I do not know how this person drew this trend lines. I like the trend line in the first chart, the one start from top goes down. Can you explain? Does it make sense to you?.. please ignore all the other indicators this poster used.. I don't remember who posted this..
Hero calls followed by margin calls...
- #135
- May 9, 2012 6:56am May 9, 2012 6:56am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Hero calls followed by margin calls...
- #137
- May 10, 2012 12:15pm May 10, 2012 12:15pm
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
hey phanti i would like to ask have you used supply and demand on a 5min chart and is rally base rally more reliable or rally base drop
Any timeframe, any pair... i promise
rally base rally more reliable or rally base drop
bulls win.
bears win.
pips get slaughtered.
thank you for your request, hope this helps...
never stop asking until you mastered this business
kind regards,
Jonas
Hero calls followed by margin calls...
- #138
- May 10, 2012 7:06pm May 10, 2012 7:06pm
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
Studying 4H charts. Interesting to notice that if you look at where price turned on a 4H chart then trace it to the left you can almost always determine the area of supply or demand resulting in the reversal. Sounds obvious but looking/studying at the characteristics of the 4H candles in those areas as they rose or fell, stalled, then reversed is somewhat enlightening and for me may lead to a method of trading just by looking at 4H charts and respective s/d areas.
Many s/d traders seem to scalp out of s/d areas using 1M and 5M time frames but this requires constant screen attention. So a s/d method on HTF would be nice. Just some thoughts and posted here because I know you look for longer term trades.
4h chart posted shows recent 4H activity on AU. Could one have entered trades just off signals in the 4H candles. In hindsight I think I could have but I'm always looking at 1M and 5M charts so haven't really notices.
Many s/d traders seem to scalp out of s/d areas using 1M and 5M time frames but this requires constant screen attention. So a s/d method on HTF would be nice. Just some thoughts and posted here because I know you look for longer term trades.
4h chart posted shows recent 4H activity on AU. Could one have entered trades just off signals in the 4H candles. In hindsight I think I could have but I'm always looking at 1M and 5M charts so haven't really notices.
Hi PhAnTi', thank you very much for your e-book. I was reading your other thread (Pivot + RXS + Stochastic on M15 & M30 - Intraday rangebound) when I accidentally found this thread. The e-book gives me a clearer picture about the concept, good job and thanks for sharing
- #140
- May 13, 2012 3:57am May 13, 2012 3:57am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Hi PhAnTi', thank you very much for your e-book. I was reading your other thread (Pivot + RXS + Stochastic on M15 & M30 - Intraday rangebound) when I accidentally found this thread. The e-book gives me a clearer picture about the concept, good job and thanks for sharing
glad to see you around.
Yes, i stopped posting in the old thread several months ago because i changed my way of trading like removing the stoch indie etc.
hope you are doing well,
dont hesitate to ask any if necessary.
kindest regards,
Jonas
Hero calls followed by margin calls...