Supply and Demand trading with Fibs | Page 39 | Forex Factory

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Supply and Demand trading with Fibs

  • #761
  • May 16, 2012 8:36am May 16, 2012 8:36am
Did anyone get in on the AUD/USD. PA breached daily and 4hr Demand and a hammer cutting through the 786 and 618 fib retracement on daily chart. Limit order to enter trade @ 0.9888.
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  • #762
  • May 16, 2012 8:39am May 16, 2012 8:39am
Quoting liemo
Did anyone get in on the AUD/USD. PA breached daily and 4hr Demand and a hammer cutting through the 786 and 618 fib retracement on daily chart. Limit order to enter trade @ 0.9888.
this trade on demand i mentioned last week i was in on it, got 50 pips in the positive, so i moved stop to BE but i am now out of that trade, remember these zones are ALWAYS at least good enough for a reaction to get into breakeven.
  • #763
  • May 17, 2012 8:22am May 17, 2012 8:22am
Does anybody have this pair on a radar?
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  • #764
  • May 17, 2012 8:37am May 17, 2012 8:37am
Quoting phi1ipp
Does anybody have this pair on a radar?
I didnt see that one, but on my platform it has touched that area once before. still it looks good though. however, im eyeing this one
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  • #765
  • May 17, 2012 11:34am May 17, 2012 11:34am
Stopped out
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  • #766
  • May 17, 2012 11:46am May 17, 2012 11:46am
Quoting only20gp
I didnt see that one, but on my platform it has touched that area once before. still it looks good though. however, im eyeing this one
You're in a good profit now
  • #767
  • May 17, 2012 11:49am May 17, 2012 11:49am
Took this trade
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  • #768
  • Edited 12:37pm May 17, 2012 12:05pm | Edited 12:37pm
I took these trades, already got some profit from some long trades before.
It's a war zone between bull and bear right now, i'll stay with this long positions until it break the zone
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  • #769
  • May 17, 2012 12:10pm May 17, 2012 12:10pm
guys u need to be careful couple of these trades are taken from swing lows rather than a demand zone u need to know the difference, for example look at this GBPJPY trade a poster took a few posts ago, this is a swing low, not a demand zone can easily be broken, there was no consolidation equal bars in a row etc, showing equlibrium. Once you can tell the difference your strike rate will increase.
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  • #770
  • May 17, 2012 12:23pm May 17, 2012 12:23pm
Now here is a quick trade i took today while we are trending strongly, notice the long row of bars all nearly in line, its NOT a swing high, its a perfect eqilbrium, price was stuck there for a while, then it broke down, I now know this area has "FRESH" sellers sitting there, coz it was equal so thats how i know they are fresh winners. I got 40 pips from this move from a 19 pip risk.

You can find these all over the place on all timeframes, remember a swing high or low is not fresh, ignore swings, look for equal balance like this, nice long balance where price is pretty much going in a straight line.
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  • #771
  • May 17, 2012 1:36pm May 17, 2012 1:36pm
2 differences on the same chart, now im not saying eurusd will not go up here it might do, but not a trade for me, as u can see its not quite equlbrium, now notice my upper level where i sold at, price perfectly went in a straight line for a few days like a rectangle before price broke down. These are the subtle differences u need to watch out for.
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  • #772
  • May 17, 2012 1:41pm May 17, 2012 1:41pm
Quoting deankenny21
Now here is a quick trade i took today while we are trending strongly, notice the long row of bars all nearly in line, its NOT a swing high, its a perfect eqilbrium, price was stuck there for a while, then it broke down, I now know this area has "FRESH" sellers sitting there, coz it was equal so thats how i know they are fresh winners. I got 40 pips from this move from a 19 pip risk.

You can find these all over the place on all timeframes, remember a swing high or low is not fresh, ignore swings, look for equal balance like this, nice long...
Interesting observation as Sam tells that the less a price was in a zone the more is inbalance and the stronger is move out off the zone. According to you it's vice versa, isn't it?
  • #773
  • May 17, 2012 1:45pm May 17, 2012 1:45pm
Quoting phi1ipp
Interesting observation as Sam tells that the less a price was in a zone the more is inbalance and the stronger is move out off the zone. According to you it's vice versa, isn't it?
No thats exactly true!! but u still need the equilibrium, look at my chart above price found a eqilbrium, the upper level im talking, and only there for 3 bars or so and left, next time price visited didnt even get a chance, it went straight down, no drawdown whatsoever.

This is where people are getting confused, we need price to stall and make a eqilibrium, BUT the shorter time is better BUT i say again, it still needs to make an eqilbrium.

What you guys are doing are going look its demand, its a swing low, because price didnt stay there long, NONONONO!!!!!! thats demand being used up from somewhere else, we dont wanna trade OLD demand, so when it creates a sideways movement we now know at least this area is fresh once it breaks out one way!!
  • #774
  • May 17, 2012 2:08pm May 17, 2012 2:08pm
Thank you Dean!

You made a post of a great value as I noticed that what's looking as a proper zone doesn't work as expected. I'd like you make some comments and observations as a topic starter and an experienced SD-trader! I strongly believe that everybody will benefit a lot out of your posts.

And may I ask you to comment the pic? Here there are 2 zones: are they valid and which one would you have taken?
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  • #775
  • May 17, 2012 5:16pm May 17, 2012 5:16pm
Quoting phi1ipp
You're in a good profit now
Nope, actualy got stopped out by like 1 pip or so before price retraced. very fustrating.
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  • #776
  • May 17, 2012 5:48pm May 17, 2012 5:48pm
Quoting only20gp
Nope, actualy got stopped out by like 1 pip or so before price retraced. very fustrating.
That is a swing and not valid supply the validsupply was slightly above where price reacted im on phone at mo so cant show chart
  • #777
  • May 17, 2012 6:43pm May 17, 2012 6:43pm
Quoting only20gp
Nope, actualy got stopped out by like 1 pip or so before price retraced. very fustrating.
Can you see now where you traded from was a swing high and was that only, it was NOT a supply zone, the real zone was slightly above where price congested and went sideways, that area you traded from was actually the first touch of the supply i marked, hence it didnt go far into it, todays entry into supply which is second touch went much deeper which of course makes sense, coz orders have already been filled from the first touch of the supply, you see how easy it becomes if you can learn from these mistakes you will spot these in the future.
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  • #778
  • May 17, 2012 6:51pm May 17, 2012 6:51pm
Is this the same picture Dean? I don't like the wick though.
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  • #779
  • May 17, 2012 6:53pm May 17, 2012 6:53pm
Quoting alvin2434
Is this the same picture Dean? I don't like the wick though.
yes thats a good area you picked, thats more like it, congestion of candles its not a swing, and it wasnt in balance for long, you would be unlucky if that didnt play out
  • #780
  • May 17, 2012 7:00pm May 17, 2012 7:00pm
Quoting deankenny21
yes thats a good area you picked, thats more like it, congestion of candles its not a swing, and it wasnt in balance for long, you would be unlucky if that didnt play out
Thanks Dean, it's a million dollar worth answer, i wish my trade worth millions of dollar, but we'll be there sometime in the future
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