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  • #1,021
  • May 13, 2012 5:49am May 13, 2012 5:49am
Quoting rocky
Hi, I've been a full time forex future trader for almost 4 years now and that's how I make my living. I trade strickly Price Action using Supply and Demand zones, not support or resistance, there is a big difference. I trade with Ninja trader platform but will post with the Interbank FX platform. The trades that I have posted are the trades I have taken with my other broker. In my live account I usually trade 2 to 4 standard lots.

I owe my success to Sam Seiden, pull him up on YouTube, you might learn something new. I also us fib extensions in...

Hi Rocky,


Just want to say thank you for showing me the right direction, I started learning PA from your thread, it started with your single post I read at the "Trading made simple" thread and have followed you and all PA trading guys in this forum.......I'm starting live shortly after a long time educating myself and putting in screen time................Thank you once again and god bless.

  • #1,022
  • May 14, 2012 3:12am May 14, 2012 3:12am
Carrying on from a few posts I made last week on GBPJPY.

Risk on 7 trades =7
Reward on the 7 trades=22
1 trade broke even 1:1.

No losses if I could of traded these setups during the day.
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  • #1,023
  • May 15, 2012 5:22am May 15, 2012 5:22am
the following is my analysis of chfjpy, PA is approaching the daily demand and 4 hr demand. 61.8 fib retracement @ 84.75 and 141.4 fib ext @ 84.76.
looking to go long this pair @ 84.80 and take profit @ 85.89.Added bonus if PA falls outside the BB will drop to lower TF to check if it does. I'd appreciate if anyone could comment on this trade and tell me if there is anything wrong. Cheers.
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  • #1,024
  • May 15, 2012 5:39am May 15, 2012 5:39am
Quoting liemo
the following is my analysis of chfjpy, PA is approaching the daily demand and 4 hr demand. 61.8 fib retracement @ 84.75 and 141.4 fib ext @ 84.76.
looking to go long this pair @ 84.80 and take profit @ 85.89.Added bonus if PA falls outside the BB will drop to lower TF to check if it does. I'd appreciate if anyone could comment on this trade and tell me if there is anything wrong. Cheers.
great spotting man, missed this one as i was away from the pc. already up 30+ pips.
  • #1,025
  • May 15, 2012 5:50am May 15, 2012 5:50am
Quoting only20gp
great spotting man, missed this one as i was away from the pc. already up 30+ pips.
hope there are still more sellers to drive PA down deeper into the 4hr demand. This is a good thread we should try keep it alive. Let the legend live on.
  • #1,026
  • May 15, 2012 6:28am May 15, 2012 6:28am
Seeing another setup on the AUDNZD:

Weekly chart : 50% fib retracement, TL bounce

4hr chart: supply @ (1.2903 -30), 1.618 fib retracement @ 1.2912 and 70.7 fib retracement (this is an additional fib level I use which Rocky doesn't use) and PA outside BB.

Question: Did I draw my demand level correctly on the weekly chart correctly? How do I draw the next supply zone on the weekly chart?
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  • #1,027
  • May 15, 2012 9:38am May 15, 2012 9:38am
3 trades this week

EurGbp 1H
GbpChf 1H
AusUsd Daily
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  • #1,028
  • May 15, 2012 9:51am May 15, 2012 9:51am
only20gp do you only use s/d and BB to determine your trade setup? anything else to provide further confirmation?
  • #1,029
  • May 15, 2012 10:07am May 15, 2012 10:07am
Quoting liemo
only20gp do you only use s/d and BB to determine your trade setup? anything else to provide further confirmation?
To be honest I rarely look at the BB, but i cant say I always ignore it.
For me, I keep it simple. Just supply and demand.

But very important are the odd enhancers

1> how price left the level, quicker, stronger = better
2> How far did it travel before it retraced back to the level
3> if going short, is there a demand level close by? if there is i stay away
if going long, is there a demand level close by? if there is i stay away

4> very very very important, overall direction of the trend. If im trading the 15M chart and price hits a damand level, I look at the direction of the 4H and Daily, if they are against my 15M setup I stay away. only trade with the trend, it almost doubles your chances of success.

But if trading the 4H, i dont really pay attention to that. but one thing i then do when tradng the 4H is drop down to the 15 M and look at how price really left the area. I trade this way and right now I can say im hitting about 90% win ratio

dont pick every level, pick the really good ones. "eliminate your risks"
But this is just my way. I keep it really simple.

Oh, lastly, since most people here trade spot forex (against the broker) my stops are usually higher than most other traders. as brokers normally know the avarage supply demand trader will put there stop just after the level, so alot of times price will go just over the level to take out stops and then reverse. but thats my style of trading and it works for me
  • #1,030
  • May 15, 2012 10:35am May 15, 2012 10:35am
Quoting only20gp
To be honest I rarely look at the BB, but i cant say I always ignore it.
For me, I keep it simple. Just supply and demand.

But very important are the odd enhancers

1> how price left the level, quicker, stronger = better
2> How far did it travel before it retraced back to the level
3> if going short, is there a demand level close by? if there is i stay away
if going long, is there a demand level close by? if there is i stay away

4> very very very important, overall direction of the trend. If im trading the 15M chart and price hits a damand level,...
Thanks for the insight. A few questions to your points:

2) The further and stronger the move to the zone the better ?

4) Do you use lower highs (for downtrends) and higher highs (uptrend) to determine your trend?

Any comments on my AUDNZD charts? Any constructive criticism welcome, it's all part of the learning curve.

Hope you dont mind if I added you to my friends list
  • #1,031
  • May 15, 2012 10:46am May 15, 2012 10:46am
Quoting liemo
Thanks for the insight. A few questions to your points:

2) The further and stronger the move to the zone the better ?

4) Do you use lower highs (for downtrends) and higher highs (uptrend) to determine your trend?

Any comments on my AUDNZD charts? Any constructive criticism welcome, it's all part of the learning curve.

Hope you dont mind if I added you to my friends list
I think you are trading futures, as my chart is alittle diffrent, if you are reffering to the supply area from back in march as it is here in the chart, personaly i would not take it because it is not a fresh area, as you can see, price retraced back to the level before.

but go with what you analysis tell you.
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  • #1,032
  • May 15, 2012 10:59am May 15, 2012 10:59am
I only trade spot forex. The chart difference must be due to the different datafeed/platform.

2am here in aussie better hit the sack. Appreciate your help. Adios Amigo.
  • #1,033
  • May 20, 2012 6:42pm May 20, 2012 6:42pm
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  • #1,034
  • May 21, 2012 4:02am May 21, 2012 4:02am
Hey Rocky / all. Just found the thread and thanks for all the good info posted. I also use structures and PA, but some of the techniques discussed are new to me. I watched a few of Sam's videos and read the first 30 or so pages, but could not find exactly how the supply/demand area is drawn. For example, to draw a supply area, it seems you don't use the extreme wick, more the bodies of the candles? Is there a formula? I understand how to choose the levels, and the theory behind it, it's just the width of the zone I don't understand.
I used to draw my levels of supply at the very wick of a pivot high before a breakdown. I've heard them called, 'the pivots of pain' as any buyers there immediately lost money. But I am trying to get away from exact prices, which can be run through, or undercut, and these areas seem the way to go.

ps Rocky - I just saw your latest chart. Seems you've developed your techniques and nice to see the .786% fib in there. It's my favourite. ) I've studied Carolyn Boroden (Fibonacci Queen), and Ken Chow, who takes fibs and structures to another level. Don't use them exclusively, but always more confident when there is confluence.
  • #1,035
  • May 21, 2012 4:36am May 21, 2012 4:36am
Thanks Rocky, well explained.
  • #1,036
  • May 21, 2012 8:23am May 21, 2012 8:23am
My attempt at drawing supply area for EUR/USD. Easier when the move is underway! LOL. http://img856.imageshack.us/img856/4853/6esupply.png

So the yellow box denoting supply area is drawn from pivot lows before the breakdown (any buyers buying apparent support will be locked in), up to the pivot highs before the breakdown (the highest locked in buyers).

Anyway, I'm kind of guessing, and just putting this up in the hope of being corrected (the best way to learn IMHO).
  • #1,037
  • May 21, 2012 10:59am May 21, 2012 10:59am
Hey rocky, I think that the target is going to be around 50% Fibo. What is your opinion?
  • #1,038
  • May 22, 2012 7:30am May 22, 2012 7:30am
Here's a fast Eur scalp trade I just made as I was about to head out the door. I'll explain the set up when I return home. Rocky...


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  • #1,039
  • May 22, 2012 6:56pm May 22, 2012 6:56pm
http://www.forexfactory.com/attachme...1&d=1337689779 (http://www.forexfactory.com/attachment.php?attachmentid=967516&d=1337689779)

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  • #1,040
  • May 22, 2012 7:07pm May 22, 2012 7:07pm
http://www.forexfactory.com/attachme...1&d=1337557328 (http://www.forexfactory.com/attachment.php?attachmentid=966455&d=1337557328)

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