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Supply and Demand trading with Fibs

  • #821
  • May 28, 2012 5:53am May 28, 2012 5:53am
Quoting cashforex
What about this setup
No did't see that one, also the AUDUSD seemed to have hit some h1 supply just before the h4 level we were looking at...

Can anyone explain why we could have seen this before going with the sell limit?
<---Look Left
  • #822
  • May 28, 2012 5:58am May 28, 2012 5:58am
Just wait its going to climb to H4
  • #823
  • May 28, 2012 5:59am May 28, 2012 5:59am
Quoting IequalsS
No did't see that one, also the AUDUSD seemed to have hit some h1 supply just before the h4 level we were looking at...

Can anyone explain why we could have seen this before going with the sell limit?
To my eyes, the AU H1 supply looks more like a pivot/pullback to the RBD level just above between 9933/9918.

The main issue for me trading the pivot short would be the pockets of H1 demand just below us - no RR.
  • #824
  • May 28, 2012 6:03am May 28, 2012 6:03am
Cashforex, still learning the forex thing, this is the first methodology, I have tried and so get worried about not spotting these kind of things before hand. I agree, it should come through...
<---Look Left
  • #825
  • May 28, 2012 6:06am May 28, 2012 6:06am
Here is another one
Attached Image (click to enlarge)
Click to Enlarge Name: audchf.gif Size: 21 KB
  • #826
  • May 28, 2012 6:24am May 28, 2012 6:24am
Short.

-H
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nu.png Size: 19 KB
Click to Enlarge Name: nu1.png Size: 18 KB
  • #827
  • May 28, 2012 7:05am May 28, 2012 7:05am
Quoting goldfish3
Hi only20gp,

As far as AUD/CAD is concerned I am in 2 minds with these because there have already been responses to the initial supply. But if one was to consider other factors like DIV and TL's it looks good. I have entered one on NZDCAD on some J16 based PA& s/d. which would give the same results as your two pairs. So technically speaking i am also taking the same side as you.

Also just wanted to say that your two pairs are highly positively correlated so my suggestion take only one because you will be exposing your self to twice the risk...
got stopped out on this one @ .782 during aus session.

-H
  • #828
  • May 28, 2012 7:36am May 28, 2012 7:36am
Quoting goldfish3
Short.

-H
Took half off at +20pips. SL placed at -20 pips. Return if SL is hit: 1:0.25. Letting rest run long term.

-H
  • #829
  • May 28, 2012 2:14pm May 28, 2012 2:14pm
Quoting goldfish3
Short.

-H
Stopped out.. Broker increased spread from 2 to 31 within 5 seconds and then back to normal instantly after.


-H
Attached Image (click to enlarge)
Click to Enlarge Name: nu.png Size: 19 KB
  • #830
  • May 28, 2012 3:06pm May 28, 2012 3:06pm
Quoting goldfish3
Stopped out.. Broker increased spread from 2 to 31 within 5 seconds and then back to normal instantly after.


-H
It is crazy!!! Who is the broker?
  • #831
  • May 28, 2012 3:09pm May 28, 2012 3:09pm
Quoting vitall
It is crazy!!! Who is the broker?
Hantec Markets. They are ECN so I dont know how they could jump the spreads so drastically like that. Fine liquidity has been llow as US was off but this is just unfair ii think....
  • #832
  • May 28, 2012 3:12pm May 28, 2012 3:12pm
Quoting goldfish3
Hantec Markets. They are ECN so I dont know how they could jump the spreads so drastically like that. Fine liquidity has been llow as US was off but this is just unfair ii think....
Kind of weird situation...
  • #833
  • May 28, 2012 3:15pm May 28, 2012 3:15pm
Quoting vitall
Kind of weird situation...
It looks like they have computerized dealing desk over there.
  • #834
  • May 28, 2012 9:36pm May 28, 2012 9:36pm
Guys,

Look for S/D in the daily Chart and then come down to the H4 to place your order, this is the method I have been using I don't go any lower then H1 the most for an entry, it takes out lot of the noise,

The Short time frames will give you more set ups but not reliable, plus its less stress full, rest is your decision

For those who are unable read the S/D go through the whole thread dean gives an excellent explanation how to identify the S/D

I will keep on posting my set ups to share with you guys let me know if If I can be more of help to anyone

reagards
cash forex
  • #835
  • May 28, 2012 11:16pm May 28, 2012 11:16pm
Quoting cashforex
Guys,

Look for S/D in the daily Chart and then come down to the H4 to place your order, this is the method I have been using I don't go any lower then H1 the most for an entry, it takes out lot of the noise,

The Short time frames will give you more set ups but not reliable, plus its less stress full, rest is your decision

For those who are unable read the S/D go through the whole thread dean gives an excellent explanation how to identify the S/D

I will keep on posting my set ups to share with you guys let me know if If I can be more...

Great tip, Cashforex.

This is the method that I've been putting effort into the most lately
as well; identify S/D on the dailies and then trade the trend in between.
  • #836
  • May 29, 2012 3:01am May 29, 2012 3:01am
Been eying this since last week. Beautiful hidden DIV, BRN 0.99, top of TL. + heavy supply zone. No touch trade this time decided to wait for some PA. Entered on break of IB on M15.

Taken half off at +30. SL at BE. rest running long term. If my broker doesn't do what he did yesterday.

Best,
-H
Attached Image (click to enlarge)
Click to Enlarge Name: AU.png Size: 18 KB
  • #837
  • May 29, 2012 9:03pm May 29, 2012 9:03pm
Hi guys,

If anyone was on the audusd and nzdjpy with me on short would made good money
lets sit back and wait for another set up

cheers cash forex
  • #838
  • May 29, 2012 11:02pm May 29, 2012 11:02pm
Quoting simond2002
To my eyes, the AU H1 supply looks more like a pivot/pullback to the RBD level just above between 9933/9918.

The main issue for me trading the pivot short would be the pockets of H1 demand just below us - no RR.
Thanks, gotta remember to look out for those pockets developing before!
<---Look Left
  • #839
  • May 30, 2012 1:51am May 30, 2012 1:51am
Quoting goldfish3
Been eying this since last week. Beautiful hidden DIV, BRN 0.99, top of TL. + heavy supply zone. No touch trade this time decided to wait for some PA. Entered on break of IB on M15.

Taken half off at +30. SL at BE. rest running long term. If my broker doesn't do what he did yesterday.

Best,
-H
Closed.

+100 pips r:r 1:2.5

Best,
-H
Attached Image (click to enlarge)
Click to Enlarge Name: AU.png Size: 16 KB
  • #840
  • May 30, 2012 1:51am May 30, 2012 1:51am
Hi guys here is another one setting up let me know what you think
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd.gif Size: 21 KB
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