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Supply and Demand trading with Fibs

  • #881
  • Jun 6, 2012 12:28am Jun 6, 2012 12:28am
Quoting deankenny21
hi, many may already know me here from posting in James16 thread, and Rockys Trading made simple with no lagging indicators thread.

Ive had some nice success mixing these 2 techniques together, and have now created a free to join room on Skype to discuss trading ideas from 5 min timeframes for scalping all the way up to daily etc for longer term trades. I have also added a LIVE trading webinar room with a view of my live desktop as i trade right on front of your eyes.

alot of traders ask other traders that have created a method/system...
Hi, I have added you on skype, my ID: sukkim.lama
TRADE WHAT U SEE NOT WHAT U WANT TO SEE.
  • #882
  • Jun 6, 2012 5:33am Jun 6, 2012 5:33am
Good morning! Just curious what you guys think of this level for a demand zone?
Thanks,
-Sid
Attached Image (click to enlarge)
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  • #883
  • Jun 6, 2012 5:53am Jun 6, 2012 5:53am
nevermind! I guess it was not a very good level. Either that or the ecb press conference had something to do with it. I did not take the trade because of the conference. On to the next seat!
-Sid
  • #884
  • Jun 6, 2012 5:55am Jun 6, 2012 5:55am
Quoting Siddhi69
Good morning! Just curious what you guys think of this level for a demand zone?
Thanks,
-Sid
dont really like the 2 candles before it. here is one im hoping to trigger today.
Attached Image (click to enlarge)
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  • #885
  • Jun 6, 2012 6:13am Jun 6, 2012 6:13am
Thanks for the reply only20! Can you explain what you do not like about the 2 candles before it? Just so I understand better.


I have another chart for everyone. Can you please comment?
Thanks,
-Sid
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.png Size: 58 KB
  • #886
  • Jun 6, 2012 8:14am Jun 6, 2012 8:14am
Quoting Siddhi69
Thanks for the reply only20! Can you explain what you do not like about the 2 candles before it? Just so I understand better.


I have another chart for everyone. Can you please comment?
Thanks,
-Sid
this is a much better area in my opinon, but one thing to consider is how much time did price spend at the level, the least the better. Now it seems price spent alot of time in that area. The previous post, is just that i like it when the level alligns in a perfect rectangle, on the previous chart, the 2 first candles did not allign. Dont know if you know what I mean.

Here is the setup I was eyeing earlier, see how price shot up from that level? it shot up 30 pips before it started to retrace. I have closed half out at 30 pips, and places a TP just before the 1HR supply zone. Gona let this one ride.
Attached Image (click to enlarge)
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  • #887
  • Jun 6, 2012 9:01am Jun 6, 2012 9:01am
no patience today, trade closed....
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  • #888
  • Jun 6, 2012 9:06am Jun 6, 2012 9:06am
a trade in the making
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  • #889
  • Jun 6, 2012 9:15am Jun 6, 2012 9:15am
Personally I don't like this EJ picture. No sharp drop from the zone.

I noticed the zone but then rejected it. Now observing USDJPY pair
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  • #890
  • Jun 6, 2012 10:19am Jun 6, 2012 10:19am
Thanks only20! That does makes sense. Thanks for the explanation.

I did take the eur/aud you talked about in a earlier post. I closed out for a total of 48 pips. Nice level and thanks for the heads up.

I also had the eur/jpy level marked and I am waiting on a seat on that bus. I did have it picked as you had it drawn. So it is nice to get confirmation that I am starting to look at it the right way.

Adios,
-Sid
  • #891
  • Jun 6, 2012 10:25am Jun 6, 2012 10:25am
I have another level that I identified. Would you mind commenting on this level? This is a 4hr chart.

Thanks,
-Sid
Attached Image (click to enlarge)
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  • #892
  • Jun 6, 2012 10:29am Jun 6, 2012 10:29am
Hey Phi1ipp,
Is this by chance what you are looking at on usd/jpy. Just curious if I have the levels correct. This is a 4hr chart
Thanks,
-Sid
Attached Image (click to enlarge)
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  • #893
  • Jun 6, 2012 11:08am Jun 6, 2012 11:08am
Quoting Siddhi69
Hey Phi1ipp,
Is this by chance what you are looking at on usd/jpy. Just curious if I have the levels correct. This is a 4hr chart
Thanks,
-Sid
Yep, that's it. But to aware you I'm just mastering my skill so please think twice before taking the trade...
  • #894
  • Jun 6, 2012 11:27am Jun 6, 2012 11:27am
thanks Phi1ipp! I understand. We are all in this together. Just nice to know I am in the ball park.
-Sid
  • #895
  • Jun 6, 2012 12:13pm Jun 6, 2012 12:13pm
Quoting Siddhi69
I have another level that I identified. Would you mind commenting on this level? This is a 4hr chart.

Thanks,
-Sid
thats a perfect level, id place half my position at the start of the 4H supply and drop down to the 1H and place my other half there too. ususaly its above the 4H supply.

as for the AUDUSD trade from 2 hours back, philip you were right, so I scalped a quick 20 pips from it and closed it.
Attached Image (click to enlarge)
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  • #896
  • Jun 6, 2012 12:44pm Jun 6, 2012 12:44pm
Thanks only20!

I have added a 1hr chart of the eur/usd. I marked a white line where I think you are talking about taking my second have. Can you verify my line?

So I placed half my order at the start of the purple area (4hr. supply) and 2nd half at the white line (1hr. supply). Stops 2 pips outside the 4hr. supply.
-Sid
Attached Image (click to enlarge)
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  • #897
  • Jun 8, 2012 10:30am Jun 8, 2012 10:30am
Quoting goldfish3
Okay so heres Gold, ,made awesome pips with this today. As we can see the market rallied like mad on bad US NFP (every number really). UK is already down and Yen is most likely at its peak before which BOJ wont let it go any higher. This gives gold and silver an opportunity to be safe havens.

Big move up, very likely to retrace to fill up all the left out orders lying there. The key is to identifying where. 61.8 is an obvious point sitting on a decent pivot but the market might not return to it. My strategy is to start filling up my total 1.5%...
Hi Guys,

Just wanted to update here. This big up move from last week worked out perfectly well. Price retraced exactly to the same level picked up all the pending orders and formed a massive pin bar. Glad I have a pending order here from last week. Time to ride this bunny up!!! Wooo Haaaa..

Best,
-H
Attached Image (click to enlarge)
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  • #898
  • Jun 8, 2012 10:43am Jun 8, 2012 10:43am
Quoting goldfish3
Hi Guys,

Just wanted to update here. This big up move from last week worked out perfectly well. Price retraced exactly to the same level picked up all the pending orders and formed a massive pin bar. Glad I have a pending order here from last week. Time to ride this bunny up!!! Wooo Haaaa..

Best,
-H
Very nice Goldfish,

Sweeeet
  • #899
  • Jun 8, 2012 3:03pm Jun 8, 2012 3:03pm
Quoting goldfish3
Hi Guys,

Just wanted to update here. This big up move from last week worked out perfectly well. Price retraced exactly to the same level picked up all the pending orders and formed a massive pin bar. Glad I have a pending order here from last week. Time to ride this bunny up!!! Wooo Haaaa..

Best,
-H
Excellent trade
  • #900
  • Jun 11, 2012 7:21am Jun 11, 2012 7:21am
nobody traded today?
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