Attachments: Supply and Demand trading with Fibs

Supply and Demand trading with Fibs

#981
Jul 4, 2012 4:48am Jul 4, 2012 4:48am

Rsherl01
| Joined Oct 2011 | Status: Trader | 121 Posts

Quoting simond2002

Disliked

Hey Rsherl01,

Cheers for sharing this. I'm kind of taking a similar path
myself and have to say that I feel blessed to have "discovered"
Supply/Demand trading while still reasonably early on in
my trading career.

I started out trading a range bar system whose designers
advocate a momentum crossover method. The theory seemed pretty
straightforward but I just couldn't trade it profitably and
it was only once I had discovered Sam Seiden's teachings and
really focussed hard on what he was saying that I begun to
understand why this was.

I'm certainly...

Ignored

Simond,

WIth regards TFs i think sticking to the bigger ones while demo trading the LTFs is best option at present. Personally I look to the bigger ones then zoom in to refine my entries. Sometimes you can tell to the exact pip. Gives you a great Risk Reward ratio and the option to let some ride on the trade.
You should look at the homework given out by a trade called Ifmyante in the Price is Everything Chatroom in the members forum. Some of the homework involves picking the best levels, compression and QM (quasimodo) setups which occur frequently are are great indicators of a reversal. I have been trying to spot these live now for weeks and hopefully they are coming to me easier lately. Some great trades can be got at the start of these with low risk.

You should also follow the Dollar Index when trading a Dollar pair. If the Dollar is in Supply/Demand which matches up with Demand/Supply on the Eur/Usd you also have a high probability of your trade being succesful.

#982
Jul 4, 2012 5:22am Jul 4, 2012 5:22am

cashforex
| Joined Sep 2011 | Status: supply & demand all the way | 236 Posts

Hi Simond02

First I like to thankyou for your feedback I try my best to help my fellow traders to succeed,

To Answer your question, I try not to focus on how many pips im going to use for my S/L whether its 20pips 30 or 40, what I focus on is what is my risk to reward ratio is going to be for example if see an potential set up and my stop loss is at 40pips ill make sure that my target is going to be 120pips

hope this helps
cheers
cashforex

#983
Jul 4, 2012 5:35am Jul 4, 2012 5:35am

cashforex
| Joined Sep 2011 | Status: supply & demand all the way | 236 Posts

One thing I'm struggling with is deciding which timeframe to trade in.
I'd prefer to stick to D1/H4 but the risk is often just too much
for me.

Hi Simond

If you going to trade S/D then to get the best results its best to trade the longer time frames, if you feel the risk is to high for you then try to look for an good supply or demand level on the daily time frame then drop to the 4HR and then drop to 1HR to find your entry should be manageable

hope this helps
cash forex

#984
Jul 4, 2012 8:08am Jul 4, 2012 8:08am

simond2002
Joined May 2012 | Status: ... | 1,925 Posts

Quoting cashforex

Disliked

Hi Simond02

First I like to thankyou for your feedback I try my best to help my fellow traders to succeed,

To Answer your question, I try not to focus on how many pips im going to use for my S/L whether its 20pips 30 or 40, what I focus on is what is my risk to reward ratio is going to be for example if see an potential set up and my stop loss is at 40pips ill make sure that my target is going to be 120pips

hope this helps
cheers
cashforex

Ignored

Hey cashforex,

Thanks for your input/guidance - it helps.

#985
Jul 4, 2012 8:18am Jul 4, 2012 8:18am

simond2002
Joined May 2012 | Status: ... | 1,925 Posts

Quoting Rsherl01

Disliked

Simond,

WIth regards TFs i think sticking to the bigger ones while demo trading the LTFs is best option at present. Personally I look to the bigger ones then zoom in to refine my entries. Sometimes you can tell to the exact pip. Gives you a great Risk Reward ratio and the option to let some ride on the trade.
You should look at the homework given out by a trade called Ifmyante in the Price is Everything Chatroom in the members forum. Some of the homework involves picking the best levels, compression and QM (quasimodo) setups which occur frequently...

Ignored

Hi Rsherl01,

Thanks for the heads up. I took a look over at those threads and will spend time over the coming days and weeks working my way through.

Attached is a H4 supply level I'm waiting on. The long wicks are of a concern but I think that yesterday you showed how working in the M5 timeframe makes taking a trade at these levels a realistic prospect.

Attached Image (click to enlarge)

Click to Enlarge

Name: 4.7.12 EU.jpg
Size: 373 KB

#986
Jul 4, 2012 8:56am Jul 4, 2012 8:56am

deankenny21
Joined Jan 2011 | Status: Senior Member - Pro FX Trader | 2,736 Posts

Hey Guys!!!! Well what can i see, my thread over here is very much alive and being beneficial to alot of people i see, i havent been very active lately as you have noticed as i have been in my own world trying to concentrate everything to take another step further in my trading career, but thanks for everyone keeping this thread alive, alot of ppl being active posting charts and setups, other ppl also helping others with how they judge risk reward etcetc, so again many thanks everyone, Deankenny

#987
Jul 4, 2012 2:27pm Jul 4, 2012 2:27pm

vitall
Joined Oct 2009 | Status: Trader | 1,023 Posts

EUR/USD H4: It looks like the pair is going down to the nice Demand zone, what do you think, guys?

Attached Image (click to enlarge)

Click to Enlarge

Name: usd-chf weekly.gif
Size: 16 KB

#988
Jul 4, 2012 5:16pm Jul 4, 2012 5:16pm

cashforex
| Joined Sep 2011 | Status: supply & demand all the way | 236 Posts

Vitall

nice pic

#989
Jul 4, 2012 5:28pm Jul 4, 2012 5:28pm

bodine
| Joined Feb 2012 | Status: Trader | 108 Posts

Quoting Rsherl01

Disliked

bodine,

Apologies PIE stands for Price is Everything.. Have a read through that thread and let me know what you think!!

Ignored

Thanks!

#990
Jul 5, 2012 1:09am Jul 5, 2012 1:09am

ruten
| Joined Dec 2011 | Status: Trader | 82 Posts

Quoting vitall

Disliked

EUR/USD H4: It looks like the pair is going down to the nice Demand zone, what do you think, guys?

Ignored

Hi!
Looks like good, but we need to see the "price arrival" to that level, and them risk/reward ratio.
Be happy.

#991
Jul 5, 2012 3:35am Jul 5, 2012 3:35am

simond2002
Joined May 2012 | Status: ... | 1,925 Posts

Quoting vitall

Disliked

EUR/USD H4: It looks like the pair is going down to the nice Demand zone, what do you think, guys?

Ignored

Hi Vitall,

Looks good. I've placed a couple of "in case" retrace levels that I'm looking at too. The blue shaded box is a H4 and if we
get there would be a 38.2 retrace of this week's move down.

The level in the green lines is H1 and if we see a spike up there sometime during today's LDN/NY I may look at shorting.

Comments welcome.

Attached Image (click to enlarge)

Click to Enlarge

Name: EU5.7.12.jpg
Size: 339 KB

#992
Jul 5, 2012 4:09am Jul 5, 2012 4:09am

ruten
| Joined Dec 2011 | Status: Trader | 82 Posts

If the price return...

Attached Image (click to enlarge)

Click to Enlarge

Name: pound2.gif
Size: 31 KB

#993
Jul 6, 2012 5:45am Jul 6, 2012 5:45am

leerees
| Joined Sep 2011 | Status: Trader | 174 Posts

Quoting deankenny21

Disliked

Hey Guys!!!! Well what can i see, my thread over here is very much alive and being beneficial to alot of people i see, i havent been very active lately as you have noticed as i have been in my own world trying to concentrate everything to take another step further in my trading career, but thanks for everyone keeping this thread alive, alot of ppl being active posting charts and setups, other ppl also helping others with how they judge risk reward etcetc, so again many thanks everyone, Deankenny

Ignored

Hi Dean,

what method are you currently trading, last time I read your posts you were using the fratelli system, have you gone back to supply and demand trading, if so is it still like you explained in your webinars or have you changed anything?

{Promotion Removed}

#994
Jul 7, 2012 4:21pm Jul 7, 2012 4:21pm

PipPupil
| Joined Feb 2012 | Status: Trader | 6 Posts

Here's a little visual checklist I made, based on Dean's teachings and ideas. Use it to look for high probability supply and demand trades, a la Dean Kenny.

Attached Image (click to enlarge)

Click to Enlarge

Name: SupplyAndDemandModelTrade copy.jpg
Size: 217 KB

#995
Jul 11, 2012 4:24am Jul 11, 2012 4:24am

simond2002
Joined May 2012 | Status: ... | 1,925 Posts

Hey guys,

I'm shocked this morning to read reports in the news about Russ Wassendorf Sr., the CEO of PFGBest, which is the USA based broker that I've been demo trading with for nearly one year.

Wassendorf has attempted suicide just after his company's accounts (and of course those of his customers') have been frozen pending a serious investigation regarding the misrepresentation of client funds. As the story develops I believe PFGBest have filed for liquidation.

What is more shocking to me is that a PFGBest company rep telephoned me just a few days ago and we spoke for a while about my readiness to deposit funds and go live!

Up until today I had fully intended to use PFGBest as my broker because their spreads were so competitive. Obviously things have now changed. I have tried OANDA but I have to say that circa 10-20pips spread on the EU during LDN high volatility is crazy. Alpari seems ok but one can never tell.

Out of interest, which brokers do you guys use? Any that you guys are really happy with? Any that you're not? I'm based in London and will need to consider a UK based outfit. At least if things go down the pan one can go knock on the door!

#996
Jul 12, 2012 4:57am Jul 12, 2012 4:57am

deankenny21
Joined Jan 2011 | Status: Senior Member - Pro FX Trader | 2,736 Posts

Quoting leerees

Disliked

Hi Dean,

what method are you currently trading, last time I read your posts you were using the fratelli system, have you gone back to supply and demand trading, if so is it still like you explained in your webinars or have you changed anything?

Ignored

I was not using the Fratelli system other than fun and research, i always made it clear that my main account is supply and demand, and i only did the fratelli test as a thing on the side because i had so much spare time, as always it was a system that was too mechanical and of course failed along with udines system.

#997
Jul 12, 2012 7:10am Jul 12, 2012 7:10am