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S/D Zones, risk ratio = 3

  • #21
  • Jul 3, 2012 1:51pm Jul 3, 2012 1:51pm
Quoting Gibril
Hi landre,

here's the Chart. Trying to learn. hope I place the SR lines it correctly

Gibril.
I did a quick update for the USDCAD chart, I have another 4h demand zone but well it's an old one and I don't really trust it..let's how it reacts.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdcad 1h 2012.07.03 bis.png Size: 53 KB
Click to Enlarge Name: usdcad 4h 2012.07.03.png Size: 51 KB
  • #22
  • Jul 4, 2012 1:29am Jul 4, 2012 1:29am
Hello guys,

I took a last trade yesterday evening, sorry I did not post it "on live".

NZDUSD :
sold @0.8054
SL : 0.8072
TP : 0.8000

The pair has been ranging between the ~0.806 and the ~0.8013 since some hours .
My entry was good but then again I did not sold it, my TP was not well set, see the 1h chart...
So well I'm still in that trade, let's see what happens.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nzdusd 4h 2012.07.04.png Size: 49 KB
Click to Enlarge Name: nzdusd 1h 2012.07.04.png Size: 49 KB
  • #23
  • Jul 4, 2012 1:44am Jul 4, 2012 1:44am
Quoting landre
1H chart for the EUR JPY today :
Entry point was good but the 100.32 demand zone has resisted..
At the moment, we are stuck in the supply zone, my SL has been hitted on a spike.
Just a quick update on the EURJPY, I got stopped yesterday and there the pair went down to test again the ~100.3 zone which hasn't been broken.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy 1h 2012.07.04.png Size: 52 KB
  • #24
  • Jul 5, 2012 2:41am Jul 5, 2012 2:41am
Hello guys,

FA gonna be important today with the BCE rate annoucement and the press conference.

Yesterday, EURUSD finally broke the 1.255 zone.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 1h 2012.07.05.png Size: 80 KB
  • #25
  • Jul 5, 2012 2:43am Jul 5, 2012 2:43am
The EURJPY came back to 99.85 zone that I have been talking about since 3 days. It's too bad that I got stopped on Thursday.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy 1h 2012.07.05.png Size: 81 KB
  • #26
  • Jul 5, 2012 2:46am Jul 5, 2012 2:46am
Quoting landre
NZDUSD :
sold @0.8054
SL : 0.8072
TP : 0.8000
Still in that trade...NZDUSD did not move a lot yesterday, it's stuck in a small range. I still did not take my profit on the new test of the 4h demand..I have moved my SL to BE and my TP to 0.7970...but I don't really feel it.

SL : 0.8054
TP : 0.7970
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd 1h 2012.07.05.png Size: 72 KB
  • #27
  • Jul 5, 2012 3:25am Jul 5, 2012 3:25am
This morning is going to be so long...

I think most of you know those threads but those two pdf are really useful :

B.S. Trading with Kenneth Lee :
http://www.forexfactory.com/showthre...24#post4894224

Phanti's E-Book about supply/demand trading :
http://www.forexfactory.com/showthre...85#post5553285

I like this thread too :

DarkWolf's thread (4h and daily trading) :
http://www.forexfactory.com/showthread.php?t=322468

You can post your charts on this thread if you want.
  • #28
  • Jul 5, 2012 6:47am Jul 5, 2012 6:47am
Quoting landre
Still in that trade...NZDUSD did not move a lot yesterday, it's stuck in a small range. I still did not take my profit on the new test of the 4h demand..I have moved my SL to BE and my TP to 0.7970...but I don't really feel it.

SL : 0.8054
TP : 0.7970
Got stopped at BE.

Don't anticipate breaking of demand zones, I should just play with my 1H S/D zones.
  • #29
  • Jul 5, 2012 8:07am Jul 5, 2012 8:07am
Try one on the USDJPY, I will post chart later.

80.05 zone is a supply zone.

Sell @80.04
SL 80.20
TP 79.65

I will probably move my SL to BE quickly and I will maybe reduce my TP as the last 1h bar is so bullish...
  • #30
  • Jul 5, 2012 8:15am Jul 5, 2012 8:15am
Quoting landre
Try one on the USDJPY, I will post chart later.

80.05 zone is a supply zone.

Sell @80.04
SL 80.20
TP 79.65

I will probably move my SL to BE quickly and I will maybe reduce my TP as the last 1h bar is so bullish...
Chart...sorry I don't have MT4 here so it's not the usual colors^^.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY 1h 2012.07.05.png Size: 39 KB
  • #31
  • Jul 5, 2012 10:37am Jul 5, 2012 10:37am
Quoting landre
Sell @80.04
SL 80.20
TP 79.65
ATM 79.94..small profit. I don't move my SL to BE yet, there could be one more test of this 80.00 area.

I set two pending orders on the EURUSD :

Sell @1.2420 SL : 1.2437 TP : 1.236
Buy @1.236 SL 1.2345 TP 1.242 => This one was not far from being executed (1.2363 today's low)

I am going to cancel them tomorrow morning if they have not been executed because there could be big moves with the NFP annoucement.

PS : NZDUSD is still ranging..
  • #32
  • Jul 5, 2012 11:59am Jul 5, 2012 11:59am
Quoting landre
Sell @80.04
SL 80.20
TP 79.65
The USDJPY chart..let's see what happens..I'm still looking for my first winner hum..somebody wants to buy my free signal service ?
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy 1h 2012.07.05.png Size: 67 KB
  • #33
  • Jul 5, 2012 12:10pm Jul 5, 2012 12:10pm
Quoting landre

I set two pending orders on the EURUSD :

Sell @1.2420 SL : 1.2437 TP : 1.236
Buy @1.236 SL 1.2345 TP 1.242 => This one was not far from being executed (1.2363 today's low)

EURUSD chart for today, it breaks a lot of demand zones, we need to switch to the 4h chart to find new demand zone (~1.236).
We need a break of the 1.236 to go down maybe for a test of the year's low. 1.242 is a good zone to load some shorts.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd 4h 2012.07.05.png Size: 78 KB
Click to Enlarge Name: eurusd 1h 2012.07.05 bis.png Size: 78 KB
  • #34
  • Jul 6, 2012 1:26am Jul 6, 2012 1:26am
Hello guys,

NFP day today..everyone is expected a good number which should push the equities higher.

A bad one would bring back up the QE3 (weak dollar).

Quoting landre
Sell @80.04
SL 80.20
TP 79.65
USDJPY has been stuck during the Asian session around the 79.8x.
The 15 Min chart tells us why.If this demand zone is broken, I will move my SL to 80.00. Currently, the zone is being tested.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdjpy 1h 2012.07.06.png Size: 82 KB
Click to Enlarge Name: usdjpy 15min 2012.07.06.png Size: 83 KB
  • #35
  • Jul 6, 2012 1:36am Jul 6, 2012 1:36am
NZDUSD is still ranging, I hope the range is going to be broken today..
Yesterday there was a fake break, my SL got hitted on that spike .
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd 1h 2012.07.06.png Size: 70 KB
  • #36
  • Jul 6, 2012 1:59am Jul 6, 2012 1:59am
AUZZIE weekly.

NFP will break ?
Attached Image (click to enlarge)
Click to Enlarge Name: aud weekly.gif Size: 22 KB
  • #37
  • Jul 6, 2012 2:49am Jul 6, 2012 2:49am
Quoting Gibril
AUZZIE weekly.

NFP will break ?
If the NFP is less than expected why not...but I don't think it will be the case.
The three last NFP have been disappointed.
ADP yesterday was better than expected but the correlation betwen ADP and NFP is not always positive...surprise could happen.

Anyway, I bet on a good number but I won't anticipate it..I will try to follow the move (if there is one.. ).
  • #38
  • Jul 6, 2012 2:51am Jul 6, 2012 2:51am
Quoting landre
Hello guys,

NFP day today..everyone is expected a good number which should push the equities higher.

A bad one would bring back up the QE3 (weak dollar).



USDJPY has been stuck during the Asian session around the 79.8x.
The 15 Min chart tells us why.If this demand zone is broken, I will move my SL to 80.00. Currently, the zone is being tested.
USDJPY back in the 79.8x zone..
On the test, the supply zone did not held.
  • #39
  • Jul 6, 2012 4:13am Jul 6, 2012 4:13am
ADP vs NFP

As you can see on the picture below, during the last 2 years around half of the times ADP and NFP were different from each other. In most of the cases, ADP is better than expected and the NFP dissapoints.

Well let's see what happens today !
Attached Image (click to enlarge)
Click to Enlarge Name: ADPNFP.png Size: 82 KB
  • #40
  • Jul 6, 2012 4:49am Jul 6, 2012 4:49am
Quoting landre
NZDUSD is still ranging, I hope the range is going to be broken today..
Yesterday there was a fake break, my SL got hitted on that spike .
NZDUSD is testing the demand zone..I don't expect a break before NFP.
I was scalping this pair this morning, small profit but I don't want to post my trades here it was just for fun..

Quoting landre
Sell @80.04
SL 80.20
TP 79.65
SL moved to BE : I am cautious
TP moved to 79.83 : I would like a new test of this zone before NFP to take small profit.
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