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  • #1,261
  • Jul 23, 2012 9:32pm Jul 23, 2012 9:32pm
Quoting dappa
Hey Im having a hard time trying to draw the supply and demand zones, can someone explain how you draw the zone from high to low? I can spot a price imbalance but drawing the zone is the trick part to me, it seems so subjective, can anyone explain in detail what to look for and which high to low do you mark your zones from? Would really appreciate it. I have watch sam siedens videos and such, maybe he talks to fast and the webinar recordings don;t really tell you everything and thats the problem I had with it the first time I watched his videos,...
sure dappa, please post a screenshot of what you think is a supply or demand zone and then we will take it from there.
  • #1,262
  • Jul 25, 2012 8:36pm Jul 25, 2012 8:36pm
Quoting only20gp
sure dappa, please post a screenshot of what you think is a supply or demand zone and then we will take it from there.

Hey only20gp here's a chart.
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  • #1,263
  • Jul 26, 2012 7:58am Jul 26, 2012 7:58am
Aus 60 Min

Supply area hit, as of now -7 pips
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  • #1,264
  • Jul 26, 2012 8:02am Jul 26, 2012 8:02am
Quoting dappa
Hey only20gp here's a chart.
Hmm, cant see the big picture, you should zoom out alittle so you can see whats really going on but this is for me where i would go long
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  • #1,265
  • Jul 26, 2012 9:49am Jul 26, 2012 9:49am
Quoting only20gp
Aus 60 Min

Supply area hit, as of now -7 pips
20 if you were just trading one lot or contract as i do how would you manage that trade.Do you move it to BE after 10-15 in your favour and keep moving it as it reaches those levels or do you just move to BE and let it run or do you do something else?
  • #1,266
  • Jul 26, 2012 10:29am Jul 26, 2012 10:29am
Quoting only20gp
Aus 60 Min

Supply area hit, as of now -7 pips
Bagging 12 pips and moving on . . .
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  • #1,267
  • Jul 26, 2012 11:07am Jul 26, 2012 11:07am
Quoting only20gp
Hmm, cant see the big picture, you should zoom out alittle so you can see whats really going on but this is for me where i would go long

Don't know what you mean by zoom out, for what? that pic was from a h1 chart. could you explain why drew your box from that bar? Second question is that the zone will be the high to the low of that candle, correct and what about the top arrow, where was the supply zone there?
  • #1,268
  • Edited 12:21pm Jul 26, 2012 12:07pm | Edited 12:21pm
Quoting dappa
Don't know what you mean by zoom out, for what? that pic was from a h1 chart. could you explain why drew your box from that bar? Second question is that the zone will be the high to the low of that candle, correct and what about the top arrow, where was the supply zone there?
Zoom out meaning, there is a magnifying glass in metatrader with a + and -. use the minus to make it alittle smaller candles so you can get a better overall picture. You dont have to but I would. I cant find a decent supply level on the top part.
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  • #1,269
  • Jul 26, 2012 12:09pm Jul 26, 2012 12:09pm
Quoting bodine
20 if you were just trading one lot or contract as i do how would you manage that trade.Do you move it to BE after 10-15 in your favour and keep moving it as it reaches those levels or do you just move to BE and let it run or do you do something else?
To be quite honest Bodine, that is one part that i have not yet learnt, if I see PA moving slow and I am already like 10-15 pips positive, then i just close it, sometimes it will go back to the area for the shakeout candle and then I re-enter. Maybe Rockey can help with this part.
  • #1,270
  • Jul 26, 2012 12:42pm Jul 26, 2012 12:42pm
Hey Bodine, this is what i meant by a shakeout candle, looking at the 10 min chart, a small zone has been created, so i shorted again, i was expecting a sudden move straight after the touch but that hasnt been the case, maybe not a good example. But just thought Id share
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  • #1,271
  • Jul 26, 2012 3:14pm Jul 26, 2012 3:14pm
Quoting only20gp
Hey Bodine, this is what i meant by a shakeout candle, looking at the 10 min chart, a small zone has been created, so i shorted again, i was expecting a sudden move straight after the touch but that hasnt been the case, maybe not a good example. But just thought Id share

Familiar with shake-out, thanks 20.I was up 28 on AU futures locked in 10 but it came back hit stop, i'm conditioning myself to just let them run after BE but when it stalls i have to learn to just TP,that's what i should have done this morn
  • #1,272
  • Jul 26, 2012 3:20pm Jul 26, 2012 3:20pm
Quoting only20gp
Zoom out meaning, there is a magnifying glass in metatrader with a + and -. use the minus to make it alittle smaller candles so you can get a better overall picture. You dont have to but I would. I cant find a decent supply level on the top part.

Ok well if thats not one then how do I go about indentifying a good supply level and demand level and drawing the high to low of the zone?
  • #1,273
  • Edited 4:08pm Jul 26, 2012 3:41pm | Edited 4:08pm
Quoting dappa
Ok well if thats not one then how do I go about indentifying a good supply level and demand level and drawing the high to low of the zone?
identifying a level is explained in great detail on the sam sieden videos. identifying "good" levels is explained in his videos using the odds enhancers. just not sure which one of the videos. I still watch his videos every week. always something i missed when i re-watch them..


also, using Rockys Fibs,Pitchforks and Volume do the trick
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  • #1,274
  • Jul 27, 2012 8:02am Jul 27, 2012 8:02am
Aud 10 Min Scalp, Nice zone created
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  • #1,275
  • Jul 27, 2012 8:03am Jul 27, 2012 8:03am
TP Hit
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  • #1,276
  • Edited 8:59am Jul 27, 2012 8:08am | Edited 8:59am
Another zone created just 2 mins later

EDIT: Stopped out on this one.
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  • #1,277
  • Jul 27, 2012 10:53pm Jul 27, 2012 10:53pm
This strategy differs for me as appose to waiting for a demand/supply zone to be hit after waiting days or weeks. I am finding it easier to trade the zones with the trends as appose to trading counter trends. Both ways are very profitable but just finding this way easier.

Normally the 1st touch to the zones are right after the zones are created, eliminates the need for fibs and volume altogether (i think)

Will need to test it further, so far this week I took 8 trades, 7 winners and 1 loss. Would like to hear some input from other traders. Will stop posting these trades and continuing to post only the normal supply demand trades using fibs and volume as thats what this thread is about.

Here is trade #8, the final for the week.
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  • #1,278
  • Jul 30, 2012 6:31am Jul 30, 2012 6:31am
Hi only20gp, see your doing well with this method. On post 1274 you show a new supply zone being created, but I thought you only classed it as a zone if there was a strong explosion away to be considered a zone? thanks
  • #1,279
  • Jul 30, 2012 9:40am Jul 30, 2012 9:40am
Quoting only20gp
This strategy differs for me as appose to waiting for a demand/supply zone to be hit after waiting days or weeks. I am finding it easier to trade the zones with the trends as appose to trading counter trends. Both ways are very profitable but just finding this way easier.

Normally the 1st touch to the zones are right after the zones are created, eliminates the need for fibs and volume altogether (i think)

Will need to test it further, so far this week I took 8 trades, 7 winners and 1 loss. Would like to hear some input from other traders. Will...
Hey 20! like this also and have used it a little.I notice your demand zones are quite wide,should it no be drawn from the top of the red body before it leaves zone?seems like a pretty big stop or maybe you just like to draw them that way also How do you determine trend yourself?I get a little tripped up with this sometimes
  • #1,280
  • Jul 30, 2012 6:30pm Jul 30, 2012 6:30pm
Quoting chewz
Hi only20gp, see your doing well with this method. On post 1274 you show a new supply zone being created, but I thought you only classed it as a zone if there was a strong explosion away to be considered a zone? thanks
Hey Chewz, when i trade counter trend, i will look for these areas with strong explosions away form the area, but this way is to be part of that explosion away so that we are part of it. Look at the area on this chart, when price returned to the area (not too long after leaving it) it moved away pretty strong.

These trades I only trade with the trend, and now I use the Stochastics too as extra confirmation, so i only want to be a buyer on a uptrend if it enters the zone and price is overbought on the stochastics. To determine the trend, I am now using a 200 day MA, so I only buy if the MA is pointing upwards (uptrend) and price is overbought and price enters the area.

Not sure if it makes sense.
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