EURUSD Supply and Demand Zones Everyday | Forex Factory

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EURUSD Supply and Demand Zones Everyday

  • #1
  • First Post: Edited Sep 21, 2012 3:31pm Sep 19, 2012 2:41pm | Edited Sep 21, 2012 3:31pm
I will be posting what I think are Supply and Demand Zones on the EUR USD everyday. I will be posting my Daily Charts, 30 min charts and 5 min charts.

Lets see what trade ideas can come out of these Zones.

Statistics:

Trades taken- 7
SL hit- 1
Target 1 at 1:1- 6
Target 2 at 1:3- 6
Target 3 at 1:10- 1
SL hit with 1:7 profit- 3
Live trades: 0
  • #2
  • Sep 19, 2012 8:35pm Sep 19, 2012 8:35pm
I have found it here.
I want to buy PATIENCE
  • #3
  • Sep 20, 2012 4:14am Sep 20, 2012 4:14am
Quoting arjuncora
I will be posting what I think are Supply and Demand Zones on the EUR USD everyday. I will be posting my Daily Charts, 30 min charts and 5 min charts.

Lets see what trade ideas can come out of these Zones.
Sounds good. Bring it on.
  • #4
  • Sep 20, 2012 7:52am Sep 20, 2012 7:52am
this is a great idea for referencing.

if it helps i found a custom indicator which spots out potential zones, and is very useful for the learning process. the zones are generally accurate on the higher tf's, but less so below hourly.

credit goes to whom ever created this..
Attached File(s)
File Type: ex4 11_SupDem.ex4   36 KB | 793 downloads
  • #5
  • Sep 20, 2012 8:44am Sep 20, 2012 8:44am
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Disclosures:

I'm in the 30 min short taken on the 5 min zone that overlaps it.

Taken first profit at 1:1. Second Profit at 1:3 and Third Profit at opposing Demand Level on Daily Chart.
  • #6
  • Sep 20, 2012 9:23am Sep 20, 2012 9:23am
Quoting ceccles
this is a great idea for referencing.

if it helps i found a custom indicator which spots out potential zones, and is very useful for the learning process. the zones are generally accurate on the higher tf's, but less so below hourly.

credit goes to whom ever created this..
The Sup_DemII indicator is not accurate in identifying Supply and Demand in my opinion, Ceccles. Thank you for the reference though!

I'm hoping that my supply and demand levels can be critiqued and can help in learning supply and demand better.

Personally, I use price action, coupled with Supply and Demand to enter and exit my trades. I understand that people use Supply and Demand levels differently based on their trading plans. I'm hoping that my levels can be a good starting point.
  • #7
  • Sep 20, 2012 5:45pm Sep 20, 2012 5:45pm
Trade 1: First target of 1:1 achieved. Rest Stopped at BE.
Trade 2: Target 1 at 1:1, 2 at 1:3 achieved. Target 3 at 1:10. SL at 1:7
Trade 3: Triggered

Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2012-09-20 at 8.42.17 PM.jpg Size: 125 KB
  • #8
  • Sep 20, 2012 10:20pm Sep 20, 2012 10:20pm
Quoting arjuncora
Trade 1: First target of 1:1 achieved. Rest Stopped at BE.
Trade 2: Target 1 at 1:1, 2 at 1:3 achieved. Target 3 at 1:10. SL at 1:7
Trade 3: Triggered

Attachment
Nice work. Good trade management as well.
  • #9
  • Sep 21, 2012 4:25am Sep 21, 2012 4:25am
Thank you!

Here are today's charts:



Disclosure: Currently in the short as shown in the chart.

Trade 3: Stopped out with a 10 pip loss.
Trade 4: Target 1, 2 at 1:1, 1:3 hit. Target 3 hits SL at 1:7.
Trade 5: Triggered. Hits target 1, 2 at 1:1, 1:3 respectively.

I take my trades off the 5 min chart and use the daily charts and 30 min charts as guidance.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screen shot 2012-09-21 at 7.20.17 AM.jpg Size: 133 KB
Click to Enlarge Name: Screen shot 2012-09-21 at 7.23.46 AM.jpg Size: 111 KB
Click to Enlarge Name: Screen shot 2012-09-21 at 7.15.53 AM.jpg Size: 117 KB
  • #10
  • Sep 21, 2012 4:28am Sep 21, 2012 4:28am
Please feel free to critique. I would love to get multiple opinions on this.
  • #11
  • Last Post: Sep 21, 2012 3:30pm Sep 21, 2012 3:30pm
Update:

Trade 5 all 3 targets at 1:1, 1:3 and 1:10 hit.

Trade 6- Targets 1, 2 hit at 1:1, 1:3. Last portion stopped out at 1:7.

Trade 7- Targets at 1:1, 1:3 hit.

Charts

Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2012-09-21 at 6.29.59 PM.jpg Size: 115 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2012-09-21 at 6.27.01 PM.jpg Size: 119 KB
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