''Trading Price II'' by PhAnti - have fun

Thanks Jonas.

1) I'll try to figure this out on myself then.
2) Not fresh meaning the level has been tested many many times before.
3) What I mean here is would you enter 2 (highly) correlated pairs if they both show technical setup? Do you split risk between them or just enter each setup individually?

Phanti, thank you for sharing the pdf, what kind of period is used for atr projections?

Gold H2 pin bar + Demand area

bearish engulfing outside bar right at supply. we sell.

good job.

thanks for sharing your charts and trades.

best,
Jonas

My trade in today with Supply are + PA + divergence . Phanti, thank you for sharing the pdf

puh, do the check via right click /indicators/settings .... dont know it exactly to be honest

3) yes i would. I dont split risk. I do have two technical trading setups on 2 different pairs. I take each of em as a single trade. Dont care if they contain the same currency or not.

best,
Jonas

NZDUSD update

hai, phanti, i'm new in here and want to ask something..
i've readed all ur pdf and still i dont understand how to mark suppor/resistance, demand/supply zones like u..
i thought supply and demand is about imbalance price..
mind to give me advice?

Hey,

ya, it is , definitely.

Theres no fix rule how to draw the zones at the charts.
Just go to the left and check where price exactly did turn last , thats the level we will look for in future again. Areas are for the unprecise analysis, whenever price approaches to one of our marked areas we switch into lower timeframes to searchf or certain reversal configurations.

hope this helps,

you can upload some charts with your areas and i will check em up for you,

best,
jonas

Dear PhAnti,

I have applied your method this week and the result is positive. As a newbie, my target is only try to have positive pips every week.

Thanks for sharing this method.

BR,

GP

Dear Phanti,


Very good thread. I learnt lot of things from you regarding S&D zones. Will stick around. Good luck mate

Hello Phanti,

One question I could't find the answer to...

What time zone do you use for your daily and H4 candles? Is it GMT or NYC close? I'm just wondering as depending on what time zone your broker is set to candes for H4 and D1 will look different.

Thanks!

puzon

Hi Puzon, depends on the broker,

i have gmt+1

best,
Jonas

Hey guys, I got the following mail containing a lot of the questions many of you asked me... I'll just share my answer in here that anyone can participate.

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Hi there Jonas, aka PhanTi,

I read your PDF. Thanks for providing it for free. I know you must get a lot of emails and questions. I have even noticed you spending less and less time on the forum. I hope you’re well. I’m not new to trading but I’m currently struggling and it’s driving me crazy. I’ve been able to establish supply and demand areas. However, how do you determine the strength of these areas? Also, how do you determine when supply or demand has been consumed intentionally by brokers or retail in order to break through with ease? I’m currently watching PA to see the “reaction” at supply or demand levels to help me see the strength of those areas but I’m not sure if I see the right signs. For example, if there is a pair is range bound on a 4HR time frame, it may takes days to move from the top to the bottom or vice versa, it’s clear that the range has supply & demand. However, let’s say the pair is in the process of going down towards demand, lower TF’s will display a lot more pullbacks thus illustrating possible supply areas. How can you know if the last supply on the 4HR was consumed and this final run would be weak and not reach the “bottom” of the range. Since it’s on the way down, what demand areas from the last rally would I be able to see has a stronger demand that could reverse the pair short of the bottom. I hope that explains what I’m confused about.

I hope to hear from you soon.

Daniel

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Hi Daniel,

thank you very much for writing me.
Always a pleasure to get some '' fan-post '' :-D .....

well first of all i want to excuse myself for not being online every day on the forum. I'm pretty close in time these days.... I hope I can be more online next year.
Well there are different indicators or price structures/movements that rate a supply/demand area as ''very weak'' up to ''very strong'' .
Back to the theory what do we actually need to bring price back up whenever price hits a demand area or a turning/swing point? ---> Demand > Supply , demand has to be bigger than supply , then price will go up, definitely.
So how can demand become bigger than supply ?
Either price touches a level where more buy orders are placed than sell orders ( more traders are willing to buy than to sell ) or sellers close their shorts. In this case supply decreases and when it gets weaker than demand price will go up as well. If we do have both conditions met at the very same point, price might jump even quicker.
What I want to say is that you always need to think in '' orders '' . Where will the herd buy ? Where sell ? Where will be the majority of the stops and targets ? Why is it sooooo important to buy as low as possible and sell as high as possible ? Think about it... !
So if you marked a demand area at your chart ( an area where price reversed back up in the past ) you wait for price reaching this level again. Then we expect the herd ( herd = majority of traders , private and institutional investors ) to do the very same action as they did in the past. Means we are waiting for a signal or confirmation of a reversal to buy. ( see the e-book stuff for setups,indicators etc. ). If price then goes up and hits our target we are very happy that we made the right decision using our own knowledge and indicators/system. We bless god for the profit and go on with the next trade.

---> celebrate a winner as much as you always annoy a losing trade ! This is very important...emotional stuff... don't want to strain your time, so I don't gonna conduct this chapter here ;-) ..just do it !

Also If we check the possible demand area we look how often price touched this level. The more it touched the level, the weaker it gets.... why? well whenever price touches a demand zone long orders are being triggered , means we do have less long orders in the future and so on. That's why most or quiet a lot of traders only trade the very first retest of a new developed supply/demand area, just because they will have a better success rate doing so...but it takes more patience and discipline to do so and wait for the right setup.

Of course vice versa with supply areas.

All in all to refer to your questions about the strength of such areas, we never know how strong a demand or supply area really is. Actually we neither know whether the demand/supply area is still intact at all. Thats why we wait for price to develop at this zones showing us a buy or sell setup, show us some confirmation of reversals or prove us wrong. Thats why I and many others combine supply/demand areas with some additional indicators like price patterns, divergence, major trend , engulfments etc.

I hope this helps to enlighten all this stuff and solving your problems/questions.

Please let me know if not.

Again I want to excuse myself for not being online a lot in the past few weeks.... I just don't have the time right now... also wish it would be different..

I wish you a lovely merry christmas & a happy new year !

If there are any questions left do not hesitate to write me an E-Mail like Daniel did or use the forum/skype to contact me.

All the best,
Jonas

Hi, Phanti.
First of all thanks for sharing ur knowledge.
1) Just wanted request if u can give an idea where to put the stop loss in a trade? Do u have a set rule like how many pips away from the entry price or anything else? Pls share.
2) In the pdf u mentioned to look at mothly, daily and 4hrs chart. Do u enter a trade based on the 4hrs chart?

Thanks.

Where price dont get it ---- above supply and below demand levels.

i ente ron H4,Daily,weekly, sometimes even h1...depends on the setup