PA by Julexo

Good Job! It is nice to see your posts here.

Here is an update chart of nzd:usd.

and eur:usd breached 1.30 again.

Happy Trades,
fxstir

Closed all trades for profit.

Enjoy the weekend,
fxstir

no i didnt,i missed,but i did sell today again from the same level,catching few

@ Julexo any comments on the green candle..

Good morning @ all,


i have taken first short. This area looks very promising for a possible bounce within the current upmove on E/U.

Reason to short: marked area's on zoomed out H4 chart



Possible targets: (zoomed in H4) are the marked candles with red arrows (high of these candles), all untested till now



Regards...


Chriss

Been on a roll today. I got 28 pips out of this level earlier, took it again now.. Took 6 pips and trailing this.

QM 1min chart and still works

This seems to be the best thread in the whole forum...I've been trying to use this thread and several sam seiden videos to really understand supply and demand, but for some reason I can't get it. Seems like every zone I draw up gets blown straight through for another loss. I was hoping if anyone in here wouldn't mind taking a little time just to kind of help put me on the correct path?

Josh,

Thank you for your kind words about this forum. Rather than send an email, I thought a post here might help others too.

PA was a game changer for me; however, it is only part of the puzzle. Most successful traders will not share what they have learned. Why, because becoming a successful trader was likely very painful and expensive and trading is a zero sum game. As in life, there are winners and losers. It takes considerable time to become a good trader. It requires dedication. It requires considerable research and thousands of hours of screen time. It requires discipline and control over one's emotions. There is no holy grail system, only the one that works for you. Markets can change quickly and you must be able to adapt. This requires having more than one system in your tool bag. I don't know how much you know about money management but it the most overlooked and most important thing a trader must know and practice. IMO the biggest mistakes traders make are:

1. Not using strict money management
2. Not being disciplined enough to stick to their plan
3. Trading to often. The hardest thing to do when it comes to trading is to do nothing.
4. Holding on to loosing trades to long
5. Getting out of winning trades to soon

As far as PA goes, use a demo account and experiment with different time frames. Look for correlations with the pairs you are trading. For example, when trading the eur:usd, what is the DAX doing? What is the DOW doing? The usd index? oil? gold? Never underestimate the power of Fibonacci retracement levels, and daily pivots.

I've heard it said that News is Noise; however, news does move markets. This is especially true today as we are living in unprecedented times. Never in the history of the world have countries borrowed and spent as much as the US and those in the European Union. Keynesian economics failed, not Capitalism. Subsequently, the markets are ultra-sensitive. Be sure to always check for scheduled news events before entering into a trade.

Good Luck and Happy Trades,
fxstir

Have you considered using smaller leverage & wider stops? I trade supply & demand & have found that wide stops really help in this environment with all the wild swing caused by random political headlines hitting the tape

Thank you fxstir. I've been at this now for about 2 years and i'm almost starting to feel like maybe I can't do this. I do really well for a while and then all of a sudden it all goes south. I will continue to study charts and hopefully I can learn a lot from you all in this thread.

I think my biggest issue is trading the correct zone, and what are the characteristics of a zone. I've read some say rally-base-drop..drop-base-rally etc..but it seems like when looking at the chart they're everywhere. I always seem to trade the wrong one.

Couple things that might be of help to you are when you have a string of winners make sure you withdraw some profits, winning streaks don't last forever & if you constantly pull out profits when you hit a bad streak it won't hurt as much & mentally it will keep your head in check. Also not sure what TF you trade but you can always increase that and the signals will be much stronger. Increasing stops & lowering leverage also is very helpful. As fxstir said do you pay attention to what the equity markets are doing as we'll as the indices, bonds and the futures markets are doing this will keep you out of a lot of bad trades. I actually just read an interesting article on dailyfx where they looked into the most profitable times of day on all fxcm customer accounts & they found that 2pm est to 6am est were the most profitable times of day to trade because lack of news allowed for levels to be respected better & most traders are range traders. Next post some charts on trades that didn't work out so some of the more experienced trades here can walk you thru why it was a good setup or not or what they would have done differently, remember its not always the best setup that's the most profitable one & great setups do fail. You've made it thru 2 years which is much better than most so set back reevaluate & make some tweaks the final outcome will be well worth it.

Hey bro know exactly what your feeling, but dont dispair
Some awesome advice above.

Just want to dd a few thoughts, dont give up on sams principles on supply and demand, they are awesome, but you need to consider other apsects when trying to define the zones,
Your zomes most likely are getting smashed because they are wrong and/or there are other dynamics working against them

Also he is very clear on risk levels, eg, once you have defined a zone,
you can enter a trade when it 1st touches the zone with a sl below bottom of zone (higher risk) or
you can enter a trade when it touches the bottom of the zone (still high risk but little less,
or you can wait pa to touch zone enter and tap bottom zone then reject back out the top of zone, thne enter trade with sl bellow bottom of zone, (lowest risk)
I would suggest you try the last, it will allow pa time to confirm you have got the zone correct,

Then need consider as many aspects as possible that may effect the success of you trade, ie, time of day, data releases, candle patterns, tl,s S&R fibs pivots etc etc on multiple timeframes, example tou may have your supply zone defined 1hr, even 4hr is support, but daily weekly and or monthly you may be right in midde of demand zone, and bro generally higher timeframes over rule lower timeframes,

I dont trade EA but I opened couple charts for quick look, I emphasise quick, but a couple alarm bells ringing your zoness
firstly
Weekly Chart can see obivious huge "bear train" ( I like beartrains) but there is signs bulls starting to stir, there is possible inverted H&S starting to form, with the right shoulder now being build, Heads & Shoulders are higher risk to actually trade, the general rule is find the neckline, and if it is attacked and breached, there is the safest trade entry , check here for best way to trade, http://www.babypips.com/school/head-and-shoulders.html H&S heads & shoulders are "chop zones" by definition, and are strictly for scalpers, as can see your zone is almost cover this chop zone,

Now zoom in can see last 3 candles have printed HH & HL,s however 2nd previous candle is spinning top big body, last week has printed another spinning to, with smaller body, spinning tops indentify confusion / indesision, this is supported by although this major beartrain, bulls are stirring and starting to mount a defence / attack,

2nd Chart 4hr same yours
This show a another smaller beartrtain, but again bulls are showing signs they have breached the falling TL and even completed a retest of that breach and driven up, this retest & rejection is your lower zone, pa didnt reach your upper zone, I did a qiuck check, and have entered what I would consider resist, this not important, what is, is your possible short from your upper zone has few problems,

Note the present rally fib 23.6 which conflueced with the last fall fib 38 had proven as resist, but the ppresent rally just blew straight through,
Now if you were to short your upper zone, your trade has a couple good supports to break before achieve your support zone
The rising TL
The confluece of the 2 fibs mentioned, and then the present rally fib 38
Bro tomorrow is new day week and monthly pivots, will be iteresting to see where they print, will know tommorrow

So looking at pa right now, the present 1hr & 4hr candle should be ignored, as I would expected major covering, friday close week close and monthly close

Sorry to blabber so much, but just trying to show need more information to defiine supply and demand zones, hope this helps

ps persoanlly I want both these currencies to fall

KiwiTrada, DaEdge, Fxstir thank you all so much. I am definitely going to take the nuggets you all gave me and really try to utilize them. You all just don't know the trouble I've been having trying to find just one experienced trader I can go to for advice. Here I just found three. Unfortunately you all are now stuck with me (yep I'm moving into this thread LOL) ....My knowledge is nowhere near you all but I will try to post my thoughts of trades that way you all could correct me when I'm wrong. One day hopefully I will be able to contribute to others that join this thread.

Yes, I definitely agree with you Regarding "news does move markets" - that is why I don't trade about 15minutes before important publications, to avoid this risk.
Josh, trading is a very hard business, patience and determination is required. We all are still learning here, so don't be scared, just show your charts and trading ideas here and we're gonna discuss about it Regards

December trading should be funny...

Good morning All, eu 5m entry - demand zone + 2b Sperandeo

sh euro from 37 tg 07