Price Action made simple with Supply and Demand levels | Page 2 | Forex Factory

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Price Action made simple with Supply and Demand levels

  • #21
  • Oct 16, 2013 4:38pm Oct 16, 2013 4:38pm
my profit today on GBP/USD
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my profit today on EUR/USD
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i hope i can learn more from you thomas
i discovered supply and demand from 3 weeks and i still training
the good thing i start get profit on demo account after long lost
i hope i can be pro in trade using supply and demand
  • #22
  • Oct 16, 2013 5:03pm Oct 16, 2013 5:03pm
I'm in ... Looks good!
  • #23
  • Oct 16, 2013 6:57pm Oct 16, 2013 6:57pm
I have really not known how to find S&D levels so I will read along for education. I have read that if one zooms out then price levels become more apparent while others suggest a line chart. Will follow with interest, thank you for your sharing of an idea.
  • #24
  • Oct 16, 2013 9:23pm Oct 16, 2013 9:23pm
Hi Thomaas, i like your approach.
Just noticed S&D zone after reading your thread

http://i.imgur.com/tCZsJU7.png
  • #25
  • Oct 16, 2013 11:47pm Oct 16, 2013 11:47pm
EUR/JPY trade is running and stop lost is moved to break even
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  • #26
  • Oct 17, 2013 12:22am Oct 17, 2013 12:22am
hi thomas
i think i will sell GBP/USD from one from this two points
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whats you think thomas?
  • #27
  • Oct 17, 2013 12:43am Oct 17, 2013 12:43am
i have question to you thomas
what i should to do if i find supply zone near from other supply zone or demand near from other demand?
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  • #28
  • Oct 17, 2013 1:00am Oct 17, 2013 1:00am
aud/usd
price near from supply zone
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whats you think thomas?
I apologize to my many questions
But I was looking a long time ago on a simple strategy based on resistance and support
And i found some lessons about the supply and demand areas
But most of the lessons in English on YouTube
And I do not understand English well (especially in listening)
So I tried as much as possible to understand some of the stuff
and I am excited to learn more secrets from you
  • #29
  • Edited 2:44am Oct 17, 2013 2:32am | Edited 2:44am
Nice thread... I did dabble with SD zones in the past but moved on to other traditional approaches. I suppose the biggest issue is in identifying the following:

Identifying bad levels of SD

I do reckon that fresh levels offer the highest probability of reversals and also the pattern U and inverted U. There is a nice indicator called Gilben Cube which, after plotting the rectangles automatically calculates the # of touches to the zone.

But again, the issue here is picking the best SD levels. If you can cover this topic, I think that would make this the best SD thread ever.

Also a question. Could you explain the chart below. We have 2 clear S & D zones that were defined. Price went back to the Supply zone and quickly reversed. So in this case, the target would have been the previous fresh touch created at the demand zone (green rectangle). But instead price created a secondary demand zone and is pushing higher.

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So how would you have traded this in the context that you wouldn't have known of the secondary demand zone causing a reversal of price and would have shorted the pair at the second touch of the supply zone.
  • #30
  • Oct 17, 2013 3:01am Oct 17, 2013 3:01am
Quoting rtkwar
hi thomas i think i will sell GBP/USD from one from this two points {image} whats you think thomas?
number 1 area failed so i will wait price on number 2 with 0.20 lot
  • #31
  • Oct 17, 2013 6:18am Oct 17, 2013 6:18am
Hello again!

I just updated the first post with new content about the different types of levels, and the characteristics of a level.
My goal is to make the first post as clear and simple as possible. But English is not my native language, so please tell me if anything can be improved. Thanks!

To answer some of your questions/comments:

Quoting nqc1999
Hi Thomaas, i like your approach. Just noticed S&D zone after reading your thread {image}
Nice catch!

Quoting rtkwar
i have question to you thomas what i should to do if i find supply zone near from other supply zone or demand near from other demand? {image}
I zoomed on your chart (1h TF), and I see two supply levels. One is not fresh anymore, and the other one is not really strong. So I would not take any trade here.
That doesn't mean that the levels won't work, just that they are not part of my strategy.

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Quoting jw1981
Also a question. Could you explain the chart below. We have 2 clear S & D zones that were defined. Price went back to the Supply zone and quickly reversed. So in this case, the target would have been the previous fresh touch created at the demand zone (green rectangle). But instead price created a secondary demand zone and is pushing higher. {image} So how would you have traded this in the context that you wouldn't have known of the secondary demand zone causing a reversal of price and would have shorted the pair at the second touch of the supply...
Simple: I don't trade that way. When I short on a supply level, I don't wait for the price to reach a demand zone to take profit. I simply use a risk:reward of 1:2 for the take profit. Because of this, I sometimes miss a lot of price movement, but at the same time most of my trade end up being profitable.
  • #32
  • Oct 17, 2013 6:39am Oct 17, 2013 6:39am
Thank youI will not let you go before you make me a professional in this
  • #33
  • Oct 17, 2013 9:19am Oct 17, 2013 9:19am
I'm in
  • #34
  • Oct 17, 2013 10:25am Oct 17, 2013 10:25am
I'm in too
  • #35
  • Oct 17, 2013 12:24pm Oct 17, 2013 12:24pm
You guys are great in here. Read althrough from page 1 and i am very interested to learn this beautiful secret by Thomass.
Please, how do i draw the supply and demand lines, still finding that hard to comprehend or are there indicators that could draw that accurately?
Thanks all
  • #36
  • Oct 17, 2013 12:43pm Oct 17, 2013 12:43pm
I updated the first post where I added a short part about "Trade management & Money management". You can also read it at the bottom of this post. Let me know if you have any questions!

By the way, I just realised on Twitter that S&D levels work really well on Gold <- click on the link to see my tweet with a chart if you haven't see it.

Quote
Trade management & Money management
This is the boring part of trading, but it's also really important. You need to have a plan, and stick to it. This is my plan:
- Only place orders on high probability trades, it means only trading really strong levels
- Always set up SL and TP for all of my trades
- Usually risk 2.5% of my account on each trade
- Use a 1:2 risk:reward ratio, sometimes 1:3

I only take 2-3 trades per week, but most of them are winning ones thanks to these rules.
  • #37
  • Oct 17, 2013 12:56pm Oct 17, 2013 12:56pm
Hi Thomaas,

Thanks for sharing this strategy and such clear explanation. Do you trade this on 1 hour TF only or also longer TFs ?

ff2k
  • #38
  • Oct 17, 2013 1:37pm Oct 17, 2013 1:37pm
Hello Thomaas , thank you for this thread. I am following you.
Is this the first steo on your method ?
Gold 1 hour .Are this the levels we looking for?
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i hope you can see it as i am totaly new in everything.
  • #39
  • Oct 17, 2013 1:57pm Oct 17, 2013 1:57pm
Is there a way to confirm the SD levels watching VOLUME ?
  • #40
  • Oct 17, 2013 2:07pm Oct 17, 2013 2:07pm
you have any page on facebook thomas or just twitter?
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