Price Action made simple with Supply and Demand levels | Page 6 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Price Will Tell - Supply/Demand Price Action Trading 1,858 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Price Action + Demand & Supply Zone + Money Management 0 replies

Simple Supply & Demand 0 replies

Reading price bar by bar and identifying supply/demand levels 16 replies

Attachments: Price Action made simple with Supply and Demand levels
Exit Attachments

Price Action made simple with Supply and Demand levels

  • #101
  • Oct 19, 2013 8:55pm Oct 19, 2013 8:55pm
Quoting thomaas
{quote} True for the engulfing, but as you mentioned it's not always the case. So I'm not sure I should mention it. About the RRR, the majority of my trades is 1:2. But sometimes, when the price movement is really strong and the level small, you can see the the price has a lot of room to move. In this cases I go for 1:3. You can see the first chart in my first thread for a good example of a 1:3 trade. {quote} You got the basic idea right, but your levels are not always excluding the right candles' shadow. I think my explanation was not really clear…....
Some levels are not easy
There are a lot of tails
like this supply level on usd/cad
but i will try again and back to you
  • #102
  • Oct 19, 2013 9:57pm Oct 19, 2013 9:57pm
Hi Thomas,

Are these levels correctly drawn. Any feedback from learned members greatly appreciated.

regards,
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chfjpyh1.png Size: 41 KB
Click to Enlarge Name: eurusdh1.png Size: 44 KB
  • #103
  • Oct 19, 2013 10:18pm Oct 19, 2013 10:18pm
Hi Thomaas,

Good work sharing the method. However, I feel you should give credits where its due for the source of the materials you obtained from here.

Happy sharing, and happy learning.

Chao
Knowing is not enough; we must apply. Willing is not enough; we must do.
  • #104
  • Oct 20, 2013 3:17am Oct 20, 2013 3:17am
I am in. Hope it applies to 1m & 5m tf's too.
  • #105
  • Oct 20, 2013 3:20am Oct 20, 2013 3:20am
i'm in...subcribe
  • #106
  • Oct 20, 2013 4:23am Oct 20, 2013 4:23am
Salut Thomaas!!!

Firstly thank you so much for sharing your strategy, it takes you a lot of your time and we all should respect you for that !

I hope that I will also be succesfull like you haha success is my obsession so I will try to be involved in your thread.

I already have two questions for you ..

1) regarding the caracteristics of a level you mentionned :
"The number of candles in the level. The more candles there are in a level, the more people had time to buy/sell their $currency."
--> So the more candle in a level the better ?

2) Would you mind posting the supply/demand that you have identified ahead ?
So I can compare whether I have the same as you...
Here is what I have for EUR/USD 1hour at the moment :


---> You might have a look to Rags to Riches thread, ça pourrait te donner de bonnes idées ^^

So excited to start the next trading week with you guys !!!
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h1-pepperstone-financial-pty.png Size: 57 KB
  • #107
  • Oct 20, 2013 4:24am Oct 20, 2013 4:24am
hi thomas ok i tried again thats my pics
eur/usd:
Attached Image (click to enlarge)
Click to Enlarge Name: 011-094.jpeg Size: 54 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 012-646.jpeg Size: 52 KB

usd/chf:
Attached Image (click to enlarge)
Click to Enlarge Name: 011-565.jpeg Size: 58 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 012-120.jpeg Size: 47 KB

gbp/usd
Attached Image (click to enlarge)
Click to Enlarge Name: 013-147.jpeg Size: 55 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 014-668.jpeg Size: 52 KB

note:sorry i know you just work on 1 Hour tf but i can't ignore this level
usd/jpy
Attached Image (click to enlarge)
Click to Enlarge Name: 015-668.jpeg Size: 50 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 016-742.jpeg Size: 60 KB

usd/cad
Attached Image (click to enlarge)
Click to Enlarge Name: 017-957.jpeg Size: 51 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 018-830.jpeg Size: 54 KB
  • #108
  • Oct 20, 2013 4:31am Oct 20, 2013 4:31am
sorry for that but max attachment in one post=10
so iopen this post too
nzd/usd
Attached Image (click to enlarge)
Click to Enlarge Name: 019-322.jpeg Size: 72 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 020-338.jpeg Size: 53 KB

aud/usd
Attached Image (click to enlarge)
Click to Enlarge Name: 021-571.jpeg Size: 48 KB

aud/nzd
Attached Image (click to enlarge)
Click to Enlarge Name: 022-700.jpeg Size: 66 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 024-540.jpeg Size: 46 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 025-204.jpeg Size: 57 KB

note: i think you will tell me most level on aud/nzd not fressh level
  • #109
  • Oct 20, 2013 5:10am Oct 20, 2013 5:10am
Bonjour,

i am in. Hope that pa will be clearer. I know why pa works when i read some thread but i still dont know why it dont work for me on real trade
Bottomless wonders spring from simple rules, which are repeated without end
  • #110
  • Oct 20, 2013 5:24am Oct 20, 2013 5:24am
Quoting limprobable
I know why pa works when i read some thread but i still dont know why it dont work for me on real trade
Read threads is only the beginning of the process. The next step is to read the PA on your chart ... and it takes a lot of time to master. Practice, practice and ... practice.
MT4/MT5 EAs/Indicators/Alerts coder
  • #111
  • Oct 20, 2013 5:57am Oct 20, 2013 5:57am
Quoting FerruFx
{quote} Read threads is only the beginning of the process. The next step is to read the PA on your chart ... and it takes a lot of time to master. Practice, practice and ... practice.
Well, when you say read PA, what type of PA are we talking about? Trend lines, candlestick patterns, or what?
  • #112
  • Oct 20, 2013 6:05am Oct 20, 2013 6:05am
Quoting Masudhossain
{quote} Well, when you say read PA, what type of PA are we talking about? Trend lines, candlestick patterns, or what?
There are no types of PA. PA is PA, pure and simple.
There are, however many different methods used to try to interpret PA to make a decision as to which way price is most likely to go.
Please Do Not PM Me With Coding Enquiries
  • #113
  • Oct 20, 2013 6:07am Oct 20, 2013 6:07am
Quoting Masudhossain
{quote} Well, when you say read PA, what type of PA are we talking about? Trend lines, candlestick patterns, or what?
Like said Gumrai, there's no different types of PA.

When you talk about trend lines, patterns, etc ... these are tools to read PA.
MT4/MT5 EAs/Indicators/Alerts coder
  • #114
  • Oct 20, 2013 7:37am Oct 20, 2013 7:37am
For anyone wanting to learn about supply and demand trading, in addition to the excellent subject matter here, i would strongly reccommend watching Sam Seiden's webinar on the subject http://www.fxstreet.com/webinars/ses...5-2030ab7fc89b. As you will see he talks about this topic and so much more. I hope you enjoy it. Good luck with your trading.
  • #115
  • Oct 20, 2013 8:15am Oct 20, 2013 8:15am
I'm in to learn more.
  • #116
  • Oct 20, 2013 9:27am Oct 20, 2013 9:27am
Quoting Masudhossain
If I may make a recommendation, please make a guide on how to identify bad supply/demand levels.
Of course, this will come next.

Quoting rtkwar
hi thomas ok i tried again thats my pics
Great to see you interested in this! But I can't review your 20 levels, I don't have enough time. Here's a review for the first 4:
1- The level is correctly drawn, but the price did not move very strongly, so it's not a good level to use in my opinion.
2- Top level, same as above. Bottom level, I don't understand it.
3- I don't understand your levels here.
4- This one is good! You just forgot to cover the body of the last 2 candles fully.

Quoting ChanhXanh
Salut Thomaas!!! Firstly thank you so much for sharing your strategy, it takes you a lot of your time and we all should respect you for that ! I hope that I will also be succesfull like you haha success is my obsession so I will try to be involved in your thread. I already have two questions for you .. 1) regarding the caracteristics of a level you mentionned : "The number of candles in the level. The more candles there are in a level, the more people had time to buy/sell their $currency." --> So the more candle in a level the better ?
Salut !
Actually it's the opposit. If you see lots of candles in the level, it means people had enough time to sell/buy the stock when they wanted. So when the price goes back into the level, it's going to be less likely to bounce.
About your chart, I have a hard time reading it: lots of colours, indicators, and green lines everywhere. Can you resend your image with more clear levels?

Quoting Stephen Thom
For anyone wanting to learn about supply and demand trading, in addition to the excellent subject matter here, i would strongly reccommend watching Sam Seiden's webinar on the subject http://www.fxstreet.com/webinars/ses...5-2030ab7fc89b. As you will see he talks about this topic and so much more. I hope you enjoy it. Good luck with your trading.
These videos are interesting, I watched some of them. But be warned, you'll have to watch hours of video to only learn 2-3 things. That's partly why I'm doing this thread: to make this information more easily accessible.
  • #117
  • Oct 20, 2013 9:30am Oct 20, 2013 9:30am
Quoting FerruFx
{quote} Like said Gumrai, there's no different types of PA. When you talk about trend lines, patterns, etc ... these are tools to read PA.
It is very true, if price break LTL, PA telling you it wants to move down "Just a simple example". If price/candle do not react at the supply zone, meaning the price does not really bearish from that zone immediately and engulf the supply area, PA is telling you it going to break the supply and not going down. There are more to learn, is the price come up from strong demand? Like H4/D1, which supply is the price heading to? Example, price come from H4/D1 zone, it certainly have the chance to consume the supply easily. The price might just stuck/sideway a while at the supply level, but it will break thru.

For me, to start learning SnD is not easy, I'm also waiting for Thomas to make it simple as described in the subject.

P/S: Sorry for my bad English.
  • #118
  • Oct 20, 2013 9:38am Oct 20, 2013 9:38am
Quoting ChanhXanh
Salut Thomaas!!!...I already have two questions for you .. 1) regarding the caracteristics of a level you mentionned : "The number of candles in the level. The more candles there are in a level, the more people had time to buy/sell their $currency." --> So the more candle in a level the better ? ....

As per Sam Seiden, who patented this system, more candles weaker level....
I might be wrong of course
The Market pays you to be disciplined
  • #119
  • Oct 20, 2013 9:50am Oct 20, 2013 9:50am
Quoting mima
{quote} As per Sam Seiden, who patented this system, more candles weaker level.... I might be wrong of course
You are not wrong. It seems that it's Thomass point too.
MT4/MT5 EAs/Indicators/Alerts coder
  • #120
  • Oct 20, 2013 11:49am Oct 20, 2013 11:49am
Quoting FerruFx
{quote} Like said Gumrai, there's no different types of PA. When you talk about trend lines, patterns, etc ... these are tools to read PA.
Well, that's what i was referring to. Which one is he using?
0 traders viewing now