Price Action made simple with Supply and Demand levels | Page 10 | Forex Factory

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Price Action made simple with Supply and Demand levels

  • #181
  • Oct 22, 2013 5:08am Oct 22, 2013 5:08am
Quoting thomaas
{quote} Sure, it's simple. I had by mistake one image from RTM. I changed it. I haven't invented this method. I learned it though Forexfactory threads, a bit of sam seiden videos, and friends. You are right, I'll add this information at the beginning of the first post. {quote} I'm sorry to hear that. 1) I discovered RTM while reading this thread. We do talk about the same technique, but we do it differently. 2) It may not be a SUPER SIPMPLE technique, but for me it is simple. Just look for a strong price movement, and place an order when the price...
you the best thomas continue in good work
don't care about some people that want keep things secret
  • #182
  • Oct 22, 2013 5:11am Oct 22, 2013 5:11am
i want to know why i can't send message to Gilamonster
anyway you have facebook or facebook page ?!
  • #183
  • Oct 22, 2013 5:31am Oct 22, 2013 5:31am
i lost hope to post my pictures here so may be i will post my pitures on your twitter page
  • #184
  • Oct 22, 2013 8:01am Oct 22, 2013 8:01am
So how do you guys trade around news release? I had an open position today on EURUSD and a news release made it my stoploss.
Most SupDem trades last days and there's a lot of news releases in those days that'll impact our trades.
  • #185
  • Oct 22, 2013 9:28am Oct 22, 2013 9:28am
Quoting pakmaeh
Hi thomas thanks for sharing this system.. still learning to identify supply and demand area... plus eliminating the weak area... keep it up.. looking forward to learn from you and the rest experienced trader in this thread...
Thanks for the kind worlds!

Quoting rtkwar
i lost hope to post my pictures here so may be i will post my pitures on your twitter page
Have you tried to change your browser? Use Chrome for example.

Quoting Masudhossain
So how do you guys trade around news release? I had an open position today on EURUSD and a news release made it my stoploss. Most SupDem trades last days and there's a lot of news releases in those days that'll impact our trades.
I like ot keep things simple, so I do not look at any news.
  • #186
  • Oct 22, 2013 11:57am Oct 22, 2013 11:57am
Hi Thomaas and Gilamonster,

I plan to take these four pending trades. How long do I need to wait before I cancel the pending trade, given such a bull sentiment right now? Welcome comments.

Thanks.

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  • #187
  • Oct 22, 2013 12:06pm Oct 22, 2013 12:06pm
Took this trade last night. Based on Demand.

  1. Current trend was up
  2. Futures chart for GBP was at wholesale and the USD was at retail
  3. Price action was looking like it was afraid of my level(barely touched zone)
  4. Price didn't hang out at level to long
  5. Moved away from my level a good distance
  6. No good immediate supply
  7. Good reward to risk
  8. and my zone was a RBR


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  • #188
  • Oct 22, 2013 1:15pm Oct 22, 2013 1:15pm
Steplm-
I have included an example on how to calculate legs and bases in the first chart.

Clementngu-
You are doing well at finding zones. Please check out the charts below. Goodluck.

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rtkwar- The problem you are having just happened to me.
How I fixed:

  1. Click on upload from computer
  2. Find your file or chart you want to load
  3. Press ok
  4. VERY IMPOTANT WAIT FOR FILE TO UPLOAD ON FORUM
  5. Click insert, (Do not delete post attachment)
  6. You should see [attach]129xxx[attach]Don't worry you will get a picture after you post.

  • #189
  • Oct 22, 2013 1:34pm Oct 22, 2013 1:34pm
What not to enter.

Attached Image (click to enlarge)
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Don't be afraid to look back on your charts history to find used up zones.
  • #190
  • Oct 22, 2013 1:44pm Oct 22, 2013 1:44pm
Jay pipin-

Sorry I missed your post. I don't trade gold expect in ETF's, but do you have a pre market routine of checking your futures charts? http://finviz.com/futures_charts.ashx?p=d1 or http://www.freestockcharts.com/

I look at these before I take any entry. Compare the correlation of your pairs. Is one at wholesale and the other at retail? Very important. As for your zone, I would look for a short position since the main trend is down. Try that.
  • #191
  • Oct 22, 2013 1:50pm Oct 22, 2013 1:50pm
Clementngu-

Did you get to take that USD/JPY trade from yesturday. You found the zone! Good job. Remember that Zone is not fresh anymore.
  • #192
  • Oct 22, 2013 2:38pm Oct 22, 2013 2:38pm
Oil,

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  • #193
  • Edited 5:22pm Oct 22, 2013 3:26pm | Edited 5:22pm
To short at 98.86
I might be wrong of course

P.S. Already posted in #188 by Gilamonster....
The Market pays you to be disciplined
  • #194
  • Oct 22, 2013 3:45pm Oct 22, 2013 3:45pm
Samsungs3-

If you look just below at there is an area between 95.90-97.20.

I would enter at AROUND 97.20 with a stop at 95.20. My target is 103.00

As for your area you marked it is NOT FRESH:

  1. It has been used up
  2. Price blasted through it

I would go with the Zone I found because it has a lower risk for oil, high probability, and high reward.

  • #195
  • Oct 22, 2013 3:54pm Oct 22, 2013 3:54pm
mima-

I do have that Zone marked. Check post 188 on this page fourth chart.

Here is my near term outlook for usd/jpy

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  • #196
  • Edited 4:43pm Oct 22, 2013 4:18pm | Edited 4:43pm
Quoting Gilamonster
mima- I do have that Zone marked. Check post 188 on this page fourth chart. Here is my near term outlook for usd/jpy {image}
I'm with you
Looking to learn by doing. Thank you for your work!
  • #197
  • Edited 4:46pm Oct 22, 2013 4:32pm | Edited 4:46pm
Quoting thomaas
Introduction Hi everyone! I'm a long time reader of ForexFactory, and I learned a lot here about trading. And now I think it's time for me to return the favour, and show you how I trade..
Thomaas, thank you for the initiative.
S&D trading was a blurry area for me, although I have tackled the subject for several times in the past.
Saw your thread last week, and your structured, clear and simple approach revived my interest on the S&D trading.

Noticed you already have some great contributors to your thread. Wish you great success!
Really hope will be able to return the favour myself in the near future
  • #198
  • Oct 22, 2013 5:04pm Oct 22, 2013 5:04pm
dragos-

Thank you. Let me know if you need help.
  • #199
  • Oct 22, 2013 5:32pm Oct 22, 2013 5:32pm
Here's more information about the levels that should interest you!

How to filter out bad levels
What is a bad level? Well, it depend on what risk you are willing to take.
If you don't mind risk, you should use every level you found. Or if you hate risk, you should wait for the perfect level. It's up to you!
My way of doing is to use only perfect or close to perfect levels. And you already know what a good level is (read my previous comments), so let's look at some levels that I don't like.

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From left to right:
- This is a good level that worked
- The price movement is too slow, and there are too many candles in this level
- This level is not fresh anymore (see the first level)
- This level is a RBR, which I don't like

As you can see, my rules are strict: I only trade the best levels. But can definitely make this system work with different rules!
  • #200
  • Oct 22, 2013 5:35pm Oct 22, 2013 5:35pm
Quoting dragos_
{quote} Thomaas, thank you for the initiative. S&D trading was a blurry area for me, although I have tackled the subject for several times in the past. Saw your thread last week, and your structured, clear and simple approach revived my interest on the S&D trading. Noticed you already have some great contributors to your thread. Wish you great success! Really hope will be able to return the favour myself in the near future
Thanks a lot, I really like to share knowledge!

Quoting Gilamonster
dragos- Thank you. Let me know if you need help.
Thanks Gilamonster for contributing to this thread!
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