Price Action made simple with Supply and Demand levels | Page 13 | Forex Factory

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Price Action made simple with Supply and Demand levels

  • #241
  • Oct 23, 2013 2:52pm Oct 23, 2013 2:52pm
hi gilamonster
i love your posts
and i don't leave you too before i take all knowledge from your head
i want learn more from you
check your inbox
good night
see you tommrow i want sleep
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  • #242
  • Oct 23, 2013 3:02pm Oct 23, 2013 3:02pm
Quoting Gilamonster
Explor359- You have made some valid questions and I will answer them. Pairs I will only trade will not have more than a 5 pip spread. I will get up if an alert triggers while I am sleeping. (I perfer black or green tea which doesn't take long tp steep for my liking) I will usually stay awake from that point on until a less liqiud time of day or night. ( I will keep tighter alerts if I am actually in a trade if I have to leave my trading desk) My trade rules are 8 pages long. I will not share all of my rules at once. I will say this about my rules...
Thankyou Gilamonster, for your help.
You are a great teacher.
  • #243
  • Oct 23, 2013 3:20pm Oct 23, 2013 3:20pm
Quoting Gilamonster
How is everyone doing. Is anyone having issues with this type of trading? The market will be slowing down soon so if anyone has questions let me know.:nerd:
Hi Gilamonster - I had a query about USDJPY, if you will?

I have noticed that on the H4 we've had a fall in price over the past hours.

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The area which the arrow is pointing to could be considered a 'base' on the H4?

Drilling down to the 30 min - would the highlighted area be considered a logical entry for a drop-base-drop?

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Entry at 97.989 - stops at 98.099 - plus a few pips - looking to go short (of course).

Seems OK?
  • #244
  • Oct 23, 2013 3:46pm Oct 23, 2013 3:46pm
This is my first chart on FF

Please don't shoot if I did not follow some rules, I had the best intentions
Though I am not too convinced about the result - how correct it is. Before I started drawing the levels I thought I had some understanding, but while drawing I started to doubt about this and that
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  • #245
  • Oct 23, 2013 3:53pm Oct 23, 2013 3:53pm
Quoting dragos_
This is my first chart on FF Please don't shoot if I did not follow some rules, I had the best intentions Though I am not too convinced about the result - how correct it is. Before I started drawing the levels I thought I had some understanding, but while drawing I started to doubt about this and that {image}
Some comments about your levels:
1) This is a good level that worked
2) This level is actually the level 1, so I wouldn't use it
3) Even if it worked, the price movement was not really strong here, so I don't like this level
4&5) Prive movement is too slow, not a good level
6) Nice level, but I would I've drawn it thinner, focusing only on the last 4 candles

Does it make more sens to you?
  • #246
  • Oct 23, 2013 3:56pm Oct 23, 2013 3:56pm
S Ferrer-

You have a good advantage on the 30 min. chart only. But yes maket is in a downtrend on that 4 hr chart.

Check out the daily chart as well. The area between 98.00-98.50 is the same area on a 4 hr chart.

This is a 30 min chart on the USD/JPY

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  • #247
  • Oct 23, 2013 4:09pm Oct 23, 2013 4:09pm
Quoting Gilamonster
S Ferrer- You have a good advantage on the 30 min. chart....
Hey - thanks for the detailed response.

Apologies, I wasn't clear enough - I'd be looking to get in on the M30. Your stop is a little more 'conservative' than mine was originally, but I can see why now.

I think I see what you guys are talking about - look for the massive drops or rises on the higher TFs and find a 'cheap' entry on the lower TFs.

OK - lets see how this one maps out.
  • #248
  • Oct 23, 2013 4:09pm Oct 23, 2013 4:09pm
Quoting thomaas
{quote} Some comments about your levels: 1) This is a good level that worked 2) This level is actually the level 1, so I wouldn't use it 3) Even if it worked, the price movement was not really strong here, so I don't like this level 4&5) Prive movement is too slow, not a good level 6) Nice level, but I would I've drawn it thinner, focusing only on the last 4 candles Does it make more sens to you?
Thanks!

Yes it makes more sense, for now for the first 5.
For 6 I have a little question - this is H1 chart, but I drew this specific level on H4. Far less candles there.
Still, if H1 would be used with only last 4 candles: following the same logic as for 4 and 5, isn't this level too slow?
So for H1 - I understand is a DBR, and the leg out from the R part is strong (explosive as Gilamonster calls it ) but the leg in from the D part is quite..boring Is it a good level then?
  • #249
  • Oct 23, 2013 4:16pm Oct 23, 2013 4:16pm
dragos-

  1. I am positioned in zone 3 as well. I have my alert set and will monitor.
  2. Zone 4 didn't work because oct 9th and the 10th had triggered most of the orders
  3. Zone 5 is a zone on top of a zone but zoom out to a 4 hr and the zone is more clear.
  4. I am in the trade on the 4 hr USD/JPY
  5. If I don't start seeing some gains shortly I will get out for a small loss.


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  • #250
  • Oct 23, 2013 4:35pm Oct 23, 2013 4:35pm
Quoting Gilamonster
dragos- I am positioned in zone 3 as well. I have my alert set and will monitor. Zone 4 didn't work because oct 9th and the 10th had triggered most of the orders Zone 5 is a zone on top of a zone but zoom out to a 4 hr and the zone is more clear. I am in the trade on the 4 hr USD/JPY If I don't start seeing some gains shortly I will get out for a small loss. {image}

Very interesting explanation, regarding zone 4 and Oct 9th and 10th activity.
Now that you mention I feel like I was blind not to see it in the first place
Thanks and good luck with your trade!
  • #251
  • Oct 23, 2013 4:58pm Oct 23, 2013 4:58pm
dragos-

Still in trade. But the line in the sand has been drawn.
  • #252
  • Oct 23, 2013 9:06pm Oct 23, 2013 9:06pm
Attention-

My price alert just went off for GBP/USD.

I have already defined the zone with entry, stop ,and target.

Found on 4 hr and 1 hr charts.

At a strong zone so I will be monitoring price action into the zone and out.

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  • #253
  • Oct 23, 2013 10:23pm Oct 23, 2013 10:23pm
GilaMonster,

I got a higher entry at 1.622 with the same stop as you on 1.623. Profit target is 1.62 (1:1). Is my entry too high?

Quoting Gilamonster
Attention- My price alert just went off for GBP/USD. I have already defined the zone with entry, stop ,and target. Found on 4 hr and 1 hr charts. At a strong zone so I will be monitoring price action into the zone and out. {image}
  • #254
  • Edited 10:52pm Oct 23, 2013 10:32pm | Edited 10:52pm
Quoting Gilamonster
Attention- .... {image}
Is it "level above level" at 1.6249 or so? should be entry at this level?...price is in uptrend on m15 till 1.6252 or so...So why would be uptrend interupted at 1.6211 instead 1.6249 or so?
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The Market pays you to be disciplined
  • #255
  • Oct 24, 2013 3:30am Oct 24, 2013 3:30am
Wasn't around to trade this a few hrs ago, but a 5min beauty with divergence and entry just below the bearish shooting star.
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  • #256
  • Oct 24, 2013 3:33am Oct 24, 2013 3:33am
gbp/usd again
i waste this chnce anyway price not toch my pending order so no problem
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  • #257
  • Oct 24, 2013 4:09am Oct 24, 2013 4:09am
i want crying
i waste this chance too
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  • #258
  • Oct 24, 2013 4:51am Oct 24, 2013 4:51am
It appears you haven't read how to draw supply/demand zones?
  • #259
  • Oct 24, 2013 5:03am Oct 24, 2013 5:03am
thomas i want training to filter levels
and know bad and good levels thats my chart i hope you correct it for me
i will start from up to down
1-first level not fresh
2-good level
3-bad level and i think this level not fresh too
4- good level
i waiting your reply
thats enough for today i will work in silent
and sorry thomas because i post many pictures here
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  • #260
  • Oct 24, 2013 5:17am Oct 24, 2013 5:17am
Quoting rtkwar
thomas i want training to filter levels and know bad and good levels thats my chart i hope you correct it for me i will start from up to down 1-first level not fresh 2-good level 3-bad level and i think this level not fresh too 4- good level i waiting your reply thats enough for today i will work in silent and sorry thomas because i post many pictures here {image}
sorry , why the 3th level is not fresh too?
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