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Price Action made simple with Supply and Demand levels

  • #261
  • Oct 24, 2013 5:23am Oct 24, 2013 5:23am
Quoting 81raffae
{quote} sorry , why the 3th level is not fresh too?
hmmm....look how may candles are at that level in the sideways action prior to the drop..not ideal IMO?
  • #262
  • Oct 24, 2013 5:27am Oct 24, 2013 5:27am
Quoting highroller
{quote} hmmm....look how may candles are at that level in the sideways action prior to the drop..not ideal IMO?
thanks !! i.m already begain studing this system.
The base is too long. There is too many candles. Thanks again!
  • #263
  • Edited 8:13am Oct 24, 2013 6:34am | Edited 8:13am
Thanks thomaas for sharing the system. Here goes my first trade. The set up may not be as good as you would like, but thought I would give it a try and so far PA seems to be moving positively.

Any comments would be much appreciated.
Akira
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Edit: TP achieved +37 pips
  • #264
  • Oct 24, 2013 6:37am Oct 24, 2013 6:37am
Quoting rtkwar
i want crying i waste this chance too {image}
it is again a fres and valid zone ? Sorry again
  • #265
  • Oct 24, 2013 7:36am Oct 24, 2013 7:36am
somehow my first post here has never shown up in this thread.
Here I try again.

I have couple questions:

1. if price went up, met a supply zone, battled a little, continued to go through the supply zone strongly, and formed a nice looking RBR demand zone. Is this newly created RBR level considered fresh? It wasn't created out of blue, but it was an opposite level (demand level) from its "mother" level.

2. if I have a strong demand level upon which I have an open order set to buy. The price come down and get close to the demand level but have never reached the level (including upper wicks). Then the price goes sideways for a while just above my open order. Should I cancel my open order in this case because of potential heavy traffic ahead if filled? Any profit target with reasonable RRR will be beyond the heavy traffic.


Thanks,
  • #266
  • Oct 24, 2013 8:04am Oct 24, 2013 8:04am
Quoting 81raffae
{quote} it is again a fres and valid zone ? Sorry again

no its just good fresh area and good chance i waste it
you can see that from this picture its fresh level nothing before it
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  • #267
  • Oct 24, 2013 8:18am Oct 24, 2013 8:18am
Quoting rtkwar
gbp/usd again i waste this chnce anyway price not toch my pending order so no problem {image}
Sorry. Wrongly i have quoted the post on aud instead the chart of the previous post of the zone in GBP/usd.
  • #268
  • Edited Nov 9, 2015 1:07pm Oct 24, 2013 8:40am | Edited Nov 9, 2015 1:07pm
Nice Thread thomaas,

I just want to share my insight about supply and demand,
Well as we analysed so far in this thread, supply and demand areas offer nice spots, where price is likely to turn.
All in all we don't want to try to pick tops and bottoms,
but we want to be in in the correct direction before everyone else is in. We want to avoid jumping onto a running train.If you missed a move, don't go in late just to try to squeeze some pips out of it.
This will be very stressful and uncomfortable in the long run. Take a calm Sunday evening and open your screening software.- Open the pairs you want to trade and go to the weekly time frame Search for the very major demand and supply areas. Mark them and place an alert. Then go down to the daily time frame and repeat it. Go down to at least the h1 time frame and repeat it again.
Whenever we get a signal, we switch to this certain pair. Then we do have the following line that ever and ever repeats itself and never changes :
1. Check whether the price reached a demand or a supply area.
2. Check the overall trend. If its bullish, we play the demand areas only. If its bearish, we do only go for the supply ones. This is how we make the trend our friend, as even mentioned at the very beginning of the book. ( Thats for the start, of course we can play both. Dont try to sell supply in an bullish trend and vice verse if you are not experienced enough yet. )

Here is a ebook about supply and demand,
thnx

{ copyrighted attachment deleted by staff }
Remmember! There r no mistakes in life But only lessons
  • #269
  • Oct 24, 2013 9:36am Oct 24, 2013 9:36am
Quoting asharsaeed
Nice Thread thomaas, I just want to share my insight about supply and demand, Well as we analysed so far in this thread, supply and demand areas offer nice spots, where price is likely to turn. All in all we don't want to try to pick tops and bottoms, but we want to be in in the correct direction before everyone else is in. We want to avoid jumping onto a running train.If you missed a move, don't go in late just to try to squeeze some pips out of it. This will be very stressful and uncomfortable in the long run. Take a calm Sunday evening and open...

i read this ebook before and its perfect book
  • #270
  • Oct 24, 2013 10:54am Oct 24, 2013 10:54am
Quoting asharsaeed
Nice Thread thomaas, I just want to share my insight about supply and demand, Well as we analysed so far in this thread, supply and demand areas offer nice spots, where price is likely to turn. All in all we don't want to try to pick tops and bottoms, but we want to be in in the correct direction before everyone else is in. We want to avoid jumping onto a running train.If you missed a move, don't go in late just to try to squeeze some pips out of it. This will be very stressful and uncomfortable in the long run. Take a calm Sunday evening and open...
Nice Book
  • #271
  • Oct 24, 2013 11:39am Oct 24, 2013 11:39am
Quoting asharsaeed
Nice Thread thomaas, I just want to share my insight about supply and demand, Well as we analysed so far in this thread, supply and demand areas offer nice spots, where price is likely to turn. All in all we don't want to try to pick tops and bottoms, but we want to be in in the correct direction before everyone else is in. We want to avoid jumping onto a running train.If you missed a move, don't go in late just to try to squeeze some pips out of it. This will be very stressful and uncomfortable in the long run. Take a calm Sunday evening and open...

Thanks for the book. God bless you.
  • #272
  • Oct 24, 2013 11:46am Oct 24, 2013 11:46am
Quoting asharsaeed
Nice Thread thomaas, I just want to share my insight about supply and demand, Well as we analysed so far in this thread, supply and demand areas offer nice spots, where price is likely to turn. All in all we don't want to try to pick tops and bottoms, but we want to be in in the correct direction before everyone else is in. We want to avoid jumping onto a running train.If you missed a move, don't go in late just to try to squeeze some pips out of it. This will be very stressful and uncomfortable in the long run. Take a calm Sunday evening and open...
Hello.
Thank you for your book and your help.
Sorry but it is only the second part of the book?
where i can find the first part?
thanks again!!
  • #273
  • Oct 24, 2013 12:46pm Oct 24, 2013 12:46pm
Quoting 81raffae
{quote} Hello. Thank you for your book and your help. Sorry but it is only the second part of the book? where i can find the first part? thanks again!!
Thank you
here is the first part of the book
Attached File(s)
File Type: pdf Trading_Price_II_001.pdf   5.4 MB | 5,437 downloads
Remmember! There r no mistakes in life But only lessons
  • #274
  • Oct 24, 2013 12:59pm Oct 24, 2013 12:59pm
Quoting asharsaeed
{quote} Thank you here is the first part of the book {image}
Thanks again!
  • #275
  • Oct 24, 2013 1:11pm Oct 24, 2013 1:11pm
asharaeed

another thank you for the book
  • #276
  • Oct 24, 2013 1:11pm Oct 24, 2013 1:11pm
Some great imput out there.

Lets continue to keep this thread energized and constructive by giving feedback and providing your insight to others who have made a mistake in their charts they have shared with us.

Remember we want to stay foucused and consistent, by being disciplined and patient with our trades.

  1. Have a plan for each trade.
  2. Trade what you know, and ask what you don't
  3. Trade those obvious and compelling zones
  4. Remember only you are doing the best you can right now

I would like to add that your best friend in trading is your trade plan. When you follow you plan, you are disciplined, focused, trends will stand out at you, and you control your emotions.

  • #277
  • Oct 24, 2013 1:26pm Oct 24, 2013 1:26pm
Rising Sun-

I have posted my AUD/CAD chart for you to evaluate. Notice that I looked way back to invalidate your zone as being fresh.
Did you aggressively move you stop to protect your gains?

rtkwar-

Sorry I am having issues seeing your other charts zones.
I don't overtrade by only allowing one pair to trade at a time. No revenge trading.
Stay patient because that price will eventually come back to your area. Remember that your fesh zone is strong until it is tested.

Mima-

You are exactly right. Zone on top of a Zone.
Typically I would have placed my entry between the two zones.
When I added up the zones combined they were small so I took entry at the first line entry.
You chart you gave me has an area that has been eaten up at 1.6249.
This area is at a RBD zone and I will skip those unless they are fresh.
Usually a RBD or a DBR is not fresh. I explain this in more detail on either page 12 or 13.
I have added a GBP/USD chart.

Sclz-

Your 1st question about RBR would be fresh until zone is tested by price.
Your 2nd request I would have to ask you first, do you have a trade plan with your OWN rules?

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  • #278
  • Oct 24, 2013 1:30pm Oct 24, 2013 1:30pm
Rising Sun-

I apologize. I didn't add the daily chart for AUD/CAD. This shows the first area of the zone.(zone not marked, but area is circled).

I am expecting price to continue.

I don't have an entry for this pair.

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  • #279
  • Oct 24, 2013 1:57pm Oct 24, 2013 1:57pm
Attention-

I want to share two zones that I will take.

As always I will monitor before price moves to my entries after my alerts go off.

These charts are based on a 15 min with a supply zone, and a 4 hr. with a demand zone.

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  • #280
  • Oct 24, 2013 2:26pm Oct 24, 2013 2:26pm
Quoting Gilamonster
Attention- I want to share two zones that I will take. As always I will monitor before price moves to my entries after my alerts go off. These charts are based on a 15 min with a supply zone, and a 4 hr. with a demand zone. {image} {image}
Totally agree, i have the same levels on my Usd/Jpy chart. Also, i am currently short Aud/Usd from 0.9620 based on 5 min chart (13.25 GMT) target 95.90. For some reason the image will not upload, not the first time i have had that problem
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