Price Action made simple with Supply and Demand levels | Page 21 | Forex Factory

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Price Action made simple with Supply and Demand levels

  • #401
  • Oct 28, 2013 11:15am Oct 28, 2013 11:15am
CrudeOil, Daily

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Thank u for your answers. So middle zone is not good. Something new I learn today

Get back to Oil. We're in daily demand. Price moves up.

We go to H1: I took profit in supply zone.
My question is If the price go back to Daily demand , which zone we will take ?

Or put other word, where should I buy here in demand zone ?

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  • #402
  • Oct 28, 2013 11:39am Oct 28, 2013 11:39am
Attention-

I would like to see where everyone is at with finding zones so far using fine tune line placement.

My mentor had me doing this kind of excersise all the time.

It reprogrammed the way I look at a chart and how to see unfilled orders.

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  • #403
  • Oct 28, 2013 11:46am Oct 28, 2013 11:46am
Hi GilaMonster,

I have checked the EU chart on 30 min and 5 min and highlighted chewed up area. Does it mean that the high probability already played out?
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For AU, I do see a great DBD area. Remembered you mention higher time frame DBD is stronger than lower time frame DBD. perhaps I shall just skip this zone. Yet curious on the probability though.
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Quoting Gilamonster
clementngu- You could get a small bounce out of that zone on the EUR/USD but remember that area has been chewed up. Yes that is a valid fine tuned line placement. Why don't you check on a smaller time frame then tell me what you see in that area. As for AUD/USD entries I have a chart for you to see. Check it out on you chart and remember to follow your trade rules. {image}
  • #404
  • Oct 28, 2013 11:47am Oct 28, 2013 11:47am
Quoting Gilamonster
Attention- I would like to see where everyone is at with finding zones so far using fine tune line placement. My mentor had me doing this kind of excersise all the time. It reprogrammed the way I look at a chart and how to see unfilled orders.
What pair it is ?
  • #405
  • Oct 28, 2013 11:52am Oct 28, 2013 11:52am
samsungs3-

I would be a buyer at 97.60-80. There is a good zone there on the 5 min chart.

I would not call those zones on your second chart.

Follow the plan on placing your lines to define your zone.

I don't hold any trades on futures over night.

I get out before 4:30pm CST(Chicago Time)

Check out this 5 min chart and tell me where see the zone I am talking about.

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  • #406
  • Oct 28, 2013 12:01pm Oct 28, 2013 12:01pm
Quoting adriann
{quote} What pair it is ?
I guess USDJPY....

Thanks Galimonster. I learning a lot from u. Keep up doing good work.
  • #407
  • Oct 28, 2013 12:20pm Oct 28, 2013 12:20pm
Quoting Gilamonster
Attention- I would like to see where everyone is at with finding zones so far using fine tune line placement. My mentor had me doing this kind of excersise all the time. It reprogrammed the way I look at a chart and how to see unfilled orders. {image}
None of these areas is fresh anymore.(price level already visited in the past ?) H4 bars on chart are not same as yours ....is anything correct?
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There is a winner and a loser, nothing in between.
  • #408
  • Oct 28, 2013 12:34pm Oct 28, 2013 12:34pm
buytosell-

That is right on.

Even though area 4 looks fresh it was actually testing a fresh are from the last drop.

I would not set up a trade in any of these areas.

Welcome to the thread. Please add in your experiences with supply and demand.
  • #409
  • Oct 28, 2013 12:38pm Oct 28, 2013 12:38pm
buytosell-

Now one more thing about area 4.

If you DO zoom in on a 1 hr timeframe you will find a zone just below the pivot area.

I am going to take this trade.

Based on my trade rules and plan this area is fresh for me.

Remember pivots are where orders have been mostly eaten up.
  • #410
  • Oct 28, 2013 12:41pm Oct 28, 2013 12:41pm
Quoting Gilamonster
samsungs3- I would be a buyer at 97.60-80. There is a good zone there on the 5 min chart. I would not call those zones on your second chart. Follow the plan on placing your lines to define your zone. I don't hold any trades on futures over night. I get out before 4:30pm CST(Chicago Time) Check out this 5 min chart and tell me where see the zone I am talking about. {image}
My answer : Also my question , why dont we get the lower zone ??

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From your M5 , I get back to H1 ... Why make u decide to choose the zone as in picture. Cos, it's the source of turning point or ??

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  • #411
  • Oct 28, 2013 12:46pm Oct 28, 2013 12:46pm
What do you expect of the U.S. dollar against the Canadian?
For answer on this question must be put under study chart and technical analysis flour
Note on the daily frame that the pair is the fact that the negative Harmonic ( bearish Gartley pattern) target 1.0490
This model could lead the pair to fall and be the first downward target 1.0370
If true, numbering elliot the shown Chart be the him a bearish targets stronger.
The first warning signs for sellers is to the 1.0570 level
The first support 1.0370 first resistance 1.0490
Support the second 1.0330 seconds 1.0570 resistance
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  • #412
  • Oct 28, 2013 12:50pm Oct 28, 2013 12:50pm
clementngu-

AUD/USD might be good.

  1. It has low risk
  2. It's fresh
  3. Good 3:1 RR

I would still set alert at 97.00 to monitor my entry.

Here is the EUR/USD and my opinion.

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  • #413
  • Oct 28, 2013 12:54pm Oct 28, 2013 12:54pm
Hi GilaMonster,

Here's my homework below.

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Quoting Gilamonster
Attention- I would like to see where everyone is at with finding zones so far using fine tune line placement. My mentor had me doing this kind of excersise all the time. It reprogrammed the way I look at a chart and how to see unfilled orders. {image}
  • #414
  • Oct 28, 2013 1:00pm Oct 28, 2013 1:00pm
Thanks so much! really!
Quoting Gilamonster
clementngu- AUD/USD might be good. It has low risk It's fresh Good 3:1 RR I would still set alert at 97.00 to monitor my entry. Here is the EUR/USD and my opinion. {image}
  • #415
  • Oct 28, 2013 1:05pm Oct 28, 2013 1:05pm
samsungs3-

That other zone below is not fresh.

It was a pivot and a test of a recent zone.

Do you have a pre market routine for trading?

If so what is it?

I would stay away from futures and live if you do not have any valuable trading procedures yet.

Stick with what you know.

I have recieved a lot of random charts from you.

I see that you may be looking for trades everywhere and that you may be over trading.

If so STOP. One pair at a time. And set alerts so that you don't over trade.
  • #416
  • Oct 28, 2013 1:08pm Oct 28, 2013 1:08pm
clementngu-

Right on

Now stay with a proven procedure for trading.

I will try to give more of these little charts to keep you on your game.

Let me know if you start losing any trades we will work on them together.
  • #417
  • Oct 28, 2013 1:13pm Oct 28, 2013 1:13pm
Hi GilaMonster,

Thanks for your teaching.

Here is my practice on CADCHF H1 chart. I have identified three supply areas. Am I on the right track?
All of them are DBDs. It's really hard for me to find any fresh DBR or RDB zones.

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  • #418
  • Oct 28, 2013 1:35pm Oct 28, 2013 1:35pm
sclz-

Thank you. I am helping myself to by doing this. I am staying more structured with my trading as well.

I am liking your zones.

Zone 1 is a great area. It is in a good spot on the curve.

Zone 2 is fresh. Watch price action going into this zone. It does have potential though.

Zone 3 I might take this trade. Low risk, fresh, Nice legs, but I am concerned about how far down on the curve it is.

I would Set an alert(always) and check your futures charts of these two currencies before entering a trade.

Each futures chart should have negative correlation(one in suppy and other in demand on same time frames.

Make sure the futures charts are setting up with your FOREX charts.
  • #419
  • Oct 28, 2013 1:36pm Oct 28, 2013 1:36pm
Gilamonster or Thomaas,

I have a question on the fine tuning, and specifically on how to identify the correct leg in and correct leg out, when you have more than two candles in the base.
the attached chart illustrates my question. Would someone please clarify how to pick the correct legs? Thanks
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  • #420
  • Oct 28, 2013 1:44pm Oct 28, 2013 1:44pm
sclz-

You are right. It is hard to find good fresh DBR or RBD zones.

Most of those zone setups are on daily and weekly charts.

But they can have fresh zones.

Remember though, DBR or RBD zones can sometimes be used up twice.

Now even though it looks like a twice tested zone look a little deeper.

Zoom in and you should see that the second time price tested it was in a fresh zone in the same area.

But you have to find your entry on a shorter timeframe chart to get a fresh zone entry.
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