Price Action made simple with Supply and Demand levels | Page 23 | Forex Factory

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Price Action made simple with Supply and Demand levels

  • #441
  • Oct 29, 2013 4:02am Oct 29, 2013 4:02am
Quoting adriann
{quote} i guess better zone is higher. {image}
Good observation, didn't see that just now. Probably it is since the the leg-out is stronger. Not a place I will place trade though, the leg-out not explosive enough to me still. It just me probably.
  • #442
  • Edited 4:20am Oct 29, 2013 4:04am | Edited 4:20am
Hi GilaMonster,
Saw a zone in USDCADH4 and refine it through H1. Appreciate feedback.

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  • #443
  • Oct 29, 2013 4:14am Oct 29, 2013 4:14am
Quoting clementngu
{quote} Good observation, didn't see that just now. Probably it is since the the leg-out is stronger. Not a place I will place trade though, the leg-out not explosive enough to me still. It just me probably.
But it still not good to trade. if price break thru that range it could easy absorb any demand coz trend will be changing.
mabye it just bounce for retest of break this could be potential 1:2,1:3 profit but still not enought place for trade to breath.
my expectation could be fake break and then price go long. One way or another not good to place trade on that demand
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  • #444
  • Oct 29, 2013 6:56am Oct 29, 2013 6:56am
Quoting adriann
{quote} But it still not good to trade...
You are very active for long time in VSA with Malcolm thread. So how would you apply VSA on Supply/Demand levels? Can you show us examples of use VSA on Supply /Demand levels, please? Thank you.
There is a winner and a loser, nothing in between.
  • #445
  • Oct 29, 2013 8:11am Oct 29, 2013 8:11am
Quoting buytosell
{quote} You are very active for long time in VSA with Malcolm thread. So how would you apply VSA on Supply/Demand levels? Can you show us examples of use VSA on Supply /Demand levels, please? Thank you.
You right, i was applying VSA long ago. what i am using from VSA is just how they analyse Background. (this they took from Wyckoff method)
where is some accummulation or distributions (this is simillar to word 'CURVE' in this thread).
VSA also took from wyckoff Springs, Tests and Upthrust that occured in s/r. very handy using it with S/D zones.
for entries.
what i realised in VSA is that Volume for me is not important as for them in using VSA method.
so therfor i left from using VSA for entries and use just importance of background.spot SOS,SOW. that really help me.

and example : i post chart before.
how i try read background and why i should not take that buy order on Demand swing.
  • #446
  • Oct 29, 2013 8:29am Oct 29, 2013 8:29am
Hello everyone , i want to go through some currencies:
EUR/USD
in the daily chart we can see strong RBR demand zone:
http://gyazo.com/801152ce0b58497d76caa258a5bed041
the zone is pretty small for D chart so i don't thing that wee need to minimize it via smaller time fame.
in the 1H chart we have that area:
http://gyazo.com/0858590b6ca5738195303a47fc2d5037
but it's not strong so i would not take a trade here.

GBP/USD
here there is very strong demand zone that already won :
http://gyazo.com/836aac2f298482f46916bfed1b21ae26
very good trade for everyone that took it.

NZD/USD
we have here demand zone but the "leg out" is only 1 big leg and then 2 red , not very strong level , i would not take it. (currently we are in the trade)
http://gyazo.com/a2c536e8104fb5186edfab1acee6acc9
if you want to minimize that level , we have nice looking demand zone in the 1H chart with better R:R opportunity .
we are currently in the trade (those who took it).

AUD/USD
trade that i thought that will work turned up to be lose trade.
http://gyazo.com/99b7e535606f7792f3ccca4da652615e
very strong explosive on the 4H chart.
http://gyazo.com/ac2d37966d26f9529b14e1ebcd4cd440
by minimizing to 1H chart there is also explosive move there.
it didn't work in my opinion because the "leg in" is realy choppy and gave time for everyone to set their positions .
  • #447
  • Oct 29, 2013 8:32am Oct 29, 2013 8:32am
A demand zone based on M15 chart of EURCAD looks good. It sits right on top of a small 123 formation.

Attached Image (click to enlarge)
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  • #448
  • Oct 29, 2013 8:57am Oct 29, 2013 8:57am
Quoting sclz
A demand zone based on M15 chart of EURCAD looks good. It sits right on top of a small 123 formation. {image}
There are 2 levels - one in the 15M chart and one in the 30M chart, they are each above another.
30M
http://gyazo.com/b3d34511b48d9f7587dbf676a4d531ea
move up - doji - explosive up.
15M
http://gyazo.com/3b30b39873e5806546dcb30fc277aaa2
move up - down candle - explosive up.
i will take the 15M zone because:
1. i like opposite candle than candles in the same color of the trend but smaller.
2. PRICE ACTION.
http://gyazo.com/530b974a93d49917838ca9cabc883014
previous resistance becomes support.
  • #449
  • Oct 29, 2013 9:02am Oct 29, 2013 9:02am
Quoting thomaas
{quote} It's easier/cleaner to maintain my website than a post on FF. That's my plan to put the link on the first post, but first I'm waiting for some feedback first. Do you find it useful? Do you want me to continue it? Thanks!

Nothing is wrong to be on first page on your first post...All what you have to do put it on pdf files and it is on you to update those pdf files...Everyone already has access to Forex Factory ...and I do not see what is your problem to maintain that pdf files ...It is your thread and you decide what you are going to do...Are you trying to cash on this subject?..... Rest of us have GilaMonster to help us...Anyway thank you for starting this thread.

If you close this thread I hope GilaMonster will start her/his thread and help us as s/he did so far...
There is a winner and a loser, nothing in between.
  • #450
  • Oct 29, 2013 9:13am Oct 29, 2013 9:13am
Quoting thomaas
Do you find it useful? Do you want me to continue it? Thanks!
Of course yes. You are doing a great great job
MT4/MT5 EAs/Indicators/Alerts coder
  • #451
  • Oct 29, 2013 9:19am Oct 29, 2013 9:19am
Not so sure about this supply zone on USDCHF M30 chart. The long wick before the base bar makes me hesitate. Any comments? Why or why not should I be worried about the long wick before the base bar?

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  • #452
  • Oct 29, 2013 9:33am Oct 29, 2013 9:33am
Quoting interputure
Hello everyone , i want to go through some currencies: EUR/USD in the daily chart we can see strong RBR demand zone: http://gyazo.com/801152ce0b58497d76caa258a5bed041 the zone is pretty small for D chart so i don't thing that wee need to minimize it via smaller time fame. in the 1H chart we have that area: http://gyazo.com/0858590b6ca5738195303a47fc2d5037 but it's not strong so i would not take a trade here. GBP/USD here there is very strong demand zone that already won : http://gyazo.com/836aac2f298482f46916bfed1b21ae26...
As discussed in previous post , next GBPUSD is also very interesting .

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  • #453
  • Oct 29, 2013 9:50am Oct 29, 2013 9:50am
One more post.

A supply zone on EURGBP M30 chart created on Aug, 28 is coming into play. It locates at bottom of 123 formation (support turns into resistance), with round number 0.86. Daily chart shows potential lower high. It looks like a very high odds play.

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  • #454
  • Oct 29, 2013 10:24am Oct 29, 2013 10:24am
Quoting thomaas
{quote} It's easier/cleaner to maintain my website than a post on FF. That's my plan to put the link on the first post, but first I'm waiting for some feedback first. Do you find it useful? Do you want me to continue it? Thanks!
Please continue maintaining that website. It is much much easier for busy folk like us.
  • #455
  • Oct 29, 2013 11:00am Oct 29, 2013 11:00am
Quoting FerruFx
{quote} Of course yes. You are doing a great great job
Quoting lisyah
{quote} Please continue maintaining that website. It is much much easier for busy folk like us.
Thanks a lot for you support!
  • #456
  • Oct 29, 2013 11:11am Oct 29, 2013 11:11am
Quoting thomaas
A new idea? I think It's becoming difficult to read this thread and understand everything now that there are more than 400 messages (and growing). That's why I started to to rewrite S&D lessons here: www.21pips.com/bounce in a cleaner format, with better explanations and better examples. There is not much content there for now. Let me know if you like this idea, and if you want me to continue it or not. FYI, all the information is still available in the FF thread here, and I'll continue to answer your questions!...
Thomas,
Your recent re-write of the "zone bounce" technique is really clear and informative. The two colors to differentiate between the entire zone and the refined zone give the complete picture, and the continuity of thought in the "article format" makes it easy and comprehensible without the need to refer back and forth to the question and answer dialog.

I agree that, after a while, too many posts and counter-posts do cloud the subject considerably, since they require a lot of back and forth research to get the full picture. Also, the language barrier present, due to international participation makes some of the questions and answers difficult to understand . So I look forward to continue learning from you on your alternate site, and offer you my sincere appreciation for taking your time to share such valuable knowledge with us. I have been struggling for a long time to get a good understanding of forex and to get good results, and believe that I have finally found a solid method in your explanation.
  • #457
  • Oct 29, 2013 11:21am Oct 29, 2013 11:21am
Thomas - why are you looking for e-mail addresses of users on your 'bounce' page? Why not stick to this thread alone.

Admittedly, the thread needs a clean up as there are a lot of 'asides' on it - maybe cleaner to do that?
  • #458
  • Oct 29, 2013 11:32am Oct 29, 2013 11:32am
Took a (small) loss (as I am forward testing this on a little account) on the usdjpy sell which has been sitting as a pending order on my platform for a few days now. Price smashed through the level.

Attached Image (click to enlarge)
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Up arrow was the entry
Down arrow was the stop.

Will keep an eye on PA here.

For those of you still in this one - I hope it falls from here.

Obviously they can't all be winners - onto the next one!

Macro-economically the Japanese seem to be embarking on aggressive Yen weakening again - so it looks like the big picture favours longs.
  • #459
  • Oct 29, 2013 11:58am Oct 29, 2013 11:58am
Quoting Gilamonster
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.
Hi Gilamonster,

first of all, thanks for your valuable information you are provided to the thread members.

I dont have a clear understanding on what you said about pivots (orders have been mostly eaten up)?!!

appreciate if you could explain it more.

thnx
Success is more a function of consistent common sense than it is of genius"
  • #460
  • Oct 29, 2013 12:12pm Oct 29, 2013 12:12pm
Quoting S_Ferrer
Thomas - why are you looking for e-mail addresses of users on your 'bounce' page? Why not stick to this thread alone. Admittedly, the thread needs a clean up as there are a lot of 'asides' on it - maybe cleaner to do that?

That is my concern as well...if s/he wants to provide pdf files s/he can make it available on that website and everyone can download ...
No need e-mails...Something is not right...
There is a winner and a loser, nothing in between.
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