Price Action made simple with Supply and Demand levels | Page 26 | Forex Factory

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Price Action made simple with Supply and Demand levels

  • #501
  • Oct 30, 2013 3:19pm Oct 30, 2013 3:19pm
Quoting adriann
Sometimes this happend for me recently about 3x. Price reversed just 1tick before my entry. similar situation i got on Target on one of my trades. of course there should be counted Spread. but interesting {image} {image}
Yes it's happened to me about three times today but the PA quite spiky today. I guess everyone was waiting for FOMC>
  • #502
  • Oct 30, 2013 4:01pm Oct 30, 2013 4:01pm
Quoting samsungs3
{quote} Get back to USDCAD , M30,,,, any comment {image}
I will go through all of your pics in this quote.
---
http://www.forexfactory.com/attachme...8&d=1383156418
up level is not good , not much explosive and it is reaction to thit level:
http://gyazo.com/baa7e1c70dd4cac5b07a8d79fe348a13
the second level also not good , too much choppy place to set up everyone's positions before that bog move , i won't take it.
---
http://www.forexfactory.com/attachme...1&d=1383156840
nice level as i said before , we have already got reacted to that level , almost go our 1:2 RR with winning trade.
but i'm looking for greater level:
http://gyazo.com/d44707c6515d6b551500cd1d63665899
the green is the 1H level that is inside a 4H - looking for reaction to the green level.
---
http://www.forexfactory.com/attachme...2&d=1383157006
here's an analysis:
we are starting a reaction to demand level that is a reaction to other demand:
http://gyazo.com/6fe43e826a5f3fc273f578cce364289c
but it's only on the 1D , let's look closer:
http://gyazo.com/26b3e4adb67470dda72cf5732facdb24
nothing in the 4H chart , let's look closer:
http://gyazo.com/891f00dca2579a53426163a3c5604793
the 1H level that is inside the 1D level! ,more conformation for that level even though the 1D level isn't fresh.
there s 2 ways to draw the levels: taking allso the wicks (not only the lower wick) or taking body + lower wick.
we are currently in our trade that taken via considering all the wicks and we are 1:1.5 R:R by far.
---
http://www.forexfactory.com/attachme...8&d=1383157750
NO!
to much choppy , be picky , you will have a lot of levels, take only the most "beautiful" ones.


  • #503
  • Oct 30, 2013 4:07pm Oct 30, 2013 4:07pm
Quoting adriann
sometimes this happend for me recently about 3x. Price reversed just 1tick before my entry. Similar situation i got on target on one of my trades. Of course there should be counted spread. But interesting {image} {image}
hate when it happens!!
  • #504
  • Oct 30, 2013 4:13pm Oct 30, 2013 4:13pm
Quoting adriann
Sometimes this happend for me recently about 3x. Price reversed just 1tick before my entry. similar situation i got on Target on one of my trades. of course there should be counted Spread. but interesting {image} {image}
very interesting ..
  • #505
  • Oct 31, 2013 2:04am Oct 31, 2013 2:04am
Waiting for BOJ news,

How far could USDJPY fall or it will retest zone 98.61 - 98.80 ?

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  • #506
  • Oct 31, 2013 2:10am Oct 31, 2013 2:10am
EURUSD H1,,

Comments welcome

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  • #507
  • Edited 4:50am Oct 31, 2013 4:31am | Edited 4:50am
Quoting adriann
Sometimes this happend for me recently about 3x. Price reversed just 1tick before my entry. similar situation i got on Target on one of my trades. of course there should be counted Spread. but interesting {image} {image}
Hi. Sam Seiden teaches his XLT students to get in one or two pips early for exactly that reason. He has noticed it too.

A lot of supply and demand traders believe that this happens because institutions and other big players know that supply and demand traders will have their entry exactly at the zone so they get in one or two pips early to beat them to it.

Not sure about that myself, it seems to me that it could also possibly be for example that daily supply and demand levels are usually larger than the H4 ones so institutions etc trading daily supply and demand zones would naturally get in earlier anyway.

Just my two cents. Hope that it helps.
  • #508
  • Oct 31, 2013 5:05am Oct 31, 2013 5:05am
Demand is not fresh but with huge pole . can we put buy order here ?

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  • #509
  • Oct 31, 2013 5:20am Oct 31, 2013 5:20am
Quoting samsungs3
Demand is not fresh but with huge pole . can we put buy order here ? {image}

How long did price spend at the level?

Too many candles for me so not high probability enough.

More of a support level to me (lines up with 23.6 fib and previous resistance turned support)

Edit: BTW On a H1 chart I would have put the top of the level in line with the top of the body of the next candle to the right of the pole.
Attached Image
  • #510
  • Oct 31, 2013 5:42am Oct 31, 2013 5:42am
Quoting TraderBen
{quote} How long did price spend at the level? Too many candles for me so not high probability enough. More of a support level to me (lines up with 23.6 fib and previous resistance turned support) Edit: BTW On a H1 chart I would have put the top of the level in line with the top of the body of the next candle to the right of the pole. {image}
Thanks TraderBen,,, I make mistake drawing. The first line should be on top of bear body.

How do u find next demand , Is it strong enough ?? Thanks .

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  • #511
  • Oct 31, 2013 5:51am Oct 31, 2013 5:51am
Quoting TraderBen
{quote} How long did price spend at the level? Too many candles for me so not high probability enough. More of a support level to me (lines up with 23.6 fib and previous resistance turned support) Edit: BTW On a H1 chart I would have put the top of the level in line with the top of the body of the next candle to the right of the pole. {image}
Example of it on EURO.
weak and stronger zone.

i also count what happend higher and recently.
for me personaly stronger level is also coz it have flip on same price
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  • #512
  • Oct 31, 2013 6:15am Oct 31, 2013 6:15am
Quoting samsungs3
{quote} Thanks TraderBen,,, I make mistake drawing. The first line should be on top of bear body. How do u find next demand , Is it strong enough ?? Thanks . {image}
I would ask myself:

1. Is it a fresh level - yes
2. Was there a strong move from level - not really (especially not on a M15 chart - always study the level on smaller timeframes)
3. Is the risk reward a minimum of 3:1- yes
4. Is it with with the big picture trend (eg. H4/D1) - no
5. How much time did price spend at the level - not much on a H1 chart but quite a lot on a M15 and M5 chart
6. How did price arrive at the level - don't know yet

For me the level isn't high probability enough because of 2, 4 and 5 above. Like Thomaas I only take high probability levels.
  • #513
  • Oct 31, 2013 6:23am Oct 31, 2013 6:23am
Quoting adriann
{quote} Example of it on EURO. weak and stronger zone. i also count what happend higher and recently. for me personaly stronger level is also coz it have flip on same price {image}

Good points - I agree!!

I also don't like the level in my post 512 for the same reasons (whats above it) but I didn't mention them because I was trying just to stick to pure supply and demand.
  • #514
  • Oct 31, 2013 6:26am Oct 31, 2013 6:26am
EUR/USD
1D:
http://gyazo.com/7f2eca63959f36d15124566735aab997
4H:
http://gyazo.com/e4d077c140316ca8543988d26a6e58c4
1H:
http://gyazo.com/d477d6cd6e9ee084c9e8032893e83bf7
30M:
http://gyazo.com/373bc9efea129f4ff06b17992a6459e5
15M:
http://gyazo.com/3b7f0a1a1814eda086f7dc4717bad057

Only the 1D shows nice demand level , but there is signs of weekness in the 1H TF and below so may be the price reverse from here . i would not take trades anyway because i don't trade 1D , the levels too big , i like to minimize to 1H.
  • #515
  • Oct 31, 2013 6:29am Oct 31, 2013 6:29am
Quoting interputure
{quote} I will go through all of your pics in this quote. --- http://www.forexfactory.com/attachme...8&d=1383156418 up level is not good , not much explosive and it is reaction to thit level: http://gyazo.com/baa7e1c70dd4cac5b07a8d79fe348a13 the second level also not good , too much choppy place to set up everyone's positions .
Are you using that ichimoku indicator for analyse ? i guess it useless when you doing s/d analyse.
  • #516
  • Oct 31, 2013 6:36am Oct 31, 2013 6:36am
Quoting TraderBen
{quote} I would ask myself: 1. Is it a fresh level - yes 2. Was there a strong move from level - not really (especially not on a M15 chart - always study the level on smaller timeframes) 3. Is the risk reward a minimum of 3:1- yes 4. Is it with with the big picture trend (eg. H4/D1) - no 5. How much time did price spend at the level - not much on a H1 chart but quite a lot on a M15 and M5 chart 6. How did price arrive at the level - don't know yet For me the level isn't high probability enough because of 2, 4 and 5 above. Like Thomaas I only take...
thank you
i think trick in this method is try find good level with small risk and high profit 1:3
but i want to know if this method is good with my small deposit because i can't find chances every day
the last thing i hope you or gilamonster or thomas
give us example with pictures Step-By-Step from drawing trend to define levels to enter the trade
  • #517
  • Oct 31, 2013 6:40am Oct 31, 2013 6:40am
Quoting adriann
{quote} Are you using that ichimoku indicator for analyse ? i guess it useless when you doing s/d analyse.
i don't like the word "useless".
it can give more confirmation , it is my favorit indicator ( the only indicator that i use ).
for example , i just plotted ICHI in my chart and see what i got:
http://gyazo.com/abf797a7efe4dda598cdfdfcedffbc44
the blue line , kijun is netural S/R level ( i won't go into the calculation) .. look at how the level is right at the kijun.
we are above the cloud - UP TREND , the lines are in the up trend setup.
http://gyazo.com/7b115388443a08faf561bf88cf85278f
in the 4H look at the price near the resistance of the cloud + in the 50% fibo level + the cross for downtrend was above the cloud , it is a weak one.
http://gyazo.com/35ee731af68630a75a35aae9d1437146
in the 1H it looks like we are very bearish, but because wee drew our level on the 1D , the information there much more reliable for that level.
  • #518
  • Oct 31, 2013 6:49am Oct 31, 2013 6:49am
UPDATE :
the level is broken.
no matter how good is the analysis , we can't win always
anyway i didn't take that trade , i like to trade from 1H.
  • #519
  • Oct 31, 2013 6:55am Oct 31, 2013 6:55am
Quoting rtkwar
{quote} thank you i think trick in this method is try find good level with small risk and high profit 1:3 but i want to know if this method is good with my small deposit because i can't find chances every day the last thing i hope you or gilamonster or thomas give us example with pictures Step-By-Step from drawing trend to define levels to enter the trade

Sam Seiden teaches to only take trades with a minimum of a 1:3 risk/reward ratio. BTW I have just realised that I made a mistake my post 513 above - I usually quote it as 3:1 reward to risk. It should read either 1:3 risk/reward ratio or 3:1 reward to risk ratio.

Looks like Thomaas will be doing a step by step guide on his website. Hope that he continues it and didn't get put off by some negative feedback. He is doing a really good job both here and there on his site.
  • #520
  • Oct 31, 2013 7:04am Oct 31, 2013 7:04am
Quoting TraderBen
He is doing a really good job both here and there on his site.
Can't agree more ...
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