Price Action made simple with Supply and Demand levels | Page 29 | Forex Factory

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Price Action made simple with Supply and Demand levels

  • #561
  • Nov 4, 2013 10:04am Nov 4, 2013 10:04am
samsungs3-

You are doing real well with your zones.

Looks like you are even calculating your base candles. Good for you.
  • #562
  • Nov 4, 2013 10:49am Nov 4, 2013 10:49am
Quoting Gilamonster
Hello everyone. I am back. Had some things to take care of. I welcome all questions and comments.
Welcome back Gilamonster!
  • #563
  • Nov 4, 2013 10:56am Nov 4, 2013 10:56am
Quoting Gilamonster
samsungs3- You are doing real well with your zones. Looks like you are even calculating your base candles. Good for you.

Welcome back Galimonster....
  • #564
  • Nov 4, 2013 11:12am Nov 4, 2013 11:12am
clementngu, samsungs3-

Thank you. I agree, Lets Party!

I read everything that I did miss. Looks like I didn't miss too much.

Now lets learn and trade!:nerd:
  • #565
  • Nov 4, 2013 11:24am Nov 4, 2013 11:24am
Get back to USDJPY H1,

We have 2 zones here , which is stronger or we take both...
Btw , could you see in daily trend is bullish or bearish ... I cann't figure out where it heading . thanks .

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  • #566
  • Nov 4, 2013 11:32am Nov 4, 2013 11:32am
Nice job Thomas.
Really appreciate you taking the time and make the effort of creating a totally FREE website will great content.
I've seen too many "gurus" who think they know a few things bate newbies into their website where they start to charge a "fee", which in the long run only demonstrates that they can't make money trading.

Keep up the good work!!
  • #567
  • Nov 4, 2013 12:17pm Nov 4, 2013 12:17pm
gbpusd h1 ,

h1 ,

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m30

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  • #568
  • Nov 4, 2013 12:35pm Nov 4, 2013 12:35pm
AUDUSD, Level 1 and level 2, ,, should i take both ?
H1,

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M30

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  • #569
  • Nov 4, 2013 12:57pm Nov 4, 2013 12:57pm
Samsung:

The Cable 4TF shows a very strong resistance level up there
  • #570
  • Nov 4, 2013 12:58pm Nov 4, 2013 12:58pm
samsungs3-

I have a few different charts for you.

The first two are of the usd/jpy.

Usd/Jpy are still wound up on a daily chart. This pair could easily blast out of this consolidation.

As for right now I am looking for a long position after a drop in price. It has a lready rallied a little bit on the 1 hr chart so I could look for a supply to sell but I am not seeing much there.

So I will wait for price to retrace back to demand.

GBP/USD is the third chart and I see that price is turning again and i am not convinced of any trades unless we are in a supply zone. Now there are always opportunities on your smaller time frames but we are looking for the bigger picture.

We want low risk, high probability, with a reward that we can live with.

These questions are up to you and what you have placed in your trade plan. Follow your guide lines on risk and always manage your trade.

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  • #571
  • Nov 4, 2013 1:07pm Nov 4, 2013 1:07pm
samsungs3-

On your AUD/USD look at your trend time frame(daily)

What is the major trend?

As for what zones to take.

I see that both of those zones are fresh.

I would expect a small price move down from the first supply, but monitor your trade closely. We have important AUD news tonight. Don't predict the news.

The second zone is nice. I would fine tune an entry on a smaller time frame there as well. This is also at a psychological level. May prove to be a great trade.

I will try at this zone.
  • #572
  • Nov 4, 2013 1:12pm Nov 4, 2013 1:12pm
smasungs3-

bkoori is right.

On the 4 hr GBP/USD I have a supply zone mapped out for you I am going to be monitoring price as it nears this level.

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  • #573
  • Nov 4, 2013 1:14pm Nov 4, 2013 1:14pm
Quoting Gilamonster
Hello everyone. I am back. Had some things to take care of. I welcome all questions and comments.
Welcome back! :-)
  • #574
  • Nov 4, 2013 1:16pm Nov 4, 2013 1:16pm
thomaas-

Thanks. Nice to be back home.
  • #575
  • Nov 4, 2013 6:41pm Nov 4, 2013 6:41pm
Thomaas, great to see you back !
MT4/MT5 EAs/Indicators/Alerts coder
  • #576
  • Nov 4, 2013 8:26pm Nov 4, 2013 8:26pm
Attention-

This is my current trade with USD/JPY.

I am closely watching my current trade at 98.29, stop 98.14.

Price action is in a downtrend at the moment.

I will be patient and wait.

I will stay disciplined and and follow the trade as I had outlined before the trade triggered and the emotions came in to play.

This is how I control my trading emotions by sticking to my plan no matter what.

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  • #577
  • Nov 4, 2013 9:45pm Nov 4, 2013 9:45pm
thanks a lot for this strategy, i am also a big fan of price action, i hope u can recommend me a couple of books about price action

good luck
  • #578
  • Nov 4, 2013 10:06pm Nov 4, 2013 10:06pm
Quoting Gilamonster
smasungs3- bkoori is right. On the 4 hr GBP/USD I have a supply zone mapped out for you I am going to be monitoring price as it nears this level. {image}
Hi Gilamonster,

I noticed another zone between 1.60285 - 1.60455 on the GBPUSD H4 chart. This is sort of a continuation pattern. Would you give your opinion on this level? Thanks.
  • #579
  • Nov 4, 2013 10:59pm Nov 4, 2013 10:59pm
Quoting Gilamonster
Attention- This is my current trade with USD/JPY. I am closely watching my current trade at 98.29, stop 98.14. Price action is in a downtrend at the moment. I will be patent and wait. I will stay disciplined and and follow the trade as I had outlined before the trade triggered and the emotions came in to play. This is how I control my trading emotio.s by sticking to my plan no matter what. {image}
Thank you Galimonster for your insight.


I took some profit since it get back to supply and may retrace some more

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  • #580
  • Nov 5, 2013 12:39am Nov 5, 2013 12:39am
Quoting Gilamonster
Attention- This is my current trade with USD/JPY. I am closely watching my current trade at 98.29, stop 98.14. Price action is in a downtrend at the moment. I will be patient and wait. I will stay disciplined and and follow the trade as I had outlined before the trade triggered and the emotions came in to play. This is how I control my trading emotions by sticking to my plan no matter what. {image}

Hi Gilamonster, you have mentioned that you are looking at 97.90-98.00, there is still some demand her.... But I have found that this is not a fresh DZ, do you still consider this DZ?
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