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Price Action made simple with Supply and Demand levels

  • #661
  • Nov 7, 2013 11:00am Nov 7, 2013 11:00am
Samsung & Thomas, you guys wana see on of the most beautiful trade

4HT

Attached Image (click to enlarge)
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and in look how beautiful it was on 1h TF, I dont know how I missed + 100 pips

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  • #662
  • Nov 7, 2013 11:06am Nov 7, 2013 11:06am
Quoting Iron Pawn
Looking for some longs
I totally agree with that one, but because of how strong the market was I prefered to set back and watch
  • #663
  • Nov 7, 2013 11:26am Nov 7, 2013 11:26am
Quoting FerruFx
{quote} That's not the news but the traders reaction that caused this Wink
Haha, you are right! :-)

Quoting bkoori
{quote} European Central Bank lowered the interest rate by .25 point. US GDP rose.
Thanks!

Quoting bkoori
Samsung & Thomas, you guys wana see on of the most beautiful trade 4HT {image} and in look how beautiful it was on 1h TF, I dont know how I missed + 100 pips {image} Crying Angry
Wow, I completely missed this awesome level :/
Someone here traded it?
  • #664
  • Nov 7, 2013 11:28am Nov 7, 2013 11:28am
Quoting bkoori
{quote} I totally agree with that one, but because of how strong the market was I prefered to set back and watch
Entered as pending order at 1.33 with stop bellow...
"A handful of patience is worth more than a bushel of brains"
  • #665
  • Nov 7, 2013 12:07pm Nov 7, 2013 12:07pm
The level on the GBP/JPY was great!!
1H level inside of a 4H level (the 4H was too big and had to be minimized!)
4H:
Attached Image (click to enlarge)
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1H:
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15 pips risk , 30 pips profit. (2:1 RR , how i trade - taking half position on 1:1 RR and moving stop loss to BE when price moves respected distance).
--------------------
Another currency that i want to talk about is the USC/CAD .
There's something interesting here.
in the 4H we have strong fresh demand level:
Attached Image (click to enlarge)
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in the 1H we don't have any good minimizations ( good minimization is a minimization that if i don't look at higher TF and solely in one TF , that level still will be good)
but that 4H level is not fresh in the 1H because you can see here:
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that the 4H is a reaction of a 1H demand zone .
will you still consider that 4H level to a fresh level?
i think i do because a lot of time if we lower the TF we can see that higher TF level is a reaction of a lower TF level , so we need to base ower FRESH/NOT FRESH only on the TF that we find there that level.
What do you think?
  • #666
  • Nov 7, 2013 12:52pm Nov 7, 2013 12:52pm
And the roller coaster is FLYING

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  • #667
  • Nov 7, 2013 1:12pm Nov 7, 2013 1:12pm
Quoting bkoori
And the roller coaster is FLYING {image}

It looks cool
  • #668
  • Nov 7, 2013 1:51pm Nov 7, 2013 1:51pm
Quoting samsungs3
{quote} It looks cool
When you are in, it's the best feeling in the world
  • #669
  • Nov 7, 2013 2:22pm Nov 7, 2013 2:22pm
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  • #670
  • Nov 8, 2013 3:18am Nov 8, 2013 3:18am
A new one is under formation UCAD. 2 in 1, 1h TF inside 4h TF. Hope the news at 1.30 GMT will rock it up


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  • #671
  • Nov 8, 2013 4:47am Nov 8, 2013 4:47am
My charts, USDCAD H4

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H1 ,

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  • #672
  • Nov 8, 2013 7:50am Nov 8, 2013 7:50am
I raised my stop alittle bit on UCAD

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  • #673
  • Nov 8, 2013 7:52am Nov 8, 2013 7:52am
Quoting bkoori
I raised my stop alittle bit on UCAD {image}
On 1h Usd/Cad there was higher probability here...
Attached Image
"A handful of patience is worth more than a bushel of brains"
  • #674
  • Nov 8, 2013 8:25am Nov 8, 2013 8:25am
Got stopped out -28 pips. It was a good trade though
  • #675
  • Nov 8, 2013 8:30am Nov 8, 2013 8:30am
Quoting Iron Pawn
{quote} On 1h Usd/Cad there was higher probability here... {image}

Are you sure that this is a Usd/Cad chart?
  • #676
  • Nov 8, 2013 4:51pm Nov 8, 2013 4:51pm
Quick question: did any of you tried to play with Binary Option and S&D levels? I'm wondering if this is interesting or not.
  • #677
  • Edited Nov 9, 2013 2:37pm Nov 8, 2013 5:15pm | Edited Nov 9, 2013 2:37pm
Quoting thomaas
Quick question: did any of you tried to play with Binary Option and S&D levels? I'm wondering if this is interesting or not.
I am sure SD works for binary options as well as other instruments, but I read enough warnings to keep myself away from it. It is not a regulated industry and brokers are scammers. I applied SD to stock options.

Here was a trade from 2 days ago: Sold 15 contracts of BIDU Dec 120 Puts at $1.23/share. Premium income $1845.
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  • #678
  • Nov 8, 2013 11:11pm Nov 8, 2013 11:11pm
Hi Guys

Regarding Thomaas question about Binary options, i can say it's not worth, i've tried and had many loosers because of option expiry time. Many times price was going in my favour few seconds after expiry. It's hard to set a good expiry time, even if you predict that price will go this direction, but you dont know exactly when. In forex you just hold your position and you can close whenever you want. Next bad thing is R:R in options is 1: 0.6-0.75 so you must have good accuracy about 65-75 % to earn money. in forex you point at least 1:2 1:3 etc. That makes a huge diference. So if you earn money on forex, better stay with it dont touch options

Hopefuly it will help someone

Happy trading
  • #679
  • Nov 9, 2013 1:55am Nov 9, 2013 1:55am
Quoting Gorbi777
Hi Guys ...
In terms of SD should not make difference...Timing is on market makers of course...
The Market pays you to be disciplined
  • #680
  • Nov 9, 2013 8:57am Nov 9, 2013 8:57am
Quoting FxSwordfish
{quote} I am sure SD works for binary options as well as other instruments, but I read enough warnings to keep myself away from it. It is not a regulated industry and brokers are scammers. I applied SD for stock options. Here was a trade from 2 days ago: Sold 15 contracts of BIDU Dec 120 Puts at $1.23/share. Premium income $1845. {image}
Thanks for the info, and it's a nice trade you got here!

I'll spend the weekend writing new articles for www.21pips.com, so stay tuned! :-)
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