Price Action made simple with Supply and Demand levels | Page 35 | Forex Factory

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Price Action made simple with Supply and Demand levels

  • #681
  • Nov 10, 2013 6:31am Nov 10, 2013 6:31am
Someone asked me about a EUR/CHF level in my inbox. I want to share my reply with you since I think it's a common mistake.

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You have to always look back in time and see if the zone is fresh or not. In this case, you can see that the zone is not fresh (price formed a zone at the same height before). So to increase you odds of picking good levels, you should not trade this zone.

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2013-11-10 at 13.30.24.png Size: 34 KB


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Let me know what are the things you find confusing about S&D levels, so I can address them here and in my website. Thanks!
  • #682
  • Nov 10, 2013 7:03am Nov 10, 2013 7:03am
I would like to know when a zone is considered fresh and not fresh. Surely after months an old zone can come back into play and could be considered fresh. I was just wondering if there is some kinda of time frame used in your rules. Thanks in advance for your reply.
  • #683
  • Nov 10, 2013 9:58am Nov 10, 2013 9:58am
Hi friends,
I just created another thread about S/D trading. My purpose is simple. To improve my trading skill with contribution and feedback from other traders. I would love to learn from others such as Gilamonster, Iron Pawn, TraderBen.... http://www.forexfactory.com/showthre...80#post7081080

Thank Thomass for wonderful thread. I do learn much from you and want to learn more from other. I will keep posting in your thread as well.
  • #684
  • Nov 10, 2013 11:26am Nov 10, 2013 11:26am
Quoting dpaulinla
I would like to know when a zone is considered fresh and not fresh. Surely after months an old zone can come back into play and could be considered fresh. I was just wondering if there is some kinda of time frame used in your rules. Thanks in advance for your reply.
If you see a zone forming at the exact same height as your level, then it is not fresh, even if it was 2 months ago.

Quoting samsungs3
Thank Thomass for wonderful thread. I do learn much from you and want to learn more from other. I will keep posting in your thread as well.
No problem. But you should link to the first page of my thread instead of the last page.
  • #685
  • Nov 10, 2013 4:51pm Nov 10, 2013 4:51pm
Quoting thomaas
Someone asked me about a EUR/CHF level in my inbox. I want to share my reply with you since I think it's a common mistake. --- You have to always look back in time and see if the zone is fresh or not. In this case, you can see that the zone is not fresh (price formed a zone at the same height before). So to increase you odds of picking good levels, you should not trade this zone. {image} --- Let me know what are the things you find confusing about S&D levels, so I can address them here and in my website. Thanks!
Hi Thomas,
Re looking back towards the past on the left, how far back shd one look. Actually if one keeps looking back, most often u will
encounter the same zone level.
BTW, awaiting keenly yr Part 3 to appear in yr website, yr earlier 2 parts were very great n clear, tks.
  • #686
  • Nov 10, 2013 5:13pm Nov 10, 2013 5:13pm
Quoting eralinks
{quote} Hi Thomas, Re looking back towards the past on the left, how far back shd one look. Actually if one keeps looking back, most often u will encounter the same zone level. BTW, awaiting keenly yr Part 3 to appear in yr website, yr earlier 2 parts were very great n clear, tks.
I wouldn't say that most zones are not fresh. Here's a really quick drawing to explain this better.

Attached Image


Top zone is not fresh, since before we had a zone at the same price. If the left zone was there 2 days ago or 2 months ago it doesn't matter, the right zone is not fresh.
However the bottom zone is fresh. Sure, price formed a zone at the same price before, but in the meantime price did not care about the zone. So the right zone is fresh.

Part 3 of bouncing zones should come in about a week. But I'll update the website tomorrow with new articles. Stay tuned!
  • #687
  • Nov 11, 2013 1:16am Nov 11, 2013 1:16am
Here's my current pending short orders on the EURGBP taken off the H1 chart.
Light blue rectangle are my supply levels, Blue dashed line is pending orders and red dashed lines are SL and TP at 1:2 RR ratio
Ignore the blue dotted lines - they are round numbers
any feed back would be appreciated.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp-h1.png Size: 36 KB
  • #688
  • Nov 11, 2013 2:32am Nov 11, 2013 2:32am
Quoting thomaas
{quote} I wouldn't say that most zones are not fresh. Here's a really quick drawing to explain this better. {image} Top zone is not fresh, since before we had a zone at the same price. If the left zone was there 2 days ago or 2 months ago it doesn't matter, the right zone is not fresh. However the bottom zone is fresh. Sure, price formed a zone at the same price before, but in the meantime price did not care about the zone. So the right zone is fresh. Part 3 of bouncing zones should come in about a week. But I'll update the website tomorrow with...

Hi Thomas,
Pls cud u elaborate what is meant by "but in the meantime price did not care about the zone", it is really confusing to me. Tks for yr patience.
  • #689
  • Nov 11, 2013 9:48am Nov 11, 2013 9:48am
Hi everyone,

I just made a big update to my website 21pips
The main changes are 2 brand new articles:
- Learn the pinbar strategy
- Five fundamental forex tips

Link: www.21pips.com

Let me know what you think! :-)

PS: I'll try to publish the last part of the "bouncing zones strategy" next week.
  • #690
  • Nov 11, 2013 7:12pm Nov 11, 2013 7:12pm
Quoting eralinks
{quote} Hi Thomas, Pls cud u elaborate what is meant by "but in the meantime price did not care about the zone", it is really confusing to me. Tks for yr patience.
Let me put it in another way:

Look at the drawing I posted in my last post. Do you see the bottom zone on the right? Is it a fresh zone or not?
Look on the left of the zone, we see price went into the zone, but went trough. it means the zone is fresh! We do not can what happened before.

Does it make more sense? Sorry, English is not my native language.
  • #691
  • Nov 12, 2013 5:22am Nov 12, 2013 5:22am
I'm looking at a 10min TF (EURUSD). I usually don't trade below a 1h TF cause it seems too risky, but thin pin bar looks promising.

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2013-11-12 at 12.20.27.png Size: 37 KB


If you want to learn more about pinbars, take a look at www.21pips.com
  • #692
  • Nov 12, 2013 5:55am Nov 12, 2013 5:55am
And it worked! I'm going to watch more closely the 10min TF this week, and maybe start doing live trades on it.

Attached Image
  • #693
  • Nov 12, 2013 10:30pm Nov 12, 2013 10:30pm
so after starting a thread you open twitter,then a website looked at supply demand then binary now scalping i wonder if your next step will be a signal service your a con man thomarse step up to the plate and lets see some live trading .myfxbook anything your being watched
student
  • #694
  • Nov 12, 2013 10:49pm Nov 12, 2013 10:49pm
Quoting garrye
so after starting a thread you open twitter,then a website looked at supply demand then binary now scalping i wonder if your next step will be a signal service your a con man thomarse step up to the plate and lets see some live trading .myfxbook anything your being watched
That's a great post

You should be thankfull for all ressources provided here ... freely

BTW, he isn't sharing here for being "watched". He has nothing to prove to anybody.
MT4/MT5 EAs/Indicators/Alerts coder
  • #695
  • Nov 12, 2013 11:14pm Nov 12, 2013 11:14pm
we will see how it goes and what his plan is all the stuff he posts are nicked off others nothing new here
student
  • #696
  • Nov 12, 2013 11:30pm Nov 12, 2013 11:30pm
Quoting garrye
... all the stuff he posts are nicked off others nothing new here
He never claimed that his method is something new.

And you ... do you have something to share constructively ... a part your critisism ?
MT4/MT5 EAs/Indicators/Alerts coder
  • #697
  • Nov 13, 2013 5:46am Nov 13, 2013 5:46am
Thanks FerruFx! As he said, I have no plan to sell anything, and I did not invent the techniques I use. I just enjoy sharing knowledge, and it also help me to improve my own trading plan.

If you don't like what I teach, please just go away ;-)
  • #698
  • Nov 13, 2013 5:58am Nov 13, 2013 5:58am
Quoting garrye
we will see how it goes and what his plan is all the stuff he posts are nicked off others nothing new here
As far as i am aware he (thomass) has never tried to say this stuff is new, he is simply highlighting this information to people who may not be aware of it or not have come accross it amongst the mountains of different information and trading techniques which are out there. I also don't think it's fair or accurate to say he 'nicked' it because this same information is freely available from literally hundreds of other resources if you look. Also he has never tried to charge anyone for sharing this knowledge and if he ever does does you have a simple choice, which is just not to pay. I really don't see what all the fuss is about. If you like this method then try to use it and if you don't why not just find another method which you do like.
  • #699
  • Nov 13, 2013 6:17am Nov 13, 2013 6:17am
I for one do not have any issues with Thomaas's thread what so ever.
I like the way he delivers the material and enjoy all the posts from positive contributors.
Keep it up Thomaas!
  • #700
  • Nov 13, 2013 6:59am Nov 13, 2013 6:59am
Thanks for the support guys, it keeps me motivated! :-)
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