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Price Action made simple with Supply and Demand levels

  • #781
  • Nov 25, 2013 8:28am Nov 25, 2013 8:28am
price only pause a moment b4 shooting up continuing its journey to place its started trending down.
I m buy bias and wait for reversal at 0.9080
  • #782
  • Nov 25, 2013 9:32am Nov 25, 2013 9:32am
SLed USDCHF
I think that was not so compelling zone.
Now, I am just waiting for AUDUSD to go back to 0.92323 to sell the H4 zone
@bkoori: hope you TP your AUDUSD order also :d
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4.png Size: 23 KB

Look forward to any comment
  • #783
  • Nov 25, 2013 10:21am Nov 25, 2013 10:21am
HI all! these are my levels for CHF news realease in 10 minutes.

Hope to catch some pips.

Any comment in this pair is very much welcome
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf_2013_11_25a.png Size: 41 KB
  • #784
  • Nov 25, 2013 10:45am Nov 25, 2013 10:45am
Quoting duke789
I just sold USDCHF because of it's in H1 Supply zone and in Daily down trend All comment welcome {image}
I think you are looking too low on the curve. Need to give some room to breathe
Attached Images
"A handful of patience is worth more than a bushel of brains"
  • #785
  • Nov 25, 2013 11:13am Nov 25, 2013 11:13am
Thank you very much Iron Pawn
I get what you're saying
How do you think If I try to sell again at 0.91405 or 0.91501
Pls check H4 chart to see the zones I mention
Attached Image (click to enlarge)
Click to Enlarge Name: a31ad1596d9033116379cc8115ff4031.png Size: 21 KB

I really don't understand what you mean by your attached picture
Could you kindly explain more
  • #786
  • Nov 25, 2013 11:27am Nov 25, 2013 11:27am
Quoting duke789
Thank you very much Iron Pawn I get what you're saying How do you think If I try to sell again at 0.91405 or 0.91501 Pls check H4 chart to see the zones I mention {image} I really don't understand what you mean by your attached picture Could you kindly explain more
Actually, posted images are the answers to your question for 4H chart... price is fractal and it's price action on any time frame. That being said, time frames don't matter, of course in my opinion (it can be 37M, 52M, 1H, 2H, 6H or even 3D chart, no magic there). You come up with levels by investigating what interest you. Also, you must have clear rules where you want to enter with the highest chances for your trade to succeed. Hope this helps.
"A handful of patience is worth more than a bushel of brains"
  • #787
  • Nov 25, 2013 12:28pm Nov 25, 2013 12:28pm
Thank you Iron Pawn
I'm trying to form my set of rules by posting trade of mine to learn from good traders' comments.
Hope to learn more.
  • #788
  • Nov 26, 2013 4:51am Nov 26, 2013 4:51am
Duke: I agree with Iron pawn, wait to see price loosing momentum at that level, it did at higher level. Your trade was a good one, but it went bad. Wait for another one and jump in the roller coaster.

For AUDUSD, I got in late and made some pips.

Wish you all nice and good PIPS
  • #789
  • Nov 26, 2013 5:51am Nov 26, 2013 5:51am
Congrats and thank you Bkoori.
NZDUSD
I'll find opportunities to sell at two following M15 zones
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusdm15.png Size: 36 KB

Because I expect it will drop to next D1 zone which is 0.79054
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDD1.png Size: 30 KB

Much appreciate to all comments (especially from Iron Pawn, Gilamonster, thomaas and bkoori...)
P.S I try to find the Daily trends and buy/sell following the trend
  • #790
  • Edited 8:39am Nov 26, 2013 6:33am | Edited 8:39am
Duke: I like it and If it goes that low, wait for it to settle down and try to buy it from the lowest it could reach. I t may take sometime though cuz the trend is not broken yet.

Good luck
  • #791
  • Nov 26, 2013 1:14pm Nov 26, 2013 1:14pm
I passed on this level because it's too wide. But looks like it's working fine.

Attached Image
  • #792
  • Nov 26, 2013 10:05pm Nov 26, 2013 10:05pm
Hi friends
I found a new interesting M15 zone of EURUSD
Attached Image (click to enlarge)
Click to Enlarge Name: 530b8bdf430e495f582b7ecc199ac17d.png Size: 15 KB

All comments welcome
  • #793
  • Nov 27, 2013 2:41am Nov 27, 2013 2:41am
Hello

i'm new here, 've been trading using supply and demand for a while

what do you all think about this level ?

Attached Image (click to enlarge)
Click to Enlarge Name: 2013-11-27_1635_GBPUSD.png Size: 24 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 2013-11-27_1637_AUDUSD.png Size: 24 KB




i'm waiting for comment
Thanks
  • #794
  • Nov 27, 2013 2:58am Nov 27, 2013 2:58am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting rezafs
Hello i'm new here, 've been trading using supply and demand for a while what do you all think about this level ? {image} {image} i'm waiting for comment Thanks
The zones you are showing here are not fresh ... in my opinion.
MT4/MT5 EAs/Indicators/Alerts coder
  • #795
  • Nov 27, 2013 4:14am Nov 27, 2013 4:14am
Quoting rezafs
Hello i'm new here, 've been trading using supply and demand for a while what do you all think about this level ? {image} {image} i'm waiting for comment Thanks
both level are fresh and good !
i like more the AUD/USD level , the move from it was stronger.
-
strong 4H GBP/USD level that didn't work:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 28 KB

I hate to see when that beautifull level don't work!
  • #796
  • Nov 27, 2013 4:38am Nov 27, 2013 4:38am
Quoting interputure
{quote} both level are fresh and good ! i like more the AUD/USD level , the move from it was stronger. - strong 4H GBP/USD level that didn't work: {image} I hate to see when that beautifull level don't work!
Thanks , already put sell limit order on the AUDUSD

What do you think about this new level

Attached Image (click to enlarge)
Click to Enlarge Name: 2013-11-27_1835_GBPUSD_2.png Size: 24 KB
  • #797
  • Nov 27, 2013 4:50am Nov 27, 2013 4:50am
Quoting interputure
{quote} both level are fresh and good ! i like more the AUD/USD level , the move from it was stronger. - strong 4H GBP/USD level that didn't work: {image} I hate to see when that beautifull level don't work!
I see only one chart - the one that didn't worked.
There isn't always an explanation as to why a zone didn't work. But this time it's quite easy: you can see that the zone is not fresh.

Attached Image


Fore more information, go to www.21pips.com my website with free forex lessons
  • #798
  • Nov 27, 2013 5:02am Nov 27, 2013 5:02am
Quoting thomaas
{quote} I see only one chart - the one that didn't worked. There isn't always an explanation as to why a zone didn't work. But this time it's quite easy: you can see that the zone is not fresh. {image} Fore more information, go to www.21pips.com my website with free forex lessons
go back with that level and you can see that each level in that area is because of past RBD level .
It seems like that whole area is used a LOT of times , and now it's broken.
I see level in other way , if i have level and than price goes back to that level , this level is not fresh.
but if price goes back again to that level and makes there a level , it's fresh to me .
that's why from my point of vies this level was fresh , becase f you go backk bacckkk you can see and in that zone levels were made and used over and over again.
  • #799
  • Nov 27, 2013 7:37am Nov 27, 2013 7:37am
Quoting interputure
{quote} go back with that level and you can see that each level in that area is because of past RBD level . It seems like that whole area is used a LOT of times , and now it's broken. I see level in other way , if i have level and than price goes back to that level , this level is not fresh. but if price goes back again to that level and makes there a level , it's fresh to me . that's why from my point of vies this level was fresh , becase f you go backk bacckkk you can see and in that zone levels were made and used over and over again.
That's an interesting way to see it.

On my end, I only want to increase my odds of picking a good zone.
Once a zone already worked, it means that there are less buy or sell orders waiting to be filled, so it has less chanes to hold the next time price get the the zone for a 2nd time. That's why as soon as a level is hit at least once, I do not use it anymore.
  • #800
  • Nov 27, 2013 7:58am Nov 27, 2013 7:58am
(thomaas: I only want to increase my odds of picking a good zone.)

I totally agree, increasing odds and minimizing risks of of loosing trades is what I am personally looking for.

I try to pick up trades that are more likely to win and would ignore and skip trades that might give me few pips then turn around and hit my stop. I think we should be more like snipers rather than being duck hunters if we wana score at this market.
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