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Supply and demand chess game

  • #41
  • Edited 6:32am Dec 13, 2013 6:11am | Edited 6:32am
Supply and Demand Rules.
Just woke up and cashed out. I got 30 pips from AUD/JPY and 62 pips from GBP/USD. Probably more to go but I never hold into the US session anyway.
AUD/JPY finally turned last night at your favorite S&D zone,... the big one.
GBP/USD turned mid point at my favorite S&D zone....
Even got a pin bar signal on both... Not that I needed one to take the trade anyway...

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SPC * Swollen PocketZ Crew!
  • #42
  • Dec 13, 2013 7:13am Dec 13, 2013 7:13am
Quoting JoeNY
Supply and Demand Rules. Just woke up and cashed out. I got 30 pips from AUD/JPY and 62 pips from GBP/USD. Probably more to go but I never hold into the US session anyway. AUD/JPY finally turned last night at your favorite S&D zone,... the big one. GBP/USD turned mid point at my favorite S&D zone.... Even got a pin bar signal on both... Not that I needed one to take the trade anyway... {image} {image}
Great Joe! Glad you cashed on them. With Aud/Jpy I was just lucky he he.. This is interesting one to buy on Aud/Jpy.
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"A handful of patience is worth more than a bushel of brains"
  • #43
  • Dec 13, 2013 7:48am Dec 13, 2013 7:48am
Put me on your PM list when you have a chance. I have to send you something... Thx
SPC * Swollen PocketZ Crew!
  • #44
  • Dec 15, 2013 9:12am Dec 15, 2013 9:12am
This could be some nice area in the future on Cad/Jpy.
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"A handful of patience is worth more than a bushel of brains"
  • #45
  • Dec 16, 2013 7:44am Dec 16, 2013 7:44am
Hopefully, this one will work out. Closed half of position at break even and leaving the trade to play out. In worst case scenario, it will be a scratch. Back to reading a book
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"A handful of patience is worth more than a bushel of brains"
  • #46
  • Dec 16, 2013 10:02am Dec 16, 2013 10:02am
Continuation from previous post of few hours ago... so far, so good.
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"A handful of patience is worth more than a bushel of brains"
  • #47
  • Dec 17, 2013 8:51am Dec 17, 2013 8:51am
Nice example of short that was taken today.
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"A handful of patience is worth more than a bushel of brains"
  • #48
  • Dec 17, 2013 8:56am Dec 17, 2013 8:56am
Hi there Iron, which pair are the last few charts? Thx
SPC * Swollen PocketZ Crew!
  • #49
  • Edited 10:23pm Dec 17, 2013 9:13am | Edited 10:23pm
Quoting Iron Pawn
Continuation from previous post of few hours ago... so far, so good. {image}
Continuation from post #46, day after. Closed.
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"A handful of patience is worth more than a bushel of brains"
  • #50
  • Dec 17, 2013 9:53am Dec 17, 2013 9:53am
Quoting JoeNY
Hi there Iron, which pair are the last few charts? Thx
There are setups all over the place... sometimes is the best to focus on only few of them.
"A handful of patience is worth more than a bushel of brains"
  • #51
  • Dec 17, 2013 9:55am Dec 17, 2013 9:55am
I gotcha...I was jut trying to match up the look of your charts. I like your chart view....

Yes today is short city....

Quoting Iron Pawn
{quote} There are setups all over the place... sometimes is the best to focus on only few of them.
SPC * Swollen PocketZ Crew!
  • #52
  • Dec 17, 2013 9:59am Dec 17, 2013 9:59am
Quoting JoeNY
I gotcha...I was jut trying to match up the look of your charts. I like your chart view.... Yes today is short city.... {quote}
You are good at this... no worries.
"A handful of patience is worth more than a bushel of brains"
  • #53
  • Dec 17, 2013 4:50pm Dec 17, 2013 4:50pm
I just logged on, thx...

Quoting Iron Pawn
{quote} You are good at this... no worries.
SPC * Swollen PocketZ Crew!
  • #54
  • Dec 18, 2013 1:21am Dec 18, 2013 1:21am
Quoting Iron Pawn
Is it supply and demand or is it support and resistance?
Sorry to butt in but supply creates resistance / demand creates support
Howlin' at the Moon on the Roof
  • #55
  • Edited 2:25am Dec 18, 2013 2:14am | Edited 2:25am
S/D and S/R are two different things.

S/R is, what is and what should be visible on a chart (the levels). S/D could be anywhere in the market depending on where the orders are.

Just imagine trading twitter on the first day, there would be no SR zones one the chart cause there is no history but of course there is S/D in the market.
.
  • #56
  • Dec 18, 2013 2:16am Dec 18, 2013 2:16am
Quoting nasir.khan
S/D and S/R are two different things. S/R is what is and what should be visible on a chart (the levels). S/D could be anywhere in the market depending on where the orders are. Just imagine trading twitter on the first day, there would be no SR zones one the chart cause there is no history but of course there is S/D in the market. .
Thats exactly what I meant! Although I've always viewed supply and demand on chart as "cluster volume", but I see what you're saying
Howlin' at the Moon on the Roof
  • #57
  • Dec 18, 2013 2:24am Dec 18, 2013 2:24am
Quoting Wolf_Wicked
{quote} Thats exactly what I meant! Although I've always viewed supply and demand on chart as "cluster volume", but I see what you're saying
The point you made was valid. Was just clarifying the diff between the two.

.
  • #58
  • Dec 18, 2013 4:29am Dec 18, 2013 4:29am
Quoting nasir.khan
{quote} The point you made was valid. Was just clarifying the diff between the two. .
Oh I see, cheers
Howlin' at the Moon on the Roof
  • #59
  • Dec 18, 2013 6:40am Dec 18, 2013 6:40am
Quoting Wolf_Wicked
{quote} Sorry to butt in but supply creates resistance / demand creates support
Hi Wolf, it was more of a play of words because some traders are not sure what is the difference between those two and how to see it - which creates confusion. Thanks for your input. All the best.
"A handful of patience is worth more than a bushel of brains"
  • #60
  • Dec 18, 2013 6:44am Dec 18, 2013 6:44am
Quoting nasir.khan
S/D and S/R are two different things. S/R is, what is and what should be visible on a chart (the levels). S/D could be anywhere in the market depending on where the orders are. Just imagine trading twitter on the first day, there would be no SR zones one the chart cause there is no history but of course there is S/D in the market. .
Precisely Nasir. S/D creates S/R and you must be good at this to see it properly otherwise... thanks for your input. Cheers.
"A handful of patience is worth more than a bushel of brains"
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