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Supply and demand chess game

  • #281
  • Feb 28, 2014 6:12am Feb 28, 2014 6:12am
You the man!!!!! Upstairs Please!!!!!!

Quoting Iron Pawn
{quote} he he... always a funny guy... taking Otis to the penthouse again?
SPC * Swollen PocketZ Crew!
  • #282
  • Feb 28, 2014 6:27am Feb 28, 2014 6:27am
Hey IP .. I think the S&P is broke... Price hasn't moved in 3 hours.... LOL Talk about noise...
SPC * Swollen PocketZ Crew!
  • #283
  • Feb 28, 2014 6:38am Feb 28, 2014 6:38am
Quoting JoeNY
Hey IP .. I think the S&P is broke... Price hasn't moved in 3 hours.... LOL Talk about noise...
Bought it at 1852... trying to get 1855... so sad.
"A handful of patience is worth more than a bushel of brains"
  • #284
  • Feb 28, 2014 6:43am Feb 28, 2014 6:43am
I love this shit... Push Baby, Push....

MARKET STRUCTURE RULEZ!

Take care everyone... Keep at it... I know I will!!!

Attached Image
SPC * Swollen PocketZ Crew!
  • #285
  • Feb 28, 2014 7:23am Feb 28, 2014 7:23am
Quoting JoeNY
I love this shit... Push Baby, Push.... MARKET STRUCTURE RULEZ! Take care everyone... Keep at it... I know I will!!! {image}
Sweet.
"A handful of patience is worth more than a bushel of brains"
  • #286
  • Edited 9:10am Feb 28, 2014 7:27am | Edited 9:10am
Hello again everyone.

Few days ago I mentioned that I will be less active and finally this Friday came. Must take some sort of vacation and not sure when will I post again. Hopefully, you've had good time here and got some clues in-between the lines.

Best of luck in your trading!

P.S. Since it takes quite some energy, I will for now suspend posting also on my other thread.

Check.

IP
"A handful of patience is worth more than a bushel of brains"
  • #287
  • Mar 1, 2014 12:37pm Mar 1, 2014 12:37pm
Quoting danial2537
Good morning Ladies and Gents, Just want to share USD-CHF in H1 time frame. There is a speed bump formed in H1 time frame followed by a rapid move away. The good thing is that, move away has not happened due to the news hence news also helped later on to continue the move. ( I personally avoid news base levels) Highlighted area is the supply zone in H1 time frame but upper black line identifies the end of trading zone and your stop should be little bit higher than upper black line. this will help your trade to be valid in H4 time frame as well....
Good zone to watch if/when it returns. Could be the bottom but moving further into W1 demand zone after making lower weekly/monthly high and now breaking lows with very bearish looking D1, W1, and MN closes. Need to see bullish reaction as it looks dismal for USD here.
Charts are limited in nature. What is the relative location?
  • #288
  • Mar 1, 2014 2:03pm Mar 1, 2014 2:03pm
Quoting JoeNY
I love this shit... Push Baby, Push.... MARKET STRUCTURE RULEZ! Take care everyone... Keep at it... I know I will!!! {image}
Can you clarify what is market structure, please? ...and how do you use it in trading?
There is a winner and a loser, nothing in between.
  • #289
  • Mar 2, 2014 3:53am Mar 2, 2014 3:53am
Quoting bmac
{quote} Good zone to watch if/when it returns. Could be the bottom but moving further into W1 demand zone after making lower weekly/monthly high and now breaking lows with very bearish looking D1, W1, and MN closes. Need to see bullish reaction as it looks dismal for USD here.
Hello bmac,

Thanks for sharing your idea. A conservative approach would be to watch the price to return to the zone and then place the order once the price move back and left the zone ( sell stop at entry point). We will see what's gonna happen on Monday.
  • #290
  • Mar 2, 2014 7:04am Mar 2, 2014 7:04am
Quoting Iron Pawn
Hello again everyone. Few days ago I mentioned that I will be less active and finally this Friday came. Must take some sort of vacation and not sure when will I post again. Hopefully, you've had good time here and got some clues in-between the lines. Best of luck in your trading! P.S. Since it takes quite some energy, I will for now suspend posting also on my other thread. Check. IP
Thanks and take care.
  • #291
  • Mar 3, 2014 5:37am Mar 3, 2014 5:37am
Quoting calderone
{quote} Thanks and take care.
Thanks man, best of luck to you as well!
"A handful of patience is worth more than a bushel of brains"
  • #292
  • Mar 3, 2014 6:13am Mar 3, 2014 6:13am
got this gold/usd trade on an hourly chart, turned out well, was worried as it was high on the curve so entered with minimum quantity,
tgt achieved.
Attached Image (click to enlarge)
Click to Enlarge Name: 03-03-2014_XAU-USD_1H.PNG Size: 31 KB
  • #293
  • Mar 3, 2014 6:25am Mar 3, 2014 6:25am
Quoting Sss33364
got this gold/usd trade on an hourly chart, turned out well, was worried as it was high on the curve so entered with minimum quantity, tgt achieved. {image}
Hello,
Great to hear that your trade worked well.


Could you please identify your trade zone and where was your entry, stop and TP?
  • #294
  • Mar 3, 2014 6:38am Mar 3, 2014 6:38am
Quoting danial2537
{quote} Hello, Great to hear that your trade worked well. Could you please identify your trade zone and where was your entry, stop and TP?
my zone was between the 2 red line at 1341.11 - 1343.66 ,
stop was below the 1341.11 line, @:-1340,
and target was 1349 ,just below the above red line @:-1350
  • #295
  • Mar 3, 2014 6:51am Mar 3, 2014 6:51am
Quoting Sss33364
{quote} my zone was between the 2 red line at 1341.11 - 1343.66 , stop was below the 1341.11 line, @:-1340, and target was 1349 ,just below the above red line @:-1350
Good job.

Thanks
  • #296
  • Mar 3, 2014 8:05am Mar 3, 2014 8:05am
EUR-USD hourly chart, have identified 2 zones,
1st zone @:-1.37156 - 1.36940,
2nd zone is @:-1.36848 - 1.36724
Attached Image (click to enlarge)
Click to Enlarge Name: 03-03-2014_EUR-USD_1H..PNG Size: 29 KB
  • #297
  • Mar 3, 2014 8:07am Mar 3, 2014 8:07am
Quoting danial2537
{quote} Good job. Thanks
thanks Danial.
Tc
  • #298
  • Mar 3, 2014 8:38am Mar 3, 2014 8:38am
Quoting Sss33364
EUR-USD hourly chart, have identified 2 zones, 1st zone @:-1.37156 - 1.36940, 2nd zone is @:-1.36848 - 1.36724 {image}
Hi there,

I am keeping my eyes on these zones as well.They are great zones . The only thing concerns me in this chart is we have 3 different zones ( two you identified and there is one more lower as well) According to my plan all the 3 zone are qualified to take however risk will be too much for this set up.

Since there is correlation between EUR-USD and USD-CHF in the most cases, supply zone which I identified in my post is little bit more clear and narrower and risk will be lower. If you are interested, you can keep eye on this one as well however as I said there is nothing wrong with EUR-USD zones. Its all about your trading plan to tell you which one(s) to take

Good luck
  • #299
  • Mar 3, 2014 8:48am Mar 3, 2014 8:48am
Quoting danial2537
{quote} Hi there, I am keeping my eyes on these zones as well.They are great zones . The only thing concerns me in this chart is we have 3 different zones ( two you identified and there is one more lower as well) According to my plan all the 3 zone are qualified to take however risk will be too much for this set up. Since there is correlation between EUR-USD and USD-CHF in the most cases, supply zone which I identified in my post is little bit more clear and narrower and risk will be lower. If you are interested, you can keep eye on this one as...
hey Danial,
thanks for the reply, i don't do much correlation, but won't mind having a look at the zone which u have stated, can u post a image of it please.
  • #300
  • Mar 3, 2014 8:54am Mar 3, 2014 8:54am
Quoting danial2537
Good morning Ladies and Gents, Just want to share USD-CHF in H1 time frame. There is a speed bump formed in H1 time frame followed by a rapid move away. The good thing is that, move away has not happened due to the news hence news also helped later on to continue the move. ( I personally avoid news base levels) Highlighted area is the supply zone in H1 time frame but upper black line identifies the end of trading zone and your stop should be little bit higher than upper black line. this will help your trade to be valid in H4 time frame as well....
Hi Sss 33364 , ( I don't know your name )

If you please go to post 269, you will see the trade set up and explanation. I attached the image again here in this post .
Attached Image (click to enlarge)
Click to Enlarge Name: usdchfh1.png Size: 39 KB
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