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Supply and demand chess game

  • #361
  • Mar 19, 2014 1:40pm Mar 19, 2014 1:40pm
Time to buy Gold i think at this DBR, location on curve also looks very good, entry at @:-1331, stoploss below @:-1327, letsee what happens
Attached Image (click to enlarge)
Click to Enlarge Name: 20-03-2014_gold-Daily.PNG Size: 38 KB
  • #362
  • Mar 20, 2014 10:53am Mar 20, 2014 10:53am
Hello all...got a question here...hope somebody can help me to answer it...

Is supply and demand technique can be use in trading GOLD? is it completely the same as trading currency?

Thanks 4 answering
  • #363
  • Mar 20, 2014 11:01am Mar 20, 2014 11:01am
Quoting Sss33364
Time to buy Gold i think at this DBR, location on curve also looks very good, entry at @:-1331, stoploss below @:-1327, letsee what happens {image}
booked some profit at 1337.20, then got stopped out at break even for rest of the lots. made small profit
  • #364
  • Mar 20, 2014 11:07am Mar 20, 2014 11:07am
Quoting EinsWaltz
Hello all...got a question here...hope somebody can help me to answer it... Is supply and demand technique can be use in trading GOLD? is it completely the same as trading currency? Thanks 4 answering
Yes EinsWaltz,
Supply and demand can be used for trading anything were laws of Supply and demand holds true.
this technique remains same for trading anything.
  • #365
  • Mar 21, 2014 6:43am Mar 21, 2014 6:43am
Quoting kumaramy
{quote} Do you mean I will able to know them when I will get lot of experience.?
Hello kumaramy, I was away from a forum for few days... but I see some other members were eager to answer it for me ... To be brutally honest: I do believe in 10.000 hour formula. Meaning: 10.000 hours of screen time and thinking market before you can say that you might even have an idea of what is going on (let alone putting your money). You do the math, but for the sake of argument it's about 5 years and that is if you spend full time hours every week, no shortcuts. Easier said then done, because you can think all you want but if it's on a wrong track, well then... Also, I firmly believe that no one stands a chance if they don't go thru this process... it's natural selection. This quote is attributed to C.Darwin (although there is very little evidence for that, nevertheless it's a good one): "It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is most adaptable to change." Hmmmm, idea?

Some will disagree on this, but the facts will remain. How many people are successful in this? What do they have in common? Plenty of question will follow after that....

Hope this helps.
"A handful of patience is worth more than a bushel of brains"
  • #366
  • Edited 10:46am Mar 21, 2014 10:30am | Edited 10:46am
Thks for the answer Sss.. i wonder why alot of people trade currency more than gold? are there any other things behind gold that makes it different from

currency?

-for supply and demand zone...is a very very long wick in a single candle can be considered as a strong supply or demand?

-how to put a stop loss? i mean sometimes the price will take the order a little deep below the previous demand zone or above the supply zone..
  • #367
  • Mar 21, 2014 11:24am Mar 21, 2014 11:24am
Quoting Iron Pawn
{quote} Hello kumaramy, I was away from a forum for few days... but I see some other members were eager to answer it for me ... To be brutally honest: I do believe in 10.000 hour formula. Meaning: 10.000 hours of screen time and thinking market before you can say that you might even have an idea of what is going on (let alone putting your money). You do the math, but for the sake of argument it's about 5 years and that is if you spend full time hours every week, no shortcuts. Easier said then done, because you can think all you want but if it's...
Right now I have done 3 years in forex trading and spent daily 12 hours on pc.
-milkeyway
  • #368
  • Mar 24, 2014 9:06am Mar 24, 2014 9:06am
Nice daytrade setup on Gbp/Jpy for couple of pips.
Attached Image
"A handful of patience is worth more than a bushel of brains"
  • #369
  • Mar 24, 2014 11:59am Mar 24, 2014 11:59am
Quoting Iron Pawn
Nice daytrade setup on Gbp/Jpy for couple of pips. {image}
Nice trades bro. I am learning from you. If you please post reasons for your trades, it will be helpful for us to learn.
-milkeyway
  • #370
  • Mar 27, 2014 9:15am Mar 27, 2014 9:15am
ES daytrade. 45 minutes total. 1st stage we go short to look for demand. (to be continued...)
Attached Image
"A handful of patience is worth more than a bushel of brains"
  • #371
  • Mar 27, 2014 9:16am Mar 27, 2014 9:16am
Quoting Iron Pawn
ES daytrade. 45 minutes total. 1st stage we go short to look for demand. (to be continued...) {image}
Stage 2. Pick up profit and enter demand. (to be continued...)
Attached Image
"A handful of patience is worth more than a bushel of brains"
  • #372
  • Mar 27, 2014 9:18am Mar 27, 2014 9:18am
Quoting Iron Pawn
{quote} Stage 2. Pick up profit and enter demand. (to be continued...) {image}
Stage 3. Partial cover and let the rest go. (to be continued...)
Attached Image
"A handful of patience is worth more than a bushel of brains"
  • #373
  • Mar 27, 2014 9:19am Mar 27, 2014 9:19am
Quoting Iron Pawn
{quote} Stage 3. Partial cover and let the rest go. (to be continued...) {image}
Stage 4. Either be greedy or take 12 full points and finish for the day (or week) in 45 minutes.

Check mate.
Attached Image
"A handful of patience is worth more than a bushel of brains"
  • #374
  • Mar 28, 2014 10:16am Mar 28, 2014 10:16am
Quoting EinsWaltz
Thks for the answer Sss.. i wonder why alot of people trade currency more than gold? are there any other things behind gold that makes it different from currency? -for supply and demand zone...is a very very long wick in a single candle can be considered as a strong supply or demand? -how to put a stop loss? i mean sometimes the price will take the order a little deep below the previous demand zone or above the supply zone..
Your welcome EinsWaltz , sorry for late reply as was occupied. i can't comment on why lot of people trade currency more then gold, i even don't know if that is the
case... what to trade depends on what one is comfortable trading and what kind of a trader one is... there may be several more reasons to it, but i don't know.
yes a long wick means good demand, but lot of other things also need to be taken into account b4 u take that level, like location , curve, also besides a long wick
what is equally important is basing, so one needs to take into account all these things....
yes zones will be broken, if zone are never broken then the market will be stuck in a Range and there would be no trend,we are just taking zones with the highest probability of success.
once the level is broken then the zone is no longer valid, also we need to give proper wiggle room to price by giving enough place between distal line and stop-loss
a stop too tight might get triggered easily..
hope this helps...
  • #375
  • Mar 28, 2014 10:17am Mar 28, 2014 10:17am
Quoting Iron Pawn
{quote} Stage 4. Either be greedy or take 12 full points and finish for the day (or week) in 45 minutes. Check mate. {image}
hahaha..ha enjoyed all the Stages..
great work.....
  • #376
  • Mar 28, 2014 10:32am Mar 28, 2014 10:32am
Got this DZ on GOLD Daily,
Entry at @:-1289.60/80 have already booked partial profit at@:-1296/98
holding some with higher targets
Attached Image (click to enlarge)
Click to Enlarge Name: 28-03-2014_XAU-USD-Daily.PNG Size: 39 KB
  • #377
  • Mar 29, 2014 5:47pm Mar 29, 2014 5:47pm
Quoting Sss33364
{quote} hahaha..ha enjoyed all the Stages.. great work.....
Thanks brother... just lucky on that day.
"A handful of patience is worth more than a bushel of brains"
  • #378
  • Mar 31, 2014 10:37am Mar 31, 2014 10:37am
ES day trade, with 1 contract still open at break even. We'll see how it's going to turn out.
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"A handful of patience is worth more than a bushel of brains"
  • #379
  • Apr 3, 2014 9:35am Apr 3, 2014 9:35am
For now, decent move on Gbp/Jpy.
Attached Image
"A handful of patience is worth more than a bushel of brains"
  • #380
  • Apr 3, 2014 10:02am Apr 3, 2014 10:02am
ES post open opportunity. At this point it can only go into green.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: es1 jpeg.jpg Size: 86 KB
Click to Enlarge Name: es2 jpeg.jpg Size: 80 KB
"A handful of patience is worth more than a bushel of brains"
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