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ReadtheMarket - Supply and Demand with Price Action

  • #1,421
  • Oct 28, 2014 12:23pm Oct 28, 2014 12:23pm
Quoting hazor
{quote} I'm looking to this same setup here too.. lol Kind Regards
If you are JPY lover there is brilliant level on GY to look for sell. But need to fine tune 55 to 5 pips .

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Warning to all: These all unconfirmed setups. If you can be able to read PA once price reach the level you can trade. Otherwise don't.
  • #1,422
  • Oct 28, 2014 12:48pm Oct 28, 2014 12:48pm
Quoting Fxyogi
{quote} If you are JPY lover there is brilliant level on GY to look for sell. But need to fine tune 55 to 5 pips . {image} Warning to all: These all unconfirmed setups. If you can be able to read PA once price reach the level you can trade. Otherwise don't.
Another one in watchlist.

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  • #1,423
  • Oct 28, 2014 1:04pm Oct 28, 2014 1:04pm
Quoting charvo
Yogi Bro, would you please discuss for both EU and AU trades, whether your stoploss are beyond the top blue box? if not, why? {quote}
Brother AU is from brilliant QM level.SL is beyond the zone as always.

SL= zone size+ relaxing space
position size to be calculated based on that.

I try to never allow the SL be hit. Once price enters the relaxing space i think and plan my exit. I never sweat. Thats why i call it relaxing space. Based on currencies you need adjust the relaxing space.Try it.
  • #1,424
  • Oct 28, 2014 5:24pm Oct 28, 2014 5:24pm
I like what I see in this thread.

Not always easy to get filled when you buying at the same level as the big boys
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  • #1,425
  • Oct 28, 2014 6:01pm Oct 28, 2014 6:01pm
SD?
Attached Image
daddybearforex. com
  • #1,426
  • Oct 28, 2014 6:02pm Oct 28, 2014 6:02pm
then...
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daddybearforex. com
  • #1,427
  • Oct 28, 2014 6:02pm Oct 28, 2014 6:02pm
and then....
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daddybearforex. com
  • #1,428
  • Oct 28, 2014 6:03pm Oct 28, 2014 6:03pm
Finally....
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daddybearforex. com
  • #1,429
  • Oct 28, 2014 6:05pm Oct 28, 2014 6:05pm
IMO, SR, SD or breakout are all old school teachings....
A FX instrument's PA is not due to SD or SR but a preset path which was set longtime ago.
A pair can move seriously between SD or SR.
There is no rule requires any pairs to react to SD only.
daddybearforex. com
  • #1,430
  • Oct 28, 2014 6:14pm Oct 28, 2014 6:14pm
For example, EJ does not respect so called SD or SR most of the times.
It is because EJ is the proxy of UJ and EU.
The real SD or SR embed within the context of UJ and EU.
Then again, those SD or SR are imaginations of retail traders not big boys.
Big boys write the rule of FX. Anyone who follows their rules can go nowhere.
daddybearforex. com
  • #1,431
  • Oct 28, 2014 6:18pm Oct 28, 2014 6:18pm
SR or SD can be found on any platforms.
They are the basic of any charts and nothing to be learned form it.
Learn something more useful if you want to make good pips seriously.
daddybearforex. com
  • #1,432
  • Oct 28, 2014 6:20pm Oct 28, 2014 6:20pm
If someone tells you green light means O.K. to move on and red light is no go, would you believe there is anything to learn from such a teaching?
If your answer is nothing to learn, then what do you expect from SD or SR?
Market behaviors are what we should understand.
Trading is an art which cannot be taught or learned.
The only way one can break one's own bottle neck to move up to a higher level of trading art is by realization of what market behaviors really are.
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daddybearforex. com
  • #1,433
  • Oct 28, 2014 6:24pm Oct 28, 2014 6:24pm
lol, i don't believe you

but anyway, surviving this market depends on that one's belief works in his expectation, but one's belief need not to be actual.

Quoting DaddyBear
For example, EJ does not respect so called SD or SR most of the times. It is because EJ is the proxy of UJ and EU. The real SD or SR embed within the context of UJ and EU. Then again, those SD or SR are imaginations of retail traders not big boys. Big boys write the rule of FX. Anyone who follows their rules can go nowhere.
  • #1,434
  • Oct 28, 2014 6:28pm Oct 28, 2014 6:28pm
I made 174 pips yesterday. [See my Trade Explorer.]
I did not use any SD or SR which were meaningless IMO.
Want to trade the way I trade and get the pips I have got?
See for yourself at a new school.
daddybearforex. com
  • #1,435
  • Oct 28, 2014 6:31pm Oct 28, 2014 6:31pm
you made 30$, man, probably among the most pathetic group who follow this thread. i'm with you there.

Quoting DaddyBear
I made 174 pips yesterday. [See my Trade Explorer.] I did not use any SD or SR which were not used at all.
  • #1,436
  • Oct 28, 2014 6:35pm Oct 28, 2014 6:35pm
Quoting charvo
lol, i don't believe you but anyway, surviving this market depends on that one's belief works in his expectation, but one's belief need not to be actual. {quote}
You don't have to believe me because I have never asked anyone to believe me.
You may post the trading based on SD or SR and compare to mine without the consideration of SD or SR.
Then tell yourself which way is better. Don't waste your time on some old concept.
daddybearforex. com
  • #1,437
  • Edited 7:05pm Oct 28, 2014 6:36pm | Edited 7:05pm
Quoting charvo
you made 30$, man, probably among the most pathetic group who follow this thread. i'm with you there. {quote}
http://www.forexfactory.com/attachme...1&d=1414540382

That account is to demo how I use my DBX Trading System.
Don't look at the money but the pips and percentage. I could use $10,000 account and made $3,400.
The point is how successful the trades are but not how much I made from that demo account.
I will change the account to $10,000 in next hour.
Will this make any difference to my trading? No, absolutely not. You think that I only made $30. This is a joke.
What I did was trying to make some traders with small pockets feel more comfortable at my threads.
daddybearforex. com
  • #1,438
  • Oct 28, 2014 6:55pm Oct 28, 2014 6:55pm
Good evening all... I would like to say that this thread is one of the best ones only because you are mixing SUPPLY AND DEMAND with price action. I have noticed that most people trade what would be considered supply and demand zone with BIAS (as really the ZONE really doesn´t exsist), but atleast having a zone or area to be willing to enter is a very good start, and using price action rules to enter is by far one of the most interesting and un bias things one can do.
I will be keeping a sharp eye on this thread, as I only use price action in my trading.
  • #1,439
  • Oct 28, 2014 7:00pm Oct 28, 2014 7:00pm
Advice to the O.P.
-------------------------------------

I love the fact that you are giving us charts to watch, and I have also notice that you attention to ENGULFING patterns which to me means you are a keen scalper, and you respect price action. Would you be willing to post charts once certain engulfs happen in real time, as this will give a clear signal to those who want to learn more about engulfing patterns....

One of the easiest things to do (not that you have done so to decieve people) would be to add comments to charts which have already developed a run.... Yet, if say you follow a WHIP SAW engulfing pattern, and you show it as it happens (say on the 5m chart) people will be able to see how powerful those formations are, and easily back test those formations.
  • #1,440
  • Oct 28, 2014 7:09pm Oct 28, 2014 7:09pm
Quoting Fxyogi
Fine tuning top most box found this "Fake jump" very powerful zones to turn the price. Keep it and use it to fine tune zones. {image}
just Awesome dude...where i can find more about the fake jump? There's nothing on it in the RTM forum
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