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Trading is supply and demand

  • #221
  • Dec 20, 2014 5:52pm Dec 20, 2014 5:52pm
Quoting podberry
Oh dear, Reading your post you are a newbie, takes a few "grand " and 1000's of hours to be profitable. been there done that. I am totally clued up on EA's as well with the current good ones ie. REV trader pro..... etc. BUT and a big BUT, don't rely on them and learn to trade manually. {image}

I am Not trading via any EA! I said I took Bearish Engulfing candle in JPY Pairs as a sign of further downside!
  • #222
  • Dec 20, 2014 8:56pm Dec 20, 2014 8:56pm
Quoting investing101
Weekly and monthly charts are my trend. Quick opportunities for me means holding for a few minutes to a few hours. If I found discrepancies in the 4hr charts and above that would equal a swing trade for me which could last a few days.
Hey when you said that you don't have time to have precise entries, do you mean that you take trades you know will go deeply negative... just having the understanding that because you've not over leveraged you'll just wait until the major trend resumes? In other words... no real stops? Or am I missing something.
  • #223
  • Edited 3:04am Dec 21, 2014 2:15am | Edited 3:04am
Quoting behman8850
{quote} Currently I am in hole of some $425. I had taken positions in all Jpy pairs shorting them looking at the bloody weekly bearengulfing bar last week. So from 12/16/2014 onwards I am in sell positions. n all of a sudden it turned on me! Us, Aud, Nzd gbp all !! When do you think they would turn down again? I have sold from usd/jpy 115.74 usd/jpy 182.55.
Hi behman

Not sure what experience you have with the principles of identifying institutional Supply & Demand, but price on USDJPY looked like it first dropped off Daily Supply dating back to around 2007 (which is what was responsible for your Weekly engulfing bar) and then around your short entry at 115.74 it hit Daily/ H4 Demand and reversed Long again.

So as a constructive comment, check out more on how to identify Supply and Demand zones, accept/assume that 50% will probably fail and therefore use a Stop Loss for when you are wrong.

Good Luck
  • #224
  • Dec 21, 2014 5:10am Dec 21, 2014 5:10am
Quoting behman8850
{quote} Currently I am in hole of some $425. I had taken positions in all Jpy pairs shorting them looking at the bloody weekly bearengulfing bar last week. So from 12/16/2014 onwards I am in sell positions. n all of a sudden it turned on me! Us, Aud, Nzd gbp all !! When do you think they would turn down again? I have sold from usd/jpy 115.74 usd/jpy 182.55.

Hi behman;

I see from your profile you have subscribed to 20+ threads in the last three months.

Why are you Trading live when you obviously don't have an idea of how you want to trade?

Are you a Scalper or Swing Trader or Position Trader?

Until you know the answer to this question you should NOT be Trading Live.

Once you know, how you want to Trade, you can Target threads and information that relates to how you want to Trade and dismiss what isn't.

By doing this you will learn what you need to, in relation to your chosen style, and once you become confident with what you are doing move on to Trading live.
  • #225
  • Dec 21, 2014 9:07am Dec 21, 2014 9:07am
Quoting stevepatt
{quote} Hi behman; I see from your profile you have subscribed to 20+ threads in the last three months. Why are you Trading live when you obviously don't have an idea of how you want to trade? Are you a Scalper or Swing Trader or Position Trader? Until you know the answer to this question you should NOT be Trading Live. Once you know, how you want to Trade, you can Target threads and information that relates to how you want to Trade and dismiss what isn't. By doing this you will learn what you need to, in relation to your chosen style, and once...
Thank you.
  • #226
  • Dec 21, 2014 9:08am Dec 21, 2014 9:08am
Quoting Candlestick
{quote} Hi behman Not sure what experience you have with the principles of identifying institutional Supply & Demand, but price on USDJPY looked like it first dropped off Daily Supply dating back to around 2007 (which is what was responsible for your Weekly engulfing bar) and then around your short entry at 115.74 it hit Daily/ H4 Demand and reversed Long again. So as a constructive comment, check out more on how to identify Supply and Demand zones, accept/assume that 50% will probably fail and therefore use a Stop Loss for when you are wrong. Good...
Thank you.
  • #227
  • Dec 22, 2014 7:13am Dec 22, 2014 7:13am
Quoting SakibFX
Bro investing 101, your ideas are quite logical and appreciable. Thanks for your contribution for us. I was wondering if any of our mates could help us by coding a simple MTF indicator like this, with value and colors indicating direction of the stochastic, and/or any other indicator along with it.. {image}
Thanks for this method from 101. I support the simplicity and so far looks promising to me.
Any progress on this MTF indicator? I think this would be speeding up things a lot instead of working per chart on excel.
  • #228
  • Dec 22, 2014 11:21am Dec 22, 2014 11:21am
Quoting ksh
{quote} Thanks for this method from 101. I support the simplicity and so far looks promising to me. Any progress on this MTF indicator? I think this would be speeding up things a lot instead of working per chart on excel.
Hi there, I found an MTF stochastic dashboard somewhere here at FF. It might be useful to you although I would need to modify it but don't know how

You can add or remove pairs as you wish in this

Thanx
Attached File(s)
File Type: ex4 Stochastic Dashboard.build 600ff.ex4   25 KB | 654 downloads
Success - It's not always what you see
  • #229
  • Dec 23, 2014 7:25am Dec 23, 2014 7:25am
Quoting SakibFX
{quote} Hi there, I found an MTF stochastic dashboard somewhere here at FF. It might be useful to you although I would need to modify it but don't know how You can add or remove pairs as you wish in this Thanx {file}
thank Sakib. I will have a look at this one. ex4 means its binary so we wont be able to modify it unless decompiled. But that would have copyright implications.

merry christmas.
ksh
  • #230
  • Dec 23, 2014 9:06am Dec 23, 2014 9:06am
hI ALL,

Has anyone figured out a way to fit this supply and demand method onto one chart? like having three different stochs or RSI'S but instead of flipping through the charts, one could stay one the and have three corresponding indicators?

ps i know its a bit confusing but any help would help

thanks
  • #231
  • Dec 23, 2014 10:33am Dec 23, 2014 10:33am
Quoting behman8850
{quote} Currently I am in hole of some $425. I had taken positions in all Jpy pairs shorting them looking at the bloody weekly bearengulfing bar last week. So from 12/16/2014 onwards I am in sell positions. n all of a sudden it turned on me! Us, Aud, Nzd gbp all !! When do you think they would turn down again? I have sold from usd/jpy 115.74 usd/jpy 182.55.
This post is not meant to rub salt into your wounds. But why would you want to short ALL jpy pairs? Aud and Cad I can understand to some small extent (Aud due to commodity and China weakness and Cad due to oil). but regardless Jpy has been weak for some time, the charts and long term data should tell you this at a glimpse, the small rally (and it was small in the context of long term) was mainly on elections and should have been seen as buying opportunities not selling.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4.png Size: 68 KB


Take Stevepatt's advice and stop searching. Find a trading strategy that makes sense to you and stick with it. So even when trades go wrong, and they will, you can console yourself by knowing why you entered. if you don't you will only end up quitting or WORSE, jumping from system to system getting know where. Good luck
  • #232
  • Dec 23, 2014 10:38am Dec 23, 2014 10:38am
Quoting stevepatt
{quote} Hi investing101; I like the idea behind what you are doing here. But if there's one thing that really annoys me it's when people start to make predictions about Market movement and then think, naively, they have the power to predict the Market. The Markets don't give a s@$t about us and what we think. The USD was Bullish across the board on Wednesday 17th caused by the news events highlighted in the image below. If the news release had gone the other way your prediction of a EUR drop, back, below 1.24 would have been totally wrong. I was...
Steve i love your clean chart set-up. can I ask what these indicators are? and are they all on Nilhilist thread? some look similar to what i use ADR and TP EA but a lot more discreet and cleaner.

Attached Image (click to enlarge)
Click to Enlarge Name: chart pic.png Size: 254 KB
  • #233
  • Dec 23, 2014 3:50pm Dec 23, 2014 3:50pm
Hello all,

I was interested to see this novel use of oscillators! I like the idea but confess to still being slightly confused...

Please see the attached chart of the Dax, showing Daily, Hourly and 15 min.

Clearly the Daily is "overbought" and just looking like it might tip down.

The Hourly is also "overbought" but the stoch is already moving down.

The 15 min has hammered down to "oversold" but without the price following it.

If the higher TF's were still moving up I would read the O/S level on the M15 as a buy signal. But they aren't.

Please would one of the experts be as kind as to give me an analysis of the situation here....

Many thanks indeed.

If you celebrate Christmas, a Very Happy Christmas and a Prosperous New Year to you. If you don't I hope you have a peaceful holiday and a pip-filled year ahead!

Kind regards,

Old Dog

.
Attached Image (click to enlarge)
Click to Enlarge Name: 3-stoch.PNG Size: 90 KB
  • #234
  • Dec 23, 2014 10:30pm Dec 23, 2014 10:30pm
Hello Old Dog,

I'm not expert but I'd like to describe it for my own benefit.

Looking at the daily chart, I guess this is an uptrend in weekly/monthly charts. So, since both of the two higher TFs H1 & D1 are currently in downward direction, chances are they both reach the oversold area before resuming the uptrend, until when I think we should wait for an entry as per a suitable opportunity in M15.

Thanks
Success - It's not always what you see
  • #235
  • Dec 23, 2014 10:43pm Dec 23, 2014 10:43pm
Quoting ForexSponge
hI ALL, Has anyone figured out a way to fit this supply and demand method onto one chart? like having three different stochs or RSI'S but instead of flipping through the charts, one could stay one the and have three corresponding indicators? ps i know its a bit confusing but any help would help thanks
Like this? from FerruFX: https://www.mql5.com/en/market/produ...ll_description
Attached Image (click to enlarge)
Click to Enlarge Name: MTF Stoch.png Size: 24 KB
  • #236
  • Dec 24, 2014 1:03am Dec 24, 2014 1:03am
Quoting jeffx
{quote} Like this? from FerruFX: https://www.mql5.com/en/market/produ...ll_description {image}
hi jeffx

would you mind posting the indicator........ Can't get the download

thanks very much

RT
  • #237
  • Dec 24, 2014 1:16am Dec 24, 2014 1:16am
Quoting jeffx
{quote} Like this? from FerruFX: https://www.mql5.com/en/market/produ...ll_description {image}
WOW!!! What a beauty! I don't need anything else for trading. Great work FerruFX bro. God bless you.
Success - It's not always what you see
  • #238
  • Edited 2:03am Dec 24, 2014 1:40am | Edited 2:03am
Quoting RougeTrader
{quote} hi jeffx would you mind posting the indicator........ Can't get the download thanks very much RT

It looks good, it is free.

EDIT: It gives you multi windows.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 47 KB
  • #239
  • Dec 24, 2014 2:23am Dec 24, 2014 2:23am
Quoting RougeTrader
{quote} hi jeffx would you mind posting the indicator........ Can't get the download thanks very much RT

I've got it now

thanks and have a good Christmas everyone
  • #240
  • Dec 27, 2014 11:53am Dec 27, 2014 11:53am
Quoting Candlestick
{quote} Hi behman Not sure what experience you have with the principles of identifying institutional Supply & Demand, but price on USDJPY looked like it first dropped off Daily Supply dating back to around 2007 (which is what was responsible for your Weekly engulfing bar) and then around your short entry at 115.74 it hit Daily/ H4 Demand and reversed Long again. So as a constructive comment, check out more on how to identify Supply and Demand zones, accept/assume that 50% will probably fail and therefore use a Stop Loss for when you are wrong. Good...
Hi Candestick
If one's using H1 TF how can he links supply and demand zones in current timeframe with the daily or weekly timeframe's? Can you please say a little about the way to do that?
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