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Price Will Tell - Supply/Demand Price Action Trading

  • #501
  • Mar 30, 2015 11:10am Mar 30, 2015 11:10am
Quoting keen246
Hi Simond, I'm going to join your thread. It caught my eye and is totally in line with my trading mindset. I've been demo trading for some 2 years and just until 3 months ago I found the S/D approach. It totally clicked on me. I'm still learning of course, but I think I can understand now how the market moves rather well. I read all the the free info on RTM and I think it was a good start. Right now I'm reading Red's tread as you suggested. I'm right now at page 55 but haven't found any enlightening post as of yet. Maybe because I already read the...
Hi keen,

I'm glad to hear that you're still demo trading. This is the proper approach. Aside from obviously the cost of our time, there's no need for this market to cost us a penny when we're learning how it moves.

You may or may not find a kind of "penny-drop" moment in red's thread. The toughest part I think of learning how to trade is that even with the universal concept of SD we must still each find our own niche way to make it work for us. And of course each of our personal stories are going to be different. From my side, after two years of being a member of various websites I understood that from my point of view, these websites were presenting esoteric trading concepts but in a universal way. Looks good on the outside, not so good on the inside I'm afraid.

As best I could to try and see the market others' way, after two years of banging my head against the wall I realised that it was impossible. And so I walked away. It was just by chance that I went back to reading red's thread and what I immediately understood is that the various things that I'd been seeing through my own eyes, tallied in the way red had been seeing them. More than this, I discovered similarities between my way of describing what I saw, and red's way. And for me this was enough confirmation that I was on the right track, but more importantly it was confirmation to continue to tread that track by myself. Persistence is key. As long as you persist, the "ah-ha" moments should eventually come.

Good luck with it.

Simon
  • #502
  • Mar 30, 2015 2:47pm Mar 30, 2015 2:47pm
this approach is pretty awesome, I must admit. I dont normally trade mondays and I had drew these channels over the weekend. I come down to look at the charts this afternoon and see the normal monday continuation of trend but just look how price breaks these areas and when it does, the solid run of price. Very powerful stuff.
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Learn, a forex trader must, unlearn and relearn he will.
  • #503
  • Mar 31, 2015 2:09am Mar 31, 2015 2:09am
EURAUD tech.

Markets go up, then they range, then they either continue going up, or go down.

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  • #504
  • Mar 31, 2015 2:14am Mar 31, 2015 2:14am
The market can be quite intimidating. But as with most things that intimidate us, once we understand their motives and how they move, their ability to intimidate us is vastly reduced. In this respect, the market is no different.
  • #505
  • Mar 31, 2015 6:19am Mar 31, 2015 6:19am
Quiet morning in the market my side. It looks like Oz may be starting to retrace on the M30 TF but it's early days and I'm definitely not ready to start scalping it north just yet.


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  • #506
  • Apr 1, 2015 2:34am Apr 1, 2015 2:34am
EURAUD tech.

There's a significant MN picture for why EURAUD can continue short. At the moment I'm focusing more on the H1 chart to see how this channel behaves. It's already put in some early signs that it may break low. Watching and waiting.

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  • #507
  • Apr 1, 2015 2:54am Apr 1, 2015 2:54am
last 2 days EU´s PA looks very interesting
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  • #508
  • Apr 1, 2015 2:57am Apr 1, 2015 2:57am
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  • #509
  • Apr 1, 2015 3:06am Apr 1, 2015 3:06am
gu ranging

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I will trade back next monday, specting low volume and high spikes
  • #510
  • Apr 1, 2015 3:44am Apr 1, 2015 3:44am
Quoting mellyfx
gu ranging {image} I will trade back next monday, specting low volume and high spikes

It looks like your eyes are getting good focus
  • #511
  • Apr 1, 2015 3:54am Apr 1, 2015 3:54am
Quoting simond2002
{quote} It looks like your eyes are getting good focus
wow that move ( GBP Manufacturing PMI )

gu 1.4725, here we go , was lucky to close a tiny 10pip scalp up
  • #512
  • Apr 1, 2015 4:18am Apr 1, 2015 4:18am
Quoting mellyfx
{quote} wow that move ( GBP Manufacturing PMI ) gu 1.4725, here we go , was lucky to close a tiny 10pip scalp up
On the M5 charts can you see a reason why we needed to be cautious on the buy side?
  • #513
  • Apr 1, 2015 4:25am Apr 1, 2015 4:25am
Quoting simond2002
{quote} On the M5 charts can you see a reason why we needed to be cautious on the buy side?
we have a kind of compresion before the last drop (1.4865) and a earlier demand zone in 1.4756, beside that anything any sugestions?
  • #514
  • Apr 1, 2015 4:27am Apr 1, 2015 4:27am
Quoting mellyfx
{quote} we have a kind of compresion before the last drop (1.4865) and a earlier demand zone in 1.4756, beside that anything any sugestions?
This is something posted into the Skype room. Hopefully the link will work.

On 01/04/2015, at 09:15, Simon wrote:
> I may try and trade cable around the news. Got to be cautious though, even with this fresh M5 demand because they've broken the low http://prntscr.com/6o1kjf
  • #515
  • Apr 1, 2015 4:27am Apr 1, 2015 4:27am
Quoting mellyfx
{quote} we have a kind of compresion before the last drop (1.4865) and a earlier demand zone in 1.4756, beside that anything any sugestions?
I can add that 1.4820 was visited several times
  • #516
  • Apr 1, 2015 4:30am Apr 1, 2015 4:30am
Quoting simond2002
{quote} On the M5 charts can you see a reason why we needed to be cautious on the buy side?
I notice it, interesting, in my chart that low is broken just for 1 o 2 pips,
  • #517
  • Apr 1, 2015 8:32am Apr 1, 2015 8:32am
GJ is currently bouncing around inside a rather dismal looking H4 flag but it's interesting that price has recently reacted off of an H1 trend-line (white arrow).

M15 is nothing of particular significance at the moment for me - just some lines drawn in, but it seems as though the M15 buyers are putting some footprints in the market.

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  • #518
  • Apr 1, 2015 8:50am Apr 1, 2015 8:50am
Quoting simond2002
just some lines drawn in, but it seems as though the M15 buyers are putting some footprints in the market. {image}
... and the plot thins

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  • #519
  • Apr 1, 2015 8:57am Apr 1, 2015 8:57am
I should explain as well (for the benefit of anyone comparing the two previous M15 charts), once I saw the bear candle print, I adjust the upward rising line to gauge as a reference point for where the wick of the bear touched (both upward lines added into this image to clarify)

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  • #520
  • Apr 1, 2015 9:13am Apr 1, 2015 9:13am
Any comments?

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