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  • #4,701
  • Jan 7, 2016 10:27am Jan 7, 2016 10:27am
For a change I have a question!! I have never got the hang of drawing Supply and Demand zones, which is why I stick with Support and Resistance lines. On the attached chart, have I drawn the S&D zone correctly?? I know there are a couple of indicators available that draw them for you but I found that they draw so many zones that I did not agree with that I don't use them.
Attached Image (click to enlarge)
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Cut your Losers short and let your Winners run.
  • #4,702
  • Jan 7, 2016 10:30am Jan 7, 2016 10:30am
Quoting friska
let's see {image} edit out 1.618 {image} re edit entry short PB @ 022 + target projection {image} out short 1.27 {image}
I heard a song about you, I don,t know what it is called but the chorus always said " And he's a smooth operator" some how seems to describe you.
Cut your Losers short and let your Winners run.
  • #4,703
  • Jan 7, 2016 10:35am Jan 7, 2016 10:35am
Quoting dee50
For a change I have a question!! I have never got the hang of drawing Supply and Demand zones, which is why I stick with Support and Resistance lines. On the attached chart, have I drawn the S&D zone correctly?? I know there are a couple of indicators available that draw them for you but I found that they draw so many zones that I did not agree with that I don't use them. {image}
imho complex question.
the areas of supply and demand in my view are a little more complex vision of a 'linear zone'.
I think this is a point of filling orders in the market and resulting positions of stall / sl hunter for big players.
that's why I never trusted at S / D indicators and have always found it difficult to pinpoint the 'pure' areas.
There are a couple of threads here that deepen the question well. and another external source that is very specific.
if you like I'll write some links ...
nescentia necat
  • #4,704
  • Jan 7, 2016 10:36am Jan 7, 2016 10:36am
Quoting dee50
{quote} I heard a song about you, I don,t know what it is called but the chorus always said " And he's a smooth operator" some how seems to describe you.
nescentia necat
  • #4,705
  • Jan 7, 2016 10:46am Jan 7, 2016 10:46am
Quoting friska
{quote} imho complex question. the areas of supply and demand in my view are a little more complex vision of a 'linear zone'. I think this is a point of filling orders in the market and resulting positions of stall / sl hunter for big players. that's why I never trusted at S / D indicators and have always found it difficult to pinpoint the 'pure' areas. There are a couple of threads here that deepen the question well. and another external source that is very specific. if you like I'll write some links ...
Quoting dee50
For a change I have a question!! I have never got the hang of drawing Supply and Demand zones, which is why I stick with Support and Resistance lines. On the attached chart, have I drawn the S&D zone correctly?? I know there are a couple of indicators available that draw them for you but I found that they draw so many zones that I did not agree with that I don't use them. {image}
like this reasoning..
quasimodo progression
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nescentia necat
  • #4,706
  • Jan 7, 2016 10:47am Jan 7, 2016 10:47am
Quoting friska
{quote} imho complex question. the areas of supply and demand in my view are a little more complex vision of a 'linear zone'. I think this is a point of filling orders in the market and resulting positions of stall / sl hunter for big players. that's why I never trusted at S / D indicators and have always found it difficult to pinpoint the 'pure' areas. There are a couple of threads here that deepen the question well. and another external source that is very specific. if you like I'll write some links ...
I understand the theory behind S&D, what I could never get to grips with is how to decide how big or small the zone should be when you draw them, I have looked at a couple of other threads but the advice on how to draw them was always extremely vague.
Cut your Losers short and let your Winners run.
  • #4,707
  • Jan 7, 2016 10:55am Jan 7, 2016 10:55am
Quoting dee50
{quote} I understand the theory behind S&D, what I could never get to grips with is how to decide how big or small the zone should be when you draw them, I have looked at a couple of other threads but the advice on how to draw them was always extremely vague.
I agree with you, always very vague.
but if i'm not wrong, the majority of S / D users trace the shadow of the external candle as area amplitude
... but I would not say nonsense.
I have a couple of videos on youtube about it.
nescentia necat
  • #4,708
  • Jan 7, 2016 11:07am Jan 7, 2016 11:07am
Quoting friska
{quote} I agree with you, always very vague. but if i'm not wrong, the majority of S / D users trace the shadow of the external candle as area amplitude ... but I would not say nonsense. I have a couple of videos on youtube about it.
Post a link for me please so I can have a look.
Cut your Losers short and let your Winners run.
  • #4,709
  • Jan 7, 2016 11:10am Jan 7, 2016 11:10am
Quoting dee50
{quote} Post a link for me please so I can have a look.
I can recommend you this guy (Keyser Soze) https://www.youtube.com/channel/UCg0...uZDOhZw/videos
  • #4,710
  • Jan 7, 2016 11:11am Jan 7, 2016 11:11am
Quoting nuckern
{quote} I can recommend you this guy (Keyser Soze) https://www.youtube.com/channel/UCg0...uZDOhZw/videos
Cut your Losers short and let your Winners run.
  • #4,711
  • Jan 7, 2016 11:19am Jan 7, 2016 11:19am
Quoting dee50
{quote} I heard a song about you, I don,t know what it is called but the chorus always said " And he's a smooth operator" some how seems to describe you.

you mean Sade? I like her a lot

Inserted Video
  • #4,712
  • Jan 7, 2016 11:21am Jan 7, 2016 11:21am
Dee,
My understanding of supply and demand zones is basically the confluence of S&R zones along time. I have been looking at this for the past few months, and those that work best are the D1 and then fine tune in 4H. You will be amazed how a zone can be respected along time when you scroll back your chart.



Quoting dee50
For a change I have a question!! I have never got the hang of drawing Supply and Demand zones, which is why I stick with Support and Resistance lines. On the attached chart, have I drawn the S&D zone correctly?? I know there are a couple of indicators available that draw them for you but I found that they draw so many zones that I did not agree with that I don't use them. {image}
  • #4,713
  • Jan 7, 2016 11:32am Jan 7, 2016 11:32am
Dee, about your response, I wonder when trading std candles, what was your base analysis time frame, and which your trigger time frame?

In my years of learning, I have gone from one extreme to another. I like very much renkos, but time restriction is a factor when you work full time, as it requires lots of screen time.

I've been trading 4H with limit orders, and some 1H, but also tends to be too slow, and like to develop one other strategy that can help me grab 30 - 50 pips a day, using std candles, and also use renko when have time to spare. So maybe your input can help me to get more ideas.

Many thanks for your great advice as always.



Quoting dee50
{quote} You know there is a very simple way to see if every thing works the same on Std Candles as it does on Renkos, also I was trading in exactly the same way for years before I came over to Renkos, does that tell you any thing?
  • #4,714
  • Jan 7, 2016 11:34am Jan 7, 2016 11:34am
Quoting dee50
{quote} I understand the theory behind S&D, what I could never get to grips with is how to decide how big or small the zone should be when you draw them, I have looked at a couple of other threads but the advice on how to draw them was always extremely vague.
Here's my 2 cents.

I don't think renko charts are the best for drawing S&D zones; length of candles, time spent on a base are important in drawing S&Ds.

The only place where you will learn to draw zones by exact rules is here: http://www.thestrategylab.com/. The zones this guy uses are calle WRB Zones. He has 3 chapters that are free so you can get a better understanding of what he's doing (chapters 4 - 12 that teaches you advanced zone drawing are for a price). This guy is a scalper and usually trades indices. This is the only resource that I found that has by the rules zone drawing. There's a guy called HiddenGap here on FF that posted good charts using the WRB principles.

Free resources that I appreciate are:
http://www.forexfactory.com/showthread.php?t=230888
http://www.forexfactory.com/showthread.php?t=402931

If you decide to study the free resources, my advice is to study the charts only from the person who opened the thread, maybe one or two others who posted consistently...I say this because as you say there are no specific rules and to get what he's doing to find the zones...it's better to stick to the person who started the thread.

Hope these are helpful.
  • #4,715
  • Jan 7, 2016 11:51am Jan 7, 2016 11:51am
Thanks every one for your contributions towards my question, but, I know all about Supply and Demand zones, I actually attended one of the first webinars done by Sam Seiden when he first released the idea into the trading world. I do not think any differently about Supply and Demand zones now, than I did then.

What I was asking, was how do you identify the "supposed" actual area of the S&D zone so that you can draw it onto a chart, get 2 traders to draw an S&D zone and 1 will draw it 10 pips deep and the other will draw it 15 pips deep. the other thing I have noticed over time is that many traders draw far too many zones on their charts, many of them are at points that are clearly not S&D zones but just minor market movements.

I have just done a quick search and come across "S&D Gurus" who claim that S&D is different from S&R. What a pile of Hogwash.
Cut your Losers short and let your Winners run.
  • #4,716
  • Jan 7, 2016 11:54am Jan 7, 2016 11:54am
Quoting MisterC
{quote} Here's my 2 cents. I don't think renko charts are the best for drawing S&D zones; length of candles, time spent on a base are important in drawing S&Ds. The only place where you will learn to draw zones by exact rules is here: http://www.thestrategylab.com/. The zones this guy uses are calle WRB Zones. He has 3 chapters that are free so you can get a better understanding of what he's doing (chapters 4 - 12 that teaches you advanced zone drawing are for a price). This guy is a scalper and usually trades indices. This is the only...
Always nice stuff MisterC,
I can add a pics found in a SD thread here on FF
Attached Image (click to enlarge)
Click to Enlarge Name: image.jpg Size: 661 KB

here the link with also some youtube video
http://www.forexfactory.com/showthread.php?t=428204
Saved in my fav but not read yet with attention... Hope it can help a bit
nescentia necat
  • #4,717
  • Jan 7, 2016 12:02pm Jan 7, 2016 12:02pm
Quoting cfabian
Dee, about your response, I wonder when trading std candles, what was your base analysis time frame, and which your trigger time frame? In my years of learning, I have gone from one extreme to another. I like very much renkos, but time restriction is a factor when you work full time, as it requires lots of screen time. I've been trading 4H with limit orders, and some 1H, but also tends to be too slow, and like to develop one other strategy that can help me grab 30 - 50 pips a day, using std candles, and also use renko when have time to spare. So...
I traded the 1hr as the master chart but took entries on the 15 min, often I was able to get in earlier off the 15 min even before the 1 hr confirmed the signal. But, I was trading full time so the 1 hr will be no use to you, people in full time occupations need to learn to swing trade.

getting 30 - 50 pips a day depends on the instrument you are trading, I changed to DAX from EU because it has twice the daily range and often 4 times the volatility, there are only a couple of currency pairs that come close to that. i can't remember which pairs maybe one of the other guys here can tell you.
Cut your Losers short and let your Winners run.
  • #4,718
  • Jan 7, 2016 12:05pm Jan 7, 2016 12:05pm
Quoting MisterC
{quote} Here's my 2 cents. I don't think renko charts are the best for drawing S&D zones; length of candles, time spent on a base are important in drawing S&Ds. The only place where you will learn to draw zones by exact rules is here: http://www.thestrategylab.com/. The zones this guy uses are calle WRB Zones. He has 3 chapters that are free so you can get a better understanding of what he's doing (chapters 4 - 12 that teaches you advanced zone drawing are for a price). This guy is a scalper and usually trades indices. This is the only...
Thank you. yes I tend to ignore every one other than the OP on a thread.
Cut your Losers short and let your Winners run.
  • #4,719
  • Jan 7, 2016 12:08pm Jan 7, 2016 12:08pm
Quoting friska
{quote} Always nice stuff MisterC, I can add a pics found in a SD thread here on FF {image} here the link with also some youtube video http://www.forexfactory.com/showthread.php?t=428204 Saved in my fav but not read yet with attention... Hope it can help a bit
Thank you.
Cut your Losers short and let your Winners run.
  • #4,720
  • Jan 7, 2016 12:49pm Jan 7, 2016 12:49pm
Quoting friska
{quote} Always nice stuff MisterC, I can add a pics found in a SD thread here on FF {image} here the link with also some youtube video http://www.forexfactory.com/showthread.php?t=428204 Saved in my fav but not read yet with attention... Hope it can help a bit
I remember about a year ago I was reading that thread. It focuses mainly on set and forget orders; not really my cup of tea but a nice thread nonetheless!
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