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Price Will Tell - Supply/Demand Price Action Trading

  • #1,001
  • Aug 23, 2016 2:44am Aug 23, 2016 2:44am
M15 EURCAD chart.

Will see how it develops...

Attached Image
  • #1,002
  • Aug 23, 2016 3:47am Aug 23, 2016 3:47am
Quoting simond2002
{quote} i.e. the supply and demand zones?
Also the significant S&R breaks.
It never gets easier, you just get better
  • #1,003
  • Aug 23, 2016 4:59am Aug 23, 2016 4:59am
Quoting simond2002
M15 EURCAD chart. Will see how it develops... {image}
Hi Simond,

Just come across your thread and on page one you mention its worth reading Redsword11 thread. What was the thread called as I cannot find it searching under redsword
Man thanks
  • #1,004
  • Aug 23, 2016 5:18am Aug 23, 2016 5:18am
Quoting Shabs19
{quote} Also the significant S&R breaks.
Gonna go back to your original comment:

Quoting Shabs19
{quote} If you take note of the places where momentum enters the market, these becomes significant places to watch when market revisits. The direction is not relevant to these places, only the reaction. The reaction will then confirm the direction you should be trading.
I think we have to be very careful and not confuse anyone here. (Opportunity to break out the tablet and pen )

In the case of a clear range, inside of which, there's the absence of a clean sequence of breakouts, then I'd agree, momentum enters the market, creates the SD zones, and market "direction" may not be so important. Then, as you put it, the reaction will confirm the direction you should be trading:

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But what happens in the following scenario where we have nicely formed SD zones, that we (or heaven forbid an SD indicator) have left loaded into our charts? Is market direction still not relevant here?

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Apologies for being pedantic but I think sometimes we need to keep pressing the point. I'd agree, that at the end of the day, the reaction at any SD zone will still confirm the direction one should be trading. But if (as in the above example) we're selling into a support, or an area where the charts have told us support may develop then it's important we're aware of that.
  • #1,005
  • Aug 23, 2016 5:20am Aug 23, 2016 5:20am
Quoting buzznack
{quote} Hi Simond, Just come across your thread and on page one you mention its worth reading Redsword11 thread. What was the thread called as I cannot find it searching under redsword Man thanks
Price Is Everything
  • #1,006
  • Aug 23, 2016 5:26am Aug 23, 2016 5:26am
Quoting simond2002
M15 EURCAD chart. Will see how it develops... {image}
How'd it go Sim?
Time hides Nothing
  • #1,007
  • Aug 23, 2016 5:41am Aug 23, 2016 5:41am
Quoting CindyXXXX
{quote} How'd it go Sim?
All good thanks - still watching and waiting on that EURCAD, nothing there my side just yet.

How's u?
  • #1,008
  • Aug 23, 2016 5:53am Aug 23, 2016 5:53am
Quoting simond2002
{quote} All good thanks - still watching and waiting on that EURCAD, nothing there my side just yet. How's u?

Good mate, check my blog it's chaos like Laos , just as planned... I'm glad to see your thread still popular on the worlds #1 trading site.

Like the circles that you find in the windmills of your mind ... Sim lets drink ...


Inserted Video
Time hides Nothing
  • #1,009
  • Aug 23, 2016 6:06am Aug 23, 2016 6:06am
Quoting simond2002
M15 EURCAD chart. Will see how it develops... {image}
Sold it. Would've liked to see it trade below 1.4216, however.

It'll be a win or a loss. We'll see...

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  • #1,010
  • Aug 23, 2016 6:17am Aug 23, 2016 6:17am
Quoting simond2002
{quote} Sold it. Would've liked to see it trade below 1.4216, however. It'll be a win or a loss. We'll see... {image}
We see

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Time hides Nothing
  • #1,011
  • Aug 23, 2016 6:25am Aug 23, 2016 6:25am
Quoting CindyXXXX
{quote} We see {image}

Look at ,momentum on a higher time frame Sim


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thanks for your thread i learn a lot sometimes
Time hides Nothing
  • #1,012
  • Aug 23, 2016 6:37am Aug 23, 2016 6:37am
Quoting simond2002
{quote} Sold it. Would've liked to see it trade below 1.4216, however. It'll be a win or a loss. We'll see... {image}
I like to sell at supply & buy at demand
  • #1,013
  • Aug 23, 2016 6:37am Aug 23, 2016 6:37am
Quoting CindyXXXX
{quote} Look at ,momentum on a higher time frame Sim {image} thanks for your thread i learn a lot sometimes
Yes, always for me the higher TF just for a quick look.

On this trade, it's M30 supply zone, which is also where the stop is.

If price breaks out above that then I'll need to take the loss on this trade and look for possibility of buying on the other side. But that might take a while to set up...

Attached Image
  • #1,014
  • Aug 23, 2016 6:45am Aug 23, 2016 6:45am
Quoting batus
{quote} I like to sell at supply & buy at demand
Sounds easy, right?
  • #1,015
  • Aug 23, 2016 6:52am Aug 23, 2016 6:52am
Quoting simond2002
{quote} Sounds easy, right?
Yeaa...sounds easy but not as easy as it sounds thats a sad part haha..
But i'm sorry for this comment ... actually i would not entry a sell like below pic..
Because it was a sell at demand...sorry for that Simond but thats my little rules

Attached Image
  • #1,016
  • Aug 23, 2016 6:58am Aug 23, 2016 6:58am
Quoting batus
{quote} Yeaa...sounds easy but not as easy as it sounds thats a sad part haha.. But i'm sorry for this comment ... actually i would not entry a sell like below pic.. Because it was a sell at demand...sorry for that Simond but thats my little rules {image}
No apology needed.

Let's go over your point once the trade's played out.
  • #1,017
  • Aug 23, 2016 9:00am Aug 23, 2016 9:00am
Quoting simond2002
{quote} Yes, always for me the higher TF just for a quick look. On this trade, it's M30 supply zone, which is also where the stop is. If price breaks out above that then I'll need to take the loss on this trade and look for possibility of buying on the other side. But that might take a while to set up... {image}
This is what i see. demand just below. But it looks kinda spiked or compressed / consumed , so it's hard to tell if it will hold.
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  • #1,018
  • Aug 23, 2016 9:25am Aug 23, 2016 9:25am
Quoting simond2002
{quote} No apology needed. Let's go over your point once the trade's played out.
Here's my point,
What actually my little rules related to the risk & reward.
Thats all i have on trading fx.
Below is what i saw on Ecad & relate to my little rules :

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  • #1,019
  • Aug 23, 2016 9:37am Aug 23, 2016 9:37am
Eurcad i believ will move down to next daily demand / support, i missed the entry though so im hoping for a push back up/double top kind of config to get me in to the sell.

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  • #1,020
  • Aug 23, 2016 9:50am Aug 23, 2016 9:50am
Quoting simond2002
{quote} Sold it. Would've liked to see it trade below 1.4216, however. It'll be a win or a loss. We'll see... {image}
T/P hit.

I analyse and trade through the line before the fact.

I suggest that if you can't, won't, or have a problem doing that - then this thread ain't for you
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