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Supply and Demand trading with Fibs

  • #1,141
  • Sep 29, 2016 7:54am Sep 29, 2016 7:54am
Quoting Minosd777
Thx VQTrader for this clear explanation, I guess you don't like my Stochastics ? :-D I am currently testing them out. How do you determine your supply and demand zones and how to you draw them? Hello Cashforex, interesting, I don't really see were you highlighted your supply zone.
Between the two red horizontal lines
  • #1,142
  • Sep 29, 2016 8:52am Sep 29, 2016 8:52am
Hi guys..
Just wanted to share a trade I entered this morning.. On usdjpy 1hr .I went long at 101.385 price level,a little above the arrow ,one interesting the with this demand level is that It could be considered also as a flag.
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  • #1,143
  • Sep 29, 2016 11:36am Sep 29, 2016 11:36am
Quoting cashforex
{quote} Hey VQtrader, if you look to the left we can see that price it has brokern the last swing high, and that gives us great indication that the price is going to be moving up, and just to double check with the fib ext, from swing high to swing low it falls perfectly on the 68.1, and we can see that the price has stalled there and then took off, so inclusion we can expect the price to come back to that demand, and it would be a good buy, as you can see the trade played out to perfection hope that helps
Cashforex, I give you full credits for spotting this, absolutely beautiful trade, you are doing magnificently well done.

Tip: The quicker price returns to a zone the more prominent move away will be.

Apologies to all for my lack of posting lately, I am having some personal issues with family regarding health and it's tough but hope to be back in full swing soon. To others posting here keep it up.
  • #1,144
  • Sep 29, 2016 1:53pm Sep 29, 2016 1:53pm
great to learn from well established traders with discipline. I too have been preoccupied with other things. But looking forward to give out some knowledge and learn about the higher timeframes. I hope to go live next month but I am not happy because my computer updated and I did not save my demo password on my Oanda account. So I am starting from scratch again after being up 80 pips scalping pre-sydney and asia. This is part time a few days a week with tight stops. A good gig for a us eastern seaboard Americans. Pre sydney starts now but I have to reset all my charts....
  • #1,145
  • Sep 29, 2016 2:01pm Sep 29, 2016 2:01pm
Hello senior S&D traders

How do you draw your zones manually or with the help of an indicator (here an example https://www.mql5.com/en/market/product/13712 )

Cheers.
Merka
  • #1,146
  • Sep 29, 2016 2:09pm Sep 29, 2016 2:09pm
Quoting deankenny21
{quote} Cashforex, I give you full credits for spotting this, absolutely beautiful trade, you are doing magnificently well done. Tip: The quicker price returns to a zone the more prominent move away will be. Apologies to all for my lack of posting lately, I am having some personal issues with family regarding health and it's tough but hope to be back in full swing soon. To others posting here keep it up.
Hello DeanKelly,
Great to hear from you, family goes before forex, always. Take care and hopefully everything will be good for you and your family in the future.
  • #1,147
  • Sep 29, 2016 2:18pm Sep 29, 2016 2:18pm
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  • #1,148
  • Sep 29, 2016 2:24pm Sep 29, 2016 2:24pm
I want to share a 15min TF supply zone on the GBP USD. I did not take this trade, still practising in identifying supply zones, but this one looks good to me: with the overall 4H and Daily trend, nice consolidation zone in a rectangle, no swing high, quick bearish candle to break it.

http://prntscr.com/cnwaqw
  • #1,149
  • Sep 29, 2016 2:47pm Sep 29, 2016 2:47pm
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  • #1,150
  • Sep 29, 2016 3:10pm Sep 29, 2016 3:10pm
Quoting minosd
I want to share a 15min TF supply zone on the GBP USD. I did not take this trade, still practising in identifying supply zones, but this one looks good to me: with the overall 4H and Daily trend, nice consolidation zone in a rectangle, no swing high, quick bearish candle to break it. http://prntscr.com/cnwaqw
Looking at it. The better zone is the one just below 1.30.Fresh low was made, Nice sharp rejection from a round number. If price returns, Its a sure sell.But would like to hear others on it.Nice continuation pattern
  • #1,151
  • Edited 3:34pm Sep 29, 2016 3:23pm | Edited 3:34pm
Stopped out for minus 5. I saw the wedging on m1 and thought to pull the plug but I decided against it since my stop was tight anyway. I'm thinking Play by play analysis might be hurting my trading. But since Im still in demo mode Ill keep going. This type of trading sees 1/3 Take profit trades. 1/3 BE trades and 1/3 cost of trading trades. The BE's are usually BE+1 so its a 66% net winning scene. Just not my week apparently. That's statistics for ya!Getting into Sydney now so I begin to keep an eye on the Ozzie and also wait for the chinese to open the asian box. Some yen news tonight but thats really not my bag. I like to follow the Aus because they are mineral rich and it correlates nicely with gold and silver. the asian box opens and I look for bounces.But I work so I find it hard to stay up later than that.
  • #1,152
  • Sep 29, 2016 3:41pm Sep 29, 2016 3:41pm
Quoting cashforex
AUD/JPY missed opportuinty {image}
not seeing how this was marked. looked much lower and wider to me
  • #1,153
  • Sep 29, 2016 3:50pm Sep 29, 2016 3:50pm
Quoting Merka
Hello senior S&D traders How do you draw your zones manually or with the help of an indicator (here an example https://www.mql5.com/en/market/product/13712 ) Cheers. Merka
http://www.forexfactory.com/showthre...96#post8504096

This is my old journal, all my tools are on here. explanations are linked to another thread . You can read through if you like. My stuff is designed for scalping but I am looking for a longer term h1 to 4h type of swing trading and continuation patterns. Not right now though as My bread and butter is sydney and Asian scalps. No need to be a contortionist. You can be a one trick pony and win at this game.statistics is the key
  • #1,154
  • Edited Sep 30, 2016 4:58am Sep 29, 2016 7:24pm | Edited Sep 30, 2016 4:58am
Quoting cashforex
{quote} Hey VQtrader, if you look to the left we can see that price it has brokern the last swing high, and that gives us great indication that the price is going to be moving up, and just to double check with the fib ext, from swing high to swing low it falls perfectly on the 68.1, and we can see that the price has stalled there and then took off, so inclusion we can expect the price to come back to that demand, and it would be a good buy, as you can see the trade played out to perfection hope that helps
Thanks for the info. here is what I see coming. maybe
update: sold off but stopped out before it happened
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Empower Your Mind
  • #1,155
  • Sep 30, 2016 2:51am Sep 30, 2016 2:51am
On the USD/JPY chart above, nice zone I would say, unfortunately a news event last night made the price go through it before crashing back down again
  • #1,156
  • Sep 30, 2016 3:06am Sep 30, 2016 3:06am
Hello All,

Hereunder a PDf file with a AUD/NZD 1H TF chart containing 2 supply zones, the bigger one was drawn on the 4H TF, the smaller red one on the 1H TF.
Plz don't pay attention to the short position I opened, this is not following the SD rules and is just a LT trade based on Daily chart.

many thanks for the feed-back.

Minosd
Attached File(s)
File Type: pdf AUD NZD 4H and 1H Supply zones.pdf   114 KB | 329 downloads
  • #1,157
  • Sep 30, 2016 4:32am Sep 30, 2016 4:32am
Greetings folks
Here's a free trade am in right now..Uj 1hr ,hopefully am in profit at the moment I hope it makes it to the tp..the market rotated bank to a demand level from a prior impulsive leg,though this trade was originally planned to be a scalp trade given the fact that we now have a new bearish trend in place,but it looks to be working out pretty good.
The other reason for talking this trade is the proximity to a major fib zone of the last bullish run.
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  • #1,158
  • Sep 30, 2016 4:41am Sep 30, 2016 4:41am
Quoting deankenny21
{quote} Cashforex, I give you full credits for spotting this, absolutely beautiful trade, you are doing magnificently well done. Tip: The quicker price returns to a zone the more prominent move away will be. Apologies to all for my lack of posting lately, I am having some personal issues with family regarding health and it's tough but hope to be back in full swing soon. To others posting here keep it up.
Thanx Dean, you showed us the magic, my friend all the credit goes to you,
  • #1,159
  • Sep 30, 2016 5:07am Sep 30, 2016 5:07am
Quoting Minosd777
On the USD/JPY chart above, nice zone I would say, unfortunately a news event last night made the price go through it before crashing back down again
Yep I look at everything as a teaching moment and lesson.
Empower Your Mind
  • #1,160
  • Edited 5:50am Sep 30, 2016 5:35am | Edited 5:50am
Here is what I am looking at. G/U short. Why am I getting in?

1. Fresh(AU 1 touch)
2. Falls in 50-61 zone of Swing H/L (testing)
3. dropped strong

Let see what happens
I have reach my max 3 positions for the day. 3 a day win or lose
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Empower Your Mind
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