Supply and Demand trading with Fibs | Page 59 | Forex Factory

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Supply and Demand trading with Fibs

  • #1,161
  • Sep 30, 2016 6:30am Sep 30, 2016 6:30am
Hello VQTrader, looks like a valid level with confluence of the FIB retracement levels. I hope this one works out; it's friday afternoon though; less liquidity in the markets
  • #1,162
  • Sep 30, 2016 6:57am Sep 30, 2016 6:57am
EUR/GBP Demand
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  • #1,163
  • Sep 30, 2016 7:03am Sep 30, 2016 7:03am
update on the EUR/GBP
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  • #1,164
  • Sep 30, 2016 8:04am Sep 30, 2016 8:04am
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  • #1,165
  • Sep 30, 2016 8:18am Sep 30, 2016 8:18am
looking good going to lock in profit and move stop loss to break even
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  • #1,166
  • Sep 30, 2016 8:19am Sep 30, 2016 8:19am
Trade worked out
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  • #1,167
  • Sep 30, 2016 8:26am Sep 30, 2016 8:26am
Almost!
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  • #1,168
  • Sep 30, 2016 8:27am Sep 30, 2016 8:27am
Potential long? Waiting
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  • #1,169
  • Sep 30, 2016 8:52am Sep 30, 2016 8:52am
Quoting ^eagle^
{quote} 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
Thanks for the info
  • #1,170
  • Sep 30, 2016 9:10am Sep 30, 2016 9:10am
Just another trade..on usdcad ,on a demand level which is in line with the bullish run that is ongoing at the moment ,though I had to step back to the 15 min chart for a more granular view of this demand area(my buy line).One other thing is that it occurred exactly at the 61.8 fib zone for confluence sake.As at the time of typing this I have moved stop to plus1.
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  • #1,171
  • Sep 30, 2016 9:13am Sep 30, 2016 9:13am
Very Nice trace Cashforex, it's instructing to see a trade taken on a 5min TF!

Mlfund, thx for the shared trade set-up, nicely spotted demand zone on the EUR/JPY! I don't think I would've taken it, as it is against overall trend
  • #1,172
  • Sep 30, 2016 9:31am Sep 30, 2016 9:31am
Quoting mlfund
Potential long? Waiting {image}
I would place the Demand zone higher (see attached PDF)
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File Type: pdf USD-CAD_15min TF.pdf   19 KB | 324 downloads
, in this case a BL would already have been triggered, with a nice profit
  • #1,173
  • Sep 30, 2016 9:33am Sep 30, 2016 9:33am
Quoting TheBiafran
Just another trade..on usdcad ,on a demand level which is in line with the bullish run that is ongoing at the moment ,though I had to step back to the 15 min chart for a more granular view of this demand area(my buy line).One other thing is that it occurred exactly at the 61.8 fib zone for confluence sake.As at the time of typing this I have moved stop to plus1. {image}
Seems like we are all on the same trade :-D, how do you identify your Supply and Demand zones on the chart?
  • #1,174
  • Sep 30, 2016 10:19am Sep 30, 2016 10:19am
Quoting Minosd777
{quote} Seems like we are all on the same trade :-D, how do you identify your Supply and Demand zones on the chart?
Wow that's interesting, well as u can see on the first 1hr chart ..the market has just since carved out a new bullish trend,and what we was was only a retracement into our demand zone (coloured rectangle). But as I said in my earlier post I had to go back to the 15 min chart to pinpoint my exact buy point(indicated with an arrow).then the 61.8 fib zone further increased my confidence to take the trade.
Note:Am basically using trade interceptor for analysis, while I place trades on my peoperstone ctrader account,hence the difference on the earlier posted chart.
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  • #1,175
  • Sep 30, 2016 10:31am Sep 30, 2016 10:31am
Minosd777
I forgot to add ,the demand level shown on my hourly chart is basically a flag.. and I love to take them whenever I spot them.
  • #1,176
  • Sep 30, 2016 5:32pm Sep 30, 2016 5:32pm
Thx Biafran, what is trade interceptor?

I took a SL on the AUD NZD today, good feeling because I placed the trade well upfront this morning and never thought it would hit this fast. The SL was taken at 1.0520 (actually too soon because not in the zone) with a stop at 1.0550. If I would've taken the Sl in the middle of the supply zone this would have given a max 20 pip stop, which is amazing given that I was aiming for this level on a 4H chart. Really happy about this trade, hopefully it will work out.

http://prntscr.com/coct5q
  • #1,177
  • Oct 1, 2016 2:16am Oct 1, 2016 2:16am
Quoting minosd
Thx Biafran, what is trade interceptor? I took a SL on the AUD NZD today, good feeling because I placed the trade well upfront this morning and never thought it would hit this fast. The SL was taken at 1.0520 (actually too soon because not in the zone) with a stop at 1.0550. If I would've taken the Sl in the middle of the supply zone this would have given a max 20 pip stop, which is amazing given that I was aiming for this level on a 4H chart. Really happy about this trade, hopefully it will work out. http://prntscr.com/coct5q
Trade interceptor is a forex trading app that runs both on mobile and desktop computer, but I use them primarily for charting purposes only since I enter 95% of my trades on my tablet due to the nature of my job.
As for your AudNzd trade..that supply level sure looks strong possibly that was profit taking level for institutional traders ..I guess you are in the money now...
  • #1,178
  • Oct 1, 2016 5:07pm Oct 1, 2016 5:07pm
even though picks were good I am down from last week base on EU & AU trades. I like dropping down and waiting on price action to react in the zone but that dam J.O.B won't leave me alone. Anyway, here is a trade I am looking at for next week. Maybe if price reacts well in the zone we can grab a sell and a buy. Penny for your thoughts. Peace
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Empower Your Mind
  • #1,179
  • Oct 1, 2016 7:32pm Oct 1, 2016 7:32pm
Here are my EU-AU trades currently negative on both. I took an aggressive trade on the AU based off on the slight confluence area. I had my doubts but rolled the dice. As a safety measure I did see strong supply further up and set an order just in case. As it stands new demand has been created and will know more when it gaps up or down Sunday. As for the EU it is a complete mess. A new structure/swing high has been created but the pull back has created equalibrium between supply and demand so its in a range. Enough said with this one. I will take my lost with this one. EU took my gains plus some
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Empower Your Mind
  • #1,180
  • Oct 2, 2016 5:36am Oct 2, 2016 5:36am
Hello VQtrader, this EUR USD trade is only down +- 30 pips right? I would say that on a Daily chart that is not a complete catastrophe...I like the demand zone you identified there between 1.1120 and 1.1150, but this zone has been touched twice now. The supply zone has been touched several times too.

In general I would say that friday was a special day, beeing month end and a friday at the same time, eg I think a lot of the usual players were not in the market on friday afternoon. So the question, for me, here is: to what extend can we assign these late friday afternoon movements in price to the usual 'big banks/shark' players and are those supply and demand zones representative for us?
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