Attachments: Supply and Demand trading with Fibs

Supply and Demand trading with Fibs

#1,221
Oct 4, 2016 11:04am Oct 4, 2016 11:04am

Alamhakim
| Joined Feb 2012 | Status: Trader | 141 Posts

Quoting mlfund

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GBPAUD H1 potential DD forming. strong breakout here with pullback within 24 candles will confirm the zone. H4 potential price action shown by the blue line. {image} {image}

Ignored

Thanks, this is new for me, do you take previous daily support and resistance into view?

#1,222
Oct 4, 2016 11:24am Oct 4, 2016 11:24am

deankenny21
Joined Jan 2011 | Status: Senior Member - Pro FX Trader | 2,736 Posts

Quoting Alamhakim

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{quote} Thanks, this is new for me, do you take previous daily support and resistance into view?

Ignored

HI welcome, please try and refrain from using support and resistance in this thread, as it is highly inferior to supply and demand, so to re-word your question, would be do you take previous days supply and demand into view. The answer really depends on timeframe, predicted trade time etc.

#1,223
Oct 4, 2016 11:50am Oct 4, 2016 11:50am

Alamhakim
| Joined Feb 2012 | Status: Trader | 141 Posts

Quoting deankenny21

Disliked

{quote} HI welcome, please try and refrain from using support and resistance in this thread, as it is highly inferior to supply and demand, so to re-word your question, would be do you take previous days supply and demand into view. The answer really depends on timeframe, predicted trade time etc.

Ignored

Understood, I will need to try to understand how to use Supply and demand and Fibonacci to enter and take positions. I will try to reread the the threads.

#1,224
Oct 4, 2016 2:50pm Oct 4, 2016 2:50pm

minosd
| Joined Apr 2010 | Status: Trader | 197 Posts

Quoting vqtrader

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{quote} Even though its hindsight the fact is you saw it and you have an idea of what to look for. Eventually you will catch them in real time or better yet find them and then wait for it to setup. good job

Ignored

Thx VQTrader,, I will continue to improve and post here...below is a NZD/JPY trade I just missed by a pip; but even if the SL would've been hit, then I would not have hit the TP. In FX the difference between succes and failure is very small

http://prntscr.com/cpurz4

#1,225
Oct 4, 2016 2:50pm Oct 4, 2016 2:50pm

minosd
| Joined Apr 2010 | Status: Trader | 197 Posts

Quoting deankenny21

Disliked

{quote} HI welcome, please try and refrain from using support and resistance in this thread, as it is highly inferior to supply and demand, so to re-word your question, would be do you take previous days supply and demand into view. The answer really depends on timeframe, predicted trade time etc.

Ignored

Hello DeanKenny, will you teach us how to use Supply&Demand on lower time frames?

Thx

#1,226
Oct 4, 2016 6:05pm Oct 4, 2016 6:05pm

vqtrader
| Joined Mar 2011 | Status: Sweet Market Harmony | 417 Posts

Quoting minosd

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{quote} Hello DeanKenny, will you teach us how to use Supply&Demand on lower time frames? Thx

Ignored

I am not putting words in DeanKenny mouth but if you can find it on higher timeframe you can find it anywhere(it can get tricky at times). My suggestion is to start on a time frame that has clear S/D and see how price react to your decision an hour and up. In essence, if the big boys and you agree the price will move out that area fast. You just see it better on lower. Just look at cashforex pics notice he locates an explosive move out then wait on retrace back to S/D. That's how I do it as well but I drop down to 5 min sometimes 1 min, but it hard to get filled at times. hope that helps.

But of course we would like DK perspective

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