Attachments: Supply and Demand trading with Fibs

Supply and Demand trading with Fibs

#1,321
Oct 14, 2016 3:12am Oct 14, 2016 3:12am

SGKen
| Joined Oct 2016 | Status: Trader | 62 Posts

Quoting minosd

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Hello SGken, They look ok, but a Topdown analysis would be better, so starting at 4H for example and bring it donw to a 5 min analysis. I am doing the same for myself starting at weekly, then Daily, and taking my trades on a 4H chart, it works better this way, because it adds a lot more weight to your trade Br, Minosd

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Hi Minosd,

Thank you for your advice! You mean start from higher TF and move down is by looking at the overall trend and trade with the trend?

#1,322
Oct 14, 2016 4:59am Oct 14, 2016 4:59am

ficibald
Joined Oct 2014 | Status: Trader | 871 Posts

Quoting minosd

Disliked

Hello SGken, They look ok, but a Topdown analysis would be better, so starting at 4H for example and bring it donw to a 5 min analysis. I am doing the same for myself starting at weekly, then Daily, and taking my trades on a 4H chart, it works better this way, because it adds a lot more weight to your trade Br, Minosd

Ignored

You see signal on weekly.then you see signal on daily when price retraces from supply or demand zone.and then you see signal on 4 h and enter?or you just look weekly and daily trend and enter on 4h by signal?

#1,323
Oct 14, 2016 7:58am Oct 14, 2016 7:58am

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

I am not a specialist, but if I see a zone on the weekly that corresponds with a zone on the Daily and I zoom in and there is also a zone on the 4H, everything with the trend, then there is a big chance things will work out right for me.
If you trade on the 5 min you could do the same with for example: 4H, 1H, 5Min/15Min/30Min

You can also just consider the 4H (weekly in my case) to check if you are not above/below important resistance or support zones.

#1,324
Oct 14, 2016 9:02am Oct 14, 2016 9:02am

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

For example, a long on the USD JPY I took this morning, it's bearish on the weekly but the pair has been showing some bullishness by breaking the downward resistance line you see on the Daily, also more recently it invalidaded the supply zone you see on Daily TF.
On the Daily again you also see a demand zone beginning at 103.60 until 103.20, I drew +- the same on the 4H chart and took the trade from there. A little risky because I was late...ideally would've been a BL at the middle of the demand at 103.40, stop 20 pips and let it run until the first supply I see on the 1H, +- 1:4 RR.

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#1,325
Oct 14, 2016 9:33pm Oct 14, 2016 9:33pm

SGKen
| Joined Oct 2016 | Status: Trader | 62 Posts

Quoting minosd

Disliked

For example, a long on the USD JPY I took this morning, it's bearish on the weekly but the pair has been showing some bullishness by breaking the downward resistance line you see on the Daily, also more recently it invalidaded the supply zone you see on Daily TF. On the Daily again you also see a demand zone beginning at 103.60 until 103.20, I drew +- the same on the 4H chart and took the trade from there. A little risky because I was late...ideally would've been a BL at the middle of the demand at 103.40, stop 20 pips and let it run until the first...

Ignored

That was a very good explanation and it was clearer to me now. Thank you minosd! I will practice more on it.

I have one question, from my understanding, is the demand zone supposed to be drew from the last latest bearish candle open to the low of the lowest low happen most recently and supply zone supposed to be drew from the last latest bullish candle open to the high of the highest high happen most recently? From your USDJPY D1 chart, I saw the smaller zone was not drew to that and i'm wondering if you drew to that, you would have an entry on the earlier bearish pin bar formed and close with a profit of 1:2. Correct me if i'm wrong as I'm still learning. Thank you!

#1,326
Oct 18, 2016 6:22am Oct 18, 2016 6:22am

^eagle^
| Joined Oct 2008 | Status: Trader | 423 Posts

Quoting ficibald

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{quote} what is salmon scalps?

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It's a scalping style I developed over the years. I learned this after many years of trading with EA Scalpers. I combined the price action with sam seiden's methods. This is done Primarily after the London close And NY comes back from Lunch To just before the Sydney Open. Money flows begin to slow down and if price took a major bounce of Supply or demand during the NY London Over lap, It's a good chance it will continue as the money flows start to Dwindle after London closes. It often looks like a salmon jumping upstream. It's a pattern I see often.

#1,327
Edited 7:00am Oct 18, 2016 6:44am | Edited 7:00am

^eagle^
| Joined Oct 2008 | Status: Trader | 423 Posts

Set up sell limit on Loonie. US CPI and Canadian news coming up so keeping the stop tight. With the US slinging bombs all around and Canada's oil prices going up I expect this down trend to continue. But CPI could be a surprise. 8:30 NY time will tell.

Edit:Stopped out for minus ten., (pats self on the back for controlling risk) On to the next one. This is not my normal time to trade so I am still learning about NY open. Thats the cost of doing business.

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#1,328
Oct 19, 2016 2:53pm Oct 19, 2016 2:53pm

^eagle^
| Joined Oct 2008 | Status: Trader | 423 Posts

Sydney Salmon scalp Buy limit. Covered it tight because moneyflows are slow.riding free now into asia

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#1,329
Oct 21, 2016 3:03pm Oct 21, 2016 3:03pm

^eagle^
| Joined Oct 2008 | Status: Trader | 423 Posts

Another sydney salmon scalp. This is in the opposite direction of the main trend but the session money flows suggest a slight rebound. Playing my BE and my 80% tight and letting the 20% ride.already scattered and covered,Now just waiting for my Chilli and chunked

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#1,330
Oct 26, 2016 3:07am Oct 26, 2016 3:07am

Rub
| Joined Oct 2015 | Status: Trader | 890 Posts

Looking to short EUR/USD. Probably go a higher stop loss. Demo only ATM. Doesn't line up with any fibs. Look good?

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#1,331
Oct 26, 2016 7:52am Oct 26, 2016 7:52am

Monokl
Joined Feb 2012 | Status: Trade like Water | 3,403 Posts

Looking price retrace to 1.09 area, and will long it after that
if price didn't retrace, clearly it is changing trend to long at 1.095 area..

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Let Market Tell You

#1,332
Nov 3, 2016 2:34am Nov 3, 2016 2:34am

Rub
| Joined Oct 2015 | Status: Trader | 890 Posts

Trade taken on gold, entered when it failed to make a higher high after hitting the supply zone. Targeting the first demand zone on 15min chart. At the moment it seems to be stalling just shy of it after Frankfurt open.

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#1,333
Nov 3, 2016 2:09pm Nov 3, 2016 2:09pm

Rub
| Joined Oct 2015 | Status: Trader | 890 Posts

Triggered last night, retrace to the 23.6 fib, area is a bit wicky though.

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#1,334
Jan 16, 2017 9:00am Jan 16, 2017 9:00am

Derivative92
| Joined Aug 2016 | Status: Trader | 268 Posts

Any comments?

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#1,335
Jan 16, 2017 9:17am Jan 16, 2017 9:17am

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

Quoting Derivative92

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Any comments? {image}

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If you are reffering to your blue zone, which to me is just a random placement, this is not demand if that is what your getting at. There is no base, there needs to be a base of some sort. Also the top area must be the last open of selling into the area, so infact the top of the zone should be top of the red candle that drops into the blue zone which infact did react as demand later on and would of involved a profitable trade, but as for the blue zone, unfortunately it is way off anything to do with supply and demand.

#1,336
Jan 25, 2017 10:35pm Jan 25, 2017 10:35pm