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Supply and Demand trading with Fibs

  • #1,381
  • Apr 9, 2017 12:53pm Apr 9, 2017 12:53pm
Quoting diamonddbw
Hello. In 2011 I recorded 3 of Dean's presentations, mostly about shorter time frames. They total about 2 1/2 hours. All are quite good. Shortly after video 3 begins, there is about a 2 minute blank screen. This was my error because I was new to recordings, and failed to pause. Thanks Dean, Darryl https://www.youtube.com/watch?v=U3qXh6BchzU https://www.youtube.com/watch?v=Zpm-4G6X6dA https://www.youtube.com/watch?v=U3qXh6BchzU
Wow, thanks so much Darryl, I will try and play around with post 1 to include these videos
  • #1,382
  • Apr 9, 2017 1:10pm Apr 9, 2017 1:10pm
Quoting deankenny21
{quote} I would like to, yes. If there is interest still in my methods etc I am more than happy to share, as I get a rush out of all this, and you guys get a good source of free info, everyones a winner I am currently tracking down some of my live recordings I did back near the start of this thread, as I can see the links are dead now, which is truly a shame, as they were absolutely riddled with top level teachings. But looks like a follower of mine made some recordings and I may be able to bring some of it back here.

Hi Dean,
on one of the other forums you mentioned the importance fundamentals now plays in your trading. Can you advise where you would start in terms of fundamental analysis and what your daily routine is ? I only watch the economic calendar and avoid trading during high priority news.
I missed you the first time round on this thread so looking forward to learning as much as I can this time.

FlyLo
  • #1,383
  • Apr 9, 2017 1:19pm Apr 9, 2017 1:19pm
Quoting FlyingLotus
{quote} Hi Dean, on one of the other forums you mentioned the importance fundamentals now plays in your trading. Can you advise where you would start in terms of fundamental analysis and what your daily routine is ? I only watch the economic calendar and avoid trading during high priority news. I missed you the first time round on this thread so looking forward to learning as much as I can this time. FlyLo
Yes that's right, I non stop read the forex news now to know what's going on, I use various website to keep up to date mainly dailyfx, forexlive and fxstreet. Especially when fed speakers are due to speak these news sites are critical, for example the usdjpy trade I took last week which was a short. I was actually bullish USD at the time but the feds came out to speak and were alot more dovish than people were expecting about more rate hikes. In turn I saw USDJPY in a lovely supply zone as this was happening and I knew 100% to short the hell out of it. That is just 1 small example of how I use fundamentals to aid my trading now.

On top of that, just reading the news all day just makes you feel alot more informed on the markets even if you don't use it directly for trading.
  • #1,384
  • Apr 9, 2017 1:48pm Apr 9, 2017 1:48pm
Hi Dean...just wondering if you're doing Skype meetings ?
  • #1,385
  • Apr 9, 2017 2:07pm Apr 9, 2017 2:07pm
Quoting kfarawi
Hi Dean...just wondering if you're doing Skype meetings ?
Hi kfarawi, not right now no, but it is something I am thinking about starting up again, as I mentioned earlier in the week, depending how much interest gets shown in this thread and style of trading, I will then think about something. Will probably be another screen sharing setup however like I used to do.
  • #1,386
  • Apr 9, 2017 2:36pm Apr 9, 2017 2:36pm
So I have been doing my Sunday nightly skim of all the charts, and going to try and share a few things, to get us live and kicking again in here.

A good one I just come across here is the GBPAUD, especially with Fridays weak data coming out of the UK, GBP for alot is looking bearish, however the GBPAUD continues to rise, on the back of an even weaker AUD. I found a nice demand zone here, falling right on a fib, with 50 retracement as back up. So for the guys asking about how I am using fundamentals, right from market open tonight, I will watch this closely if it approaches this demand, and I will be constantly watching the news sites for clues towards AUD, hopefully some hints at more weakness, to give me more confidence in hitting buy at this level. Then if price has not reached this area during Asia, then in the morning I will be looking closely at UK news, I don't just look at the news on the calender here, any news relating to economy can move markets, hence the sites I mentioned a couple posts back are now key to my trading. So looking for clues at maybe some more GBP strength. This demand zone is a perfect reason to be looking at forex news for small clues.
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  • #1,387
  • Apr 9, 2017 2:53pm Apr 9, 2017 2:53pm
Quoting deankenny21
{quote} Hi kfarawi, not right now no, but it is something I am thinking about starting up again, as I mentioned earlier in the week, depending how much interest gets shown in this thread and style of trading, I will then think about something. Will probably be another screen sharing setup however like I used to do.
I would be interested for sure!

I have this EURGBP 4HR marked which is a fresh and original zone, nested within Daily supply. If it reaches back up to the supply zone it would form a bearish Bat pattern at 88.6 Fib too.

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  • #1,388
  • Apr 9, 2017 2:59pm Apr 9, 2017 2:59pm
Quoting deankenny21
So I have been doing my Sunday nightly skim of all the charts, and going to try and share a few things, to get us live and kicking again in here. A good one I just come across here is the GBPAUD, especially with Fridays weak data coming out of the UK, GBP for alot is looking bearish, however the GBPAUD continues to rise, on the back of an even weaker AUD. I found a nice demand zone here, falling right on a fib, with 50 retracement as back up. So for the guys asking about how I am using fundamentals, right from market open tonight, I will watch this...
I suppose those blue and yellow lines we see in that chart are SMAs or EMAs. Am I right? What's their pourpose?
  • #1,389
  • Apr 9, 2017 3:09pm Apr 9, 2017 3:09pm
Quoting ErikH
{quote} I suppose those blue and yellow lines we see in that chart are SMAs or EMAs. Am I right? What's their pourpose?
They are 100 and 200 moving averages, I only show purpose for them on the daily chart. As it's a well known fact that institutions/banks use both the 100 and 200 on a daily chart for some big moves. So when price is close to either one on the daily I do like to take notice, but until I mention them, they don't play any purpose currently on the lower timeframes.
  • #1,390
  • Apr 9, 2017 3:43pm Apr 9, 2017 3:43pm
Quoting Tuk786
{quote} I would be interested for sure! I have this EURGBP 4HR marked which is a fresh and original zone, nested within Daily supply. If it reaches back up to the supply zone it would form a bearish Bat pattern at 88.6 Fib too. {image}
Wow tuk, you read my mind here is my eurgbp chart.
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  • #1,391
  • Apr 9, 2017 4:26pm Apr 9, 2017 4:26pm
Quoting deankenny21
{quote} Yes that's right, I non stop read the forex news now to know what's going on, I use various website to keep up to date mainly dailyfx, forexlive and fxstreet. Especially when fed speakers are due to speak these news sites are critical, for example the usdjpy trade I took last week which was a short. I was actually bullish USD at the time but the feds came out to speak and were alot more dovish than people were expecting about more rate hikes. In turn I saw USDJPY in a lovely supply zone as this was happening and I knew 100% to short the...
Cheers Dean,
I've already got Forexlive as one of my news sources so I'll add the other two and to keep myself up to date.
FlyLo
  • #1,392
  • Apr 9, 2017 6:18pm Apr 9, 2017 6:18pm
Quoting FlyingLotus
{quote} Cheers Dean, I've already got Forexlive as one of my news sources so I'll add the other two and to keep myself up to date. FlyLo
Very good Flyinglotus, for DailyFX, I would recommend especially the session briefings.
Asian session Briefing
European Session Briefing
America Session Briefing

As when you start to trade you can get a rundown briefing of what happened in the previous sessions. So if you wake up tomorrow morning 8am UK time to start trading, you can go and check the Asian Session Briefing to get quickly up to date all what happened during that time, setting you up for your trading session all informed and up to date.
  • #1,393
  • Apr 9, 2017 7:39pm Apr 9, 2017 7:39pm
Quoting deankenny21
{quote} Very good Flyinglotus, for DailyFX, I would recommend especially the session briefings. Asian session Briefing European Session Briefing America Session Briefing As when you start to trade you can get a rundown briefing of what happened in the previous sessions. So if you wake up tomorrow morning 8am UK time to start trading, you can go and check the Asian Session Briefing to get quickly up to date all what happened during that time, setting you up for your trading session all informed and up to date.

OK, time to get organised. I've created a Fundy folder in chrome bookmarks with:

Forex Factory/ Calendar ( I start with this every morning anyway)
Daily FX / daily - briefing ( defaults to daily briefing as per Dean's recommendation)
Forex Live / Forex news
FXStreet / Forex News

Cheers again Dean
FlyLo
  • #1,394
  • Apr 9, 2017 8:15pm Apr 9, 2017 8:15pm
EurAud is currently about 30p from nice M30, 24 pip Demand zone. Also S2 is about 8p from the bottom. I'll be in bed, so if anyone snags it, 10% is fine.
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  • #1,395
  • Apr 9, 2017 8:19pm Apr 9, 2017 8:19pm
Nice EJ H1 Supply from 5 April.
  • #1,396
  • Apr 10, 2017 5:21am Apr 10, 2017 5:21am
Quoting kfarawi
Hi Dean...just wondering if you're doing Skype meetings ?
Thanks Dean. Best regards
  • #1,397
  • Apr 10, 2017 6:08am Apr 10, 2017 6:08am
whoah guyz, I was away for a couple of days and now I am already 20 posts behind....
That's speed!!...not bad for a "up from the ashes" thread!!!
If you quit, it is NEVER going to happen...
  • #1,398
  • Apr 10, 2017 7:19am Apr 10, 2017 7:19am
Just an update to followers, I have a trade currently here for GBPUSD on supply (short), keeping my eye on news. (Chart is 4 hour)
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  • #1,399
  • Apr 10, 2017 7:24am Apr 10, 2017 7:24am
Just a bit of transparence here about my trading. One of my family members gave me $10,000 to trade of their money, which I trade for free since it's a close family member, just mirroring my account. Here is the statement for last month, completely clean and raw!
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  • #1,400
  • Apr 10, 2017 7:32am Apr 10, 2017 7:32am
Quoting deankenny21
Just an update to followers, I have a trade currently here for GBPUSD on supply (short), keeping my eye on news. (Chart is 4 hour) {image}
I saw this demand zone, but I don't think we'll retrace this high
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