Supply and Demand trading with Fibs | Page 72 | Forex Factory

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Supply and Demand trading with Fibs

  • #1,421
  • Apr 10, 2017 9:43am Apr 10, 2017 9:43am
Quoting deankenny21
{quote} You're welcome, I'll even have a little play with it myself, be interesting how it compares to where I plot the volume in my head.
Great. I advocate IDC on Trading View as the data input, as they're not retail broker biased/dumb money.

Also worth a look at Futures symbols rather than forex for pure volume data comprised of actual futures orders (also on trading view). You can pick out some sweet spots of order stacks and convert this to forex. If you use the 'fixed range' you can draw the range for the volume to be taken from, actively excluding 'used up & non virgin' supply and demand points.

Have fun!
  • #1,422
  • Apr 10, 2017 10:04am Apr 10, 2017 10:04am
TRUMP SPEAKING NOW

https://www.bloomberg.com/live/europe
  • #1,423
  • Apr 10, 2017 10:44am Apr 10, 2017 10:44am
SPOTTING NEW/FRESH ZONES

What we have here, is supply zones all being taken out, and where this supply was, is now formed a demand zone, ever heard support and resistence traders mention pivot zones or the old saying "resistence turns into support" and vice versa. Well here is why, supply has been sucked up by demand, and has now broken the supply levels, thus in turn creating a new and fresh "demand level"
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  • #1,424
  • Apr 10, 2017 11:10am Apr 10, 2017 11:10am
Quoting deankenny21
I know this is "after the event" and I am not usually one for afters, as many know, I hate it and always pride myself back in the day showing zones for my live followers to profit from, but this one was just to sweet to not share. USDJPY here, as the FEDS starting coming in a little more dovish, USD lost some traction, this was all happening while approaching my area marked here, whacking on a FIB shows 61.8 level right in the supply area too. Price literally tapped the fib level in the supply area and sold off like no tomorrow. Supply and demand...
I remember marking this supply out for you guys back on April 6th, again today this has provided a very profitable trade, 3rd entry into supply and gone a bit deeper so I would be careful on a 4th entry. Anybody take any of this supply I marked out last week?

As much as I like marking zones out for you guys like this, and I know alot of you who don't post just take my zones and profit from them which is fine. But learning how I do this will be a priceless way to learn how to trade, especially since I am sharing everything for free, so I do urge any lurkers to get active, ask questions, post charts etc.
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  • #1,425
  • Apr 10, 2017 11:39am Apr 10, 2017 11:39am
Quoting deankenny21
{quote} I remember marking this supply out for you guys back on April 6th, again today this has provided a very profitable trade, 3rd entry into supply and gone a bit deeper so I would be careful on a 4th entry. Anybody take any of this supply I marked out last week? As much as I like marking zones out for you guys like this, and I know alot of you who don't post just take my zones and profit from them which is fine. But learning how I do this will be a priceless way to learn how to trade, especially since I am sharing everything for free, so I...
UJ trade.I have a lot to learn from you.
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  • #1,426
  • Apr 10, 2017 11:42am Apr 10, 2017 11:42am
How much entry can i take into a supply/demand?
  • #1,427
  • Apr 10, 2017 11:44am Apr 10, 2017 11:44am
Quoting saad007
How much entry can i take into a supply/demand?
Think of it like this, when a "fresh" zone is formed, there are for example 1000 sell orders there of large size unfilled. When price reaches this zone and people continue to buy, they buy into these sellers, which fill those waiting sell orders. Now there may only be 500 sell orders there, and the supply zone may work for a second time. Each time price enters an area the weaker it becomes.
  • #1,428
  • Apr 10, 2017 11:48am Apr 10, 2017 11:48am
Quoting deankenny21
{quote} Think of it like this, when a "fresh" zone is formed, there are for example 1000 sell orders there of large size unfilled. When price reaches this zone and people continue to buy, they buy into these sellers, which fill those waiting sell orders. Now there may only be 500 sell orders there, and the supply zone may work for a second time. Each time price enters an area the weaker it becomes.
Hi Dean...forgive me if this is a stupid question: where do these 1000 sell orders come from ? Who is interested in selling at those levels ? thanks in advance
  • #1,429
  • Apr 10, 2017 11:55am Apr 10, 2017 11:55am
Quoting kfarawi
{quote} Hi Dean...forgive me if this is a stupid question: where do these 1000 sell orders come from ? Who is interested in selling at those levels ? thanks in advance
Please refer to POST 1403, about spotting bank levels. Basically the big boys get to thier desks in the morning and make their orders for the day, which is why we see alot of movement after a quiet Asian session, however due to the sheer size banks and others trade at, they cannot get all their orders filled. So those banks will have unfilled orders needing to be filled, which is why alot of the time we see price go back to these zones like a magnet only to be sold quite sharply once hit, as those orders from the morning are still there unfilled.
  • #1,430
  • Apr 10, 2017 11:55am Apr 10, 2017 11:55am
Quoting deankenny21
{quote} Think of it like this, when a "fresh" zone is formed, there are for example 1000 sell orders there of large size unfilled. When price reaches this zone and people continue to buy, they buy into these sellers, which fill those waiting sell orders. Now there may only be 500 sell orders there, and the supply zone may work for a second time. Each time price enters an area the weaker it becomes.
Ok.Now it's clear.
  • #1,431
  • Apr 10, 2017 11:59am Apr 10, 2017 11:59am
hello dean ,

which is the proper action on the following

1. waiting the price to reach the daily demand zone and go long?
2.go long at lower time frame on the current 4hr demand zone and then short again?
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  • #1,432
  • Apr 10, 2017 12:01pm Apr 10, 2017 12:01pm
Quoting koukou
hello dean , which is the proper action on the following 1. waiting the price to reach the daily demand zone and go long? 2.go long at lower time frame on the current 4hr demand zone and then short again? {image} {image}
Before I even mention trading AUD and the CAD, go look at the news sites I have mentioned and look at the news for these 2 countries currently, think you will be very surprised, and may make you completely change bias or ignore these currencies altogether for now.
  • #1,433
  • Apr 10, 2017 12:07pm Apr 10, 2017 12:07pm
A question regarding SD zones.Is this correct or something missing or wrong.
http://fxpriceline.blogspot.com/p/ho...mand-zone.html
  • #1,434
  • Apr 10, 2017 12:08pm Apr 10, 2017 12:08pm
Quoting deankenny21
{quote} Please refer to POST 1403, about spotting bank levels. Basically the big boys get to thier desks in the morning and make their orders for the day, which is why we see alot of movement after a quiet Asian session, however due to the sheer size banks and others trade at, they cannot get all their orders filled. So those banks will have unfilled orders needing to be filled, which is why alot of the time we see price go back to these zones like a magnet only to be sold quite sharply once hit, as those orders from the morning are still there...
Got it. Cheers
  • #1,435
  • Apr 10, 2017 12:11pm Apr 10, 2017 12:11pm
Quoting deankenny21
{quote} Before I even mention trading AUD and the CAD, go look at the news sites I have mentioned and look at the news for these 2 countries currently, think you will be very surprised, and may make you completely change bias or ignore these currencies altogether for now.
lets forget about the curencies and the countries ...and watch the setup...
  • #1,436
  • Apr 10, 2017 12:14pm Apr 10, 2017 12:14pm
Quoting saad007
A question regarding SD zones.Is this correct or something missing or wrong. http://fxpriceline.blogspot.com/p/ho...mand-zone.html
I like to do body to shadow, I don't like the idea of marking pinbars or long candles the way they do, if I get long candles on 4hr for example just simply switch down to 1hr chart and find the highest/lowest body to shadow forming, switch back up, and you have your zone.
  • #1,437
  • Apr 10, 2017 12:18pm Apr 10, 2017 12:18pm
Quoting saad007
{quote} UJ trade.I have a lot to learn from you. {image}
Stick around my friend, slowly it will all piece together, and trust me when it does, you will be astounded, and never use an indicator again, or these silly cross/tdi systems which have no relevance to current economy.
  • #1,438
  • Apr 10, 2017 12:18pm Apr 10, 2017 12:18pm
Quoting deankenny21
{quote} I like to do body to shadow, I don't like the idea of marking pinbars or long candles the way they do, if I get long candles on 4hr for example just simply switch down to 1hr chart and find the highest/lowest body to shadow forming, switch back up, and you have your zone.
Great.Thanks.

And also about this concept?
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  • #1,439
  • Apr 10, 2017 12:22pm Apr 10, 2017 12:22pm
Quoting saad007
{quote} Great.Thanks. And also about this concept? {image}
Trendlines are not things I use often, I do place them if I see an obvious trend, but breaking or not breaking one doesn't take away from the power of unfulfilled orders, however the breaking of an opposite zone does. Like I have mentioned earlier, on the GBPUSD, if the supply is breaking through demands, then supply is in control, and more orders will be waiting in supply over demand.
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  • #1,440
  • Apr 10, 2017 12:25pm Apr 10, 2017 12:25pm
Quoting deankenny21
{quote} Stick around my friend, slowly it will all piece together, and trust me when it does, you will be astounded, and never use an indicator again, or these silly cross/tdi systems which have no relevance to current economy.
Thanks Sir.I will remember.
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