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Supply and Demand trading with Fibs

  • #1,441
  • Apr 10, 2017 12:27pm Apr 10, 2017 12:27pm
Quoting saad007
{quote} Thanks Sir.I will remember.
I assure you it's worth it On the note of cars if anyone likes cars and gaming more than welcome to add me on twitter @deankenny21 I don't talk much forex on there, or much at all to be honest, but always nice to socialise.
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  • #1,442
  • Apr 10, 2017 12:28pm Apr 10, 2017 12:28pm
Quoting deankenny21
{quote} 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. {image}
Quote
but breaking or not breaking one doesn't take away from the power of unfulfilled orders

  • #1,443
  • Apr 10, 2017 12:31pm Apr 10, 2017 12:31pm
Quoting deankenny21
{quote} I assure you it's worth it On the note of cars if anyone likes cars and gaming more than welcome to add me on twitter @deankenny21 I don't talk much forex on there, or much at all to be honest, but always nice to socialise. {image}
Ha! If you play BO3 or Fifa17 on ps4 let me know. On it most weekends.

Will be back to post some serious questions after the Gunners match.
  • #1,444
  • Apr 10, 2017 12:33pm Apr 10, 2017 12:33pm
Quoting deankenny21
{quote} I assure you it's worth it On the note of cars if anyone likes cars and gaming more than welcome to add me on twitter @deankenny21 I don't talk much forex on there, or much at all to be honest, but always nice to socialise. {image}
  • #1,445
  • Apr 10, 2017 12:42pm Apr 10, 2017 12:42pm
Quoting Tuk786
{quote} Ha! If you play BO3 or Fifa17 on ps4 let me know. On it most weekends. Will be back to post some serious questions after the Gunners match.
Play both, however I am an AVID PC GAMER!!!
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  • #1,446
  • Apr 10, 2017 1:07pm Apr 10, 2017 1:07pm
Hello guys!!

I am new here and I have been trading (or at least trying). After getting some formation and reading on supply and demand, I felt ready to jump here i am.

I would like to get your advice on this USD/CHF

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Thanks
  • #1,447
  • Apr 10, 2017 1:14pm Apr 10, 2017 1:14pm
Quoting Cerve
Hello guys!! I am new here and I have been trading (or at least trying). After getting some formation and reading on supply and demand, I felt ready to jump here i am. I would like to get your advice on this USD/CHF {image} {image} {image} Thanks
Looks like a decent zone to me, however price did penetrate it quite deeply, so there are orders there, but not as many as I would like to see, also price has been away from this zone for quite a while. This is probably again news related with Yellen speaking later, market is now in a wait and see mode for Yellen, personally I am predicting some hawkish comments which will result in some more bullish USD. Place a fib over there too, see how that comes out.
  • #1,448
  • Apr 10, 2017 1:14pm Apr 10, 2017 1:14pm
Quoting Derivative92
{quote} What do you think, Dean? Would you treat a strong 'news' backed move as a supply zone or was there enough liquidity in the news period for banks to release all orders without any left behind for their good average fills? {image}
Touched to the pip
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  • #1,449
  • Apr 10, 2017 1:19pm Apr 10, 2017 1:19pm
Quoting Derivative92
{quote} Touched to the pip {image}
Excellent stuff, I hope you have locked in some profits or moved your SL at least, this what I love seeing albeit on a 15 min chart. Users profiting from what I am doing, huge well done to you. Personally I am looking for that move to 61.8 on the nice 4hr supply.
  • #1,450
  • Apr 10, 2017 1:20pm Apr 10, 2017 1:20pm
Quoting deankenny21
{quote} Looks like a decent zone to me, however price did penetrate it quite deeply, so there are orders there, but not as many as I would like to see, also price has been away from this zone for quite a while. This is probably again news related with Yellen speaking later, market is now in a wait and see mode for Yellen, personally I am predicting some hawkish comments which will result in some more bullish USD. Place a fib over there too, see how that comes out.
I have been reading a couples of pages but has been enough to know that you love Fib and that you would probably ask that.
There is nothing interesting, that is why i didn't post any pic with them.

We will need to wait and see
  • #1,451
  • Apr 10, 2017 1:24pm Apr 10, 2017 1:24pm
Quoting deankenny21
{quote} Excellent stuff, I hope you have locked in some profits or moved your SL at least, this what I love seeing albeit on a 15 min chart. Users profiting from what I am doing, huge well done to you. Personally I am looking for that move to 61.8 on the nice 4hr supply.
Appreciated. I am counting on this zone being the peak, but if I'm wrong and we do go higher I'll join you on the 61% short!
  • #1,452
  • Apr 10, 2017 1:29pm Apr 10, 2017 1:29pm
Quoting Derivative92
{quote} Appreciated. I am counting on this zone being the peak, but if I'm wrong and we do go higher I'll join you on the 61% short!
Look for clues tonight 9:10pm as FED YELLEN speaks, I am looking for a Hawkish tone, which would be shorting GBPUSD, USD bullish behaviour. If it's near my zone too even better!!!!!

Couple other scenarios, if level is not reached tonight, tomorrow at 9:30am there is some big UK news out, which might give some drive to the market.
  • #1,453
  • Apr 10, 2017 2:13pm Apr 10, 2017 2:13pm
Anyone get in on the GBPJPY ? I got out with 20 pips and then it went on to run for another 40 pips without me !?!

Am new to the thread, hope to pick loads up from you guys here - loads to learn!!
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  • #1,454
  • Apr 10, 2017 2:22pm Apr 10, 2017 2:22pm
Quoting deankenny21
{quote} Look for clues tonight 9:10pm as FED YELLEN speaks, I am looking for a Hawkish tone, which would be shorting GBPUSD, USD bullish behaviour. If it's near my zone too even better!!!!! Couple other scenarios, if level is not reached tonight, tomorrow at 9:30am there is some big UK news out, which might give some drive to the market.
Dollar Index sitting on a Daily supply, would be interesting to see what happens slightly longer term.

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  • #1,455
  • Apr 10, 2017 2:41pm Apr 10, 2017 2:41pm
Quoting Tuk786
{quote} Dollar Index sitting on a Daily supply, would be interesting to see what happens slightly longer term. {image}
Indeed it is TUK, very well spotted, on a fib too, I have a feeling this Yellen speech in 20 mins is going to be the make or break for USD direction for the near future.
  • #1,456
  • Apr 10, 2017 3:25pm Apr 10, 2017 3:25pm
Ok apologies in advance for the long post... I have been learning S&D from another thread and community, which lays out specific rules and processes. Some may be overkill or do not necessarily make sense to me. So, wanted to check here.

Dean, please can you share your thoughts and process on the below questions. Others feel free to share your experiences and methods

Questions:

1) Time Frame do you have a set in stone time frames, I know you mention on your first post you mark out monthly, weekly, daily and enter on 4 hour. Is that 100% or sometimes you will day trade the 15min etc?

2) This brings me to question 2, Potential vs Valid demand zones. There are plenty of zones around how do you differentiate a potential zone to a valid zone. Ive learnt from my course that for it to be a valid zone it must break recent structure trend line or opposing zones.

3) Time frame alignments How do you align and trade the timeframes you have chosen? When you say mark out monthly, weekly, daily have you just looked and marked the most recent zone to avoid running against them? But once near the zones you go with them on 4hr?

4) Do you mind showing/sharing with us how you do your top down analysis, and what considerations you take in mind

I have learnt a lot, but just trying put the pieces together to write a IF/THEN trade plan with specific rules and forward test for a few months with a 500/1k account (real money instead of demo, to get emotions in check) before I put serious money on plate. Before people jump on the band wagon on me blowing up my account I have rules around money management that wont allow me to

Many thanks
Az
(ps. TUK786 is just shortened for Trader UK 786 lol)
  • #1,457
  • Apr 10, 2017 4:14pm Apr 10, 2017 4:14pm
Quoting deankenny21
{quote} Look for clues tonight 9:10pm as FED YELLEN speaks, I am looking for a Hawkish tone, which would be shorting GBPUSD, USD bullish behaviour. If it's near my zone too even better!!!!! Couple other scenarios, if level is not reached tonight, tomorrow at 9:30am there is some big UK news out, which might give some drive to the market.
  • #1,458
  • Apr 10, 2017 4:20pm Apr 10, 2017 4:20pm
Quoting Tuk786
Ok apologies in advance for the long post... I have been learning S&D from another thread and community, which lays out specific rules and processes. Some may be overkill or do not necessarily make sense to me. So, wanted to check here. Dean, please can you share your thoughts and process on the below questions. Others feel free to share your experiences and methods Questions: 1) Time Frame do you have a set in stone time frames, I know you mention on your first post you mark out monthly, weekly, daily and enter on 4 hour. Is that 100% or sometimes...
1: As a rule I try not to go lower than 4hr for my trading now, the only reason I would go lower is to spot and mark a zone I cannot clearly make out on the 4hr.

2: To me ALL ZONES are valid, even counter-trend, albeit for less pips and a smaller TP. IF however as you mentioned zones are taking out opposing zones, then yes I will add more weight to that zone.

3: End of every month, week, day etc I check the corresponding chart and check exactly where we are in the bigger picture, if we are sitting in a supply, I will add more weight to supply over demand etc and take any demand zones with caution until we have cleared that zone on the bigger timeframe.

4: Top down like I said, on a normal day in the middle of the month, considering in the monthly and weekly we are clear of zones, I will check the daily and see where we are, which way we are trending, then I will get down to the 4hr and trade all zones I find applicable.

Bear in mind with ALL the above, I am checking my news sites I have listed for any potential fuel to market moves, like the Canadian strength at the moment in their economy has led me to some fantastic trades this week buying CAD, and the opposite goes to AUD, with all the negative factors, and as you can guess my best trade has been shorting AUDCAD, as it continues to fall even now as we speak.
  • #1,459
  • Apr 10, 2017 4:30pm Apr 10, 2017 4:30pm
Quoting deankenny21
{quote} 1: As a rule I try not to go lower than 4hr for my trading now, the only reason I would go lower is to spot and mark a zone I cannot clearly make out on the 4hr. 2: To me ALL ZONES are valid, even counter-trend, albeit for less pips and a smaller TP. IF however as you mentioned zones are taking out opposing zones, then yes I will add more weight to that zone. 3: End of every month, week, day etc I check the corresponding chart and check exactly where we are in the bigger picture, if we are sitting in a supply, I will add more weight to supply...
Thanks Dean. Appreaciate you taking the time to answer this, makes sense to me now.
  • #1,460
  • Apr 10, 2017 4:51pm Apr 10, 2017 4:51pm
Please when one start trading S&D how % accuracy
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