Supply and Demand trading with Fibs | Page 74 | Forex Factory

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Supply and Demand trading with Fibs

  • #1,461
  • Apr 10, 2017 7:31pm Apr 10, 2017 7:31pm
Quoting Akasbaba
Please when one start trading S&D how % accuracy
That question has no answer, I cannot gurantee anyone a % number first starting out, as everybody is totally different with different styles. However if you are just starting i'd say close to pot luck really, have you been trading Forex long with other systems/strategies?
  • #1,462
  • Apr 10, 2017 8:29pm Apr 10, 2017 8:29pm
Hi guys, I have been having a look over the internet for some supply and demand indicators to try and help new traders to this style of trading. I do stress though however, both these indicators don't mark all the zones, and some zones marked are incorrect, however it can pick out some lovely zones. So have a play around, place some fib retracements, see how they fall onto levels, have fun.

The first one "shved" looks pretty, tells you how many times a zone has been touched, whether it is fresh or not etc.
The second one "supdem" is one of the originals from the beginning of supply and demand trading and still stands the test of time today.
Attached File(s)
File Type: mq4 shved_supply_and_demand.mq4   29 KB | 1,304 downloads
File Type: ex4 SupDem.ex4   13 KB | 1,109 downloads
  • #1,463
  • Apr 11, 2017 12:17am Apr 11, 2017 12:17am
Hi guys, it is me again!

I came accros this morning with this set up.
It looks amazing to me, but if there is someone more experienced than me that doesn't think so, please feel free to correct me.

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Good luck everybody with their trades!
  • #1,464
  • Edited 5:37am Apr 11, 2017 5:16am | Edited 5:37am
Hello deankenny21
Please make your valuable comment on this setups.
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  • #1,465
  • Apr 11, 2017 7:53am Apr 11, 2017 7:53am
Quoting Cerve
Hi guys, it is me again! I came accros this morning with this set up. It looks amazing to me, but if there is someone more experienced than me that doesn't think so, please feel free to correct me. {image} {image} Good luck everybody with their trades!
Hi Cerve, this is not fresh demand be aware, does not mean it won't work, just that not being fresh, its not as powerful, also look on the fib to the left, price has based here a few times and gone up, so this certainly is not the original demand.
  • #1,466
  • Apr 11, 2017 10:08am Apr 11, 2017 10:08am
Quoting deankenny21
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" {image}
Yesterday at 4:44pm I marked this Demand zone, on CADCHF, and also later talking about CAD strength in the economy at the moment, price has hit demand and instantly found buyers, we are now 20 pips into profit. So for those lurkers that took this trade, trade management is also key, either locking in profits or moving your SL to reduce your exposure.
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  • #1,467
  • Apr 11, 2017 10:29am Apr 11, 2017 10:29am
Quoting deankenny21
{quote} Yesterday at 4:44pm I marked this Demand zone, on CADCHF, and also later talking about CAD strength in the economy at the moment, price has hit demand and instantly found buyers, we are now 20 pips into profit. So for those lurkers that took this trade, trade management is also key, either locking in profits or moving your SL to reduce your exposure. {image}
Nice man!... do you front run your orders by couple of pips? Out of interest how many pairs do you trade, the ones you have chosen is it purely based on the spreads from your broker?
  • #1,468
  • Apr 11, 2017 10:43am Apr 11, 2017 10:43am
Hi Dean. Got run over by GBPUSD. I was shorting at 1.2461. Did I do anything wrong ? or is it just a losing trade that is part of trading ? I would really appreciate your comments on this. Where would you put your stop loss on this trade ? thanks in advance
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  • #1,469
  • Apr 11, 2017 10:49am Apr 11, 2017 10:49am
https://www.forexfactory.com/showthr...26#post9752326

I got blown out on that lower level too. Got in again short at 1.2490 with a stop at 1.2510. It doesn't appear to be in a big hurry to fall away.
  • #1,470
  • Edited 11:24am Apr 11, 2017 11:07am | Edited 11:24am
Quoting kfarawi
Hi Dean. Got run over by GBPUSD. I was shorting at 1.2461. Did I do anything wrong ? or is it just a losing trade that is part of trading ? I would really appreciate your comments on this. Where would you put your stop loss on this trade ? thanks in advance {image}
ok guys, couple of things I need to stress, and I have mentioned it ALOT over the past couple days, so I am not angry don't think that, just dissapointed at these GBPUSD scenarios. The UK has had red news today and it came out ABOVE expectations, did you know that? I kept saying I had an order to sell cable BUT I will be closely watching news too quite a few times.

Also your zone is wrong, I shown my chart a couple days ago with the zone marked out. With the positive news this morning for the UK, I had to make a decision about my order for cable. Sometimes I erase the order completely, sometimes as I did today, I halfed my risk, so I edited my trade to half the lots I originally planned on going into it with. This is called risk assesment, and that was what I believe a correct assesment of risk vs the UK news and economy from today.

With that out the way here is cable, unchanged from my posting the other day of this chart, with supply and the fibonacci, price has stalled at the 50 fib and found some sellers within the supply as we can see. With the good news today for the UK, price could break supply, but as I said with my risk assesment and halfing of my risk it is no issue to me as I have applied the appropriate risk I believe to the risk of this supply.

So I stress once more, bookmark news sites, always refresh as much as possible, read every single briefing.

But as far as my trade is going on GBPUSD it is currently active and fully within limits, and finding sellers at the 50 fib.
My sell placement and stop loss has not moved since my posting on this the other day.
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  • #1,471
  • Edited 11:26am Apr 11, 2017 11:15am | Edited 11:26am
Now an update on CADCHF, and I said if you been reading the news you should know all about the CAD and it's strength at the moment, so this one is alot more plain sailing. Hopefully you guys have moved stop losses to reduce risk by now at least. Of course our first target is always the opposite end which would be supply so at the start of the fib drawing here would be our first targets.

You have a couple options at this point, you could take half off as profits, put SL at BE or positive and let the trade run, or you could close out for full profits at a good 1:3 risk reward ratio, 3 times the reward vs risk. I know 2guys on this trade who have pmmed me off the zone I marked here yesterday, but instead of replying to individual seperately I prefer to post publicly and let everyone get a chance of managing the trade.

I don't want this thread just turning into a signal service, where people just take the trades I keep marking out and posting. So I do urge any lurkers to please make a post. Some questions you have, or some advice I can give on your current analysis. After all if you learn how to trade like this, wouldn't it be much better to make these profits yourselves rather than relying on myself.
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  • #1,472
  • Apr 11, 2017 11:21am Apr 11, 2017 11:21am
Quoting deankenny21
{quote} ok guys, couple of things I need to stress, and I have mentioned it ALOT over the past couple days, so I am not angry don't think that, just dissapointed at these GBPUSD scenarios. The UK has had red news today and it came out ABOVE expectations, did you know that? I kept saying I had an order to sell cable BUT I will be closely watching news too quite a few times. Also your zone is wrong, I shown my chart a couple days ago with the zone marked out. With the positive news this morning for the UK, I had to make a decision about my order for...
First of all thanks for your insight. I actually watched the news but I didn't think it was outstanding news. 2.3 % vs 2.2 forecast. Having said that, my Fibonacci levels were wrong. I didn't include the high of 3/27.
  • #1,473
  • Apr 11, 2017 11:22am Apr 11, 2017 11:22am
Quoting kfarawi
{quote} First of all thanks for your insight. I actually watched the news but I didn't think it was outstanding news. 2.3 % vs 2.2 forecast. Having said that, my Fibonacci levels were wrong. I didn't include the high of 3/27.
And that is exactly why I only halfed my risk, rather than deleting the order completely

I am surprised you can see price going on at all with the mess on your chart Don't fret however, my charts used to also be as messy as that in my early days. When you realise less is more, and it all comes to you, it's a great feeling.
  • #1,474
  • Apr 11, 2017 11:34am Apr 11, 2017 11:34am
Here is a nice "fresh" supply formed on the EURJPY
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  • #1,475
  • Apr 11, 2017 11:36am Apr 11, 2017 11:36am
CADJPY finding buyers at the demand, supply sits within the 50 fib as 61.8 as backup.
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  • #1,476
  • Apr 11, 2017 12:21pm Apr 11, 2017 12:21pm
I reckon we'll see a nice reaction on the supply above if it reaches eventually. Its not original.

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If you want to be more conservative on your entries drop to lower time frame and look for price action/bar by bar analysis.

For example of you have a zone on 4HR, when price enters the zone go down to 15min and look for certain price action for reversals.
  • #1,477
  • Apr 11, 2017 12:22pm Apr 11, 2017 12:22pm
For any looking at CAD trades, please be aware of the BOC interest rate decision tomorrow.
  • #1,478
  • Apr 11, 2017 1:16pm Apr 11, 2017 1:16pm
Fresh "daily" demand here on AUDNZD, beware however of AUD news and stories.
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  • #1,479
  • Apr 11, 2017 1:51pm Apr 11, 2017 1:51pm
One thing I do want to mention to new guys to the forex world too, is that we are in a shortened Holiday week with Good Friday and Easter Monday, so alot of assets will be risk-off and moved to safe havens such as the Japanese Yen and Gold.
  • #1,480
  • Apr 11, 2017 3:01pm Apr 11, 2017 3:01pm
This USDCAD 4HR supply is just under the daily supply in the big yellow zone. Might be one to watch tomorrow... with a bit of caution. It's a fresh zone but not original.

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What are your thoughts Dean? 78.6 and 88.6 running along the zone too.
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