Supply and Demand trading with Fibs | Page 76 | Forex Factory

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Supply and Demand trading with Fibs

  • #1,501
  • Apr 12, 2017 3:50pm Apr 12, 2017 3:50pm
Quoting deankenny21
{quote} IT truly honestly is, I am a bad teacher unfortunately Hence why I can probably trade haha. But honestly spotting zones and taking the fib confluence is alot simpler than all these charts that look like christmas trees with 100 indicators waiting to all line up at once. Hence why I like to post my charts before zones are met and then post the updates, to show that it is truly that easy. What isn't easy though as we have seen past couple pages, is trade management and psycology once in the trade. That's what seems to make or...
I don't think you're a bad teacher. In a week or so, I learned a lot from your charts. Can you comment on this chart ? bear with the indicators. Are the sup/dem levels OK ?
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  • #1,502
  • Apr 12, 2017 3:56pm Apr 12, 2017 3:56pm
Quoting Tuk786
Waiting for the right price action on 15min to enter this based on my analysis yesterday. Cerve has noticed it too {image} This supply may fail due to the bullish engulf heading to the zone... just a warning
It's not so much the bullish candle that makes me see this trade differently, I don't care for candle patterns, end of the day it's supply and demand that causes these candles, pinbars are usually caused by price hitting a supply and reversing making a pinbar, then people short at the open of next candle. Thing is, I am already in the trade well above at a much better price as I KNEW where the supply was to create this pinbar.

Anyway, like I said, this is what's getting me a bit watchful at the moment.
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  • #1,503
  • Apr 12, 2017 4:09pm Apr 12, 2017 4:09pm
Quoting kfarawi
{quote} I don't think you're a bad teacher. In a week or so, I learned a lot from your charts. Can you comment on this chart ? bear with the indicators. Are the sup/dem levels OK ? {image}
The top supply should start from the body of the last Bullish candle, opposite applied for demand, should start from the last bearish candle before the surge in price. The bottom zone should also finish at the wick of the candle not the body.
  • #1,504
  • Apr 12, 2017 4:12pm Apr 12, 2017 4:12pm
Quoting deankenny21
{quote} It's not so much the bullish candle that makes me see this trade differently, I don't care for candle patterns, end of the day it's supply and demand that causes these candles, pinbars are usually caused by price hitting a supply and reversing making a pinbar, then people short at the open of next candle. Thing is, I am already in the trade well above at a much better price as I KNEW where the supply was to create this pinbar. Anyway, like I said, this is what's getting me a bit watchful at the moment. {image}
Your insights are priceless, thanks for the response
  • #1,505
  • Apr 12, 2017 4:15pm Apr 12, 2017 4:15pm
I place GBP USD 4H SL
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  • #1,506
  • Apr 12, 2017 4:17pm Apr 12, 2017 4:17pm
Quoting minosd
I place GBP USD 4H SL {image}
Yes that is a decently placed supply, there is also a smaller supply slightly below it to, a rally-base-drop supply. Which is where price has halted for now as it's found a defence of sellers, but with Trump speaking at the mo, how that defence holds up is questionable.
  • #1,507
  • Edited 6:30pm Apr 12, 2017 6:17pm | Edited 6:30pm
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We are in Asian session now, and they have yet to react to Trumps comments on the USD being "too strong" so this trade I have not taken. Remember it's all good and well looking at the news calender here at FF, but if that's all you look at regarding news, all USD bulls would be getting their ass kicked right now. So like I said bookmark news sites such as

Dailyfx
Forexlive
FXStreet.
  • #1,508
  • Apr 12, 2017 8:12pm Apr 12, 2017 8:12pm
GREAT Stuff Dean Kenny.. so much to learn here..Thank..You
  • #1,509
  • Apr 12, 2017 9:30pm Apr 12, 2017 9:30pm
WAVE CREATION, WHY FOREX MOVES LIKE THE WAY IT DOES, ELLIOT WAVES

Elliot waves and such are made by supply and demand, infact anything and everything in the markets is made by s and d, chart patterns, candlestick formations, waves etc you name it supply and demand made it. So ask yourself this question, "What method would you most like to put time into and study" Why study formations, elliot waves and such, when you can study what's making ALL OF THIS HAPPEN.

Here is a live chart of GBPAUD, both supply and demand working beautifully in unison making these moves and patterns occur, price come off supply, down to demand and has found buyers and is moving up again, it really is not that hard

I assure you guys, learning supply and demand will be the best thing in your life. When you can turn around to a candlestick pattern trader who waits for pinbars and say "well I am already in the move, as I can see before the fact, of when this pinbar was going to occur"
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  • #1,510
  • Edited 9:55pm Apr 12, 2017 9:44pm | Edited 9:55pm
HOW YOU WILL ALWAYS BE ONE STEP AHEAD LEARNING SUPPLY AND DEMAND

With all these examples and teachings I make, I will always use a "LIVE" chart. Not a chart picked out from history.

So I bet many of you guys/gals here will have seen a method or teaching using candlestick formations/patterns. Waiting for price to hit support or resistence creating a pinbar for confirmation then clicking buy/sell.

Now please see the chart below, we see the red line, which most teaching would say is resistence now turned to support. As price goes back down to this line we can see a lovely demand level, we know buy orders are sitting there in some quantity, small or large we don't know, but we know for a fact as S and D traders that here buy orders reside. Now as a supply and demand trader we would buy here and enter a long trade. For most other traders they would see this pinbar/hammer form and get in the trade much much later, infact over 30 pips later!!!!!! currently the supply and demand trader would be 50 pips in profit, while the candlestick trader would be alot less in profit and probably not close to a position to move sl or take profits. At 50 pips us supply and demand traders have at least already moved our SL to breakeven and now we have a "RISK FREE" trade.

Go and look for yourself, go away now and look at your charts, look for these candlestick formations, then look left, I assure you this will really open your eyes
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  • #1,511
  • Apr 12, 2017 11:55pm Apr 12, 2017 11:55pm
Hi Dean good last chart, thanks. The 4hr demand zone is quite wide, is there a way to get a better entry off the 4hr chart so that you can reduce your sl ?
  • #1,512
  • Apr 13, 2017 12:12am Apr 13, 2017 12:12am
Quoting deankenny21
HOW YOU WILL ALWAYS BE ONE STEP AHEAD LEARNING SUPPLY AND DEMAND With all these examples and teachings I make, I will always use a "LIVE" chart. Not a chart picked out from history. So I bet many of you guys/gals here will have seen a method or teaching using candlestick formations/patterns. Waiting for price to hit support or resistence creating a pinbar for confirmation then clicking buy/sell. Now please see the chart below, we see the red line, which most teaching would say is resistence now turned to support. As price goes back down to this...
hey dean, why not open a demo trade explorer, this way it will be easier to follow your live trades
  • #1,513
  • Apr 13, 2017 12:49am Apr 13, 2017 12:49am
Quoting metta87
{quote} hey dean, why not open a demo trade explorer, this way it will be easier to follow your live trades
Hi Metta, because as I've said many times, I do not want this becoming a signal service, the last time I had a trade explorer up, there was alot less activity in the thread and people just simply copy pasted trades straight from my trade explorer.

As you said with your quote
"it will be easier to follow your live trades"
Brings me to believe my biggest fear that alot are here to just mirror my trades rather than learn the princibles behind the trades.
  • #1,514
  • Edited 7:07am Apr 13, 2017 3:48am | Edited 7:07am
Quoting deankenny21
WAVE CREATION, WHY FOREX MOVES LIKE THE WAY IT DOES, ELLIOT WAVES Elliot waves and such are made by supply and demand, infact anything and everything in the markets is made by s and d, chart patterns, candlestick formations, waves etc you name it supply and demand made it. So ask yourself this question, "What method would you most like to put time into and study" Why study formations, elliot waves and such, when you can study what's making ALL OF THIS HAPPEN. Here is a live chart of GBPAUD, both supply and demand working beautifully in unison making...
Thanks for your precious word & really happy to see you back to FF again .. yeah learning suppy & demand is the best way to read the chart IMO.
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Don't Predict Just React..
  • #1,515
  • Apr 13, 2017 5:24am Apr 13, 2017 5:24am
Hello Dean,

I mentioned the Daily Aud Chf trade I closed off at BE, today AUD broke higher in a BIG way and took Aud CHF with it...now it breaks my heart to see this would have been a beautiful trade!!
On the screenshot below you can see price bounced of beautifully on the top of the daily demand zone, you could even have zoomed into the 8H or 4H time frame to take a better RR trade.
My question is: how can I determine if I should close a trade prematurely? Should I count the candles or rather the number of closes inside the zones? From my experience I noticed that if a zone is really strong it will bounce off immediately, trades that tend to linger in the zone have a lesser chance of touching the TP.
Thx for the feed-back;
Edensgarden

PS: I think I answered my own question! After seeing priced bounced off the 8H and 4H demand zones I should've kept confidence that the trade was still well on track and ready to break higher, valuable lesson for me...
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  • #1,516
  • Apr 13, 2017 9:53am Apr 13, 2017 9:53am
Hello All,

2 trade set-ups I spotted today, NZD JPY looks promising
Br
Edensgarden
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  • #1,517
  • Edited 10:55am Apr 13, 2017 10:42am | Edited 10:55am
Quoting deankenny21
{quote} Hi Metta, because as I've said many times, I do not want this becoming a signal service, the last time I had a trade explorer up, there was alot less activity in the thread and people just simply copy pasted trades straight from my trade explorer. As you said with your quote "it will be easier to follow your live trades" Brings me to believe my biggest fear that alot are here to just mirror my trades rather than learn the principles behind the trades.
hey Dean i get your point, but you can hide all the info you want on the explorer(while taking trades ) and still teach here on the thread. I think if people see the results on the t.e coupled with the information being taught here, there wont be any reason for them not learning the principles behind your thread.Thanks.
  • #1,518
  • Apr 13, 2017 11:05am Apr 13, 2017 11:05am
Hi guys.

this is more like a general question to everybody really.

Easter is coming and the markets are going to close for a bit of time. Are you thinking on closing the positions in case the market bounce, or do you prefer to leave them open during the weekend.

Bear in mind that the markets would probably change during the weekend but we would not know until Monday.

Regards.
  • #1,519
  • Edited 1:11pm Apr 13, 2017 12:57pm | Edited 1:11pm
Quoting metta87
{quote} hey Dean i get your point, but you can hide all the info you want on the explorer(while taking trades ) and still teach here on the thread. I think if people see the results on the t.e coupled with the information being taught here, there wont be any reason for them not learning the principles behind your thread.Thanks.
Hi, no one has a gun to anyones head, and I have already done the TE stuff, and it was an absolute nightmare. If it's proof anybody wants, I think my 100s of livestreams and twitter account are slightly better than any TE, infact whole point I did the livestreams was to show how floored TE's can be. On that note, I wouldn't need to "prove" anything anyway, since I am not trying to sell anything, so it's no skin off my nose. You want to learn supply and demand stick around and learn, if you don't, the door is open
  • #1,520
  • Apr 13, 2017 1:02pm Apr 13, 2017 1:02pm
Anyway back to proper business. I guess ALOT of you are in this cable trade with me, I have posted my chart on cable many times for the last week or so, so absolutely no excuse not to be. After our first supply got broken with the UK news, then Trumps words yesterday, we see the Extrmina supply come into force. We are now 57 pips in profit on this one, so we have just surpassed the 1:1 RR of the trade. All my stops are now at BE for this trade aiming for TP at 1.2495 at the demand we are heading towards. 1.25 for a conservative target if you please.
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