Supply and Demand trading with Fibs | Page 83 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Fibs trading and PASR 0 replies

Fibs And Forks Journal 62 replies

Fibs and Forks 177 replies

Fibs, fibs, fibs 3 replies

Trading with Fibs...and Targets...! 28 replies

Attachments: Supply and Demand trading with Fibs
Exit Attachments

Supply and Demand trading with Fibs

  • #1,641
  • Apr 20, 2017 6:09pm Apr 20, 2017 6:09pm
Hey KDo,

Just take your trade from the trading history tab in mt4 and drag it to your chart.
  • #1,642
  • Apr 20, 2017 8:47pm Apr 20, 2017 8:47pm
USD/JPY short
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4.png Size: 24 KB
  • #1,643
  • Apr 20, 2017 8:51pm Apr 20, 2017 8:51pm
Quoting cashforex
USD/JPY short {image}
Nice, when are you planning to reduce risk?
  • #1,644
  • Apr 20, 2017 9:11pm Apr 20, 2017 9:11pm
Quoting deankenny21
{quote} Nice, when are you planning to reduce risk?
Already locked in some profits and the s/L is moved to break even free trade from here
  • #1,645
  • Apr 20, 2017 9:27pm Apr 20, 2017 9:27pm
EUR/CAD Dean hope you got this one bro, i missed it aaaarrgh !!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADH4.png Size: 28 KB
  • #1,646
  • Apr 21, 2017 1:35am Apr 21, 2017 1:35am
Quoting cashforex
EUR/CAD Dean hope you got this one bro, i missed it aaaarrgh !!!!! {image}
Hi cashforex,

Any reason the zone just below it was not a zone for you? the drop base drop zone that failed.
  • #1,647
  • Apr 21, 2017 7:53am Apr 21, 2017 7:53am
Quoting Tuk786
{quote} Hi cashforex, Any reason the zone just below it was not a zone for you? the drop base drop zone that failed.

I had that one on my watchlist to monitor it closely, but i missed it, I was not at the computer.

The previous zone it was very good, you can see how the price reacts to it and slow down. The problem is that it went through all the supply until the next one.

I am still learning but one of the things that I learned form my mistakes is wait for the price to show you what is going to do. If the price is moving sharply (every single candle is bullish) it is likely to eat through the supply (or demand on the other case), but if it is slowing and giving consolidations, it is more likely to reverse.

Trying to get into the previous supply it would be like catching a falling knife.

Sometimes i prefer to wait and see what the price has to say.
  • #1,648
  • Apr 21, 2017 8:33am Apr 21, 2017 8:33am
Quoting Cerve
Hi guys. I spotted this area on the daily chart. The price seems to be reacting to it. Be aware that the area has been tested several times in the Past but it had a very strong reaction. {image} Maybe dean or one of you can give your thoughts about it.
I left this trade a while ago.
I just closed it today because I wanted to be conservative, but it did a very nice move.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDCHF.png Size: 26 KB
  • #1,649
  • Apr 21, 2017 9:42am Apr 21, 2017 9:42am
Nice !!!
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM5.png Size: 56 KB
  • #1,650
  • Apr 21, 2017 9:49am Apr 21, 2017 9:49am
Another one :-)
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 53 KB
  • #1,651
  • Apr 21, 2017 9:54am Apr 21, 2017 9:54am
Hi guys.

I just spotted a very nice set up on the USD CAD daily.
I will wait a bit longer to see if the price reaches the SZ.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD.png Size: 34 KB
  • #1,652
  • Edited 10:19am Apr 21, 2017 10:08am | Edited 10:19am
Hey guys,

I currently am in the EURCAD short, almost missed it! Here's my reasoning on why I took this zone and not the first one.

First of all the 2 nd zone was inside a Daily supply zone (a good +)

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 63 KB


On the 4h, the price actually based right under the 1st Zone, making it less interesting and eating up the profit.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 177 KB


Hopefully this makes sense and it helps!

I'm safe on this trade (BE) but I'm trying to let it run for a bit.
  • #1,653
  • Apr 21, 2017 11:32am Apr 21, 2017 11:32am
Quoting khaolin
Hey guys, I currently am in the EURCAD short, almost missed it! Here's my reasoning on why I took this zone and not the first one. First of all the 2 nd zone was inside a Daily supply zone (a good +) {image} On the 4h, the price actually based right under the 1st Zone, making it less interesting and eating up the profit. {image} Hopefully this makes sense and it helps! I'm safe on this trade (BE) but I'm trying to let it run for a bit.
It is true, it got rejected on the second supply.
It should have a reaction to it, but as you said, not very strong, so caution would be the key here.
  • #1,654
  • Apr 22, 2017 7:26am Apr 22, 2017 7:26am
Quoting deankenny21
Hey guys, how are well all these days, hope everyone is doing well in the supply and demand world. I just wanted to hit you guys up with a website/link that during my career on forex I stumbled upon and completely changed my perception of how supply and demand works and why. Now I am not putting Sam Seiden down here, what he teaches is correct, but the reasons why are not, and although as you guys know from my many trading livestreams I was very profitable in supply and demand, this article and many others from this site really changed the game...
Nice Article Dean. Bold in it's statements, but it does make sense though.
  • #1,655
  • Apr 23, 2017 4:30am Apr 23, 2017 4:30am
Now I feel the best time to up our game for the newbies here now we have some very active members. Multi time frame analysis. If we look on the weekly we are right down near the weekly demand zone, now ask yourself this question, would you really be wanting to sell off supply levels when we are close to weekly demand. You see those levels that get shot right through, no matter how perfect it lined up, well that's probably because you have neglected to take the bigger picture into consideration.

Now my first chart is weekly, placing a fib on the most recent upmove, the demand falls right onto the 50 retrace, price has already entered weekly demand and found buyers. So what we do now is go down some to a smaller timeframe to see if we can join the ride up. The 2 hour chart shows a lovely demand which was formed at the top of the weekly zone, this level would most probably be a very nice level to go long if we go back down there with what looks like to be an excellent risk reward. If we don't go down that low, I will be looking for more demands forming and marking them for possible trades to enter. All of course while keeping an eye on the fundamentals.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: b53712442afc3dfd06dd127d4b39d0e6.png Size: 122 KB
Click to Enlarge Name: f18f56e7cef1c041c45ff9926cb7beea.png Size: 134 KB
  • #1,656
  • Apr 23, 2017 8:31pm Apr 23, 2017 8:31pm
Excellent Illustration, thanx Again Dean
  • #1,657
  • Apr 24, 2017 5:03pm Apr 24, 2017 5:03pm
Hi guys,

It is me again posting a couple of pictures and analysis.
Please feel free to give your feedback.

The pair is the USD CAD

we can see that the pair is on a tight range on the weekly chart.

And it is currently on a 4 hour and daily supply on top.

Attached Image (click to enlarge)
Click to Enlarge Name: usd cad1.png Size: 23 KB

Attached Image (click to enlarge)
Click to Enlarge Name: usd cad 2.png Size: 24 KB

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD3.png Size: 23 KB
  • #1,658
  • Apr 24, 2017 5:07pm Apr 24, 2017 5:07pm
I have another one to my watchlist.

It is the same that Dean put before but it seems that the supply got eaten, so I am going to keep an eye on the area above it.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD.png Size: 23 KB
  • #1,659
  • Apr 24, 2017 8:56pm Apr 24, 2017 8:56pm
Quoting Cerve
Hi guys, It is me again posting a couple of pictures and analysis. Please feel free to give your feedback. The pair is the USD CAD we can see that the pair is on a tight range on the weekly chart. And it is currently on a 4 hour and daily supply on top. {image} {image} {image}
Hey Cerve,

from my perspective on the USD/CAD if you look at the monthly we are still pretty far away from supply, please see below and then we drop down to the weekly, wait for the weekly support to be broken then i would consider taking a trade probably might look for some long as monthly supply is still far away but thats being aggressive, hope that helps
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCADMonthly.png Size: 27 KB
Click to Enlarge Name: USDCADWeekly.png Size: 23 KB
  • #1,660
  • Apr 25, 2017 3:45am Apr 25, 2017 3:45am
Quoting cashforex
{quote} Hey Cerve, from my perspective on the USD/CAD if you look at the monthly we are still pretty far away from supply, please see below and then we drop down to the weekly, wait for the weekly support to be broken then i would consider taking a trade probably might look for some long as monthly supply is still far away but thats being aggressive, hope that helps {image} {image}
Thank you for the feedback. I do really appreciate it. I did not checked the monthly timeframe.
1 trader viewing now