Supply and Demand trading with Fibs | Page 91 | Forex Factory

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Supply and Demand trading with Fibs

  • #1,801
  • May 13, 2017 3:51pm May 13, 2017 3:51pm
USDJPY long possible:

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Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #1,802
  • May 13, 2017 3:53pm May 13, 2017 3:53pm
This H4 supply on Eurusd will probably not hold, as it is almost at the end and little supply left

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Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #1,803
  • May 14, 2017 11:53am May 14, 2017 11:53am
Quoting SGKen
{quote} Hi Cerve, I believe this is what you wanted. After putting it in the indicator folder, you just need to draw a rectangle box and it will become that. Hope it helps. {file}
I took the indicator from another threat of Supply and demand but is basically a rectangle reader. I don't like the indicators that make the zones for you because you don't know how reliable can be and it can give you some zones that are not very reliable.

I am not with the computer at the moment but if i remember I will upload later the indicator.
  • #1,804
  • May 17, 2017 6:41pm May 17, 2017 6:41pm
Is this consider a relevant zone? Drop-base-rally.
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  • #1,805
  • May 18, 2017 3:48am May 18, 2017 3:48am
Quoting SGKen
Is this consider a relevant zone? Drop-base-rally. {image}
Possibly a good support zone, but I don't see a demand zone in there
  • #1,806
  • May 18, 2017 4:07am May 18, 2017 4:07am
Ouch...still stuggling in identifying good zones...check this out :
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Just happened right now in Eur/usd, missed this one because I did not trust the second touch into the marked supply.
How do you guys go into this process?
How many test of an area You spotted do You trade?
Thank You
maxx
If you quit, it is NEVER going to happen...
  • #1,807
  • May 18, 2017 4:21am May 18, 2017 4:21am
Quoting minosd
{quote} Possibly a good support zone, but I don't see a demand zone in there
The drop-base-rally forms on 1 H1 candle for drop, 1 H1 candle for base and 1 H1 candle for rally. After 2 H1 candles it retouches the zone. That is a demand zone I highlighted. Not sure is it consider valid?
  • #1,808
  • May 18, 2017 4:22am May 18, 2017 4:22am
Quoting maxx7
Ouch...still stuggling in identifying good zones...check this out : {image} Just happened right now in Eur/usd, missed this one because I did not trust the second touch into the marked supply. How do you guys go into this process? How many test of an area You spotted do You trade? Thank You maxx
For me personally I only trade the fresh zone which is touches once only.
  • #1,809
  • May 18, 2017 5:18am May 18, 2017 5:18am
....and look at this one......missed to the pip!!...pretty frustrating...
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If you quit, it is NEVER going to happen...
  • #1,810
  • May 18, 2017 6:49am May 18, 2017 6:49am
USD news in 1h or so, so no trades there...
Let's see this one :
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Trend : down
Double trendline cross
Ex support area recently pierced, 1st test...
maxx
If you quit, it is NEVER going to happen...
  • #1,811
  • May 18, 2017 8:38am May 18, 2017 8:38am
no way, stopped out on this one...
Comments?
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If you quit, it is NEVER going to happen...
  • #1,812
  • May 18, 2017 10:24pm May 18, 2017 10:24pm
This is an excellent thread..where can you get the Supply & Demand indicator?
  • #1,813
  • May 19, 2017 6:22am May 19, 2017 6:22am
Did a quick 5 min scalp:

I was not sure if the lower wick is a breach of the demand zone or if the candle needs to close below the demand zone in order to invalidate it.
Also I was a little late in entering (Should have entered on the 61.8 fib).

Greetings
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veni vidi vici
  • #1,814
  • May 21, 2017 8:22am May 21, 2017 8:22am
Hi All,

Look for potential short at the weekly supply zone for GBPUSD.

Comment are welcome.
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  • #1,815
  • May 21, 2017 9:06pm May 21, 2017 9:06pm
Quoting impossible82
Hi All, Look for potential short at the weekly supply zone for GBPUSD. Comment are welcome. {image}
thats not a true supply you have identified, its more of an swing high i would be careful trading that
  • #1,816
  • May 21, 2017 9:43pm May 21, 2017 9:43pm
Good supply zone spotted on USDCAD H1!
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  • #1,817
  • May 22, 2017 7:47am May 22, 2017 7:47am
Quoting SGKen
{quote} For me personally I only trade the fresh zone which is touches once only.
Thats a good tactic but fresh zones can take time. If a zone is touched 2 or 3 times but price did not violate it. Then the zone is still valid. However the thing to consider is how long price stayed in the zone and how it left. Ideally 4 to 6 candles are a max and should leave with 2 extended candles.
  • #1,818
  • May 22, 2017 6:49pm May 22, 2017 6:49pm
Quoting NMZee
{quote} Thats a good tactic but fresh zones can take time. If a zone is touched 2 or 3 times but price did not violate it. Then the zone is still valid. However the thing to consider is how long price stayed in the zone and how it left. Ideally 4 to 6 candles are a max and should leave with 2 extended candles.
Its alright to wait for the fresh zones to work/not work as long as I have a higher probability chance of having winning trades than losing it. I trade not for having many trades but to have many highly successful trades.

That's a new knowledge I learned from you NMZee, 4 to 6 candles in the zone to form a supply/demand zone?
  • #1,819
  • May 22, 2017 8:33pm May 22, 2017 8:33pm
Quoting SGKen
{quote} Its alright to wait for the fresh zones to work/not work as long as I have a higher probability chance of having winning trades than losing it. I trade not for having many trades but to have many highly successful trades. That's a new knowledge I learned from you NMZee, 4 to 6 candles in the zone to form a supply/demand zone?
Fair point. No, not to form a zone but to form a base. Minimum 1 maximum 6. Must leave with a maximum of 2 extended candles (long candles) finally we also have to see after how long the price return to the base. To describe a high quality zone, these are the 3 Odd enhancers. ☺. If interested i can share with you how to find trends using the 2 zones violation method.
  • #1,820
  • May 22, 2017 10:04pm May 22, 2017 10:04pm
Quoting NMZee
{quote} Fair point. No, not to form a zone but to form a base. Minimum 1 maximum 6. Must leave with a maximum of 2 extended candles (long candles) finally we also have to see after how long the price return to the base. To describe a high quality zone, these are the 3 Odd enhancers. ☺. If interested i can share with you how to find trends using the 2 zones violation method.
of course, please!
Money is made by sitting, not trading. Jesse L. Livermore
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