collapse

Author Topic: Supply and demand trading  (Read 10585 times)

Offline joffie

  • Full Member
  • ***
  • Posts: 367
Re: Supply and demand trading
« Reply #15 on: October 30, 2019, 10:58:37 AM »
USDCHF Sell triggered last night

First target has been hit placing the trade now risk free with looking to trail the second open position


Sent from my iPhone using Tapatalk

Offline petersurrey

  • DonbonsPrivateGroup
  • Sr. Member
  • *
  • Posts: 1163
Re: Supply and demand trading
« Reply #16 on: October 30, 2019, 01:41:47 PM »
Very nice Joffie - like the use of daily charts and simple S/R approach with a decent R:R - keep it up with the examples :)

Offline drunkfx

  • Sr. Member
  • ****
  • Posts: 875
Re: Supply and demand trading
« Reply #17 on: October 30, 2019, 04:17:38 PM »
What do you think about supply and demand in Gold guys? Sharp movements are expected but the Fed is unpredictable

Offline joffie

  • Full Member
  • ***
  • Posts: 367
Re: Supply and demand trading
« Reply #18 on: October 30, 2019, 04:33:48 PM »
What do you think about supply and demand in Gold guys? Sharp movements are expected but the Fed is unpredictable

I dont like gold at the moment, been very choppy market. If I was looking to sell... I would be watching Daily supply zone on the daily 1522.00- 1535.70 as it is a fresh untested zone.


Sent from my iPhone using Tapatalk

Offline joffie

  • Full Member
  • ***
  • Posts: 367
Re: Supply and demand trading
« Reply #19 on: November 04, 2019, 07:50:52 AM »
Sold GBPNZD last week, price already hit my first take profit and now moved to break even on 2nd open position as price finds structure.

Offline joffie

  • Full Member
  • ***
  • Posts: 367
Re: Supply and demand trading
« Reply #20 on: November 04, 2019, 07:52:28 AM »
USDCHF Sell triggered last night

Price fell to demand and second target

Offline drunkfx

  • Sr. Member
  • ****
  • Posts: 875
Re: Supply and demand trading
« Reply #21 on: November 04, 2019, 03:06:58 PM »
How did you determine supply and demand here? What data did you use or it is just random assumption?

Offline joffie

  • Full Member
  • ***
  • Posts: 367
Re: Supply and demand trading
« Reply #22 on: November 04, 2019, 03:32:50 PM »
How did you determine supply and demand here? What data did you use or it is just random assumption?

Based of my own trading experience, with drawing the zones. Price shows these zones, you could say leaves us a trial behind. All we then need to do is look for trades as price comes back into the zones. When Ive got some more time I will show example how to draw them for you.


Sent from my iPhone using Tapatalk

Offline joffie

  • Full Member
  • ***
  • Posts: 367
Re: Supply and demand trading
« Reply #23 on: November 04, 2019, 10:27:37 PM »
I am now watching how USDJPY reacts when price returns to Daily supply, I will be looking for any sell signals to get short to sell to the daily demand. Price may even break higher removing the weekly and daily supply zones. But until this has been proven, I will still be watching for any sells.

Offline Arsssele

  • Jr. Member
  • **
  • Posts: 40
Re: Supply and demand trading
« Reply #24 on: November 18, 2019, 10:15:43 PM »
In the beginning I was using supply and demand to follow support and resistance lines. However, during time I have realised that I can do perfectly fine only by following long term support and resistance lines and trade based on MA and Bollinger Bands

Offline drunkfx

  • Sr. Member
  • ****
  • Posts: 875
Re: Supply and demand trading
« Reply #25 on: November 30, 2019, 08:12:11 AM »
In the beginning I was using supply and demand to follow support and resistance lines. However, during time I have realised that I can do perfectly fine only by following long term support and resistance lines and trade based on MA and Bollinger Bands

You imagine supply and demand because except price you have no other data. You can estimate market depth, see bids and offers so what you can do is to rely on past price patterns, but market is independent from past price movements 95% of the time. That's why we get false impression that lines and channels tells us about something but it is wrong.

 

browse forum

* Recent Posts

Re: EUR/USD by fxopen78
[Today at 01:12:38 AM]


Re: forex cyborg by Humble Trader's Fx
[Yesterday at 07:48:03 PM]


Re: forex cyborg by ForexCyborg
[Yesterday at 07:09:41 PM]


Re: EUR/USD by Eliza Abrams
[Yesterday at 02:19:20 PM]


Re: Funny Movies by Nuadaris
[Yesterday at 02:00:45 PM]


Re: Spread is king? by HFT Group
[Yesterday at 08:18:13 AM]


Re: What is the minimum limit of investment? by drunkfx
[Yesterday at 07:35:56 AM]


Re: Spread is king? by drunkfx
[Yesterday at 07:34:01 AM]


Re: HotForex by drunkfx
[Yesterday at 03:32:36 AM]


Re: What is the minimum limit of investment? by fxopen78
[July 12, 2020, 11:22:00 PM]