Main supply demand

I sometimes trade something similar but use a line, MA or PA bar, often missing the trade because it didn't quite reach the trigger point or look right, I quite like the zone idea... ok,

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#1

Tym en's Board > Suppl y and Demand Tradi ng

Supply & Demand Trading Journal

Supply & Demand Trading Jou rnal

In an effort to improve my trading i have decided to start a journal of all my trades

DISCLA IMER: THESE ARE NOT MY IDEAS, This is something i have learned and rings true to me, I can not guarante e it works, thats what we are he re

for to find out!

the system:

I am currently in demo with 3 systems, all 3 work on the basis of supply and demand, you can call it support and resistance if you like, theyre the

same

but, its no good just picking any old, s/d you need to strong ones!

So how do we decipher s&d, and what makes it strong ?

well first it is important that you grasp this idea only 1 thing moves the market, not the news, not fibs, not indicators, not trend lines the only

thing that will move price on your charts are orders to buy and orders to sell (i dont want to discuss this, its true)

Price on your charts is a visual of those orders, at this price there was 100 orders to buy, and 1 to sell which way is price going to go? up of

course!

here's a cha rt:

http://needynotshy.com/vbforum/showthread.php?t=15

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we can see price went from 3 to 2, at point 2, wha t happened to price?

it reversed quickly and dropped strongly why? because there was no more buy ers and lots of sellers who do we think was buying just before price

peaked? i bet it wasnt the banks! or institutions it was novice traders

"the biggest mistake novice traders make is buying into a high and selling into a low" i was part of that group

(These are the traders we want to take the money from )

So we can say at area 2 there is a strong imbalance between supply and demand

When price returned to that level at area 1, based on what we have just learnt, what can we assume will happen? exactly price will fall (not always,

but you only need to be right at least 50% of the time to win with this system)

Ok well we can see if you had set your short the re, you woul d ha ve made a tidy profit!

now go check your own charts and see this playt out time and time again

RULES:

These aren't really rules, but if finding the strong s&d areas is vital, we need some way of determining if it is strong or weak

Thankful ly that is easy too

1 The areas ha ve to be : rally-base-drop or drop-base-rally

youre looking for places where price turned its only minor s& d if price was moving up, went sideways, then continued up rall y-base-rally is no

good!

By all means note these areas, but they re not what you are looking for look at area 2 and 1 on the chart again rally-base-drop

2 how long did price stay at this area a short time is good! this shows there is a big imbalance between s&d

3 how did price leave this area gap is excellent but rare so we are looking for a strong move away area 1 and 2 on the chart again

4 how far did it go this is your profitability

area 2 dropped about 350 pips we look for at least 3/1 profit, so a sl at area 1 of 100 pips would of been ok

5 you also want to have a decent amount of time between prices visit to an area, because obviously if price is constantly hanging around the area,

then its not meeting rules 2, 3 and 4

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ENTRIES: for entries we need to draw in our s&d zones, the conventional teaching is to draw a single line, but thats just not realistic, price isnt going

to turn right on the exact pip!

so we draw a zone look at chart 2

A ttached Images

1.jpg (19.2 K B, 29 views)

Last edited b y 60minutem an; 11-11-2010 at 01:35 PM

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60minuteman

Se nior Memb er

Join Date: N ov 2010 Posts: 157

ok here i have drawn in the top and bottom lines of my supply zone

you are just trying to capture the range of prices whe re price turned

its subjective, but practice i am

OK, SO WHEN DO WE PULL THE TRIGGER?

this is the bit im always trying to find on threads i read, so ive put it in big letters for you

there are 2 approache s conservative and gun ho! im a gun ho trader, unfortunately for me but its upto you!

conservative is to wait for price to come back to the area and show some signal that it has tur ned bollinger bands, fibs, wha tever you like, if it

makes you feel better, do it

gun ho! you just wait for price to enter the area, or even set a limit order on your li ne

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upto you, i tend to take profit as price moves towards minor s/r zones, but this area im experimenting with, and hopefully we can

explore some ideas as this thread grows or dies lol

11-10-2010, 09:32 PM

60minuteman

Se nior Memb er

Join Date : N ov 2 010 Posts: 157

ok, now youre saying thats only 1 system yes i know the others will come soon

fir st lets see if we can make this a winning system

I promise to post all my trades here that use this system, i will not cherry pick i dont need anyone to think im a great trader, i

ok just to get the ball rolling, he re is the first trade i ever took using this system and its a che rry (if i was going to pick 1lol)

my sd zones were set on the daily (by the way this works on any tf)

i entered on the first touch of the s&d zone

result +428

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Join Date: Oct 2010 Locat ion: España Posts: 5 7

Nice, I wondered what supply/demand zones were I sometimes trade something similar but use a line, MA or PA bar, often missing

the trade because it didn't quite reach the trigger point or look right, I quite like the zone idea

Last edited b y 20pips; 11-10-2 010 at 10:04 PM

11-10-2010, 10:08 PM

60minuteman

Se nior Memb er

here is my Eu trades from today, 2 longs BE and +118

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A ttached Images

4.jpg (17.5 K B, 11 views)

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gu long from today, from now on i will post entr ies and then results, just wanted you to get a visual idea of what im talking about

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ok, important point here, that i never mentioned

when you look back from price now, to find a relevent supply and demand zone, you never cut through candles never! dont

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#11

Tymen 's Bo ard > S upp ly and Dem and Trading

ok heres my entry into gu short, ive marked my sd zones, see how i put my stop just above the outer zone good job, came real close to sl went

to +40 and i have taken ha lf profit there

see how it has paused he re well if you look left from price you can see a minor s/d zone (good place to set tp's) how do we know it is a minor sd

zone

because it is rally base rally

http://needynotshy.com/vbforum/showthread.php?s=a6336eb436f207d630a05bf9799dea91&t=15&page=2

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Good stuff 60mm,ill be following your journal and all the best to you,may you become a good trader in no time!!

11-11-2010, 11:53 AM

60minuteman

S enior Mem ber

Join Date: N ov 2 010 Posts: 157

thanks Bp are you still steadily increasing your account? really enjoyed your thre ad when i was starting out

Fantastic thread 60mm! Looking forward to following your progress

I'm conservative I look for CBL entries only, but your method will hopefully help me pinpoint those higher probability pairs to

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S enior Mem ber

ok Gu trade

this is exactly what you need to look for if you want to trade this system, the entr y meets all the criteria, with bette r management i could of won more

pips for sure, but im happy with 173 how many of these do you need a week to win in forex?

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Se nd a message via Skyp e™ t o Rokas

Hi 60 very interesting thr ead I never thought that you were that risky If you don’t mind I ha ve couple questions…

1 You wrote to never ever cut thr ough candles, but to place a zone you would ne ed to cut at least through wicks, so maybe no

cutting of the the body? In your recent gu trade you cut both wick and body And if its possible maybe you could write your reason

for picking lower le vel of the zone

2 What difference do you see with putting one big lot and putting 2 lots at different time? I always though of multi lots as a way

of increasing BE levels and increasing R:R ratio by reducing risk But you don’t reduce risk after a trade, you increase it a lot And

why second lot was twice as big as first one?

3 What do you think of not letting a winne r tur n into a big loser?

4 As you said before putting a single line and hope that price will turn at that point is just too optimistic so a zone is a superior

thing to do, but isn’t it a same thing as putti ng a limit order at start of the zone?

5 Do you trade with a trend?

Well that’s more than couple que stions… I am really happy to see anothe r person writing a thread that is very similar to my yet

to be written tr ading plan…

11-12-2010, 02:24 PM

60minuteman

S enior Mem ber

Join Dat e: No v 2010 Posts: 157

ha ve a look at this rokas

Quote:

Originally Posted by Rokas

Hi 60 very interesting thread I ne ver thought that you were that risky If you don’t mind I have couple questions…

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1 You wrote to never ever cut through candles, but to place a zone you would need to cut at least through wicks, so maybe no cutting of the

the body? In your recent gu trade you cut both wick and body And if its possible maybe you could write your reason for picking lower level of

the zone

have a look at this rokas, i dont think i explained it very well

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#18

2 What difference do you see with putting one big lot and putting 2 lots at different time? I always though of multi lots as a way of increasing

BE levels and increasing R:R ratio by reducing risk But you don’t reduce risk after a trade, you increase it a lot And why second lot was twice

as big as first one?

both lots were the same size, but i took half off the first lot whe n i was r/r 1/1

i havent worked out the best way to manage these trades rokas, i need some help from someone like grav or ty men, but clearly if you get that

bit right also these can be very big winner s

3 What do you think of not letting a winner tur n into a big loser?

obviously thats not good, but wha tever you do, you need to make sure that you give your trades a chance to go to their potential, because

then you only need to be right 50% of the time again it is a trade management issue , im trying to learn!

4 As you said before putting a single line and hope that price will turn at that point is just too optimistic so a zone is a superior thing to do, but

isn’t it a same thing as putting a limit order at start of the zone ?

sure and i do use limit orders at lines to enter in this system sometimes, the zone s just give you a visualization of the area where supply and

demand were imbalanced before, therefore it is highly probable that the se conditions will be true ne xt time cant guasrantee it, but if you

were right 50% of the time you would make money

5 Do you tr ade with a trend?

i pay no interest in trend at all he re's why why do most novice trader s lose mone y in forex because they buy after a sustaine d period of

buying and they sell after a susta ined period of selling for a trand to exist (according to the rules) you need 3 touches of that trend line

why do you want to get in now ? the basis of this system is that you are trading the way institutional and bank traders trade, taking the

money from the novice trader

have a look at the trades i have posted, see how price will often make a last surge up before turning down in our s/d zone who do you think

is entering with the trend here? yes , novice tr aders

Well that’s more tha n couple questions… I am really happy to see another person wr iting a thre ad that is very similar to my yet to be written

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Se nd a message via Skyp e™ t o Rokas

Great weekly results CONGRATS

Little more niewbie ideas…

If you look at 1 s/d zone in 1h tf it looks good and tradable but if you take a look at 4h its just a drop base drop and the second

zone is rally base drop a very good zone visua lly the only problem from taking short from 4h woul d be the point that PA hasn’t

moved a lot from tha t point in time The TP points are roughly the same from 1h and 4h so the time trade reache s its goal is the

same If you look at daily both (1,2) s/d zones has little/no value, on the other hand 1,6300 looks as superb s/d zone on most

lower TF So wouldn’t it be a confluence of timeframes? (How stupid does it sound) Any way my point is shouldn’t strength of s/d

zone (s/r line) depend on the TF it wa s drawn?

For the tr end part I was referring to higher TF tr end, like the 4h trend for 1h or daily trend for 4h Graviton wrote A LOT about

that subject

11-12-2010, 10:18 PM

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S enior Mem ber

Quote:

Great weekly results CONGRATS

Little more niewbie ideas…

If you look at 1 s/d zone in 1h tf it looks good and tradable but if you take a look at 4h its just a drop base drop and the

second zone is rally base drop a very good zone visually the only problem from taking short from 4h would be the point

that PA hasn’t moved a lot from that point in time The TP points are roughly the same from 1h and 4h so the time trade

reaches its goal is the same If you look at daily both (1,2) s/d zones has little/no value , on the other hand 1,6300 looks as

superb s/d zone on most lower TF So wouldn’t it be a confluence of timeframes? (How stupid does it sound) Any way my

point is shouldn’t strength of s/d zone (s/r line) depend on the TF it was drawn?

For the trend part I was referring to higher TF trend, like the 4h trend for 1h or daily trend for 4h Graviton wrote A LOT

about that subject.

ok, i will answer you with wha t i know Rokas, wether I am right or not I dont know

you could have the sweetest looking entr y on 1hr that fits all the rules, but on the daily it could be just the retrace of 1 candle

does that mean you cant trade it? no you can trade it supply and demand is taking place on all tf's

if you find a good s/d zone on the daily, im sure within that trade you could find 2 or 3 on the 4hr my e/chf short went 450

pips on 1hr tf, but there was a 90 pip retrace during that, and i bet if i had looked at the 15m tf there were trades long

i always draw my zones on the same tf i take the trade on i havent thought of say drawing the m on 4hr and entering on the

1hr im not sur e how that would work?

With regards finding a higher tf trend and say in a daily down trend only looking for shorts on the 4hr and 1hr

we would be missing the point!

This system is built from the knowledge of how the big institutional traders trade

if they know there is strong demand at 1.600 and it has been in a downtrend for a week what are they going to do ?

well they know that all the big guns have already made the ir shorts, and they also know that novice traders usually enter after a

long period of selling or buy ing so they will enter long anyway they make their money by transfering the funds from the

novice traders into their pockets

Im probably not qualified to cover this really, but by sticking to the rules as i was told i am getting good results and sam was

very clear

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you dont need trend lines, fibs or indicators and ignore the ne ws and expert advisors, just tr ade supply and demand as you see it

on your charts

the key to wining with this strat is to find strong s/d,

I can tell this has caught your imaginati on rokas, like it did me when i first encountered this way of trading i suggest you find

the key points on your charts over the weekend, make some notes, or set some alerts, and try taking some on demo ne xt week

just remember dont go chasing your sl up behind price it wont work set your targets and if you make it, take profit, or just

close the trade tight stops does not work

Last edit ed b y 60m inute man; 11-1 2-2010 at 10:24 PM

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#21

#22

Tym en's Board > Suppl y and Demand Tradi ng

Join Dat e: Oct 2010 Location: USA Mic higan Posts: 38

I too will be watching and testing, You've been doing well from we see here and on chat

11-13-2010, 09:32 AM

60minuteman

Se nior Memb er

thanks needy, from this week i will start posting my demo account balance too, so we can see if we can grow an account us ing this

system, and work out an optimum system for profit!

http://needynotshy.com/vbforum/showthread.php?t=15&page=3

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60minuteman

Se nior Memb er

quite a few people asking me about higher tf trends, well its not something that is done by sam seiden,(edit i made a mistake with this, sam does use

the higher tfs, but not in ter ms of trend, only in terms of supply and demand) but something he does utilise is the us dollar index

here is the daily chart and we can see that it is in a downtrend and moving into an area of supply, so we could say that looking for longs in the dollar

pairs may well pay off if it was also in oversold, we could add more weight to this think ing lets see what happens monday!

i havent really tested this, but sam hasnt put me wrong yet!

by the way if you would like to see some webinars on supply and demand trading, they can be found at fxstreet website,

I also need to point out, this is all my interpretation of what i have been taught, i may well be wrong, I am no expert and you really should go and

look at the lessons for your self

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Ju nior Mem ber

Join Date : Oct 2010 Location: Lit huan ia Posts: 8

Send a me ssage via Sk ype™ to Rokas

Yea I am well in the imaginationland of forex trading… Our opinions are very similar just some concepts are way off One of

them is questioned letting a winner turn into loser I consider this one of the key points of solid trade management Any way

subject of s/d (s/r) is very wide and there is a lot of good literatur e (free) for example Tymens omnibus p4-18 also

http://www.forex4noobs.com/forex-pulse/forex-ebooks.php is a good read

What do you think of posting your charts with trade plan for next week for comparison reasons?

Ps this video was a bit turnoff for Sam… http://www.youtube.com/watch?v=glUE2B_-7rs

11-13-2010, 02:25 PM

60minuteman

Se nior Memb er

Quot e:

Yea I am well in the imaginationland of forex trading… Our opinions are very similar just some concepts are way off

One of them is questioned letting a winner tur n into loser I consider this one of the key points of solid trade management.

Any way subject of s/d (s/r) is very wide and there is a lot of good literature (free) for example Tymens omnibus p4-18 also

http://www.forex4noobs.com/forex-pulse/forex-ebooks.php is a good read.

What do you think of posting your charts with tr ade plan for next week for comparison reasons?

Ps this video was a bit turnoff for Sam… http://www.youtube.com/watch?v=glUE2B_-7rs

on the letting a winner become a loser, if you think about it clearly the important thing is to get the correct r/r if you close all

your winners at 1/1 then you need to win more than 50% to gain in your account the interesting thin is how many of my

winners have been losers, that became big winners achieving the desired 1/3 r/r as with anything i like to stick to all the rules in

demo and record the results, even if they dont quite make sense to me always keeping in the front of my mind that i am a

beginner and know nothing!

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#26

havent read that ebook, will do this weekend, thanks!

great idea and something i planne d to do, i will be posting all my best set ups i will be watching next week over the weekend

as for forex on the internet, i am sceptical about it all, but thats the beauty of demo accounts test and record!

I still think wha tever way you trade the most important thing is risk / reward lets be more methodical with the figures over

this month and see

good luck rokas and do let me know if you take any trades using s/d or evenpost them on here

update: after doing a bit more study it appears sam does use higher tf's but only in respect to supply and demand, not with

Ok here's a few set ups im watching next we ek, theres lots more and some are already in the zone

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and one more

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11-15-2010, 05:49 PM

jdash

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Join Date: Oct 2010 Loc ation: philip pi nes Posts: 6

Subscribing!

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60minuteman

Se nior Memb er

ok firstly, sorr y for no action on the thread, but i have been trading!

I know I promised to post lots of details and all trades on here, and i will try, but i also have a restaurant to run 6 days a week i will do my best!

DONT TRADE THE NEWS though i would add that, because it got me bad this week thank god for demo i am still learning!!!

ok, onto some trades

1 this is GA sunday night opening, straight into an excellent set up, these entries stick out like sore thumbs, so if you are unsure, just move on, there

are loads of entries all the time on all ti me frames

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2 NU 30m tf short +80 pips

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just want to go over the rules again

to find your S/D zone

1.rall y - base - drop or drop - base - rally so on your charts that looks like a v shape or upside down v

2 price should not stay at the top for long, a few candles is best remember if there are lots more sellers than buyers price will not hang around

this is what we mean by a strong IMBALANCE in supply and demand

3 price should of dropped quickly away from thi s zone

4 price should of dropped a long way

5 on the FIRST return to this level you look to enter

n.b i will scan the other tf's to be sure im not selling into some strong demand on a highe r tf mark them out on your charts, its as easy as drawing 2

horizontal lines

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11-19-2010, 12:52 AM

ardy

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Join Date: Oct 2010 Posts: 11

Inspiring

60mm, this is very inspiring At this stage of my trading, with the frequent setbacks, I need to see someone succeeding at this

Gives us all hope Ev en though I don't trade this system myself, I see many things I can take away that will be applicable to my

system And if you continue with these kind of results, I might ha ve to try this on my own Keep it up

11-19-2010, 12:54 AM

ardy

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Join Date: Oct 2010 Posts: 11

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ok here is an eu trade that didnt win but still, look at the loss some people think you have to risk alot to trade this system, but compared to the

size of the wins its a good r/r

so why did price not turn here? well demand had left from this price it happens

stick to the rules and you will make pips with this system

but dont believe me, demo it!

Tiêu đề	Supply & Demand Trading Journal
Trường học	N/A
Chuyên ngành	Trading and Market Analysis
Thể loại	essay
Năm xuất bản	2010
Thành phố	N/A

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Số trang	131
Dung lượng	4,43 MB