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deankenny21 replied Oct 21, 2011learning from Seiden, he said 3 candles to make a base, but obviously this will be different each chart you look at, so we must only focus on one timeframe, in this case its the 30 min.
B.S. Trading with Kenneth Lee
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deankenny21 replied Oct 21, 2011Lodge i must credit you on the simplicity of the method you have. Although myself i trade supply and demand, and profitably too
I always like to see people using price action to trade, its one of the best ways to trade, I did notice some of your ...5 min EU scalping with Outside Bars
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deankenny21 replied Oct 21, 2011if that demand zone is not good enough profit margin for you, theres one thing to do, not take the trade, remember the next zone in opposite direction is what we focus on once entering a trade.
Supply and Demand trading with Fibs
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deankenny21 replied Oct 21, 2011i cant answer for Kenneth but can answer based on my teachings of supply and demand. We are looking for a base and rally for demand, not a pivot low. Here you have marked a pivot low, which is usually a reaction to a already formed demand zone.
B.S. Trading with Kenneth Lee
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deankenny21 replied Oct 21, 2011dude that chfjpy worked perfectly, it came off supply and went down to the demand level and went back up. Why not take profits or stop to BE at least at the first demand level in opposite direction.
Supply and Demand trading with Fibs
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deankenny21 replied Oct 20, 2011i did actually try the usd index approach, but i found everytime i entered a trade, i still had to rely on usd index to continue rising for exmaple if i was sell on eurusd.
B.S. Trading with Kenneth Lee
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deankenny21 replied Oct 20, 2011GBPUSD update, took it from the fib and trendline, already took some off for profits, like i did before this was not hindsight marked this out earlier and posted the chart up, and we got the first initial reaction at our fan line and trendline right ...
Supply and Demand trading with Fibs
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deankenny21 replied Oct 20, 2011yes but the swap zone will be different to the demand, as the swap would have took place slightly higher to take out the demand, go down timeframes and you should see it
B.S. Trading with Kenneth Lee
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deankenny21 replied Oct 20, 201130 min gbpusd with the fan and also fib fan retrace level of 61.8
Supply and Demand trading with Fibs
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deankenny21 replied Oct 20, 2011ah gotcha basically forming a wedge or triangle as some people call it, so either way is tradeable till we get a break either way.
B.S. Trading with Kenneth Lee
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deankenny21 replied Oct 20, 2011again Kenneth if your here, can i get your views on this guys trade. I also had this 30 min zone marked. Price reacted quite well to it, but again to what i been taught, is i wouldnt have taken this zone as price come back down to this area to quick ...
B.S. Trading with Kenneth Lee
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deankenny21 replied Oct 19, 2011Hey Kenneth, do you have any inputs on what i learnt from Sam Seiden regarding a valid demand or supply zone must have a base of at least 3 candles before surging away to form the zone?
B.S. Trading with Kenneth Lee
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deankenny21 replied Oct 19, 2011heres a little think ive started using to easily see the bigger picture. It puts 3 minicharts on the main chart so u can see each bigger picture as a whole.
Supply and Demand trading with Fibs
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deankenny21 replied Oct 19, 2011no lol, like i said im no magician nor guru, i simply learnt supply and demand, use naked charts and trade profitably. But as after a trend indication to help me to let trades run move stop loss to positive pips while price still moving etc
Whats the Best Trend indicator?
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deankenny21 replied Oct 19, 2011calm down, sit down, im not better than you or the next guy, i cant see #REAL order flow!!!! i can only determine the flow from price action momentum and continuation. Works great for me and all my followers which is now over 300. I show all my ...
Whats the Best Trend indicator?
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deankenny21 replied Oct 19, 2011for example, when i was a noob with $500 measly dollars, i used an ea which was a monthly subscribtion, i wont mention it out loud on here for obvious reasons. But i used it for 3 months, solid consistent profit. it turned my 500 into 750 in 3 ...
Whats the Best Trend indicator?
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deankenny21 replied Oct 19, 2011ya im not getting too far into it, but i used it for a week, and realised it just the same as using supply and demand, orders are changing constantly on it. The end of the day working or not, it would not wrk for the life of forex for the simple ...
Whats the Best Trend indicator?
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deankenny21 replied Oct 19, 2011orderbookfx been there done that, was very poor. So cancelled my subscrbtion I look for a balance at a level and a strong imbalance showing orders still sat at the level, thats the closes you will get without actually seeing the stack of orders.
Whats the Best Trend indicator?