Supply & Demand Trading System

If you don’t mind can you share a link or explain more about Dennis’ trend posts ?

AUDUSD - thanks for the heads up.

If you’re only looking at the Daily timeframe then AUD/USD is countertrend but check the bigger picture on the Weekly timeframe and above - it isn’t counter trend.

http://forums.babypips.com/free-forex-trading-systems/79347-trading-trend-strong-weak-analysis.html

Dennis does his own currency strength calculations and identifies long term trades. I been following him for a couple weeks and he has made some good calls

Will surely check him out!

[QUOTE=“r2theb2thec;767329”]So I came across a new sorting process to pick the best trades from all the options that we might have on any particular day. I came across this from the infinite prosperity guy’s snapchat where he shared what he does. It seems really useful and effective. Check it out. So below I have written all my possible trades. I have also written L or S indicating whether I want to go Long or Short. <img src=“301 Moved Permanently”/> Then I created another list with all the currencies that I have listed above. Now I start putting a tick against the currency that is expected to go higher and a cross against a currency that is expected to go lower. <img src=“301 Moved Permanently”/> After doing this I can see the currency crosses which might have the highest probabilities of going higher or lower. Based on the example above AUDUSD might be the best pair for the day to go Long. <img src=“301 Moved Permanently”/> Thoughts on this are welcome![/QUOTE]

Just wondering what kind of results did you get with this? It sounds logical and sensible

Hi Mehmet, The results have been very good and has surely helped me pick the best trades out of all the options I might have on a particular day. However, I have only used them for less than a month as of now, so I would recommend testing it out at first before going all out. I would also recommend checking out the link Chartzard has posted a few posts above. It has similar guidelines to figure out strengths of currencies.

https://dwq4do82y8xi7.cloudfront.net/x/RGy0SFt4/

My USDJPY Short finally triggered, rally was stopped at 111. It bounced but not nearly as much as I expected. Currently hovering at +5pibs may close half position at B/E.

Are you trading live or on Demo ?

I trade live, but with a very small account with only a grand., so I only buy 1,000 units at a time. I’ve found that by having some skin in even just a few dollars keeps me honest.

We are in the same boat in that case. I am too trading with the same dollar value. If I can make consistent profits for a few more months, then I might add in some more dough. But as of now, learning whether I can keep my nerves calm when the market goes against me and still be able to follow my trading plan.

closed usd/jpy +30pibs, things are kinda wild this week

The GBP and EUR are being affected badly every time a new referendum poll comes out so I am considering not trading these until after the 23rd June - other opinions appreciated.

A very good week, compared to the previous one! Went Long on AUD pairs which reaped over 150pips per pair within a few days, news events helped reach the target fairly quickly too.

Not seeing much opportunities on the Daily S&D for the rest of the week though. Will post charts if I see any!

I agree Rasc, many more fishes in the sea

MY usdjpy ended up falling 120 pips, should of had more balls and stuck with my plan doh!!!

Hey Guys :slight_smile:

slowly i get healthy …
iam going to monitor the charts regular again…yeeeaah
nice to see the thread is running good :wink:

just wanna let you know iam completly back soon…hopefuly…ready to do magic :wink: :wink:

best regards and peace out to all
Trueman23

My main man is back! haha. Happy trading bud and take care! Looking forward to the magic.

Long @ 78.85
Sl @ 78
Tp @ 80

Update 4/6
Price @ 78.442

Update 7/6
Tp triggered +115



Clean charts Joe! This trade looks rock solid too!

Thanks r2, I hope to join people like you on supply & demand system related . Cheers!!