[QUOTE=“Trueman23;743718”] ok this trade was only for watching …good for us that we were not in it…i think its maybe better to take trades on the extrem points from a chart… now there could be a short possibility soon <img src=“301 Moved Permanently”/>[/QUOTE] I think we need to take note of red news events as well and avoid trading during these times
yes thats also sound good…
staying out of trades while news is always a good idea
Hay Trueman I think we need some rules for this thread so everyone is on the same page and following the same system what are your thoughts? I finish work tomorrow then head home for a week off so I can do some research on supply and demand and maybe post some ideas and then we can all come up with a trading plan and and rules to follow and then see how we go
sounds pretty good micallef
i think the key to this system is to get familiar with the set ups …some zones have better odds for succes some have less …and after a time we will get an “eye” for good set ups and how to set the zone correct
now iam in this trade EUR USD Short
and right at the moment i saw maryo posted the same trade in his thread muhaha
hope it plays out well
this level were tested 2 times before…think this is not a good sign( fresh levels are better) but i couldnt withstand it
i have to make my own experience with that
[QUOTE=“Trueman23;743747”]sounds pretty good micallef i think the key to this system is to get familiar with the set ups …some zones have better odds for succes some have less …and after a time we will get an “eye” for good set ups and how to set the zone correct now iam in this trade EUR USD Short <img src=“http://forums.babypips.com/attachment.php?attachmentid=83562”/> and right at the moment i saw maryo posted the same trade in his thread muhaha hope it plays out well[/QUOTE] I was hoping it would go higher and then get in but when I looked again it had already turned so I missed that one
+50 pips … closed 1/2 position…sl to break even…
and here are a few more!
Any recommendations to why or why not to enter the above trades are welcome!
trade closed +160 Pips…
but the usd/cad were a looser with -50 pips
@r2 i will check your zones this evening … lets see if we have something similiar
The system works well so far. Just thinking may be we can add one or two indicators to confirm those entry and exit points. Say we use RSI, stochastic oscillator or Bollinger Bands
CADCHF - Hit SL
NZDCHF - Hit SL
NZDCHF - Hit SL
NZDCAD - +110pips
AUDJPY - Hit SL
GBPNZD - Hit SL
NZDUSD - Hit SL
Not a good day for me even though this was on a demo account. Most of my trades listed above were Commodity Pairs. Need to re-analyze why most of these didn’t work and what caused the drastic movements in the commodity pairs.
some sl for me to…kind of difficult to see which zones are profitable to trade and which are not…
the zones you marked in your charts are pretty similiar to my zones…except the chf pairs ( i do not trade them)
this weekend i will check how we could filter out the unprofitable and old zones…the solution is out there
Here is another thread from another site with a lot of information on supply and demand trading
That’s my GO TO thread for Supply and Demand! They have a few charting tools that are really helpful and he is also the guy who started the ‘Set and Forget’ website.
yes ,lots lots of information on the page
here is my AUD/NZD short…enter on Friday
and here AUD/JPY also from Friday evening …
Nice trades @Trueman
I didn’t enter the AUDNZD but I am in the AUDJPY trade from the same point you have on there
Here are a few more trades that I am in. All of them are profits as of now:
I have 3 trades entered for each of the pairs above. I will be setting my TP1 and TP2 now but for TP3 of all my trades, I will let it run until it has reached the corresponding supply or demand zone or my SL.
yeah all trades are in profit now…all zones look very promissing
…i think will do something like you does with the TP levels …3 Positions for a trade with 2 TP limits which are fixed and the last TP level will be trailed down/up until it hits a zone
happy piping