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This forum is to discuss trading using supply and demand zones. This is all I use, I don't use any indicators. I will post trade setups, answer any questions on supply and demand zones, and hopefully we can share trade setups. The only problem trading with supply and demand is you can't run a scan looking for trade setups, it must be done manually. If a bunch of us learn how to find these high probability trades and share them we can lower the burden of finding trade setups. Also, for those of you who like using indicators, applying supply and demand to your current strategy will keep you out of many losing trades. I would love to demonstrate this to you. Post your losing trades including the day and time you entered the trade, why you entered the trade, where your stop was and where your target was. I will then show you how you may have avoided that trade.
This strategy works on any asset class. I'm looking forward to your posts.
Can you help answer these questions from other members on NexusFi?
Although I DO use indicators, I also depend on mkSupDemZones for Supply / Demand zones.
The attached is a 16 Tick RenkoHybrid bar chart (more or less equivalent to a 20 Range bar chart) with the mkSupDemZones set to Multi-Time-Frame and 30 Minute setting. Just sharing in case anyone is interested in trying out mk77ch's mkSupDemZones "indicator". It's in the NinjaTrader7 Indicators download section. Just search for "mkSupDemZones".
After all, it's what you learn AFTER you know it all, that counts!
After trying for years to day trade with tight stop loss- i have settled on a wide stop loss. For exmample 100 ticks
for CL and 20 handles for TF. These are disaster stop loss. If something fundamentally changes- i get out rather
than letting position get hit with disaster stop loss.
Fundamental change for me= If fresh new aggressive buyer show up, in case i am short.
I do not trade all size in and out. More like adding to position, scaling out. In other words managing a psoition/risk
via positon size.
One issue i will like to resolve ( if it can be resolved) is to have less intra day draw downs till positions gets turned
in my favour. I gues my issue is that i do not belive in levels to the tick as some traders do and jump up and down when price reaches their level to the tick. I belive in ZONES and they tend to be quite wide.
There may, indeed, be low volume at a Demand or Supply zones, until volume picks up and price starts going higher / lower, but I don't believe volume has any impact on where a Demand zone or Supply zones exists.
After all, it's what you learn AFTER you know it all, that counts!
