NexusFi: Find Your Edge


Home Menu

 





Trading With Supply and Demand


Discussion in Traders Hideout

Updated
      Top Posters
    1. looks_one kbaker9247 with 16 posts (14 thanks)
    2. looks_two Joseph Connors with 4 posts (1 thanks)
    3. looks_3 TheWizard with 4 posts (11 thanks)
    4. looks_4 supermht with 3 posts (0 thanks)
      Best Posters
    1. looks_one TheWizard with 2.8 thanks per post
    2. looks_two kbaker9247 with 0.9 thanks per post
    3. looks_3 Itchymoku with 0.5 thanks per post
    4. looks_4 Joseph Connors with 0.3 thanks per post
    1. trending_up 26,568 views
    2. thumb_up 27 thanks given
    3. group 18 followers
    1. forum 42 posts
    2. attach_file 8 attachments




 
Search this Thread

Trading With Supply and Demand

  #21 (permalink)
 kbaker9247 
Moline IL USA
 
Posts: 22 since Jul 2014


supermht View Post
thank you, but how do you define demand zone?

When price moves into and out of an area rapidly as it did here that shows us there is a strong imbalance between supply and demand at 53.00. We either draw our zones by surrounding the candle on the daily chart or drill down to the hourly chart if this zone is too big. If we used the hourly chart the zone would be from from 52.99 to 53.32 which is a narrower zone. (By drilling down to the hourly chart I noticed the bottom of the zone was actually 52.99 not 53)

If price breaks through 52.99 then we know that imbalance is no longer there and we have no reason to be in the trade anymore.

Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Futures True Range Report
The Elite Circle
New Micros: Ultra 10-Year & Ultra T-Bond -- Live Now
Treasury Notes and Bonds
Better Renko Gaps
The Elite Circle
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
65 thanks
Funded Trader platforms
40 thanks
Battlestations: Show us your trading desks!
29 thanks
NexusFi site changelog and issues/problem reporting
23 thanks
The Program
19 thanks

  #22 (permalink)
 
Joseph Connors's Avatar
 Joseph Connors 
Colorado Springs, CO USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Ninjatrade
Trading: Futures
Frequency: Many times daily
Duration: Minutes
Posts: 134 since Jul 2012
Thanks Given: 93
Thanks Received: 106


kbaker9247 View Post
When price moves into and out of an area rapidly as it did here that shows us there is a strong imbalance between supply and demand at 53.00. We either draw our zones by surrounding the candle on the daily chart or drill down to the hourly chart if this zone is too big. If we used the hourly chart the zone would be from from 52.99 to 53.32 which is a narrower zone. (By drilling down to the hourly chart I noticed the bottom of the zone was actually 52.99 not 53)

If price breaks through 52.99 then we know that imbalance is no longer there and we have no reason to be in the trade anymore.

This sounds like Sam Seiden at Online Trading Academy. What sort of win rate do you experience with this strategy?

Persistence! Nothing in the world can take the place of persistence.
Talent will not ... nothing is more common than unsuccessful men with talent.
Genius will not ... Unrewarded genius is almost a proverb.
Education will not ... The world is full of educated derelicts.
Persistence and determination alone are omnipotent!
Calvin Coolidge
Reply With Quote
  #23 (permalink)
 
trendisyourfriend's Avatar
 trendisyourfriend 
Quebec Canada
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG
Trading: ES, NQ, YM
Frequency: Daily
Duration: Minutes
Posts: 4,527 since Oct 2009
Thanks Given: 4,171
Thanks Received: 6,018



Joseph Connors View Post
This sounds like Sam Seiden at Online Trading Academy. What sort of win rate do you experience with this strategy?

Typically when you trade such a strategy you aim for a minimum of 3:1 reward vs risk so the win rate is less important. The challenge is to find opportunities. Using this technique on Futures only would not provide lots of opportunities.

Reply With Quote
  #24 (permalink)
 
aligator's Avatar
 aligator 
Las Vegas, NV
Market Wizard
 
Experience: Advanced
Platform: Abacus, Slide Rule, HP-65
Trading: Futures, Stocks, Options
Posts: 3,615 since Aug 2010
Thanks Given: 1,071
Thanks Received: 5,988


kbaker9247 View Post
I have an e-book that I wrote. If Mike is ok with me posting it I will. (Mike, I can remove the last page that references my web site)

@kbaker9247,

If you want mike to see your post place an "@" in front of his name, such as @Big Mike, then he will see your post.

Visit my NexusFi Trade Journal Reply With Quote
  #25 (permalink)
 
DavidHP's Avatar
 DavidHP 
Isla Mujeres, MX
Legendary Market Wizard
 
Experience: Advanced
Platform: NinjaTrader
Broker: Ninjatrader / Optimus Futures / AmpFutures
Trading: ES / 6E / 6B / CL
Frequency: Every few days
Duration: Minutes
Posts: 1,609 since Aug 2009
Thanks Given: 11,327
Thanks Received: 2,743


kbaker9247 View Post
I have an e-book that I wrote. If Mike is ok with me posting it I will. (Mike, I can remove the last page that references my web site)

@kbaker9247 Didn't you post this earlier?
I have a copy of it that was downloaded from futures.io (formerly BMT).
"We don't need no stinkin indicators" by K Baker

Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
Follow me on Twitter Reply With Quote
  #26 (permalink)
 
TheWizard's Avatar
 TheWizard 
Houston, TX
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Optimus Futures, AMP, CQG
Trading: 6E
Posts: 1,731 since Jun 2009
Thanks Given: 517
Thanks Received: 4,224


DavidHP View Post
@kbaker9247 Didn't you post this earlier?
I have a copy of it that was downloaded from futures.io (formerly BMT).
"We don't need no stinkin indicators" by K Baker

I downloaded it, too. Saw the post early one morning, downloaded it & then POOF! the post magically vanished. I PM'd Mike & asked what was up with that & he said "Removed - Self promotion". Glad I caught it before it disappeared (much like MedianRenko posted by Roonius years ago - caught just before the post disappeared). Interesting e-book, but much the same as Sam Seiden of Online Trading Academy touts.

Same as I mentioned in an earlier post regarding mk77ch's indicator: mkSupDemZones.

It draws the S/D levels automatically. I use it every day.

Perhaps it would be best to PM the e-book to those interested. Just a suggestion.

After all, it's what you learn AFTER you know it all, that counts!
Reply With Quote
Thanked by:
  #27 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,393 since Jun 2009
Thanks Given: 33,172
Thanks Received: 101,530

No magic. Simple -- deleted for self-promotion. No conspiracy theory.

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
  #28 (permalink)
 
Joseph Connors's Avatar
 Joseph Connors 
Colorado Springs, CO USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Ninjatrade
Trading: Futures
Frequency: Many times daily
Duration: Minutes
Posts: 134 since Jul 2012
Thanks Given: 93
Thanks Received: 106


trendisyourfriend View Post
Typically when you trade such a strategy you aim for a minimum of 3:1 reward vs risk so the win rate is less important. The challenge is to find opportunities. Using this technique on Futures only would not provide lots of opportunities.


Win rate and risk/reward go hand in hand. One doesn't tell you much without the other.

Persistence! Nothing in the world can take the place of persistence.
Talent will not ... nothing is more common than unsuccessful men with talent.
Genius will not ... Unrewarded genius is almost a proverb.
Education will not ... The world is full of educated derelicts.
Persistence and determination alone are omnipotent!
Calvin Coolidge
Reply With Quote
  #29 (permalink)
 kbaker9247 
Moline IL USA
 
Posts: 22 since Jul 2014

Buy as close to 15.18 as possible. Close position if it breaks through 15.18.
Target exit 16.30. (Swing trade)
The closer price gets to 15.18 the higher the reward to risk ratio.
Day traders: if price gets close to 15.18 with plenty of time left in the trading day this could be a good day trading opportunity. If price hits 15.18 -15.20 and starts to turn buy with a very small stop. If price turns against you and breaks 15.18 close the trade.


Reply With Quote
  #30 (permalink)
 spiderbyte87 
Portland, OR
 
Experience: Intermediate
Platform: Ninjatrader
Trading: CL
Posts: 82 since May 2013
Thanks Given: 17
Thanks Received: 48


how do you calculate targets?

Reply With Quote





Last Updated on May 1, 2023


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts