Supply and Demand trading with Fibs

2017 Update: I pride myself on posting charts beforehand, followers will know that I am incredibly accurate, however I do emphasize that I do not want this thread to be a signal service and I urge all users to post and contribute to supply and demand rather than just profit from the charts I post.

Hi, many of you may already know me from postings in James16's thread and Rockys Trading Made Simple, No Lagging Indicators thread.

I've had some decent success combining the two techniques and have now created a free-to-join room on Skype to discuss trading ideas, from 5-minute scalping trades all the way to longer-term trades such as daily trading. I've also added a live trading webinar room where you can see my live desktop as I trade right in front of your eyes.

Many traders ask other traders who have created a method/system that claims to be profitable to look at their statements to see if they are actually profitable and telling the truth, please note they never show you the statements, all they have to do is black out the account number and show it, but they never do that. I will do better! Instead of showing you my printed statement, I'm going to show you my live screen with my live account all loaded and logged in to see my balance profit trades, whatever you want! IM honest and truly profitable with living proof

I shorted eurgbp using these combinations last night and made an easy 50 pip profit.

I have since started scalping using the same technique on the 5 minute tf and discovered something interesting, that the 50 and 61 retracements of the long term move on the 5 minute tf mixed with supply or demand areas are very respectable for easy 10-15 quick points.
Another method is the exact same supply and demand, using 1 hour or more to reach the set target, which is more successful than scalping

So let's share ideas in the group and even trade together.

I will be sharing my trades on twitch in the future www.twitch.tv/deankenny
So please come and join us, it's free. You can use a sub if you wish, but it's not mandatory.

Join the Twitch Trading Room for free: www.twitch.tv/deankenny
Join the Live Trading Room for free for real-time chart analysis

I don't have any live webinars planned at the moment, but here are a few recorded sessions that are very long and each last the entire trading day.

enjoy

I now believe that the ANYMEETING recording has expired, but one of my followers managed to capture about 2 and a half hours of footage from my recording, which I will link below.





September 26, 2011
http://www.anymeeting.com/deankenny/E953D7868946

September 27, 2011
http://www.anymeeting.com/deankenny/E953D687834F

September 28, 2011
http://www.anymeeting.com/deankenny/E954DF84864C

September 30, 2011 11:00 am
http://www.anymeeting.com/deankenny/E954DD808846

October 2, 2011
http://www.anymeeting.com/deankenny/E954DC818849

October 3, 2011
http://www.anymeeting.com/deankenny/E954DC82824C

Mid-2016 Update

As many of you know, I had to give up sharing and live streaming the funding of a deal for a major Canadian record label, and there were areas in my contract that did not allow me to share or live stream my deal anymore.

As of mid-2016, after many years of fund trading, I was back trading my own funds and a few private funds in the UK.
I hope to become more active again in this post and share all the knowledge I have gained since trading large fund accounts.

The webinars and live streams I did in 2011 were one of the most transparent on FF, I showed not only my trading account in full, but everything I did on Facebook, Twitter, emails to family, etc. and people really lived with me as an up and coming trader. I was working as a taxi driver and opened the account for $200 and when I left to trade funds the account was at $4,265.44

I'm trying to find a way to have these transparent streams again, but, while I don't mind followers seeing how much money I have in my own account, since I trade private funds, from family members to businesses, I certainly can't show that on the screen, so I'm trying to figure out how to work around this to set something up.

Proof of the deal: Now this is an annoying question, my whole point has never been to pick and show everything live, that's why I live stream it, nothing shows the evidence better than live streaming, I thought the webinars were saved forever, after clicking on them today they don't seem to work. Many of my original followers will remember my early success, chime in if you can, and if any of my early followers have screenshots or even recorded my live streams, please post them or mail them to me so I can feature them at #1 page so new followers can join the topic.

My bread and butter is using a daily chart, marking monthly and weekly areas, and entering 4 hours. My original scalping method in this article was to quickly show supply and demand success without having to wait for hours for a setup, scalping of course still works today, but as a long term trader I personally trade higher time frames.

For all of these examples and teachings I do, I will always use "live" charts. Not a chart culled from history.

So I bet many of you will have seen methods or teachings using candlestick formations/patterns. Wait for price to hit support or resistance, create a pinbar to confirm, and click buy/sell.

Now looking at the chart below, we see the red line, which most teachings would say was resistance has now become support. When the price comes back to this line we can see a lovely level of demand and we know there is a certain amount of buy orders, we don't know if it is small or large but as S and D traders we know there is a buy order here. Now, as supply and demand traders, we would buy here and go long. For most other traders, they will see this pinbar/hammer pattern and enter the trade much later, over 30 pips in fact! ! ! ! ! ! Currently, a supply and demand trader's profit will be 50 pips, while a candlestick trader's profit will be much less and may not be anywhere near a trailing stop or profit taking position. At 50 pips, our supply and demand trader has at least adjusted the stop loss to breakeven and now we have a "risk-free" trade.

Go find yourself, go away now and look at your charts, look for these candlestick patterns and look to the left, I guarantee you this will be a real eye opener