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After having spent some time watching the supdem.ex4 with the strategy tester on small TF's I think I understand how it works. Basically as soon as a new extreme is formed on a bar close (top or bottom) the old level is deleted and a new one starts to draw, until a new extreme is formed, starting a new cycle. So, it's less intelligent than what it might look like at a first glance, and then a bit dangerous to be traded on its own. But we knew that already, didn't we? I don't know how the II_SupDem.mq4 works though as I see different levels and don't have time at the moment to check it with the same procedure. Just wanted to bring this to the general attention for people who might be using it. ;)

This is the end result of the EURJPY trade posted earlier. I decided to brave the US CPI news and let the trade ride it. Took a 1:1 1st half profit in the news aftermath and hung on to the 2nd half in the hope it might make it but in the end it was stopped out so trade ended up breakeven across both halves.. I suspect the EURJPY may well take a kick up off the level below my 15min entry - but I didn't take it... The USDCHF 240min short trade setup posted earlier actually triggered and is currently in play and about 20 pips in profit... The issue of news is an interesting one. I generally try to find trades and then let them run regardless of what news is happening (except NFP & FOMC, ECP BoE interest rate announcements). Needless to say ignoring news is easier on longer timeframes but the idea is to have a plan to find setups & then let them run to a conclusion based on the original setup's stop loss & profit objectives. There's no way of getting optimum exits every time and I generally find that if I 'over manage' my trades on small timeframes then I make a mess of them - far better just to trust the original premise and reap the combined benefits in the long run. http://desmond.imageshack.us/Himg684/scaled.php?server=684&filename=15062011eurjpylong2.jpg&res=medium

Remember my analysis has been done in hindsight but it looks like there was a more effective area (gray) before reaching the level marked by you and the second touch was just a touch and run, suggesting for more supply still waiting to be satisfied, http://img819.imageshack.us/img819/1449/201106151037.png as supported by the daily picture as well http://img8.imageshack.us/img8/1688/201106151038.png What I mean to say is that sometimes we look for distant and bigger levels and lose sight on closer ones. Happening to me all the time...

Another example from yesterday. EURUSD Long. The demand zone was actually touched on Friday but I didn't want to open it just to hold it over the weekend. When price opened on Monday morning without any major gapping I entered long in the knowledge that the previous fast drop down into demand left no real supply levels nearby and a very agreeable reward/risk ratio of about 4:1. Of course they don't always work but if you choose levels on the extremes with good profit potential and with the correct wholesale vs retail mindset then I think you'll find your results over a bunch of trades is very positive. http://img30.imageshack.us/img30/7820/13062011eurusdlong.jpg

I'd suggest you dispense with the indicators and just try to see the levels for yourself.. All the rules are laboriously set out in the materials shared earlier. The chart below is the GBPUSD trade I'm currently in. The origin of the move down was qualified by the brief touch and quick fall away at Point 1. That particular pattern helped define the origin and thus where the horizontal lines and subsequently where my limit order short was placed at point 2. This also happened to be a small surge up in price into a supply zone at the beginning of the London session - essentially this was a retail trader trap. The two blue lines below are my profit targets. As it happens the first half target has just closed. Both of the profit targets are placed just above the origins of the opposing demand areas.. How you individually manage such trades is an individual preference but I think the time spent in finding quality levels at extremes on the 'curve' without the distraction of an indicator is time well spent. http://img5.imageshack.us/img5/6530/14062011gbpusdshort.jpg

As promised This is T_PM.II Educator is Greg Capra Video 1 http://www.mediafire.com/?1cbvqje47wa02db Video 2 http://www.mediafire.com/?dswdpvw4rmnmppo

Yeah - sorry about the size of the charts. That's the biggest I can get them whilst having them sit easily within the forum format. I did consider the lower level you mention but I also figured the 15 min level had relatively good shape and a nice, quick rally away from it. Also the drop into the area earlier today was sharp and looked promising. As it happens that level gave about 30 pips from about a 20 pip zone. I guess I may have been a bit too greedy with what was on offer but looking back on it, it still looks like a good trade that just didn't work - and I can live with that. :)

Wahahaha.. Actually, I have converted to use supdem instead of II_SupDem... It is so much cleaner... As I have mentioned... I only use Forcedtf =60.. I have no problem trading with that. It will refresh whatever... But, it is still up to me to take the trade or not... Knowing where is the area of support & resistance & how to draw helps. Cos Indicators still miss some of the level. Ultimately... there is no perfect indicators.... It is up to u to decide how u going to use that to assist you. Sam Seiden's method is so far the best... I always use it to trade the extreme level... I do not care about the area in the middle... Cos R&R is always not that good... Let the trade come to you.. You will be rewarded after that.. Wahahhaa.... I will do try to make some trade calls like JimJamBonks.. wahhaa.... Indeed it is very challenging cos u will be worry about what happened if this trade failed... wahhaa... But.. This will make me & encourage me to find the best setup.. wahhahha Good luck to all.. Smile Chankl78

I have the impression the II_SupDem draws obeys better to the "most recent higher gigh/lower low" rule (although still doesn't refresh), while the supdem might have some bugs. Neither is better than eyeballing IMHO, so I'm afraid we still need to put some effort in spotting the best levels; I see the help provided by the indi very limited.

Of course it's very easy to show trades after the fact. So here's a trade I have waiting to fulfil. USDCHF 240min Limit Order Short at 0.8516 Stop at 0.8550 Target 1 - 0.8456 Target 2 - 0.8376. I have the orders already in place. However I'm looking for price to make a clean move up towards the supply zone. If price congests for too long just below the entry level then this may upset the profit potential and so I may pull the orders... It's a 4 hour chart so only time will tell. EDIT: Oops. Just realised I stated the stop loss was at 0.8550. Actually that was the top of the supply zone and the stop loss was actually at 0.8556 which means this trade is still in play. It doesn't means it's going to be a winner - it just means it's not beaten yet - though it's taken two near misses as of 08:00 GMT 16 June 2011. http://img193.imageshack.us/img193/3703/15062011usdchfshortlimi.jpg

hedgehog Thanks for the advice. I agree with you on experience. I am not looking for the magic indicators, I have tried some indicators and they don't work that well, for me anyway. I just want to get a good understanding of how all this all works, especially identifying the correct major supply and demand levels. I think that this is the most important part and then next managing the trading.

i made an extra mirror hope to be helpful http://filekeen.com/74mmj4n12jak/Joe_DiNapoli_-_DiNapoli_Levels_DVD_Training_Course.part1.rar.html http://filekeen.com/cqyngz6tu88w/Joe_DiNapoli_-_DiNapoli_Levels_DVD_Training_Course.part2.rar.html http://filekeen.com/n41cpwi68hrc/Joe_DiNapoli_-_DiNapoli_Levels_DVD_Training_Course.part3.rar.html http://filekeen.com/nb353jxxlwn8/Joe_DiNapoli_-_DiNapoli_Levels_DVD_Training_Course.part4.rar.html