chankl78 Posted June 14, 2011 Author Report Share Posted June 14, 2011 I noticed none of the two indicators (supdem) and (il Supdem) refreshes. I think someone mentioned it here somewhere as well. And supdem.ex4 is protected and I can't edit it. Anyone here can make them refresh? At the moment I find supdem.ex4 indicator cleaner and slightly better. Anyone can help and give me some feedback? Thank you. p.s. To avoid people looking and asking for the indicators, please get them here: http://www.multiupload.com/MK5EETELU1 You know how to edit the codes? the II_SupDem is mq4 format I think It will be good if u can provide screenshot on SupDem.. wahahaah Smile Chankl78 Quote Link to comment Share on other sites More sharing options...
hedgehog Posted June 14, 2011 Report Share Posted June 14, 2011 You know how to edit the codes? the II_SupDem is mq4 format I think It will be good if u can provide screenshot on SupDem.. wahahaah Smile Chankl78 Simple editing only. Professional work - no, no. Chan the Il SupDem indicator draws out a lot of S&D. Have you used the SupDem? Which do you think is better? Of course if one can draw their own it is best but for me I rely on the indicator simply because I tend to scan a lot of pairs. I suppose if you are only trading a handful of currencies, then drawing manually is not difficult. I used to do it, then I got tired (and lazy). p.s. Chan are you from KL? I know you are in S'pore but name is chankl. Half of S'pore are made out of Malaysian anyway :-) Quote Link to comment Share on other sites More sharing options...
alright Posted June 14, 2011 Report Share Posted June 14, 2011 I noticed none of the two indicators (supdem) and (il Supdem) refreshes. I think someone mentioned it here somewhere as well. And supdem.ex4 is protected and I can't edit it. Anyone here can make them refresh? At the moment I find supdem.ex4 indicator cleaner and slightly better. Anyone can help and give me some feedback? Thank you. I didnt know there were 2. I only used the II and wasnt particularly impressed with it. The supdem.ex4 looks much more neat and seems to fit the price better, so I definitely like it more, thanks. Unfortunately I dont have any idea how to help about refreshing, sorry. I tried to unlock it with a decompiler, as I suppose you did as well, and had no luck. :( hedgehog 1 Quote Link to comment Share on other sites More sharing options...
hedgehog Posted June 14, 2011 Report Share Posted June 14, 2011 (edited) Here's an example o nthe EURGBP pair. If you notice, there are some levels not drawn by II_SupDem and trades were missed. Unless they were erased or repainted. Do you guys use both the indicators or just he II_SupDem only? The BIGGER Image is here: http://postimage.org/image/1fjiq04ck/full/ http://s3.postimage.org/q8t2qnnqr/eurgbp.gif Edited June 14, 2011 by hedgehog chankl78 1 Quote Link to comment Share on other sites More sharing options...
alright Posted June 14, 2011 Report Share Posted June 14, 2011 I stopped using the II_SupDem some time ago as it was drawing too many levels for my taste. The supdem seems to draw more precise eones, although I've only used it today after you posted it. Of course drawing them manually would be much better but I think this one could help a bit. Will keep testing it. chankl78 1 Quote Link to comment Share on other sites More sharing options...
chankl78 Posted June 14, 2011 Author Report Share Posted June 14, 2011 I quite like SupDem too... I not really bothered by refresh problem.. cos once that area is broken, it is good as gone.. Also even with this indicator, we have our own judgement to make whether we should follow or not... Those areas that's being attacked so many times, i dun really bothered to use that... Hand drawn is still the best.. Now, i am getting use to look at those area miss out by the indicators... Smile Chankl78 Quote Link to comment Share on other sites More sharing options...
chankl78 Posted June 14, 2011 Author Report Share Posted June 14, 2011 Simple editing only. Professional work - no, no. Chan the Il SupDem indicator draws out a lot of S&D. Have you used the SupDem? Which do you think is better? Of course if one can draw their own it is best but for me I rely on the indicator simply because I tend to scan a lot of pairs. I suppose if you are only trading a handful of currencies, then drawing manually is not difficult. I used to do it, then I got tired (and lazy). p.s. Chan are you from KL? I know you are in S'pore but name is chankl. Half of S'pore are made out of Malaysian anyway :-) I like the SupDem.. it is nicer & cleaner... not much of signals which i like also this are the areas which i concentrate in SupDem... Now, i love trading H1.. Already switched from II_SupDem to SupDem... I now trading EU, GU, Gchf only... I am also lazy person.. So I prefer indicators to draw for me.. I am a pure singaporean.. wahahaha.. Quote Link to comment Share on other sites More sharing options...
gringoh Posted June 14, 2011 Report Share Posted June 14, 2011 I totally agree with you alright, the supdem indi is much metter. I would add that at the moment I am testing it with the level from the H4 TF (forced.tf = 240). Quote Link to comment Share on other sites More sharing options...
JimJamBonks Posted June 14, 2011 Report Share Posted June 14, 2011 (edited) 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 Edited June 14, 2011 by JimJamBonks hermanhess, hedgehog, sherlock1713006318 and 2 others 5 Quote Link to comment Share on other sites More sharing options...
JimJamBonks Posted June 14, 2011 Report Share Posted June 14, 2011 (edited) 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 Edited June 14, 2011 by JimJamBonks hedgehog, Forexpro1713006044, chankl78 and 2 others 5 Quote Link to comment Share on other sites More sharing options...
alright Posted June 14, 2011 Report Share Posted June 14, 2011 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. ;) KING_BUNDA, Forexpro1713006044, hedgehog and 1 other 4 Quote Link to comment Share on other sites More sharing options...
whakamaru Posted June 14, 2011 Report Share Posted June 14, 2011 (edited) whakamaru: It matters not what else you need to know. The Demand and Supply method is pretty rule-based. The rest is pretty discretionary. You will gain by reading up on patterns, candles, etc but over time, in my opinion, nothing can better experience. So don't come into this industry thinking you can use one or two magic indicator and or system and be a millionaire in a year or want to compound 1% per day. That's noob thinking. I have been trading for most part of my life as an institutional trader and am still learning. Like I said stick to ONE method, use RISK MANAGEMENT (never over-exposed yourself) and learn along the way. 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. Edited June 15, 2011 by whakamaru KING_BUNDA 1 Quote Link to comment Share on other sites More sharing options...
hedgehog Posted June 15, 2011 Report Share Posted June 15, 2011 Best place to learn is here whakamaru. Lots of experts ;-) Quote Link to comment Share on other sites More sharing options...
hedgehog Posted June 15, 2011 Report Share Posted June 15, 2011 (edited) Found a setup but not sure if it a very good one, but one to watch nonetheless. The level directly above it at 1.08664 would be the best if prices goes back up there, but in the meantime, this is it. Feedback appreciated. http://www.freeimagehosting.net/image.php?8a77eead63.gif http://www.freeimagehosting.net/uploads/th.8a77eead63.gif Edited June 15, 2011 by hedgehog Quote Link to comment Share on other sites More sharing options...
whakamaru Posted June 15, 2011 Report Share Posted June 15, 2011 Hi I have been going through the webinars and Supply & Demand Trading Journal by 60minuteman and one of the things mentioned is that you don't cut through the candles when drawing the supply and demand zones. I have noticed that Sam some times cuts through the candle bodies. So is this a valid rule of not cutting through the candle bodies or can this be a discretionary rule? Quote Link to comment Share on other sites More sharing options...
chankl78 Posted June 15, 2011 Author Report Share Posted June 15, 2011 Hi I have been going through the webinars and Supply & Demand Trading Journal by 60minuteman and one of the things mentioned is that you don't cut through the candles when drawing the supply and demand zones. I have noticed that Sam some times cuts through the candle bodies. So is this a valid rule of not cutting through the candle bodies or can this be a discretionary rule? Nope.. the cannot cut thru the candles is defined by Sam Seiden not 60minuteman. 60minuteman is following Sam Seiden closely. If there any cuts thru, I think it is not that significant. It is just 1 or 2 candles in that same area.... Smile Chankl78 Quote Link to comment Share on other sites More sharing options...
whakamaru Posted June 15, 2011 Report Share Posted June 15, 2011 Nope.. the cannot cut thru the candles is defined by Sam Seiden not 60minuteman. 60minuteman is following Sam Seiden closely. If there any cuts thru, I think it is not that significant. It is just 1 or 2 candles in that same area.... Smile Chankl78 I have seen Sam sometimes cut through some of the candle bodies in his webinar Quote Link to comment Share on other sites More sharing options...
chankl78 Posted June 15, 2011 Author Report Share Posted June 15, 2011 I have seen Sam sometimes cut through some of the candle bodies in his webinar He does... but the candles he cut thru is not many either I think. Smile Chankl78 Quote Link to comment Share on other sites More sharing options...
alright Posted June 15, 2011 Report Share Posted June 15, 2011 Found a setup but not sure if it a very good one, but one to watch nonetheless. The level directly above it at 1.08664 would be the best if prices goes back up there, but in the meantime, this is it. Feedback appreciated. http://www.freeimagehosting.net/image.php?8a77eead63.gif http://www.freeimagehosting.net/uploads/th.8a77eead63.gif 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... chankl78 and hedgehog 2 Quote Link to comment Share on other sites More sharing options...
alright Posted June 15, 2011 Report Share Posted June 15, 2011 I also just realised that according to the way the levels are drawn by the supdem indi there should still be a level in that same area on H1 at the moment I'm typing. That's one more proof we shouldn't trust that indi blindly. The eyeball is still the best... ;) P.S. - II_supdem does show it instead, although the one I drew starts from an older point http://img7.imageshack.us/img7/5107/201106151053.png Quote Link to comment Share on other sites More sharing options...
JimJamBonks Posted June 15, 2011 Report Share Posted June 15, 2011 (edited) 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 Edited June 16, 2011 by JimJamBonks juicyt 1 Quote Link to comment Share on other sites More sharing options...
juicyt Posted June 15, 2011 Report Share Posted June 15, 2011 Nice chart. Have you considered trading lower TF up to that supply zone? Or are you happy to trade the 4hr only? Also, did you use higher TF analysis at all? Regards Quote Link to comment Share on other sites More sharing options...
JimJamBonks Posted June 15, 2011 Report Share Posted June 15, 2011 And for those interested I'm also currently in this EURJPY long based on the 15min chart http://img143.imageshack.us/img143/3769/15062011eurjpylong.jpg Quote Link to comment Share on other sites More sharing options...
alright Posted June 15, 2011 Report Share Posted June 15, 2011 One more consideration: looking at those same pictures, II_supdem.mq4 is actually behaving according to the way I tested the supdem.ex4 yesterday. So apparently something wrong with the supdem.ex4, making it look like the II_supdem.mq4 does refresh live some way and the supdem.ex4 doesn't. This doesn't explain why the Strategy Tester displays it differently (or maybe it does explain, since the data are already stored in the PC? This is why the tester is not actually reliable to prove if an indi repaints live). Quote Link to comment Share on other sites More sharing options...
JimJamBonks Posted June 15, 2011 Report Share Posted June 15, 2011 JuicyT - I trade all timeframes as the setups present themselves to me. I keep all my trades to 1% risk so just alter my position size to match the 1% risk amount. I do prefer lower timeframes and in fact I took a long on the AUDJPY 5min earlier today, but the setups aren't always there or more usually I just miss them by not concentrating hard enough. :) Quote Link to comment Share on other sites More sharing options...
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