usdcad running into an old / fresh supply zone on H1 !
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DislikedI am in a trade at the moment, didn't have the time post it before, sorry: {image} Price came into Supply zone on H1. I entered on M5 at the double top. My exits were defined by the fibonacci. 38.2 half of the position, 50 1/4 of the position. Rest is going for BE or bottom zone !Ignored
Disliked{image} Hi fellow traders, over 5months now i have been trading base on Supply and Demand with good profits to show. However, since i cant draw the zones properly, i use an indicator which i will attach to this post for anyone who needs it. I Buy from STRONG Demand zones and Sell from STRONG support zones. My daily target is only 10pips, then i multiply the order times 20 with TP only. {image} {file} {file}Ignored
DislikedHi fellow traders, A nice thread indeed. Once I auotmated the Insanity Industries Supdem indicator for the 28 pairs. But the results were not so much encouraging just because of two reasons. (i) Due to the appearance of temporary fresh SupDem Zones, I was having pre-mature un-desired exits. (ii) Sometimes Price reverses without touching the opposite SupDem zone, so this behavior was leaving some trades to be exitless. I will give a full reading to that thread as I believe that this thread has much valuable information then i was having before. And...Ignored
Disliked{quote} I don't like the demand zone at the bottom of the chart. Price action isn't clean there... too many wicks and hard to pinpoint where exactly price would react and reverse.Ignored
Disliked{image} Hi fellow traders, over 5months now i have been trading base on Supply and Demand with good profits to show. However, since i cant draw the zones properly, i use an indicator which i will attach to this post for anyone who needs it. I Buy from STRONG Demand zones and Sell from STRONG support zones. My daily target is only 10pips, then i multiply the order times 20 with TP only. {image} {file} {file}Ignored
DislikedHi fellow traders, A nice thread indeed. Once I auotmated the Insanity Industries Supdem indicator for the 28 pairs. But the results were not so much encouraging just because of two reasons. (i) Due to the appearance of temporary fresh SupDem Zones, I was having pre-mature un-desired exits. (ii) Sometimes Price reverses without touching the opposite SupDem zone, so this behavior was leaving some trades to be exitless. I will give a full reading to that thread as I believe that this thread has much valuable information then i was having before. And...Ignored
DislikedTwo opportunities in NZD pairs: Yellow entry Limit, Red Stop Loss {image} {image}Ignored
DislikedIt's not very clear if it's fresh or not fresh. But the thing we know is that there is a lot of supply in this area, so there is a chance that the price will turn. When we are not sure if it's fresh zone or not we can go to M15 or M5 to find a proper entry !Ignored