"A handful of patience is worth more than a bushel of brains"
Does being a Good Chess Player make you a better FX Trader 59 replies
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Trading is like (a)chess (b)poker (c)checkers (d)roulette? 52 replies
DislikedHello Iron Pawn, Good to see a thread about supply and demand. Are you guys are OTA graduates?Ignored
DislikedHi Iron Pawn, I am an OTA student. I am with you that a lot of practice is required. it has been more than a year that I practice supply and demand and just recently could reach to some certain rules in trading and believe me still struggling sometimes. I can share some of my trading setup and we can discuss about them. It is always worth to share the ideasIgnored
DislikedI am the beliver of supply and demand as well as fibo levels ( 61.8 and 72.8) this a short term setup for today {image}Ignored
DislikedGood morning Ladies and Gents, Just want to share USD-CHF in H1 time frame. There is a speed bump formed in H1 time frame followed by a rapid move away. The good thing is that, move away has not happened due to the news hence news also helped later on to continue the move. ( I personally avoid news base levels) Highlighted area is the supply zone in H1 time frame but upper black line identifies the end of trading zone and your stop should be little bit higher than upper black line. this will help your trade to be valid in H4 time frame as well....Ignored
DislikedHa Ha, the speed bump.... I love it. I wonder where you got that crazy term from.... Dude be careful, I'm still new at this... Now IP on the other hand really is on to some good stuff... Good luck brotha... {quote}Ignored
Disliked{quote} Hello JoeNY, Speed bump is a pattern. Basically it is a formation of neutral candle follow by a strong move away. This indicates a high degree of imbalance between supply and demand. Speed bump is a strategy that many traders are familiar with and follow in trades including big institutions. If you back test the speed bump on your chart you will see that in many cases we have at least a retracement from speed bumps. In supply and demand we try to find the zones which very likely price is going to turn back without any magic Cheers,Ignored
DislikedHa Ha, the speed bump.... I love it. I wonder where you got that crazy term from.... Dude be careful, I'm still new at this... Now IP on the other hand really is on to some good stuff... Good luck brotha... {quote}Ignored