yeah
Keep your nice work.
Keep your nice work.
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DislikedThis morning on EURUSD
Buy @1.2239
SL 1.2227
TP 1.2273 :1.2257 is an important one also.Ignored
QuoteDislikedNow we have :
Above : 1.2202 (currently testing), 1.2217 (Low of yesterday), 1.2227-33 and then 1.2262.
Below : 1.2171 (new low I don't know where it comes from so I don't trade it), 1.2182 (old one) and then 1.2160.
DislikedHi Landre, I have looked very briefly at the ebooks you kindly posted and it appears at first sight that this supply and demand system is just another name for trading between support and resistance. I will read them further later and follow up my comment here if I change my view. But the way the system explains trading is totally sound and a good basis for learning. Glad to see your trades are turning positive. I didn't find anything useful at all in Dayboys posts (I mean nothing I could learn anything from) so am no longer following that - I am not interested in a signal serviceIgnored
DislikedYeah it looks like the same thing but the idea of swap level from the Kenneth Lee pfd is quite a good thing to spot levels.
You can learn from Dayboy posts : you need to understand where his levels come from. I don't know much about his trading strategy but from his graphs it looks like he's using kind of supply/demand levels. His trading is not that easy because you really need to be well disciplined and also to react quickly. I can't be sure but I won't be surprised if he's using sometime a 1minute chart. Ask him.
I have read that you are using...Ignored
DislikedWell all this type of trading is totally new to me but is certainly very interesting. I couldn't get anything out of anyone on Dayboys posts to explain what was going on, so of course in that context it was of no value to me at all. I am happy to give up indicators but I would need to replace them with another system, so I will continue with them for now until I decide to switch to supply/demand style - which I have yet to fully grasp.
I have been trading FX for about 2 years with little success but now need to make some money properly so am...Ignored
DislikedYes I am.
I understand that you keep your system until you fully understand the S/D one. Open a demo account and trade with it but even if it looks good it's not an easy one, in my case I'm still not making money consistently.
What's your TP/SL on that trade ? Don't forget the news coming in 15 min. You don't think that the moving average crossover is a bit lagging to open a short ? I mean we were next to the 1.224x and if you look at a 5m chart you should see this zone where the move up has been stopped for a moment this morning. So the pair...Ignored
DislikedI never set a TP level - I just wait until the indicators show it is going to reverse. The SL I set at the pivot level - in that trade it was at the yellow 3 level - so its an easy system to trade and on the 15 min timeframe, it has proved profitable for me. I cam out of that trade at 1.2234 - yes I was aware of the news. Interesting that supply/demand showed 2285 also - I certainly would have taken it there had I known.
Your English is amazing may I say ! My French is poor but I have been to France many times and I know enough to get by - which...Ignored
DislikedI'm currently living in Paris but I'm from Brittany (west part of France).
I'm sorry about my poor English, I hope at least that you understand the basic ideas of what I say.
Nice one for you trade. I trade the news also after the first bounce on the 1.2220, I opened a long at 1.2247 and I got stopped at 1.2220 (2nd attempt) : -27pips and then as the 1.2220 doesn't break I took another long at 1.2227 and I closed it at 1.2270 : +43pips. +16 pips on the news well trading the news is really risky and the reward is not that good . Now we are back...Ignored
DislikedNo no - I meant that your English is perfect - really good. I was last in Paris 4 years ago - took my mother on her first visit there, which she loved. I have been to Nantes and Le Mans which I think are in Brittany.Ignored
DislikedI agree - trading the news is very risky so it is rare I now do it. Its good to see your trades are now winning - do you hope to trade for a living? That is my goal but am a long way from it yet! You have certainly got me very interested in Supply/Demand trading and I will read these ebooks carefully and hope to be able to give you some constructive views on it and also your trades.Ignored