yeah i had that limit order there since last night,closed in profit also
Happy trading!! 
Just dropped in to say Hi.
BTW, are you trading live?
Ya, trading live, this week I increased my lot size because of I make profits last week, and now.....
I have 8combo since last night,
Don't know what I done wrong, the things I might wrong is trading too many pairs which are correlated.
- #33
- Dec 21, 2011 8:16am Dec 21, 2011 8:16am
- Joined Jan 2011 | Status: Senior Member - Pro FX Trader | 2,736 Posts
hi anthony, as a bread and butter supply and demand trader, i see that you are falling over the first hurdle of identifying a zone from a fake zone.
over 90% of the zones i see marked on your charts are pivot highs or pivot lows, these are NOT supply and demand areas, only a reaction to a already previous area.
Supply or demand must be a consolidation/base of price, followed by a surge away, a demand area for example wil not look like a V shape, thats a pivot low.
How about the last supply level of AUD/USD that I posted? Actually I draw 30m 1h 4h supply and demand level at a same chart, I just zoom in and out. So, it might look like a pivot on a larger time frame. But deankenny, I would like to ask you something, a base must include bull and bear candle right? I will show u another post with pic later.
- #36
- Dec 21, 2011 9:10am Dec 21, 2011 9:10am
- Joined Jan 2011 | Status: Senior Member - Pro FX Trader | 2,736 Posts
Thanks for your comment deankenny
ywa thats right, we must have a row of equilibrium between bulls and bears, check my latest trade on eurusd sell just as everyone thought we were going back to bullish. The supply leve i marked had a nice base and consolidation of both bulls and bears before the it was brokw to the downside showing strong supply/sellers
Can you please comment the pic below?
Thanks a lot deankenny
- #38
- Dec 21, 2011 9:50am Dec 21, 2011 9:50am
- Joined Jan 2011 | Status: Senior Member - Pro FX Trader | 2,736 Posts
May I know where can I check your trades? In which thread?
Can you please comment the pic below?
Thanks a lot deankenny
your first pic, you have to look harder and further into the story, yes its a v shape upside down and worked and i can tell u why, see my pic, the start of that area i marked is the "ORIGINAL" supply area, notice the consolidation and then push down, all price is doing now is just filling those sell orders left there everytime it gets there, of course more time it touches less sell orders there the next time, u have to look harder or you will get burned
How about the USD/CAD? the lowest chart, is it a high quality level?Thanks a lot dennkenny!!!
