Dear Mates,
I am here new with supply and demand. I guess it may be like swing trading / bounching level trading. when price fall down from a certain price level it called supply or demand depending trading is up or down.So price back up later ( may it today or next day) fill up the gaps where to or from it moved ago.
My questions are:
Am i wrong? if yes then where ?
I have read PhAnTi' e book from this forum who i think 1st thread about supply and demand in Forex factory
I have also read niteshift02 thread with supply and demand.
But i am not still read all thread here by Julexo who just master for scalping with supply and demand.
I have been facing problem about sl and tp and exact entry level... can anybody suggest me?
When price start from daily pivot it goes up or down and reached 95% time at R1 ( below 1 pips) and S1 ( break 1 pips down) ( see investopedia.com) then it may be said that if price down from or up from R/S those are supply or demand?
Luckily got out with 50+ pips on the spikes. Again reloaded at 1.6136. Still Expecting above 1.62XX though PA behave crazy
Ignored
I had the same issue but reloaded longs at 1.6115. all we need is a doji close on weekly to invalidate the previous pin bar. This means a close @ 1.6168 or above will give bulls strength to push upwards. Looking for 1.65 - 1.66