DislikedGbp/Jpy, nothing spectacular so far but quite safe to trade. {image}Ignored
-milkeyway
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
DislikedGbp/Jpy, nothing spectacular so far but quite safe to trade. {image}Ignored
Disliked{quote} Hello SSS, From the school I learned supply and demand, they always say that news levels do not represent the origin of imbalance between supply and demand. In some class A news such as NFP you always see a super strong candle created. these types of candles are not the consequence of normal market condition where demand exceeds supply ( demand zone) or supply exceeds demand ( supply zone). These candles forms because of low volume of the market. Always remember at the news time smart money goes out of the market and wait for the out come...Ignored
DislikedAnother sweet trade today, probably around 3 digits by now... Eur/Jpy. Closing the shop for some time. Not sure when will I post again. All the best folks! IP {image}Ignored
Disliked{quote} hello Danial, Sorry for the late reply ,but i was tied-up with trading and other work.and its really great 2 have a healthy discussion,keeps u on your feet. well i follow the school of supply and demand inventor "Sam Seiden". letme answer your questions inline with ur response. Hello SSS, From the school I learned supply and demand, they always say that news levels do not represent the origin of imbalance between supply and demand. In some class A news such as NFP you always see a super strong candle created.my school...Ignored
Disliked{quote} Nice trades bro. I also trade supply and demand. But the thing confuses me that sometimes price respect supply/demand and sometimes not. If S/D is not tested previously then it is high probability of price reaction at that level. But I am unable to find the answer how to know when price will respect S/D and when not.Ignored
Disliked{quote} This time they worked out fine... sometimes they don't and I'm ok with it. I know what you mean, but it comes with time, I guess. Best of luck bro!Ignored
Disliked{quote} Do you mean I will able to know them when I will get lot of experience.?Ignored
Disliked{quote} actually its not neccessary to know if a level holds/works or not.. its just a mather of losing less when it doesent and win alot more when it does.. but yea.. u can actually change the odds drastically in your favour.. if you know how to read / judge the market by its own actions towards and at those levels.. but u need to setup a trading plan which suites you and your personal skills/characteristics.. to actually make money out of it.. ie. results= market understanding x (you + trading strategy).Ignored