Price Will Tell - Supply/Demand Price Action Trading

Quoting simond2002

Disliked

{quote} Frank, I'll put something together over the weekend. Regards, Simon

Ignored

Quoting By_Tor2114

Disliked

Something to watch. {image}

Ignored

Quoting simond2002

Disliked

{quote} CAD news in 8 minutes Edit: apologies, you'd already factored the news in on your chart

Ignored

Quoting COGSx86

Disliked

{quote} still pretty calm for USDJPY EURUSD had a bit of movement broke the channel, with retest. Demand over coming Supply {image}

Ignored

Quoting simond2002

Disliked

Decision Point Edit: The original post was a bit long and wordy. It seemed much more erudite to just say that the market is made of lots of so-called Decision Points. A Decision Point to me is the PA (in its various forms) that sets up the ongoing breakouts as price moves between the major swing points (supply and demand "zones") on a price chart. Hopefully the simple drawing below will assist. {image}

Ignored

Quoting simond2002

Disliked

Decision Point Edit: The original post was a bit long and wordy. It seems much more straightforward to just say that the market is made up of lots of so-called Decision Points. A Decision Point to me, however, is the PA (in its various forms) that sets up the ongoing breakouts as price moves between the major swing points (supply and demand "zones") on a price chart. Hopefully the simple drawing below will assist. {image}

Ignored

Quoting simond2002

Disliked

Decision Point Edit: The original post was a bit long and wordy. It seems much more straightforward to just say that the market is made up of lots of so-called Decision Points. A Decision Point to me, however, is the PA (in its various forms) that sets up the ongoing breakouts as price moves between the major swing points (supply and demand "zones") on a price chart. Hopefully the simple drawing below will assist. {image}

Ignored

Quoting simond2002

Disliked

The Initial Discomfort of Simplicity There's a cognitive dissonance that exists in trading; "If trading is so simple why can't I see it?" Herein lies a truly bizarre dichotomy. The comfort of complexity in an indicator riddled price chart is a much easier phenomenon to accept than the initial discomfort of simplicity in a naked price chart. For some strange reason, we humans just don't seem able to get on with the idea that something can be simple. As sure as night follows day, if we're going to give ourselves any chance of success in trading we...

Ignored

Quoting directxxx

Disliked

{quote} Simon, Without attempting to oversimplify... are you suggesting that you trade this by waiting for price reaching, say, a Supply level and trading towards the Demand level or scalping at Decision Points?

Ignored

Quoting simond2002

Disliked

{quote} Essentially, yes. Edit: Let me clarify because I'm unsure of the meaning of your post. I try and catch the major reversals at supply or demand. If I fail to do that, once price has established what I term its current market cycle bias (again, I never use the word "direction"), then I look for what I define as decision points to try and scalp into the move as a continuation. If I'm short then the targets will obviously always be demand or supports, the opposite if I'm long. Hope this makes sense.

Ignored