Price is everything

USD/CAD

USD/JPY

i just noticed that you entered on wrong place
just my 2cents ;D

Lines and demand zone were respected. Though barely touched, maybe the indication of high demand here.

Thanks, any advice or criticism is appreciated, it let me know what I did wrong so that I can improve my trading.

It's Saturday morning and I felt like writing something here.

Supply/demand trading is a concept that has been around for centuries if not millenniums. So with that in mind do you think the fabricators of these zones (Big Money) is aware of what they are doing and the tracks they leave on the chart? Why will price blow through a very strong zone like shit through a goose only to be stopped by something that looks insignificant? Or are they going to leave billions of dollars, pounds, yens and euros dormant for weeks just because it is a zone? Every day I am thinking about trading and how my life interacts with theses questions and many more.

The point of this is to realize that trading is much more then marking a zone and placing orders, a monkey can do that, and the monkey pays the price. Would Wallmart sell bathing suits in North America in December? But they will sell them in Australia. Is the Forex market any different?

I have spent a lot of time in the woods doing various activities. The tracks left behind by various critters tell a story if you are willing to take the time to read it. Where they go for water, food, safety or bed down can all be seen once you learn what you see. The same holds true for the tracks left in the market. To me reading price is much more then what price is doing now or what it did to the left. What is the "intent" of the price now? What was it yesterday? Why does a deer pause at the edge of the woods before stepping out into a meadow to graze? All issues of supply and demand.

So some things to think about.

1. What is the intent of the money behind the move.
a. Right now
b. This week
c. last month

2. What time of day is the best time for those in charge to accomplish their intents.

If a bank wants to fill billions of dollars in orders and a 4h zone is hit with the opening of the Aussie session is it going to happen? Usually it is like selling surfboards to cowboys. Sure some will buy but usually not a very good marketing strategy. Is a cougar going to hunt for deer in the middle of the afternoon? It is all supply and demand.

The animal kingdom is made up of two types of critters, predators and prey. Predators have their eyes on the front of their head. This enables them to focus all their intention to the prey that is hunted, the deer who does not pause at the edge of the meadow. Prey's eyes are on the side of their head. They have a much wider field of vision and can easily see movement and run to safety. Retail traders in the Forex market are prey. Yet our eyes are on the front of our heads...predators. Could this be why we don't understand price action at times? Maybe we are seeing it from the wrong perspective. There is a Grizzly Bear in the woods tracking your every move waiting for one mistake. (I have been trailed by a Grizzly). When you as a predator are being trailed by a Grizzly you then become prey. At this point are you thinking like a predator?

So the point of all this.

To think outside the box that was made for you as a trader 1000's of years ago. The Grizzly is a master hunter and understands supply and demand. The banks are master hunters and understand supply and demand. Now where do you fit into this picture? Now how do you profit from it?

Have a good weekend with food for thought.

Rufus

Eagle star , why no median lines on your chart analysis?

Median lines are for my longer term analysis. When looking at 10 pairs on 5m timeframes it is easier for me to look at the mpls in this case the supply demand zones multiple touches to spot potential entries and exits. Pm me if you have more questions, as many people here will not understand what I just said.

Hi!
eaglestar, can you give us more detailed explanation?

This is a recent chart of the eurusd showing a mpl, or multi pivot line. This is a line that shows multiple pivots and therefore greater resonance and frequency. I will show a basic support level, as well as a demand level drawn in. Most demand levels are just horizontal mpl's anyways. An mpl can be horizontal or diagonal, so for instance it could be a trendline with multiple touches as well showing good frequency.

H1 shows an accumulation.

where do you buy inside a demand zone? At least with an MPL you have a precise number. However it looks like the demand zone is a box connecting the mpl line to the lowest low in that consolidation.

You can buy anywhere in the zone as long as your stop is below it. Some put a limit buy, some buy as price comes out, some wait for an ENGULF candle to buy or sell. Either way works as long as you SEE the setup and understand what is going to happen and your risk reward.

Today on Euro. If you took the perfect trade setups this could be your result. Included zoom out so maybe could help.

The risk reward of 3:1 is the magic ratio. You want to get your trades at 3:1 or better. If you do this you could have 40% hit rate and still make money. 40% is possible!

Would this be the correct demand zone for u/j?

Also, eagle, do you use trendlines in your analysis/ trading, and if so, how do you apply them along side your median lines? thanks.

nice a/r set on uj 5min.

Good! What is it Your channel?

its just a vertical line that I used to make sure the top channel line was equal distance from the others.

S/R zones didn't exactly hold up in my favor on this one. Maybe because I was using range bars?