Learn, a forex trader must, unlearn and relearn he will.

- Joined Dec 2013 | Status: Member | 1,889 Posts
Learn, a forex trader must, unlearn and relearn he will.
Price Action + Demand & Supply Zone + Money Management 0 replies
Can anyone tell me how to pull a graph of my trading performance 2 replies
trading pivot points. how to tell if support/resistance will hold? 23 replies
CAN Somebody tell me what are the trading hours 4 replies
Tell me about different methods and issues of news trading 10 replies
Disliked{quote} Hi all, would like to give my view: price dropped because of the significant supply marked, it is where supply consumed demand that lead to HH this new supply is formed after hitting an H4 SR at 179.140 and getting strong rejection {image}Ignored
DislikedHere is another example, price broke the S/D zone, tried to retrace back in but was rejected {image}Ignored
Disliked{quote} Why is it human nature to turn something simple and make it complex?Ignored
DislikedHere is another example, price broke the S/D zone, tried to retrace back in but was rejected {image}Ignored
Disliked{quote} Once price break the SD zone the strategy is to enter on the retrace right? Now the question is how to know where price will stop retracing if there are multiple little SD it can bounce from? And in order not to offend anyone, what is the term you use here to describe a flag that occur just before a break of the SD zone? Also what is the name of the flag that occur just after the break of SD too.Ignored
Disliked{quote} And in order not to offend anyone, what is the term you use here to describe a flag that occur just before a break of the SD zone? Also what is the name of the flag that occur just after the break of SD too.Ignored
DislikedI have always wanted to do well with supply and demand zones, but I tend to not draw them properly. How do you know which zones the big money is looking at and which zones are maybe areas retail traders are looking at? Any advice?Ignored
Disliked{quote} Hi Level2Trader, In my view, if you start to try and reconcile these two facets of a SD zone then you're only going to be adding a further layer of complexity. It's best to just look out for what appear to be decent zones. "Decent zones" obviously may be a slightly subjective terms but the best advice I can give you to begin "eye-training" is to start by trading in one TF only and observe the process (price action) that the market enacts when it breaks areas of price (either SR or Swing Points) and continues on a prevailing direction. One...Ignored
Disliked{quote} Hi Level2Trader, In my view, if you start to try and reconcile these two facets of a SD zone then you're only going to be adding a further layer of complexity. It's best to just look out for what appear to be decent zones. "Decent zones" obviously may be a slightly subjective terms but the best advice I can give you to begin "eye-training" is to start by trading in one TF only and observe the process (price action) that the market enacts when it breaks areas of price (either SR or Swing Points) and continues on a prevailing direction. One...Ignored
Disliked{quote}So what you are saying (and I agree), is if a big move happens, its not retailers making that move happen. It had to be an institution make the market moveIgnored
DislikedEURJPY H4 One possibility (among many for what this pair may do) for next week. {image}Ignored
DislikedHi Simon ,Famous last words indeed! Greek surprise!! No one could have known this was going to happen when it did!However the market was suggesting down move on the 5 min chart with LL and LH coming away from a 1hr supply back at 0500 gmt. Also the $ index was showing strength.This brings me to the question I have which is, Do you tend to live mostly on the 30 min chart and had you been going into a trade where would you have considered a short and off which time frame? Happy tradingIgnored
Disliked{quote} EURJPY Following on from the earlier post, I'd placed an alert in the H1 TF EJ at 129.50. Alert has recently sounded. Market has already reacted. Am now watching this pair closely to see how things unfold. {image}Ignored
Dislikeddoes anyone wish to add some simple annotation to aid us in what can we learn from the recent PA?Ignored