{quote} Really buddy. I've missed this discussion. I suppose the data is coming from the same source. I think it is better to pay attention is HOW we are trading and using any data that may be available.
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Thanks Sevan. Just curious, the way you identify strength and weakness is similar to the thread i included?
{quote} Thanks Sevan. Just curious, the way you identify strength and weakness is similar to the thread i included?
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Right buddy but my approach is a bit different as I pay attention to this strength only after sentiment change points and not later than 1-2 weeks after it. The longer sentiment stay unchanged the more probability that it will change some hours after you open a trade. The same with trend. Better to jump in the beginning or before the middle or wait till next chance. And I also believe that sentiment do not have only two values "bullish" and "bearish". Imho it changes from bullish to bearish and back smoothly.
Of cource it is not a 100% winning guarantee as any other approach but it helps to increase our chances to make profit.
{quote} Can you share how you identify supply and demand zone/level right now (before your conclusion)? It maybe helpful for later discussions. Thanks.
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I'm trying to trade from last 28 Nov , I find few facts
1. If pair already bear or bull for a specific period mostly news don't effects the reason is banks don't reacts and specific period in days like 7 to 30 days bear or bull
2. Only 1 day chart helps to adjust SL , but before going to adjust any must see weekly chart it helps sometimes
3. When you looking Supply and Demand news can't play big role only big news which comes after a long distance like Brexit, US Elections, Swiss Frank Decision etc and in these cases you can not trade you can not judge even Banks too.
Mostly successful traders don't depends on day trading type their trades can run from 1 day to months .
To play on Supply and Demand you must need to depend on lowest leverage trade volume should be lowest against balance.
The best way to judge Supply and Demand when price starts ringing in 1 day chart (means when Banks changed direction).
These are my opinions after getting some experience but still I'm reading all peoples comments and seeking some useful facts.
{quote} Thanks for start sharing your knowledge about banks trading. Keep it posting. Besides I can show my approach of using Bank positions and levels in trading. Maybe you find that their Sup/Dem zones match with yours. I do not use this bank levels and positions directly but I try to determine the strongest/weakest currency based on the table and adjust my trades according to Banks sentiment. The most important and crucial point is when this sentiment changes. {image} {image} {image}
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May I ask where did you get all those bank levels in your screenshots?
