DislikedHi fellow traders. I expose you this AUDCAD dilemma. What would you do, sell at SZ or buy at DZ? {image}Ignored
Supply and Demand trading with Fibs
- #1,541
- Apr 16, 2017 2:41am Apr 16, 2017 2:41am
- Joined Jan 2011 | Status: Senior Member - Pro FX Trader | 2,736 Posts
- #1,543
- Apr 16, 2017 4:57am Apr 16, 2017 4:57am
- Joined Jan 2011 | Status: Senior Member - Pro FX Trader | 2,736 Posts
Remember when price is heading towards a zone, it's heading there for a reason. Price manipulation by whoevers interest it is for price to reach supply, for their unfilled order and so on, so when price is heading towards supply, think about it logically, why is price going this way? why does it stop in supply, or meet a defence to go any further?
Asking yourself these questions, you start to realise how the markets work, and why price heads towards some zones like magnets and steers away very sharply once hit, its not rocket science
Guys, I must stress I am an AWFUL teacher, so apologies if my teachings don't come across very easy to follow
Remember I make a living from trading, so I don't need to teach for subscribtions or money, if I did, I would certainly need to be a better teacher, but then If i was a good teacher, it's very likely I would not be a very good trader
Asking yourself these questions, you start to realise how the markets work, and why price heads towards some zones like magnets and steers away very sharply once hit, its not rocket science
Guys, I must stress I am an AWFUL teacher, so apologies if my teachings don't come across very easy to follow
Remember I make a living from trading, so I don't need to teach for subscribtions or money, if I did, I would certainly need to be a better teacher, but then If i was a good teacher, it's very likely I would not be a very good trader
- #1,548
- Apr 17, 2017 5:45am Apr 17, 2017 5:45am
- Joined Feb 2012 | Status: Trade like Water | 3,403 Posts
Hi Guys, and good to see you back, Dean, thought i share my AUD/JPY Trade daily little late to the party, Shorting this baby check it out {image}
I also think to short this pair
Let Market Tell You
- #1,553
- Apr 17, 2017 4:24pm Apr 17, 2017 4:24pm
- Joined Jan 2011 | Status: Senior Member - Pro FX Trader | 2,736 Posts
Hi Dean and others... Feedback and any thoughts on the below set ups please. AUDCAD approaching daily supply {image} EURUSD supply and demand, which ever comes first {image} EURAUD approaching daily demand (might have missed the move) {image} NZDUSD daily supply zone {image} USDCAD daily demand {image} Thanks
On your charts alot of zones are not original/fresh zones, they are already a reaction to an already formed area, look to the left
Hi Dean and others... Feedback and any thoughts on the below set ups please. AUDCAD approaching daily supply {image} EURUSD supply and demand, which ever comes first {image} EURAUD approaching daily demand (might have missed the move) {image} NZDUSD daily supply zone {image} USDCAD [attach]IMG_2825.PNG;2270264[/attachdaily demand {image} Thanks
I will keep an eye.
i am away guys but I saw this 3 hours ago and I am sending you a quick picture from the phone. It might be too late now but it worth keeping an eye.
The picks are from the app so don't expect perfect levels
Good luck to everybody with their trading!!
- #1,555
- Apr 17, 2017 4:31pm Apr 17, 2017 4:31pm
- Joined Jan 2011 | Status: Senior Member - Pro FX Trader | 2,736 Posts
{quote} Hi Tuk, really appreciate your input and involvement in the thread thank you. On your charts alot of zones are not original/fresh zones, they are already a reaction to an already formed area, look to the left
... Yep I noticed a few, thought I'd check to see if you guys would still consider placing a trade on non fresh zones. I guess it depends on experience and confidence. I think I will stick to fresh and orignal zones while starting out!
{quote} They look very nice