Ever since the invention of the Mutual Fund, then IRAs, or even going back to the ownership of individual stocks, the “common man” has been taught to “Buy and Hold” when it comes to their investments. Even today, investors are taught to put their hard earned dollars in a “lock box” and told to "let it grow"... We are told things like “Let time be on your side”…...
GBPJPY SUPPLY AND DEMAND ANALYSIS - High volume, high probability levels. Please see my previous weeks analysis.
How to trade consolidations, ranging markets. Most of the time, markets move sideways. lets find out 3 ways to get advantage of these periods.
The volume creates a "peaks and valleys" effect. The valleys are areas of low pressure and the peaks are high pressure. You can see here how price is drawn toward a path of least resistance (low volume) and the resulting price action depending on wether there is strength in the background or weakness. reference.
Instead of the traditional verbiage "overbought" and "oversold" I like to think of these two levels as "supply" and "demand" There are numerous examples to point out but here I have isolated only 2 of them. Point 1 = DEMAND (oversold) Point 2 = SUPPLY (overbought) In general it is ideal to look for entries and exit targets on the edges (standard...
Confirming last analysis we are in a very nice retracment pattern in Gold. As we expected down trend worked and price came towards its last big support of 1861usd.If you are intraday trader note carefully that downtrend is still working and and high is just a retracment. As you can see in my daily chart we have a nice unbroken demand zone 1790to1816 and a strong...
Whatsup traders! In this video I will be talking about the difference between efficient and inefficient price action. Once you understand this concept, you can incorporate it into your trading and utilize it to find targets and setups!
Educational! Sell Entry Point 1: 0.93804 Entry Point 2: 0.93856 Entry Point 3: 0.93908 Take Profit: 0.92675 Stoploss: 0.93948
After the strong bounce from the support. We can expect the price to move to the upside with that same momentum.
DISCLAIMER: Trading Forex involves risk and you may lose more money than you started with! These posts are not to be taken as trade recommendations or financial advice and I offer NO guarantee that any of these ideas will result in profit. Also, trade ideas may change, depending on ever-changing market conditions. You are trading at your own risk and past...
USDCHF is going for the 5th wave. The third wave has retraced to the 0.38.
Demand zones and areas provide a great oportunity to trade along big institutional money behind the market. There are 3 posible entry points to take long positions. Lets review them in this video!
For reference. Please reference Tom Williams or Richard Wykoffs material for a more thorough examonation and description of what creates bull or bear markets. In the meantime: The condition/health of the PRIOR trend has a direct impact of the condition/health of the CURRENT trend. A lot to get into here. But use the above resources for a professional...
XAUUSD Fibonacci Supply & Demand Zones. What a week ahead.
GBPUSD DEMAND LEVEL + FIBONACCI. Excellent week ahead. Looking for a buy in the demand zone!
GBPJPY DEMAND LEVEL + FIBONACCI. Look how the price is reacting to this powerful zone! What a week ahead!!!