Supply and Demand is one of the core strategies used in trading. It focusses on the ancient laws of supply and demand and how price moves in a free-flowing market. The foundation of this strategy is that the amount of an instrument that is available and the desire of buyers for it, drive the price. It identifies zones on the chart where demand overwhelms supply (the demand zone), driving the price up or where supply overwhelms demand (the supply zone), driving the price down. Most supply and demand traders wait for the price to enter these zones, where major activities of buying or selling have taken place, before entering a long or short position themselves.
It makes sense to buy at a demand zone and to sell at a supply zone, but keep in mind that fresh zones are more effective than retested ones. They can be used as entry zones for a continuing trend or as reversal zones for a changing trend. Trades can be made aggressively or conservatively, each with their own rules of entry and exit. TradingView has a smart drawing tool that allows users to visually identify these levels on a chart.
After the struggle between the buyers and sellers, we can see the price jump away fast and strong, it indicates that there was a huge difference between the buy order and sell orders, much more buy orders at this level, That situation creates the demand below, it means there Are more unfilled orders waiting for the price at this demand, I'll wait to see if the...
First sign of LL ?
Lets see if it is the start of a downtrend.
Target - 109.5
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in...
It's been so exciting to trade GBPUSD these days, which is actually a heaven for momentum traders!
I hardly use limit order to trade this pair for quite a long time with regard to how it reacts to news.
Accordingly, I am much more interesting in those stop orders trade!
Here we got this daily demand zone, bullish gartley , and 15min hammer combination trade.
A...
GBP
- Brexit delay released some uncertainty for a deal in the UK and to organize the legal structure of companies
- FOMC meetings in the US showed they are not going to raise rates causing investors to choose alternative securities to get better returns on investment
- Daily/ 4HR support in sight, signs of buying already at hand.
- STRONG fundamental scores in my...
My view of how AUDNZD could play out this year.
Even though highly correlated, if China's trade deal with America continues to soften and Chinese investors/ businesses pick up the pace again we'll see another influx of demand for Australian Commodities which are the major component in many Chinese Businesses.
The entry level is placed on the large wick. This is...
Good day everyone,
Lets look at BTC chart on multiple time frames.
-Weekly we are bearish, huge descending trendline yet to be tested again, and the recent uptrend volume is slowly decreasing, not good!
We have a huge resistance at the indicated level ~4250 zone and im not long anytime until this level is broken with good volume (good volume is slighty above...
Initial short position went wrong.
Price break up of resistance zone now.
Looking for long on retrace.
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully...
Same as GBPJPY, sterling is very bearish right now. The set up was based on a simple break and retest of the support/liquidity zone (the blue stripe). We can see a huge green shooting star rejected the zone. The spike is more or less due to the FOMC announcement, which also wiped out my other two trades. Then, on the 1H, we see an evening star formation, where I...
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