Todays open will see some volatility which may not give this set up a chance to get going. However what we have in price right now is on the longer term price is in supply. On the shorter term we are looking for failure in the demand and we have some clues that this may be in progress. Shortly after leaving the zone price formed a pinbar - it means it was met with...
This is a monthly chart but considering the layout of price thought it worth a look at. Supply Demand traders are always looking at where the most likely place orders will be found - and that generally is where the buy orders have exceeded the sell orders or the sell orders have exceeded the buy orders. The process plays out on all time frames; and with all...
CadJpy showing a lower daily pivot with the 8hr pivot now riding below it - supply sitting just above and a target below of 76.99 - if the 8hr pivot changes and starts to rise I would not remain in a short
The daily pivot has changed from advancing to declining - so on the daily, average price is collapsing - the 8hr pivot also started to collapse and is now riding below the daily pivot. I can use the previous daily pivot is my stop loss which has a supply zone just before it - targets sit at the pivot highs below. If the 8hr pivot reverts to advancing up then I...
This chart has the scripts for the smaller pivot frames developed by Glaz for myself. This is merely a different take on averages crossing except using pivots. If one trades every 6hr pivot cross on the daily your odds at best are 1/1 win lose. If you trade only the 6hr pivot crosses consistent with the trend the daily pivots are in your odds increase to 3/1 win...
As many know I use supply and demand as well as pivot points. Supply and demand is following the orders. Pivot points is evaluating if price is weakening or strengthening. This is a simple moving pivot averages on the 6hr, daily and weekly. Price is in demand...so I believe, however not in a buy yet as the 6hr pivot point is not moving up meaning price is still...
Price is coming into demand and it is demand that supported this leg going up. While this demand remains uncrossed I would tend to support a long play - if price crosses the demand then we will be back to the major demand below which has taken multiple hits already. The zone in yellow is 101.89 to 101.75 the targets above are 103.13 and 103.83
Looking for the present demand to hold and send price up to supply at 1.1201
This is related to the USDollar I published if I am expecting the dollar to retrace then I will be looking for Aussie to touch the demand below and rise to supply
Taking a look at USDollar it is in supply which we know as it has pulled away already once, however momentum is up so what I am interested in is the demand this present leg has going up which I will publish and link to this chart. The two higher supply levels could be in play this week as long as this leg remains intact going up - meaning the demand levels in it...
Daily Heikin Ashi Framework on a 1hr time frame. An average price area is created between the close of the previous candle and the open of the new candle. Entry is in the yellow box the average price with stops at the high in this case and target is the low. The idea with the HA chart is to gain an entry in step with the direction of the daily candle. This is a...
Weekly framework Of Heikin Ashi chart. By using the close of the previous day and the open of today price creates an average price zone for entry. Last high becomes target as the last low becomes stoploss. This is a new strategy and I would not recommend trading this set up.