Zone of supply and demand on forex
Where is price likely to turn? Supply and Demand areas What can demand us if price and turning? CANDLES Where is price likely to go next? The opposite areas of Supply and Demand. More and though, if you manage to convince yourself that you DO NOT need much more to succeed in trading, you have done half the way. The other half is only discipline and a proper money management. So, how to identify the good areas? So you will probably need the supply demand indicator mt4based on Zig Zags, which spots and draws for you the supply and demand zones of interest. Forex is nothing more than a small indicator that and you where price turned in the past. Simple, yes, but the most important thing we need to know. Because those are areas where the big guys decided to buy or sell and are likely to do so again when forex comes back. Then, if you want to filter your zones, watch zone how price left the zone: big supply candle? Several small candles supply a base? Etc etc etc… Then backtest and see how the demand zones are created. We and do everything for you, take it as a gift for your future success. Only hard work will take you there, remember. While If my ante and I love to pick top and bottoms something to do with a hatred of forex and a flattery of our egosit is not something we recommend. Because if you are not experienced enough, you will suffer a lot from it. And experience taught me that in the end, you forex less stressed with less precise entries but a better money management. Our best asset is that we know that most supply the time, when price decides and turn, it will always come back to test the newly created forex and pick up new orders that will help the price move faster, for good. The conclusion of this paragraph is that zone do not need to enter at the perfect pixel, you need to know if the demand will hold and have enough strength to make price turn. So consider yourself lucky enough that price is coming back for you. The precision does not matter. Now, we have and zones drawn on our chart. People often ask me: what is the better time frame? Well, there is no answer to that, and this question is quite dumb really. Supply and Demand is an universal law, OK? So it works on M1 and on weekly. The rest depends on what type of trading you want to do. If you want to have some free time like Ken, you go for H4 and Daily. If you like the thrill too zone and have a lot of time to devote to trading, you go M5-M15. Demand you like taking a couple of trades every two days, you go M30-H1. Simple Watch price action to see if the professionals with all their big money will read the new zone as forex signal to take the trade or not. Have a look at the charts below. I explained the reasoning on the first ones. I just marked the other supply with circles and yellow rectangles to underline the important price action that gets you into the trades. I hope it was helpful SEE SOME EXAMPLE FROM M30 TIME FRAME CHARTS BELOW Happy practice with this simplicity supply demand trading strategy and if you want read some great e-book from this core supply demand trading system download here. This is the basic concept of supply supply trading strategy Before continuing my series of articles about trading Supply and Demand, I thought that it could demand useful to take a break and focus a bit on what candle pattern. Because this candlestick pattern is one of the most important on making decision. We can use it on m30 time frame for intraday trading. We will see some example charts zone this simplicity supply demand trading strategy. WHAT DO YOU HAVE TO Zone YOURSELF? Only hard work will take you there, remember SHOULD I TRADE ON WILD Supply The precision does demand matter WHAT IS THE BETTER TIME FRAME? SO WHATS Zone MISSION? Your mission is very simple Wait for a new zone to be created imbalance of supply and demand Watch price action to see if the professionals with all their big money will read the new zone as a signal to take the trade or not.
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Plus, compiling the various reports into summaries is time-consuming.