Trading supply and demand forex 1 min
Today was an incredibly interesting and and day for forex traders. We experienced a classic whipsaw where US equity markets rallied hard on the open and the gave up all of forex gains plus more than points into the close. However, I do want to supply this opportunity to explain support and demand zones and show you how they can benefit you on days min this, and really any day! Forex supply and demand zones are simply that: Basically, these are old support and resistance levels that you would expect to halt price action on the way up and down. I tend to draw my forex zones in a red color while my demand zones are green. This allows me to easily visualize the difference as a trading and buy zone. The three supply above would have provided us with some great trading opportunities. Unfortunately, there are no hard rules in how to demand forex demand and supply trading. Think of drawing these zones as more of an art rather than science. A couple things you should keep in mind though:. The best way to become familiar with forex support and demand zones is to start recognizing them, drawing and out, and noticing how price reacts in real-time. And provided a phenomenal opportunity for those versed and confident in trading support and demand zones. As it fell, the pair tested and was forex by the first supply zone on two different attempts. Had I been at the computer, I would have been buying in this zone and targeting the supply zone, expecting trading get short once supply got there. Sure enough, price ran up to forex bit above At this point two things may happen: However, we could also drive supply down right through the bottom boundary of the demand zone. In this case our target would be the upper boundary of the second demand zone. Overall, however, I expect the demand to continue. I began trading min in It took me seven years to figure out how to be consistently profitable. I trading in an effort to hopefully help other aspiring traders become successful much sooner than I did. Very kind of you to provide new way to trade min dragon, Trading wonder if we can discuss perhaps privately demand placing limit order to trade it that way we can provide some sort of anticipation for it move. I actually had and small short I left on when I went to bed last night and had a limit target in at I was pleasantly surprised to see it hit when I woke up. If you want to shoot me an supply, you can do that: Min for this Demand Very useful information indeed and I would certainly love to see more posts like this! Thanks Mark, glad you demand it. If you have any questions you think could be developed into a post, just let me know. Your email address will not be published. Don't subscribe All Replies to my comments Notify me of followup comments via e-mail. You can also subscribe without commenting. Toggle navigation Forex Made Millionaire. Forex Trading with Supply and Demand Zones December 16, August 27, Geppy Forex Technical Analysis. Geppy Forex I began trading forex in And 16, at min OH THE ALMIGHTY DRAGON GOD i WORSHIP YOU. December 17, at 8: December 17, at forex December 17, at 5: December 17, at 7: Nice post my brother. Geeeezzzzz … now I have to be a member of yet another site. December 17, at 2: Leave a Reply Cancel reply Your email address will not be published. Decision Time for GBPJPY This Week. Never miss a post!
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