Trading is or always be about building strong system mentally and logically which you can rely on making investment decisions and hence willing to test those strategies in any market conditions and hence Forex or any other financial market battles are won with not only willing to succeed but doing what others avoid or never even think of.
We all are human and we tend to hesitate even for a bit, while taking crucial decision because they are already experienced in some manner or because of the fact we have left so much behind we should always take a leap out of those bad decisions.
Build forex trading strategies, Learn to trade forex like banks , Price Action & make a living with Forex trading.
Wednesday, April 20, 2016
Financial planning and Financial Decisions
Wednesday, June 17, 2015
Basic Trading Rules For Supply Demand Traders
In order to be able to trade the markets, we need
to be able to understand why price is where it is, and where it will go
to next. The best indicator for all this is Price itself. It holds all the clues you'll ever need to work the market out. We do our trading at levels called Supply and Demand Zones (Video), and we watch Price Action there to give us signs as to the intentions of the big money.
Here’s what we look for on the charts:
General: HTF. Know where price is coming from and going to, and the PA past and present in all the TFs, from the Monthly down.
Specific: At the zones you want to trade, look to
Past. study the zone in all TFs, down to M1
ask yourself
Where were the decisions made? Clean S/D? Mark these lines. No clean S/D? – compressed zone
Did price really shoot away form the zone, or did it cp away?
Did the zone itself react at the right place? Look beyond the zone further into the past. See what it reacted to. Was there a better S/D nearby that price wants to visit? This explains many fakeouts. Did price originally react to the RS of a Flag Limit? It can fakeout to true SD of the FL.
Present.
Approach.
How is price returning to the zone?
Where’s the nearest flag in the TF you want to trade? This is your tg1 in this TF. Flags in the LTFs? What does PA tell you?
Has price tested the last flag on approach? (good sign)
Has price compressed into the zone in this TF or LTFs? (good sign)
Is there big news on the way? Has there just been big news?
Reaction
In LTF, does price react violently to the first decision point? Does it quickly engulf the nearest S/D? (good sign)
Does price simply CP away? Maybe it wants to go to the next decision point
If the first decision point breaks, watch the signs on approach to the next, and, of course, reaction.
Chew this over for now. Apply it to your chart history. Apply it to as many failed setups as successful ones. Millions of them if possible! Capture and file them all. This will help make it instinctive
Here’s what we look for on the charts:
General: HTF. Know where price is coming from and going to, and the PA past and present in all the TFs, from the Monthly down.
Specific: At the zones you want to trade, look to
Past. study the zone in all TFs, down to M1
ask yourself
Where were the decisions made? Clean S/D? Mark these lines. No clean S/D? – compressed zone
Did price really shoot away form the zone, or did it cp away?
Did the zone itself react at the right place? Look beyond the zone further into the past. See what it reacted to. Was there a better S/D nearby that price wants to visit? This explains many fakeouts. Did price originally react to the RS of a Flag Limit? It can fakeout to true SD of the FL.
Present.
Approach.
How is price returning to the zone?
Where’s the nearest flag in the TF you want to trade? This is your tg1 in this TF. Flags in the LTFs? What does PA tell you?
Has price tested the last flag on approach? (good sign)
Has price compressed into the zone in this TF or LTFs? (good sign)
Is there big news on the way? Has there just been big news?
Reaction
In LTF, does price react violently to the first decision point? Does it quickly engulf the nearest S/D? (good sign)
Does price simply CP away? Maybe it wants to go to the next decision point
If the first decision point breaks, watch the signs on approach to the next, and, of course, reaction.
Chew this over for now. Apply it to your chart history. Apply it to as many failed setups as successful ones. Millions of them if possible! Capture and file them all. This will help make it instinctive
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