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Supplydemandtrading

Trading concept- Absorption of SupplyMyth: If the price approaches a level repeatedly, and gets rejected from it, this means that the level is very strong. Reality: After each touch, the level becomes weaker and weaker due to the absorption of the residual orders. Underlying concept: 1. Whenever the price keeps approaching a certain level, there are pending sell orders that are waiting to be filled. 2. Every time the price comes back to this level, a certain amount of orders gets filled. This is called absorption. 3. The more the price approaches that level, the lesser the unfilled order remains. 4. Ultimately all the orders get absorbed and we see a breakout from that level. Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk. Happy learning. Cheers! @johntradingwick
NSE:NIFTYEducation
by johntradingwick
2
EURNZD | Last Impulse to the Upside|HI, THIS IS MY POINT OF VIEW ON EURNZD, THE PRICE IS CURRENTLY ON A BULLISH CYCLE ON INTRADAY TIMEFRAMES & ON THE DAILY TIMEFRAME. HOWEVER, I DON'T SEE EURNZD MAKING A NEW HIGH IN A NEAR FUTURE (TOO MUCH BEARISHNESS AT THE TOP). THIS WILL MOSTLY BE AN INTRADAY SETUP THAT WILL TRY TO CATCH THE FIFTH AND LAST WAVE OF THIS CYCLE. THE PRICE ALREADY MADE THE FIRST 3 AND IS CURRENTLY DOING THE FOURTH (CORRECTIVE WAVE). ENTRY ZONE: I AM REALLY HIGH ON THE TRIPLE CONFLUENCE THAT CAN BE FOUND INSIDE THE H1 DEMAND ZONE. 1. H1 DEMAND ZONE 2. 0.618 FIBONACCI CONFLUENCE 3. 1.77500 PSYCHOLOGICAL LEVEL I DON'T USUALLY TAKE A TRENDLINE AS CONFLUENCE, BUT IF YOU TRADE WITH IT HERE IS THE FOURTH CONFLUENCE TAKE-PROFIT: THE DAILY SUPPLY ZONE WOULD BE A NICE ZONE TO TAKE PROFIT IF LIKE ME YOU DON'T EXPECT THE CREATION OF A NEW DAILY HIGH
Long
by Corbeau_FX
Distributing AUDUSD IT SEEMS WE MAY HAVE REACHED A POINT OF DISTRIBUTION WITH THIS PAIR THERE ARE 4 MAJOR KEY LEVELS WITHIN THE DISTRIBUTION RANGE WE ARE WATCHING THIS WEEK TO GET A DIRECTIONAL BIAS - WE ARE CURRENTLY A BIT NEUTRAL UNTIL WE SEE THE FULL SCHEMATICS PLAY OUT BUT HAVE A PERSONAL BIAS THIS PAIR WILL SEE A PUSH TO THE DOWNSIDE. THE DOLLAR INDEX SEEM TO BE GAINING A BIT OF STRENGTH LETS SEE WHAT THIS TRADING WEEK BRINGS EITHER WAY WE ARE PREPARED TO MAXIMIZE THE MOVES WHEN THEY HAPPEN
by madpastord
2
NZDCAD Trade Analysis for Long PositionNZDCAD Trade Analysis for Long Position After almost 3 weeks consolidation, we can do nothing but wait for price breakout. During Sydney trading session, price decide to break above. Price break above recent resistance zone 0.88025 and close higher. We are looking for price pull back and enter long position. Disclaimer The content on this trade analysis is subject to change at any time without notice. Any information provided here is only the personal opinion of the author. This information is intended for educational purposes.
Long
by JaceFX
NZDCAD Trade Analysis For Long PositionNZDCAD Trade Analysis for Long Position After almost 3 weeks consolidation, we can do nothing but wait for price breakout. During Sydney trading session, price decide to break above. Price break above recent resistance zone 0.88025 and close higher. We are looking for price pull back and enter long position. Disclaimer The content on this trade analysis is subject to change at any time without notice. Any information provided here is only the personal opinion of the author. This information is intended for educational purposes.
Long
by JaceFX
USDJPY Trade Analysis for Long PositionUSDJPY Trade Analysis for Long Position After price consolidation for almost 2 weeks since 15th June 2020 we are waiting patiently for the price to break out from the consolidation Price break above the consolidation stage on 29th June. Look for price pull back and enter long position Buy Limit 107.305 SL 106.805 TP 1 107.505 TP 2 107.805 TP 3 108.305 *Please apply your own risk management skill *Risk no more than 1% of your trading capital *Please choos the take profit point best suit your trading portfolio *Always trail your profit *Apply BEP to protect your capital If the pending order didnt get filled, we will delete the pending order Disclaimer The content on this trade analysis is subject to change at any time without notice. Any information provided here is only the personal opinion of the author. This information is intended for educational purposes.
Long
by JaceFX
AUDUSD contracting triangle AUDUSD price break lower on 9th June and we able to spot bearish trade set ups and profiting around 200pips. Price is now under contracting triangle Currently, this pair didn't provide us any quality trade set up. We can only wait for price to break either side of the contracting triangle and look for trade set ups. Patience is the key to success in Trading. Disclaimer The content on this trade analysis is subject to change at any time without notice. Any information provided here is only the personal opinion of the author. This information is intended for educational purposes.
by JaceFX
AUDUSD Trade Analysis for Short PositionAUDUSD Trade Analysis for Short Position After long bullish trend from last week, price reach key resistance area price rejection from key resistance area price break lower the recent trend line and bearish trend detected Look for price pull back and enter short position Sell Limit 0.69789 SL 0.70489 TP 1 0.69389 TP 2 0.68789 TP 3 0.67789 *Please apply your own risk management skill *Risk no more than 1% of your trading capital *Always trail your profit *Apply BEP to protect your capital If the pending order didnt get filled, we will delete the pending order Disclaimer The content on this trade analysis is subject to change at any time without notice. Any information provided here is only the personal opinion of the author. This information is intended for educational purposes.
Short
by JaceFX
AUDUSD Trade Analysis for Long PositionAUDUSD Trade Analysis for Long Position 1st June, The strong bullish trend start at beginning of the week 3rd June, Price enter short correction move before go higher 4th June, Price Break above the symmetrical triangle 5th June, Price break above the recent high Look for price pull back and enter long position Buy Limit 0.69527 SL 0.68827 TP 1 0.69727 TP 2 0.70027 TP 3 0.70527 *Please apply your own risk management skill *Risk no more than 1% of your trading capital *Always trail your profit *Apply BEP to protect your capital If the pending order didnt get filled, we will delete the pending order Disclaimer The content on this trade analysis is subject to change at any time without notice. Any information provided here is only the personal opinion of the author. This information is intended for educational purposes.
Long
by JaceFX