Simple trade idea. This demand level is the 4 hour 78.6 Fibonacci level. Thats my area of interest. Staying in the present as always, but it would be nice to see an opportunity at that level.
Targeting liquidity for a directions and seeing LL and LH created on the 5m timeframe was my green light for this trade. The demand zone was an area I think price could reach, but I wasn't so sure ofc. Which is why I put my take profit at the daily pivot point instead of the demand zone below it. Quick scalp, 600 pips caught.
Just for comparison NAS100 has done a similar move as US30. An Asian range base and created and swap zone going into NewYork. And price went long similarly to US30.
Again as always, same old same old supply and demand setup nothing different. In this case there was a swap zone that came into play. Played out nicely and left profitably with a quick scalp. 360 pips in 15 mins.
Lovely movement last week everything went right with GBPUSD, may not have made any major returns but a lot of knowledge was gained. Everything that I analyzed was correct, exception of my entry but I had the right idea and direction. I enjoyed last week very much, I had golden nuggets dropped on my head from myself. Quick message myself; KEEP IT VERY SIMPLE...
What I see here is since last week pivot points are playing a roll in this weeks points. What I see is price falling and rejecting the big demand zone, and going further up. I will make a video to explain in more detail but for me personally, I will be looking for bullish opportunities for GBPUSD.
Last week Feb 8 - Feb 12, I only took 3 trades out of the entire week only on EURUSD. My first trade I was looking for a somewhat small push back down but the liquidity above was greater and that was something I over looked. Not a big deal but now its some thing I learned. My Second trade I had the right idea but I calculated my entry a little early and I ended up...
I didn't take this trade I was asleep. But This would have to be a set buy limit and for an execution. Supply and Demand as always. Nothing changes. You can see the liquidity I would have targeted and took my profits. Can be in them all but Its always nice to know that the strategy is working. This trade would have been a 4% gain which is perfect. On to NewYork to...
Just showing the outcome. One major thing I love about supply and demand id that it works great during the middle of the week. That something I find to work well. Very simple and effective and very efficient.
I marked out the liquidity that I was targeting and I also marked out my next supply zone on the 1h. This trade is taking off the 4h demand zone. Going for a gain of 2.90% risking 2%.
From the daily supply zone to the 4 hour demand. Entered after the liquidity push and the retest. I marked my resistance line on the 4h timeframe and saw big players manipulate the resistance. This was a 6.28% gain, Messy charts = messy mind. Straight forward supply to demand, demand to supply same stuff nothing new.
