Supply and Demand is one of the core strategies used in trading. It focusses on the ancient laws of supply and demand and how price moves in a free-flowing market. The foundation of this strategy is that the amount of an instrument that is available and the desire of buyers for it, drive the price. It identifies zones on the chart where demand overwhelms supply (the demand zone), driving the price up or where supply overwhelms demand (the supply zone), driving the price down. Most supply and demand traders wait for the price to enter these zones, where major activities of buying or selling have taken place, before entering a long or short position themselves.
It makes sense to buy at a demand zone and to sell at a supply zone, but keep in mind that fresh zones are more effective than retested ones. They can be used as entry zones for a continuing trend or as reversal zones for a changing trend. Trades can be made aggressively or conservatively, each with their own rules of entry and exit. TradingView has a smart drawing tool that allows users to visually identify these levels on a chart.
While my last video on DXY has been supporting a bullish view, I wanted to also look at the alternative.
I go over a few reasons why one may want to short the dollar from that point of view.
There will always be good reasons to buy X pair, or to sell it instead, which is a point I talk about. At the end of the day, trading is a game of probability so you will...
The dollar index has had a very bearish week, but that is not to say that the bearishness is going to continue, as we are approaching daily, weekly and monthly demand zones on the DXY chart.
From the video you will see that we are not quite there at the monthly demand zone, so we could get some more weakness until we reach it, at which point we could get back...
Hello,
This week, my video is going to be on gold and what the future of it looks like from a technical aspect. We have had strong bullish moves over the past few weeks and are now at a weekly supply zone. Prior to this, gold's monthly and weekly demand zones have been well-respected, with higher highs and higher lows being made. This signals to us that gold may...
Welcome to my weekly TOP DOWN ANALYSIS. Quick review of what im seen this week in the crypto markets.
If you like my content give this analysis a like! You help me a lot and its free.
"Always trade what you see, not what you think its going to happen"
Namaste.
The video tells it all. Be sure to like and offer comments. Please also click the follow button in the lower right hand corner. Be sure your notifications are on as well. Follow me on Facebook and Instagram as well. Links are below. Trade at your own risk. This is for demonstration and educational purposes.
If you watched last weeks vid then you heard me mention this already but these two areas look very similar to me in terms of price movement. This is something ive been following this week which has helped me capitalize on these bullish moves. If we continue to follow then we should get a small dip soon and rally higher near 9.7k.
My second video is here to show you the importance of multiple timeframe analysis and confirmations. With EURGBP's strong move up, I was interested in finding out what was the reasoning behind it, and have been able to find three confirmations that led to the move up. I also show you a trade setup of USOIL I posted in the past, where I had done the same kind of...
MY FIRST VIDEO ANALYSIS. My analysis for daily income on the EURJPY. Looking at the video, I see I wasn't finished with that zone. It might be better than I think but I didn't have time.
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