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Supply&Demand Price Action By The5ers Prop trading Fund
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The5ers1

Member Since Jul 24, 2018  107 posts The5ers FX Fund (The5ers1) Oct 14 at 15:24
Combination of CCI Divergence and Fresh Demand.
Monday 14/10/2019
GBP/JPY has a significant rally of about 700 pips in the last few days.

For the long term, it seems the GBP/JPY price has changed the momentum from bearish to bullish.

The price reached a new high for the past 3 months.

So for the long term forex traders, I’ll recommend looking for a buy position.

In the M30 chart, we can see a fresh demand below which can be the first level to look for buy position.

Also, we can how the price move down and creates a lower low while the CCI indicator creates a higher low.

Between all indicators, CCI is one of the most effective indicator to look for divergence and use it.

The meaning of this divergence is that the existing trend is running out of power.

Therefore, I’ll look to buy at the demand below in the M30 chart.

If the price will breakout this demand I’ll look again to buy at the lower demand which we can see on the D1 chart.

The target for both options is the supply above which we also can see on the D1 chart at 144.00 zones.

It’s also a great fresh supply to look for sell on GBP/JPY.

This analysis is referred to the long term forex traders.
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The5ers1

Member Since Jul 24, 2018  107 posts The5ers FX Fund (The5ers1) Oct 24 at 07:44
BTC/USD price is in bearish momentum.
The current support is holding the price for the last three weeks.
If the price will break this support I'll look for a price action setup for sell position.
If the price will move up to the supply above I'll sell there at the first touch.
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GlobalScalper

Member Since Jul 08, 2019  5 posts Jack Smith (GlobalScalper) Oct 26 at 22:09
How indicators know about supply and demand ?
Thanks

The5ers1

Member Since Jul 24, 2018  107 posts The5ers FX Fund (The5ers1) Nov 03 at 13:40
USOIL price is between two critical levels which are great for day trading.
The demand below seems like a great level for buy position and the supply above seems like a great level for sell position.
We should be aware of the OPEC outlook released on Tuesday.
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mrleo

Member Since Mar 07, 2011  36 posts Nguyễn Chí Thanh (mrleo) Nov 05 at 08:26
Hello,
I use Supply&Demand and Price Action too. But I rather use bigger timeframes. This is some of my pics and all the orders played out.



chithanh_85@
The5ers1

Member Since Jul 24, 2018  107 posts The5ers FX Fund (The5ers1) Nov 06 at 12:35
Day Trader Tips For Beginners From Professional Forex Funded Trader: https://the5ers.com/day-trader-tips-for-beginners/
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The5ers1

Member Since Jul 24, 2018  107 posts The5ers FX Fund (The5ers1) Nov 11 at 13:04
As we can see in the D1 chart the price creating a symmetric triangle pattern .
If the price will breakout toward down it indicates the price tends to reach the demand below and I'll look to sell.
If the price will break toward up I'll look to buy GBP/JPY .
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EURUSD 1.10536 GBPUSD 1.29029
USDJPY 108.818 USDCAD 1.32296

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