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Supply&Demand Price Action By The5ers Prop trading Fund
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The5ers1

Member Since Jul 24, 2018  95 posts The5ers FX Fund (The5ers1) Nov 16 2018 at 07:37
For the swing forex traders, I marked the key levels to look for a position on USDJPY, yesterday the price created a new fresh supply above us that indicates the price on his way to Reach the support below, if the price will return to that supply, it can be a great opportunity for continuation sell position, I’ll sell there and my target will be the support below.
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Penrose2000

Member Since Oct 26, 2018  10 posts Penrose2000 Nov 16 2018 at 14:09
I have the same view. My short term view on USDJPY is bearish but I missed the entry so I am waiting for the support level of 113.00 to be reached before going Long (my longer term view of USDJPY is bullish)

The5ers1

Member Since Jul 24, 2018  95 posts The5ers FX Fund (The5ers1) Nov 18 2018 at 12:51
EURUSD – The new fresh demand that I marked below succeed to broke the supply from the 12/11, for now, it seems the price on his way to reach the resistance above, the demand Below is a great continuation level for buy position, I’ll wait for the price to buy there and my target will be the resistance above.
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The5ers1

Member Since Jul 24, 2018  95 posts The5ers FX Fund (The5ers1) Nov 19 2018 at 11:07
XAUUSD (GOLD) – The GOLD has created a new fresh demand recently, As we can see on the chart from the left, there is no reason for the price to stop until he will reach the Resistance above, if the price will return to check the demand below, I’ll buy there, in case the price will break that demand, I’ll wait for a new buy position at the demand at the bottom. in both cases, my target will be the resistance above.
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The5ers1

Member Since Jul 24, 2018  95 posts The5ers FX Fund (The5ers1) Nov 20 2018 at 12:06
For the long terms, as we can see on the daily chart , the USOIL -1.17% is in a strong bearish momentum, I marked the next fresh supply&demand as a critical key level to look for a position, Above us there is a great supply level which can be a continuation of sell position, if the price will return that level I'll sell there, my first target will be the demand below, and the Final target is the demand at the bottom. as a price action forex trader, I trade only with limit orders.
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The5ers1

Member Since Jul 24, 2018  95 posts The5ers FX Fund (The5ers1) Nov 26 2018 at 13:29
As we can see for the short terms, USDJPY is bullish, therefore I’ll prefer to look for buy position and join the bullish momentum, I took the recent bullish wave, and use the Fibonacci Series to decide where is the best price to buy, at the moment we can see the retracement of the price, and the 50% Fibonacci level looks like a great level of buy position, as a technic Analysis forex trader I always prefer to look for more indications at the price, in that case, the 50% level is also a fresh demand level, therefore, if the price will keep move down to the 50% Fibonacci level, I’ll buy there, and my target will be the 100% Fibonacci level.
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The5ers1

Member Since Jul 24, 2018  95 posts The5ers FX Fund (The5ers1) Nov 28 2018 at 13:58
As a swing trader in the forex market, I always prefer to mark the key levels supply&demand before and be ready with a limit orders, the supply above us, is a changing momentum one, this supply start the bearish momentum, I’ll wait for the price at this supply to sell, for now, the price struggling to move up, and as long as the price will keep struggling it Indicates the buyers have no power in this uptrend, and it’s safer to sell at the supply above, my first target will be the support below, and the final target is the demand at the bottom Which is also a great level for buy position.
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The5ers1

Member Since Jul 24, 2018  95 posts The5ers FX Fund (The5ers1) Dec 03 2018 at 12:41
As we can see on the 4H chart, there is a potential that the price will create a Head & Shoulders pattern, If my prediction that I marked on the chart will come true, we will see the Head & Shoulders pattern up there, the reason I’ll sell at the supply above is not the pattern, I’ll sell at this supply because it’s a level with unfilled orders waiting there for the price To come back, Also, this supply has changed the bullish momentum to bearish, this supply created after this week starts with a GAP at the price, I’ll sell high and buy low, meaning, I’ll sell at the supply and my target will be the demand below.
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The5ers1

Member Since Jul 24, 2018  95 posts The5ers FX Fund (The5ers1) Dec 10 2018 at 07:47
As a swing forex trader, I usually take Sunday to get ready for the upcoming week, I choose the USDCAD because for me, as a price action trader, the picture is very clear, The supply Above seems a strong one, the price drop from that level and even succeed to break the demand from the left, I'll wait for the price to return that supply and sell there, my target will Be the demand below which is a great level for buy position,
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The5ers1

Member Since Jul 24, 2018  95 posts The5ers FX Fund (The5ers1) Dec 11 2018 at 11:32
For the intraday forex traders, EURUSD is on his way to reach 61.8 Fibonacci Level of the downtrend yesterday, it’s not only 61.8 Fibonacci level, it’s also a Great supply level for sell position, for now, it seems the price is struggling to Reach that supply, if the price reach that supply i’ll sell there, my target will be the 100% Fibonacci level which is the last low.
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