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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) Dec 13 2018 at 14:54
As we can see the GOLD is still bullish at the moment, the support level i marked on the chart is my confirmation zone, if the price will breakout this support it indicates momentum has changed to bearish and most likely the price on his way to reach the demand below, if the price will breakout the support, i’ll look for price action setup to open a sell position, my target will be the demand below which is also a great level of buy position for swing forex traders.
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The5ers1

Member Since Jul 24, 2018  95 posts The5ers FX Fund (The5ers1) Dec 17 2018 at 12:37
First, I would like to mention that all GBP pairs are still under the impact of the Brexit issue and can be riskier than other pairs,
As we can see on the chart I attached, there is a great demand below us, this demand broke out the last high of the downtrend from the left with one fast movement, that creates a pattern called Quasimodo, usually very reliable pattern, I’ll wait for the price at this demand to open buy position and my target will be the resistance above.
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The5ers1

Member Since Jul 24, 2018  95 posts The5ers FX Fund (The5ers1) Dec 18 2018 at 10:55
Long-Term Price Action Analysis SPX500 28/12/2018
December 18, 2018
, The5%ers Fund
As we can see the SPX500 is bearish now for the long-term.
There are 3 scenarios that I'll wait for:

1 – The supply above is a great continuation level of sell position, if the price return to that supply I’ll sell there and my target will be 2480.00 zones.

2 – In case the price will break out the supply above I’ll look for price action setup for buy position, my first target will be the resistance above and the final target will be the supply at the top.

3 – If the price will reach the supply at the top I’ll open sell position there, this supply level can create a great risk-reward ratio since the target still be 2480.00 zones. also, if that scenario will come true, we will see the pattern Head & Shoulders creates.
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The5ers1

Member Since Jul 24, 2018  95 posts The5ers FX Fund (The5ers1) Dec 19 2018 at 08:53
The demand below is also the 38.2 Fibonacci level of the last uptrend, the combination of demand and Fibonacci level together is a great one, if the price will hit that demand i’ll open buy position, my target for this position will be the last high which is the 100 Fibonacci level. this position relevant for intraday forex traders.
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The5ers1

Member Since Jul 24, 2018  95 posts The5ers FX Fund (The5ers1) Dec 19 2018 at 11:26
At the long terms, the USDCAD is bullish and seems on his way to reach 1.3620 zones, yesterday the price creates a new fresh demand that broke out The resistance zone from the past, that indicates on a strong and reliable demand level, I'll wait for the price at this demand, and if the price return that demand level I'll open buy position, my target will be 1.3620 zones. as a price action trader, I really like that setup.
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The5ers1

Member Since Jul 24, 2018  95 posts The5ers FX Fund (The5ers1) Dec 20 2018 at 14:58
For the intraday forex traders, the EURUSD has created a great continuation demand of buy position, this demand has broken out a supply level which we can see from the left, it indicates the demand is a strong and reliable one, If the price return and hit this demand I'll buy there, my target will be about 100 pips above at - 1.1490 zones.
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The5ers1

Member Since Jul 24, 2018  95 posts The5ers FX Fund (The5ers1) Dec 24 2018 at 15:13
USDCAD is a nice and long bullish momentum in the long term, for now, the CCI indicator is showing divergence on 4H chart, while the price creating higher high, the CCI creates a lower high which indicates that the bullish momentum is losing power, furthermore, the price is about to reach a supply level at 1.3620, the combination of CCI divergence and the supply level Is a great one, I'll open sell position when the price touch 1.3620.
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hsgfx

Member Since Dec 12, 2017  1 posts hsgfx Dec 25 2018 at 13:25
The5ers FX Fund

I am a fan of supply/demand trading as well. However, why do you blindly enter trade at zones. Why not go in with confirmation at lower timeframes, let us say 1h? That way you can probably avoid lot of losing trades. What do you think?

The5ers1

Member Since Jul 24, 2018  95 posts The5ers FX Fund (The5ers1) Dec 26 2018 at 09:29
hsgfx posted:
The5ers FX Fund

I am a fan of supply/demand trading as well. However, why do you blindly enter trade at zones. Why not go in with confirmation at lower timeframes, let us say 1h? That way you can probably avoid lot of losing trades. What do you think?


Sometimes i'm waiting for confirmation at the lower time frame, but if i have a strong and clear level I'll act on the first touch

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The5ers1

Member Since Jul 24, 2018  95 posts The5ers FX Fund (The5ers1) Dec 27 2018 at 07:23
The USDJPY is after a- 350 pips of a downtrend, as a forex trader I’m a big fan of Supply&Demand levels, I believe that it’s all about supply and demand, the supply above is a great Supply of sell position, it’s also a support resistance zone from the near past, and, it’s also the 61.8 Fibonacci level which makes it even stronger level for sell position, the combination Of a great supply and Fibonacci level usually very reliable one.

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EURUSD 1.1019 GBPUSD 1.24675
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