GBPAUD 1 minute chart, supply and demand areas today, where has price moved away from quickest? You don't need indicators to show you, a child could show you. image

Alphac's Journal

Every trader, successful or not has been there Zaak, and it's an important point you raise. Knowing when not to or physically not taking a trade can be the making of a trader. It's simple to say I know but take just the best trades, even if it's one ...

james16 Chart Thread

EURUSD 4hr chart, just an S & R area to watch for buys or sells as usual. image EURAUD 4hr chart, combining the last two bars to make an 8hr pinbar. With it closing between those two levels of S & R I'm not interested. image

Alphac's Journal

AUDUSD 1 hr chart update, even with major news price can comply to areas on the chart, I'll keep an eye out for any returns to the S & R levels. image AUDUSD 1 min update, price reacts to the supply area from last night. image

Alphac's Journal

An oustide bar whether a BEOB or BUOB should totally engulf the previous candle, the high and the low. Some people call them engulfing candles, don't let that confuse you, for the sake of definition don't worry about the location etc either, the ...

james16 Chart Thread

AUDUSD 1 hr chart, just an area I'm watching. image I'll also add this supply area on AUDUSD 1 minute. Major AUD news later. image

Alphac's Journal

USDJPY Final update, just to wrap this one up for today. Price finally reacts to the lower demand + S & R area, a bit of confluence is always nice. The USDJPY movement on the 1 minute chart today has just shown the power of easy to identify areas. ...

Alphac's Journal

The last three weekly bars have all failed to move higher, but you have to remember that the monthly is still a pin and has rejected a lower price to, it's just an area I wouldn't get involved with at the moment on the higher timeframes, that's my ...

Alphac's Journal

USDJPY 3rd update, price reacts to first new demand area, the demand area beneath it is better. It is a much narrower area on the chart, I would place a stop loss below the low that's beneath it. Notice that there is a S & R area there to. image

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USDJPY 2nd update, as price reacts to supply I've added a couple of new demand areas (although not great) I would normally get out of the trade before the first is reached. image

Alphac's Journal

It's always helpful with S & D trades to have an opposing area which hasn't been touched. When price is moving between areas watch for new areas being formed so you can plan when to get out of your trade or place new orders. USDJPY 1 minute today. ...

Alphac's Journal

Preferably yes, your picture is an ideal outside bar, the open and close are towards the top and bottom of the bar also.

james16 Chart Thread

GBPUSD 1 min chart, price eventually drops away from the top area. image

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GBPJPY 1 min chart, two supply areas combined. image

Alphac's Journal

GBPUSD 1 min chart, a couple of likely supply areas at the moment image

Alphac's Journal

A simple pinbar trade from January. The big round number 118.00 line has acted as a S & R area, a great looking pin and also an ideal place for a stop loss, it may be quite a confined area but the pros outweighed the cons greatly. Lots of chart ...

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The first order was at the blue box and price cut right through it stopping it out, I placed another order after price moved through it. I could see there was some demand at the red box so was pretty confident price would drop. I'm not sure of the ...

Alphac's Journal

The gap was the give away here plus you get a tall candle above it, price was moving sideways then you get this acceleration, there has to be orders left behind. Setup image Result image

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If you get two S & D areas together you can combine them as one area or just put orders at both. Setup image A bit of luck is always welcome Result image

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I said I'd post some Supply and Demand stuff in case anyone's interested, I try to keep pics of most of my trades, it's helpful. I have plenty of losers as well as winners, but these here are some trades I posted on Skype. If you know anything about ...

Alphac's Journal