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| Supply Demand EA https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=2060 |
Page 7 of 43 |
| Author: | fx800 [ Sat May 04, 2013 6:23 pm ] |
| Post subject: | Re: Supply Demand EA |
GOLD DT wait for PA to retrace and sell from resistence. |
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| Author: | fx800 [ Sat May 04, 2013 6:36 pm ] |
| Post subject: | Re: Supply Demand EA |
USDCHF OB picture unclear, as USD strengthening because of good payroll numbers last Friday, so I would be weary about selling USDCHF just yet. Besides, Euro may fall due to ECB cutting interest rates on Thursday, and the Euro trades inversely to the USD. So, wait and see. If Euro goes up, then sell USDCHF. |
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| Author: | fx800 [ Sun May 05, 2013 11:32 am ] |
| Post subject: | Re: Supply Demand EA |
One thing I look for when trading price action is to LOOK FOR PRICE BOUNCING OFF SR, PIVOTS, TRENDLINES, FIB LEVELS, MA etc When you see SR occurrring in the same area as a PIVOT ,TRENDLINE, FIB LEVEL or MA , THAT IS CONFLUENCE, and makes the signal stronger. (The Auto-TL indi will come in handy here, drag it on to the chart only when you want to use it, otherwise your chart will be too cluttered.) I have abandoned the idea of the supdem ea. The reason is quite simple. While trading SR ZONES, I was subconsciously looking for other price action confirmations which may not easily be coded. I will be trading H4 charts in the coming week due to time constraints. |
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| Author: | fx800 [ Sun May 05, 2013 7:02 pm ] |
| Post subject: | Re: Supply Demand EA |
Monday is a Bank Holiday in the UK, so the volume is likely to be lower than usual. |
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| Author: | fx800 [ Mon May 06, 2013 10:08 am ] |
| Post subject: | Re: Supply Demand EA |
Not trading today as it is May Bank Holiday in the UK. There market is a bit slow today, one nice short on GBPUSD early in the morning while I was asleep. The Aussie exended its fall after a piece of economic news this am. If you had a look at the Liteforex index at midnight gmt, you would have seen the USD strengthening and the Aussie and Kiwi weakening, so the best pairs to trade would be sell AUDUSD and NZDUSD. |
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| Author: | fx800 [ Mon May 06, 2013 10:53 am ] |
| Post subject: | Re: Supply Demand EA |
China services growth slows sharply(see FF cal), more trouble for the commodity currencies the Aussie and the Kiwi. I would not buy the Aussie at the moment, wait for retrace to resistance and sell, confirmed by H4 STOCHS OB. |
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| Author: | fx800 [ Mon May 06, 2013 1:56 pm ] |
| Post subject: | Re: Supply Demand EA |
deleted. |
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| Author: | fx800 [ Mon May 06, 2013 2:04 pm ] |
| Post subject: | Re: Supply Demand EA |
Liteforex index USD strengthening, and EURO weakening, so EURO is bearish this pm. Wait to sell from R WITH STOCHS OB. |
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| Author: | fx800 [ Mon May 06, 2013 2:10 pm ] |
| Post subject: | Re: Supply Demand EA |
I am not trading today. As it happens, GOLD did retrace to R zone and H4 stochs OB and sell off from there. |
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| Author: | fx800 [ Mon May 06, 2013 2:32 pm ] |
| Post subject: | Re: Supply Demand EA |
GBPJPY H4 UT stochs and rsi stuck at the top, it is retracing. Look to buy from S zone with stochs OS. The resistance for GBPJPY has turned into support. |
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