kate25

kate25

GbpUsd coming up on demand. See if demand holds

kate25

Price is in demand directly under supply - to go lower price needs to start breaking the support holding it up

kate25

Price is in demand with supply just above - price needs to start breaking supply to move higher. The 4hr bars are still moving down, I would want to see the 4hr or lower timeframes start to turn in favor of a long and break supply above.

kate25

Price is in supply, trend has been up so we are looking for a pullback to demand

kate25

Price is building supply above, target below

kate25

GJ basically is a continuation trade down. The levels above are being broken turning the buy orders into sell orders. However if the sellers fall here and we see price start closing above our sell orders in red then I would want to take a long. If price breaks the low again we continue down

kate25

Price is at the bottom of the swing - price should rise from here or we break the bottom and form supply above

kate25

AudUsd is in supply till crossed above taking out the sell orders and turning it into demand...trend is down till price can cross the nearest supply

kate25

We have this idea that price is in demand. Demand needs to hold to send price higher. A break below demand would see a continuation of price falling. Risk is 17 pips for the two demands and where price stands - reward is 54 pips for top level of supply

kate25

In the past three charts I talked about relationships between bars, then groups of bars and finally base of legs up and down. To build a trade set up we need all three concepts. We do not long when price is breaking supply lines, we wait for a retrace and identify areas of interest. Im going to contradict myself here because if we only take trades in the direction...

kate25

In the first two charts I talked about the relationship between bars then the relationship of a group of bars. This chart looks at how we play the base of the leg up or down and what occurs when a base of the leg is crossed under or over.

kate25

Expanding the idea of how price action develops on individual bars to a group of bars starts to paint a picture of what trend is doing. When price is breaking below buy orders we had to have more sell orders to do this. So we can say where we had buy orders is now sell orders. Look left is a common phrase in supply and demand, it refers to an area of orders where...

kate25

For interest I thought I might do a series of charts explaining how price action develops and why we see what we see on the chart.

kate25

Price has built supply above which needs to hold to send price lower into demand

kate25

Price is at the point where if we close below demand then we expect that demand to turn to supply when tested

kate25

Supply needs to hold to send price lower - if supply fails then price will head higher

kate25

price is in supply to reach the lower demand at .9911 the two smaller demands in the swing need to fail to hold price up - if they hold there are supply targets higher up.

kate25

The base at the top failed to hold price up turning it to supply. The base at the bottom remains intact and as long as it remains intact it is demand and should send price higher if we lose demand then price will decline further