Pastorjohn2:

This isn't my only strategy

I mainly trade based on supply and demand with a lil bit of some chart patterns and markets can definitely be over bought or over sold.

Blow my account over this strategy?
Impossible unless an account uses an outrageous lot size then besides this is demo.

DannyFX2638:


From your comments.. I can see that you are new to trading.. relax.. what the guy above is telling you is right .. that shit won't last and will blow your account.. I wanted to reply until I saw his comment

Pastorjohn2:

Yes am definitely new.

Pastorjohn2:
I keep seeing people use words like London and NY sessions

What are these pls

DannyFX2638:

The greatest favor you can do to your self right now is to leave Trading for now and go back to babypips

Pastorjohn2:
I keep seeing people use words like London and NY sessions

What are these pls

DannyFX2638:

The greatest favor you can do to your self right now is to leave Trading for now and go back to babypips

Pastorjohn2:
I keep seeing people use words like London and NY sessions

What are these pls

Tunechi5:
Looking to sell Aud jpy today broke my trend line on h1 so waiting to go below d cloud on h4 for confirmation

abham:


Hopefully watching out for a buy during the NY session to 1.2900. Reason being that the high that caused the low did not break the initial low that caused the high so the new low will come for the recent high.

Suspect33:
Which of these two brokers offer the tightest spread, OctaFX and HotForex

Suspect33:
Which of these two brokers offer the tightest spread, OctaFX and HotForex

Seunisco:
Sell eurusd at 1.1326
Sl 1.1339

Tp1 1.1298
Tp2 1.1278
Final tp 1.1250

We’re In profit

Seems we might have a break even today


Tp1 hit!

saintfaculty:
My thought process on Gold + NFP tomorrow


https://www.youtube.com/watch?v=hWZR1zVsm28

Sammyklever:
Watch cadchf closely

This is my expectation on the pair

Kaybee7000:









Boss this your AOI is from weekly TF? Or daily sorry ? Just want to confirm something

saintfaculty:
My thought process on Gold + NFP tomorrow


https://www.youtube.com/watch?v=hWZR1zVsm28

ILovebigyansh:
DEMAND & SUPPLY

so i was driving this evening & trying to process this.

You cannot sell what you don't have. There has to be demand before supply.

That's why an IPO always start with a buy. Before a sell or market correction.


PART 1


Let's say EURUSD is currently trading @ 1.13000, AFTER 8 hours it bought all the way to 1.15000 which means there was a demand (MONEY INFLOW) for the EUR against money outflow from the USD


Asumming 1.15000 was at a new all time high (on all timeframes ; no previous support/resistance) all of a sudden at exactly 1.15100 it reverses or starts to sell.


why that particular price before the sell?


Could it be that was the equilibrium price where the total volume demanded = total supply available to match the demand?


Then, for supply to happen it means some people are actually buying as the price drops from 1.15100. But more sell off means there's more volume to be sold than actually bought.


So does it mean the person that bought at exactly 1.15100 before the sell off loses money?


I guess not because if he held his position the price at some time in the distant future (which is dependent on the timeframe) will come back. Then he can sell & create liquidity for buyers at that distant future.


PART 2


From 1.15100 the EURUSD sells to exactly 1.14130 before buying again to this time 1.17200 (without a previous support / resistance; fresh new all time high prices)


Why that exact price (1.14130) before a buy?


Practically,

Check on any chart you can mark previous highs & see that MR. A bought at that high price (before a sell off) from MR. B that bought at a previous lower price.


After the sell off, price at some time came back to that initial high that MR. A bought & even went higher for MR. A to sell for a profit & MR. C bought from him at the now higher price...& So on.


Is the buying & selling part of forex a ZERO-SUM game?


But then how do you hold Leveraged products like what we trade without getting margin calls or something.


If it was in a traditional broker or on an exchange.

You can buy 1,000,000 units of EURUSD & hold.

For you to lose your money EURUSD must drop to 0.0000 which is unlikely to happen.

Tony142:
Only traders who are ready to improve their trading game this year are allow to click this link below, if u are not ready to improve your trading, do not click it


https://www.nairaland.com/6926977/not-miss-opportunity-meet-interact

Donvic4u:


The bolded is why crypto still sounds promising than currency trading..