Start the day, everyday by looking into everyone's mood. This is a simple way to gauge what may potentially be today's trading direction. Happy trading. P/S : as always, do not just believe what I say. Use your common sense.
The move higher seems to have stop. Why? Knowing D&S and how it affect price movement is important. But many of us do forget about this when we enter the realm of trading. As you may all know, the logic is actually quite simple, if price is aggressively moving up without a pause, where would buyers find supply in sufficient quantity and the right price?...
If you are new here, please take some time to read up on the previous 5 postings. You will benefit a lot from it. Well, some of you might thinking, is this a false breakout? I tell you it is not. If you have been a keen disciple of Demand & Supply, you should know how to separate what is true and what is false. Those who worried about false breakouts are those...
This is a continuation of my earlier post. Do have a look at the earlier posting if you have not. The BIGGEST question for all traders now is where EURUSD will move when it breaks out of the current horizontal channel. This will also answer how DXY will move. As traders, we must acknowledge that this business we are in is highly unpredictable. Always remember...
Let's discuss further on trading. Do look at the previous posts if you have not. This is the current EURUSD on 1H. You can now see clearly how the Law of Supply & Demand at work. With such clarity, things are much easier to understand. If you know what is happening in the market, your actions will be much more decisive. P/S : As always, do not just believe what...
This is the final part. Please also read part 1 & 2 if you have not. We all know that close to 80% of traders lose money. Actually, ALL got trapped the moment they set foot in this business for almost ALL will begin their journey learning the ‘Methods’ as expounded by the ‘Experts’. You can find these ‘Methods’ all over. And when you fail, it is because you do...
To succeed in anything, the prerequisite is always Common Sense. Where PRICE is concerned, only one UNIVERSAL law applies which is the Law of Supply & Demand. Seller will always sell you at the highest price and will not be held back by waves, Fibs or trendlines. Don't believe me? Next time if you pay more for your fav cup of coffee, tell me if its in multiple of...
Just take a look at the DXY. Always, as time moves on, the picture gets clearer. Patience is important. Futility - Its futile trying to predict where it will go. Some may say 'Up'. Some may say 'Down'. Once you develop a 'Conclusion', you will eventually tie yourself down. My advice is, never try to predict. Instead, have an open mind. This way, you can...