Thread: Price Will Tell - Supply/Demand Price Action Trading

Originally Posted by ;

Exterior of a personal diary, Forex Currency trading is emblematic of trading on jubilation. Recognising and controlling that this behaviour is going to be one the greatest self-disciplinary steps ahead a trader can take.

Guilty

Originally Posted by ;

quote Guilty

Bit of pre-analysis -

I'm away next week but once more, the USDCHF D1 price is something to watch albeit in slow motion. It could be a number of weeks before (or if) this is about to run, but a turn in this context could be new direction setup.



One example from another pair of how things eventually panned out is at the recent AUDUSD D1 bull run. Beginnings have been in May of the year. Fresh demands were not tested but once direction looked like it had turned, trading pullbacks gave some good coin.

Originally Posted by ;

slight change of momentum on gold futures. Bullish momentum spikes could bring more expensive prices over 1298.8. 1293-1294 scalp is my current drama, given no volatility spikes. 1278.5 75-76 momentum depending. 75ish daily should be the primary target if this sells off powerful. Actions could be seen by 1281s. Not interested for now. Have a fantastic start to the week image

first target hit 1281, scaled. 1287 1291 above targets.
If this moves lower, will look to buy 74-75ish if momentum allows.

Originally Posted by ;

quote first goal hit 1281, scaled. 1287 1291 above aims. If it goes lower, will look to buy 74-75ish if momentum allows. image

daily hit 75.
75 hit first goal.
Still waiting for 74 entry. Momentum spike upon news release, waiting to get a cooldown or support to form down here before inputting. Could mean I miss it

Originally Posted by ;

quote daily hit 75. 75 hit target. Waiting for 74 entry. Momentum spike upon news release, waiting to get a cooldown or support to form down here before inputting. May mean I miss it picture

74 hit target, scaled.
Hourly close to support the move about 73.6 if todays reduced holds.

Can you trade gold?

Originally Posted by ;

Can you mostly trade gold?

hey rudy,
gold, currencies, sp futures, and a little oil

Originally Posted by ;

quote 74 hit target, scaled. Hourly near encourage the move around 73.6 if todays reduced holds. image image

pretty much hit all goals. Took off it a couple of ticks before my order.
Coming from the daily at 1275, I consider that making prices expensive above 1298.8 remains possible.
Trading and final above 1279ish would be essential to continue for today.
The recent shift in momentum on h1-h4 means it needs to operate its way through so itll take the time to move again (though you never know with gold lol)
1273.5ish should hold and might encourage price in regards down. Momentum will be key to evaluate this level.
If gold transactions lower, imo longs would be the riskier play with.

Hello guys,
what's your opinion about eur/usd from daily chart perspective?
It runs upward like mad but I think there might be a trend shift.

Originally Posted by ;

quote pretty much hit all targets. Took it off a couple of ticks ahead of my order. Coming off the daily at 1275, I consider that making prices expensive above 1298.8 is still potential. Trading and closing above 1279ish would be essential to continue for today. The recent change in momentum on h1-h4 means it has to work its way through which itll take time to move up again (although you never know with gold lol) 1273.5ish should grip and might support price if it comes down. Momentum will be crucial to evaluate this degree. If gold trades lower, imo longs are...

1273.5 held service and reached targets. Although theres a possibility it may swing higher not trying to swing it.
Pricing above 1281.7 necessary. It may take time to swing it even with fomc volatility.
Not seeking to long below 1272.5 currently. Cheap prices under 1257ish. As constantly momentum is key.