What are Supply and Demand Zones?

Posted by admin on June 15, 2018

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Category: Journal
For the longest time, I was convinced I could pick the exact moment when the market was going to reverse.  Almost to the pip.  The experts would say it was impossible, but I could do it time and time again.  All I had to do was wait for price to break through and close below support, just like the books say, then enter a short position hoping to get in on the downtrend right before

Trade: Long EURNZD at Turning Point

Posted by admin on June 7, 2018

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Category: Trades
Here is an example of trying to catch the quick reversal in a demand zone with a buy stop.

Trade: GBPUSD Short after Memorial Day break

Posted by admin on May 29, 2018

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Category: Trades
Memorial Day added a pause in the market and an opportunity to get back in the trend.

Trade: Long AUDUSD on retest of Head and Shoulders

Posted by admin on May 23, 2018

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Category: Trades
This one is a test of Technicals vs Fundamentals.  Patterns on the weekly and daily show a potential reversal with a big upside, but recent news suggests strength in USD over the long run.    

Trade: Breakout and Retest

Posted by admin on May 22, 2018

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Category: Trades
This pair has been in consolidation for a few weeks after putting in a double top in mid April.  Price finally made a push lower with a close outside of the consolidation range followed by a retest.  We will have to wait and see if this breakout has the momentum for my 3R target.  I will manage the trade accordingly.
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