Supply and Demand trading zones refined from Monthly

This is a compiment to the previous Monthly chart that was publised and includes educational suggested tradeable supply and demand zones based on longer term Monthly Supply and Demmand analysis. What I am expexting to happen is not based on any conventional trading analysis. It is based on supply and demmand zones.
This analysis can and will change over time and is always adjusted according to what is take place with price action and supply and demand zones. One should always follow their own rules when trading and never take a trade based on someone elses analysis of the markets. Create and follow your own rule based trading plan. Have fun trading.

Bình luận:

With the USD showing strength and Gold showing weakness with geopolicitcal changes in tone, no longs at this time. Recommend waiting for a clear trend reversal on the Daily charts and then only go long in a newly formed FRESH untested demand zone in a Daily up trend.

Bình luận:

Gold still showing bearish tendancies on the Daily charts. Still a wait and see thing going on. From a traditional view of the chart a "Bear Flag" may have formed in the last week. Still a waiting game. No clear demand zones on daily for longs at the moment. News and geopolitical issues still playing themselves out.

Đã hủy lệnh:

There was no clear long opportunity that really developed out of this and no long trade should have been taken. Supply and Demand is not an exact science and requires a clear rule based strategy to trade in this fashion. Rules that keep you trade are just as important as rules that get you into a trade. Know your lower time frame setup. This is about probabilities. We all will have losing trades. Keep your losses very small (use a stop loss) and let your good trades give you at least 3:1 and beyond.