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61.8 Fibonacci With Supply Level On SPX500 Index 14/01/2019The SPX500 Index has suffered like all the other indices and markets from what looks like massive sell orders which cause the price to drop down, and now it seems the price has a Technical retracement, I measured the last downtrend on a daily chart with Fibonacci and find out that 61.8 level is a great one for continuation sell position, it's 61.8 Fibonacci level, But it's also a great supply level for sell position, I believe that the last low at 2350.00 zones is not the final destination for this bearish momentum and the price tends to reach 2150.00 zones, therefore I'll sell at the supply above and my target will be 2150.00 zones.
SP:SPXShort
by the5erstrading
Long Term Destination For EURUSD Based On Supply & Demand 10/01As a price action forex trader, my trading decision based mostly on Supply & Demand, the EURUSD now is bullish, and if we look at the daily chart, we can see that the next supply is Waiting at 1.1720, therefore I believe the price will tend to reach there, in order to join this bullish momentum, I'll wait for the price at the new fresh demand below, this demand is a Great continuation level for buy position, my target will be 1.1720 zones.
Long
by the5erstrading
2
Price Action Key Levels For XAUUSD 09/01/2019As a price action forex trader, I trade only at supply or demand levels, those levels also function as a final target for my positions, in the picture I attached we can see the support zone Below, if the price will breakout this support it indicates the price tends to reach the demand below and maybe the demand at the bottom, if the price will break the support, I'll look For price action setup for sell position, I'll usually look for a new fresh supply that broke the support, and if I'll find what I look for, I'll sell there, my first target will be the demand Below, and the final target will the demand at the bottom which is also a great demand for buy position.
FX:XAUUSDShort
by the5erstrading
Gold short on Slope Rider and bounce off pivot R1the Slope Rider by Savius has been signalling divergence all morning for short entries. Price has moved above yesterday's POC at 1254 and hit R1 at 1257.5 I don't believe it has the strength to break above daily MA 208 at 1260. I enter my short order with the protection of this strong resistances. watch out for stop hunters! target is pivot S1...obviously I'll close the trade earlier depending on how the day goes. check out my website for more info on Savius Slope Rider and how I'm earning a funded account with Earn2trade following my Trading Plan.
FX:XAUUSDShort
by FundedTrader
Head & Shoulders 4H Chart USDCAD 03/12/2018As we can see on the 4H chart, there is a potential that the price will create a Head & Shoulders pattern, If my prediction that I marked on the chart will come true, we will see the Head & Shoulders pattern up there, the reason I'll sell at the supply above is not the pattern, I'll sell at this supply because it's a level with unfilled orders waiting there for the price To come back, Also, this supply has changed the bullish momentum to bearish, this supply created after this week starts with a GAP at the price, I'll sell high and buy low, meaning, I'll sell at the supply and my target will be the demand below.
Short
by the5erstrading
Combination of Fibonacci And Price Action EURJPY 29/11/2018This kind of setup is my favorite one, a great new fresh demand below us, which is also 61.8 Fibonacci level of the recent uptrend, the combine of this two make me feel more secure About this opportunity, I'll buy at the demand below, my first target will be the last high, and for those who want to take it further, 130.00 is the final target, I'll consider this position As a daytrade opportunity with a possibility to continue as swing position.
Long
by the5erstrading
2
Swing Supply&Demand For USDCHF 28/11/2018As a swing trader in the forex market, I always prefer to mark the key levels supply&demand before and be ready with a limit orders, the supply above us, is a changing momentum one, this supply start the bearish momentum, I'll wait for the price at this supply to sell, for now, the price struggling to move up, and as long as the price will keep struggling it Indicates the buyers have no power in this uptrend, and it's safer to sell at the supply above, my first target will be the support below, and the final target is the demand at the bottom Which is also a great level for buy position.
Short
by the5erstrading
Day Trade Opportunity With Fibonacci Series Analysis For USDJPY As we can see for the short terms, USDJPY is bullish, therefore I'll prefer to look for buy position and join the bullish momentum, I took the recent bullish wave, and use the Fibonacci Series to decide where is the best price to buy, at the moment we can see the retracement of the price, and the 50% Fibonacci level looks like a great level of buy position, as a technic Analysis forex trader I always prefer to look for more indications at the price, in that case, the 50% level is also a fresh demand level, therefore, if the price will keep move down to the 50% Fibonacci level, I'll buy there, and my target will be the 100% Fibonacci level.
Long
by the5erstrading
Swing Price Action Analysis For SPX500 25/11/2018S&P 500 - The supply level above is the same supply i marked and mentioned in my last post on S&P 500, this supply is still relevant and if the price will return to that supply I'll Sell There, but for now, there is more chance the price will break the support that holds the price now, if that happens, I'll look for a new supply or other price action setup of sell position, My target, in that case, will be the demand below, if the price will start to rise up again, I'll sell at the supply above.
SP:SPXShort
by the5erstrading
Long Terms Supply&Demand For USDCAD 22/11/2018As we can see, the momentum for USDCAD is bullish, I marked the demand below as a great continuation level for buy position, if the price will hit that demand I'll buy there, my long Terms target will be 1.3600 zones, another scenario that I would like to mention is if the price will break that demand and keep falling down, in that case, the momentum will change to Bearish momentum, and it indicates that the price most likely on his way to reach the demand at the bottom, if that happens, I'll look for price action setup for sell position and the Demand at the bottom will be my target.
Long
by the5erstrading
S&P500 short on Slope Rider and PivotsI think S&P500 is trying to push towards a resistance level at 2657, a high volume from yesterday and Pivot P for today. I've got my Sell Limit order up there. Keeping a tight stop loss at 10 ticks, market may be slowing down drastically today, tomorrow is Thanksgiving Day in US and Friday markets will close early. Target recent bottom of 2640. Prices are from ESZ8, december contract. see on my blog how my participation in The Gauntlet is going
FX:SPX500Short
by FundedTrader
Long Term Price Action Analysis For USOIL 20/11/2018For the long terms, as we can see on the daily chart, the USOIL is in a strong bearish momentum, I marked the next fresh supply&demand as a critical key level to look for a position, Above us there is a great supply level which can be a continuation of sell position, if the price will return that level I'll sell there, my first target will be the demand below, and the Final target is the demand at the bottom. as a price action forex trader, I trade only with limit orders.
TVC:USOILShort
by the5erstrading
Waiting For Breakout Price Action On GBPJPY 19/11/2018As a price action forex trader, I'll wait for the price to break the resistance zone I marked on the chart, if the price will break the resistance zone it indicates the price on his way to Reach the next critical level which is the supply above, I won't buy immediately at the breakout, but I'll look for a good price action setup of buy position, my target will be the supply Above, and I'll consider this trade as an intraday position.
Long
by the5erstrading
GOLD Long idea on Pivot Strategy and Savius Slope Rider signalI'm expecting Gold to break above the Pivot P and go upwards to R1. Why? Savius Slope Rider has fired the buy signal, price is just getting out of the buy volume area and bouncing off the Regression Channel, and it's above the MA Hull, which is great! (the screenshot with all these indicators can be found on my website) I am not entering the order until price breaks above P, and retraces to it: this way I will enter the price with a confirmation (a standard Ross Hook), and keep Pivot as support and protection for my order (which works and is also very useful psychologically), it may take a while before Gold decides to make its move, so I don't want to be stopped out; or it may just as well change tend and go bearish. remember: we are not foreseeing what the market will do, we are reacting to price movement and managing risk! Target is top of Regression Channel, or R1: 1228, depends on how strong the trend is. Also previous POC is at 1229.
FX:XAUUSDLong
by FundedTrader