Friday, February 6, 2015

supply and demand trades

Hi fellow forex traders,

Just wish to share 2 trades which were entered based on supply and demand technique taught by Mr Benny Liang.


This was a UsdCad sell limit trade, based on supply and demand. The structure & location of the price level were checked before entering the sell trade although the trend of the price level was up trend at that moment. Here's another trade.


This was a CadJpy buy limit trade. Similarly, based on supply and demand. Location was also checked.

Took some profits off the table from both trades since the next day would be US non farm payroll announcement - which might cause big reactions to the positions.

Thanks,

Tony Chai
Posted by at

4 comments:

  1. UnknownJune 17, 2015 at 6:20 AM

    Hi Bro,
    How did you find the supply and demand whether does used any tools or TA
    Very interesting your blog and appreciated for your sharing info.

    Thanks
    Steven

    ReplyDelete
  2. Tony ChaiAugust 31, 2015 at 6:29 AM

    Thanks. The technique is based purely on price action.

    ReplyDelete
  3. UnknownApril 17, 2016 at 12:03 AM

    Hi Tony,
    Nice to meet you. Very thanks with your share, do you mind to share more what we have to take care for trade better?

    Thanks,
    Elise

    ReplyDelete
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