Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Trading Systems and Strategies
An Introduction to a Demand and Supply Signals Strategy
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="ituglobal, post: 57257, member: 23629"] Long-term Pending Orders at Effective Demand and Supply Zones “I know, that all action on the market is there to be read in the chart: as long as one knows where to look and what to look for.” – Alan Saunders This is an introduction to a signals strategy that would start coming up later this month. It just makes sense that interested traders get familiar with the details of the strategy so that they can know what to do in any circumstances brought about by the markets. As we experience the zigs and zags of trading, we want to be sure that we’re doing the right thing. Doing the right thing means going with the flow of the markets. At a demand zone, buyers are willing to buy from sellers who’re rushing into the imbalance of the price at a wrong time. The same thing is true of a supply zone: the sellers want to sell to the buyers who want to go long when the imbalance in the price is against them. This kind of timing can scupper the effort of speculators who go into the wrong side of the market. The Demand and Supply Signals Strategy makes you buy logically low and sell logically high, and do it right. Please see the details below: Details of the Strategy Strategy name: Demand and Supply Signals Strategy Strategy type: Position trading Trading style: Discretionary Suitability: Good for part-time traders Time horizons: 4-hour charts, sometimes daily charts Order type: Pending orders (Buy Limit and Sell Limit) Entry rules: Based on powerful demand and supply zones on the charts Stop loss: 100 pips Take profit: 200 pips Position sizing: Please use 0.01 lots for each $1000 (and thus making it 0.1 lots for $10000); or 1.0 lots for each $100000 Risk per trade: 1% Risk to reward ratio: 1:2 Breakeven: You can move you stop to breakeven after you gain up to 70 pips Trailing stop: You can set up to a 50% trailing stop after you’ve gained up to 170 pips Maximum signals: 20 signals Maximum trades: 10 trades per month Duration: One month Further Note All the available signals in a month would be generated simultaneously. In the details of the strategy above, you can see that ‘maximum signals’ are different from ‘maximum trades.’ This is because not all pending orders would be filled. Expiry date is set for each pending order which is usually one month in duration. About 13 pending orders were generated in December 2013, but only 3 were filled. 2 of the trades hit their targets, giving me 400 pips, but the third trade was slightly negative. The logic for exiting it is to close it once it has reached any positivity (no matter how little). The worst thing that can happen on that trade is for it to hit its stop loss. Below is an example of how a pending order signal looks like: Instrument: EURUSD Order: Sell Limit Entry date: June 18, 2012 Entry price: 1.2572 Stop loss: 1.2674 Take profit: 1.2374 The signals would also be traded live, but only account holders at Tallinex.com may have access to that. This ensures that they get the signals in a timely manner, for prices can move surprisingly. Nevertheless, the signals would usually be published on this website. Conclusion: Many want to enjoy gains without seeing the occasional drawdowns that come with it. There’s no way around the fact that negativity will come occasionally, but we can control it so that it has no big impact on our capital, which is one way of remaining permanently triumphant in the markets. This strategy has the potential to trigger trades that have winners that are bigger than average losers on a long-time basis. One way of doing this is to let our profits run. The pressure we feel comes from us; really, we’re the ones who desire the quick profits that others are talking about. As for me, I’m content with the results I get, so I don’t care as much if people say that the profits are small. Besides, I like being the kind of trader I want to be. This piece is ended with the quote below: “By starting small and following a few simple rules, trading can be the best career on the planet!” – Rick Wright Source: [url removed] [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…