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Supply & Demand Advanced Trading Techniques, Part 1 - The basic
In the series of webinars, we will dive deep into the core of the Supply & Demand theory and practice. We will study the anatomy of the price action according to the rules of Supply & Demand. We will at least now easily spot high probability entry levels, time our trade for precision, plan and manage risk.
Until release day, we expect a continuation of the actual Bullish trend. A positive surprising data value could reverse the actual trend direction.
Key Levels:
Resistance 1.2175, 1.2230
Support 1.2000, 1.1875
Trend:
Bullish
Two weeks ago, the price broke important resistance levels. It is now trading in a range close to a supply area.
Call to Action/Trade Idea
We will look for any opportunity to join the bullish trend. Any retracement or pullback. Only an unexpected important positive release might overturn the actual trend.
Weekly trade idea for EUR/USD
Week: 21-25.12.2020
Key event: USD. GDP
The Gross Domestic Product Annualized shows the monetary value of all the goods, services, and structures produced within a country in a given period of time. Is a gross measure of market activity because it indicates the pace at which a country’s economy is growing or decreasing.
Until release day, we expect a continuation of the actual Bullish trend. A positive surprising data value could reverse the actual trend direction.
Key Levels:
Resistance 1.2280, 1.2400
Support 1.2175, 1.2000
Trend EUR/USD:
Bullish
Last week, the price broke important resistance levels. It is now in an expansionary bullish phase.
Call to Action/Trade Idea
We will look for any opportunity to join the bullish trend. Any retracement or pullback. Only an unexpected important positive release might overturn the actual trend.
The Lower Hanging Fruit - Forex Money Management Strategy
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The number of new jobs created during the previous month, in all non-agricultural business. The monthly changes in payrolls can be extremely volatile, due to their high relation with economic policy decisions made by the Central Bank.
We expect a lower reading than the previous month.
Until Friday, we can expect a weakening of the USD against other currencies. It would require a positive surprising release for the USD to strengthen against other currencies.
Key Levels:
Resistance 1.2300, 1.2400
Support 1.2150, 1.2070, 1.2000
Trend EUR/USD:
Bullish
Price is testing 1.2300 resistance. Last week, the price closed with a bearish engulfing candlestick and MACD divergence.
Call to Action/Trade Idea
We will look for any opportunity to join the bullish trend. Given the divergence, we might see a retracement to support levels. From there we will look for buying opportunities.
Until Friday, we can expect a little strengthening of the USD against other currencies. It would require a positive surprising release for the USD to strengthen against other currencies. This data will not likely change the actual bearish trend for the USD.
Key Levels:
Resistance 1.2300, 1.2400
Support 1.2150, 1.2070, 1.2000
Trend EUR/USD:
Bullish
The price tested 1.2300 resistance level. Last week, the price closed with a bearish correction, approaching important support levels.
Call to Action/Trade Idea
We will look for any opportunity to join the bullish trend. We might see a retracement to support levels. From there we will look for buying opportunities.
Until release day, we expect a continuation of the actual trend. A negative surprising data value could reverse the actual trend direction.
Key Levels:
Resistance 1.2800, 1.2900
Support 1.2635, 1.2530
Trend USD/CAD:
Bearish
Last week, Price broke important support levels and closed with a bullish engulfing candlestick. We can expect some bullish pressure or consolidation at the beginning of next week.
Call to Action/Trade Idea
We will look for any opportunity to join the bearish trend. Any retracement or pullback. Only an unexpected important negative release might overturn the actual bearish trend.
Until release day, we expect a continuation of the actual Bullish trend. A positive surprising data value could reverse the actual trend direction.
Key Levels:
Resistance 1.2300
Support 1.2070, 1.2000
Trend EUR/USD
Bullish
Price reacted to 1.2300 key resistance level and it is ranging now between 1.2070 and 1.2300.
Call to Action/Trade Idea
We will look for any opportunity to join the bullish trend. Any retracement or pullback. Only an unexpected important positive release might overturn the actual trend.
Supply and Demand Forex – The Highest Accuracy Method
Gil Ben Hur, The5ers CEO, will prepare us for this new year from a Supply and Demand perspective. He will explain the core concepts of Supply and Demand, and highlight key levels on the market to take advantage of in this new year.
Weekly Trade Idea for EUR/USD
Week: 1-5.02.2021
Key event: USD. Non-Farm Payroll
The number of new jobs created during the previous month, in all non-agricultural business. The monthly changes in payrolls can be extremely volatile, due to its high relation with economic policy decisions made by the Central Bank.
We expect a higher reading than the previous month.
Until Friday, we can expect a light strengthening of the USD against other currencies. It would require a very positive surprising release for the USD to really strengthen against other currencies.
Key Levels:
Resistance 1.2300, 1.2400
Support 1.2070, 1.2000
Trend EUR/USD:
Bullish/Neutral
Price is ranging between 1.2300 and 1.2070. Last week, the price closed near support with a rejection of them.
Call to Action/Trade Idea
We will look for any opportunity to join the bullish trend. We might see a retracement to 1.2000 support levels. From there we will look for buying opportunities.
The GDP is considered as a broad measure of the UK economic activity. Generally speaking, a rising trend has a positive effect on the GBP, while a falling trend is seen as negative.
We expect a similar reading to the previous month.
We do not expect this announcement to be relevant for the behavior of the GBP against other currencies during the week. More likely the technicals will be predominant. Only a very unexpected final data would affect the price action.
Key Levels:
Resistance 1.3750
Support 1.3620, 1.3480
Trend GBP/USD:
Bullish
Price closed last week at resistance, after an aggressive rejection of support and creating a very clear demand area visible on the 1h timeframe.
Call to Action/Trade Idea
We will look for any opportunity to join the bullish trend. We might see a breakout of actual resistance or a pullback to the last formed demand zone.
Indicator of the economic situation in the UK services sector. It captures an overview of the condition of sales and employment. Any reading above 50 signals expansion, while a reading under 50 shows contraction.
We expect a similar reading to the previous month.
We do not expect this announcement to be relevant for the behavior of the GBP against other currencies during the week. More likely the technicals will be predominant. Only a very unexpected final data would affect the price action.
Key Levels:
Resistance 1.3900, 1.3950
Support 1.3750
Trend GBP/USD:
Bullish
Price broke last week the 1.3750 resistance and closed with an important bullish candle. It is heading now towards the next resistance levels.
Call to Action/Trade Idea
We will look for any opportunity to join the bullish trend with a target on the next resistance levels. The previous resistance level is now important support.
gbpusdidea1819×849 141 KB
RBNZ Interest Rate Decision is announced by the Reserve Bank of New Zealand. If the RBNZ is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the NZD.
We expect a similar reading to the previous lecture.
We do not expect this announcement to be relevant for the behavior of the NZD against other currencies during the week. More likely the technicals will be predominant. Only a very unexpected final data would affect the price action.
Key Levels:
Resistance 0.7320, 0.7400.
Support 0.7150, 0.7000
Trend NZD/USD:
Bullish
Price broke last week a tight indecision range and closed on the upper ranges close to a resistance level.
Call to Action/Trade Idea
We will look for any opportunity to join the bullish trend with a target on next resistance levels. Previous resistance level is now an important support.
Why Taking a Loss is the Most Difficult Thing to Do in Trading
Taking a loss in the trading is no fun. How can traders take their losses in their stride without it affecting them emotionally and psychologically.
If traders can understand why it is so very difficult to take a loss in our profession, rather than to take a loss in another profession - we may be able to understand and accept it more easily.
We do not like to be wrong. Accepting that we are wrong is one of the most difficult things to do. But in trading, accepting this will save you a lot of money and it’s really the best thing you can do for yourself and your trading career.
