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- Pro Trader replied Oct 1, 2013
This is true to anything that we try to excel at, but once you are at a high level of experience & understanding then its easier to apply rules around your understanding. I find emotion extremely hard to control or eliminate & I still have this ...
Supply and demand in a nutshell by Alfonso Moreno
- Pro Trader replied Oct 1, 2013
This was my previous post after Sunday open. Here is the live set up ive just entered on a break below Tuesdays candle. You can wait for small pullback today or 60/240 supply to short but you may not get the pullback this deep into monthly supply & ...
Supply and demand in a nutshell by Alfonso Moreno
- Pro Trader replied Oct 1, 2013
Maybe im wrong but AUDJPY daily supply is now in control so I have shorted the pullback to daily supply. Its also bouncing from weekly supply (non trend direction) but has room to weekly demand. Again the monthly demand is non trend Demand but has ...
Supply and demand in a nutshell by Alfonso Moreno
- Pro Trader replied Sep 30, 2013
Hi Alfonso. Just wanted to let u know what a great job you are doing. You remind me of Jose Blasco. As an OTA grad from many years ago I appreciate your teaching methodology. Even with all the pieces of the puzzle laid out in front of you, emotion ...
Supply and demand in a nutshell by Alfonso Moreno
- Pro Trader replied Sep 29, 2013
P.S. By the way this is not your usual MACD, but RSI at standard setting is pretty close. Again back testing is key, but divergence is a filter rule I must have before taking any trade. Safe trading Pro Trader
Supply and demand in a nutshell by Alfonso Moreno
- Pro Trader replied Sep 29, 2013
I always use divergence to take a trade but back testing is key to confidence. Use in conjunction with larger time frame S & D zones for consistency. This catches the turn in price. In this instance I would wait for daily candle close then a break ...
Supply and demand in a nutshell by Alfonso Moreno
- Pro Trader replied Sep 29, 2013
Hi fellow trader's. I have been using divergence for confirmation at or very close too S & D levels but I do recommend back testing for your confidence. As an example I use daily divergence in a monthly level, 240 divergence in a weekly level, 60 ...
Supply and demand in a nutshell by Alfonso Moreno