Monday, May 1, 2017

Supply and Demand zones are...

Originally posted on Saturday, January 28, 2017

...the new fashion among traders...
I would say...Supply/Demands zones my @ass .... Especially, when this is an indicator that you can find in every forex forum. As every technical indicator works great when you read EOD charts (previous article) but it sucks when you trade in real time. Do you know why? Because usually, they are repaint zones...




Oh yes..I have tried these zones few times, however I am/was looking extra confluence with my tools. For every valid zone, you have one violated zone...So it's better to flip a coin. Same probabilities...

My advice....Look for specific pattern according to these zones and then trade...Otherwise, this will be one more painful indicator in our trading @ss....

Indeed, there are real supply and demand zones however you need to have a specific trading profile in order to use them correctly. I am laughing when I see short term traders using these zones..Think and search more about this..

THEHAWK




1 comment:

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