《Supply-Demand AND Trend Trading Detailed Trade Plan》.pdfVIP

Supply/Demand + Trend Trading Tools: Time Frames: • CCI • 1 Day • Stochastics • 4 Hour • RSI • 1 Hour • Trend Indicator - SMAs 30, 50, 100 • 15 Min • Keltner Bands • 5 Min • Market Profile tools RULES: STEP 1: Identify a possible trade setup. • In this section the chart used to identify a possible trade will be called the SETUP CHART. • Identify a currency pair that is in a trend. This can be a trend on the 1 hour up to the Daily time frame. o This requires the 50 SMA 100 SMA to be pointing in the same direction either up or down for a minimum of 30 bars. o 50 SMA has to be above/below the 100 depending on the trend. o The 30 SMA can be near or just crossing the 50 SMA, but not near the 100 SMA. o Identify price on a specific time frame pulling back from the trend to the point where price could start to reverse back into the direction of the trend. • Various techniques can be used: Identify previous areas !! PRIMARY METHOD !! of Supply/Demand that may cause price to This involves scanning your charts to the left to identify a period of time where price reverse. consolidated in a tight price range. This shows that price was at equilibrium for, meaning for every buyer of the See Appendix A for a graphical financial instrument being traded there was a seller willing to sell at the offer price.