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Small Timeframe Engulfs for Entry

By Joe Wright | January 20, 2014

As I’ve mentioned in previous articles, the engulf is one of the most important pieces of price action that I use for making trading decisions. Whether trading long or short term, an engulf of some kind will be used in the trading analysis. The daily chart is great for identifying major supply and demand in…

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How To Trade Long From Demand

By Joe Wright | January 6, 2014

Here’s a trade I took last week on the NZDUSD pair, my first trade for 2014. I took a long trade from a demand level I identified last month. What follows is a breakdown of my analysis for the trade.

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The Quasimodo Reversal Pattern

By Joe Wright | December 29, 2013

Using reversal patterns is a great way to add confluence to your trades. Having confirmation for your intended trade direction by way of a price action pattern can help make sure you trade in the right direction. One of the best reversal patterns to use in trading is the quasimodo. When combined with supply and demand…

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Supply and Demand with Support and Resistance

By Joe Wright | December 29, 2013

First and foremost, I am a supply and demand trader and this forms the basis for all of my trading decisions. Whilst the above is true I feel that it is important for me to consider support and resistance (also called SR for short) as part of my analysis when considering potential trading opportunities.

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Supply and Demand Swap Zones

By Joe Wright | December 29, 2013

Conventional technical analysis teaches how support turns into resistance and resistance turns into support (you can find more on that here). What is also true, and more significant for me as supply and demand trader, is that supply can turn into demand and demand can turn into supply. Where this occurs we have a swap…

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The Supply and Demand Engulf

By Joe Wright | December 29, 2013

An engulf is simply price action that breaks a significant level. We are interested in engulfs of supply and demand levels to confirm if higher timeframe levels will hold, and to identify possible changes in direction. This type of price action is particularly useful for those who don’t want to touch trade with limit orders…

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Supply and Demand with Compression

By Joe Wright | December 29, 2013

This describes a particular type of price action where price swings up and down absorbing supply and demand levels as it goes. It’s important to understand what exactly is happening here so that when this price action develops we know how we can react to it.

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Supply and Demand Level Test

By Joe Wright | December 29, 2013

Level Test The level test or LT is a type of PA where price leaves a level, and then comes back to test it before continuing in the original direction. They help to show the origin of the imbalance that caused a big movement in price. As a supply and demand trader I look for…

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Supply and Demand Price Spikes

By Joe Wright | December 29, 2013

Spikes in Price This type of PA is common and happens for a number of reasons. When price leaves a demand level where there is a strong supply and demand imbalance price will often rise sharply creating what I call a spike in price. The opposite is true for supply. Where price leaves a supply…

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