Hi , my name is Snir and i'm a professional forex trader for the last 10 years , also a Founder & CEO of The5ers.com a prop trading fund .
we offering a great career opportunity with extraordinary growth plan.
In the intraday term, the DAX index seems to be bearish, the supply
Above us looks a great continuation level, I believe the final destination
For the price is the demand below, therefore if the price will back now
To this supply, I'll sell there, my target will be the demand below,
It's a day trade opportunity.
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Reading The Story Of The Market - Part 1 - Order Flow
The5%ers Proprietary Trading Fund
The charts are the market’s transcript. It writes the narrative of the everlasting battle between the opposing parties, the buyers, and the sellers. The winner is whoever throws more orders and gets to push the price to his direction of profits.
Learning to read the story of the order-flow allow us to better understand price behavior and
therefore to become better and reasoned traders.
Order flow analysis is a simple yet powerful reading methodology, which explains more about price
movement than any other method and provides better and efficient outcome prediction probability.
After the recent uptrend, i prefer to wait for reversal opportunity,
If the price will breakout the confirmation level, it indicates the
Bullish momentum changed to bearish, in that case, i'll look for P"A
Setup to open sell position, my first target will be the demand below, And the final target is the demand at the bottom.
At the moment USDJPY seems to be bearish, and most likely will Stay bearish until the price reaches 111.20 zones, the supply above Seems a great level of continuation trade if the price retrace to this Supply I'll sell there, my target will be 111.20 zones.
Compare to the recent uptrend the USDJPY is now changed from
Bullish to bearish, the supply above is a great continuation level, I believe
The price didn't reach his final destination yet and he will tend to reach the
Demand below, therefore if the price will retrace the supply above I'll sell there, And my target is the demand below.
Trade of the day by The5%ers Prop Fund, K.W from the United States again with a swing trade on USDJPY, 74 pips profit with very low DD, well done K.W. The5%ers team love trades with minimum risk.
https://www.the5ers.com/blog/327-trade-of-the-day-usdjpy-08-01-18
Next fresh supply & demand for GBPCAD, both are great levels
For swing term positions, the first of which the price will reach,
I'll open position there, if the price will hit first the supply above
I'll sell there and my target will be the demand below and vice versa If the price hit first the demand.
Those are the next great supply and demand levels for long and
Swing term positions, the supply above us is a great level of swing term,
If the price retrace this level before hit the demand below, I'll sell there,
My target will be the demand below, this demand also a great level of long-term
Buy position, I'll buy at this demand, and my target is 1.5500 zone.
Reading The Story Of The Market - Part 1 - Order Flow
The5%ers Proprietary Trading Fund
The charts are the market’s transcript. It writes the narrative of the everlasting battle between the opposing parties, the buyers, and the sellers. The winner is whoever throws more orders and gets to push the price to his direction of profits.
Learning to read the story of the order-flow allow us to better understand price behavior and
therefore to become better and reasoned traders.
Order flow analysis is a simple yet powerful reading methodology, which explains more about price
movement than any other method and provides better and efficient outcome prediction probability.
After the recent downtrend, I prefer to look for reversal opportunity,
If the price will break the confirmation zone, it's a sign that the price
Tends to reach the supply above, therefore I'll look for P"A setup for Buy position, the target will be the supply above.