We went through a few scenarios and instruments wearing our supply and demand glasses, both Forex currency pairs and Stocks like EURJPY, GBPJPY, AIG US Stock, Axis Bank Indian Stock and others.
It’s funny to read many comments from the attendees in the chat box, they mostly want to know if they can buy, where do they place their SL. They are expecting my permission to take action. These webinars are for educational purposes, you must know when you can and when you can’t trade, and in order to do that you must do your homework.
We saw how new levels are respected in a trend and how imbalances against the trend are usually lower odds.
Learning a strategy takes months, many months, even years. What happens is that most of us DO NOT want to put the time, effort, sacrifice, belief and commitment to learn. Make sure you don’t fall in that trap, any strategy can work, you just need to put the time and commitment, make sure you are devoted to a single strategy and want to master it, that’s the only thing that separates a non successful trader from a successful trader… to focus on a single strategy with the intention to master it, no matter how many hurdles or how many times you stumble and fall, you just stand up and continue trying to master it.
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High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in Forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.