The bouncing zone strategy is a really interesting strategy. Some people call it "supply and demand levels", but I think "bouncing zones" better describes what it's about. Let me know at the end of this article if you agree with me or not. This is a strategy based on Price Action, so the setup is quite simple: No indicator at all. But this technique should work on any pair and any TF. Sometimes we see price moving very rapidly in one direction. Bounce does it mean? Let's use an example to make things simple:. Once you realise that, you just have to use this information at your advantage. Now you should understand why we call this strategy "bouncing zones". The zones from where price move quickly in one direction forex called:. So you just have to identify these supply and demand zones, place orders when the price goes back into these zones, and wait for the price to bounce. Obviously not all zones are going to work as planned. But from my experience, enough are going to work in our favor to make this system work, and make money. In the example below we see 3 trade price movement. There is a supply zone that already worked, and a new demand zone. This part is hard to explain precisely, cause there may be some rules to follow, but your also need some kind of instinct, that you can only learn by doing. Drawing zones is an "art". Anyway, the basic idea is this:. Once you identify a zone that you want to trade, you have to set up the trade. Here's how I do it with a little example. Two are demand zones topand two are supply zones bottom. Not all timeframes are created equal. Want to know why, and want to discover what are the best timeframes to use? Just subscribe to the newsletter below to receive blog updates, exclusive trade, and the free ebook! Want to get better at trading Forex? You are at the right place. On this website you will only find Forex articles that are clear and simple to understand, for free. Add your email below to receive blog updates and get some forex content. No spam, and unsubscribe at any time. If you like this website, please consider sharing it on the web or with your friends - On Twitter - On Facebook. All this website content is for education only. Trading forex is really hard, it's trade to lose money. So be careful, trade at your own risk. Let me know at the end of this article if you agree with me or not ;- The setup This is a strategy based on Price Action, so the setup is quite simple: The basic idea Sometimes we see price moving very rapidly in one direction. Trade use an example to make things simple: The zones from where price move quickly in one direction are called: Demand zone, when people want to buy and price will increase Supply zone, when people want to sell and price will go down like in the example chart above So you just have to identify these supply and demand zones, place orders when the price goes back into these zones, and wait for the price to bounce. How to identify bouncing zones Bounce zones is quite easy. All it takes is two steps: This is what we call a zone. You can see that it's quite easy to do! How to precisely draw zones This part is hard to explain precisely, cause there may be some rules to follow, but your also need some kind of instinct, that you can only learn by doing. Anyway, the basic idea is forex Look at the base of a strong price movement to find some candles moving sideways Make the zone cover all of these candles body and shadows Then refine your zone: If it's a supply zone, you do not care about the lower shadows of the candles If it's a demand zone, you do not care about the upper shadows of the candles Here are a few examples of zone drawing: Pivot lines can also be used for the TP. You should try to find zones on your own charts, and see the price bouncing into them. Forex can read part 2 of this article, or go back to the homepage to read other Forex articles. Get a free ebook: Join hundreds of other traders! Signup to the newsletter Add your email below to receive blog updates and get some exclusive content. Share this website If you like this website, please bounce sharing it on the web or with your friends - On Twitter - Bounce Facebook. Disclamer All this website content is for education only.
Bounce Trading Live Examples & Weekly forex Outlook
Bounce Trading Live Examples & Weekly forex Outlook
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And like any respectable PI, you get paid for your investigative footwork.