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Are you ready to make consistent profits in the market, regardless of the direction that the financial markets are moving? Are you tired of emotional trading, where fear or greed cause you to buy and sell at bad times? The Trading in the Zone book by Mark Douglas can help you overcome these obstacles and achieve success as a trader. Based on his experience and analysis of the markets, Douglas has developed strategies that he believes will increase your chances of success as an investor or trader in whatever type of market you find yourself in.
Trading in the Zone by Mark Douglas explains the importance of discipline and control when trading to increase your performance and trading success. This book teaches you how to take full control of your emotions when trading, whether you win or lose so that you can trade with consistency and accuracy to make more profitable trades than losses.
Supply and demand zones are a popular analysis technique used in day trading. The zones are the periods of sideways price action that come before explosive price moves, and are typically marked out using a rectangle tool in the stocks, forex or CFD trading platform.
Supply and Demand trading strategies use price returning to these zones as entry and exit criteria. The strategy is market-neutral - meaning it can be traded in forex markets, commodity futures, index CFDs etc.
This is important because understanding which phase the market is in i.e. what is the underlying trend and how long has it been in place determines which are the best demand and supply zones to look for.
In trading terms, a base is typically another way of referring to a bottom. But in the context of supply and demand, a base means a small series of candles (typically less than 10) in a tight consolidation.
This is simply when one candle is enough to draw the zone. The two candlesticks together often form a classic Japanese candlestick pattern like a hammer or shooting star or bullish and bearish engulfing candlestick patterns.
Who remembers when the fundamental analysis was considered the only real or proper way to make trading decisions? When I started trading in 1978, technical analysis was used by only a handful of traders, who were considered by the rest of the market community to be, at the very least, crazy.
If technical analysis works so well, why would more and more of the trading community shift their focus from technical analysis of the market to mental analysis of themselves, meaning their own individual trading psychology?
Free trade zones (FTZs) are designated areas within countries that offer a free trade environment with a minimum level of regulation. The number of FTZs have increased rapidly in recent years, today there are approximately 3 000 FTZs in 135 countries around the world.
The focus on the economic gains from lighter regulation and reduced customs presence in such zones has meant that guidance on countering illicit and corrupt practices has often been overlooked in their operations. Governments must adopt clear guidelines regarding the operation of Special Free Economic Zones in relation to wildlife trade, farming and consumption, as well as clear guidance on how to proceed in cases of alleged trafficking occurring in these zones. With no standard procedure in place for law enforcement authorities to act upon when receiving information on illegality in many such zones, they have become particularly prone to corrupt practices that facilitate a wide range of criminal activities, including wildlife trafficking. Recognizing the need for international cooperation and partnerships to fight international corruption and illicit trade in such zones, the OECD Task Force on Countering Illicit Trade (TF-CIT) has recommended that governments implement the Code of Conduct for Clean Free Trade Zones. National anti-corruption awareness campaigns and training programs should target these zones.
Free-trade zones (FTZs) are designed to attract trade by suspending the collection of customs duties. These incentives are frequently coupled with advantages such as simplified customs inspection procedures, liberalised incorporation regimes and physical infrastructure superior to that available elsewhere in the same country. These features can be attractive to legitimate businesses and criminal groups alike. International organisations such as the OECD, the World Customs Organization, the Financial Action Task Force and the EU have all highlighted criminal risks related to FTZs.
Companies participating in a U.S. foreign-trade zone receive many cost-saving and operational benefits, including reduction or elimination of U.S. Customs and Border Protection (CBP) duty payments and Merchandise Processing Fee (MPF). They also benefit from inverted tariffs, duty-free re-exports, and a more efficient supply chain.
More than 3,000 firms in the U.S. are currently using FTZ software in their supply chain strategy. With ONESOURCE Foreign-Trade Zone (FTZ) Management, you have the necessary tools to manage your zone operations, maximize cost-savings opportunities, and expedite the movement across borders. Interface with your external partners, create reports as needed, and use dynamic Bills of Material (BOMs) to keep inventory counts accurate.
While supply and demand zones are the same thing, zones where price could reverse, the zones come in two types based upon whether they develop from a reversal or continuation.
Reversal zones are formed by the banks and other big traders placing huge buy and sell positions. These zones are much larger when compared to the much smaller positions they place to create continuation zones.
Leave the bottom edge of the zone on the low, andmove the top edge up to the LAST SMALL CANDLE thatformed before price shot upwards and created the first big bull candle.
The upside being you will never miss a reversal, which happens from time to time with Supply & Demand.The downside being price may just blast through the zone, causing you to lose money, which happens a lot!
Now with the price action entry, we must wait for price to enter or touch the edge of the zone BEFORE entering. We want to see evidence price is going to reverse in the form of a pattern before we get in.
A bearish engulfing pattern forms soon after price enters the zone. This is our signal to get in. The engulfing pattern confirms the banks likely want price to reverse from the zone, so it gives us additional confirmation a reversal is about to take place.
You must wait for a pattern to form inside or at the edge of the zone before placing a trade. This patience confirms the banks want price to reverse. The extra confirmation allows you to avoid zones where price just blows through.
The banks need to be buying and selling with huge orders.The banks cause the zones to form by placing a few positions.The banks make price return to get the rest of their orders placed.Then, and ONLY THEN, can the banks set off the reversal.
Now, here is my problem with the idea of old zones causing reversals. If the banks want price to return to a zone, whether to place trades, close trades, or take profits, they would want it to return quickly, relative to the timeframe they are trading.
You will often see price reverse from old zones, yes. But, it is not the zone causing the reversal. It is probably some other technical factor.It could be a:Support & Resistance level,big round number,economic announcement, orany number of other triggers.
It is all- too-common for price to spike through the edge of a supply or demand zone before reversing. If you put your stop at the edge rather than leaving a slight gap, the spike will take you out and make you miss what could be a successful trade.
The only exception to this rule is if a zone forms at the top or bottom of a consolidation. These zones can cause price to reverse two or three times. They show the banks are buying/selling from similar points, so price may reverse from a zone more than once before the consolidation ends.
Remember: the banks cause supply and demand zones to form because they cannot get all their positions placed in one go. They have not been able to place/close all their trades or take all their profits.
Sure, price will return and reverse from the odd zone more than once, but it is not often. And usually, it is not because the zone itself is causing the reversal; it is due to some other technical factor that has nothing to do with Supply & Demand.
That said, it was impossible for me to cover everything about supply and demand trading in this one writing. So below, I have put together a list of my Supply and Demand articles for you to add to the knowledge you have gained from this writing.
On top of two types of zones, they can also form for two different reasons: either the banks placing trades, or taking profits off trades. Each type of zone has its own quirks and characteristics which, if you know, can help you trade them and make fewer mistakes
quick question. for test demand zone which candle must be appear red or green candle . what if whole candle touch the demand zone without wick on distal line ,does it consider rejection? if i saw demand zone in Day chart , still i have to go small time frame or not. when should i go small time frame ? your expedite reply would be wonderful. thank you