Golden Supply and Demand
The only reason why price moves in any and all markets is because of an
imbalance in supply and demand. The greater the imbalance, the greater
Supply Level: It is a level where most or all buyers are exhausted and
prices turn down.
Demand Level: It is a level where most or all sellers are exhausted and
prices turn up.
Strong moves in price away from a level indicate that not all orders were
filled. For example, at the origin of a supply level, there are not enough buy
orders to fulfill the number of sell orders. This is why price moves away in
such a strong fashion. When price returns to those levels, the novice
traders are buying into an area where institutions have their sell orders.
Institutions and professionals sell to the novices then there are no more
buy orders so price must fall again. The opposite is true for demand levels.
In both cases, the novice traders provide the liquidity the institutions need
to get their orders out in the market.
The best opportunities to profit in trading are where we can buy at the
cheapest price possible (wholesale prices) and sell and the most expensive
price possible (retail prices). This is the same in any market. Supply and
demand levels on a price chart show these wholesale and retail prices.
If you pull up a price chart you will generally see a multitude of supply and
demand levels on every timeframe. …
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