Simple's Green Room

[simplegreen]

Yep..still use SUPDEM..kinda like the Quad Tunnel...wont trade without it...BTW on that live demo trade with E/A I realized a moment ago I gave my reasons for exit but didnt elaborate on my reasons for entry..if you look at the M5 I posted you will see several factors..number one was SUPDEM support..number two was the Smoothed Heikin Ashi had caught up to price action and was fizzled down due to lack of selling and turned sideways..number three was there were as many buy candles as sell candles so equilibrium had been found and so at bottom of a move I expected tha the buyers were stepping in!>never forget one basic fact..if more buyers than sellers price will rise..if more sellers than buyers price will drop..plain and Simple(LOL)My expectation was more buyers would step in and they did.
A lot can be learned from a live excersize like this and between me and you and the fencepost I did make 22 pips on live account in the process but I posted info as if purely a demo trade...reason being is I seldom if ever take chances on someone entering at my call or my word ..have never liked the feeling of resposibility if I call one wrong and someone lost money because of it..I just dont do it and take that chance.Traders ALL must learn..and stand...alone.