If you have been reading Lessons from the Pros for any time now, or if you have graduated from an Online Trading Academy course, you know that to execute trades, we rely on supply and demand levels. The biggest question that most traders face when determining whether or not to enter a trade is whether the price will bounce or break a level. Fortunately, there are certain clues that may help you determine whether or not to take action and the direction of that action.
First of all, let me state that I am a proponent of trading bounces of supply and demand rather than chasing breakouts. If you read most trading books, they are filled with examples of breakout trades. However, how many people do you know… Continue Reading
