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May 21, 2021

  What is Supply And Demand?

Suppy is to Sell:

 The Supply zone means the price zone in the past where the sellers dominated.

It could be a top or old bottom that the price has broken through

Demand is to Buy:

The Demand zone means the price zone in the past that the bulls had dominated.

It could be a bottom or old top that the price has broken through

Aug 8, 2020

                                               The NVTForex PRO 3 Autu_SafeBotII 

How We Run The NVTForex PRO 3 Autu_SafeBotII Test On The GBP/USD Currency Pair?- Part 1

How We Run NVTForex PRO 3 Autu_SafeBotII Test On The USD/JPY Currency Pair Not Very Good?-Part 2

How We Run NVTForex PRO AUTO_SafeBotII Test On GBP/JPY Very Good trade ?

Jul 28, 2020

                                EUR/USD : Showing Trend Change
The Euro has rallied significantly during the trading session again on Monday, breaking
 above the 1.17 level. As we have broken above there, the market is likely to see quite 
a bit of bullish pressure still, but it is worth noting that we pulled back a bit during
 the trading session on Monday once we got well above there. It is possible we may see a 
bit of a pullback but this is a runaway trade that tells me the longer-term trend has definitely 
shifted to the upside. With that being the case, I think that the Euro has much further to go,
 maybe not necessarily because of anything going on in Europe, but mainly because of the Federal 
Reserve and its quantitative easing programs.

I think this is a market that will eventually find plenty of buyers on dips and I think that the 1.15 level 
is essentially the “floor” in the market, as it was such a major resistance barrier to overcome. At this point, it
 is likely to offer massive amounts of buying pressure if we do get down there, but I do not even know that
 we make that trip. When you look at the price chart, you can see that we have shot straight up in
 the air, pulled back, and then shot straight up in the area again. At this point, I would anticipate another
 pullback, much like the one that we had seen to for the bullish flag. We are a bit ahead of ourselves, but 
these trend changes tend to be very erratic and sudden, and most certainly volatile.

It is likely that the volatility continues but at this point, I have noticed it trying to short this market,
 even though it is overdone. This is all about the US dollar, and not necessarily about the Euro, so keep that 
in mind. The Euro is the first place people go to put their money when the US dollar collapses, just as the gold 
market does the same. The trade is stretched, so I will look for a couple of negative candlesticks before starting 
to buy again, but some type of support of candle like a hammer or some such support would have me long of this market 
and getting involved again. I am not interested in a blow-off top like we are currently threatening.

Strategy EUR/USD: BUY AT 1.15900-1.1600
                                 Ready to Attract Momentum
Bitcoin markets have rallied a bit during the trading session on Thursday, breaking above the 9400 level. 
Ultimately, this is a market that has been building a bit of a base for some time, and now looks like it 
is ready to go higher. The $9000 level has been crucial, as we have seen it offer plenty of support for 
over a month now. The 50 day EMA is sitting just below, near the $9163 level. This is a market that I think 
is going to try to reach towards the crucial $10,000 level above, an area that has been tested a couple of 
times several weeks back. It is of course a large, round, psychologically significant figure so it does make 
sense that there would be a bit of selling pressure in that area, but it is very attractive and will have people
 aiming for it.
Looking at this candlestick, you can see that we are closing towards the top of the candlestick and range of the day,
 which is always a good look because it means that traders were willing to hang out and stay long of the market. When 
you look at the longer-term chart, you can see that the $9000 level underneath is significant support, just as the 
$10,000 level above is resistance. The $10,000 resistance area extends all the way to the $10,500 level, so I think 
it is going to take quite a bit of momentum to finally break out above that area. If and when we can close above the
 $10,500 level, it is likely that we will continue to go much higher and it could kick off the next leg to the upside.

Keep in mind that Bitcoin is just now starting to get a boost when the US dollar has been sold off rather hard over the
 last several weeks, so the question is whether or not it is going to be a sustainable move? All things being equal, to 
the downside there is the 50 day EMA and the 200 day EMA, offering a “zone of support” right around that crucial $9000 level.
 I do believe that it is only a matter of time before we rally from here, but in the meantime, you have to assume that we are 
simply trading in a larger rectangle with more of an upside bias like this chart has shown us for some time.

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