[Jocelyn]

Those of you who have picked up the s&r (supply-demand) baton & run with it, require no convincing whatsoever that this type of trading works on a consistant basis. Entries, partial profit taking, adding contracts to a core position, full exits....can all be planned & managed around these common technical traits.

Today, price is once again hustling a previous level of supply on the Eur/Yen from back in late February. It got pumped off the lower channel of demand at 152.0-152.80 during mid March, where previous pockets of demand shunted it north back in mid January.

I've pinched Tess' example from March 26 (page 74 post #740) to clearly highlight the journey & stuck today's snag alongside it to help quantify the process.

If you observe the Cable at current levels, you'll witness similar behaviour too from the upper 2.0100 ceiling to this lower support floor at 1.9775-9710, where price is now consolidating again.

Loading up & trailing your positions accordingly off these regular jaunts on the price map are not only viable, but incredibly cost effective.

Just one or two sensibly planned & managed trades using this type of execution model can put more money back into your accounts than several dozen trips to the intra-day trough. Plus your transaction costs & risk profiles are dramatically reduced.