Well this thread is not for describing a trading system. But a system that we can all test and develop over time. Last day i came across a site named forexlive.com where it says important demand/supply (offers/bids) points in the currencies. I just saw a post mentioning about GBP/USD offer/bid points around 1.3300, 1.3280, 1.3250 and so on. I waited for a momentum into this pair and entered live trading from 1.3250. The price went from 1.3250 to 1.3280 then back to 1.3250 then to 1.3300 then to 1.3280 back to 1.3300 then back to 1.3250. I almost expected this price move and it worked. Maybe my luck. But I made around $300 in an hour. Anyone in this forum able to develop a clear strategy based on this. Attached is my trade historytrade.jpg
(Discuss) Price action strategy
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