how to set long/short positions?

By Emad | honarparvar | 2 Nov 2023


ofcourse there are many strategies and trading systems in crypto trading or forex and stock trading, so I need to mention, this is a post on Gold chart, with divergence + supply/demand trading strategy, on 15 min & 5 min timeframe.

but once you learn how to do it, you can apply it on any commodity or metal or crypto chart in any time frame and market.

so, first look:

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on the top there is an order block (OB) from a higher timeframe (1D), it just acts as a MAGNET so we are supposed to see that area once again in daily chart and for that we need a divergence in dips which is yet not likely to happen. it means it needs time.

below it $2004 till $2007.7 there is another OB, lower high and above a fair value gap. this is our 15min chart supply zone.

and we have two demand zone below the price, as I have marked.

what I do is setting two buy limits there, with small stop loss and aiming our supply zone. from the supply zone, I set a short position (sell limit) to the demand zone again. the third position can be trailed to greater targets till we get to the Daily divergence.

here is the positions:

0b8226040c57a0046a83021ba01a8f122f169b1e5056856a74a79b5c0c3f409a.png

  

I will update these three positions results.

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Emad
Emad

youtuber, business developer and Crypto enthusiast


honarparvar
honarparvar

Writing is my addiction!

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