Look at supply and demand, then trade after gauging

Gentlemen,

Guess why the price moves up?
Because more demand for the stock has come in

Guess why the price drops down?
Because more supply has come into the market.

SUPPLY=RESISTANCE =PRICE CANNT MOVE UP
DEMAND=SUPPORT= PRICE CANNOT DROP

How do you confirm more supply is coming in?
look at price candles. They cannot move upwards. count them.
more of them cant move up, resistance is confirmed.

How do you confirm more demand is coming into the market?
Look at the price candles. THEY CANNT MOVE DOWN BELOW A PRICE ZONE.
That zone is support zone.
Count the candles that stay above the zone,more candles more strong is support.

Buy above support zone. keep stoploss below support zone.

sell close to resistance level,if you are planning to.

------------------------------------------------------
Read this
http://www.tradingacademy.com/lessons/lessons20071026.shtm


http://www.tradingacademy.com/lessons/lessons20070913.shtm


The Objective Filter for any Indicator or Oscillator: Supply and Demand

http://www.tradingacademy.com/lessons/lessons20071130.shtm