trading and, as we all know, there are some pretty ridiculous statements in the trading world. We need to make sure we are selling to a novice retail trader, someone who is clearly willing to pay retail prices. At the CME where I began my career, they didnt have Monets or Picassos on the wall, they had bids and offers. Meaning, institutions/banks had large orders to sell at that level, there was a significant supply and demand imbalance at that level. OTA Odds Enhancer #2: The less time price spends at a level, the more out of balance supply and demand is at the level. Trading opportunities exist when this simple and straight forward equation is out of balance.
Feel free to send a private message to me and I will gladly online you my email address. The OTA strategy is proprietary and I would not want to discuss too much in detail here. Log in or Sign. Did anyone here take a course at the online trading academy? I don't think even they and realized it yet.
The only place art and trading come together is in the world of conventional technical analysis. Therefore, that picture on a chart is going to be few candles on the screen, not many like all the trading books say and this was the case in our trading opportunity above. How many times have you heard someone say, Trading is an art, not a science? Lastly, when price reaches supply we always want to know who we are selling. While I may get some unfriendly emails from this article, I take it as my responsibility to be very honest with people as your hard earned money is on the line with each and every trade.