SUPPORT AND RESISTANCE/ SUPPLY AND DEMAND STRATEGY WITH AWESOME OSCILLATOR BY AHMAD DANIEL
Hello readers,
My name is Adetomiwa, I am writing this article to teach a strategy I have used for many months by Ahmad Daniel. A Youtuber that teaches forex.
To me, he is a master of forex, a scalper guru. I call him ‘Lionel Messi of Forex’. I call him ‘Lionel Messi of Forex’ because of the way he makes it easier to trade the Forex Market in most of his videos.
As I walk you through his strategy, I will be sharing links to his youtube videos and pictures for proper understanding.
Ahmad Daniel does Full Margin for most of his trades in his videos. Do not engage in full margin as shown in most of his videos but practice his strategy and use a proper risk management. Remember Forex is a Volatile Market.
The information provided in this article are not to be sold.
AHMAD DANIEL STRATEGY ON SUPPORT AND RESISTANCE (SNR), SBR (SUPPORT BECOMES RESISTANCE), RBS (RESISTANCE BECOMES SUPPORT), SUPPLY AND DEMAND ZONE AND AWESOME OSCILLATOR
Ahmad Daniel strategy in most of his video is to sell the market to a fresh demand zone and buy the market to a fresh supply zone
- AHMAD DANIEL BUYING EURUSD
Youtube link: https://www.youtube.com/watch?v=iT333U2kSWg&t=113s
In this video he was trading before the news.
Please note that trading a currency pair when it is on high impact on https://www.forexfactory.com mostly seems to be very risky. So if you are trading a currency that is on high impact for that day make sure you use a tight stop loss.
So back to the Video, in the youtube link above
He moves to the H1 Timeframe and notice that the market broke out of a support level and also made a drop base drop (DBD) which signifies a fresh supply zone.
He went further to add an indicator ( Awesome Oscillator) and plot a lower low on the price chart and also plot a lower high on the awesome oscillator.
Awesome Oscillator can be a good reversal tool when used properly and mastered. When you plot a lower low on your h1/h4 price chart timeframe and a lower high on the awesome oscillator, it can be a good reversal opportunity to buy the market combined with some other price actions.
So he went further to the 15min TF and He noticed that the price chart broke out of a resistance level which signifies a Rally Base Rally (RBR) thereby creating a fresh demand zone.
Ahmad Daniel drew out his demand zone on the 15min timeframe after the price broke out of a resistance level thereby creating a Rally Base Rally (RBR) then he started buying when the price was retracing to his demand zone aiming to take profit at the Drop Base Drop (DBD) of the H1/H4 Timeframe.
SEE SKETCHES
SEE SCREENSHOT FROM THE YOUTUBE
2. AHMAD DANIEL SHORTING GBPAUD
Youtube link: https://www.youtube.com/watch?v=AHJuNROrUiU&t=215s
In this video, He moves to the H1 Timeframe and noticed that the price chart is approaching a major supply zone on the H4 Timeframe.
On the H1 Timeframe he plot out a Higher High on the price chart and plot out a Higher Low on the Awesome Oscillator.
Awesome Oscillator can be a good reversal tool when used properly and mastered. When you plot a Higher high on your h1/h4 price chart timeframe and a Higher low on the awesome oscillator, it can be a good reversal opportunity to sell the market combined with some other price actions.
He again noticed that the H1 timeframe price chart broke out of a resistance level thereby creating a Rally Base Rally which signifies a fresh demand zone.
He went further to the15min Timeframe to plot out a Quasimodo pattern.
Quasimodo pattern can also be used as a reversal tool but must be mastered. A Quasimodo pattern comprises of Higher High and a Lower Lower on the price chart. You can check on the internet to see more pictures of how Quasimodo pattern can be plotted on the price chart.
This gives him a confirmation to sell the market after plotting on the Awesome Oscillator and also on the price chart as explained above combined with the Quasimodo Pattern to sell the market.
So He decides to sell the market to the fresh demand zone (Rally Base Rally) on the 1hr Timeframe as a Take profit.
SEE SKETCHES
SEE SCREESHOTS FROM YOUTUBE
3. AHMAD DANIEL SHORTING GBPAUD
Youtube link: https://www.youtube.com/watch?v=UkIB3Gt90T4&t=174s
In this video, He moves to the H4 Timeframe and noticed a Rally Base Rally (Price broke out of the resistance level) thereby creating a fresh demand zone
Then he noticed again that the price was already at the supply zone on the same H4 timeframe price chart.
Then he went further to 30min Timeframe and noticed a CP(Cleared Prices)
Cleared Prices are cleared demands or cleared supply but in this video they are cleared demands.
Cleared Prices are situations where price did a Rally Base Rally thereby creating a fresh demand zone and also immediately comes down to the fresh demand zone and create another simultaneously moving up and down to a potential supply zone and vice-versa.
On the 30min TF, He plot out a Higher high on the price chart and a higher low on the Awesome Oscillator.
On the 15min TF, He plot out a Quasimodo Pattern.
This gives him a confirmation to sell the market after plotting on the Awesome Oscillator and also on the price chart as explained above combined with the Quasimodo Pattern to sell the market.
So He decides to sell the market to the fresh demand zone (Rally Base Rally) on the 4hr Timeframe as a Take profit.
In this video , Ahmad Daniel was trading before the news when the currency pair was on high impact which made him a huge profit when the news turned to his favor.
Remember trading a currency pair that was on high impact on forex factory can be very risky but that does not negate the potential of his strategy.
SEE SKETCHES
SEE SCREENSHOT FROM YOUTUBE
Thanks for reading through, I hope this article helps you in strategizing on the forex market and I wish you all the best in your trading journey. Use a proper risk management as Forex market is very volatile market and there is no 100% strategy.
