Surely you already know that to make a profit, you must trade according to the trend. So when the market trend is up, what to do next? It is to find the Demand zone and create a perfect combination for opening HIGHER trades. And I will guide you on how to do that simply and safely.
Note: Do not think that in an uptrend, you can enter HIGHER orders at any point. The downside corrections could make you lose at any time. So be careful.
Revise knowledge about the Demand zone
In theory, there are 2 popular Demand patterns. They are (1) Reversal and (2) Continuation.
You can read this article again to better understand the Demand zone. https://iqtradingpro.com/supply-and-demand-zones-iq-option/
And the way we trade will be:
(1) With the reversal pattern
(2) With the continuation pattern
When the market is in an Uptrend, the retest points at the demand zone will be a place for you to open HIGHER orders.
How to trade with the Demand zone in practice
Phase 1: Forex trading
Real trading with AUD/USD.
Step 1: View the AUD/USD currency pair in the 4h chart.
The price is in an Uptrend.
Step 2: Determine the nearest Demand zone.
Step 3: Wait for the price to return to this zone and open a Forex order.
– Set Stop Loss (SL) just below the demand zone.
– Set Take Profit (TP) at the old peak.
Phase 2: Options trading
Use the 5-minute chart and choose assets with a Payout of 80% or more. At the same time, determine whether the market is in an Uptrend or not. When your Forex order is profitable, prepare to open HIGHER orders.
Real trading with AUD/USD currency pair.
Step 1: Determine the Demand zone in the Uptrend.
Step 2: Wait for the price to enter this zone and enter HIGHER orders. The expiration time is from 10 minutes to 15 minutes.
Step 3: If the price bounces off the zone, stop trading and leave the market. This is a summary of my options trading orders on October 13.
The formula for safe HIGHER trades in IQ Option is Uptrend + Demand Zone + Signal.
You should notice reliable reversal candlestick patterns such as Bullish Engulfing, Three White Soldiers, Morning Star…
If you already grasp the theory, now it’s time for you to practice this strategy. However, you should do it on a demo account to avoid losing unnecessary money.
After that, you need to develop a suitable capital management strategy to make profits daily in IQ Option. Good luck and see you again.