DislikedHello TraderinSD: When you say sm active in your charts does that mean smart money active ? And some how by the PA and volume you can tell when smart money is active at a particular bar ? Also what does the letter B mean on the chart ? The letter D on the chart means demand I assume ? Thank YouIgnored
When you say sm active in your charts does that mean smart money active ?
Yes
And some how by the PA and volume you can tell when smart money is active at a particular bar ?
Yes...In order to move price significantly ... Relative to the TF you are trading in ... The SM have to be involved.. They trade in all TF's...There is just not enough large retail traders to move price as they do. Look at the pattern we trade...You have consolidation..Then price expansion is some direction. This expansion creates our levels. We look for those large move up or down to determine a level.
Also what does the letter B mean on the chart ?
I was using A, B, etc as reference areas. Something I could reference I would be able to reference in my post.. Nothing more than a reference area.
The letter D on the chart means demand I assume ?
No... It is a discription of the Drop-Base-Drop pattern or DBD. ( D = Drop ) ..Just a discription for the pattern I am using to determine my level.
Hope this helps
TSD