Disliked{quote} Trading supply and demand blindly certainly is gambling, and that's always made me feel very uncomfortable. That's what made me look deeper into the actions of the ITs. Simply studying them and decoding their algorithms has made it very clear that supply and demand are just as much a smokescreen as the fib or the trendline or countless other conventional analysis tools. They're made to work sometimes and not work others.Ignored
Disliked{quote}If you can look beyond S/D, you'll see that the Flag Limit is the only true place to look for PA for a trade. Trade these levels and you're taking gambling out of your method.Ignored
But now my question is , what is the significance of a flag (range/sideways movement?
If you went to a higher time frame, wouldn't a flag look like a range/inside bar?
Second is a flag just a range period, from what I see, thats what it looks like to me. price made a move and then ranged.
So my question is , the flag is where orders are coming in the markett, (imbalance occurs) so that's where their stacked?
If so looking for the engulf of these upper limit flags or lower limit means that it is an indication that the remaining orders are no longer their and price can go higher or lower depending on the direction of price into the zone?
Correct me if I am wrong and my thinking is skewed?
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