The zone at no 3 not considered as Cp zone because it is not imbalance, it is a case of balance.
The rule says that there should be one candle consolidating away from the zone of imbalance.
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DislikedHi Vsm,rule says "AFTER 3 CP PATTERN WE CONECT A TRENDLINE" Repeat "CP PATTERN" DROP-BASE-DROP i don't care if that zone not imbalance or not supply,BUT there it is 3 CP PATTERN and we can conect descending or bearish trendline! and Vsm you incorrect no.3 cp is imbalances not balance,btw congrat's your open position! NICE! Hi Connom and Chawl you miss one look at this! {image} to all MAKE SENSE???Ignored
Disliked{quote} If I can't see no major 'imbalances', I stop to tinker price action with forged trendlines in that timeframe because I begin to see hallucinations of non-existing trends. EURUSD is in monthly consolidation for at least ~14 months and clearly in 'balance', there are wicks everywhere, so I would not prefer to add new trendlines to monthly charts till I see more clear marubozus, ERCs, consolidating aways, valleys, peaks, etc. and I will consider monthly as having 'no clear direction'. IMHO your last monthly trendline gives a false impression...Ignored
DislikedHi Vsm,rule says "AFTER 3 CP PATTERN WE CONECT A TRENDLINE" Repeat "CP PATTERN" DROP-BASE-DROP i don't care if that zone not imbalance or not supply,BUT there it is 3 CP PATTERN and we can conect descending or bearish trendline! and Vsm you incorrect no.3 cp is imbalances not balance,btw congrat's your open position! NICE! Hi Connom and Chawl you miss one look at this! {image} to all MAKE SENSE???Ignored
Dislikedgbp/nzd: monthly is in an uptrend, weekly is down, daily is down. Set and forget longs at daily, weekly nested within monthly demand {image} {image}Ignored
Disliked{quote} Also was waiting for this trade, today Buy limit worked and opened order on weekly TF. We'll see where price will go {image}Ignored
Disliked{quote} Hi rokutata I am also observing the same set up The upper zone is the CP against the trend on weekly ( CP even if nested in higher time frame needs confirmation), so I am awaiting for the confirmation type trade on daily ( waiting for new daily imbalance to form) Lower zone I am having SET & FORGET type order.Ignored
Disliked{quote} Hi rokutata I am also observing the same set up The upper zone is the CP against the trend on weekly ( CP even if nested in higher time frame needs confirmation), so I am awaiting for the confirmation type trade on daily ( waiting for new daily imbalance to form) Lower zone I am having SET & FORGET type order.Ignored
DislikedHello guys, still learning about S&D methodology. newbie question: What does 'CP' stand for?Ignored
DislikedEURJPY broken the monthly demand @118.7 Analysis for the same is as follows Monthly:- Observations:- 1) Price within descending momentum line. 2) Demand taken out 3) New level of supply formed Conclusion: - Clear down trend as price momentum & trend is in alignment. Decision matrix:- Sell at the supply Weekly:- Observations:- 1) Price within descending momentum line. 2) Demand taken [email protected] 3) New level of supply formed Conclusion: - Clear down trend as price momentum & trend is in alignment. Decision matrix:- Short sell at supply Daily:- Observations:-...Ignored
DislikedEURJPY broken the monthly demand @118.7 Analysis for the same is as follows Monthly:- Observations:- 1) Price within descending momentum line. 2) Demand taken out 3) New level of supply formed Conclusion: - Clear down trend as price momentum & trend is in alignment. Decision matrix:- Sell at the supply Weekly:- Observations:- 1) Price within descending momentum line. 2) Demand taken [email protected] 3) New level of supply formed Conclusion: - Clear down trend as price momentum & trend is in alignment. Decision matrix:- Short sell at supply Daily:- Observations:-...Ignored
Disliked{quote} Nice supply and demand analysis on EUR/JPY, thanks for sharing my friend. So we must go long on EUR/JPY? Down we go Cheers, Alfonso www.set-and-forget.comIgnored
Disliked{quote} Monthly:- Observations :- 1) Ascending trend line broken. 2) Demand taken out 3) No possibility of drawing descending trend line. 4) Monthly demand in control & price low in the monthly curve. 5) New supply zone formed at break of trend line @ 1.3820 Conclusion :- Down trend, Decision matrix:- Sell at supply zones Weekly:- Observations :- 1) Ascending trend line broken 2) New supply levels are formed & demand taken out 3) No possibility of drawing descending trend line 4) CP supply zone just above monthly low curve 5) Price bouncing of weekly...Ignored