Trading thin liquidity at the boundary of the charts
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DislikedWilliam, I don't think you have described this but can you please explain why you draw your support levels(blue zone) in the places that you do? thanksIgnored
DislikedFrom what I read on forum most traders scalp. This topic is about this specific segment, intraday swing trading. To me, a intraday swing trade has a minimum 50pips profit target. And the entry exit is on the same day. Why most traders scalp instead of swing trade intraday? Imo, there's zero trading strategy in this segment. If you disagree, pls point us to such strategy. Why I bring up this specific topic? Imo, the current market structure or some call it market mechanism knowledge is faulty. And outdated. I claim traders can only execute intraday...Ignored
DislikedFor today's market analysis - after yesterday's yen cross dramatic plunge, I notice a lot of signs that don't look normal for a lot of pairs. Major demarcation lines are crossed in quiet Asia session with persistent continuous intent. I expect huge volatility to follow later today. I propose to stay out of this market in early London, wait for New York session to get clearer picture. CheersIgnored
DislikedReally.interested in your thread and so far enjoying your insights which have opened up a whole New perspective for me. But unfortunately it's left me.feeling everything most people know about trading ie technical analysis, price action, hh ll etc is out the window.. so where does that leave.the.average trader? I'm confused so what is best practice here ?Ignored
Dislikedcan Bollinger Bands be used to draw or determine demarcation zones?{quote}Ignored
Disliked{quote} Hi angelofx, I use the upper and lower BB to mark the extreme boundary. Look at the demarcation zone(blue box) on my last chart. It's so clear AFTER the day progresses as price bounce off it many times. It's already there everyday, except traders don't see it. CheersIgnored
DislikedUpdate - see how banks push price above the demarcation zone(blue box) up to the dol at a rate above the ah4r top band(blue band). My question is, what TA explains for such market structure in live market which happen every trading day? Cheers {image}Ignored
Disliked{quote} This is your way of deriving context /narrative BW How do you enter your trades? What is your entry criteria? If I may.Ignored
Disliked{quote} Hi Rmg, I trade one way only. Bounce off support resistance in the direction of the trend. Example GY new York session today, even when I see banks push price above demarcation zone(blue box). That means their intent is to push price higher I don't jump in blindly. I wait for pullback to support level to make entry. This can be a few hours later. Cheers[/quote That is exactly using traditional technical analysis BW.Ignored