very important level right now indeed.
major supply zone.
was a sticky one in the past as well.
just to give a heads up !
jonas
Hero calls followed by margin calls...
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DislikedIt was tested 2 times. Second time didn't provide an upward movement - no buyers. So normally look for the next demand level
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very important level right now indeed.
major supply zone.
was a sticky one in the past as well.
just to give a heads up !
jonasIgnored
DislikedHi Myrza,
We had a almost similar charting....
had enter at 4221 at 1645hrs and decided to exit at 1804hrs with 50pips.
Now looking at the movement, was wondering -> attached chartIgnored
DislikedYeah sorry. Somehow chart bugged . I think Orbital wanted the lower demand level because price tested upper demand level 4 times.
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DislikedYes but when the chart was posted touch number 2 was actually happen.
I'm asking this because I have still problems with the valuation of s&d zones.Ignored
DislikedSorry..I didnt notice your post
that tl will be a bit tough.
I would be looking at X for my short entry targeting 4150Ignored
DislikedSorry..I didnt notice your post
that tl will be a bit tough.
I would be looking at X for my short entry targeting 4150Ignored
DislikedAttachment
You already know where was the first test of the demand level. Also you can see the second (white point) and it moved up a bit then 2 candles later ( the big one) just went down like a train. If I were trading this I would thought demand consumption. Probably Orbital assumed the same. But then 3 candles later engulfing one came and thats where the buy started so the situation is all about trader discretion. Some will take it some wont. Better ask Orbital himself. He knows the answer why he didnt take it lolIgnored
DislikedHi,
your commentaries are welcome.
When I try to milk the marked I always get my a.. burned. I see so much fake moves and fake PA, stop hunts, shake outs...that it's difficult to make a pip when I'm not very picky.Ignored
DislikedHi,
I have attached a picture which shows where I see problems. Looking forward for a reply.Ignored
DislikedSell commodities, buy dollar!
Now the market is going to prove me wrongIgnored
DislikedHello !
Thanks for asking. And sorry for the late response, I'm not trading today, so was away a bit.
My answer might disappoint you from a technical point of view.
1) I took several longs from levels below, closed every time cause profit is profit and the H4 / Daily TF were not clearly readable.
2) The two trades I took there were because of two things.
a) We were stalling below supply and there was no clear rejection. This is often a signal that a break out is preparing. As Red often says, price thinks ahead of time. So at that point my...Ignored
DislikedA few more things.
1) I prefer trading it from 12-13h00 gmt to 1 or 2 hours after the end of London. Put a volume indicator on a crude chart and see when the big moves happen. Less time, more profit, more free time to spend your money.
2) It looks to me like crude tends to respect very accurately the est. time pivots. i think it's GMT -5. So try to get sdx pivots, put the open price, yesterday's highs and lows, and quarterly, mid and main pivots. That's to start, cause it's always better to work with a blank chart and watch pure PA.Ignored
DislikedYo Myrza,
Ya it takes me quite a while but i do see the reaction at X...looks like a breakout formation.. wat do u think...,
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DislikedI sold it. Closed 1 lot and 1 running.
It looks like a fake out to the topIgnored