Pulled my PO - Post 2860 as it would appear that PA made the short on the 30 M level..
TSD
TSD
Day Trading vs. Swing Trading vs. Position Trading 86 replies
DislikedHappy trading day to everybody!
Osman, thanks for your kind opinion about my Sell trade.
Stoli7188 - you are the Champion in CHFJPY-Sell, congratulations!
I will wait for a Buy possibility. Anybody who sees this situation from another angle, please share your opinion.Ignored
DislikedThank you for the response. I was asking because it looks like everyone is taking all of the pullbacks on the smaller time frames that align with the higher time frames. With Sam it seems like he draws upper and lower lines and then only takes the trades that are higher or lower on the curve. In other words he might be going against the trend.Ignored
DislikedI like it and will be watching this area myself. In my chart you can see i pulled 2 Fibs just too look. Seems like it agrees with us. I am not a fib guy usually but will pull one from time to time just to see.Ignored
DislikedFor his longer term time frames Seiden uses a simple 50% line between the weekly supply/demand. Below the 50% line in an uptrend he looks for longs only on the D1. Above the 50% line he will look for shorts as well as longs on D1 but longs limited the higher price goes to weekly supply. No reason why this rule cannot be applied to lower time frames to keep you on the right side of the higher time frame curve. I use it myself between the daily supply/demand when trading the H1/15min levels. Its a no brainer and keeps me trading at extreme levels...Ignored
DislikedThanks Good Lookin!
Yes, I think I understand. It's probably a mistake to treat this supply area as two seperate zones in the first place and only be prepared to take the lower zone. I'm not saying that we shouldn't define two areas there and prepare for two consecutive entries (if price pushes higher) so that we can define an appropriate R:R, but rather that... since we have a 'level upon level' situation going on, it makes no sense to only take the lower zone and discard the higher zone, right?
But if we merge these zones together into one...Ignored
DislikedThank you for the response! Do you just take those levels above the 50% line or will you go down to smaller timeframes once price is in those levels and see if they will hold or not?Ignored
DislikedYou got it Kagawa. That red line (swap, resistance, strawberry railroad, whatever you wanna call it! ) was placed because you noticed price is continually respecting it. On the 4h there isn't a real base to trade off of in this situation. But since you know that the strawberry railroad has been pushing price away everytime it gets there then when you go down to a lower time frame you should be looking for bases near to it. This is essentially how i trade.
Look for a daily trend or channel and set daily zones to be aware of.
Go to the 4h and...Ignored
DislikedWaiting for this eurusd 30min, RBR demand + swap. Rise came in the middle of the night, no news nearby, so I expect genuine demand there. And it's also in fib zone.
AttachmentIgnored
DislikedHey Bullzeye,
Correct me if im wrong but I see euro in a supply area on the daily, we are at one but above we've got another one which has been touched already but with the consumption on the actual level its gonna make it hard to break it imho.
Os.Ignored