DislikedHey Sid,
Images attached. My view only of course - other traders may disagree with some or allIgnored
Keeping it a simple scoring system may help reduce the amount of estimation on if it's a zone or not
<---Look Left
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DislikedHey Sid,
Images attached. My view only of course - other traders may disagree with some or allIgnored
DislikedSimond, what are your thoughts on deciding the trades purely on what the rating from the odds enhancers, RR is one part, leaving the zone another but you also have, big picture, time at zone and how it arrives back as Dean says the "magnet effect"?
Keeping it a simple scoring system may help reduce the amount of estimation on if it's a zone or notIgnored
DislikedYes I agree, and for me it is SDZ/RR/Departure/Arrival/Big picture. No more, no less
Also, I've gotten into the practice of first manually identifying the SDZ and then adding the indicator later just to see whether or not the two agree. If you notice, the indicator seems to have missed a quite nice looking Supply Zone on the original AUDJPY H1 chart around 77.80/77.90.Ignored
DislikedI agree. Buying the euro is not a prudent choice at the moment. But im foreseeing a correction reversal if not now then slightly lower around the 97 level.
Given that the BOJ is getting worried about the yen getting stronger and if it keeps going this way they are surely to intervene.
In the bigger picture the downward momentum has decreased slightly but not much at all.
Best,
-HIgnored
DislikedHey Simond2002,
What indicator are you talking about? I did not use an indicator in this chart. These were all manually chosen. I missed that zone as I did not know to look for it. Purple is just the color I choose to use, because blue conflicted with my candle colors. I am from Florida and I am a Florida gator fan hence my orange and blue candles. LOL!
Also if you do not mind what are the rules for SDZ like the one I missed? Does the little rally help support a strong level? etc.? And what about the level below it that seems to be similar....Ignored
DislikedHey Simond2002,
What indicator are you talking about? I did not use an indicator in this chart. These were all manually chosen. I missed that zone as I did not know to look for it. Purple is just the color I choose to use, because blue conflicted with my candle colors. I am from Florida and I am a Florida gator fan hence my orange and blue candles. LOL!
Also if you do not mind what are the rules for SDZ like the one I missed? Does the little rally help support a strong level? etc.? And what about the level below it that seems to be similar....Ignored
DislikedCould you link up your trade explorer with your journal please ? Thanks. :-)Ignored
DislikedYes I agree, and for me it is SDZ/RR/Departure/Arrival/Big picture. No more, no less
For many reasons I've found the one that causes the most headache when scoring out a trade is the Supply/Demand Zone (SDZ). For example, we may understandably not want to trade a pivot on a H1 chart, however, it's not unreasonable to be on the lookout inside any D1 pivots to see whether or not there is a decent SDZ that conforms to our system. A robust set of trading rules helps eliminate the doubts on this one.
Also, I've gotten into the practice of...Ignored