Overnight position turned out into a winner. Taken from marked supply.
http://i47.tinypic.com/zj9vfa.gif
http://i47.tinypic.com/zj9vfa.gif
Supply and Demand Thread using any Indicator 64 replies
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DislikedOvernight position turned out into a winner. Taken from marked supply.Ignored
DislikedHi C-12,
Been following closely and have a couple of questions which a little reluctant to ask, as maybe not the usual type, but, as you seem to welcome questions and reply without a problem, I'll shoot away :
1. Have been looking at various threads on ff and one thing I've noticed is how after a number of pages the originator, whether certain indicators, settings or timeframes, will change from opening format, presumably as market changes and results suffer. Is this why you have moved away from the thread title and trading off the one minute...Ignored
DislikedWell, there's no question the M1 method works. You don't need a great understanding of the market to apply it. Just pick a quality level and get to break even fast and see how far you can run it.
The problem is, it doesn't teach you a great deal and in some ways I think it has set my learning curve back a bit. Trading higher time frames, reading price, applying discipline, holding and managing trades is a real skill set which is ultimately more rewarding (not just financially) if you plan on doing this full time.
As for the journal snapshots....Ignored
DislikedShould have taken 1/2 position at previous GU short instead of the full thing. Premature exits can be quite painful. Lesson learned, hopefully!Ignored
DislikedWhat do traders use to extend the zone out. Is there an indicator with alarm that will do this work ?
ThanksIgnored
DislikedNot that I know of for supdem_ii but Gilben's clean cut cube will do it for your manual rectangles.Ignored
DislikedI do use it but I'm now taking all the levels it displays. I filter them out manually.Ignored
DislikedHi C-12,
Can you share the settings you use on the sup/dem indicator ?
ThanksIgnored