on the weekly would it be correct to identify this level as supply?
is my analysis correct on the h4 tf in regards to what i see on the weekly?
is my analysis correct on the h4 tf in regards to what i see on the weekly?
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Disliked{quote} This was my previous post after Sunday open. Here is the live set up ive just entered on a break below Tuesdays candle. You can wait for small pullback today or 60/240 supply to short but you may not get the pullback this deep into monthly supply & possibly miss trade. This is a position trade hence the entry now with 84 pip stop. {image}Ignored
DislikedHi, just want to add another pound setup to those mentioned in my previous post. Btw thanks Alfonso for covering some of them in your webinar, always good to hear your analysis and great webinar as usual. {image} {image} Comments are welcome please!Ignored
Disliked{quote} Hi Ivan, A short remark, the upper level counts as much as 10 candles, so this would not be a good level.Ignored
POSITION TRADING CONFIGURATION:
If we choose to focus on the D1 SD levels as your entry timeframe then switch to this longer term combination
INTRADAY TRADING CONFIGURATION:
If we choose to use H1 levels as your entry timeframe, then we will swich to this timeframe combination:
REMEMBER: concentrate on 1 single combination for a better performance. Decide your combo and stay loyal to it! Don't switch around or you will probably be doomed to failure
Alfonso
Disliked{quote} Hi Reacto, thanks for your remark! Indeed that level by itself doesn't look too pretty, in fact both of them don't. I didn't mention this in the previous post, but actually the idea for this trade is that I saw price coming down from weekly supply, and it was forming LH and LL on the daily chart. As such I want to short at the recent daily supply. The H4 chart is just to help me narrow down my entry and reduce risk, hence I didn't worry too much about the lackluster zone. I believe it is also ok to just base a short on the 58 pips daily...Ignored
Disliked{quote} I agree on your analysis but looking at the monthly & weekly s & d levels, there doesn't look like there's a great profit margin (consolidation) so why trade this pair when there are better pound pairs with descent profit if price drops. I also believe that you can take not so nice looking levels in higher time frame areas... One thing this is good for is pound bias & correlation when entering other pound trades. I personally have all my pound pairs as one profile to look for correlation like you would using dollar index, but I will only...Ignored
Dislikedwould you agree this has now become a supply level on the weekly because its swapped? on the H4 chart i think it might reach 0.9300ish because thats a demand level...Ignored
Dislikedwould you agree this has now become a supply level on the weekly because its swapped? on the H4 chart i think it might reach 0.9300ish because thats a demand level. would this level act like a magnet for price? {image} {image}Ignored
Dislikedwould you agree this has now become a supply level on the weekly because its swapped? on the H4 chart i think it might reach 0.9300ish because thats a demand level. would this level act like a magnet for price? {image} {image}Ignored
Disliked@ Alfonso Moreno I am having little confusion about this. I am watching all the video available on Youtube. {image} {image}Ignored
Dislikedhey guys i just wanted to ask, what the best way to scan pairs for opportunities for swing trading opportunities? feels like i got traders block :/Ignored