DislikedInteresting day.. A few twists and turns in the end. Now taped into H4 demand. Will prob go lower but that's a good rack of pips today. {image}Ignored
thanks
Attachment g
Supply and Demand Thread using any Indicator 64 replies
Price movement as a function of Supply and Demand 43 replies
Supply and demand zones and EW principles 1 reply
Alifari's - Supply & Demand Thread 17 replies
Demand and Supply 1 reply
DislikedInteresting day.. A few twists and turns in the end. Now taped into H4 demand. Will prob go lower but that's a good rack of pips today. {image}Ignored
Disliked{quote} C - a few questions. You mentioned that you wait for the engulf instead of just zone touches. I attached your chart with yellow notations. Are these correct? No trades because there were not any engulfs and the higher time frame was short? (The top two arrows I was asking why no short trade) thanks 2323529 {image}Ignored
DislikedThanks C12, so the basic framework is this...? Find HTF direction Find strong SD levels which are in line with the HTF direction e.g. supply levels in a HTF downtrend View action at zone on LTF, if price reacts hard and engulfs, enter with stop behind the newly formed zoneIgnored
Disliked{quote} Yes that's it in terms of the entry criteria but you need to have a good handle on overall price (which takes a while to learn). Make a note of areas of likely liquidity, usually just above or below swing points. Try and get a feel for where price is heading but be open minded without too much bias. Price can sometimes hit a mid-zone on the left and then return to retest the original zone (see EU on H1/M30 today). This one gets me every time as I usually ignore these levels until the trend changes. You also have to be aware of news and realise...Ignored
Disliked{quote} Thanks mate, actually I have a decent handle on PA reading generally, I've studied RTM, Lovejoy, TheDoctor, VSA/Wyckoff pretty extensively and spent countless hours in FT. I'm good at predicting price movement and understanding where price is likely to turn etc I'm really looking for a nice entry methodology so I can turn my vague understanding of price movement into a repeatable, winning forumla. I've read some stuff by Ken and am a fan and I see you use a similar style. It's simple and effective, I really like it. I've just loaded up FT...Ignored
DislikedDoc is still trading, he has a blog which he muses on from time to time: http://thedoctortrader.blogspot.co.uk/ Tbh I picked NJ out of a hat. I've probably gone through the PA of every pair on FT several times already so I just keep rotating them lol. Each time it feels fresh though, I don't come back to it for a couple of months and I'm probably looking at different TFs, looking out for different things etc I'm enjoying playing around with your entry style, because I don't know too much about it I'm using guidelines from Ken's "Holy...Ignored
DislikedNotice the yellow box on the left (how M5 was a good entry yesterday when trending down) which was also a S/R level Now we had a short term trend change on H4/M30 and those same zones get blasted through. {image}Ignored
Disliked{quote} I get the appeal of trading in line with the HTF, in the past I've found trying to trade pullbacks to be a hazardous game, I assume because everyone has the same idea of buying the dips so the retraces seem to take me out or reverse without me.. but I was trading FTBs with limit orders perhaps getting g a nice engulf in the direction you're anticipating puts the odds in your favour. I think also having strong PA in the background like obvious accumulation and FBs rather than just any old trend... A trend with obvious cause driving it...Ignored
Disliked"Anyway, the weather has been cracking here in UK today." I melted. {image}Ignored
DislikedI think I'm starting to get your approach and it's certainly going to add tools to my approach perhaps even act as a framework. This seems to me like a textbook trade you would take, right? Enter after the M15 engulf with SL below red zone. {image}Ignored