Hi traders, I would suggest to use ATR value instead of fixed pip value. There is a lot of indicators that calculate ATR and pip value of ATR times desired coefficient. I prefer value of period 7 ATR times 1.2 as the wiggle room value. For those not ...

Exactly as you explained. We are in 4H up trend even the previous descending TL is not broken.Do we invalidate the previous TL as new trend occurs as in this scenario or not?Alfonso please make it clear for us.Thank you in advance.

Hi, You are right I overlooked 3CPs The daily demand zone is in between of D and W EMA what adds confluence, and it is right at the flipzone as well. As you can see on my chart the D zone is not very clear, created by hammer. I would wait for 4H ...

Hello traders, I have another interesting example for you. I am attaching 4H chart of GU M is in consolidation W is up D is up high in the curve 4H is up based on ascending TL which was not broken yet, but there is latest descending TL which is ...

Hello fellow traders, I have an interesting example here on AUDUSD M is down at 50% holding for coupple of months W is down but very low, descending TL broken, price retraced back into area of old demand and nested newly created W demand area (which ...

Hi wendvieira Regarding your post. You added only 2 charts,if you are trading Daily zones you need to look also at Monthly timeframe. Monthly is clearly up hitting fresh M supply zone (price very high in the curve) so countertrend shorts may occur. ...

Hello traders, I am attaching nice potential trade setup which might happen in couple of days. My question is. Is it worth to set and forget or wait for confirmation on 4H timeframe? I know there is no right answer for this question, I prefer to ...

Hi Alfonso, My opinion on this newly formed supply is as I mentioned before "I am trading only with the HT trend": M is up W is up D broke the trend line to the down side confirming new D1 supply at last month high. Short term CT short available, ...

Hi thank you for your oppinion, I am drawing TLs and zones per specific rules "I hope correct rules " IMHO We should not be drawing TLs using potential valleys as they maybe never happen. Also there is no point drawing daily demand zones under the ...

Hello traders. I am attaching another tricky TL on GBPCAD D1 chart. In my opinion it is correct. My rational: Previously TL was steeper as more then 3 CPs occurred but then the price action formed shallow but valid valley. Now I connected 2 last ...

Thank you for quick answer. So you did confirm my opinion on TL 2. That means that TL 1 is correct one. Could you please also coment my analisys of NZDUSD D1 short setup from june 10th? Thank you in advance.

Hello Traders, I have another TL example. In my opinion TL 2 is not correct as it is drawn using CP The issue is that this CP looks like valley. Do you agree? Or am I wrong?

Hello traders, I am attaching D1 and W chart of NZDUSD M is down W is down with nice imbalance (I do not like the shooting star CP - but as Alfonso sais it is not a woman) W demand the price is bouncing from at this moment is in the zone of ...

Hi I was reffering to Johns post from June 4th. He posted 2 AUDUSD charts. He was asking if he should take 4H demand zone nested in Daily demand if the price touched and now is retracing down from Daily CPIn my opinion if daily trend is up then CP ...

Sorry but I did not understand your answer Alfonso. If daily CP was touched and price retraces to last daily demand can we take long at nested 4H demand?I would take it in that example as 4H demand sits on the distal line of daily demand. I wold ...

Hi, Another example in AUDCAD Monthly chart. 2 TLs durring Monthly consolidation. Are two peaks obvious enough for drawing descending TL or we should consider it as one peak. If so, then it is not possible to draw descending TL? No matter if we draw ...

You are the man Alfonso. Wish you lots of sun and still waters.

I am happy to hear that clearing TLs questions will help more of us. I propose posting tricky scenarious. I will be posting some more if it wont bother Alfonso to comment or correct us. I hope there will be some progress so I do not look like retard ...

Hi Alfonso, I am really trying hard to apply the rules and I can see that TLs are not that easy to draw correctly at least for me at this moment. I redrawn both charts so please give me comment if I am right this time. I do no want to bother rather ...

Hi all, another example. Has anybody any ideas why the drawn levels and TLs sequence is not correct?