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Price is everything

Quoting bigwal
Ok time for me to take some action, but to do so i need a PLAN.

A Trading Plan!

This is my trading plan which i will follow.

I will plot supply and demand zones across all pairs on 4hr tf.

I will consider other areas of interest eg. trendlines (for confluence)

when price is approaching my zone, i will drill down to lower tf to
look for my trigger bars.

I will look to put my stop behind the supply or demand zone, where possible, this is subject to price action.

My target, i will look to have targets @ the source of the drop or rise from a...
If you can find them you should check out Chris Lori. Do some research and you will find out why I am recommending him.
Know when to hold em, Know when to fold em!
Quoting bigwal
Im just wondering if i have zones that are on 4hr, what would be a sensible t/f for trigger bars. i would think to toggle through from 5m to 15m and see what crops up.

would you say i need to be flexible on this ?

Ta

W
Absolutely true, you need to look at what price action is doing around the supply/demand zones. If brice action is bearish it could become supply all the way through where buyers used to be and visa versa.

Look at hhll and visa versa at the smaller time frames and ensure an appropriate stop loss below or above a couple of previous swings on that same tf. Wait for the setup or set up a limit order.

Hint:

Even the one minute chart will give hints. remember it takes alot of money to move currencies.
Know when to hold em, Know when to fold em!
Quoting goods
Hi Red I just found this thread and thank you for starting it....

you can divide all tfs into unfinity - you just need to pick the tfs were price structure on the left is clear and defined and suits your plan


tfs is such a confusing subject to many but - l simply switch tfs to find zones, for example, within the context of a large bear, there may be 3 defined supply zones on the 5 or 15min but if you are stuck viewing 4hr only you can't trade those levels ...........because you havent drilled into the lower tfs to investigate its price structure


will demonstrate with examples
Quoting redsword11
you can divide all tfs into unfinity - you just need to pick the tfs were price structure on the left is clear and defined and suits your plan


tfs is such a confusing subject to many but - l simply switch tfs to find zones, for example, within the context of a large bear, there may be 3 defined supply zones on the 5 or 15min but if you are stuck viewing 4hr only you can't trade those levels ...........because you havent drilled into the lower tfs to investigate its price structure


will demonstrate with examples
I am so grateful to have such insite from you and the others.
Know when to hold em, Know when to fold em!
Quoting redsword11
hope you stick around


good to have you here
Yea I will Thanks
Quoting T@rantula
Yea I will Thanks

most welcome


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didn't short from supply, such messy action




gold breaking 1400 .......


might go back to supply from here
Red

The penny has dropped for that one, i agree, toggle through tf and you will see zones on 15min, but not a setup on other timeframes.

So tf dont matter its the setup, thats what make this method so flexible.

4hr suits my lifestyle at the moment, so i understand i will miss some setups. no worries.

W
I need to finish something i started
Quoting bigwal
Red

The penny has dropped for that one, i agree, toggle through tf and you will see zones on 15min, but not a setup on other timeframes.

So tf dont matter its the setup, thats what make this method so flexible.

4hr suits my lifestyle at the moment, so i understand i will miss some setups. no worries.

W

ANY TF ANY PAIR ............. just need to investigate and define the zones, then its price arrival to zone, PA watch and entry based on bullish enguilfing @ demand and bearish enguilfing @ supply
Hi red and all I will start posting live soon but difficult to concentrate while I am still learning it.
I tried to watch 5 different pairs today but kept missing trades ect so back down to two while I learn it then add one at a time. Did manage 30pips on GU 15min this morning after my breakdown lol.

Cheers.
Quoting reflex
Hi red and all I will start posting live soon but difficult to concentrate while I am still learning it.
I tried to watch 5 different pairs today but kept missing trades ect so back down to two while I learn it then add one at a time. Did manage 30pips on GU 15min this morning after my breakdown lol.

Cheers.

hello


ok, will be back in a few hours
lets see if 50 can be breached
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Know when to hold em, Know when to fold em!
Quoting redsword11
ANY TF ANY PAIR .............

YES.......lol
I need to finish something i started
Quoting bigwal
YES.......lol


the penny has really dropped .......
I have a pic for you Red, very apt i think.

Its of me @ my 40th bbq.

Hold on.
I need to finish something i started
tribute to Red.

W
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I need to finish something i started
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Quoting bigwal
tribute to Red.

W


awh man - thats apt


thank you very much, first laugh l have had all day
Quoting redsword11
the penny has really dropped .......

You had to hammer it home, but it has changed my perception of the market.

Yes you have tipped me on my head, everything i thought i had learnt about the market regarding tf's


IS JIBBERISH.

W
I need to finish something i started
Wicked 40th bbq, right through till wee hours. It was fancy dress, but a few hours into it everyone was swapping various items. I ended up with the hat and hair piece. Everyone said it suited me.........everyone was drunk though.

Didnt want to stereotype you but thought it was funny.
I need to finish something i started
Quoting bigwal
You had to hammer it home, but it has changed my perception of the market.

Yes you have tipped me on my head, everything i thought i had learnt about the market regarding tf's


IS JIBBERISH.

W

yeah, tfs is such a huge subject and so much is written about them when what really matters is PRICE STRUCTURE within a particular tf



l was listening to some old trader once on utube - what he said and did was - took everything off the charts - he also didn't even want to know what instrument he was looking at because he wanted to base it all on price and price structure



....... thats when my journey started
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