But I moved
Close Price VS Median Price (or other price types) 33 replies
House price data price action 1 reply
Why closing price is not the same as opening price? 1 reply
DislikedLet me first say, I love the name of this thread. I don't know why, but it always makes me smile.
Whilst I do not use Supply and Demand zones per se, I had to post this. I hope you don't mind.
Supply/Demand Delta Zones created via WRB Analysis are different than the simple supply and demand zones. They are different both in construction and use. The construction part is obvious. The use part simply means that a S/D Zone can be used to take trade signals either longs or short depending on a trader's entry signal method. Okay, enough on that....Ignored
Dislikedwhile the market is quiet....I'm wondering what entry methods can be used on for example a 1 hour level.
Do some of you enter on the touch if the level is particularly good? (as per odds enhancers)
Or, can a m5 candle be used? I have heard some people say m5 candles are not reliable enough for levels like this and m15 should be used....thoughts?Ignored
DislikedIt was on the cards. QE2 finished which underpinned the rise in equities and ES showed topping signs after hitting major supply. I see a drop back to 1000 on ES unless Ben comes in with QE3 before we get there!Ignored
DislikedNeed a helpfull idea from experienced guys .
I took a euro demand zone in h1 and m15 time frame .
Then i went to m5 time frame to see which time frame was clear and good and i see m5 was good and clear to me . So i waited for a engulfing candle . And It provided a neat engulfing candle .
But now my take profit should be at m5 zone right ?
I see my sl is bigger than my tp in m5 timeframe ...But what can i do here ..any usefull idea? So i placed my h1 tp now .
thanks
Please see attachment for more information regarding entry sl...Ignored
DislikedYou mean supply right?
If you begin with looking for levels on an H1 time frame, you identify the level and then you look for the profit zone on H1. When you drill down to a lower time frame you are merely squeezing that H1 level to see if you can tighten your stop loss, but you are still trading off the H1 level, so target the opposing H1 level for profit. BUT, with that trade I would be careful -you may want to tighten stops as we are at a small Daily demand on Euro and $Index has hit Daily supply. Don't forget your higher time frame levels....Ignored
DislikedDaily demand is at 4135 (Euro time zone). It might be less significant than the lower one at 4050 but it is there and I wouldn't ignore it if taking H1 trades if I were you. I'd be looking for entries higher up the higher time frame supply curve.
Lower time frames simply reduce the risk off the higher time frame levels, its not about getting in early. Think about it logically.
Ignore dollar index when trading the euro at your peril.Ignored
Dislikedoh ok fine ..But the zone 4135 which u mentioned has been spiked and went up so the demand should be already consumed from that zone is what my opinion is . Thats why i have a daily zone which is good below that ..but seems now euro is gonna hit my sl dono whats the reason..grrrIgnored
DislikedDon't forget the higher time frame levels are the stronger levels so of course H1 levels will be wiped out if entered too close to higher time frame levels, hence your stop loss being hit.Ignored
DislikedIt is still a contender. The fact that the level spiked out of the lower level tells me that there were a lot of buyers there at that spike making the level.
If I were trading higher time frame levels then I probably wouldn't think too much about that level but the fact you are trading intraday you need to take notice of daily spikes. If you are unsure of the daily candle zoom into it on the 4 hour and see what it is telling you. The 4 hour tells me that is a reasonable level to take notice of. Price has already retraced into the level but it...Ignored