for today..
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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
DislikedHi Kenny,
I have several question based on your chart attached :
1. how you find the horizontal line ? it is from zemafor indicator on higher time frame ?
2. do you enter after its near to the horizontal line and show a zemafor dot ?
sorry for newbie question..
Thanks n Regards,Ignored
Dislikedhere is an example of bad trade i took..
i was watching crude yesterday to come down the demand zone at around 106.15 to 106.02
when i bring my crude chart i saw that i missed the perfect opportunity..
however, i still bought it at spare of the moment by looking at the strength of the momentum candle..
as i'm typing this it's moving my direction.. i'll make it free trade by moving sl just above beIgnored
Dislikeddemand zone on hourly chart..
as u can see i alredy moved my sl @be+1
priority is not making profit but avoiding a loss where we can..
give back nothing to markets and take whatever you can..Ignored
Dislikedclosed half @+50
i'll wait and see how the remain half will perform..Ignored
Dislikedchart below shows first important supply zone, where the attempted move to north was capped after a big drop.. see how the current price is rejected at that zone..
another aspect.. it's always a good idea to set target just below a noticeably strong supply zone.. another mistake on my part. i set the tg1 @ top of the supply zone..
edit: just after posting this remaining half stopped @be+1Ignored
DislikedHi Ken,
Thanks for your answer n explanation.
Enclosed my chart for EU. It is correct if I said EU near supply zone ?
so we only need to identified supply n demand in each timeframe and trade it ?
Thanks n Regards,Ignored
DislikedWhat can I say, since I discovered supply and demand PA trading I fall in love with it, hence the title of this thread. I'm still learning it.
To save me some typing I'll paste the kind of intro I have written for the supply & demand PA PDF here.
I was doing some odd posts in EU thread as I was waiting for trades set-ups. Red himself pointed out his Price Action thread. I’m extremely grateful he did. What I discovered there was pure Gold in terms of trading.
I’ve started to read from the page 1 and was saving the charts and words, I thought...Ignored
DislikedHey Kenny,
Wasn't aware you had done this excellent compilation on PA trading (I was going through Red's thread too but you'll save me so much more time).
Thanks for putting your time in this and sharing it with us - It's great work!Ignored