Extracted Thread (per thread starter's request)

Rocky, I get excited when i see your charts and read your analysis

Just got stopped out for minus $750. Since I was trading a daily chart I usually go for at least 70 pips, it did get up to 55 pips. I did see a retrace coming but did not expect PA to head back to the 127 fib Ext, Rocky.

Rocky, you used to work on 4h, 180m, 120m and even 90m charts to draw supply and demand zones.

you use daily zones lately. Is this for increasing the probability of your trades or you prefer trading for longer term positions?

Trappist, I have always used The Daily timeframe along with 720, 480, 240, 120, 60, 30, and 5 min. Most of my analysis is done on the weekly and Daily timeframes. However i"ll usually post those analysis using the next timeframe down. There is more profit with the higher timeframes along with more risk (Larger Stoploss), Rocky.

Hi Rocky

What do you think of this possible EURUSD setup?
The level converges with the 76.4 retracement of the A-B swing and also with the 161.8 extension of a 4hr (1.325 - 1.305) swing, plus the lower line of the blue channel.

My problem is that I couldn't find any good looking levels around this area, so the idea is to wait for price to enter the level and see what happens. Then if it shoots up look for HPTs on lower timeframes.

Would you even use that lower trendline? I just drew the upper line and tried to fit a parallel one to the candles at the bottom.

Please let me know what you think.

Thanks!

Rocky, this was interesting. That means we do not always need to find horizontal supply and demand levels (like Sam Seiden does, a base with a few candles and price moves like a rocket). Trend lines, channels and retracement levels are ok, even if there is not an obvious supply and demand levels.

Here's my take on this.
(Please don't take any of it seriously, I'm just a losing trader trying to learn this stuff and turn things around. If only I could stop using so much leverage. )

So, I try to make trading as easy and straightforward as possible. Meaning that I try to increase the probability of getting good entries (+good R/R) by looking for possible turning points in the market using trendlines, channels, fibs, SD zones, whatever. Using these (or a confluence of these, as Rocky showed us in his original method) I can make a good guess about the price range where the market is likely to turn. My only problem is, that while this offers some pretty good odds of finding winning trades, it is still just a guess.

The more I read Rocky's posts and watch youtube videos on the topic, the more I realize that VSA is the piece of the puzzle that I'm missing. Analysing volume seems to answer a pretty important question: will the zone/trendline/etc hold and turn price around this time, or will it break?

So my guess is that you don't necessarily NEED to use any of the technical stuff or zones to find good trades, as long as you can use VSA properly. You SHOULD use them however, as they make your life a whole lot easier. Especially SD zones, as they clearly define your risk as well as your entry.

Well, that's what I think. But then again, what do I know?

I'm curious to read what Rocky has to say about this.