Well done
Gotta love position size.... can be very profitable.
TSD
Day Trading vs. Swing Trading vs. Position Trading 86 replies
DislikedNot sure of your query , Supply and Demand is Price Action. I don't look for any entry signal. and picking levels is gone over a lot . every chart i post normally has a level marked on it. I don't over complicated it . I try to keep it basic .If a level doesn't look great i may wait and see if price is stalling and trying to turn before joining in especially on a 2nd or 3rd touch . But I also am worried i might miss a trade for waiting to long on a first touch , as I believe we aren't the only ones looking at these levels and some are willing to...Ignored
DislikedNot sure of your query , Supply and Demand is Price Action. I don't look for any entry signal. and picking levels is gone over a lot . every chart i post normally has a level marked on it. I don't over complicated it . I try to keep it basic .If a level doesn't look great i may wait and see if price is stalling and trying to turn before joining in especially on a 2nd or 3rd touch . But I also am worried i might miss a trade for waiting to long on a first touch , as I believe we aren't the only ones looking at these levels and some are willing to...Ignored
DislikedTSD, I was looking at the short you did on UJ off the 4 hr pin bar. I see the price went pretty much to the extreme of that level. Would you say that level should not be touched for a short again because of this? That seems to be Sam's thinking, since all the supply must be wiped out. Is that your opinion too? I appreciate your help, and help from others here.Ignored
DislikedNo, I dont subscribe to that idea.. We will not know until price return...Yes, there needs to be Supply to go short.. and .. needs to be wiped out for price to conitnue upward.. But again, we will not know that until price returns to the level and see the price action. The PA will give you insite into whether there is Supply/Demand left at that level. Price approaching will also give you clues..( Odds Enhancer ) ...If PA moves into your level very aggressively from the base.. What cases that move are the SM's.. They are the only ones who can move...Ignored
DislikedThanks. That's well explained. I keep seeing SM in this thread. I think it's Smart Money... correct me if I'm wrong, please. I never understood why it was important for price to move aggressively into a level. So the SM being active, means they are 'pushing' the price in the 'wrong' direction (opposite to the direction they want to trade in) so they can buy / sell at the cheaper level they want.Ignored