DislikedWhat's one to do at this point for a Supply area? What levels can we be looking at? 1.3040?Ignored
Good Trading To All ; Ken Lee
Day Trading vs. Swing Trading vs. Position Trading 86 replies
DislikedWhat's one to do at this point for a Supply area? What levels can we be looking at? 1.3040?Ignored
DislikedHeres the link: Sam Seiden http://www.fxstreet.com/webinars/ses...e-c31b85045dee Watch this video How To Identify Fresh Supply and Demand Levels in The Forex Market. Hope this helps TSDIgnored
Dislikedyep but as you can see, it can turn on a dime this time of day. Low trading volume kicks in and as the day gets later , positions can be squared or closed so Price Action can not look as normal. why i take a lot of quick scalps in off hours.Ignored
DislikedYeh I like this time for trading too, because of the PA, its just a shame I'm on the other side of the world..4:30am is not a kind hour...Ignored
DislikedI trade when i have the time , It is normally when most would not even try. But if you think in a clear way and try and see where price is going and not focus on a certain pattern as such , It becomes easier. Plus if you look for a level near the current price action it is a very easy idea. The biggest obstacle is like today , Bad news kinda voids a lot of good levels. Just remember to mark the next level. It may break thru 3 or 4 but when it does turn it will be at a level. I like to look at longer time frame charts when price really starts moving...Ignored
DislikedDear ken, tradersd and all My plan for tommorrow are buy eur/usd @ 1.2980 ..sl 1.2963 and tgt 1.3050 or sell eur/usd @ 1.3135....sl 1.3152 and tgt 1.3050 ? any commentsIgnored
DislikedThanks a lot, now it is much more clear picture .... Just question about "fresh zone", should we calculate this place marked by arrow as 1 visit or it is not important? I appreciate your help Thank you very much. {image}Ignored
DislikedThanks a lot, now it is much more clear picture .... Just question about "fresh zone", should we calculate this place marked by arrow as 1 visit or it is not important? I appreciate your help Thank you very much. {image}Ignored
DislikedYou can , but one of the criteria for picking levels is time away. a retest as price is leaving is not always a first touch , Plus time of week or day has to be considered . One reason i would choose that as a fresh level. Is because it is a Friday close/Sunday open spot and for some reason they hold great value as targets as well as turning levels. Also as SD said a big number . Pus one of my own views is the fact that the level above had turned price a few times using up some supply in the quest to this making it a level on level area. Hope this...Ignored
Disliked{image} Looking at the 4HR we see a RISE-BASE-RISE pattern. When looking for levels to trade, our best levels are those that move side for a short period of time.... ( Area B )... Then blasted off... like PA did in this case. Looking left we do not see any additional price activity like we see below and above. ( price moving sideways for a longer period of time ) See how clean this level appears vs PA above and below this level. Lastly, look at PA above and below. No where do you see price RISE out a LEVEL/BASE as that of "B".. The SM's are most...Ignored