Hi,
possible trade short EUR USD on H1
Greetings Mike
possible trade short EUR USD on H1
Greetings Mike
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DislikedHi Cableguy, thank you for sharing your knowledge and for taking time answering me.Ignored
DislikedHi Cableguy, thank you again for your answer. I tried to spot some supply/demand zones according to your advice (pullback bar). I think zones work quite well when they consist of only one pullback bar. My problem with this is that I can't spot this setup quite often when searching the main forex pairs. Or maybe I simply do not have the practice to spot them. Is it also okay, when the zone consists of more candles (2-3)? When yes is it ok, when they really form a pullback with 2-3 candles? Because when reading through this thread, it has always been...Ignored
The zone of these types can be formed by
How long do you wait until a zone is touched? How much time do you let pass before deleting the zone?
Attached you find some charts with zones marked. If you have time, please have a look at them, all comments are welcome.
Thank you in advance.
Greetings
Mike
Dislikeded that entry, scale in and there is a repeat on a smaller set-up, but the same; {image} {image}Ignored
DislikedIn my humble opinion, it is best to use Supply/Demand in conjunction with overall market structure (HH/HL's or vica versa) and choose the immediate pullbacks, within the likely same phase. Choosing prior S/D levels when against trend has limited success. Yes there is often a reaction at that level, but if the trend has changed it will likely only be enough to get your stoploss to BE. {image} So here we have LL/LH combo - trend is down, pullback to prior Supply. Join in to target fresh LL as per trend... My favourite trades are using 123's back into...Ignored