Hi all,
I've just come back to trading after a few months off - reassessing how I go about progressing in this journey.
I've followed Red's 'Price is Everything' thread for quite a while & see some great traders in there. I'm fairly sure my path lies in that type of trading.
My question is, for those of you that trade Supply/Demand ( or Support resistance ) - How do you actually trade them? I.e. do you set a limit order and fade price as soon as it touches the zone? ala Sam Seidens set and forget method.
I tried this and got pretty much slaughtered most of the time.
I'm now thinking of waiting for price to move into the zone, and then using more conventional methods such as waiting for PA to make a 1-2-3 reversal or show some higher highs/higher lows etc ( on a small timeframe ) or use Stochs or CCI to time the 'pull of the trigger'
Just wondering what some of you others use for criteria to pull the trigger when price reaches a zone of interest.
Appreciate any guidance.
Cheers
Seb
I've just come back to trading after a few months off - reassessing how I go about progressing in this journey.
I've followed Red's 'Price is Everything' thread for quite a while & see some great traders in there. I'm fairly sure my path lies in that type of trading.
My question is, for those of you that trade Supply/Demand ( or Support resistance ) - How do you actually trade them? I.e. do you set a limit order and fade price as soon as it touches the zone? ala Sam Seidens set and forget method.
I tried this and got pretty much slaughtered most of the time.
I'm now thinking of waiting for price to move into the zone, and then using more conventional methods such as waiting for PA to make a 1-2-3 reversal or show some higher highs/higher lows etc ( on a small timeframe ) or use Stochs or CCI to time the 'pull of the trigger'
Just wondering what some of you others use for criteria to pull the trigger when price reaches a zone of interest.
Appreciate any guidance.
Cheers
Seb
- Look to the left, Trade to the right
- I am the system