I love the PA on USD CAD
Some annotations on the charts H4 and H1
Some annotations on the charts H4 and H1
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DislikedHi lemercenaire, Thanks for taking time to analyse NZDUSD. "I'd actually say that on the Weekly tf there initially looks to be a fair bit of room to continue a drop. However, once you add the fib, you can see that we are in a range between 50.0 and 38.2, the latter of which, could give some bounce potential" I definitely agree with u and I am waiting for a break of the neckline (which is on the 38.2 weekly fibo) and a retest. "Going to the H1 would have me ready to get in on a move long, any time from the next few hours on. Not saying it will go...Ignored
Disliked{quote} I am glad you did well with the crude. May be share the chart with us when u have time. Sure. Here's the sequence. Before, during and woop-dee-doo!. The entry was on the retest as it exited the supply zone. {image} {image} {image}Ignored
DislikedBeautiful PA on XAU USD especially the upward channel on H4 and on daily, price is testing for the third time an important resistance level. Something to watch for next week. {image} {image}Ignored
DislikedAnyone who is willing to clarify these method to me please hit me up please. If you truly Understand the Method. Please GuysIgnored
Disliked{quote} What is it you are having a hard time grasping, mate? Can I be of any help?Ignored
Disliked{quote} Well Done, What a move!. I am assuming you entered after the first long red candle and the green demand area disappeared. In this case, I want to ask you what do you normally do: wait for a retest after such big move or just short with a sell stop?. In case of the latter, I think higher time frames would suggest if the volatility is high enough or not to resume the trend. Thanks for sharing. BTW, is this demand supply indi u have same as this one I am attaching {file} {file}Ignored
Disliked{quote} Supply and Demand trading is a subject that I'm still interested in despite me giving up on it because I'm having a hard time how to exactly identify an S&D area. I just tell myself this may not be something that will work for me. But I'm still interested in it. So I'd like to ask how exactly do you identify an exact supply and demand area. What exactly does one have to look for in order to determine an exact and precise S&D area. What is the exact and precise thought process that goes into your mind when looking for an exact and precise...Ignored
Disliked{quote} Well Done, What a move!. I am assuming you entered after the first long red candle and the green demand area disappeared. In this case, I want to ask you what do you normally do: wait for a retest after such big move or just short with a sell stop?. In case of the latter, I think higher time frames would suggest if the volatility is high enough or not to resume the trend. Thanks for sharing. BTW, is this demand supply indi u have same as this one I am attaching {file} {file}Ignored
Disliked{quote} What is it you are having a hard time grasping, mate? Can I be of any help?Ignored
Disliked{quote} Yes thanks for your time man. What I am actually struggling with is identifying those daily Bias. Real trend trend on the daily chart. Market direction on that daily chart. I do get the 4hr and 1hr Chart where I will have to identify zones so I can be able to enter on 15m chArt. But still struggling with Daily chart.... I went through the video and I did read these thread for several time but I can get to understand how you see those daily candles direction. If I can get that daily candle where exactly it's going. Then I am good. That's...Ignored
Disliked{quote} Hi marcnathan88, you've kind of answered your own question in the way that you frame it....''exact and precise''. To me, those three words and S+D are kind of mutually exclusive. Your final point about it being subjective, not objective, is also pretty much on the money. However, does this make it any less valid? I don't think so. I do think that it is a technique that requires an experienced eye and more than a fair bit of practice. If that's something that is not in your mindset, than perhaps S+D isn't for you. Now, having said all that,...Ignored
Disliked{quote} Thanks for taking the time to answer. Maybe you're right that it's not in my mindset. Maybe just being interested about it isn't enough. My only issue is in identifying the levels. I'm looking for a set of rules that I can follow when trying to identify a level because I think in trading it's also pretty much about rules. There is a money management rules, rules for entering a trade and many others. But despite S&D not being for me this will always be something that I'll keep my eye on and who knows maybe I can finally learn to put it in...Ignored
Disliked{quote} Hi again. What I would suggest, is that, yes, use the shved indi and treat it as a ''heads-up'' area that when price approaches it, you know that ''something'' may happen. That's when you can begin to pay attention to that pair. From there, you can run whatever method you are using. If that method involves reversals in any way, then you are onto a winner straight away. Be aware that in the shved indi there is an option to use the Turncoat Zone feature but you will need to add that option, as by default it is turned off. This is really useful...Ignored
Disliked{quote} It's great to hear that it's working well for you and take note not on a demo but a live account. Thanks for sharing. I greatly appreciate it. I'll start practicing and demo trading with shved from now on. Also thanks for letting me know what the Turncoat Zone means. I really had no idea what it is. The first time I used the indicator on chart I was surprised to see how price was reacting to these levels. They start stalling and then eventually reversing and moving the other direction. I must also say it's good to have met someone, like...Ignored