DislikedHi Akt and fellow traders. This image from Sam Evans's article. Explain please why level here? Thanks in advance {image}Ignored
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Trading Institutional Order Flow
{quote} Helo Nightowl96 Good to meet you. Welcome to T.I.O.F The reward to risk ratio for a trader's account is usually determined by the trader himself/herself. Fir example, you may decide you will only take trades that are likely to give you a minimum of 2:1 reward to risk ratio or 3:1. Now, determining the potential reward to risk ratio per trade will depend on how well one analyzes the market in terms of where the zones are located relative to one's entry. If you enter at demand, where is the next supply and vice versa Hope that helps Best wishes...
It warms my heart to hear from you and your clarification has shed light to my perception, making the fog of delusion and deception thinner. As my journey takes me deeper into the art of S&D and specifically the rules and aspects that you have found in the art of S&D and pointed out for us, questions arise. I hope I manage to be clear with my questions regarding your school of thought, without looking you into the eye. There is much dissonance in this state of the world that is caused by modern communications, it has come with both good and bad.
I hope and pray my thought will reach you with great clarity to ease our inception, as your state of being has reached mine. The questions can be hard to answer, as the nature of the S&D art varies depending on several variables, but I hope for an answer that will give me direction.
My Greeting Words aside, The Questions are the following;
- How do you determin if the price is too low or too high for any short or long positions to be taken?
- When price has come to the DZ/SZ; What is a good signal on the daily chart to start looking for a long/short position?
- 1)EXAMPLE: Monthly Curve has touched the first of three DZ and is now heading upwards after years of going down. The weekly is on a downtrend, but has hit a DZ in the Zone of the Monthly DZ. The daily is on a uptrend having taken out a SZ and hitted a fresh SZ. Summa summarum; Look for long positions. The 3h chart is greatly over the fresh DZ( inside monthly and weekly) and you state that the price is too high for you. Would you wait for the 3h to come down to its DZ with a signal and otherwise let it be? I would.
- 2)NOTE: I have noticed that if a long wick of a daily candle touches the DZ/SZ, then it generally is an good upcoming trade. It is also an good upcoming trade if there is a rally to the DZ/SZ. (Think of "Generally" as in your "way to go" signal or 9.8/10 times it is a good signal; in a optimal setup.) pinbars, bullish/bearish, engulfing, inside , reversal of trend to the DZ/SZ etc. The latter being what I have picked up from you.
As you have quoted Sun Tzu from the Art Of War; "to hear the noise of thunder is no sign of a quick ear"; I have come to the conclusion regards the example in this post that the break of the momentum line in the 3h view, and it touching the 3h DZ that is inside the weekly and monthly would be my signal to take my position. Elaborate? Clarify?
Below my post is the printscreen of the 3h chart and link to your video that the printscreen is from.
P.S
The Art of War is a Great book. I eyed it while I was hospitalized for norovirus(nothing serious), It is interesting how some peoples paths cross over. This S&D really got me and I am all new to this game. I have sent you an e-mail to "StoreHou...", my beloved fellow soul.
Best regards,
Nightowl96
Inserted Video
LOVE
- #5,803
- Edited Feb 22, 2018 9:57am Feb 21, 2018 6:59pm | Edited Feb 22, 2018 9:57am
- | Joined Feb 2018 | Status: Member. | 77 Posts
Hello Trading Institutional Order Flow Thread,
Here in the uploaded picture below my post is my second "session", first and last try before I get ready for sleep. I am kindly asking the participants of this thread and why not others interested in this art of trading to review my Charts. I hope that my mistakes or my lack of mistakes come clear to you as a star shining into your eye. I have a gut feeling that the Momentum Lines - according to the methodology of Momentum Lines that Akt teaches - are wrong.
I waited for the momentum break on the 3H chart after it had touched the 3H,1D,1W and 1MN Fresh SZ and entered on momentum break 1.903 witch is seen by the red arrow. I Played a Mind Game witch resulted me with a good gain from witch I took half and entered the "Free Ride". I exited the "Free Ride" on Fresh DZ on the 1D and the 3H, 1.886. To my surprise and amusement the 3H chart did break 1.886 and the momentum started to stall at the 1W Fresh DZ 1.862. There I should have entered another short and wait for the 1W Fresh DZ which was weakly supported by a stall in upward rally by the 1D (not drawn) chart, this I noticed afterwards.
This was an Easy One, Fun.
P.S: I do not yet know the Atk teachings in setting Profit Loss. I have not yet come across that Video/Post. Elaborate?
EDIT: Should the monthly momentum line have been a down momentum line, as the last monthly tick is downwards? Should the momentum line be drawn according to the last tick? The monthly had come into a Monthly Supply Zone and I saw downwards momentum on the weekly so I started to look for shorts. I think I made a mistake with the monthly momentum line. Here is a post of the monthly momentum line and how I think it probably should have been done. I have to take another look into momentum lines.
Good stuff!
Best regards,
Nightowl96
Here in the uploaded picture below my post is my second "session", first and last try before I get ready for sleep. I am kindly asking the participants of this thread and why not others interested in this art of trading to review my Charts. I hope that my mistakes or my lack of mistakes come clear to you as a star shining into your eye. I have a gut feeling that the Momentum Lines - according to the methodology of Momentum Lines that Akt teaches - are wrong.
I waited for the momentum break on the 3H chart after it had touched the 3H,1D,1W and 1MN Fresh SZ and entered on momentum break 1.903 witch is seen by the red arrow. I Played a Mind Game witch resulted me with a good gain from witch I took half and entered the "Free Ride". I exited the "Free Ride" on Fresh DZ on the 1D and the 3H, 1.886. To my surprise and amusement the 3H chart did break 1.886 and the momentum started to stall at the 1W Fresh DZ 1.862. There I should have entered another short and wait for the 1W Fresh DZ which was weakly supported by a stall in upward rally by the 1D (not drawn) chart, this I noticed afterwards.
This was an Easy One, Fun.
P.S: I do not yet know the Atk teachings in setting Profit Loss. I have not yet come across that Video/Post. Elaborate?
EDIT: Should the monthly momentum line have been a down momentum line, as the last monthly tick is downwards? Should the momentum line be drawn according to the last tick? The monthly had come into a Monthly Supply Zone and I saw downwards momentum on the weekly so I started to look for shorts. I think I made a mistake with the monthly momentum line. Here is a post of the monthly momentum line and how I think it probably should have been done. I have to take another look into momentum lines.
Good stuff!
Best regards,
Nightowl96
LOVE
- #5,808
- Feb 22, 2018 11:46am Feb 22, 2018 11:46am
- | Commercial User | Joined Jan 2016 | 2,682 Posts
Hi Akt and fellow traders. This image from Sam Evans's article. Explain please why level here? Thanks in advance {image}
Whilst it is not possible for me to comment on why the level in your picture was drawn as it was, from what i see, there are a couple of levels one can draw there.
This is an illustration of what is known as the level on level concept within the methodology, a very important and powerful formation where there are levels in close proximity of each other, suggesting price is probably going to take some time to get through orders sitting at those levels
best wishes
Be careful what you think because your thoughts run your life..Solomon
- #5,809
- Feb 22, 2018 11:50am Feb 22, 2018 11:50am
- | Commercial User | Joined Jan 2016 | 2,682 Posts
Be careful what you think because your thoughts run your life..Solomon
- #5,810
- Feb 22, 2018 1:22pm Feb 22, 2018 1:22pm
- | Commercial User | Joined Jan 2016 | 2,682 Posts
{quote} HI MICHAEL, where am I wrong? {image}
Apologies for the delay, i missed your question.
best wishes
Be careful what you think because your thoughts run your life..Solomon
- #5,811
- Feb 22, 2018 1:26pm Feb 22, 2018 1:26pm
- | Commercial User | Joined Jan 2016 | 2,682 Posts
Be careful what you think because your thoughts run your life..Solomon
