Not too late for NZD/CHF I guess.
Cheers.
Trading Institutional Order Flow
Hello everyone,
i hope you have a great weekend!
I would like to share a trade i took yesterday, which is kind of frustrating :/
TDA: On the Daily we are in a Downtrend. We got a big Profit potential, so i would like to sell. At the time, my decision to sell was made, the 4h ML was broken and therefore only Supply inside Daily Supply is shortable.
The zone i took was AT daily supply.
Before:
After:
My Question here:
i hope you have a great weekend!
I would like to share a trade i took yesterday, which is kind of frustrating :/
TDA: On the Daily we are in a Downtrend. We got a big Profit potential, so i would like to sell. At the time, my decision to sell was made, the 4h ML was broken and therefore only Supply inside Daily Supply is shortable.
The zone i took was AT daily supply.
Before:
After:
My Question here:
- Was the lower zone even a good one?
- Was the lower zone a good one, but the approach was bad? Does the approch really matter in this case? Because the zone is in daily Supply and therfore has the "power" to remove any obstacle on the way down to daily demand?
- Would it have been appropriate to sell both zones?
Thank you!
Hi Folks have not be on the thread for six months as i have been studying mikes videos i bought mid last year and have been through them at least 12 times on each video. Well worth the investment may i say ! I'm still going back through all the webinars to extract more info as well i can't urge you enough to take up the offer this weekend to join him on his webinar it is GOLD!I'm hoping in January 2019 to be able to have one on one mentoring with him as i'm sure this will put all the model i have learnt into context. I will try to post my charts more often for feedback . I have found the Euro bund set up for potential short i trade daily 4 hr and 1 hour i have added weekly for context only. Any feed back would be appreciated i would look for confirmation of one hour for short trade.
Regards
John
Regards
John
{quote} whats up smo3k, we have 2 ways of defining trend 1) two supply or demand zones removed 2) one supply or demand zone removed and we are able to draw a downward or upward trend line. as for your chart you have posted we have removed the RBR dz and the DBR dz creating a downtrend. (note) looking at the chart how you drew the DZ that is the origin of all the other DZ and price is reacting off it for the 3rd time hope that helps.
Here is my updated chart. Didn't see the DBR zone as a fresh one (Only as a reaction to one). Thank you for pointing that out.
--------------------------
{quote} hi,som3k, i got it... thank you {image}
Hi Folks have not be on the thread for six months as i have been studying mikes videos i bought mid last year and have been through them at least 12 times on each video. Well worth the investment may i say ! I'm still going back through all the webinars to extract more info as well i can't urge you enough to take up the offer this weekend to join him on his webinar it is GOLD!I'm hoping in January 2019 to be able to have one on one mentoring with him as i'm sure this will put all the model i have learnt into context. I will try to post my charts...
here are my thoughts. You already have the confirmation.
Please anyone correct me, if I'm wrong.
