DislikedHi fdx, So touch trader buy this. Then PA trader sell this after that. Is this correct? {image}Ignored
ReadtheMarket - Supply and Demand with Price Action
- #4,503
- Feb 4, 2019 6:42am Feb 4, 2019 6:42am
{quote} your markings are correct. But one thing to note is that, what you see as FOs are really reactions to the true supply or demand in other words FLs in the past. Mark them also. then you will see price actually bounce between these FLs and later be broken. Your second chart can also be taken as a example for broken FLs also. See to the right.. it is broken
#1
#2
Ask, and it is given. Every single time, no exceptions.
- #4,506
- Feb 4, 2019 8:26am Feb 4, 2019 8:26am
{quote} 1. Don't deal with messy charts, find clean places. 2. Fakeout zone is a reaction to a FL in the left side.. and the level broken was a ignored QM level in that FL.
A bit relieved that its not my drawing that is faulty.
Maybe i should start calling you master, that way it will feel like im an apprentice in an chinese martial arts movie.
Thank you too hendzwoter, i appreciate your help.
im will continue marking now.
Ask, and it is given. Every single time, no exceptions.
{quote} Thanks a lot! very concise and clear. A bit relieved that its not my drawing that is faulty. Maybe i should start calling you master, that way it will feel like im an apprentice in an chinese martial arts movie.
- #4,513
- Feb 5, 2019 9:06am Feb 5, 2019 9:06am
Hi everybody, I try on this... Don't know how to hold this trade. But at least work good. Uhm... Good reaction.... Thanks everyone.... {image}
{quote} I am also in this trade. Buy limit.. it was an ignored QM level
i was trying to mark the reasoning of this trade. please give me your comments about my understanding.
thanks in advance
Ask, and it is given. Every single time, no exceptions.
{quote} {quote} hendzwoter and fdx, i was trying to mark the reasoning of this trade. please give me your comments about my understanding. thanks in advance
The reason by fdx is ignored QM level. It is like inverted QM.
My reason is touch trade. And I don't know how to handle it. It means that is a correct way to enter into the market but may be I will still get lose if I hold it wrongly.....
RIP RTM
- #4,517
- Feb 5, 2019 9:17pm Feb 5, 2019 9:17pm
{quote} Don't get out of rule. Even it is easier. The reason by fdx is ignored QM level. It is like inverted QM. My reason is touch trade. And I don't know how to handle it. It means that is a correct way to enter into the market but may be I will still get lose if I hold it wrongly.....
yes i understood the FL that you took for that touch trade. what i was trying to understand is why chose that FL? i guess because it broke another FL or another important area, is this correct?
then that particular important area should have broken another FL/ important area right? in other words, i cant find the end of this FL-breaks-FL chains, thats why i came up with the idea of important levels on my previous post (strong bounce creating lower low/higher high, after the break, the FL-breaks-FL chain can be drawn).
if this trick is not acceptable to determine the first important area, can you suggest me a better way to determine the starting point of FL-breaks-FL chain?
I hope you understand what i am confused about. I am not trying to over complicate or breaking the rules. i was just trying to find a trick based on the rule to understand this with my tiny brain.
Ask, and it is given. Every single time, no exceptions.
- #4,519
- Feb 5, 2019 10:03pm Feb 5, 2019 10:03pm
Morning BeefStew. I'm still learning so don't know what the reason to touch trade. So I just try it before. FL is somewhere on start and end of trends. So your way marking just almost same. Although the you said twice of FL is unreasonable. Hei I lose my trade again LOL
the twice of FL is just meant to be a trick to measure the imbalance, not some kind of a fixed rule. that way maybe i can avoid picking weak FLs like what i post on previous.
by the way i put a buy limit for a setup on eurusd. dont know if this one a good setup or not.
H1
zoomed in to FL break area (M15)
anybody please feel free to comment
Ask, and it is given. Every single time, no exceptions.