Is there somebody who drew the correct zones of suuply/demamd for MN or Weekly from the begininng?
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- #7,192
- Mar 8, 2019 11:03pm Mar 8, 2019 11:03pm
- | Commercial User | Joined Jan 2016 | 2,682 Posts
Hello everyone
A quick video on a basic topic of zone identification.
I hope it helps you, and you too Boris
best wishes
A quick video on a basic topic of zone identification.
I hope it helps you, and you too Boris
Inserted Video
best wishes
Be careful what you think because your thoughts run your life..Solomon
- #7,193
- Mar 8, 2019 11:04pm Mar 8, 2019 11:04pm
- | Commercial User | Joined Jan 2016 | 2,682 Posts
Be careful what you think because your thoughts run your life..Solomon
- #7,194
- Edited 7:35am Mar 9, 2019 7:21am | Edited 7:35am
Hello everyone A quick video on a basic topic of zone identification. I hope it helps you, and you too Boris
As I've mentioned before, 3-4 years ago I've tryed to learn the topic named Supply and demand in a nutshell by Alfonso Moreno https://www.forexfactory.com/showthread.php?t=428204
And I've got a lot of records from that time when they were not deleted from the topic.
Now I have a free time and I'd like to understans how it works.
Below I'm quoting some definitions and my questions about it marked by the red.
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When is a supply or demand imbalance confirmed as a level?
A zone or imbalance is validated under these 2 specific circumstances: Am I right it needs to fulfill both of them simultaneously? In different places of different video I can see that it needs to fulfill both of them, but another places are talking to me that enough to be removed (as for a zones) OR to be broken (as for a trend lines). Inconsistency. I can not understand how to be right.
- Imbalance took out an opposing zone. This rule is the core of this supply and demand strategy
- Making a higher high or a lower low does not necessarily validates a zone, it also needs to take out an opposing zone, unless scenario 3 occurs (read below) Every zone to be valid has to take out an opposing zone. Where is the very first zone situated? How can I find it? Where? Am I right it needs to find all zones from the beginning for correct definition of actual zone?
- Exception: If there is a H4 demand zone that took out an opposing H4 supply but the supply is within a D1 or bigger timeframe, the removal of the zone does not make the demand zone tradable, it’s way too high and we’ll need the D1 supply to be taken out instead. The same applies with a D1 demand zone having removed an opposing D1 supply zone but that supply zone is located within a WK supply zone. Price is fractal, the same rules apply to all timeframes and combinations
- A Trendline has been broken at a bigger timeframe or a flip zone (WoW trade) What is flip zone mean? What is WoW mean?
- When a Trendline is broken, the imbalance originally created that caused the break of the TL will be validated automatically as a valid zone even if an opposing level has not been removed. All you need is
lovetrend line? And the art of drawing of trend lines is the most important in there? So, who can show/give me "trendline drawing indicator" to verifymyart? - This new level will be valid as long as 1 HTF zone is not hit and gains control. That is, if an ascending WK TL is broken and a bearish engulfing pattern is confirmed as supply (it broke the TL), it will be valid as long as a HTF MN demand zone or clear HTF are not hit What should I do with MN TL? MN timeframe has no bigger TF. Create the bigger TF manually? 6M, 1Y and so on? What’s next? Weekly supply zone will no more valid when MN demand zone will be hited? I’ll lose the only supply zone which I had before that.
- A level created after a TL break is valid as long as it does not reach an opposing level and that opposing level takes control without being taken out What should I do if the opposing level not only touched but also removed/deleted?
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Can somebody comment my questions?
HEY GUYS.i JUST WENT THRU THIS , COULD U GUYS COMNENT IF I GOT IT WRONG. WE ALL ARE HERE TO LEARN. WEEKLY AND M is showing me down ' but Daily is a up (am i wrong) Buy for a shortterm only ofcourse did i drew right ? {image} {image} {image} {image}
I am sorry, i speak English a little bit
- #7,200
- Mar 17, 2019 6:43am Mar 17, 2019 6:43am
- | Commercial User | Joined Jan 2016 | 2,682 Posts
Be careful what you think because your thoughts run your life..Solomon