{quote} The chart above your post answers your question nicely. You have a few demand zones, what are they reacting to ?
Hi bro here i marked pls check
ReadtheMarket - Supply and Demand with Price Action
- #5,202
- Apr 21, 2019 9:12pm Apr 21, 2019 9:12pm
I think the whole Area of FL is still holding price up, only when it s broken and engulfed, i will be looking for shorts in a retrace,
I took some profits early on, because the FL has been visited many times,
hope this helps, I m still learning so don't take my word for it
I took some profits early on, because the FL has been visited many times,
hope this helps, I m still learning so don't take my word for it
- #5,203
- Apr 22, 2019 7:00am Apr 22, 2019 7:00am
this is a great setup recently
A FL that hold price down, and a pinpoint entry a la RTM style
this would have at least 30R, the real difficulty is to have patience and wait for the best setups wich I'm not good at
A FL that hold price down, and a pinpoint entry a la RTM style
this would have at least 30R, the real difficulty is to have patience and wait for the best setups wich I'm not good at
- #5,207
- Apr 30, 2019 12:05pm Apr 30, 2019 12:05pm
{quote} Stopped watching minor pairs so I missed this, still holding? The market hasn't given me much this month, volatility has been very low.
It was a good trade; price engulfed into CP and went down perfectly to target, another left shoulder;
All I can tell you is to start focusing more on HTF levels, and wait for price to come to you, at least that's what I do.
Here is screenshot of IF webinar defing a level in HTF, and see the massive reaction.
here is the reaction
Hows it going guys. I watched IF's new video where he explains an oil short he took with 200 R. In the video he said his entry was based off a kink. Ive noticed you guys talked about left shoulder kinks as well; however I cant find any PDFs or videos that explain what a kink is. Could someone please explain what a kink is? Thank you
There is a left shoulder, and there is a kink of LS in the same time frame or in the lower time frame.
This screen is indicative.
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- #5,216
- May 8, 2019 5:59pm May 8, 2019 5:59pm
- Joined Dec 2006 | Status: Backtest is meaningless (to me) | 2,176 Posts
nice trade, selfcontrol!
can i ask one question that might seem redundant......? did you place the pending order immediately before NZD central bank rate decision (due to news) or you simply put a PO without looking at news?
This is quite a difficult choice to me... should i completely forget about fundamental news or not......
Thanks
can i ask one question that might seem redundant......? did you place the pending order immediately before NZD central bank rate decision (due to news) or you simply put a PO without looking at news?
This is quite a difficult choice to me... should i completely forget about fundamental news or not......
Thanks
A quick 16R. {image}
nice trade, selfcontrol! can i ask one question that might seem redundant......? did you place the pending order immediately before NZD central bank rate decision (due to news) or you simply put a PO without looking at news? This is quite a difficult choice to me... should i completely forget about fundamental news or not...... Thanks
{quote} I say screw the news. I placed this PO over two weeks ago and I never look at news. News are fine for getting very quick trades such as this one, but I never look at them and plan my trades accordingly. If there's bank orders there, I'll place a trade there.
I've studied your posts and learnt a lot, but I'm still missing some secret lol.
I had this EU level marked, but I missed the trade today. Anyone take it?
{quote} I'm still amazed that you constantly pick these kinds of entries.
As for the EU level I did not catch it, nor would I because the M1 info available in that area does not meet my requirements for a small enough SL and as a principle I stay away from tick charts since it's not natively supported in MT4 and the thought of using e.g cTrader makes me cringe.
On another note: Before the 16R trade I only took 4 trades (since my last posted trade, been too busy with family), all of which were losers due poor focus and lack of a holistic view, but even so my account grew by 54% now, so total it is up 190.45% since the beginning of april. I am posting this to be transparent and I know very many are interested in such numbers, even though they still think any variation of this "method" is a scam.
- #5,220
- May 9, 2019 4:05pm May 9, 2019 4:05pm
- Joined Dec 2006 | Status: Backtest is meaningless (to me) | 2,176 Posts
this is very important information to understand / operate the strategy...and thank you!
...and thank you! {quote}On another note: Before the 16R trade I only took 4 trades (since my last posted trade, been too busy with family), all of which were losers due poor focus and lack of a holistic view, but even so my account grew by 54% now, so total it is up 190.45% since the beginning of april. I am posting this to be transparent and I know very many are interested in such numbers