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(binned per thread starter’s request) Supply and Demand, Price

  • #141
  • Jan 5, 2021 2:10pm Jan 5, 2021 2:10pm
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Quoting kCBHk
Hi Guys, Can I get your opinion on this? I marked the supply area from a WRB on 30min, and saw a nice rejection unfold on 5min/15min and waited for the close, then I entered short. I know the area below looks messy and is probably a consolidation zone, so perhaps this is not a great trade to take. Will appreciate any thoughts/comments/feedback. {image}
Nothing wrong with your trade. The question should be: What is your target and what are you basing it on. Zooming out I can see a large bullish gap and price may be seeking to fill this so a 3:1 trade seems possible. What to me is problematic is your analysis using 3 time frames, the 30 min, the 15 and the 5 minute. You have a 15 minute chart posted so that is what I used. Looking for favorable price action on other time frames to justify a trade on another time frame to me is just searching for an excuse to enter a trade. This type of analysis as I've spoke of before will haunt you.

Choose the time frame you want to trade and analyze it in that time frame. Don't look at higher or lower time frames. End of rant.
  • #142
  • Jan 5, 2021 3:20pm Jan 5, 2021 3:20pm
Quoting pakeha
{quote} Hidden Gap, for my benefit can you clarify your definition of 1). EvR (what is that), 2) 2BR (I assume its a 2 bar reversal?) and 3) WRB divergence (what is that?). Many thanks

1. EvR: Effort versus Result. Also known as a Squat. This is usually a narrow range (H-L) interval (narrower than the one before it) but with increasing volume. So it has a smaller range than the previous interval but larger volume. This is a sign that something is compressing price movement. This sometimes referred to as absorption.

In the chart posted, the sell orders were being absorbed by buy orders.

2. 2BR: 2 Bar Reversal. correct.

3. WRB Divergence: Not a VSA term. This is a particular price pattern taught by WRBtrader (Formerly known as Nihabashi) and I can't say much about it. But if you tell me what you see, I will comment as much as I can. Just to be clear, the two yellow boxes highlight the WRB Divergence.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #143
  • Jan 5, 2021 3:41pm Jan 5, 2021 3:41pm
Quoting HiddenGap
{quote} 1. EvR: Effort versus Result. Also known as a Squat. This is usually a narrow range (H-L) interval (narrower than the one before it) but with increasing volume. So it has a smaller range than the previous interval but larger volume. This is a sign that something is compressing price movement. This sometimes referred to as absorption. In the chart posted, the sell orders were being absorbed by buy orders. 2. 2BR: 2 Bar Reversal. correct. 3. WRB Divergence: Not a VSA term. This is a particular price pattern taught by WRBtrader (Formerly known...
Thanks

WRB Divergence - how about a change (reversal) in two WRB (down then up), most likely within 7 intervals?
  • #144
  • Jan 5, 2021 6:59pm Jan 5, 2021 6:59pm
Quoting skyf
{quote} Can you make it stop drawing at a distance not till the end of the chart window?
Not exactly sure what you are asking, but the indicator draws unfilled WRB Gap rectangles that stay on the chart until they are filled. That is how WRB gap analysis would require them to be displayed.
  • #145
  • Jan 5, 2021 7:08pm Jan 5, 2021 7:08pm
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  • #146
  • Jan 5, 2021 7:24pm Jan 5, 2021 7:24pm
Quoting Winston Reed
{image}{image}{quote} Nothing wrong with your trade. The question should be: What is your target and what are you basing it on. Zooming out I can see a large bullish gap and price may be seeking to fill this so a 3:1 trade seems possible. What to me is problematic is your analysis using 3 time frames, the 30 min, the 15 and the 5 minute. You have a 15 minute chart posted so that is what I used. Looking for favorable price action on other time frames to justify a trade on another time frame to me is just searching for an excuse to enter a trade....
Thanks Winston, freemind and Sang_real for your comments. Will keep in mind to stay on one timeframe. Thankfully in this case the analysis was the same across the 3 timeframes.

The large bullish gap is what I eventually hope to capture, but the trade still seems to be consolidating. Do you have a fix duration you let the trade run before you close it out, e.g. if it just ranges for a while?
  • #147
  • Jan 5, 2021 7:54pm Jan 5, 2021 7:54pm
Quoting kCBHk
{quote} Thanks Winston, freemind and Sang_real for your comments. Will keep in mind to stay on one timeframe. Thankfully in this case the analysis was the same across the 3 timeframes. The large bullish gap is what I eventually hope to capture, but the trade still seems to be consolidating. Do you have a fix duration you let the trade run before you close it out, e.g. if it just ranges for a while?

"Do you have a fix duration you let the trade run before you close it out, e.g. if it just ranges for a while?"
This question has so much to do with R:R. IMHO once you analyze and plan the trade you commit to the trade 100%.
  • #148
  • Jan 5, 2021 10:14pm Jan 5, 2021 10:14pm
Quoting pakeha
{quote} Not exactly sure what you are asking, but the indicator draws unfilled WRB Gap rectangles that stay on the chart until they are filled. That is how WRB gap analysis would require them to be displayed.
Yes. It draws unfilled gaps to the right end of the chart can it be made to draw it just to the (i.e stop) where the chart shift button is instead?
Without despair & distraught, focus on Patience to FRESH MOTiVES.
  • #149
  • Jan 5, 2021 10:30pm Jan 5, 2021 10:30pm
Quoting skyf
{quote} Yes. It draws unfilled gaps to the right end of the chart can it be made to draw it just to the (i.e stop) where the chart shift button is instead?
OK - you will need a coder to do that. They will need access to the source code.
  • #150
  • Jan 5, 2021 10:49pm Jan 5, 2021 10:49pm
Quoting pakeha
{quote} OK - you will need a coder to do that. They will need access to the source code.
OK Thanks i will upload a version if modified.
What is here is the source code.
Without despair & distraught, focus on Patience to FRESH MOTiVES.
  • #151
  • Jan 6, 2021 4:31am Jan 6, 2021 4:31am
gj
I bought this morning
the volume had turned to the advantage of the buyer
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  • #152
  • Jan 6, 2021 5:13am Jan 6, 2021 5:13am
may I ask if you can direct to books or courses to deepen the following method? I am new to trading and live trading for about 1 year with max loss of 10% in 2020 so quite satisfactory
  • #153
  • Jan 6, 2021 8:08am Jan 6, 2021 8:08am
gj

short
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  • #154
  • Jan 6, 2021 8:31am Jan 6, 2021 8:31am
Potential trade coming up on eurusd?
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  • #155
  • Jan 6, 2021 10:40am Jan 6, 2021 10:40am
dax
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  • #156
  • Jan 6, 2021 11:24am Jan 6, 2021 11:24am
uc
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  • #157
  • Jan 6, 2021 3:05pm Jan 6, 2021 3:05pm
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  • #158
  • Jan 6, 2021 4:49pm Jan 6, 2021 4:49pm
Supply turned to demand ? 15 Min usdcad.

Would you say there is any benefit for a area that changes from supply to demand? Or is it just as good as a area that stays as one type?
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  • #159
  • Jan 6, 2021 5:03pm Jan 6, 2021 5:03pm
Quoting orbwarp
Supply turned to demand ? 15 Min usdcad. Would you say there is any benefit for a area that changes from supply to demand? Or is it just as good as a area that stays as one type? {image}

i use volume liquidity gaps
it depends on what your profit says usually i close 10-15 points or partial sales
  • #160
  • Jan 6, 2021 5:04pm Jan 6, 2021 5:04pm
It will look like that
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