Trading Institutional Order Flow
- #9,128
- Jan 9, 2021 8:10am Jan 9, 2021 8:10am
Hello S.A.D Traders, Can someone help me with this ? Austin, I think you misunderstood my question. My curve TF is daily what if the price touches our daily zone with a wick and give us confirmation by taking opposing zone and breaking TL outside the zone. Should we take that trade or we should always take confirmation trade only inside the zone. Thank you.
Your gold chart is similar to what I'm looking at but it's not such a great signal as well as hitting a supply. 
Indicators only Indicate, Price action dictates.
- #9,130
- Jan 9, 2021 11:09am Jan 9, 2021 11:09am
{quote} Hi joe123, Thanks for your comments but I think you misunderstood my questions. Kindly look below for my chart hopefully you will understand. My question is can we take confirmation entries outside the zone once it touch our curve TF zone with just a wick. Look below it just touched my curve TF and gave confirmation outside the zone. Thank you. {image} {image}
Take a look at DX (dollar index chart). A supply zone at 90.250 is more likely, so slightly higher. There's a flag at 90.00 and lower demand at 89.75 so prices are capped to the upside from what I can see in the short term
Usdchf Overall your trade is ok but you might get spiked out to the upside before it continues lower.
This is the supply zones I'm looking at.
Indicators only Indicate, Price action dictates.
- #9,134
- Jan 12, 2021 10:42am Jan 12, 2021 10:42am
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Check out the dollar chart, we are about ready to go down lower now. At least if this supply holds.
...[/quote]
That means usdchf should head up to the higher supply if the lower supply doesn't hold. Price should go lower from there if we continue with dollar weakness. You trade was technically ok when it first hit the zone. The problem was there's a lower risk, higher reward short higher up which is prob where price is going.
{quote} I would say the first test is always or will always create the strongest first reaction. So I would take it. You can see that price spiked into the zone. So a spike into a zone would classify a first touch. {image} Your gold chart is similar to what I'm looking at but it's not such a great signal as well as hitting a supply.  {image}
{quote}
That means usdchf should head up to the higher supply if the lower supply doesn't hold. Price should go lower from there if we continue with dollar weakness. You trade was technically ok when it first hit the zone. The problem was there's a lower risk, higher reward short higher up which is prob where price is going.
Indicators only Indicate, Price action dictates.
- #9,139
- Edited 2:06pm Jan 21, 2021 1:25pm | Edited 2:06pm
{quote} I would say the first test is always or will always create the strongest first reaction. So I would take it. You can see that price spiked into the zone. So a spike into a zone would classify a first touch. {image}
USDollar daily
Indicators only Indicate, Price action dictates.
- #9,140
- Jan 21, 2021 2:32pm Jan 21, 2021 2:32pm
{quote} The zone is big no doubt about that mate but if you check closely on the daily zone we have a tiny DBD as price left the zone with good strength too that's where I I took it with my stop just above it, still holding we got AUD news coming up hope it pushes price even lower
If you in this trade, good on you. Just be aware it's a counter trend move. Monthly we hit a demand zone so I see this pair moving higher.
Daily chart I would wait for price to go slightly lower before closing your short.
I would look at a long at the R/S flip if we manage to get down there.
Indicators only Indicate, Price action dictates.