EURUSD{image}
Indicators only Indicate, Price action dictates.
Trading Institutional Order Flow
{quote} you have marked out where you going to go long and short but you trading against the trend. just my opinion over here, but its better to trade with the trend then against it. what i should say is that its easier to trade with the trend then against it.
.But I am trading with the trend, in a weekly zone , in the direction of of the weekly trend, it gives it more probability, but if it doesn't work for my next Ten trades, I will start following the current trend on smaller timeframes such as Daily , in small time frame trend direction, and in Daily Zones, that's also works preety good.
I am just trying to follow @akt . Anyway thank you friend.
- #9,885
- Jul 25, 2022 10:42am Jul 25, 2022 10:42am
{quote} You are absolutely right
I cant tell you tho as im not looking at those pairs.
Good trading.
Indicators only Indicate, Price action dictates.
- #9,886
- Jul 25, 2022 10:59am Jul 25, 2022 10:59am
{quote} You are absolutely right
you dont want to be trading where you are as price hasnt hit its true demand zones. theres a better chance to go long at one of these levels.
on lower time frames we are creating supply zones along the way down. most recently with this current high.
Indicators only Indicate, Price action dictates.
- #9,893
- Edited 5:52pm Jul 26, 2022 5:30pm | Edited 5:52pm
EURUSD 5MIN chart:
would need to break above the current supply, but a break higher will lead us to the higher supply which would be a nice place to go short for a continuation of the trend, down. prob in over night session it'll head into the higher supply, and when tomorrow session starts again, it'll take price lower. thats if we can get above this current supply. lets see. 
currently we are at this demand that will pick price up. 
would need to break above the current supply, but a break higher will lead us to the higher supply which would be a nice place to go short for a continuation of the trend, down. prob in over night session it'll head into the higher supply, and when tomorrow session starts again, it'll take price lower. thats if we can get above this current supply. lets see.
currently we are at this demand that will pick price up.
Indicators only Indicate, Price action dictates.
- #9,895
- Jul 27, 2022 8:15am Jul 27, 2022 8:15am
{quote} price reacted nicely against that level, but we need to get below these two demand zones on 5 min before we can move lower. price is creating supply zones on different charts. so lets see. anyone take it? closed off half. {image}
) Thank you
- #9,896
- Jul 27, 2022 8:20am Jul 27, 2022 8:20am
{quote} price reacted nicely against that level, but we need to get below these two demand zones on 5 min before we can move lower. price is creating supply zones on different charts. so lets see. anyone take it? closed off half. {image}
Hi Joe, I would like to know how you set your target?
Do you keep the target in the opposing zone of the same timeframe? For example, if I have marked a SZ on 15 mins timeframe then my target should be opposing DZ of the same timeframe?
Or do you trail?
Thank you
- #9,897
- Jul 27, 2022 9:13am Jul 27, 2022 9:13am
{quote} Hi Joe, I would like to know how you set your target? Do you keep the target in the opposing zone of the same timeframe? For example, if I have marked a SZ on 15 mins timeframe then my target should be opposing DZ of the same timeframe? Or do you trail? Thank you
Its a number of things really, just remember ive been looking at supply and demand for 10 years now but been trading for 13 years. so i have alot of ''chart time'' on my hands.
the first thing i look at, is the original supply zone, price can retest that level which is the first thing i always want to remember. if it does, it'll go into the supply zone that I newly marked out. also i look at different timeframes to see how price reacted against that level. that gives me an extra view of what it really wants to do. also i look at current demand zones as places of opposing resistance like i marked out. So long as we stay below the newly formed supply zone, (which can be on 1min time frame even) we are good. its a little complicated to explain, but it works in my head.
in simple terms for beginners, i would count the lower lows and lower highs, as places of resistance but not supply zones. that way you can have a trailing stop as it makes new LL & LH like its doing. that's to put it simply.
Indicators only Indicate, Price action dictates.
- #9,899
- Jul 27, 2022 9:24am Jul 27, 2022 9:24am
{quote} Hi Joe, I would like to know how you set your target? Do you keep the target in the opposing zone of the same timeframe? For example, if I have marked a SZ on 15 mins timeframe then my target should be opposing DZ of the same timeframe? Or do you trail? Thank you
For this trade, i used the demand zones as places to take profit. i trade high volumes per trade depending on the trade. so i make most of my money at the beginning and leave a small portion as a trailer.
Indicators only Indicate, Price action dictates.
- #9,900
- Jul 27, 2022 9:29am Jul 27, 2022 9:29am
{quote} I didnt really answer you lol. For this trade, i used the demand zones as places to take profit. i trade high volumes per trade depending on the trade. so i make most of my money at the beginning and leave a small portion as a trailer.
What I meant is .. Thank you for the detailed unanswered explanation.
"so i make most of my money at the beginning and leave a small portion as a trailer."
make sense!