Indicators only Indicate, Price action dictates.
Trading Institutional Order Flow
- #10,022
- Sep 26, 2022 7:23am Sep 26, 2022 7:23am
this is USDJPY. tried a short over here, stop is tight, above the level. either this level acts as resistance, or we find support by the demand where it at now on 5min, also some demand on 15min. this is a counter trend short, as the trend is to the upside. so just letting price develop to the down side.
im hoping price will break this uptrend. 
Indicators only Indicate, Price action dictates.
- #10,029
- Oct 30, 2022 7:01am Oct 30, 2022 7:01am
- | Commercial User | Joined Jan 2016 | 2,682 Posts
Be careful what you think because your thoughts run your life..Solomon
- #10,030
- Edited 3:37pm Nov 2, 2022 11:55am | Edited 3:37pm
Hello traders,
This post aims to do 2 things
I've chosen the somewhat higher TF since things seem to be more "obvious" there to learn.
My "big picture TF" was the daily. Here, I only focus on defining the overall trend, in this case, we are in an uptrend.
https://www.forexfactory.com/attachm...1?d=1667406892
Next, my intermediate TF was the 4H
https://www.forexfactory.com/attachm...9?d=1667407279
I am having a hard time with the concept of the ML (momentum line / trend line).
Is it correct to say that, when price opens and closes outside (breaking) the line, it invalidates the 1H DZ I've drawn?
What does that mean for new buying opportunities? Can I only go long in DZ's not yet created?
This ML has messed me up.
Hope someone can help a new student out
.
Thank you in advance for those choosing to help me.
S.
A short intro:
I am an IT professional that is interested in trading since +- 1y.
Recently I've found the concept of S&D and I've spent the last 2w reading and watching videos.
I've kept it to AKT's videos and a guy named "Austin Moneyball" on YT, according to him, a student of AKT.
I only trade crypto. My wallet is not big and the low fees in crypto are my main reason for trading crypto rn.
Since I'm not an experienced trader, I am (for now) merely taking longs.
Today I've spent another 6 or so hours studying and decided ending my day with my first analysis on ETH/EUR.
This post aims to do 2 things
1) Identify if i'm looking at things correctly
2) Help me clearing up my issues with the trend line or momentum line.
I've chosen the somewhat higher TF since things seem to be more "obvious" there to learn.
My "big picture TF" was the daily. Here, I only focus on defining the overall trend, in this case, we are in an uptrend.
https://www.forexfactory.com/attachm...1?d=1667406892
Next, my intermediate TF was the 4H
https://www.forexfactory.com/attachm...9?d=1667407279
I am having a hard time with the concept of the ML (momentum line / trend line).
Is it correct to say that, when price opens and closes outside (breaking) the line, it invalidates the 1H DZ I've drawn?
What does that mean for new buying opportunities? Can I only go long in DZ's not yet created?
This ML has messed me up.
Hope someone can help a new student out
.Thank you in advance for those choosing to help me.
S.
black zones up or above in my screenshots are always daily zones.
- #10,031
- Nov 9, 2022 10:27am Nov 9, 2022 10:27am
- | Commercial User | Joined Jan 2016 | 2,682 Posts
Hello traders, A short intro: I am an IT professional that is interested in trading since +- 1y. Recently I've found the concept of S&D and I've spent the last 2w reading and watching videos. I've kept it to AKT's videos and a guy named "Austin Moneyball" on YT, according to him, a student of AKT. I only trade crypto. My wallet is not big and the low fees in crypto are my main reason for trading crypto rn. Since I'm not an experienced trader, I am (for now) merely taking longs. Today I've spent another 6 or so hours studying and decided ending my...
Welcome to T.I.O.F and thank you for sharing some of yourself and your journey, and of course, your thoughts on this market.
I have attached some of my initial thoughts on the chart below.
About momentum lines, please don't worry too much about them. All it is, is a way of getting an initial indication of a move in one direction or the other coming to an end. It does not tell you if that is a long term or temporary pause in a move.
Another disadvantage is that it is the earliest indication of a turn occurring and because of that, it is also the one with the most whipsaws.
To draw them, you are starting from current price and looking above (in the case of downward momentum lines) at the two most recent peaks above or two most recent troughs or pivot lows below price (in the case of an upward momentum line). It is important that the peaks and troughs you choose are those that have either made new lows (if a downward momentum line) or new highs (if an upward momentum line).
Please note that some supply and demand traders prefer to use oscillators to gauge current momentum. There is nothing wrong with that either, if you prefer it and it works for you.
Best wishes
Be careful what you think because your thoughts run your life..Solomon
- #10,032
- Edited 7:22am Nov 14, 2022 3:38am | Edited 7:22am
{quote} Hello Snak3d0c Welcome to T.I.O.F and thank you for sharing some of yourself and your journey, and of course, your thoughts on this market. I have attached some of my initial thoughts on the chart below. About momentum lines, please don't worry too much about them. All it is, is a way of getting an initial indication of a move in one direction or the other coming to an end. It does not tell you if that is a long term or temporary pause in a move. Another disadvantage is that it is the earliest indication of a turn occurring and because of...
After many more videos of you, i figured out that the ML is just the first indication of price changing direction.
A possibility in a trend change.
By breaking the ML it validates a new zone, whether it's a SZ or a DZ.
It does not invalidate the zones below or above.
It might affect it by lowering your profit margin, but the zones themselves* remain valid.
I've been working on a "step by step" approach on how to find and enter a trade. Because i find all the information very useful, but hard to put together.
Yesterday i've done an analysis on the pair XRP/USDT over @ Binance. This was my thought process written down in 1 screenshot:
So i placed a paper trade on TradingView and it played out as i had hoped.
Now, although the trade played out correctly, i wanted to ask, did my analysis make sense?
Returning to the subject of the ML, did i draw that one correctly?
I will continue my nights spend on watching your old videos. I really appreciate you for making them.
Thanks again for your response, your time and videos.
PS To all the readers here, is there a public discord channel where you hang out?
I think this might be a nice place in addition to the forum? I more direct way of communicating?
Would love to know if it exists or not.
All the best,
S.
black zones up or above in my screenshots are always daily zones.
- #10,034
- Dec 11, 2022 12:53am Dec 11, 2022 12:53am
- | Commercial User | Joined Jan 2016 | 2,682 Posts
Be careful what you think because your thoughts run your life..Solomon
- #10,036
- Dec 16, 2022 1:08am Dec 16, 2022 1:08am
- | Commercial User | Joined Jan 2016 | 2,682 Posts
Be careful what you think because your thoughts run your life..Solomon