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Imbalance is key 🔑🔒

  • #201
  • Jan 15, 2023 2:29pm Jan 15, 2023 2:29pm
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  • #202
  • Jan 15, 2023 2:30pm Jan 15, 2023 2:30pm
Quoting majidmas
{quote} Why didn't price react well to the daily psychological level?
It does react, but it is not as strong as Monthly and it also depends on the timeframe you are viewing setups for. For Daily reactions, you need to be on a much lower timeframe to see such reactions and setups (see below). I prefer to trade longer term, so I look on H4/H1 for my setups, hence the higher tf psych levels will be more pertinent.

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  • #203
  • Jan 15, 2023 7:13pm Jan 15, 2023 7:13pm
A setup with S&D imbalance and psych levels. Notice how price blasts through the 4hr psych level, creates a demand zone as a result, comes back for more liquidity to rally up again. using Fibonacci retracement as confluence, notice how the candle barely closes around the 50% mark, right at the S&D demand zone drawn (shaded rectangle), and just above our 4hr psych level. Beautiful setup. A 4:1 trade. This is what we are patient for. The market will give you these, but not everyday!

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  • #204
  • Jan 15, 2023 10:31pm Jan 15, 2023 10:31pm
Quoting tiestobob
Alright, time for psychological levels. Rules: 1. Draw thin horizontal lines starting from Monthly chart all the way down to Daily Chart. Sometimes H4 depending on the price action. 2. Beginning with Monthly, identify key areas where candle BODY open/closes are respected. Pay attention to my screenshots below. Notice how clean the candles respect each level. 3. In addition to these levels, mark the LAST month's high and low 4. For EACH line you draw, round it up/down to the nearest .50, .00, or .25 5. As you come down from Monthly to Daily, fix...
This remind me of wicksdontlie analysis.
Money moves the market, not an indicator.
  • #205
  • Jan 15, 2023 10:41pm Jan 15, 2023 10:41pm
Quoting andoseg2
{quote} This remind me of wicksdontlie analysis.
I've heard of him but never used his method. From my understanding his strategy was about filling of wicks, and this is not about that. This is more about observing price near psych levels & fib levels, and wicks tend to be the way price tests levels.
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  • #206
  • Jan 15, 2023 10:43pm Jan 15, 2023 10:43pm
Quoting ninner
{quote} quit posting about this imbalance crap lol
What's wrong with you ? Did you sleep well ?
Money moves the market, not an indicator.
  • #207
  • Jan 15, 2023 10:43pm Jan 15, 2023 10:43pm
Quoting tiestobob
{quote} I've heard of him but never used his method. From my understanding his strategy was about filling of wicks, and this is not about that. This is more about observing price near psych levels & fib levels, and wicks tend to be the way price tests levels.
Your T channel doesnt work, link expired btw
Money moves the market, not an indicator.
  • #208
  • Jan 15, 2023 10:47pm Jan 15, 2023 10:47pm
Quoting Macd-rsi
{quote} why? higher frames, safer trading . . (more clear)
Because there are some similarities between timeframes. Looking on D timeframe for drawing S/R lines and 1h for finetunning the entries is not the same with W S/R and 1h .
Money moves the market, not an indicator.
  • #209
  • Jan 15, 2023 10:47pm Jan 15, 2023 10:47pm
Quoting andoseg2
{quote} Your T channel doesnt work, link expried btw
Ahh thanks for the heads up my friend! Link corrected.
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  • #210
  • Jan 15, 2023 10:52pm Jan 15, 2023 10:52pm
Quoting majidmas
{quote} This right? {image}
I see at least 2x strong trading setups in your picture, with at least 1:8 risk:reward
Money moves the market, not an indicator.
  • #211
  • Jan 15, 2023 10:53pm Jan 15, 2023 10:53pm
Quoting tiestobob
{quote} Ahh thanks for the heads up my friend! Link corrected.
You must create a group and attach it to your channel if you wish other people be able to comment on your posts.

Then you will post only on your channel.

Actually we can't post opinions to your posts.

It should look like that, a possibility to "Leave a comment"

On channel only you will post and every post will have the possibility to get comments from subscribers. On group will get both your posts from channel and replies from members.
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Money moves the market, not an indicator.
  • #212
  • Jan 15, 2023 10:55pm Jan 15, 2023 10:55pm
Quoting andoseg2
{quote} You must create a group and attach it to your channel if you wish other people be able to comment on your posts. Then you will post only on your channel.
I will use this only to make announcements, for now. Later I will send invite link to my Discord group and we can collaborate on there. Stay tuned!
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  • #213
  • Jan 15, 2023 11:18pm Jan 15, 2023 11:18pm
Quoting SilentFather
What I did before was markup every 10 pips level on chart. On 1 minute chart. You might guys notice how price create low or high, restest it and goes away. This was also nice, since you could get 10 pips easily with SL 2 or 3 pips. Entry must be on created high or low. Not after, not before otherwise your SL would be bigger. That's not good. So guys, this thread really rulez. There is truth behind it. Much better than sharing some kind of system with 20 indicators & tons of colors. Those threads are always best. Having some fun. And sorry...
That's right. Who have advanced knowledge reading the chart can adapt it to intraday timeframes too.
Money moves the market, not an indicator.
  • #214
  • Jan 15, 2023 11:37pm Jan 15, 2023 11:37pm
Quoting tiestobob
{quote} Hi, make sure you look at the bigger picture when drawing your lines. Look left a bit as some Monthly levels can still hold. And you want to coincide as many key levels as possible, not necessarily draw every single reversal. I've marked up EU for you on Monthly. Try to make sense of what I have and do the same. {image}
Hi Tiestobob
Thank you for all this great information.
I added a line in your chart, in red This is not a good level?
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  • #215
  • Jan 15, 2023 11:44pm Jan 15, 2023 11:44pm
Quoting andoseg2
{quote} That's right. Who have advanced knowledge reading the chart can adapt it to intraday timeframes too.
Indeed. You and SilentFather should experiment adding the psych levels on m15/m30/h1 and observe price reaction on m1/m5 using the same S&D zones. Would be an interesting experiment especially if you like to
intraday trade on lower timeframes. Might add greater confluence. I typically favour the higher TF since I don’t like to day trade but hey, everyone has their style!
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  • #216
  • Jan 15, 2023 11:46pm Jan 15, 2023 11:46pm
Quoting Katfx
{quote} Hi Tiestobob Thank you for all this great information. I added a line in your chart, in red This is not a good level? {image}
Hi Katfx! Great catch! I am getting old -_-‘

Yes, that is also a valid level. I usually only focus on the immediate levels but for practice you can draw all to get a hang of things. Great work keep it up!
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  • #217
  • Jan 16, 2023 12:24am Jan 16, 2023 12:24am
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Money moves the market, not an indicator.
  • #218
  • Jan 16, 2023 12:35am Jan 16, 2023 12:35am
Just as observation

Now, on 1m I suppose one should carefull stalk for evidence of buyers
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Money moves the market, not an indicator.
  • #219
  • Jan 16, 2023 12:38am Jan 16, 2023 12:38am
Mabe this?
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Money moves the market, not an indicator.
  • #220
  • Jan 16, 2023 12:43am Jan 16, 2023 12:43am
Quoting andoseg2
Mabe this? {image}
Looks like a demand zone is forming. When you draw your psych lines on higher TF make sure you round to nearest .xxx0 or .xxx5.
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