Thanks again for sharing,
I'm trying to spot the line of S/D on various time frame,
what about this on the Daily?
Alessandro
I'm trying to spot the line of S/D on various time frame,
what about this on the Daily?
Alessandro
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DislikedSame as 4h
ken, what about the red line? is it true that (Like S/R), also the S/D areas are reversable, after the PA is pass trough? Is it a good example?
And if the S/D area was strong, is true also the reversal one?
in the case is seem that we have to strong demand area, the first one (red line) became a supply area, the price is capped between that S area (red line) and the lower D area that came from 18th april, what about this?
AlessandroIgnored
DislikedThanks again for sharing,
I'm trying to spot the line of S/D on various time frame,
what about this on the Daily?
AlessandroIgnored
DislikedThe same about 4h....
the penetration in the demand area is not deeper and deeper, maybe the consolidation is going up....??? what do you think?
this way of spotting area of S/D is very good and precise, in my opinion, but it seems we have to judge with the same criteria as always...
1) have a clear picture of higher TF S/D
2) pick the trades on lower TF to reduce s/l
3) we have to look PA approaching this area (may be the reversal /bounce is little above Demand area or little inside that area, and viceversa) and try to discriminate little signal
Alessandro...Ignored
Dislikedyes daily levels are very important as they give us the overall view, and major levels of interest but if we trade off this time frame a MAJOR adjustment and our risk is required. So as I showed on that 4 hr chart i posted .After a level is hit we can then look for trades in the proper direction on smaller time frame charts. even trading back and forth until it finally makes a turn or continues.
Because with all entries some will fail, so if you don't have the conviction to hold big trades you can find yourself in peril trying to trade daily...Ignored
DislikedI tend to agree.
I'm happy using POs at areas where price has peaked at a high or low and very swiftly rejected off it. It's fairly easy to spot these, have a look left and see a high or a low that hasn't been visited for a fair while where price has made a sharp V shape on it's approach and rejection. Those levels, if the rejection was strong, are pretty much the holy grail (sorry!) of supply and demand setups.Ignored
DislikedDemand areas work better in uptrends, and
Supply areas work better in downtrends:
Great point there, Ken.
In this context, re. your buy PO at 1.0638:
In the chart since the price is well above that area and market is in an up trend, the only chance of hitting that buy PO would have been if the trend reversed.
So, that PO would trigger against the trend, if at all, which seems to go against what you are advocating in the captioned post. would you not advise deleting PO's in such circumstances unless, I am missing something here...
Pl comment.
Thanks.
Cheers....Ignored
Dislikedken, heres my take, looking at longs on e.u at 1.4 shorts at 1.42 or 1.4280.Ignored
DislikedLooks good to me , With Oanda I have issue with the lower time frame charts not providing enough old data ( won't scroll back very far ) so we might miss some areas that could be between levels marked on 4 hr or daily, They are hopefully just minor spots, But we could miss a move as newer S/D levels form .
But this just part of it . Nice Charts ,,Ignored