Thx for your answer msmarple,
So let me know if Im correct.
We look for supply demand zones on 1hr for example, then see if we have a SV on lower tfs (is this right or just on 1hr ?? ) once we have the SV we go into the 5/15mins tf looking for accumulation/distribution then we look for a push through of the level without extreme volume and then look for a NS/ND.
Im right ?
Any help/comment is appreciated.
Thx guys !!
Of course if one is more experienced like taomql, then you can scan multiple timeframes and draw the most obvious demand/supply levels beforehand etc.
But what Clifton emphasized so much ( with success ) is to first learn to walk before you run - that means first gain experience by recognizing the most obvious shifts of balance. This alone will keep us out of many bad trades.
I personally start with higher timeframes and work down, not the other way. That`s why I said you have to keep the background in your mind. Just because a minor no supply prints one candle around your primary first supply line, doesn`t mean it is a clear buy. The background was bearish and I didnīt see any reason before NFP day to go long on eurusd.
Just my 2 cents, Clifton will answer with his teaching abilities.
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michael
Be like water.
