Had a swap level tp picked off the daily OZ chart and almost posted it but didn't think it would get hit . Oh well don't think just do,, LOL Ken
Good Trading To All ; Ken Lee
Day Trading vs. Swing Trading vs. Position Trading 86 replies
Dislikedhi keneth!!
pls let me start by expressing my appreciation to ur wonderfull thread.thank you very much for ur pdf,posts and great explanations.
very kind of you.
would u or anyone else mind to comment on my charts?
will u guys consider this as a good supply level?the risk is not that big and it looks like price dropped in a very fast manner.i tried to go to lowerfaster TF to try even lower my risk but couldn't find it.
any thoughts?
im not gonna take it as im still getting used to this method but was wondering if im on the right path.
thank you...Ignored
Dislikedhi keneth!
one more Q if u don't mind-
is it correct to assume that when price is approching supply or demand level we would want to see a fastfeverish PA and not a slow small candels?
does slow PA into a zone have a better chance to actually blow throw a level?
i know there are a lot more factors to whether a zone might hold or not such if its a fresh one,candelsticks formation indicating rejection,etc..but was just wondering about my above assumption.Ignored
DislikedHi Ken,
Thank you for explaining Supply and Demand and defining them so clearly.
Now for some learning.
After going from higher TF's, I stopped looking for fresh levels at M30 on the EURJPY pair.
I've marked my entry, SL and TP. Anything I'm doing incorrectly?Ignored
DislikedWas so tempted to go in again with a Market order, but set a PO instead as I saw a better Supply area above it.Ignored
DislikedHi kenneth,
see attached EURUSD 30m chart
Is this the correct Supply level zone?
thanksIgnored
DislikedHi Kenneth,
Thanks for your previous reply.
How about this GBPUSD H4 chart?
One of the criteria is the amount of time candle spend away from the level.
When you consider this "time" factor, is it in the context of the time zone that you drawing the S/D level on?Ignored
DislikedThanks.
But for this case, when price re-visit this level again, it will not be considered as a "FRESH LEVEL". Am i correct?
so the risk is higher in a way the zone might not hold?Ignored