Had a quick look at ozzy after looking at your chart. Here is a quick overview from Daily, H4 and M15.
peace, livindaylite
peace, livindaylite
1 trade per pair per year 6 replies
multiple systems per pair/multiple pairs per system? 3 replies
Extracted Post (per poster's request) 0 replies
Trading 24 hours per day, 5 days per week 14 replies
DislikedYeap, I'm still holding but to be honest I'm sharing your concerns that this level isn't fresh. But the thing which maked me to go with this trade was a strong move down. So I supposed that there are still a lot of sellers there.
Hopefully I'll see a move down If not than it's demo and I'll take an experience that only fresh levels should be taken.
Thank you for the analysis, livindaylite! It's greatIgnored
DislikedSorry for acting daft only20gp, but no I dont - where do you mean? The bottom supply (which should be a little lower anyway), where abouts is the demand?. I just quickly took phi1ipps chart and added a few extra zones to it. You can see where I marked a) and b) on it that it would of failed...thats where I would of failed!.
Where on my chart I posted before did you mean? I cant seem to find this supply zone that was close to a demand!
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Dislikedonly20gp, thanks for your input it deffinately cleared a few things up as to how you take trades. One thing of note though, on middle screenshot where I have marked (a) you say this isn't a great level due to it not going down far enough and staying down for long enough. You say that the level above that, is a nice enough level, but my quesion is, price diddn't stay down for that much longer (than (a) level), it seems a fine line between the two. One thing which the above level has in its favour though is the strong level above that, and Im thinking...Ignored
DislikedI am not a master in the system but I am having ALOT of success with it, so if rocky wants, he can add to what I have written. Someone asked about the CCI and BB I use, well, please do ignore the CCI, I dont really use it. The BB I use it when price is at supply or demand level and outside BB, i increase my lot sizes cuz the winning chances are higher. As for the fib studies, I dont find the need to use them, if you manage to pick good levels, thats all i need but maybe in future I might use them as I am still learning this method. However, I do...Ignored
DislikedBtw can anyone tell me how to take a screenshot of just metatrader? I just print screen and open it in paintIgnored
DislikedI utilize Jing and Clip2Net alternatively, as both provide different inhouse image editors. There are others still if you google. Hope that helps,
livindayliteIgnored
DislikedLet me correct myself, strong supply not support, there is a huge diff.Ignored