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- #3,126
- Sep 5, 2012 7:08am Sep 5, 2012 7:08am
- | Joined Oct 2010 | Status: What a knob 'ead | 90 Posts
If it was a fresh demand zone for example and price passed straight through it (which we wouldn't expect) then this is termed 'ignored demand' and it stands a higher chance of acting as supply once price has broken through.
The theory being that strong demand being overcome means supply is even stronger and thus we'd expect that strong supply still to be present on the retrace.
Many thnaks for your quick response
....additionally, does elapsed time have any effect on the validity of a SD zone, e.g. say a zone dates back several months or years but has not been revisited by price since then?
No more DOH! trades
- #3,132
- Sep 5, 2012 7:18am Sep 5, 2012 7:18am
- | Commercial User | Joined Feb 2008 | 4,633 Posts
EURUSD 1m chart. Compression into D, FTB straight into NY open...
- #3,133
- Sep 5, 2012 7:19am Sep 5, 2012 7:19am
Looks like we are or rather were in the same trade,
I once struggled with all the variables and TF, now I see you trading off a 13m chart! Where does it end?
- #3,135
- Sep 5, 2012 7:20am Sep 5, 2012 7:20am
- | Commercial User | Joined Feb 2008 | 4,633 Posts
Many thnaks for your quick response
....additionally, does elapsed time have any effect on the validity of a SD zone, e.g. say a zone dates back several months or years but has not been revisited by price since then?
I prefer zones that don't have months between them as I prefer zones that are fresh in the mind of short term traders and am not that fussed on zones that I have to scroll back months to view.
But I know others will have different view points.
- #3,139
- Sep 5, 2012 8:24am Sep 5, 2012 8:24am
- Joined Mar 2010 | Status: Trader | 1,635 Posts
Closed 2/3 at 1.5184 for +34 pips.
