DislikedAnd one more thing, can someone post their daily USDJPY chart ? I want to check the levels against mine for confirmation. Thanks.Ignored
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DislikedAnd one more thing, can someone post their daily USDJPY chart ? I want to check the levels against mine for confirmation. Thanks.Ignored
Disliked{quote} AUD/USD Example. Demand has been absorbed at that level you showed. Price is reacting to the buy orders at the level below your grey one. It just doesn't make sense to me to draw a level that has been absorbed, because the buy orders no longer exist at that level. But again, do what works for you. Where the level stopped short of the blue one (on your chart) i would mark that as fresh and take the first pullback. Price seemed to react accordingly in the example. NTIgnored
Disliked{quote} I asked to post, because I wanted to see if others had the these levels marked. I don't understand why the indi marks the zones (31 and 85 pips) as supply zones. They did not take out any valid demand. However, the valley below the 85 pip zone, did. {image}Ignored
Disliked{quote} I dont know what you mean by levels when you refer to pip amount because it doesnt show on your chart. Tell me by the proximal line number. As for the "demand" level your arrow is pointed out, i wouldnt count that because 1. I consider those dojis when at a swap level/speedbump invalid. They are too weak. 2. Counter trending a speedbump is extremley risky if that level hasnt had previous interactions to confirm its validity. And even then you would need confirmation.Ignored
DislikedHere is a good experiment for us all: {image} The green level is Alfonso's supply level. The dimgrey level is the past demand, that price failed to close over. As we can see, price is not respecting Alfonso's supply level, and is heading towards the level I drew. Now, two things can happen. It can bounce off it, or it can keep going through. The level is NOT fresh, as price has already made a large wick over the level, so it has been thoroughly tested, but as we know, price can pullback and a level can hold many times, even if its not fresh. If...Ignored
DislikedIt looks like last night I was also triggered long on H1 speedbump demand on AUDUSD. My SL was automatically moved to breakeven at 2:1 and I was kicked at breakeven on the retest. That retest was another valid entry because it was a fresh level of demand on H1 that had taken out previous highs. My EA should have taken it because it was a valid trade according to the rules. Pity! Alfonso {image}Ignored
Disliked{quote} Why daily demand which you marked on AUDUSD is valid? It not taken any supplyIgnored
Disliked{quote} Why daily demand which you marked on AUDUSD is valid? It not taken any supply, and how your EA thinkin?Ignored
DislikedI'm out of patience with this method. I've been studying this thread everyday, for 15 hours, reading every post multiple times, and watching every video. Studying every picture and every post Alfonso has posted. I really thought I had finally found a logical method, that wasn't subjective, and made sense. The more I learn about it, the more I see how illogical it is. People just mark their own zones, when they obviously don't take out any supply/demand. Zones that have bad departure, and bad scoring using the scoring sheet, are often successful...Ignored
Disliked{quote} I see this all the time also. People just mark zones that don't consume demand/supply. Its hard to replicate this strategy, because everyone has their own levels. There is no rule for how to do them.Ignored
DislikedThe logic is that robots/traders place limit orders in these zones, waiting for price to return. Ok, well the zones obviously have to be formed before the limit orders are placed. So why in the world would it matter how much trading is done in the zone, or how good the departure is? The limit orders haven't even been hit yet until price goes back to the zone, so past price action cannot be indicative of the future price action within that zone.Ignored
DislikedI'm out of patience with this method. I've been studying this thread everyday, for 15 hours, reading every post multiple times, and watching every video. Studying every picture and every post Alfonso has posted. I really thought I had finally found a logical method, that wasn't subjective, and made sense. The more I learn about it, the more I see how illogical it is. People just mark their own zones, when they obviously don't take out any supply/demand. Zones that have bad departure, and bad scoring using the scoring sheet, are often successful...Ignored
Disliked{quote} If there are enough orders we may see a barely touch or even come a few pips short of the zone. If the orders are higher in the zone we many times will see a false break of the Distal (the issue of when is a zone removed which I am still working through) to get the higher up (or lower down) orders and to also bring in the break out traders so they have even more opposing orders to fill their orders.Ignored