The Market pays you to be disciplined
- Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,486 Posts
MT4/MT5 EAs/Indicators/Alerts coder
Trading Made Simple the right way, and other trading lessons 333 replies
Price Will Tell - Supply/Demand Price Action Trading 1,856 replies
Price Action + Demand & Supply Zone + Money Management 0 replies
Simple Supply & Demand 0 replies
Reading price bar by bar and identifying supply/demand levels 16 replies
Disliked{quote} When I was replying I did not refresh page so I did not know that Thomass responded already...Sorry for repeating....Ignored
Thats it for fine tuning let me know if there is any confusion. I will do my best to explain more.
DislikedThomaas, I would like to add to your first post. I call it: Fine Tuning Line Placement Has to have a Leg-in, Base, Leg-out( a "leg" is a large candle with more than 50% of the whole range [meaning shorter wicks] the "base" is a candle with 50% or less than the range [meaning longer wicks] can have one candle) For "demand" or "supply" trades start at current price on your 1hr chart Look left and up for fresh supply, or left and down for fresh demand Leg candles have to be exciting(explosive especially the leg-out) usually very large candle...Ignored
Disliked{quote} As per Sam Seiden, who patented this system, more candles weaker level....Ignored
DislikedThomaas, I would like to add to your first post. I call it: Fine Tuning Line Placement [...]Ignored
Dislikedi like this method and after reading this thread i start to look at the chart i found a lot of good trades but i also saw something not good i will show it to you and please till me if i am wrong or if there is something that i am missing look to the attached chart gbp/usd last week - (area 1 ) formed and considered as demand level - the price get back to (area 1 )at ( point 1 ) so any one will buy from here will hit the stop loss ( 1st stop loss ) - i read somewhere that any demand or supply level get broken and then get retested >>> the retest...Ignored
Dislikedi like this method and after reading this thread i start to look at the chart i found a lot of good trades but i also saw something not good i will show it to you and please till me if i am wrong or if there is something that i am missing look to the attached chart gbp/usd last week - (area 1 ) formed and considered as demand level - the price get back to (area 1 )at ( point 1 ) so any one will buy from here will hit the stop loss ( 1st stop loss ) - i read somewhere that any demand or supply level get broken and then get retested >>> the retest...Ignored
DislikedHello guys, if u see any potential level in any pairs pls notify the house, so that others can benefit from the move as well.So what do you think about eurnzd 4hrs tf?Ignored
Disliked{quote} Exactly. But what do you mean by "who patented this system"? ...Ignored
Disliked{quote} None, cause it's all the same, there is noise everywhere.NOISE IS EVERYWHERE...and most importantly you do not get them that OFTEN (even if you have some bad ones with you).Ignored
Dislikedi like this method and after reading this thread i start to look at the chart i found a lot of good trades but i also saw something not good i will show it to you and please till me if i am wrong or if there is something that i am missing look to the attached chart gbp/usd last week - (area 1 ) formed and considered as demand level - the price get back to (area 1 )at ( point 1 ) so any one will buy from here will hit the stop loss ( 1st stop loss ) - i read somewhere that any demand or supply level get broken and then get retested >>> the retest...Ignored
DislikedI think my explanations are not clear enough, since a lot of people have trouble with finding levels. Here's a new explanation below. Step 1, find a chart, 1h TF. Here it's EUR/USD. {image} Step 2, identify STRONG price movement. We can see there are 3. {image} Step 3, find the base of the price movement. We see two levels: one that already worked, and a new one. {image} Does it make more sense? {quote} Sorry about that, a friend gave me the "drop base drop" images without telling me the source. Thanks for the offer, but I'm going to upload my...Ignored