rtkwar-
DBD-Drop, Base, Drop
RBR- Rally, Base, Rally
Also RBD-Rally, Base, Drop
and DBR-Drop, Base, Rally
DBD-Drop, Base, Drop
RBR- Rally, Base, Rally
Also RBD-Rally, Base, Drop
and DBR-Drop, Base, Rally
Price Action made simple with Supply and Demand levels
Clementngu-
This is a great area because large traders will see this as an area to load up for a big short on this pair.
The chart I have created with a couple of trades that I will monitor to enter in shows more in detail.
Great zoning by the way. Entry right where I am, stop nice, and your target is decent. Possiblity of a good target around 98.18 too.
Caution though: On the first zone I would be very active on taking profit if price starts moving out of that zone because if large traders start loading up the price could move back to 98.61 to fill the rest of their unfilled orders. Just a heads up.
This is a great area because large traders will see this as an area to load up for a big short on this pair.
The chart I have created with a couple of trades that I will monitor to enter in shows more in detail.
Great zoning by the way. Entry right where I am, stop nice, and your target is decent. Possiblity of a good target around 98.18 too.
Caution though: On the first zone I would be very active on taking profit if price starts moving out of that zone because if large traders start loading up the price could move back to 98.61 to fill the rest of their unfilled orders. Just a heads up.
rtkwar-
Eaten up means that entry orders are mostly filled. So price will not have as much meaning to reverse at that point anymore.
As for my entry at 1.60220 that is where the begining of my demand level is.
Sometimes price will come within a couple of pips before your zone or just barely touch it and reverse the other way.
So I set my entry right on the price line closest to actual price. I know that price may even move into my zone a little bit and then reverse but I am fine with that. I am in the trade now.
I will not get out of my trade because price moves very close to my stop either because there were no emotions when I set up my trade and I will leave it be.
There are more things to watch out for but we won't worry about that until you have perfected your game. Just stay away from trading around news times with this type of trading until you can make quick decisions.
Here are some market routines i do before setting a trade. You try and compare with mine.
Attachment
Attachment
Eaten up means that entry orders are mostly filled. So price will not have as much meaning to reverse at that point anymore.
As for my entry at 1.60220 that is where the begining of my demand level is.
Sometimes price will come within a couple of pips before your zone or just barely touch it and reverse the other way.
So I set my entry right on the price line closest to actual price. I know that price may even move into my zone a little bit and then reverse but I am fine with that. I am in the trade now.
I will not get out of my trade because price moves very close to my stop either because there were no emotions when I set up my trade and I will leave it be.
There are more things to watch out for but we won't worry about that until you have perfected your game. Just stay away from trading around news times with this type of trading until you can make quick decisions.
Here are some market routines i do before setting a trade. You try and compare with mine.
Attachment
Attachment
same problem even when i uploaded my pictures and when i click on insert i move to home page forexfactory.com i will sleep now and i will try later
- #176
- Edited 1:38pm Oct 22, 2013 2:12am | Edited 1:38pm
Hi Thomaas, Good work sharing the method. However, I feel you should give credits where its due for the source of the materials you obtained from here. Happy sharing, and happy learning. Chao
Hi Thomaas. I see that you used some images from an article I wrote for Read the Market. You're very welcome to use the entire article if you wish. In fact, there's a wealth of information on the site which will take learners far beyond the rudimentary use of supply and demand. As a courtesy though, be sure to credit RTM for any material you copy. Thanks so muchMel
You should clarify whether you took the images and rewrote articles from RTM and especially from Mel. Did you base your thread on their writings? All five of your vouches were obtained on this basis so it is important that you respond to such references. Your followers should know the original source of your "price action made simple".
http://readthemarket.com/index.php/c...-levels-by-mel
