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  • #581
  • Dec 15, 2014 11:10pm Dec 15, 2014 11:10pm
AUDNZD M15 SUPPLY ZONE

Trade Result +1.75R (Initial SL was 1.0655 and later on moved to breakeven)
Attached Image (click to enlarge)
Click to Enlarge Name: 80a-AUDNZDM15.png Size: 50 KB
The purpose of knowledge is action, not knowledge
  • #582
  • Dec 16, 2014 2:51am Dec 16, 2014 2:51am
Quoting alifari
AUDNZD M15 SUPPLY ZONE Trade Result +1.75R (Initial SL was 1.0655 and later on moved to breakeven) {image}
shouldn't you target (FLS) be the first area of previous supply?

http://screencast.com/t/U3AlbDvl2o
  • #583
  • Dec 16, 2014 4:04am Dec 16, 2014 4:04am
Quoting airmac
{quote} shouldn't you target (FLS) be the first area of previous supply? http://screencast.com/t/U3AlbDvl2o
Yes, that is where I would have taken profit or tighten SL under usual circumstances, but I hung on to it due to higher time frame bias and the last momentum move from M15 supply zone suggested deeper rejection from the zone.
The purpose of knowledge is action, not knowledge
  • #584
  • Dec 16, 2014 12:01pm Dec 16, 2014 12:01pm
EURUSD M15 SR FTB short @ 1.2450, SL 1.2459, TP 1.2425

Trade Result -1R
Attached Image (click to enlarge)
Click to Enlarge Name: 85-EURUSDM15.png Size: 36 KB
The purpose of knowledge is action, not knowledge
  • #585
  • Dec 16, 2014 12:04pm Dec 16, 2014 12:04pm
Chart example: GBPCHF M30 FTB DEMAND ZONE @ 1.5093 & SUPPLY ZONE @ 1.5121

Didn't take it, but good for record purpose, we did get a nice rejection from the demand zone.
Attached Image (click to enlarge)
Click to Enlarge Name: 86-GBPCHFM30.png Size: 49 KB
The purpose of knowledge is action, not knowledge
  • #586
  • Dec 16, 2014 12:09pm Dec 16, 2014 12:09pm
AUDUSD M30 SUPPLY ZONE + SR level @ 0.8259

Trade Result -1R
Attached Image (click to enlarge)
Click to Enlarge Name: 88-AUDUSDM30.png Size: 52 KB
The purpose of knowledge is action, not knowledge
  • #587
  • Dec 16, 2014 12:13pm Dec 16, 2014 12:13pm
Gold H4 SWAP ZONE - ENTRY REFINED ON M5 CHART

Trade Result -1R
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 87-XAUUSDH4.png Size: 44 KB
Click to Enlarge Name: 89-XAUUSDM5.png Size: 47 KB
The purpose of knowledge is action, not knowledge
  • #588
  • Dec 16, 2014 12:16pm Dec 16, 2014 12:16pm
USDJPY M5 SR FTB sell limit order 116.40, SL 116.62, TP 116.00. Manually closed at 116.05 after price failed to hit actual TP.

Trade Result +1.59R
Attached Image (click to enlarge)
Click to Enlarge Name: 91-USDJPYM5.png Size: 24 KB
The purpose of knowledge is action, not knowledge
  • #589
  • Dec 16, 2014 12:17pm Dec 16, 2014 12:17pm
Another good M5 SR FTB level on GBPUSD, didn't take it but good for example.
Attached Image (click to enlarge)
Click to Enlarge Name: 4-GBPUSDM5.png Size: 41 KB
The purpose of knowledge is action, not knowledge
  • #590
  • Dec 16, 2014 12:19pm Dec 16, 2014 12:19pm
EURUSD sell market order based on M15/M5 PA @ 1.2526, SL 1.2537, TP 1.2501. Manually closed @ 1.2511. Entry was based on rejection from M15 SR level, plus M5 bearish bar

Trade Result +1.36R
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 5a-EURUSDM15.png Size: 41 KB
Click to Enlarge Name: 5-EURUSDM5.png Size: 42 KB
The purpose of knowledge is action, not knowledge
  • #591
  • Dec 16, 2014 12:23pm Dec 16, 2014 12:23pm
AUDJPY M15 SR FTB Short @ 95.83, SL 96.00, TP 95.52. Later on SL moved to 95.93 @ top of the rejection bar.

Trade Result -0.59R
Attached Image (click to enlarge)
Click to Enlarge Name: 6-AUDJPYM5.png Size: 47 KB
The purpose of knowledge is action, not knowledge
  • #592
  • Dec 16, 2014 12:26pm Dec 16, 2014 12:26pm
Chart Example: NZDUSD M5 SR Level and PA trade, good opportunity to sell after rejection and bearish bar.
Attached Image (click to enlarge)
Click to Enlarge Name: 7-NZDUSDM5.png Size: 41 KB
The purpose of knowledge is action, not knowledge
  • #593
  • Dec 16, 2014 12:28pm Dec 16, 2014 12:28pm
USDCAD Sell limit order @ 116.31, SL 116.41, TP 116.11 - M15 SUPPLY ZONE AND INSTANT RETEST ENTRY

Trade Result -1R
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 92-USDCADM15.png Size: 48 KB
Click to Enlarge Name: 92-USDCADM5.png Size: 47 KB
The purpose of knowledge is action, not knowledge
  • #594
  • Dec 16, 2014 1:50pm Dec 16, 2014 1:50pm
hi, Ali, just back from a trip,

just a quick post

i found some of your losses are from the unconfirmed setups. and among these unconfirmed setups, this one is sort of typical. you are betting that price will reverse at the FIRST zone of stacked zones, for which is very often not what actually happened. Waiting for some confirmation price action might be worthy.

edited: btw, your eurusd sell 1.36R is a setup with leading confirmation PA.

there is no wrong or right, all are our subjective decisions. i'm only sharing my angle of view.


Quoting alifari
AUDUSD M30 SUPPLY ZONE + SR level @ 0.8259 Trade Result -1R {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Ali-AUDUSDM30.png Size: 39 KB
  • #595
  • Dec 16, 2014 2:06pm Dec 16, 2014 2:06pm
Quoting alifari
{quote} Yes, that is where I would have taken profit or tighten SL under usual circumstances, but I hung on to it due to higher time frame bias and the last momentum move from M15 supply zone suggested deeper rejection from the zone.
thanks, makes sense
  • #596
  • Dec 16, 2014 2:17pm Dec 16, 2014 2:17pm
Quoting charvo
hi, Ali, just back from a trip, just a quick post i found some of your losses are from the unconfirmed setups. and among these unconfirmed setups, this one is sort of typical. you are betting that price will reverse at the FIRST zone of stacked zones, for which is very often not what actually happened. Waiting for some confirmation price action might be worthy. edited: btw, your eurusd sell 1.36R is a setup with leading confirmation PA. there is no wrong or right, all are our subjective decisions. i'm only sharing my angle of view. {quote} {image}...
charvo what exactly "Waiting for some confirmation price action" means?
  • #597
  • Dec 16, 2014 2:31pm Dec 16, 2014 2:31pm
to start with, you see in my chart, there are two red turns. those turns are confirmation PA.

Quoting airmac
{quote} charvo what exactly "Waiting for some confirmation price action" means?
  • #598
  • Dec 17, 2014 3:54am Dec 17, 2014 3:54am
Quoting charvo
hi, Ali, just back from a trip, just a quick post i found some of your losses are from the unconfirmed setups. and among these unconfirmed setups, this one is sort of typical. you are betting that price will reverse at the FIRST zone of stacked zones, for which is very often not what actually happened. Waiting for some confirmation price action might be worthy. edited: btw, your eurusd sell 1.36R is a setup with leading confirmation PA. there is no wrong or right, all are our subjective decisions. i'm only sharing my angle of view. {quote} {image}...
There were other reasons beside M30 supply zone. The zone has history of SR plus it's a QM level too and the way price dropped from this zone last time hint that some order flow would be there, when price revisit it. My entry was 0.8258, TP 0.8236 & SL 0.8270 (1.83R potential).

There was a reaction at 0.82565 which missed my entry by 1.5 pips and price went to 0.8240 pretty close to my take profit, so the trade logic pretty much worked out, just my entry level was little off. I usually cancel order after the price miss my entry level and gets rejected, but wasn't watching trade live as it unfold.

Moreover, if a supply/demand or support/resistance looks good, I don't wait for confirmation cause I think that effect my risk to reward ratio in long term.
Attached Image (click to enlarge)
Click to Enlarge Name: audusdm30.jpg Size: 229 KB
The purpose of knowledge is action, not knowledge
  • #599
  • Dec 17, 2014 5:49am Dec 17, 2014 5:49am
Hi airmac,

As requested, I am attaching ADR indicator here for download.
Attached File(s)
File Type: mq4 Daily Range PeterE.mq4   2 KB | 247 downloads
File Type: ex4 Daily Range PeterE.ex4   5 KB | 220 downloads
The purpose of knowledge is action, not knowledge
  • #600
  • Dec 17, 2014 6:34am Dec 17, 2014 6:34am
Quoting alifari
Hi airmac, As requested, I am attaching ADR indicator here for download. {file} {file}
thank you ali
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