How long have you been using TL as the source of entry ? Well, I might have the problem, to entry at the 1st swing. I am not very sure which supply and demand I need to make limit order .
How long have you been using TL as the source of entry ?
Ignored
I started using TLs for analysis and entries even before I found S&D trading. Like I said in the opening post of this journal, for some reason I've always been comfortable with the use of TLs because I find the principle/idea behind it to be very logical- markets will move in a trend almost all of the time, and trend will most likely continue then end.
Well, I might have the problem, to entry at the 1st swing. I am not very sure which supply and demand I need to make limit order .
Ignored
I see from your thread that you use an S&D indicator/template similar to the one used on Alfonso Moreno's "Supply and Demand in a nutshell" thread here on Forexfactory. Are you using his S&D/trendline based rule to trade? His rules are very detailed. Though I myself do not apply those rules in every detail to my trading, there are few of them I always apply because I think they are key to trading S&D.
1.A Supply/Demand zone is valid when and only when it has taken out, engulfed, broken through an opposing Supply/Demand zone.
In my own case, I love the rally-base-drop/drop-base-rally type of zones. Hence my zones will always be at new swing high/lows.
2.Use the last 2 (or more) obvious swing high/lows in order to draw your trendline.
Again, in my own case, it is a rule that the swing high/low is a valid S/D zone -meaning that it should have taken out an opposing swing high/low before price makes it return. So often I might be entering when price returns back to meet the S/D zone in the second swing.
Again, I apologize for taking this long a time to reply.
