Disliked{quote} Fair point. No, not to form a zone but to form a base. Minimum 1 maximum 6. Must leave with a maximum of 2 extended candles (long candles) finally we also have to see after how long the price return to the base. To describe a high quality zone, these are the 3 Odd enhancers. ☺. If interested i can share with you how to find trends using the 2 zones violation method.Ignored
Supply and Demand trading with Fibs
- #1,822
- May 23, 2017 1:52am May 23, 2017 1:52am
{quote} Fair point. No, not to form a zone but to form a base. Minimum 1 maximum 6. Must leave with a maximum of 2 extended candles (long candles) finally we also have to see after how long the price return to the base. To describe a high quality zone, these are the 3 Odd enhancers. ☺. If interested i can share with you how to find trends using the 2 zones violation method.
- #1,823
- May 23, 2017 2:30am May 23, 2017 2:30am
- | Joined Sep 2014 | Status: Trader | 1,138 Posts
{quote} Of course! No harm to understand and learn more from one another!
.ok. Depending on the timeframe you trade. For me i look at daily for trend. 1hr for my trade set up and 15 mins for triggering of the trade. Coming back to the original topic.
we have to find 2 zones which were violated. We start with the last candle and work our way to the left. We go candle by candle until we find a zone and see if its violated. Remember for this purpose we dont need class A zones, even week zones are to be considered. So you found a drop base drop zone violated that means trend is up. But you need 2 zones. You found another zone rally base drop violated. Uptrend confirms. Similarly 2 violated demand zone means downtrend.
- #1,824
- May 23, 2017 2:32am May 23, 2017 2:32am
- | Joined Sep 2014 | Status: Trader | 1,138 Posts
{quote} Grreat spirit
- #1,825
- May 23, 2017 2:35am May 23, 2017 2:35am
- | Joined Sep 2014 | Status: Trader | 1,138 Posts
{quote} ready to learn
- #1,827
- May 23, 2017 4:28am May 23, 2017 4:28am
- | Joined Sep 2014 | Status: Trader | 1,138 Posts
{quote} From your explanation, I don't quite get it on how to trade. I think I need to see it from a chart perspective. Do you mind doing it on GBPCAD H1 TF for me to see? I'm trading H1 TF only. Thank you NMZee!
- #1,832
- May 24, 2017 4:53am May 24, 2017 4:53am
- | Joined Sep 2014 | Status: Trader | 1,138 Posts
{quote} Is this what you mean? Sideway for USDJPY {image}
lets consider the last red candle as candle 1 and work our way backwards candle 10,9,8,7 forms a rally base drop which is SZ violation means uptrend.
now going further back on the left side we have candle 20,19,18,17 forming rally base rally a DZ and violation means downtrend. Hence sideways .
Although one might argue after yesterday's risk on scenario. This might have changed on smaller tf. Or may be not. Why dont you have a go at it
- #1,833
- May 24, 2017 4:55am May 24, 2017 4:55am
- | Joined Sep 2014 | Status: Trader | 1,138 Posts
{quote} Sorry for the delay response . Ok lets work this out. lets consider the last red candle as candleHence sideways . Although one might argue after yesterday's risk on scenario. This might have changed on smaller tf. Or may be not. Why dont you have a go at it
second zone 21,20,19, 18.
- #1,835
- May 24, 2017 1:06pm May 24, 2017 1:06pm
{quote} Sorry for the delay response . Ok lets work this out. lets consider the last red candle as candle 1 and work our way backwards candle 10,9,8,7 forms a rally base drop which is SZ violation means uptrend. now going further back on the left side we have candle 20,19,18,17 forming rally base rally a DZ and violation means downtrend. Hence sideways . Although one might argue after yesterday's risk on scenario. This might have changed on smaller tf. Or may be not. Why dont you have a go at it
Cheers,
- #1,837
- May 24, 2017 6:37pm May 24, 2017 6:37pm
- Joined Jan 2011 | Status: Senior Member - Pro FX Trader | 2,736 Posts
Hi guys, Yes I am still alive and here. As mentioned earlier a family member died recently, and it is his funeral tomorrow, so I have been very busy regarding such matter so I apologise for my lack of input recently. After the funeral once all is done and I can let go and allow him to finally rest in peace, I can come back all guns blazing into this thread 
In the meantime, I thank each and every one of you who have been posting charts and been making an input to this thread to keep it alive, as you know I believe it deserves activity as such trading produces profitable results once mastered, by not quitting, sticking at it, getting rid of crap indicators, you can trade with the flow of money rather than against it.
In the meantime, I thank each and every one of you who have been posting charts and been making an input to this thread to keep it alive, as you know I believe it deserves activity as such trading produces profitable results once mastered, by not quitting, sticking at it, getting rid of crap indicators, you can trade with the flow of money rather than against it.
- #1,839
- May 24, 2017 8:53pm May 24, 2017 8:53pm
- Joined Jan 2011 | Status: Senior Member - Pro FX Trader | 2,736 Posts