Supply Zone
Forex can be owned and tamed...You must first own and tame yourself!
AUDCAD made higher highs until it stopped/turned/started again in the direction to create new lows. New lows started to form which broke below previous price points that had buyers interested (demand zone).
When my alert went off to signal to me that price had broken below, I set my Sell Limit and used a Stop Loss as well as a Take Profit. Merry Christmas !!! New Year next week.
#EURGBPEURGBP
The pair is moving sideways
The best decision in such cases is to sell from the tops and buy from the bottoms
We attach a sell order at 0.8825
First target to sell at 0.8693
For buying, the best area is at the price of 0.8582
Waiting...US30 - Pretty similar is USOIL, close to the 50% on the D retracement, if price holds at 33285 and gives us LTF bullish confirmation im buying, however if that level breaks ill be looking for sells with end targets back at the DL, but we have imbalances to fill above and the Daily closed strong bullish yesterday so im expecting a small pullback before another push today but lets see!
Let me know your thought!
institution trading method This trade is to show how supply and demand zone play out, where institution will trapped where the retails are, and move back to the zone, to mitigate their positions, before a major move.
$LABP First Supply Test and VolumeCrazy volume on this one relative to it's history and .58 supply test and rejection but stock is still hovering above .4 resistance which is promising for longs.
I'm in at .3 and holding for .7 Target, to trim some along the way.
Real levels: pivot highs & lowsThis is the main method of locating the levels that is used everywhere, it's robust & general. Instead of using the actual volumes we infer volumes from prices, the prices that include all the information about everything, prices that consider all the correlated volume.
I think many may know how to find these levels, these are simply pivot highs & lows (aka PHLs).
But aside of understanding the positioning and clearing, the trick is to choose the right resolution.
Btw, an obvious thing I haven't mentioned before: the levels are located, positioned and cleared on the same resolution. Only this way.
So, about choosing the correct resolution, basically you need the lowest resolution possible where a level origin (a PHL) can be found:
1) Choose a unique color for every resolution, start with the lowest resolution possible, like 1Y chart, mark all the positioned levels there, optionally mark the back levels as well, and maybe non-positioned level as well with a dash line. Now repeat the process on every resolution until you hit your target resolution. So if you decide to stop at 1D chart, you'll need to consider 1Y, 1Q, 1M, 1W and ofc 1D resolutions;
2) Don't forget to periodically check and delete the cleared levels.
To be efficient you need to develop a habit of scrolling through all the resolutions you use when you have a question about what's happening.
Clearing by volume with PHLs happens this way:
1) We consider volume to be uniformly distributed along the bar, so at every price inside each bar there's N volume;
2) Consequently, we can simply count the number of bars during positioning, and add 1 to it (PHL is always one bar by definition);
3) Then we count the number of bars during testing, when this number becomes equal to the number of bars during positioning plus one, the level is considered cleared.
On the chart you see I got (almost xd) all the positioned levels from 1M in red, yellow from 1W and gray from 1D.
Live Long and Prosper
Real levels: pivot volume modesA fully serious disclaimer from the beginning: every analysis based on volumes is very unstable and unreliable on most of the assets, hence this way of locating levels is very specific and should be used with care. It can be used if:
1) you trade an asset that concentrates most of the volume (+80%) of all its "correlees", maybe traded only on one exchange, doesn't have liquid option market and OTC volume is not there. Examples are "standalone" stocks that are not part of any indexes, don't correlate with anything & and traded only on on exchange;
2) you trade all correlees together. Example: you trade both Crude and Brent futures, monitoring several active expiration, not only the front contract. Another example: you trade Gold & monitor the ETFs. Or you trade all the bond futures together (with EU as well).
So, if you trade ES futures looking at volumes, and unless you also monitor SPY, NQ futures, QQQ, all the sector ETFs, individual leading stocks like AMZN & APPL etc etc, all the option markets, darkpools & OTC trades. Unless you trade all of em together (prolly at least 100 assets), you need a reality check in terms of relying on volumes.
Not gonna talk a lot about these PVM levels, but anyways:
1) Instead of bar chart you use a footprint/clusters/whatever you call it, and locate volume modes of every bar;
2) A mode that is lower than the previous one and lower than the next one is a level;
3) A mode that is higher than the previous one and higher than the next one is a level;
4) Positioning happens as explained in "Real levels: positioning and clearing";
5) Clearing by volume happens this way: first you need to check the amount of volume that was built at the level since it's origin till the end of positioning. Second, you monitor how much volume builds at the level during the tests. When second volume exceeds first volume, the level is considered cleared by volume.
Real levels: positioning and clearingFrom where the levels originate & about the proper resolutions we'll discuss later. Soz again for the order xD, but I decided to do that in order to highlight 2 of the most important concepts most people seem to miss for centuries. A level can not be broken, switch direction or suddenly stop working. A level:
1) Can be positioned first as support / resistance;
2) Then it will be cleared.
Positioning
After a level finishes it's formation (it's origin becomes well defined and confirmed), regardless of it's type, at this point of time this level is just a level, it's only a potential support/resistance or supply/demand, whatever you call it. In order to become a confirmed support/resistance, a level must be positioned . In other words, a level becomes supply & demand only after its positioning is over, until that it's only a potential supply/demand.
So:
Price comes back to the not yet positioned level for the first time.
The first bar that touches a level initiates positioning, which ends with the first bar that doesn't touch the level (a free bar).
One free bar above the level means your level just got positioned as supply/support.
One free bar below the level means your level just got positioned as resistance/demand.
A positioned level has two prices: front and back.
If it's a supply level, the front level will be the original level, the back level will be the lowest low of all the bars participated in positioning.
If it's a demand level, the front level will be the original level, the back level will be the highest high of all the bars participated in positioning.
All the pictures show literally the same - positioning of levels as supports/resistances. Dash lines are level themselves, which will become front levels after positioning, dot lines are theirs back levels. Circles are the hypothetical origins of the levels.
Case 1: after completion of the 5th bar the level got positioned as demand, high of the 2nd bar is the back level.
Case 2: after completion of the 3rd bar the level got positioned as supply, low of the 2nd bar is the back level.
Process the other cases yourself just to get a feel.
Clearing
After a level got positioned, later it might be tested or not, regardless, eventually it will be cleared either by:
1) Time. Can be elaborated further, but as an "ok" general rule, when the distance in bars between the level's origin and the current bar is higher than 256 bars, almost surely the level has expired some time ago;
2) Price. When price tests the positioned level deep and touches the back level, or a new free bar forms past the front level. Chances the level got cleared;
3) Volume. Depends on the type of a level, gonna explain later.
In essence, clearing of a level means removing the responsive activity from it: limit orders, MIT orders etc.
USDCAD: QUICK 110+ PIPS LONG OPPORTUNITY?Good time of the days traders,
The chart above is pretty self-explanatory, but let's take a closer look at what's happening there. As we're approaching the last full trading week of the year, USDCAD is visibly stuck in the 1.36-1.37 box. If we zoom in at 1.359, we can see a 0.618 Fib zone coinciding with a support zone of decent relevance. This has caused the current rejection on H4 timeframe. If we were able to approach that zone again with the signs of further reversal, we would easily eye 1.37 zone in that 1:3 RR long trade that can happen by tomorrow.
Either way, as always let's continue observing the price development and act accordingly.
How To Choose High Probability OBHello traders
- In this example, we will explain how to choose a high probability OB for your entry. And what you need to pay attention to.
- If you want to choose a good OB, you must read every detail on the chart and take into account everything you see so that you can determine whether your OB is the high probability or not.
- One of the most important things we need to have with a high probability OB is the present momentum. When we see momentum, we know that the price has the potential to continue in the same direction.
- Here you can see 2 examples. In one example, we have high probability OB, and in the other, low probability OB.
- High probability example:
On the left, we see a high probability example. Momentum is present, and the price is making strong BOS. When the price impulsively breaks through the high, as in this case, we know that the price has a great potential to continue in that direction. In the end, we see a good closing of the candle, the price did not leave a big wick and filled the entire bullish candle. In this situation, we have a high probability OB.
- Low probability example:
On the right side, we see a low probability example. Momentum is not present, and the price makes BOS weak. When the price weakly breaks through the high with wick, we know that the price no longer has momentum and will most likely change direction. We see a low candle close and a large wick which tells us that the price has no momentum. In this situation, we have low probability OB.
If this example helped you better understand low probability and high probability OB, leave a like and follow us for more content like this.
DONT SWIM AGAINST THE CURRENTTHIS IS INSANE - Technically speaking the market in general is in a downtrend. a recession or correction. it should not matter. what is insane is am taking a Long trade on such a downtrend market. As any trading Guru would say " dont swim against the Current " dont trade against the trend. But I did. well I make exceptions. let me explain.
The Long-term(M) is in a downtrend. the price is coming strongly overselling into a fresh DZ. I set my ENTR at 27.xx with STP-LOSS below the DZ; small risk with plenty room for profit to run. my risk to reward ratio adds up. I always calculate my estimates Rs (risk) before I calculate my estimated Rw (Reward)
When price enters the DZ: there are three possible outcomes;
- Trend Reversal - The DZ will hold & trend changes. Big win & small Loss
- Correction - The DZ will hold for sometime, giving small win and small Loss
- Breakthrough - The DZ does not hold at all, giving a small loss; I am OK taking that small loss; it is within my trade plan
What I was looking for was a correction, happy to take this small Long profit in such a downtrend market. to do this type of trade & swim against the current one much be very vigilant; tight STP loss is key.
What I did here, price entered the DZ, the correction began; I covered 1/2 of my position; I took $3 of each share, & let the rest (other 1/2) run; sadly but predictably, the correction lost momentum in a heavily bearish market. I readjusted my STP LOSS to exit trade at breaking even.
long trade in HFCLmake sure you follow your own analysis before taking trade
this is not a recommendation. this is only for education purposes.
I am long from 58.in hfcl
2222 .aramco down Trend ,what's Next ?Hello ladies & gentleman ,According to my analysis I think there is a high probability for a rejection in the areas mentioned ,as we see a bullish divergence,which confirm a bit our analysis,,But it can continue the down movement until the 2nd area.
We will wait the next days for a good confirmation,also to keep the investment more clear.
If you have any suggestions or opinions ,tell me discuss it..
Outlook for the next week DXYDXY is in 4H bearish trend. We expect that trend will stay until reach some turning point whitch didnť happen so far in my eyes. We expect continue structure from supply or liquidity grab.
NZD CHF LONG Hello traders
The impulse for the nzd chf is bullish, and we have a correction pattern, expecting the continuation of the bullish trend until the supply area
Etherium is Bearish the ETH is bearish and there is 3 scenario it might have happened there which i have shown with blue line .
this is not a signal and its just my opinion . base un demand and supply zone . a lil bit wyckoff .
CADJPY 1W Supply & Demand ZonesThe chart shows supply and zones in 1W time frame. It is necessary to take risk aversions, which can push this pare into next demand zone, into consideration
A Quick Short for GBPJPYGBPJPY is looking to mitigated a supply area in near 168.9xx and I expect the priced will react to at least fibo 50.
GBPCAD ANALYSIS Hello traders
There is no buying momentum to continue the upward trend, and the price has reached a strong bid level. We expect sellers to enter aggressively
A SNR ENTRYperfect hook onto one type of trading methodology is the support and resistance. Here price has broken support and filling in it for sellers making it as a resistance.
let's see how it falls.
