SUPPLY & DEMAND!!!

[Mr. Hyde]

Half a position at demand. Add a half at the break of the trendline/double bottom neckline.

Took my 1 R and going home

[Mr. Hyde]

Operating above my pay level. But lets see. Demand zone taken out. Supply is in control. Short???

Drop down a level. Pinbar in a supply zone inside a supply zone.

[Mr. Hyde]

Operating above my pay level. But lets see. Demand zone taken out. Supply is in control. Short???

Drop down a level. Pinbar in a supply zone inside a supply zone.

To say that didnt work would be an understatement. See why i said i was operating above my pay grade. Stick with what makes you money. I know i cant trade with my gut or by instincts. I get slaughtered.

[Mr. Hyde]

4hr you have a QM pattern rejected out of supply that we marked and shorted eariler in the week. So we have a break of structure (BOS) and price respecting supply levels. 1hr you have a nice supply level that lines up with the left shoulder. 5m we have, oh s**t, whats that called, uh i know this one.

audusd-h4-hugo-s-way.pngaudusd-h1-hugo-s-way.pngaudusd-m5-hugo-s-way.png

Could be a loser. Or it could be a 8 to 1 winner. All i know is that it meets all my requirements for a trade and has confluence on confluence. Doesnt matter if it wins or loses. Only matters that i plan my trade and trade my plan. Let the chips fall where they fall.

Its a loser. But it doesnt mean we are done. Still in our kill box.

[Mr. Hyde]

Also another thing to keep in mind. That technically the stop for a QM pattern is above the head. So if trading a 4h QM price can move past the left shoulder extreme, even if there is a LTF entry. So just cause you take a loss on your LTF trade dosent mean the zone isnt valid anymore.

[Mr. Hyde]

Couple pairs in play. Lets see if anything plays out. You know the drill. HTF level. LTF entry. Lets get it.

[Mr. Hyde]

Just sitting here in the office, reading pro's thread looking for little nuggets of knowledge. I'm so happy to say that. That man can scalp with the best of them.

Not 100% sure what his methods are. But using what i think they are for mentally entries, incase a QM pattern doesnt show or a quick scalp while it is forming.

[Mr. Hyde]

Zone on top on zone. QM zone hasnt been touched yet. If you dindnt have a limit order at the top zone, price could bounce here at demand and run up to the untouched QM zone and then turn lower.

Yeah. sometimes its just cool calling price action. Never gets old.

[Mr. Hyde]

A whole lot of confluence for a long

Potentially 3 differnt trades you could have taken. 1.4400 would be a nice target. Even 1.4500

[Mr. Hyde]

Lots of trades lining up. Might just put trades on and take whatever profit is offered. Not holding over the weekend.