How to be a MOnster

[Leoheart]

I wouldn't say that any level was stronger than the other but at the same time, I don't know if I could consider them random either.

My decisions would be taken based on the local Supply + Demand information, so I normally wouldn't play just the line. Having said that, on the m1 set ups I am running just now, all I am using on top of pa is a trend direction.

Tempering THAT however, is the fact that as I am going in hot-and-heavy and can be done in one trade, I don't need much more on top of that. Using S+D from the higher tf instead, will inform my base entry criteria.

Hope that doesn't sound like I am contradicting myself too much on that.

Mmm I'm trying to get an idea lol
So you are not using (not actively) the HH/LL information to trade?
The HTF SD gives you the bias and then you trade with size the M1, am I grasping it?

Pretty much, yep. Directional bias needs to be established first.

PA can contradict that bias and still be effective, however if it runs in the direction of the bias, it's likely that it will bring a bigger bag than the same PA going against the bias.

What type of SD do you use for DB? Fresh or previous. Chart would help. Are you trading to SD or away from SD? Thanks Lem.

[LeMercenaire]

Mmm I'm trying to get an idea lol
So you are not using (not actively) the HH/LL information to trade?
The HTF SD gives you the bias and then you trade with size the M1, am I grasping it?

Pretty much, yep. Directional bias needs to be established first.

PA can contradict that bias and still be effective, however if it runs in the direction of the bias, it's likely that it will bring a bigger bag than the same PA going against the bias.

What type of SD do you use for DB? Fresh or previous. Chart would help. Are you trading to SD or away from SD? Thanks Lem.

Higher timeframes I'll consider anything that price is approaching. Lower, as in down where I will be fine-tuning entries, I look for fresh as the morning dew.

Institutions trade toward S+D. In a weird way, I do both, as I like to trade between two zones, so I will take price as it travels from one to the other and back again.

[Mira]

USDCADH4.png (36.27 KiB) Viewed 3185 times

[Mira]

:idea:

USDCADH4.png

USOil price is in a demand area, we touched supply on USDCAD, price looks exhausted (failed to close higher several times) and all the Multi Meter is turning red.

The target matches with demand, breakouts and the 50% of the bullish move.


Let's see

[LeMercenaire]

:idea:

USDCADH4.png

USOil price is in a demand area, we touched supply on USDCAD, price looks exhausted (failed to close higher several times) and all the Multi Meter is turning red.

The target matches with demand, breakouts and the 50% of the bullish move.


Let's see

Thanks for the heads-up. I've been riding The DAX all day and seen nothing else, so will go add Crude to the watch-list.

[Mira]

:idea:

USDCADH4.png

USOil price is in a demand area, we touched supply on USDCAD, price looks exhausted (failed to close higher several times) and all the Multi Meter is turning red.

The target matches with demand, breakouts and the 50% of the bullish move.


Let's see

Thanks for the heads-up. I've been riding The DAX all day and seen nothing else, so will go add Crude to the watch-list.

Sadly i can't trade Crude because the smallest position allowed is 1 standard and my account is still a baby
However i can trade CAD.. then i'm not an expert in correlations.

[Mira]

:idea:

USDCADH4.png

It worked out
I need to go back to HTF charts, it’s a way more relaxed.

B470FB0E-828D-4B62-A77B-77163B6B0E71.png (71.15 KiB) Viewed 3148 times

[Mira]

LOL

117873B7-B87B-41E6-AD82-F408108E46E8.jpeg (145.03 KiB) Viewed 3126 times

[Mr. D]

Here is another one.

[aliassmith]

:idea:

USDCADH4.png

It worked out
I need to go back to HTF charts, it’s a way more relaxed.

B470FB0E-828D-4B62-A77B-77163B6B0E71.png

If you are not relaxed then you might be risking too much per trade.