Supply and Demand with Momo
Moderator: moderators
-
- rank: 150+ posts
- Posts: 225
- Joined: Fri Jan 29, 2010 11:13 am
- Reputation: 0
- Gender:
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
-
- rank: 150+ posts
- Posts: 225
- Joined: Fri Jan 29, 2010 11:13 am
- Reputation: 0
- Gender:
A few more trades to post here.
The first one was a short on the EURNZD. I have never traded this before but I saw the supply level after reading Withnails log and it looked ripe for the shorting. I saw my setup so took it.
I also shorted GU.
USDX level was key. Noting where price is on the USDX adds confluence, which I like.
EN
D1
H4
H1
15m
GU
D1
H4
H1
30m
15m
USDX
The first one was a short on the EURNZD. I have never traded this before but I saw the supply level after reading Withnails log and it looked ripe for the shorting. I saw my setup so took it.
I also shorted GU.
USDX level was key. Noting where price is on the USDX adds confluence, which I like.
EN
D1
H4
H1
15m
GU
D1
H4
H1
30m
15m
USDX
Hi Pro-trader and withnails
looking at your post you seem to have good grasp of 50%. Im trying to get grips with the concept with 50%. Wondering if you be kind enough to have look at post i put on my log thread here is the link to it:-
Maybe offer some advice that i can start exploring this concept
Thanks in advance
BB
link to my post:-
http://kreslik.com/forums/viewtopic.php?p=62718#62718
looking at your post you seem to have good grasp of 50%. Im trying to get grips with the concept with 50%. Wondering if you be kind enough to have look at post i put on my log thread here is the link to it:-
Maybe offer some advice that i can start exploring this concept
Thanks in advance
BB
link to my post:-
http://kreslik.com/forums/viewtopic.php?p=62718#62718
There are two forces acting upon us: Suffering pushes us forward from behind and pleasures entice us and pull us forward.
-
- rank: 150+ posts
- Posts: 225
- Joined: Fri Jan 29, 2010 11:13 am
- Reputation: 0
- Gender:
Hey all
My trading has changed slightly. I'm still trading supply and demand with momo, just in a different way. Trading off SR levels too.
I was reading Ajaymeins thread again and a few things stuck out for me that I didn't before.
This comment below mainly:
"It just goes from level to level... once levels start getting engulfed and opposing levels are respected simultaneously, you know which direction to trade in.
Another way to put it is once momo bars and ZLs get engulfed and fresh ones are made in the opposite direction, that is which direction to trade in."
http://kreslik.com/forums/viewtopic.php ... &start=240[highlight=red]
The trades which follow are based on my understanding of this along with my existing knowledge of supply and demand
My trading has changed slightly. I'm still trading supply and demand with momo, just in a different way. Trading off SR levels too.
I was reading Ajaymeins thread again and a few things stuck out for me that I didn't before.
This comment below mainly:
"It just goes from level to level... once levels start getting engulfed and opposing levels are respected simultaneously, you know which direction to trade in.
Another way to put it is once momo bars and ZLs get engulfed and fresh ones are made in the opposite direction, that is which direction to trade in."
http://kreslik.com/forums/viewtopic.php ... &start=240[highlight=red]
The trades which follow are based on my understanding of this along with my existing knowledge of supply and demand
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.
-
- rank: 150+ posts
- Posts: 225
- Joined: Fri Jan 29, 2010 11:13 am
- Reputation: 0
- Gender:
-
- rank: 150+ posts
- Posts: 225
- Joined: Fri Jan 29, 2010 11:13 am
- Reputation: 0
- Gender:
-
- rank: 150+ posts
- Posts: 225
- Joined: Fri Jan 29, 2010 11:13 am
- Reputation: 0
- Gender:
-
- rank: 150+ posts
- Posts: 225
- Joined: Fri Jan 29, 2010 11:13 am
- Reputation: 0
- Gender:
-
- rank: 150+ posts
- Posts: 225
- Joined: Fri Jan 29, 2010 11:13 am
- Reputation: 0
- Gender:
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.