Example GBPUSD today. I took a sell on the H1 supply zone as price was in a Daily supply zone
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DislikedHi, Hopefully everybody is doing well. I have been practising for a while and I think I start to understand the method better and better. The hardest part for me is to recognize/determine if a zone really is a usefull zone. Could you guys help me out with the following: Is the yellow daily supply zone really a zone we consider to use and why (not)? Is the purple daily demand zone really a zone we consider to use and why (not)? Are all of the blue ellipses useful zones? If yes, How should I draw them since some of them are larger then the move away....Ignored
Disliked{quote} Hi Skf, good to know that. Do you think it is a valid entry? Or should the entry be closer to the m15 demand zone would be better?Ignored
Disliked{quote} Hi youngzen - if you look back at my post #8928 I took an entry there. My opinion= it was a great spot and I think your chart is perfectly marked. When you ask if the entry should be closer, the exact entry price depends on your personal rules/strategy and risk tolerance. For me, I usually wait for some kind of reactions at the level instead of trying to "catch the knife". In my own experiences, this works better for me and at least I'm following a market reaction. I use a larger stop and smaller lot size. When I entered the buy, I waited...Ignored
DislikedHi, Hopefully everybody is doing well. I have been practising for a while and I think I start to understand the method better and better. The hardest part for me is to recognize/determine if a zone really is a usefull zone. Could you guys help me out with the following: Is the yellow daily supply zone really a zone we consider to use and why (not)? Is the purple daily demand zone really a zone we consider to use and why (not)? Are all of the blue ellipses useful zones? If yes, How should I draw them since some of them are larger then the move away....Ignored