here is us oil chart i just watched and analysed…1h demand was perfectly hit
this kind of set up is shows up some pretty good odds to gain some pips
very nice demand was created …
(a good move to the downside + small sideway move+ nice bullish candles)
after price reached this zone again we have a very good risk reward …
next time i spot similiar set up i will take it
take a look
Are you S&D guys concerned about the uk/euro news flow when looking at your charts. I see some will keep putting out there ideas based on technicals regardless of this. Maybe that’s the right thing to do. What do you think ?
My general rule is to stay away from entering a trade if there is a High Importance news coming out. But irrespective of the news, we still try to do our analysis and see how it plays out, but wouldn’t enter a live trade.
i will have a look at eurgbp…i realy dont want to trade gbp pairs at the moment but in the case i see nice reversal candles i maybe will go short…not sure…
I’m liking how clean your charts are Trueman! But how are you setting your targets? On the US 30 you are planning to go short once price hits supply. But you aren’t setting your targets at the demand zones so how are you picking them?
I was following this thread when I was first learning S&D. I haven’t kept up with it but I enjoyed the thread. Thanks for bringing it back up, I want to keep reading through it.