Hey everyone, this thread has been ENORMOUSLY helpful to my trading, everyone is very generous with their findings, however, I’ve read the WHOLE chat here, and was wondering if anyone can help me with the definition of ‘fresh level’. If I see price approaching a supply level on a 30 min TF, and it seems ‘fresh’, how do i know that this level isn’t the 2nd touch, from 2 months back? When does a ‘touch’ expire and reset? Is this level ‘done’?
I hope this makes sense, Ive not really explained myself very well. I tend to overthink stuff. This would be very helpful to know if I’m looking at a level I should stay away from or this is, indeed classed as a ‘fresh’ level…??
MANY thanks in advance
I started this thread years ago and was just focused on s/d and i dont say its bad no the opposite is true its great …
but with time i developed myself which is just naturaly and part of the game and i tend to use s/d now mostly only as a confirmation factor and iam not only focused on it anymore (its still a piece of the puzzle but not my only tool )
You can trade s/d purly on its own for sure but i prefer to do a combination with other tools like trendlines and patterns etc.
anyway nice that you can profit from it and i hope it will go on like this or gets even better
If i understood your question right you want to know ho to identify a fresh or new s/d level right ?!
First i would advice to stay in the timeframe where your fresh zone was formed and dont switch in smaller oder larger tf
And to see if its a new or fresh zone just scroll to the left and check for another s/d level and if the latest s/d is a touch of the older one … while writing here i recohnize i didnt get your question 100% right heheh …anyway i will post 2 pics maybe they help if not just explain your question again .
Trueman23, You’re a gent! Thanks for getting back to me- I thought this thread might have died hehe. Thats very helpful.
So what you’re saying is when the support/Demand zone has been broken, it then makes it invalid and then as a result, resets?
Now I need to master ACTUALLY spotting the zones. I am having difficulty in identifying a zone as a lot of the ones i chose are merely consolidation and price NEVER return to the zone again. Any advise you could point me in the direction of would be really greatly appreciated.
Thanks again in getting back to me buddy.
Hope you’re not to snowed under, here in the UK, we’re just getting back onto our feet again after many of us being snowed in!
Jay
“So what you’re saying is when the support/Demand zone has been broken, it then makes it invalid and then as a result, resets?”
For me a broken zone is invalid …there is the possibility that it will used from the other side and gets retested but if a demand zone is broken its invalid as demand zone
“Now I need to master ACTUALLY spotting the zones. I am having difficulty in identifying a zone as a lot of the ones i chose are merely consolidation and price NEVER return to the zone again”
For identifng i can just say the best zones for me are the one with a high momentum bar …small sideway move 2-3-4 candles and then booom big big momentum candle …and price will not return back everytime …just move on and spot the next zone instead of waiting month for price to come back
Hehe yes we were snowed under but from one day on the other we came from -9°C to 12°C and everthing is ice free again …
P.S: here is a little blog post about s/d from me …i now use it as a piece of a puzzle and as a confirmation tool beside others … feel free to check it out
That’s super kind helping me to clear that up. I’m taking your help and integrating it into my trading buddy. Sorry its been a while for me to get back to you. Can’t thank you enough.
was here long time ago and some how i revisited today to just have a look at the forum again
Just want to say that If some of u interested in trading with the methology in this thread or some similliar stuff (actualy you never stop learning and you are improving your methods all the time ) or you looking for a small trading group to join you can hit me up here , on twitter or at a FF and i can invite you to my discord group ( its a private free group)
Its always nice to have some people around with the same passion on mind
maybe we see soon
have a great weekend and a great time all
Cheers
Trueman23
and some how i revisited today to just have a look at the forum again