from my point of view this should be a area we are looking for…lets see how it plays out…i have marked it the same way in my chart…but remember iam no Pro…i discovered the whole S&D style 2 weeks ago
so we are nearly on the same level
@hibra 68
you are absolutly right …in maryos first post he also wrote something about harmonic patern…
but we need a starting point … i guess we can spot S&D zones and than maybe watch for patern which forms in this area and gives us a good entry…
But this is absolutly what i want to see in this thread the knowledge of many people helping each other giving some kind of advice etc…
and no worry about smashing my bubble you just opend my eyes a little bit more …
This is a member only s/d site. I am contemplating joining. The s/d theory intrigues me as I would like to find out if it is really this accurate or is it mayro.
There are also indicators you can use but I have found they repaint plus I think this group wants to learn.
[QUOTE=“TC Holland;743493”] Thanks eddieb The method here looks very much like trading from S&R for a ranging pair, where others may look for a breakout setup for a trend[/QUOTE] this is an example of this strategy TC Holland
I have an order placed for this demand zone as well. Be aware, however that there is a Bank of Canada rate decision Wednesday. As such, I will likely postpone my order until a few hours after the announcement.
yes iam also very interested in how set & forget works
and here are an Eur/USD example ( screenshot from yesterday)
Yellow arow shows the “zone” and blue arow shows the entrys…
but iam not pretty sure about the demand zone…just check it out
GBPNZD 4hr chart it’s a volatile pair so I think I will just watch and see but I’m hoping for it to bounce between the the red (stop loss) and blue (entry) lines and then head south towards take profit 1 & 2 (green)
Any thoughts?
Great job @Trueman! I was in the exact same trade too.
I had also entered NZDCHF and EURNZD based on the bouncing zone strategy @Trueman had posted
And also entered in the NZDUSD based on the strategy @Micallef78 had posted yesterday from Sam Seiden’s video. There was also an obvious pinbar in this set up which made my decision to get in the trade more easy.
TP1 and TP 2 of all 3 trades listed above were hit. More than 600 pips in a day. All I hope now is to replicate the same performance on my Live account.
ok this trade was only for watching …good for us that we were not in it…i think its maybe better to take trades on the extrem points from a chart…
now there could be a short possibility soon
