300615 Much Better Reads

Again almost all in the title. Today I just followed the instructions I left at the end of yesterday's post and the "power" of the supply and demand levels I chose today were far stronger. I just have to follow those instructions to find decent supply and demand. I repeat them here with a little more info

KIS: Strong Supply/ Demand =

1. Must be at the origin of a turn/change in momentum (a fractal even a cluster of fractals, provided they are at the top or bottom of a move that then reverses direction).

2. Must offer at least 1:3 RRR from the turn/change in momentum (to ensure you can hit a 1:2).

3. If possible you want to see strong momentum on the turn (this shows true supply/demand imbalance).

4. If possible you want your turn in momentum to be untested (this means price will be hitting more orders).

5.  If possible you want your turn in momentum to be near longer term S/D.  (again this means price will be hitting more orders).

6. If possible you want a sharp return to the potential S/D level.  (no "steps" means it's easier for price to reverse back through prior action)

290615 Wasn't Labeling Origin of Move

All in the title really. It amazes me that even 2 days off and I come back with some rust.  There was a big gap down today in many of the EUR crosses that made me feel there must have been supply there. However it was a gap down  from a consolidation, nowhere near the origin of the move down, so of course was not valid at all.



KIS: Strong Supply/ Demand =

1. origin of momentum change

2. strong momentum at change

3. momentum change untested

4. near longer term S/D

5. sharp return to the potential S/D level.

6. move off potential S/D at least 1:3 RRR

260615 Some M30 moves

Prep and update from Friday.  Read definitely improving and some potential trades worked out. Feel like the rust is nearly gone. So will be looking to trade next week, probably on Wednesday to tie in with the new month neatly.

Got to ensure I'm not too stingy on my zones, I would have missed a good trade today by a pip or two because of this.

250615 Prep and Update

More improvement in my reads as I just stick to the trade plan:

1. Get the long term levels from W1 and D1 charts.

2. Get the current levels from H4 and M30 charts.

3. Plan trades between the current levels.

Suppy and demand strengthening factors: look for strong momentum moves/trend bars, this is where hard buying /selling was taking place. Zone in on the origin of these strong momentum moves, if it is a fractal pivot high/low that's great, if a cluster of fractal, ensure you include the extremes to avoid an early stop, even stretch the zone to the next fractal if you can. It's nice for the the level to be "fresh"/untested but this isn't always possible.

240615 Prep on on Multiple Timeframes

Okay a slightly different approach today. Started out on the weekly charts as per usual but instead looked primarily for "primary trades" on the 4 hour chart levels (as my plan says, duh!) and then drilled down to the M30 to look for "secondary trades" /shorter term trades (as my plan says!). This was a much better day in terms of both reading because I got back to what my plan says... why must I constantly try and reinvent the wheel, like I have been since I got back? Ha!

230615 Prep and S&D explanation

My prep from this morning and an update later in the day... Forgot to double check my selected levels on 2 time frames (should have consulted the H4 too). Any way no money risked as still getting my eye in so not the end of the world but always annoying that all this stuff doesn't stay retained unless I'm active.

220615 Prep and Analysis

intro: Just keeping my eye in, hope to be back next week more regularly but may well be 2 weeks realistically, has have to move too.



thoughts: Note I am happy trading older levels, provided the most recent test of them was strong, suggesting there may still well be supply/demand imbalance / unfilled buy/sell orders there.

Fractal Entry Idea

intro: missed a lot of trades today but that was expected due to the DIY-a-thon for the next few weeks.

thoughts: just wanted to record this screen shot below, there were 3 of these setups across the pairs today, this is one one them.  It shows a M15 entry I was talking about in my last video about.

EU trade: Short at H1 Supply

AM video:

Back! (sporadically)

personal: As you may or may not know I got married a month ago.  It seems to have been the longest wedding known to man! My brother and sister in-law stayed with us for 2 weeks after the wedding then we all flew to Canada for a further 2 weeks, where they're from, taking the wedding on tour for those who couldn't make it.
Back now but the major issue is the flat I've been moaning about previously. We need to move in by the end of the month because it's killing us financially, paying rent and mortgage simultaneously. Suffice to say that finding quiet time for trading and/or DIY has been quite difficult recently. So to get back and have a relatively free calender is a godsend. For that reason and to max my DIY time I'm putting my trading efforts to the end of the day/evening so I can get multiple/consecutive hours doing what needs to be done in the flat. As such my posts might be sporadic for this month.

trading: Method is still pretty much the same: Identify longterm levels of supply and demand and trade them on shorter time frames. However my favoured time frames have changed to W1 and H1 to find levels, and the D1 and M15 respectfully to trade from.
The reason for this change is firstly because I noticed that the H4 levels were a little too wide and I was missing good intraday moves. And secondly because they are universal times. Meaning that whatever broker or chart feed you look at (GMT / GMT+2 etc) the bars should look the same, because globally every hour and week finish at the same time.
As far as entries go my coach has told me to start looking for candle setups at levels rather than using limit orders but this might be difficult this month due to the above. I'll endeavour to do as he asks but being at the charts every hour will obviously be difficult. That's pretty much it for now, there's a little more in the video below about trades and levels.

video: update, prep and trade plan for day/week. Not uploading for some reason so just a pic sorry...