Tuesday 30 June 2015

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)

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