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BF, have you thought about exiting a portion on the first WRB and then another portion on the next WRB. Mark (NihabaAshi) goes to a higher timeframe after the first WRB. This allows one to get the most out of the trade.
Currently, I am not moving up a timeframe but still look to scale out in thirds. That would mean 3 profit targets.
I take a portion off as soon as the bar becomes a WRB. As I become more skillful, I know I can wait a bit get a feel for the PRICE ACTION of the bar itself.
As far as what is going on during a WRB or what we can take away from them, I will defer to the master................ |
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Hello,
You guys are very experienced. Could you please help me in understanding the basic concepts.
Price:
Everywhere I read "Price Action". "Price Action in S/R zone". etc
What does exactly it mean? Could anyone exaplain me with example?
Supply/Demand:
When I see a S/R zone being penetrated with high volume (not ultra high), then how to judge whether it is really a demand coming or supply coming?
sds.