Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

naer889

Members
  • Content Count

    3
  • Joined

  • Last visited

Posts posted by naer889


  1. Just my 3 Cents. I don't trade 30m charts (only D1, W1, M1) to find out where the price is heading. On the 30m thre are too many levels, too confusing and not significant unless in confluence with a level on at least a daily but much better a weekly or monthly chart. It's easy, go to M1, W1 charts and draw the major levels and then work your way down to the daily. As those levels are more significant and don't change frequently you really don't need an Indicator. When I draw the levels I change to a line chart as it makes it much easier to spot those. The only additional thing I do is to look for fresh levels of Demand Supply as I go along.

    To spot those of course you need a candle stick or Bar chart if you like that better. Again, this is the way I trade. Nothing spectacular but it works fabulously. Trading is quite simple, it's usually us who make it complicated.

     

    This is exactly what I'm doing, trying to trade the Major TFs as benefits are greater than those made on Minor TFs. The thing is, my learning curve was positively influenced by trading on 30", but I haven't got a chance to replicate this trading style into a D/W/M basis, as it has been difficult for me to clearly identify demand or supply areas/levels. Due to this, I found myself comfortable by trading these areas only if they become areas of potential rejection after imbalances, and that's the reason I'm looking forward to an indicator that helps me tracing these levels in which price could react.

     

    Thanks for your advice, I'll keep following you guys.

     

    (Sorry if my english isn't the best)


  2. No, no indicators and no S/R in the usual sense. The purpose of the thread is to implement the SLA trading plan (see the first post). You may want to open up a journal here if you want to pursue it. However, if you attempt to implement the plan and use indicators at the same time, they will be at cross-purposes with each other and you most likely be unsuccessful.

     

     

    Ok perfect. I went through the first lines and seems to be very interesting, I'll keep reading through the weekend.


  3. Note: The posts in this thread are not necessarily disruptive or negative. Rather they are more often written by people who have not yet read the material, have not read the thread, or don't know what forum they're in. Therefore they are simply beside the point, the point being to focus on the material and put it to work.

     

    Db

    ------------------------------------------------------------------------------------------------------------------------

     

    Very interesting documents.

     

    I'm basing my trading on balance/imbalance, prefering those areas in which suppourt becomes resistance and viceversa.

     

    Do you know any indicator that traces these role changes?

     

    Thanks a lot for your help, I hope to contribute a lot in this forum.

    audusdm30.thumb.png.48985a000f07d1f4bb09fb86840198dc.png

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.