I think you will always have noise on the M1. Only hope could be move to greater TF and watch for M and W installations to appear. My two cents! Wish I could follow my own rules!
I think you will always have noise on the M1. Only hope could be move to greater TF and watch for M and W installations to appear. My two cents! Wish I could follow my own rules!
S/R zones and other are fundamental to my trading system. However, you have better results with S/R zones in the daily or weekly time frames than the reduced time frames. You look for price action in the zones and see depending on the candlesticks printed. A confluence of factors round the S/R zone is likely to provide a positive entry.
Trade safe and prosper.
KP
M1 is simply sound.
I also use both and I agree with using the timeframes for reliability.
The time period is not my concern although I may exchange M15 or even M5, that's not a issue.
There is a lot of sound on M1...
Have a guess what TF that's?
Rather than touch-trade, if a trader transactions PA on the evaluation of these zones instead, the above query becomes a non-sequitur.Originally Posted by ;
In terms of exactly what those PAs look like, I have the feeling that someone would be hard pressed these days to loe any trader onforexforum.co.zakeen to discuss details.
I am willing to hear and to learn
I always find Simon digging also need to throw my tuppence in for a certain reason.
Primarily, 99% of traders who find Supply/Demand wind up quitting and search for a different system after the initial honeymoon period.
Second, there are several ways to skin a . It's possible to trade zones, either with or without PA, reversals, continuations, all across a huge array of time-frames and pairs. Should you throw in M1 you're looking a recipe to get more than trading, eye strain, trigger fingers and much more importantly loss of view of where price is going and why.
My humble advice would be to drop M1. All the quality M1 zones are visible on M5, but that isn't enough. You need a timeframe reference to understand where price is heading and then zones to avoid, when to scalp and if to run.
It's going to take some time and probably years until it clicks into place. You are going to want display through all environments such as news, ranging or trending periods while always optimizing your own method. You'll need learn where pools of bandwidth sit on a chart, where stops get run over usually above and under swing points.
PA is very optional. It's something you need to know yourself based upon your experience.
I have been a pure supply and demand trader, having great results for the past few months. It's going well but that I have bad days that may cost me the previous 2-3 weeks of profit. I could blame it on poor risk management or feelings, but I need to blame it on my winrate this moment. Consistency and my profits speak for itself, although I've never calculated .
I gave it a thought on how best to remove these terrible days and to boost my win rate and this is by incorporating support and resistance on top of my own SD zones. I was never a huge fan of these, but following backtesting and forward testing, I can tell that I hit more winning transactions by incorporating this extra confluence element.
But and I must admit, I never really understood when a supply demand and support/resistance line/zone will hold or not. It felt like gambling for me so with this mindset, I chose to have a cash management, to choose a thus far it has been demoned to be great.
BUT, I would like to genuinely know (because this is what I'm basically trading) if there are indiions or not when any of those zones will hold.
Quick summary of my egy:
1.) Identify provide demand area on the current timeframe and one time frame greater
2.) Identify support/resistance about the timeframe you exchange (I use any random SR indior to draw it for me, but does anybody know a very good one? No matter free or paid)
3.) I seldom take first touch transactions and await a indiion of reversal the moment price reaches these regions
These are my criteria to stack the odds to my favor but I am dealing with the following issues:
1.) My take profit is but only because I do not know where else to take my profits. I thought about the huge problem area but price doesn't even reach some of the SD or SR areas and turns. Any info on this?
2.) I don't understand when a zone will hold. I think that no 1 call tell whether it will hold 100 percent or not, but what might be some indiions for this? Because this is my main dilemma
3.) I thought about waiting for the M1 trend to alter and then exchange in the direction of the trend, but price bounces and just never comes back and it sucks not buying low, selling high and missing heaps of pips.
It might be tough to answer these questions and in the end, I'll have to backtest and forward test a lot to find my own answer but if someone is out there that transactions SD and SR as the primary egy and found good success with it, I would really like to consult with you (no matter if from the forum or through direct message).
Thank you for anybody helping out!
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