I agree with you on that one... I was not able to trade today but very nice opportunity on UJ. Engulf into CP showed its target for the future IMHO... I hope for a retrace...

ReadtheMarket - Supply and Demand with Price Action

nice reading... did you get stopped out or was your SL higher..?

ReadtheMarket - Supply and Demand with Price Action

It was TT without confirmation... that zone I marked has some interesting history I closed both trades, because it did not reach my first target and I don’t want to hold it over weekend. A little over 3R and 11R (the second one just with ...

ReadtheMarket - Supply and Demand with Price Action

Don’t trade and drive.. Or you mess up your risk size... In my case instead of 1R 0,1R Two POs triggered, one aggresive with 5 pips SL, unfortunately that is the one with wrong position size, the second one with 17 pips SL... First ...

ReadtheMarket - Supply and Demand with Price Action

There are tons of views on one topic in FF, even in this thread... Try to find "your own" logic behind what price is doing, why is it doing... Your first FL in my eyes is the PCP of the whole CP. Try to understand why ITs target these areas, what is ...

ReadtheMarket - Supply and Demand with Price Action

here you go, buddy... sorry, it is messy but maybe you find something useful there for you

ReadtheMarket - Supply and Demand with Price Action

yeah, TCP is the tip of CP (end) and PCP is PreCP (beginning)... I am not sure it is the "definiton" but I use it this way There are many more CPs on the chart on that scale... I did not mark all of them before

ReadtheMarket - Supply and Demand with Price Action

here you go... you are messing up the scales... and also some FLs you draw are not important... just my 2cents, my friend

ReadtheMarket - Supply and Demand with Price Action

I will try to show you on your chart...

ReadtheMarket - Supply and Demand with Price Action

Hi KBL and thank you, this is my reasoning, which now proved to be wrong. My bias is still the same though... just my view, could be wrong of course I closed the rest on those two trades with a little BE+ and BE-, so zero on second half ...

ReadtheMarket - Supply and Demand with Price Action

One more add on... EDIT: -1R

ReadtheMarket - Supply and Demand with Price Action

First 1/2 closed

ReadtheMarket - Supply and Demand with Price Action

Let`s see...

ReadtheMarket - Supply and Demand with Price Action

Every FL is a FTR... But not every FTR is a FL... Try to think about it... And FL limit is basically an edge of a FL. Go to charts and look what happens at these areas...

ReadtheMarket - Supply and Demand with Price Action

Target hit on that one... Today`s level worked great... just... if I placed my SL where it should have been above the marked zone and not one pip lower.... greed + bad luck = -1R

ReadtheMarket - Supply and Demand with Price Action

It kind of sucks a little more now...

ReadtheMarket - Supply and Demand with Price Action

LTF ILSK vs HTF ILSK ... I chose the wrong one -1R... Always look at bigger picture if there is something stronger above your entry that could attract ITs...

ReadtheMarket - Supply and Demand with Price Action

another example regarding FOs and no FOs... just my view

ReadtheMarket - Supply and Demand with Price Action

I was watching that level too... But think of it this way... if the price does not hit the target now on its way down, what is this double top there for...?

ReadtheMarket - Supply and Demand with Price Action

others already posted it here... this is my chart... It obviously depends on TF you look at it is just my point of view that if price FO like this to even a lower TF FL, it is not an engulf but a FO... just my view, my friend

ReadtheMarket - Supply and Demand with Price Action