Ghost of If You Can Draw A Straight Line

And now the later demand line is broken. Still a decent trade, though.

Edit: Just to be clear, the long is done. One is now out of the market.

 

Never!


here is why , all trades i took where in the spirit ... ahem.. ghost of if you can draw a straightline...



check teh actual situation on NQ ...

on abreak of the 1min supplyline a buyin a ret. (green) would be
valid as a change of supply and demand took place.. supportet by the .. pot. support level.. and HL

otoh a short (red) would be valid if the demandline would break
and u catch the retr. supported by the H1 supplyline..

both scenarios have is traps.. but if ones plans his trades in
advance one knows when to exit...

for example we might could form a LH before we head to teh H1
suplyLine .. and we are heading into an indecision (hinge) from
then on if you are long .. u exit on the break of the lows.. and
might even reverse to a short. etc..

 

I think it would be useful if this thread is used for long term trading, 60 min and daily, and the other threads are used for intra day, 1 m bar interval as they have been up until now.

Not sure if DB would agree, but I find it very useful to follow DBs insights on the 60m chart, and have no real interest on 1m trades.

Just a way to keep things organised.

 

look as valid pot. long entry awaits.. supplyline broken + first retr.



mange accordingly to your plan

 

ah , ok ... didnt know that .. sorry

 

That was the general idea.

 

Good idea, i will give a try to the new interval.

 

Or, the other threads are still open.

 

Yep, i will post on the bride's thread the 1 min journal and will post the 60 min analysis here.

 

Workhorse Niko.

I like hourly. Signals are spaced enough to have a life, and close enough to not just have a life.

Gringo