Tip :
- Zoom down to LTF at the wicky areas..
Adv
1. Instead of putting trade at proximal line at HTF SZ or DZ, you have better trade
(Rem :usually long wicks SDZ. . Price have tendency to go deeper into SDZ zone to reach the wick)
2. Higher WoW probability trade at LTF. . HTF WoW may miss and LTF WoW higher chance to trade
Notes
1. Weekly CP DZ in control. . A strong fresh and original with good base and good departure
>> remember weekly still up because no demand zone has been taken out (bullish consolidation )
2. Monthly also up (bullish consolidation)
3. Monthly reacting bullish on a flip zone
4. Clean and strong arrival to weekly zone ( hence odds enhancer that weekly DZ will rebound high)
5. Confirmed by strong bullish engulfing after reacting to weekly CP DZ
6. Daily overextended and rather compressed with a lot of wicks
7. Weekly also overextended ending into a strong and fresh DZ. .hmm.. think of spring effect. .. rebound fast?
*** Listen to Hugh sharing - " it's been one week and I been so bored only one trade.. I know I am breaking the rule but I just wanna short it when I am not allowed. . I have found a lot of reason to justify my wrongdoing (e.g. I found a confluence of weekly Ema 20 etc. .)
E.g of bull trap (and very bad WoW trade). Daily dropping to extreme demand zone.. long opportunity here?
But
1. Monthly SZ in control
2. Weekly SZ in control
3. Daily DZ nested not in weekly DZ
4. Worst.. Daily DZ is part of a long weekly candle wick that gets liquidity from the weekly DZ
(Note : this so called "extreme DZ" is not found in weekly nested DZ but part of the top part of the weekly candle wick)
Hence. .v likely bull trap..
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2. See the CP Supply zone tested many times. . Finally broke with a gap up but there is a bigger demon waiting.. fresh and original extreme daily supply and and extreme not tested WICK and area of weekly SZ supported by monthly SZ. . Hence the bull trap
1. Monthly in control (wick hit)
2. Weekly WoW
3. Daily WoW nested in weekly
4. Optional : look for H4 entries
Good example of poor WoW even follow the rules..
Reasons why Short failed at daily even follow rules?
And : reflect and read the price action! Ask what is against me?
1. Monthly up
2. Weekly SZ by very wicky candles
3. Weekly up.. EMA 20 in control
No weekly demand zone removed..
4. Daily.. CP demand formed. . Reduce risk reward
5. Monthly CP DZ in control
If I think deeper. .
1. Take note CAGR more than 12 percent..
E.g. Sino grandness is 42 percent!.. OSIM , ezion
2. Look for GIANT .. by FA and Optimism
2 a. Wait for giant to "fall down"
2 b. When to "support" the Giant?
3. Financial crisis?
3 a. Stock near 100%
3 b. property near 100%
3. C. Commodity near 100%
4. Don't just see index. .like Dow Jones or S&P .. near historical high..
^^ remember that there is inflation. . So naturally the index should go up!
5. Key for optimism.. need to go through 2007/2008!
E.g. if weekly SZ in control. . All the DZ in LTF is bad...
Note : E. G. weekly SZ in control, reach a daily area of flip zone.. that is not a reason to long as there is no DZ..
We are SD traders and we strictly only trade on SD levels.. no level no trade even though there can be super reversal or continuation candlestick of super support or resistance line. .
Rem.. the key of SD traders is to trade with the institution. .
1. Use 1 hour intra charts for entry
2. Use divergence at major supply and demand zones
1. Scanning is only first part...
2. The 2nd part and one of the key is his buy stop and sell stop.
E.g. although i sxan and find 41 bullish reversal scan.. and yesterday DJI drop 300 points ..
However all my longs are not executed because of the buy stop. Whereas my sell stop orders are executed.
3. the next key is using stop loss using ATR
1. Monthly chart.. all time high with fake breakout
2. Weekly.. strong resistance as candles can't close above. Also see there is a harami and later a bearish engulfing
