Saturday, 24 January 2015

Missed Trades Due to Incorrect Supply Levels

On the whole I am using pivot highs and lows as my supply and demand levels on H4 and M30 charts however a little rusty (probably because I do not have a trade plan!) and forgot I can also use bull bars in a down move / bear bears in an up move as levels a la Seiden.

In the charts below I had ID'd M30 supply at pivot highs rather than the labeled counter trend bars in the M30 down move labeled...



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