Tuesday 20 January 2015

R+0.1: One Loss , One Win

Both of these trades were taken on the M30 chart. However the major diffrence was that the loss(1) was based off a supply level originating on the same time frame (M30). While the win (2) was based from a supply level originating from a higher time frame (H4).
EU Trades

3 comments:

  1. M30 would not be supply on the left of your chart there. Price has already broken through it. It might be support turned resistance, but the supply box, should you want to draw it, would be originating from the last candle prior to breaking through that blue box marked "M30 supply". This looks like it would have been M30 Demand; then that broke, then retrace, then dropped. The top of the retrace is the new supply.

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    Replies
    1. Nice one John! that clears things up! :-)... will check your chart too.

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