What is the "M1" ??
Here are the M1 SupDem on M5 chart from Tues to Fri.
Please notice how today's drop conform to the zones...
What is the "M1" ??
Supply and demand zones drawn from a one minute chart.
gott it dude < multi zones on one screen.
So Puhleeze guys make us the SupDem indicator!
Last edited by Paul; 04-14-2012 at 12:24 PM. Reason: additional
Last edited by duggils; 04-14-2012 at 01:14 PM. Reason: details
The classic Measured Move is shown where AB=CD.
Here is the 123 reversal trade..
I take at least 3 bars moving rapidly away from high/low in the M5 chart and use the M1 to draw the precise zone..
I hope the attached jpeg is clearer than the last!
Thanks Paul for the clarification about the 3 bar move on M5. Any specific reason why you picked 3 bars? Why can't it be just one really large bar as long as the distance of the move is at least 3X of SL. To me the distance is really what matters because it gives the space for your trade to move. Don't you think?
I'd imagine it might be extrapolated for other time frames as well . For example: H1/M5, H4/M15. I have always been successful in using Multi time frames - whether it be the patterns within patterns or SR.
Thanks also for clarifying that you were trading the CD wave for the measured move.
Another question, are you paying attention to the freshness of the zone? Cause in your post #60, the example didn't look like a fresh zone. I don't know if it was an actual trade you took or just an example.
Forgive me Duggils
I am new to these zones and still coming to grips with SupDem. I shall certainly have a look at H4/M5
Trading the measured move and the various fibonacci strategies that come off it is how I trade as it has proved consistent.
I can only attribute this to the fact that it is trend following.
I have quite simply blown to many accounts and lost tooo much on counter trend trading and notwithstanding the fact of the outstanding capacities of
Kor Harmonics and Amp, I am not clever enough of a trader to make good use of them, except (5.0 trend following pattern)
My whole aim in using SupDem is to find precise confirmations for my trade entries.
The proof of M1 to describe the zone has shown this week that the other day trading times adhere to these M1 zones.
Sure you can draw your zone in H1/H4 but then we are back to wider and imprecise areas, which may not overly bother daily or weekly traders.
But why bother if M1 touches to the pip.
A couple say 3 strong moves away from high/low somehow for me shows more intent than one big bar which is often simply institutional unloading with price soon resuming its previous direction...
Indeed I would pay close attention to fresh zones however Post 60 trade was taken on fib confluence
Have a look H1 on M1 zones
What happend to fridaystreet :-(