Fantastic! Can you recommend some readings about supply and demand besides Sam Seiden and Alphonso Moreno from Forexfactory? I dont trade Forex but trying to apply SD to SPY FB AAPL weekly options
FlatMarketsHunter
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@cristian.d, I don't trade supply demand , is only to justify the lines i plot on the chart.this lines sometimes coincide with fibo, sometimes with sup dem levels.I use banks trading mentality to plot my lines.on my screens i only have numbers, i don't use any type of charts and the biggest period to watch need to be max 5 days no more just like the banks do.Trading become an intraday scalping job for the banks, i only focus on short term(just like them).
FlatMarketsHunter
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@cristian.d, I am selling and buying in the same day.
FlatMarketsHunter
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@cristian.d, BTW all kind of levels are there just to be broken.The banks are playing another game.
FlatMarketsHunter
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@cristian.d, 90% Banks will sell an upside breakout and buy a downside breakout .
cristian.d
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@FlatMarketsHunter, yes, true. Problem is timing your entries, how do you know when to enter?
FlatMarketsHunter
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@cristian.d, It's not about timing, it's about the entry :)I put a limit there and will be hitted sooner or later :)
FlatMarketsHunter
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@cristian.d, All this traders designing on their charts butterflies or other inventions, are 1000 years away from what banks are doing...somebody need to be on the bad side .
cristian.d
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@FlatMarketsHunter, You are so right, I hate oscillators, waves, all this crap... I dont think the banks say "Oh, look at that MACD cross, lets buy some stocks" . My chart is clean, just candles and my lines. That's why we have that petrcentage of 90% losers, right? I mean, everybody has access to these 10000s of oscilators/indicators..
FlatMarketsHunter
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@cristian.d, 99% loosers :)The game is so easy but only if you don't believe that bullshit about earth is round,or human was ever on the moon :)) Or about 24k satelites rotating around the ... flat earth.