gristar Take this with a grain of salt. Read this post and the next one: url then see if this picture makes sense to you:

ReadtheMarket - Supply and Demand with Price Action

Trader555 This is a quote from post 1. When is a supply or demand level confirmed as a level? We need that the opposing supply/demand area is taken out (absorbed) before we consider an area to be valid AND/OR price making Higher Highs or Lower Lows ...

Supply and demand in a nutshell by Alfonso Moreno

url Post 5 of this thread plus the next 4 posts and url plus the next 5 posts

ReadtheMarket - Supply and Demand with Price Action

I'm in learning mode, so I'm not experienced, but I don't see this case in USDJPY as a failed setup. I was expecting the drop at that precise level. In fact, you have written about these little fakeouts at swap levels, just beyond a flag. url

ReadtheMarket - Supply and Demand with Price Action

Thanks kumaramy, it's a clear explanation. Is this your preferred setup?

ReadtheMarket - Supply and Demand with Price Action

I guess that at this point you've seen several failed setups and several successful setups, and you've had some AHA moments. Can you explain what makes the difference and/or draw an example of valid setup and an example of invalid setup at this ...

ReadtheMarket - Supply and Demand with Price Action

Hey KiwiOz. Thanks for your reply. I was off line due to a laptop malfunction. Things are clearer now. Thanks again.

Magnetic Line Trading with KiwiOz

Ok. Here we go.

Magnetic Line Trading with KiwiOz

I'm still trying to figure out why you draw some lines. May I ask stupid questions?

Magnetic Line Trading with KiwiOz

Hi FXyogi. Can you please post some charts with examples of a good and a bad setup based on these statements? Don't feel compelled to do so. I know it's a time consuming task.

ReadtheMarket - Supply and Demand with Price Action

Thanks Adrian. Much appreciated.

ReadtheMarket - Supply and Demand with Price Action

I guess it is Multi Pivot Line, but I still don't know for sure.

ReadtheMarket - Supply and Demand with Price Action

Forgive my ignorance, ¿What is the meaning of MPL?

ReadtheMarket - Supply and Demand with Price Action

That is a pattern called Whipsaw Engulfing. Price hit Weekly demand and engulfed the consolidation, then it became demand. url

ReadtheMarket - Supply and Demand with Price Action

Not sure why you did'nt wait for the engulfing of the upper flag. (USD/JPY) In fact, I don't see the lower one as a flag. There is not even a single complete candle outside the previous low. I mean, there was no follow through. It was just the last ...

ReadtheMarket - Supply and Demand with Price Action

or...

ReadtheMarket - Supply and Demand with Price Action

Stop loss @ 1270 ? It seems to me that this price level didn't trigger massive sell orders, unless these SL are being used to fill buy limit orders for the big pockets out there. AB=CD in the making? (1391.97->1277->1331.08->1216.11) or will Weekly ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Thanks for your reply, KiwiOz

Magnetic Line Trading with KiwiOz

Hi KiwiOz. What about these ones?

Magnetic Line Trading with KiwiOz

Suscribed. I've been waiting for this. Thanks KiwiOz.

Magnetic Line Trading with KiwiOz