Hello PAN,
I have searched your site to see if you have ever written any articles relative to identifying “Fresh” zones of S/D and can’t seem to find any. If you have written information on the subject can you kindly point me in the right direction so that I may read your input?
Additionally, does the daily average range play a role in your strategy?
As mentioned before, I enjoy your site and believe that its content is going to provide hours and hours of reading and hopefully results in my becoming a better trader.
Presently I am demoing and although not consistently profitable I am pretty much B.E. Breaking even isn’t the way I want to go. Studying your material has brought a new understanding of how the market is really set up to make me lose money.
If I can figure out how they plan to do it the better off I’ll be. I purchased your Zero Sum Fun book and it is opening my eyes even further.
Regards,
Response:
I don’t have any articles on identifying fresh supply and demand zones… but I’ll try to get something out in the near future.
Got my hands full at the minute!
My Main Strategy: Pinpoint zones around major swing highs and swing lows.
Every swing high or low forms due to the banks either taking major profits off their trades or placing significant trades to cause a market reversal. Price has a much higher probability of reversing at zones formed from these swings compared to zones which form in the middle of moves—(rally-base-rally or drop-base-drop zones).
As for the Average Daily Range (ADR), it’s not a primary tool in my strategy…
I sometimes use it to gauge the potential limits of market movement during a given day.
I’ll try to explain it further in some upcoming articles. The ADR you’ve noticed in my screenshots isn’t the best, as it only displays data for the past 20 days… I really need an ADR with more customization, showing the ADR for the past 5 days, 10 days, and so forth.
Hope this helps,
PAN.