YTC Price Action Trader (www.ytcpriceactiontrader.com) | Trading Reviews and Vendors


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YTC Price Action Trader (www.ytcpriceactiontrader.com)

  #43 (permalink)

Elite Member
Frankfurt, Germany
 
Futures Experience: Advanced
Platform: TT, ProRealTime
Broker/Data: Advantage, Dorman
Favorite Futures: Futures
 
Malvolio's Avatar
 
Posts: 144 since Nov 2010
Thanks: 93 given, 82 received


kulu View Post
@Malvolio

That was a nice trade. I had my supply zone right were you shorted but I had a meeting and didn't take the trade. Here is my chart. Again, there are many different ways to skin a cat, but I've found Sam Seiden and Lance Begg's (I like the trapped traders concept by Lance) material to work very well for me.

Kulu

Thanks, yes this concepts works very well. That is because the marcet structure has to do more with the autcion marcet theory than with the technical analysis which uses indicators. Price and volume are the important parts to look at.
Another approach that Im using was described best in a german book from Michael Voigt, who writes about how to trades trends (buy/sell in pullbacks, etc.). So if we have a strong trend day, waiting that price get to a supply/demand level would be the wrong way to trade (when these levels are far away from price). These leveles rather would represent a target zone.

Best regards,
Malvolio

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