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S&R, S&D Help Advise


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S&R, S&D Help Advise

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  #1 (permalink)
BlackBeard
New Delhi, India
 
 
Posts: 3 since Apr 2022
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I have a query. Does Supply/Demand and Support/Resistance work in trending markets? If we are in an uptrend then there will be higher highs and higher lows. and the turning point after correction will not be the same as the previous swing low/high. It will be a bit higher than that to make a higher low. If price is not supposed to return to S/D or S/R then how to observe PA at these levels? How can we enter a trade after a correction if we do not know at what level we have to observe the price action in trending market?

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 trendisyourfriend 
Market Wizard
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BlackBeard View Post
I have a query. Does Supply/Demand and Support/Resistance work in trending markets? If we are in an uptrend then there will be higher highs and higher lows. and the turning point after correction will not be the same as the previous swing low/high. It will be a bit higher than that to make a higher low. If price is not supposed to return to S/D or S/R then how to observe PA at these levels? How can we enter a trade after a correction if we do not know at what level we have to observe the price action in trending market?

You can draw a custom VWAP or Volume profile from the start of an impulsive move to the end and enter at the VWAP or Highest volume or just use a Fibonacci level such as 50% or 61.8%.

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BlackBeard
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Posts: 3 since Apr 2022
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trendisyourfriend View Post
You can draw a custom VWAP or Volume profile from the start of an impulsive move to the end and enter at the VWAP or Highest volume or just use a Fibonacci level such as 50% or 61.8%.

Is that how we are supposed to enter? I am new so I do not know much. I mean that's how everybody enters after a correction? Either Fibs or Volume profile, VWAP ?

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 trendisyourfriend 
Market Wizard
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BlackBeard View Post
Is that how we are supposed to enter? I am new so I do not know much. I mean that's how everybody enters after a correction? Either Fibs or Volume profile, VWAP ?

I trade intraday so i use multiple ways such as price making a new low for the day then retraces back to the 1 minute opening range then i might enter there betting the trend would resume. I might look at the high or low of the previous day, the overnight range and make a bet as to how might go from there. I use the VWAP a lot so i track the channel formed by it as well as the previous day VWAP to form an hypothesis. So for intraday trading, i don't necessarily trade the overall big trend as price can go in both directions no matter the higher timeframe trend. One thing i like to watch is failure at a key levels such as VWAP retest that fails or break or a major swing etc.

One more thing, price likes to retrace a lot around the 10AM or 10:30AM ET so i keep an eye on that too.

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  #5 (permalink)
BlackBeard
New Delhi, India
 
 
Posts: 3 since Apr 2022
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trendisyourfriend View Post
You can draw a custom VWAP or Volume profile from the start of an impulsive move to the end and enter at the VWAP or Highest volume or just use a Fibonacci level such as 50% or 61.8%.

Are these known strategies? I mean where can I find these things? Now book I have read mention these things. Any recommendation for a book/blog/youtube? Something than can tell me how the trading works in real life. What are the general strategies and how we can tweak them. Anything will be helpful.

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