I take up your offer.

    System update

    Posted by junkie on 27th of Apr 2023 at 03:11 pm

    I take up your offer.  As a concept, take an entry in supply or demand zone coupled with a weak momentum or divergence for a reversal trade. Take another entry in the next supply/demand zone. Wait for a move into the opposite zone to exit partially or fully. This is provided that market is range bound within ichimoku cloud on the weekly or monthly chart.

    Buying pullback on a pullback to the nearest "strong" (based on good volume spent there) demand zone if the momentum is strong and indicate higher prices.

    This could be subdivided further into 3  thirds of the distance between the demand and supply zone. Do nothing in the middle third, allow trades in the other thirds close to the supply/demand zones on the first visit.

    I will pass along your way good videos demonstrating this method if I see them.

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