And what do you think of the use of indicators within those zones? Would you confirm with RSI, MACD, or just with price share?
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And what do you think of the use of indicators within those zones? Would you confirm with RSI, MACD, or just with price share?
Totally according to the second touch. I got tired of losing on the first rebound waiting for miracles. The second chance, after the jolt, is usually the real inning.
Do you have any graphic examples of a well-managed zone entry after a liquidity trap? It would be useful.
Thanks for your clarity. I didn’t read something so well explained and with so much practical sense earlier. The approach to liquidity and imbalance changes completely the way you read the chart.
Interesting, but the theory sounds cute... how does this translate into a real entry with SL and TP?
I agree with everything said, especially in the part of emotional management. It is 80% of the work. The rest is learned, but if you do not master your head, you lose the same.
I noticed that the price is fine in the areas. I mean, it reacts at first and then breaks them. That’s when it pulls me out. I think by applying what you said I can avoid those traps.
Do you think this also applies to smaller time frames, such as M5 or M15? Because there zones become more difficult to manage.
This explains why so many systems based on price action fail. Everyone looks at the same areas but doesn’t understand why of the movements.
I add to the analysis the volume of the market profile. It helps me to define which areas really have history of accumulation or distribution. That complements very well what you say.