Recent content by tomerok

demand did not hold

thx boru nice to hear from you.. niko, I'M GONNA FIGURE THIS ONE EVENTUALLY :D

mapping the territory - backing up to 2011

something I've put together from various indicators and code samples with my limited programming skills i take no responsibility... :) here .. attached.. NT 7 Export format Tomer

game plan: Wait for price to re-test the big TR MP for 5mtbr short Wait for price to re-test the big TR highs Wait for price to reach 50% of the last up move is also an option since it aligns with LSL and the strong demand yesterday might imply a shift in balance. Wait for price to re-test...

The hourly, confirms the trading range (sideways view from the bigger time frame) Price took the upper half of the range (implying demand), than the lower half(implying supply), tested the MP and held the lower half Yesterday had very strong response to the TR lows, demand brought price to...

Bigger time frame still in a downtrend, SL not even close, signs of sideways movement are starting to increase

done for the day, i don't trade inventories day no trades today

game plan: Avoid the MP, Wait for the extremes TR high or low

Price consolidates , the MP response (supply) occurred but demand were found below, this created a consolidation I should avoid. Overall picture (60m) holds a nice DL but the MP above still holds.

game plan: Wait for a retest of the MP for a 5mtbr short (PHOD will also serve me well) If we reach TR highs look for 5mtbr short Wait for TR lows for 5mtbr long(LOD will also serve me well)

When drilling down it is clear that a Trading range is in play It held above the MP for a couple of days just to take out all buyers in once day Price ranged above the MP for a while and now shows signs of ranging below the MP

The bigger picture still shows supply is present Demand had not taken over yet

here's the daily hindsight/recap with execution