¿How to properly spot S/R?

[PAAddict]

Flip through all your time frames and see if you can figure out why the low was at 39.75.

Long term this is what I found:

Short Term (Intraday monday action)

 

[Erin]

Thanks, what I understand from this is that potential resistance is defined at a level where supply showed itself in the past i.e a Lower High that developed into a trend. So when prices return to that area one gets ready to go short again. Is that what you were trying to communicate or I got it wrong?

I may have muddied the waters for you - I use supply and demand but even saying supply and demand is too wordy it should be called for what it is buy and sell orders and when you start to apply the language to what you see on your chart...it should lol...it should make it easier to understand how the market is moving according to the orders. That low you identified as resist it really was a bar that stopped going lower because it hit buy orders when price came down past it this meant we more sell orders then buy orders at that level - a flip zone. That is why those pivot high and lows are worth paying attention too. And again I am sorry I should have posted on a SD thread.

https://imgur.com/a/VkCJ5oK

 

[Onra]

I may have muddied the waters for you - I use supply and demand but even saying supply and demand is too wordy it should be called for what it is buy and sell orders and when you start to apply the language to what you see on your chart...it should lol...it should make it easier to understand how the market is moving according to the orders. That low you identified as resist it really was a bar that stopped going lower because it hit buy orders when price came down past it this meant we more sell orders then buy orders at that level - a flip zone. That is why those pivot high and lows are worth paying attention too. And again I am sorry I should have posted on a SD thread.

https://imgur.com/a/VkCJ5oK

Erin, I like your posts, but why does this show up on every pic?!

 

[PAAddict]

I should have posted on a SD thread.

https://imgur.com/a/VkCJ5oK

Here is just fine, I think we are talking in different languages but that should be fixed once a proper interface can be set up.

 

[Erin]

well that sucks - I use imgur - I annotated the chart alittle further but kind of useless if you cannot view the post

https://imgur.com/a/rEMZD5C

 

[Erin]

Erin, I like your posts, but why does this show up on every pic?!
View attachment 218105

there are lots of moving pieces in trading, the more you are aware of the higher likelihood your trade will win - I only look at how the buy and sell orders sway price bar to bar swing set to swing set and more then likely those swings are smaller versions of a much larger one they are playing

 

[Onra]

well that sucks - I use imgur - I annotated the chart alittle further but kind of useless if you cannot view the post

https://imgur.com/a/rEMZD5C

I can see them; just have to click "I accept" all the time

 

[PAAddict]

So, trying to understand this S/R issue. I am starting to record what I observe via trades, I will post here my journal and see if I can learn something from my observations.
For now, I took the first retracement after the open, and I am waiting for prices to reach the area where I am expecting demand to show up.

Any comments are welcome here.

 

[Erin]

what symbol is that Paadict

 

[PAAddict]

what symbol is that Paadict

That is NQ

So far we are already at the area I defined as potential Support, Still no change in the trend in the hourly.