You suggestion for HEROMOTOCORP, look at zones on LTF solid!
I think there are videos already there on the channel on how to draw the levels, the RBR, RBD, DBR and DBD. Could you please take a looks at those and let me know if they help you understand it? If they don’t then I will make a fresh video of how to identify and draw the zones on a chart for sure, I am anyways done for the day with my bounty. Just joking! Here is the link.
Once you know how to mark the zones, the next question would be - Which zones are important and which are not? That would be answered by PA, whether the zone is a FTR, Limits of Flag, QM, Flips, Traps, etc… These will be shared in upcoming videos one by one.
Finding RBR or DBR is essentially picking doji candle after stock has made big move, right?
Does say marking these levels on 1D chart help in 15m charts?
So if we use this technique, does that mean traditional support-resistance lines hold no value?
But its bullish engulfing, so i’d be on other side
Absolutely not! If market were a body, then S/R would be it’s bones! Cannot be ignored! But the way it is used and looked at is a bit different when we use our style of PA. I will share.
Can we use PA along with S/R, if so can you make videos on how to. Also I tried RBR and DBR with SBI, do tell if I did it right.
For supply zone I think first candle is ideal as it is straight after down move. Can you shed more light @alphaT
He didn’t take whole candle movement in consideration though, i.e High and Low… Or im missing something
Yes sure! I will surely add this to my “to do list”. Breaking or key S/R and PA at key SR/RS is very very important in our PA style. SR/RS is one of the key barriers that we take into account.
Yes, but it’s not wrong either, I personally take whole candle, but marking from candle body to end of wick is also fine, it reduces zone size if the intention is to take a trade at the zone directly. But remember, PA starts from whole wick to wick and orders could be sitting there as well. If you prefer watching PA at LTF to take a decision for trading the zone then its better to mark whole candle.
Looks all good
He marked the supply zone on second candle, I was asking shouldn’t it be on first candle?