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Hi SharksI suppose what I was trying to say is there's...

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RickM

2,131 Posts.

3

02/02/19

21:32

Post #: 37311395
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Originally posted by sharks37: ↑

Hi Rick

To my way of thinking what you've described is related to the old adage about the timeframe hierarchy where any technical feature/event on a higher timeframe takes precedence over a lower timeframe. In terms of "liquidity pools" which I think of as supply/resistance zones, they are present on every timeframe but a S/R zone on a M1 chart is not going to have anywhere near the importance of a S/R zone on a daily or weekly chart, and there will be many M1 S/R zones (and other intra-day S/R zones) between each, and even within, the S/R zones for daily, weekly, etc.

To answer your last comment I would say supply and demand zones do exist and they are actually defined by the herd behaviour of where other traders put their orders/stops/etc.

Cheers, Sharks

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Hi Sharks

I suppose what I was trying to say is there's possibility no much emphasis placed on these resistance areas zones as they are just small hills in the way of our true target. We need to only focus on our targets.

Maybe I should chill out tonight before I really write something even more stupid.

Goodnight folks
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