Advance Price Action Trading with Demand Supply & More

[AlphaT]

@AlphaT, is it a valid ERC in Reliance 1h chart. View attachment 41975

You mean the DZ marked on the chart?

 

[Sanat]

Hi AlphaT, hope all is well at your end.
Posting after a long gap, a very interesting weekly chart of HDFC.

https://www.tradingview.com/x/R1Z4eZIH

Sir, pl let me know what is very interesting in this HDFC chart.

 

[Sanat]

Aahh! This is not the kind of FTR/ERC zones that we want to trade! If you qualify FTR/ERC with this kind of L1, L2 or H1, H2 framework then all swing low zones or swing high zones in a uptrend or downtrend would start getting qualified as FTR/ERC zones! This is heavy dilution of the ERC/FTR concept!

Sir, very much thanks for the guidance. I thought the SZ worked very well & resulted in nice RR. Pl explain this in more details (if possible by a fresh video).

 

[Sanat]

This is incorrect! The H-HH-L-LL markings do not qualify this as a QM DZ.

.Sir, pl guide me for QM zone marking & pl give me your video link of QM on YouTube

 

[omorfaruqru]

Am I right Alpha?

 

[sabhlok_r]

Sir, pl let me know what is very interesting in this HDFC chart.

Change the time frame to daily on the chart and see.

 

[AlphaT]

 

[AlphaT]

Am I right Alpha? View attachment 41984

No, this is not a QM demand zone!

 

[AlphaT]

.Sir, pl guide me for QM zone marking & pl give me your video link of QM on YouTube

It's not yet there on Youtube channel...

 

[vikki_trader]

You mean the DZ marked on the chart?

Yes, it is marked in green color & the Pin is marked with hand symbol