QSVentures

QSVentures

You see that long wick upon entry of the supply zone I setup. That tells me there are a significant amount of sellers at that price. If price comes back up to the level I will stay no matter what and it will be a good idea for anyone to get in at that entry price as well. Price barely touched the supply zone. I am interested in adding to my position if price comes...

QSVentures

I am also looking to buy a call option at the $5 STRIKE price with a June 18, 2021 expiration for somewhere between $0.50 and $0.55.

QSVentures

I am looking to buy shares at $4.25 in an already uptrending market.

QSVentures

Look to buy at 0.87654 for what could be a 7:1 RR depending on the risk. It already bounced but it will come back with plenty of buy orders still waiting.

QSVentures

So, now I have my confirmation and now switching my attention to the SUPPLY ZONE above. I put in a SELL STOP order. If it closes above the distal of my zone, I will close the order.

QSVentures

I am eyeing a confirmation with this supply zone on the 15 minute chart. I see that the Canadian Futures might be reaching a demand zone, giving it rally strength.

QSVentures

I'm eyeing this demand zone on the 15 min. I gave it a grey color over green that indicates it is in the middle of some trading happing to the left of the zone. If I take it, I will only use half of my usual position size.

QSVentures

I combined two supply zones on the 1 minute chart for this sell setup trade.

QSVentures

I don't recall when I setup this order on the 5-minute chart but it just triggered and I still like the way it looks. I don't think it will give the risk/reward I anticipated but I predict that it will give something.

QSVentures

I see an opportunity to buy an OTM call expiring on June 18, 2021 at the 57.5 when price comes into a demand zone at 56. I'm using ToS, which allows OCO brackets. Selling to close for a loss at 0.80 and will aim to Sell for profit anywhere above the breakeven at around 59.30.

QSVentures Updated 

This demand zone just triggered. It really is in the middle and against the trend so it is best to put in half or less than half of your usual position size. I expect to rally to the greyish demand zones above for about a 3:1 but it can certainly go higher. Sellers outnumber buyers 68 to 32% as indicated on myfxbook.com.

QSVentures

This here is a high probability supply zone actually on the 5m chart that one can take for a quick 3:1 RR gain.

QSVentures

I'm making note of this 15 minute Demand Zone for a short 3:1 RR gain. The supply zone above is actually on the 5 minute chart and it was tested. It may not hold but if I take it, I'll be watching for potential more gains if this doesn't all unfold overnight while I'm asleep.

QSVentures

I am looking to sell from the supply zone for what could be at least a 5:1 RR. I do not underestimate the Demand Zones below. But there is only one really that concerns me. Either way, depending on the entry, I'll be looking to get out if I feel it is turning on me.

QSVentures

This zone is actually on the 5-minute chart. I lost money to it earlier this morning due to a poorly perceived demand zone. This zone was formed yesterday and I'm looking for a 3:1 RR, though that next demand zone still has buy orders.

QSVentures

Fresh SUPPLY ZONE for a 2:1 RR.

QSVentures

I see price broke below the previous major low on what is an overall downtrend on the DAILY. So, I have reason to believe that price will drop from this supply zone that I found on the 5 min. chart. Some demand zones developed along with the retracement rally, starting off of the reversal on the 1 hr chart, which might cut the drop short. I intend on getting out...

QSVentures

My bad. That DZ lost validity when price created a minor low-high-low back into my entry. In cases like that, I normally close the order and look for the next best zone. This is it right here at the major previous low. I don't know if price will break past the failed DZ on the upside. I'll be looking to take profits there. But it can blast through it and I'll ride...