I have following questions:
1st How to determine supply / demand curves? it is simple trendlines?
2nd What is screening? is a fantasy projection? how to apply correctly?
3rd I see blue lines, these lines show
see also attached photos
Can anyone confirm or decline my understanding?
1st Find the moment you can plot trendline
2nd You find the highest high / lowest low between these two points
3rd You place horisontal and vertical lines of this highest high / lowest low, then you will be taken into account when the vertical line intersects the demand / supply line.
4th This intersection is the entry point
5th Waiting when the candle opens above / below the demand / supply line
6th You place a profit target in accordance with fantasy projection
The highest high / lowest low point is between 2 and latest bar, and it has to be consolidation.
Entry point is open the first candle of the trendline. You calculate the TP and SL open this too.
You place a profit objective which provides a profit target is, and can be obtained from the intercept difference between the highest high / lowest low and vertical line with demand / supply lines.
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