Need help with basics

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    • #86741
      Shalva Kutelia
      Participant

      Hi, I have to admit I become confused by what I see in MK, I’ve put the areas of interest into colored boxes and would like to get a solid understanding:

      Yellow: short position stops
      Blue: where long positions entered
      Violet: long position stops
      Green: where short positions entered

      Is this correct?

      What is the reason to stops being colored differently in different charts? Particularly in this case what do white and grey colors mean?

      Using the opportunity can you please help me understand how OST, OGZ and STS get calculated too, I am trying to understand their weight in relation to one another.

      Thanks

    • #86922
      Admin SME
      Keymaster

      Blue box: DM long positions currently open
      Green box: DM short positions currently open

      Yellow box: STS of DM shorties
      Violet box: STS of DM longies

      Note:
      The white and grey lines are also STS, but from different data sources. As you can see, for some pairs, this helps.

      OST are option strike signals, they have nothing to do with that.
      OGZ are order gap zones, where the SM fills DM orders.
      STS are the short-term stops.

      LTS are the long-term stops, pink lines.
      MTS are the (important) medium-term stops, in green.

      All the best dear!

      SME FX

    • #86923
      Admin SME
      Keymaster

      Note 1:
      The OST are tradable when no squeeze line is in the way.

      Note 2:
      The MTS are tradable when no squeeze line / DM flow is in the way.

      Note 3: OGZ and STS have less weight than both of the above. These are often used for pullbacks etc.

    • #86924
      Admin SME
      Keymaster

      Note 4:

      A squeeze always dominates, in particular the higher the time frame where the squeeze occurs.
      So a squeeze on the day chart will always dominate everything else, even H1 MTS or OST.

    • #87014
      Shalva Kutelia
      Participant

      Ok that is great, thank you.

      I will leave this here just in case anyone like me is more visual

    • #87027
      Shalva Kutelia
      Participant

      ..another thing I would like to clarify: when the net DM line is way above it’s counterpart but not sloping in any direction, does that mean the bias is low and OGZ and STS are now tradeable? How does this case compare to when both red and green squeeze lines are close by?

    • #87034
      Admin SME
      Keymaster

      Yes,

      as you can see from the EURAUD example, we first had to wait until the squeeze line slopes down.

      “How does this case compare to when both red and green squeeze lines are close by?”

      If both squeeze line are close too each other, yes, this is a minus point, because DM longies and shorties are roughly equal.

      Yes, the slope of the respective squeeze line is essential.

    • #87035
      Admin SME
      Keymaster

      Look, Djamal made a video today about EURAUD:

    • #87197
      Admin SME
      Keymaster

    • #87276
      Shalva Kutelia
      Participant

      Yes, I watch all these videos, thank you

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