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Price Will Tell - Supply/Demand Price Action Trading

  • #1,401
  • Jun 21, 2017 5:44am Jun 21, 2017 5:44am
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  • #1,402
  • Jun 21, 2017 6:07am Jun 21, 2017 6:07am
EURJPY H4

Couple of hours to go before candle close. Patience an' all that business...

Looks like it may be trying to form demand here.

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  • #1,403
  • Jun 22, 2017 3:05am Jun 22, 2017 3:05am
Quoting simond2002
EURJPY H4 Couple of hours to go before candle close. Patience an' all that business... Looks like it may be trying to form demand here. {image}
Yesterday's analysis also factored in Daily with a fresh demand zone and closes above the SR inside that grizzly daily flag:

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This overnight drop changes things slightly.

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Price is currently testing the last of the demands that I would've been interested to buy at but there's some quite strong looking supply developed in the vicinity. Could be alright for intraday stuff, but will stick to EURUSD for that.
  • #1,404
  • Jun 22, 2017 6:08am Jun 22, 2017 6:08am
Quoting simond2002
{quote} Yesterday's analysis also factored in Daily with a fresh demand zone and closes above the SR inside that grizzly daily flag: {image} This overnight drop changes things slightly. {image} Price is currently testing the last of the demands that I would've been interested to buy at but there's some quite strong looking supply developed in the vicinity. Could be alright for intraday stuff, but will stick to EURUSD for that.
M15 came into play and EURUSD is floundering a little. Ended up taking a long around that flag and entry is now protected after price hit SR.

It could come back and retest demand in the flag in which case I'll take the stop and perhaps get another chance at entry. Hopefully it'll run, however.

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  • #1,405
  • Jun 22, 2017 6:13am Jun 22, 2017 6:13am
Oz has been the best mover today. Was watching but the pins in the top of that supply and retest are reported back on my charts at exactly the same price: 0.75597.

No broker can or should be trusted in my opinion, particularly supposed "ECN" whose price is actually 0.5 pips either side of quoted price.

Interested to know; can any of you guys out there post the price you have printed at the top of those pins?

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  • #1,406
  • Jun 22, 2017 7:47am Jun 22, 2017 7:47am
USDJPY M5
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I missed it but can we accept it as SR ?
  • #1,407
  • Jun 22, 2017 8:08am Jun 22, 2017 8:08am
Quoting simond2002
{quote} M15 came into play and EURUSD is floundering a little. Ended up taking a long around that flag and entry is now protected after price hit SR. It could come back and retest demand in the flag in which case I'll take the stop and perhaps get another chance at entry. Hopefully it'll run, however. {image}
Stopped B/E
  • #1,408
  • Jun 22, 2017 8:15am Jun 22, 2017 8:15am
Quoting shs0404
USDJPY M5 {image} I missed it but can we accept it as SR ?
Just edited my original answer.

In answer to your question, yes, on this occasion I think that was a valid setup. Just make sure to keep an eye on where the opposing SR lies.

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  • #1,409
  • Jun 22, 2017 8:27am Jun 22, 2017 8:27am
Quoting simond2002
Oz has been the best mover today. Was watching but the pins in the top of that supply and retest are reported back on my charts at exactly the same price: 0.75597. No broker can or should be trusted in my opinion, particularly supposed "ECN" whose price is actually 0.5 pips either side of quoted price. Interested to know; can any of you guys out there post the price you have printed at the top of those pins? {image}
On my charts both rejections have the same high as well, price was 0.75592
  • #1,410
  • Jun 22, 2017 8:28am Jun 22, 2017 8:28am
Quoting Hanuman
{quote} On my charts both rejections have the same high as well, price was 0.75592
Cheers mate
  • #1,411
  • Jun 22, 2017 8:56am Jun 22, 2017 8:56am
Quoting simond2002
{quote} Just edited my original answer. In answer to your question, yes, on this occasion I think that was a valid setup. Just make sure to keep an eye on where the opposing SR lies. {image}
target hitting
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simond
in our cutler we say "A book without a master cause a disaster "

so thank you master to keep us from disasters
  • #1,412
  • Jun 22, 2017 9:09am Jun 22, 2017 9:09am
Quoting shs0404
{quote} target hitting {image} simond in our cutler we say "A book without a master cause a disaster " so thank you master to keep us from disasters
Hehe - no worries
  • #1,413
  • Jun 23, 2017 3:56am Jun 23, 2017 3:56am
USDCAD 5M
demand become support
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NZDUSD 5M
supply become resistance

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Am I doing well ?
  • #1,414
  • Jun 23, 2017 4:07am Jun 23, 2017 4:07am
NZDUSD 5M edit
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  • #1,415
  • Jun 23, 2017 4:16am Jun 23, 2017 4:16am
Is that the full cycle sell

USDCAD 5M
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  • #1,416
  • Jun 23, 2017 6:14am Jun 23, 2017 6:14am
AUDUSD 5M
buy chance on BRL
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  • #1,417
  • Jun 23, 2017 8:51am Jun 23, 2017 8:51am
A novice question. I feel folks on this thread are best positioned to answer it.
How do you differentiate between Compression and staggered supply ( or demand). Both seem to be slow price movement in a channel ( big or small)?

Sam
  • #1,418
  • Jun 23, 2017 11:11am Jun 23, 2017 11:11am
Hello guys, away from charts today. Will respond to all posts before Sunday open. Cheers
  • #1,419
  • Edited 10:26am Jun 24, 2017 10:15am | Edited 10:26am
Quoting tradersam786
A novice question. I feel folks on this thread are best positioned to answer it. How do you differentiate between Compression and staggered supply ( or demand). Both seem to be slow price movement in a channel ( big or small)? Sam
It's a good question. Both instances can and often do slow price movement as you've noted. The main distinction for me lies in whether or not the market has tested the zone. The test will often manifest as pins into demand (or supply) - those blue lines on the second chart. If this occurs I would consider the demand zone to at least now be support (a kind of weakened demand if you will), that will potentially hold price up again but may give way altogether. If that pattern occurs as price generally moves up, I would consider it "compression".

Context is important too, i.e. is the PA a retrace after prior support has been broken? etc etc

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  • #1,420
  • Jun 24, 2017 10:32am Jun 24, 2017 10:32am
Quoting shs0404
Is that the full cycle sell USDCAD 5M {image}
Not sure what you mean?
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