{quote} Hi C12, I have a difference view of Euro ... {image} {image} Still Bullish my view more up side movement thru resistance, may be, i'm wrong ...
Got some GU though. Very good week..
C-12's Supply, Demand and PA thread
- #5,361
- Edited 11:35am Sep 22, 2017 10:21am | Edited 11:35am
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
Got some GU though. Very good week..
- #5,362
- Sep 22, 2017 1:37pm Sep 22, 2017 1:37pm
{quote} gotcha, thanks for the chart and the explanation! I think you were right. I wouldn't be surprised to see us push up a little early tomorrow, then back down for the rest of the day. We will see...
This is what I have for the Euro (6E actually). We did push up towards the supply this morning (morning for me at least) and have been headed back down since. My 15 min and hourly zones weren't quite hit though :/ but obvious rejection with the long wicks and double top.
- #5,363
- Sep 22, 2017 1:44pm Sep 22, 2017 1:44pm
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
{quote} This is what I have for the Euro (6E actually). We did push up towards the supply this morning (morning for me at least) and have been headed back down since. My 15 min and hourly zones weren't quite hit though :/ but obvious rejection with the long wicks and double top. {image}
If I was at the PC at the NY open then this would have been on the menu for a late Friday scalp.
- #5,365
- Sep 24, 2017 8:26pm Sep 24, 2017 8:26pm
{quote} Yeah it was a good setup, H4 zone and I think cleanest on M30. If I was at the PC at the NY open then this would have been on the menu for a late Friday scalp.
have you found a correlation of zones being more reliable if they're 100% fresh - such as - the 4hr hasn't been tested, neither has the 1hr, the 15min, or the 5min?
For example right now there's a 1 hour zone that's fresh and untested on the NQ but on the 30 and 15 it's already been tested with an immediate pullback that happened earlier after the initial move. In your mind, is this less of a chance to succeed or do you think it makes a difference?
- #5,366
- Sep 25, 2017 10:37am Sep 25, 2017 10:37am
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
{quote} C have you found a correlation of zones being more reliable if they're 100% fresh - such as - the 4hr hasn't been tested, neither has the 1hr, the 15min, or the 5min? For example right now there's a 1 hour zone that's fresh and untested on the NQ but on the 30 and 15 it's already been tested with an immediate pullback that happened earlier after the initial move. In your mind, is this less of a chance to succeed or do you think it makes a difference?
The higher TF levels that have nested fresh LTF zones inside are usually the ones that make good limit order trades.
The only issue is price can sometimes turn early (at the base of the H4/H1 zone) and don't always get as far in as the M15/M5 source.
- #5,369
- Sep 25, 2017 12:44pm Sep 25, 2017 12:44pm
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
nailed the gap on EU.... {image}
Just scalped GU.. now to call it a day and see what's on tomorrow's menu.
- #5,376
- Sep 26, 2017 9:32am Sep 26, 2017 9:32am
- Joined May 2010 | Status: Trader | 2,693 Posts
GU M30 ...
- #5,378
- Sep 27, 2017 1:17am Sep 27, 2017 1:17am
- Joined Jun 2016 | Status: Trader | 2,402 Posts
Be a spectator, not a player
- #5,379
- Sep 27, 2017 6:19am Sep 27, 2017 6:19am
- Joined May 2010 | Status: Trader | 2,693 Posts
Today UJ H1 ....
