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C-12's Supply, Demand and PA thread

  • #5,621
  • Nov 1, 2017 1:38pm Nov 1, 2017 1:38pm
Quoting C-12
I'm all in on this head and shoulders pattern.
That M15 low remained intact UJ so could be interesting
  • #5,622
  • Nov 1, 2017 1:42pm Nov 1, 2017 1:42pm
Quoting simond2002
{quote} That M15 low remained intact UJ so could be interesting
Surely this daily UJ supply is going to crack sooner or later, we've been up here too many times..

Yesterday's daily reverse PA was interesting.
  • #5,623
  • Nov 1, 2017 3:01pm Nov 1, 2017 3:01pm
Oh well, that was a bit of a stinker. Was hoping for better on UJ.. Caught the H4 engulf with entry on M30 and was thinking we might blow out those highs. Worth holding one.

No interest in shorting this zone against Daily / H4 PA..

Plently of niggly losses again shorting EU though (and cutting too fast) but still in a couple. toughest LTF trading conditions i've seen in a while on that pair...
Attached Image (click to enlarge)
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  • #5,624
  • Nov 1, 2017 3:28pm Nov 1, 2017 3:28pm
Shorted UJ based on PA off of the tap of 114.22 discussed here

Grizzly PA, may grind down, may not. 2R would be nice on that first position but the market will decide.

Attached Image (click to enlarge)
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  • #5,625
  • Nov 1, 2017 3:42pm Nov 1, 2017 3:42pm
Quoting simond2002
Shorted UJ based on PA off of the tap of 114.22 discussed here Grizzly PA, may grind down, may not. 2R would be nice on that first position but the market will decide. {image}
It does look good on all TF's from H1 downwards. Although it's a pass for me purely based the Daily / H4 PA and the time of night.

If it turns out nicely it does have plenty of room to run.
  • #5,626
  • Nov 1, 2017 11:56pm Nov 1, 2017 11:56pm
Quoting C-12
{quote} It does look good on all TF's from H1 downwards. Although it's a pass for me purely based the Daily / H4 PA and the time of night. If it turns out nicely it does have plenty of room to run.
Hi C12,
Is it possible to post your top down analysis on UJ ( with chart) please ..
Don't Predict Just React..
  • #5,627
  • Nov 2, 2017 2:45am Nov 2, 2017 2:45am
Quoting simond2002
Shorted UJ based on PA off of the tap of 114.22 discussed here Grizzly PA, may grind down, may not. 2R would be nice on that first position but the market will decide. {image}
Took a few stop order entries overnight. 2 x scaled out, 1 x running but that's getting close to being hit.

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  • #5,628
  • Edited 3:59am Nov 2, 2017 3:48am | Edited 3:59am
Quoting Nbr42
{quote} Hi C12, Is it possible to post your top down analysis on UJ ( with chart) please ..
Sure. Hope you've got a big monitor or happy to scroll through.

Weekly - We had a big bull engulfing with fresh demand formed in August sending price up trending back into midzone supply (3rd test). It's often that very big moves are launched off these sorts of candles.

This is now right up against a big weekly trend-line resistance area.

Daily - Initial rejection of Daily supply but then engulfed back up. This maybe the confirmation that supply is going to be taken out imminently.

H4 - Same as daily.

My analysis is it's probably heading up but it's at a major resistance area right here.
Attached Image (click to enlarge)
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  • #5,629
  • Nov 2, 2017 3:49am Nov 2, 2017 3:49am
Quoting simond2002
{quote} Took a few stop order entries overnight. 2 x scaled out, 1 x running but that's getting close to being hit. {image}
Nice work Simon. Hopefully you got some sleep last night.
  • #5,630
  • Nov 2, 2017 4:10am Nov 2, 2017 4:10am
Quoting C-12
{quote} Nice work Simon. Hopefully you got some sleep last night.
Yea all good - getting at least 3 hours per week these days

I wanted to ask - re the 4K monitor, took a look at Dell's version but it seems very expensive for what it is.
Do you know of anything a bit more competitively priced? Would need to have built in speakers..
  • #5,631
  • Nov 2, 2017 4:23am Nov 2, 2017 4:23am
Quoting simond2002
{quote} Yea all good - getting at least 3 hours per week these days I wanted to ask - re the 4K monitor, took a look at Dell's version but it seems very expensive for what it is. Do you know of anything a bit more competitively priced? Would need to have built in speakers..
Hello Simon,

I have 2 Asus PB287Q. It comes with built in speakers. 28"

1 year ago I got them at 450 eur/one ...now they cost 400 here in Greece....

Samsung has a cheaper one too...~330 eur

What timezone are you looking for?
  • #5,632
  • Nov 2, 2017 4:24am Nov 2, 2017 4:24am
Quoting simond2002
{quote} Yea all good - getting at least 3 hours per week these days I wanted to ask - re the 4K monitor, took a look at Dell's version but it seems very expensive for what it is. Do you know of anything a bit more competitively priced? Would need to have built in speakers..
I think you would probably want a big un. I like the look of the LG43 inch one that came out a few months ago - LG 43UD79-B

You can do all kinds of stuff with it, multi way way split screen, multiple inputs. It is effectively the same size as 4 x 21 inch HD screens and the price is around £650 - £700. It might be too big so you best measure up.

To be honest I might just stick with these 4 x 23 inch HD monitors. I can just drag MT4 across all screens to get the same effect as 4K.

The gaps in the middle of the charts is annoying though but that's really a first world problem.
  • #5,633
  • Nov 2, 2017 4:41am Nov 2, 2017 4:41am
Quoting timos
What timezone are you looking for?
Hi tim,

Looking for GMT, London basically
  • #5,634
  • Nov 2, 2017 4:42am Nov 2, 2017 4:42am
Quoting C-12
LG 43UD79-B
Cheers, that one looks pretty good. Will take a trip to PC World at lunch time. Missus isn't going to be happy...
  • #5,635
  • Nov 2, 2017 5:15am Nov 2, 2017 5:15am
Quoting simond2002
{quote} Hi tim, Looking for GMT, London basically
Damn Forex
I meant price zone
  • #5,636
  • Nov 2, 2017 5:35am Nov 2, 2017 5:35am
Quoting timos
{quote} Damn Forex I meant price zone
Haha



About 500-600 quid
  • #5,637
  • Nov 2, 2017 5:54am Nov 2, 2017 5:54am
Quoting C-12
{quote} That's the main thing. I believe red blew up some fund account and then disappeared is what I heard. Second hand info though... Bit odd he vanished just after Christmas in 2011. This is a friggin dismal FOMC by the way... But like my dollar bull prediction is coming good I'm all in on this head and shoulders pattern.
Really? These are quite disappointing news for me. I thought he was a rock-solid trader.
  • #5,638
  • Nov 2, 2017 6:27am Nov 2, 2017 6:27am
Quoting simond2002
{quote} Haha About 500-600 quid
Add 100 more quids and get 2 Asus PB287Q
  • #5,639
  • Nov 2, 2017 6:32am Nov 2, 2017 6:32am
Quoting MCFly
{quote} Really? These are quite disappointing news for me. I thought he was a rock-solid trader.
The guys was reckless by all accounts. If you read through his thread he had some major anger issues going on. He was the guy who started the whole double your account in a day thing..

He did bring something fresh to the table in terms of trading PA with S&D. his thread is a treasure trove of information.

Emene and the man who shall not be named knew him pretty well.
  • #5,640
  • Nov 2, 2017 6:53am Nov 2, 2017 6:53am
Quoting timos
{quote} Add 100 more quids and get 2 Asus PB287Q
Cheers I'll take a look
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