C-12's Supply, Demand and PA thread | Page 283 | Forex Factory

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C-12's Supply, Demand and PA thread

  • #5,641
  • Nov 2, 2017 5:06am Nov 2, 2017 5:06am
Good setup on GU just then. Daily and H4 supply. M30 PA.

I guess you could call it a HHLL kind of thing...

GU pulls the same cheap stunt every time there's a news event. Always a swing high that gets taken out and a supply zone hiding above it.
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  • #5,642
  • Nov 2, 2017 5:26am Nov 2, 2017 5:26am
Quoting C-12
{quote} 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.
I think the best thing red did was highlight the idea of introducing reverse whipsaw confirmation criteria into Sam Seiden's "just wrap a pair of lines around the level and leave a limit order" approach. Adding that criteria immediately banishes at least half of those silly losses that occur by flinging limit orders at what look like decent zones but are actually just market wiggle often contra-trend by the time price hits.

The man who shall not be named (Ken basically lol) was the first person I saw who discussed the idea of trading into the market as the new zones are setting up. It makes total sense and is another string to the bow but I think the issue with it, especially when using supdem, is that the charts look very clear in hindsight but totally confused and confusing at the time of entry because all the opposing zones will still be intact. That's where a good book or even Internet read on basic support/resistance theory comes in handy. If I remember rightly, there were some excellent free articles on FXStreet a few years back.
  • #5,643
  • Edited 5:51am Nov 2, 2017 5:32am | Edited 5:51am
Quoting simond2002
{quote} The man who shall not be named (Ken basically lol) was the first person I saw who discussed the idea of trading into the market as the new zones are setting up. It makes total sense and is another string to the bow but I think the issue with it, especially when using supdem, is that the charts look very clear in hindsight but totally confused and confusing at the time of entry because all the opposing zones will still be intact.
This is why I can only trade with at least two time frames stacked next to each other. It's usually H4 and I'm finding M30 is pretty solid for the lower timeframe entry.

The higher TF chart acts as the filter for all those annoying opposing M30 / H1 midzones. It's a pretty good combo. You can also drop in M5 as the 3rd chart if more scalps are needed and use profiles to flick through the pairs.

I guess if just trading zone reversals then you can probably just stick to one time frame. With PA trading (or fresh zones in the direction) then definitely H4 is needed fully in view I think.

S/R is definitely helpful and I always keep eyes out for flip levels.
  • #5,644
  • Nov 2, 2017 5:57am Nov 2, 2017 5:57am
EU is currently out of sync with DX. I was expecting we'd have seen some action by now.

Looks like it's all being bottled up for NFP tomorrow..
  • #5,645
  • Nov 2, 2017 10:24am Nov 2, 2017 10:24am
Quoting simond2002
{quote} Cheers, that one looks pretty good. Will take a trip to PC World at lunch time. Missus isn't going to be happy...
Its an essential business expense!
  • #5,646
  • Nov 2, 2017 10:29am Nov 2, 2017 10:29am
Quoting Swamipips
{quote} Its an essential business expense!
It's what I told her but she just rolled her eyes. Frightening.
  • #5,647
  • Nov 2, 2017 10:34am Nov 2, 2017 10:34am
Quoting simond2002
{quote} It's what I told her but she just rolled her eyes. Frightening.
Ouch, the silent treatment hits hard, lol
  • #5,648
  • Nov 2, 2017 10:43am Nov 2, 2017 10:43am
Trading is the worst possible career for having a relationship... I've blown a few up over the years. It's intensive, stressful and addictive.

Swing trading is worse since you can never switch off from it.... or sleep.
  • #5,649
  • Nov 2, 2017 10:53am Nov 2, 2017 10:53am
Quoting C-12
Trading is the worst possible career for having a relationship... I've blown a few up over the years. It's intensive, stressful and addictive. Swing trading is worse since you can never switch off from it.... or sleep.
Accounts or relationships

Been there too and now found equilibrium to a degree. Ultimately there’s lots more to life than trading. Great G/U trade btw
  • #5,650
  • Nov 2, 2017 10:53am Nov 2, 2017 10:53am
As for the practice swing account, managed to get a few bits going. EG was a great setup on H4 and M30 PA.

GU as above on scalp account but without the above premature exits.
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  • #5,651
  • Edited 4:05pm Nov 2, 2017 11:11am | Edited 4:05pm
Quoting Swamipips
{quote} Accounts or relationships Been there too and now found equilibrium to a degree. Ultimately there’s lots more to life than trading. Great G/U trade btw
Cheers, although not a great day overall on the spread bet scalp account.. Lots of pointless loss on EU again.
  • #5,652
  • Nov 2, 2017 11:18am Nov 2, 2017 11:18am
There was also a great zone on GCAD but needed a good scroll back. The PA was all there as well.
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  • #5,653
  • Nov 2, 2017 11:20am Nov 2, 2017 11:20am
And geppy. This one should have further to go looking at daily.
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  • #5,654
  • Nov 2, 2017 5:59pm Nov 2, 2017 5:59pm
My first homerun trade.
Took the same trade as C-12#5650.
Thank you, C-12 and all.

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  • #5,655
  • Nov 3, 2017 5:23am Nov 3, 2017 5:23am
Quoting Mallow
My first homerun trade. Took the same trade as C-12#5650. Thank you, C-12 and all. {image}
Great trade
  • #5,656
  • Nov 3, 2017 5:29am Nov 3, 2017 5:29am
Quoting Mallow
My first homerun trade. Took the same trade as C-12#5650. Thank you, C-12 and all. {image}

Very nice! I see the 1 hr chart... what timeframe chart did you use to base the target on though? I’ve always been a scalper and I would have gotten out at one of those earlier supply level on the way back up. I’m trying to practice holding onto trades longer...
  • #5,657
  • Nov 3, 2017 6:13am Nov 3, 2017 6:13am
Quoting jack411
{quote} Very nice! I see the 1 hr chart... what timeframe chart did you use to base the target on though? I’ve always been a scalper and I would have gotten out at one of those earlier supply level on the way back up. I’m trying to practice holding onto trades longer...
Basically I did the same thing as #5605 GBPUSD trade took by C12.
The post helped me a lot.

Price got rejected by D1 zone and new H4 zone created. (direction aligned)
Then I went to LTF and took the trade. The target is opposite D1 zone.
From D1 zone to D1 zone.
  • #5,658
  • Nov 3, 2017 9:29am Nov 3, 2017 9:29am
Some food for thought on the quidsey H/L stuff.

Dragon H4:

Break of trend PA has already printed. On current SD basis that would suggest starting to look for shorts around 151.15. Having said that it's going to be a while before price gets back up there.

If this current H4 LL breaks down further then 148.00 looks like a reasonable first target. Will watch M15 for any clues.

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  • #5,659
  • Nov 3, 2017 10:51am Nov 3, 2017 10:51am
Quoting C-12
I'd be surprised if the dollar doesn't rally after a bit of a pullback into that S/R area.{image}
Looks like we got there a few days later than expected..
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  • #5,660
  • Nov 3, 2017 11:16am Nov 3, 2017 11:16am
USDJPY on M15 (zone trade) and M30 from PA. couple of different methods to get the same job done.
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