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C-12's Supply, Demand and PA thread

  • #5,661
  • Nov 3, 2017 1:57pm Nov 3, 2017 1:57pm
C12, how are you qualifying your zones, are you only trading in the direction of the h4 pa for those lower timeframe zones?
  • #5,662
  • Nov 3, 2017 2:17pm Nov 3, 2017 2:17pm
Quoting Swamipips
C12, how are you qualifying your zones, are you only trading in the direction of the h4 pa for those lower timeframe zones?
Yeah I guess the idea is to stick with the Daily / H4 direction to maximise the potential of the position.

Although you can take quick counter trend entries with zone trades if you're happy with the RR. I find that counter tend offers way more entries than with trend for some reason but they are riskier.
  • #5,663
  • Nov 5, 2017 6:19pm Nov 5, 2017 6:19pm
CL daily levels. Nice pop above previous R and back test and zone formation. looks ready to tag the next S/R level around 57
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  • #5,664
  • Nov 5, 2017 8:26pm Nov 5, 2017 8:26pm
Quoting tintin1
CL daily levels. Nice pop above previous R and back test and zone formation. looks ready to tag the next S/R level around 57 {image}
With all the time price spent bouncing around that 60 level in the last before the big drop down, is 60 area considered major supply or will price blow through it?

My my first thoughts would be major supply, but I’m still unsure on how to determine when supply or demand has been churned through enough to where it’s all gone and no longer considered a level
  • #5,665
  • Nov 6, 2017 3:52am Nov 6, 2017 3:52am
After the break of daily h&s neckline a retracement was in order,we are currently in it,took a long time and it was very shallow which might mean that the next leg down is coming soon...
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  • #5,666
  • Nov 6, 2017 6:01am Nov 6, 2017 6:01am
Morning C-,
I have a "trend" question. To trade on lower TF, which trend do you see here?
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I see many situation like this, where 1 TF exit from a supply, while other 2 are leaving demand zone. How would you trade?
  • #5,667
  • Nov 6, 2017 10:05am Nov 6, 2017 10:05am
Quoting jack411
{quote} With all the time price spent bouncing around that 60 level in the last before the big drop down, is 60 area considered major supply or will price blow through it? My my first thoughts would be major supply, but I’m still unsure on how to determine when supply or demand has been churned through enough to where it’s all gone and no longer considered a level
I think rather than dwell on whether it is going to hold or not, I'll wait for it to break and form a zone via retest to go long or wait for it to breakdown at supply and form a zone to short( i think that's what C-12 also doing , I may be wrong)
  • #5,668
  • Nov 6, 2017 11:31am Nov 6, 2017 11:31am
Quoting sanmiguell
Morning C-, I have a "trend" question. To trade on lower TF, which trend do you see here? {image} {image} {image} I see many situation like this, where 1 TF exit from a supply, while other 2 are leaving demand zone. How would you trade?
I see an uptrend with a decent looking supply on the Daily and H4 charts. Nothing to do on this pair at this moment. If we get up there it could be a nice short up at the top.
  • #5,669
  • Nov 6, 2017 11:33am Nov 6, 2017 11:33am
Quoting madboy
After the break of daily h&s neckline a retracement was in order,we are currently in it,took a long time and it was very shallow which might mean that the next leg down is coming soon... {image}
Very nice. Charts like this make me want to quit my job and be a full time EU scalper again!
  • #5,670
  • Nov 6, 2017 11:58am Nov 6, 2017 11:58am
Quoting C-12
{quote} I see an uptrend with a decent looking supply on the Daily and H4 charts. Nothing to do on this pair at this moment. If we get up there it could be a nice short up at the top.
If i well understand, despite we are in uptrend in H1 and H4 (looking for supply), you won't take any trade because of D1 downtrend beginning (looking for demand)? Right?
  • #5,671
  • Nov 6, 2017 12:07pm Nov 6, 2017 12:07pm
Quoting sanmiguell
{quote} If i well understand, despite we are in uptrend in H1 and H4 (looking for supply), you won't take any trade because of D1 downtrend beginning (looking for demand)? Right?
Yeah, I think so, I would be interested to see if price retraces to this fresh supply higher up.

If you're looking for buys here, just that solid looking daily supply level alone means it doesn't really offer a good RR. Also we've not reach any significant demand here to buy against.

I'd keep this pair on the radar and see what happens if we get back up to the D1/H4 sup zone.
  • #5,672
  • Nov 6, 2017 11:34pm Nov 6, 2017 11:34pm
so you change the title of your thread big C....i can not find this thread for a long time..
  • #5,673
  • Nov 6, 2017 11:51pm Nov 6, 2017 11:51pm
big C please correct me if i m wrong.
some supply or demand in long timeframe will break the small supply or demand. so the small supply or demand will change to demand or supply.
  • #5,674
  • Nov 7, 2017 12:04am Nov 7, 2017 12:04am
and i think this pricple don;t support XAUUSD isn't it?
  • #5,675
  • Nov 7, 2017 8:33am Nov 7, 2017 8:33am
Quoting C-12
{quote} Very nice. Charts like this make me want to quit my job and be a full time EU scalper again!
This really looks like the one who shall not be named is trading. His win-loss-ratio would be interesting.
  • #5,676
  • Nov 7, 2017 8:40am Nov 7, 2017 8:40am
I'm waiting for a EU down continuation. Maybe it will last until Yellen speaks tonight.
  • #5,677
  • Nov 7, 2017 11:31am Nov 7, 2017 11:31am
Quoting MCFly
{quote} This really looks like the one who shall not be named is trading. His win-loss-ratio would be interesting.
Not sure about the nameless one, but I know what my win loss ratio was when heavy scalping EU with full attention.

I was averaging about 40% winners against 60% losers on a week by week basis.

All the losers were small (5-6 pips on average) and the winners were usually around 20-40 pips on average). Some days I'd completely smash it out of the park and some days were just a grind fest.

The key was not letting the accumulation of losers cause any issues on the psychology side. I was a bit of a gunslinger so I think his win rate would have been miles better.

Unfortunately not a style you can do around a full time job.
  • #5,678
  • Nov 7, 2017 11:35am Nov 7, 2017 11:35am
Quoting MCFly
I'm waiting for a EU down continuation. Maybe it will last until Yellen speaks tonight.
Same thinking for me, was surprised we've bounce so much today after a bit of a false breakout. DX looks good for more up.

I can see the potential for another run back up to those recent highs (and possibly higher) to shake out some breakout traders. There's still an untested M15 zone just above and a great liquidity area.
  • #5,679
  • Nov 7, 2017 2:34pm Nov 7, 2017 2:34pm
Quoting C-12
{quote} Not sure about the nameless one, but I know what my win loss ratio was when heavy scalping EU with full attention. I was averaging about 40% winners against 60% losers on a week by week basis. All the losers were small (5-6 pips on average) and the winners were usually around 20-40 pips on average). Some days I'd completely smash it out of the park and some days were just a grind fest. The key was not letting the accumulation of losers cause any issues on the psychology side. I was a bit of a gunslinger so I think his win rate would have...
Like you do it now is definitely more healthy and I bet your equity curve doesn't look like Bart Simpson anymore.
  • #5,680
  • Nov 7, 2017 3:09pm Nov 7, 2017 3:09pm
Quoting MCFly
{quote} Like you do it now is definitely more healthy and I bet your equity curve doesn't look like Bart Simpson anymore.
I've actually pulled the plug on the live scalping account for a bit.

I'm playing around with swings currently (weekly, daily and H4). These trades take time to play out, so will post up when we get some action.

Not a great start over the last couple of weeks since most pairs are right in the middle of trends and stuck in a range. Had a few trigger happy entries but I've mostly been sat on my hands.. but things will get moving soon enough

Plus I can work all day without constantly being remoting back to my home PC!
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