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PWT Reboot - Supply/Demand analysis and trading

  • #61
  • Nov 6, 2017 6:59am Nov 6, 2017 6:59am
Quoting simond2002
Few running GJ. Bought this one in the weeds of that flag this morning (before it had printed as a flag). First opportunity to move the stop has only just occurred. Could come straight back into the rough. Will see. {image}
Already stopped out at b/e. 2017 has been strange GJ. The only technical setups that have actually followed through have been on D1. Very odd year with this pair.
  • #62
  • Nov 9, 2017 5:51am Nov 9, 2017 5:51am
Couple of Oz. This thing is whipping around like a lunatic. Letc if t/p 1 hits.

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  • #63
  • Nov 9, 2017 7:59am Nov 9, 2017 7:59am
Some UJ locked and running. Been interested in higher prices hence the limit sell at top. Letc how it goes...

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  • #64
  • Nov 9, 2017 9:05am Nov 9, 2017 9:05am
only on FF. lol

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  • #65
  • Nov 9, 2017 9:34am Nov 9, 2017 9:34am
PoundSwizz. Haven't traded this sucker for about 5 years.

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  • #66
  • Nov 9, 2017 9:36am Nov 9, 2017 9:36am
UJ's trying for the H1 bottom. I probably won't trade this but it's worth a watch.

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  • #67
  • Nov 9, 2017 9:46am Nov 9, 2017 9:46am
stopped @ B/E Oz on H1/M30. Held it for 26 hours. It's not an efficient way of trading. Never thought I'd say it, but I'm happiest on M5.

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  • #68
  • Nov 9, 2017 10:15am Nov 9, 2017 10:15am
Quoting simond2002
PoundSwizz. Haven't traded this sucker for about 5 years. {image}
It's why I stopped trading this douche bag . Won't go bust on a sequence of 1Rs.

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  • #69
  • Nov 9, 2017 11:00am Nov 9, 2017 11:00am
Quoting simond2002
stopped @ B/E Oz on H1/M30. Held it for 26 hours. It's not an efficient way of trading. Never thought I'd say it, but I'm happiest on M5. {image}
I took a similar entry, same exit and expected more as well.. It was a good trade in my eyes. I didn't see the bull move at all.

Looking at the other USD crosses I can see why Aussie couldn't offer a great deal of downside momentum today.
  • #70
  • Nov 9, 2017 11:50am Nov 9, 2017 11:50am
Quoting C-12
{quote} I took a similar entry, same exit and expected more as well.. It was a good trade in my eyes. I didn't see the bull move at all. Looking at the other USD crosses I can see why Aussie couldn't offer a great deal of downside momentum today.
Looks like the Daily's been cushioning against the final drop to 0.7600. Having said that, M5 was lovely, bags of RR and in and out during a single session.
  • #71
  • Nov 9, 2017 11:58am Nov 9, 2017 11:58am
Quoting simond2002
{quote} Looks like the Daily's been cushioning against the final drop to 0.7600. Having said that, M5 was lovely, bags of RR and in and out during a single session.
Yeah there was a cracker of an M5 zone inside the M15 level. Both were good for a 3:1 RR so my bad for a break even then...
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  • #72
  • Nov 9, 2017 12:12pm Nov 9, 2017 12:12pm
Quoting simond2002
{quote} Looks like the Daily's been cushioning against the final drop to 0.7600. Having said that, M5 was lovely, bags of RR and in and out during a single session.
Au is in a weekly demand zone and showing accumulation on the daily/h4?
  • #73
  • Nov 9, 2017 1:14pm Nov 9, 2017 1:14pm
Quoting Swamipips
{quote} Au is in a weekly demand zone and showing accumulation on the daily/h4?
Potential sell-off yesterday on H1/M30 seemed to want to target D1:

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H1 chart - we had a fresh supply zone that created a new low and price spent 7th November trading back up to test it. On test I sold a bit of bearish PA with original stop above the zone:

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  • #74
  • Nov 13, 2017 9:42am Nov 13, 2017 9:42am
Probably a good time to start buying euro.

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  • #75
  • Nov 13, 2017 10:12am Nov 13, 2017 10:12am
Quoting simond2002
Probably a good time to start buying euro. {image}
I would guess most of the shorters were either in under the head and shoulders pattern, or were shorting weeks ago during the entire rally and are still underwater.

It will be interesting to see how price reacts at 1.17 (just above that last NFP swing high).
  • #76
  • Nov 13, 2017 10:17am Nov 13, 2017 10:17am
Quoting C-12
{quote} I would guess most of the shorters were either in under the head and shoulders pattern, or were shorting weeks ago during the entire rally and are still underwater. It will be interesting to see how price reacts at 1.17 (just above that last NFP swing high).
The issue I've had with that H/S is that it has no context to it - just a big wobbly chart pattern.

The recent tap off of that Daily level from July looks interesting. Printed fresh Daily demand. Letc...
  • #77
  • Nov 13, 2017 11:30am Nov 13, 2017 11:30am
Quoting simond2002
{quote} The issue I've had with that H/S is that it has no context to it - just a big wobbly chart pattern. The recent tap off of that Daily level from July looks interesting. Printed fresh Daily demand. Letc...
Yeah, it could be a fresh daily demand and a resumption of the uptrend. I'm really not sure. If we take out 1.17 convincingly then it's game on.

Let's see what 1.17 brings. This is a massive liquidity area plus an untested M15 supply zone.
  • #78
  • Nov 14, 2017 1:02am Nov 14, 2017 1:02am
Quoting simond2002
Probably a good time to start buying euro. {image}
4 x positions locked.

First 3 x T/Ps are based on structure to the left. Leaving last to run in event that euro prints the large contextual H/S.

Still happy to sell this intraday M5 if anything sets up.

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  • #79
  • Nov 14, 2017 2:15am Nov 14, 2017 2:15am
Quoting simond2002
{quote} 4 x positions locked.
Cut 1 x loose. Those T/Ps were set for overnight and the eventuality of spikes etc. Price has stalled here intraday. Most important thing is to get the first portion out @2R, which is now done for 50 pips. Good enough.
  • #80
  • Nov 14, 2017 6:05am Nov 14, 2017 6:05am
Quoting simond2002
Probably a good time to start buying euro. {image}
Expanded 2 x stops @ +45 each. Remaining stop is at b/e.

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