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C-12's Supply, Demand and PA thread

  • #5,841
  • Dec 7, 2017 1:01pm Dec 7, 2017 1:01pm
Out of the 2nd buy on UJ and will let the upper close out at BE if it happens.

Winding trades down for the weekend, NFP up tomorrow.
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  • #5,842
  • Dec 7, 2017 1:08pm Dec 7, 2017 1:08pm
Quoting Irad
{quote} I've been caught on some losers there too, maybe it's time to think short regards the daily engulfing south?? {image}
Maybe, but there's nothing for me to do on this pair right now.. It's Friday tomorrow and will be a volatile on in the afternoon.
  • #5,843
  • Dec 7, 2017 1:15pm Dec 7, 2017 1:15pm
Had enough of this one as well.
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  • #5,844
  • Dec 7, 2017 2:45pm Dec 7, 2017 2:45pm
I'll be sitting on the sidelines till Monday.

Have a good weekend all.

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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #5,845
  • Dec 8, 2017 1:47am Dec 8, 2017 1:47am
Quoting Rufus
I'll be sitting on the sidelines till Monday. Have a good weekend all. {image}
Should be a fun day today. EU now sitting in D1 demand. This looks like the last stand on the medium term uptrend.

DX in D1/H4 supply. I'd be surprised if EU doesn't catch something of a bounce around here.
  • #5,846
  • Dec 8, 2017 8:15am Dec 8, 2017 8:15am
and maybe now...
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  • #5,847
  • Dec 8, 2017 10:18am Dec 8, 2017 10:18am
Quoting Rufus
I'll be sitting on the sidelines till Monday. Have a good weekend all. {image}

The problem for me is that I live on the other side of the pond. So when I get up NFP is looming on the horizon. If I do trade around NFP usually let the release happen then try to pick up from the spoils of the aftermath.


Quoting C-12
{quote} Should be a fun day today. EU now sitting in D1 demand. This looks like the last stand on the medium term uptrend. DX in D1/H4 supply. I'd be surprised if EU doesn't catch something of a bounce around here.

I lied a little....


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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #5,848
  • Edited 11:10am Dec 8, 2017 10:59am | Edited 11:10am
Not sure what to make of EUR action right now. I'm thinking we've got a little room to go up and test 4hr supply. Looks like were consolidating for the time being though...

Anybody have a different take?

* looking at the daily I think that we may bounce a little higher off this daily demand level today ,but then continue back down to test the next demand level next week.
  • #5,849
  • Edited 2:43pm Dec 8, 2017 2:20pm | Edited 2:43pm
Quoting jack411
Not sure what to make of EUR action right now. I'm thinking we've got a little room to go up and test 4hr supply. Looks like were consolidating for the time being though... Anybody have a different take? * looking at the daily I think that we may bounce a little higher off this daily demand level today ,but then continue back down to test the next demand level next week.
We've reached a D1 demand zone (within a weekly / monthly TF uprend) The H4 chart has engulfed off the zone.

I've no idea where things are heading since we can never predict the future but I'm long from today's low and will see what PA brings.

Stop below daily zone.

If it rolls over and wants to take out zone, then PA will provide a heads up.
  • #5,850
  • Dec 8, 2017 2:30pm Dec 8, 2017 2:30pm
M5 chart... pretty messy overall.

Lots of opportunity for quick nimble scalps though.. Lots of opportunity to get tied up in knots.

I very rarely look at M5 these days even though it used to be my bread and butter chart..
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  • #5,851
  • Edited 2:43pm Dec 8, 2017 2:32pm | Edited 2:43pm
Switch to EU D1. Pretty straight forward S&D / PA kind of stuff.

The reason for premature exits on the upper sells was due to analysing the lower timeframe charts. Something to think about going into next week.
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  • #5,852
  • Dec 8, 2017 5:03pm Dec 8, 2017 5:03pm
Quoting Rufus
From yesterday. {image} {image} Todays conquest {image} Off to work...
I quoted the wrong post before haha...

what is meant by the engulfing in this chart??
  • #5,853
  • Dec 8, 2017 6:24pm Dec 8, 2017 6:24pm
Quoting TrendRider86
{quote} I quoted the wrong post before haha... what is meant by the engulfing in this chart??

I will work on this over the weekend sometime. Helping my daughter with her house.

It is kinda my bread and butter trade.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #5,854
  • Dec 10, 2017 2:52am Dec 10, 2017 2:52am
Quoting Rufus
{quote} I will work on this over the weekend sometime. Helping my daughter with her house. It is kinda my bread and butter trade.
Whenever you have time! I'm reading Bigwal's posts on the subject in the Price is action thread but I still haven't been able to grasp it.
  • #5,855
  • Edited 4:42pm Dec 10, 2017 4:16pm | Edited 4:42pm
Quoting Irad
and maybe now... {image}
We've got a H1 supply zone on AU with a bit of room now until D1 demand. Best not to pick bottoms until we get a solid demand base established.

We do have DX in sup here though and FOMC up on weds.
  • #5,856
  • Dec 11, 2017 11:23pm Dec 11, 2017 11:23pm
hi big-C
longtimeｎｏｓｅｅ

can i know your win ratio?
  • #5,857
  • Dec 12, 2017 3:10am Dec 12, 2017 3:10am
Kinda miss the old style of this thread, when 5m chart was HTF
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  • #5,858
  • Dec 12, 2017 3:28am Dec 12, 2017 3:28am
Quoting Irad
Kinda miss the old style of this thread, when 5m chart was HTF {image} {image}
another quick one
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  • #5,859
  • Edited 12:59pm Dec 12, 2017 12:49pm | Edited 12:59pm
Quoting Irad
Kinda miss the old style of this thread, when 5m chart was HTF {image} {image}
Yes, you may find that low timeframe scalps suit better. I definitely preferred M5 / M15 scalps when intraday trading.

It also has other advantages where overnight or weekend holds are often not required. Have a play around with it and see what you prefer.

I've barely had time to look at a chart this week due to heavy work commitments. I notice my EU long hit break even... Would have been an easy play to short the PA off the upper zone if day trading.

Set n forget doesn't do it for me. I need to be active and monitoring to play my edge.
  • #5,860
  • Dec 12, 2017 12:52pm Dec 12, 2017 12:52pm
DX and EU intraday chart. You can see the earlier short setup played out on both charts.
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