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PWT Reboot - Supply/Demand analysis and trading

  • #141
  • Dec 5, 2017 2:10am Dec 5, 2017 2:10am
Quoting simond2002
UJ, first off, couple more in the pipeline. {image}
2nd position was nicked out just before I came to the charts this morning. Ordinarily I would've managed this one manually once PA produced that minor double-bottom. Not possible to be here all the time though. One still running. Letc...

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  • #142
  • Dec 5, 2017 2:35am Dec 5, 2017 2:35am
Quoting simond2002
Sharing a couple of MT4 tips that can help one develop an understanding of the market's rhythm more speedily. NB: I used to conduct this kind of visualisation using Forex Tester but found the programme so extremely difficult to work with that I eventually gave up. Using MT4 enables me to readily use my broker's data without faffing, and also load supdem indie into the chart, which is vital to the way I mark things up. What I'm doing here is essentially spending an hour or so at the weekend observing the recent historical PA while looking for trade...
Hi Simon,
Can you elaborate a bit in detail here on your post, pls. Thanks
  • #143
  • Dec 5, 2017 3:14am Dec 5, 2017 3:14am
Quoting gunner1
{quote} Hi Simon, Can you elaborate a bit in detail here on your post, pls. Thanks
Sure. Which bit?
  • #145
  • Dec 5, 2017 3:21am Dec 5, 2017 3:21am
Quoting simond2002
{quote} 2nd position was nicked out just before I came to the charts this morning. Ordinarily I would've managed this one manually once PA produced that minor double-bottom. Not possible to be here all the time though. One still running. Letc... {image}
Loaded another short to try and eke out the profit from that second position. Will manage on the fly.

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  • #146
  • Edited 4:25am Dec 5, 2017 4:14am | Edited 4:25am
Quoting simond2002
{quote} Loaded another short to try and eke out the profit from that second position. Will manage on the fly. {image}
All out UJ. Some decent gain but getting a bit choppy for intraday.

Edit: Closed the top one as well by mistake lol
  • #147
  • Dec 5, 2017 4:27am Dec 5, 2017 4:27am
Old habits die hard.
I think this is the final chance for euro to rally out of this D1 miasma and shoot for the upper targets. If it jerks around further here I may take early Xmas leave.

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  • #148
  • Dec 6, 2017 2:17am Dec 6, 2017 2:17am
Quoting simond2002
{quote} All out UJ. Some decent gain but getting a bit choppy for intraday. Edit: Closed the top one as well by mistake lol
Got back in on H4. Gap now closed so moved entry to b/e and hold for lower target.

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  • #149
  • Dec 6, 2017 12:52pm Dec 6, 2017 12:52pm
Quoting simond2002
{quote} Got back in on H4. Gap now closed so moved entry to b/e and hold for lower target. {image}
UJ stacked a few more and locked:

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  • #150
  • Dec 7, 2017 3:14am Dec 7, 2017 3:14am
Was stopped at b/e on the above.

This week been trying to combine D1 entries with M15/M5 to see if I could get some bigger and cheaper runners. It doesn't work for me. Although I pay attention to the higher TF position I find life is much easier and more straightforward when trading M15/M5 swings.
  • #151
  • Dec 8, 2017 5:28am Dec 8, 2017 5:28am
Hi Simon, sent you a Skype I think!quote=simond2002;10568619]Was stopped at b/e on the above. This week been trying to combine D1 entries with M15/M5 to see if I could get some bigger and cheaper runners. It doesn't work for me. Although I pay attention to the higher TF position I find life is much easier and more straightforward when trading M15/M5 swings.[/quote]
  • #152
  • Dec 15, 2017 11:48am Dec 15, 2017 11:48am
Have you got that widescreen monitor yet?! Hope you have had a good week Simon and enjoy a good Xmas break
  • #153
  • Dec 15, 2017 1:03pm Dec 15, 2017 1:03pm
Quoting Swamipips
Have you got that widescreen monitor yet?! Hope you have had a good week Simon and enjoy a good Xmas break
Hi Jim,

Did a test shop with the missus but when she saw the 43 inch in real life she gave me “the look” lol

I’ve actually got my eye on an additional laptop instead so the eventual setup will most likely be 2 x monitors
and 2 x laptops. Should be fine for where I’m at.

If we don’t speak before have a great Xmas too
  • #154
  • Dec 15, 2017 1:08pm Dec 15, 2017 1:08pm
Quoting timos
C-12 & Simon 1 4k monitors is good.... but 2 4k monitor will take your trading to another level if you're a PA trader. I am talking from experience and here I am attaching 2 screenshots for you to see and compare. Eur/Usd 1h chart,normal candles 2 months of data in 1 screen. {image} Eur/usd 1h chart,maz zoom out,6 month of data in 1 screen {image} and here is a screenshot of 2 4k's side by side... {image} P.S You will need a professional charting software and MT is not one of that. Personally I use Sierra Charts for charting and it is...
the top chart is awesome!
  • #155
  • Dec 15, 2017 1:33pm Dec 15, 2017 1:33pm
Sounds good, Boxing Day sales it is.

winding down here now, had a decent week.improved since focusing on less time frames. cheers

Quoting simond2002
{quote} Hi Jim, Did a test shop with the missus but when she saw the 43 inch in real life she gave me “the look” lol I’ve actually got my eye on an additional laptop instead so the eventual setup will most likely be 2 x monitors and 2 x laptops. Should be fine for where I’m at. If we don’t speak before have a great Xmas too
  • #156
  • Dec 19, 2017 3:34pm Dec 19, 2017 3:34pm
Euro, added another buy a few days ago. Enough decent PA on D1 to start managing stops. Been a long haul.

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  • #157
  • Dec 19, 2017 3:57pm Dec 19, 2017 3:57pm
Quoting simond2002
Euro, added another buy a few days ago. Enough decent PA on D1 to start managing stops. Been a long haul. {image}
K.I.I.S
  • #158
  • Dec 20, 2017 2:57pm Dec 20, 2017 2:57pm
If I were to stay up all night I'd consider looking for a buy setup on EURCAD until or at last it'd taken out that lower blue box, which is a demand zone on M15.

Will return to this chart tomorrow some time to see how things played out.

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  • #159
  • Dec 21, 2017 2:50am Dec 21, 2017 2:50am
Quoting simond2002
If I were to stay up all night I'd consider looking for a buy setup on EURCAD until or at last it'd taken out that lower blue box, which is a demand zone on M15. Will return to this chart tomorrow some time to see how things played out. {image}
Hmm, Asia session looked dull. Price has bounced where anticipated but it doesn't quite look like it's accumulating yet.

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  • #160
  • Dec 21, 2017 1:03pm Dec 21, 2017 1:03pm
Quoting simond2002
{quote} Hmm, Asia session looked dull. Price has bounced where anticipated but it doesn't quite look like it's accumulating yet. {image}
In the end it went for a bit of an adventure. Although price has been in D1 supply I considered (and still do) the uptrend to be intact. Idea was that today's CAD news might push price back up as per the chart to retest the fresh M5 supply inside Daily. As per the M5 chart on prior post above the target would've been 1.5295 and also a place to consider a short.

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