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C-12's Supply, Demand and PA thread

  • #5,881
  • Dec 16, 2017 2:29am Dec 16, 2017 2:29am
Quoting Rufus
Red spoke often of "Market Symmetry" {image}
for me was a simple "untested source" supply zone.
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  • #5,882
  • Dec 16, 2017 5:20am Dec 16, 2017 5:20am
Found a handy little app called Window Manager by DeskSoft.

Very useful if you drag MT4 across multiple windows. If you accidentally resize the terminal window, this app will reposition it back instantly at the click of a button. Needs a bit of configuring but works great.

Can't beat a bit of platform tech.
  • #5,883
  • Dec 16, 2017 5:24am Dec 16, 2017 5:24am
Quoting nasir.khan
{quote} for me was a simple "untested source" supply zone. {image}
Yes, that was the zone, even clearer on DX.
  • #5,884
  • Dec 16, 2017 5:29am Dec 16, 2017 5:29am
Quoting wiserltz
Learning C-12's old post Post 3,939 Amazed by the similar PA, Jun 9, 2016's NU and this week's GJ {image} {image}
You'll find the same patterns over and over again. It seems specifically the same pairs have a very repetitive price structure over time.

An accumulation of screen time is very valuable.
  • #5,885
  • Dec 16, 2017 11:23am Dec 16, 2017 11:23am
It would appear you can trade bitcoin 24/7 even over the weekend...

Spreads on IG are a bit gash for scalping it.
  • #5,886
  • Dec 16, 2017 11:49am Dec 16, 2017 11:49am
Quoting C-12
It would appear you can trade bitcoin 24/7 even over the weekend... Spreads on IG are a bit gash for scalping it.
Yes it is but be careful on cryptocurrency in general.
It could be a bubble and we don't want to be on the wrong side.
Cheers
  • #5,887
  • Dec 16, 2017 12:00pm Dec 16, 2017 12:00pm
Quoting C-12
It would appear you can trade bitcoin 24/7 even over the weekend... Spreads on IG are a bit gash for scalping it.
This whole Bitcoin thing has me a "Bit" bewildered. Seems to be the ultimate in Fiat currencies. Even some prostitutes will take payment in Bitcoin.

I haven't taken the time to wrap my head around it. For that matter does someone fully understand it? From what I have had time to look at, it appears to be a great way to transfer payment without any record. I could buy a Bentley or sell a kidney without any central bank or government knowing about it. That I like. It is difficult to do that with gold. People don't understand gold and how to use it as a currency even though it has a true value.

Oh well.

I guess it is just a chart.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #5,888
  • Dec 16, 2017 12:08pm Dec 16, 2017 12:08pm
Quoting Rufus
{quote} This whole Bitcoin thing has me a "Bit" bewildered. Seems to be the ultimate in Fiat currencies. Even some prostitutes will take payment in Bitcoin. I haven't taken the time to wrap my head around it. For that matter does someone fully understand it? From what I have had time to look at, it appears to be a great way to transfer payment without any record. I could buy a Bentley or sell a kidney without any central bank or government knowing about it. That I like. It is difficult to do that with gold. People don't understand gold and how to...
Yeah it's an odd one to assign any sort of value to it. The main advantage over fiat currencies is that it's limited in supply (and anonymous)

If we get a hyper inflationary response to an eventual debt deflation spiral, I would definitely want to be holding physical gold and silver rather than bitcoin.

As for trading it, it looks like you can just buy any demand zone on pullbacks until we hit $20k. It's very tricky to trade something that's parabolic without any existing supply levels.
  • #5,889
  • Dec 16, 2017 12:20pm Dec 16, 2017 12:20pm
Quoting Merka
{quote} Yes it is but be careful on cryptocurrency in general. It could be a bubble and we don't want to be on the wrong side. Cheers
The trouble with bubbles is we have no idea how big it can get.

Joe Kennedy exited the stock market in timely fashion after a shoeshine boy gave him some stock tips. He figured that when the shoeshine boys have tips, the market is too popular for its own good.

Bitcoin has become insanely popular. What is driving the market?

One of my favorite movies of all time "The Big Short" where individuals saw the bubble in the housing market, but handling and profiting from its collapse was tricky. Hell... I saw that bubble and was preparing for it the best I could, dang near took me out. My business is involved with the construction industry. Maybe we will have another movie about bitcoin when it is all said and done.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #5,890
  • Dec 16, 2017 12:23pm Dec 16, 2017 12:23pm
Quoting C-12
{quote} Yeah it's an odd one to assign any sort of value to it. The main advantage over fiat currencies is that it's limited in supply (and anonymous) If we get a hyper inflationary response to an eventual debt deflation spiral, I would definitely want to be holding physical gold and silver rather than bitcoin. As for trading it, it looks like you can just buy any demand zone on pullbacks until we hit $20k. It's very tricky to trade something that's parabolic without any existing supply levels.

Well. I'm off to buy some cigars. Have a good weekend.

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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #5,891
  • Dec 16, 2017 1:57pm Dec 16, 2017 1:57pm
Something for the weekend.

I think with a better spread it could make a decent weekend scalping option, seems like S&D is fully in play.
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  • #5,892
  • Dec 17, 2017 10:19am Dec 17, 2017 10:19am
The best way to switch Chart to a Different Pair is to drag a pair from MarketWatch to a open chart.
  • #5,893
  • Dec 18, 2017 7:54am Dec 18, 2017 7:54am
GU 5m entry,

a little DD but closed 42 pips on that,
waiting to hit 30m and 240m supply
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  • #5,894
  • Dec 18, 2017 8:17am Dec 18, 2017 8:17am
took a short on USDCAD using 5m entry
just saw that 4h demand forming so I decided to move my tp and wait for the next move on that pair
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  • #5,895
  • Dec 18, 2017 10:13am Dec 18, 2017 10:13am
Quoting C-12
{quote} Yeah it's an odd one to assign any sort of value to it. The main advantage over fiat currencies is that it's limited in supply (and anonymous) If we get a hyper inflationary response to an eventual debt deflation spiral, I would definitely want to be holding physical gold and silver rather than bitcoin. As for trading it, it looks like you can just buy any demand zone on pullbacks until we hit $20k. It's very tricky to trade something that's parabolic without any existing supply levels.
Spectacular Risk Reward on alt-coins but SD trading is useless in one of the biggest bull markets ever seen. The money is in position trading and holding long term.

I agree with Rufus about the bubble though, but I think it's just getting started. Last few month has seen a huge influx of foolish money, plenty room to grow.
  • #5,896
  • Edited 1:48pm Dec 18, 2017 1:31pm | Edited 1:48pm
Quoting Irad
GU 5m entry, a little DD but closed 42 pips on that, waiting to hit 30m and 240m supply {image}
Good trade.

UJ might be starting to cook for a long entry, took a few stabs with a stop below H1 demand base being formed. If this runs it could be a cracker.

EU got a nice rejection off M30 supply. Unfortunately price had rejected quite a bit by the time I got home to the charts.

GU bounced off stubby looking daily supply.
  • #5,897
  • Dec 18, 2017 1:39pm Dec 18, 2017 1:39pm
FXPro have rolled over to a new USindex contract. The old chart was perfect but the new one is a complete mess on H4.

Can anyone recommend a decent 5 digit DX MT4 demo broker with the following criteria?

1. GMT or NY close candles
2. 5 digits
3. None expiring demo account
4. Not a CFD so doesn't freeze every couple of months.

Cheers

I see that Ava and Admiral now have expiring demo accounts.. FXCM USdollar doesn't cut it.
  • #5,898
  • Dec 18, 2017 1:46pm Dec 18, 2017 1:46pm
EU M30
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  • #5,899
  • Dec 18, 2017 5:31pm Dec 18, 2017 5:31pm
Quoting Irad
GU 5m entry, a little DD but closed 42 pips on that, waiting to hit 30m and 240m supply {image}
96+96+42 pips on the buy side and right now I flipped to short position selling gu off new 30m supply,

anyway I have the feeling we haven't quite reached the upper 4h supply zone
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  • #5,900
  • Edited 9:59pm Dec 18, 2017 8:34pm | Edited 9:59pm
Quoting C-12
{quote} Good trade. UJ might be starting to cook for a long entry, took a few stabs with a stop below H1 demand base being formed. If this runs it could be a cracker. EU got a nice rejection off M30 supply. Unfortunately price had rejected quite a bit by the time I got home to the charts. GU bounced off stubby looking daily supply.
Hi big-C
What does cracker mean?
I checked your past postings and charts,
I do not understand.
Could you please tell me
Also, what kind of PA can be a cracker?
I think that past cracker 's PA entered the base and　imbalance entry at 4 H. In that case will be a cracker
Is my recognition correct?

I appreciate your kindness

I apologize that my English is not good
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