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C-12's Supply, Demand and PA thread

  • #6,081
  • Apr 3, 2018 11:55am Apr 3, 2018 11:55am
Decided to dust the charts down over the weekend. Anyone catch this?

H4 trend, H1 zone, M15 PA. Level, stop loss, target.

Planning to catch just a couple of these per week around full time 9-5 job, so will see if it's viable.
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  • #6,082
  • Apr 3, 2018 12:01pm Apr 3, 2018 12:01pm
Question is, was M15 PA even needed?
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  • #6,083
  • Apr 3, 2018 3:43pm Apr 3, 2018 3:43pm
This morning I came up with this idea for a EURUSD short
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with nearly an hour to go before London close the market had gone on to hit my PT.
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I'd love to start a thread like yours, as I am trying to be more disciplined and use the techniques I have found from looking through FF and I really like your thread too.
  • #6,084
  • Apr 3, 2018 4:14pm Apr 3, 2018 4:14pm
Quoting NevFX
This morning I came up with this idea for a EURUSD short {image} with nearly an hour to go before London close the market had gone on to hit my PT. {image} I'd love to start a thread like yours, as I am trying to be more disciplined and use the techniques I have found from looking through FF and I really like your thread too.
Very nice trade. Same idea with a slightly different method using S/R and chart pattern.

Get yourself a thread started. You'll just have to accept that people might end up showing up just to troll, but it's worthwhile as a journal and to share ideas.
  • #6,085
  • Apr 3, 2018 4:23pm Apr 3, 2018 4:23pm
Quoting C-12
{quote} Very nice trade. Same idea with a slightly different method using S/R and chart pattern. Get yourself a thread started. You'll just have to accept that people might end up showing up just to troll, but it's worthwhile as a journal and to share ideas.
As soon as I am allowed to start a thread I will.
I used to try and write it all down in a blog but if no one is reading it, the motivation to write diminishes. My idea is to maintain discipline from now on. They say journaling is the way to do it. I say having someone that is watching over your shoulder is the way to discipline.

When I look at your trades I feel there is a very close correlation to where you see an entry and exit and where I see an entry. I am still trying to work out all of your reasonings but out of interest more than to copy. I am trying to make my entry and exit less discretionary than I currently do. Higher time frame zones and then intraday setups. Tried and tested by many before me. I am not here to reinvent the wheel. I just want to make some money
  • #6,086
  • Apr 3, 2018 5:21pm Apr 3, 2018 5:21pm
Quoting NevFX
{quote} As soon as I am allowed to start a thread I will. I used to try and write it all down in a blog but if no one is reading it, the motivation to write diminishes. My idea is to maintain discipline from now on. They say journaling is the way to do it. I say having someone that is watching over your shoulder is the way to discipline. When I look at your trades I feel there is a very close correlation to where you see an entry and exit and where I see an entry. I am still trying to work out all of your reasonings but out of interest more than...
There's almost always 1 solid intraday setup that runs between 20 and 80 pips on EU. If you can sit on your hands until the setup opens up then it's there for the taking. It's about consistent steady discipline and being ready to pounce when the setup presents itself.

Most entries involve a Daily/H4 trend, a pullback to a zone or clean engulfing setup to get a stop behind.

All timeframes are important. For today it was all about that H1 supply zone, yesterday the sell was clearer on M15 (after sucking in the breakout buyers). Also the dollar index is good to get an inverse view and extra confirmation.
  • #6,087
  • Apr 3, 2018 5:24pm Apr 3, 2018 5:24pm
Here's yesterdays M15 setup, entry at red arrow again left mid supply area.

That PA then created today's H1 zone.

I'm always aware of the S/R areas but too many lines can muddy the waters.
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  • #6,088
  • Apr 3, 2018 5:27pm Apr 3, 2018 5:27pm
Quoting C-12
Decided to dust the charts down over the weekend. Anyone catch this? H4 trend, H1 zone, M15 PA. Level, stop loss, target. Planning to catch just a couple of these per week around full time 9-5 job, so will see if it's viable.
Very nice trade! I took the same one.

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  • #6,089
  • Apr 4, 2018 12:25pm Apr 4, 2018 12:25pm
Quoting Rinehart
{quote} Very nice trade! I took the same one. {image}
Nicely done.

Today was a snoozer as expected the day prior to NFP. Best to sit on hands to avoid chop, same goes for pre FOMC. There was nothing of interest unless you wanted to try and snatch a couple of pips.

Best to trade with a sniper rifle rather than a blunderbuss.

Two levels of interest on H4, both are liquidity traps.
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  • #6,090
  • Apr 4, 2018 12:33pm Apr 4, 2018 12:33pm
As for EU D1, the lower level looks ripe for stitch up just below the swing low.
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  • #6,091
  • Edited 1:09pm Apr 5, 2018 12:04pm | Edited 1:09pm
There was a similar setup on EU this morning, not as clean and didn't see the RR to nearest H4 demand.

GU on the other hand provided PA (in yellow box) straight off the open with plenty of room.

All closed out. Two very straight forward trades for the week, hit target and no scratching my eyes out with 100's of hours on M5.
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  • #6,092
  • Apr 6, 2018 1:25pm Apr 6, 2018 1:25pm
Quoting C-12
As for EU D1, the lower level looks ripe for stitch up just below the swing low. {image}
This messed about for a couple of days below the swing low. Thought we might have got a bigger dip down the H4 zone at NFP.

Even though you can see these higher TF plays, they're not always that easy to trade unless you stick the stop all the way down underneath D1 demand.
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  • #6,093
  • Edited 12:45pm Apr 10, 2018 12:12pm | Edited 12:45pm
Bit of an M5 PA entry with H4 direction but also could trade on M30 with something to tuck a stop behind.

Sometimes these retest, sometimes not. Could have played the M5 retest for a very nice RR.

Looks like M5 served up a few zone trades as well in both directions.
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  • #6,094
  • Edited 3:06pm Apr 10, 2018 2:42pm | Edited 3:06pm
Found a great indicator that is excellent for calculating position size on the fly. Unfortunately it's $10 for such a basic chart add on. You tap in the SL and it gives the position size without leaving the chart.

https://www.mql5.com/en/market/product/7678

It's a good idea to consistently scale up as the account grows rather than using a fixed position, which for me probably encouraged over trading as you begin to spin your wheels. This is the only way to obtain an exponential equity curve (as opposed to linear) without increasing trading frequency.

I know this is obvious stuff but I had never had the dedication as a scalper to putting into practice. This indi is just what i needed.

Some issues, you can't move it to another corner and it defaults back to a 50 pip SL if you change profile.
Attached Image
  • #6,095
  • Apr 10, 2018 3:43pm Apr 10, 2018 3:43pm
Quoting C-12
Found a great indicator that is excellent for calculating position size on the fly. Unfortunately it's $10 for such a basic chart add on. You tap in the SL and it gives the position size without leaving the chart. https://www.mql5.com/en/market/product/7678 It's a good idea to consistently scale up as the account grows rather than using a fixed position, which for me probably encouraged over trading as you begin to spin your wheels. This is the only way to obtain an exponential equity curve (as opposed to linear) without increasing trading...
Hi
Many brokers give you on their platform all sort of information.
I use MT4 but before placing the trade I use Oanda platform to get all the details of the trade (pip value, risk, lot size etc...).
Cheers
  • #6,096
  • Apr 10, 2018 3:47pm Apr 10, 2018 3:47pm
Quoting Merka
{quote} Hi Many brokers give you on their platform all sort of information. I use MT4 but before placing the trade I use Oanda platform to get all the details of the trade (pip value, risk, lot size etc...). Cheers
Oh yes, good point. There's one click EA's and order managers that would do the trick as well.

There's probably better ones that this one if I did a bit of research.

If anyone knows of a one click EA that has built in risk % by SL then I'm all ears.
  • #6,097
  • Apr 10, 2018 4:04pm Apr 10, 2018 4:04pm
Quoting C-12
Found a great indicator that is excellent for calculating position size on the fly. Unfortunately it's $10 for such a basic chart add on. You tap in the SL and it gives the position size without leaving the chart. https://www.mql5.com/en/market/product/7678 It's a good idea to consistently scale up as the account grows rather than using a fixed position, which for me probably encouraged over trading as you begin to spin your wheels. This is the only way to obtain an exponential equity curve (as opposed to linear) without increasing trading...
Hi
Many brokers give you on their platform all sort of information.
I use MT4 but before placing the trade I use Oanda platform to get all the details of the trade (pip value, risk, lot size etc...).
Cheers
  • #6,098
  • Apr 11, 2018 2:36pm Apr 11, 2018 2:36pm
Hmm was planning to run this position but FOMC ended up being a damp squib.

Pulled the plug with RR about 4:1 rather than overnight hold.
Attached Image (click to enlarge)
Click to Enlarge Name: EU.PNG Size: 39 KB
  • #6,099
  • Apr 12, 2018 7:07am Apr 12, 2018 7:07am
c-12 You set II_SupDemMOD Which one
  • #6,100
  • Apr 12, 2018 7:45am Apr 12, 2018 7:45am
A few EU trades based on the movements of the Dollar index.Last days have been bearish so I bought EU confidently then yesterday and today some buyers came in,a good reason to sell Eu.
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About the lost trades,well,I was hoping for a deeper retracement,nothing major just a counter trend scalp
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