C-12's Supply, Demand and PA thread | Page 311 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Supply and Demand Thread using any Indicator 64 replies

Price movement as a function of Supply and Demand 43 replies

Supply and demand zones and EW principles 1 reply

Alifari's - Supply & Demand Thread 17 replies

Demand and Supply 1 reply

Attachments: C-12's Supply, Demand and PA thread
Exit Attachments

C-12's Supply, Demand and PA thread

  • #6,201
  • Edited 1:34pm Apr 27, 2018 1:05pm | Edited 1:34pm
Quoting Fonzi
{quote} Okay I have to think about that. It seems like I have to delete some routines out of my brain and recalibrate the way how to look at the charts. Obviously this is meant when people say keep it simple but it's not easy.
You've just got to try to go with the flow of the market rather than trying to fight it.

I struggled with this concept early on trying to consistently pick reversals and getting stopped out loads. S&D learning material is almost all about reversals.

Try and trade off D1 + H4 and use LTF just for tightening up entries and give you a good RR ratio. It take a lot of practice and it will feel awkward initially but it's worthwhile.
  • #6,202
  • Apr 27, 2018 1:43pm Apr 27, 2018 1:43pm
Quoting C-12
{quote} You've just got to try to go with the flow of the market rather than trying to fight it. I struggled with this concept early on trying to consistently pick reversals and getting stopped out loads. S&D learning material is almost all about reversals. Try and trade off D1 + H4 and use LTF just for tightening up entries and give you a good RR ratio. It take a lot of practice and it will feel awkward initially but it's worthwhile.
@C-12

If I understood correctly you just trade with the trend and not counter-trend trades.
Is that right?
Cheers
  • #6,203
  • Apr 27, 2018 1:50pm Apr 27, 2018 1:50pm
Quoting Merka
{quote} @C-12 If I understood correctly you just trade with the trend and not counter-trend trades. Is that right? Cheers
Sometimes i would do in a range but almost all losses where a stop loss is hit are countertrend trades.

Also zone breaks with engulfing PA often make even better entries than zone reversals. You wont see these types on entry in any text book.
  • #6,204
  • Apr 27, 2018 1:58pm Apr 27, 2018 1:58pm
Quoting C-12
{quote} Sometimes i would do in a range but almost all losses where a stop loss is hit are countertrend trades. Also zone breaks with engulfing PA often make even better entries than zone reversals. You wont see these types on entry in any text book.
I hope to see some example of these engulfing breaks when you'll have the opportunity.
Thanks
  • #6,205
  • Apr 29, 2018 1:33pm Apr 29, 2018 1:33pm
Managed to figure something out which will be very helpful for swing and day trading.

If you add the Rectangle Extender indi, you can tweak the settings so it shows the pip width of each zone on Supdem_II to the right of the zone. This is great if you calculate position size on the fly or want to just eye ball the depth of a zone.

Looking forward to giving this a test drive next week. I'll update the indi's section and template on page 1 when I get time..
Attached Image (click to enlarge)
Click to Enlarge Name: EU.PNG Size: 47 KB
  • #6,206
  • Apr 30, 2018 1:20am Apr 30, 2018 1:20am
Ok,so we had supply on H4,S/R zones on H4 and bad news for GBP on Friday.....

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM30 sr sell.png Size: 49 KB
  • #6,207
  • Apr 30, 2018 4:40am Apr 30, 2018 4:40am
Hi C-12,
I have another question: how do you determine what's the trend in situations like this.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 41 KB
  • #6,208
  • Edited 2:15pm Apr 30, 2018 12:40pm | Edited 2:15pm
Quoting Fonzi
Hi C-12, I have another question: how do you determine what's the trend in situations like this. {image}
I'd be looking at D1 as that supply might have been fresh on that TF (if i remember correctly). That is more of a range than a trend so you can just bounce between D1 zones, like EU recently and pick pips up in both directions.

As for EU, got some entry before work, forgot to set TP's..

H4 zoomed in to see supporting PA.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU.PNG Size: 63 KB
Click to Enlarge Name: H4.PNG Size: 28 KB
  • #6,209
  • Apr 30, 2018 2:57pm Apr 30, 2018 2:57pm
Quoting C-12
{quote} I'd be looking at D1 as that supply might have been fresh on that TF (if i remember correctly). That is more of a range than a trend so you can just bounce between D1 zones, like EU recently and pick pips up in both directions. As for EU, got some entry before work, forgot to set TP's.. H4 zoomed in to see supporting PA. {image} {image}
Okay that makes sense. What do you think about USDJPY? We are in a daily mid supply in a daily downtrend but the low of the last swing touched a strong weekly demand.
  • #6,210
  • Apr 30, 2018 3:05pm Apr 30, 2018 3:05pm
Quoting Fonzi
{quote} Okay that makes sense. What do you think about USDJPY? We are in a daily mid supply in a daily downtrend but the low of the last swing touched a strong weekly demand.
Yes there a couple of midzone D1 supply zones here. These do work great with the trend, but has the trend changed?

We've got weekly demand established with PA and DX looking pretty strong. Lot of room to the upside.

I like the idea of a pullback into that nice looking H4/H1/M30 demand and then more up is what I see.
  • #6,211
  • Apr 30, 2018 3:17pm Apr 30, 2018 3:17pm
Also something I think is worth mentioning. You don't need to be a great forecaster or analyst to trade which may sound strange. I try to see potential options on both sides of the table and to avoid being surprised or caught off guard. My directional calls are usually crap.

My game (especially the EU day trading) is to see higher TF possibilities and allow PA to give me a directional play with some LTF PA config to hide a stop loss behind.

This in my eyes is as close to the 'holy grail' as you will find but it takes years of screentime, heavy discipline and probably some busted accounts along the way.
  • #6,212
  • May 2, 2018 2:14am May 2, 2018 2:14am
Got a fresh M30 demand base on GU here for a dead cat bounce. FOMC up later so could be something to watch.
  • #6,213
  • May 2, 2018 6:13am May 2, 2018 6:13am
The planets are aligned for a big move up,only issue is that monthly demand is a bit lower,will see...

Attached Image (click to enlarge)
Click to Enlarge Name: GU Channel.png Size: 40 KB
  • #6,214
  • May 2, 2018 2:50pm May 2, 2018 2:50pm
Quoting madboy
The planets are aligned for a big move up,only issue is that monthly demand is a bit lower,will see... {image}
Well.. I'm not sure tbh. DX has put in a decent low and everything is now rolling over.

GU has been absolutely smashed over the last week or two. I expected a bit of a bounce today of that fresh M30/M15/M5 demand from earlier.. We got a bounce and then died a death.

I can usually scalp these types of reversal moves but this one had me sleeping at the wheel.
  • #6,215
  • Edited 12:53pm May 9, 2018 11:46am | Edited 12:53pm
EU - Set some limits before setting off from work and a phone entry for good measure.

The upper supply got taken out, S/R worked fine and then PA was a slam dunk.....

Was thinking of holding one but trend is long in the tooth and it's done enough in terms of RR.

Seeing some early signs of an upcoming correction in USD across the majors.
Attached Image (click to enlarge)
Click to Enlarge Name: EU.PNG Size: 71 KB
  • #6,216
  • May 9, 2018 1:15pm May 9, 2018 1:15pm
Quoting C-12
{quote} Yes there a couple of midzone D1 supply zones here. These do work great with the trend, but has the trend changed? We've got weekly demand established with PA and DX looking pretty strong. Lot of room to the upside. I like the idea of a pullback into that nice looking H4/H1/M30 demand and then more up is what I see.
Hmm, didn't trade it but that was the zone that played out.

Also, if you saw the higher TF PA, there were opportunities to day trade it on LTF.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: UJ.PNG Size: 62 KB
Click to Enlarge Name: UJ2.PNG Size: 69 KB
  • #6,217
  • May 9, 2018 1:17pm May 9, 2018 1:17pm
Quoting C-12
EU - Set some limits before setting off from work and a phone entry for good measure. The upper supply got taken out, S/R worked fine and then PA was a slam dunk..... Was thinking of holding one but trend is long in the tooth and it's done enough in terms of RR. Seeing some early signs of an upcoming correction in USD across the majors. {image}
Long spike that one.
All your SL were above the yellow line?
If not how did you managed to avoid that spike?
  • #6,218
  • May 9, 2018 1:21pm May 9, 2018 1:21pm
Quoting Merka
{quote} Long spike that one. All your SL were above the yellow line? If not how did you managed to avoid that spike?
SL was Just above the RN and S/R, it was a fairly close to a stop out.

This is why I prefer PA trades rather than limit orders...
  • #6,219
  • Edited 1:29pm May 11, 2018 11:42am | Edited 1:29pm
If only EU moved so smoothly all the time I'd be absolutely loaded.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU.PNG Size: 48 KB
Click to Enlarge Name: EU2.PNG Size: 40 KB
  • #6,220
  • May 11, 2018 11:51am May 11, 2018 11:51am
Similar on EU's evil twin, bit of a no brainer this one when PA established.
Attached Image (click to enlarge)
Click to Enlarge Name: GU.PNG Size: 43 KB
2 traders viewing now