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C-12's Supply, Demand and PA thread

  • #6,221
  • May 15, 2018 10:31am May 15, 2018 10:31am
Hi C-12! Amazing thread!

I read your thread up to 200 pages and there were questions.
If you use H4 to enter, then you define the trend on the Daily and Weekly. How do you determine the zones where the trend will change direction:
"Does Daily coincide with Weekly?" Are you looking only at fresh zones or also that have already been tested?

Best regards!
  • #6,222
  • May 15, 2018 11:55am May 15, 2018 11:55am
Quoting dmlp14
Hi C-12! Amazing thread! I read your thread up to 200 pages and there were questions. If you use H4 to enter, then you define the trend on the Daily and Weekly. How do you determine the zones where the trend will change direction: "Does Daily coincide with Weekly?" Are you looking only at fresh zones or also that have already been tested? Best regards!
Hey, good to see someone willing to put the time in to read 200 pages. Seems not many people are willing to even go that far on this site.

As for the question this depends on your timeframe of reference. I don't make trading decisions off the weekly but aware of the zones and PA (usually a quick scan every other day).

Not sure I remember what I was doing at page 200 but these days it's low timeframes (H1-M5) for entry using zones and engulfing PA and D1/H4 is the directional bias.
  • #6,223
  • Edited 1:34pm May 15, 2018 12:03pm | Edited 1:34pm
Took a loss today. I placed a couple of limit order buys before work, last time I do this.

I realised the uptrend line had broken but fancied a bounce off this zone back to H4 supply.

This loss would not have happened if sat at home trading at the screens. PA was a screaming sell when it hit entry.... Plus massive opportunity to pile on the shorts once zone broke.
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  • #6,224
  • May 16, 2018 5:38am May 16, 2018 5:38am
Quoting C-12
{quote} Hey, good to see someone willing to put the time in to read 200 pages. Seems not many people are willing to even go that far on this site. As for the question this depends on your timeframe of reference. I don't make trading decisions off the weekly but aware of the zones and PA (usually a quick scan every other day). Not sure I remember what I was doing at page 200 but these days it's low timeframes (H1-M5) for entry using zones and engulfing PA and D1/H4 is the directional bias.
I'm looking for PA (engulf) on the H4 timeframe, should I look at the trend for a weekly? Am I right in choosing the zone where the possible trend reversal will occur?
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  • #6,225
  • Edited 3:52pm May 17, 2018 11:32am | Edited 3:52pm
Quoting dmlp14
{quote} I'm looking for PA (engulf) on the H4 timeframe, should I look at the trend for a weekly? Am I right in choosing the zone where the possible trend reversal will occur? {image}
Hmm location is ok, I don't really go as deep as weekly for analysis apart from the occasional glance. Of course we don't have PA here to base any directional bias towards.

Sure there is weekly pin bar but a very weak one. I'm not particularly excited to buy AU based on this...

Here's one that was a very straight forward trade on UJ with very clear directional on D1/H4. Could have used a limit.

Open up D1/H4 and then drop down to M15 and see this level stick out like a sore thumb.
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  • #6,226
  • May 17, 2018 10:14pm May 17, 2018 10:14pm
dmlp14

I'm looking for PA (engulf) on the H4 timeframe, should I look at the trend for a weekly? Am I right in choosing the zone where the possible trend reversal will occur?

hey look at the daily time frame , price action already confirmed .
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  • #6,227
  • May 18, 2018 5:26am May 18, 2018 5:26am
Quoting C-12
{quote} Hmm location is ok, I don't really go as deep as weekly for analysis apart from the occasional glance. Of course we don't have PA here to base any directional bias towards.
A perfect daily morning star in weekly/daily demand. What do we need more?
  • #6,228
  • May 18, 2018 12:52pm May 18, 2018 12:52pm
Quoting Fonzi
{quote} A perfect daily morning star in weekly/daily demand. What do we need more?
Nope, still not doing it. Those stubby pin bar type of PA are often found in the middle of moves.

There's definitely weekly demand in this area but it just looks a bit washed out for my liking.

I maybe wrong but I just say as I see it. There's nothing fresh here and no solid engulfing PA what I like to see.

Sure, if we get solid bull PA I can start to think buys on LTF but there's supply not far above on H1/H4.
  • #6,229
  • May 21, 2018 7:05am May 21, 2018 7:05am
Booked a half day off work so had a chance to scalp EU in the AM session.

Forgot how fun and addictive this shit is on M1 (with other TF's and DX in view).
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  • #6,230
  • May 21, 2018 7:12am May 21, 2018 7:12am
You can see we started the session with a nice DX M30 engulf south with a clear target on DX.

DX is in daily supply here as well but not sure this is the bottom on EU. Scalps until FOMC would be my strategy.

I think the better DX zone is a bit higher up (with DX 94.00 handle). Notice how well respected DX zones are.
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  • #6,231
  • May 22, 2018 2:33am May 22, 2018 2:33am
Some pre work scalps, left one on as looks like we'll take out this area.
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  • #6,232
  • May 22, 2018 2:38am May 22, 2018 2:38am
That will do, late for work now.
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  • #6,233
  • May 23, 2018 2:10am May 23, 2018 2:10am
Same shit, different day. Scalps on the open.
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  • #6,234
  • May 23, 2018 6:40am May 23, 2018 6:40am
Quoting C-12
{quote} Hmm location is ok, I don't really go as deep as weekly for analysis apart from the occasional glance. Of course we don't have PA here to base any directional bias towards. Sure there is weekly pin bar but a very weak one. I'm not particularly excited to buy AU based on this... Here's one that was a very straight forward trade on UJ with very clear directional on D1/H4. Could have used a limit. Open up D1/H4 and then drop down to M15 and see this level stick out like a sore thumb. {image}
HI C-12

You will get a better entry with little more patience in this Trade:
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aka Liquinvest
  • #6,235
  • May 23, 2018 12:22pm May 23, 2018 12:22pm
Quoting Copis
{quote} HI C-12 You will get a better entry with little more patience in this Trade: {image}
Yes, there was an even better entry (right on at the green dot on the touch zone) which was a even tighter RR.

If you look across the majors there's plenty of trades like this if this style suits your personality on H4 down to M15.

Right now I'm stuck with EU scalping on the open before work (even down to M1 since there's always a trade to be found every session without fail)
  • #6,236
  • May 23, 2018 12:27pm May 23, 2018 12:27pm
Quoting C-12
You can see we started the session with a nice DX M30 engulf south with a clear target on DX. DX is in daily supply here as well but not sure this is the bottom on EU. Scalps until FOMC would be my strategy. I think the better DX zone is a bit higher up (with DX 94.00 handle). Notice how well respected DX zones are. {image}
We've took out 94 but still in supply, although better daily zone is high up I'd be surprised if we don't bounce later in EU.

DX H1 tip of zone is 94.15
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  • #6,237
  • May 23, 2018 1:38pm May 23, 2018 1:38pm
This should go up more but some more scalps. Will see what's happening on the open.
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  • #6,238
  • May 24, 2018 2:25am May 24, 2018 2:25am
Got a few more, I think this is looking good for an EU retracement.

Anyway, going into hibernation on here as I start working on moving Thailand and doing this properly fulltime.
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  • #6,239
  • May 24, 2018 2:31am May 24, 2018 2:31am
Quoting C-12
Got a few more, I think this is looking good for an EU retracement. Anyway, going into hibernation on here as I start working on moving Thailand and doing this properly fulltime. {image}
What do you mean?
Are you stopping to post over here?
  • #6,240
  • May 24, 2018 5:18am May 24, 2018 5:18am
Quoting C-12
Got a few more, I think this is looking good for an EU retracement. Anyway, going into hibernation on here as I start working on moving Thailand and doing this properly fulltime. {image}
I wish you good luck man. Do you now feel ready to go full time? If I'm not wrong you always struggled with the discipline part of trading. Seemingly you scalp again the LTFs.

I think living in Thailand is not as cheap as some expect. Renting a good appartment is nearly as expensive as in europe. And don't forget to buy good running shoes to escape all the hookers (at least the male ones).
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