thank you C-12
C-12's Supply, Demand and PA thread
- #6,743
- Nov 28, 2018 12:01pm Nov 28, 2018 12:01pm
Hi friends, regardless of fundamental analysis...!
Its charts that tells us the complete story of Price...!
This time USDCAD H4, (Mostly pending orders works good for me)
Entry (Placing a pending order)
Result: Trade is running at 2R+
Its charts that tells us the complete story of Price...!
This time USDCAD H4, (Mostly pending orders works good for me)
Entry (Placing a pending order)
Result: Trade is running at 2R+
Ahmad Hassan
- #6,744
- Nov 28, 2018 12:02pm Nov 28, 2018 12:02pm
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
Nicely done for those who caught it. Just got home and I missed the action it seems.
A bit of damage has been done to the DX uptrend here. Rather than trying to get involved at this stage will take another look where things stand tomorrow.
Also FOMC coming up.
A bit of damage has been done to the DX uptrend here. Rather than trying to get involved at this stage will take another look where things stand tomorrow.
Also FOMC coming up.
- #6,746
- Nov 28, 2018 2:30pm Nov 28, 2018 2:30pm
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
GBPUSD and USDJPY trades {image} {image}
I guess my question is whether this is just a shakeout spike down within a dollar uptrend or actually a change of trend (Daily / H4)?
Would be interested to see people's thoughts.
{quote} Nice work bleeze
a bit skeptical of the basing area in circle on the monthly....
cut your losses short and let your profit run
- #6,748
- Nov 28, 2018 2:59pm Nov 28, 2018 2:59pm
- | Commercial User | Joined Sep 2018 | 1,427 Posts
{quote} looks like we are sitting on the monthly supply on the USD INDEX chart.....also the daily is on the sideways market....no clear downward momentum line formation.... a bit skeptical of the basing area in circle on the monthly.... {image} {image} {image}
wow very nice bro
- #6,751
- Nov 29, 2018 8:23am Nov 29, 2018 8:23am
- | Commercial User | Joined Sep 2018 | 1,427 Posts
EU scalp today, sadly got stopped out on trailing target after missing 4h supply by a few pips :/ {image}
- #6,752
- Nov 29, 2018 9:39am Nov 29, 2018 9:39am
{quote} Unfortunately my sl hit buddy
I wouldn’t have taken a short there though, you basically went short right where I went long
and it’s generally quite risky to short into daily low (or daily high), even if the short timeframe trend holds, you get stopped out a lot on the pullbacks while continuing downwards.Also keep in mind that we just broke the downtrend in 4h yesterday so I was looking to get long today on some 15m or 5m demand level forming in the pullback.
The level I took was the first fresh one with enough room to the next 5m supply and also close to the 0,382 Fib level from the breakout move yesterday as well as some kind of “base” level that formed after the initial news spike so I took the chance
- #6,755
- Nov 30, 2018 11:11am Nov 30, 2018 11:11am
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
Just a thought on EURCAD - we are sitting in a daily supply within 4H supply, feels like someones building a nice shorts with good R:R ratio. {image}
Managed to get some GU with PA. Was a bit disappointed not to get any follow through so pulled the plug on last entry.
- #6,757
- Nov 30, 2018 12:00pm Nov 30, 2018 12:00pm
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
Forgot about these ones on the spread bet. Micro positions, barely enough to pay for tonight's chinese. 
Also got the missing pips on scalp. Have a great one.
Also got the missing pips on scalp. Have a great one.
- #6,759
- Nov 30, 2018 6:43pm Nov 30, 2018 6:43pm
{quote} You took it? Look like a text book zone.
about your trade at beginning of London session shorts, I get what you've done there, but I couldn't see any zone there, I guess it's pure PA that might create a supply zone - I've been burned so many times doing it so I prefer just sit on my hands and not do it unless it really close enough to a existing supply/demand zone to hide my SL(I guess if you really wanna trade short there your stop should be around 1.2826 and not just above the PA till it formed the zone)
as for your 2 hours after NY open scalps those I might have taken if I was scalping, as it really "textbook" shorts
anyway I'm currently looking at GU longs as it's sitting on Daily + 4H demand(trading the 30m-60m charts)
