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C-12's Supply, Demand and PA thread

  • #6,821
  • Dec 10, 2018 6:30am Dec 10, 2018 6:30am
my short entries on GU from LO today (arrows = entries, using mt4 only for drawing)

reasons: h1/h4 PA and zones, gu in downtrend still and DX was sitting on demand zone h1/h4 since morning
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  • #6,822
  • Dec 10, 2018 8:36am Dec 10, 2018 8:36am
Quoting Giova86
my short entries on GU from LO today (arrows = entries, using mt4 only for drawing) reasons: h1/h4 PA and zones, gu in downtrend still and DX was sitting on demand zone h1/h4 since morning {image} {image}
seem like dux arrived to supply zone in h1/h4. ideal place to take most of take profits from morning shorts on GU
GU h4 reached demand zone too
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  • #6,823
  • Dec 10, 2018 8:44am Dec 10, 2018 8:44am
Quoting Giova86
{quote} seem like dux arrived to supply zone in h1/h4. ideal place to take most of take profits from morning shorts on GU GU h4 reached demand zone too {image} {image}

can you share template nice look
  • #6,824
  • Dec 10, 2018 10:08am Dec 10, 2018 10:08am
Quoting Giova86
{quote} seem like dux arrived to supply zone in h1/h4. ideal place to take most of take profits from morning shorts on GU GU h4 reached demand zone too {image} {image}
adde new fresh shorts on GU, May speech helpeds and trend is still down
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  • #6,825
  • Dec 10, 2018 11:20am Dec 10, 2018 11:20am
Looks like you're managing to find some action on GU.

Being a bit more cautious and stuck with EU. I did get wrong footed on the open but recovered it and then some.
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  • #6,826
  • Dec 10, 2018 11:29am Dec 10, 2018 11:29am
Quoting C-12
Looks like you're managing to find some action on GU. Being a bit more cautious and stuck with EU. I did get wrong footed on the open but recovered it and then some. {image}
GU was today gold mine, I am trading and focusing only GU and sometimes EU but thats it, + DX obviously
was just following trend on h1/h4 with PA and waited for m15/m5 to retest new levels from below on way down to add more shorts, I am shorting GU nearly daily for last 1 month and half
  • #6,827
  • Dec 10, 2018 12:08pm Dec 10, 2018 12:08pm
Quoting Giova86
{quote} GU was today gold mine, I am trading and focusing only GU and sometimes EU but thats it, + DX obviously was just following trend on h1/h4 with PA and waited for m15/m5 to retest new levels from below on way down to add more shorts, I am shorting GU nearly daily for last 1 month and half
Yep, slightly kicking myself on GU since that was a 200 pip move off the open.

Got a few more collects on EU as a small consolation.
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  • #6,828
  • Dec 10, 2018 12:42pm Dec 10, 2018 12:42pm
my biggest reason to look for shorts today on GU was DX, he is in range for days/weeks and we had triple bottom (pic) on h4, also demand zone for h1, and then LO broke daily open and retested it, we got new deman zones on h1 + retests with both LO and NY h1 which are main times to trade for me coz of liquidity and orders

GU is in downtrend for month with some consolidation zones but still in down trend, so that + DX = still shorting
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  • #6,829
  • Dec 10, 2018 2:12pm Dec 10, 2018 2:12pm
Quoting C-12
Looks like you're managing to find some action on GU. Being a bit more cautious and stuck with EU. I did get wrong footed on the open but recovered it and then some. {image}
speaking of cautious, I wonder when you move your stops to B/E?

look how many times I get involved and getting stopped for 1 pips..
it really can get me frustrated sometimes
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  • #6,830
  • Dec 10, 2018 2:37pm Dec 10, 2018 2:37pm
Quoting Irad
{quote} speaking of cautious, I wonder when you move your stops to B/E? look how many times I get involved and getting stopped for 1 pips.. it really can get me frustrated sometimes {image}
Getting a general feel for daily range is very useful. You could try the ATR projections indicator. This will give you an idea how far price will travel on average on a given session. This can get you in a mindset of allowing trades some breathing room.

I have an indicator that displays 5 day ATR in the bottom corner of the screen.

I also use an Auto SL EA at 20 pips for all positions. This gives an aid to visualise a 2:1 or 3:1 RR and helps prevent premature exits or BE stop out.

The rest is just practice, screentime and constantly looking left (and up at DX)
  • #6,831
  • Dec 10, 2018 6:34pm Dec 10, 2018 6:34pm
Quoting C-12
{quote} Getting a general feel for daily range is very useful. You could try the ATR projections indicator. This will give you an idea how far price will travel on average on a given session. This can get you in a mindset of allowing trades some breathing room. I have an indicator that displays 5 day ATR in the bottom corner of the screen. I also use an Auto SL EA at 20 pips for all positions. This gives an aid to visualise a 2:1 or 3:1 RR and helps prevent premature exits or BE stop out. The rest is just practice, screentime and constantly looking...
you set sl to b/e at 20 pips or set sl at 20 pips from you entry? didn't understand your reply totally
  • #6,832
  • Dec 11, 2018 1:16am Dec 11, 2018 1:16am
Quoting Irad
{quote} you set sl to b/e at 20 pips or set sl at 20 pips from you entry? didn't understand your reply totally
I don't really apply BE until price has travelled around 2:1 RR or we've had a good retest of my entry area (which is usually an engulfing PA).

I was previously very aggressive with BE and had the same issues you've experienced.

Try not using BE at all for a few weeks. Get used to the feeling of giving the trades the space they need.
  • #6,833
  • Dec 11, 2018 2:46am Dec 11, 2018 2:46am
tried longs on GU when L opened, not like I am expecting it to rise to heaven, just correction till we find supply again

reasons : DX at the top of big h4 range, was expecting refusal there + GU has demand zone on all time frames since early morning, which surprised me so I tried longs after LO, ideal tf for entries m5/m15, multiple retests and HLs there
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  • #6,834
  • Dec 11, 2018 2:53am Dec 11, 2018 2:53am
gbpnzd fire
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  • #6,835
  • Dec 11, 2018 8:26am Dec 11, 2018 8:26am
EURAUD scalp.....roll over PA....EURGBP nailed....second entry got stopped out. my SL was too tight.
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cut your losses short and let your profit run
  • #6,836
  • Dec 11, 2018 8:38am Dec 11, 2018 8:38am
Quoting bleeze
EURAUD scalp.....roll over PA....EURGBP nailed....second entry got stopped out. my SL was too tight. {image} {image}
same entry lol
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  • #6,837
  • Dec 11, 2018 8:49am Dec 11, 2018 8:49am
Quoting thisara1
{quote} same entry lol {image}
weldone bro....lol
cut your losses short and let your profit run
  • #6,838
  • Dec 11, 2018 9:40am Dec 11, 2018 9:40am
Anyone get this one?

Got a few annoying stops outs at the open trying to short the zone.

Had to be a bit patient for the setup. Notice the round number got hit on the nose. Holding these last few.
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  • #6,839
  • Dec 11, 2018 9:48am Dec 11, 2018 9:48am
Quoting C-12
Anyone get this one? Got a few annoying stops outs at the open trying to short the zone. Had to be a bit patient for the setup. Notice the round number got hit on the nose. Holding these last few. {image}
nice catch on EU, I am still fan of GU

short from 2619
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  • #6,840
  • Dec 11, 2018 9:50am Dec 11, 2018 9:50am
Quoting Giova86
{quote} nice catch on EU, I am still fan of GU short from 2619 {image}
Great GU zone on M30 there.

I would not touch this pair (or EU) on the long side with a barge pole.

DX looks primed for a pop here.
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