C-12's Supply, Demand and PA thread | Page 349 | 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

  • #6,961
  • Jan 13, 2019 6:10am Jan 13, 2019 6:10am
Quoting nathzcinco
{quote} I have an app called forex tester 3 which allows you to load up 15 years worth of data and go back and forth candle by candle on all timeframes from monthly to m1 and trade as if it was a live market ... would you not get a good feel for zones that work and also bias and how to play levels doing this ... regarding news I can also check the calendar and see what news was out
That's good for being confident with your trading method. But there is much difference between back-testing the charts and applying it in the live market. The main difference is due to the mental situation. While back-testing, your mind responds much different than in live market.
Ahmad Hassan
  • #6,962
  • Jan 13, 2019 6:39am Jan 13, 2019 6:39am
Quoting AhmadHassan6
{quote} That's good for being confident with your trading method. But there is much difference between back-testing the charts and applying it in the live market. The main difference is due to the mental situation. While back-testing, your mind responds much different than in live market.
completely agree I do plan on forward testing in live market but I think getting this part down where I feel confident And have a plan written down on what I’m looking for etc should clear things up once I do start and then i guess it would be physchology I would have to work on
  • #6,963
  • Jan 13, 2019 7:06am Jan 13, 2019 7:06am
While back-testing, your mind responds much different than in live market.
  • #6,964
  • Jan 13, 2019 11:30am Jan 13, 2019 11:30am
Quoting nathzcinco
{quote} I have an app called forex tester 3 which allows you to load up 15 years worth of data and go back and forth candle by candle on all timeframes from monthly to m1 and trade as if it was a live market ... would you not get a good feel for zones that work and also bias and how to play levels doing this ... regarding news I can also check the calendar and see what news was out

Hi all. C12 I hope it is ok to answer this with my opinions about back testing.

I think C12 is right. A daily chart for back testing is good. But watching live charts is by far the best. Take for instance all the Brexit stuff right now. If any European leader says or does something strange the market can jump 200 pips, you don't find this on the news. If a trader wants to trade lower time frames you start to get a feel for the current price action. Sometimes you see the anomaly in the chart before it explodes.

Ten years from now when traders are looking at historical charts trying to learn how to trade, this Brexit issue will be no more then a blip on a weekly chart. Bump on a daily. All the news and rumors will have disappeared and Joe trader will be scratching his head wondering why price turned so suddenly out of nowhere. So he will keep throwing on indicators until one matches up then AHAH it's the holy grail.....worthy of a new thread here on FF. When actually all it was Theresa May whispering something about lunch to her assistant.

Have a good week all. Keep your powder dry.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #6,965
  • Jan 13, 2019 12:59pm Jan 13, 2019 12:59pm
I can see one benefit is that it can help train the eye on the types of zones / PA that move price.

But yes, Forex Tester is a different animal to sitting through the daily grind of realtime markets.
  • #6,966
  • Edited 2:23pm Jan 13, 2019 1:05pm | Edited 2:23pm
Talking of historical prices, don't think I've ever placed a trade on CHFJPY before.

Look at the beautiful action on this? Zones, PA and everything. The upper setup in late september would have netted 1,200 pips if you had the TP set on the lower zone. Risk on zone was 50 pips!

Plenty of other setups on W1 and D1 across the board. Just need to be very patient for them to play out.

Similar setup on CADJPY
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CJ.PNG Size: 54 KB
Click to Enlarge Name: CJ2.PNG Size: 54 KB
  • #6,967
  • Jan 15, 2019 11:30am Jan 15, 2019 11:30am
Looking like EU's bull move is done, possibly. Although I'm done trying to make predictions on this pair longer than 2 or 3 days.

Some numpty was arguing in the EU thread a while ago that EURUSD was a great swing trading pair.
Attached Image (click to enlarge)
Click to Enlarge Name: EU.PNG Size: 30 KB
  • #6,968
  • Jan 15, 2019 11:32am Jan 15, 2019 11:32am
Similar on GU. Started the day hoping to catch a few scalps and got a bit of a run going.

Brexit up in a bit but this entry looks quite safe.
Attached Image (click to enlarge)
Click to Enlarge Name: GU.PNG Size: 28 KB
  • #6,969
  • Jan 15, 2019 11:47am Jan 15, 2019 11:47am
Quoting C-12
Similar on GU. Started the day hoping to catch a few scalps and got a bit of a run going. Brexit up in a bit but this entry looks quite safe. {image}

how to seach daily good setupyou are using 15M 30M both chart?
  • #6,970
  • Jan 15, 2019 11:57am Jan 15, 2019 11:57am
Quoting thisara1
{quote} how to seach daily good setupyou are using 15M 30M both chart?
A lot time frame flicking but always H4 on left side and I'm switching between H1/M30 and M15 on right side. Sometimes M5.

GU started of with a bit of PA in an M30 zone, not very high expectations but then H4 rolled over with engulfing and I'm now in sync with H4 direction.

I guess there is some intuition involved, Also full screen dedicated to DX (H4 along side H1,M30 or M15)
Attached Image (click to enlarge)
Click to Enlarge Name: GU.PNG Size: 55 KB
  • #6,971
  • Jan 15, 2019 12:17pm Jan 15, 2019 12:17pm
Quote
A lot time frame flicking but always H4 on left side and I'm switching between H1/M30 and M15 on right side. Sometimes M5.

GU started of with a bit of PA in an M30 zone, not very high expectations but then H4 rolled over with engulfing and I'm now in sync with H4 direction.

I guess there is some intuition involved, Also full screen dedicated to DX (H4 along side H1,M30 or M15)

thank you C-12,,

hellow C-12 this's usd index h4 zone early. how is zone breakout identify correctly?
can you expain other curruncy chart showing please
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Picture16.jpg Size: 150 KB
Click to Enlarge Name: Picture17.jpg Size: 140 KB
Click to Enlarge Name: Picture18.jpg Size: 140 KB
  • #6,972
  • Edited 12:40pm Jan 15, 2019 12:22pm | Edited 12:40pm
Quoting thisara1
{quote} thank you C-12,, hellow C-12 this's usd index h4 zone early. how is zone breakout identify correctly? can you expain other curruncy chart showing please {image}
I prefer the US Dollar Index (DXY) rather than the evenly weighted LFX chart.

Notice the Daily demand zone with nice rejection PA. Then H4 we also had demand, a pullback and 2 nice engulfing moves and space to run.

I see room for this to head to the upside, aiming to sell EU on pullbacks... and probably GU depending on the Brexit output..
Attached Image (click to enlarge)
Click to Enlarge Name: DX.PNG Size: 94 KB
  • #6,973
  • Jan 16, 2019 8:08am Jan 16, 2019 8:08am
C-12 gbpcad recommended setup
Attached Image (click to enlarge)
Click to Enlarge Name: Picture4.jpg Size: 278 KB
  • #6,974
  • Jan 17, 2019 2:16pm Jan 17, 2019 2:16pm
Quoting thisara1
C-12 gbpcad recommended setup {image}
I was a bit caught in two minds on GBP with all this brexit nonesense.

That buy zone was very nice on GCAD.

Managed to get back on the right side with some solid PA earlier.
Attached Image (click to enlarge)
Click to Enlarge Name: GU.PNG Size: 36 KB
  • #6,975
  • Jan 18, 2019 1:31pm Jan 18, 2019 1:31pm
Quoting C-12
{quote} I was a bit caught in two minds on GBP with all this brexit nonesense. That buy zone was very nice on GCAD. Managed to get back on the right side with some solid PA earlier. {image}

DBR. great work there.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 29 KB
Wait for the system to show you the trade!
  • #6,976
  • Jan 18, 2019 3:12pm Jan 18, 2019 3:12pm
Quoting MrDevisen
{quote} DBR. great work there. {image}
Was a nice zone and textbook PA.

Got a few scalps on the way back down but ended up with PE (premature evacuation).
Attached Image (click to enlarge)
Click to Enlarge Name: GU.PNG Size: 44 KB
  • #6,977
  • Jan 18, 2019 3:19pm Jan 18, 2019 3:19pm
Quoting C-12
{quote} Was a nice zone and textbook PA. Got a few scalps on the way back down but ended up with PE (premature evacuation). {image}
are you remember gbpcad?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Picture1.jpg Size: 112 KB
Click to Enlarge Name: Picture2.jpg Size: 104 KB
  • #6,978
  • Jan 18, 2019 3:26pm Jan 18, 2019 3:26pm
Quoting thisara1
{quote} are you remember gbpcad? {image} {image}
Good stuff.

Wasn't a very active week for me. Today's EU setup appeared at the NY open so wasn't around.

I was eyeing up a limit order but the zone wasn't a peach so just left it.
Attached Image (click to enlarge)
Click to Enlarge Name: EU.PNG Size: 104 KB
  • #6,979
  • Jan 18, 2019 11:50pm Jan 18, 2019 11:50pm
Quoting C-12
{quote} Today's EU setup appeared at the NY open so wasn't around.......
The Market's aren't going anywhere soon. There will always be another opportunity....... Didn't take it either but it was very nice.

Attached Image (click to enlarge)
Click to Enlarge Name: SP 7.jpg Size: 134 KB


Also been playing around with the 8 minute chart. I kinda like it.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #6,980
  • Jan 19, 2019 3:30am Jan 19, 2019 3:30am
Quoting HiddenGap
{quote} The Market's aren't going anywhere soon. There will always be another opportunity....... Didn't take it either but it was very nice. {image} Also been playing around with the 8 minute chart. I kinda like it.
A bit of learning I took from last week was that 3 day sideways choppy movement.

Notice the the setup that was building with a little swing high (red X) causing breakout traders to buy straight into supply.

Love setups like this but don't always catch them! Anyone see the same setup on USDCAD?
Attached Image (click to enlarge)
Click to Enlarge Name: EH4.PNG Size: 75 KB
1 trader viewing now