{quote} Looks like you got in on the open. Nice trade.We need to have a discussion about that squashed long chart.
this TF less chance to entry but i think it work
C-12's Supply, Demand and PA thread
- #7,161
- Mar 21, 2019 12:38pm Mar 21, 2019 12:38pm
this TF less chance to entry but i think it work
- #7,162
- Mar 21, 2019 12:43pm Mar 21, 2019 12:43pm
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
keep going , accurate still 100%{image}
- #7,164
- Mar 21, 2019 4:24pm Mar 21, 2019 4:24pm
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
A trade for scalp. Lets see. {image}
- #7,169
- Mar 22, 2019 3:47am Mar 22, 2019 3:47am
I was buying euro (luckyly in demo)
Some how I read the trend wrong and even confirmed it in USDX. I see it now but I would be glad to hear your analysis how did you determine direction in the morning? What PA told you it was going down still?
(luckyly in demo)Some how I read the trend wrong and even confirmed it in USDX. I see it now but I would be glad to hear your analysis how did you determine direction in the morning? What PA told you it was going down still?
- #7,170
- Mar 22, 2019 3:52am Mar 22, 2019 3:52am
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
I was buying euro
I'm off to work now so will explain this weekend.
- #7,171
- Mar 24, 2019 5:16am Mar 24, 2019 5:16am
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
Here you go. Most info was on H4. H1/M30 is used just to tighten things up on the entries and give something to tuck a stop behind.
DX was the exact opposite but was actually bouncing out of a D1 demand zone.
Hope this helps.
DX was the exact opposite but was actually bouncing out of a D1 demand zone.
Hope this helps.
- #7,173
- Mar 24, 2019 3:17pm Mar 24, 2019 3:17pm
Here you go. Most info was on H4. H1/M30 is used just to tighten things up on the entries and give something to tuck a stop behind. DX was the exact opposite but was actually bouncing out of a D1 demand zone. Hope this helps.
Here is what I saw when it happened.
I edited the image to show the case in the morning. I'm still not sure how I would have made a different call on this scenario.
Sure I noticed we were coming down from daily demand quite strongly but we were also reacting to the daily demand. How did you determine we had weak PA from the demand?I also noticed we had quite good looking suplly zone on H1 and my original plan the night before was to short that but when I saw it reacting the way it did from daily and h4 demand I changed my mind.
- #7,174
- Edited 4:22pm Mar 24, 2019 3:53pm | Edited 4:22pm
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
{quote} Thank you for your analysis. I see it now. This is still quite hard in live markets
Looking below there was not much to support price. That area you've marked as D1/H4 demand is really nothing but the burnt embers of the grinding uptrend. It sliced through the uptrend line the previous day and took out the last swing low.
If I remember Friday's sell off came pretty sharply on no news. It was a bit of an ambush. One thing I've learned over the years is to be extra attentive around the open for this type of PA and be ready to pounce on it.
I'm also stacking H4 + H1 + M30/M15. I only need a quick glance on D1 so not needed on view. H4 and H1 is essential for me to have in sight at all times.
