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C-12's Supply, Demand and PA thread

  • #7,321
  • Jun 25, 2019 9:22am Jun 25, 2019 9:22am
Quoting Fonzi
{quote} GU stop hunt accomplished now down? Let's see. On the other hand USDx could go a bit deeper.
I was thinking we might get a small pullback and another leg up. There's a H4 demand a bit lower down. Not really feeling the PA on GU right now so staying out after a couple of earlier stabs at it.

Mainly just been picking small 6 - 8 pip scalps on EU today. Had a feeling this was going to be a low volume week..
  • #7,322
  • Jun 25, 2019 10:43am Jun 25, 2019 10:43am
I'll watch for scalps if GU goes down to the 4hr demand. I had also only 2 little trades today.

Gold is in a really nice uptrend since the last weeks. Has anybody traded it?
  • #7,323
  • Jun 25, 2019 12:31pm Jun 25, 2019 12:31pm
Quoting Fonzi
I'll watch for scalps if GU goes down to the 4hr demand. I had also only 2 little trades today. Gold is in a really nice uptrend since the last weeks. Has anybody traded it?
Had a bit of crap day. Totally misread EU and GU and ended up a down day after a decent start shorting both on the open. Didn't hit the loss limit but was close.

We'll see where we're at tomorrow after I've journalled this pile of steaming turd..

One thing I've realised is that if I'm ever on M5 or even M1 to find a trade, I've lost sync. All information needed on directly is always found on D1/H4/H1/M15.
  • #7,324
  • Jun 25, 2019 1:05pm Jun 25, 2019 1:05pm
new zone eurusd 30M my view
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  • #7,325
  • Jun 25, 2019 1:20pm Jun 25, 2019 1:20pm
Quoting thisara1
new zone eurusd 30M my view {image}
Yes maybe, we have had a good rejection of a D1 supply

I am going to wait until tomorrow and see where things are at. That yellow S/R line is key.
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  • #7,326
  • Edited 2:05pm Jun 25, 2019 1:53pm | Edited 2:05pm
Hi C-12, I have a question, is there any way to know in advance why the area I marked, became the demand zone yesterday?...or today
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Always trade your own plan...I don't provide trading signals.
  • #7,327
  • Edited 2:23pm Jun 25, 2019 2:08pm | Edited 2:23pm
Quoting Coreg2004
Hi C-12, I have a question, is there any way to know in advance why the area I marked, became the demand zone yesterday?... {image}
There might have been a small pocket of lower time-frame supply hidden to the left of there (possibly M5 or M1) and the M30 level was created from the upthrust.

You can actually buy these areas as they form, right at the moment the demand is created if you're fast enough to catch it. SL would then go behind the newly created zone.

Sam Seiden would say there were unfilled buy orders that are still sat there waiting.

I'm not totally convinced that is the case, but I am 100% sure the market is absolutely using these levels.

That was a good zone.
  • #7,328
  • Edited 2:45pm Jun 25, 2019 2:12pm | Edited 2:45pm
Looking at GU now we can see the H4 demand we bounced off.

It has just printed a M30 demand level here. If this was early in the session I'd be buying this PA with open arms expecting some follow through.

Right now, I'd prefer wait until the London open tomorrow to see where things are at.

Not a fan of grinding through an overnight hold. Also D1 trend may have changed.
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  • #7,329
  • Jun 25, 2019 2:25pm Jun 25, 2019 2:25pm
C-12, When I am done with putting my mumbo-jumbo on the chart and then look to left I always find S/D zone which will hold. I started to think about shortcuts, what if I knew in advance which S/D zone to choose without my work...I know I become lazy, a bad omen.
Thanks for your answer. Good luck with your trading.
Always trade your own plan...I don't provide trading signals.
  • #7,330
  • Jun 25, 2019 2:32pm Jun 25, 2019 2:32pm
I was away when all the action happened
  • #7,331
  • Jun 25, 2019 2:35pm Jun 25, 2019 2:35pm
Quoting Coreg2004
C-12, When I am done with putting my mumbo-jumbo on the chart and then look to left I always find S/D zone which will hold. I started to think about shortcuts, what if I knew in advance which S/D zone to choose without my work...I know I become lazy, a bad omen. Thanks for your answer. Good luck with your trading.
It's hard to know for sure in advance which zones will hold. The only way I know how to filter them is with a D1 and a H4 chart.

If you've got the HTF on your side, these zone are very high probability.
  • #7,332
  • Jun 25, 2019 2:36pm Jun 25, 2019 2:36pm
Quoting Fonzi
I was away when all the action happened
Not only was I at the screen I was on the wrong side of it.

I still find it amazing I can do all the correct analysis and then for some bizarre reason I trade the complete opposite to it!

Trading is a funny old business at times.
  • #7,333
  • Jun 25, 2019 2:53pm Jun 25, 2019 2:53pm
Quoting C-12
{quote} Not only was I at the screen I was on the wrong side of it. I still find it amazing I can do all the correct analysis and then for some bizarre reason I trade the complete opposite to it! Trading is a funny old business at times.
I think as long as your trading can compensate such paradox human behaviour you should not be overly worried.
  • #7,334
  • Jun 25, 2019 3:04pm Jun 25, 2019 3:04pm
Quoting C-12
{quote} Yes maybe, we have had a good rejection of a D1 supply I am going to wait until tomorrow and see where things are at. That yellow S/R line is key. {image}
What Level is this yellow line? Last broken Daily Swing high/Pivot?
  • #7,335
  • Jun 25, 2019 3:09pm Jun 25, 2019 3:09pm
Quoting NightRain
{quote} What Level is this yellow line? Last broken Daily Swing high/Pivot?
Yup, exactly that. Sometimes these levels can turn into a support level used to propel a breakout onwards.

For the trend on EU to turn bullish, that line needs to hold.

If price closes beneath it, Id be looking for more bear action on EU.
  • #7,336
  • Jun 25, 2019 3:24pm Jun 25, 2019 3:24pm
Quoting C-12
{quote} Yup, exactly that. Sometimes these levels can turn into a support level used to propel a breakout onwards. For the trend on EU to turn bullish, that line needs to hold. If price closes beneath it, Id be looking for more bear action on EU.
Thanks, I also thought about including these levels.
Same kind of level hold in USDJPY a few days ago.
Just haven't came up with a strict rule-set yet, to include these levels in a way that I can code it.

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  • #7,337
  • Jun 25, 2019 6:56pm Jun 25, 2019 6:56pm
Quoting C-12
{quote} It's hard to know for sure in advance which zones will hold. The only way I know how to filter them is with a D1 and a H4 chart. If you've got the HTF on your side, these zone are very high probability.
Thanks C-12, I will practice with it.
Always trade your own plan...I don't provide trading signals.
  • #7,338
  • Jun 26, 2019 8:34am Jun 26, 2019 8:34am
Hi ALL,

GU .... D1 and H4 ..... Watching ....for SELL ...

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  • #7,339
  • Jun 26, 2019 9:00am Jun 26, 2019 9:00am
Quoting mrhb30jr
Hi ALL, GU .... D1 and H4 ..... Watching ....for SELL ... {image} {image}
Good afternoon sir,

I want to see how this H4 candle closes in this H4 demand. A bullish close will get me interested in a long with a stop below PA.

Already got a buy on after being taken out for BE earlier. Same crap on EU, lot of BE and niggly small losers but got back in.

Another low volume day again.. Feels like a bank holiday.
  • #7,340
  • Jun 26, 2019 9:12am Jun 26, 2019 9:12am
Quoting C-12
{quote} Good afternoon sir, I want to see how this H4 candle closes in this H4 demand. A bullish close will get me interested in a long with a stop below PA. Already got a buy on after being taken out for BE earlier. Same crap on EU, lot of BE and niggly small losers but got back in. Another low volume day again.. Feels like a bank holiday.
Hi C12,

Yes u r right C12, i see demand strong kick the ball back to supply area....

H1 Chart confirmed by break out Inside bar at demand area ...

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cheers
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