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C-12's Supply, Demand and PA thread

  • #7,421
  • Edited 12:16pm Jul 9, 2019 11:52am | Edited 12:16pm
Quoting Ygr
C-12, Thanks for answering all of my questions. Do you pay any attention to thrust bars? And do higher TFs negate lower TFs i.e. if there's already been a move toward and then away from a S/D zone in a Higher TF, would you not take it again in a lower TF? It seems to me that if a move has already been made in a higher TF then it is inadvisable to take it in a lower TF (I am talking about 1HR being the higher TF and 15 min. being the lower TF).
I would need to see some specific examples to get some context.

As for thrust candles, yes definitely. Check the USDCAD entry on the last page and notice the PA on H1. With DX trending up, that was something to get involved with as it formed.

To summarise the strategy, I am short term trend following D1/H4 using LTF (H1/M30/15) to get a pullback to a zone or an engulfing entry in line with HTF. USDX is a big part of the decision.

DD is almost zero as I prefer to cut trades if they're not performing and there's plenty of aborted trades. Not many this week yet though.
  • #7,422
  • Jul 10, 2019 3:32am Jul 10, 2019 3:32am
Lets see, GBP news coming out, still think overall bias is down. M15 Supply just above entry.
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  • #7,423
  • Jul 10, 2019 5:28am Jul 10, 2019 5:28am
Quoting Fredrik7
Lets see, GBP news coming out, still think overall bias is down. M15 Supply just above entry. {image} {image}
The problem with your entry is that GBPJPY broke out of a range and the 4hr zone was a bit higher. That means that the probability that price will test the range and go higher into the 4hr zone is high what price does in the end.
  • #7,424
  • Jul 10, 2019 6:32am Jul 10, 2019 6:32am
moved SLs down to be once bounce of previous low and got kciked out, closed upper trade at the same time, in a bit of a chop now. +15.6 pips
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  • #7,425
  • Jul 10, 2019 8:41am Jul 10, 2019 8:41am
Dollar spike down after Fed Powell,
locked in at BE, see if it can make it to 1.25
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  • #7,426
  • Jul 10, 2019 8:54am Jul 10, 2019 8:54am
Quoting Fredrik7
Dollar spike down after Fed Powell, locked in at BE, see if it can make it to 1.25 {image} {image}
closed +12.5
  • #7,427
  • Jul 10, 2019 11:15pm Jul 10, 2019 11:15pm
Reaction to daily demand...
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  • #7,428
  • Edited 12:41am Jul 11, 2019 12:29am | Edited 12:41am
Quoting madboy
Reaction to daily demand... {image}
Nice. Textbook zone, also the inverse on DX.

Not in any trades right now. Hit my weekly target limit on Tuesday so my EA wont let me play.

Question is. Is this a temporary pullback in a downtrend or a key reversal?
  • #7,429
  • Jul 11, 2019 2:06am Jul 11, 2019 2:06am
Let's see what price does at this thick middle supply zone on H4,my optimistic target is 1.13450 and then down.
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  • #7,430
  • Jul 11, 2019 2:55am Jul 11, 2019 2:55am
Quoting madboy
Reaction to daily demand... {image}
My try with a weaker outcome
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  • #7,431
  • Jul 11, 2019 3:16am Jul 11, 2019 3:16am
Quoting madboy
Let's see what price does at this thick middle supply zone on H4,my optimistic target is 1.13450 and then down. {image}
Yep, that circled area looks like it's pretty compressed. Should be another leg up from here.

GU looks good for a move up but there's a cheeky M30 supply hiding just above here with news coming up soon.

Oz and Kiwi looking bullish.
  • #7,432
  • Jul 16, 2019 1:20pm Jul 16, 2019 1:20pm
GBPUSD & EURUSD...!
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Ahmad Hassan
  • #7,433
  • Edited 5:37am Jul 17, 2019 5:20am | Edited 5:37am
Quoting AhmadHassan6
GBPUSD & EURUSD...! {image} {image}
Excellent entries. Just got back from a few days holiday in Wales and now scratching around to find some action.

If we can get some PA I fancy another leg down in EU and GU.

UCAD worth watching with news up shortly. Is this turkey finally going to get in line with DX?

If we can get a solid H4/H1 bull candle it might be something to tuck a stop behind. Retraced more than I would like to see though..
  • #7,434
  • Jul 20, 2019 11:30pm Jul 20, 2019 11:30pm
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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #7,435
  • Jul 22, 2019 3:51am Jul 22, 2019 3:51am
Couple of crackers this AM on GBPAUD and GBPJPY and a couple of adds on the pullback.

Had a bit of a breakthrough over the weekend for alerting and managing crosses. It's good to be back on them.
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  • #7,436
  • Edited 6:23am Jul 22, 2019 5:50am | Edited 6:23am
Cracked a few open on ECAD.

Downtrend is strong but liked the zone and PA for a bounce. See if we get any follow through.

Target in yellow looks like a good area to short.

UCAD might be even better depending on what DX has in mind.
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  • #7,437
  • Jul 22, 2019 8:15am Jul 22, 2019 8:15am
Took one off UCAD. M15 zone. Got another target slightly above highs and one to run.

Don't think this M15 is of concern but good area to take something off.
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  • #7,438
  • Jul 22, 2019 11:52am Jul 22, 2019 11:52am
Quoting C-12
Had a bit of a breakthrough over the weekend for alerting and managing crosses. It's good to be back on them (emphasis added)
Although I am currently not a fan of trading crosses, care to share some of your insight(s)?
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #7,439
  • Edited 1:03pm Jul 22, 2019 12:14pm | Edited 1:03pm
Quoting HiddenGap
{quote} Although I am currently not a fan of trading crosses, care to share some of your insight(s)?
Yes definitely.

I've always loved the crosses but struggled to day trade 16 - 20 pairs of D1 down to M30 / M15. It was just too damn stressful.

The main benefit to trading the crosses is the pip count. If you look at EU today's trading range is 18 miserable pips!

Today I've managed to dig out 548 pips, a 10% gain on a 25:1 leverage account on a Monday. Although that isn't going to happen every day, I think people are placing a hard limit on themselves only trading EU and GU.

I'll explain on the next post how I'm managing 20+ pairs using MT4 built in alerts, a position size calculator, floating charts and a symbol switcher.

This info might not be fully helpful if not using MT4.
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  • #7,440
  • Edited 2:39pm Jul 22, 2019 12:23pm | Edited 2:39pm
First indicator is the Symbol Switcher.

This allows you to stack D1/H4/H1/M15 and cycle quickly through the pairs, while retaining D1/H4/H1 and M15 in view.

https://www.forexfactory.com/showthr...1#post12359891

Second is Floating Charts. You can register a free trial for 14 days for it to try it out. This allows you to spread D1/H4/H1 and M15 across multiple monitors. This is what makes Symbol Switcher (above) extremely useful.

http://www.floatingcharts.com/
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