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C-12's Supply, Demand and PA thread

  • #781
  • Dec 3, 2012 3:37am Dec 3, 2012 3:37am
Still got a position short EJ off my scalping account, which is always nice to catch a runner.
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  • #782
  • Dec 3, 2012 3:55am Dec 3, 2012 3:55am
Quoting C-12
Nice, I missed the spike but caught the pullback.
yeah. i am BE now
looking for investors . pm me
  • #783
  • Dec 3, 2012 3:56am Dec 3, 2012 3:56am
Quoting C-12
Still got a position short EJ off my scalping account, which is always nice to catch a runner.
nice trade
looking for investors . pm me
  • #784
  • Dec 3, 2012 4:07am Dec 3, 2012 4:07am
Hi everyone. C-12, great thread also something from me
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  • #785
  • Dec 3, 2012 4:47am Dec 3, 2012 4:47am
Quoting kiero_fx
Hi everyone. C-12, great thread also something from me
hi kiero. nice chart with nice price action understanding. good luck
looking for investors . pm me
  • #786
  • Dec 3, 2012 4:56am Dec 3, 2012 4:56am
Caught the GBPUSD spike but bit pissed off since I forgot to move my auto 20 pip take profit line... Oh well.
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  • #787
  • Dec 3, 2012 6:03am Dec 3, 2012 6:03am
Quoting kbmoonshinex
hi kiero. nice chart with nice price action understanding. good luck
Thanks mate busy day today... I forgot to turn at morning my alerts on and I missed this perfect setup on the dragon...
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  • #788
  • Dec 3, 2012 6:13am Dec 3, 2012 6:13am
Hi C-12,

I have been following you for a while......I just want to say one thing....

This tread is a "masterpiece"......this is the real thing.....
  • #789
  • Dec 3, 2012 10:44am Dec 3, 2012 10:44am
Quoting kiero_fx
Thanks mate busy day today... I forgot to turn at morning my alerts on and I missed this perfect setup on the dragon...
Interesting how you drew that rectangle. Are you drawing on some deeper insights into S&D? Ordinarily, once price cuts through a supply zone it is no longer valid -- though in this particular case it looks as though a demand zone formed later in about the same place. And the congestion region in the middle of the rectangle seems to have an upward bias, does that mean anything?
Sure I have a trading plan. Buy low. Sell high. What's yours?
  • #790
  • Dec 3, 2012 1:21pm Dec 3, 2012 1:21pm
Quoting 4xPIPAHOLIC
Hi C-12,

I have been following you for a while......I just want to say one thing....

This tread is a "masterpiece"......this is the real thing.....
Cheers, welcome aboard and hope to see some charts

Thought I'd share this tasty little indicator you can use to mark off the London open on your charts. This is essential for any morning session scalper imo.

My broker is GMT so I set the value for 8.
Attached File(s)
File Type: mq4 daily_close_line.mq4   3 KB | 435 downloads
File Type: ex4 daily_close_line.ex4   2 KB | 385 downloads
  • #791
  • Dec 3, 2012 1:24pm Dec 3, 2012 1:24pm
Here was the EURJPY chart I posted from this morning. Notice what happened at the green line (London open).

The red lines are the previous day's high and low. I'll dig out the indicator for this sometime.

The blue lines I stick on manually to highlight the current day's high and low.
Attached Image (click to enlarge)
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  • #792
  • Dec 3, 2012 2:40pm Dec 3, 2012 2:40pm
Quoting Trainman
Interesting how you drew that rectangle. Are you drawing on some deeper insights into S&D? Ordinarily, once price cuts through a supply zone it is no longer valid -- though in this particular case it looks as though a demand zone formed later in about the same place. And the congestion region in the middle of the rectangle seems to have an upward bias, does that mean anything?
I'll try to explain everything on charts
first chart - 30min for location (S/D zone)
second - 1min for setup and trigger
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: dragonm1.jpg Size: 136 KB
  • #793
  • Dec 4, 2012 12:22am Dec 4, 2012 12:22am
Quoting kiero_fx
I'll try to explain everything on charts
first chart - 30min for location (S/D zone)
second - 1min for setup and trigger
Thanks! I like your analytical style.
Sure I have a trading plan. Buy low. Sell high. What's yours?
  • #794
  • Dec 4, 2012 12:47am Dec 4, 2012 12:47am
Quoting C-12
Here's something I've noticed happens a lot. Price arrives at a H1 / H4 level and then stalls for an hour and moves away from the level.

However, you then often get a secondary pop just above the swing high to take out the stops and break evens... I see this almost everytime!

Price then does what it was going to do and reverses.

Anyway... It's all about the screentime.
You know, I see this type of thing all the time, not just in S&D levels, but in practically every other support/resistance mechanism you can name, for example trend lines. I see prices following a well formed trend line, then an unmistakeable breakout occurs, it goes maybe 5 pips across the line, then turns around and breaks back in and turns into a runner in the original trend direction. This type of behavior is unusually common in the Forex.

Some people ascribe this to stop hunters and hedge funds acting in a predatory fashion to trigger the nearby SLs. But if you do the math you'll see there isn't a lot of profit to gain by it. My theory is that because currencies are traded in pairs and one currency occurs in multiple pairs, action in one pair can cause price movements in other pairs that won't respect their technical levels.

But whatever the explanation, it does make using breakeven stops more difficult. I suppose you could even use it as a signal, by placing your limit order a few pips behind the level you expect is going to hold.
Sure I have a trading plan. Buy low. Sell high. What's yours?
  • #795
  • Dec 4, 2012 1:23am Dec 4, 2012 1:23am
morning. BE now
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looking for investors . pm me
  • #796
  • Dec 4, 2012 1:56am Dec 4, 2012 1:56am
Morning guys, well this idea seemed to work.
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  • #797
  • Dec 4, 2012 2:23am Dec 4, 2012 2:23am
Quoting C-12
Morning guys, well this idea seemed to work.
looking for investors . pm me
  • #798
  • Dec 4, 2012 2:27am Dec 4, 2012 2:27am
Quoting Trainman
Thanks! I like your analytical style.
You're welcome
  • #799
  • Dec 4, 2012 3:14am Dec 4, 2012 3:14am
Was away from the PC so didn't catch the clean entry but it was based off a M15 chart.
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  • #800
  • Dec 4, 2012 3:22am Dec 4, 2012 3:22am
Quoting C-12
Cheers, welcome aboard and hope to see some charts

Thought I'd share this tasty little indicator you can use to mark off the London open on your charts. This is essential for any morning session scalper imo.

My broker is GMT so I set the value for 8.
thank you for this c-12... been looking for exactly this, this morning... starting to think you can read my mind
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