C-12's Supply, Demand and PA thread

Thanks I'll give them a whirl. Also found http://www.onefinancialmarkets.com/markets

Fsa regd and have a monster list of products and usdx

this looks worth an alarm don't think i've ever seen a lev like that where every move up is a gap??!

Not sure about anyone else but I'm itching to get trading again. I was just re-reading romancing the price again and came across a great post by Orbital.

Worth keeping in mind that this is not an easy business and blood and tears are going to be shed. Are you up for the challenge? I am.

http://www.forexfactory.com/showthre...23#post4683423

Hey C-12,

Been trading all last week after Christmas, was a little choppy but came out positive with a great hit on a GBPUSD long off the 1-hour chart Friday.

I actually re-read this entire thread, there's been a lot of great ideas passed around, so thanks again for starting the Wonder Thread

Happy New Year!

Took this trade long off a swap level created in the base. You can clearly see a Drop-Base-Rise pattern forming. This is a pattern within a pattern. The larger pattern has a Supply level around the 9152 area formed back on the 28th. Next we see a smaller Drop-Base-Rise pattern within the base staring on the 30th.

As you can see price moved through the smaller Supply level creating a Swap Level ala KL. For me this sets up a potential long coming out of the base from the Swap level 91340, trading into the larger Supply level @ 9152.

The idea behind this type of trade is if we can find a solid level within the base to trade from, we can trade into a S/D level. Notice the 9152 level. Price moved very agressively away from the area. We know that this a strong Supply level by how price move away from it.

These S/D levels tend to act like Magnets when we have very distinct Drop-Base-Rise patterns froming, so I startd calling these trades Magnet Trades.



Enter w/ 2 market orders 91360 and 91359. Each position being 2 lots. SL for both about 5 pips.



Price finally took off heading for our Target/Supply level.



Exited the trade with 33 pips for each position.


Good trading to all

TSD

C-12
Just browsing forums over break and came accross this thread. Have read most of this and BS trading with kenneth Lee and have found it very interesting. Have not used supply and demand areas before an am keen to persue the system further.
I downloaded your indicators and placed them into my platform ( I am experienced with these matters) but I cannot get either the
#SD_Rectangle_v1.1_Light.ex4 or the Gilben Cleancut CubeV103 to work. I assume that they automatically place the supply and demand rectangles onto the chart. I have followed the instructions, so could you please head me in the right direction to get the indicators working.

Regards,
gregben

These only work when you draw the levels yourself. It's the supdem_ii indicator that draws them automatically.

Just opened up my AVA demo and found this from last week. Think I'll be looking at CFD's a bit more this year.

It's worth having a FX or 3, Gold and/or Oil and a index say DAX for me.


Generally if FX is slow and choppy, either Gold, Oil or the Index's will be on first, so pick what is best at the time.

Increases tradeable days.

Yeah just re-read this thread again and also looked at some past performance. I've actually not had a 25% + week for a while!

Time to get back on the M1 again since I've not been giving it the attention it deserved recently.

And these are the types of trades I want to get taking again... Nice little low risk / high reward moves.

A couple of these per day is all that's needed.

So as price moves up, there aren't too many fresh supply levels here.

I did take that level, stopped out for BE. Saw a nice rejection infront of the upper level and got in... Should go for 20 pips this.

*added M30 chart*

Well it ran for 19, a fresh demand level formed. Should have been my clue to take profits (at least on one position) or take a long lock.

...Still a bit rusty from the festive period.

Ok finally getting my act together!

BE stopped.. but then took lower stacked level. Arrived a little late for the clean entry.

Nice start to the new year.

All M1 buys taken out for BE but caught a nice runner short, hit target for 75 pips.. now long.

Took the same trade as you, Im also long GU

We will see how this goes... everything depends on the Americans now

Also took a small long on GU but just look at that daily pin bar forming. Bit of a concern.

Actually EU looks just as bearish on the daily chart.

Stopped out of long.

James16 himself would probably like the look of this bar.

Yes, nasty bearish pinbar...

Nial Fuller always says about those pinbars that price will return to 50% of the volume, which would be an estimated 1,6280. This would also make a QM setup.

I will watch closely what happens tomorrow.

This is what happened to USDCAD after a false breakout and double top 08/09:

http://www.forexlive.com/wp-content/.../01/usdcad.png