C-12's Supply, Demand and PA thread

Monday messy PA.

NZD USD gap close

http://i.imgur.com/UoVPMeS.png

http://i.imgur.com/ul6EIOX.png

GU scalp after that crazy upmove calmed down...

This is usually a good strategy to get into a reversal trade after a strong trend day such as GU today.

You have to wait for price building a base or kind of PA such as engulfings (e.g M5) and price also has to move away from level. Also we have to exceed ATR that this is valid and usually best time when this happens is around mid NY or end of NY session, because thats when it goes into Asia and things usually calm down after news event such as carney craziness...

USDCAD

http://i.imgur.com/5otSso5.png

GBPCAD


http://img62.imageshack.us/img62/1566/gw41.png

Been busy this week with everything expect trading this week.Hoping this has some legs.

ROOI:nerd:

Gu sc from other acc

http://i.imgur.com/XhNndWZ.png

EURHUF swing partial TP

http://img18.imageshack.us/img18/1834/dq3y.png

Can you please explain why you took this trade?

Thanks

It was a small touch trade within reaction zone (swap) + S/R H4 flip line

I was expecting some retracement since GU was long overdue for some correction, and i anticipated some retracement in this zone

http://i.imgur.com/t3MRoM2.png

Ok, thanks, just wanted to clarify that you had gone that far back. Thought I might be missing some aspect of PA in the very short time scale.

Here is the 1HR TF view. We are in an up trend. I call this a SD Magnet Trade as price tends to act like (IMHO) a Magnet within the SD Pattern. In this case we are in a Drop-Base-Rise pattern on the higher TF. We are trading the Rise of the that Pattern. From here I will drill down looking for a Pattern w/in the Pattern to get long. Simply looking for a Demand Level in a smaller TF . Again, price tends to be drawn back into Supply or Demand levels when you see the pattern set up like this. I simply gave this type of trade a name, SD Magnet Trade, so that I could classify the WHY's behind taking this trade.




We got long on the M1 at Demand looking for the Supply Magnet to pull price upwards. You can in the traditional...The trend indicates an up move but, the question again is, WHY ?? What leads one to think that price will have a higher probability to continue to move long in the trend? For me, simply having the trend as the only observation does not allow me enough confidence to take this trade. The SD Magnet Trade allows me to further quantify, WHY the trend should continue.



Price hitting our TP

SL = 8 pips

TP = 34 pips

R/R 4:1

Price does go on to hit Supply at 9198 area.

TSD

AUDUSD

Opened trade after fresh supply zone was created, cl at next demand

http://i.imgur.com/mvw5OnO.png

Crude Oil

Basically out most... now testing some trailing

http://i.imgur.com/xO5wRbM.png

What do you think about the future moves of commodity currencies AUD, NZD, CAD?

USDMXN M5......
here the updated USDMXN M15 ... continue going higher ..

eurousd m5......hold short

GU M5 Short Entry...

Closed rest of EU position

http://img18.imageshack.us/img18/9369/wxr8.png

EU M15 breakout the bearish flag ....