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C-12's Supply, Demand and PA thread

  • #3,741
  • May 20, 2016 2:38am May 20, 2016 2:38am
Quoting alrightfrank
{quote} and i thought i was alone {quote} C-12 that was fast, iwas screening my chart the whole day LOL! {image}
Keep an eye on USDX. Only a scenario. When it play out this way your eu long will be in trouble
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  • #3,742
  • May 20, 2016 2:45am May 20, 2016 2:45am
GU looks mega bearish on all timeframes but I can see a possible bullish sting forming to watch for.
  • #3,743
  • May 20, 2016 5:01am May 20, 2016 5:01am
Quoting MCFly
{quote} Keep an eye on USDX. Only a scenario. When it play out this way your eu long will be in trouble.
thanks for the heads up bro, the thing is i cant find the usdx in my icmarket platform
  • #3,744
  • May 20, 2016 5:12am May 20, 2016 5:12am
Quoting alrightfrank
{quote} thanks for the heads up bro, the thing is i cant find the usdx in my icmarket platform
You can try this: Open the market watch and right click. Then choose show all und look if USDX is in the list. If not open an demo account at fxpro or admiral markets.
  • #3,745
  • May 20, 2016 5:25am May 20, 2016 5:25am
Quoting alrightfrank
{quote} thanks for the heads up bro, the thing is i cant find the usdx in my icmarket platform
US dollar index is "DXY_M6" with IC Markets.
  • #3,746
  • May 20, 2016 10:45am May 20, 2016 10:45am
Quoting C-12
Ok, better get out to work and see what happens with these. {image}
Well, not what I expected. I guess it wanted the scenic route...
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  • #3,747
  • May 20, 2016 10:56am May 20, 2016 10:56am
Bit of a swing closer on EN. Lower entries weren't the best but ended up ok.
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  • #3,748
  • May 20, 2016 12:51pm May 20, 2016 12:51pm
Something for the weekend. Have a good one.
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  • #3,749
  • May 20, 2016 3:53pm May 20, 2016 3:53pm
Quoting alrightfrank
try this josh1125, at ur mt4 click: file\opendatafolder\MQL4\indicators... then paste all the indicator files.
Thank you..Got it working
  • #3,750
  • May 23, 2016 9:33am May 23, 2016 9:33am
Bit of GU to start the week.

Started off as an M5 scalp off S/R but turned into a decent runner.
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  • #3,751
  • May 23, 2016 9:46am May 23, 2016 9:46am
I decided to join the gbpusd sell train..Let's see what happens

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  • #3,752
  • May 23, 2016 9:55am May 23, 2016 9:55am
Quoting josh1125
I decided to join the gbpusd sell train..Let's see what happens {image}
Just be careful as we've just pulled a H1 bull engulf off H4 demand.... Although M1 scalps don't really matter what direction H4 shows.
  • #3,753
  • May 23, 2016 10:37am May 23, 2016 10:37am
Quoting C-12
{quote} Just be careful as we've just pulled a H1 bull engulf off H4 demand.... Although M1 scalps don't really matter what direction H4 shows.
Made some stupid things today. When I came online I saw GU at 5m supply with a bit to go to the 4 hr demand. I sold GU and switched to EU in order to buy the 15 min PA. I wasn't really confident with a GU short and EU long. I closed the GU short and let the EU long run. The end of the story is while GU went down a bit EU gave some nice drawdown but luckily turned before it hit my mental SL. GU would have nearly hit my tp and maybe I would have earned some pips. Shoulda, coulda, woulda...

Conclusion: Bad entry EU and bad close of the GU short.
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  • #3,754
  • May 23, 2016 1:12pm May 23, 2016 1:12pm
Quoting C-12
{quote} Just be careful as we've just pulled a H1 bull engulf off H4 demand.... Although M1 scalps don't really matter what direction H4 shows.
Thanks..I stopped out..I've got to remember to pay attention to htf
  • #3,755
  • May 23, 2016 2:37pm May 23, 2016 2:37pm
Here's an interesting chart... to me anyway. I don't often trade this pair but I saw the H4 supply form and put my alerter next to it.

Look at all the H1 south engulfs. You could have taken all of these and picked off pips without waiting for price to return (since it may not return).
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  • #3,756
  • May 23, 2016 7:27pm May 23, 2016 7:27pm
Quoting C-12
Here's an interesting chart... to me anyway. I don't often trade this pair but I saw the H4 supply form and put my alerter next to it. Look at all the H1 south engulfs. You could have taken all of these and picked off pips without waiting for price to return (since it may not return). {image}
So do you normally trade LTF engulfs after seeing HTF create a supply or demand zone?
  • #3,757
  • May 23, 2016 10:38pm May 23, 2016 10:38pm
Quoting C-12
Here's an interesting chart... to me anyway. I don't often trade this pair but I saw the H4 supply form and put my alerter next to it. Look at all the H1 south engulfs. You could have taken all of these and picked off pips without waiting for price to return (since it may not return). {image}
Hi C12, usually, we wait for price to retrace to the supply or demand and then see the price action, rite, so how do we trade this one as price didn't retrace?
  • #3,758
  • May 23, 2016 11:13pm May 23, 2016 11:13pm
Quoting josh1125
{quote} So do you normally trade LTF engulfs after seeing HTF create a supply or demand zone?
Yeah, I trade them loads on the scalp charts (M5/M15) but I'm less experienced with them on the HTF charts.

I think it's worth watching for. The key is making sure the higher timeframe has turned. In the case of USDJPY it was pretty clear.
  • #3,759
  • May 23, 2016 11:26pm May 23, 2016 11:26pm
Quoting tradeforlife
{quote} Hi C12, usually, we wait for price to retrace to the supply or demand and then see the price action, rite, so how do we trade this one as price didn't retrace?
Basically just get in the trade and put the stop behind the engulf.

In fact I would encourage everyone here to pay far less attention to the conventional supdem zones and look out for the PA (engulfs) that creates the zones in the areas of interest.
  • #3,760
  • May 23, 2016 11:29pm May 23, 2016 11:29pm
Quoting C-12
{quote} Basically just get in the trade and put the stop behind the engulf. In fact I would encourage everyone here to pay far less attention to the conventional supdem zones and look out for the PA (engulfs) that creates the zones in the areas of interest.
Here's an example on NZDUSD yesterday. I saw this and didn't take it...

Notice zone on the left gets taken out then we get the PA highlighed in yellow to get us back in direction of the trend?

Stop goes behind the PA and then we have a fresh zone in play.....
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