C-12's Supply, Demand and PA thread | Page 190 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Supply and Demand Thread using any Indicator 64 replies

Price movement as a function of Supply and Demand 43 replies

Supply and demand zones and EW principles 1 reply

Alifari's - Supply & Demand Thread 17 replies

Demand and Supply 1 reply

Attachments: C-12's Supply, Demand and PA thread
Exit Attachments

C-12's Supply, Demand and PA thread

  • #3,781
  • May 24, 2016 4:12pm May 24, 2016 4:12pm
I hope these are going to be good opportunities to sell GBP against AUD and JPY as they are nearing the supply zones in higher timeframes
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPYH4_25thMay.png Size: 49 KB
Click to Enlarge Name: GBPAUDDaily+25thMay.png Size: 48 KB
  • #3,782
  • May 24, 2016 4:32pm May 24, 2016 4:32pm
Quoting tradeforlife
I hope these are going to be good opportunities to sell GBP against AUD and JPY as they are nearing the supply zones in higher timeframes {image} {image}
I would say no need to hope.

Put an alert and wait for price to reach the zone. You can then see if you get the PA in favour. No need to rush in to these.

Use the zones as reference points and PA to confirm.

Also check Weekly and Daily.
  • #3,783
  • May 24, 2016 4:34pm May 24, 2016 4:34pm
Here's GJ daily and weekly analysis

Weekly - Bounce of weekly demand - Supply may be already taken out by previous test.
Attached Image (click to enlarge)
Click to Enlarge Name: GJ Weekly.PNG Size: 40 KB
  • #3,784
  • May 24, 2016 4:37pm May 24, 2016 4:37pm
GJ Daily - This area of supply has had a few hits. The next fresh is above at the yellow line. Looks pretty bullish atm.
Attached Image (click to enlarge)
Click to Enlarge Name: GJ Daily.PNG Size: 40 KB
  • #3,785
  • May 24, 2016 4:42pm May 24, 2016 4:42pm
Quoting C-12
Here's GJ daily and weekly analysis Weekly - Bounce of weekly demand - Supply may be already taken out by previous test. {image}
thanks C12... it looks like it didn't take the full supply out in weekly chart (the retrace didn't cover the full top of the supply) so there maybe still some more demand...
  • #3,786
  • May 24, 2016 6:10pm May 24, 2016 6:10pm
Looking for price to break higher..

Attached Image (click to enlarge)
Click to Enlarge Name: gpbcad daily.jpg Size: 73 KB


Attached Image (click to enlarge)
Click to Enlarge Name: gbpcad 1min.jpg Size: 87 KB
  • #3,787
  • May 24, 2016 9:36pm May 24, 2016 9:36pm
Quoting C-12
{quote} I would say no need to hope. Put an alert and wait for price to reach the zone. You can then see if you get the PA in favour. No need to rush in to these. Use the zones as reference points and PA to confirm. Also check Weekly and Daily.
Hi ya C-12

BIG thanks for all the finer details you put into explaining your trades, really appreciated! .. it helps a lot to confirm that I'm on the right track with my learning with your similar comments to my thinking..
  • #3,788
  • May 25, 2016 2:58am May 25, 2016 2:58am
Quoting josh1125
Looking for price to break higher.. {image} {image}
Yep, same here. Although M1 is a bit of a small timeframe to play a daily move. This one was more of an engulf in the trade direction.

Let's see if we take out this supply.
Attached Image (click to enlarge)
Click to Enlarge Name: GCAD.PNG Size: 53 KB
  • #3,789
  • May 25, 2016 3:37am May 25, 2016 3:37am
I did a blunder mistake today on GJ. After checking all timeframes I shorted it but forgot to check the 5 min timeframe and the price action was clearly saying it is long. I waited for it to hit my SL. Sometimes I'm not able to quickly accept the mistake and correct it :-(
  • #3,790
  • May 25, 2016 3:51am May 25, 2016 3:51am
Quoting tradeforlife
I did a blunder mistake today on GJ. After checking all timeframes I shorted it but forgot to check the 5 min timeframe and the price action was clearly saying it is long. I waited for it to hit my SL. Sometimes I'm not able to quickly accept the mistake and correct it :-(
Ahh well, it happens, as long as the SL is behind the zone or PA you've taken (and it's a small loss - ie 0.5%) then you can learn from the directional mistake.

Worse thing to do is trade without a stop or keep adding to losing positions in the hope it turns. If that ever happens then stop trading.
  • #3,791
  • May 25, 2016 7:29am May 25, 2016 7:29am
GCAD looks good atm. Good a couple of speculative add ons with momentum. Will stick these at BE and see what happens.

Having some good success with trend / engulf trading across the pairs.
Attached Image (click to enlarge)
Click to Enlarge Name: GCAD.PNG Size: 50 KB
  • #3,792
  • May 25, 2016 7:38am May 25, 2016 7:38am
Another engulf style trade. I like H1 for this (if you sync with H4 / daily) and there's 2:1 to the next zone. The H1 engulfs are pretty solid.
Attached Image (click to enlarge)
Click to Enlarge Name: AJ.PNG Size: 43 KB
  • #3,793
  • May 25, 2016 7:39am May 25, 2016 7:39am
GN is a big pip mover so need to handle with care.
Attached Image (click to enlarge)
Click to Enlarge Name: GN.PNG Size: 54 KB
  • #3,794
  • May 25, 2016 7:46am May 25, 2016 7:46am
Kiwi
Attached Image (click to enlarge)
Click to Enlarge Name: kiwi.PNG Size: 77 KB
  • #3,795
  • May 25, 2016 8:25am May 25, 2016 8:25am
oh well i just found this engulf in USD/CAD H1/M5, i just need more screen time to catch those entries like yours C-12.
Attached Image (click to enlarge)
Click to Enlarge Name: h1 eu.jpg Size: 94 KB
  • #3,796
  • May 25, 2016 11:51am May 25, 2016 11:51am
Quoting alrightfrank
oh well i just found this engulf in USD/CAD H1/M5, i just need more screen time to catch those entries like yours C-12. {image}
Nice little scalp. I hope you got the sell also?

  • #3,797
  • May 25, 2016 12:04pm May 25, 2016 12:04pm
Quoting C-12
{quote} Ahh well, it happens, as long as the SL is behind the zone or PA you've taken (and it's a small loss - ie 0.5%) then you can learn from the directional mistake. Worse thing to do is trade without a stop or keep adding to losing positions in the hope it turns. If that ever happens then stop trading.
luckily i was able to recover the losses by longing again
  • #3,798
  • May 25, 2016 12:09pm May 25, 2016 12:09pm
Here's another one. CJ hit the inital target while at work. Didn't set a TP but H4 still pointing upwards I think.
Attached Image (click to enlarge)
Click to Enlarge Name: CJ.PNG Size: 43 KB
  • #3,799
  • May 25, 2016 12:14pm May 25, 2016 12:14pm
CJ on H4 chart.
Attached Image (click to enlarge)
Click to Enlarge Name: CJ4.PNG Size: 39 KB
  • #3,800
  • May 25, 2016 1:45pm May 25, 2016 1:45pm
Quoting alrightfrank
oh well i just found this engulf in USD/CAD H1/M5, i just need more screen time to catch those entries like yours C-12. {image}
Bit late to the party but got some.
Attached Image (click to enlarge)
Click to Enlarge Name: UCAD.PNG Size: 60 KB
3 traders viewing now