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C-12's Supply, Demand and PA thread

  • #3,881
  • May 30, 2016 1:05pm May 30, 2016 1:05pm
Quoting srt
{quote} You can create 3 charts arranged vertically like you do with different timeframes then save that as a profile. Now drag & drop the next symbol on each chart & save that as a separate profile. Repeat this for each market that you want to have 3 TFs. Now rather than click the tabs on the bottom you click on the "profiles" box below to see the next market in 3 TFs. This might also help with the "chaos" indi that causes freezing because the CPU is only doing the calculations on the market on the charts compared to having a separate tab for each...
Cheers SRT, that's something I'm going to setup. For swing analysis you really need those 3 charts side by side.

As for JPY pairs. Take a look at the LFX charts (none weighted index) for JPY... Looks pretty bearish for JPY across the board.

We've got weekly and daily bull engulf with plenty of space to run. I'm not sure this USDJPY level will hold (unless USD is going to seriously crap out from here).
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  • #3,882
  • May 30, 2016 11:55pm May 30, 2016 11:55pm
Got some of the Aussie moves. Was some good signs it was going to reverse. Not sure if this is anything more than a blip on it's way lower.
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  • #3,883
  • May 31, 2016 12:05am May 31, 2016 12:05am
Some on EG.
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  • #3,884
  • May 31, 2016 4:54am May 31, 2016 4:54am
Quoting C-12
Some on EG. {image}
im finding that taking engulfings on a lower tf say 30/1hr from a 4hr zone works pretty well taking into consideration theres space for it to move ect . im not quite sure if that could be my trading style/method it seems so simple & do you think it would be a good idea to put some real money on the line not 1000 but im thinking maybe just risk £5-£20 a trade thats what im comfortable with risking to see if i can trade this
  • #3,885
  • May 31, 2016 5:19am May 31, 2016 5:19am
Quoting C-12
{quote} Ok, maybe I'm not explaining the term engulf very well.... I've been watching S&D trading for 4 years now. I guess I just know what what a zone will look like before it's even printed on the supdem indi. I'm using this knowledge to buy and sell in the direction of the Daily / H4 chart. So look at the GU charts here. You can see even before all the engulfing formation has completed that it will form a new zone and that you want a lower timeframe structure (that looks similar on a lower TF) to get entry. It also took me a while to get it ......

Hi, C-12!

Is the blue area (with a bearish engulfing candle pattern) in my screenshot is the "supply area" in your vocabulary?

thanks!

yours,
shunfengcn
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The candle pattern is the signal, the inevitability behind it is the key.
  • #3,886
  • May 31, 2016 9:26am May 31, 2016 9:26am
Quoting shunfeng
{quote} Hi, C-12! Is the blue area (with a bearish engulfing candle pattern) in my screenshot is the "supply area" in your vocabulary? thanks! yours, shunfengcn {image}
Kind of yes, but the direction was defo with the USD bulls so bullish engulfs were more favourable. UCAD was a bit messy as we've just come of Daily Sup but not a convincing one. There were much better opportunities on other pairs.

Look at GU here. The upper sell engulf was ideal but happened overnight. Then I caught the pullback entry on south engulf.
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  • #3,887
  • May 31, 2016 9:28am May 31, 2016 9:28am
Bit more detail on M30.. Also check H4 as it was very clear
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  • #3,888
  • May 31, 2016 9:37am May 31, 2016 9:37am
Quoting C-12
Bit more detail on M30.. Also check H4 as it was very clear {image}
im finding that taking engulfings on a lower tf say 30/1hr from a 4hr zone works pretty well taking into consideration theres space for it to move ect . im not quite sure if that could be my trading style/method it seems so simple & do you think it would be a good idea to put some real money on the line not 1000 but im thinking maybe just risk £5-£20 a trade thats what im comfortable with risking to see if i can trade this

heres a trade i took wouldve made a nice 3% if i didnt close it cause i was scared it was about to hit my stoploss ( USD/JPY 30min engulfing from 4hr supply which is also nested within the daily supply )
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  • #3,889
  • May 31, 2016 9:39am May 31, 2016 9:39am
I was able to catch only one today... missing the engulfing candles as not able to monitor the charts always...
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  • #3,890
  • May 31, 2016 9:42am May 31, 2016 9:42am
Quoting nathzcinco
{quote} im finding that taking engulfings on a lower tf say 30/1hr from a 4hr zone works pretty well taking into consideration theres space for it to move ect . im not quite sure if that could be my trading style/method it seems so simple & do you think it would be a good idea to put some real money on the line not 1000 but im thinking maybe just risk 5-20 a trade thats what im comfortable with risking to see if i can trade this heres a trade i took wouldve made a nice 3% if i didnt close it cause i was scared it was about to hit my stoploss ( USD/JPY...
My experience is that if you commit to the trade, the stop must stay behind the zone. I'd rather take a small loss than see the above happen.

Here's a good one on EN... To the untrained eye this was a mess but if you look at it from a pure PA perspective it was actually clean action...
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  • #3,891
  • May 31, 2016 9:44am May 31, 2016 9:44am
Today was "traders wet dream day" (a lot good moves)
  • #3,892
  • May 31, 2016 9:47am May 31, 2016 9:47am
Quoting C-12
{quote} My experience is that if you commit to the trade, the stop must stay behind the zone. I'd rather take a small loss than see the above happen. Here's a good one on EN... To the untrained eye this was a mess but if you look at it from a pure PA perspective it was actually clean action... {image}
you previously said you keep your stop just above the engulfing candle not above the zone as this wasnt a blind zone trade
  • #3,893
  • Edited 10:04am May 31, 2016 9:52am | Edited 10:04am
Quoting nathzcinco
{quote} you previously said you keep your stop just above the engulfing candle not above the zone as this wasnt a blind zone trade
As long as the engulf creates the zone and you can allow the retest and stop behind the new zone. In this case, stops above all those engulfing candles would have kept you safe.

In your trade you got to BE and didn't like a potential 3rd retest (which is fine). Although if watching at the time there was a 3rd engulf to get you back in the trade.

I think you're right ... H4 and M30 is a really solid combo.
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  • #3,894
  • May 31, 2016 10:36am May 31, 2016 10:36am
EG....... You know what that green thumb means.
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  • #3,895
  • May 31, 2016 2:21pm May 31, 2016 2:21pm
Quoting nathzcinco
{quote} im finding that taking engulfings on a lower tf say 30/1hr from a 4hr zone works pretty well taking into consideration theres space for it to move ect . im not quite sure if that could be my trading style/method it seems so simple & do you think it would be a good idea to put some real money on the line not 1000 but im thinking maybe just risk 5-20 a trade thats what im comfortable with risking to see if i can trade this heres a trade i took wouldve made a nice 3% if i didnt close it cause i was scared it was about to hit my stoploss ( USD/JPY...
No live cash in the market until you've got at least a few years screen-time under your belt. The market isn't going anywhere so no need to throw any money away while learning.

Get to know your chosen markets and nuisances in all market conditions. Get to know yourself more importantly, how you act under stress. Also how you act when the market is stagnant and there are no entries. There's a hell of a lot to it psychologically and the trading is the easy part.

Take the advice from someone who has blown almost £20,000 in this game.
  • #3,896
  • May 31, 2016 6:37pm May 31, 2016 6:37pm
Quoting C-12
{quote} Kind of yes, but the direction was defo with the USD bulls so bullish engulfs were more favourable. UCAD was a bit messy as we've just come of Daily Sup but not a convincing one. There were much better opportunities on other pairs. Look at GU here. The upper sell engulf was ideal but happened overnight. Then I caught the pullback entry on south engulf. {image}
I see
Thanks,
shunfengcn
The candle pattern is the signal, the inevitability behind it is the key.
  • #3,897
  • May 31, 2016 6:40pm May 31, 2016 6:40pm
Quoting C-12
{quote} No live cash in the market until you've got at least a few years screen-time under your belt. The market isn't going anywhere so no need to throw any money away while learning. Get to know your chosen markets and nuisances in all market conditions. Get to know yourself more importantly, how you act under stress. Also how you act when the market is stagnant and there are no entries. There's a hell of a lot to it psychologically and the trading is the easy part. Take the advice from someone who has blown almost 20,000 in this game.
Hi, C-12!
According to you, how many years of trading practices it is needed to get ready to put real big money into the trading? (Or what criteria level reached?) Could you give us an idea in your mind?
yours,
shunfengcn
The candle pattern is the signal, the inevitability behind it is the key.
  • #3,898
  • May 31, 2016 10:51pm May 31, 2016 10:51pm
Quoting shunfeng
{quote} Hi, C-12! According to you, how many years of trading practices it is needed to get ready to put real big money into the trading? (Or what criteria level reached?) Could you give us an idea in your mind? yours, shunfengcn
It depends on your personality really. You can learn to trade in less than 6 months but to truly learn about the markets and yourself in all conditions it's much longer..... Five years maybe? I don't know really.

One thing for sure is I was nowhere near ready to go live back in 2013.
  • #3,899
  • May 31, 2016 10:52pm May 31, 2016 10:52pm
AU didn't move as much as hoped for with overnight news.
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  • #3,900
  • May 31, 2016 11:01pm May 31, 2016 11:01pm
EA --- really need to set TP's on overnight holds.
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