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C-12's Supply, Demand and PA thread

  • #3,981
  • Jun 13, 2016 9:08am Jun 13, 2016 9:08am
Thank you.That make sense.
I actually miss when C-12 was refering HTF.
I thought about make analyses on one TF and the same one enter and manage trade.My bad.
  • #3,982
  • Jun 13, 2016 9:10am Jun 13, 2016 9:10am
Quoting tradeforlife
{quote} My understanding is: 1. based on higher timeframe (daily), you know the trend is down. 2. So you will look only for SELL trades. 3. When those bullish engulf happens, you just ignore based on above two points. 4. When the bearish engulf happens, that invalidates previous bullish engulfs, and also you know the trend continuation starts and that is going to be a fresh supply zone. so you enter SELL there. C12@ Please correct me if i'm wrong.....
Yep,that's make perfect sense.
Thank you.
  • #3,983
  • Edited 9:54am Jun 13, 2016 9:41am | Edited 9:54am
Quoting tradeforlife
{quote} My understanding is: 1. based on higher timeframe (daily), you know the trend is down. 2. So you will look only for SELL trades. 3. When those bullish engulf happens, you just ignore based on above two points. 4. When the bearish engulf happens, that invalidates previous bullish engulfs, and also you know the trend continuation starts and that is going to be a fresh supply zone. so you enter SELL there. C12@ Please correct me if i'm wrong.....
Yep that's it 100% correct.

Sorry I should have meant we already knew the D1 trend and PA was down.

What we can do is ignore all the countertend zones and PA on lower timeframe (H4 in this case) and wait with hawkeyes for the PA to join the trend. It's fun to watch the bullish PA form (and ignore it completely), then watch as it rolls over to provide you with a really clean entry.

Basically I just wanted to show what this PA looks like and how it can offer good RR entries.
  • #3,984
  • Jun 13, 2016 9:48am Jun 13, 2016 9:48am
These continuation entries can be a useful tool to have in the box, especially useful in clear trending pairs if you missed the initial entry. OR they can be used for add ons.

So you can have effectively 3 types of entry with S&D:

1) Zone - touch trade
2) Zone - with PA
2) Continuation PA with trend.

Have an experiment with each, or all of them all and see what works.

That GBPJPY for example, you could have touch traded the upper zone, then added on PA and then took all the continuation engulfs... pips galore.
  • #3,985
  • Jun 13, 2016 11:04am Jun 13, 2016 11:04am
Quoting C-12
{quote} Yep that's it 100% correct. Sorry I should have meant we already knew the D1 trend and PA was down. What we can do is ignore all the countertend zones and PA on lower timeframe (H4 in this case) and wait with hawkeyes for the PA to join the trend. It's fun to watch the bullish PA form (and ignore it completely), then watch as it rolls over to provide you with a really clean entry. Basically I just wanted to show what this PA looks like and how it can offer good RR entries.
Thanks C12. I hope you are enjoying what Thailand have to offer in all aspects :-) have a nice time there :-)
  • #3,986
  • Jun 14, 2016 1:48am Jun 14, 2016 1:48am
Quoting tradeforlife
{quote} Thanks C12. I hope you are enjoying what Thailand have to offer in all aspects :-) have a nice time there :-)
Yeah I've managed to stay away from the charts for the most part.

Although my plan is to take 1 or 2 trades here and there (using a straight 1% risk and 3:1 exits) and then go out and do something else. It might be a 30 pip scalp or more of a swing. Just going with the flow and see what unfolds.

Here's the first trade of the hols based of Daily and H1 PA I recognise.
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  • #3,987
  • Jun 14, 2016 1:54am Jun 14, 2016 1:54am
Also opened up on GA with a swing continuation style entry.. Wider stops means lower position size at 1% with 3:1 exit makes it all the same anyway.

There's a lot of spikey volatility on all this brexit crap but PA is PA..
Attached Image (click to enlarge)
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  • #3,988
  • Jun 14, 2016 2:14am Jun 14, 2016 2:14am
Quoting C-12
{quote}Although my plan is to take 1 or 2 trades here and there (using a straight 1% risk and 3:1 exits)
Good thing for the 3:1 exit.
Attached Image (click to enlarge)
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  • #3,989
  • Jun 14, 2016 2:17am Jun 14, 2016 2:17am
Quoting C-12
Also opened up on GA with a swing continuation style entry.. Wider stops means lower position size at 1% with 3:1 exit makes it all the same anyway. There's a lot of spikey volatility on all this brexit crap but PA is PA.. {image}

Nice one C12... Are you trading using laptop or you connect to your desktop at home through laptop and trading? it's nice to enjoy the holidays and trade at the same time...
  • #3,990
  • Jun 14, 2016 2:23am Jun 14, 2016 2:23am
Quoting tradeforlife
{quote} Nice one C12... Are you trading using laptop or you connect to your desktop at home through laptop and trading? it's nice to enjoy the holidays and trade at the same time...
Yeah on the laptop. A bit crappy compared to the usual 3 x 27" monitors. I miss being able to watch PA unfold on multiple pairs.

Also very strange watching the markets during the Asian session.

I've got my daily 3% so might as well go outside. Although it's 36 degrees here atm...
  • #3,991
  • Jun 14, 2016 2:51am Jun 14, 2016 2:51am
In fact, the truth is you should just find the best PA you can find, take your daily 3% (or whatever the target is) and go do something else. Trades like the EA above show up so many times per day. One of these is enough.

I know I'm guilty of sitting in front of the screens all day gun slinging in both directions on the M5. I think it's counter productive. Plus there's health consequences of trading this way.

Why do we do this? I guess we see trading as fun and a hobby, it prevents boredom. It's addictive in nature but we should see that less is more.
  • #3,992
  • Edited 12:04pm Jun 14, 2016 11:25am | Edited 12:04pm
Had another go on EA before setting out for dinner... Should have set TP but got the 3:1 and one more to run.

And finally got a decent looking H4 supply.
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  • #3,993
  • Jun 14, 2016 12:05pm Jun 14, 2016 12:05pm
Quoting C-12
Had another go on EA before setting out for dinner... Should have set TP but got the 3:1 and one more to run. And finally got a decent looking H4 supply. {image}
Nice one C12..
  • #3,994
  • Jun 14, 2016 11:13pm Jun 14, 2016 11:13pm
Out of EA but will see if we get some more bearish PA to get back in short later.

No reason to be buying this M30 PA .... When viewed on H4 perspective.
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  • #3,995
  • Jun 15, 2016 4:56am Jun 15, 2016 4:56am
Quoting C-12
Out of EA but will see if we get some more bearish PA to get back in short later.
Not really sure why I've got this pair up in focus for scalps...
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  • #3,996
  • Jun 15, 2016 5:01am Jun 15, 2016 5:01am
Actually some nice H4 bull PA on AU developed. If we drop down to M30 there was a nice engulf entry that blew out that LTF supply.

I was in the hotel gym at the time so caught the arse end of the move...

Taking some of this out and locking this in. Late entries are a bit exposed here.
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  • #3,997
  • Jun 15, 2016 8:28am Jun 15, 2016 8:28am
Who else thinks that Eu is going to print another supply on h4 starting now.There is space to demand.Anyone?
  • #3,998
  • Jun 15, 2016 10:16am Jun 15, 2016 10:16am
Quoting madboy
Who else thinks that Eu is going to print another supply on h4 starting now.There is space to demand.Anyone?
It looked like it was going to form but watching the DX showing something different.

I really have no idea how this works but the DX always seems to lead the way for EU price action.

Notice how the DX was run up (EU down) to re-touch H4 supply (red arrow) ?

So Daily DX still looks up but we've still got H4 supply in play atm... Although FOMC up later.
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  • #3,999
  • Jun 15, 2016 1:12pm Jun 15, 2016 1:12pm
Stayed up late for this one.

Read it like a book.. News trading is getting better.
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  • #4,000
  • Jun 15, 2016 1:16pm Jun 15, 2016 1:16pm
Was less sure of the sell as on the buys on EU.
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