Hi all,
GBPUSD H4 Bullish engulfing just hold one position long trade on this ...
GBPUSD H4 Bullish engulfing just hold one position long trade on this ...
C-12's Supply, Demand and PA thread
- #4,262
- Jul 11, 2016 11:35am Jul 11, 2016 11:35am
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
Hi all, GBPUSD H4 Bullish engulfing just hold one position long trade on this ...
- #4,265
- Jul 11, 2016 1:57pm Jul 11, 2016 1:57pm
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
Hello Love. I've been reading your blog for close to a year and I have been learning from Ken at Acegazette (Thanks for that direction). One question remains. The acegazette super dem prints several S/D levels and I'm not sure how to identify the strong Vs weak levels. For example M1 may print several S/D zones and you seem to know how to differentiate the strong from the weak. Also in the same vein, which S/R lines hold more weight M1,M15, M30........ Thanks Love Muah!
I wouldn't recommend looking at M1 at all.... You would need some serious discipline to trade those levels and it's not a healthy way to trade. Plus you can lose sight of the bigger picture.
Try stacking a few time-frames next to each other --- H4/M30/M5 for example.
Once you've got a handle of the direction (H4/M30) then use the M5/M15 for engulfs / retests to get involved in the direction the higher time-frame is recommending.
- #4,266
- Jul 11, 2016 5:54pm Jul 11, 2016 5:54pm
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
{quote} Hey .. lol
- #4,267
- Jul 12, 2016 12:11am Jul 12, 2016 12:11am
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
AU and NU are back on the menu.
- #4,268
- Jul 12, 2016 12:20am Jul 12, 2016 12:20am
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
And EU and GU. I love a good engulf to start the day.
- #4,271
- Edited 9:42am Jul 12, 2016 9:32am | Edited 9:42am
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
Awesome. What a great day for trading...
It's one of those days where you can just get on M30 and load up on the trend.
GJ especially shot off like a rocket. I wish that was on my terminal as I can see about 5 or 6 solid entries.
It's one of those days where you can just get on M30 and load up on the trend.
GJ especially shot off like a rocket. I wish that was on my terminal as I can see about 5 or 6 solid entries.
- #4,272
- Jul 12, 2016 10:32am Jul 12, 2016 10:32am
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
First trade using this strategy. {image}
And another opportunity to add to this.
- #4,273
- Jul 12, 2016 11:49am Jul 12, 2016 11:49am
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
For anyone still struggling with this concept. Take a look at EU today.
1) Daily - Touched Daily supply
2) H4 - Engulfed off zone (orange rectangle)
3) M30 - Engulfs with trend as entries
This is just an example where you can get involved (without having to take counter trend reversals or zone trades) which I think is where most people get stuck with S&D trading.
Also, you don't have to stack time frames next to each other. You can mark off the levels with a horizontal line and flick time frames and watch more pairs.
I'm not saying this current trade I'm in is amazing since it's late in the session and EU is stuck in mud but you can get the idea.
1) Daily - Touched Daily supply
2) H4 - Engulfed off zone (orange rectangle)
3) M30 - Engulfs with trend as entries
This is just an example where you can get involved (without having to take counter trend reversals or zone trades) which I think is where most people get stuck with S&D trading.
Also, you don't have to stack time frames next to each other. You can mark off the levels with a horizontal line and flick time frames and watch more pairs.
I'm not saying this current trade I'm in is amazing since it's late in the session and EU is stuck in mud but you can get the idea.
- #4,276
- Jul 12, 2016 1:50pm Jul 12, 2016 1:50pm
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
Hey Love, Why do you consider box # 3 engulfing (PA)? {quote}
Think of S&D zones are created by price zig zag. Price goes up, price goes down.. You've got a supply zone (or an entry in my case depending on HTF).
- #4,277
- Edited 3:41pm Jul 12, 2016 3:23pm | Edited 3:41pm
C - 12 Thanks for being so transparent and sharing your journey. Also as a fellow IT Manager I know the workload and how you find time is beyond my understanding 
..
I've been a S/D trader for a couple years but have been unable to be consistent so I would like to post some trades from my demo account here if you don't mind to ensure i'm on the right track. Is this ok with you?
Also to ensure I have an understanding of the process I've inserted the below picture. Thanks again for all your assistance.
..I've been a S/D trader for a couple years but have been unable to be consistent so I would like to post some trades from my demo account here if you don't mind to ensure i'm on the right track. Is this ok with you?
Also to ensure I have an understanding of the process I've inserted the below picture. Thanks again for all your assistance.
- #4,278
- Edited 4:00pm Jul 12, 2016 3:42pm | Edited 4:00pm
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
C - 12 Thanks for being so transparent and sharing your journey. Also as a fellow IT Manager I know the workload and how you find time is beyond my understanding
As for the trades. Yes, kind of. Price doesn't need to touch a daily zone. It could be trending with H4 confirming the direction.
Also remember there are periods of major slowness / choppy ranging (EU will do often this 3 days per week at least, and almost always Mondays)
You can use M15 or even down to M5. If LTF scalping is not your bag, then you can have a selection of pairs and will surely find some action off Daily/H4/M30 somewhere.
Sometimes you can just pull the trigger directly off H4 PA.
I spend a lot of time flicking through timeframes (all of them apart from M1). I probably do this hundreds of times in a session on each pair until I find the perfect alignment of higher timeframe direction and LTF PA.
