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C-12's Supply, Demand and PA thread

  • #4,441
  • Jul 26, 2016 12:26am Jul 26, 2016 12:26am
Quoting C-12
UJ was looking quite tasty on the daily so had to add it to the menu. Some good PA on M30 and a great little M5 pullback earlier. {image}
That was pretty quick.
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  • #4,442
  • Jul 26, 2016 12:35am Jul 26, 2016 12:35am
Just one on EU.. Might even be a bit premature this exit looking at H1 but gotta set off early to work.
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  • #4,443
  • Jul 26, 2016 12:38am Jul 26, 2016 12:38am
Quoting C-12
Just one on EU.. Might even be a bit premature this exit looking at H1 but gotta set off early to work. {image}
......
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  • #4,444
  • Jul 26, 2016 5:37am Jul 26, 2016 5:37am
EJ and GJ Today M15..

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  • #4,445
  • Jul 26, 2016 6:03am Jul 26, 2016 6:03am
Nice work bud. I saw these last night... picture perfect pa (50% retrace up daily bear engulf then LTF PA) on UJ. I was tempted but i'm avoiding Yen pairs.

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GU looks naughty today. To me looks like they pinned on H4 to take stops under the recent lows then they're going to suck in the retailers long with that pin before continuing lower. Or I might be completely wrong and it is genuinely going higher, we will see.

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  • #4,446
  • Jul 26, 2016 2:22pm Jul 26, 2016 2:22pm
Looks like a real scrappy day on GU and EU. One of those days it's good to be on the sidelines.

GU especially is especially messy with no clean zones or PA on any time frame. There's nothing I can see in terms of action for me.

EU and GU have established H1 demand zones (but very counter trend on EU) Best stay out of both atm unless very agile and heavy scalping around the edges.
  • #4,447
  • Jul 26, 2016 2:25pm Jul 26, 2016 2:25pm
UJ on the other hand seems to be trending.

Took a pullback sell after work and will see if this trend can continue some more. Little bit of an M15 demand here if we can slice through but apart from that, not much more to add really.

Missed a good sell on UCAD earlier, Fresh H1 supply and pullback on M15 seemed a good one to me.
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  • #4,448
  • Jul 26, 2016 2:34pm Jul 26, 2016 2:34pm
DX - Looks to be possibly rolling over on the Daily but nothing substantial to suggest a trend change.
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  • #4,449
  • Jul 26, 2016 2:41pm Jul 26, 2016 2:41pm
Quoting C-12
Looks like a real scrappy day on GU and EU. One of those days it's good to be on the sidelines. GU especially is especially messy with no clean zones or PA on any time frame. There's nothing I can see in terms of action for me. EU and GU have established H1 demand zones (but very counter trend on EU) Best stay out of both atm unless very agile and heavy scalping around the edges.

Wednesday we have FOMC & Fed Fund Rates that's why charts are messy today.
  • #4,450
  • Jul 26, 2016 2:47pm Jul 26, 2016 2:47pm
Quoting AlexC
{quote} Wednesday we have FOMC & Fed Fund Rates that's why charts are messy today.
Yeah looks like it is. Things will surely spice up this week.

I would guess another leg up in the dollar looking at where the DX daily is sitting, after just recently breaking out.
  • #4,451
  • Jul 27, 2016 6:41am Jul 27, 2016 6:41am
Here is GJ Trade M30 ...

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  • #4,452
  • Jul 27, 2016 1:10pm Jul 27, 2016 1:10pm
Quoting mrhb30jr
Here is GJ Trade M30 ... {image} {image}
Nice.
  • #4,453
  • Jul 27, 2016 1:11pm Jul 27, 2016 1:11pm
Here's the ideal news setup.

H1 zone and M1 PA.
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  • #4,454
  • Jul 27, 2016 1:30pm Jul 27, 2016 1:30pm
Ahhhhh.. schoolboy error.. Should have caught the buy.

DX H1
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  • #4,455
  • Jul 27, 2016 1:46pm Jul 27, 2016 1:46pm
Quoting C-12
Ahhhhh.. schoolboy error.. Should have caught the buy. DX H1 {image}
Crazy news eh?

Some pre-match levels on CADJPY M15

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  • #4,456
  • Jul 27, 2016 1:53pm Jul 27, 2016 1:53pm
Quoting simond2002
{quote} Crazy news eh? Some pre-match levels on CADJPY M15 {image}
Oh yeah, I get a lesson every-time but I do think it's possible to successfully trade it (EU and DX seem to make a great combo).

Miss something though (like obvious H1 zones on DX) and you can get your ass handed.

Very odd that CADJPY didn't even twitch through that news.
  • #4,457
  • Jul 27, 2016 2:04pm Jul 27, 2016 2:04pm
Quoting C-12
Very odd that CADJPY didn't even twitch through that news.
Yeah, CADJPY can be a difficult read but I'm trying to correlate it through USDCAD


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  • #4,458
  • Edited 3:10pm Jul 27, 2016 2:34pm | Edited 3:10pm
Quoting simond2002
{quote} Yeah, CADJPY can be a difficult read but I'm trying to correlate it through USDCAD {image}
A good idea would be to correlate it through UsdCad and UsdJpy.
UsdJpy will give you the other third of the triangulation.
  • #4,459
  • Jul 27, 2016 3:11pm Jul 27, 2016 3:11pm
Quoting AlexC
{quote} A good idea would be to triangulate it through UsdCad and UsdJpy. UsdJpy will give you the other half of the equation.
Triangulate? How does that look?

To be honest, I'd like to try and find a currency strength meter like the one at the beginning of this video (if you remember it's something we discussed in the skype group a couple of years ago):

Inserted Video


Looks like a great tool to plot the two most divergent currencies then trade that pair if it's offering a setup.
  • #4,460
  • Jul 28, 2016 2:44am Jul 28, 2016 2:44am
Some good zones... let's see

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