Alphac's Journal

Just a place to put some pictures old and new which some might find helpful, I have hundreds of trading pictures (setups, trades and observations) going back several years. I'm now posting some on twitter also. I don't know how long or often they'll be posted. I've been trading for about 15 years, not just forex, I like things simple, most is early James16 principles and some supply and demand.

USDCHF daily - Just a support and resistance area with a 2 day pinbar, it could also close today as a 2 day outside bar.




GBPCAD 1 hr - price action at a resistance area, two candles combine to form a pinbar.



A closer look at the price action, with the thin line showing a WIPG/first trouble area.



As price moved away today there is a stall at the first trouble area, on a lower timeframe you can see more clearly the support and resistance area here. It can also be used as a place to re enter or add to the trade by looking for suitable price action.

A supply and demand trade idea from a few days ago using multiple timeframes to look for suitable areas in the supply and demand process.

EURNZD daily - A clear support and resistance area.



The 1hr chart shows an area of likely demand which will need to be engulfed for price to go lower.



Finally a 4hr chart showing price reaching and engulfing demand then moving higher to a supply zone before then moving quickly away. Note the candle in the supply zone before it drops away, the red pinbar, these rejections before a big push away are a great place to put your order.

USDCHF Daily - Closes as a two day outside bar, also divergence and other support and resistance areas shown.

Would be nice if time and price are always shown on your charts.
RisingSun

Hi.
Nice clean charts, I do like an aesthetically pleasing chart.
Would you share the settings of the histogram? (and what it is, if its not MACD or AO etc) . I trade similarly myself although your histo gives a nice clear visual on the divergences.
If not that's fine too.(got to ask)
All the best.

EURAUD 4hr - Watching this area for buys or sells, would want price to move above the S & R area to the left before buying.

@RisingSun - I'll try, I've always tried to make the chart area as large and clear as possible so that has meant sacrificing them.

@Spoon138 - Thank you, the indicator is the OsMA, it's basically just the histogram part of the MACD with the default settings. I rarely use it, but it is nicer than the standard MACD, also the standard MT4 MACD is not technically correct, the calculations it uses do not use the right price.

The EURAUD breakout couldn't get past the S&R area to the left and fell back down, there was outside bars that could have been traded on the 15 and 30 min charts as continuation of the decline rather than the usual turn of price trades.

4hr



This is the 30 min outside bar.



USDCHF fell away to the next S&R area after the two day outside bar.



Three trades which show the power of just support and resistance with price action bars, it doesn't have to be complicated, just a bit of patience.

Thank you alphac for your consideration as to have time and price inlcuded in your charts. Now I can replicate at ease to learn how you trade.

RisingSun

@RisingSun - Just keep it simple, find the S & R zones and look for PA there, it can get as complicated as you want, just get proficient at the basics.

If you have difficulty finding S & R zones then scrunch your chart up and they are easier to spot, drag the crosshairs up watching the horizontal line for touches, just mark the major ones.

GBPJPY Daily, major S & R zones.

GBPCAD Monthly pinbar, it's a nice 'shape', at a low obviously, it's even at the 1.7 big round number. Personally I don't like it, look at the bars before it, can that size pinbar halt that drop, maybe, I've seen smaller ones turn price there. There's a resistance area above to the left where the two candles drop and it wouldn't surprise me it price rises a little or even moves sideways, I'd be even less surprised if it's a 'wick fill' as Mike calls it, where price just moves down the wick.

NZDUSD Daily - Back up to an interesting area.

GBPNZD 4hr

EURUSD Daily - Box, where do you draw the upper line? Both are valid, may even be more there, I just treat the whole area as a place of interest and watch what price does when it gets there, trade price between the areas on lower timeframes, there's plenty of options.

I said I'd post some Supply and Demand stuff in case anyone's interested, I try to keep pics of most of my trades, it's helpful.

I have plenty of losers as well as winners, but these here are some trades I posted on Skype. If you know anything about S & D then you know yet again it's quite a simple strategy, find where price is moving away from fastest (gaps are great!). I think these are all 34 tick chart trades.

Setup1



Result 1



Setup 2



Result 2



Setup 3



Result 3

If you get two S & D areas together you can combine them as one area or just put orders at both.

Setup



A bit of luck is always welcome

Result

The gap was the give away here plus you get a tall candle above it, price was moving sideways then you get this acceleration, there has to be orders left behind.

Setup



Result

The first order was at the blue box and price cut right through it stopping it out, I placed another order after price moved through it. I could see there was some demand at the red box so was pretty confident price would drop. I'm not sure of the result of this.

Inital setup



Second sell order after failure of the first.