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C-12's Supply, Demand and PA thread

  • #4,521
  • Aug 9, 2016 9:58pm Aug 9, 2016 9:58pm
Quoting C-12
{quote} Looks good to me.
I'm out, still looks premature though.... bad habit... close it on smartphone
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  • #4,522
  • Aug 10, 2016 1:42am Aug 10, 2016 1:42am
Long on EJ on daily. We are at significant weekly/ monthly support on my charts.

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  • #4,523
  • Aug 10, 2016 7:33am Aug 10, 2016 7:33am
Got a single short on UCAD. There was a good bit of rollover PA to add more shorts earlier.. The daily demand looked interesting but there wasn't any PA to get long inside it.

This is why I'm not keen on limit orders. Playing PA is much more reassuring but you've got to be around to watch it unfold (which isn't possible with a fulltime job).
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  • #4,524
  • Aug 10, 2016 9:19am Aug 10, 2016 9:19am
I'd love to short dax here but can't get the right positions size on this broker..

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  • #4,525
  • Aug 10, 2016 1:54pm Aug 10, 2016 1:54pm
Sold NZDCAD. Nice daily pa with a few other confluences.

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  • #4,526
  • Aug 10, 2016 3:38pm Aug 10, 2016 3:38pm
Old M1 habits die hard.

Don't try trading at this time of day... You might end up committing suicide with spreads you can drive a bus through.

I've got some longs at BE on this from lower so will see what the overnight brings.
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  • #4,528
  • Aug 11, 2016 2:46am Aug 11, 2016 2:46am
Quoting NaughtyPip
Sold NZDCAD. Nice daily pa with a few other confluences. {image}
lol i really thought nzd would drop on lower rates. oh well
  • #4,529
  • Edited 11:46am Aug 11, 2016 4:37am | Edited 11:46am
Long on UJ. Few confluences on htf at this area. Will get to break even if price gets to 102

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  • #4,530
  • Aug 11, 2016 6:29am Aug 11, 2016 6:29am
Quoting NaughtyPip
{quote} lol i really thought nzd would drop on lower rates. oh well

It was a massive short squeeze.

"There is just one problem with this widely telegraphed rate cut (which promised that monetary police will continue to be accommodative) - it was too widely telegraphed, and the market had fully priced it in (with a 20% probability of a 50 bps rate cut) so much so that instead of weakening the currency, the shorts which had been piling in and hoping for even more from New Zealand central bank governor Wheeler, were disappointed, unleashing a massive short squeeze and stop-triggering cascade, which has as of this moment pushed the Kiwi to the highest level in the past year!"

Here's the link
http://www.zerohedge.com/news/2016-0...-cuts-rate-200
  • #4,531
  • Aug 11, 2016 6:54am Aug 11, 2016 6:54am
Quoting AlexC
{quote} It was a massive short squeeze. "There is just one problem with this widely telegraphed rate cut (which promised that monetary police will continue to be accommodative) - it was too widely telegraphed, and the market had fully priced it in (with a 20% probability of a 50 bps rate cut) so much so that instead of weakening the currency, the shorts which had been piling in and hoping for even more from New Zealand central bank governor Wheeler, were disappointed, unleashing a massive short squeeze and stop-triggering cascade, which has as of...
nice article Al, I thought nzd would go up against the dollar but was hoping ncad would hang around based on the pa.. i got pending sells on nzdusd at 0.74. Been eyeing that zone for ages hehe
  • #4,532
  • Aug 11, 2016 9:10am Aug 11, 2016 9:10am
Hi all,

XAUUSD M30 ...

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  • #4,533
  • Edited 9:28am Aug 11, 2016 9:17am | Edited 9:28am
And Euro M30 ... and M15

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  • #4,534
  • Aug 11, 2016 11:38am Aug 11, 2016 11:38am
And EuroJPY .... M30

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  • #4,535
  • Edited 11:49am Aug 11, 2016 11:39am | Edited 11:49am
UCAD PA trades

I think this pair trades really smoothly with H4/H1 view and D1 as a reference chart.
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  • #4,536
  • Aug 11, 2016 11:59am Aug 11, 2016 11:59am
Quoting NaughtyPip
{quote} lol i really thought nzd would drop on lower rates. oh well
Yeah, bit of a tricky one this.

I don't trade this pair but you can see some very subtle PA there that went counter to the big D1 engulfing bar.

Notice that little demand establish and retest. TBH I wouldn't have paid much attention to it either if I was watching at the time.
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  • #4,537
  • Aug 11, 2016 1:51pm Aug 11, 2016 1:51pm
Quoting C-12
{quote} Yeah, bit of a tricky one this. I don't trade this pair but you can see some very subtle PA there that went counter to the big D1 engulfing bar. Notice that little demand establish and retest. TBH I wouldn't have paid much attention to it either if I was watching at the time. {image}
hey c12,

yea i was aware of bull engulfs but i discounted them because of the pin bar that absorbed the buyers from the demand and also because we were sat inside a big weekly bear engulf with weekly resistance also. Often the bullish signs on lower time frames are a trap when there are bearish signs on the htf, if you know what i mean.
  • #4,538
  • Aug 12, 2016 3:34am Aug 12, 2016 3:34am
No brainer forming on eurjpy. I'm long as well so will prbably let both run and see which gets stopped out.

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  • #4,539
  • Aug 15, 2016 8:11am Aug 15, 2016 8:11am
Hi All,

GJ M30 Short ...

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  • #4,540
  • Aug 15, 2016 5:00pm Aug 15, 2016 5:00pm
Could be some reaction around this area
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