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Price Will Tell - Supply/Demand Price Action Trading

  • #1,141
  • Jan 23, 2017 8:05am Jan 23, 2017 8:05am
Quoting Hanuman
{quote} Might be a great place for a fake-out and up though, if you look further left on the chart...
Apologies, I missed your post.

Yes, there was a good chance it would come back into the range - always a danger with scalps, which is why I generally move stops to B/E once it's achieved about 1R.

There's actually a fresh H1 supply zone that's now formed around 0.86220 but I'd need to see some kind of test of that level first before shorting it again.
  • #1,142
  • Jan 23, 2017 8:09am Jan 23, 2017 8:09am
Quoting simond2002
{quote} Apologies, I missed your post. Yes, there was a good chance it would come back into the range - always a danger with scalps, which is why I generally move stops to B/E once it's achieved about 1R. There's actually a fresh H1 supply zone that's now formed around 0.86220 but I'd need to see some kind of test of that level first before shorting it again.
For reference:

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  • #1,143
  • Jan 23, 2017 9:30am Jan 23, 2017 9:30am
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  • #1,144
  • Jan 23, 2017 6:51pm Jan 23, 2017 6:51pm
Quoting simond2002
{quote} Flicked to the H1. Trying a little breakout trade on this, targeting the lower yellow line.. Screenshot_1.png;2151465 {image}

I think the ideal entry would have been the test of 0.8630 which was resistance from a previous demand bar. However locking in BE trades on breakout trades is a wise decision.
  • #1,145
  • Jan 24, 2017 12:29am Jan 24, 2017 12:29am
Quoting shrips
{quote} I think the ideal entry would have been the test of 0.8630 which was resistance from a previous demand bar. However locking in BE trades on breakout trades is a wise decision.
Entry was a bit early to be honest - usually I go in on the candle close. Discipline factor there.

Looks like it turned back up overnight. Will be keeping an eye on 0.8622 today. Hourly though, and this pair's been creeping around a bit.
  • #1,146
  • Jan 24, 2017 12:45am Jan 24, 2017 12:45am
Which way's USDJPY M5 currently going on a M5 chart?

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  • #1,147
  • Jan 24, 2017 12:55am Jan 24, 2017 12:55am
Quoting simond2002
Which way's USDJPY M5 currently going on a M5 chart? USDJPYM5.png;2153019 {image}
I'd say generally up but currently in a complex pullback
  • #1,148
  • Jan 24, 2017 1:11am Jan 24, 2017 1:11am
GBPJPY M15

A pullback and breakout would be nice. One of a few potential moves.

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  • #1,149
  • Jan 24, 2017 1:29am Jan 24, 2017 1:29am
Crazy M1 scalp entry into Oz as discussed prior.
Dunno, this pair just doesn't want to fall at the moment. M30 closes are not helping.

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  • #1,150
  • Jan 24, 2017 1:32am Jan 24, 2017 1:32am
Quoting Hanuman
{quote} I'd say generally up but currently in a complex pullback
Same. Unless it tops out on this TF I'll be targeting 113.75, which looks clearer on M15.
  • #1,151
  • Jan 24, 2017 1:48am Jan 24, 2017 1:48am
Quoting simond2002
GBPJPY M15 A pullback and breakout would be nice. One of a few potential moves. Screenshot_5.png;2153076 {image}
She's not called Dragon for nothing.

This is why I always read PA at the levels. Retail touch-traders getting rinsed this morning while London have their fun.

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  • #1,152
  • Jan 24, 2017 1:49am Jan 24, 2017 1:49am
Quoting simond2002
Crazy M1 scalp entry into Oz as discussed prior. Dunno, this pair just doesn't want to fall at the moment. M30 closes are not helping. Screenshot_6.png;2153106 {image}
Flat.
  • #1,153
  • Jan 24, 2017 6:01am Jan 24, 2017 6:01am
Quoting Hanuman
{quote} I'd say generally up but currently in a complex pullback
If you were trading only the M5 TF USDJPY where would you say (on a chart) the best trade setup came?
  • #1,154
  • Jan 24, 2017 6:19am Jan 24, 2017 6:19am
Quoting simond2002
{quote} If you were trading only the M5 TF USDJPY where would you say (on a chart) the best trade setup came?
If I was looking only at the M5 and ignore all the TFs above, I'd be looking to buy in the vicinity of 113.11 to113.16... should that fail I'd look at ard 113.03 again...
  • #1,155
  • Jan 24, 2017 6:51am Jan 24, 2017 6:51am
Quoting Hanuman
{quote} If I was looking only at the M5 and ignore all the TFs above, I'd be looking to buy in the vicinity of 113.11 to113.16... should that fail I'd look at ard 113.03 again...
The trade I was thinking about was a buy setup that went long during Asia. Maybe post a chart if u can see it....
  • #1,156
  • Jan 24, 2017 6:59am Jan 24, 2017 6:59am
Oz.

This is the last level I'm going to look for shorts. If it doesn't sell-off from here I'll go back to D1.

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  • #1,157
  • Jan 24, 2017 8:44am Jan 24, 2017 8:44am
GBPJPY M5

Some nuanced setups going on with these pairs at the moment. A lot of stuff my side is trading away from the extremities of the SD curve thus requiring special attention to get in at the optimum point. Like this one that got away...

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  • #1,158
  • Jan 24, 2017 8:58am Jan 24, 2017 8:58am
Quoting simond2002
Which way's USDJPY M5 currently going on a M5 chart? USDJPYM5.png;2153019 {image}
Bought it in the end with entry on that bull candle and initial stop below it. Shooting for the higher target but Dragon would've been better.
Signing off for the evening.

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  • #1,159
  • Jan 24, 2017 12:15pm Jan 24, 2017 12:15pm
Quoting simond2002
{quote} Bought it in the end with entry on that bull candle and initial stop below it. Shooting for the higher target but Dragon would've been better. Signing off for the evening. grab.png;2153869 {image}
Booked.

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  • #1,160
  • Jan 25, 2017 12:16am Jan 25, 2017 12:16am
Some key areas GBPJPY

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