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C-12's Supply, Demand and PA thread

  • #4,841
  • May 9, 2017 6:45pm May 9, 2017 6:45pm
Quoting C-12
{quote} Yeah, got a small live account on the go opening on Monday. Had quite a nice start yesterday very calm and disciplined but nothing spectacular. Today has been a bit of a pain, some early small losses on GU, then those annoying break evens and little late revenge trading to recover it. It's causing me some added stress at work trying to do a dodgy remote to my PC, so might have to pull the plug on it.. Will give it another week.
Don't give up. Keep it going until you feel comfortable trading live as you are on demo... But just don't give in...... This is the right path...
  • #4,842
  • Edited 2:27am May 10, 2017 2:16am | Edited 2:27am
Yeah I'm too deep in now to quit.

As for today's action. I'm looking at a small H4 fresh supply on the USDX for a possible long on EU.

Also mindful of the EU unfilled gap below. let's see what PA brings and trade it.

GU sure looks like taking out those highs but I'm not going anywhere near that pair (GU can play dirty round those areas).
  • #4,843
  • May 10, 2017 4:48am May 10, 2017 4:48am
Got stopped on the long but the PA rolled over for a nice cut and reverse.

Will hold these for a bit and get back to work.
Attached Image (click to enlarge)
Click to Enlarge Name: EU.PNG Size: 88 KB
  • #4,844
  • May 10, 2017 12:20pm May 10, 2017 12:20pm
One from today, we are in a down trend still we have some room until some buyers might come, trade at be and i left my EA manage it for me What i see now my analysis is right but when i go to lower tf for entry i get very confused for some reason ..... i missed 5 trades that i were marked a long time ago because of that ....
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-05-10 19_41_16-AUDCAD,H4.png Size: 86 KB
  • #4,845
  • May 10, 2017 12:22pm May 10, 2017 12:22pm
AS for EU we are clearly bouncing from a strong supply on Weekly ... so sell is the way to go for me ....
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-05-10 20_21_47-EURUSD,Weekly.png Size: 78 KB
  • #4,846
  • May 10, 2017 1:00pm May 10, 2017 1:00pm
Quoting teodosy87
One from today, we are in a down trend still we have some room until some buyers might come, trade at be and i left my EA manage it for me What i see now my analysis is right but when i go to lower tf for entry i get very confused for some reason ..... i missed 5 trades that i were marked a long time ago because of that .... {image}
Best to stick to the higher TF then which always rules in the end.

After getting wrong footed on the open, I managed to get some adds on M30 on the engulfs and banked some on each effort so all good. Pretty straight forward and clean action on EU.

So unless price comes flying back to take out my break evens, looks like I'm doing the overnight hold.
Attached Image (click to enlarge)
Click to Enlarge Name: EU.PNG Size: 46 KB
  • #4,847
  • May 10, 2017 1:38pm May 10, 2017 1:38pm
Bollocks to it. Closing these out and switching off the monitors.

As a scalper, if price wants to keep going south will pick up on it tomorrow.

Made a good result here so let's bank up.
Attached Image (click to enlarge)
Click to Enlarge Name: EU.PNG Size: 50 KB
  • #4,848
  • May 10, 2017 3:01pm May 10, 2017 3:01pm
Quoting C-12
Bollocks to it. Closing these out and switching off the monitors. As a scalper, if price wants to keep going south will pick up on it tomorrow. Made a good result here so let's bank up. {image}
Good decision C12... Now you can sleep well..
  • #4,849
  • May 10, 2017 3:33pm May 10, 2017 3:33pm
Quoting tradeforlife
{quote} Good decision C12... Now you can sleep well..
Well I hate sleeping with one eye open!

I remember when I was trading full time a few years ago and waking up n the middle of the night to check my trades. Sometimes I'd sit up and watch every bit of crappy BOJ or Kiwi news output. I'd then wake up at 6am to scalp the EU and GU. It was insane.

It's a none issue on a demo account, but when you've got hard cash on the line.... It's something you've got to test out before you decide if swing trading suits your personality type.
  • #4,850
  • May 10, 2017 3:41pm May 10, 2017 3:41pm
Just flicked through the charts and noticed a great setup in UCAD today.

H4 engulfing (fresh supply) retested with a fresh M30 engulfing and a potential on the swing side to run some.
Attached Image (click to enlarge)
Click to Enlarge Name: UCAD.PNG Size: 99 KB
  • #4,851
  • May 10, 2017 4:20pm May 10, 2017 4:20pm
Quoting C-12
Just flicked through the charts and noticed a great setup in UCAD today. H4 engulfing (fresh supply) retested with a fresh M30 engulfing and a potential on the swing side to run some. {image}
I also saw that was marked a long time ago as well such a nice setup, we bounced from the newly daily supply that were formed with bearish engulfing pattern
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2017-05-11 00_19_15-USDCAD,Daily.png Size: 92 KB
Click to Enlarge Name: 2017-05-11 00_18_56-USDCAD,Daily.png Size: 81 KB
  • #4,852
  • May 11, 2017 7:31am May 11, 2017 7:31am
Anyone catch the H1 engulf on the EU ? Also UCAD offered a setup. will bank a bit here and eye this area to see if it breaks or holds.

Looks like it took it out. Was a bit premature with the first exits.
Attached Image (click to enlarge)
Click to Enlarge Name: EU.PNG Size: 96 KB
  • #4,853
  • May 11, 2017 8:01am May 11, 2017 8:01am
Quoting C-12
Anyone catch the H1 engulf on the EU ? Also UCAD offered a setup. will bank a bit here and eye this area to see if it breaks or holds. Looks like it took it out. Was a bit premature with the first exits. {image}
I did not catch EU was looking but did not pull the trigger. Still i did catch GU... This has some more room to go
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20170511-155835.png Size: 150 KB
  • #4,854
  • May 11, 2017 8:03am May 11, 2017 8:03am
i am also looking at this ... We have a pretty good supply zone on weekly ... on UJ
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-05-11 16_02_19-29594883 - [USDJPY,Weekly].png Size: 74 KB
  • #4,855
  • May 11, 2017 8:13am May 11, 2017 8:13am
Quoting teodosy87
i am also looking at this ... We have a pretty good supply zone on weekly ... on UJ {image}
Could be a good area of interest.

I'm out of all now. Didn't see the PA on EU / UCAD for the best exits but it's all good.
Attached Image (click to enlarge)
Click to Enlarge Name: EU.PNG Size: 91 KB
  • #4,856
  • May 11, 2017 8:19am May 11, 2017 8:19am
Quoting C-12
{quote} Could be a good area of interest. I'm out of all now. Didn't see the PA on EU / UCAD for the best exits but it's all good. {image}
Look at this we have daily Supply embedded in weekly supply and we have engulfing on h4 .... this baby seems to be going down .....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2017-05-11 16_18_16-CADJPY,Weekly.png Size: 70 KB
Click to Enlarge Name: 2017-05-11 16_18_02-CADJPY,Daily.png Size: 74 KB
Click to Enlarge Name: 2017-05-11 16_17_45-CADJPY,H4.png Size: 73 KB
  • #4,857
  • May 11, 2017 11:59am May 11, 2017 11:59am
Quoting teodosy87
{quote} Look at this we have daily Supply embedded in weekly supply and we have engulfing on h4 .... this baby seems to be going down ..... {image} {image} {image}
Looks like some solid PA in that pair.
  • #4,858
  • May 11, 2017 12:03pm May 11, 2017 12:03pm
Got love / hate relationship with this pair so often remove it off the list.. And then regret it.

But look at the PA here. Just textbook stuff... These two timeframes are a great match up.

You could argue that H4 was all that was needed here.
Attached Image (click to enlarge)
Click to Enlarge Name: GU.PNG Size: 91 KB
  • #4,859
  • May 11, 2017 12:23pm May 11, 2017 12:23pm
DX tapped supply and closed the gap.
Attached Image (click to enlarge)
Click to Enlarge Name: DX.PNG Size: 72 KB
  • #4,860
  • May 11, 2017 12:27pm May 11, 2017 12:27pm
EU didn't gap fill but found a sneaky bit of remaining H4 demand.
Attached Image (click to enlarge)
Click to Enlarge Name: EU.PNG Size: 35 KB
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