Long I have 2 long EU positions @11 and 17 with target set at supply zone @44. Have moved stop to profit and will move them up as price increases. gregben

C-12's Supply, Demand and PA thread

See chart for first 3 trades of the day, 2 short for +23 and +4 and a buy for +8. gregben

C-12's Supply, Demand and PA thread

Just tried to attach a chart but can't seem to ( have not had problems on other forums ). Any suggestion??? gregben

C-12's Supply, Demand and PA thread

As per previous post I sold @ 63.6 and have closed 1/2 @ 55.6 and other with TP @ 38, just above 15 min demand zone. Stop moved to 54.6 gregben

C-12's Supply, Demand and PA thread

C-12 I took the same entry, but closed out earlier than you. Well done. My question is do you enter short straight away now the 5 min supply zone is hit ( longer timeframes down) or do you wait for a couple of more touches? Still learning this ...

C-12's Supply, Demand and PA thread

Yesterday I downloaded the ii_SupDem v2 indicator and placed onto my charts ( it automatically draws the supply and demand levels). I then proceeded to monitor it for a few hours on time frames from 1 min to 4 hrs. I was astonished ( I have never ...

C-12's Supply, Demand and PA thread

C-12 Just browsing forums over break and came accross this thread. Have read most of this and BS trading with kenneth Lee and have found it very interesting. Have not used supply and demand areas before an am keen to persue the system further. I ...

C-12's Supply, Demand and PA thread

I am short @ 348 with SL now BE. Reasoning is rejection @355 with monthly R2, weekly R1 and daily R1 in a cluster between 57/59. No TP set, will monitor PA and close when I see a reversal. I see it as a retracement only with the bulls still in ...

EURUSD

Divergence. Entered this trade as a specky purely based on divergence. See chart showing divergence on RSI ( over sold area ) and AO compared to price. Also price was at the Daily S1 level. I have 13 pips locked in and will continue to move stop iu ...

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9er, Thanks. I have always endevoured to move the SL to BE as soon as possible, but sometimes I do it prematurely and get taken out only to see the trade move again in my direction. I then hesitate about re-entering and generally make poor ...

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Guys, A couple of you have been asking where to exit trades. A rule I have been following is to target 127% of the AB leg and / or the 161.8% move of the BC leg. See the attached chart of the 5 min and you will see it was a perfect place to exit. ...

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9er In the chart is the green ABCD a valid setup. C is only a 50% retracement but D is 127% extension of AB and 161.8% (very close ) of BC. gregben

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NuNix, Thankyou, pivots removed. gregben

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9er', I too have the same ABCD completion on the 4 hr chart. MY question is ( even if it not a valid completion ), what is the normal retracement after such a completion if any? Do you draw fibs from CD leg or any other fib, or is the retracement ...

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Mr Pip We have a confluence in the area you have marked. If you put a fib extension to each of the legs ( retracements of the upward trend ) all of them either have their 1.618% lines in this area. gregben

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9er Just back from a lovely dinner with my wife. Entered a short trade prior to going and pleased to see green pips on my return and now stop at BE. My question is that we are seeing the completion of the ABCD on 15 min and 1 hr timeframe, but a ...

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sorry, 9er, been away frompc. on 5 min do we have a completion of D? gregben

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Am on the same wavelenght. Projected D target now 1.3017 ( 127 extension ) or 1.3012 ( 1.618 extension). Is this correct?

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9er, I was looking at exactly the same premive, waiting for the 61.8 retracement, but it has rebounded exactly off the 38.2. What does this show and what should we be next looking for? gregben

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Mr Pip, Many thanks for your explanation and wonderful chart. When you see it in retrospect it looks so simple, the challenge is to see it as it is setting up. I am looking forward to the challenge of spotting these setups as they occur and will ...

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