Supply and Demand with Momo

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Supply and Demand with Momo

Postby Pro Trader » Wed Apr 04, 2012 5:48 pm

Greetings fellow traders!

I am going to use this thread to share trades using supply and demand for direction and momo for confirmation and entry.

How I trade is pretty much a mixture of Sam Seidens teachings on S+D and what I have learnt here on Kreslik re momo and zlines etc.

My entries are largely based on Dragons strategy but I have many here at Kreslik to thank for my trading knowledge TRO and MO to name a few.

I'll post when I can.

Please feel free to comment

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Postby Pro Trader » Wed Apr 04, 2012 6:03 pm

The basic setup.

I look to trade from H4 and or D1 supply and demand levels.

Ideally I like to see a little bit of basing and a huge rally for a long or huge drop for a short.

I'll mark the level and wait for price to return to it.

When it does I wait for a H4 momo or SSH4 (Same Size H4 candles) to leave the level.

Next I wait for the zl or 50% of the H4 momo or the 50% of the SSH4 to be tested and rejected. I then want to see a H1 momo or SSH1s in my direction.

Next I wait for the zl or 50% of the H1 momo to hold or the 50% of the SSH1s.

Entry is after a 15m M or SS15m candles form away from the H1 level.

A picture tells a thousand words so here's todays trade.

USDCAD Long

H4

Image

H1

Image

15m

Image

Oh and I use the USDX when trading USD pairs for added confluence see below

USDX D1

Image

USDX H4

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withnail
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Postby withnail » Fri Apr 06, 2012 7:53 pm

Nice to see there is a new log to follow here :) I will be following along. I never traded UC so thought it would be good to try a markup inspired from your trade. This is what I came up with.
Image
Nice trading Pro and keep up the posting.
Cheers Withnail.
1. Big loss, 2. Small Loss, 3. Big Win, 4. Small Win --- just prevent 1.

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Postby Pro Trader » Mon Apr 09, 2012 7:02 pm

withnail wrote:Nice to see there is a new log to follow here :) I will be following along. I never traded UC so thought it would be good to try a markup inspired from your trade. This is what I came up with.
Image
Nice trading Pro and keep up the posting.
Cheers Withnail.


Hey Withnail, good stuff there. Nice to see your take on things,

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Postby Pro Trader » Wed Apr 11, 2012 8:32 pm

EU Long

H4

Image

H1

Image

15m

Image

GU Long

H4

Image

H1

Image

15m

Image

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Postby Pro Trader » Thu Apr 12, 2012 7:03 pm

GU was still long from that H4 Demand level as far as I was concerned because it hadnt hit any quality supply to make it turn south. The nearest decent supply was the one I marked up on the H1 so when I got another opportunity to long today, I took it.

USDX at supply on H4 and Daily added confluence.

H4

Image

H1

Image

15m

Image

USDX

Image

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Postby Pro Trader » Mon Apr 16, 2012 7:12 pm

GU Long from the same Demand level as before

I've bought off this level 4 times since it formed.

With the USDX coming off D1 and H4 supply, no reason not to go long GU.

H4

Image

H1

Image

15m

Image

USDX

Image
Last edited by Pro Trader on Thu Aug 02, 2012 5:08 pm, edited 1 time in total.

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Postby Pro Trader » Tue Apr 24, 2012 9:06 pm

A few more trades

UC yesterday

H4

Image

H1

Image

15m

Image

EU today

H4

Image

H1

Image

15m

Image

USDCHF today

H4

Image

H1

Image

15m

Image

USDX

Image

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Postby Pro Trader » Wed Apr 25, 2012 9:07 pm

Todays trades

EU

H4

Image

H1

Image

15m

Image

NU

H4

Image

H1

Image

15m

Image

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Postby Pro Trader » Mon Apr 30, 2012 9:42 pm

Todays Trades

I'll start with USDCAD as this was my trade of the day and biggest trade for a while actually.

As you can see a Red H4 closed below the Green H4 Momo but I still saw what I needed to see from PA thereafter to get me into the trade.

D1

Image

H4

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H1

Image

15m

Image

USDCHF

Not my usualy setup I must admit as it is not really from what I would call Demand. USDX was at demand and I got the go ahead so I took it. I wouldn't normally though.

H4

Image

H1

Image

15m

Image


NU

H4

Image

H1

Image

15m

Image

USDX Confluence

Image
Last edited by Pro Trader on Thu Aug 02, 2012 5:06 pm, edited 1 time in total.

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