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Supply and Demand with Momo

Posted: Wed Apr 04, 2012 5:48 pm
by Pro Trader
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

Posted: Wed Apr 04, 2012 6:03 pm
by Pro Trader
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

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H1

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15m

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

USDX D1

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USDX H4

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Posted: Fri Apr 06, 2012 7:53 pm
by withnail
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.
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Nice trading Pro and keep up the posting.
Cheers Withnail.

Posted: Mon Apr 09, 2012 7:02 pm
by Pro Trader
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.
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Nice trading Pro and keep up the posting.
Cheers Withnail.


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

Posted: Wed Apr 11, 2012 8:32 pm
by Pro Trader
EU Long

H4

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H1

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15m

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GU Long

H4

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H1

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15m

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Posted: Thu Apr 12, 2012 7:03 pm
by Pro Trader
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

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H1

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15m

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USDX

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Posted: Mon Apr 16, 2012 7:12 pm
by Pro Trader
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

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H1

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15m

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USDX

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Posted: Tue Apr 24, 2012 9:06 pm
by Pro Trader
A few more trades

UC yesterday

H4

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H1

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15m

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EU today

H4

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H1

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15m

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USDCHF today

H4

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H1

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15m

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USDX

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Posted: Wed Apr 25, 2012 9:07 pm
by Pro Trader
Todays trades

EU

H4

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H1

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15m

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NU

H4

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H1

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15m

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Posted: Mon Apr 30, 2012 9:42 pm
by Pro Trader
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

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H4

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H1

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15m

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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

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H1

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15m

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NU

H4

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H1

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15m

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USDX Confluence

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