Alphacs Journal

[semgio97lega]

Only a place to put some images old and new which some might discover useful, I have hundreds of trading images (setups, observations and trades) going back a few decades. I am now posting some on twitter. I don't know how long or frequently they will be posted. I've been trading not just forex, I like things simple, most is early James16 principles and some supply and demand.

[semgio97lega]

USDCHF daily - Just a support and resistance area using a two day pinbar, it might also close now as a two day outside bar.

Https://www.nigeriaforextrading.com/attachments/15251435611038249110.jpg


GBPCAD 1 hr - price action in a resistance area, two candles combine to make a pinbar.

Https://www.nigeriaforextrading.com/attachments/15251435631517535072.jpg

A closer look in the price action, with the thin line demoning a WIPG/first difficulty area.

Https://www.nigeriaforextrading.com/attachments/1525143529.jpg

As price moved away now there is a stall at the first trouble area, on a lower time you can see more clearly the service and resistance area here. It can also be utilized as a loion to re enter or add to the trade by searching for suitable price action.

https://www.nigeriaforextrading.com/attachments/1525143530.jpg

[semgio97lega]

A supply and demand exchange idea from a couple of days ago using many timeframes to look for appropriate areas from the supply and demand process.

EURNZD daily - A clear support and resistance place.

Https://www.nigeriaforextrading.com/attachments/15251435651873400649.jpg

The 1hr chart indies an area of likely demand which will have to be engulfed for price to go lower.

Https://www.nigeriaforextrading.com/attachments/1525143532.jpg

Eventually a 4hr chart revealing price reaching and engulfing demand then moving higher to a distribution zone before moving immediately. Notice the candle in the distribution zone before it drops off, the pinbar, these rejections before a big push away are a great place to put your order.

https://www.nigeriaforextrading.com/attachments/1525143533.jpg

[semgio97lega]

USDCHF Daily - Closes as a two day out pub, also divergence and additional support and resistance areas shown.

https://www.nigeriaforextrading.com/attachments/15251435671375655951.jpg

[mikaelina]

Would be fine if time and price are always shown in your charts. https://www.nigeriaforextrading.com/attachments/1525143534.jpg

[chavipk37]

Hi.
Nice clean charts, I really do to be an aesthetically pleasing chart.
Would you talk about the settings of this histogram? (and exactly what it is, if its not MACD or AO etc) . I trade similarly myself although your histo gives a visual on the divergences.
If not that is fine also. (got to ask)
All of the very best.

[semgio97lega]

EURAUD 4hr - Watching this area for buys or sells, would want price to move over the S T area to the left prior to buying.

https://www.nigeriaforextrading.com/attachments/15251435691895337200.jpg

[semgio97lega]

@RisingSun - I'll try, I have always tried to produce the chart area clear and as large as you can so that has meant sacrificing them.

@Spoon138 - billed you, the indior is the OsMA, it is basically only the histogram component of this MACD with the default settings. I rarely use it, however it's more straightforward than the standard MACDas well as the standard MT4 MACD is not technically appropriate do not use the price.

[semgio97lega]

The EURAUD breakout couldn't get past the SR place to the left and fell down, there was external bars that might have been traded on the 15 and 30 min charts as continuation of the decline instead of the usual turn of price trades.

4hr

https://www.nigeriaforextrading.com/attachments/15251435711114890529.jpg

This is the 30 min outside bar.

Https://www.nigeriaforextrading.com/attachments/1525143573943708619.jpg

USDCHF fell away to the next SR area after the two day outside bar.

Https://www.nigeriaforextrading.com/attachments/15251435741504571742.jpg

Three trades that reveal the power of just support and resistance using price action pubs, it does not need to be complex, just a little bit of patience.

[mikaelina]

Thank you alphac to your account as to have time and price inlcuded on your charts. Now I can repeat at ease to understand how you exchange. https://www.nigeriaforextrading.com/attachments/1525143538.jpghttps://www.nigeriaforextrading.com/attachments/1525143538.jpghttps://www.nigeriaforextrading.com/attachments/1525143538.jpg

[semgio97lega]

@RisingSun - find the S R zones, keep it simple and look for PA there, it can get as complied as you want, just get proficient in the basics.

[semgio97lega]

in case you have difficulty finding S T zones then scrunch your chart up and they are easier to place, drag the crosshairs up watching the horizontal line for rolls, simply mark the major ones.

GBPJPY Daily, major S T zones.

https://www.nigeriaforextrading.com/attachments/1525143576226884064.jpg

[semgio97lega]

GBPCAD Monthly pinbar, it's a nice 'shape', in a low obviously, it's even in the 1.7 large round number. Personally I don't enjoy it, examine the pubs before it, may that size pinbar stop that drop, maybe, I've seen smaller ones flip price there. There is a resistance area above to the left in which the 2 candles drop and it would not surprise me it price climbs a little or even moves sideways, I'd be even less surprised if it's a 'wick fill' as Mike calls it, where price just goes down the wick.

https://www.nigeriaforextrading.com/attachments/1525143578104998175.jpg

[semgio97lega]

NZDUSD Daily - Back up to an intriguing loion.

https://www.nigeriaforextrading.com/attachments/1525143580942436894.jpg

[semgio97lega]

GBPNZD 4hr

https://www.nigeriaforextrading.com/attachments/1525143581708282261.jpg

[semgio97lega]

EURUSD Daily - Box, where would you draw the upper line? Both are legitimate, might be more there, I just treat the area and see exactly exactly what price will when it gets there, trade price between the areas on timeframes, there's plenty of options.

https://www.nigeriaforextrading.com/attachments/1525143583530151391.jpg

[semgio97lega]

I said I would post a Offer and Demand stuff if anyone's interested, I try to maintain pics of the majority of my trades, it's helpful.

I've plenty of losers as well as winners, but these here are a few trades I submitted on Skype. If you understand anything about S D afterward you definitely understand yet again it's quite a straightforward egy, find where price is moving from fastest (gaps are fantastic!) . I feel these are all 34 tick chart trades.

Setup1

https://www.nigeriaforextrading.com/attachments/1525143543.jpg

Result 1

https://www.nigeriaforextrading.com/attachments/1525143544.jpg

Installation 2

https://www.nigeriaforextrading.com/attachments/1525143585314889415.jpg

Result 2

https://www.nigeriaforextrading.com/attachments/1525143587485434136.jpg

Installation 3

https://www.nigeriaforextrading.com/attachments/15251435891984367706.jpg

Result 3

https://www.nigeriaforextrading.com/attachments/15251435911245935878.jpg

[semgio97lega]

If you have two S D areas together it's possible to combine them as one spot or just place orders at both.

Setup

https://www.nigeriaforextrading.com/attachments/152514359380156722.jpg

A bit of luck is always welcome

Result

https://www.nigeriaforextrading.com/attachments/15251435941820436938.jpg

[semgio97lega]

The gap has been the give away here and you receive a tall candle over it, price was moving backward then you get that acceleration, there needs to be orders left behind.

Setup

https://www.nigeriaforextrading.com/attachments/1525143551.jpg

Result

https://www.nigeriaforextrading.com/attachments/1525143596328430520.jpg

[semgio97lega]

The first order was in the blue box and price cut through it quitting it out, I placed another order after price moved through it. I might see there was a need in the red box so was pretty certain price would fall. I am unsure of the consequence of this.

Inital installation

https://www.nigeriaforextrading.com/attachments/1525143598324428231.jpg

Second sell order after collapse of this first.

https://www.nigeriaforextrading.com/attachments/1525143600677426787.jpg

[Kamikazepink]

Hello

Is this thread alive?

[Alay666]

Sadly Alphac has changed his profile .

[Kamikazepink]

Yes sadly. Thank you for the info. Any thread or journal like that you can recommend?

[semgio97lega]

Just some thoughts on Supply and Demand of things which have missed, SD has been the new price action for a few decades now, many try to use it and as with price action many fail. Nonetheless, it appears simple? The men who want to sell you courses want you to believe that.

A typical chart with supply areas marked, the standards for these areas I've used is simply where price has moved rapidly off and for a reasonable distance, I do not want to get bogged down with the standards as it will steer clear of the key points I am trying to emphasize.

Https://www.nigeriaforextrading.com/attachments/1525144841194593701.jpg

You could have traded a couple of the areas for nice profits and large returns with no doubt, the best place to trade from is not marked by a rectangle though, it is the blue line in the base, and here's why. I've scrolled forwards a little to reveal what price does when it yields to it.

Https://www.nigeriaforextrading.com/attachments/15251448431706155427.jpg

Here is a closer look in the original place, does not look spectacular, but look again in the first picture, this is actually the source of this move which takes out three of those supply loions.

Https://www.nigeriaforextrading.com/attachments/15251448451731675296.jpg

That is all well and good, you have probably heard people tell you to start looking for the 'source of this transfer' before. Look closely at the third picture again, in the close of the go down there are just two large red bars, the next one is very interesting because the green candle afterwards is not that striking, yet that's the start of the whole move up (like it has been done on purpose?) But this is one time frame of course and things may look quite different as you view various ones.

Moving back to picture one, what on the best supply zone which has not been taken out? The picture shows that following the return to the bottom price does last to take the top zone out. So. . .would that new place in the base be a fantastic area to buy again? Didn't price rocket down after reaching the best zone? After all it's the source of the original move down? Seems like my stop loss could have been taken out https://www.nigeriaforextrading.com/attachments/1525144826.png

https://www.nigeriaforextrading.com/attachments/1525144847808297182.jpg

Not so simple is it? Great looking areas fail, pubs that appear innocuous totally change the direction of price, stop losses get taken out until price moves in the direction of this trade etc

This is what you're up against whichever way you trade in reality. The charts I've used are the GBPJPY 30 minute chart, so once you look at larger time frames, things will look different, there'll be other zones and turning points, zones outside of your zones and on smaller time frames zones within your zones... regardless of how accurately you plot your areas to meet your standards in reality you have got to begin at the largest time frame and work and in my view look for short term transactions and shield yourself, accepting quick profits or moving your stop loss, that is partially why I use the tiniest time frames and since I am impatient.

Hope it makes some sense, might have been mentioned before, hope it is helpful to someone.

Happy New Year

[semgio97lega]

AUDJPY 15 minute chart. Will be greater if it breaks through and on the lookout for shorts here .

https://www.nigeriaforextrading.com/attachments/15251448491343752137.jpg

[semgio97lega]

AUDJPY 15 minute chart. Will be looking for shorts and higher if it breaks. picture A rejection of the zone today, 1:1 , is going to see what happens next. For me transactions like this are closed out and take the profit, can constantly leave to operate with SL at BE and take some profit if that is your nature.

https://www.nigeriaforextrading.com/attachments/15251448511921992207.jpg

[semgio97lega]

AUDJPY 15 minute chart, possibly further opportunities to go brief, will also watch smaller time frames.

https://www.nigeriaforextrading.com/attachments/1525144853765183268.jpg

[anageleokmuiz]

AUDJPY 15 minute chart, maybe further chances to go short, will even watch smaller time frames. picture
Hello Alpha, welcome back.

Thank you for posting this AUD JPY chart.
I had forgotten I had a monthly resistance highlighted right at the low.
I only bought in the retest of my lineup and currently in the black expecting to get a goal up at 88.9 ish if price moves from this congestion place.
I am thinking short chances lay up in 88.91 - 88.95

(I will delete this post after not to choke up your thread)!

Great trading for 2018
https://www.nigeriaforextrading.com/attachments/15251448561685868081.jpg