Alphacs Journal - Page 3
Page 3 of 613 FirstFirst 123
Results 21 to 28 of 28

Thread: Alphacs Journal

  1. #21

  2. #22
    Sadly Alphac has changed his profile .

  3. #23
    Yes sadly. Thank you for the info. Any thread or journal like that you can recommend?

  4. #24
    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.



    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.



    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.



    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



    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

  5. #25
    AUDJPY 15 minute chart. Will be greater if it breaks through and on the lookout for shorts here .


  6. #26
    Quote Originally Posted by ;
    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.


  7. #27
    AUDJPY 15 minute chart, possibly further opportunities to go brief, will also watch smaller time frames.


  8. #28
    Quote Originally Posted by ;
    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

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
This website uses cookies
We use cookies to store session information to facilitate remembering your login information, to allow you to save website preferences, to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners.