Supply/Demand, VSA, Wyckoff with Petefader

[steveleg]

Saw this great trade yesterday evening on the GBPCHF 1hr T/F. Largest volume of the last 7 days coming in on the .618 - .50 fibb kill zone with a long wick showing stopping volume, selling coming in to the market. On this occasion I didn`t wait for a No Demand confirmation on the 5 min T/F, I just made an aggressive short entry at the close of that 1 hr candle. I set my T/P at 1.52711 and went to bed. I don`t usually leave trades over the weekend but I can micro manage this one on Monday.

[Tassiefx]

Nice setup. I will keep my fingers crossed for a settled weekend and no gap ups for you.
I personally hate leaving a trade over the weekend - in fact, I have never done that yet. I am too nervous about a gap occurring past my SL level, exposing me to more risk than I deemed appropriate when I made the trade.

[steveleg]

Actually Kyle, it`s the first time I`ve ever done it. Thanks for those crossed fingers. Positive energy, all will be well.

[PipWright]

You should be fine holding that trade open. Sunday could get a bit squirrelly but you are in the green substantially. Nice trade.

[Tassiefx]

There doesn't seem to be anything going on over the weekend, so I would think a very minimal gap, if any. Like I said, the trade did look quite nice apart from that bit, but then again, that is just my risk appetitie and I am sure others may do it regularly.

[mikeytrader1]

There doesn't seem to be anything going on over the weekend, so I would think a very minimal gap, if any. Like I said, the trade did look quite nice apart from that bit, but then again, that is just my risk appetitie and I am sure others may do it regularly.

Hey Tassie,

I aggree with you. Unless you swing trade with a huge stop loss, over the weekend trades become more of a bet. I wouldn't do it except for my ea. Cheers,

Mike

[joeytheprofit]

8/20 morning .. what do you think?

[Tave]

I caught the ND signals at the top of the EU yesterday locked in nearly 50pips on the short pretty happy with that, was getting NS signals at the bottom consolidation at the 1.23000 level so thats what made me close out. So that would have been a good time to buy but it was nearing midnight in Aus so I left it at that.
IMO EU looks to be in markup mode in your image (not sure current as I dont have a chart infront of me now)

Cheers,
Tave

[Aswilled1]

According to the vidoes, if you dont wait for confirmation its an agressive entry. This an aggressive no demand entry. But I'll take a look at the videos again....

Yes see the videos over and read this thread from the beginning. A no demand comes after a mark up. You were looking for a no demand after a mark down.

[Tassiefx]

Saw this great trade yesterday evening on the GBPCHF 1hr T/F. Largest volume of the last 7 days coming in on the .618 - .50 fibb kill zone with a long wick showing stopping volume, selling coming in to the market. On this occasion I didn`t wait for a No Demand confirmation on the 5 min T/F, I just made an aggressive short entry at the close of that 1 hr candle. I set my T/P at 1.52711 and went to bed. I don`t usually leave trades over the weekend but I can micro manage this one on Monday.

Hey Steve,
How did you go. Hope you closed out in nice profit on Monday