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Supply Demand EA
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=2060		 Page 8 of 43
Author:  fx800 [ Mon May 06, 2013 2:46 pm ]
Post subject:  Re: Supply Demand EA
EURJPY UT - same as for GBPJPY.
Author:  fx800 [ Mon May 06, 2013 4:23 pm ]
Post subject:  Re: Supply Demand EA
AUDJPY H4 UT, made a false break of the daily pivot, forming a pin bar. Stochs OS.

Anyone trading pin bar would place a pending order 5 to 10 pips above the nose of the pin bar. It is the wrong time of the day to take a trade, otherwise, the pin is very tradable.
Author:  fx800 [ Mon May 06, 2013 4:45 pm ]
Post subject:  Re: Supply Demand EA
fx8000 wrote:AUDJPY H4 UT, made a false break of the daily pivot, forming a pin bar. Stochs OS.

Anyone trading pin bar would place a pending order 5 to 10 pips above the nose of the pin bar. It is the wrong time of the day to take a trade, otherwise, the pin is very tradable.
I have taken the trade just for illustration. We will see what happens.
Author:  fx800 [ Mon May 06, 2013 5:40 pm ]
Post subject:  Re: Supply Demand EA
This is the SPX500 DAILY chart. It has broken through the 1600 barrier and is heading towards 1650.

This will be good for XXXJPY pairs.

Look out for buying opportunities when London re-opens tomorrow.

The best of the bunch are GBPJPY and CADJPY.
Author:  fx800 [ Mon May 06, 2013 6:03 pm ]
Post subject:  Re: Supply Demand EA
EURUSD H4 UT OS - A LONG TRADE.

I am not using CSS for entry.
Author:  fx800 [ Mon May 06, 2013 8:09 pm ]
Post subject:  Re: Supply Demand EA
deleted
Author:  fx800 [ Mon May 06, 2013 8:10 pm ]
Post subject:  Re: Supply Demand EA
fx8000 wrote:
fx8000 wrote:AUDJPY H4 UT, made a false break of the daily pivot, forming a pin bar. Stochs OS.

Anyone trading pin bar would place a pending order 5 to 10 pips above the nose of the pin bar. It is the wrong time of the day to take a trade, otherwise, the pin is very tradable.
I have taken the trade just for illustration. We will see what happens.
A reverse pin bar has formed on the SPX500 H4 chart, so AUDJPY closed with a small profit. If SPX500 falls, the AJ will follow.
Author:  fx800 [ Mon May 06, 2013 8:42 pm ]
Post subject:  Re: Supply Demand EA
fx8000 wrote:EURUSD H4 UT OS - A LONG TRADE.

I am not using CSS for entry.

EU closed with a small loss.
Author:  fx800 [ Tue May 07, 2013 6:35 am ]
Post subject:  Re: Supply Demand EA
Pending buys for GJ and EU ON H4.

RBA followed other central banks by cutting interest rates. So Aussie falling.

More cheap money, should be good foe the stock market.

LFXJPY falling, so risky to buy GJ.
Author:  fx800 [ Tue May 07, 2013 7:41 am ]
Post subject:  Re: Supply Demand EA
The yen will continue to weaken due to fundamentals. So, I am looking to build a yen basket slowly each time there is a retracement.
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