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C-12's Supply, Demand and PA thread

  • #5,401
  • Oct 10, 2017 6:20am Oct 10, 2017 6:20am
swing long on GOLD.....will be holding this for a while
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cut your losses short and let your profit run
  • #5,402
  • Oct 10, 2017 11:37am Oct 10, 2017 11:37am
Quoting bleeze
swing long on GOLD.....will be holding this for a while {image}
Yep, that looks like a nice potential runner there. I should get back into the swing business if I can fix my discipline.

I start off with good intentions on Daily/H4 and then end up scalping M5 across 20+ pairs...

As for EU scalps, just these ones from earlier a piece left on.
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  • #5,403
  • Oct 10, 2017 11:55am Oct 10, 2017 11:55am
Hi C-12 and traders, reading here is a great way to learn form me...at least one of the best!

C-12 i hope you don't mind if you can clarify me those trades you took.

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after some minutes....
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Thank you very much my friend! You're all doing a great job!
One day i hope to be part of the winners side of this thread
  • #5,404
  • Oct 10, 2017 12:02pm Oct 10, 2017 12:02pm
Quoting sanmiguell
Hi C-12 and traders, reading here is a great way to learn form me...at least one of the best! C-12 i hope you don't mind if you can clarify me those trades you took. {image} {image} after some minutes.... {image} Thank you very much my friend! You're all doing a great job! One day i hope to be part of the winners side of this thread
Cheers, that was a great day to trade. I had a day off work so I could fully focus attention on intensive scalping.

The first chart sells were very easy as we had supply on all lower timeframes (H1/M30/M15/M5). This was a slam dunk setup and I rarely take direct zone trades without PA. I used 2 x limit orders to catch this zone. 3rd entry was based on PA confirmation.

The buys at the bottom as price entered H4 demand were speculative and I just wanted to bank some pips and were counter trend buys. We had a small M5 demand and retest not visible on M15.

As soon as M15 engulfed south it was a good time to sell and evidence price was going lower.. Basically my confirmation PA was rolling over to the downside with engulfing PA... Stops were behind engulfing.
  • #5,405
  • Oct 10, 2017 1:12pm Oct 10, 2017 1:12pm
Some more heavy scalps. Didn't expect the spike up but could see what was going on so took a bit of initial heat.

DX in H4 demand here.
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  • #5,406
  • Oct 10, 2017 3:06pm Oct 10, 2017 3:06pm
Quoting C-12
Some more heavy scalps. Didn't expect the spike up but could see what was going on so took a bit of initial heat. DX in H4 demand here. {image}
You do a great job with letting those scalps run off the 5 min chart. What time frame do you use for your targets? Are you just looking for the next supply level on a higher time frame or is it PA based?
  • #5,407
  • Edited 3:27pm Oct 10, 2017 3:16pm | Edited 3:27pm
Quoting jack411
{quote} You do a great job with letting those scalps run off the 5 min chart. What time frame do you use for your targets? Are you just looking for the next supply level on a higher time frame or is it PA based?
I've not always got an initial target. These were taken on the M5 bull engulf in line with the short term trend and then just watching as things develop and look at H4 /H1 and DX for any signs of it coming to an end.

If you're getting more than 2:1 or 3:1 on the exits then it's a good scalp.

I have this DX chart in the top left monitor so I can see the opposite action.

I find buying and holding trades trickier than selling for some reason. I have this annoying habit of trying to pick tops rather than holding them. DX helps a lot.
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  • #5,408
  • Oct 10, 2017 3:30pm Oct 10, 2017 3:30pm
H1 was the main driver. If you look at the bull PA earlier in the session and a pullback to base. Just needed an M5 engulfing to get an entry and stop to tuck in.
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  • #5,409
  • Oct 10, 2017 3:30pm Oct 10, 2017 3:30pm
Quoting C-12
{quote} Cheers, that was a great day to trade. I had a day off work so I could fully focus attention on intensive scalping. The first chart sells were very easy as we had supply on all lower timeframes (H1/M30/M15/M5). This was a slam dunk setup and I rarely take direct zone trades without PA. I used 2 x limit orders to catch this zone. 3rd entry was based on PA confirmation. The buys at the bottom as price entered H4 demand were speculative and I just wanted to bank some pips and were counter trend buys. We had a small M5 demand and retest...
Thanks mate!
  • #5,410
  • Oct 10, 2017 3:44pm Oct 10, 2017 3:44pm
This might not be the most productive way to trade but there's always pips to be banked on EU every day, even if it's only a small pip count.

If you watch the same pair every day for 5+ years then you get very familiar and able to get in sync in with it.
  • #5,411
  • Oct 11, 2017 3:57am Oct 11, 2017 3:57am
Quoting C-12
H1 was the main driver. If you look at the bull PA earlier in the session and a pullback to base. Just needed an M5 engulfing to get an entry and stop to tuck in. {image}
Then, let me reassume the checklist:
1) watch Daily, H4, H1 (M30 also for scalping on M1) to get the same trend
2) watch for PA and S&D in higher TF to validate the zones and guess where the price wants to go (trend)
3) switch to lower TF (M5, M1 for scalpers) and look for trading in direction of the HTF above. Here we can buy/sell only with PA (confirmation orders), or wait for pullbacks in fresh zones just with limit orders (touch trades)
4) TP is set in the first fresh supply/demand in H1, H4, Daily (even M30).

Is it right C-12? Have i missed something?
Thanks
  • #5,412
  • Oct 11, 2017 4:05am Oct 11, 2017 4:05am
Here is what i done. In H1 the trend seems down, trying to get the fresh demand

https://charts.mql5.com/16/397/gbpjp...ckmill-ltd.png


Then i switch to M1 and after a nice PA (in my thought) i sell on retracement

https://charts.mql5.com/16/397/gbpjp...ckmill-ltd.png

My TP is in the first fresh demand i see. In this case on H1.
Don't know if i done well but the RR is 1:6
  • #5,413
  • Oct 11, 2017 11:48am Oct 11, 2017 11:48am
Quoting sanmiguell
Here is what i done. In H1 the trend seems down, trying to get the fresh demand {image} Then i switch to M1 and after a nice PA (in my thought) i sell on retracement https://charts.mql5.com/16/397/gbpjp...ckmill-ltd.png My TP is in the first fresh demand i see. In this case on H1. Don't know if i done well but the RR is 1:6
Looks a good trade good but I don't think M1 is needed.

H4 / H1 and then maybe M15 would give the clearest zones and PA... Maybe M5 for a bit of extra detail if needed.

There was a very nice nested M15 demand within that H1 zone on GJ.
  • #5,414
  • Oct 11, 2017 1:54pm Oct 11, 2017 1:54pm
Quoting C-12
{quote} Looks a good trade good but I don't think M1 is needed. H4 / H1 and then maybe M15 would give the clearest zones and PA... Maybe M5 for a bit of extra detail if needed. There was a very nice nested M15 demand within that H1 zone on GJ.
Then for you the confluence of zones in different TF is a good clue, in wich you can just do some touch trades regardless of PA?
  • #5,415
  • Oct 11, 2017 4:05pm Oct 11, 2017 4:05pm
Hi all,

Is this reason valid? Missed this one.


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  • #5,416
  • Edited 4:43pm Oct 11, 2017 4:21pm | Edited 4:43pm
Quoting Mallow
Hi all, Is this reason valid? Missed this one. {image}
Yes, that's a good layout for scalping. Having H1/H4 next to M15 as execution chart would keep you in sync with the trend and avoid taking unnecessary counter trend losses.

You can also stack H4 next to M30 full height charts which I know ken likes best.
  • #5,417
  • Edited 4:37pm Oct 11, 2017 4:25pm | Edited 4:37pm
Couple of indis to play around with.

Modchart window will buy you some extra real estate on the screen by trimming off the borders on the windows (if using multiple TF's on one screen).

Clickmax allows to you double click a chart to max and minimise it back into position to get a quick look at the full screen chart.

Hotkeys will allow you to rapid flick through the timeframes using numbers 1 - 9 on the keyboard.
Attached File(s)
File Type: mq4 ModChartWindow (1).mq4   3 KB | 402 downloads
File Type: mq4 ClickMax.mq4   4 KB | 350 downloads
File Type: mq4 hotkeys_slim.mq4   4 KB | 347 downloads
  • #5,418
  • Oct 12, 2017 3:53am Oct 12, 2017 3:53am
Quoting C-12
Couple of indis to play around with. Modchart window will buy you some extra real estate on the screen by trimming off the borders on the windows (if using multiple TF's on one screen). Clickmax allows to you double click a chart to max and minimise it back into position to get a quick look at the full screen chart. Hotkeys will allow you to rapid flick through the timeframes using numbers 1 - 9 on the keyboard. {file} {file} {file}
Amazing! These mods are superb, this is what the result is using mt4 floating charts / amazing program / i like how cleen is now without the borders thanks to Modchart Thank you for these indicators C-12
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  • #5,419
  • Oct 12, 2017 11:25am Oct 12, 2017 11:25am
GU H1 demand D1

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.... and GJ H1 Demand

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  • #5,420
  • Oct 12, 2017 12:02pm Oct 12, 2017 12:02pm
Quoting mrhb30jr
GU H1 demand D1 {image} .... and GJ H1 Demand {image}
Yep, saw that when I scanned the charts this morning, expected we might see a retest of D1 demand but didn't see it bouncing so strongly
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