First part off @ 1R, rest running.
C-12's Supply, Demand and PA thread
- #5,582
- Oct 26, 2017 9:25am Oct 26, 2017 9:25am
- Joined May 2012 | Status: ... | 1,925 Posts
Stopped on second portion.
On intraday basis I've been taking these trades based on observing some movement @ H4 then drilling down to M5/15 (on a separate screen) to see if the criteria sets up to trade. Criteria is basic pole + flag stuff. If using supdem indie oftentimes the zone will not print at the time of entry. Unfortunately this is the price we pay, literally, for attempting to trade at the swing point with direction.
The first portion of these trades usually nets somewhere between 10 and 30 pips if they work out. The second portion, if it runs, can be open ended but I always place a T/P way down the chart - the most extended point where structure says, close the trade. If price moves nicely then it's possible to expand the stop behind new structure thus locking profit in.
Although it's not for everyone, I've found this way of trading suits my personality. I am literally a day-trader and want to close out all trades at 5PM. I'm not keen on taking H4 based trades alone but this is more due to IC Markets server time than anything else. Essentially they bowed to pressure from traders to change their server times to GMT +2 in order to address the dodgy looking Sunday candle. However, it seems that in the process this kiboshed H4 structure, which is out of sync with London as a consequence and doesn't look correct to my eyes. Being based in London it makes sense to move accounts to a London based company at some point.
Another aspect of my trading that I want to deal with is the real-estate. I wasn't aware of the potential for a 4K monitor but having picked up on C-12's comment this week have taken a first look. If 4 x charts can be comfortably accommodated on 1 x large monitor then this would be a perfect solution.
On intraday basis I've been taking these trades based on observing some movement @ H4 then drilling down to M5/15 (on a separate screen) to see if the criteria sets up to trade. Criteria is basic pole + flag stuff. If using supdem indie oftentimes the zone will not print at the time of entry. Unfortunately this is the price we pay, literally, for attempting to trade at the swing point with direction.
The first portion of these trades usually nets somewhere between 10 and 30 pips if they work out. The second portion, if it runs, can be open ended but I always place a T/P way down the chart - the most extended point where structure says, close the trade. If price moves nicely then it's possible to expand the stop behind new structure thus locking profit in.
Although it's not for everyone, I've found this way of trading suits my personality. I am literally a day-trader and want to close out all trades at 5PM. I'm not keen on taking H4 based trades alone but this is more due to IC Markets server time than anything else. Essentially they bowed to pressure from traders to change their server times to GMT +2 in order to address the dodgy looking Sunday candle. However, it seems that in the process this kiboshed H4 structure, which is out of sync with London as a consequence and doesn't look correct to my eyes. Being based in London it makes sense to move accounts to a London based company at some point.
Another aspect of my trading that I want to deal with is the real-estate. I wasn't aware of the potential for a 4K monitor but having picked up on C-12's comment this week have taken a first look. If 4 x charts can be comfortably accommodated on 1 x large monitor then this would be a perfect solution.
- #5,583
- Edited 10:09am Oct 26, 2017 9:44am | Edited 10:09am
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
- #5,584
- Edited 10:09am Oct 26, 2017 9:54am | Edited 10:09am
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
This is how a layout might look on a 4k screen.. Or you could just load up the entire display with smaller charts and blow them up individually with Clickmax.
This was just a demo account i fired up yesterday and just seeing what the potential is with it.
You can have the USDX in the top right and some kind of dashboard on the left. Then you have some serious real estate down below to stretch out the terminal.
You can set a couple of hotkeys to rapid cycle through the pairs.
Pretty exciting stuff.
My only concern is how text might scale (for web browsing on it) but will take the risk.
This was just a demo account i fired up yesterday and just seeing what the potential is with it.
You can have the USDX in the top right and some kind of dashboard on the left. Then you have some serious real estate down below to stretch out the terminal.
You can set a couple of hotkeys to rapid cycle through the pairs.
Pretty exciting stuff.
My only concern is how text might scale (for web browsing on it) but will take the risk.
- #5,588
- Edited 12:26pm Oct 26, 2017 11:59am | Edited 12:26pm
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
- #5,589
- Oct 26, 2017 12:05pm Oct 26, 2017 12:05pm
- Joined May 2012 | Status: ... | 1,925 Posts
{quote} I think a reasonably modern PC will run it fine but you will need a display port card or HDMI 2.0 to get the full resolution. The card I've looked at is this one below. Although technically a gaming card, it's low profile, low power consumption, 4gb on board and has all the ports needed. It can even run an 8k monitor @ 60hz when they become available. It can also run another 3 monitors if there's ever a requirement. https://www.amazon.co.uk/Gigabyte-Ge.../dp/B01N33SOXU
- #5,593
- Edited 10:02am Oct 27, 2017 9:03am | Edited 10:02am
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
- #5,595
- Edited 10:06am Oct 27, 2017 9:51am | Edited 10:06am
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
{quote} Great Trading Sir!Me Sliding .
{image} {image} {image} {image}
Some tentative signs kiwi might get a bit of a bounce by looking at the crosses... Looks damn ugly on the very high timeframes though.
Best closer of the week was DAX
There was an absolute cracker on Nasdaq on H1 but just didn't pull the trigger as I though it was too late by the time I saw it (at the red arrow)
- #5,597
- Edited 10:29am Oct 27, 2017 10:17am | Edited 10:29am
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
Sure! Lets see what happens in the next week. That was really nice Buying opportunity.{image}
I needed something to tuck a stop behind and we damn sure got it....
With trades like that you can really up your position size (a full 1-3% account entry) rather than the usual smaller fixed floating position. These don't show up that often but with such a great RR, you want to go all in.
- #5,598
- Edited 11:57am Oct 27, 2017 11:46am | Edited 11:57am
We finally closed in on a 240min (and 60min) demand zone on Euro today.
*what do you guys think of that zone? It was good for an initial hard bounce of about 50pips. Price is back down into it again now.
*what do you guys think of that zone? It was good for an initial hard bounce of about 50pips. Price is back down into it again now.