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C-12's Supply, Demand and PA thread

  • #5,721
  • Nov 20, 2017 9:58pm Nov 20, 2017 9:58pm
Quoting C-12
Similar on Aussie but the zone was a lot tighter. If you get a H4 level with a M15 sized risk you get some serious RR multiples. {image}
Great Trading as always ..... those are demo account or live C ?
Don't Predict Just React..
  • #5,722
  • Nov 21, 2017 2:11am Nov 21, 2017 2:11am
Quoting Nbr42
{quote} Great Trading as always ..... those are demo account or live C ?
Nah, these ones are all demo.

My live scalping account is firmly on ice. It's just not feasible to day trade EU any longer around a hectic full time job.

I'm moving into more swing type of trades with weekly, Daily and H4 (pull backs to zones, trend entries, major reversals etc).

As soon as we start hitting some major weekly / daily reversal zones across a number of pairs I'll fire up the live account again.
  • #5,723
  • Nov 22, 2017 2:26pm Nov 22, 2017 2:26pm
A pretty good setup on DX which lined up nicely with the reverse on EU.
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  • #5,724
  • Nov 22, 2017 2:29pm Nov 22, 2017 2:29pm
The EU setup was best seen on D1 with H4 as the engulfing PA.

I notice others spotted this as well and were waiting for this pullback.
Attached Image (click to enlarge)
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  • #5,725
  • Nov 22, 2017 3:14pm Nov 22, 2017 3:14pm
Quoting C-12
{quote} Nah, these ones are all demo. My live scalping account is firmly on ice. It's just not feasible to day trade EU any longer around a hectic full time job. I'm moving into more swing type of trades with weekly, Daily and H4 (pull backs to zones, trend entries, major reversals etc). As soon as we start hitting some major weekly / daily reversal zones across a number of pairs I'll fire up the live account again.
Hi,

I hope you don't mind me asking this.

Why do you have a hectic full time job when you can trade so well?

Most people reading in are inspired by your example and your trading record, and are hoping to so the opposite,
which is give up their full time job

Perhaps you have a job you love, or there are other reasons?
Thanks
  • #5,726
  • Edited 3:49pm Nov 22, 2017 3:30pm | Edited 3:49pm
Quoting 4Xfactor
{quote} Hi, I hope you don't mind me asking this. Why do you have a hectic full time job when you can trade so well? Most people reading in are inspired by your example and your trading record, and are hoping to so the opposite, which is give up their full time job Perhaps you have a job you love, or there are other reasons? Thanks
I've written numerous detailed posts on this topic. I've got a decent well paid job and trading fulltime is friggin hard, lonely and stressful as hell (if you're doing intraday especially). Heck, I quit my job in 2013 and had 6 months to experience it. It's all documented in this thread.

Trading live fulltime is a whole different kettle of fish to trading demo - which is a basically turkey shoot but is absolutely necessary.

Hopefully I've been honest throughout this thread about what's going on. It's a journal, it's a hobby and something to share some trading ideas. If some people learn some things then great. I've got some long term goals on what I'm aiming to do with this eventually but I'm in for the long haul.

I'm not here to sell anyone a dream of sitting on a 500 million dollar yacht trading off a laptop if that's what you mean?

You've been on this thread for years, yet I've never seen a single chart, input, analysis or anything, what's this about? Why are you even on here after so many years questioning others? Surely you've seen enough evidence that certain methods work (and it's managing the psychology of trading live under pressure that is 95% the key)

Start up a thread, make a positive contribution and I'll happily post some charts and ideas on it.. Or do it here.
  • #5,727
  • Edited 4:19pm Nov 22, 2017 3:59pm | Edited 4:19pm
The truth is, any crappy method can work if you can execute it live with rock solid discipline.

That means taking the quality setups, not shuffling around stops, not taking 5 pips profits on what should be a 100 pip winning trade. Not trading directly into news events, taking on too many positions or adding to losing positions etc. It's about being able to take a loss and not have it impact your next trade in any way.

All of this stuff is a personal battle to develop that kind of robotic emotionless mindset when you've got bills to pay and only a small number of people ever get there. Some people may never make it but it's there for the taking if you can ever become that person.

This thread is about method, about reading the markets with SD and PA. It's about being able to trade discretionary with very few indicators. It's learning and refining on a daily basis. The rest is down the individual.

The best approach is not to question others but see if you can learn something from what they write or not.

Put things to practice and be responsible for your personal development as a trader. I still read loads of other threads and pick up ideas here and there. It might be a trade management style or a bit of platform tech. It's an ongoing learning process.
  • #5,728
  • Nov 22, 2017 4:23pm Nov 22, 2017 4:23pm
Quoting C-12
{quote} You've been on this thread for years, yet I've never seen a single chart, input, analysis or anything, what's this about? Why are you even on here after so many years questioning others? Surely you've seen enough evidence that certain methods work (and it's managing the psychology of trading live under pressure that is 95% the key) Start up a thread, make a positive contribution and I'll happily post some charts and ideas on it.. Or do it here.
Has it been years?

I am here because I have always admired your methods and your contributions.
It was not my intention to insult you or in any way undermine this thread.
Thank you for the clarification.
  • #5,729
  • Edited 5:39pm Nov 22, 2017 4:35pm | Edited 5:39pm
Quoting 4Xfactor
{quote} Has it been years? :-) I am here because I have always admired your methods and your contributions. It was not my intention to insult you or in any way undermine this thread. Thank you for the clarification.
I wasn't meant to have a go or anything but ended up as a general vent.

Yeah I think you were one of the first posters on here back in 2012.

I see a lot of people on Davit's thread for example questioning his results. I've no idea if he's even trading with live cash or not but it's hard to argue that he's influenced people in a positive way so it's all good.

One the flip side, I've stuck his pivots on my charts and can see with my own eyes they are not the reason for price movement (unless you pick the cross chart that price happened to show a reversal with nearby pivot). With any price reversal there's 99% an SD zone involved on some time frame.

Do pivots offer people an edge? Sure, weekly fib pivots can give some medium term indication of exhaustion (since they are basically acting like ATR levels based on the previous weekly candle) and people can make that work. The TDI indicator helps newer traders if they're not familiar with price action. It's definitely of the best 'systems' I've seen on here for people to pick up and run with.
  • #5,730
  • Nov 22, 2017 4:40pm Nov 22, 2017 4:40pm
Quoting C-12
The EU setup was best seen on D1 with H4 as the engulfing PA. I notice others spotted this as well and were waiting for this pullback. {image}
It is a good example to ask a question: is for you a counter trend entry, since the daily left the supply zone in its last touch, or with trend, because you guess it wasn't a fresh supply anymore?
  • #5,731
  • Nov 22, 2017 4:50pm Nov 22, 2017 4:50pm
Quoting sanmiguell
{quote} It is a good example to ask a question: is for you a counter trend entry, since the daily left the supply zone in its last touch, or with trend, because you guess it wasn't a fresh supply anymore?
It depends on your time frame of reference. If looking at W1 and D1 the entry is with the longer term up trend in my eyes.

It's one to hold, but we're back into H4 supply / M30 (almost) supply right now so it makes sense to take some off here and see what happens as a reaction is expected.

Also currently long AU and Kiwi (kiwi was off weekly demand) so these are both interesting on the swing side.
  • #5,732
  • Nov 23, 2017 1:03am Nov 23, 2017 1:03am
Here's one on UCHF, would have liked 2 positions on this ideally.

Pretty basic stuff but the H4 zone overshot a bit.
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  • #5,733
  • Edited 4:16pm Nov 23, 2017 10:22am | Edited 4:16pm
Quoting C-12
{quote} I wasn't meant to have a go or anything but ended up as a general vent. Yeah I think you were one of the first posters on here back in 2012. I see a lot of people on Davit's thread for example questioning his results.
Yes I was ... but I dropped out for a long time. Been back a short while. As I say, it was not my intention to question your results, just curious :-) I know how hard it can be and you have confirmed for me the reality.

Best wishes.
  • #5,734
  • Nov 23, 2017 2:06pm Nov 23, 2017 2:06pm
Yeah, it's definitely possible though, just need to nail the psychology side as early as possible. It's much easier to start off disciplined than try and find it years down the line.

Anyway. Here's the kiwi chart. Took the inital entry out and the lower one can do what it wants.. It's off a weekly demand so we should expect more.

No pivots required on this one. The spreads are a bit gash on this spread better but will do for this type of trading...
Attached Image (click to enlarge)
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  • #5,735
  • Nov 23, 2017 2:40pm Nov 23, 2017 2:40pm
NU weekly. take out the yellow box and it's good sign for a decent move.

Looking at this chart I can see it's possible that weekly demand can get revisited. Would not recommend buying right here..
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  • #5,736
  • Nov 23, 2017 5:03pm Nov 23, 2017 5:03pm
Hello C-12

Just discovered you thread and I'm S&D trader as well.
I have some questions for you.
1) on post #1 you shared supdem indicator. To draw your S&D zones are you using that indicator or drawing the zones manually?
2) I learned S&D using 3 time frames. Curve TF, intermediate TF and entry TF. Seem you are using just 2 TF and not 3. What is the reason behind that?

Thanks
  • #5,737
  • Edited 12:13pm Nov 24, 2017 6:57am | Edited 12:13pm
Quoting Merka
Hello C-12 Just discovered you thread and I'm S&D trader as well. I have some questions for you. 1) on post #1 you shared supdem indicator. To draw your S&D zones are you using that indicator or drawing the zones manually? 2) I learned S&D using 3 time frames. Curve TF, intermediate TF and entry TF. Seem you are using just 2 TF and not 3. What is the reason behind that? Thanks
Hey

I use the supdem indicator but did all my learning drawing the levels manually.

I do use 3 timeframes currently (Daily/H4/M30). Weekly only needs checking occasionally. There's really no exact timeframe rules as all the timeframes offer value depending on your preferred style of trading. H4 and M30 can be used as a combo as long as you've checked daily.

M5 only really offers any value if you're scalping on an intraday basis and there's low volume.
  • #5,738
  • Nov 24, 2017 11:51am Nov 24, 2017 11:51am
Out of EU, closed a partially filled gap and back in weekly supply. No need to hold over a weekend.
Attached Image (click to enlarge)
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  • #5,739
  • Nov 24, 2017 12:37pm Nov 24, 2017 12:37pm
Got a bit out of UCAD, not particularly exciting trades but good for a few... Should have held one.
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  • #5,740
  • Nov 24, 2017 12:43pm Nov 24, 2017 12:43pm
Thanks for your response.
I see you have very large risk/Reward ratio.
For example on that EURUSD the risk/reward ratio looks like 1:15. Very good on you.
Do you always hold for huge rewards?
My minimum target is 1:2. If I can grap more all is welcome but it's rare.

About EURUSD:
I'm currently loosing because I sold at the previous WSZ that got broken now.
What are your thoughts on EU shorting at this WSZ?
Thanks
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