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C-12's Supply, Demand and PA thread

  • #5,741
  • Nov 24, 2017 12:57pm Nov 24, 2017 12:57pm
Quoting Merka
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
Sometimes you can catch a good RR. I often think I should make better advantage of this by using a % risk SL trade manager.

Unfortunately I tried and can't make it work. I do better with a fixed small position size that gives a bit of flexibility on a trade.

For example, I was willing to give EU room to drop slightly under 1.17 on the first entry. The 2nd was a much a easier entry as it had fresh PA to tuck a stop behind.

As for EU, yes we're in a weekly zone. There's nothing on Daily / H4 to suggest selling at this moment. In fact, momentum on these timeframes has swung to the upside. Depending on PA I'm looking to buy again on pullbacks to support around 1.186 ish next week.
  • #5,742
  • Nov 24, 2017 1:00pm Nov 24, 2017 1:00pm
Daily chart as a reference. If that support line gets taken out with a solid daily bear engulfing then of course all bets are off..
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  • #5,743
  • Nov 24, 2017 1:08pm Nov 24, 2017 1:08pm
Also the DX is down-trending, support levels are being taken out and retested.

The yellow box is interesting as a bounce level and something to watch.
Attached Image (click to enlarge)
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  • #5,744
  • Nov 24, 2017 1:20pm Nov 24, 2017 1:20pm
Quoting C-12
{quote} Sometimes you can catch a good RR. I often think I should make better advantage of this by using a % risk SL trade manager. Unfortunately I tried and can't make it work. I do better with a fixed small position size that gives a bit of flexibility on a trade. For example, I was willing to give EU room to drop slightly under 1.17 on the first entry. The 2nd was a much a easier entry as it had fresh PA to tuck a stop behind. As for EU, yes we're in a weekly zone. There's nothing on Daily / H4 to suggest selling at this moment. In fact, momentum...
When you have time, could you please upload your chart setup for EURUSD possible long?
I partially understood your thinking but didn't get the 1.186.
I agree to go long but we need fresh DZ at W or D or 4H for that.
I will upload my setup as well.
Thanks
  • #5,745
  • Nov 24, 2017 1:21pm Nov 24, 2017 1:21pm
Quoting C-12
Also the DX is down-trending, support levels are being taken out and retested. The yellow box is interesting as a bounce level and something to watch. {image}
Hi
can you sen this indicator and your setting
Thanks
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  • #5,746
  • Nov 24, 2017 1:21pm Nov 24, 2017 1:21pm
You put while I was writing
Thanks
  • #5,747
  • Nov 24, 2017 1:23pm Nov 24, 2017 1:23pm
Quoting ahhamidz
{quote} Hi can you sen this indicator and your setting Thanks {image}
Page 1 - Chaos Semafor, settings in template.

  • #5,748
  • Nov 24, 2017 1:26pm Nov 24, 2017 1:26pm
Quoting C-12
{quote} Page 1 - Chaos Semafor, settings in template.
How do you use it? What is the benefit for your trading?
Is it some sort of swing indicator?
  • #5,749
  • Edited 1:52pm Nov 24, 2017 1:34pm | Edited 1:52pm
Quoting Merka
{quote} How do you use it? What is the benefit for your trading? Is it some sort of swing indicator?
It's a 1 - 2 - 3 level indicator of swing points based on the zigzag indicator. I'm not interested in levels 1 or 2 so removed them.

It's not a trade decision maker since it repaints, but I sure miss it when it's not attached to the chart.

If you look at EU H4 you can see we've printed 2 significant up waves and a down wave. We haven't yet done so on daily. That's really all it provides.
  • #5,750
  • Nov 24, 2017 1:35pm Nov 24, 2017 1:35pm
Quoting C-12
{quote} Page 1 - Chaos Semafor, settings in template.
Hi
Not here sir
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  • #5,751
  • Nov 24, 2017 1:38pm Nov 24, 2017 1:38pm
Quoting ahhamidz
{quote} Hi Not here sir {image}
Try it now. Re-attached the file.
  • #5,752
  • Nov 24, 2017 1:58pm Nov 24, 2017 1:58pm
Quoting C-12
{quote} Try it now. Re-attached the file.
  • #5,753
  • Nov 24, 2017 2:13pm Nov 24, 2017 2:13pm
Quoting C-12
{quote} Try it now. Re-attached the file.
Hi
The last questions
for order .
1- You control which time frame time. So, what time frame do you start from?
Which one is also?
2 - The smallest and largest time frame. Which you control ?
Thanks
  • #5,754
  • Edited 3:14pm Nov 24, 2017 2:39pm | Edited 3:14pm
First I'll analyse weekly, switch to daily, then H4 and stick on this timeframe.

Once I've decided where and how I'd like to enter, either on H4, H1 or M30 look for some entry PA.

Sometimes H4 is the best time frame of entry. I think it's safest to wait for H4 to engulf in line with your chosen HTF direction before entering.

If you're counter trend trading then you probably want to enter as close to the source as possible (then even M5 can be useful)
  • #5,755
  • Nov 24, 2017 2:43pm Nov 24, 2017 2:43pm
Quoting C-12
First I'll analyse weekly, switch to daily, then H4 and stick on this timeframe. Once I've decided where and how to enter on H4 then look at H1 or M30 for some entry PA. Sometimes H4 is the best time frame of entry. I think it's safest to wait for H4 to engulf in line with your chosen direction before entering.
  • #5,756
  • Nov 24, 2017 11:00pm Nov 24, 2017 11:00pm
Quoting C-12
{quote} Try it now. Re-attached the file.
C-12, thank you so much!
  • #5,757
  • Nov 26, 2017 9:21pm Nov 26, 2017 9:21pm
Quoting ahhamidz
{quote} Hi Not here sir {image}
That's exactly what I wanted to know.
thanks a lot!
  • #5,758
  • Nov 27, 2017 12:20pm Nov 27, 2017 12:20pm
Traded NU long and EU short earlier ... so this level and PA was a real no brainer.
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  • #5,759
  • Nov 27, 2017 12:46pm Nov 27, 2017 12:46pm
Quoting C-12
Also the DX is down-trending, support levels are being taken out and retested. The yellow box is interesting as a bounce level and something to watch. {image}
This is why it's good to have the DX on display if trading EU.
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  • #5,760
  • Nov 27, 2017 1:40pm Nov 27, 2017 1:40pm
Hi C-12
Is this correct ?
Thanks
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