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C-12's Supply, Demand and PA thread

  • #6,321
  • Jul 17, 2018 10:10pm Jul 17, 2018 10:10pm
Quoting jack411
{quote} Hey C, if you have time later I'd love to see your analysis and thoughts on YM (mini Dow)...
Will have to pull up the charts after work as I'm off to work early.

Quick thoughts are that everyone has recently piled into stocks thinking we've got a nailed on breakout to the upside.

The DOW should be leading this move and it's actually lagging the other indices. There's a whopping great D1 supply above 26000.
  • #6,322
  • Jul 18, 2018 12:30am Jul 18, 2018 12:30am
Quoting MCFly
Hi, attached you can find a few ss from the master (hmmm, I sound like a fanboi ) which give a little insight in correlation trading. {image} {image} {image} {image} {image} {image} {image} {image} {image} {image}
Who is the master that you are referring to?
  • #6,323
  • Jul 18, 2018 3:15am Jul 18, 2018 3:15am
https://www.forexfactory.com/showthread.php?t=288142
  • #6,324
  • Jul 18, 2018 4:02am Jul 18, 2018 4:02am
Quoting C-12
{quote} Will have to pull up the charts after work as I'm off to work early. Quick thoughts are that everyone has recently piled into stocks thinking we've got a nailed on breakout to the upside. The DOW should be leading this move and it's actually lagging the other indices. There's a whopping great D1 supply above 26000.
Hi guys,

I haven't ever posted here, but use a very very similar strategy C-12, except that I use some additional RTM concepts sometime. Like you C-12, I trade M30/H1 with H4/D1/Weekly confluence. If you'd like we could create a chatroom for active traders of this method... It just sucks trading all alone. The chatroom isn't meant to be a signals chat. I really hate signals. It is just to exchange our views, which with high likelihood will be very similar

By the way C-12, I am a student, so I am also not infront of the charts 24/7
  • #6,325
  • Jul 18, 2018 12:25pm Jul 18, 2018 12:25pm
Quoting C-12
{quote} Will have to pull up the charts after work as I'm off to work early. Quick thoughts are that everyone has recently piled into stocks thinking we've got a nailed on breakout to the upside. The DOW should be leading this move and it's actually lagging the other indices. There's a whopping great D1 supply above 26000.

That's exactly where I see us going! I think we'll take out the tops of these previous peaks, then when we hit that 26000 area. Of course we'll have to wait and see.
The rest of this week will be important as well. We're approaching the downtrend line on the daily.

I've noticed that the DOW is lagging the others as well, but I've never studied the correlation of the indices before, so I'm not sure how common or uncommon this scenario is.
  • #6,326
  • Jul 22, 2018 11:35am Jul 22, 2018 11:35am
Quoting Trader2233
{quote} Hi guys, I haven't ever posted here, but use a very very similar strategy C-12, except that I use some additional RTM concepts sometime. Like you C-12, I trade M30/H1 with H4/D1/Weekly confluence. If you'd like we could create a chatroom for active traders of this method... It just sucks trading all alone. The chatroom isn't meant to be a signals chat. I really hate signals. It is just to exchange our views, which with high likelihood will be very similar By the way C-12, I am a student, so I am also not infront...
I've thought about this myself, for the exact same reasons. I have had less time to trade lately because of work, but would still be able to pop in from time to time. I Prefer daytrading though. I look at the 4hr/1hr charts for direction, but like to trade all the way down to the 1 minute charts. I'm in and out of trades often. I actually have been looking into the best ways for me to stay in trades longer, or to pyramid up and scale into positions instead of closing them out and getting back in.
  • #6,327
  • Jul 24, 2018 1:01pm Jul 24, 2018 1:01pm
Some buy entries on GU, anyone see the reason for buys? I think this looks nice for a bit of a bull run, maybe 1.33.

Got similar on EU running but didn't get any follow through yet although would have nailed some TP's if at the screens.
Attached Image (click to enlarge)
Click to Enlarge Name: GU.PNG Size: 47 KB
  • #6,328
  • Jul 25, 2018 6:40am Jul 25, 2018 6:40am
Quoting C-12
Some buy entries on GU, anyone see the reason for buys? I think this looks nice for a bit of a bull run, maybe 1.33. Got similar on EU running but didn't get any follow through yet although would have nailed some TP's if at the screens. {image}
The engulfing bull bar on the chart is obvious, but was there a zone on a higher time frame there, or was the just the engulfing bar itself that made you decide to pull the trigger?
  • #6,329
  • Jul 25, 2018 8:22am Jul 25, 2018 8:22am
Quoting jack411
{quote} The engulfing bull bar on the chart is obvious, but was there a zone on a higher time frame there, or was the just the engulfing bar itself that made you decide to pull the trigger?
It was a retest of the daily demand which was established with a big bull engulfing. You can see it better with NY close Charts. Additionally there was some previous PA there and price left with momentum.
  • #6,330
  • Jul 25, 2018 10:10am Jul 25, 2018 10:10am
Quoting MCFly
{quote} It was a retest of the daily demand which was established with a big bull engulfing. You can see it better with NY close Charts. Additionally there was some previous PA there and price left with momentum.
Yep. That was it.
  • #6,331
  • Jul 25, 2018 1:08pm Jul 25, 2018 1:08pm
Like two peas in a pod. EU was a late bloomer and left me with PE (premature evacuation).
Attached Image (click to enlarge)
Click to Enlarge Name: EUGU.PNG Size: 93 KB
  • #6,332
  • Aug 6, 2018 12:01pm Aug 6, 2018 12:01pm
where r u now a days ? c -12 why are u not updating ?
  • #6,333
  • Aug 6, 2018 11:52pm Aug 6, 2018 11:52pm
Quoting blackforex1
where r u now a days ? c -12 why are u not updating ?
Still around, not much to update this week as price hasn't even warmed up.

Loaded a stack of longs on EU on the Frankie open and hoping we can get something of a move higher.

Current EU H4 chart.

Also M30 chart with PA entries.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU.PNG Size: 63 KB
Click to Enlarge Name: EUM30.PNG Size: 42 KB
  • #6,334
  • Aug 8, 2018 10:24am Aug 8, 2018 10:24am
Quoting C-12
{quote} Still around, not much to update this week as price hasn't even warmed up. Loaded a stack of longs on EU on the Frankie open and hoping we can get something of a move higher. Current EU H4 chart. Also M30 chart with PA entries. {image} {image}

Where are you looking to get out on this one C? Are you waiting until we hit a 4hr supply zone or do you have criteria to bail earlier?
  • #6,335
  • Edited 10:55am Aug 8, 2018 10:33am | Edited 10:55am
Quoting jack411
{quote} Where are you looking to get out on this one C? Are you waiting until we hit a 4hr supply zone or do you have criteria to bail earlier?
I'm all out of those longs. Some premature exits but caught a chunk of that recent upswing. Image attached from this morning but sells got hit for BE.

I don't tend to hold these EU trades more than a day.

Running trades on EU is not very productive, mainly since it rarely trends and works better for scalping / day trading.
Attached Image (click to enlarge)
Click to Enlarge Name: EU.PNG Size: 48 KB
  • #6,336
  • Aug 9, 2018 2:41am Aug 9, 2018 2:41am
Quoting C-12
{quote} I'm all out of those longs. Some premature exits but caught a chunk of that recent upswing. Image attached from this morning but sells got hit for BE. I don't tend to hold these EU trades more than a day. Running trades on EU is not very productive, mainly since it rarely trends and works better for scalping / day trading. {image}
Hi,

Can you share this great template?
  • #6,337
  • Aug 11, 2018 3:55am Aug 11, 2018 3:55am
Quoting C-12
Also UCHF. Daily PA on this one first, then H4 pullback and engulf. {image}
Hi C-12,
It's always enjoyable to read your posts here and Ata's thread.

I have read all of Kennth's post several times(more than 5 maybe).Also Balhana, more then 5 quick sure

Downloaded all the posts here. I noticed(if i was right) you changed from Sam Seiden's M30/M1 touch trade(dated 2011), to Sniper mode using lowTF and trade both side, to current H4/M30 style, I want to start my journey from https://www.forexfactory.com/showthread.php?p=9112563#post9112563 because it is similar to current style, another reason it's the No.2001 in this thread.

Am I in the right track?

Thank for those Dunk trades and charts

LTZ
Be a spectator, not a player
  • #6,338
  • Aug 12, 2018 12:58am Aug 12, 2018 12:58am
Quoting wiserltz
{quote} Hi C-12, It's always enjoyable to read your posts here and Ata's thread. I have read all of Kennth's post several times(more than 5 maybe).Also Balhana, more then 5 quick sure Downloaded all the posts here. I noticed(if i was right) you changed from Sam Seiden's M30/M1 touch trade(dated 2011), to Sniper mode using lowTF and trade both side, to current H4/M30 style, I want to start my journey from https://www.forexfactory.com/showthr...63#post9112563 because it is similar to current style, another reason...
Hey

I guess my style evolved over the years. I loved the D1/H4 style (trading 16-20 pairs). The pip count was insane, but I struggled at managing all these trades over a long stretch (around 1-3 months) and the account would always suffer a major blow at some point, even on a demo!

I prefer just one or two pairs. I don't need to keep an eye loads of things, can focus on less news risk and no overnight or weekend holding. No need to be sat at the screen or constantly checking MT4 on the phone.

My advice is to develop your own style and keep refining it to suit your personality. Then just rinse and repeat until it becomes natural. Don't forget to journal everything at the end of the day (screenshots of charts, errors, notes etc).
  • #6,339
  • Aug 12, 2018 2:35am Aug 12, 2018 2:35am
I think trading is like driving a car, at first we have too many things to watch, then we learn to ignore something and focus on the important ones, and finally know what will happen and patience waiting.........

Attached is a Brent crude oil old chart, now I can see big bear is coming, skills is improving...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 139 KB
Be a spectator, not a player
  • #6,340
  • Aug 15, 2018 4:22am Aug 15, 2018 4:22am
Hi,
Pin bar around supply area, Nice entry SELL Gold M30 ...

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM30.png Size: 29 KB
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