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C-12's Supply, Demand and PA thread

  • #7,221
  • May 17, 2019 1:56am May 17, 2019 1:56am
Quoting jesxrussel
{quote} ok..so the bigger amount of the num, the more potential price to reverse??correct me if im wrong mate...
It is purely from a position sizing aspect.

Imagine you have a $10,000 account balance, the size of the zone (in pips) is how you can plan your lot size.

Example positioning on EURUSD using 0.5% risk:

10 PIP stop Loss / 0.5% Risk = 0.50 lot position size.
25 PIP Stop Loss / 0.5% Risk = 0.20 lot position size.

I don't use it exactly like this, but this gives you an idea how it is useful to be able to see the zone width.
  • #7,222
  • May 17, 2019 2:35am May 17, 2019 2:35am
Quoting C-12
{quote} It is purely from a position sizing aspect. Imagine you have a $10,000 account balance, the size of the zone (in pips) is how you can plan your lot size. Example positioning on EURUSD using 0.5% risk: 10 PIP stop Loss / 0.5% Risk = 0.50 lot position size. 25 PIP Stop Loss / 0.5% Risk = 0.20 lot position size. I don't use it exactly like this, but this gives you an idea how it is useful to be able to see the zone width.
ok ...tq for the explaination
Know The Presence Of The Market
  • #7,223
  • May 17, 2019 11:16am May 17, 2019 11:16am
sir why u dont use many pairs to get so many trades?
  • #7,224
  • Edited 10:35pm May 17, 2019 10:12pm | Edited 10:35pm
Quoting latnif
sir why u dont use many pairs to get so many trades?
The main reason is due to this trading style. Too many pairs are difficult to monitor, cause distractions and usually require overnight and weekend holds.

You get a lot of overnight event risk on AUD, NZD and JPY pairs that I can happily do without. I always eventually kick myself for adding these pairs into the rotation.

I would say I'm 75% trading EURUSD and 25% GBPUSD.

Also trading timeframes from H4 down to M15 so there's plenty of action.
  • #7,225
  • May 18, 2019 10:43pm May 18, 2019 10:43pm
sir why u dont have alert system ?
suppose when price retouch dem/sup and make bearish /bullish engulf , dashboard give u alert for All TF ? so in that case manual work should be minimum ?

one more question sir
imagine u enter in 10 trades of 30 m TF , how much will hit TP and how much SL and how much BE ?
  • #7,226
  • May 20, 2019 3:31am May 20, 2019 3:31am
AU
Attached Image (click to enlarge)
Click to Enlarge Name: au.png Size: 54 KB
Know The Presence Of The Market
  • #7,227
  • May 20, 2019 11:24pm May 20, 2019 11:24pm
Quoting latnif
sir why u dont have alert system ? suppose when price retouch dem/sup and make bearish /bullish engulf , dashboard give u alert for All TF ? so in that case manual work should be minimum ? one more question sir imagine u enter in 10 trades of 30 m TF , how much will hit TP and how much SL and how much BE ?
Tried it already. I can make a ton more pips with more pairs but it always eventually gets out of control, leading to a massive drawddown, more event risk exposure, more constant checking MT4 on my phone and more stress.

I have to keep a lid on my poor discipline so I keep things as simple as possible with just 2 pairs (mostly one).
  • #7,228
  • May 20, 2019 11:24pm May 20, 2019 11:24pm
Quoting jesxrussel
AU {image}
That one worked out.
  • #7,229
  • Jun 4, 2019 2:58pm Jun 4, 2019 2:58pm
i love ur strategy c-12 . but to be expert at least need 1 year hard work . need to read alot of price action methods threads and pages and need deep understanding of market structure .. need to execute minimum 1000 trades by my hand , then i should be able to earn alot of money as ur
  • #7,230
  • Jun 5, 2019 6:32am Jun 5, 2019 6:32am
Quoting oppo-trend
i love ur strategy c-12 . but to be expert at least need 1 year hard work . need to read alot of price action methods threads and pages and need deep understanding of market structure .. need to execute minimum 1000 trades by my hand , then i should be able to earn alot of money as ur
Unfortunately it will take longer than 1 year and a 1,000 trades.

Try 10,000 hours of live screen time, plus 10,000 after hours prep, journaling and studying.

You've heard of the 10,000 hour rule? You can double that for trading.
  • #7,231
  • Edited 1:02pm Jun 7, 2019 10:15am | Edited 1:02pm
In the spirit of traders helping traders, here's my most treasured MT4 platform tech I have. It's taken me months of headache, money and botched attempts from various developers to get this how I wanted it.

C12 EA to Protect Account.

Any trader can lose their cool at any moment, remove stops, increase size, add to losers and cause a fatal blow to their account.

Put this EA on your terminal (ideally installed on a VPS or another PC out of reach) and it will protect your account from disaster. Thankfully I've not had a moment of madness since 2013, but it is always in the back of my mind for when I trade full time again.

This EA can limit damage and will:

Close all trades at "X" percentage floating equity draw-down (6% default.)

Close all trades at "X" percentage daily balance loss (6% default.)


It will close all trades plus immediately close every attempt to place further trades until the following day. Additionally it can:

Only allow "X" amount of open trades at any given time per pair (5 Default.)

Allow "X" amount of total trades taken per day. (20 Default.)


Please make sure to demo it heavily in advance and let me know if there's any issues with it. So far, it appears to work flawlessly.

*** It has not executed closing trades on my live account since I've not yet hit my daily loss limit. I will report back and update if I find a problem.***

*Blank.ex4 is needed for below window display*
*EA needs loading on every symbol traded for max open trades feature to work*
Attached Image (click to enlarge)
Click to Enlarge Name: C12EA.PNG Size: 45 KB
Attached File(s)
File Type: ex4 C12_EA_To_Protect_Account.ex4   34 KB | 225 downloads
File Type: ex4 Blank.ex4   3 KB | 243 downloads
  • #7,232
  • Jun 9, 2019 12:54am Jun 9, 2019 12:54am
Can no longer edit the upper post but here's the latest version of EA above.

There was a slight error in the info display where it didn't show open running trades, now fixed.

No issues with previous version but better to use this one.
Attached File(s)
File Type: ex4 C12_EA_To_Protect_Account_1.3.ex4   34 KB | 283 downloads
  • #7,233
  • Jun 11, 2019 12:13am Jun 11, 2019 12:13am
Hi C-12,

I practice your trading style since a while and my biggest problem is I often see reason to trade in both directions. I have added a screenshot of EURUSD and I'm not sure which direction EURUSD will go. I would wait for more clearer PA but often I feel I enter too late. USDX may will close the gap (bearish) what supports a bullish EURUSD.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 50 KB
  • #7,234
  • Jun 11, 2019 1:18am Jun 11, 2019 1:18am
Quoting Fonzi
Hi C-12, I practice your trading style since a while and my biggest problem is I often see reason to trade in both directions. I have added a screenshot of EURUSD and I'm not sure which direction EURUSD will go. I would wait for more clearer PA but often I feel I enter too late. USDX may will close the gap (bearish) what supports a bullish EURUSD. {image}
Highlighted the key words in your post.

You're right, EU is now stuck just underneath a good supply level and the PA is in a meat grinder. I think it's going higher but there's no room to get a decent RR right now, plus just tapped into H4 supply (not a particularly great one). There's nothing to do for me.

It's a good idea to have a 2nd backup pair. There's been a couple of better setups on GBPUSD to keep the itching fingers at bay, but it's been a slow start to the week so far.

Caught a few buys on GU on the open earlier but no follow through yet.
  • #7,235
  • Jun 11, 2019 1:59am Jun 11, 2019 1:59am
Good that you mention GBPUSD. I see where your zone of interessted was (the retest on my ss). But again like always I see bullish and bearish reasons at the same time which leave me confused.

Bearish: Price Comes from a strong bearish 1 hr supply, daily printed a bearish enguilfing, some bearish momentum

Bullish: Stop hunt and retest, bullish PA/Momentum, a bullish flag
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30.png Size: 49 KB
  • #7,236
  • Jun 11, 2019 2:28am Jun 11, 2019 2:28am
Quoting Fonzi
Good that you mention GBPUSD. I see where your zone of interessted was (the retest on my ss). But again like always I see bullish and bearish reasons at the same time which leave me confused. Bearish: Price Comes from a strong bearish 1 hr supply, daily printed a bearish enguilfing, some bearish momentum Bullish: Stop hunt and retest, bullish PA/Momentum, a bullish flag {image}
It sounds like you might have more joy with just touch trading zones.

If you get PA follow through then you can always hold for HTF targets. If you're good at picking zones then you're going to get good RR trades, and can get quickly to break even.

There are many ways to skin a cat. I just shifted to more of a PA style of trading over time, but it's not the only way.
  • #7,237
  • Jun 11, 2019 2:29am Jun 11, 2019 2:29am
Hi C-12,

I am a very new trader wannabe who has been fascinated with the markets for a long time now. I have found a good bit of material on Sam Seidens Supply and demand and am consuming it as fast as I can. The best learning is doing though so I have been trying to put it into practise. For me I have a bad w/l ratio so my zone identification and criteria for what makes a zone are poor and I am working on this. I have attached a 10 min GBPUSD chart trying to see if I could spot your entry you talked about to see if I perhaps could understand why this entry was chosen but I cant really make out a clear buy area other than the highlighted in yellow area. I then went ahead and marked two potential demand zones shaded in green. How would you "score" these? Would you wait for a bigger move up before considering entering on a potential pullback? Thank you for the thread, I really like the zones identified before a trade happens that you post, appreciate your work!

Attached Image (click to enlarge)
Click to Enlarge Name: 11thJune2019GBPUSD.png Size: 48 KB
  • #7,238
  • Jun 11, 2019 3:34am Jun 11, 2019 3:34am
Quoting KiegaContext
Hi C-12, I am a very new trader wannabe who has been fascinated with the markets for a long time now. I have found a good bit of material on Sam Seidens Supply and demand and am consuming it as fast as I can. The best learning is doing though so I have been trying to put it into practise. For me I have a bad w/l ratio so my zone identification and criteria for what makes a zone are poor and I am working on this. I have attached a 10 min GBPUSD chart trying to see if I could spot your entry you talked about to see if I perhaps could understand why...
I'm not really trading supply demand in the (Sam Seiden) conventional way of scoring zones or using limit orders for reversals.

I look at higher timeframe zones plus PA for direction and use lower timeframe price action (with or without zones) to get into a move.

It's definitely more of an art than science. I'm watching multiple timeframes at once (H4/H1/M30 or M15) and trying to get in sync with price movement as it forms. I am also mindful of S/R and liquidity traps dotted around on the chart, especially around news time.

This morning's GBPUSD buy entires were as soon as H1 gave me a bullish engulfing candle.
  • #7,239
  • Jun 11, 2019 7:05am Jun 11, 2019 7:05am
EURUSD looks like a barbed wire on the 1 hr today ;-) GPBUSDis showing the better moves. Both will probably go higher when USDx will fill the gap.
  • #7,240
  • Jun 11, 2019 7:30am Jun 11, 2019 7:30am
Quoting Fonzi
EURUSD looks like a barbed wire on the 1 hr today ;-) GPBUSDis showing the better moves. Both will probably go higher when USDx will fill the gap.
This is why you can't trade just one pair. Trading EURUSD today would have been suicidal.
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