DislikedMight have legs as past ADR, moved into H4 Supply, but london close coming up and its a friday so not hoping for much.. Have a good weekend. {image} {image}Ignored
C-12's Supply, Demand and PA thread
- #7,362
- Jun 28, 2019 12:10pm Jun 28, 2019 12:10pm
- Joined May 2010 | Status: Trader | 2,693 Posts
Hi All, Keep Watching Gold .... H4 and D1 ....{image}
- #7,363
- Jun 28, 2019 1:12pm Jun 28, 2019 1:12pm
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
Good stuff guys. I had a bit of a stinker this week after a pretty good start. Ended up almost flat and had to break a few rules to recover..
My takeaway for this week is trade out at the edges around liquidity areas + zones and no pissing around in the middle of nowhere.
Let's hope next week is better. Have a great one.
My takeaway for this week is trade out at the edges around liquidity areas + zones and no pissing around in the middle of nowhere.
Let's hope next week is better. Have a great one.
- #7,364
- Jun 30, 2019 4:28pm Jun 30, 2019 4:28pm
- | Commercial User | Joined Sep 2018 | 1,427 Posts
eurgbp daily setup runing
- #7,365
- Jul 1, 2019 12:08pm Jul 1, 2019 12:08pm
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
eurgbp daily setup runing
I'm off to a nice start after a proper stinker last week... Added a few more pairs, completely shaken things up on the money management side and good to go.
A huge thing in this business is having the character to bounce back strongly after a setback, plus be willing to adapt when things are clearly not working optimally.
You need to have thick skin for sure, even after many years at it and be always open to new ideas.
- #7,366
- Jul 1, 2019 12:26pm Jul 1, 2019 12:26pm
{quote} Looks like a good one, plus very promising for anything USD.
Keep on pushing even through shit market periods, the amount of times I've felt like quitting even though I was only down like 2% in the month
?
- #7,367
- Jul 1, 2019 12:41pm Jul 1, 2019 12:41pm
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
{quote} Yep, gotta keep that mentality of bouncing back and adapting! Keep on pushing even through shit market periods, the amount of times I've felt like quitting even though I was only down like 2% in the month
The root cause of the problem was position sizing, not letting trades breath and cutting trades way too fast. Death by a thousands cuts you might call it, or death by spiralling commissions.
Had a serious word with myself, a couple of single malt whiskies and figured it out in the end.
- #7,369
- Edited 1:26pm Jul 1, 2019 1:12pm | Edited 1:26pm
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
Another indicator I had developed that is very handy for managing multiple pairs.
This is great for me with RSI to rapid flick through pairs and time-frames while retaining D1/H4/H1 and M15.
C12_Switch_Symbols_V1
Features:
This is great for me with RSI to rapid flick through pairs and time-frames while retaining D1/H4/H1 and M15.
C12_Switch_Symbols_V1
Features:
- Changes Symbol to next or previous using Left or Right Arrow (either keyboard or onscreen arrows.)
- Change Timeframe up or down (across all timeframes of same symbol) using Up or Down Arrow (keyboard or onscreen arrows).
You can set symbol list to use either MT4 Marketwatch or a Custom List.
Indicator goes on a single chart.
Example - If you have EU (D1/H4/H1/M15) you can flick to GU (D1/H4/H1/M15) with a single right arrow click or Left/Right keyboard press, plus cycle through as many pairs as needed.
Pressing UP Arrow (or keyboard Up/Down) will change to EU (W1/D1/H4/M30). Down arrow will change to EU (H4/H1/M30/M5)
It works with other chart cycling indicators.
AVOID using it on a chart with any EA attached as it will cause terminal to freeze.
Just a question, too many posts to read so I will just ask 
Do you post here some certain setups with certain indicators, or we are able to post our own setups that are not related to anything?
Do you post here some certain setups with certain indicators, or we are able to post our own setups that are not related to anything?
If you want to see charts on different level, start listening to Madonna
- #7,371
- Jul 1, 2019 1:28pm Jul 1, 2019 1:28pm
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
Just a question, too many posts to read so I will just ask
The core strategy is Supply / Demand and Price Action, so that's the only real framework.
Okay, thanks for the answer. I have actually some good setups that I post in my thread, but it is always good to talk to other traders on their threads Now, I will just copy ones from today that I have posted already, if it is not okay with you, just tell and deleted they will be.
Please note that I trade supply and demand(technical + fundamental) and Price action(I am really good with candles, did a lot of testing and now I generate great entries in the market as you may see down in the post). My goal is to trade as less as possible to catch as much as possible. That way risk is much lower(Fewer trades, less risk) while never risking more than 1%.
GBPJPY
Why have I taken this trade:
If I was looking purely to fundamentals on this one, I would definitely not enter it. UK economy is shrinking, PMI came really bad, we have a lot of potential downside for GBP, together with all the Brexit mess. But from JPY side, there was easing due to trade wars "ceasefire". They postponed everything which could bring some easing on Gold and Jpy, also Chf a bit even though CHF volume right now is very very low. We should not call it major anymore, less than 5% of the volume traded. But move that aside, technicals on this trade went pretty good. There was a gap that had to be filled, a great double bottom, a textbook retest of the zone and there it is our entry. Right now stops are at breakeven, nothing to lose. We will be taking partial profits on the way, everything will be posted to my channel. If you wish to join, a link is in the first post.
It is still slow Monday, but we are catching pips like crazy. Again one more trade risk-free!
USDCAD
Why did I enter the trade:
USDCAD is in a downside momentum for a long time. Right now, despite the institutions adding longs on CAD and Canadian economy growing, we have seen nice rejections on current levels. Also, the break of a trendline opens a lot of space for USDCAD to go up very fast. We are expecting at least 100pips pull back. I will keep you updated as long as we are in that trade. Fibo levels may come in handy over here.
EURCAD
Why did I enter the trade:
You will probably wonder why I go into 2 different directions on the same currency. It is because I trust myself. I see EUR falling faster on many pairs than I see CAD, to explain it in some kind of way(I am not a native English speaker so I have a hard time remembering the words sometimes). This one is longer term trade for sure due to EUR doing very very badly overall as I have been talking in my channel, and CAD rising due to OIL prices. USDCAD is just a shorter term long, since there must be some kind of correction both on OIL and USDCAD due to overextended price. Also, what I like here is that institutions are adding longs overall(a little part of our group that we have info on) so long term we see this pair going far. That would be all, just a short recap of what we are doing every day
Enjoy!!
Now, I will just copy ones from today that I have posted already, if it is not okay with you, just tell and deleted they will be.Please note that I trade supply and demand(technical + fundamental) and Price action(I am really good with candles, did a lot of testing and now I generate great entries in the market as you may see down in the post). My goal is to trade as less as possible to catch as much as possible. That way risk is much lower(Fewer trades, less risk) while never risking more than 1%.
GBPJPY
Why have I taken this trade:
If I was looking purely to fundamentals on this one, I would definitely not enter it. UK economy is shrinking, PMI came really bad, we have a lot of potential downside for GBP, together with all the Brexit mess. But from JPY side, there was easing due to trade wars "ceasefire". They postponed everything which could bring some easing on Gold and Jpy, also Chf a bit even though CHF volume right now is very very low. We should not call it major anymore, less than 5% of the volume traded. But move that aside, technicals on this trade went pretty good. There was a gap that had to be filled, a great double bottom, a textbook retest of the zone and there it is our entry. Right now stops are at breakeven, nothing to lose. We will be taking partial profits on the way, everything will be posted to my channel. If you wish to join, a link is in the first post.
It is still slow Monday, but we are catching pips like crazy. Again one more trade risk-free!
USDCAD
Why did I enter the trade:
USDCAD is in a downside momentum for a long time. Right now, despite the institutions adding longs on CAD and Canadian economy growing, we have seen nice rejections on current levels. Also, the break of a trendline opens a lot of space for USDCAD to go up very fast. We are expecting at least 100pips pull back. I will keep you updated as long as we are in that trade. Fibo levels may come in handy over here.
EURCAD
Why did I enter the trade:
You will probably wonder why I go into 2 different directions on the same currency. It is because I trust myself. I see EUR falling faster on many pairs than I see CAD, to explain it in some kind of way(I am not a native English speaker so I have a hard time remembering the words sometimes). This one is longer term trade for sure due to EUR doing very very badly overall as I have been talking in my channel, and CAD rising due to OIL prices. USDCAD is just a shorter term long, since there must be some kind of correction both on OIL and USDCAD due to overextended price. Also, what I like here is that institutions are adding longs overall(a little part of our group that we have info on) so long term we see this pair going far. That would be all, just a short recap of what we are doing every day
Enjoy!!
If you want to see charts on different level, start listening to Madonna
- #7,373
- Jul 1, 2019 1:45pm Jul 1, 2019 1:45pm
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
That would be all, just a short recap of what we are doing every day
What are your sources for fundamental info? Any news sites? I normally have avoided anything like that as it usually comes with opinion and therefore bias.
Although I can see some value in knowing about what is driving price, when to expect volatility and by how much. It's something I'm starting to warm to.
{quote} Good trades. I can see solid zones on all entries. EC was specifically a tight entry.
Yeah, GJ was also a very tough one, but if you check my group we get those all the time.
I have different sources, I look at the news and connect the dots. My economy knowledge is very good so I can connect stuff to make a bigger picture. Also, I look a lot at the institutional positions. combine it with market sentiment. That information is hard to get, we can talk about it more privately. But the free ones like COT reports are also very good, although a bit lagging.
I find fundamentals very important because supply and demand depends a lot on fundamentals. It is hard for me to tell you about it now because I don't know how much you know about everything but I am always open to conversation. If you want more info, you can check my thread from my profile(Don't want to bomb your thread with links
)
If you want to see charts on different level, start listening to Madonna
- #7,375
- Jul 2, 2019 1:32am Jul 2, 2019 1:32am
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
Full settings for Supdem as requested via PM.
join this ff forum from feb 2017 but never write any post in here hehe
I just started trading this week...and start looking to this FF forum that have similar trading style with me...so here i am, please give me permission to learn from this thread...
and this is my entry today in EG,
this is in EJ
and this in EU
Happy trading for ALL
I just started trading this week...and start looking to this FF forum that have similar trading style with me...so here i am, please give me permission to learn from this thread...
and this is my entry today in EG,
this is in EJ
and this in EU
Happy trading for ALL
Keep Trading for Better Life!!!
- #7,379
- Jul 2, 2019 9:34am Jul 2, 2019 9:34am
- Joined May 2010 | Status: Trader | 2,693 Posts
Long Term Trade .... ....
.... - #7,380
- Jul 2, 2019 1:13pm Jul 2, 2019 1:13pm
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
join this ff forum from feb 2017 but never write any post in here hehe
I was in the EU entry as well but pulled the plug on it due to wishy washy PA. Keep it going.