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Attachments: C-12's Supply, Demand and PA thread
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C-12's Supply, Demand and PA thread

  • #21
  • Oct 19, 2012 9:50am Oct 19, 2012 9:50am
Well I had to go out shopping for a bit. Somebody please tell me they caught this...

That's a 40+ pip runner for what only needed a 2 or 3 pip stop.
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  • #22
  • Oct 19, 2012 10:01am Oct 19, 2012 10:01am
i did,
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  • #23
  • Oct 19, 2012 10:03am Oct 19, 2012 10:03am
Quoting diceman555
i did,
Awesome trading.
  • #24
  • Oct 19, 2012 11:22am Oct 19, 2012 11:22am
hey C 12

Good luck with your thread.Like this method.

I cannot figure out your lot value on your statements?
  • #25
  • Oct 19, 2012 11:25am Oct 19, 2012 11:25am
Ok last 2 of the day before this market dies a death. Not planning to hold these.

These were M30 levels and I took the M5 rejection bars. Classic Redsword11 entries these.

Pips taken and BE stop goes without saying.
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  • #26
  • Oct 19, 2012 11:27am Oct 19, 2012 11:27am
Quoting FOURX
hey C 12

Good luck with your thread.Like this method.

I cannot figure out your lot value on your statements?
I mainly trade 1 lot twice but I play around with the partial profit levels. So for example I take 30% off when I get to 6 pips, sometimes more.

That's why you might see 0.70 or 0.30 etc... It's all done via Luktom order management tool.

I'm still trying to find the sweet spot for taking profits. I'm open to ideas.
  • #27
  • Oct 19, 2012 11:37am Oct 19, 2012 11:37am
Quoting C-12
I mainly trade 1 lot twice but I play around with the partial profit levels. So for example I take 30% off when I get to 6 pips, sometimes more.

That's why you might see 0.70 or 0.30 etc... It's all done via Luktom order management tool.

I'm still trying to find the sweet spot for taking profits. I'm open to ideas.
Hi C-12, I m relatively new in forex. Can you explain in details how you make your entries. If it is not too much to ask, it would be better if there is chart. I read through the first page but dont quite get it.

Anyway, good thread. Keep it up.
  • #28
  • Edited 12:12pm Oct 19, 2012 11:40am | Edited 12:12pm
Quoting FxLapozi
Hi C-12, I m relatively new in forex. Can you explain in details how you make your entries. If it is not too much to ask, it would be better if there is chart. I read through the first page but dont quite get it.

Anyway, good thread. Keep it up.
All will be revealed in good time.

I strongly recommend starting with Ken Lee's thread. It's a good 300 pages long but really essential reading. My method is outlined later on in the last 20 pages or so.

http://www.forexfactory.com/showthread.php?t=311095

Also Sam Seiden's webinars. Watch every single video, as boring and repetitive as they may seem. It's absolutely vital to understand supply and demand.

http://www.fxstreet.com/search/contr...1-e9bf77216d2f
  • #29
  • Oct 19, 2012 1:02pm Oct 19, 2012 1:02pm
Great method.
But Gilben's Cleancut Cube do not draw any box on my mt4.

did it need some configuration, no idea how to fix it?
The log did not show any error message.
  • #30
  • Oct 19, 2012 1:06pm Oct 19, 2012 1:06pm
Quoting followtr
Great method.
But Gilben's Cleancut Cube do not draw any box on my mt4.

did it need some configuration, no idea how to fix it?
The log did not show any error message.
You have to draw the rectangles yourself. It's not an automatic thing like ii_supdem indicator.

Anyway. Time to stop trading now... Last one!
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  • #31
  • Oct 19, 2012 1:37pm Oct 19, 2012 1:37pm
I look forward to learning from you and your thread. I love the 1 minute charts but was starting to believe that successful trading could not be consistently done on it because that's what everybody seems to be saying these days.

I am totally new to S&D areas but I'm going to watch, participate and learn as much as possible so I can one day become a consistently successful trading.

Nice going on your trades, thanks for sharing and have a great weekend.
  • #32
  • Edited 7:01pm Oct 19, 2012 1:40pm | Edited 7:01pm
Quoting C-12
I mainly trade 1 lot twice but I play around with the partial profit levels. So for example I take 30% off when I get to 6 pips, sometimes more.

That's why you might see 0.70 or 0.30 etc... It's all done via Luktom order management tool.

I'm still trying to find the sweet spot for taking profits. I'm open to ideas.

This is what i do.

Count how many winners you've achieved; W
Count how many loser you've achieved; L
Calculate your Risk Reward and adjust for transaction costs (ie spread, commision); R

Equation; L/(W*R)

This will let you know how much you should take off at your BE point in order that the 1st part taken off will cover your losses over your total trades. Just bear in mind that your history is a static number and the future will always vary so they'll need to be adjusted from month to month. It's always good to recalculate once a month or so (maybe even sooner since you take many trades.)

Example

Wins: 49
Losses: 32

Tp: 6
Stop: 6
Spread: .7
R: .9

32/(49*.9) = 72.9%

72.9% * (49*.9) = 32

So taking off 72.9% at 6 pips 49 times will cover 100% of 32 losses.

This is just a starting point. If you're a conservative trader then taking off an extra Y% will allow you to have a minimum return calculated such that you should expect to hit at least around X in profits minimum for whatever number of trades you've calculated for. If you want to be aggresive then lowering the percentage will allow the runners to make larger profits. In this case your maximum probable drawdown will be larger than taking the conservative %.

Just my 2 cents.
  • #33
  • Oct 19, 2012 3:39pm Oct 19, 2012 3:39pm
Another very useful process is to keep a spreadsheet that compares different exit methods for each trade that you take. So for instance you could compare

50% off at 6 and trail the rest

70% off at 6 and trail the rest

30% off at 6 and trail the rest

0% off with a trail exit ( would be an interesting one)

etc

interesting what you discover doing this...even tho it is tedious to do

L
All that matters is winning the week
  • #34
  • Oct 19, 2012 6:22pm Oct 19, 2012 6:22pm
Sweet !!!

TSD
  • #35
  • Oct 19, 2012 11:20pm Oct 19, 2012 11:20pm
Looking forward to seeing more. Keep up the good work! I will try to post what I see as well.

Have a great weekend.
PIP'N
  • #36
  • Oct 19, 2012 11:46pm Oct 19, 2012 11:46pm
You are doing good so far, but unfortunately u wont survive long, good luck
  • #37
  • Oct 20, 2012 12:03am Oct 20, 2012 12:03am
36 post's into a new thread and “you guessed it “someone has already said “You are doing good so far, but unfortunately u wont survive long “
You know, with that line of thinking, one might consider a different endeavor. Obviously the mind set is just not cut out for this kind of activity.

TSD
  • #38
  • Oct 20, 2012 1:04am Oct 20, 2012 1:04am
Quoting Hakimi
You are doing good so far, but unfortunately u wont survive long, good luck

In a long run we won´t survive, thats very true.
So ... do you also go around telling people that they gonna drop dead one day, sooner or later?
F_ck your analysis, I know exactly where the market will go. To the right.
  • #39
  • Oct 20, 2012 1:22am Oct 20, 2012 1:22am
Quoting Taxi Driver
In a long run we won´t survive, thats very true.
So ... do you also go around telling people that they gonna drop dead one day, sooner or later?
yes, to keep them check in what they doing and I get paid for that from Jerusalem lol
  • #40
  • Oct 20, 2012 5:11am Oct 20, 2012 5:11am
Quoting Hakimi
yes, to keep them check in what they doing and I get paid for that from Jerusalem lol
stick Jerusalem up your arse,

you troll around threads talking negative insults,

your holding god knows how many eur,usd shorts with thousands of pips drawdown,

your a prick
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