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C-12's Supply, Demand and PA thread

  • #381
  • Nov 9, 2012 4:24am Nov 9, 2012 4:24am
Very nice .. but it seems you got in before your zone was touched? .. guess was ok as your 6pips SL was just at the higher and of the zone...
Am I correct?

Thanks so much
R

Quoting C-12
It's all good. Just keep practicing making sure you take your 6 pips, get to BE fast and leaving some on for a runner.

You'll be suprised how quickly these add up and how fast your account grows just by picking off these levels.

Currently trailing this.
  • #382
  • Nov 9, 2012 4:24am Nov 9, 2012 4:24am
Quoting C-12
They can overshoot a touch but again, I just cannot see any reason to buy the EURUSD. What I mean is, just look at the D1 & H4 chart at how bearish that thing is. Even crappy looking supply level are going to work fine.

Here's another EJ one. I wasn't that confident about the level but we had 2 x stacked M1 levels and the higher time frame to support.
why 40 min before you post it?
  • #383
  • Nov 9, 2012 4:26am Nov 9, 2012 4:26am
Quoting FOURX
why 40 min before you post it?
Re-read what I wrote.
  • #384
  • Nov 9, 2012 4:27am Nov 9, 2012 4:27am
Quoting Ratatuia
Very nice .. but it seems you got in before your zone was touched? .. guess was ok as your 6pips SL was just at the higher and of the zone...
Am I correct?
R
Yeah there were 2 levels on top of each other. I was wary of it since we've dropped a long way already today. Got in a little early. It was a bit of a nail biter and during a slow part of the session, but the higher level was still bearish.
  • #385
  • Nov 9, 2012 4:29am Nov 9, 2012 4:29am
I'm out ...for today... (spending the profit )

Have a nice weekend
R
  • #386
  • Nov 9, 2012 4:39am Nov 9, 2012 4:39am
ATR hit now. I'll take this and run. Trailing tightly.
Attached Image (click to enlarge)
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  • #387
  • Nov 9, 2012 5:11am Nov 9, 2012 5:11am
Here's a 5 minute USDCAD. Looked like a pretty strong price rejection. There's a protective upper level to hide my stops. Will get my stops to BE once this starts to move.
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  • #388
  • Nov 9, 2012 5:36am Nov 9, 2012 5:36am
Bit of a swing position this. After shorting EJ all the way down it's time to switch. We're in daily demand and past the ATR.
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  • #389
  • Nov 9, 2012 6:18am Nov 9, 2012 6:18am
Quoting C-12
Bit of a swing position this. After shorting EJ all the way down it's time to switch. We're in daily demand and past the ATR.
Nice work man. And that's quite a nice h1 zone right there on EJ

Crappy day for us EU only buggers. There was a riskyish level that could have been taken however for you aggressive guys, I noticed Ratatuia got in! Congrats, I was waiting on the extreme upper level
  • #390
  • Nov 9, 2012 6:29am Nov 9, 2012 6:29am
Quoting Blad4
Crappy day for us EU only buggers.
Yeah I appreciate that some brokers you can only scalp the EU.

I'm looking for NY to reverse course this afternoon. Most pairs have hit their ATR and opposing S&D levels. Although don't quote me on this since I am pants at making predictions.

Just scalped GBP. not quite at BE yet!
Attached Image (click to enlarge)
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  • #391
  • Nov 9, 2012 6:45am Nov 9, 2012 6:45am
Quoting C-12
Yeah I appreciate that some brokers you can only scalp the EU.

I'm looking for NY to reverse course this afternoon. Most pairs have hit their ATR and opposing S&D levels. Although don't quote me on this since I am pants at making predictions.

Just scalped GBP. not quite at BE yet!
Ahh I choose EURUSD only out of choice. Excessively anal about my win rate you see
  • #392
  • Nov 9, 2012 6:49am Nov 9, 2012 6:49am
Should turn then will watch the reaction to the first level to give clues about the upper
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  • #393
  • Nov 9, 2012 7:12am Nov 9, 2012 7:12am
Got stopped out on the last GBP trade. Like I say, picking tops and bottoms on the M1 can be very satisfying but the risks of getting burnt are high.

Far better to wait for higher time frame confirmation and then get in on a pullback.
  • #394
  • Nov 9, 2012 7:14am Nov 9, 2012 7:14am
Quoting C-12
Re-read what I wrote.
and what?
  • #395
  • Nov 9, 2012 7:16am Nov 9, 2012 7:16am
Quoting FOURX
and what?
If you can't post anything constructive on this thread then you know what to do. I'm not providing a signal service. Feel free to try trading it and participate or not. simple as...
  • #396
  • Nov 9, 2012 7:18am Nov 9, 2012 7:18am
Alright here's the Aussie. One of these levels is going to turn thing this thing. We're well past ATR. Taking a long off this and getting to BE fast.
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  • #397
  • Nov 9, 2012 7:24am Nov 9, 2012 7:24am
Hi C-12,


You use a 6 pip stop. Have you ever considered to let it depend on the ATR ? So you take the ATR of 3 or 4 bars on the 1 min chart , or something like that? So when the market is quiet, you anticipate in that, and when the market is violating you can take more profit , before you go to break even. BTW, there are 2 nice articles about risk management in fururesmag.com from Michael Gutmann."Calibrating Profit and Loss strategies.

  • #398
  • Nov 9, 2012 7:26am Nov 9, 2012 7:26am
OHHHHH, I made a write mistake. It is www.futuresmag.com. And I mean the first take profit. Sorry.
  • #399
  • Nov 9, 2012 7:29am Nov 9, 2012 7:29am
Quoting toktok
Hi C-12,


You use a 6 pip stop. Have you ever considered to let it depend on the ATR ? So you take the ATR of 3 or 4 bars on the 1 min chart , or something like that? So when the market is quiet, you anticipate in that, and when the market is violating you can take more profit , before you go to break even.
I do make use of ATR but only for an idea of potential daily exhaustion. The 6 pips is a worst case. My stops are mostly behind the level that I'm shorting against.. Unless there's a another nice looking S&D level close by to hide behind.

Cheers for the link. Will have a good read.
  • #400
  • Nov 9, 2012 7:32am Nov 9, 2012 7:32am
Quoting C-12
If you can't post anything constructive on this thread then you know what to do. I'm not providing a signal service. Feel free to try trading it and participate or not. simple as...
cool, you 're right I do apoligise
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