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C-12's Supply, Demand and PA thread

  • #481
  • Nov 12, 2012 8:00am Nov 12, 2012 8:00am
Quoting C-12
Ok got to dash to work so I've opened up a swing position on the GBPUSD. Only a small account this. Stops are 30 pips. The red line is my BE level and the white lines are my TP levels. Let's see what happens.
LOL...thinking the same thing myself. Still holding that last 50% but about to close it. Watchin this 15M TL for a few bars to see if there's anymore to be had. +22 now and 10 locked. Have a great day
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Ghost Rider - WWTBMD?
  • #482
  • Nov 12, 2012 8:54am Nov 12, 2012 8:54am
Quoting C-12
Well 2 things.

1) ATR - AUDUSD usually travels 68 pips per day and we'd already done 75.. A reversal was coming sooner or later.
I found this doc on this subject... may be of use to someone.

Key points IMO:

1) ATR doesn’t give you directions but it tells you a range in which a currency can move.
2) ATR projections are plotted in the beginning of the day basically just telling you a desired range in which
pair will move for the day.
3) Typically showing a high and a low ATR zone. ATR levels are actually considered as a potential reversal
zones.
4) ATR is generally clubbed with any other trading system just to add more solidarity to the system.
Attached File(s)
File Type: pdf Trading_with_ATR_projections.pdf   306 KB | 4,176 downloads
  • #483
  • Nov 12, 2012 10:32am Nov 12, 2012 10:32am
Quoting Dave987c
I found this doc on this subject... may be of use to someone.

Key points IMO:

1) ATR doesn’t give you directions but it tells you a range in which a currency can move.
2) ATR projections are plotted in the beginning of the day basically just telling you a desired range in which
pair will move for the day.
3) Typically showing a high and a low ATR zone. ATR levels are actually considered as a potential reversal
zones.
4) ATR is generally clubbed with any other trading system just to add more solidarity to the system.
Yes this is basically how I use it. I rarely see price significantly exceed it's ATR unless it's a big news day so I find it is quite useful to gauge potential exhaustion. Supply and Demand levels that lie beyond the daily ATR level are of particular interest to me.
  • #484
  • Nov 12, 2012 10:57am Nov 12, 2012 10:57am
Quoting C-12
Yes this is basically how I use it. I rarely see price significantly exceed it's ATR unless it's a big news day so I find it is quite useful to gauge potential exhaustion. Supply and Demand levels that lie beyond the daily ATR level are of particular interest to me.
don't suppose you know of a way to have these lines drawn on the chart automatically?
  • #485
  • Nov 12, 2012 11:00am Nov 12, 2012 11:00am
Quoting Dave987c
don't suppose you know of a way to have these lines drawn on the chart automatically?
Yep, page one of this thread. ATR projections indicator.
  • #486
  • Nov 12, 2012 11:30am Nov 12, 2012 11:30am
Quoting C-12
Yep, page one of this thread. ATR projections indicator.
woo didn't realise it drew it on.... thanks.
  • #487
  • Nov 12, 2012 11:38am Nov 12, 2012 11:38am
Quoting Dave987c
woo didn't realise it drew it on.... thanks.
I set it to only show the furthest ATR levels by selecting the colour 'none' for the other 2 levels.
  • #488
  • Nov 12, 2012 1:57pm Nov 12, 2012 1:57pm
dow sell
[
ATTACH]1077785[/ATTACH]M15
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All systems of divination, like music itself,work through patterns.
  • #489
  • Nov 12, 2012 10:37pm Nov 12, 2012 10:37pm
guys I hate to be NOOB here but i can't get any of the box indis to work.
The best indicator is price.
  • #490
  • Nov 13, 2012 1:18am Nov 13, 2012 1:18am
Quoting scfx
guys I hate to be NOOB here but i can't get any of the box indis to work.

hi scfx,

1. this one you just apply to a a clean chart and it should plot some SupDem zones by itself.
Quoting Ratatuia
found this indi .. maybe it helps some of us to spot fast interesting areas and one could than manually adjust it.....

just a thought
R

2. this one I think is the one C-12 uses: you have to apply it to a chart AND manually draw your boxes(Insert-Shapes-Rectangles): the indi will extend them into the future

Quoting C-12
Oh yes....

I'm pleased to share this awesome indicator. It is similar to Gilben's Clean Cut cubes but you can highlight specific colours for individual time frames.

I use Grey for H4 and H1
Dark Grey for M30 and M15
Defaults for M5 and M1

Give it a try.
http://www.forexfactory.com/showthread.php?t=392082


Hope this helps
R
  • #491
  • Nov 13, 2012 1:59am Nov 13, 2012 1:59am
morning folks. 6 down 4 up. some lively moves this morn
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  • #492
  • Nov 13, 2012 3:31am Nov 13, 2012 3:31am
Nice level on AUD/USD.
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  • #493
  • Nov 13, 2012 3:36am Nov 13, 2012 3:36am
Quoting antaly
Nice level on AUD/USD.
Hi,

What does that mean, spread 13 points ?
  • #494
  • Nov 13, 2012 3:56am Nov 13, 2012 3:56am
Quoting Dave987c
morning folks. 6 down 4 up. some lively moves this morn
Hey Dave 987c,

You have also in the left upper corner the same: spread = ...points. What does it mean?
I know what spread is, but a spread of 13 points is anknown for me. And I know what pip means. I searched it, and the definition is : the smallest price change that a given exchange rate can make. it stands for percentage in points.
  • #495
  • Nov 13, 2012 3:58am Nov 13, 2012 3:58am
Quoting antaly
Nice level on AUD/USD.
Great trade if you took that one.. I'm short AUDUSD off the upper M5 / M15 level.
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  • #496
  • Nov 13, 2012 4:13am Nov 13, 2012 4:13am
Quoting toktok
Hey Dave 987c,

You have also in the left upper corner the same: spread = ...points. What does it mean?
I know what spread is, but a spread of 13 points is anknown for me. And I know what pip means. I searched it, and the definition is : the smallest price change that a given exchange rate can make. it stands for percentage in points.
Yo... points is 1/10th of a pip.... i.e. 15 points = 1.5 pips.... or 2 points = 0.2 pips
  • #497
  • Nov 13, 2012 4:16am Nov 13, 2012 4:16am
Quoting C-12
Well I've trimmed it back to just the one position with a 100 pip target. I'll hold this since it's unlikely it will gap down 70 pips over the weekend.
Seriously cheesed off I woke up to see this trade got stopped out for break even. This position was over £250 up at one point and I gave this entire profit back? Swing trading is bad for my health!

Anyway. Back in again on the swing.
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  • #498
  • Nov 13, 2012 4:18am Nov 13, 2012 4:18am
No such health issues with this Aussie trade.
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  • #499
  • Nov 13, 2012 4:23am Nov 13, 2012 4:23am
Quoting C-12
Seriously cheesed off I woke up to see this trade got stopped out for break even. This position was over £250 up at one point and I gave this entire profit back? Swing trading is bad for my health!

Anyway. Back in again on the swing.
I tried to do exactly this about 2.5 hours ago.... didn't take the 1 min chart off a 1min level like you were mentioned a while back... stopped at -6 Altho if this holds, you can take the rest of the month off
  • #500
  • Nov 13, 2012 4:31am Nov 13, 2012 4:31am
Quoting Dave987c
I tried to do exactly this about 2.5 hours ago.... didn't take the 1 min chart off a 1min level like you were mentioned a while back... stopped at -6 Altho if this holds, you can take the rest of the month off
Hah yeah I've stopped doing that now, although I'm good with averaging into a swing position on the M1 but with a wider stop, I wont be doing it at 2+ standard lots again!
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