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C-12's Supply, Demand and PA thread

  • #801
  • Dec 4, 2012 5:27am Dec 4, 2012 5:27am
Quoting Dave987c
thank you for this c-12... been looking for exactly this, this morning... starting to think you can read my mind
This one does daily pivot points as well but I'm mindful of adding useless clutter to my screen.
Attached File(s)
File Type: mq4 vS_PivotsD_v4.mq4   31 KB | 381 downloads
  • #802
  • Dec 4, 2012 5:29am Dec 4, 2012 5:29am
Quoting C-12
This one does daily pivot points as well but I'm mindful of adding useless clutter to my screen.
cheers.. i had that - i got rid of it tho as i found i wasn't really giving any weight to the pivots. with you on the clutter thing.
  • #803
  • Dec 4, 2012 5:49am Dec 4, 2012 5:49am
Quoting C-12
Was away from the PC so didn't catch the clean entry but it was based off a M15 chart.
Took 6 and got break even. So back to the M1 to catch this peach of an entry.
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  • #804
  • Dec 4, 2012 6:57am Dec 4, 2012 6:57am
Quoting C-12
Took 6 and got break even. So back to the M1 to catch this peach of an entry.
What do you look for to estimate whether price is going to rebound from the level or not? The entry point shown is very close to the top of the first candle to poke into the Supply zone - not much chance to observe whether it will be rejected by the market or not.
Sure I have a trading plan. Buy low. Sell high. What's yours?
  • #805
  • Dec 4, 2012 7:14am Dec 4, 2012 7:14am
Quoting Trainman
What do you look for to estimate whether price is going to rebound from the level or not? The entry point shown is very close to the top of the first candle to poke into the Supply zone - not much chance to observe whether it will be rejected by the market or not.
I used to wait for rejections but I see these levels go for at least 6 pips so many times that I just get in these days.
  • #806
  • Edited 9:11am Dec 4, 2012 8:52am | Edited 9:11am
quick 10 with the help of the indi you gave me this morning c-12... (grey line indicating UK open price at 8am and the obvious subsequent move away).

thank you for that. yesterday's high seemed like a logical place to bank it.

would also have had +20 on the euro if i hadn't cancelled my limit order on the bus
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  • #807
  • Dec 4, 2012 9:43am Dec 4, 2012 9:43am
Quoting Dave987c
quick 10 with the help of the indi you gave me this morning c-12... (grey line indicating UK open price at 8am and the obvious subsequent move away).
It's something I picked up from Sam Seiden that session opens are great since the banks and institutions put their big orders into the market. Price is then often moved back to the these levels to fill the remaining orders.

I was looking at this a while ago on over at Ken's thread.

http://www.forexfactory.com/showthre...94#post6084894
  • #808
  • Dec 4, 2012 1:05pm Dec 4, 2012 1:05pm
Quoting C-12
Cheers, welcome aboard and hope to see some charts

Thought I'd share this tasty little indicator you can use to mark off the London open on your charts. This is essential for any morning session scalper imo.

My broker is GMT so I set the value for 8.
C-12

Don't really know what value to set. Is there a way to check on MT4 which value is the right one?

Thanks
  • #809
  • Dec 4, 2012 1:24pm Dec 4, 2012 1:24pm
Quoting Hct1
C-12

Don't really know what value to set. Is there a way to check on MT4 which value is the right one?

Thanks
Yep, look at the current time at the bottom of meta trader and match it with your current time. My broker is GMT so I just set it to 8. You can adjust your time accordingly as 0 is midnight based on your broker's time.
  • #810
  • Dec 4, 2012 1:45pm Dec 4, 2012 1:45pm
Alright, I see.

Your broker is based in london as well. Got it.

Thanks



Quoting C-12
Yep, look at the current time at the bottom of meta trader and match it with your current time. My broker is GMT so I just set it to 8. You can adjust your time accordingly as 0 is midnight based on your broker's time.
  • #811
  • Dec 5, 2012 5:50am Dec 5, 2012 5:50am
Very little time to trade but grabbed this no brainer.
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  • #812
  • Dec 5, 2012 5:54am Dec 5, 2012 5:54am
But I'm already short off the daily.
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  • #813
  • Dec 5, 2012 6:21am Dec 5, 2012 6:21am
Took some horrendous drawdown on this but luckily it happened while I was sound asleep!
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  • #814
  • Dec 5, 2012 6:23am Dec 5, 2012 6:23am
This one was nice though Entered long at 1am and hit my TP overnight... still kept a short running.
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  • #815
  • Dec 5, 2012 7:14am Dec 5, 2012 7:14am
Short GBPUSD

Daily bias... entries taken off a M15 chart.
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  • #816
  • Edited 1:14pm Dec 5, 2012 8:35am | Edited 1:14pm
pretty poor exit before a very likely bounce off that lev but i'm pushed for time so banking it
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  • #817
  • Dec 6, 2012 2:39am Dec 6, 2012 2:39am
I took this trade just minutes before the London Open.
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Sure I have a trading plan. Buy low. Sell high. What's yours?
  • #818
  • Dec 6, 2012 3:36am Dec 6, 2012 3:36am
Quoting Trainman
I took this trade just minutes before the London Open.
Very nice if your'e up early
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  • #819
  • Dec 6, 2012 3:57am Dec 6, 2012 3:57am
Quoting C-12
But I'm already short off the daily.
i like that trade. same stop same targets like mine.
looking for investors . pm me
  • #820
  • Dec 6, 2012 4:03am Dec 6, 2012 4:03am
Quoting kbmoonshinex
i like that trade. same stop same targets like mine.
Got BE out of that. Still got a short Bias GBPUSD so looking again at higher levels.
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