C-12's Supply, Demand and PA thread | Page 71 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Supply and Demand Thread using any Indicator 64 replies

Price movement as a function of Supply and Demand 43 replies

Supply and demand zones and EW principles 1 reply

Alifari's - Supply & Demand Thread 17 replies

Demand and Supply 1 reply

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

C-12's Supply, Demand and PA thread

  • #1,401
  • Jan 21, 2013 4:09am Jan 21, 2013 4:09am
Hi, C-12!

It seems to me a very interesting trading strategy.

I've read your first post and especially the example with 6 links.

I am wondering how the indicator supdemmod solidfill draw those Supply and Demand areas, I tried to understand it with the code, but couldn't get it, sorry for my coding skill.

Also, could you give me another recent example of trading with this strategy (ex: if you'd had a set-up today), please?

thanks for your attention!

yours,

shunfeng
The candle pattern is the signal, the inevitability behind it is the key.
  • #1,402
  • Jan 21, 2013 4:10am Jan 21, 2013 4:10am
Quoting C-12
I guess since I'm promoting another site I can't really argue. At least I can still post in here.
Well, but not a commecrial one.

Anyway, supply did hold, SL triggered. Looking for another long.
Thoughts are things
  • #1,403
  • Jan 21, 2013 6:27am Jan 21, 2013 6:27am
Quoting Quezoy
Well, but not a commecrial one.

Anyway, supply did hold, SL triggered. Looking for another long.
Looks like this thread has been dumped into commercial as well. Also I can no longer post in other threads....
  • #1,404
  • Jan 21, 2013 7:53am Jan 21, 2013 7:53am
Quoting C-12
Something worth noting when day trading or scalping. The entire retail market places their stops above / below yesterday's swing high low.

This is why I plot this on my charts since there is always a high risk price will make a straight run for those stops.
Hi, C-12!
excellent reflextion!
does this means that the "yesterday's swing high low" could be a very vulnerable entry place to trade?
yours,
haifan
The candle pattern is the signal, the inevitability behind it is the key.
  • #1,405
  • Jan 21, 2013 7:55am Jan 21, 2013 7:55am
Quoting shunfeng
Hi, C-12!
excellent reflextion!
does this means that the "yesterday's swing high low" could be a very vulnerable entry place to trade?
yours,
haifan
Yes it is but can also be very profitable as well.

You've got to be very careful when trading around those levels. You certainly never want to place your stops a few pips above previous day's high or low.
  • #1,406
  • Jan 21, 2013 7:56am Jan 21, 2013 7:56am
Quoting EuroPipper
Spot-on, C-12, absolutely true. Stop-hunting occurs everyday, in any market. Definitely something to watch-out for at all times.
thanks for your reply
same insight as mine
stop-hunting do exisit
The candle pattern is the signal, the inevitability behind it is the key.
  • #1,407
  • Jan 21, 2013 7:56am Jan 21, 2013 7:56am
I think suicide would be more enjoyable than trying to trade today (US bank holiday)
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 24 KB
  • #1,408
  • Jan 21, 2013 7:57am Jan 21, 2013 7:57am
Quoting Xhale12
Yup. I almost always buy/sell the break of the high or low.

I get to BE quick in case of any fakeout, and the stops usually run pretty fast.

I find if they don't start running very quickly it's best to get out. This is of course only if your looking for scalps.
excellent point!
seems you've already been floating with the market to have such a clear insight about its dynamics!
yours,
shunfeng
The candle pattern is the signal, the inevitability behind it is the key.
  • #1,409
  • Jan 21, 2013 9:01am Jan 21, 2013 9:01am
Quoting C-12
Yes it is but can also be very profitable as well.

You've got to be very careful when trading around those levels. You certainly never want to place your stops a few pips above previous day's high or low.
thanks, C-12!

Very glad to read your answer!

shunfeng
The candle pattern is the signal, the inevitability behind it is the key.
  • #1,410
  • Jan 21, 2013 9:02am Jan 21, 2013 9:02am
Quoting C-12
I think suicide would be more enjoyable than trying to trade today (US bank holiday)
today is US bank holiday??

no idea about that at all......

US bank holiday confirmed

how should I become more aware of this in the future as a professional trader??

yours,

shunfeng
The candle pattern is the signal, the inevitability behind it is the key.
  • #1,411
  • Jan 21, 2013 9:19am Jan 21, 2013 9:19am
Hi, C-12,

As far as I've understood, this trading strategy is something like to bet AGAINST the BREAKOUT of the previous high and/or previous low.

No trading strategy is perfect,as all of us know. So what is the most important drawback of this strategy? (I've read through all the beautiful examples from your posts, they are fine and good, I really appreciate them, but I must know well about the other side of the story before taking it as my trading strategy seriously.)

Besides the indicator SupdemMOD which shows the support/resistance or Demand/Supply levels, are there other indicators to pinpoint the entry location in your trading? ex: Bollinger band, Moving average, Pivot Points, Fib key levels, etc. Or you read the candlestick patterns (engulfing, pinbar, etc.) on the 1 min Chart?


yours,

shunfeng

P.S. I've been seriously trading for some years (mod and real), still very curious about new ideas discovered in FF. Any exchange will enrich each other's mind and trading skills in some way.
The candle pattern is the signal, the inevitability behind it is the key.
  • #1,412
  • Edited 10:04am Jan 21, 2013 9:29am | Edited 10:04am
Quoting shunfeng
today is US bank holiday??

no idea about that at all......

US bank holiday confirmed

how should I become more aware of this in the future as a professional trader??
Every event,holiday what is important for a trader is listen on the FF calendar,right on the main page.

C-12 im very thankfull for this awesome thread,i have readed everything,the trades you posted really inspired me, i hope i will soon start posting here some nice trades too
  • #1,413
  • Jan 21, 2013 11:05am Jan 21, 2013 11:05am
My trades today. Not a good market to trade, but I still went for it.
Attached Image (click to enlarge)
Click to Enlarge Name: eu-21.1.jpg Size: 119 KB
Thoughts are things
  • #1,414
  • Jan 21, 2013 11:10am Jan 21, 2013 11:10am
Quoting Quezoy
My trades today. Not a good market to trade, but I still went for it.
If you can pick up pips on a US bank holiday then you're doing well.

I had a stab at EU long before work and took BE. (got a little greedy since it was nicely up 22 pips and then came back to entry). Took a small long attempt on GU and got BE as well.

I really should avoid trading on working days, especially on slow moving days like today.
  • #1,415
  • Jan 21, 2013 11:17am Jan 21, 2013 11:17am
Quoting C-12
If you can pick up pips on a US bank holiday then you're doing well.

I had a stab at EU long before work and took BE. (got a little greedy since it was nicely up 22 pips and then came back to entry). Took a small long attempt on GU and got BE as well.

I really should avoid trading on working days, especially on slow moving days like today.
I had to trade, cause this approach is new for me and I just HAD TO TRADE.

EU was positive, but I also messed around on EJ and overall produced 1% minus.
Wont trade anything besides EU anymore, this was the plan anyway, but ... what can I say.
Thoughts are things
  • #1,416
  • Edited 11:55am Jan 21, 2013 11:26am | Edited 11:55am
Quoting shunfeng
No trading strategy is perfect,as all of us know. So what is the most important drawback of this strategy?
.
There are 3 drawbacks to this strategy... Or for any scalping method.

1) Discipline
2) Discipline
3) Discipline

If you stick to the rules (ie 6 pip hard stop) and take entries off quality levels (ideally in sync with the higher timeframe) and get to BE fast (after around 6 pips or so) then you'll make a killing with this.

If you move stops, trade for the sake of trading, pick higher time frame tops and bottoms on M1 then I can guarantee your account will suffer.

I can't stress this enough.
  • #1,417
  • Edited 11:47am Jan 21, 2013 11:36am | Edited 11:47am
Also, mindset is the key to this and most important of all.

If you feel ill, anxious, unsure of what levels to take, not happy with the general price action - Turn the monitor off and come back later!

The most frustrating time for me is always between 10am and 12pm GMT when the market is in a dead zone. Unless price is arriving at a really high quality level then it's not worth sitting at the screen. Go and do something else and come back for the NY open with a fresh pair of eyes. I am guilty of this occasionally.

When you hit the zone (you'll know when you get into it) then you will be able to pull off some incredible results.
  • #1,418
  • Jan 21, 2013 11:46am Jan 21, 2013 11:46am
Also risk management - Since your stop is no more than 6 pips you're position size can be pretty sizable and profits rack up fast, as can the losses if you're not in the correct mindset.

For example, if my account is £5k GBP then 1% at 6 pips works out almost 1.2 lots which is seriously overkill.

My advice is to risk no more than 0.5% of your entire account at any one time imo. Do not open new trades unless your previous is at break even.

Account preservation is your main goal in trading.
  • #1,419
  • Jan 21, 2013 1:03pm Jan 21, 2013 1:03pm
Quoting shunfeng
today is US bank holiday??

no idea about that at all......

US bank holiday confirmed

how should I become more aware of this in the future as a professional trader??

yours,

shunfeng
put this on your chart.Left lower is an example.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 32 KB
Attached File(s)
File Type: ex4 FFCal Headlines.ex4   36 KB | 309 downloads
In trading, you have to be defensive and aggressive at the same time
  • #1,420
  • Jan 21, 2013 1:27pm Jan 21, 2013 1:27pm
Quoting C-12
There are 3 drawbacks to this strategy... Or for any scalping method.

1) Discipline
2) Discipline
3) Discipline

If you stick to the rules (ie 6 pip hard stop) and take entries off quality levels (ideally in sync with the higher timeframe) and get to BE fast (after around 6 pips or so) then you'll make a killing with this.

If you move stops, trade for the sake of trading, pick higher time frame tops and bottoms on M1 then I can guarantee your account will suffer.

I can't stress this enough.

Wish there was a like button on FF, good trading c-12 as usual.

I got in long EU and was like holy mother of god why is this thing coiling so much and then went to check the news, saw bank holiday closed the position up and am walking away for a better tomorrow lol.

I was gonna post saying your thread is probably going to be moved but I didnt want to bring unncessary attention to that, hopefully people are still able to find the thread cause that commercial forum becomes a ghost town or at least tends to hide the good stuff.
3 traders viewing now