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C-12's Supply, Demand and PA thread

  • #1,461
  • Jan 22, 2013 7:41pm Jan 22, 2013 7:41pm
Thinking of putting this 12 day saga out of it's misery.
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  • #1,462
  • Jan 22, 2013 8:20pm Jan 22, 2013 8:20pm
Great educational thread.
As for the decision as to when to take profits, I've mostly been studying the past 18 months & not trading so my opinion is to take profits in 3 parts. For scalping might be take 1/3 off @ 6 pips, 1/3 off @ 12 pips & let the last 1/3 run with a trailing stop. Takes the decision-making out of it feel better if price turns against you or price makes a big move in your direction. Just my studying-newbie opinion. Someday will put it to use in real trading.
Thanks
Quoting C-12
My charting layout these days is now H4 / H1 / M15 / M5.

I try and get an idea of where price is likely to be heading and then I'm marking off my levels and executing off the M1 chart.

My internal debate going on is whether I should run these trades or take my 12 or 18 pips and just close out. I had a trade run 22 pips today that I allowed to come back and stop me out for BE.
  • #1,463
  • Jan 23, 2013 6:21am Jan 23, 2013 6:21am
Most recent trades:

1) entry below RN, supposing that price will not going to break it up. Exit after price remained stuck right below 10EMA - no obvious break.
2) two failed attempts to break RN, LL and LH, entry after price felt below 10EMA, exit in 2 steps in proximity of 200EMA
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  • #1,464
  • Jan 23, 2013 6:28am Jan 23, 2013 6:28am
Nice to see you posting Christiansan.

EJ as well
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What is any ocean but a multitude of drops?
  • #1,465
  • Jan 23, 2013 6:37am Jan 23, 2013 6:37am
M5 view of the last trade, closed to BE while writing this post.
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  • #1,466
  • Jan 23, 2013 6:42am Jan 23, 2013 6:42am
Quoting Xhale12
Nice to see you posting Christiansan.

EJ as well
we traded the same pair this morning,
you did it very well
The candle pattern is the signal, the inevitability behind it is the key.
  • #1,467
  • Jan 23, 2013 6:44am Jan 23, 2013 6:44am
Hi Xhale,

Good to see you too!
Very good trades! Keep it that way!

By the way, what is the key behind your trades? 10EMA M15TF?
  • #1,468
  • Jan 23, 2013 6:45am Jan 23, 2013 6:45am
EU from this morning.
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Thoughts are things
  • #1,469
  • Jan 23, 2013 6:53am Jan 23, 2013 6:53am
Quoting cristiansan
Hi Xhale,

Good to see you too!
Very good trades! Keep it that way!

By the way, what is the key behind your trades? 10EMA M15TF?
You as well.

I use the 14ema on m1. I find most of my setups on m5 and m15 and then look to m1 to refine my entry. 10ema is used on every other TF.
What is any ocean but a multitude of drops?
  • #1,470
  • Jan 23, 2013 7:44am Jan 23, 2013 7:44am
Jumped on the potential train for E/U south. (removed that sell order above, not there anymore.)

http://i46.tinypic.com/a2wvv4.gif
  • #1,471
  • Jan 23, 2013 8:01am Jan 23, 2013 8:01am
Looks like you guys have been busy.
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  • #1,472
  • Jan 23, 2013 8:03am Jan 23, 2013 8:03am
Just a little bump and dump on the GU.
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  • #1,473
  • Jan 23, 2013 8:04am Jan 23, 2013 8:04am
Didn't add to the short. I'm already loaded up.
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  • #1,474
  • Jan 23, 2013 8:11am Jan 23, 2013 8:11am
Quoting C-12
Just a little bump and dump on the GU.
Nice one, good to see you caught it as well(earlier). Ironic thing is I just got home about 45min ago. Went behind my computer and one minute later setups were taking place. Talking about timing!

http://i47.tinypic.com/2ymyvyo.gif
  • #1,475
  • Jan 23, 2013 8:23am Jan 23, 2013 8:23am
GU from the morning
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Thoughts are things
  • #1,476
  • Jan 23, 2013 8:59am Jan 23, 2013 8:59am
Got stopped out on E/U.. +5, expected a bigger potential from this trade but profit is profit I guess.
Cable still running.
  • #1,477
  • Jan 23, 2013 9:27am Jan 23, 2013 9:27am
Quoting Robertk
Got stopped out on E/U.. +5, expected a bigger potential from this trade but profit is profit I guess.
Cable still running.
I got spiked out on GU for BE. Now its falling.
Thoughts are things
  • #1,478
  • Jan 23, 2013 9:35am Jan 23, 2013 9:35am
hi all,

Short EU and GU ...BE SL.......
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  • #1,479
  • Jan 23, 2013 9:39am Jan 23, 2013 9:39am
Quoting mrhb30jr
hi all,

Short EU and GU ...BE SL.......
You enter when price leaves the zone? Pending orders?
Thoughts are things
  • #1,480
  • Jan 23, 2013 9:39am Jan 23, 2013 9:39am
Quoting Quezoy
I got spiked out on GU for BE. Now its falling.
Very, very unlucky day. Got stopped out +5 E/U. Price went up 3 pips higher to fall 50 pips afterwards.
Same goes for GU. Stopped out -3(SL to -3/4 after +5pips profit EA) just for it to fall 45 pips afterwards.

Makes me honestly want to remove BE and -1-5BE. Its totally against market structure itself. Accept your risk. Don't accept your emotions by wanting your SL to BE as soon as possible.
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