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C-12's Supply, Demand and PA thread

  • #1,521
  • Jan 25, 2013 7:13am Jan 25, 2013 7:13am
Quoting Robertk
Questioning that last possible short on cable. Did not enter it this time. Might regret it later. I however think it is going for higher levels first. I see you are already BE so would not be a problem.
Well it was a level but I agree, bit of a punt. I'm holding lower buy.

Don't quote me on this (I'm crap at predictions) but the Ģ may have put in a decent bottom today.
  • #1,522
  • Jan 25, 2013 7:22am Jan 25, 2013 7:22am
Really a shame I woke up 8:30 GMT+1 today. Missed all the fun on that E/U upmove.. Hoping for a nice counter trade from fresh supply but each gets broken so far Not much demand created..
  • #1,523
  • Jan 25, 2013 7:32am Jan 25, 2013 7:32am
Quoting Robertk
Really a shame I woke up 8:30 GMT+1 today. Missed all the fun on that E/U upmove.. Hoping for a nice counter trade from fresh supply but each gets broken so far Not much demand created..
Looks like the kind of action tops are made of, but what do I know.

Got BE out of last sell but came back to my desk to see this action. Had to get in on this.
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  • #1,524
  • Jan 25, 2013 7:36am Jan 25, 2013 7:36am
Yeah I went short as well. Received some extra confirmation. Not the best entry anymore tho!
Wasn't actually the "extra confirmation". For some reason my i_supply_SD indicator painted the box green at higher TF, which indicated that cable was actually still being in a demand zone @.@ Honestly don't know why the hell it would paint it green when clearly there was supply being created. Sometimes better to trust the eyes instead I guess.
  • #1,525
  • Jan 25, 2013 7:53am Jan 25, 2013 7:53am
Quoting C-12
Just digging up this old trade.

I caught exactly the same entries as Ken yet look at the difference in outcome. I took a loss on that trade.
I am really impressed!

well you showed in your screenshot that you've open a position of 1 standard lot

and you said that it was very very small size

what's your "normal" size? 10 standard lot?

yours,

shunfeng
The candle pattern is the signal, the inevitability behind it is the key.
  • #1,526
  • Jan 25, 2013 8:08am Jan 25, 2013 8:08am
Quoting shunfeng
I am really impressed!

well you showed in your screenshot that you've open a position of 1 standard lot

and you said that it was very very small size

what's your "normal" size? 10 standard lot?

yours,

shunfeng
Nah that's not my chart. It's the master KennyZ from Ace Gazette. Just dug it up to show the power of experience and knowing how to hold a swing trade.

I'm barely trading standard lots on my 6 stop scalps.

Then again I've only been at this 8 months and I'm a believer in the 10,000 hour rule.
  • #1,527
  • Jan 25, 2013 8:27am Jan 25, 2013 8:27am
Did you took some from that last trade C-12? Cable being a bitch at the moment. Not trusting it at all. Creating fresh demand in current resistance confluence zone. Might go for a breakout...
  • #1,528
  • Jan 25, 2013 8:33am Jan 25, 2013 8:33am
Quoting Robertk
Did you took some from that last trade C-12? Cable being a bitch at the moment. Not trusting it at all. Creating fresh demand in current resistance confluence zone. Might go for a breakout...
I should have really but it was more of a lock position. Got BE out of it.
  • #1,529
  • Jan 25, 2013 8:41am Jan 25, 2013 8:41am
Quoting C-12
Nah that's not my chart. It's the master KennyZ from Ace Gazette. Just dug it up to show the power of experience and knowing how to hold a swing trade.

I'm barely trading standard lots on my 6 stop scalps.

Then again I've only been at this 8 months and I'm a believer in the 10,000 hour rule.
dear C-12,

You impressed me again with your 10,000 hour rule! We share so much in common.

One of my friends in trading recommended me the 10,000 hour rule article and I've read it again and again. I am not a believer but I am convinced that talents and genius are from the repeated exercises.

with my +3000 trades and serious dedication (I started eary the forex, but the first several years only seen as totally an amateur) since december 2011, I think I've only got about 3000 hours ( I traded 10 hours a day during weekdays and many weekends for reviewing of these trades and reading of books...etc.). I need another two years to reach the magic number of 10,000 if I will be hard working enough!

how many hours you think you've accumulated since these months, c-12?

yours,

shunfeng
The candle pattern is the signal, the inevitability behind it is the key.
  • #1,530
  • Jan 25, 2013 8:51am Jan 25, 2013 8:51am
Quoting shunfeng
how many hours you think you've accumulated since these months, c-12?

yours,

shunfeng
Tough question. Reckon around 2,000 so far. Only another 8,000 to go.

I'm sure my girlfriend will be pleased to hear that!
  • #1,531
  • Jan 25, 2013 8:59am Jan 25, 2013 8:59am
Another lock, also just got short EU but getting late in the day so may pull the plug on that one.
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  • #1,532
  • Jan 25, 2013 9:11am Jan 25, 2013 9:11am
Quoting C-12
Tough question. Reckon around 2,000 so far. Only another 8,000 to go.

I'm sure my girlfriend will be pleased to hear that!


enjoy your life, anyway!
happy pipping and happy life!!
yours,
shunfeng
The candle pattern is the signal, the inevitability behind it is the key.
  • #1,533
  • Jan 25, 2013 9:29am Jan 25, 2013 9:29am
Quoting C-12
Another lock, also just got short EU but getting late in the day so may pull the plug on that one.
for this trade, c-12, how you've entered the trade as the new high is higher than both of the two swing highs ? how could you know the supply there was stronger than the demand, and how you knew that it could be a good place to short? is there any other indicator you use?
thanks,
yours,
shunfeng
The candle pattern is the signal, the inevitability behind it is the key.
  • #1,534
  • Jan 25, 2013 9:49am Jan 25, 2013 9:49am
Quoting shunfeng
for this trade, c-12, how you've entered the trade as the new high is higher than both of the two swing highs ? how could you know the supply there was stronger than the demand, and how you knew that it could be a good place to short? is there any other indicator you use?
thanks,
yours,
shunfeng
Well we're well into D1/H4 supply and price had run 125 pips in a day. Was a reversal play but late in the day (locked now).

I took the M1 supply initially and then price popped above it to take out the stops so took another.
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  • #1,535
  • Edited 10:26am Jan 25, 2013 10:16am | Edited 10:26am
Cable still running. Just letting it run. Weekend.
Edit: nvm, closed it for +12. Getting too late and want to get into the weekend clean.
http://i45.tinypic.com/28070w8.gif
  • #1,536
  • Jan 25, 2013 10:27am Jan 25, 2013 10:27am
Quoting C-12
Well we're well into D1/H4 supply and price had run 125 pips in a day. Was a reversal play but late in the day (locked now).

I took the M1 supply initially and then price popped above it to take out the stops so took another.
thanks for your reply, c-12!

yours,

shunfeng
The candle pattern is the signal, the inevitability behind it is the key.
  • #1,537
  • Jan 25, 2013 10:33am Jan 25, 2013 10:33am
Such a BS market.
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  • #1,538
  • Jan 25, 2013 10:47am Jan 25, 2013 10:47am
Quoting C-12
Such a BS market.
pocket it, there is a resistance at 1.3454, difficult to still shoot down there.
The candle pattern is the signal, the inevitability behind it is the key.
  • #1,539
  • Jan 25, 2013 2:58pm Jan 25, 2013 2:58pm
Hi C-12
hanging aroud for a while here and on Ace.. wanna ask dont you have any rar, zip file with your or kenīs charts pls ? can you upload it here or on ace or send me PM ? it would be awesome..
thank you and take care T.
  • #1,540
  • Jan 26, 2013 2:16am Jan 26, 2013 2:16am
Quoting tinkerbelle
Hi C-12
hanging aroud for a while here and on Ace.. wanna ask dont you have any rar, zip file with your or kenīs charts pls ? can you upload it here or on ace or send me PM ? it would be awesome..
thank you and take care T.
Hey, I haven't got this but it is very worthwhile. I know when Kenny started out S&D trading he made a huge PDF with red's charts. I've studied pretty much all of Ken's charts in depth and his trading is brilliant.
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