Took a short earlier on UJ. normally would have taken a straight loss but there was a level above. Closed the lower buy for BE. Upper sell running.
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C-12's Supply, Demand and PA thread
- #1,764
- Feb 7, 2013 8:46am Feb 7, 2013 8:46am
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
We thank you again, Mr. Draghi, for your comments today:
either EURUSD or EURJPY, similar picture.
Anyway, had to pop out and pick up the mrs. Ended up taking a bunch of buys off my iPhone and a series if hits on EU.
I need to disable that damn Metatrader App!
- #1,767
- Feb 7, 2013 12:01pm Feb 7, 2013 12:01pm
Squandered 100 pips with silliness.... Not acceptable. Anyway. back in again. H4 demand level.
I wonder if you would kindly clarify something for me? You spoke earlier of fat candles and how they are related to orders, or unfilled orders,
could you please expand on this with a few charts.
Kind regards,
- #1,768
- Feb 7, 2013 12:27pm Feb 7, 2013 12:27pm
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
Rough day for Euro longs!
I wonder if you would kindly clarify something for me? You spoke earlier of fat candles and how they are related to orders, or unfilled orders,
could you please expand on this with a few charts.
Kind regards,
- #1,771
- Feb 7, 2013 2:31pm Feb 7, 2013 2:31pm
- Joined Apr 2011 | Status: Hiroshima and Nagasaki | 8,060 Posts
Yeah was a rough day, my EU day was dreadful considering I was very well up.. but I kept this one running.
looking for investors . pm me
- #1,772
- Feb 7, 2013 4:28pm Feb 7, 2013 4:28pm
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
Hi C12 I am trying get used to your system I am doing this on Demo and trying to get use to the Luktom.
Can I ask you do you just let it go to BE after a very small move and then if price retraces get stopped out (that keeps happening to me) On this trade I have put the BE further up but I assume I am inviting a lot more risk. Would appreciate if you could tell me what settings you use on Luktom thanks .
Before this trade I did get stopped out at several levels above so in reality would have been showing some losses.
Thanks if you can help and...
I guess not a good idea to try and catch bottoms on such an aggressive sell off ... unless you already have an open short position.
Also I no longer use the Auto BE. In fact I'm now trading with such a tight stop, I use horizontal line alarms and close negative positions depending on price action.
- #1,773
- Feb 7, 2013 4:30pm Feb 7, 2013 4:30pm
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
Missed all the action yet again. Been at college / only had access to forums. In all honesty it is really driving me nuts. Few good setups that took place today, could have grabbed them ...
- #1,774
- Feb 7, 2013 5:09pm Feb 7, 2013 5:09pm
Yeah was a rough day, my EU day was dreadful considering I was very well up.. but I kept this one running.
Thanks.
I'm looking forward to your insights on fat candles and how they are related to orders, or unfilled orders.
That would be most appreciated.
- #1,775
- Feb 8, 2013 2:33am Feb 8, 2013 2:33am
- Joined Jun 2012 | Status: Signed In | 5,309 Posts
Great trading.
Thanks.
I'm looking forward to your insights on fat candles and how they are related to orders, or unfilled orders.
That would be most appreciated.
Anyway, this UJ trade went surprisingly smoothly.
- #1,778
- Feb 8, 2013 3:14am Feb 8, 2013 3:14am
Probably worth checking out Sam Sieden's videos on fxstreet. Also Ace Gazette has tons of stuff on this.
Anyway, this UJ trade went surprisingly smoothly.
I was using an MT4 indicator and asked the guy who wrote it to make a slight modification for me.
He sent me the source code and a list of resources (tons of stuff) related to MQL4 development.
Was it funny, did it really happen that way? ... who knows ....
Thanks in any event.
Hi C, enjoying this thread and have started to read what Ken / Sam Seiden are doing as a result of it.
I was wondering if you could help, or just point me to a good resource? I'm struggling to understand what a supply / demand area looks like. I think I might be missing a bit of the puzzle. I think I understand S/R but am not quite there with S/D yet.
I've attached a trade I took yesterday which ended up at BE. It went for 15 pips so perhaps I was expecting too much? To me this look like a demand area because;
1) price didn't spend long there
2) it left the area fast
3) the area was still fresh - price hadn't been back there.
Am I along the right lines here or missing something, I'm finding it quite hard to find similar areas.
Dave.
I was wondering if you could help, or just point me to a good resource? I'm struggling to understand what a supply / demand area looks like. I think I might be missing a bit of the puzzle. I think I understand S/R but am not quite there with S/D yet.
I've attached a trade I took yesterday which ended up at BE. It went for 15 pips so perhaps I was expecting too much? To me this look like a demand area because;
1) price didn't spend long there
2) it left the area fast
3) the area was still fresh - price hadn't been back there.
Am I along the right lines here or missing something, I'm finding it quite hard to find similar areas.
Dave.
