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

  • #1,821
  • Feb 11, 2013 2:20am Feb 11, 2013 2:20am
Overnight position turned out into a winner. Taken from marked supply.

http://i47.tinypic.com/zj9vfa.gif
  • #1,822
  • Feb 11, 2013 3:40am Feb 11, 2013 3:40am
Quoting Robertk
Overnight position turned out into a winner. Taken from marked supply.
Nicely done. Weekend holding is not my strong point but I kept this running and took a premature exit.
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  • #1,823
  • Feb 11, 2013 3:42am Feb 11, 2013 3:42am
Took one of these off. Again, prematutely... Need to work on these exits.
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  • #1,824
  • Feb 11, 2013 3:48am Feb 11, 2013 3:48am
A couple of crappy long entries. I've set TP to close the upper ones out if and when price gets there. Not the world's greatest strategy.

Stops for all 3 just below.
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  • #1,825
  • Feb 11, 2013 3:57am Feb 11, 2013 3:57am
Hi C-12,

Been following closely and have a couple of questions which a little reluctant to ask, as maybe not the usual type, but, as you seem to welcome questions and reply without a problem, I'll shoot away :

1. Have been looking at various threads on ff and one thing I've noticed is how after a number of pages the originator, whether certain indicators, settings or timeframes, will change from opening format, presumably as market changes and results suffer. Is this why you have moved away from the thread title and trading off the one minute timeframe ?

2. You posted (rare on ff) a snapshot of your journal and how well you were progressing/performing earlier, is it possible you could do the same currently, it would be reassuring to see your performance and your results going in the right direction, no matter your reasons for the timeframe changes, and so the solidity of your approach ?

Thanks and wish you well
  • #1,826
  • Feb 11, 2013 4:17am Feb 11, 2013 4:17am
Quoting lounge14
Hi C-12,

Been following closely and have a couple of questions which a little reluctant to ask, as maybe not the usual type, but, as you seem to welcome questions and reply without a problem, I'll shoot away :

1. Have been looking at various threads on ff and one thing I've noticed is how after a number of pages the originator, whether certain indicators, settings or timeframes, will change from opening format, presumably as market changes and results suffer. Is this why you have moved away from the thread title and trading off the one minute...
Well, there's no question the M1 method works. You don't need a great understanding of the market to apply it. Just pick a quality level and get to break even fast and see how far you can run it.

The problem is, it doesn't teach you a great deal and in some ways I think it has set my learning curve back a bit. Trading higher time frames, reading price, applying discipline, holding and managing trades is a real skill set which is ultimately more rewarding (not just financially) if you plan on doing this full time.

As for the journal snapshots. I've got a demo journal on the go at Ace Gazette which I'm planning on restarting after I've move house and got my setup back. I used to send people my statements a few months ago to anyone who requested it but longer do this. There's nothing to prove and it offers nothing of value to anyone.

I'm Just sharing some of the trades and styles that works for me (and also some of the things that don't) and hopefully people can get some use out of it.
  • #1,827
  • Feb 11, 2013 4:23am Feb 11, 2013 4:23am
Last one before I get started on packing and clearing out my stuff for the house move. No fixed internet until March 6th... bloody BT.

This one has been awesome and I've now locked in the pips regardless if the direction.
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  • #1,828
  • Feb 11, 2013 4:30am Feb 11, 2013 4:30am
Quoting C-12
Well, there's no question the M1 method works. You don't need a great understanding of the market to apply it. Just pick a quality level and get to break even fast and see how far you can run it.

The problem is, it doesn't teach you a great deal and in some ways I think it has set my learning curve back a bit. Trading higher time frames, reading price, applying discipline, holding and managing trades is a real skill set which is ultimately more rewarding (not just financially) if you plan on doing this full time.

As for the journal snapshots....

Appreciate this C-12

Hope the move goes smoothly. Take it easy
  • #1,829
  • Feb 11, 2013 4:44am Feb 11, 2013 4:44am
Should have taken 1/2 position at previous GU short instead of the full thing. Premature exits can be quite painful. Lesson learned, hopefully!
  • #1,830
  • Feb 11, 2013 4:50am Feb 11, 2013 4:50am
Quoting Robertk
Should have taken 1/2 position at previous GU short instead of the full thing. Premature exits can be quite painful. Lesson learned, hopefully!
Yep, exits are by far the hardest part to master. Not my strong point.
  • #1,831
  • Feb 11, 2013 5:29am Feb 11, 2013 5:29am
What do traders use to extend the zone out. Is there an indicator with alarm that will do this work ?


Thanks
  • #1,832
  • Feb 11, 2013 6:00am Feb 11, 2013 6:00am
Quoting lounge14
What do traders use to extend the zone out. Is there an indicator with alarm that will do this work ?


Thanks
Not that I know of for supdem_ii but Gilben's clean cut cube will do it for your manual rectangles.
  • #1,833
  • Feb 11, 2013 6:06am Feb 11, 2013 6:06am
Quoting C-12
Not that I know of for supdem_ii but Gilben's clean cut cube will do it for your manual rectangles.

Thanks C-12, do you yourself use supdem_ii indicator ?
  • #1,834
  • Feb 11, 2013 6:14am Feb 11, 2013 6:14am
Quoting lounge14
Thanks C-12, do you yourself use supdem_ii indicator ?
I do use it but I'm now taking all the levels it displays. I filter them out manually.
  • #1,835
  • Feb 11, 2013 6:43am Feb 11, 2013 6:43am
Here's a trade lock example on the EJ (both buys and sells on). Let's see which side breaks. Just pulled the plug on the uglier of the 2 entries.

Yellow line is possible S/R flip.
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  • #1,836
  • Feb 11, 2013 6:53am Feb 11, 2013 6:53am
Quoting C-12
I do use it but I'm now taking all the levels it displays. I filter them out manually.
Hi C-12, you take all the levels on which time frame?

Cheers!
  • #1,837
  • Feb 11, 2013 7:03am Feb 11, 2013 7:03am
Quoting EuroPipper
Hi C-12, you take all the levels on which time frame?

Cheers!
Oops mean to say not. Typo!
  • #1,838
  • Feb 11, 2013 7:05am Feb 11, 2013 7:05am
Quoting C-12
Oops mean to say not. Typo!

Hi C-12,

Can you share the settings you use on the sup/dem indicator ?


Thanks
  • #1,839
  • Feb 11, 2013 7:12am Feb 11, 2013 7:12am
Quoting lounge14
Hi C-12,

Can you share the settings you use on the sup/dem indicator ?


Thanks
I use the same one as on the first page. I have slightly toned down the brightness a touch but still the same levels
  • #1,840
  • Feb 11, 2013 7:20pm Feb 11, 2013 7:20pm
Just got back from work and TP was hit. Can't complain with this entry or exit. No fiddling around.
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