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C-12's Supply, Demand and PA thread

  • #1,881
  • Feb 17, 2013 5:56pm Feb 17, 2013 5:56pm
Quoting Infest
EURJPY supply M15
Looks good. Will be back in business this week trading at the new house with a a 4th 27" monitor arriving this week.
  • #1,882
  • Feb 17, 2013 6:15pm Feb 17, 2013 6:15pm
Quoting C-12
Looks good. Will be back in business this week trading at the new house with a a 4th 27" monitor arriving this week.
Awesome!! You will kill the markets with this setup

EURJPY went into TP 35 pips... was a nice 2.25:1 R:R trade
  • #1,883
  • Feb 17, 2013 6:37pm Feb 17, 2013 6:37pm
Quoting Infest
Awesome!! You will kill the markets with this setup
It wasn't really needed but it will be nice to have a monitor dedicated to the USDX.

When I started I was using one laptop.. Unfortunately those dreams of sitting on a beach trading off it were shattered fairly quickly.
  • #1,884
  • Feb 18, 2013 3:38am Feb 18, 2013 3:38am
hi all,

EJ M5 fresh demand 125.00 (BRN) ........

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: ejpy h1 #tr19.gif Size: 23 KB
  • #1,885
  • Feb 18, 2013 5:11am Feb 18, 2013 5:11am
Quoting mrhb30jr
hi all,

EJ M5 fresh demand 125.00 (BRN) ........

Cheers
Not great due to higher time frame supply at the moment.
  • #1,886
  • Feb 18, 2013 12:44pm Feb 18, 2013 12:44pm
Quoting C-12
Looks good. Will be back in business this week trading at the new house with a a 4th 27" monitor arriving this week.
wow, can you upload photo of your trading station ?
  • #1,887
  • Feb 18, 2013 12:58pm Feb 18, 2013 12:58pm
Quoting tinkerbelle
wow, can you upload photo of your trading station ?
Yeah I will post it up when it's done. Still waiting for stock of a new desk so there will eventually be 4 monitors in a row.

Here's the old setup at the old place a few months ago with 2 x 27's and a 22" taken off my iphone.
Attached Image (click to enlarge)
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  • #1,888
  • Feb 18, 2013 1:09pm Feb 18, 2013 1:09pm
Quoting C-12
Yeah I will post it up when it's done. Still waiting for stock of a new desk so there will eventually be 4 monitors in a row.

Here's the old setup at the old place a few months ago with 2 x 27's and a 22" taken off my iphone.
nice ! lack of space
  • #1,889
  • Feb 18, 2013 1:49pm Feb 18, 2013 1:49pm
Quoting C-12
Yeah I will post it up when it's done. Still waiting for stock of a new desk so there will eventually be 4 monitors in a row.

Here's the old setup at the old place a few months ago with 2 x 27's and a 22" taken off my iphone.
wow , great setup... so many pairs in small windows...seems like a fast way to execute trades and see potentials

was this your M1 scalping setup or do you still have so many pairs across to react fast?
  • #1,890
  • Edited 2:09pm Feb 18, 2013 1:59pm | Edited 2:09pm
Quoting Infest
wow , great setup... so many pairs in small windows...seems like a fast way to execute trades and see potentials

was this your M1 scalping setup or do you still have so many pairs across to react fast?
I think this was around November so looking at the charts it would have been...

Right screen for execution on M1/ M5 (EU, GU, AU, UC, UJ and EJ)

Middle screen looks like my swing trade monitoring chart. Left screen will have been USDX with probably gold, oil and S&P.

I've actually cut this down a lot so it's just EU and GU for the execution screen and I might rotate AU, EJ and UJ. Pretty much given up on scalping USDCAD.
  • #1,891
  • Feb 18, 2013 2:29pm Feb 18, 2013 2:29pm
Not traded today and it has been a US bank holiday but there were some nice opportunities to be had on the M1.

I watched a few Sam Seiden's recent webinars earlier and he just takes 1 of these per day and that's his work done and dusted.

For some reason the mind rejects that as being a decent day's work, so the urge to keep trading more is very hard to resist.
Attached Image (click to enlarge)
Click to Enlarge Name: EU.png Size: 38 KB
  • #1,892
  • Feb 18, 2013 3:02pm Feb 18, 2013 3:02pm
Quoting C-12
Not traded today and it has been a US bank holiday but there were some nice opportunities to be had on the M1.

I watched a few Sam Seiden's recent webinars earlier and he just takes 1 of these per day and that's his work done and dusted.

For some reason the mind rejects that as being a decent day's work, so the urge to keep trading more is very hard to resist.
Yes, for some reason, this keeps spinning around my head all the time.

I mean , having a nice swing trade going on is nice, but wouldnt it be enough to scalp like one or two entries a day with very good odds. Then maybe go in with a higher position and go out after 15-30pips.

I know that for being a good scalper I first have to be a very good swing trader, who knows if we are trending, ranging and where the key HTF levels are, so that we do not run into the institutional orders by just focusing on M1/M5 daily levels.
  • #1,893
  • Edited 3:22pm Feb 18, 2013 3:12pm | Edited 3:22pm
Quoting Infest
Yes, for some reason, this keeps spinning around my head all the time.

I mean , having a nice swing trade going on is nice, but wouldnt it be enough to scalp like one or two entries a day with very good odds. Then maybe go in with a higher position and go out after 15-30pips.

I know that for being a good scalper I first have to be a very good swing trader, who knows if we are trending, ranging and where the key HTF levels are, so that we do not run into the institutional orders by just focusing on M1/M5 daily levels.
It's extremely easy to pick 20 pips per day trading off the M1, in fact it almost feels like theft. The problem that I've always run into is I cannot just stop trading, bank my 20 pips of profits and walk away. It's that old lack of discipline problem and not quitting while ahead.

I still mostly end the day profitable when trading the M1 but it's sometimes a pretty hairy ride when it really doesn't need to be.

I'm going to test it this week and limit myself to 2 trades per day on the M1, then shut MT4 down and jump back onto demo and start picking off my longer term swings and intra day swings.

The ultimate goal is to trade larger time frames, read the market and catch every twist and turn. Although it will certainly take many years to get to Ken's standard.
  • #1,894
  • Feb 18, 2013 3:25pm Feb 18, 2013 3:25pm
Quoting C-12
It's extremely easy to pick 20 pips per day trading off the M1, in fact it almost feels like theft. The problem that I've always run into is I cannot just stop trading, bank my profits and walk away. It's that old lack of discipline problem and quitting while ahead.

I'm going to test it this week and limit myself to 2 trades per day on the M1, then shut MT4 down and jump back onto demo and start picking off my longer term swings and intra day swings.

The ultimate goal is to trade larger time frames, read the market and catch every twist and turn....
Yes, or otherway around, run a demo account and just trade off your absolute 100% setups and set strict rules to it, e.g if 20pips are achieved, no trading until next day.

Yes, Ken is a master of this and I can only admire how good he is at this.

I see that the more we are in a raning market, the better it gets for us to scalp off the lower timeframes. Let's pick EURJPY. In the last days, it was superb to scalp both longs and shorts, you made tons of pips by doing this. But this only works very well since EURJPY is capped in this range between 127-122, I especially mean the countertrend-kind of sells work out very well now, since the bulls are weakening but still are present and more sellers are coming into the market. This kind of creates an equality of both sides, making it a paradise for scalpers. Just coast to coast from supply to demand everytime.

However, if we are trending (GU), I still see myself having problems not always trying to enter buys. I have my weekly levels on the chart and it was clearly visible that after we break down below this 5700 level, we probably will fulfil the M-formation until 5200 to retest the weekly demand. However, I still struggled and tried to buy into this market and was not even satisified with 50 pips I once had in profit with my position, because I had this goal to catch a low level to be one of the first when GU really starts to change its direction. But this was obviously stupid, bears proved that they are present everytime we retraced to a broken support level.
  • #1,895
  • Feb 18, 2013 5:21pm Feb 18, 2013 5:21pm
Quoting C-12
Yeah I will post it up when it's done. Still waiting for stock of a new desk so there will eventually be 4 monitors in a row.

Here's the old setup at the old place a few months ago with 2 x 27's and a 22" taken off my iphone.
wow nice bro......
  • #1,896
  • Feb 18, 2013 5:37pm Feb 18, 2013 5:37pm
Quoting C-12
Not traded today and it has been a US bank holiday but there were some nice opportunities to be had on the M1.

I watched a few Sam Seiden's recent webinars earlier and he just takes 1 of these per day and that's his work done and dusted.

For some reason the mind rejects that as being a decent day's work, so the urge to keep trading more is very hard to resist.
keep hold long set up of EJ ......
here the plan on 4htf and M5...

cheers
Attached Image(s) (click to enlarge)
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  • #1,897
  • Feb 18, 2013 5:51pm Feb 18, 2013 5:51pm
mrhb30jr you aware of monetary meeting minutes... starts now - can cause a lot of volume at yen
  • #1,898
  • Feb 18, 2013 6:11pm Feb 18, 2013 6:11pm
im going for a short EURJPY

we had momentum south and retested broken support, that was my entry

http://gyazo.com/3458a69bd1dad72df3946d4fff454707.png
  • #1,899
  • Feb 18, 2013 6:50pm Feb 18, 2013 6:50pm
Quoting Infest
mrhb30jr you aware of monetary meeting minutes... starts now - can cause a lot of volume at yen

Noted with thanks bro to remain me regarding that,
i will prepare for recovering PO .......

Cheers
  • #1,900
  • Feb 18, 2013 10:55pm Feb 18, 2013 10:55pm
Dear C -2 :
Thanks to your thread.
But I don't know why I can't run the "SD_rectangle v1.1" file, can you help me? Thank you !
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