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C-12's Supply, Demand and PA thread

  • #1,941
  • Feb 21, 2013 5:29am Feb 21, 2013 5:29am
Quoting helenaberg
Thank you.
There was another trade of yours that made me think. I marked it on the chart below. What made you buy there? Exactly which level?
This one you can see the M15 level on that chart but there was a cleaner M5 level within, also some divergence on the RSI. I had the S/R flip as the target so felt good to hold these two.
  • #1,942
  • Feb 21, 2013 5:35am Feb 21, 2013 5:35am
This one could be a very nice runner.
Attached Image (click to enlarge)
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  • #1,943
  • Feb 21, 2013 8:32am Feb 21, 2013 8:32am
C-12 do you have any pdf or html(word,zip,rar..)... with kenīs posts(charts) from FF please ?
  • #1,944
  • Feb 21, 2013 9:06am Feb 21, 2013 9:06am
Quoting C-12
Not much scalping going on really, just holding an EU short. Did grab this earlier on EJ.

I did take a long at that demand and got stopped out for some.
Hi C12,
nice C12 , i miss the entry short from double top but catch short entry on the break out weekly pivot area....
locked the profit now .....

Cheers
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  • #1,945
  • Feb 21, 2013 12:06pm Feb 21, 2013 12:06pm
Quoting tinkerbelle
C-12 do you have any pdf or html(word,zip,rar..)... with kenīs posts(charts) from FF please ?
I haven't got this but it would be worth doing. Definitely good idea to read romancing the price and the blog.
  • #1,946
  • Feb 21, 2013 12:34pm Feb 21, 2013 12:34pm
Quoting C-12
Yeah was a rough day, my EU day was dreadful considering I was very well up.. but I kept this one running.
Part 2 closed. Bit of a long stretch.

http://gyazo.com/90a4be9a5aa9bfa7bd1...png?1361471482
  • #1,947
  • Edited 2:55pm Feb 21, 2013 12:45pm | Edited 2:55pm
Quoting C-12
Part 2 closed. Bit of a long stretch.
WOW, charts like this always amaze me...
  • #1,948
  • Feb 21, 2013 1:49pm Feb 21, 2013 1:49pm
Ok there it goes, bit of a scrappy day scalping, been out and about most of the day. Didn't use any stop for lower sell but upper sell got taken for BE...

Poor trade management but worked out ok.
Attached Image(s) (click to enlarge)
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  • #1,949
  • Feb 21, 2013 11:27pm Feb 21, 2013 11:27pm
Nice thread C-12, good charts, good job
  • #1,950
  • Feb 22, 2013 4:01am Feb 22, 2013 4:01am
Couple of scalps on eur this morning off 15 then 5min supply 3219 area then potential runner off the H1 3236 area. Was hoping for a better entry at 3251 (15min level within H1 - bread and butter levels), but that news spike missed it by 5 pips. Front runners getting in prior to the optimum level made the H1 zone difficult but a pull back just below a broken switched level at 32344 gave a nice entry with favourable RR. And now its tanking.
  • #1,951
  • Feb 22, 2013 5:30am Feb 22, 2013 5:30am
Quoting Porkpie
Couple of scalps on eur this morning off 15 then 5min supply 3219 area then potential runner off the H1 3236 area. Was hoping for a better entry at 3251 (15min level within H1 - bread and butter levels), but that news spike missed it by 5 pips. Front runners getting in prior to the optimum level made the H1 zone difficult but a pull back just below a broken switched level at 32344 gave a nice entry with favourable RR. And now its tanking.
Decided to pull the plug on the 2 shorts, looked like a possible stop run.

*These entries may look a bit strange but I'm using scripts to execute trades and tighten up entries. I've upped them on the AG site.
Attached Image (click to enlarge)
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  • #1,952
  • Feb 22, 2013 5:38am Feb 22, 2013 5:38am
Hehe... some fast pips made here.60pip drop in 1 min

C-12: Do you mean the "Z" tool to execute?
  • #1,953
  • Feb 22, 2013 5:55am Feb 22, 2013 5:55am
Quoting Infest
Hehe... some fast pips made here.60pip drop in 1 min

C-12: Do you mean the "Z" tool to execute?
No these are just buy, sell and exit scripts (got hotkey's assigned).
  • #1,954
  • Edited 6:32am Feb 22, 2013 6:02am | Edited 6:32am
Quoting Porkpie
Couple of scalps on eur this morning off 15 then 5min supply 3219 area then potential runner off the H1 3236 area. Was hoping for a better entry at 3251 (15min level within H1 - bread and butter levels), but that news spike missed it by 5 pips. Front runners getting in prior to the optimum level made the H1 zone difficult but a pull back just below a broken switched level at 32344 gave a nice entry with favourable RR. And now its tanking.
This was the level I marked off and shorted against. Worth watching for these little S/R flips. Quite often these will turn price before getting up to the S&D levels.

You can also call this a liquidity run above the swing high.
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  • #1,955
  • Edited 8:42am Feb 22, 2013 8:31am | Edited 8:42am
Yes I encompassed that flip with my H1 zone which I find adds to the strength of the zone, so I should have been more reactive to it, but was still banking on the smaller time frame squeeze level being reached further up (greed), caught the cheeky bastard on the 1min pull back below it though. And as you say the previous swing up showed lots of sellers in that area where possibly stops had been placed (liquidity pool), so getting that swing failure pattern at its highs was an additional sign to sell. I find these flips are especially effective when the original break is made with a strong momentum candle. Easy to spot.

Loving the M1 TF. Makes me wonder why I avoided it so much in the past!
  • #1,956
  • Feb 22, 2013 8:42am Feb 22, 2013 8:42am
Quoting Porkpie
Yes I encompassed that flip with my H1 zone which I find adds to the strength of the zone, so I should have been more reactive to it, but was still banking on the smaller time frame squeeze level being reached further up (greed), caught the cheeky bastard on the 1min pull back below it though. I find these flips are especially effective when the original break is made with a strong momentum candle. Easy to spot.
Yep, even on the lower timeframes these S/R flips are vital. I had my alarm on this and missed it...
Attached Image (click to enlarge)
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  • #1,957
  • Feb 22, 2013 8:54am Feb 22, 2013 8:54am
spike violation and not respected S/r flip for a nice sell reversal

went out after my scalping 10 pips , is good for more

http://gyazo.com/ee01b328b11575407bed977af22bcb8b.png
  • #1,958
  • Feb 22, 2013 9:00am Feb 22, 2013 9:00am
Give a few pips back pissing around but this was always in the card. Took BE off lower buys since I was away from screen...

Still 100+ pips for the day scalping.
Attached Image (click to enlarge)
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  • #1,959
  • Feb 22, 2013 10:25am Feb 22, 2013 10:25am
Quoting Infest
spike violation and not respected S/r flip for a nice sell reversal

went out after my scalping 10 pips , is good for more
Very good level and went for 40 in the end.
  • #1,960
  • Edited 6:55pm Feb 22, 2013 5:54pm | Edited 6:55pm
Quoting C-12
Very good level and went for 40 in the end.
jep, but this was also due to the break of the US index (new highs to 81.58)

im shocked about UK and the cut of the triple A rating... shocking drop to almost the lowest low..daily candle now looks very bearish to me. we have still the valid Quasi setup but still, I can see that we gap this with a new low on sunday

what do you think

PS: Have you ever thought about compounding it?

Today i read about a user who uses a 4 sequence compound strategy. He even has negative R:R and it works out.

Basic concept is this:

Account size: 5000 USD

Risk 10 pips (scalp) to make 8 pips

Start: 100 dollar - 180 Dollar
2.Trade: 180 Dollar - 316 Dollar (use the first start + winning money)
3. Trade - 316 Dollar - 560 Dollar
4. Trade- 560 Dollar - 1003 Dollar

So you need 4 consecutive no brainer scalps (only 8 pips) to make a 9 R:R trade with a start capital of 100 dollar.

You would need 9 consecutive losses in a row of this sequence to make a loser.

E.g today i scalped the london GU session which was a range and I had 8 consecutive winners in a row, which would have turned 100 dollar into 2000 dollar with this strategy, only risking 2x 100dollar from the start.

I will definitely focus A LOT on this next week, what do you think about this?
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