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C-12's Supply, Demand and PA thread

  • #2,021
  • Feb 26, 2013 9:02am Feb 26, 2013 9:02am
Quoting whatfx
i cant see the rules for your method anywhere did you post them ? can you give a brief explanation of the rules...
there are no rules (c) ken !
  • #2,022
  • Feb 26, 2013 9:05am Feb 26, 2013 9:05am
Quoting whatfx
i cant see the rules for your method anywhere did you post them ? can you give a brief explanation of the rules...
Not so much rules really. Mostly I'm reading the market with supply and demand levels and support and resistance. There's no signal or MA crossovers or anything.
  • #2,023
  • Feb 26, 2013 9:50am Feb 26, 2013 9:50am
Quoting whatfx
i cant see the rules for your method anywhere did you post them ? can you give a brief explanation of the rules...
Have a look at the "Price is everything" PDF.

Google will find.
Thoughts are things
  • #2,024
  • Feb 26, 2013 9:53am Feb 26, 2013 9:53am
Quoting tinkerbelle
there are no rules (c) ken !
That imagine he posted buyers/sellers and garbage everywhere else springs to mind.
  • #2,025
  • Feb 26, 2013 10:02am Feb 26, 2013 10:02am
Quoting C-12
We've all been there before.

I would recommend trying out the the buy and sell scripts since your position size will be fixed and you have to edit and compile to change them.

Still just as easy as Z to open up trades.
I've compiled a new position size in Z, and I'll stay with it for a while.

Took the 15€ armada bonus and will scalp around with it.
Thoughts are things
  • #2,026
  • Feb 27, 2013 5:49am Feb 27, 2013 5:49am
Some scalps from this morning. 1 still on.
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  • #2,027
  • Feb 27, 2013 5:52am Feb 27, 2013 5:52am
And some off the spread better.
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  • #2,028
  • Feb 27, 2013 6:27am Feb 27, 2013 6:27am
Another hit - the prior one was ~2 hours ago - into that supply zone around the 1.3120 level triggered my limit order for another sell. The volumes this time were < 50% of the prior volumes, so I wonder if the supply will be sufficient to hold a move higher.....TWT and my SL is areadt at +5......
Trading Levels with WRBs
  • #2,029
  • Feb 27, 2013 7:52am Feb 27, 2013 7:52am
Took a few niggly stop outs (too much micro management) just then and direction a little unclear but pip count is good so far.
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  • #2,030
  • Feb 27, 2013 8:34am Feb 27, 2013 8:34am
Quoting C-12
Took a few niggly stop outs (too much micro management) just then and direction a little unclear but pip count is good so far.

like a boss. (50% today? )

mr. C-12 can i ask you please.

bar 1a if the next bar was bullish-weak-retracement-bar would you enter short? (you didnt sell couse big SL or really fast movement?)

1-2-3 waited for bullish-weak-retracement-bar or ??

thank youu !
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  • #2,031
  • Feb 27, 2013 9:56am Feb 27, 2013 9:56am
Piece of shitluck again. TP(about 85 pips) missed by 5 pips. Always like that lately
TP was placed below an important supply confluence zone as well..

http://i54.tinypic.com/16i5x76.jpg
  • #2,032
  • Feb 27, 2013 1:37pm Feb 27, 2013 1:37pm
Quoting tinkerbelle
like a boss. (50% today? )

mr. C-12 can i ask you please.

bar 1a if the next bar was bullish-weak-retracement-bar would you enter short? (you didnt sell couse big SL or really fast movement?)

1-2-3 waited for bullish-weak-retracement-bar or ??

thank youu !
I would have sold the top of bar 1a if I was at the PC. Sometimes these moves happen quickly. Better not to chase those really since it only adds risk.

I don't wait for classic PA (pin bars etc..). I watch the level and if there is a clear rejection then I get in.
  • #2,033
  • Feb 27, 2013 3:21pm Feb 27, 2013 3:21pm
First position(previous post) was closed at 30. Took another trade from demand and, again, price refused to hit my TP by 1-3! pip yet again(consolidating for 45 minutes just below my TP). I honestly don't know the reason for this as yet again my TP was placed a good amount below a confluence setup with supply going on. In other words, I do not know what factor is causing price to stop and consolidate in the middle of nowhere when a good supply zone is still not in range for a good R:R trade to be placed.

Thank god I went to my computer to check on this trade. Closed it out manually a few sec's ago for about 25 pips. About 60 in total today.

http://i56.tinypic.com/5ygoso.gif
  • #2,034
  • Feb 27, 2013 4:28pm Feb 27, 2013 4:28pm
Quoting Robertk
Thank god I went to my computer to check on this trade. Closed it out manually a few sec's ago for about 25 pips. About 60 in total today.
Nicely done. Still long on this. Bit of a slow burner. Took out 33 pips and leaving some at BE.
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  • #2,035
  • Feb 27, 2013 4:33pm Feb 27, 2013 4:33pm
Wrapped up this, probably going higher (who knows) but hit target late on.
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  • #2,036
  • Feb 28, 2013 5:06am Feb 28, 2013 5:06am
Got stopped out on that short but entered higher before bed.. Worked out ok.
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  • #2,037
  • Feb 28, 2013 5:49am Feb 28, 2013 5:49am
Stopped out on earlier EUR/USD long -12. Also took at cable long at that time. Fortunately that one went better. At the moment running at about +33 pips. Took the trade based on demand(mtf) and a 4H S/R flip.

http://i46.tinypic.com/xbdddy.gif
  • #2,038
  • Feb 28, 2013 5:56am Feb 28, 2013 5:56am
WOW C-12, Awesome trading, Most of your trades remind me of the way Ken trades, You are turning into a PRO. All the very best .

If you could explain, I'd really like to know on what basis you decided to enter Long around 1.31850 here.

Regards


Btw. was this entry taken on a swap level?
Quoting C-12
And some off the spread better.
  • #2,039
  • Feb 28, 2013 5:57am Feb 28, 2013 5:57am
C, what shows the blue number in pipcounter?
Thoughts are things
  • #2,040
  • Feb 28, 2013 6:06am Feb 28, 2013 6:06am
Quoting Quezoy
C, what shows the blue number in pipcounter?
Fairly sure it shows pip count on other pairs, don't really look at that one.
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