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C-12's Supply, Demand and PA thread

  • #2,041
  • Feb 28, 2013 6:27am Feb 28, 2013 6:27am
Quoting C-12
Fairly sure it shows pip count on other pairs, don't really look at that one.
nah, cant be, I trade only 1 pair. Maybe I'll figure it out.

Otherwise, scalping EU a bit, few pips here, few pips there. Everybody waiting for US news.
Thoughts are things
  • #2,042
  • Feb 28, 2013 6:32am Feb 28, 2013 6:32am
Quoting logesharun
If you could explain, I'd really like to know on what basis you decided to enter Long around 1.31850 here.
Almost sure that was an M5 level, quite a late entry but wanted to get on board this trade and it worked out ok.
  • #2,043
  • Feb 28, 2013 6:57am Feb 28, 2013 6:57am
C-12 just curious about your SL's. Think I read you use 6 pip a lot. Is this just for scalping, what about swings and when if ever do you not use SL's.

I know you move to BE fast when scalping, do you always do this.

Regards.
  • #2,044
  • Feb 28, 2013 7:07am Feb 28, 2013 7:07am
EU trade. I really love this kind of trade. Uptrend & retraced to recent demand zone & RN 1.31.
Hope it can survive the incoming news .
Attached Image (click to enlarge)
Click to Enlarge Name: EU 28-2.png Size: 13 KB
  • #2,045
  • Feb 28, 2013 7:09am Feb 28, 2013 7:09am
Quoting neil324
C-12 just curious about your SL's. Think I read you use 6 pip a lot. Is this just for scalping, what about swings and when if ever do you not use SL's.

I know you move to BE fast when scalping, do you always do this.

Regards.
Not trading with stops currently, using alarms to monitor instead. I will get to BE but once the position is well hid behind fresh levels.
  • #2,046
  • Feb 28, 2013 9:57am Feb 28, 2013 9:57am
Found out what the blue number shows. Its how much secured pips you have. If you trail and your SL is 10 pips in profit, this is what it shows.
Thoughts are things
  • #2,047
  • Feb 28, 2013 11:02am Feb 28, 2013 11:02am
EURUSD locked in

http://gyazo.com/cd013a9d4754cb4964947aa02175a1a0.png
  • #2,048
  • Feb 28, 2013 3:22pm Feb 28, 2013 3:22pm
Hey man!

How did February go for you? How many R's did you pull ?
I don't need easy. I just need possible.
  • #2,049
  • Mar 1, 2013 2:20am Mar 1, 2013 2:20am
EU doing ok so far

http://i46.tinypic.com/2zzow7l.gif
  • #2,050
  • Mar 1, 2013 3:41am Mar 1, 2013 3:41am
Went short on cable. Fundamentals supported this move. Fast TPīs are always welcome +/- 70.
Earlier EU got closed at about +20. Confluence of variables in MTF supply are the reason for it.(seen in picture below)

http://i45.tinypic.com/4hqpnd.gif

http://i50.tinypic.com/63upmc.gif
  • #2,051
  • Mar 1, 2013 4:51am Mar 1, 2013 4:51am
Hey Robert,

Fantastic catch , I guess you managed to enter before the news broke. If it's okay, could you please give a head up regarding how you decided to enter short here?

All the best.

Regards.

Quoting Robertk
Went short on cable. Fundamentals supported this move. Fast TPīs are always welcome +/- 70.
Earlier EU got closed at about +20. Confluence of variables in MTF supply are the reason for it.(seen in picture below)

http://i45.tinypic.com/4hqpnd.gif

http://i50.tinypic.com/63upmc.gif
  • #2,052
  • Mar 1, 2013 5:00am Mar 1, 2013 5:00am
Quoting logesharun
Hey Robert,

Fantastic catch , I guess you managed to enter before the news broke. If it's okay, could you please give a head up regarding how you decided to enter short here?

All the best.

Regards.
Thanks loge, it was simply because of cable being in an overall downtrend and S/D allowing a good R:R trade. Sorry I cant give you anything fancy
  • #2,053
  • Mar 1, 2013 5:29am Mar 1, 2013 5:29am
And an awful lot of hindsight
  • #2,054
  • Mar 1, 2013 6:47am Mar 1, 2013 6:47am
Current level I'm watching for a short on cable. Simple confluence of longer term mid channel TL and a daily S/R flip. Watching carefully for any supply being made here.

http://i50.tinypic.com/v5e34h.gif
  • #2,055
  • Mar 1, 2013 8:27am Mar 1, 2013 8:27am
crude oil scalp at supply
http://gyazo.com/40d6c46974b03ff90a0bd713672a9011.png
  • #2,056
  • Edited 11:14am Mar 1, 2013 9:06am | Edited 11:14am
Quick GU scalp ( bigger position ). Closed 1/2 at 20 pips initial profit to cover a potential 1/2 runner.

http://i45.tinypic.com/2cs6hat.gif

2/2 closed at 35. Brings the total to 130pips. Calling it a day. Time for weekend. Will hardly have any time to trade next couple of weeks by the way. Will be in Tokyo for some vacation, study and internship. Hoping I will be able to place some trades but I'm not too certain...

http://i48.tinypic.com/5ydsg2.gif
  • #2,057
  • Mar 2, 2013 1:34am Mar 2, 2013 1:34am
Some great trades here guys!

I got caught up with some surprise news this week about redundancies at work. I'm going to spend the next few weeks planning and considering my options which might even involve doing this full time.

I'll elaborate more on this next week.
  • #2,058
  • Edited 11:47am Mar 2, 2013 11:13am | Edited 11:47am
Been having a crack at this on m1, thanks c-12 for this thread.

Early days yet, but I like the r:r associated with m1 and have been typically placing very tight stops.

m1 appears to allow very tight stops to be placed at the outer edges of good s&d areas if you're quick and get a decent fill the potential r:r is outstanding.

In terms of MM there's a valid argument for and against moving to break-even and I remember a couple of folk here discussing the pros and cons of a move to break-even, so thought i'd post these two interesting trades from last week.

Both trades here had SL of circa 2 pips , plus spread, the target TP area is next substantial demand area.

-The EU trade was moved to BE +1 at a 'decent' level, it then stopped out at +1 pip, but would have gone on to around 30 pips, approx 10R.

-The AU trade wasn't fiddled with, even though it came back to BE +1 and eventually hit TP and made around approx 8R.

hmmmmmmm...........
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu2802.gif Size: 20 KB
Click to Enlarge Name: au0103.gif Size: 23 KB
  • #2,059
  • Mar 2, 2013 1:23pm Mar 2, 2013 1:23pm
Quoting C-12
Some great trades here guys!

I got caught up with some surprise news this week about redundancies at work. I'm going to spend the next few weeks planning and considering my options which might even involve doing this full time.

I'll elaborate more on this next week.
Good Luck and take care
  • #2,060
  • Mar 2, 2013 1:56pm Mar 2, 2013 1:56pm
I'm studying here too. Thanks C-12 & other traders.
I recently read an article from a profitable trader that wanted to show that moving a stop to BE is a bad idea. He took 4 novice traders & had them place several trades. They took the trades moving the stop to BE as method 1, trailing the stop as method 2, & leaving the stop where they initially placed it. They didn't move the targets from the initial time they placed the trade. Of the 3 methods, the only one that was profitable after a certain # of trades was method 3 where they didn't touch anything & left the trade finish by hitting target or stop. I think this would be especially true if the initial stop is already so small in relation to the potential profit. Your example was perfect as it showed you might have saved 5 pips if it stopped you out but you missed out on a 30 point winner. That one trade could pay for 5 other small stop-outs.
Quoting stricky1967
Been having a crack at this on m1, thanks c-12 for this thread.

Early days yet, but I like the r:r associated with m1 and have been typically placing very tight stops.

m1 appears to allow very tight stops to be placed at the outer edges of good s&d areas if you're quick and get a decent fill the potential r:r is outstanding.

In terms of MM there's a valid argument for and against moving to break-even and I remember a couple of folk here discussing the pros and cons of a move to break-even, so thought i'd post these two interesting trades...
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