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C-12's Supply, Demand and PA thread

  • #2,061
  • Mar 3, 2013 12:20am Mar 3, 2013 12:20am
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.
Sorry to hear that. Trading FT does seem like a good option.
WARNING: Don't follow me as I'm just learning
  • #2,062
  • Mar 3, 2013 5:33am Mar 3, 2013 5:33am
Quoting srt
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...
I can see why method 3 is ending up with the best results. S/D areas can be quite big and in my opinion its your job as S/D trader to place your trades at the extremes in a particular S/D area. If you can spot these extremes you can most of the time place a tight stop while still covering the whole S/D level. When that's the case i definitely agree that you should respect this stop. This SL will avoid you getting stopped out on potential retests. A good S/D zone(especially fresh ones) will usually be respected by the first retest so its your job to cover this zone.
Besides you will be mentally devastated when a SL hit of 1-2 pips happen, just to see price moving 50+ in your anticipated direction afterwards. (unless you reentered fast).
  • #2,063
  • Mar 3, 2013 11:26pm Mar 3, 2013 11:26pm
Hey C-12,

Don't mean to bring this up again, but since you're not really pushing anything commercial, have you spoken with FF admins on getting yourself uncommercialized and this thread put in the journal section again?

I may have missed a few pages of this thread, so if you have turned into a nasty seller of forex wares, do speak up, but otherwise this thread could just be an email away from being put in it's proper spot.

I can give you Twee's email if that helps.

Just saying.
FXGears.com
  • #2,064
  • Mar 4, 2013 3:43am Mar 4, 2013 3:43am
Have you guys seen this trade manager: http://www.forexfactory.com/showthread.php?t=371147

Very nice tool, I'm trying it out a bit and really like it.
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Thoughts are things
  • #2,065
  • Edited 8:40am Mar 4, 2013 4:53am | Edited 8:40am
Quoting Jack_Larkin
Hey C-12,

Don't mean to bring this up again, but since you're not really pushing anything commercial, have you spoken with FF admins on getting yourself uncommercialized and this thread put in the journal section again?
This was the reply I had from Twee.

I didn't read this email until yesterday and it was sent a month ago. I may have aggravated the situation further by submitting multiple contact forms about the issue.

I do appreciate Twee's response since I do plug AG a lot but for good reason... But still, there is nothing commercial about it.

"Hi C-12,

Thank you for contacting me and yes your status was “commercialized” because of your excessive promotion of www.acegazzette.com. This site appears to be an organized, well established site at this point, with a community, forums etc. The main issue here is that one of the goals of this site is to gain a member base, something that would be and conflict of interest to the members of Forex Factory.

To be honest it would be a stretch to change your membership status back to a regular member due to the numerous times you have sited acegazzette as well as your admission of your participation with the site. I wish there were more I could do, but I am all ears my friend! I look forward to hearing from you.

Cheers and trade well,

Twee"
  • #2,066
  • Mar 4, 2013 4:56am Mar 4, 2013 4:56am
Quoting Quezoy
Have you guys seen this trade manager: http://www.forexfactory.com/showthread.php?t=371147

Very nice tool, I'm trying it out a bit and really like it.
I like this as well, apart from the flickering buttons and not being able to open multiple tickets with it. One thing I liked about Z was the ability to close tickets with one click.
  • #2,067
  • Mar 4, 2013 4:59am Mar 4, 2013 4:59am
Did catch some EU pips from late Friday and got up late today to close some off. Upper horizontal levels are interesting.

Will be back in business on Wednesday.
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  • #2,068
  • Mar 4, 2013 10:08am Mar 4, 2013 10:08am
Not a single good setup happening today ;( Few S/D setups but they weren't worth the risk.
Flat.
  • #2,069
  • Mar 4, 2013 10:15am Mar 4, 2013 10:15am
Quoting Robertk
Not a single good setup happening today ;( Few S/D setups but they weren't worth the risk.
Flat.
Yep, typical dead Monday after a big move on Friday. Not had a good browse through the news calendar yet but I've still got a long on GU running from the bounce off 1.50.
  • #2,070
  • Mar 4, 2013 10:17am Mar 4, 2013 10:17am
Quoting srt
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...

Absolutely right...
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #2,071
  • Mar 4, 2013 11:57am Mar 4, 2013 11:57am
Very boring trading day.

First sunny days this year so I used the day to get off the computer during NY session since we had such low volatility.

Weve got some PMI data coming out as well as the Cash Rate statement of Australia.
  • #2,072
  • Mar 4, 2013 12:23pm Mar 4, 2013 12:23pm
Quoting Infest
Very boring trading day.

First sunny days this year so I used the day to get off the computer during NY session since we had such low volatility.

Weve got some PMI data coming out as well as the Cash Rate statement of Australia.
Was thinking the same think today. Had the windows open for the first time. Be wearing shorts while trading soon.

Happy days.
  • #2,073
  • Mar 4, 2013 7:52pm Mar 4, 2013 7:52pm
Caught this earlier. Was watching the charts at work.
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  • #2,074
  • Mar 6, 2013 3:45am Mar 6, 2013 3:45am
AUDJPY supply & entry. Hoping for a runner from this pair .

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  • #2,075
  • Mar 6, 2013 4:17am Mar 6, 2013 4:17am
UJ. Supply & reaction.

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  • #2,076
  • Mar 6, 2013 9:55am Mar 6, 2013 9:55am
Some EU
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  • #2,077
  • Mar 8, 2013 5:20am Mar 8, 2013 5:20am
M1 action..
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  • #2,078
  • Mar 8, 2013 10:58am Mar 8, 2013 10:58am
First trade in Tokyo turned out well. Made about 60 pips out of it However,order had huge slippage. I was not able to set SL-TP-partiall profit #1 because of it. Had to close the position right away just to be sure of maintaining the maximum drawdown. News-NFP was in my favor on this one..

http://i46.tinypic.com/2cwpn9l.gif
  • #2,079
  • Mar 8, 2013 11:21am Mar 8, 2013 11:21am
http://gyazo.com/0333b94ee6f13bf525b45f670a571920.png
  • #2,080
  • Mar 8, 2013 11:41am Mar 8, 2013 11:41am
C-12 which of these indies projects these horizontal lines on your charts? youve posted another screen on ace with a with background and blue and red horizontal lines.

What do they project and what indi is it?
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