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C-12's Supply, Demand and PA thread

  • #2,241
  • Mar 28, 2013 12:38pm Mar 28, 2013 12:38pm
same trade, but stopped out

next time no SL at the top of the last engulf -.-

http://gyazo.com/9c8d815b24f48a2af8ad35dc111f094f.png
  • #2,242
  • Mar 30, 2013 11:44am Mar 30, 2013 11:44am
Quoting Dave987c
i've burnt myself by taking any notice of ATR. now i don't care about that. I'm heavily bearish the EU due to monthly engulf south with nothing much to stop it down to 1.23 (prob a bounce at 1.27)
I no longer look for reversals with ATR but I still think it is a useful indicator.

If price spends most of it's time ranging for 60-70 pips with the occasional 150+ pip move, it makes no sense to look for reversals at the 102 ATR for example.

Although, if price breaks out of a range and makes a strong move in a particular direction then it's useful to see the probable chances of further advancement and keep you in a position.
  • #2,243
  • Mar 30, 2013 10:10pm Mar 30, 2013 10:10pm
Quoting C-12
Some EU scalps
Hello C-12:


Can you tell me what time zone your MT4 charting software is set to ?


On your post# 2,237, “Some EU scalps” . The chart shows a low at 12:56, 1.27931 which I think s/b 13:56 London time. I am assuming your MT4 is set for GMT 0. But maybe not. Please explain.


Thanks


Borg
May the Forex be with you.
  • #2,244
  • Mar 31, 2013 9:45am Mar 31, 2013 9:45am
Quoting Borg
Hello C-12: Can you tell me what time zone your MT4 charting software is set to ? On your post# 2,237, “Some EU scalps” . The chart shows a low at 12:56, 1.27931 which I think s/b 13:56 London time. I am assuming your MT4 is set for GMT 0. But maybe not. Please explain. Thanks Borg
Yep this broker uses GMT 0 offset. It's not too important but I do like using GMT candles in general when trading the London session, specifically H4.
  • #2,245
  • Mar 31, 2013 2:26pm Mar 31, 2013 2:26pm
Quoting Infest
same trade, but stopped out next time no SL at the top of the last engulf -.- http://gyazo.com/9c8d815b24f48a2af8ad35dc111f094f.png
Hello C-12:


Thank you for your amazing thread. You are doing what most people say is impossible – Cheers.


Can you tell me what the significance of the red and green dots on the charts mean ? Are they entry points or do they simply mark highs and lows ?


Also on the EURUSD 1 min, 3-28-2013 there was a 07:43 low at 1.27833. This low also appeared on the 5 min, 15 min and 30 min charts. The 8:50 bar punched right through this level and price ran down to a 08:58 Low 1.27553 which is 28 pips in 8 minutes. Price seemed to start reacting to the 7:43 low level on the 1 min chart at 8:47, going up a few bars before zooming down. Also the move down to the 7:43 low level from the 8:15 high was not that steep, suggesting to me that there was not much bearishness in the move down. From what I'm understood so far from your posts you watch for prices to approach previous high and low levels and then you watch how price reacts there. Was there enough of a reaction at that level to warrant going long ? Please explain.


Borg
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May the Forex be with you.
  • #2,246
  • Apr 1, 2013 8:26am Apr 1, 2013 8:26am
bored of this. closed for 920
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  • #2,247
  • Apr 1, 2013 10:44am Apr 1, 2013 10:44am
Quoting Dave987c
bored of this. closed for 920 {image}
only time this happens is when I dig out an old demo account and realise I've I left trades on.. I should dig em out and see what I can find. ;-)
  • #2,248
  • Apr 1, 2013 11:40am Apr 1, 2013 11:40am
EUR/USD on m5 quick trade to h4 sz.
I've seen this setup before... deja vu?
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  • #2,249
  • Apr 2, 2013 7:12am Apr 2, 2013 7:12am
Hi All,
Short EUROCAD M5

cheers
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  • #2,250
  • Apr 2, 2013 7:21am Apr 2, 2013 7:21am
CADCHF M5 ... M5...
buy set up ..
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  • #2,251
  • Apr 3, 2013 3:53am Apr 3, 2013 3:53am
Getting ready and packing for a 3 week trip to Thailand but managed to catch this.
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  • #2,252
  • Apr 3, 2013 3:57am Apr 3, 2013 3:57am
Got some GU but missed the news drop.. Asleep at the wheel.

Took a bit off premature and leave the rest to run.
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  • #2,253
  • Apr 3, 2013 4:02am Apr 3, 2013 4:02am
Quoting C-12
Getting ready and packing for a 3 week trip to Thailand but managed to catch this. {image}
Jammy sod.

Used to winter over there every year a few years back. Amazing country.

Hottest time of the year to be going BTW.
  • #2,254
  • Apr 3, 2013 4:23am Apr 3, 2013 4:23am
Quoting neil324
Jammy sod. Used to winter over there every year a few years back. Amazing country. Hottest time of the year to be going BTW.
lol yeah, it's 39 degress C in Bangkok today.. Pretty toasty.

Well, I banked EU scalp longs in spite of bullish H4 PA. Took a couple of stabs on the short side.
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  • #2,255
  • Apr 3, 2013 4:26am Apr 3, 2013 4:26am
caught the uj but didn't get the way back up.... wasn't watching
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  • #2,256
  • Apr 3, 2013 4:30am Apr 3, 2013 4:30am
Quoting Dave987c
caught the uj but didn't get the way back up.... wasn't watching {image}
It was a great catch. You don't many tighter entries than that.
  • #2,257
  • Apr 3, 2013 4:49am Apr 3, 2013 4:49am
Quoting C-12
It was a great catch. You don't many tighter entries than that.
yeh one for the scrapbook... have found my entries getting a lot more accurate since i've been looking back over history at the pa flips. have a good hol - jealous!
  • #2,258
  • Apr 3, 2013 4:51am Apr 3, 2013 4:51am
Quoting Dave987c
yeh one for the scrapbook... have found my entries getting a lot more accurate since i've been looking back over history at the pa flips. have a good hol - jealous!
also slightly front running really decent levs.... noticed Red talks about trades turning before levs implying very high S. so i've been going a tad lower than higher tf decent drops
  • #2,259
  • Apr 3, 2013 6:58am Apr 3, 2013 6:58am
Back in on the long side EU.. prior shorts got BE and didn't chase them.
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  • #2,260
  • Apr 3, 2013 7:17am Apr 3, 2013 7:17am
The main focus even when scalping.
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