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C-12's Supply, Demand and PA thread

  • #2,421
  • Edited 4:04am Jun 7, 2013 3:54am | Edited 4:04am
Quoting shadowpipper
{quote} hi c-12, very nice trades as usual. been a loyal fan of your thread just curious about your trading today, did you take any trades/scalps off eu and gu? im asking because it seems like your intraday scalps are mainly focused on these 2 pairs. and today was a trendy day on both eu and gu with the us dollar tanking. was curious if you took any trades off them as it was hard for me to sneak in good classic SD trades in such conditions. hope you do not mind my questions, thx a lot mate!
I took a couple of counter stabs earlier in the session but the higher time frame was clearly up. The problem is on days like that is finding an entry (or risk get burned picking counter scalps). Best to stand aside imo.

I switched over to AU and UCAD since the levels were much cleaner to get onboard the moves.
  • #2,422
  • Jun 7, 2013 4:01am Jun 7, 2013 4:01am
Quoting caj1986
Hi C-12, I'm a supply/demand trader myself so always follow the various threads on FF. Just curious as to these entries, seems to me that none of them are off of a supply/demand level as determined by the indicator boxes. Do you use them more as a guideline and then look for pullbacks near/around them instead? I personally trade off of the actual levels themselves.
I think the reason why many S&D traders struggle is the static nature of just taking a level blindly and sticking a stop loss behind it. Eventually you'll get frustrated with this.

A lot of my entries may seen strange at times since I'm taking trades off multiple time frames and watching PA in and around zones (inc USDX). Also I'm always looking for fresh supply and demand levels as they form. I try to learn from Kenny over at Ace Gazette who is far better at this than me!
  • #2,423
  • Jun 7, 2013 6:29am Jun 7, 2013 6:29am
Quoting C-12
{quote} I think the reason why many S&D traders struggle is the static nature of just taking a level blindly and sticking a stop loss behind it. Eventually you'll get frustrated with this. A lot of my entries may seen strange at times since I'm taking trades off multiple time frames and watching PA in and around zones (inc USDX). Also I'm always looking for fresh supply and demand levels as they form. I try to learn from Kenny over at Ace Gazette who is far better at this than me!

Could you please explain a little bit more about how you use the USDX, please?

Thanks
  • #2,424
  • Jun 7, 2013 6:39am Jun 7, 2013 6:39am
Quoting 4Xfactor
{quote} Could you please explain a little bit more about how you use the USDX, please? Thanks
Basically it's the inverse of the EU, so you can watch for supply and demand levels that line up on both EU and DX and it adds a confluence.
  • #2,425
  • Jun 7, 2013 10:17am Jun 7, 2013 10:17am
Couple of NFP bits.
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  • #2,426
  • Jun 7, 2013 10:28am Jun 7, 2013 10:28am
UCAD swings.
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  • #2,427
  • Jun 7, 2013 9:08pm Jun 7, 2013 9:08pm
Swings
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  • #2,428
  • Jun 10, 2013 3:06pm Jun 10, 2013 3:06pm
london open can often produce nice fresh levels that get revisited later the day for more accumulation

http://clip2net.com/clip/m0/1370894063-clip-26kb.png
  • #2,429
  • Jun 10, 2013 7:30pm Jun 10, 2013 7:30pm
Not much action today with having to work but was hoping for oz to fill gap but didn't have the legs.
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  • #2,430
  • Jun 11, 2013 7:33pm Jun 11, 2013 7:33pm
Some more scalp type trades
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  • #2,431
  • Jun 11, 2013 7:35pm Jun 11, 2013 7:35pm
EU scalps.
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  • #2,432
  • Jun 12, 2013 3:22am Jun 12, 2013 3:22am
Quoting C-12
EU scalps. {image}

Hey C12

In this EU Scalp the Gold line is that there because of the support from the two previous highs and do you put a alarm on that.
  • #2,433
  • Jun 12, 2013 4:26am Jun 12, 2013 4:26am
Quoting boyzi
{quote} Hey C12 In this EU Scalp the Gold line is that there because of the support from the two previous highs and do you put a alarm on that.
it's an S/R area that lined up very nicely with an M30 level. Bit of a premature exit on EJ, accidental close but may not have been the worst idea..
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  • #2,434
  • Jun 12, 2013 5:01am Jun 12, 2013 5:01am
NU swing style effort worked out.
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  • #2,435
  • Jun 12, 2013 5:17am Jun 12, 2013 5:17am
Quoting C-12
{quote} it's an S/R area that lined up very nicely with an M30 level. Bit of a premature exit on EJ, accidental close but may not have been the worst idea.. {image}

All those sell trades you made on the EJ was your SL above the massive resistance zone? i'm curious why you took so many?
  • #2,436
  • Jun 12, 2013 5:22am Jun 12, 2013 5:22am
Quoting boyzi
{quote} All those sell trades you made on the EJ was your SL above the massive resistance zone? i'm curious why you took so many?
Stacked levels but I entered a bit too early, if I was watching UJ I'd have realised that upper level was most likely to hold.
  • #2,437
  • Jun 12, 2013 5:24am Jun 12, 2013 5:24am
Quoting C-12
{quote} Stacked levels but I entered a bit too early, if I was watching UJ I'd have realised that upper level was most likely to hold.

What do you mean by stacked levels?
  • #2,438
  • Jun 12, 2013 5:30am Jun 12, 2013 5:30am
Quoting C-12
NU swing style effort worked out. {image}

This NZ/US trade how large was your SL? Sorry for all the questions i'm really trying to get my head around the way you trade i can see what your doing but i'm not able to execute so thoroughly . I think it might have to do with me using a static 10 pip SL and getting BURNT like there's no tomorrow.
  • #2,439
  • Jun 12, 2013 5:31am Jun 12, 2013 5:31am
Quoting boyzi
{quote} What do you mean by stacked levels?
Where you've got a supply level and another one just above it. If first one fails it's very rare for the 2nd one to. You can treat them as just one large level.
  • #2,440
  • Jun 12, 2013 5:34am Jun 12, 2013 5:34am
Quoting boyzi
{quote} This NZ/US trade how large was your SL? Sorry for all the questions i'm really trying to get my head around the way you trade i can see what your doing but i'm not able to execute so thoroughly . I think it might have to do with me using a static 10 pip SL and getting BURNT like there's no tomorrow.
10 pip SL is fine for M5 scalps but for for H1 or H4 then much wider is needed. For swings sometimes even 80+ pips might be needed.

That NU had around a 50 pip stop but I got it to BE after price took out nearest level.
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