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Attachments: C-12's Supply, Demand and PA thread
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C-12's Supply, Demand and PA thread

  • #3,121
  • Aug 6, 2015 6:20pm Aug 6, 2015 6:20pm
Hey C12. Loving the thread and appreciating all the charts posted. Is Ace gazette still operating i.e. offering membership/education? Thanks.

Gb.
'Fail to plan, plan to fail'
  • #3,122
  • Aug 7, 2015 2:12am Aug 7, 2015 2:12am
Quoting Guitarbloke
Hey C12. Loving the thread and appreciating all the charts posted. Is Ace gazette still operating i.e. offering membership/education? Thanks. Gb.
To be honest I've not heard from Ken in ages. He invited me back to AG about a year ago but I wasn't in position to dedicate any time to it. I hope he is as I had a great time there and learned loads.
  • #3,123
  • Aug 7, 2015 2:14am Aug 7, 2015 2:14am
Quoting silverpuma
yipppeeee thats a bucket load of pips on the weekly I see also on some charts you add to trades that are going your way (I like that a lot and "try" to do it as well). Do you have a rule for that? For example do you have to be so many "R" in profit before you add any additional risk and then move you stop so this added risk cannot comeback and hurt you. I like you idea of playing with additional risk when you have some R stored up as a buffer so you still end up positive. Nice!
Not sure if there's a rule for this (apart from making sure the overall risk is in check). Here's a good example of averaging into the zone and then adding after PA confirmation.

I actually think this is going lower looking at Daily PA so will hold this top one to see what happens.
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  • #3,124
  • Aug 7, 2015 3:21am Aug 7, 2015 3:21am
Quoting Guitarbloke
Hey C12. Loving the thread and appreciating all the charts posted. Is Ace gazette still operating i.e. offering membership/education? Thanks. Gb.
Yes AG is still working,Ken is still mentoring some newbies,doing live sessions with them.
But this week i'm getting malware alerts from google when trying to connect there...
Nice to see you posting again C12
  • #3,125
  • Aug 7, 2015 3:45am Aug 7, 2015 3:45am
Quoting Ryuken
{quote} Yes AG is still working,Ken is still mentoring some newbies,doing live sessions with them. But this week i'm getting malware alerts from google when trying to connect there... Nice to see you posting again C12
Thanks C and friend Ryuken. Cheers, Gb.
'Fail to plan, plan to fail'
  • #3,126
  • Aug 7, 2015 6:14am Aug 7, 2015 6:14am
Staying out of markets in big news is still making profit.

C-12 is doing a wonderful job being back to this forum again and posting his trade. This forum is breathing finally.

Cheers
  • #3,127
  • Aug 7, 2015 11:28am Aug 7, 2015 11:28am
Really enjoyed this week. It's been my best week of trading for a long long time. Absolutely smashed it.

Here are a few closers to wrap things up.
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  • #3,128
  • Aug 7, 2015 11:30am Aug 7, 2015 11:30am
All out of GN for a very nice ride. Well over 1,000 pips on this chart.
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  • #3,129
  • Aug 7, 2015 11:32am Aug 7, 2015 11:32am
GA, more of the same on H4 chart.
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  • #3,130
  • Aug 7, 2015 11:43am Aug 7, 2015 11:43am
C-12, Outstanding trading my friend, enjoy the weekend. With what looks like a very healthy Risk/Reward on the trades you posted and just accepting the losses when they come things look very promising for you.

I know a guy who has a 38% win rate (for some this would be disappointing) but has a average of 4R rewards for every 1R he loses and he is very successful (live spreadbetter on daily TF) The managing of risk is a massive part of long term success. Old mantra but so true cut the losses and let those winner run.

Keep up the good work C-12 your are an inspiration and a breath of fresh air
  • #3,131
  • Aug 7, 2015 12:07pm Aug 7, 2015 12:07pm
Cheers mate. Although it's been a great week I've got a hell of a lot of work to going forward in terms of funding my live account again.

I need to sit down this weekend and start planning ahead, specifically discipline. Overall I took too many trades this week and I need to see how things pan out in slower and choppier markets.

I like the combo of H4 for direction and a H1/M30 for entry since there's more than enough action across 16 - 20 pairs. M1 is definitely out of the window for sure!

This week was a dream for S/D traders and I hope more people get interested.
  • #3,132
  • Aug 7, 2015 1:18pm Aug 7, 2015 1:18pm
You mentioned over trading C-12. I thought about this with this method and realised it would be very easy to have too many limit orders sitting at good set ups over a range of pairs but if you had a large movement for example in the euro most or all of them could be triggered at the same time and could lead to multiple and magnified losses. That's the disadvantage of forex every pair has some degree of correlation with the others.

Maybe just cut down the number of pairs, reduces the opportunities but seems less risky. Or you could add a few indices, Oil Gold, Wheat Sugar etc from the Futures camp. I think unseen correlation can be a hidden account killer. Well, just my thinking out loud.
  • #3,133
  • Aug 7, 2015 1:39pm Aug 7, 2015 1:39pm
Yeah I have considered that I was compounding risk with so many GBP shorts. Still I needed some target practice this week and got plenty of it.

Here's one for the road. This one doesn't need much explanation.
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  • #3,134
  • Aug 7, 2015 1:51pm Aug 7, 2015 1:51pm
How about this. Can anyone see why I put limit orders here?

Unfortunately lower one didn't trigger....
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  • #3,135
  • Aug 7, 2015 2:49pm Aug 7, 2015 2:49pm
Just my thoughts. Where did you have your stops?
dont mind some of those random middle zones...
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  • #3,136
  • Aug 7, 2015 3:05pm Aug 7, 2015 3:05pm
Quoting Ryuken
Just my thoughts. Where did you have your stops? dont mind some of those random middle zones... {image}
Have a look at H4.
  • #3,137
  • Aug 7, 2015 3:12pm Aug 7, 2015 3:12pm
Ok just checked and not all H4 are the same depending on candle close but should be similar.
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  • #3,138
  • Aug 7, 2015 3:23pm Aug 7, 2015 3:23pm
Nice, i'm used to over complicating simple stuff after going through RTMs material.
I need to go back to basics.
  • #3,139
  • Aug 7, 2015 3:35pm Aug 7, 2015 3:35pm
I have found this awesome thing where you can select any major news event and see with 1 click the charts that how it reacted to the event.
It can save us some time if we plan to trade NFP like KEN.
http://www.forexpeacearmy.com/forex_...Change%20m%2Fm
  • #3,140
  • Aug 7, 2015 3:40pm Aug 7, 2015 3:40pm
Quoting Ryuken
Nice, i'm used to over complicating simple stuff after going through RTMs material. I need to go back to basics.
Oh yeah I like the RTM crew and they like to break apart an M1 or M5 chart into crazy detail.

Really though, often just a nice clean higher time-frame zone is all that's needed. Same thing with this EURNZD one. Very little analysis needed.
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