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C-12's Supply, Demand and PA thread

  • #3,261
  • Aug 21, 2015 1:43pm Aug 21, 2015 1:43pm
Quoting NakedTraderX
{quote} Great point! At the beginning of this month, I promised myself that I would trade higher TF zones with M15/M30 TF for confirmation (like you mentioned earlier in this thread). Yet, as trades worked out in my favor, I got cocky and went back to watching and trading lower TF charts. Not surprisingly, I had a losing week. Thanks again for your posts. C-12.
In a ranging market almost any zone will work. When the market decides to make a break you need to be very aware of the higher time-frame action (I'm just as guilty). Lower TF zones against the break can get smashed to pieces.

One of the thing Ken was very good at was switching from range play (both directions) to fast trending (in one way).

You have to be able adapt to all situations. This is the first week in over a month that the market has decided to really break in one direction. It's now the end of summer and liquidity has returned to the market.
  • #3,262
  • Aug 21, 2015 1:46pm Aug 21, 2015 1:46pm
Also, just because a pair has moved 400 pips in one direction doesn't mean it has to bounce the other way.

Price can keep going and going so can be a dangerous for top and bottom pickers on lower time frame charts so the Daily TF becomes very important.
  • #3,263
  • Aug 21, 2015 1:58pm Aug 21, 2015 1:58pm
Quoting C-12
{quote} In a ranging market almost any zone will work. When the market decides to make a break you need to be very aware of the higher time-frame action (I'm just as guilty). Lower TF zones against the break can get smashed to pieces. One of the thing Ken was very good at was switching from range play (both directions) to fast trending (in one way). You have to be able adapt to all situations. This is the first week in over a month that the market has decided to really break in one direction. It's now the end of summer and liquidity has returned...
The ability to switch can make a crucial difference and I hope to be able to do that someday. The best lessons are learnt from painful, losing trades, I guess. So, I have plenty of material in my trade history to learn from!

Have a great weekend, C-12.
  • #3,264
  • Aug 23, 2015 4:12am Aug 23, 2015 4:12am
EURUSD Bigger Picture, Will Bulls Defend?
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  • #3,265
  • Aug 24, 2015 1:20pm Aug 24, 2015 1:20pm
Seriously......
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  • #3,266
  • Aug 24, 2015 1:21pm Aug 24, 2015 1:21pm
Why TP's were not set I have no idea..... almost 2,000 pips vertical and banked zero.
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  • #3,267
  • Aug 24, 2015 1:36pm Aug 24, 2015 1:36pm
Bit more like it.

Quoting C-12
ACAD anyone? H4 {image}
...........
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  • #3,268
  • Aug 24, 2015 1:42pm Aug 24, 2015 1:42pm
Quoting C-12
Why TP's were not set I have no idea..... almost 2,000 pips vertical and banked zero. {image}
I would probably end up with some broken toes from kicking everything sight.

Btw, have been going through this thread from the beginning since yesterday (on page 62 currently). You are freakishly good at this trading thing. Keep it up.
  • #3,269
  • Aug 24, 2015 1:48pm Aug 24, 2015 1:48pm
Quoting Yaad
{quote} I would probably end up with some broken toes from kicking everything sight. Btw, have been going through this thread from the beginning since yesterday (on page 62 currently). You are freakishly good at this trading thing. Keep it up.
Glad to hear you're enjoying the thread. It's an interesting read of my journey about my failed full-time trading attempt.

My entries are quite often pretty good, my discipline is horrendous. Hopefully a few people can pick up some good ideas here.
  • #3,270
  • Aug 24, 2015 4:37pm Aug 24, 2015 4:37pm
Quoting marc2014
EURUSD Bigger Picture, Will Bulls Defend? {image}
Good job C12. Marc, thanks for your chart. What is the significance of the price action you have shaded in blue on the left? Thanks, GB.
'Fail to plan, plan to fail'
  • #3,271
  • Aug 25, 2015 11:20am Aug 25, 2015 11:20am
Quoting Guitarbloke
{quote} Good job C12. Marc, thanks for your chart. What is the significance of the price action you have shaded in blue on the left? Thanks, GB.
​

No decent supply level. But the market since yesterday is very volatile anything can happen.
If we see a 2 day chart (Yesterday and todays Candlestick) we can see a decent bears. Failing the top 1.1465x area.
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  • #3,272
  • Aug 25, 2015 11:24am Aug 25, 2015 11:24am
USDCHF CHART. Trying to hold for longer terms.
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  • #3,273
  • Aug 25, 2015 11:28am Aug 25, 2015 11:28am
Gold, Reaction on Fresh Supply Level with Engulf took short.
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  • #3,274
  • Aug 25, 2015 2:50pm Aug 25, 2015 2:50pm
hi c12 I've decided I'm going to start scalping daily like how you started off , I've got my chart setup how ken recommended and i know how to draw the zones manually if needs be , i reread your thread and what I'm trying to get my head around is using higher timeframes for direction exactly how you did which was h4/h30 i believe and m1-m5 for entry, would you wait for price to bounce of a higher timeframe level and then look for pull back levels on m1-m5 and jump on or what did you do ?? and how long did you demo it for .... cheers
Quoting C-12
{quote} Glad to hear you're enjoying the thread. It's an interesting read of my journey about my failed full-time trading attempt. My entries are quite often pretty good, my discipline is horrendous. Hopefully a few people can pick up some good ideas here.
  • #3,275
  • Aug 25, 2015 5:15pm Aug 25, 2015 5:15pm
Quoting nathzcinco
hi c12 I've decided I'm going to start scalping daily like how you started off , I've got my chart setup how ken recommended and i know how to draw the zones manually if needs be , i reread your thread and what I'm trying to get my head around is using higher timeframes for direction exactly how you did which was h4/h30 i believe and m1-m5 for entry, would you wait for price to bounce of a higher timeframe level and then look for pull back levels on m1-m5 and jump on or what did you do ?? and how long did you demo it for .... cheers {quote}
Yeah you can pretty much look at H4/H1/M30 for the main direction and then drop to M5 to get tighter entries. Here's GBPUSD as an example for today.

So today you could have looked at the H1 PA for direction (red circle) and yellow line as a rough target.
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  • #3,276
  • Aug 25, 2015 5:17pm Aug 25, 2015 5:17pm
Then drop to M5 and try and get a tighter entry with this direction.

But to be honest it would have much easier to just stick on H1 and take the PA.... Less stress and hassle.

I'd probably recommend started with H1/M30 as your lower timeframe and use Daily/H4 as directional bias (but look at maybe 10 - 12 pairs)
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  • #3,277
  • Aug 25, 2015 6:33pm Aug 25, 2015 6:33pm
Quoting marc2014
{quote}​ No decent supply level. But the market since yesterday is very volatile anything can happen. If we see a 2 day chart (Yesterday and todays Candlestick) we can see a decent bears. Failing the top 1.1465x area. {image}
Thanks Marc. Good job on Gold!
'Fail to plan, plan to fail'
  • #3,278
  • Aug 26, 2015 5:46am Aug 26, 2015 5:46am
I still like the 1 minute.

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  • #3,279
  • Aug 26, 2015 6:00am Aug 26, 2015 6:00am
EURUSD
Early exit.........
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  • #3,280
  • Aug 26, 2015 10:26am Aug 26, 2015 10:26am
marc do you use the indicator to draw levels or you do them manually
Quoting marc2014
EURUSD Early exit......... {image}
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