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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

  • #3,301
  • Sep 4, 2015 11:21am Sep 4, 2015 11:21am
GA might go higher but unfortunately only 1 entry...
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  • #3,302
  • Sep 4, 2015 11:25am Sep 4, 2015 11:25am
Pulled the plug on this multi day grinder...
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  • #3,303
  • Sep 6, 2015 11:23am Sep 6, 2015 11:23am
Hi, C-12,

I have been following your thread for quite a long time. I love your strategy and the entry is very easy to take.

However, the exit is the hardest part of this strategy, as you switch your time frame from M1 to H1 for large swing,

would you mind to let me know the strategy how you exit the trades to maximize the profit? like any tools? or pure price action?

also, you took many orders, you take all retest trades when the price bak to the zone? hows the trade management, seems very hard.

looking forward to your advice!
Thanks a lot!
  • #3,304
  • Sep 6, 2015 2:28pm Sep 6, 2015 2:28pm
Quoting wongsiio
Hi, C-12, I have been following your thread for quite a long time. I love your strategy and the entry is very easy to take. However, the exit is the hardest part of this strategy, as you switch your time frame from M1 to H1 for large swing, would you mind to let me know the strategy how you exit the trades to maximize the profit? like any tools? or pure price action? also, you took many orders, you take all retest trades when the price bak to the zone? hows the trade management, seems very hard. looking forward to your advice! Thanks a lot!
I think it's a good idea to look at risk / reward ratios for exits. If you get 2 or 3 to 1 in favour then take the exit.

Sometimes PA will develop in your direction so you can hold on longer. I like to take 3 entries and leave 1 position on to run if Daily / H4 PA is promising.

Unfortunately I'm not much a rules trader so I sometimes will take retests of levels, sometimes not. It's mainly about what I think about the overall direction on higher time-frame. As far as tools it's just zones and PA.

I don't recommend anyone trading off M1 for sanity reasons.
  • #3,305
  • Sep 8, 2015 10:03am Sep 8, 2015 10:03am
Quoting C-12
{quote} I think it's a good idea to look at risk / reward ratios for exits. If you get 2 or 3 to 1 in favour then take the exit. Sometimes PA will develop in your direction so you can hold on longer. I like to take 3 entries and leave 1 position on to run if Daily / H4 PA is promising. Unfortunately I'm not much a rules trader so I sometimes will take retests of levels, sometimes not. It's mainly about what I think about the overall direction on higher time-frame. As far as tools it's just zones and PA. I don't recommend anyone trading off M1 for...

Thanks for your reply! I wonder how you set the initial stop loss on H1, do you usually set it above the supply zone or below the demand zone a bit?

And when you usually will move your stop to breakeven? like when it reaches to 1:1 risk to reward?

I like your trading style, however, I am living in asia and i cant trade half of Euro trading time, you think I still can trade this strategy?

May I ask when most of your trades occur? during what time? I am thinking to trade the H1 like you do and monitor more pairs to compensate the less trading hours.

Thanks again!
  • #3,306
  • Sep 11, 2015 6:42am Sep 11, 2015 6:42am
Quoting C-12
UCAD was pretty tidy. {image}
C-12,
This one make me puzzled,
daily zone looks pretty bad to take short, we just keep engulfing upward

and still you took it on 1h chart short and grabbed 100 pips~

I am confused...
  • #3,307
  • Sep 11, 2015 7:51am Sep 11, 2015 7:51am
Just took this one on a demo account,
swap on D1
and H1 gives me new Supply/Resistance areas.
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  • #3,308
  • Sep 11, 2015 9:33am Sep 11, 2015 9:33am
GU is another confirmation for my GJ,
also S/R level, I took the fresh supply zone as entry and it's retest for second position.

(zoomed out image so you can feel the daily chart S/R)
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  • #3,309
  • Sep 11, 2015 7:25pm Sep 11, 2015 7:25pm
Been on holiday for a week so had wrapped up most swings.

This one I had high hopes for and didn't disappoint.
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  • #3,310
  • Sep 11, 2015 7:29pm Sep 11, 2015 7:29pm
Quoting Irad
GU is another confirmation for my GJ, also S/R level, I took the fresh supply zone as entry and it's retest for second position. (zoomed out image so you can feel the daily chart S/R) {image}
This could work out nicely but I'd be careful here as GU has established fresh daily demand with PA.
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  • #3,311
  • Sep 11, 2015 8:18pm Sep 11, 2015 8:18pm
Quoting C-12
{quote} This could work out nicely but I'd be careful here as GU has established fresh daily demand with PA. {image}

Bit of a "flip" area around 1.5340.
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  • #3,312
  • Sep 14, 2015 1:15pm Sep 14, 2015 1:15pm
Quoting C-12
{quote} This could work out nicely but I'd be careful here as GU has established fresh daily demand with PA. {image}
Nice, thanks,

Are you looking at longs in that situation or just play on the sidelines?
  • #3,313
  • Sep 15, 2015 11:17am Sep 15, 2015 11:17am
I wonder where this one will end
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  • #3,314
  • Sep 16, 2015 8:58am Sep 16, 2015 8:58am
Quoting Irad
I wonder where this one will end {image} {image}
pretty nice following this trade progressing,
especially because it was 1-2 pips from my SL and removed previous demand level.
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  • #3,315
  • Sep 16, 2015 11:30am Sep 16, 2015 11:30am
Quoting Irad
{quote} pretty nice following this trade progressing, especially because it was 1-2 pips from my SL and removed previous demand level. {image}
Nice work. Just remember that GU never plays fair.
  • #3,316
  • Sep 16, 2015 11:31am Sep 16, 2015 11:31am
AU closed - did exactly what was hoped for.
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  • #3,317
  • Sep 16, 2015 11:36am Sep 16, 2015 11:36am
Quoting Irad
{quote} C-12, This one make me puzzled, daily zone looks pretty bad to take short, we just keep engulfing upward and still you took it on 1h chart short and grabbed 100 pips~ I am confused...
I'm still in this one. It's what you might call the 'long game'...
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  • #3,318
  • Sep 16, 2015 11:49am Sep 16, 2015 11:49am
Quoting Irad
{quote} Nice, thanks, Are you looking at longs in that situation or just play on the sidelines?
To answer the question. I was sidelines looking for some PA to go long (closer to newly formed daily demand).

Unfortunately I didn't get my entry but looks like you did.
  • #3,319
  • Sep 16, 2015 12:49pm Sep 16, 2015 12:49pm
Quoting C-12
{quote} To answer the question. I was sidelines looking for some PA to go long (closer to newly formed daily demand). Unfortunately I didn't get my entry but looks like you did.
Ah,
I was talking about UCAD, not GU,

from the daily I am not surely understand why you took shorts/look for shorts,

anyway I hate USDCAD more than GBPUSD
I always think twice before going into that rollercoaster.
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  • #3,320
  • Sep 16, 2015 1:32pm Sep 16, 2015 1:32pm
Quoting Irad
{quote} Ah, I was talking about UCAD, not GU, from the daily I am not surely understand why you took shorts/look for shorts, anyway I hate USDCAD more than GBPUSD I always think twice before going into that rollercoaster. {image}
Oh right yes, UCAD was showing a daily and weekly supply level (on S&D indi). In hindsight it wasn't really amazing supply.

I saw H1 PA and jumped in with a tight stop, then flicked to H4 / Daily and saw a fresh zone form with PA which gave me confidence it was good.
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