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C-12's Supply, Demand and PA thread

  • #3,461
  • Apr 21, 2016 3:52pm Apr 21, 2016 3:52pm
Awesome stuff Dave. Great to see that Ken's still around. I remember his military style rants on Skype due to my horrendous discipline back in the day!

To be honest I was nowhere near ready to be a full-time trader back in 2013. I was completely off my head thinking I could out-trade the market on M1 / M5 and taking 100+ entries per day.. It was good fun though but I learned some serious hard lessons.

The last few months have been great getting back into things, it's in the blood. Once I've come back from Thailand next month I might have to join you guys and get serious again to prepare for a live account (a small one this time).

I also made a complete mess of NZDCAD. I don't post these on here that often but they sure happen more than I would like!
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  • #3,462
  • Apr 21, 2016 4:19pm Apr 21, 2016 4:19pm
Quoting Dave987c
Most SD traders are gagging to get in when we reach HTF SD and whilst they can still make money taking touch trades, sub categorising the HTF level allows a more controlled approach and in my view more importantly, can keep you out of entries that look amazing at first glance but infact are low probability.
I'm still guilty of this.

Although I totally realise HTF levels and trends are the real keys to getting this right. Ken was always the master at being on the right side of these moves and not always picking tops and bottoms as soon as price hits the zone. Price always retests so you can get safer entries by being patient.
  • #3,463
  • Apr 21, 2016 6:02pm Apr 21, 2016 6:02pm
dissecting your chart

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  • #3,464
  • Apr 22, 2016 9:39am Apr 22, 2016 9:39am
Quoting Dave987c
Hello mate yeh i'm good thanks... yep still in the game, get rich or die trying u know how it is. Still hate being an employee bitch so trying to get my trading to match my daily grind income. I'm still trading quite a bit, i'm active still over at AG and in a good group there. Ken still amazing us regularly - i'm in a great group and he's teaching us many of the unexplainables. Stuff that i just wouldn't gather on my own and you know how long i've been trying. I would say the biggest lesson I've learnt is related to HTF structure. I...
Nice stuff
  • #3,465
  • Apr 26, 2016 2:55am Apr 26, 2016 2:55am
Some EU and GU scalps on M15 and M30
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  • #3,466
  • Apr 26, 2016 3:26am Apr 26, 2016 3:26am
Got a few more. Now better get my ass to work.

Last scalp buys just based on S/R
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  • #3,467
  • Apr 26, 2016 7:39am Apr 26, 2016 7:39am
Some more, just got home for lunch. Buys were very easy.
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  • #3,468
  • Apr 26, 2016 9:34am Apr 26, 2016 9:34am
Nice trades bud... hitting some decent sizes too. was your reasoning based on the SR? I need to start scalping EU and GU. I spend my days on the Dax at the mo.
  • #3,469
  • Apr 26, 2016 11:27am Apr 26, 2016 11:27am
Cheers Dave. I was digging through my old folder of Ken's scalps and got some inspiration. I may post them on here as they are awesome!

I can remember he would scalp solely off an M30 chart (with H4 as the higher TF) and not look at M5/M1 at all.

Here's the clean M30 chart. I think I could have done even better if I just stuck to M30 rather than flicking back to M5....

Unfortunately scalps need babying so not something you can do around a full-time job!
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  • #3,470
  • Apr 26, 2016 11:41am Apr 26, 2016 11:41am
Also look at the USDX which is good for EU scalping .. Amazing how these zones work out like this, especially M30 seems to provide very accurate levels for some reason.
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  • #3,471
  • Edited 6:51pm Apr 26, 2016 6:28pm | Edited 6:51pm
AUD/USD and NZD/USD were great examples of price breaking above a range and coming back to retest resistance, giving us a higher probability long than just buying at support after that minor downtrend. we don't just want to enter trades, we want the best trades.
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plan your trade and trade your plan really applies here. price was at the 77.000 support level on aud and 68.500 level on nzd; so what do we expect to happen ?

if we have a long bias then we want to see a long confirmation which came in form of the above break and re-test. if price breaks below the support then we wait for a retrace, prior support becomes resistance and we look for sells. YOU WANT TO BE ANTICIPATING WHAT PRICE WILL DO AT S&R LEVELS AND HAVE A PLAN FOR IT INSTEAD OF JUST REACTING TO PRICE MOVEMENT AS IT UNFOLDS.

thanks so much c-12, marco and all the others who post here for showing us what's possible. it's getting easier.

if you took on entries on the 5 min chart, between NZD/USD, AUD/USD, EUR/USD and USD/CAD there was potential for over 7% just today alone. focus on the process and profits will follow, and boy do they come! Also watch out for FOMC tomorrow.
  • #3,472
  • Apr 27, 2016 1:26am Apr 27, 2016 1:26am
Quoting C-12
Cheers Dave. I was digging through my old folder of Ken's scalps and got some inspiration. I may post them on here as they are awesome! I can remember he would scalp solely off an M30 chart (with H4 as the higher TF) and not look at M5/M1 at all. Here's the clean M30 chart. I think I could have done even better if I just stuck to M30 rather than flicking back to M5.... Unfortunately scalps need babying so not something you can do around a full-time job! {image}
I have also saved tons of Ken's stuff. He was/is really an inspiring trader who makes trading look like an art.

Is your USDX from a demo account or a live feed? I have no access to a mt4 USDX demo feed anymore since Admiral Markets changed their demo account offer.
Maybe somebody has a recommendation?
  • #3,473
  • Apr 27, 2016 2:50am Apr 27, 2016 2:50am
Quoting MCFly
{quote} I have also saved tons of Ken's stuff. He was/is really an inspiring trader who makes trading look like an art. Is your USDX from a demo account or a live feed? I have no access to a mt4 USDX demo feed anymore since Admiral Markets changed their demo account offer. Maybe somebody has a recommendation?
I use Admiral Markets demo account. It expires every now and again but easy to renew.
  • #3,474
  • Edited 3:04am Apr 27, 2016 2:53am | Edited 3:04am
Quoting 4hourtrader
AUD/USD and NZD/USD were great examples of price breaking above a range and coming back to retest resistance, giving us a higher probability long than just buying at support after that minor downtrend.
There was an even better one above it after price reacted off daily supply but they can sure work in both directions on swing and scalp.
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  • #3,475
  • Apr 27, 2016 2:59am Apr 27, 2016 2:59am
Some more on the EU scalp side now back into M30 supply but against short term uptrend.
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  • #3,476
  • Apr 27, 2016 3:23am Apr 27, 2016 3:23am
GU missed my upper limit orders but got some decent M15 PA... Higher TF on here is very interesting.
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  • #3,477
  • Apr 27, 2016 4:18am Apr 27, 2016 4:18am
Never give back...

EURUSD after engulf.................

Engulf form at M30 at near yesterday high of daily TF..I didn't thought what to do .... i simply sold it.
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  • #3,478
  • Apr 27, 2016 4:31am Apr 27, 2016 4:31am
What this suggest? at last week low...... and in a zone

Bullish Three Inside Up :
Ken used to say The third candle of three inside up candlestick pattern provides that confirmation.
Buying on close of third candle may not be such a good idea at all times. There may be some profit taking after the third candle which may offer better entry opportunity.
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  • #3,479
  • Apr 27, 2016 6:03am Apr 27, 2016 6:03am
Quoting C-12
{quote} I use Admiral Markets demo account. It expires every now and again but easy to renew.
That's strange. When they took the old servers offline I downloaded the new mt4 file from their homepage. After I have installed mt4 there was no USDX anymore which was the reason why I have kicked it from my hard drive.
  • #3,480
  • Apr 27, 2016 6:15am Apr 27, 2016 6:15am
Quoting MCFly
{quote} That's strange. When they took the old servers offline I downloaded the new mt4 file from their homepage. After I have installed mt4 there was no USDX anymore which was the reason why I have kicked it from my hard drive.

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