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C-12's Supply, Demand and PA thread

  • #4,101
  • Jun 27, 2016 2:07pm Jun 27, 2016 2:07pm
Quoting C-12
How about this one? lol... I guess it can get a little silly but why not. It's with trend off a M30 zone. In fact, I've doubled this demo account today doing exactly this. {image}

so what would your target be for those shorts? What are you basing your targets on for these types of scalps if not a r:r formula?
  • #4,102
  • Jun 27, 2016 2:17pm Jun 27, 2016 2:17pm
Quoting jack411
{quote} so what would your target be for those shorts? What are you basing your targets on for these types of scalps if not a r:r formula?
Target was just M5 zone below, RR was about 1.5: 1.. PA on other TF's mixed... Not the greatest trade if the day but it's a dead zone now so can easily bounce around zones in a tightening range.

Best plan for this time of day is to close up shop and do something else.

2:1 is ideal for these but I can take a 1:1 if the probability is decent. Quite a lot of times they can run a lot further when it syncs with the higher TF.

The best plan really is to overlay a few timeframes next to each other (Usually H4/M30 and M5 but can flick to H1/M15 for clarity on direction.
  • #4,103
  • Jun 27, 2016 2:27pm Jun 27, 2016 2:27pm
Quoting C-12
{quote} Target was just M5 zone below, RR was about 1.5: 1.. PA on other TF's mixed... Not the greatest trade if the day but it's a dead zone now so can easily bounce around zones in a tightening range. Best plan for this time of day is to close up shop and do something else. 2:1 is ideal for these but I can take a 1:1 if the probability is decent. Quite a lot of times they can run a lot further when it syncs with the higher TF. The best plan really is to overlay a few timeframes next to each other (Usually H4/M30 and M5 but can flick...

when you say pa on other tf is mixed, do you mean 4hr down trend, 1hr up trend, 15min sideways, 5min sideways? (just an example) How many timeframes do you want to see lined up before taking a trade? Or does that not matter, and you just look for the 4hr to tell you what direction for the day?
  • #4,104
  • Jun 27, 2016 2:34pm Jun 27, 2016 2:34pm
Quoting jack411
{quote} when you say pa on other tf is mixed, do you mean 4hr down trend, 1hr up trend, 15min sideways, 5min sideways? (just an example) How many timeframes do you want to see lined up before taking a trade? Or does that not matter, and you just look for the 4hr to tell you what direction for the day?
Usually

H4 - Direction / zones and PA
M30 - PA in direction
M5 - Engulfs in the direction of both.

If M30 isn't providing enough clarity then H1 can be helpful

Also USDX is essential - I use a full monitor for DX (same TF's).

EU At the moment H4 and M30 is stagnant. It still looks down to me but best trade liquid hours really but you can still see the M5 zones and PA playing out even now.
  • #4,105
  • Jun 27, 2016 2:44pm Jun 27, 2016 2:44pm
Last scalp sell just closed. 6 pip stop, 14 pip TP. Still got a swing buy on UCAD based off daily.

M30 does look good for lower from this PA.
Attached Image (click to enlarge)
Click to Enlarge Name: UCAD.PNG Size: 126 KB
  • #4,106
  • Jun 27, 2016 3:17pm Jun 27, 2016 3:17pm
One last thing I should mention which is key to trading any engulf setup on any time-frame.

You want to have a candle clock showing. some kind of indicator is helpful (I have two on display)... You don't always have to wait for closing candle but you need to know when it will close.

For example - You may see an M30 engulf showing up but it may only appear after 5 mins into the candle. Not a good idea to jump straight in as the PA can easily flip.

If the same PA forms at 28 mins into the candle then it's a much stronger possibility of closing correctly.
  • #4,107
  • Jun 27, 2016 3:49pm Jun 27, 2016 3:49pm
Quoting C-12
{quote} It's a tricky one this. I probably would have taken it, let it run a few pips and then get to BE, once the opposing engulf kicked in then I'd have been out ASAP and probably straight into the short if I was around (based on higher TF direction). The main problem it was counter trend but also that specific engulf was just too wide to get a safe stop in. I prefer the sell that came just after it but PA was a little messy in there at that moment.
thx for the explaination
  • #4,108
  • Jun 28, 2016 1:32pm Jun 28, 2016 1:32pm
Thanks for reply C-12! Please anyone can share this template with indicators and EA?
Please send me to private messages. I hope i will be good trader how C-12, he is best!
I am looser from Czech Republic.
  • #4,109
  • Edited 3:27pm Jun 28, 2016 2:34pm | Edited 3:27pm
Quoting Cheezy
Thanks for reply C-12! Please anyone can share this template with indicators and EA? Please send me to private messages. I hope i will be good trader how C-12, he is best! I am looser from Czech Republic.
Maybe someone has got some magic EA that's raking in millions while they sit on the beach, not to be found here I'm afraid.

This kind of trading needs a lot of study time and hard work if you're willing to put in the graft.

I've posted the indicators and templates in here quite a few times. Have a dig through the thread.
  • #4,110
  • Jun 28, 2016 2:37pm Jun 28, 2016 2:37pm
As for trading, this type of setup is great. Multiple engulfs across multiple time frames to give a nice reason to buy.

Pure SD traders would be scratching their heads why price turned there.
Attached Image (click to enlarge)
Click to Enlarge Name: EU.PNG Size: 124 KB
  • #4,111
  • Jun 28, 2016 2:39pm Jun 28, 2016 2:39pm
M1 view, it's late in the day so worth the occasional flick over.

Out of this atm.
Attached Image (click to enlarge)
Click to Enlarge Name: M1.PNG Size: 35 KB
  • #4,112
  • Jun 28, 2016 2:42pm Jun 28, 2016 2:42pm
AU. Missed the first M30 engulf but caught the better looking one.
Attached Image (click to enlarge)
Click to Enlarge Name: AU.PNG Size: 69 KB
  • #4,113
  • Jun 28, 2016 2:49pm Jun 28, 2016 2:49pm
UCAD with textbook H1 zone and PA also missed while at work... M5 got me in.
Attached Image (click to enlarge)
Click to Enlarge Name: UCAD.PNG Size: 75 KB
  • #4,114
  • Jun 28, 2016 2:53pm Jun 28, 2016 2:53pm
Quoting C-12
As for trading, this type of setup is great. Multiple engulfs across multiple time frames to give a nice reason to buy. Pure SD traders would be scratching their heads why price turned there. {image}
What was the reasoning on the hourly chart? Resistance turning to support? I can see the engulfing candles on the other charts, but the hourly isn't in a zone. So was if the flip?
  • #4,115
  • Jun 28, 2016 2:58pm Jun 28, 2016 2:58pm
Quoting jack411
{quote} What was the reasoning on the hourly chart? Resistance turning to support? I can see the engulfing candles on the other charts, but the hourly isn't in a zone. So was if the flip?
I don't really look at S/R or any technicals so can't say for sure if there was any reason on that side.. I was watching multiple pairs and all the others were showing bullish PA against the USD at good SD locations.

I was was waiting for PA to show up on EU and it sure came in strong with engulfs across the board.

DX was in supply as well.

I exited way too premature on EU... I should have realised that H1 engulf = H1 targets.
  • #4,116
  • Jun 28, 2016 3:02pm Jun 28, 2016 3:02pm
Quoting C-12
UCAD with textbook H1 zone and PA also missed while at work... M5 got me in. {image}

I don't know how you are managing so many pairs which i'm finding very difficult... Good work C12, Keep it up..
  • #4,117
  • Jun 28, 2016 3:08pm Jun 28, 2016 3:08pm
Quoting tradeforlife
{quote} I don't know how you are managing so many pairs which i'm finding very difficult... Good work C12, Keep it up..
To be honest it's a lot of flicking around. I'm virtually ready to go with the live account but I need more monitors to be more comfortable trading these pairs.

What I'm looking to do is to buy 6 x small monitors (maybe 17 inch or even smaller). 3 x 3 all in a nice compact area.

I want to have a full pair on each of those screens constantly on display.... I don't need to trade anything other than the below and they all compliment each other nicely.

1 = DX
2 = EU
3 = GU
4 = AU
5 = UCAD
6 = NU

Each pair can have 3 timeframes on them. H4/H1 -- M30/M15 - M5 and then cherry pick the setups.
  • #4,118
  • Jun 28, 2016 3:56pm Jun 28, 2016 3:56pm
Thanks C-12! I will look for download link. I see you use EA, you cant share please?
I trading manually over 4 years, still loosing. I think will EA better for me.
And sorry for my bad english.
  • #4,119
  • Jun 28, 2016 3:59pm Jun 28, 2016 3:59pm
Quoting Cheezy
Thanks C-12! I will look for download link. I see you use EA, you cant share please? I trading manually over 4 years, still loosing. I think will EA better for me. And sorry for my bad english.
Not sure what you mean about EA?

Only things I'm using is supdem II indicator, Chaos Semafor and P4L candle time and a news indi on the charts.

I'm manually clicking the buy and sell buttons myself.
  • #4,120
  • Jun 28, 2016 4:15pm Jun 28, 2016 4:15pm
Oh, sorry, on any screenshots from you look how EA trade.
You can anyone tell me on what page is download link with last version for this strategy?
I like try, i am total looser.
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