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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

  • #4,761
  • Dec 15, 2016 4:41pm Dec 15, 2016 4:41pm
Quoting C-12
{quote} No defo not a buy zone this. I was more interested in selling this and got most of it with a few premature exits along the way. {image}
Nice trading
  • #4,762
  • Dec 23, 2016 6:36am Dec 23, 2016 6:36am
I wish you tomorrow a merry christmas.
  • #4,763
  • Feb 27, 2017 2:10am Feb 27, 2017 2:10am
Hi ! i'm a beginner in forex market and i like this thread method but i don't understand some where can you give me entry rule.
what about the trend timeframe profit area ?
how we know the direction of the price.
thank you
  • #4,764
  • Feb 27, 2017 6:22am Feb 27, 2017 6:22am
Quoting mummylao
Hi ! i'm a beginner in forex market and i like this thread method but i don't understand some where can you give me entry rule. what about the trend timeframe profit area ? how we know the direction of the price. thank you
Watch this:
Identifying Swing Trading Opportunities in the Forex Market
Inserted Video

&
Go to this thread:
Price is everything http://www.forexfactory.com/showthread.php?t=230888
  • #4,765
  • Mar 2, 2017 11:57am Mar 2, 2017 11:57am
Quoting mummylao
Hi ! i'm a beginner in forex market and i like this thread method but i don't understand some where can you give me entry rule. what about the trend timeframe profit area ? how we know the direction of the price. thank you
Not really any exact criteria on entry or exit. Just freestyle PA entries with an attempt to get involved in a higher time frame direction.

Couple of EU scalps on a downtrend with a generous stop and based on the H4 rollover PA..
Attached Image (click to enlarge)
Click to Enlarge Name: RU.PNG Size: 90 KB
  • #4,766
  • Mar 23, 2017 11:50pm Mar 23, 2017 11:50pm
Quoting Ciara
{quote} Thx, mate. These lines look messy on chart as I have to zoom out to post it. But they work with charm. Indy below. Just in case u'r bored Ciara {file} {file}

Can anyone help me edit this indicator to refresh or update when the price moves away please?
when the price breaks or after a time these lines are still there and have to reapply the indicator again to make it show the latest S/R

thank you
  • #4,767
  • Apr 5, 2017 11:20am Apr 5, 2017 11:20am
Quoting marinwindsor
{quote} Can anyone help me edit this indicator to refresh or update when the price moves away please? when the price breaks or after a time these lines are still there and have to reapply the indicator again to make it show the latest S/R thank you
Stick with the zones and PA and don't worry about horizontal lines too much.
Attached Image (click to enlarge)
Click to Enlarge Name: EU.PNG Size: 111 KB
  • #4,768
  • Apr 6, 2017 2:13pm Apr 6, 2017 2:13pm
Here we go, a bit more PA. some early morning action a few locked in after lunch.. This ranging action scalps are my favs.
Attached Image (click to enlarge)
Click to Enlarge Name: EU.PNG Size: 101 KB
  • #4,769
  • Apr 7, 2017 7:21am Apr 7, 2017 7:21am
A bit of GU before I go back into FF hibernation for 6 months.
Attached Image (click to enlarge)
Click to Enlarge Name: GU.PNG Size: 44 KB
  • #4,770
  • Apr 7, 2017 10:16am Apr 7, 2017 10:16am
Nice to see your work again, thank you.
I see you use several entries for 1 operation. About your money management: Do you use variable % risk? How do you measure your initial RR? What is the weight of initial entry and rest? I would appreciate it if you could explain your money management a bit, when you plan an operation. Another question: How does it work with high TF?

Thank you very much C-12
Newbie trader
  • #4,771
  • Edited 12:54pm Apr 7, 2017 12:30pm | Edited 12:54pm
Quoting fex
Nice to see your work again, thank you. I see you use several entries for 1 operation. About your money management: Do you use variable % risk? How do you measure your initial RR? What is the weight of initial entry and rest? I would appreciate it if you could explain your money management a bit, when you plan an operation. Another question: How does it work with high TF? Thank you very much C-12
As for MM, you just need make sure the total of all positions doesn't add up to more than a preset % of account.

I think under 3% at any time is a good idea but less is definitely better.

Here is an example of sub 1% total:

10k account ---- 3 x 0.10 lots @ 30 pip stop loss = $90 total risk.

If the stop exceeds 30 pips then lower the position size or just take less entries. You don't need to be too rigid about it but there must be a total max risk you're willing to accept at any given time.

This principle would then apply to all time-frames. The bigger the stop (on higher TF) the small the position size.

The other thing is that you want to make sure all exits have at least 1:1 on first position and ideally more for the others for good RR purposes.

So eventually you calculate a fixed position size that covers all your risk under all scenarios. You can then focus on trading and discipline instead of crunching numbers.
  • #4,772
  • Apr 7, 2017 1:09pm Apr 7, 2017 1:09pm
I thank you very much for the clear explanation. Keep it up C-12, very interesting and inspiring
Newbie trader
  • #4,773
  • Apr 8, 2017 11:35am Apr 8, 2017 11:35am
Money management is a personal thing but without doubt the most important. If you ever place a trade and are nervous about the loss, it's probably too much risk.

I think a lot of people are dreaming of some kind of rags to riches outcome from forex. I was the same until I blew up some live accounts a few years ago.

Best to start with a $1k account and trade 0.01 lots to start with. If that account drops to below $700 then go back to demo for 6 months to figure things out.

Be prepared to put years of time and effort into this. Maybe it would take 5+ years screen time ... for some, maybe 10 years. For most people I would say don't even bother, since you can invest that time into more productive things.
  • #4,774
  • Apr 9, 2017 10:50am Apr 9, 2017 10:50am
Have a read of this PDF .

The Holy Grail of Trading - Risk Management by Ken Mann (KennyZ on forexfactory). It's an old one but still just a fresh as ever.

This is the best practical supply / demand trading article ever written.
Attached File(s)
File Type: pdf The-Holy-Grail-of-Trading.pdf   4.3 MB | 1,633 downloads
  • #4,775
  • Apr 9, 2017 12:19pm Apr 9, 2017 12:19pm
A very interesting reading, thanks for the contribution .
Newbie trader
  • #4,776
  • Apr 11, 2017 4:27am Apr 11, 2017 4:27am
Couple of cheeky ones. Crap exit due to being stuck at work..... Nice PA from fresh H4 demand.
Attached Image (click to enlarge)
Click to Enlarge Name: EU.PNG Size: 81 KB
  • #4,777
  • Apr 11, 2017 5:52am Apr 11, 2017 5:52am
Bit of a speculative short on GU also... No PA on anything other than M15 atm

UJ scalps running on a lighter size with some flip PA with H4 direction.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: UK.PNG Size: 55 KB
  • #4,778
  • Apr 11, 2017 7:44am Apr 11, 2017 7:44am
Cut and reverse on GU. UJ mostly out and a locked buy on UCAD
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU.PNG Size: 35 KB
Click to Enlarge Name: uj.PNG Size: 99 KB
  • #4,779
  • Apr 11, 2017 8:00am Apr 11, 2017 8:00am
And EU. Good scalping session. Need to book more half days off work.
Attached Image (click to enlarge)
Click to Enlarge Name: EU.PNG Size: 27 KB
  • #4,780
  • Apr 11, 2017 3:04pm Apr 11, 2017 3:04pm
Hello C-12 great charts.
This account is live or demo?
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