C-12's Supply, Demand and PA thread | Page 244 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Supply and Demand Thread using any Indicator 64 replies

Price movement as a function of Supply and Demand 43 replies

Supply and demand zones and EW principles 1 reply

Alifari's - Supply & Demand Thread 17 replies

Demand and Supply 1 reply

Attachments: C-12's Supply, Demand and PA thread
Exit Attachments

C-12's Supply, Demand and PA thread

  • #4,861
  • May 11, 2017 4:56pm May 11, 2017 4:56pm
Quoting C-12
EU didn't gap fill but found a sneaky bit of remaining H4 demand. {image}
I expect EU to drop more ...
  • #4,862
  • May 11, 2017 5:17pm May 11, 2017 5:17pm
Quoting teodosy87
{quote} I expect EU to drop more ...
Yeah, it look like the gap will surely close and then some. Although it may well play a few dirty tricks in advance.

That H1 DX supply is definitely on my radar for tomorrow's scalp session so will see what PA brings.
  • #4,863
  • May 11, 2017 5:41pm May 11, 2017 5:41pm
Quoting C-12
{quote} Yeah, it look like the gap will surely close and then some. Although it may well play a few dirty tricks in advance. That H1 DX supply is definitely on my radar for tomorrow's scalp session so will see what PA brings.
I will be interested to see how price will react on this line, i see this happens time and time again ... Also we have an interesting trend line respect ... i See Dx have more room to go up, based on the daily candle close we will go higher ... Something interesting as well we have a newly formed demand on weekly, when we go to 4h we have demand at the exact place as weekly demand ...... and this was the reason we broke the high .... deserves to look for for sure ...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2017-05-12 01_36_29-_DXY,Daily.png Size: 81 KB
Click to Enlarge Name: 2017-05-12 01_37_45-_DXY,Weekly.png Size: 85 KB
Click to Enlarge Name: 2017-05-12 01_40_21-_DXY,H4.png Size: 71 KB
Click to Enlarge Name: 2017-05-12 01_39_51-_DXY,Weekly.png Size: 87 KB
  • #4,864
  • May 12, 2017 2:19am May 12, 2017 2:19am
Quoting teodosy87
{quote} I will be interested to see how price will react on this line, i see this happens time and time again ... Also we have an interesting trend line respect ... i See Dx have more room to go up, based on the daily candle close we will go higher ... Something interesting as well we have a newly formed demand on weekly, when we go to 4h we have demand at the exact place as weekly demand ...... and this was the reason we broke the high .... deserves to look for for sure ... {image} {image} {image} {image}
This analysis looks spot on to me and good heads up for me to check the weekly DX. Something I rarely do on an intraday basis.
  • #4,865
  • May 12, 2017 2:31am May 12, 2017 2:31am
Todays EU and GU orders are in. Heading out to work.

Let's see what happens.
Attached Image (click to enlarge)
Click to Enlarge Name: EU.PNG Size: 102 KB
  • #4,866
  • May 12, 2017 7:45am May 12, 2017 7:45am
Got it... knew there was a setup going on here.

Fresh H1 demand kicked in. Should have loaded up at the H1 base but aware news was upcoming.
Attached Image (click to enlarge)
Click to Enlarge Name: EU.PNG Size: 77 KB
  • #4,867
  • May 12, 2017 7:50am May 12, 2017 7:50am
And a bit of UJ on a small position
Attached Image (click to enlarge)
Click to Enlarge Name: uj.PNG Size: 46 KB
  • #4,868
  • May 12, 2017 7:59am May 12, 2017 7:59am
GU not bad, had a lower target that didn't reach
Attached Image (click to enlarge)
Click to Enlarge Name: GU.PNG Size: 48 KB
  • #4,869
  • May 12, 2017 10:53am May 12, 2017 10:53am
Quoting C-12
Got it... knew there was a setup going on here. Fresh H1 demand kicked in. Should have loaded up at the H1 base but aware news was upcoming. {image}
Haha good job brother! I had this cadchf for some time, happy that my analysis was on point.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20170512-185306.png Size: 165 KB
  • #4,870
  • May 12, 2017 11:28am May 12, 2017 11:28am
C-12 please be aware of this we were discussing, price is right not at that point that had the power to break the high.
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-05-12 19_26_30-_DXY,H1.png Size: 66 KB
  • #4,871
  • May 12, 2017 12:02pm May 12, 2017 12:02pm
Quoting teodosy87
C-12 please be aware of this we were discussing, price is right not at that point that had the power to break the high. {image}
Well I think I'd want to hold out until we see where things are after the weekend. That was quite an impulsive move today and I'm not sold on the higher TF picture.

In 5 years of watching this pair I've never seen a situation with such a wide gap that hasn't been filled.

My thought process never really goes beyond a day so I'm crap at longer term predictions.
  • #4,872
  • May 12, 2017 12:14pm May 12, 2017 12:14pm
If I was viewing this from a very long term view (monthly and weekly) I would say 1:18 to 1:20 is where EU is heading.

This is the long term untested prior S/R area.

Whether that gap closes first or not I'm not sure.
  • #4,873
  • May 12, 2017 12:41pm May 12, 2017 12:41pm
Quoting C-12
{quote} Well I think I'd want to hold out until we see where things are after the weekend. That was quite an impulsive move today and I'm not sold on the higher TF picture. In 5 years of watching this pair I've never seen a situation with such a wide gap that hasn't been filled. My thought process never really goes beyond a day so I'm crap at longer term predictions.
Well what i have learned so far is never to do something you are not comfortable with, do what you can the very best. I start making some real progress when i stopped following other people and trying to figure out why they took this and that trade. This is what i see long term EU reacting to the red trend line as i see there are some left buyers which will happily exit at break even and this will most probably move market lower to the weekly demand, still i do see price going lower from the EU structure. This is just an observation, we do not predict we anticipate what market is doing and take part when our plan is in sync whit the market.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2017-05-12 20_39_23-EURUSD,Weekly.png Size: 68 KB
Click to Enlarge Name: 2017-05-12 20_38_52-EURUSD,Daily.png Size: 76 KB
  • #4,874
  • Edited 5:52am May 13, 2017 5:31am | Edited 5:52am
Hi guys, wondering if anyone can help. I'd like to post this in the Platform Tech thread but I'm locked out due to this crappy commercial status.

Any long time readers of this thread will know I suffer with poor discipline (over trading, trading out of hours, trading due to boredom, revenge trading etc!).

I've read every trading psychology book out there and have improved, but I think the only way I can fix this issue is with brute force.

I'm looking to find someone who can code a small "Discipline EA" that does the following:

1. Only allow X amount of open trades at any one time
Once this number is reached, the Buy / Sell buttons become disabled until those trades are closed.

2. Maximum % of daily account loss
If % daily loss reached, the Buy / Sell buttons are disabled until the following day.

3. Maximum % daily account gain
If % daily gain has been hit, the Buy / Sell buttons are disabled until the following day.

3. Only allow the Buy / Sell buttons to activate during specific server hours.

4. Set a fixed pip stop loss on all trades opened.

Of course I wouldn't expect this to be written for free and happy to pay someone for their work.

Maybe someone can help me out and copy this post in the Platform Tech thread?
  • #4,875
  • May 13, 2017 5:44am May 13, 2017 5:44am
I have found this old EA from 2011 (prior to one click trading in MT4).

This does actually sort of work but there are a few niggles with it.

The main gripe is that closes opened trades rather than disable the buttons (this makes it impossible to hold a trade outside active server hours).

Unfortunately there's no MQ4L file to allow the EA to be modified.
Attached File(s)
File Type: ex4 DisciplineTrader.ex4   9 KB | 269 downloads
  • #4,876
  • May 13, 2017 5:59am May 13, 2017 5:59am
Quoting C-12
Hi guys, wondering if anyone can help. I'd like to post this in the Platform Tech thread but I'm locked out due to this crappy commercial status. Any long time readers of this thread will know I suffer with poor discipline (over trading, trading out of hours, trading due to boredom, revenge trading etc!). I've read every trading psychology book out there and have improved, but I think the only way I can fix this issue is with brute force. I'm looking to find someone who can code a small "Discipline EA" that does the following: 1. Only allow X amount...

Hi C12, You can contact ferrufx for coding this EA. He is a great guy and have lot of experience in coding... and you have to pay for the work as well..
  • #4,877
  • May 13, 2017 6:11am May 13, 2017 6:11am
Quoting C-12
Hi guys, wondering if anyone can help. I'd like to post this in the Platform Tech thread but I'm locked out due to this crappy commercial status. Any long time readers of this thread will know I suffer with poor discipline (over trading, trading out of hours, trading due to boredom, revenge trading etc!). I've read every trading psychology book out there and have improved, but I think the only way I can fix this issue is with brute force. I'm looking to find someone who can code a small "Discipline EA" that does the following: 1. Only allow X amount...
Thread started.
https://www.forexfactory.com/showthread.php?t=664410
  • #4,878
  • May 13, 2017 6:25am May 13, 2017 6:25am
Brilliant! Cheers guys.

Let's see if we get any discussion on the Platform Tech thread in the first instance.

I've also found this which is fairly close:

https://www.mql5.com/en/market/produ...ll_description

  1. Maximum SlopLoss - maximum stop loss. When you open an order, Risk Manager sets stop loss specified here
  2. Maximum orders in one direction - the maximum number of orders in one direction on one pair - protection from grids
  3. Maximum orders in day - the maximum number of orders per day
  4. Maximum orders closed by Stop Loss - the maximum number of orders closed with a loss (commission and swap not included)
  5. Maximum daily risk (in %) - maximum daily risk as % of deposit

  • #4,879
  • May 13, 2017 10:46am May 13, 2017 10:46am
Hey C-12 nice thinking brother! I am not sure if that will help but i use https://www.mql5.com/en/market/product/19063 and i am very happy with it. Main advantage is that it is super easy to set up everything. The ea puts the trade on the chart it self and it is super easy to deal with multiple positions without leaving the chart, taking profit and moving stop loss is super easy as well. It has some nice functions it can move the trade to break even after specific pips in profit, it can move your stop loss with price movement, my favorite is that it can take profit 4 different places scale out function. I am not sure if it will help, i also have tried to make myself more disciplined thats why i try to find some tool in this case ea to help me with my trades management much better, so far this is the best i have found for myself. Good luck brother i hope you find what you look for.
  • #4,880
  • May 14, 2017 8:09am May 14, 2017 8:09am
Hey guys.
This thread is way too long for one person to read - even in several sittings. I don't object to doing the hard work but in order to know whether it meets my trading criteria and personality could those of you who've been using this for a reasonable length of time provide some stats:

 

  1. % Wins
  2. Average pip gain
  3. Average pip loss
  4. number of trades per day/week/total
  5. average trade length
  6. pairs traded
  7. Best session to trade
  8. etc.


I've been trading for over a decade but am now at a stage where I want to reduce screen time as I realize over the years I've become a bit of a chart junkie at the cost of watching my kids grow up.
My preference is for a system with over 80% win rate with clearly defined, objective rules. 10-20 pips per trade, and up to 3-4 hours screen time per day.

Thanks.

The Market can Remain Irrational Longer than You can Remain Liquid
4 traders viewing now