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C-12's Supply, Demand and PA thread

  • #4,941
  • May 22, 2017 11:15pm May 22, 2017 11:15pm
i didn't take the trade straight away on eurusd as i expected it to retry once more to go up, so set up a sell limit.. nice one..
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  • #4,942
  • May 22, 2017 11:26pm May 22, 2017 11:26pm
Yep, if I just had M15 on display I would have expected another spike up.. The good thing of having H1 and M30 in view I could see the PA setting up.

This is one my favourite setups... Price creates a zone at the end of the session and then retests it the next morning.

I don't know how many times I've seen this over the years.
  • #4,943
  • May 23, 2017 12:11am May 23, 2017 12:11am
Jeesus... Had to be sharp there to catch that one.

Eyes on H1 now to see where we go..
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  • #4,944
  • May 23, 2017 12:36am May 23, 2017 12:36am
Ok that's enough scalps, better get out to work... will leave these 2 running.
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  • #4,945
  • Edited 5:12am May 23, 2017 4:37am | Edited 5:12am
Some more .... Looks like they wanted to sting the early morning shorters by spiking the highs.
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  • #4,946
  • May 23, 2017 9:23am May 23, 2017 9:23am
Interesting day.. A few twists and turns in the end. Now taped into H4 demand. Will prob go lower but that's a good rack of pips today.
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  • #4,947
  • May 23, 2017 10:06am May 23, 2017 10:06am
Quoting C-12
Interesting day.. A few twists and turns in the end. Now taped into H4 demand. Will prob go lower but that's a good rack of pips today. {image}
Good one C12..
  • #4,948
  • May 23, 2017 10:34am May 23, 2017 10:34am
Quoting tradeforlife
{quote} Good one C12..
Yeah, gonna have to knock this on the head unfortunately... I spent most of my day at work glued to the laptop, remoted back to my PC.

It's only a matter of time before I get dragged into the office for a discussion.

Noticed I was getting slipped quite a bit today so time to pack up and clear out.
  • #4,949
  • May 23, 2017 10:46am May 23, 2017 10:46am
But a couple for the road.
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  • #4,950
  • May 23, 2017 10:59am May 23, 2017 10:59am
Quoting C-12
{quote} Yeah, gonna have to knock this on the head unfortunately... I spent most of my day at work glued to the laptop, remoted back to my PC. It's only a matter of time before I get dragged into the office for a discussion. Noticed I was getting slipped quite a bit today so time to pack up and clear out.

my problem is without checking the charts with supplydemand indicator, i'm not able to take trades and i cannot use my office pc to remote to my machine..
i'm checking if it is possible to install normal mt4 in a windows based phone with capability to install custom indicators so i can use it.... do you know any other option C12?
  • #4,951
  • May 23, 2017 11:21am May 23, 2017 11:21am
Quoting tradeforlife
{quote} my problem is without checking the charts with supplydemand indicator, i'm not able to take trades and i cannot use my office pc to remote to my machine.. i'm checking if it is possible to install normal mt4 in a windows based phone with capability to install custom indicators so i can use it.... do you know any other option C12?
No, I wouldn't recommend day trading off a phone at all.

At this stage in the game, I would totally forget about making cash and learning to craft a solid trading method and getting tons of screentime in.

Think longer term. The markets will always be there so it's impossible to miss out on anything and there's a lot of risk involved if you just steam into this.

I guess the other solution really is weekly and daily time frames (end of day trading)
  • #4,952
  • May 23, 2017 12:08pm May 23, 2017 12:08pm
Quoting C-12
{quote} No, I wouldn't recommend day trading off a phone at all. At this stage in the game, I would totally forget about making cash and learning to craft a solid trading method and getting tons of screentime in. Think longer term. The markets will always be there so it's impossible to miss out on anything and there's a lot of risk involved if you just steam into this. I guess the other solution really is weekly and daily time frames (end of day trading)
Hello mate, I've read some random pages of this and read your recommended posts regarding your thought processes on 1 trade from HTF to LTF... Are there any other posts in particular to read? Any starting point you'd recommend or just get reading? Thanks
"Never Take a Trade You Don't Understand!" - Pres78
  • #4,953
  • Edited 2:44pm May 23, 2017 12:22pm | Edited 2:44pm
Quoting ZeeDeveel
{quote} Hello mate, I've read some random pages of this and read your recommended posts regarding your thought processes on 1 trade from HTF to LTF... Are there any other posts in particular to read? Any starting point you'd recommend or just get reading? Thanks
It's kind of a tricky one to explain but I've got 4 monitors so I can spread the timeframes out.

I'm watching PA (mostly engulfing formations) and S/D zones across the time-frames to get a handle on the general direction. Higher timeframe is most important but you can sometimes watch the beginnings form on lower TF.

It takes a fair bit of practice. It's not something you can really do on multiple pairs without getting dizzy.

So the monitor setup looks like this:

Lower monitor

Left = EU H4 and H1 (these will usually be constantly the same)
Right = EU Usually a combo or M30/M15 or M15/M5 (occasionally M5/M1)

Upper monitor

Left = DX H4 and H1
Right = DX M30 and M15 (sometimes flick to M5)
  • #4,954
  • May 23, 2017 12:55pm May 23, 2017 12:55pm
Hi C-12 and all traders,
I have 2 more questions:
1.- Where you usually put the SL of the first entry: Under the engulfing candles? Or below the S / D zone of the HTF?
2.- What is the lot proportion of the first operation, compared to the rest of entries?

thanks you again
Newbie trader
  • #4,955
  • May 23, 2017 1:10pm May 23, 2017 1:10pm
Quoting fex
Hi C-12 and all traders, I have 2 more questions: 1.- Where you usually put the SL of the first entry: Under the engulfing candles? Or below the S / D zone of the HTF? 2.- What is the lot proportion of the first operation, compared to the rest of entries? thanks you again
The SL always goes behind the engulf as I'm expecting price to move away from it.

The position is is usually based around a fixed maximum of 3% account, calculated around a a 10 pip SL but I'd try not to go to full 3% unless it's a slam dunk setup.

So you could have up to 3 x 1.00 or up to 6 x 0.5 for example. If the SL is wider then less positions but I don't like too many positions going (they're a pain to close if the trade is wrong).

This account should now be trading up to 3 x 1.30 but I keep forgetting to up it.

Sometimes I do some probing with a small size and then add more as things look good. SL always goes behind the engulfing on the timeframe I'm on.
  • #4,956
  • May 23, 2017 1:18pm May 23, 2017 1:18pm
Many thanks C-12,

Then if you fail an entry: If price is inside the same S/D zone and If a new engulfing occur (and conditions...), Do you put another entry?
Newbie trader
  • #4,957
  • May 23, 2017 1:23pm May 23, 2017 1:23pm
Quoting fex
Many thanks C-12, Then if you fail an entry: If price is inside the same S/D zone and If a new engulfing occur (and conditions...), Do you put another entry?
If a zone get's retested deeper this would mean my initial PA has been invalidated and SL hit... But I will take another attempt if it the PA comes in.

I very rarely take trades directly off zones these days (as in the old style S/D with SL behind zone). I always try and take the trade when a fresh zone is forming with PA (in sync with higher TF zones and PA).

Usually S/D zones are found at swing points and it's dangerous to put your stop loss in these liquidity areas. e.g - EU today in the AM session.
  • #4,958
  • May 23, 2017 1:31pm May 23, 2017 1:31pm
Example of what can happen if stop sits behind a swing point.

In this case, the trader could have got to BE but I traded this move and it happened in the blink of an eye!
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  • #4,959
  • May 23, 2017 2:08pm May 23, 2017 2:08pm
As simple as that, thanks C-12, after hours of observation, I will try some entries...
Newbie trader
  • #4,960
  • May 23, 2017 3:03pm May 23, 2017 3:03pm
Not totally sure EU is done here at this area. I see a lot of traders looking at the uptrend break.. We've not yet taken out DX H4 / H1 supply. The sell off seemed pretty tame.

I would think FOMC might have some tricks up it's sleave so expect a choppy AM session.
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