C-12's Supply, Demand and PA thread

Quoting caviarblue

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Hey C-12, could you share your actual template.tpl and indicators.zip please? Thank you

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Quoting C-12

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Bit scrappy but was all good in the end. Had a couple of stupid impulse buys earlier in the session until I eventually got in sync. Got up a bit late so hadn't done the overnight analysis. These are surely early exits but late for work. {image}

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Quoting RaysJourney

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{quote} Hey C-12, Do you mind explaining how you are able to join such "waterfalls" and what you were looking for before entering a sell, starting from the first short position?

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Quoting C-12

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A bit more like it, less pissing around.. All off H4/H1 though, M15 wasn't really needed. There may have been tighter entries higher up but when H4 engulfed it was a slam dunk setup. Makes sense? {image} {image}

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Quoting RaysJourney

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{quote} Hey C-12, do you mind clarifying your definition of "engulf"? I seem not to get it, especially in this image. Thanks a lot in advance!

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Quoting C-12

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{quote} Not very easy to explain but you will see this kind of PA all over the place. I call this rollover PA with trend (or engulfing) for lack of another name. Look closely inside the 2 yellow boxes. {image}

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Quoting RaysJourney

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{quote} It's basically making some sort of drop, base, drop while the bear candle at the 2nd drop engulfs. Would that be correct? And if it engulfs, what would you like to see engulfed? Just the one previous candles body? Does it have to engulf in one straight candle? But the explanations make it much clearer!

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Quoting C-12

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{quote} Notice both bullish looking candles gets engulfed to the downside in this case. I'll take them as continuation entries as a single candle (higher TF the better) as the PA forms. I pay close attention to the P4L Candletime indicator as I want to get in towards the candle close as confirmation to prevent whipsaw. The good news is the market is telling you which direction it wants to go. You're not fighting price but going with the flow. Just be aware of opposing zones. These take a lot of practice and not something you'll see in the trading...

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Quoting C-12

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Not the best but more than enough. Now to get the hell out of this red hot room... {image}

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Quoting RaysJourney

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{quote} Since I trade the 5M as well and was looking at EU, I just wonder what made you take the first two buys on the bottom? Was there a big zone to the left or did you just monitor the 5M chart and watched PA and thought "oh, there are many wicks, forming double bottom, I'll go long"? I am still amazed and shocked how well you do :-) Since I have my own strategy, I am trying to learn further and catch such early moves that potentially turn into a trend (I am a trend trader). Thanks again in advance for the explanation if you'd like to share.

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Quoting C-12

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{quote} No worries, I've been doing this same thing over and over for years. Screentime helps. As for the trade. Open up EU on M30 and scroll left. A very nice demand zone. I was a bit cautious as DX had spiked the previous swing high but PA came in on M15. But yes, the PA opened the doors for the buys. I should have added more on the pullback, so mistakes still do happen.

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Quoting RaysJourney

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{quote} Thank you kindly for the explanation. However, what made you so sure that this demand will hold? Was it just the on the M15 for the M30 zone? Potentially, you could trade all M30 demands along the way no? Sorry for the many questions, just trying to understand since I always had trouble with this. PS: Yes, I agree with you. Screen time and experience will definitely help. I am slowly getting there, especially with your help :-)

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Quoting C-12

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{quote} M30 zone and I liked the M15 PA. I held it better on the demo as really didn't expect this overnight action. {image}

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Quoting C-12

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{quote} Hmm, EU did a bit of messing earlier in the session until fresh demand kicked in. {image}

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