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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

Some basic M5 action. Should go up more but have these for a Monday.
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Got a couple more. M15 chart. Very smooth action.
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Hey C-12, could you share your actual template.tpl and indicators.zip please?
Thank you
Quoting caviarblue
Hey C-12, could you share your actual template.tpl and indicators.zip please? Thank you
Yeah no worries. This is the template, Indicators are on Page 1.

Couple of extra indis added:

RSI-TC-NEW (just for something half useful to stick underneath the chart)
Rectangle Reader (for showing pip value of zones - very useful!)

Attached Files
File Type: tpl C12.tpl   7 KB | 406 downloads
File Type: ex4 RSI-TC_NEW.ex4   6 KB | 311 downloads
File Type: mq4 RSI-TC_NEW.mq4   6 KB | 310 downloads
File Type: ex4 RectangleReader.ex4   15 KB | 379 downloads
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.
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Quoting C-12
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}
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?
Quoting RaysJourney
{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?
The key is the H4/H1 PA, zones and and direction.

Then you need to look left and see what you're trading into (on all timeframes). You don't want to sell into demand.

Entries on M5/M15 are just based on rollover engulfing PA with the trend where fresh levels are formed and retested on the way down.
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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?
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Quoting C-12
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}
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!
Quoting RaysJourney
{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!
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.
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Quoting C-12
{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}
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!
Quoting RaysJourney
{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!
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 books.
Quoting C-12
{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...

Thanks for the explanations. Studying your charts will be much easier now :-)
Not the best but more than enough. Now to get the hell out of this red hot room...
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Quoting C-12
Not the best but more than enough. Now to get the hell out of this red hot room... {image}
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.
Quoting RaysJourney
{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.
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.
Quoting C-12
{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.
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 :-)
Quoting RaysJourney
{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 :-)
M30 zone and I liked the M15 PA.

I held it better on the demo as really didn't expect this overnight action.
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Quoting C-12
{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}
Hmm, EU did a bit of messing earlier in the session until fresh demand kicked in.
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Quoting C-12
{quote} Hmm, EU did a bit of messing earlier in the session until fresh demand kicked in. {image}

C,

sitting through that heat -

I have a 15min and a 4hr chart attached. You got in at the bottom of that move up and the ellipses are where you sat through a little heat. What makes you not jump out there?
Is it because you just touched into demand on the 4hr and you're expecting a big move up to a more significant supply on the 4hr? I'm transitioning into trading the larger time frames now, and I assume this is the reason. I just wanted to hear your thoughts...

thanks
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