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ReadtheMarket - Supply and Demand with Price Action

  • #4,421
  • Jan 23, 2019 4:35am Jan 23, 2019 4:35am
Fex: The Invisible
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RIP RTM
  • #4,422
  • Jan 23, 2019 4:44am Jan 23, 2019 4:44am
DP that you mean before fer....
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RIP RTM
  • #4,423
  • Jan 23, 2019 12:24pm Jan 23, 2019 12:24pm
I've been a silent reader for a while and decided to share some thoughts. From my perspective the biggest challenges are :

1. Flag scales
2. How far price can go without invalidating the setup ?
2. Targets

Let's use some real live example -

Question 1 (scales) - Where is the real engulf of the green flag ?
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I would say the smaller box is the answer although it was followed up by massive short squeeze/need for liquidity

It is easy to judge while looking at M5 and M15 but it gets tricky on M30

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Question 2 (shakeout) - How far can price shoot up ?

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Question 3 (target) - Where is the target for that specific engulf (origin of the move or QM ? is this a rule per IF's first page's tutorial ? additionally is the origin picked correctly ?

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  • #4,424
  • Jan 24, 2019 4:00am Jan 24, 2019 4:00am
Hi Zyon,
I am a newbie trader.
But I try to answer your question.

Even with this one chart.
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RIP RTM
  • #4,425
  • Jan 24, 2019 4:01am Jan 24, 2019 4:01am
Hi fex and ferinacci.
I try.... DP homework....
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RIP RTM
  • #4,426
  • Jan 24, 2019 4:27am Jan 24, 2019 4:27am
I try another one
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RIP RTM
  • #4,427
  • Jan 24, 2019 9:38am Jan 24, 2019 9:38am
Now I understand....
There is nothing weird with ferinacci's trade.
Sometimes he just touch trade.
Sometimes he trade PA.

Even I know still take time to apply it to my trading habit.
RIP RTM
  • #4,428
  • Jan 25, 2019 3:04am Jan 25, 2019 3:04am
What if I find the same DP for different scales???
RIP RTM
  • #4,429
  • Jan 25, 2019 3:13am Jan 25, 2019 3:13am
Quoting hendzwoter
What if I find the same DP for different scales???
Congratulations hendzwoter, now your research begins, you can start working on it ...
PS: The market moves in fractals, not time frames, but time frames are the best tool we have.
Newbie trader
  • #4,430
  • Jan 25, 2019 3:21am Jan 25, 2019 3:21am
Quoting fex
{quote} Congratulations hendzwoter, now your research begins, you can start working on it ... PS: The market moves in fractals, not time frames, but time frames are the best tool we have.
I see.....
Fractal...
Cool....
RIP RTM
  • #4,431
  • Jan 25, 2019 8:17am Jan 25, 2019 8:17am
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maybe another drop
  • #4,432
  • Jan 25, 2019 11:44am Jan 25, 2019 11:44am
Quoting ferinacci
{image}

Update
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  • #4,433
  • Jan 25, 2019 1:47pm Jan 25, 2019 1:47pm
wondering if anyone on this thread has applied RTM's strategy to crypto? i am seeing an engulf up that has not yet hit its target and now a retrace to ftr on ethusd. any thoughts?
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  • #4,434
  • Jan 26, 2019 3:35am Jan 26, 2019 3:35am
Quoting traderchos
wondering if anyone on this thread has applied RTM's strategy to crypto? i am seeing an engulf up that has not yet hit its target and now a retrace to ftr on ethusd. any thoughts? {image}
Agree
  • #4,435
  • Jan 26, 2019 3:42am Jan 26, 2019 3:42am
Quoting Zyon
I've been a silent reader for a while and decided to share some thoughts. From my perspective the biggest challenges are : 1. Flag scales 2. How far price can go without invalidating the setup ? 2. Targets Let's use some real live example - Question 1 (scales) - Where is the real engulf of the green flag ? {image} I would say the smaller box is the answer although it was followed up by massive short squeeze/need for liquidity It is easy to judge while looking at M5 and M15 but it gets tricky on M30 {image} Question 2 (shakeout) - How far can price...
thanks
  • #4,436
  • Jan 26, 2019 3:44am Jan 26, 2019 3:44am
Quoting hendzwoter
Hi fex and ferinacci. I try.... DP homework.... {image}
hi

first you should find the main target on HTF and then try find to some place to etner to the trade in the right direction
  • #4,437
  • Jan 26, 2019 3:59am Jan 26, 2019 3:59am
Quoting hendzwoter
I try another one {image}
nice but you don't need too wait for that trade. before that you can setup another trade. i will explain it in next post
  • #4,438
  • Jan 26, 2019 4:38am Jan 26, 2019 4:38am
There is a FTR
so we can have a trade at FTB

M30

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check M1 TF

threre is a nice QM at FTR ,

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so we can set a sell limit at QM Level with a tight StopLoss

check the rest

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with a risk about 5-7 pips , there is more than 30 pips rewards/

R/R atleast 1:6
  • #4,439
  • Jan 26, 2019 6:00am Jan 26, 2019 6:00am
Quoting ferinacci
There is a FTR so we can have a trade at FTB M30 {image} check M1 TF threre is a nice QM at FTR , {image} so we can set a sell limit at QM Level with a tight StopLoss check the rest {image} with a risk about 5-7 pips , there is more than 30 pips rewards/ R/R atleast 1:6
Is this work on every DP?
Cause I look your FTR stands at a DP.
RIP RTM
  • #4,440
  • Jan 26, 2019 6:06am Jan 26, 2019 6:06am
Quoting hendzwoter
{quote} Is this work on every DP? Cause I look your FTR stands at a DP.
there are several setting for trade with RTM method. FTR / DP/QM/3Drive/can can/ Caps on price ...

most of the time we have a reaction to DP.
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