Forex Factory (https://www.forexfactory.com/forum.php)
-   Commercial Content (https://www.forexfactory.com/forumdisplay.php?f=158)
-   -   ReadtheMarket - Supply and Demand with Price Action (https://www.forexfactory.com/showthread.php?t=420159)

Ifmyante Apr 7, 2013 10:27am | Post# 1

Edit: 20/02/2014: We are now way beyond simple Supply and Demand. It's only part of the story, and is used by the market movers against SD traders in the long run. You'll learn SD with us for sure, but you'll also learn when to expect it to fail!

Also, please don't use this thread for tech support. Rather use the contact forms in RTM or RTM Academy


Hi
Lots of you know of me already. In fact, I've met many of my dearest friends using this online persona.

I started learning to read the markets in 2010. I have all my life loved to solve puzzles of every description, and as soon as I saw my first chart, I knew it was my next calling in life to solve its mysteries.

It actually became rather simple after quite a while of seeming very complicated indeed. Once I knew that the big institutions were moving the market, and learned to read in the charts the secret signals they were sending each other, and began to see the algorithms they use to fill their orders bit by bit, it all became really really easy to know where price was going to turn and where it was going to go to next

As I began to better understand the movement of price, I started to post here in FF all the revelations that came to me. Even in preparing charts to explain these phenomena, I'd find anomalies to what I was trying to explain, and had to work these out before I could post. It was an excellent learning tool for me!

I'd've happily stayed here in FF for life had I been able to edit and organise all the information as I saw fit, but the limitations on doing this meant I had to make my own site. You'll find it here

All that I've ever taught (and soon, all that I've ever learned) is there in one place. I highly recommend reading our Markepedia section, and watching our videos

All the information you'll ever need to learn how the market works is in there, and it's all free.
There's a lovely, peaceful community growing in our forum, where absolute beginners can find ALL the info they need, and ONLY the info they need to become great traders, and where already great traders can find likeminded friends to work with.

Now, when I say we trade Supply & Demand and Price Action, I don't mean that we do it in the "gambling with an edge" fashion that other SD or PA traders do it. With Supply and Demand, we don't simply enter a trade at every zone, relying on the hope that more often than not it will retrace to the next zone. We read the story of price, we like to "know", with almost complete certainty, that we're getting into a winning trade every time.
For this to happen, we use Price Action. And no, we don't look for pinbars and engulfing candles, etc. We read price. We read, as I said above, the signals that the institutions are sending each other, we read the algo's they're running. We get into the minds of the guys who move the markets, and know what they will do next.

Is it easy to learn to do this?
Well, learning it all alone can certainly take an awful long time, and one may never get it all worked out.
But we have students who, within six months of being made aware of what forex even is, are reading the market and trading it better than most of the professionals out there.
These students don't get handed everything on a silver platter - they have to put in lots of hard work, sweat and tears in order to make the knowledge we give them their own.

So yes, while the closest common terms for what we do are, indeed, Supply & Demand and Price Action, what we do, in reality, is read the market!


I'll be posting relevant charts and exercises here as and when I have time.
Everybody's welcome to join in

Ifmyante Apr 8, 2013 10:08am | Post# 2

I'm just drawing up a read on what happened to EU over the last few hours
I'll have it ready soon

gilben Apr 8, 2013 10:39am | Post# 3

1 Attachment(s)
While I am waiting for your reading, this is what happen to me today on EU
Click to Enlarge

Name: Screenshot2.png
Size: 78 KB

Ifmyante Apr 8, 2013 10:44am | Post# 4

Sterling work, as ever Gil

Ifmyante Apr 8, 2013 11:12am | Post# 5

3 Attachment(s)
Here are the first two charts to mull over


Click to Enlarge

Name: euread1.jpg
Size: 168 KB
Click to Enlarge

Name: euread2.jpg
Size: 188 KB
Click to Enlarge

Name: eu origin.jpg
Size: 185 KB

Ifmyante Apr 8, 2013 11:21am | Post# 6

1 Attachment(s)
Next is the fakeout. A momentous run up to scare the bejaysus out of the sellers, and excite the buyers into action.
Why? to fill bucketloads of short orders
Click to Enlarge

Name: the fakeout.jpg
Size: 207 KB

Ifmyante Apr 8, 2013 11:28am | Post# 7

1 Attachment(s)
Next, the cap, engulf and retest
Click to Enlarge

Name: cap and retest.jpg
Size: 195 KB

Ifmyante Apr 8, 2013 11:35am | Post# 8

1 Attachment(s)
Next installment -
Click to Enlarge

Name: eu flag.jpg
Size: 206 KB

Ifmyante Apr 8, 2013 11:41am | Post# 9

1 Attachment(s)
And then on to the target

Click to Enlarge

Name: eu tg.jpg
Size: 221 KB

Forex Lion Apr 8, 2013 12:31pm | Post# 10

Hi ifmyante,

nice post , as I am a beginner I will follow it an hope to learn a lot of PA S/D.

Could you please explain what is the abbreviation for:

- FTR
- tg

Many thanks and best regards to your thread,

Forex Lion

Ifmyante Apr 8, 2013 12:36pm | Post# 11

Hi FXL

A newcomer - I'm very glad you found us! We may save you from stumbling down the indi and system road

FTR is Failure to Return. In essence it's the beginning of a new trend (Ugh! Hate that word!)
TG is target

Here's a list of other forex abbreviations we use

Best

If

Ifmyante Apr 8, 2013 12:57pm | Post# 12

OOP!
I just noticed I omitted a chart about the origin. I've just edited it into post 5

fwloop Apr 8, 2013 2:04pm | Post# 13

Hi,

Excellent thread, also pleased that I found it in it's infancy

I've been reading up on the SD / SR aspects and like the simplicity and non-indi style (or minimal!!)

Are you just trading the M1 as per your charts or do you or any of your associates trade the higher TF? Or is this all on the RTM Forum?

Many thanks

whiteout Apr 8, 2013 2:09pm | Post# 14

Hi, Excellent thread, also pleased that I found it in it's infancy I've been reading up on the SD / SR aspects and like the simplicity and non-indi style (or minimal!!) Are you just trading the M1 as per your charts or do you or any of your associates trade the higher TF? Or is this all on the RTM Forum? Many thanks
Hi fwloop, we trade any pair, any timeframe, from the tick charts to the monthly, S/D works everything...of course M1 is a very fast charts, so...you need a very powerful education to trade that timeframe.

fwloop Apr 8, 2013 2:20pm | Post# 15

Hi fwloop, we trade any pair, any timeframe, from the tick charts to the monthly, S/D works everything...of course M1 is a very fast charts, so...you need a very powerful education to trade that timeframe.
Thanks whiteout, I understand that it can be traded on any TF and any Instrument, I was keen to understand if the majority of people were on lower TF's or if the ratio's were fairly even of LTF vs HTF! Presume one should start on the higher TF and hone skills and then work down to lower TF's.

Many thanks

Ifmyante Apr 8, 2013 2:24pm | Post# 16

Some of our greatest traders will only trade the HTFs - It gives them loads more time to enjoy their lives

Some of us love to trade the LTF's - an hour or two's fun in the market can make some big % changes to the account.

Everybody tends to find the style which suits their temperament and lifestyle

@mel Apr 8, 2013 3:15pm | Post# 17

If, very nice charts as always!
Your teaching is unvaluable!

Bless ya

Ifmyante Apr 8, 2013 3:17pm | Post# 18

Aw thanks Mel - I'd be lost without you

Miky Apr 8, 2013 3:22pm | Post# 19

Respectful, kind and helpful community.
In depth price understanding, amazing precision and risk management.

I bet IF's dish that one benefits only from reading a single article from RTM site. ^^


AERO

Ifmyante Apr 8, 2013 3:30pm | Post# 20

Aw thanks alot Miky

You're a star Buddy


© Forex Factory