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
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
I'm just drawing up a read on what happened to EU over the last few hours
I'll have it ready soon
Sterling work, as ever Gil
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:
Many thanks and best regards to your thread,
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
I just noticed I omitted a chart about the origin. I've just edited it into post 5
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?
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
If, very nice charts as always!
Your teaching is unvaluable!
Aw thanks Mel - I'd be lost without you
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. ^^
Aw thanks alot Miky
You're a star Buddy
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