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 (http://readthemarket.com/)
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 (http://readthemarket.com/index.php/education/markepedia) section, and watching our videos (http://readthemarket.com/index.php/education/education-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 (http://readthemarket.com/index.php/rtm-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
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 (http://readthemarket.com/)
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 (http://readthemarket.com/index.php/education/markepedia) section, and watching our videos (http://readthemarket.com/index.php/education/education-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 (http://readthemarket.com/index.php/rtm-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
