ReadtheMarket - Supply and Demand with Price Action | Page 10 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Readthemarket (Ifmyante) - Is it legit stuff or not? 19 replies

Price Will Tell - Supply/Demand Price Action Trading 1,858 replies

Price Action + Demand & Supply Zone + Money Management 0 replies

Price movement as a function of Supply and Demand 43 replies

Suppy, Demand and Price Action 28 replies

Attachments: ReadtheMarket - Supply and Demand with Price Action
Exit Attachments

ReadtheMarket - Supply and Demand with Price Action

  • #181
  • Jul 8, 2013 9:26am Jul 8, 2013 9:26am
Tell me, what causes a wick, stops being hit or orders being consumed?

For instance , I see charts with pinbars and guys saying , those were stops getting hit.

That I am not understanding, if I have a buy limit with a sell stop below, how would a sell stop help manifest itself on a chart as a pinbar or a bar with a wick in general.

Hope my question is understood
  • #182
  • Jul 8, 2013 4:52pm Jul 8, 2013 4:52pm
Quoting dappa
Tell me, what causes a wick, stops being hit or orders being consumed? For instance , I see charts with pinbars and guys saying , those were stops getting hit. That I am not understanding, if I have a buy limit with a sell stop below, how would a sell stop help manifest itself on a chart as a pinbar or a bar with a wick in general. Hope my question is understood


So.... You think that a Stop is not an order? Think about it twice...
  • #183
  • Jul 8, 2013 8:53pm Jul 8, 2013 8:53pm
Quoting @mel
{quote} So.... You think that a Stop is not an order? Think about it twice...

I know its an order, I just understand it in the context of price pushing through a supply or demand zone and causing the cascading of stop orders. I get that. My question is not that though.

My question is specific, wicks are caused by market orders or standing limit orders?
  • #184
  • Jul 8, 2013 9:08pm Jul 8, 2013 9:08pm
Quoting dappa
{quote} I know its an order, I just understand it in the context of price pushing through a supply or demand zone and causing the cascading of stop orders. I get that. My question is not that though. My question is specific, wicks are caused by market orders or standing limit orders?

Wicks are just caused by price going up or down and then moving in the opposite direction and closing within that specific timeframe.. pretty simple concept.. pretty sure its impossible to know whether its a limit order or market order as both do the exactly the same thing anyways yes.. (move price)...
nollej is power..
  • #185
  • Jul 8, 2013 9:08pm Jul 8, 2013 9:08pm
Quoting dappa
{quote} I know its an order, I just understand it in the context of price pushing through a supply or demand zone and causing the cascading of stop orders. I get that. My question is not that though. My question is specific, wicks are caused by market orders or standing limit orders?
They are caused by a combination. In reality, limit orders are nothing more then market orders, executed as a specific price. I think you are getting hung up on this for some reason. A limit or stop order is filled and executed when price hits it. It is really no different, as far as I understand it, from a market order being entered right at the same time.

So what we have then, is price will move (lets say, bullish) when the combination of all market/limit/stop order buys exceed all market/limit/stop sell orders.
  • #186
  • Jul 8, 2013 9:21pm Jul 8, 2013 9:21pm
Quoting Venice
{quote} They are caused by a combination. In reality, limit orders are nothing more then market orders, executed as a specific price. I think you are getting hung up on this for some reason. A limit or stop order is filled and executed when price hits it. It is really no different, as far as I understand it, from a market order being entered right at the same time. So what we have then, is price will move (lets say, bullish) when the combination of all market/limit/stop order buys exceed all market/limit/stop sell orders.

Ok , I can understand that. Make sense.
  • #187
  • Jul 13, 2013 9:31am Jul 13, 2013 9:31am
Quoting CindyXXXX
{quote} But it's wrong... But you understand, so that's good then... It makes sense!
Please do expand upon it then.
  • #188
  • Sep 20, 2013 2:07am Sep 20, 2013 2:07am
This post (http://www.readthemarket.com/index.php/forum/journals/1184-pedini-s-trades-and-setups?start=225#20459) does a great job at showing just how simple, effective and incredibly awesome the RTM-PA methodology is.

d
  • #189
  • Sep 30, 2013 4:48am Sep 30, 2013 4:48am
My notes of thread attached

Attached File(s)
File Type: pdf [email protected]   692 KB | 19,391 downloads


d
  • #190
  • Sep 30, 2013 5:04am Sep 30, 2013 5:04am
That looks excellent !!!!!

Thanks so much for that. I may learn something from it
  • #191
  • Sep 30, 2013 7:20am Sep 30, 2013 7:20am
ghreat job! That helps alot to my understanding of the methodology. Thanks so much!
  • #192
  • Oct 10, 2013 10:33am Oct 10, 2013 10:33am
Quoting clementngu
ghreat job! That helps alot to my understanding of the methodology. Thanks so much!

Hey bro, can you skype or PM me, I don't understand the methodology, still have been trying to get my head around it.
  • #193
  • Edited Oct 11, 2013 7:17am Oct 10, 2013 11:38am | Edited Oct 11, 2013 7:17am
Quoting dappa
{quote} Hey bro, can you skype or PM me, I don't understand the methodology, still have been trying to get my head around it.
Their website (http://www.readthemarket.com/index.php/education) has complete training materials about this method, which is much more structured and systematic than trying to read among chatter from thread posts and pdf compilations. Have you been to the site (http://www.readthemarket.com/index.php/education)? Private messaging and Skype won't clarify what took pages of teachings and hours of videos to explain.

Quite worried that you are still not being assisted since June 25th and it's now October. You have waited over 3 months for reply and within that time you could have studied the full method at the site.

Quoting dappa
I have been trying to find out the reason for price movement and it lead me to order flow and market structure which I now understand to a certain level but knowing how price moves, (market orders consuming liquidity). I don't understand why a trade(limit order to buy or sell) would be placed at a previous supply or demand level? Orders could be stacked there all day but limit orders don't cause price to move in any direction, market orders do? So shouldn't a trader be looking to jump on a momentum candle to ride it to the next stop of liquidity? Can someone shed light on this for me?
No longer trading forex. Looking for full time job.
  • #194
  • Oct 11, 2013 7:40pm Oct 11, 2013 7:40pm
Im not understanding whats on the site, I don't understand the flag and engulf and all of that.
  • #195
  • Oct 21, 2013 1:35pm Oct 21, 2013 1:35pm
Quoting dappa
{quote} Hey bro, can you skype or PM me, I don't understand the methodology, still have been trying to get my head around it.
Quoting mmaker
{quote} Their website (http://www.readthemarket.com/index.php/education) has complete training materials about this method, which is much more structured and systematic than trying to read among chatter from thread posts and pdf compilations. Have you been to the site (http://www.readthemarket.com/index.php/education)? Private messaging and Skype won't clarify what took pages of teachings and hours of videos to explain. Quite worried that you are still not being assisted since June 25th and it's now October. You have waited over...
Hi Dappa bro, what mmaker said is very true, readthemarket.com compiled all the required explanation you need. Just sign up as a free member on the website and head to the education tab, you will get all your question marks solved. What I did was doing a cross referencing between notes and videos to understand better.

I'm currently also following a thread posted by Thomaas with title "Price action made simple with Supply and Demand levels". Perhaps you can take a look and it might be a good reference for you as well.

All the best and let me know if you need further help.
  • #196
  • Oct 21, 2013 10:50pm Oct 21, 2013 10:50pm
Quoting mmaker
{quote} You might want to look at keroro0o0o's thread instead, http://www.forexfactory.com/showthread.php?t=453118 http://www.forexfactory.com/showthread.php?t=404718 I don't like that Thomaas is plagiarizing the materials from RTM and claiming to be his own trading. He should at least mention RTM and give credit where it is due. I think Dappa should give up on this method. He's been asking and asking around, and basically he can't understand it. It's best to move on to something else he can understand.
Hey mmaker,
Your accusation is invalid. It's difficult to label another supply and demand thread as plagiarism when supply and demand concepts are owned by no one. Thomas has his own unique twist on supply and demand trading as do many others. His take is much different than that taught at RTM. Please prove he is plagiarizing then when you fail apologize for your libelous statements.
  • #197
  • Oct 22, 2013 10:10pm Oct 22, 2013 10:10pm
Hi All,

I am quite intrigued with what I read here and have gone to RTM to learn more. However when I tried to create an account so I could log in it says " the page you are trying to access does not exist." I tried to register through the Start Here menu and it found issues with either my email address or password. Apparently I cannot read any of the resources without registering for membership in RTM.

Is the page down? Can anyone help?

Cheers,
MayinFx
  • #198
  • Oct 23, 2013 3:25am Oct 23, 2013 3:25am
Hi MayinFx

I checked for any sign of you in the system, but there's not a trace.

Do me a favour and try to register using a different browser. Should this fail, let me know and I'll get out tech wonders to help you out
  • #199
  • Oct 23, 2013 3:37am Oct 23, 2013 3:37am
Quoting Winston Reed
{quote} Please prove he is plagiarizing then when you fail apologize for your libelous statements.
Oh Winston, that was pretty obvious from the outset. He even used in his first post a set of diagrams copied straight from Mel's Supply and Demand article (fair dues to him, he changed the image once challenged).

I have no ill will towards Thomaas at all. He has a good grasp of some of the concepts one needs to understand to be a good trader, and the more people helping to cut through all the BS we've been taught for so long, the better!

So perhaps it's best we all put our members back in our trousers and get back to the charts
  • #200
  • Oct 23, 2013 10:21am Oct 23, 2013 10:21am
Quoting Ifmyante
{quote} Oh Winston, that was pretty obvious from the outset. He even used in his first post a set of diagrams copied straight from Mel's Supply and Demand article (fair dues to him, he changed the image once challenged). I have no ill will towards Thomaas at all. He has a good grasp of some of the concepts one needs to understand to be a good trader, and the more people helping to cut through all the BS we've been taught for so long, the better! So perhaps it's best we all put our members back in our trousers and get back to the charts
Agreed.
1 trader viewing now