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ReadtheMarket - Supply and Demand with Price Action

  • #241
  • Dec 18, 2013 5:29am Dec 18, 2013 5:29am
There's an old rule I've lived by all my life:
Believe none of what you hear, none of what you read, and only some of what you see


Edit: That includes all I've ever taught too. Don't believe it until you've seen enough times that it's true
  • #242
  • Dec 18, 2013 5:35am Dec 18, 2013 5:35am
Quoting gilben
{quote} I wish you luck with all the paper work you bring on yourself. and by luck it is what I mean. you 'll need lots of it, dude.
sure no problem, i have worked for some of "them" .. but i neither know where the market is going to move.. i trade simple price action.. some see a bullflag some see a looming correction..
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  • #243
  • Dec 18, 2013 6:42am Dec 18, 2013 6:42am
If anyone claims that he/she knows who's moving the market then avoid him/her or simply take what you like from his/her observations and ignore the rest of the rubbish talk.

Z1p, I agree with you but banks, institutions, etc execute the huge orders on behalf of their clients when they get the call to do so and only then they might know where price is heading if there is no brick wall on the other side, same applies if they trade the institution’s (or whatever you call it) fund.

We all have red about central banks losing billions because the tide was stronger than what they can afford.
In my research I’ve came to know that in order for price to move 1 point it requires a billion dollar. So go figure.

Who/how/why are just tools used by the story teller to varnish the story, and in the world of a decentralized market if you find sense in it then a adopt it, if not then don’t strip the author from his/her tools because you’ll be threatening to ruin everything.

The technical analysis is a wide field and never ending versions.
Sniffing Snake's Tracks...
  • #244
  • Dec 18, 2013 7:23am Dec 18, 2013 7:23am
Quoting FX.Sniffer
If anyone claims that he/she knows who's moving the market then avoid him/her or simply take what you like from his/her observations and ignore the rest of the rubbish talk. Z1p, I agree with you but banks, institutions, etc execute the huge orders on behalf of their clients when they get the call to do so and only then they might know where price is heading if there is no brick wall on the other side, same applies if they trade the institution’s (or whatever you call it) fund. We all have red about central banks losing billions because the tide...

yep if you work at a desk or have worked you know the only advantage you have is that you see the flow, stops orders etc (from your clients)
correct not only central banks... funds too remember fx concepts once the biggest fx fund worldwide?
http://www.reuters.com/article/2013/11/25/forex-companies-bankruptcy-idUSL2N0JA1PX20131125
  • #245
  • Dec 18, 2013 8:00am Dec 18, 2013 8:00am
so any thoughts for today's price action?
what we know so far, eur/usd should at least move 190 pips (model based on ON VOL)
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  • #246
  • Dec 18, 2013 8:27am Dec 18, 2013 8:27am
Sorry Z1P, but I see no PA on your chart
  • #247
  • Dec 18, 2013 8:30am Dec 18, 2013 8:30am
Quoting Ifmyante
Sorry Z1P, but I see no PA on your chart
thats an overnight volume chart, of course no price action... i calculate the tradingrange from ON vol
  • #248
  • Dec 18, 2013 8:36am Dec 18, 2013 8:36am
Then I think you're in the wrong thread........
  • #249
  • Dec 18, 2013 8:40am Dec 18, 2013 8:40am
Quoting Ifmyante
Then I think you're in the wrong thread........
so what do you expect?
  • #250
  • Dec 18, 2013 8:46am Dec 18, 2013 8:46am
I'm too old and tired to expect anything from people.

What I hope for is contributors to stay on topic and not waste the time of those who want to learn and teach
  • #251
  • Dec 18, 2013 8:47am Dec 18, 2013 8:47am
Quoting FX.Sniffer
I’m the author of order flow, stacked orders, and liquidity gap articles at RTM. The orderflow article was created to explain the very basics of market microstructure (how exchange occurs in markets). The stacked orders article to inform that empty space around price in a chart isn’t really an empty space. The liquidity article explains the why momentum candles gets filled most of the time.
Are any of these articles available on ForexFactory or any of your 293 posts?
  • #252
  • Dec 18, 2013 8:49am Dec 18, 2013 8:49am
They're all HERE (http://readthemarket.com/index.php/education/markepedia) and they're free
  • #253
  • Dec 18, 2013 8:55am Dec 18, 2013 8:55am
Quoting z1p
{quote} Hell no i respect your work and your ideas, i can simply tell you guys that there is no bank or institution that moves or can move the market all have contrarian views and positions in the market. take care
Hello z1p,

Please come to this thread, http://www.forexfactory.com/showthread.php?t=276971&page=76
to help the poor folks there who still believed that evil market makers moved the prices on daily basis. I believe you can help them see the light. Thanks.
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  • #254
  • Dec 18, 2013 2:18pm Dec 18, 2013 2:18pm
Quoting anyone
{quote} Hello z1p, Please come to this thread, http://www.forexfactory.com/showthread.php?t=276971&page=76 to help the poor folks there who still believed that evil market makers moved the prices on daily basis. I believe you can help them see the light. Thanks. {image}
Hello anyone! did read some pages you make me laugh! thanks
maybe after my holidays i will write some stuff there

attached some charts for you! have fun and many pips

BEN some seconds ago "BERNANKE SAYS I WAS SLOW TO RECOGNIZE THE CRISIS" lol!!
happy holidays to all
Attached File(s)
File Type: pdf GST.pdf   1.3 MB | 2,862 downloads
File Type: pdf CSMP.pdf   3.2 MB | 2,634 downloads
  • #255
  • Dec 18, 2013 2:39pm Dec 18, 2013 2:39pm
Quoting z1p
{quote} Hello anyone! did read some pages you make me laugh! thanks maybe after my holidays i will write some stuff there attached some charts for you! have fun and many pips BEN some seconds ago "BERNANKE SAYS I WAS SLOW TO RECOGNIZE THE CRISIS" lol!! happy holidays to all {image} {image}

Hi z1p,
I am not sure if you are posting in right thread.

to IF:on RTM site you said about opening trading academy.Does any of the lectors/traders provide trading record say at list 1yr./2000 trades etc. for the people who are interesting to sign in?

Thanks in advance.
p.s. it is great site but can not actually see some real trading /trades.
  • #256
  • Edited 3:33pm Dec 18, 2013 3:10pm | Edited 3:33pm
Hi RP

I'm the teacher there, and have hardly traded at all over the last year, as I'm sure you can imagine .

I hope, however, that my students get good enough to trade the fund we're gathering, in which case all of their trades will be audited and published.
I'll be trading the fund too when I have time, but really I reckon the graduates' results will be the test of whether the course works or not

In any case, the academy won't be enrolling students until it's proven to work; I want the traders, not the enrolment fees!
  • #257
  • Dec 18, 2013 8:00pm Dec 18, 2013 8:00pm
Hi Ifmyante who can I contact over at your thread that will help me? I have read the articles, liqidity gap. I didn't understand the filling concept, but that in relation to supply and demand zones. That I did not get. Now what I have been doing of late is, I have been looking at the momentum bars for they represent a liquidity gap. Then I wait for the price to come back to see if buyers, (if its was an up move) will come back in and buy again with in the bar.

My question is, do you look at the market in that way, take trades in that way?

what should I look for beside a pin bar signifying more buying coming in?
  • #258
  • Dec 19, 2013 5:15am Dec 19, 2013 5:15am
Hi Dappa

I really wish I had named this thread "Beyond Supply and Demand"!
As far as S/D goes, your idea is OK, except you must really forget about reading candles; time doesn't come into the reality of market movement.
The real PA to look for is an engulf; the sign that price wants the next level. It's put simply HERE (http://readthemarket.com/index.php/education/markepedia/166-education1/markepedia/484-caps-rbd-dbr)

Also, look for them at the edge of the PAZ, information about which can also be found in Markepedia.
Get stuck in there, and study the great work done in the forum. EVERYTHING you'll ever need to know to be a perfect trader is in there. There's absolutely no misleading information (at least not from me or the old hands), so take every word seriously
  • #259
  • Dec 19, 2013 9:50am Dec 19, 2013 9:50am
Well, he's always welcome to come over and try to absorb it.
It may take time, but if he's cut out to be a trader, he'll get there in the end
  • #260
  • Dec 19, 2013 1:20pm Dec 19, 2013 1:20pm
Quoting mmaker
I doubt we can ever help Dappa. I have referred him to RTM but he is unable to understand any of the materials. I don't know why, but he just couldn't understand. {quote} {quote}
Much to his credit he is not the only one.
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