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ReadtheMarket - Supply and Demand with Price Action

  • #261
  • Dec 19, 2013 4:28pm Dec 19, 2013 4:28pm
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}

hey man, good luck.
TO me, these stuff the guy teaches look more of an art hobby, than trading.

Quoting Ifmyante
What makes you think someone designed this garden? It could've just grown that way naturally {image} There is absolute order in the market. Nothing at all there happens by chance. That's why it's so easy to read what's going to happen next. There are rules which are strictly followed; so much so you'd imagine it's all run by algorithms, up to the moment when the signal is decided upon, and straight away thereafter. There is zero chaos in the market. It's elegantly designed; a beauty to behold
IF buddy, elegantly put! I agree on that being a fact and a very clever design.
It seems 2 people saying that makes a better statistic, for it to be true. haha

MIKY
--Be in the NOW or get lost in time.--
  • #262
  • Dec 19, 2013 7:21pm Dec 19, 2013 7:21pm
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}


Hmmm, There are lots of people who don't get it, it's not just me.
  • #263
  • Dec 19, 2013 7:24pm Dec 19, 2013 7:24pm
Quoting mmaker
He genuinely just couldn't understand, and it's been like this as far back as Jun 25th. Even further back if you followed his history. Not sure what style or method will suit him but definitely not Demand/Supply or RTM. This is not for him. {quote}

Are you one of the teachers on the forum RTm?
  • #264
  • Dec 19, 2013 8:57pm Dec 19, 2013 8:57pm
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}
I dont think this is a fair assesment, we all have different learning curves, preconceptions and have been conditioned to see the market one way or another depending what school of thought one has studied. for instance I went down the rabbit hole of microstucture which also included scholary articles by Humboldt-Universität zu Berlin, Germany and Order aggressiveness of institutional and individual investors Deakin University, and many more. I thought up until yesterday it was important! I also looked at fundementals and pricing through macro events. However, to do this soooooooo much time needs to be devoted to the application everyday.


For me, I am obviously focusing on things and issues that dont really matter and it took another post by FX sniffer for me to understand this. My lightbulb moment has only come in the last 24 hours. Im never going to know the makeup of the limit and market orders or what percentage of this and that moved the market. One thing I do know to be true is that the market will move up and down because of the imbalance and the retest has the best chance because path of least resistance are with these zones more times than not. I cant predict or know the reasons, even with spending hours trying to tie fundementals such as pricing in the chance of the fed and Bernake pulling back on QE or the latest on ABENOMICS for the yen, whether the zone was truely created because of a Risk on Risk off trade, comments by Draghi and whether on not he has taken his prozac or if its just a massive stack of orders due to a hedge on that particular price?????? I will never know why, and I am now comfortable with that.....


Dappa head back over to RTM, read the articles over and over and watch the vids by Ifmyante (espcially the engulfing one), it has examples). Write down what you understand and what you dont understand, than do research or better yet actually work on what is making sense and than ask some structured questions in their designated forum regarding the missing pieces of the puzzle.


I have previouly had PM's over there with FXsniffer (although because of my preconceptions of the market, it took his post yesterday for me to actually understand and listen to what he was saying!) and Ifmyante seems to really care about the content and making sure people understand.


If you like the concepts of this style of trading dont give up!


I am finally moving forward and because of my previous understandings I have had to accept that I was focusing on issues that dont really matter and are counterproductive to this style of trading.


All the best to all!
Bye Bye FF
  • #265
  • Dec 19, 2013 10:25pm Dec 19, 2013 10:25pm
Quoting dappa
{quote} Could you attach a pick of this? I still don't get how you read this. Call me stupid. lol.. I have seen your chart pics, but I still don't get how you are reading the chart. Its as though you know whats happening and know when to buy or short. Is it the engulf thats your signal?
Attached screenshot is what IF was talking about. After the engulf, price was very unlikely to break back through the extreme of the supply zone it just came from. The unfilled sell orders were lined up there - you can see the zone was like a brick wall, andthen a nice engulfing candle that was the final PA confirmation that price was going down. The supply zones were easily drawn in advance, just waiting for an engulf clue then return, so this is not just hindsight.

You guys are REALLY over complicating this. It's all on the Readthemarket website - but, it does require time and effort to actually read through and practice. Look for and study engulfs, FTR/FTBs, and flags and you'll be amazed at how you'll begin to see how price moves.
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  • #266
  • Dec 20, 2013 1:09am Dec 20, 2013 1:09am
Quoting jeffx
{quote} Attached screenshot is what IF was talking about. After the engulf, price was very unlikely to break back through the extreme of the supply zone it just came from. The unfilled sell orders were lined up there - you can see the zone was like a brick wall, andthen a nice engulfing candle that was the final PA confirmation that price was going down. The supply zones were easily drawn in advance, just waiting for an engulf clue then return, so this is not just hindsight. You guys are REALLY over complicating this. It's all on the Readthemarket...
The real issue - as in all price formation - is that it's after the fact, (hind sight always = 20/20) and is therefore not reliable.
You will be lucky on some and can post a chart to "prove" that it's valid and then make sure to ignore the ones that are losers...
  • #267
  • Edited 2:02am Dec 20, 2013 1:28am | Edited 2:02am
Quoting Ifmyante
What makes you think someone designed this garden? It could've just grown that way naturally {image} There is absolute order in the market. Nothing at all there happens by chance. That's why it's so easy to read what's going to happen next. There are rules which are strictly followed; so much so you'd imagine it's all run by algorithms, up to the moment when the signal is decided upon, and straight away thereafter. There is zero chaos in the market. It's elegantly designed; a beauty to behold
The price structure cannot be designed. Of course the brick and mortar (buildings, computers) that hosts the market is designed - just like the design for your garden - but what "grows" in the market (price movement) - or in your garden (the plants)- is a natural phenomenon and therefore follows natural (sometime chaotic) laws.
There is no order in the market most of the time.
  • #268
  • Dec 20, 2013 3:30am Dec 20, 2013 3:30am
Dear Mingary, you are very wrong.... I have experienced myself that price is easily readable and predictable once you take your time to learn it properly...

Pls have a peek in my RTM journal.
http://www.readthemarket.com/index.php/forum/journals/1577-les-paul-s-journal?start=275#26763

feel free to join us anytime :-)

LP
  • #269
  • Dec 20, 2013 4:41am Dec 20, 2013 4:41am
Quoting Mingary
{quote} The price structure cannot be designed. Of course the brick and mortar (buildings, computers) that hosts the market is designed - just like the design for your garden - but what "grows" in the market (price movement) - or in your garden (the plants)- is a natural phenomenon and therefore follows natural (sometime chaotic) laws. There is no order in the market most of the time.

If you really believe that, then you accept that you're gambling on chaos. That's a very dangerous and costly thing to to!

To anybody who feels there's no order in the market: Seek the truth or give up now
  • #270
  • Dec 20, 2013 5:17am Dec 20, 2013 5:17am
OOP

Sorry, was editing in some reasoning while you posted!

The red dotted line is a trade marker, a line between entry and exit
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  • #271
  • Dec 20, 2013 5:34am Dec 20, 2013 5:34am
Quoting Ifmyante
{quote} If you really believe that, then you accept that you're gambling on chaos. That's a very dangerous and costly thing to to! To anybody who feels there's no order in the market: Seek the truth or give up now
As I said: there is no order in the market most of the time.
adding to this: this "order" changes over time.
adding more to this: the only reason any method appears to work is due to proper trade selection and especially proper risk management.

and finally: The mind wants to see what the mind wants to see.
  • #272
  • Dec 20, 2013 5:57am Dec 20, 2013 5:57am
Quoting Ifmyante
OOP Sorry, was editing in some reasoning while you posted! The red dotted line is a trade marker, a line between entry and exit {image}
is it only an illustration or was it a real trade taken on a live account?
  • #273
  • Dec 20, 2013 6:07am Dec 20, 2013 6:07am
Quoting Mingary
{quote} The real issue - as in all price formation - is that it's after the fact, (hind sight always = 20/20) and is therefore not reliable. You will be lucky on some and can post a chart to "prove" that it's valid and then make sure to ignore the ones that are losers...

Thank you, well said.
  • #274
  • Dec 20, 2013 6:23am Dec 20, 2013 6:23am
Quoting Mingary
{quote} As I said: there is no order in the market most of the time. adding to this: this "order" changes over time. adding more to this: the only reason any method appears to work is due to proper trade selection and especially proper risk management. and finally: The mind wants to see what the mind wants to see.

In that case, I won't argue with you. I can only advise you to never, ever trade
  • #275
  • Dec 20, 2013 6:25am Dec 20, 2013 6:25am
Quoting 200km
{quote} is it only an illustration or was it a real trade taken on a live account?
All my trades are live
  • #276
  • Edited 6:47am Dec 20, 2013 6:34am | Edited 6:47am
Quoting Ifmyante
{quote} In that case, I won't argue with you. I can only advise you to never, ever trade
I do trade and I am profitable.
I would be losing quite a lot if I did not implement what I just said (and more of course) on every trade.
Supply / demand - price action is meaningless in itself. It's only one of the thousands of proxies that people use to make sense of that treacherous price move.
If anyone makes money using "Supply / demand - price action ", it's not because it was used correctly - or that it "works" at all (or not).. it's because they managed to pull some pips from what they perceived as an opportunty provided by their pet methodology. To "pull some pips" is what's important, but some people prefer to argue about their ideas about the zigs and zags of the market.
In itself any method is meaningless.
  • #277
  • Dec 20, 2013 6:56am Dec 20, 2013 6:56am
Mingarry

You're either intentionally trying to discredit the truth using no logic or reason to support your claims, or you're totally deluded.
Either way, this thread is built on the presumption that there's order in the market, so your comments have no place here.

I suggest you start the "It's all Random" thread. Best of luck on your journey through the darkness
  • #278
  • Dec 20, 2013 7:12am Dec 20, 2013 7:12am
Quoting Ifmyante
Mingarry You're either intentionally trying to discredit the truth using no logic or reason to support your claims, or you're totally deluded. Either way, this thread is built on the presumption that there's order in the market, so your comments have no place here. I suggest you start the "It's all Random" thread. Best of luck on your journey through the darkness
and I do not see any reason or logic to support your claim that there is order in the market..

"built on a presumption is correct" .. to assume is a dangerous proposition (ass u me) . I prefer truth and facts.
I do not believe "it's all random" -
Since I no longer pressume or assume I walk in the light.
  • #279
  • Dec 20, 2013 7:23am Dec 20, 2013 7:23am
What I was trying to say is, I greatly distrust your motives for being here, and while I have such misgivings about you, it's counterintuitive for me to entertain you further.

In fact, I reckon I'll just tell the next heckler to F**k Right Off!

Everyone else, please excuse my language
  • #280
  • Edited 8:38am Dec 20, 2013 8:25am | Edited 8:38am
Quoting Ifmyante
What I was trying to say is, I greatly distrust your motives for being here, and while I have such misgivings about you, it's counterintuitive for me to entertain you further. In fact, I reckon I'll just tell the next heckler to F**k Right Off! Everyone else, please excuse my language
I don't need to be entertained.
Counterintuitive, perhaps yes, it's making you think and you don't want to go there.

Anyhow, You hanged your shingle in the commercial section, not me.

I am just joe public looking at what you have to offer.

What does your statement above really say above YOUR motives ? I think if you have all the answers you should be a bit less "virulent" especially if you wish to aspire to forex guru status.
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