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

In the process of retracing the price has engulfed a FL and hasnt reached the extreme of retrce yet hence we expect the price to go higher before going south provided that it doesnt reach the targets highlighted below
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The new question comes. How far shall the price retrace after the most recent engulf labelled above?
Here is my view below
I have been late to post the analysis but i have managed to take this trade. Lets see if it will work out. My main intention is to sell so this is the RT I am trading and I am not a master yet to trade the RT. but lets see how it plays out
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I have been stopped out of my trade. There were orders there but just enough to turn the price, Not enough to make a reveral to the target of the engulf. There is a lot to learn from this trade, A LOT. And I will be writing possible reasons for the loss
Until this point there are some points I have read wrong. About the sell orders in point A that was right, But about the most recent engulf and the retrace something must be wrong. The price must have reached the target for longs and ha reached a deep retrace point. I have to find out where did I read the market in the wrong way
Quoting beefStew
{quote} dont study my charts as they might be misleading. im in learning phase, i am posting my charts so that maybe someone can point out my mistakes or help me understand something. study those that have badges/diamonds on their username (except IF lol), and beware of them who act like they understand it.
Yups....
Stay on old timer and old videos....
Cause many learners here need to share what they try caused not really sure about it.
RIP RTM
Quoting PipPerfect
Until this point there are some points I have read wrong. About the sell orders in point A that was right, But about the most recent engulf and the retrace something must be wrong. The price must have reached the target for longs and ha reached a deep retrace point. I have to find out where did I read the market in the wrong way
If FL got engulfed. It doesn't mean price will follow.

Sound like I am liar?

But how many times you see that there is FL engulfed then price is still go away not to follow the engulf?

That's the point. Many of us already feel the same story. FL already got engulfed but no setup yet.

NB: I don't have badge here. So make sure that.... Um... May be I am wrong. Something like that.

Keep learning
RIP RTM
Quoting PipPerfect
In the process of retracing the price has engulfed a FL and hasnt reached the extreme of retrce yet hence we expect the price to go higher before going south provided that it doesnt reach the targets highlighted below {image}
not sure if its right or wrong, here's what i see

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RIP RTM - long live Nonsense Trading
Quoting hendzwoter
{quote} If FL got engulfed. It doesn't mean price will follow. Sound like I am liar? But how many times you see that there is FL engulfed then price is still go away not to follow the engulf? That's the point. Many of us already feel the same story. FL already got engulfed but no setup yet. NB: I don't have badge here. So make sure that.... Um... May be I am wrong. Something like that. Keep learning
Thanks for advice brother. I will keep working and get better with time
Quoting ahdat
{quote} not sure if its right or wrong, here's what i see {image}
This is a great view. thanks for sharing your idea brother.
Currently I have to investigate why the price has turned from Point 1. I will be posting my ideas soon. Any suggestions will be much appreciated
Quoting PipPerfect
In the process of retracing the price has engulfed a FL and hasnt reached the extreme of retrce yet hence we expect the price to go higher before going south provided that it doesnt reach the targets highlighted below {image}
Hi PipPerfect

Answer this... The first blue FL you have marked, why is it important? Is it even a FL?
After being a silent observer of this thread I feel like I'm slowly getting a feel of the RTM method. Big thanks to If and all the other traders for sharing such valuable knowledge.
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LOL
This is a tragedy.
Once the market open then it will be wiped out.

At worst, get MC.
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RIP RTM
GU
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Meeee
...
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Meeee
I missed IF.
This place is really really do need him.
RIP RTM
I have a question if anybody can give some advice here..
So there was an engulf below on GBPJPY, i thought the engulf came from green FL, and its origin has been reached. I thought then price would go to LSK below that green FL origin before coming down again and hit tg.

But apparently price went up further and i definitely got the FL from the wrong scale. Now there is 2 more possible FL which price came from (yellow and white). How do i avoid picking the wrong scale again?

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Ask, and it is given. Every single time, no exceptions.
Quoting beefStew
I have a question if anybody can give some advice here.. So there was an engulf below on GBPJPY, i thought the engulf came from green FL, and its origin has been reached. I thought then price would go to LSK below that green FL origin before coming down again and hit tg. But apparently price went up further and i definitely got the FL from the wrong scale. Now there is 2 more possible FL which price came from (yellow and white). How do i avoid picking the wrong scale again? {image}
Ok so we talk about FL Engulfed then FTR.
Uhm....
There is video about it on youtube.
readthemarketdotcom
"FTR Trade"

And not every good FL engulfed leads you to FTR Trade.

Experience will help you a lot beefstew
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RIP RTM
Quoting hendzwoter
{quote} Ok so we talk about FL Engulfed then FTR. Uhm.... There is video about it on youtube. readthemarketdotcom "FTR Trade" And not every good FL engulfed leads you to FTR Trade. Experience will help you a lot beefstew {image}
Umm no, thats not what i meant in my post.
I was talking about scaling and FO.
Ask, and it is given. Every single time, no exceptions.
3 traders viewing now, 2 are members:
chengchen08
,
thanap