ReadtheMarket - Supply and Demand with Price Action | Page 324 | 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

  • #6,461
  • Jul 4, 2020 2:55pm Jul 4, 2020 2:55pm
Hi guys . I am new to this topic .I love the RTM method and also Master IF and other masters. I decided to share here what I learned from chart analysis. It will be an honor for me to hear your feedback and guidance. thanks guys
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4.png Size: 51 KB
  • #6,462
  • Jul 5, 2020 1:36am Jul 5, 2020 1:36am
Quoting nobodyy
Hi guys . I am new to this topic .I love the RTM method and also Master IF and other masters. I decided to share here what I learned from chart analysis. It will be an honor for me to hear your feedback and guidance. thanks guys {image}
nice and good luck
if you can't explain it simply you don't understand it well enough
  • #6,463
  • Jul 5, 2020 8:08am Jul 5, 2020 8:08am
GU 4HR
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 185 KB
if you can't explain it simply you don't understand it well enough
  • #6,464
  • Jul 5, 2020 2:56pm Jul 5, 2020 2:56pm
Quoting nobodyy
Hi guys . I am new to this topic .I love the RTM method and also Master IF and other masters. I decided to share here what I learned from chart analysis. It will be an honor for me to hear your feedback and guidance. thanks guys {image}
Hey Nobody,

Welcome to the forum. It is great that you put your analysis to practice and are looking for suggestions as many times we try to force what we are looking for into the charts. Another set of eyes would be quick to catch this.

Your CP looks clean. I have a few questions about your marked FO zone. Could you please explain why you cut through this large wick?

Just looking at your chart. I see a CP after the wick which means that if price enters, it would want to break through to the other end and possible turn somewhere at the other end. Perhaps the LSK from the top of that red box?

Hope this helps spark some questions! I am working on asking these questions to myself as well!
  • #6,465
  • Jul 5, 2020 3:05pm Jul 5, 2020 3:05pm
Quoting AhmedYahya
GU 4HR {image}
Nice chart Ahmed. For your QM:

Can you justify this with the Kink that the HH reacted too? I am interested to see how this formed?

I have this drawn for my GU in the charts. It looks like there are other h1 QMs that formed and met entry already. The issue here in terms of risk management the level is very wide for these time frames.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 111 KB
  • #6,466
  • Jul 5, 2020 3:07pm Jul 5, 2020 3:07pm
Hey All,

I have been able to create some rectangle and trendline extenders/ flatteners to assist me in my trading.

I know it is very time consuming to do this manually, so I will post them here for free to make our lives easier!

Edit: It should automatically update with new price changes, but it you can simply change time frame and back if it is not extending automatically!
Attached File(s)
File Type: ex4 TRENDLINE EXTENDER.ex4   8 KB | 326 downloads
File Type: mq4 TRENDLINE EXTENDER.mq4   2 KB | 353 downloads
File Type: ex4 ZONE_EXTENDER.ex4   8 KB | 344 downloads
File Type: mq4 ZONE_EXTENDER.mq4   1 KB | 381 downloads
  • #6,467
  • Jul 5, 2020 3:56pm Jul 5, 2020 3:56pm
Quoting rocky1999
Hey All, I have been able to create some rectangle and trendline extenders/ flatteners to assist me in my trading. I know it is very time consuming to do this manually, so I will post them here for free to make our lives easier! Edit: It should automatically update with new price changes, but it you can simply change time frame and back if it is not extending automatically! {file} {file} {file} {file}
this is very useful thank you rocky1999 , another thing that can also be very useful in addition to the extension property of the trend lines and rectangles, is to add another option that enables the rectangles and trend lines to be seen only from their respective time frame and the time frames bellow it for example a trendline or rectangle in a monthly time frame should be seen in all time frames from the monthly to the 1 minute time frame, but a rectangle or trendline corresponding to the 15 minute time frame should be seen from the 15 minute chart to the 1 minute chart only.

Thank you very much mate
  • #6,468
  • Jul 5, 2020 4:54pm Jul 5, 2020 4:54pm
Quoting rocky1999
{quote} Nice chart Ahmed. For your QM: Can you justify this with the Kink that the HH reacted too? I am interested to see how this formed? I have this drawn for my GU in the charts. It looks like there are other h1 QMs that formed and met entry already. The issue here in terms of risk management the level is very wide for these time frames. {image}
"breakout-engulf-retrace-breakout" thegrimreap
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 231 KB
Click to Enlarge Name: Screenshot2.png Size: 151 KB
Click to Enlarge Name: Screenshot3.png Size: 137 KB
Click to Enlarge Name: Screenshot4.png Size: 134 KB
if you can't explain it simply you don't understand it well enough
  • #6,469
  • Jul 5, 2020 6:07pm Jul 5, 2020 6:07pm
Quoting benadil
{quote} this is very useful thank you rocky1999 , another thing that can also be very useful in addition to the extension property of the trend lines and rectangles, is to add another option that enables the rectangles and trend lines to be seen only from their respective time frame and the time frames bellow it for example a trendline or rectangle in a monthly time frame should be seen in all time frames from the monthly to the 1 minute time frame, but a rectangle or trendline corresponding to the 15 minute time frame should be seen from the 15...
I thought of this. However, what if we are marking a monthly level kink on the h1? I would still like to see this on the M.

Perhaps some software which set the TFs in which all drawings we make are in. So we are drawing H1 levels, it will set any drawing made during this time to be made even in the m1, to appear in the h1 chart and below.

My knowledge of coding is very basic at the moment, not enough to make something like this. Perhaps I will search the forums to find something of the sort and send it over here if I find it!
  • #6,470
  • Jul 5, 2020 6:14pm Jul 5, 2020 6:14pm
Quoting AhmedYahya
{quote} "breakout-engulf-retrace-breakout" thegrimreap {image} {image} {image} {image}
Very in depth analysis. Took me a few reads to understand what you were getting at!

I will add this to explain the place where price turned. a monthly LSK!

I find it is important to look at these HTF simple levels, these will usually work nicely. Where great money is made is to accurately scale down and precisely notice the PA on lower TFs with respect to these levels, and hopefully take a trade using these HTF levels and the precision of a LTF entry.

I think these HTF provide a strong road map for where price wants to go. The LTFs (where I am learning to master) are where we can define how it will get to said destination (target).
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 56 KB
  • #6,471
  • Edited 7:54pm Jul 5, 2020 6:33pm | Edited 7:54pm
absolutely

in the grand scheme of things , you dont need to swing at every pitch , but when you do it better count
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 123 KB
Click to Enlarge Name: Screenshot2.png Size: 152 KB
if you can't explain it simply you don't understand it well enough
  • #6,472
  • Jul 5, 2020 8:43pm Jul 5, 2020 8:43pm
AU Long
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSDH4.png Size: 32 KB
Click to Enlarge Name: AUDUSDDaily.png Size: 28 KB
Click to Enlarge Name: AUDUSDM5.png Size: 34 KB
  • #6,473
  • Jul 5, 2020 10:23pm Jul 5, 2020 10:23pm
If any body could help fix this code...

Tried to make the Charts appear on the defined TF as an MT4 indictor.

It currently set all drawings to be visible on selected TF or below.

I would like to be able to reload indicator, but allowing old drawings to be switched in terms of TF.

ANY HELP APPRECIATED.
Attached File(s)
File Type: ex4 OBJECT TF CONTROLLER.ex4   9 KB | 230 downloads
File Type: mq4 OBJECT TF CONTROLLER.mq4   2 KB | 358 downloads
  • #6,474
  • Jul 6, 2020 7:00am Jul 6, 2020 7:00am
Quoting rocky1999
{quote} Hey Nobody, Welcome to the forum. It is great that you put your analysis to practice and are looking for suggestions as many times we try to force what we are looking for into the charts. Another set of eyes would be quick to catch this. Your CP looks clean. I have a few questions about your marked FO zone. Could you please explain why you cut through this large wick? Just looking at your chart. I see a CP after the wick which means that if price enters, it would want to break through to the other end and possible turn somewhere at the other...
hey rocky
thanks for your replay . I think this could be one of the IT scenarios for collect more buy orders to fill their big sell orders.(This is my opinion and it could be completely wrong)
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4.png Size: 68 KB
  • #6,475
  • Jul 6, 2020 2:44pm Jul 6, 2020 2:44pm
xausd is it possible ?any one looking qm ?though gold is too bullish .please share your views so we can learn .thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: gold qm.png Size: 51 KB
Say something meaningful or Silence!!
  • #6,476
  • Jul 7, 2020 1:15am Jul 7, 2020 1:15am
Quoting nobodyy
{quote} hey rocky thanks for your replay . I think this could be one of the IT scenarios for collect more buy orders to fill their big sell orders.(This is my opinion and it could be completely wrong) {image}
this is the result .Now the main question is how can we identify the target of this move?
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH41.png Size: 65 KB
  • #6,477
  • Edited 7:13am Jul 7, 2020 6:56am | Edited 7:13am
Quoting AhmedYahya
hope this helps some one, and gives him the AHA moment I had {image}
a classic flip zone where resistance turned support and now retest from below which could lead to a (Probable ) downward move , notice that there is a QM at the top also, such scenario is possible granted , price may rise to test the upper level/zone from below.

the upper support/demand -now broken- turns resistance/supply.

and as always im a newbie this all might be wrong
Attached Image (click to enlarge)
Click to Enlarge Name: flips.png Size: 40 KB
if you can't explain it simply you don't understand it well enough
  • #6,478
  • Jul 7, 2020 8:40am Jul 7, 2020 8:40am
note about these points for a better risk to reward decision makings
Attached Image (click to enlarge)
Click to Enlarge Name: flips.png Size: 46 KB
  • #6,479
  • Jul 7, 2020 8:43am Jul 7, 2020 8:43am
gold short
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM5.png Size: 49 KB
  • #6,480
  • Jul 7, 2020 10:49am Jul 7, 2020 10:49am
Quoting AhmedYahya
{quote} a classic flip zone where resistance turned support and now retest from below which could lead to a (Probable ) downward move , notice that there is a QM at the top also, such scenario is possible granted , price may rise to test the upper level/zone from below. the upper support/demand -now broken- turns resistance/supply. and as always im a newbie this all might be wrong {image}
Hey Ahmed!

Concept is great. With a trade like this remember you SL is not above the HH as price could attempt to reach orders left in there and then FO into the level the HH is reacting too.

For this reason, we place the SL above this level that the HH is reacting too. This will usually avoid being Stopped out and then price heading in our direction. I know IF takes some trades with a SL or at least a mental SL just above the kink, but I think this is for much more seasoned traders (than me at least) that can tolerate much lower win rates in exchange for much larger R:R.
1 trader viewing now