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ReadtheMarket - Supply and Demand with Price Action

  • #7,901
  • Jun 29, 2023 9:32am Jun 29, 2023 9:32am
Great trades matrix, last time you drawing the market by yourself, if i may ask, what's your win ratio? Do you have any stops, could you show us too?
Keep posting your beauty charts, it motivates everyone here
  • #7,902
  • Jun 29, 2023 10:10am Jun 29, 2023 10:10am
Quoting benadil
{quote} nice trades ,for targets, do you take partials?, do you take off 50% at your first conservative target? and for entries do you touch trade? or you wait for confirmation entries or approach pa? and do you take trades with your directional bias or you just trade your levels irrelevant of the market direction. I know too many questions but congratulations for the trades. here are some of my trades today: {image} {image}
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  • #7,903
  • Jun 29, 2023 10:36am Jun 29, 2023 10:36am
Quoting szpenio
Great trades matrix, last time you drawing the market by yourself, if i may ask, what's your win ratio? Do you have any stops, could you show us too? Keep posting your beauty charts, it motivates everyone here
I
I have 8 steps to confirm key level and FTR , so If it meets all no loss. This is my loss for today. And take note for wrong reading.
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  • #7,904
  • Jun 30, 2023 4:19am Jun 30, 2023 4:19am
Quoting matrix2017
{quote}I I have 8 steps to confirm key level and FTR , so If it meets all no loss. This is my loss for today. And take note for wrong reading. {image}
It's curious, because when i analyze your trades, i think i get that till the ones like this UC. So many disappointing informations, especially when it comes about key levels. Seems from charts that engulf it's not always in your trades so you need to be really confidence with your lvls, am i right? What make you think that exactly this one "tricky lvl" will bounce price, maybe too obvious question, sorry for the rudeness and of course no need to answer if you feel that i'm going to deep.
Btw. do you even pay attention to FLs? or just horizontal lines
  • #7,905
  • Jul 2, 2023 7:25am Jul 2, 2023 7:25am
hi matrix2017, from my observation your key level is just an SNR with reaction of price is it true?
  • #7,906
  • Jul 3, 2023 12:27am Jul 3, 2023 12:27am
Quoting mohdkhairi91
hi matrix2017, from my observation your key level is just an SNR with reaction of price is it true?
from my chart may be like that. But actually SNR is not in my steps.
  • #7,907
  • Jul 3, 2023 12:27am Jul 3, 2023 12:27am
EN
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  • #7,908
  • Jul 3, 2023 12:56am Jul 3, 2023 12:56am
This week setups. These zones have two possible entries to avoid huge stoploss. One at top of D1 zone where we wait for BOS at LTF. If no BOS, no trade. Than we wait for price to reach H1 zones inside D1 zone. Here we set limit orders bcz our stoploss is minimized and they mostly work. We will review the results over weekend.
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  • #7,909
  • Jul 3, 2023 7:58am Jul 3, 2023 7:58am
Quoting matrix2017
{quote} from my chart may be like that. But actually SNR is not in my steps.
ok thnks matrix2017 will be studying your chart i think i get a little bit but will try to backtest
  • #7,910
  • Jul 4, 2023 1:39am Jul 4, 2023 1:39am
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LTF AUDUSD, should go higher but let's see.
Simplicity Is The Ultimate Sophistication ~LDV~
  • #7,911
  • Jul 4, 2023 11:06am Jul 4, 2023 11:06am
Quoting alterchristo
{image} LTF AUDUSD, should go higher but let's see.
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Closed AUDUSD

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I was aiming for 1.27416 as my TG on GBPUSD, but price couldn't make it till near London Close, so close it.
Simplicity Is The Ultimate Sophistication ~LDV~
  • #7,912
  • Jul 5, 2023 2:55am Jul 5, 2023 2:55am
Quoting alterchristo
{quote} {image} Closed AUDUSD {image} I was aiming for 1.27416 as my TG on GBPUSD, but price couldn't make it till near London Close, so close it.
Salivan style trading. I love it!
  • #7,913
  • Edited 1:04am Jul 6, 2023 12:53am | Edited 1:04am
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  • #7,914
  • Jul 6, 2023 11:28am Jul 6, 2023 11:28am
Quoting matrix2017
EN {image}
Hi matrix, do you still hold EN trade? May I ask you about this? question on chart.
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  • #7,915
  • Edited 12:02pm Jul 6, 2023 11:46am | Edited 12:02pm
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  • #7,916
  • Jul 7, 2023 6:58am Jul 7, 2023 6:58am
Quoting mvf
{image} {image}
Nice mvf
The matrix 8 points?
1. Clear left shoulder with nice history.
2. Breaks LS with kink.
3. Retrace to LS that falls short (maybe not necessary for this particular trade)
4. Break back above LS and retrace back BELOW it...important
5. Break that large kink that broke the LS on way backup
6. Buy on return to the LS..look for clues that buyers will step in..eg line of lows just above the LS for stophunt.
7. Target kink on LS (7) above.
8. Ideally some H's below the LS kink for exiting on stoplosses.

And that's the one thing I'm not sure about this trade? Isn't it a case of "target hit" before the drop to point 6 for the buys? Or do you expect the extreme of the target to hit?

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  • #7,917
  • Jul 7, 2023 7:45am Jul 7, 2023 7:45am
Ok, as far as that target goes, I'll admit I should've zoomed out for the bigger picture first
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  • #7,918
  • Jul 7, 2023 10:01am Jul 7, 2023 10:01am
Quoting Danger-Mouse
Ok, as far as that target goes, I'll admit I should've zoomed out for the bigger picture first {image}
I'd agree. It is approaching target now. will see how it reacts and decide to stay and close.

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  • #7,919
  • Jul 7, 2023 1:36pm Jul 7, 2023 1:36pm
Quoting Danger-Mouse
{quote} Nice mvf The matrix 8 points? 1. Clear left shoulder with nice history. 2. Breaks LS with kink. 3. Retrace to LS that falls short (maybe not necessary for this particular trade) 4. Break back above LS and retrace back BELOW it...important 5. Break that large kink that broke the LS on way backup 6. Buy on return to the LS..look for clues that buyers will step in..eg line of lows just above the LS for stophunt. 7. Target kink on LS (7) above. 8. Ideally some H's below the LS kink for exiting on stoplosses. And that's the one thing I'm...
Good analysis Danger Mouse, but are those 8 points or steps your own or are they really Matrix steps? I hope Matrix will clarify whether he follows those very steps or at least validate some of the steps you pointed out.
  • #7,920
  • Jul 7, 2023 2:51pm Jul 7, 2023 2:51pm
Quoting benadil
{quote} Good analysis Danger Mouse, but are those 8 points or steps your own or are they really Matrix steps? I hope Matrix will clarify whether he follows those very steps or at least validate some of the steps you pointed out.
Hi, I guess they are not gonna be his exact steps in closer inspection.
The most important step 1 will be identifying the correct left shoulder with regards to what happened to the left of it...that may involve a few steps on it's own.
I think it's also important that step 5 takes out the recent high before 4, but also it must not go too far and invalidate a target.
I think it's also good to see a nice plunge down below a recent line of lows (step 6) to show intent to take retail stops before rising.
Step 8..well that's gonna be dependent on what we identify as important in step 7...and that is my achilles heel. I try to trade on the LTF, but when I zoom out to look at HTF scale I confuse myself
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