Attachments: ReadtheMarket - Supply and Demand with Price Action

ReadtheMarket - Supply and Demand with Price Action

#8,001
Jul 27, 2023 7:38am Jul 27, 2023 7:38am

ahdat
Joined Jan 2017 | Status: Trader | 406 Posts

Quoting GianfiDipp

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{quote} {image}

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hmmm i dont see a short signal. personally i wouldn't have looked for shorts when price got back to your level. at least without additional pa. if you look even further, the level where price turned is actually a signficant key level from the past.

RIP RTM - long live Nonsense Trading

#8,002
Jul 27, 2023 7:40am Jul 27, 2023 7:40am

Danger-Mouse
Joined Mar 2019 | Status: Trader | 944 Posts

Quoting Hoplite

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{quote} {image}

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Hmm..it reached the kink of the kink..I thought these days that was considered target hit?

#8,003
Jul 27, 2023 7:43am Jul 27, 2023 7:43am

ahdat
Joined Jan 2017 | Status: Trader | 406 Posts

Quoting Hoplite

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{quote}u mean when the london open we might have a fake out that can trade it?

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yea right around london open, us open, and us lunch. quite common to get a reversal and it'll run for the rest of the session. Or a trend continuation pattern. strong move along with the overall trend, deep retrace back to some holding flag, then just runs. not a bad idea to study the openings, the types of moves it makes and when, % of time it makes which move, etc...

RIP RTM - long live Nonsense Trading

#8,004
Jul 27, 2023 7:48am Jul 27, 2023 7:48am

Hoplite
| Joined Sep 2022 | Status: Non-member | 60 Posts

Quoting Danger-Mouse

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{quote} Hmm..it reached the kink of the kink..I thought these days that was considered target hit?

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in classic rtm kink of the kink is less importance but when u say this days i have no idea,but we can explore it in chart to see the result.(yes i saw great reaction on kink of kink but coudnt still explain it to myself)

Forever a Soldier

#8,005
Jul 27, 2023 7:54am Jul 27, 2023 7:54am

Hoplite
| Joined Sep 2022 | Status: Non-member | 60 Posts

Quoting ahdat

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{quote} yea right around london open, us open, and us lunch. quite common to get a reversal and it'll run for the rest of the session. Or a trend continuation pattern. strong move along with the overall trend, deep retrace back to some holding flag, then just runs. not a bad idea to study the openings, the types of moves it makes and when, % of time it makes which move, etc...

Ignored

tnx.i'll consider it

Forever a Soldier

#8,006
Jul 27, 2023 7:55am Jul 27, 2023 7:55am

ahdat
Joined Jan 2017 | Status: Trader | 406 Posts

Quoting Danger-Mouse

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{quote} Hmm..it reached the kink of the kink..I thought these days that was considered target hit?

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this is what i was seeing overall. there are 2 pole origins the qm can run back down to

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RIP RTM - long live Nonsense Trading

#8,007
Jul 28, 2023 3:37am Jul 28, 2023 3:37am

classy
Joined Jun 2012 | Status: Trader , Analyst and Mentor | 5,884 Posts

Quoting hoplite

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{quote} hi.the code is correct u use it wrong bro, put st in description in input menu then put the same thing in description on trendline u want to be horizontal.

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bro i don't know what i am doing wrong? Please check attached image .one image can explained 100 words . Can you show me ?thanks

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Say something meaningful or Silence!!

#8,008
Jul 28, 2023 4:35am Jul 28, 2023 4:35am

Hoplite
| Joined Sep 2022 | Status: Non-member | 60 Posts

Quoting classy

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{quote} bro i don't know what i am doing wrong? Please check attached image .one image can explained 100 words . Can you show me ?thanks {image} {image} {image} {image}

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1video=100 image

Attached File(s)

2023-07-28_13-05-05.mp4 985 KB | 263 downloads

Forever a Soldier

#8,009
Jul 28, 2023 8:37am Jul 28, 2023 8:37am

classy
Joined Jun 2012 | Status: Trader , Analyst and Mentor | 5,884 Posts

Quoting Hoplite

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{quote} 1video=100 image {file}

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yes yes bro problem solved.may many thanks for selfless help.may GOD bless you.

Say something meaningful or Silence!!

#8,010
Jul 28, 2023 10:21am Jul 28, 2023 10:21am

mvf
Joined Jul 2020 | Status: Trader | 361 Posts

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#8,011
Jul 29, 2023 5:58am Jul 29, 2023 5:58am

fdx
Joined Jan 2017 | Status: Trader | 274 Posts

Quoting mvf

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{image}

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I was targeting the MPL.. So missed it.

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#8,012
Jul 29, 2023 6:31am Jul 29, 2023 6:31am

m.asadi
| Joined May 2021 | Status: Trader | 19 Posts

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#8,013
Jul 29, 2023 10:21am Jul 29, 2023 10:21am

mvf
Joined Jul 2020 | Status: Trader | 361 Posts

Quoting fdx

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{quote} I was targeting the MPL.. So missed it. {image}

Ignored

I got lots of missed entry, a lots wrong entry too.
for this particular trade, M1 did nto give much information, but knowing it was in that range, so just give it shot.
What matters is the expectation management.
In a previous trade, buy limit set in the range. We know from hindsight that it was broken and turned out to be a failed trade. However, was it a good range, it was, the price did react, just did not pull a big move. At the end of day, we take whatever market gives us, win or loss. We don't fight market, if price turns against us, cut loss swiftly.
Good charts presenting here shows RMT actually works, so that we have some confidence to carry on.

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