ReadtheMarket - Supply and Demand with Price Action

I'd love for someone to trade my account as I'd like it traded, so feel free to show me what you can do

hi, everybody! I want to tell many thanks of Ifmyante and Fxyogi and to others, thanks to them I learned a lot of new. and now, it would be desirable to ask IF, whether correctly I think? If of course it isn't difficult to answer. Thnx =)

more precisely whether in correct I go the direction.?

Today cad news cadjpy ready for manipulation

I just think that there is no difference between breakout and falseout. Do you think same?

There's a massive difference.
A fakeout engulfs an unimportant high or low, whereas a breakout engulfs a flag limit

I like your first chart, although I'd have missed the trade, waiting at the MPL.
Your second chart is too local, and doesn't show the other obstacles before your target

Is it normal if FL doesnt retrace on MPL?

Or I read it wrong?
Or I have misconception about RTM methodology?

Dear IF,

by 'too local' you mean his 2nd chart too narrow, didn't show enough leftside price story, is it?

based on his 1st chart, the target should not be the target marked on the 2nd chart -- target on 2nd chart is just too faraway to be valid.

It's very normal for a FL not to retrace to the MPL, and there's very good reason for it too

Yes, absolutely.

There are a number of possible turning points not visible on that chart

Umm...
IF,

This is my approach for RTM methodology when FL ignored.

Is there something wrong on it?

Okay, there are a few problems with this.

First, it seems that your MPL is lower than the low to its right, so the FL is drawn incorrectly.

Secondly, there are only an handful of candles on your chart. You won't understand a story by reading only one line of its text.

Overall, the analysis looks to be curve fit, so fix the mistakes above in your next analysis, and you should start to see price clearer

Hi IF,
Is it realistic to have a dream to become a part time trader?

That just need open the chart after New York market close?

And look at the market about 3 hours then go away?

Or it must be different?

Or its done by alert?

That's a really good question, and very important.
My ex'es brother turned his first 500, I think it was, into something like 14,000 in a few days, then lost it all on one trade, because overall he had no freaking idea what he was doing!
What I can say to your question is, yes.
But it's not going to be as easy as anybody tells you, unless you're the child who always sees the emperor's wearing no clothes.
I used to say that the best students I could have are the ones who come to me tabula rasa, knowing nothing. But now I'm beginning to see that people who've already been brainwashed by the management, but who can stand away now from the herd may actually be better than anyone else, as they can empathise with the herd, yet take their stops anyway.
It takes a long time to become a part time trader, because in order to be nonchalant yet profitable, you must be completely attuned to the mentality of the retailer and the IT.
So, yes, you can be a part time trader, but you've got to be a master first, who never deviates from his/her money management plan.

Is RTM down right now for maintenance?

Edit: its working now.

Hi!) thanks, I understood about the second chart, but, unless I am not right that if we engulf a flag on H4 that we have to go to the opposite purpose. namely to other FL, which is higher.
and, IF, prompt, I correctly drew MPL? (above and below). Thanks

Hi, IF.

Is the SL on one pair is remain same?
Or its just accidentally?

Hhehehehhe just a guess.

Dear IF, could you please share some insights on a fundamental question? it is not about 'secret' though :-)

Theoretically, can a master of RTM pa reading skill get the price movement 100% right? Or in other words, is a real PA always 100% telling the future price bias?

what kind of mindset should a trader have when facing the markets? (sorry, i realised this is 2nd question now, ...) he should aim at 100% method? or simply consistent performance?

If FTR engulfef the FL is not important anymore,

So, where is the FL now?

Cause price on the right turn arround.

Please help me....