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ReadtheMarket - Supply and Demand with Price Action

  • #3,361
  • Jul 10, 2017 11:49am Jul 10, 2017 11:49am
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Price at previous DP to break low.

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Waiting for a FL to be engulf and to show sign of bear before shorting it to the next demand zone
  • #3,362
  • Jul 10, 2017 3:15pm Jul 10, 2017 3:15pm
Quoting 007Red
{image} Price at previous DP to break low. {image} Waiting for a FL to be engulf and to show sign of bear before shorting it to the next demand zone
If it breaks, will you enter at the swap level or will you wait the for the retracement to the source ?

How far will it retrace after engulf ? That is the question most find difficult to answer.
Maybe IF could point us to the right direction.

Also I noticed a strange PA around broken/ignored FLs. Can it be the PA you are talking about IF ?
  • #3,363
  • Jul 10, 2017 5:59pm Jul 10, 2017 5:59pm
Loooooooooooooooooooooooooooooooooooooooooooooooooooool
Meeee
  • #3,364
  • Jul 10, 2017 10:04pm Jul 10, 2017 10:04pm
Quoting zamiel
{quote} If it breaks, will you enter at the swap level or will you wait the for the retracement to the source ? How far will it retrace after engulf ? That is the question most find difficult to answer. Maybe IF could point us to the right direction. Also I noticed a strange PA around broken/ignored FLs. Can it be the PA you are talking about IF ?

hahaha, this is a good question.. swap level or decision point.. lets see IF would reply us.
  • #3,365
  • Jul 10, 2017 11:04pm Jul 10, 2017 11:04pm
https://readthemarket.com/index.php/en/181-english-lightblog/566-smoke-and-mirrors

different range = different zoning = different play

I'd very much like to contribute for an explanation, but somehow the mind can't properly translate into words. It would be much easier however if you (no marketing intended, whatsoever ) join RTM and learn for a while. Although, it seems to me that this thread + youtube videos are more than sufficient already.
  • #3,366
  • Jul 11, 2017 3:20am Jul 11, 2017 3:20am
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Into a FTR zone..

This seems like it is looking for a big drop.
  • #3,367
  • Jul 12, 2017 1:12am Jul 12, 2017 1:12am
Quoting 007Red
{image} Into a FTR zone.. This seems like it is looking for a big drop.
Zonings would be much better if we know what's to the left of this picture, ie. as much history as possible.
I'm not sure about the engulfs you mark due to unknown price history to the left.

If this is all i have, then i'll watch PA approach and reaction to the blue zones.
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One note, though: Price is taking too long to return for any good re-trade.

So on an opposite view, the spike above 15000 could be an engulf, and the drops could be a manipulation/trick to scare buyers away while the ITs are accumulating all the breakout-seller & trend-follower sell orders. However, they should buy at more/less the same level/zone they did in the past.
  • #3,368
  • Jul 17, 2017 4:36am Jul 17, 2017 4:36am
Quoting frech.dax
Something like this? Are those entries for longs or shorts.. sorry if I am asking newbie questions but I really want to learn it. Thanks in advance!! {image}
So I spent a lot of time watching the videos, the posts in this forum and also the picture I posted with the StopLoss areas. How can the reaction of breaking SLs help me to trade? Isn't it "just" an engulf? An hint to point in a direction where price wants to move too? But how am I able to find those pinpoint entries when the same is happening in the other direction (as a FO?)... argh...

I feel like I am on the edge of understanding it but at the same time i fail 50% of my predictions.
IF, you clearly started to make my head spinning
  • #3,369
  • Jul 18, 2017 7:23pm Jul 18, 2017 7:23pm
Hi IF,
May I ask about flag and pole?

Is this rule is still remain?

"The length move after flag is same with pole base before flag form"

Hope you answer..

Or may be at least the length is same as the pole but can be more

So it can not less than the pole?
RIP RTM
  • #3,370
  • Jul 19, 2017 3:14am Jul 19, 2017 3:14am
There's little to no such mathematics in the market.
Looking for it will lead you down the wrong path
  • #3,371
  • Edited 3:01am Jul 20, 2017 2:20am | Edited 3:01am
Hi IF,
I am trying.

Yes I hate the spread.

Are they both FTR? (The blue arrows)
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RIP RTM
  • #3,372
  • Jul 20, 2017 3:06am Jul 20, 2017 3:06am
Nope. From the information given, only one of them is
  • #3,373
  • Jul 20, 2017 3:30am Jul 20, 2017 3:30am
If you are a true master.
I see a BIG scam. LOOL
Meeee
  • #3,374
  • Edited 6:24am Jul 21, 2017 5:37am | Edited 6:24am
Hi, IF
Actually my buy limit order is already set.
But the price hit my SL.

Whats wrong with my reading???

Cause I think its QM
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RIP RTM
  • #3,375
  • Jul 22, 2017 10:36pm Jul 22, 2017 10:36pm
Quoting hendzwoter
Hi, IF Actually my buy limit order is already set. But the price hit my SL. Whats wrong with my reading??? Cause I think its QM {image}
Not sure what's wrong with the qm setup there but I'm pretty sure not all qm works the way we always wanted. I remembered one of the best quote if wrote in his site, that rtm traders are stoploss traders. Which I believe he means most rtm learners will have the edge in selling high and buying low, identifying potential entry etc but you won't always be right with the read. Sometimes your SL will still be triggered but that's the cost for trading the market. You make a small loss and you learn from mistakes, and live to make another great trade next time.
  • #3,376
  • Jul 22, 2017 10:55pm Jul 22, 2017 10:55pm
Well this is my personal view not sure if it's right maybe the others better rtm trader can correct me on this.

1. The dp to trend higher after breaking recent high but shortly after this it gets consumed and engulfed by top supply. So market is still pretty bearish from that point onwards.
2. It dives lower and engulfed a dbr (which I think its a dbr?) signalling it could go further south if it fails to return back later.
3. The price continue to buy up but stopped and unable to continue anymore just right at the edge of previous FL which decides to push price lower, proving the bear is still in control. Actually selling at that fl edge is best too imo.

Then what happens next is history.

That's just my 2 cents. I'm still new with rtm community haha
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  • #3,377
  • Jul 23, 2017 1:02am Jul 23, 2017 1:02am
Thanks, Jack.
Is it from Samsung Note 7?
RIP RTM
  • #3,378
  • Jul 23, 2017 1:09am Jul 23, 2017 1:09am
Quoting hendzwoter
Thanks, Jack. Is it from Samsung Note 7?
Nah just a note 5.
  • #3,379
  • Jul 23, 2017 10:45am Jul 23, 2017 10:45am
Hi IF,
And everyone,
Is trading with FTR based on RTM methodology always mess the chart with many rectangles?
RIP RTM
  • #3,380
  • Jul 23, 2017 1:41pm Jul 23, 2017 1:41pm
Quoting hendzwoter
Hi IF, And everyone, Is trading with FTR based on RTM methodology always mess the chart with many rectangles?
haha ya i get what you feel man. but i think the most relevant boxes are those thats close to your current price and you just look at price action alongside those boxes is enough. when you get your entry, or price action you wanted to see, you trade in, and find your next boxes(tg area).

when i started rtm i drew the whole chart with compression ,s/r , fl, fo etc blah blah blah. but those are just for training purposes i figured out in the end. you are just practicing to read past PA and understand market behavior. i think its ok to remove some of those unnecessary boxes and leave those you think is relevant to your current price. after all, KISS!
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