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ReadtheMarket - Supply and Demand with Price Action

  • #3,501
  • Sep 13, 2017 3:45am Sep 13, 2017 3:45am
Quoting Ifmyante
That's right. Gambling with an edge offers traders some scraps from the table of the institutions, allowing them to enter trades in places where the ITs aren't very interested. If, however, you teach the World exactly where price will turn, you'll soon find that price will bounce there and quickly advance to take all stops. That's why RTM is the box filled with all the pieces of the puzzle, and not the complete picture. If you're meant to be a great trader, you'll piece it all together. If not, you'll never get it
Ummm..
Even on RTM paid too? IF?
RIP RTM
  • #3,502
  • Sep 13, 2017 6:53am Sep 13, 2017 6:53am
Rtm is a friendly community. I believe it's fair to pay for an effort of kindness by If and his group. I'm not saying it's fair for everyone and knowledge should be shared without limitations, but think of it as a token of appreciation for someone who has build a bank of knowledge, along with others who are willing to help you out. If it's free people would just take it for granted anyways. When your in there, you will feel the need to be serious and make a change. Trust me
  • #3,503
  • Sep 14, 2017 12:08am Sep 14, 2017 12:08am
if, i just wonder, can we make money with this technique (FL to FL) base only m15 timeframe only, with RiskReward ratio min 1:3?, because sometime i see FL in m15, but it not appear in Higher timeframe.. tq
  • #3,504
  • Sep 14, 2017 1:52am Sep 14, 2017 1:52am
Hi IF,
Um...
There was a moment or more....
That I think you hide something from unpaid member like me and others....
But.... Actually when I think you did it. You try to help me...

LOL.
Im melancholic person....

Um.... Its hard to believe someone today....
Yeah...
Im not a good man
But there was kind people somewhere and somewhere else change my paradigm.

Why I said this in this thread.
I dont know.
Its hard as human to talk money with clean mind and clean heart.

Hehe
RIP RTM
  • #3,505
  • Sep 14, 2017 3:15am Sep 14, 2017 3:15am
Quoting searingarrow
if, i just wonder, can we make money with this technique (FL to FL) base only m15 timeframe only, with RiskReward ratio min 1:3?, because sometime i see FL in m15, but it not appear in Higher timeframe.. tq
Um
Please give yourself a try from D1 to go down.
Yes ussually like that way. You must zoom in yes.
When you really know where is entry and SL, Ussually it is less than 10 pips sometime it is less than 2 pips.

Many people said "Just my two cents or two pips".
Please think more. You must follow RTM style. Yes. But its still a puzzle. Feel free to try something didnt tell in RTM.
RIP RTM
  • #3,506
  • Sep 14, 2017 3:58am Sep 14, 2017 3:58am
Quoting hendzwoter
Hi IF, Um... There was a moment or more.... That I think you hide something from unpaid member like me and others.... But.... Actually when I think you did it. You try to help me... LOL. Im melancholic person.... Um.... Its hard to believe someone today.... Yeah... Im not a good man But there was kind people somewhere and somewhere else change my paradigm. Why I said this in this thread. I dont know. Its hard as human to talk money with clean mind and clean heart. Hehe
I've written a lot of lessons in here, in RTM, and in the academy. I don't remember what I wrote where, as I've been doing it for years.
But I can imagine that I went into far more detail in my own sites, as they're where I feel at home. Now that RTM is no longer free, I also feel that my duty of care is to our members there, so that's where I do 99.99% of my work, and I love the synergy created there
  • #3,507
  • Sep 14, 2017 4:06am Sep 14, 2017 4:06am
Quoting searingarrow
if, i just wonder, can we make money with this technique (FL to FL) base only m15 timeframe only, with RiskReward ratio min 1:3?, because sometime i see FL in m15, but it not appear in Higher timeframe.. tq

We have traders working in all scales, and on a daily basis, they're returning with 1:15 and more.
Some of them can be seen in our facebook page (https://www.facebook.com/readthemarket/).


Note to self: update fb page
  • #3,508
  • Sep 14, 2017 4:29am Sep 14, 2017 4:29am
Here's a good example I just found:

Two traders, as so often happens, took the exact same trade (without prior discussion) last night, and each got 10R for their efforts!
Nicely done Franc and Zee


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  • #3,509
  • Edited 5:21am Sep 14, 2017 4:58am | Edited 5:21am
It is make good zone because it near D1 supply level, and make FTR in m15 fresh level right? correct me if im wrong.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD m15 (09-14-2017 1711).png Size: 77 KB


My question is when we put sell limit order at ftr? before vertical line-1, or after engulf at before vertical line-2?

Sorry i have some question again, are u consider entry if the level fl/ftr got quick retest (it still fresh or not?), and are u consider small/big leg out candle after engulf?
thx for ur response..
  • #3,510
  • Sep 14, 2017 5:37am Sep 14, 2017 5:37am
For me this was all after vertical 2

Attached Image (click to enlarge)
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A quick retest is great if there are stops to be had. In this case, there were. But there was perfect PA here in advance of the trade, offering nice R.

Candle shapes mean nothing to us. They're just another part of the propaganda machine, giving the uneducated a sense of hope that they have a good reason to trade.
  • #3,511
  • Sep 14, 2017 6:53am Sep 14, 2017 6:53am
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD m15 (09-14-2017 1848).png Size: 75 KB


Why pick that FTR, even there no zone before 1. engulf?
  • #3,512
  • Sep 14, 2017 7:03am Sep 14, 2017 7:03am
Is everyday there is a setup? So we just focus on one pair is enough?
RIP RTM
  • #3,513
  • Sep 14, 2017 7:31am Sep 14, 2017 7:31am
Quoting searingarrow
{image} Why pick that FTR, even there no zone before 1. engulf?
The left shoulder is screaming at you from that side of the chart
  • #3,514
  • Sep 14, 2017 7:35am Sep 14, 2017 7:35am
Quoting hendzwoter
Is everyday there is a setup? So we just focus on one pair is enough?
There are usually great trades to be taken every day. However, with the high R achievable, there's no need to trade every day.

You can focus on as many or few pairs as you like. Once you only take the trades that are screaming to be taken, you're golden
  • #3,515
  • Sep 14, 2017 7:36am Sep 14, 2017 7:36am
Daily Short AUDNZD
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  • #3,516
  • Sep 14, 2017 9:45am Sep 14, 2017 9:45am
IF, is my drawing (green and black boxes) correct if I want to follow FL trail? Sometimes I get confused when price engulf then make a deep retrace like this, or when more than one FL break with a single long candlestick.
Thanks

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  • #3,517
  • Sep 14, 2017 10:12am Sep 14, 2017 10:12am
That looks good
  • #3,518
  • Sep 14, 2017 12:25pm Sep 14, 2017 12:25pm
1:37 closed today by Franc.
That's how RTMers roll

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  • #3,519
  • Sep 14, 2017 3:02pm Sep 14, 2017 3:02pm
Quoting Ifmyante
1:37 closed today by Franc. That's how RTMers roll {image}
Hi if i think he took the trade based on a Quasimodo pattern his Target was the origin of the down move , 37r is an incredible reward but the stop loss shouldnt be below the cap down and not the shoulder of the quasimodo?
  • #3,520
  • Sep 14, 2017 3:12pm Sep 14, 2017 3:12pm
For the trade he took, the stop is perfect, given the LTF PA he had
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