Price is everything

Follow and trade it.

But Red forgot tell you one thing.You can of course use his method for trading but you won't make money in long run.Well Red could not make money even in short period( in one month he've got Mr.MC).
I am not even talking about cult call RTM and specially Mr.IF who even try to ''optimize'' Red's method for sell and make money in forex(he can not make money in forex using this +his method(which in the base is the same to Red's) )by teaching others(don't ask me how they make money if even their teacher can make it).
Thing is their both make money in forex but not with trading.This method is great+RTM's+you put something yours (like Sell zone=Supply zone Etc.)and then post plenty win trades(open a few demo acc. and post right one).Then when you have a few followers(try make as a cult(RTM specialty) you should start to make some money in forex.
Well it is not easy way but in this way is yours risk profile very well define and you have much better chances to ''trading'' teaching forex for living.
All the best.
FX

PS.Rufus this post was not address directly to you but rather to people who jump here and are very exiting making money in forex by trading.

Hmm.. Red's method is only the alphabet. RTM is a whole new language. Both cannot be compared either.

is this the same RTM academy who fakes many statements and bring faked client account statements? do really so many fall into this bullshit scam when they use this easy to see fakes? i did only see ifmyante (very unexperienced trader) and chica (not very smart and honest) from this threat, who tried to hide the fake statements behind blocking people to say the truth and not answering to arguments.

at least you can see also very easy, how bad this teachers are, that they have to fake the statements and dont have good long term results to present. many looks like they have problems with this and cant see it so easy and like to be scammed.

in "scammers - hall of shame" thread this RTM academy scam is already a topic.

True. A big difference is that Red posted nearly every trade he took live. IF and all the rest of the RTM idiots post little to nothing.

HI Fx

I did not take it personally. Red is truly a master trader.

Sometimes RED and RTM are thrown around together. Traders should know they are not one in the same.

I have taken a lot from here as well as a number of other things and incorporated them together in my trading. Each must find their own path, one size never fits all.

Rufus

lol..

"lol" will not help when you defend a known faker.

you look very often like marketing a little bit this RTM academy fraud (maybe it only looks like this, but you really write often in this style). at least you are in line that this ifmyante is a cheater and faker with many things, maybe in private he is a nice man, but in business he is a big cheater. but when you defend him without arguments and defend him by knowing some of his fakes (and i dont think you really cant see it, you dont look so total new beginner), i dont understand this sometimes.

so your argument is: even when ifmyante has to fake so many things because he cant trade and has big problems with experience and dont have good wins in long term, its still ok not to mention this and say his free course is not total worthless, because maybe other can win with this what ifmyante was unable to do for his own and need to fake wins? then his fakes to bring people to the extrem expensive and worthless payed course is then what?

I don't want to defend anyone. .. I have read the Red's thread few times.. I have practiced them as most of you.. And I have practiced IF's method too. That's why I told if Red's method is the Alphabet, then IF's method is a whole new language. Posting the trades in FF or not posting is orthogonal to my statement.

yes, thatswhy i ask, that ifmyante is a loser trader and has no wins long term and fakes his wins and statements is clear, but maybe some other have even with such a extrem bad coach learned something.

but the risk to pay for a course with such a bad teacher, who needs to fakes wins, i dont know, i would not do this. you did the free course, so maybe you lost only time and learned basics you can learn in any other place too and so was not complete worthless, but for others....?

but if i would have seen this ifmyante, what he writes, his extrem low experience and then this many fakes,.... i would not trust such method. but its me, and anyone is different and many run and follow scammers, so why not.

by the way: what did you wrote me in the "scammer hall of shame " thread, i cant understand your text in context of the topic. do i miss something you speak about or do we have a new topic there?

There is no free course.. There were free material for everyone to learn. It takes time, we need to wait till a good experienced trader to comment on your trading and correct our mistakes. There was a lite course, which I took. It was done by IF. It was really good. It doesn't mean that I force people to enrole for that course. If you want, please do. If you don't want, please don't.

ok, but looks strange when the teachers there are not good enough to trade with profit longterm for there own and need to fake wins and statements.

when someone fakes, its always because of strong reasons. such marketing people would show any little mini win they have, if they had real accounts with good results. so look like they had to even show the fakes wins to have at least something and dont look extrem stupid, but by being so extrem unexperienced traders they used so stupid fakes , that really you cant thing anyone there has know anything about trading. and this really makes someone to think about.

all looks like they want earn by selling coaching, and not by trading own money and bring fantasy stories to defend this.

and by the way: what you tell me about teaching is very bad: noone would allow you to trade normally until you learn all basics step by step, they have to forbid you trading until this point or you learn it wrong and get misleaded and lose very much time. sounds not very good for me, only by reading your short describtion.

and when this people correct your mistakes after you did it, thats not very difficult, anyone can see in history prices what would be better and find a reason why it was better. that is total useless teaching, normal teaching is before the opening and in realtime by processing and managing the trades, its showing the real account of this coach, shows his trades when he goes in, show what he is doing, and you see how account is going with time with his trades, and you see reasons why going in and when go out same style. so people can compare between teachers live account and own, what they did correct and wrong in real time.

maybe this useless coaching was used because you had a free course, but really, you dont learn anything by this, this after trade coaching is more misleading then positive (by such teachers is even extrem misleading, anyone can tell you extrem reasons and exceptions later why you are wrong or correct, to any trade.....), only exception is when you are total beginner and did extrem mistakes, but then again then its also done wrong, because you start with teaching step by step and make tests about this first before anyone can start with a first trade in a account.

and by the way: what you tell me about teaching is very bad: noone would allow you to trade noprmally until you learn all basics step by step, they have to forbid you trading until this point´or you learn it wrong and get misleaded and lose very much time. sound not very good for me, only this small things in describtion.

If I correctly understood you question, Yes.. basics should be taught step by step. teaching is only one fold. Self-learning is the other fold. Yes.. you first go along the wrong path.. then someone comes and correct you. It is better than succeeding first time.

and when this people correct your mistakes after you did it, thats not very difficult, anyone can see in history prices what would be better and find a reason why it was better. that is total useless teaching, normal teaching is before the opening and in realtime by processing and managing the trades, its showing the real account of this coach, shows his trades when he goes in, show what he is doing, and you see how account is going with time with his trades, and you see reasons why going in and when go out same style. so people can compare between teachers live account and own, what they did correct and wrong in real time.

I am not talking about the trades. I am talking about the so-called basics. For example, marking the correct supply zone/demand zone. You mark it incorrectly. We wait till a senior person come and confirm if it is correct or not. Thats how free RTM worked. In case of trades, we discuss them beforehand and after the trading done. whether it was successful or not successful. Thats how any trading method evolves. Not only RTM method.

ok, but looks strange when the teachers there are not good enough to trade with profit longterm for there own and need to fake wins and statements.

I don't see any fake wins or statements. If you do, please copy and paste them here. Or send me in PM.. this thread was meant to discuss Red's way, not anything else.

yes, anything is not related to red in any kind. true.

There's a couple of FF commercial members in this comp.

http://www.crescofx.com/1k-challenge-2018/?ap_id=x123

Tom Dante
https://www.forexfactory.com/showthread.php?t=287794

WMD
https://www.forexfactory.com/showthread.php?t=206723

Hello redsword,

My compliments to you for your ideas and your approach. You have a lot of knowledge and I am glad that you share it with others. I would also like to make a contribution to this, perhaps he is not in all areas compliant with your opinion, but it is not about being right, but then trading better and safer.

In this shark tank the forex market is turbulent. The beginners have a hard time. Just think about football once. If you want to learn football, you can start in a youth team and play up to the NFL.
In the Forex market, there is no beginner market, because the beginner plays against the biggest professionals in the world. And how that ends, everyone can think.

When trading, there are many keys to success.
I do not claim that this key is the master key that always works.
This key works without indicators for all traders (of course only those who want to) in all time units.

The key "Equilibrium"

1. The price is determined by supply and demand in each market.
2. Any influence on the price will be returned from the price
3. Before the price moves up or down, a balance between supply and demand creates a balance.
4. If this balance is disturbed, the price moves in the direction of supply or in the direction of demand.
5. The price moves as long as supply or demand until there is a balance again. Then the whole thing starts from the beginning.

Most candles are where there is a balance. We do not want to trade there, because the price is not moving very much. So we have to act when there is no balance.

There are 3 different states in the market.

1. Offer outweighs the demand = price drops
2. Demand outweighs the offer = price rises
3. Supply and demand are balanced
According to the sellers the offer (short) there, while the buyers represent the demand (long).

1. Offer = Seller (short)
2. Request = Buyer (long)

The quantity available on the market represents the supply, the demand is the quantity that the buyer would like to purchase.

But even if you can accurately identify supply and demand, you will not get on with it. Decisive are the zones where the supply outweighs the demand or the demand the supply.
Known as resistance or support.
These reversal points, which often have an increased volume, must be recognized.
There are many ways to work with resistance and support lines, I myself work only with horizontal lines, because I have the best experience.

Option A: Confirmation of resistance or support
If you have drawn resistance and support lines in the chart, look how the price is there. A later entry will often save you from big losses, but you will get into a less favorable course and minimize your potential profit. Important: the highest possible risk-reward ratio.

Option B: Enter without confirmation
You are sure how the course will behave at your indicated resistance or support line and will board immediately without waiting for a confirmation. If your expectation works out, you are at a bargain price, improving the chance-risk ratio. If the trade unfolds to your disadvantage, you need to get out early to protect yourself from major losses.

Identification of the equilibrium

The big problem with the candles in the chart is the period in which they are formed. Surely you know the candlestick formations like hammer, doji, engulfing, etc. Sometimes you work, but often not. This is due to the temporal composition of the candles. Candle formations in a certain time frame are therefore just a mere random product of the time, the broker and the dealer. If you change the time frame in which the candles are formed, so would the candles and their formations change. The doji is now a normal candle with no indication of a course change.

Therefore one should work with different time units to identify a possible equilibrium. Many turning points can be identified by means of the Equilibrium, but not all. The price in the chart is always random and nobody can predict 100% of the turning points in the chart. It's not necessary with strategic money management either. Decisive is the payoff ratio and the expectancy.

You can often see these turning points in advance and use them to your advantage. You have to look at the past of the charts, because the big traders (elephants) leave their mark in the snow, which is easier to recognize than the tracks of the small traders (hares).
Another advantage is that you do not have to load your screen with unnecessary indicators. Although I work with a self-created dashboard, which tells me primarily the momentary strength of each currency pairs and, for example, the dollar index, but I'm interested in this just before the entry or exit.
My main charts are almost entirely made up of my own resistance and support lines. The Candle Strength indicator often helps me to identify the effective candle thickness, which is not always easy with the above points.

The best indicator is the price chart and the orderbook. But the price chart is a trailing indicator, because only when the candle is completed, I get a meaningful information on the price level. But then it is often too late.

In my preliminary analysis, start with the day or 4H chart to determine the rough direction.
The 1H chart shows me the medium term bias and the 15min / 5 min chart the short term turning points in the market.
A very important instrument for me is the 15 second bar chart. In high phases of volatility you can recognize a structure faster.
A catchy example of equilibrium was in the EURUSD. After the price had risen from 1.03249 on 26.12.16 with a triple top to 1.20921 on 08.09.17 and slowly went into the correction phase, many traders wondered how far this correction would go.

The interesting thing is that the price of 1.15529 in the monthly chart was already reflected in a 2003 Equilibrium.








With Buy Limit and Sell Limit Order you can work well in this trading system, but is rather less recommended when scalping.
Even an Equlibrium professional will reach its limits, because trading has changed enormously in recent years. The price is unpredictable and still random. Even if you work with an orderbook, you often have to realize that there are many pseudo orders that are deleted shortly before the target. Oderflow, Footprint and Cumulative Delta are still good help, but unfortunately they can not look to the future.

Trading and making music have something in common. You can learn to play both, but in the end it's the right feeling and flair that determines success and failure.

Best regards

How eloquent. The last time Red was here was in 2011. But who knows maybe he'll read this piece of profoundly thoughtful literary excellence.

Since you send me 2 private message and you restricted me, im replying you over here

Sadly i live in venezuela in my country its in a very difficult position right now, food its hard to get and super expensive, shortage on gasoline/diesel, faulty internet conection, etc.. i barely traded this month, im planning to move to a slightly better place so i hope i can trade more often

thats why i didnt followe the trading challenge thread for the moment

Anyway cyu later and i hope you can understand

Sorry to hear of the troubles in Venezuela Havo... I know I have not even heard half of the problems there. Take care of yourself and your loved ones and let me know how you are doing. Godspeed to you.

Rufus

Below is what I posted in the "Scammer's Hall of Shame" thread. It is important that those wanting to profit from Red understand how this thread "Price is Everything" has been raped by IF. I submit that Red's thread should be laid to rest. Further posts here cannot do justice to it's origins. Only Red can revive it.

"Regarding RTM, IF and other supply/demand threads:
Redsword11 was probably the first in these infamous threads to present and demonstrate an unparalleled ability to trade using supply and demand techniques. Redsword's trades were posted live one after another after another. It seemed he was making a great deal of money. And yet he disappeared in 2011 for undocumented reasons. Redsword11 early in his famous thread "Price is Everything" said he was a student of Sam Seiden. So apparently much of what Red learned may have been from Sam and Sam's OTA. Sam Seiden has never solicited business here at FF.

Not long after Red disappeared IF and other's created offshoots of Red's thread. Some were threads here at FF and some were websites. IF created the PIE Chat room thread here at FF which was very popular for a brief time. Then IF and some from that thread created a website called Ace Gazette. which still exists but does not solicit members here at FF. For reasons I am not well versed in IF had a falling out with other website creators of Ace Gazette and IF left and created Read The Market or RTM. IF announced this website here at FF and created a thread with its namesake. The thread was initially popular and was used to recruit members to the RTM website which was free for a few years or so. Several veterans of Red's thread, the PIE chatroom thread and defects from the Ace Gazette thread became part of the administrative aspect of RTM. They contributed articles and lessons. As time went on several of those admins began to mysteriously leave with little or no reason.

Having been a member of RTM I was initially quite enthusiastic about carrying on the Red tradition. IF seemed to have a remarkable grasp on PA. Yet I and many other's seemed to have difficulty grasping IF's concepts. As I said before many original creators left rather suspiciously. I persisted and as I was involved with J16 at the same time I began posting about J16 in my journal thread. Very quickly my thread was erased. I protested and because my protests violated the websites rules I was banned. I was able to follow the website because I re-registered under another username. I continued to note other's leaving or being banned. Not only I but other's had difficulty understanding IF's teachings. IF and other admins routinely ridiculed those who could not understand but were asking for clarification. They were labeled as needing to be "spoon-fed". IF often stated that everything was there and that one just needed to keep reviewing and studying and doing the homework.

The RTM Academy was created not too long after the RTM's original creation. RTM academy was reserved for those who could pay a hefty fee amounting to around $10,000USD. IF was fond of saying that there was nothing in the Academy that wasn't already on the website. I know many came up with the cash and attended the academy. However I have yet to date to hear from even one RTM Academy attendee that they are now trading profitably.

Then IF began to routinely announce that he did not like to trade. It became a routine for IF to proudly state that he didn't trade anymore. After a while his state of not-trading became accepted among the members of RTM. It seemed to me that a cult had been created and everyone at RTM accepted this.

Then IF changed the status of RTM from free to a pay-for-membership website. This was very much against Red's beliefs. More defected from RTM but there was still plenty of ignorant wanna -be traders that kept signing on.

IF continues to assert his non-trading status and has to date been unable to publish a long-term record of trading profitably. Of note none of his graduates from RTM Academy have been able to show a record of long-term trading profitability.

To date IF and his RTM website and RTM Academy have been exposed by some here in this thread at my request and I truly appreciate it. IF has participated in a rather covert operation that has for several years seemingly been in existence to help wanna-be traders. IF has been exposed in this thread. He has apparently left FF to avoid further publicity of his ingenious scamming operation. IF represents the most vile of scammers who present themselves in the most innocent way and then fill their wallets with the dollars of ignorant and wanna-be traders to sustain their pitiful lifestyles.

Those seeking a trading methodology should not be shy about asking for evidence that the trading methodology education they are about to purchase is real. Ask for proof of profitability. If they shun you then give them nothing. Keep searching but search not here. Take care!"