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ReadtheMarket - Supply and Demand with Price Action

  • #4,101
  • Jan 26, 2018 1:04am Jan 26, 2018 1:04am
Trading reality. Chill off.
RIP RTM
  • #4,102
  • Jan 26, 2018 1:41am Jan 26, 2018 1:41am
I lost LOL.
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RIP RTM
  • #4,103
  • Jan 26, 2018 3:56am Jan 26, 2018 3:56am
Quoting Classyluis
everything was great yet closed on BE ! tht wht happens when u dnt consider taking profits {image} {image}
Hi Classyluis.
Please forget my comment about your trade.
Next I will trade same way.....
LOL.....
Dunno how to trade.
So just touch trade.
RIP RTM
  • #4,104
  • Jan 26, 2018 3:41pm Jan 26, 2018 3:41pm
Hello,
could you please post why you took that trade? There are no reasons for me (take a look at the attached chart).

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Quoting hendzwoter
I lost LOL.
  • #4,105
  • Jan 27, 2018 12:23am Jan 27, 2018 12:23am
Quoting kkb.
Hello, could you please post why you took that trade? There are no reasons for me (take a look at the attached chart). {image} {quote}
I think....
I just get it wrong understanding.
So I will just focus on touch trade later.
I don't know how to trade PA.

Anyway thanks.
RIP RTM
  • #4,106
  • Jan 27, 2018 2:23pm Jan 27, 2018 2:23pm
PA is spotting which side (sellers or buyers) of the market is in control. It might be engulf of pole, low or high. Also the approach can be used as PA confirmation - how price is arriving to the zone.

I know that some guys are trading candles patterns - for example pinbars (NO RTM way), if you spot those at the good level they also can be used as "PA confirmation".

Open your chart, take a look at swing low/high and check what happened at the LTFs. You will see the PA.

Quoting hendzwoter
{quote} I think.... I just get it wrong understanding. So I will just focus on touch trade later. I don't know how to trade PA. Anyway thanks.
  • #4,107
  • Jan 27, 2018 11:22pm Jan 27, 2018 11:22pm
Quoting kkb.
PA is spotting which side (sellers or buyers) of the market is in control. It might be engulf of pole, low or high. Also the approach can be used as PA confirmation - how price is arriving to the zone. I know that some guys are trading candles patterns - for example pinbars (NO RTM way), if you spot those at the good level they also can be used as "PA confirmation". Open your chart, take a look at swing low/high and check what happened at the LTFs. You will see the PA. {quote}
Um....
I try.
RIP RTM
  • #4,108
  • Jan 27, 2018 11:25pm Jan 27, 2018 11:25pm
Hi kkb.
So this is what I get from random swing on H4.

On H1 there is DBLHC.
And same on M15.
On M5 is PA based on supply and demand.

So the PA that you call buyers and sellers who take control is just supply and demand?
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RIP RTM
  • #4,109
  • Jan 27, 2018 11:35pm Jan 27, 2018 11:35pm
So this is the PA
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RIP RTM
  • #4,110
  • Jan 27, 2018 11:42pm Jan 27, 2018 11:42pm
Hi kkb.
Is in RTM discuss touch trade more then QM level?
Like touch trade on Continuous Flag.
Or touch trade on Reversed Flag.
I name it by myself LOL.
So with that. We able to know which FL will be engulfed or ignored.
On theory it will be help alot on holding position after touch trade setup triggered.
RIP RTM
  • #4,111
  • Jan 28, 2018 9:06am Jan 28, 2018 9:06am
Good job H. So the next step is do it for 10 000 more swings. Note and file the PA, note on what level they happened, note failed ones! This is the RTM way. Really hard work. No shortcuts.
  • #4,112
  • Jan 28, 2018 4:58pm Jan 28, 2018 4:58pm
Quoting kkb.
Good job H. So the next step is do it for 10 000 more swings. Note and file the PA, note on what level they happened, note failed ones! This is the RTM way. Really hard work. No shortcuts.
But kkb.
I take a look on RTM website.
On the first page.
Most of them (trades) is touch trading.
So I try mine.
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RIP RTM
  • #4,113
  • Jan 29, 2018 3:10pm Jan 29, 2018 3:10pm
still runing.....
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Meeee
  • #4,114
  • Jan 29, 2018 3:19pm Jan 29, 2018 3:19pm
Quoting enverkoca
still runing..... {image}
i didnt learn nothing from RTM...not because they teach lies....no...but because i was stupit for them.....they teach truth.....but there is a bigger truth.
good news are that all of us we are in the same path....and this path leads us to the Bigger Truth-
Be good and folow yourself. Peace
Meeee
  • #4,115
  • Jan 30, 2018 2:56am Jan 30, 2018 2:56am
Quoting enverkoca
{quote} i didnt learn nothing from RTM...not because they teach lies....no...but because i was stupit for them.....they teach truth.....but there is a bigger truth. good news are that all of us we are in the same path....and this path leads us to the Bigger Truth- Be good and folow yourself. Peace
honestly, you sounds like a pompous troll. I don't see you making any statements that help others, except to make everyone else looking stupid.

So you think you are the only one that knows the bigger truth? What is truth? You sounds like you're coming from Mars, why don't you go back there if you have nothing to say that can help others?
  • #4,116
  • Jan 30, 2018 3:46am Jan 30, 2018 3:46am
Frustation is not the way.

Hi enverkoca, I read your recent post, and seems that I have very similar view than you in my analysis and trades. May be dp is one key . Good trading.
Newbie trader
  • #4,117
  • Jan 30, 2018 4:08am Jan 30, 2018 4:08am
he probably thinks he's the only one that caught the GBPJPY short? well...you don't need to be from Mars to catch it.

I'm out.
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Why did I take this trade?
-check 24 June 2016, you should see a good small kink that can be a good place for short
- round number 156.00 - a naturally resistance level.. I normally placed entry several pips above such round number, I expected price to overshoot it a bit before reversing.
  • #4,118
  • Jan 30, 2018 3:42pm Jan 30, 2018 3:42pm
Quoting Tibetian
{quote} honestly, you sounds like a pompous troll. I don't see you making any statements that help others, except to make everyone else looking stupid. So you think you are the only one that knows the bigger truth? What is truth? You sounds like you're coming from Mars, why don't you go back there if you have nothing to say that can help others?
No i am not from Mars i am from balls...my father balls...... I can say only that there is a scam...let these RTM members tell you how to trade from me you will not find out....the knowledge is to expensive
Meeee
  • #4,119
  • Jan 30, 2018 4:57pm Jan 30, 2018 4:57pm
Quoting enverkoca
{quote} No i am not from Mars i am from balls...my father balls...... I can say only that there is a scam...let these RTM members tell you how to trade from me you will not find out....the knowledge is to expensive
I don't need to learn from you because you haven't shown any proof that you can actually trade as good as you claim you are.

Apparently you tried to make money by teaching forex. I knew people who had access to your videos and they told me they are disastrous.

If you want people to believe you, simple, open an account at myfxbook, open a live forex account, put 50k in it, link two together, let people see your results after one month. Hey if you are on it you and I can even have a little contest for a month to see who trades better.

Don't say I am picking on you, this is RTM house and you came in to trash RTM, claimed that you know better without offering any proof. You think you can get away from this?
  • #4,120
  • Jan 30, 2018 11:28pm Jan 30, 2018 11:28pm
Henzwoter,
PA means a valid engulf.

Now what is a valid engulf? A valid engulf means an engulf that hasn't reached its target. Imagine this, price is between two FLs, upper FL and lower FL (UFL and LFL). Price came down to hit LFL, bounce up towards UFL, it breaks above the UFL and immediately drop back towards the LFL. Now we ask ourselves, when price broke above the UFL, did also it hit another FL above the UFL? If the answer is yes, then we have to assume that price has hit target so this is not a valid engulf. So when price drop back down to LFL, you do not have the PA to go long.


A valid engulf is an engulf into freespace.

The theory is simple, but to find the space to trade is a challenge. Go to 1min chart, draw and track each FL, and you will see what I mean.

Quoting hendzwoter
{quote} Hi everyone. I have no idea with PA trade. But kkb. Yes he has already told me how to do that. It doesn't mean I don't know the theory. But the real I must realize that I am working 11 hours a day. So I must forget it (PA trading). By the way. I realize that we can trade PA by touch trading. Not really sure what it will be. But looking at IF's posts on latest episodes make me realize that there is a hope on it (PA trading but we enter it with touch trade). The idea is when IT make a PA there is exact order or limit that they respect it....
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