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ReadtheMarket - Supply and Demand with Price Action

  • #4,141
  • Feb 6, 2018 3:01am Feb 6, 2018 3:01am
Quoting kkb.
It looks like S/R flip rather than QM... But taking theory into account it might be... I don't care about naming - so I can be wrong. For me only orders (trapped traders) are relevant. I suggest you to use more clear QM for learning (with better LL in shorts or HH in longs...), example from today's gold: {image} {quote}
Wow...
Actually your trade is my next question.
Now I know that RBR and DBD can be a QML.
Not just RBD DBR.
RIP RTM
  • #4,142
  • Feb 6, 2018 3:05am Feb 6, 2018 3:05am
Actually I buy this QML
But already close it.
Is it too early?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20180206-160331.png Size: 35 KB
RIP RTM
  • #4,143
  • Feb 6, 2018 6:33am Feb 6, 2018 6:33am
Quoting hendzwoter
Hi everyone, Is this a QM level also? Or not? I'm not sure about. {image}
Hi Hendz.

Attached Image (click to enlarge)
Click to Enlarge Name: UC.png Size: 23 KB
h
  • #4,144
  • Feb 6, 2018 6:47am Feb 6, 2018 6:47am
This chart is about high and higher high that I mentioned before.

Um...
Yeah I'm not sure that a QML hehehe...
But based on theory. It is.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20180206-194559.png Size: 45 KB
RIP RTM
  • #4,145
  • Feb 6, 2018 7:18am Feb 6, 2018 7:18am
Quoting hendzwoter
This chart is about high and higher high that I mentioned before. Um... Yeah I'm not sure that a QML hehehe... But based on theory. It is. {image}
Yes,

this is quasimodo.
h
  • #4,146
  • Feb 6, 2018 8:02pm Feb 6, 2018 8:02pm
Hi everybody,
I know its out of topic.
And we are traders.
But do you think it will be good to saving stocks.
Like Warren Buffet and many other.
And live from dividens?
RIP RTM
  • #4,147
  • Feb 9, 2018 8:06am Feb 9, 2018 8:06am
Lost on this....
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20180209-210215.png Size: 41 KB
RIP RTM
  • #4,148
  • Feb 13, 2018 12:57pm Feb 13, 2018 12:57pm
Hello Everyone,

What do you guys think about recent PA on USDCAD pair ? I noticed that we might have got engulf sequence although that massive shakeout makes me wonder if it is valid one.

Any thoughts ?
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD+M15.png Size: 51 KB
  • #4,149
  • Feb 13, 2018 1:46pm Feb 13, 2018 1:46pm
Hi Vinsamity, What engulf? Why is important?
Newbie trader
  • #4,150
  • Feb 13, 2018 1:54pm Feb 13, 2018 1:54pm
This is my view on USDCAD A valid continuation QM formation for me.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 25 KB


Quoting Vinsanity
Hello Everyone, What do you guys think about recent PA on USDCAD pair ? I noticed that we might have got engulf sequence although that massive shakeout makes me wonder if it is valid one. Any thoughts ? {image}
  • #4,151
  • Feb 14, 2018 5:14am Feb 14, 2018 5:14am
Quoting kkb.
This is my view on USDCAD A valid continuation QM formation for me. {image} {quote}
Kkb,

I agree that if you look at it from the STF point of view it would make great case for QM setup.
Although as I understand we might have treated it as a fakeout if PA would have engulfed some other flag which .. I think wasn't the case.

Check. Morevover I see some compression PA below

Still trying to get a good grasp at it
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCAD+H1.png Size: 56 KB
Click to Enlarge Name: USDCAD+M15.png Size: 51 KB
  • #4,152
  • Feb 14, 2018 5:37am Feb 14, 2018 5:37am
Quoting Vinsanity
{quote} Kkb, I agree that if you look at it from the STF point of view it would make great case for QM setup. Although as I understand we might have treated it as a fakeout if PA would have engulfed some other flag which .. I think wasn't the case. Check. Morevover I see some compression PA below Still trying to get a good grasp at it {image} {image}
Maybe after all I messed up something ... I guess we need some RTM member to make a verdict
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 11.png Size: 59 KB
Click to Enlarge Name: 22.png Size: 56 KB
  • #4,153
  • Feb 14, 2018 6:20am Feb 14, 2018 6:20am
You asked about other traders point of view, so I just presented you mine Good FO at the good level, nice move, nice engulf of supply. So for me it is a trade opp. for longs (not perfect but acceptable for me).

Your levels looks good to me (please not that I'm not RTM member anymore, and I don't have skill like IF or other great masters there!).

What can I say about your setup (the engulf which you mentioned) is that you should ask where is the DP to ENG? And is it still valid? Maybe it get engulfed? Maybe the DP you marked is an engulf itself (so ENG north, then from that area ENG south - in this situation engulf south is just FO). Are there still orders in this DP? Maybe the price spent too much time to leave unfilled orders? Maybe price CPed away from that DP? Always think about orders. Without orders on a given level all trade on it is just gambling.

Unlike other magical stuff like EMAs, fibos etc. etc. we read the market. We don't trade patterns, we need the story told by price to answer where take the trade.

Quoting Vinsanity
{quote} Kkb, I agree that if you look at it from the STF point of view it would make great case for QM setup. Although as I understand we might have treated it as a fakeout if PA would have engulfed some other flag which .. I think wasn't the case. Check. Morevover I see some compression PA below Still trying to get a good grasp at it {image} {image}
  • #4,154
  • Feb 15, 2018 1:56pm Feb 15, 2018 1:56pm
Demo may be lose
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20180216-025146.png Size: 48 KB
RIP RTM
  • #4,155
  • Edited 7:28am Feb 20, 2018 6:48am | Edited 7:28am
Hello everybody,

I've spent the last many hours to read all the replies and analyze the pictures that you guys are providing, but I am sure that many of us struggle understanding that. I am thinking about subscribing to RTM and believe that I will face a lot of high-quality material on their website.

However, is there anyone who is a member of RTM (or non-member) and trades successfully with pure price action (specifically in this forum)? I've always admired PA traders and I am very interested learning more about it. Since there is a lot of sources online and I am aware that I must do my homework (which I did but not everyone is good at school hahaha), is there someone who could "help" me with my homework? To show what he/she is looking at and how it works?

Hopefully I do not sound like a guy who just wants everything on a silver platter - just looking for someone who can lend me a hand, show me the basics and then push me into the cold water. At least when I get pushed into the water I will learn how not to drown and would like to learn the swimming myself (hope that makes sense).

So I hope there is someone out there who could show me the beauty of PA, maybe a quick chat via Skype?
  • #4,156
  • Feb 23, 2018 6:18am Feb 23, 2018 6:18am
hi bro
whats your reasons for this enter?
regards
  • #4,157
  • Feb 23, 2018 6:30am Feb 23, 2018 6:30am
Quoting amir558
hi bro whats your reasons for this enter? regards
Hej Amir,

To the left there was an eng of a zone, you will find it if you follow price.
  • #4,158
  • Feb 23, 2018 6:32am Feb 23, 2018 6:32am
Quoting Initial-M
{quote} Hej Amir, To the left there was an eng of a zone, you will find it if you follow price.
you means after eng the box you enter in qm zone?
  • #4,159
  • Feb 23, 2018 6:45am Feb 23, 2018 6:45am
Quoting amir558
{quote} you means after eng the box you enter in qm zone?
Yes!
  • #4,160
  • Feb 24, 2018 5:03am Feb 24, 2018 5:03am
So..
@ifmyante ..

Are u not replying anything again on this thread?
Sad..
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