ReadtheMarket - Supply and Demand with Price Action

Ur comment are welcome.

Ferinacci's method. May be...

MPL
3 Drive
But no engulf...

Then finally dead./LOL
At least the MPL give rejection.

Buy again as ferinacci's method. Already close a half.

Starting to become profit.

congrats

It is a demo.
And after that I know I walk on wrong track.
But I know it will be someday I can trade.

Hi everybody.
May I ask something?

So I learn how to touch trade. And it with confusing. I don't know how to find the decision point.

I try on my own and I compare to a trade on "Really Golden Trade" article on RTM website.

So today I upload both.
Please your comment.

Hi hendzwoter,
Why is it called "decision point"? What is decided in that flag?
regards

Hi fex,
Do you mean in one touch trade setup there is two DPs?
One is decision to be too cheap.
Another one is decision to be too expensive???

Why sometimes...
The price retrace a lot to DP.
Sometimes....
It just touches the DP a bit and leave it.

hendzwoter don’t overcomplicate it. If you want to find easily DP, first you must to know/find WHAT it has been DECIDED... Look at the graph you posted, the answer is in front of you, no mysteries, and it is simple and obvious. What happens just after the DP?

regards

Hi fex,
Do you always trade on MaxPainLevel? Expect the price retraces a lot.

Hi hendzwoter,

I have my own way of reading the movement of the market (I have not read/learned it anywhere), different from RTM. For me the market moves ALWAYS the SAME, in a very, very simple, implicit, basic and obvious way. In my way of reading it, I call the MPL, Limit Level (LL, only words). No, I do not trade only that level, I also trade 2 more (maybe better and more frequent). But this can only "smear" the thread and not contribute anything to the RTM community and followers.

The DPs are really good and very easy to locate, and they offer very high RR. They are part of my reading of the market because they are part of the market movement, and I always have an open eye on them, but I do not trade them as such. Have you found the answers? For your post 4392 it seems that yes ...

regards

Yeah...
I will try...

price rejected from dp as i show with yellow rectangle
at that zone market decide to break the last low from left

should setup sell limit there,but i was not online

Hi ferinacci,
Is my trade relevant?
I think its right DP.
And has good rejection even I just able to manage it till breakeven.

no,it is just a base of flag

i am not at my pc, i will expkain more a few hours later