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ReadtheMarket - Supply and Demand with Price Action

  • #4,441
  • Jan 26, 2019 6:16am Jan 26, 2019 6:16am
So this way?
Attached Image (click to enlarge)
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RIP RTM
  • #4,442
  • Jan 26, 2019 6:39am Jan 26, 2019 6:39am
check Weekly chart

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so it is better to think about buying for this pair
ok. then go to daily and H4 charts

see next post
  • #4,443
  • Jan 26, 2019 6:47am Jan 26, 2019 6:47am
as i shown there is a fakeout level . ofcourse a QM lvl can be find there.

so best place for buy with big R/R shown in the picture.

Daily chart

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ok. maybe you ask if we miss that level what should we do?

let check H4 and H1 chart to find a low risk point to enter buy
  • #4,444
  • Jan 26, 2019 6:52am Jan 26, 2019 6:52am
maybe something like this. should check the chart on monday for better setup
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  • #4,445
  • Jan 26, 2019 7:36am Jan 26, 2019 7:36am
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  • #4,446
  • Jan 26, 2019 7:53am Jan 26, 2019 7:53am
Quoting freshtan
{image}
as a monthly view yes maybe price goes there but i takes several months
  • #4,447
  • Jan 26, 2019 7:56am Jan 26, 2019 7:56am
Quoting freshtan
{image}
maybe
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  • #4,448
  • Jan 26, 2019 9:28am Jan 26, 2019 9:28am
Thanks a lot ferinacci.


There is no question that I can ask now....
RIP RTM
  • #4,449
  • Jan 26, 2019 1:23pm Jan 26, 2019 1:23pm
So now I feel like "Hey, I know everything. So just touch it. I will not lose".
But I'm not sure with my own feeling.
Many times I feel I am able to trade already but I lose again.

So...
I ask to my self, "Hey, why ferinacci say will check on monday?"

So this what I get....

The DP doesn't get consumed.
But.....
What I get is QM level....

Yes actually this trade taken by a RTMer before. And I still remember it.

Hmmmm......
Attached Image (click to enlarge)
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RIP RTM
  • #4,450
  • Jan 26, 2019 9:51pm Jan 26, 2019 9:51pm
So there is PA that not completed yet from your trade, isn't it?
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RIP RTM
  • #4,451
  • Jan 27, 2019 4:27am Jan 27, 2019 4:27am
I think there is another drop

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  • #4,452
  • Jan 27, 2019 4:30am Jan 27, 2019 4:30am
Quoting ferinacci
I think there is another drop {image}
CanCan?

Today I check many DPs.
Some of them fail or weird....
RIP RTM
  • #4,453
  • Jan 27, 2019 7:34am Jan 27, 2019 7:34am
I look at QM level and Cap....

Why that both are at a same place?
RIP RTM
  • #4,454
  • Jan 27, 2019 9:18am Jan 27, 2019 9:18am
Here is my take on DAX (ticker GRXEUR on TV) with some questions.

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  • #4,455
  • Jan 27, 2019 3:53pm Jan 27, 2019 3:53pm
Quoting Zyon
Here is my take on DAX (ticker GRXEUR on TV) with some questions. {image} {image} {image}
Please look at post 124.....
So why he short?
RIP RTM
  • #4,456
  • Jan 27, 2019 4:29pm Jan 27, 2019 4:29pm
Quoting hendzwoter
{quote} Please look at post 124..... So why he short?
I assume Hendzwoter you're refering to Mertch's post. In that case the answer will be this

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By the way for learning purpose I presume that such scenario was also possible on Mertch's chart

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Moreover we can't see what was on the left but if there were some orders left a little bit higher then we couldn't have rule out diamond ... right ?

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  • #4,457
  • Jan 27, 2019 5:24pm Jan 27, 2019 5:24pm
Quoting ferinacci
I think there is another drop {image}
Do you mean you already got in too early?
RIP RTM
  • #4,458
  • Jan 27, 2019 5:40pm Jan 27, 2019 5:40pm
Quoting Zyon
{quote} I assume Hendzwoter you're refering to Mertch's post. In that case the answer will be this {image} By the way for learning purpose I presume that such scenario was also possible on Mertch's chart {image} Moreover we can't see what was on the left but if there were some orders left a little bit higher then we couldn't have rule out diamond ... right ? {image}
Sorry Zyon,
I think I'm just too newbie so I answer it wrongly.

Do you have another chart that is forex pair?
I don't have that chart anyway.
RIP RTM
  • #4,459
  • Jan 28, 2019 12:02pm Jan 28, 2019 12:02pm
Basic of sharp trend reversal at the bottom of compression still works.
Closed prematurely but it is evening here.
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  • #4,460
  • Jan 29, 2019 4:22am Jan 29, 2019 4:22am
Quoting staurum
{quote} {image}{image} Dat's it, i'm done for the day.
Hey can you explain this trade?
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