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ReadtheMarket - Supply and Demand with Price Action

  • #4,561
  • Feb 20, 2019 1:04pm Feb 20, 2019 1:04pm
Quoting hendzwoter
I see. So it is a half random when we trade QM. Even zero loss....
NO random (market)...
Newbie trader
  • #4,562
  • Feb 20, 2019 2:33pm Feb 20, 2019 2:33pm
Quoting selfcontrol
{quote}2. Also what would make you think its possibly algo trickery? I'm not sure what you mean by this? Best regards, selfcontrol
I have spent some time learning about fractals, and its incredibly easy to see how the market is fractal just with a quick glance, but ill look more into how they are formed as you said, and how they are a part of the algo.

In my question, I meant what made you feel so strongly that the price was going to go for the 1 black line area, and not just the area with 3 black lines, as shown in my edit of your chart? I'm assuming the answer has something to do with things you learned from rtm or some other source that you cant fully share, but I gotta ask, right.

thanks, chrisMiranda.
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  • #4,563
  • Feb 20, 2019 2:48pm Feb 20, 2019 2:48pm
Quoting chrisMiranda
{quote} I have spent some time learning about fractals, and its incredibly easy to see how the market is fractal just with a quick glance, but ill look more into how they are formed as you said, and how they are a part of the algo. In my question, I meant what made you feel so strongly that the price was going to go for the 1 black line area, and not just the area with 3 black lines, as shown in my edit of your chart? I'm assuming the answer has something to do with things you learned from rtm or some other source that you cant fully share, but...
Hi chrisMiranda, what indicator do you use for drawing the lines and rectangles - in the top left corner?
Looks helpful. Thanks
  • #4,564
  • Feb 20, 2019 2:51pm Feb 20, 2019 2:51pm
What I marked on that chart is the blue FL being engulfed, meaning that's the direction the ITs are going. If I trade against a HTF engulf I always wait for LTF PA to tell me it's safe to enter. I hope that explains things.

I have not learnt anything from RTM as the free site was closed when I started my forex journey - I have however read this thread, re-engineered all the noteworthy charts and reasoned everything out myself. If I have understood their way of trading I can not say, but I know now after thousands of hours of charting that my method is highly accurate and offer insanely huge RR if not hindered by emotions.

Quoting chrisMiranda
{quote} I have spent some time learning about fractals, and its incredibly easy to see how the market is fractal just with a quick glance, but ill look more into how they are formed as you said, and how they are a part of the algo. In my question, I meant what made you feel so strongly that the price was going to go for the 1 black line area, and not just the area with 3 black lines, as shown in my edit of your chart? I'm assuming the answer has something to do with things you learned from rtm or some other source that you cant fully share, but...
  • #4,565
  • Feb 20, 2019 2:53pm Feb 20, 2019 2:53pm
Quoting fxLoveLots
{quote} Hi chrisMiranda, what indicator do you use for drawing the lines and rectangles - in the top left corner? Looks helpful. Thanks
This is actually my chart so I can answer - it is originally Color Levels, but I have recoded the source file to allow for more boxes and lines.

Here is the original link.

https://www.mql5.com/en/market/product/12215
  • #4,566
  • Feb 20, 2019 3:18pm Feb 20, 2019 3:18pm
Quoting selfcontrol
{quote} I find it very important to always look at the larger scale to see if it's a valid setup or a trick being played. {image}
Hi selfcontrol,
is this a symmetry trade? If so, I guess your stop was below LTF compression
  • #4,567
  • Feb 20, 2019 3:35pm Feb 20, 2019 3:35pm
Quoting Uderfrykte
{quote} Hi selfcontrol, is this a symmetry trade? If so, I guess your stop was below LTF compression
Hi Uderfrykte, I did not take this trade - I was only explaining why the QM setups shared by someone here were all ignored. If I were to take this trade my entry would be 141.012 and SL at 140.998 + spread. If you re-engineer this and understand why it should be very valuable. I always define entry and SL in M1 no matter the scale of the setup.
  • #4,568
  • Feb 20, 2019 4:16pm Feb 20, 2019 4:16pm
Quoting selfcontrol
{quote} Hi Uderfrykte, I did not take this trade - I was only explaining why the QM setups shared by someone here were all ignored. If I were to take this trade my entry would be 141.012 and SL at 140.998 + spread. If you re-engineer this and understand why it should be very valuable. I always define entry and SL in M1 no matter the scale of the setup.
I think the answer lies inside this candle. Will need a tick chart to dig deeper.
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  • #4,569
  • Feb 20, 2019 6:48pm Feb 20, 2019 6:48pm
Quoting selfcontrol
{quote} 1. As far as looking at larger scale, would you mean to see if an area is truly an order/stop area? All I can say is look at what fractals are and how they are formed. That information can give you the greatest aha-moment in your life when applied to forex. 2. Also what would make you think its possibly algo trickery? I'm not sure what you mean by this? Best regards, selfcontrol
I would like to have my aha moment ASAP. Could you please link some videos, articles about what you know on fractals etc? Thanks
  • #4,570
  • Feb 20, 2019 8:47pm Feb 20, 2019 8:47pm
I use to be a student of rtm when it was free. I've continued trading with these concepts, feel i have a pretty good grasp of things. Just curious is this the place where ex-students that don't want to pay for the school hang out at? Who kinda keeps things going here? I assume everyone that was associated with RTM now just focus on their school. Just looking for a place to talk trading. And in the spirit of RTM, I'll share a trade that just happened.


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RIP RTM - long live Nonsense Trading
  • #4,571
  • Feb 21, 2019 5:18am Feb 21, 2019 5:18am
Quoting ahdat
I use to be a student of rtm when it was free. I've continued trading with these concepts, feel i have a pretty good grasp of things. Just curious is this the place where ex-students that don't want to pay for the school hang out at? Who kinda keeps things going here? I assume everyone that was associated with RTM now just focus on their school. Just looking for a place to talk trading. And in the spirit of RTM, I'll share a trade that just happened. {image}
What made you trade there?
  • #4,572
  • Feb 21, 2019 5:31am Feb 21, 2019 5:31am
Their method was very logical. It wasn’t just pattern recognition but also why price was moving certain ways. It was broken down into pieces and as you learned piece after piece, you can see how it all fit together. As you get more experienced their teachings made more sense, and in turn became more valid. Plus it helped to see people that got good consistently make killer trades, and there was a lot of examples to learn from because of all the high quality trade journals. All the info you needed was there, you just had to put it together (admittedly it isn’t easy)
RIP RTM - long live Nonsense Trading
  • #4,573
  • Feb 21, 2019 5:45am Feb 21, 2019 5:45am
Uderfrykte: No, it has nothing to do with that candle and I never use tick charts.

Emicovi: Just go on YouTube and search for "how fractals are made" or "mandelbrot set" or the like.


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  • #4,574
  • Feb 21, 2019 5:51am Feb 21, 2019 5:51am
Quoting ahdat
Their method was very logical. It wasn’t just pattern recognition but also why price was moving certain ways. It was broken down into pieces and as you learned piece after piece, you can see how it all fit together. As you get more experienced their teachings made more sense, and in turn became more valid. Plus it helped to see people that got good consistently make killer trades, and there was a lot of examples to learn from because of all the high quality trade journals. All the info you needed was there, you just had to put it together (admittedly...
Thanks for the reply, but i meant the EA trade you took, i came out of a sell from that trade, but am thinkin i might have held on a bit longer:
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  • #4,575
  • Feb 21, 2019 6:43am Feb 21, 2019 6:43am
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  • #4,576
  • Feb 21, 2019 7:18am Feb 21, 2019 7:18am
Nice to hear from ya Fxyogi!

I was waiting way up from that area but there is good reason to get a nice trade there
  • #4,577
  • Feb 21, 2019 7:27am Feb 21, 2019 7:27am
Quoting rudy5
{quote} Lol. Everything about your posts, from your name to the pictures is a wonderful package
Thanks Rudy
  • #4,578
  • Feb 21, 2019 7:28am Feb 21, 2019 7:28am
Quoting Ltrader16
Nice to hear from ya Fxyogi! I was waiting way up from that area but there is good reason to get a nice trade there
Lets wait for it together LT.
  • #4,579
  • Feb 21, 2019 7:30am Feb 21, 2019 7:30am
Quoting Fxyogi
{image}
Been waiting at the same place, 126.744 +/- 2 pips. I must say I enjoy all the recent activity in this thread. :-)
  • #4,580
  • Edited 7:52am Feb 21, 2019 7:42am | Edited 7:52am
Look for Eng and wait for FO.

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