ReadtheMarket - Supply and Demand with Price Action
{quote} 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: {image}
Edit: there's potential to go much higher if you look at the D1, and given the reaction we had
For your trade, that was a decent place to close, it very well could have reversed there. But once that FL broke, you're looking at price to go all the way back down to the origin.
RIP RTM - long live Nonsense Trading
- #4,584
- Feb 21, 2019 10:31pm Feb 21, 2019 10:31pm
This is for who follows IF posts sincerely . Bit more advanced but i am not going to give away instead you can find the answers on your own. This NZ eng happened from a FL , those who trade this with conventional RTM method will loose. because their stop is just above that FL. but priced faked this FL and entered another scale and turned down. Is there any way to identify the FO before it happens and how far price can travel in another scale is bigger questions. if you can find the answers then ...........
So instead wasting around here with noobies here , go and buy the Forex tester and put your life and energy on price mechanism . Read and re read IF posts. Kindly stop sending me messages to teach you. I don't teach anyone. I don't have authority to teach IF stuffs. I can just point out the direction that's all.
I am stopping right here . But be careful , don't follow the blind here. There are many here now polluting this thread thinking they know the stuff . But only IF charts can teach u what u need . Unfortunately RTM is closed but there may be some past RTM members should have IF charts . you can ask one of them .
So instead wasting around here with noobies here , go and buy the Forex tester and put your life and energy on price mechanism . Read and re read IF posts. Kindly stop sending me messages to teach you. I don't teach anyone. I don't have authority to teach IF stuffs. I can just point out the direction that's all.
I am stopping right here . But be careful , don't follow the blind here. There are many here now polluting this thread thinking they know the stuff . But only IF charts can teach u what u need . Unfortunately RTM is closed but there may be some past RTM members should have IF charts . you can ask one of them .
- #4,586
- Feb 22, 2019 12:24am Feb 22, 2019 12:24am
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}
- #4,587
- Feb 22, 2019 12:29am Feb 22, 2019 12:29am
{quote} Ah I totally misunderstood. But hey that's a really nice trade! Here's a htf view of the trade. I'm a bit rusty, chickened out to hold to my final tg. Its basically just an unmet tg, pole, compression back to base. Edit: there's potential to go much higher if you look at the D1, and given the reaction we had {image} For your trade, that was a decent place to close, it very well could have reversed there. But once that FL broke, you're looking at price to go all the way back down to the origin.
I may wait for PA at the tiny zone there
- #4,590
- Edited 12:59am Feb 22, 2019 12:41am | Edited 12:59am
{quote} {image} I may wait for PA at the tiny zone there
Edit: maybe that's what you meant by 10 pip zone lol, thought you were pointing at the red box
RIP RTM - long live Nonsense Trading
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- #4,600
- Feb 22, 2019 1:38pm Feb 22, 2019 1:38pm
- Joined Dec 2006 | Status: Backtest is meaningless (to me) | 2,176 Posts
