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ReadtheMarket - Supply and Demand with Price Action

  • #4,721
  • Feb 25, 2019 5:09am Feb 25, 2019 5:09am
Quoting ahdat
{quote} ah not quite, but i dont think my question was clear enough. Note the trade I made is that vertical green dotted line. Why did i close my trade there, instead of higher up?
Ah, sorry for that
I will answer with beefStew chart, as Im away from my laptop now

"Why did i close my trade there, instead of higher up?"

1. Because its the TG for your trade
Red line is MPL, from the orange box. In other words its the bottom edge of Flag.
And the TG is upper edge of Flag

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2019-02-25-18-01-31-589_com.miui.gallery.png Size: 211 KB


2. In another scale, we can see a better MPL to trade from
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2019-02-25-18-11-46-721_com.miui.gallery.png Size: 134 KB



beefStew bro, I'm sorry for using your chart
  • #4,722
  • Feb 25, 2019 5:14am Feb 25, 2019 5:14am
Quoting beefStew
{quote} Ahdat im still studying how to draw FLs, i found 2 area of FL that i couldnt explain, why did you mark them as FL. EDIT: now that i think about it, i guess they are MPL levels of bigger TF FL {image} please shed some light
Its not an Fl, mmm not even sure what to call it. Trick level? Qm level? Mpl? I usually draw them in green. But here’s the idea behind it

https://www.rtmacademy.com/index.php/resources/mini-course/day-1-trick-zone
RIP RTM - long live Nonsense Trading
  • #4,723
  • Feb 25, 2019 5:54am Feb 25, 2019 5:54am
Attached Image (click to enlarge)
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  • #4,724
  • Feb 25, 2019 6:04am Feb 25, 2019 6:04am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 60 KB




https://www.rtmacademy.com/index.php/resources/mini-course/day-1-trick-zone

RTM FREE CLAY.FXP AND crowd FOREX FACTORY

RTM He has grown from the same forum , so he owes a debt to the forum .
  • #4,725
  • Feb 25, 2019 6:18am Feb 25, 2019 6:18am
The forum is likely to close soon so you have to build a new forum to continue . Thank you .
  • #4,726
  • Feb 25, 2019 7:37am Feb 25, 2019 7:37am
HI friends ,


Here in that first pic i marked 3 flags . as per rtm concepts if price engulf one flag then next nearest flag is our target . in first picture price enguulf FLag 2 and form a new flag3 and price reaches its nearest target flag1


in picture 2 if price Engulfs Flag2 and with out retrace if it reaches target flag 1 then what we do now . We wait for next PA occured ??? thanks
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: tg2.JPG Size: 26 KB
  • #4,727
  • Feb 25, 2019 7:44am Feb 25, 2019 7:44am
Hi everybody,
If you touch trade somewhere,
Do you ever get FL ignore as best that you can expect?

Please your reply.......
RIP RTM
  • #4,728
  • Feb 25, 2019 10:04am Feb 25, 2019 10:04am
Quoting yachusai
HI friends , Here in that first pic i marked 3 flags . as per rtm concepts if price engulf one flag then next nearest flag is our target . in first picture price enguulf FLag 2 and form a new flag3 and price reaches its nearest target flag1 in picture 2 if price Engulfs Flag2 and with out retrace if it reaches target flag 1 then what we do now . We wait for next PA occured ??? thanks {image} {image}
Yes.... In theory.
Cause .....
You miss something....

Past
Approach
Reaction

FL engulf is a part of reaction.
So you miss 2 step and jump to 3rd step.
Just like me a week before.....

I'm just slow learner I guess....
RIP RTM
  • #4,729
  • Feb 25, 2019 10:12am Feb 25, 2019 10:12am
My fail.
So I expect 3 Drive scenario.
And get stopped out.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2019-02-25-23-10-27-044_net.metaquotes.metatrader4.png Size: 90 KB
RIP RTM
  • #4,730
  • Feb 25, 2019 11:02am Feb 25, 2019 11:02am
Quoting hendzwoter
My fail. So I expect 3 Drive scenario. And get stopped out. {image}
Be patience so there was no loss at all.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD_Henz.png Size: 258 KB
aka Liquinvest
  • #4,731
  • Feb 25, 2019 11:06am Feb 25, 2019 11:06am
Quoting Copis
{quote} Be patience so there was no loss at all. {image}
Yes.

I guess I must learn touch trade just like everyone else.
RIP RTM
  • #4,732
  • Feb 25, 2019 11:51am Feb 25, 2019 11:51am
if you don't know (or check) what's on left for your "FO", then you cannot conclude you have an "ENG"

this SAME mistake (imo, only) leads to your next chart (EU 15min), you draw it engulf down, which i think is wrong. EU is apparently consolidating to move up.
well, it is of coz likely to go down first before moving up. but your EU's engulf is invalid becoz it is not coming from a source. just my opinion, let's check it out later.
Quoting clay.fxp
{image}
  • #4,733
  • Feb 25, 2019 11:58am Feb 25, 2019 11:58am
Quoting ahdat
{quote} Its not an Fl, mmm not even sure what to call it. Trick level? Qm level? Mpl? I usually draw them in green. But here’s the idea behind it https://www.rtmacademy.com/index.php/resources/mini-course/day-1-trick-zone
I'm really glad you share this link.
Cause I don't know that video actually just accessable as free as before.
Thank ahdat.
RIP RTM
  • #4,734
  • Feb 25, 2019 12:11pm Feb 25, 2019 12:11pm
nice, my way is very similar to this. the logic is this: we have to be very cheap to TT to overcome 35%~60% failure rate (depending to luck/timing/season).

to be cheap, you have to use those MPL/QM, or ltf FTR within a FL....... narrow your SL!!!

Quoting Copis
{quote} Be patience so there was no loss at all. {image}
  • #4,735
  • Feb 25, 2019 12:14pm Feb 25, 2019 12:14pm
lol, so is it too slow to trading to be rich?
or is it too cheap to teach the golden secrets with those who struggle?

rtm/if got a magic logic......

Quoting clay.fxp
{image} https://www.rtmacademy.com/index.php/resources/mini-course/day-1-trick-zone RTM FREE CLAY.FXP AND crowd FOREX FACTORY RTM He has grown from the same forum , so he owes a debt to the forum .
  • #4,736
  • Feb 25, 2019 12:39pm Feb 25, 2019 12:39pm
Quoting charvo
nice, my way is very similar to this. the logic is this: we have to be very cheap to TT to overcome 35%~60% failure rate (depending to luck/timing/season). to be cheap, you have to use those MPL/QM, or ltf FTR within a FL....... narrow your SL!!! {quote}
Is it fail or just low reward?
RIP RTM
  • #4,737
  • Feb 25, 2019 1:30pm Feb 25, 2019 1:30pm
Quoting clay.fxp
{image}
Hi there,
I am seeing that what you see as an engulf is a reaction to a CP in m1. And the very high point of your chart, is not a reaction to anything specific (FL, FTR, ignored QM level, QM level ..), So It can be a engulf upward. Overall direction says price is going up. WDYT?

Edit: Or may be it is in lower scale, which is not significant in your scale.
  • #4,738
  • Feb 25, 2019 1:35pm Feb 25, 2019 1:35pm
fail
Quoting hendzwoter
{quote} Is it fail or just low reward?
  • #4,739
  • Feb 25, 2019 1:36pm Feb 25, 2019 1:36pm
Quoting charvo
brother, today when i look at history, i found this, a PA trade then i relate to your chart, and wonder a question, maybe a minor one, but you insights will settle my doubts. please see the chart. {quote} {image}
Hi Charvo , i dont know which year is this. i Marked few things on the chart. If the Eng coming from Red FL , same time it was reacting to the green zone .
Thats what i mean

Attached Image (click to enlarge)
Click to Enlarge Name: 2019-02-25_9-39-21- Charvo.png Size: 210 KB
  • #4,740
  • Feb 25, 2019 2:02pm Feb 25, 2019 2:02pm
Quoting charvo
fail {quote}
So this way....
Actually, I combine each other.
So... Like this....
Past
Approach
Reaction
Touch
Yrade
So just like what Ltrader16 said.
It is 5 steps trade.

CMIIW....
I'm still no trading at all.
But back testing again and again.....
RIP RTM
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