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ReadtheMarket - Supply and Demand with Price Action

  • #4,801
  • Feb 26, 2019 10:31pm Feb 26, 2019 10:31pm
Quoting ahdat
{quote} yup there you go. The FL above can be important too because of that gap, but i like the pink the best. Also if you go to H1, you will see its right below a low, so they might use it to fake people out. Also looking at it again, im not sure if your original zone is so good. I'd look at the one below to be the best place for price.
Okay i understand that. Thank you so much!
This is my first try to analyze completely blank chart.
I use D1 to find the HTF FL, and from what i see price is inside D1 FL now.

D1
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There was nothing on H4/H1 inside the D1 FL, i went down until M30 to find the flip FL. should i go down to even lower TF?
M30
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Ask, and it is given. Every single time, no exceptions.
  • #4,802
  • Feb 27, 2019 12:31am Feb 27, 2019 12:31am
Quoting clay.fxp
{image}

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  • #4,803
  • Feb 27, 2019 12:33am Feb 27, 2019 12:33am
Quoting Copis
Maybe it helps ( im not an RTM Professional ). {image}
  • #4,804
  • Feb 27, 2019 12:37am Feb 27, 2019 12:37am
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  • #4,805
  • Feb 27, 2019 12:53am Feb 27, 2019 12:53am
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  • #4,806
  • Feb 27, 2019 12:58am Feb 27, 2019 12:58am
Quoting clay.fxp
{quote} {image}
Nice trading bud. What is this birth supply? Never heard that term, looks like the last set of orders?
RIP RTM - long live Nonsense Trading
  • #4,807
  • Feb 27, 2019 1:20am Feb 27, 2019 1:20am
Quoting ahdat
{quote} Nice trading bud. What is this birth supply? Never heard that term, looks like the last set of orders?



HI .We always have one area for the birth of supply and demand .

The price goes back to its place again , starting from there . The cycle of life .
  • #4,808
  • Feb 27, 2019 1:32am Feb 27, 2019 1:32am
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  • #4,809
  • Feb 27, 2019 2:25am Feb 27, 2019 2:25am
GBPUSD
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aka Liquinvest
  • #4,810
  • Feb 27, 2019 2:31am Feb 27, 2019 2:31am
Quoting beefStew
{quote} Okay i understand that. Thank you so much! This is my first try to analyze completely blank chart. I use D1 to find the HTF FL, and from what i see price is inside D1 FL now. D1 {image} There was nothing on H4/H1 inside the D1 FL, i went down until M30 to find the flip FL. should i go down to even lower TF? M30 {image}
price compressing downward when it bounced from the M30 FL, so i thought it may reverse later because it was not a strong bounce. I began looking for a DP below the M30 FL and got a small flip FL in M1. price bounced off the FL above the DP so if i were trading this i would have missed the trade.

M30
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M1
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Ask, and it is given. Every single time, no exceptions.
  • #4,811
  • Feb 27, 2019 3:39am Feb 27, 2019 3:39am
Quoting mica
Hey, Ahdat Thank you so much for sharing your thought in such as great detail. It is enjoyable reading your message and your chart. To study your chart with your question in your previous message, I did find an ignored demand where the price of buy stopped right at the level. Your # 7 appears right below this level. I am not sure if I read the chart correctly or if my chart is a bit off. I have some issues if you could elaborate when you have a chance. Greatly appreciate your time and efforts. I show my issues in my below chart. {image}
Looks like you were right buddy. Ignored level held price down (and really its the edge of a larger FL). In retrospect, I was trying to be too smart for my own good. We had a HTF engulf down, we follow engulf down, only carefully scalp moves up. Now that i think about it, not the firsts time i've done this

Also kicking myself for being lazy. If we look deeper into the move, we see there's an obviously flip level right after price moves away from the ignored level. Should have kept watching price, reconsider when we saw this =/ Sorry if you got in this trade, hope you at least took some profit on the bounce.

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RIP RTM - long live Nonsense Trading
  • #4,812
  • Feb 27, 2019 4:03am Feb 27, 2019 4:03am
Quoting beefStew
{quote} Okay i understand that. Thank you so much! This is my first try to analyze completely blank chart. I use D1 to find the HTF FL, and from what i see price is inside D1 FL now. D1 {image} There was nothing on H4/H1 inside the D1 FL, i went down until M30 to find the flip FL. should i go down to even lower TF? M30 {image}
Hey good job, looks good. I added some notes to your pic. Ok i'm going to confuse you some more and say that the flip in your image is one of the less important features of the FL. That mpl looks really juicy for price to hit.

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RIP RTM - long live Nonsense Trading
  • #4,813
  • Feb 27, 2019 4:07am Feb 27, 2019 4:07am
Missed by a fraction of a pip. Was setting itself up for a breakout

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RIP RTM - long live Nonsense Trading
  • #4,814
  • Feb 27, 2019 4:36am Feb 27, 2019 4:36am
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  • #4,815
  • Feb 27, 2019 5:18am Feb 27, 2019 5:18am
Quoting ahdat
{quote} Hey good job, looks good. I added some notes to your pic. Ok i'm going to confuse you some more and say that the flip in your image is one of the less important features of the FL. That mpl looks really juicy for price to hit. {image}
Okay i still owe you a question from previous chart about where to put my TP. With these 2 i got 3 questions total.

Dont worry, i am used to being confused by my crush's mixed signal, so your additional confusion is pretty much welcomed

Will work on the "where to put TP" first because it is starting to spoil waiting for my answer.
Thanks buddy!
Ask, and it is given. Every single time, no exceptions.
  • #4,816
  • Feb 27, 2019 5:41am Feb 27, 2019 5:41am
Lol crush sending mixed signals? Make a move. Ask her out, hold her hand, kiss her. If she rejects you, that’s ok, you tried, you can move on. Plenty of awesome girls out there. If not? Great you have a gf now lol

Quoting beefStew
{quote} Okay i still owe you a question from previous chart about where to put my TP. With these 2 i got 3 questions total. Dont worry, i am used to being confused by my crush's mixed signal, so your additional confusion is pretty much welcomed Will work on the "where to put TP" first because it is starting to spoil waiting for my answer. Thanks buddy!
RIP RTM - long live Nonsense Trading
  • #4,817
  • Feb 27, 2019 9:05am Feb 27, 2019 9:05am
Quoting ahdat
Lol crush sending mixed signals? Make a move. Ask her out, hold her hand, kiss her. If she rejects you, that’s ok, you tried, you can move on. Plenty of awesome girls out there. If not? Great you have a gf now lol {quote}
That was a few years ago. I did make a bold move, and we are going out until today. She behaves like the market.
Just kidding, she was lovely and my fav person

Here is my next attempt bro. I dont know if this one is correct.
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I am now working on the new questions about MPL and important lower limit. You want me to explain why they are important right?

MPL: i dont really have a clue. it looks like there is a small FL flip, or am i imagining things?
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lower limit zone: i kind of undermined this one. it look strong because of the vertical drop, but i cant really find another reason why this zone is important
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Ask, and it is given. Every single time, no exceptions.
  • #4,818
  • Edited 10:08am Feb 27, 2019 9:12am | Edited 10:08am
Here is a trade i would have taken.
on the MPL level bro Ahdat mentioned before.
TP on chart

EDIT: I think this zone is faked out to the upper zone above it. Maybe i should have watched the PA instead of TT. Strong bounce from the fake out zone, lets see how it goes now.

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Ask, and it is given. Every single time, no exceptions.
  • #4,819
  • Feb 27, 2019 9:53am Feb 27, 2019 9:53am
Quoting Fxyogi
There is accurate way of reading the price. But to trade successfully we no need to know all with except proper trading Psychology. There is a great danger coming when we boost up our ego with accurate price reading . Because over confident blows the account. Comparing to this ,those who with great trading career has less accuracy of price reading . This is the funny contrast. In my opinion price reading is easier , emotional control is the difficult task. "MIND IS THE MOST SIGNIFICANT AND FUNDAMENTAL TOOL FOR SUCCESS "

There is a great danger coming when we boost up our ego with accurate price reading


Fxyogi,
Did you figure out how to overcome it ??
  • #4,820
  • Feb 27, 2019 10:24am Feb 27, 2019 10:24am
Quoting hendzwoter
{quote} Do you mean?? If there is QM or DM it will show MPL easily. But if there is no PA, we must learn by ourself where is it?
My reply was purely to agree that scale is important in understanding how far we will retrace and where we will go.

Ultimately though, if you are using the engulf, there must be a clear target
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