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ReadtheMarket - Supply and Demand with Price Action

  • #4,841
  • Feb 28, 2019 12:36am Feb 28, 2019 12:36am
Quoting ahdat
{quote} There's definitely more than one way to trade. Some people won't go below a target Tf, say H1, but they still would use TFs above that. The style i learned goes all the way down the m1. There's really no one way to trade rtm. Learn the basics, then put together your own way of trading. You'll eventually come up with your own theories and philosophies. Tell 5 masters to analyze a chart and they can give you 5 different answers.
i kind of stuck about how to practice.
thanks bro, i guess i will just dig some random post right now.
Ask, and it is given. Every single time, no exceptions.
  • #4,842
  • Feb 28, 2019 12:53am Feb 28, 2019 12:53am
Quoting beefStew
{quote} Bro TJ, after reading your post i feel like it is implied that we can actually trade profitably by using 1 TF? because those that are not visible in a TF does not matter anymore and reversals from those invisible FLs can be explained by other factors as well? Do you care to elaborate? because your post really confirms my thought that there is no way i can master multi TF if i cannot even understand properly trading on 1 TF. Anybody else that also wants to give me advice, please dont hesitate. help this noob out lol

Man, that post is not for beginner . The post is meant to address challenges related to scale in reading the price.

To trade RTM way you must know what is going on all time frames above. Trading rtm without knowing higher time frames is possible but it is gambling.

Lower time frames is not a must. Lower time frames give higher accuracy in entries and exits.
  • #4,843
  • Feb 28, 2019 12:54am Feb 28, 2019 12:54am
Quoting beefStew
{quote} i kind of stuck about how to practice. thanks bro, i guess i will just dig some random post right now.
all i really did was look at trades from people that knew what they were doing, just tried to analyze it with my current knowledge and try to figure out what they did. Then learn more concepts and do it again. The ones you can't figure out, note it, maybe ask people or come back to it later. Trust me it all seems impossible at first but if you do it enough, it just becomes easier.

If you want to make profits faster, just focus on one type of trade setup and only trade that. Flag limits and QM/DM. You might not find as many trades, but all you need is one a day to be profitable. I personally really enjoyed learning everything, as hard as it was.
RIP RTM - long live Nonsense Trading
  • #4,844
  • Feb 28, 2019 12:56am Feb 28, 2019 12:56am
Quoting beefStew
{quote} i kind of stuck about how to practice. thanks bro, i guess i will just dig some random post right now.

In rtm there is one way of reading the price. And there are a lot of ways to trade your reading. No mixing these two
  • #4,845
  • Feb 28, 2019 12:58am Feb 28, 2019 12:58am
Quoting beefStew
{quote} i kind of stuck about how to practice. thanks bro, i guess i will just dig some random post right now.

Take the first page by If of this thread about Origin. Then add these three day free course. And practice it


Edit :
sorry forgot the link : https://rtmacademy.com/index.php/resources/mini-course/day-1-trick-zone
  • #4,846
  • Feb 28, 2019 1:03am Feb 28, 2019 1:03am
Quoting beefStew
{quote} i kind of stuck about how to practice. thanks bro, i guess i will just dig some random post right now.
oh by the way, highly recommended to use ForexTester to test what you are learning (I didn't though because i'm an idiot). At first it will seem impossible but give it a good 40 hours (one week full time). Your learning will be accelerated.
RIP RTM - long live Nonsense Trading
  • #4,847
  • Feb 28, 2019 1:07am Feb 28, 2019 1:07am
Quoting beefStew
{quote} i kind of stuck about how to practice. thanks bro, i guess i will just dig some random post right now.

Maaaan, it takes huge effort to understand what is going on. Then it takes huge effort to realise that this is it and there is not much more left. If you keep practicing on the way - this is good, otherwise you will need again huge effort to trade your knowledge properly



I would teach you the concept but it requires a lot of effort from student and a lot of effort and patience from teacher. I won't take a newby unless i'm seriously interested, interested NOT monetarily but in building a team of traders. And still, currently i'm not in a situation of teaching newbies.


In other words it is all up to you man. You want to learn it - then go and learn. In here i believe you can ask questions but not full concept if people around.
  • #4,848
  • Feb 28, 2019 1:09am Feb 28, 2019 1:09am
Quoting ahdat
{quote} all i really did was look at trades from people that knew what they were doing, just tried to analyze it with my current knowledge and try to figure out what they did. Then learn more concepts and do it again. The ones you can't figure out, note it, maybe ask people or come back to it later. Trust me it all seems impossible at first but if you do it enough, it just becomes easier. If you want to make profits faster, just focus on one type of trade setup and only trade that. Flag limits and QM/DM. You might not find as many trades, but all...
yeah bro im gonna do that. thank you!
I do have a backtesting software, but i dont really know how to test since im half blind about the concept.
I kind of understand how FL works now, but i cannot tie it in with the multi time frame, which i guess is the way to filter those FLs that work apart from those that dont.
Ask, and it is given. Every single time, no exceptions.
  • #4,849
  • Feb 28, 2019 1:10am Feb 28, 2019 1:10am
Quoting ahdat
{quote} oh by the way, highly recommended to use ForexTester to test what you are learning (I didn't though because i'm an idiot). At first it will seem impossible but give it a good 40 hours (one week full time). Your learning will be accelerated.

Agree with Ahdat. I do have a forextester and i use it. And that gave me a lot of understanding.
  • #4,850
  • Feb 28, 2019 1:14am Feb 28, 2019 1:14am
Quoting Tj1
{quote} Take the first page by If of this thread about Origin. Then add these three day free course. And practice it Edit : sorry forgot the link : https://rtmacademy.com/index.php/resources/mini-course/day-1-trick-zone
You mean origin of moves right?
Bro Ahdat kind of taught me how to find those. i will try deepening my understanding about them then.
okay that would be my homework for now right? origin of moves + 3 concepts from RTM free resources.
Ask, and it is given. Every single time, no exceptions.
  • #4,851
  • Feb 28, 2019 1:17am Feb 28, 2019 1:17am
Quoting beefStew
{quote} yeah bro im gonna do that. thank you! I do have a backtesting software, but i dont really know how to test since im half blind about the concept. I kind of understand how FL works now, but i cannot tie it in with the multi time frame, which i guess is the way to filter those FLs that work apart from those that dont.
I kind of understand how FL works now, but i cannot tie it in with the multi time frame, which i guess is the way to filter those FLs that work apart from those that dont.


Take 10 year inside a candle chart - the limits that you see there are related to 10 year candle scale. Then go down to 1 year inside a candle chart - new things came out ? these are lower scale comparing to 10 year in one candle. Then go to 6months in 1 candle chart, then 1 month in 1 candle, then week, day, 4h, 1h, 15m, 5m, 1m, 10ticks, one tick.
  • #4,852
  • Feb 28, 2019 1:26am Feb 28, 2019 1:26am
Quoting fdx
{quote} Hi, I am not sure you were in RTM when it was free to access. If not please do these homework, 1. Find and chart 20 flag limits that bounced price on return 2. Find and chart 20 flag limits that bounced price on susequent returns - note the PA 3. Find and chart 20 flag limits that failed to hold price on first or subsequent return - note the PA, and where price then went

BeefStew,

Thsi homework is also very important.
  • #4,853
  • Feb 28, 2019 1:28am Feb 28, 2019 1:28am
Quoting Tj1
{quote} Maaaan, it takes huge effort to understand what is going on. Then it takes huge effort to realise that this is it and there is not much more left. If you keep practicing on the way - this is good, otherwise you will need again huge effort to trade your knowledge properly I would teach you the concept but it requires a lot of effort from student and a lot of effort and patience from teacher. I won't take a newby unless i'm seriously interested, interested NOT monetarily but in building a team of traders. And still, currently i'm...
Yeah i agree fully that it would take huge amount of effort to understand these all. I would not mind puking blood trying to understand a concept, but i think what makes it hard is having a rigid concept to study about because a lot of the posters here have their own way of thinking.

im sure you wont be interested financially. money is the last thing successful traders worry about

Thanks for the feed back bro!
Ask, and it is given. Every single time, no exceptions.
  • #4,854
  • Feb 28, 2019 1:32am Feb 28, 2019 1:32am
Quoting Tj1
{quote} I kind of understand how FL works now, but i cannot tie it in with the multi time frame, which i guess is the way to filter those FLs that work apart from those that dont. Take 10 year inside a candle chart - the limits that you see there are related to 10 year candle scale. Then go down to 1 year inside a candle chart - new things came out ? these are lower scale comparing to 10 year in one candle. Then go to 6months in 1 candle chart, then 1 month in 1 candle, then week, day, 4h, 1h, 15m, 5m, 1m, 10ticks, one tick.
do you mean on seperate charts? like 1 10-year TF chart, then create new 1Y TF chart, mark limits in there, then create 6-months TF chart and mark limits there,etc?
or do you mean i keep zooming in on the HTF chart? mark a limit on 10-year TF, zoom in on that limit, mark the 1Y limit inside, then zoom in to 6-months TF, and so?
Ask, and it is given. Every single time, no exceptions.
  • #4,855
  • Feb 28, 2019 1:38am Feb 28, 2019 1:38am
Quoting Tj1
{quote} BeefStew, Thsi homework is also very important.
I actually finished marking 20 successful FLs that bounce on return.
I did find FLs that are failed on return easily, but i cannot really "not the PA", that statement is too vague.
the third one, those FLs that still hold for the second touch, i have not completed that because im still trying to figure out what makes it different between successful FLs on first bounce vs failed FLs on first bounce.
Ask, and it is given. Every single time, no exceptions.
  • #4,856
  • Feb 28, 2019 1:43am Feb 28, 2019 1:43am
Quoting beefStew
{quote} do you mean on seperate charts? like 1 10-year TF chart, then create new 1Y TF chart, mark limits in there, then create 6-months TF chart and mark limits there,etc? or do you mean i keep zooming in on the HTF chart? mark a limit on 10-year TF, zoom in on that limit, mark the 1Y limit inside, then zoom in to 6-months TF, and so?

Yeah, here are the steps for forextester :

1. Download daily data from investing.com for 30-50 years.
2. Upload it into FT3. You can do it even in free version. And create new custom time frames : 10year, 5year, 1year, 6months, Edit: 3months also.
3. Mark fls, after that go one step lower.

Basically, yes, keep zooming in with elements from higher scale. Make sure to keep chart nonmessy so you keep clearly understanding what is going on. Also note the boundaries, what these boundaries of higher scale FLs do to price ?



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  • #4,857
  • Feb 28, 2019 1:45am Feb 28, 2019 1:45am
Quoting Tj1
{quote} Yeah, here are the steps for forextester : 1. Download daily data from investing.com for 30-50 years. 2. Upload it into FT3. You can do it even in free version. And create new custom time frames : 10year, 5year, 1year, 6months. 3. Mark fls, after that go one step lower. Basically, yes, keep zooming in with elements from higher scale. Make sure to keep chart nonmessy so you keep clearly understanding what is going on. Also note the boundaries, what these boundaries of higher scale FLs do to price ? {image}
Loud and clear bro.
Going to work on it tonight.
Thanks a lot!
Ask, and it is given. Every single time, no exceptions.
  • #4,858
  • Feb 28, 2019 1:45am Feb 28, 2019 1:45am
This is public domain. I don't want to give anymore publicly. Cheers
  • #4,859
  • Feb 28, 2019 5:12am Feb 28, 2019 5:12am
Clueless newbie luck trading.

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  • #4,860
  • Feb 28, 2019 6:20am Feb 28, 2019 6:20am
Quoting selfcontrol
Clueless newbie luck trading. {image}{image}{image}

These manipulation areas do the magic
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