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ReadtheMarket - Supply and Demand with Price Action

  • #4,861
  • Feb 28, 2019 9:00am Feb 28, 2019 9:00am
Let's have some fun



Ooops, there are batch of news coming :
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So what do we do ????


Simple three step process

1. Prepare in advance
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2. Move your SL just in case. Yeahh, agree, but this is the safe way
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3. And we find ourselfs entering in the top of the pin bar
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Yes, exit is not the best. But who cares ???? As long as we make the money
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  • #4,862
  • Feb 28, 2019 9:09am Feb 28, 2019 9:09am
Our entry and our exit. Places of manipulation inside the limits.

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  • #4,863
  • Feb 28, 2019 9:19am Feb 28, 2019 9:19am
This supposed to be a quick take profit ?


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  • #4,864
  • Feb 28, 2019 10:24am Feb 28, 2019 10:24am
Quoting Tj1
This supposed to be a quick take profit ? {image}
Did you consider the Lsk in higher time frame or the iQM?
  • #4,865
  • Feb 28, 2019 11:04am Feb 28, 2019 11:04am
You are very different from TJ1 that I know before.
Now, you are a stoploss trader.

I will catch you up bro.....
Do you have a dream to join the5%ers???

Thanks when you invite me to telegram.
Even I don't give good responding to you.

I will trade soon....... Trade live soon but may be next week....

Still learning everything....

Actually I am a bit jealous to some members here that have ahdat as a teacher here.....

But I have ferinacci here.... His trade I don't know why his chart that stoploss trading lead me to QM, DM and Can Can... Even BSZ, 3 Drive, and CP also CPLQ....

I don't know why.....

But ahdat comes up....
And I know what ferinacci want to tell me....

I'm glad have this community.

I have a dream that someday I can join the5ers.

If I able to pass over the test.
You know many people already helped me.

RIP RTM
  • #4,866
  • Feb 28, 2019 1:39pm Feb 28, 2019 1:39pm
Quoting ahdat
{quote} its a good level to watch. If you want big R you'll have to learn to move between the HTF and LTF
Is it necessary to look until M1 or M5?
I guess this what you mean.
RIP RTM
  • #4,867
  • Feb 28, 2019 1:41pm Feb 28, 2019 1:41pm
Quoting hendzwoter
You are very different from TJ1 that I know before. Now, you are a stoploss trader. I will catch you up bro..... Do you have a dream to join the5%ers??? Thanks when you invite me to telegram. Even I don't give good responding to you. I will trade soon....... Trade live soon but may be next week.... Still learning everything.... Actually I am a bit jealous to some members here that have ahdat as a teacher here..... But I have ferinacci here.... His trade I don't know why his chart that stoploss trading lead me to QM, DM and Can Can... Even BSZ, 3...
Hey buddy. I'm here to try to help anyone, as long as you're putting in the work to do the exercises, homework, and asking good specific questions. My questions and exercises are for everyone. If all someone wants is simple answers, then no one can't help because that person is not ready to learn.

You need hundreds and thousands of hours of study. Not just looking at the charts and people's posts, but studying, drawing, practicing yourself. If you think you've studied enough, you haven't, go study some more. Use forex tester to practice until you are +50% profitable after 100 trades, while not breaking your rules. Then run demo and have 8 weeks of consecutive profits, while not breaking your rules. If you can't be consistent and follow your rules in demo, then trading real money will make it worse. That's it, that's the secret
RIP RTM - long live Nonsense Trading
  • #4,868
  • Feb 28, 2019 1:44pm Feb 28, 2019 1:44pm
Quoting hendzwoter
{quote} Is it necessary to look until M1 or M5? I guess this what you mean.
not necessary, but you'll get the biggest R that way. I know some traders that don't go below H1, they are still very profitable (and less stressed). Do what you think is best for you, there's no one way to trade rtm.
RIP RTM - long live Nonsense Trading
  • #4,869
  • Feb 28, 2019 2:23pm Feb 28, 2019 2:23pm
Quoting ahdat
{quote} not necessary, but you'll get the biggest R that way. I know some traders that don't go below H1, they are still very profitable (and less stressed). Do what you think is best for you, there's no one way to trade rtm.
Hi ahdat,
I guess if there is touch trade setup. And we know exactly the scale (ummm.....) Then actually we know the first target.

I guess if our trade just able to.go to just first target. It is a good deal. Because what we have after that is another touch trade setup. May be this is called order flow.
RIP RTM
  • #4,870
  • Feb 28, 2019 2:30pm Feb 28, 2019 2:30pm
First TG get consumed.
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RIP RTM
  • #4,871
  • Feb 28, 2019 2:53pm Feb 28, 2019 2:53pm
Quoting hendzwoter
{quote} Hi ahdat, I guess if there is touch trade setup. And we know exactly the scale (ummm.....) Then actually we know the first target. I guess if our trade just able to.go to just first target. It is a good deal. Because what we have after that is another touch trade setup. May be this is called order flow.
right price usually just bounces from zone to zone (unless its trending hard). Some people just scalp these bounces all day long for 1-3R each.
RIP RTM - long live Nonsense Trading
  • #4,872
  • Mar 1, 2019 1:33am Mar 1, 2019 1:33am
Bro Ahdat and TJ,
I want to ask about origin of moves.
1. Are they suppose to be always the first flip of FLs right after price turning?
2. I tried locating some of them on M15, not really hard to find the first FL flip on turning points but then i jump to M5 and there is another first FL flip under the M15's one.
Then should i always go to M1 to locate the actual origin of moves?
Ask, and it is given. Every single time, no exceptions.
  • #4,873
  • Mar 1, 2019 2:43am Mar 1, 2019 2:43am
welp, our reads change as price changes. USDCHF is finally heading to our qm level, but it doesn't seem like we'll get any more than a bounce, if anything at all.

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RIP RTM - long live Nonsense Trading
  • #4,874
  • Mar 1, 2019 2:52am Mar 1, 2019 2:52am
Quoting beefStew
Bro Ahdat and TJ, I want to ask about origin of moves. 1. Are they suppose to be always the first flip of FLs right after price turning? 2. I tried locating some of them on M15, not really hard to find the first FL flip on turning points but then i jump to M5 and there is another first FL flip under the M15's one. Then should i always go to M1 to locate the actual origin of moves?
ah man again im not good at definitions. But when i think origin, i think either the first flip like you said, and/or the mpl. To me there's no hard rule, it depends. we are essentially looking for the last set of orders. It could be a few different things depending on how price was formed. maybe post a couple examples of ones that did work, and ones that didn't work based on your current theory.
RIP RTM - long live Nonsense Trading
  • #4,875
  • Mar 1, 2019 2:56am Mar 1, 2019 2:56am
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RIP RTM - long live Nonsense Trading
  • #4,876
  • Mar 1, 2019 3:25am Mar 1, 2019 3:25am
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  • #4,877
  • Mar 1, 2019 3:27am Mar 1, 2019 3:27am
Quoting ahdat
{quote} ah man again im not good at definitions. But when i think origin, i think either the first flip like you said, and/or the mpl. To me there's no hard rule, it depends. we are essentially looking for the last set of orders. It could be a few different things depending on how price was formed. maybe post a couple examples of ones that did work, and ones that didn't work based on your current theory.
by "last set of orders" you mean like the last area that make a relatively strong move right? i kind of get it.
i guess it is similar to the "kinked area" i discovered before.
Thanks brother
Ask, and it is given. Every single time, no exceptions.
  • #4,878
  • Mar 1, 2019 3:56am Mar 1, 2019 3:56am
Quoting beefStew
{quote} by "last set of orders" you mean like the last area that make a relatively strong move right? i kind of get it. i guess it is similar to the "kinked area" i discovered before. Thanks brother
The last set of orders is THE move. Once that's hit, price usually reverses (assuming you have the right trade direction).
RIP RTM - long live Nonsense Trading
  • #4,879
  • Mar 1, 2019 4:31am Mar 1, 2019 4:31am
Quoting clay.fxp
{image}
slightly different view, although if you went long in the base, there's some conflicting info as to where to close the trade. Since I can't watch the trade, playing it safe and closing it at the shoulder lvl

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RIP RTM - long live Nonsense Trading
  • #4,880
  • Mar 1, 2019 6:36am Mar 1, 2019 6:36am
Quoting hendzwoter
You are very different from TJ1 that I know before. Now, you are a stoploss trader. I will catch you up bro..... Do you have a dream to join the5%ers??? Thanks when you invite me to telegram. Even I don't give good responding to you. I will trade soon....... Trade live soon but may be next week.... Still learning everything.... Actually I am a bit jealous to some members here that have ahdat as a teacher here..... But I have ferinacci here.... His trade I don't know why his chart that stoploss trading lead me to QM, DM and Can Can... Even BSZ, 3...

No worries man, sometimes we undervalue people and opportunities around us.

The important is what are you going to do next.
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