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ReadtheMarket - Supply and Demand with Price Action

  • #4,881
  • Mar 1, 2019 6:42am Mar 1, 2019 6:42am
Quoting fdx
{quote} Did you consider the Lsk in higher time frame or the iQM?

LSK in higher time frame. I was expecting the low of that kink to be taken. By quick target meant no waiting for bounces.
  • #4,882
  • Mar 1, 2019 6:49am Mar 1, 2019 6:49am
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?

Man, in my understanding, this is one of the fundamentals of RTM.

There is strict rule. I will not answer it here.
  • #4,883
  • Mar 1, 2019 6:49am Mar 1, 2019 6:49am
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aka Liquinvest
  • #4,884
  • Mar 1, 2019 6:52am Mar 1, 2019 6:52am
Quoting clay.fxp
{image}

Clay, brother open your eyes.

The game is done in futures. To me FX looks like a projection of control from futures.
If's answer was he wants both to get aligned.



Brother, with respect to you, do you really think that your so called DP made this strong move ??
  • #4,885
  • Mar 1, 2019 7:00am Mar 1, 2019 7:00am
this is 1


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this is 2


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  • #4,886
  • Mar 1, 2019 7:11am Mar 1, 2019 7:11am
Quoting clay.fxp
{image}
Ok, that also makes sence. I appologize for prior message.


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  • #4,887
  • Mar 1, 2019 9:00am Mar 1, 2019 9:00am
Quoting ahdat
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. {image}


Bro here i ask my doubt regarding your chart . i think green rectangle marked in my chart is engulf . but that does not move down much so may i consider this as orginal flag that break left black flag
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  • #4,888
  • Mar 1, 2019 9:34am Mar 1, 2019 9:34am
sorry for kicking in

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  • #4,889
  • Mar 1, 2019 9:54am Mar 1, 2019 9:54am
@Tji Thanks bro . @ Tji @ahdat Here again i posted a image there i marked 2 flags which one we take as a valid flag . because i saw many charts like this price most time bounced in both places .

green box break SR to its left or any flag on left then it retrace deep in previous range .

But red box break SR or flag to its left as then it retrace above range or flag which it breaks left then it moves


i saw both situation occurs in same charts first green and then red . so i have doubt which one is valid flag . pls answer thanks
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  • #4,890
  • Mar 1, 2019 11:39am Mar 1, 2019 11:39am
Quoting Tj1
sorry for kicking in {image}
Bro TJ,
Thank you for this. I often find this case bro Yachusai asked and always confused. Now it is clearer. Is it just me or FLs is a bit more complex than breaking other fL/SR .
Ask, and it is given. Every single time, no exceptions.
  • #4,891
  • Mar 1, 2019 11:40am Mar 1, 2019 11:40am
Bro yachusai,
Without trying to be a smartass here, i would consider the green/left FL as the real one, because the right one is inside the green one and does not really break anything.

Quoting yachusai
@Tji Thanks bro . @ Tji @ahdat Here again i posted a image there i marked 2 flags which one we take as a valid flag . because i saw many charts like this price most time bounced in both places . green box break SR to its left or any flag on left then it retrace deep in previous range . But red box break SR or flag to its left as then it retrace above range or flag which it breaks left then it moves i saw both situation occurs in same charts first green and then red . so i have doubt which one is valid flag . pls answer thanks {image}
Ask, and it is given. Every single time, no exceptions.
  • #4,892
  • Edited 1:31pm Mar 1, 2019 1:03pm | Edited 1:31pm
Quoting Tj1
{quote} Ok, that also makes sence. I appologize for prior message. {image}
ahhhh yup i didn't look left enough. Good thing I closed my trade at shoulder level. points go to clay
RIP RTM - long live Nonsense Trading
  • #4,893
  • Mar 1, 2019 1:21pm Mar 1, 2019 1:21pm
Quoting yachusai
{quote} Bro here i ask my doubt regarding your chart . i think green rectangle marked in my chart is engulf . but that does not move down much so may i consider this as orginal flag that break left black flag {image}
Here's my view, i could be wrong

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RIP RTM - long live Nonsense Trading
  • #4,894
  • Mar 1, 2019 1:53pm Mar 1, 2019 1:53pm
Ah you’ll have to look left some more to see if anything has broken. But if you’re not sure, use the whole thing. Less pips but it’s safer.

Edit: never mind read your question wrong (I hate mornings). Blue box

Quoting yachusai
@Tji Thanks bro . @ Tji @ahdat Here again i posted a image there i marked 2 flags which one we take as a valid flag . because i saw many charts like this price most time bounced in both places . green box break SR to its left or any flag on left then it retrace deep in previous range . But red box break SR or flag to its left as then it retrace above range or flag which it breaks left then it moves i saw both situation occurs in same charts first green and then red . so i have doubt which one is valid flag . pls answer thanks {image}
RIP RTM - long live Nonsense Trading
  • #4,895
  • Mar 1, 2019 6:54pm Mar 1, 2019 6:54pm
Hi ahdat,
How you face different feed from different brokers???

I'm really confused.
RIP RTM
  • #4,896
  • Mar 1, 2019 7:01pm Mar 1, 2019 7:01pm
Quoting hendzwoter
Hi ahdat, How you face different feed from different brokers??? I'm really confused.
I just trade what I see, and if I lose a trade because of bad data, i just take that as the cost of doing business. It’s too much work for me to switch back and forth between brokers.
RIP RTM - long live Nonsense Trading
  • #4,897
  • Mar 1, 2019 10:18pm Mar 1, 2019 10:18pm
Quoting ahdat
{quote} I just trade what I see, and if I lose a trade because of bad data, i just take that as the cost of doing business. It’s too much work for me to switch back and forth between brokers.
I am inspired LOL
RIP RTM
  • #4,898
  • Mar 1, 2019 10:52pm Mar 1, 2019 10:52pm
Finally got two good trade before the end of the week. Glad that RTM is working its magic.

1. USD/CHF

Ahdat, this is the one we talked about a couple of messages ago and this is the follow up.
As the price dropped to hit your TG and beyond, it eventually came back. By using RTM way to analyse the chart, it becomes obvious that the price would be likely to turn at the level and a limit order was placed accordingly.
The price did hit the level and turned.
I'd like to hear your opinion if the TG is good, since I am still in the trade. How do you feel the grand scheme? I do not have very clear picture.

2. USD/JPG

The order was entered at a level of ignored demand way back in Oct last year that turned into supply. The current TG is due to consumed D marked in the chart, not sure if I read the chart correctly or if something is missing. Welcome all the comments.

3. GBP/USD

This one is totally a different story. Initially placed a limit order, but later wanted to enter a market order instead. Originally I wanted to see the price dropped to the engulf below FL and then enter sell order on retrace. However, the price never came back and kept dropping all the way the bottom where I had a buy limit order placed. However, it did not get filled either. It was so close. would like to have your comments what I missed there.....

Lesson learned:
- Set a limit order or just place a market order and walked away from the computer !
- Staring the screen hurts eyes and mess emotions, eventually leads to poor judgment!
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  • #4,899
  • Mar 2, 2019 12:41am Mar 2, 2019 12:41am
Quoting mica
Finally got two good trade before the end of the week. Glad that RTM is working its magic. 1. USD/CHF Ahdat, this is the one we talked about a couple of messages ago and this is the follow up. As the price dropped to hit your TG and beyond, it eventually came back. By using RTM way to analyse the chart, it becomes obvious that the price would be likely to turn at the level and a limit order was placed accordingly. The price did hit the level and turned. I'd like to hear your opinion if the TG is good, since I am still in the trade. How do you feel...
nice trading. trusting my limit orders is still a pain point for me, and i tend to enter too early on market orders, feel your pain. Here's my view on UC

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RIP RTM - long live Nonsense Trading
  • #4,900
  • Mar 2, 2019 3:30am Mar 2, 2019 3:30am
Quoting Tj1
{quote} No worries man, sometimes we undervalue people and opportunities around us. The important is what are you going to do next.
May be I wanna be a writer. A song. Or a story.
I guess.
RIP RTM
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