ReadtheMarket - Supply and Demand with Price Action | Page 247 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Readthemarket (Ifmyante) - Is it legit stuff or not? 19 replies

Price Will Tell - Supply/Demand Price Action Trading 1,858 replies

Price Action + Demand & Supply Zone + Money Management 0 replies

Price movement as a function of Supply and Demand 43 replies

Suppy, Demand and Price Action 28 replies

Attachments: ReadtheMarket - Supply and Demand with Price Action
Exit Attachments

ReadtheMarket - Supply and Demand with Price Action

  • #4,921
  • Edited 10:00pm Mar 3, 2019 9:45pm | Edited 10:00pm
Quoting snipergang
{quote} After getting close to tg NJ shot up, engulfing prior PA as well as forming a base and FL in the way of my tg. I closed manually for 12. I still get confused with engulfs trying to tie in when price engulfs smallers FL within larger poles. Price is currently sitting at a QM level. My question is, was this bull move an engulf invalidating the trade meaning closing it was the correct call, or should i have held it since it didnt break QM level. Thanks in advance {image}
IMHO, NJ should have reached it TG after engulf and gaped upwards when Asia was open.

Sorry to use your chart to present my readings. We'll see how it might be folding out in the next couple of hours.
The experts in the community would have a better readings and it will be a good chance to learn from them.

Looking the chart again, QM level might be another spot to watch PA developing.....close gap at this level
Attached Image (click to enlarge)
Click to Enlarge Name: NJ.jpg Size: 423 KB
  • #4,922
  • Mar 3, 2019 9:48pm Mar 3, 2019 9:48pm
Quoting snipergang
{quote} nice trade. Also an FTB to a cap right?
almost there, but in my readings, it still have room up to the cap, will see how it might come up again ( or 2nd time back to the level)
  • #4,923
  • Mar 3, 2019 9:53pm Mar 3, 2019 9:53pm
Quoting snipergang
{quote} just noticed it looks like you entered at a MPL as well. Would you guys consider this a MPL? {image}
yeah, it is QM level, not sure of MPL. I need to figure of some of terms and definitions.
  • #4,924
  • Mar 3, 2019 10:14pm Mar 3, 2019 10:14pm
Quoting mica
{quote} yeah, it is QM level, not sure of MPL. I need to figure of some of terms and definitions.
Maximum pain level or a trick zone. If has a free hour and a half video about it here, https://rtmacademy.com/index.php/resources/mini-course/day-1-trick-zone
  • #4,925
  • Mar 3, 2019 10:16pm Mar 3, 2019 10:16pm
Quoting mica
{quote} IMHO, NJ should have reached it TG after engulf and gaped upwards when Asia was open. Sorry to use your chart to present my readings. We'll see how it might be folding out in the next couple of hours. The experts in the community would have a better readings and it will be a good chance to learn from them. Looking the chart again, QM level might be another spot to watch PA developing.....close gap at this level {image}
thanks for your feedback. helpful having another set of eyes when trying to understand this RTM stuff
  • #4,926
  • Mar 4, 2019 8:01pm Mar 4, 2019 8:01pm
Hi everybody.
It is very exiting about touch trade...
But when I learn something that I guess work and I guess it is a touch trade.

When I compare to chart by chart before. It is just different.
....
Make me just........

So I guess there is good reason to buy this. But no QM level.

Please your advice.... I'm confused.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2019-03-05-10-55-38-311_net.metaquotes.metatrader4.png Size: 80 KB
RIP RTM
  • #4,927
  • Mar 4, 2019 10:47pm Mar 4, 2019 10:47pm
Quoting hendzwoter
Hi everybody. It is very exiting about touch trade... But when I learn something that I guess work and I guess it is a touch trade. When I compare to chart by chart before. It is just different. .... Make me just........ So I guess there is good reason to buy this. But no QM level. Please your advice.... I'm confused. {image}
there did not seem to have a QM set up at that level, instead, it was a FTR that stopped the price at your arrow point.
However, IMHO, your arrow point actually engulfed into a CP, ideally, you might want to seek sell instead of buy over there.
Just my 2 cents, those more experienced experts could give you more valuable advice.
  • #4,928
  • Mar 4, 2019 11:21pm Mar 4, 2019 11:21pm
Quoting mica
{quote} there did not seem to have a QM set up at that level, instead, it was a FTR that stopped the price at your arrow point. However, IMHO, your arrow point actually engulfed into a CP, ideally, you might want to seek sell instead of buy over there. Just my 2 cents, those more experienced experts could give you more valuable advice.
But I wanna trade this way...
Not sure with perfect entry.......
RIP RTM
  • #4,929
  • Mar 5, 2019 12:49am Mar 5, 2019 12:49am
Quoting hendzwoter
{quote} But I wanna trade this way... Not sure with perfect entry.......
RTM is more then QM here is your chart with my interpretation ;-)
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD_0503.png Size: 207 KB
aka Liquinvest
  • #4,930
  • Mar 5, 2019 5:15pm Mar 5, 2019 5:15pm
Quoting hendzwoter
Hi everybody. It is very exiting about touch trade... But when I learn something that I guess work and I guess it is a touch trade. When I compare to chart by chart before. It is just different. .... Make me just........ So I guess there is good reason to buy this. But no QM level. Please your advice.... I'm confused. {image}
why do you say that's a good level to buy?
RIP RTM - long live Nonsense Trading
  • #4,931
  • Mar 6, 2019 3:05am Mar 6, 2019 3:05am
Hello Guys I started learning RTM in December 2018 and i have been going on through multiple pdfs and videos on youtube as well as those on the official RTM website just want to make some little contribution to this forum if can and learn some more hopefully about this amazing method
  • #4,932
  • Mar 6, 2019 3:09am Mar 6, 2019 3:09am
Quoting snipergang
Here are my two trades for Asia session. Any feedback would be greatly appreciated. Trade 1. NZDJPY- price had engulfed Fl limits to the left on 1hr so bias is short. Price then retraced to a fresh FL/Supply on 5 min. Entry was one 1 min QM. Trade 2. AUDCHF- 15 min- price formed a DBR/cap, price then engulfed FLs to the left, I set a buy limit on the cap, which was didnt fill so I entered on market execution. {image} {image} {image} {image}
Hello Sniper I had a similar trade as you did. NJ can you guys please look at the analysis I did and give me your opinion about it
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.H1.png Size: 85 KB
Click to Enlarge Name: 2.M5.png Size: 76 KB
Click to Enlarge Name: 3.M1 DP ENTRY.png Size: 80 KB
Click to Enlarge Name: 5.Reference.png Size: 25 KB
  • #4,933
  • Mar 6, 2019 8:04am Mar 6, 2019 8:04am
having struggle to be sure if the area was marked correctly... this often affects my chart reading in sequencing and thus even result in trading in a wrong direction.

Taking the below chart for example... would like to hear your comments
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.jpg Size: 377 KB
  • #4,934
  • Mar 6, 2019 10:45am Mar 6, 2019 10:45am
USDCAD short trade
Multiple entries, average 1.34512,
stop at 1.34741 stop above green rectangle

Monitoring price around dashed lines
Ultimate target bottom of red dashed box at 1.29687
Possible 1:20 RR
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD.proM1.png Size: 10 KB
Attached Images
  • #4,935
  • Mar 6, 2019 4:47pm Mar 6, 2019 4:47pm
Just wanted to chime in. Have been quietly going through the RTM journey for a couple of years now, racking my brain to try and solve this puzzle that If has laid out for us.

I have finally seen 'the truth' for myself. Thanks doesn't even come anywhere close to expressing the appreciation to If and other key contributors. Will never look at trading the same way.

Cheers
  • #4,936
  • Edited 6:54pm Mar 6, 2019 4:53pm | Edited 6:54pm
Quoting mica
having struggle to be sure if the area was marked correctly... this often affects my chart reading in sequencing and thus even result in trading in a wrong direction. Taking the below chart for example... would like to hear your comments {image}
https://www.forexfactory.com/attachment.php?attachmentid=3253823&stc=1&thumb=1&d=1551888284

Hi Mica,

My view from what I can see on that chart. It is not an engulf. There is an incorrect flag drawn.
  • #4,937
  • Mar 6, 2019 6:57pm Mar 6, 2019 6:57pm
Quoting TraderNZ
{quote} https://www.forexfactory.com/attachment.php?attachmentid=3253823&stc=1&thumb=1&d=1551888284 Hi Mica, My view from what I can see on that chart. It is not an engulf. There is an incorrect flag drawn.
Thanks, TraderNZ, can you show it on the chart?
  • #4,938
  • Mar 6, 2019 10:29pm Mar 6, 2019 10:29pm
Quoting mica
{quote} Thanks, TraderNZ, can you show it on the chart?
this is what i see. Looking left more would be helpful as well. btw i generally try to be careful trading against a strong trend. They can break rules and just keep going in trend direction.

Attached Image (click to enlarge)
Click to Enlarge Name: gbp.jpg Size: 192 KB
RIP RTM - long live Nonsense Trading
  • #4,939
  • Mar 7, 2019 7:01am Mar 7, 2019 7:01am
Attached Image (click to enlarge)
Click to Enlarge Name: photo_2019-03-07_18-29-12.jpg Size: 61 KB


Power in vendors " hands
  • #4,940
  • Mar 7, 2019 7:02am Mar 7, 2019 7:02am
Quoting clay.fxp
{image} Power in vendors " hands
Attached Image (click to enlarge)
Click to Enlarge Name: photo_2019-03-07_18-32-19.jpg Size: 67 KB



[email protected]
2 traders viewing now