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ReadtheMarket - Supply and Demand with Price Action

  • #5,001
  • Mar 15, 2019 1:55pm Mar 15, 2019 1:55pm
trading can be frustrating
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  • #5,002
  • Mar 16, 2019 12:25am Mar 16, 2019 12:25am
Quoting Zyon
Here is my take on SP500. What do you guys think about it ? {image} {image}
I dont have spx on my charts, but here's a perspective based on the charts I've seen, adding to MTL Trader's. Conflicting signals for a short, but always trust your own reads (re-evaluate if you have a new perspective to consider). If you're wrong, find where you went wrong in your reads and adjust for next time.

Attached Image (click to enlarge)
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Attached Image
RIP RTM - long live Nonsense Trading
  • #5,003
  • Mar 16, 2019 12:54am Mar 16, 2019 12:54am
Quoting corsica
trading can be frustrating {image}
Can you please attach that indicator in your left top corner?
  • #5,004
  • Mar 16, 2019 1:26am Mar 16, 2019 1:26am
Quoting hendzwoter
But sometimes it just fail....
Here's an exercise i recommend every time you learn something new in RTM.

1. Find 20-100 or more examples where that thing you learned worked.
2. Find 20-100 or more examples where it did NOT work.

Study both intently, through multiple time frames. Try to figure out why they did/did not work, applying the other rtm concepts that you have learned. You seem quite frustrated by your posts. More homework will fix that, as painful as it is to do. Try doing this with what MTL Trader just showed you.
RIP RTM - long live Nonsense Trading
  • #5,005
  • Mar 16, 2019 7:20am Mar 16, 2019 7:20am
Quoting ahdat
{quote} Here's an exercise i recommend every time you learn something new in RTM. 1. Find 20-100 or more examples where that thing you learned worked. 2. Find 20-100 or more examples where it did NOT work. Study both intently, through multiple time frames. Try to figure out why they did/did not work, applying the other rtm concepts that you have learned. You seem quite frustrated by your posts. More homework will fix that, as painful as it is to do. Try doing this with what MTL Trader just showed you.
Hi ahdat,
Do you still trade PA or just touch trade?
RIP RTM
  • #5,006
  • Mar 16, 2019 7:50am Mar 16, 2019 7:50am
Hi everybody,
Yesterday I guess it will be good to sell at QML above.
I don't take it practically cause this is demo account.

So it works. But the TP.
If I expect the box bellow. I guess I just too greedy.
Attached Image (click to enlarge)
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RIP RTM
  • #5,007
  • Edited 8:34am Mar 16, 2019 7:55am | Edited 8:34am
Quoting corsica
trading can be frustrating {image}
my view maybe it helps (4k) and it'd be good to hear from veterans if that fits. I don't want to show anything wrong.
Attached Image (click to enlarge)
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aka Liquinvest
  • #5,008
  • Mar 16, 2019 9:16am Mar 16, 2019 9:16am
Quoting MTL Trader
{quote} hendzwoter, be careful in which scale you are in you are currently in a HTF scale where price decided to go down so long is not a good option see blue box. Whit this in mind, with the video you've watched, IF teaching and my drawing, where would you short? Where would you put your stop loss and where would you put your target {image} {image}
In the video. The stoploss is not the kink. And I don't know what is it?
RIP RTM
  • #5,009
  • Mar 16, 2019 9:29am Mar 16, 2019 9:29am
Quoting hendzwoter
{quote} Hi ahdat, Do you still trade PA or just touch trade?
You can have PA in the htf and TT in the low timeframes. You might be misunderstanding what tt actually is..
RIP RTM - long live Nonsense Trading
  • #5,010
  • Mar 16, 2019 11:17am Mar 16, 2019 11:17am
Hi, MTL, your statistics make me wonder, since i'm suffering from this issue:

how to define the TP? or estimate the most likely target?

for every setup, i put 3 positions, each position would be 1R risk

if lose, i'll lose 3R

if winning, i'll exit 1st position at 1R, so 1R win
i'll exit 2nd position at 2R, so 2R win
i'll exit 3rd position at 5R, so 5R win ( or it retrace back to 1R?)
altogether, i have 8R win (or 4R, if price did retrace)

so all in all, for my setup, I have only 8:3 (or 4:3), that is, 2+RR or 1+RR.
That's what I got for my TT, although I've already watch daily/4H and down to M15/m5 (sometimes). indeed i'm too lazy to check m5/m1......
but to get 8, 9RR on average, you apparently are able to capture a distant target. what is your tip? if I may ask. all i can guess is using M1 to enter H4/daily setups, but those trades are rare since it is on H4/daily.

Thanks.

Quoting MTL Trader
{quote}On the other side, my wins give me 8-9 RR on average, and 1 or 2 out of 10 trades will give me 15-20 RR.
  • #5,011
  • Edited 12:08pm Mar 16, 2019 11:38am | Edited 12:08pm
Quoting ahdat
{quote} You can have PA in the htf and TT in the low timeframes. You might be misunderstanding what tt actually is..
Hmm.....
I guess yes ....

Do you mean this way?
H4 PA then QM inside it on M30......
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RIP RTM
  • #5,012
  • Mar 16, 2019 10:37pm Mar 16, 2019 10:37pm
Quoting charvo
Hi, MTL, your statistics make me wonder, since i'm suffering from this issue: how to define the TP? or estimate the most likely target? for every setup, i put 3 positions, each position would be 1R risk if lose, i'll lose 3R if winning, i'll exit 1st position at 1R, so 1R win i'll exit 2nd position at 2R, so 2R win i'll exit 3rd position at 5R, so 5R win ( or it retrace back to 1R?) altogether, i have 8R win (or 4R, if price did retrace) so all in all, for my setup, I have only 8:3 (or 4:3), that is, 2+RR or 1+RR. That's what I got for my TT, although...
Hi charvo,
If TT just give you little, why don't trade PA like before?
RIP RTM
  • #5,013
  • Mar 17, 2019 9:51am Mar 17, 2019 9:51am
i found a few painful issues

1. after finding the pa, waiting for the retrace to MPL is too time-consuming, and often it won't reach MPL. To capture a retrace, i somehow need to stay by the screen, which i cannot do.
2. i often read pa wrong, i must admit. so i might remove this 'reading pa' from my trading to reduce loss?

after all, very likely is due to my poor reading of price


Quoting hendzwoter
{quote} Hi charvo, If TT just give you little, why don't trade PA like before?
  • #5,014
  • Mar 17, 2019 10:39am Mar 17, 2019 10:39am
Quoting Danger-Mouse
Hi, I'm new to this great thread and have been taking in the information. IF posted a chart near the beginning of the thread. I'm not sure about the last sentence. Did he mean an engulf of the red box after price has broken up through it, then back into it? {image} {image}
I guees it would be like FL ignored or cap....
RIP RTM
  • #5,015
  • Mar 17, 2019 10:54am Mar 17, 2019 10:54am
Hi charvo,
If I take the opposite of QML as 1st TG.

It will be 20R without spread. Or 10R if spread just wide.

Or I still don't know what is TT.

I guess TT is not about how far price move.

Sorry to talk to old timer like I know something.
Please forget this and teach me something.
Actually when FXYogi and you come back here.
I expect something......
I don't know I am just human.....
Attached Image (click to enlarge)
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RIP RTM
  • #5,016
  • Mar 17, 2019 1:20pm Mar 17, 2019 1:20pm
Quoting hendzwoter
Hi charvo, If I take the opposite of QML as 1st TG. It will be 20R without spread. Or 10R if spread just wide. Or I still don't know what is TT. I guess TT is not about how far price move. Sorry to talk to old timer like I know something. Please forget this and teach me something. Actually when FXYogi and you come back here. I expect something...... I don't know I am just human..... {image}
Focus on reading price instead of zooming in on random RTM abbreviations. If you don't understand why price is doing A then B then C then you should start over again. Your signature "My trading skill is from people's kindness." has me thinking two things; 1) people are not very kind, 2) focus more on yourself than on others. From what I've read from you on this thread for well over a year now I'm baffled to say the least of how you are still capable of asking such basic questions, very many of which you have answered yourself in earlier posts.

Less forum, more solitude with charts, please brother.
  • #5,017
  • Mar 17, 2019 2:28pm Mar 17, 2019 2:28pm
Quoting hendzwoter
Hi charvo, If I take the opposite of QML as 1st TG. It will be 20R without spread. Or 10R if spread just wide. Or I still don't know what is TT. I guess TT is not about how far price move. Sorry to talk to old timer like I know something. Please forget this and teach me something. Actually when FXYogi and you come back here. I expect something...... I don't know I am just human..... {image}
I'll give " selfcontrol" right concentrate more on you and train your brain. Do your tasks and sit down on a reasonable monitor (your screens always look like you're trading from a mobile). attached is a screen from eurjpy with a very simple trade with an RR 11.87 on a very bad exit. but it took me about 10 months to read the market the way I do now and I also make mistakes when trading where I ask myself why I did the trade.
but you need screentime before you think about TT.
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aka Liquinvest
  • #5,018
  • Mar 17, 2019 6:31pm Mar 17, 2019 6:31pm
hi, Hendzwoter,
attached is my last week trade, as you see, mediocre RR, (2.x). logic explained on chart, and i'm just curious if there's a way to improve my RR, but most probably my poor RR is due to me being lazy and reckless......

i actually am not sure what your chart means. i am not even sure if you are trying to short or long.

i have similar suggestions like the members above, and please understand it is for your benefit. Might sound criticism, but criticism help us......

there are some specific things might help (after i saw many of your posts):
1. at least check next lower TF, to finetune the entry zone; better check next higher TF
2. use a nice software to draw/mark your chart
3. use a good monitor or zoom out as possible as you can so that you can see many more bars......

these at least help our communication on the forum.


Quoting hendzwoter
Hi charvo, If I take the opposite of QML as 1st TG. It will be 20R without spread. Or 10R if spread just wide. Or I still don't know what is TT. I guess TT is not about how far price move. Sorry to talk to old timer like I know something. Please forget this and teach me something. Actually when FXYogi and you come back here. I expect something...... I don't know I am just human..... {image}
Attached Image (click to enlarge)
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  • #5,019
  • Mar 17, 2019 10:31pm Mar 17, 2019 10:31pm
PA or TT make me confused.

Yeah, I will do my homework......
Thanks everyone.

See you next week.
RIP RTM
  • #5,020
  • Edited 7:21am Mar 18, 2019 1:54am | Edited 7:21am
Among others - another 25R. AUDJPY and AUDUSD same setups.

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XAUUSD, didn't have a pre-screenshot. 16-17R to LTF TG.
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The easiest key to freedom is scaling. If you have no nasty inner demon (like I do) stopping you from freedom, this path is easy.
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