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ReadtheMarket - Supply and Demand with Price Action

  • #5,061
  • Mar 21, 2019 5:29pm Mar 21, 2019 5:29pm
Quoting MTL Trader
{quote} Exactly! you wait for the engulf and you buy back the kink or sell the kink here's an awesome trade that i missed on USDCAD that shows brilliantly the decision to break in {image}
So, do you mean the order still remain even the price create a completed PA below?

Really curious when there is no target should be achieved. Will price respect the order?
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RIP RTM
  • #5,062
  • Mar 22, 2019 12:38am Mar 22, 2019 12:38am
Quoting Danger-Mouse
There's some great discussion on here from selfcontrol and everyone else. I'm trying to get to grips with the concepts and I've come across a common situation that's confusing me. Early on in the thread there's a lot of charts showing overlapping FL's...one hold's price down, then another takes it out and forms a new FL to hold price up. This makes sense to my brain...a kind of swapping of orderflow. Then along comes the LS kink !! And what I find is that it's not always aligned with an FL. In the diagram below, as price comes down to the RED FL...
example of one with things lining up.

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RIP RTM - long live Nonsense Trading
  • #5,063
  • Mar 22, 2019 1:55am Mar 22, 2019 1:55am
Quoting ahdat
{quote} example of one with things lining up. {image}
Nice, shorted the exact same ahdat. Yep there was a lot lining up on that one.

Closed half for break even as trying to get a risk free run to that bottom bull flag on the hourly.
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  • #5,064
  • Mar 22, 2019 2:03am Mar 22, 2019 2:03am
Quoting TraderNZ
{quote} Nice, shorted the exact same ahdat. Yep there was a lot lining up on that one. Closed half for break even as trying to get a risk free run to that bottom bull flag on the hourly. {image}
niceee. i tried to be a hero and ended up getting stopped out lol.
RIP RTM - long live Nonsense Trading
  • #5,065
  • Mar 22, 2019 2:34am Mar 22, 2019 2:34am
Quoting TraderNZ
{quote} Nice, shorted the exact same ahdat. Yep there was a lot lining up on that one. Closed half for break even as trying to get a risk free run to that bottom bull flag on the hourly. {image}
interesting i saw a simlar gu trade as you, but didn't think to take it as far as you did

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RIP RTM - long live Nonsense Trading
  • #5,066
  • Mar 22, 2019 3:04am Mar 22, 2019 3:04am
Quoting charvo
so true, that's why i rarely refrain from telling truth/secrets (in my brain) since nowadays i understand this is exactly like soccer tennis or whatever sports, one has to exercise it thousands of times to get it... not by hearing it, lol {quote}
Definitely true charvo, practice makes perfect.

'Touch trade' example with target at the opposing FL.

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  • #5,067
  • Mar 22, 2019 10:22am Mar 22, 2019 10:22am
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  • #5,068
  • Mar 22, 2019 10:55am Mar 22, 2019 10:55am
Quoting MTL Trader
{quote} Exactly! you wait for the engulf and you buy back the kink or sell the kink here's an awesome trade that i missed on USDCAD that shows brilliantly the decision to break in {image}
This is GOLD! Thanks
  • #5,069
  • Mar 22, 2019 1:20pm Mar 22, 2019 1:20pm
Quoting Danger-Mouse
{quote} Yes, so I took MTL's response to me to mean that he basically expects the RED FL/FTR to be FO'd to the kink
Now ask yourself why that is, why would the ITs make what is basically a supply/demand/support/resistance, probably some EMA cross shit, fib retracement, basically any strategy that's been pushed out there, level/zone just above/below where their own orders are?
  • #5,070
  • Mar 22, 2019 9:32pm Mar 22, 2019 9:32pm
Quoting selfcontrol
This is my last chart with annotations. Hope it helps someone. Best of luck on your journeys, may we all reach the goals we aim at. {image}

Hi bro in your post i understand 1 and 2 ,3 entriess but with out any engulf or PA to engulf rectangele near to entry 2 how you took long at 4 . could you explain. thanks
  • #5,071
  • Edited Mar 23, 2019 1:22am Mar 22, 2019 9:58pm | Edited Mar 23, 2019 1:22am
Hi friends , Ifmyate said in one youtube video . PA is there only after engulf a zone if price is reacted to zone dont consider this as engulf , All time i saw price engulf a zone then it retrace to MPL . But from where price start to retrace also has a little kink in lower timeframe i place a diagram here pls seee .

1. important SR
2. little kink in LTF
3. ENgulf a important SR and turned at 2

so may i now consider this as a valid engulf or not??? . Because it engulf HTF flag and reacted to LTF flag . My answer for this is engulf in this TF so take trade in MPL .expert pls give your views

in same video if said when price engulf 1hr flag after retrace to MPL not expect it to hit next 1hr flag it may turn in lower timeframe flag . so set Target related to that . SO if we take a HTF scale we may expect price goes to our TG which is the next flag in HTF . But as per if words current price move ends in LTF flag what we do ??? now . experts pls give your views . Thanks

https://youtu.be/oLZFm2GhN-Y?list=PLdiVngB9Py8tzgfs3e5YQjwIXL7IWXVwn This is the video i saw
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  • #5,072
  • Mar 23, 2019 1:53am Mar 23, 2019 1:53am
Quoting yachusai
{quote} Hi bro in your post i understand 1 and 2 ,3 entriess but with out any engulf or PA to engulf rectangele near to entry 2 how you took long at 4 . could you explain. thanks
Hi, it says "touch trade" so that's what it is. It's the origin of the move that brought price up to the 2. touch trade. The 5. is the confirmed trade.
  • #5,073
  • Mar 23, 2019 7:21am Mar 23, 2019 7:21am
Quoting hendzwoter
I check many QM levels today. Many of them just already consumed.
Just picking random QLs is as accurate as picking a random supply/demand or support/resistance. You need to know where the QM was formed and if we have engulfed a FL in the direction of the QM.


Quoting hendzwoter
Hi everyone, Um... If we talk about touch trading... Can we say that this supply has sell order not just one but some sell order inside? Or I just walk on wrong path? {image}
I am asking this to try to help you - is this how you usually analyse? Just one box and not reading price to the left of it? Every move that happens in the market is dictated by the past, so start reading to the left. What did this high react to? Did it engulf something or did it respect something? What about the low on this chart, did that engulf something? Respect something? That's crucial information if you want to analyse anything in the scale you are referring to there. And you should really focus on confirmed PA before going into touch trades, because in all fairness they are not needed at all. Stop analysing on your phone and map out proper analyses on a computer where you can actually annotate.
  • #5,074
  • Mar 23, 2019 7:36am Mar 23, 2019 7:36am
Quoting selfcontrol
{quote} Hi, it says "touch trade" so that's what it is. It's the origin of the move that brought price up to the 2. touch trade. The 5. is the confirmed trade.
And... Maybe.. 5 is a good TG for short next week, and....
We'll see, price will tell, if I'm wrong
  • #5,075
  • Mar 23, 2019 7:55am Mar 23, 2019 7:55am
Quoting hendzwoter
{quote} Yeah, What I have to trade is this phone. Can't reply you with many words. Need much time to apply it. Really feel like look left and look left right at the same time. Hard for me. Back to my chart now. Thanks for response.
Hi hendzwoter, if you have some question, please answer it by yourself first.
If u cannot answer it yet, save that question for later.
And please dont just throw every question here
Do you think everybody can give u an answer that u need?
Or do u mean to pollute this thread?
Please dont...

There's no shortcut really, u need to do the homework
Finding FL,FTR,SR,SnD,QM, etc..etc...
U can download RTM sources from google, read it carefully

I'm sorry to say that.

Just... too many "Touch trade" question

And one last thing, I think it would be better if u go for a holiday
Leave the charts, just forget it for a while
Maybe it could help

All the best for you brother
Cheers ✌
  • #5,076
  • Mar 24, 2019 6:18am Mar 24, 2019 6:18am
Hi, all
so is this a PA (engulf down) that failed to work?
found this when reviewing trades...... seems worth discussing......
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  • #5,077
  • Mar 24, 2019 6:26am Mar 24, 2019 6:26am
Quoting Ltrader16
{quote}{image} {image}

LTrader16, do you consider LSK to equal to FL ?
  • #5,078
  • Mar 24, 2019 6:28am Mar 24, 2019 6:28am
Quoting charvo
Hi, all so is this a PA (engulf down) that failed to work? found this when reviewing trades...... seems worth discussing...... {image}
Charvo, what makes you think that the low that it broke is a FL ?
  • #5,079
  • Mar 24, 2019 6:30am Mar 24, 2019 6:30am
Quoting yachusai
so may i now consider this as a valid engulf or not??? {image}
Depends on what a green zone is.

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  • #5,080
  • Mar 24, 2019 7:35am Mar 24, 2019 7:35am
Quoting charvo
Hi, all so is this a PA (engulf down) that failed to work? found this when reviewing trades...... seems worth discussing...... {image}
In the lower tf it does look like a valid engulf to me. But in the HTF price was in a hurry to go higher with those 2 big poles; sometimes it can break rules to get there. Maybe there's something im not seeing but this could be one of the reasons why we never go all in on a trade.

Side note i'm not sure why you drew the zone the way you did. It could be tightened up quite a bit.
RIP RTM - long live Nonsense Trading
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