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ReadtheMarket - Supply and Demand with Price Action

  • #5,221
  • May 9, 2019 10:07pm May 9, 2019 10:07pm
Quoting selfcontrol
{quote} even though they still think any variation of this "method" is a scam.
Personally I think every method works, and every method doesn’t work. People will have an easier time when they find a method that fits their personality and mindset. At the end of the day, it just comes to staring at the charts for hours and hours and hours. There are tons of people making money on the market with 1000s of different methods, and everyone is looking at the same charts after all. The unfortunate truth is that the biggest factor in successful trading comes down to the individual. Some people just don’t ‘have it’, or they need more extensive experience and training than have available, which means they won’t ever be consistently profitable.
RIP RTM - long live Nonsense Trading
  • #5,222
  • May 10, 2019 9:45am May 10, 2019 9:45am
Quoting selfcontrol
{quote} If you go through the motions enough times you will be able to do the same, I promise you. There's no secret missing, I've told all there is to it already. As for the EU level I did not catch it, nor would I because the M1 info available in that area does not meet my requirements for a small enough SL and as a principle I stay away from tick charts since it's not natively supported in MT4 and the thought of using e.g cTrader makes me cringe. On another note: Before the 16R trade I only took 4 trades (since my last posted trade, been too...
Thank you once again, I'll keep putting in the work.
Congratulations on the gain too! It just shows how powerful this stuff is that you can lose multiple trades, hit a few winners and still be up 190% in a single month.
  • #5,223
  • May 10, 2019 3:49pm May 10, 2019 3:49pm
Quoting selfcontrol
A quick 16R. {image}
Great job, Selfcontrol!

One question... I had marked and placed my order on that MPL level and my order got missed by 4 pips or so. Then I looked again and saw that there are two FTR levels, which worked beautifuly, the proper one is 3 pips Do you prefer FTR over MPL to place an order..?

Thank you!
Attached Image(s) (click to enlarge)
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Live it or leave it!
  • #5,224
  • May 10, 2019 10:07pm May 10, 2019 10:07pm
Quoting ahdat
{quote} Personally I think every method works, and every method doesn’t work. People will have an easier time when they find a method that fits their personality and mindset. At the end of the day, it just comes to staring at the charts for hours and hours and hours. There are tons of people making money on the market with 1000s of different methods, and everyone is looking at the same charts after all. The unfortunate truth is that the biggest factor in successful trading comes down to the individual. Some people just don’t ‘have it’, or they need...
Can't argue you.
Remind me a person that just use Moving Average and win the trade and that time I don't know what to do even already years learning of forex. Caused by this methodology.

I guess I am one of the extended experience need guy.

Yes.

I know.
After 3 losing streak, I have no faith with it.

By the way may I know "What is the safest first target when the trade taken from Decision Point (Touch Trade)?

I really have no clue after all.....
RIP RTM
  • #5,225
  • May 10, 2019 10:19pm May 10, 2019 10:19pm
Quoting Slurpee
{quote} Great job, Selfcontrol! One question... I had marked and placed my order on that MPL level and my order got missed by 4 pips or so. Then I looked again and saw that there are two FTR levels, which worked beautifuly, the proper one is 3 pips Do you prefer FTR over MPL to place an order..? Thank you! {image} {image}
Sorry, I'm not selfcontrol.

What you mean by FTR over MPL means PA or confirmation.
Like Quasimodo, Diamond, and Can Can.

It's great.
RIP RTM
  • #5,226
  • May 11, 2019 3:09am May 11, 2019 3:09am
Quoting Slurpee
{quote} Great job, Selfcontrol! One question... I had marked and placed my order on that MPL level and my order got missed by 4 pips or so. Then I looked again and saw that there are two FTR levels, which worked beautifuly, the proper one is 3 pips Do you prefer FTR over MPL to place an order..? Thank you! {image} {image}
Thank you, Slurpee. I don't want to share any more than I have already shared, which is everything really, if you look closely enough. I place my orders where the orders are, not based on some specific level ("QML" or "MPL"). Sorry for being vague.
  • #5,227
  • May 11, 2019 6:46am May 11, 2019 6:46am
Hi selfcontrol,

I've read what you wrote in your last post, but I still have this puzzle of yours, which hasn't been solved yet. So I would highly appreciate it if you could help me out with this one. It goes back to a series of posts back in February:

Quoting selfcontrol
{quote} Hi Uderfrykte, I did not take this trade - I was only explaining why the QM setups shared by someone here were all ignored. If I were to take this trade my entry would be 141.012 and SL at 140.998 + spread. If you re-engineer this and understand why it should be very valuable. I always define entry and SL in M1 no matter the scale of the setup.
Attached Image (click to enlarge)
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So, i think it is this candle here, from a tiny FTR. All D above was already consumed.
But how could you be so sure that it was gonna bounce from this tiny D right there and make such a large move up? Couln't it have gone lower, for example to the next two demand zones, which i marked red in my chart?
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Thx for your reply
  • #5,228
  • May 11, 2019 7:55am May 11, 2019 7:55am
Quoting selfcontrol
{quote} Thank you, Slurpee. I don't want to share any more than I have already shared, which is everything really, if you look closely enough. I place my orders where the orders are, not based on some specific level ("QML" or "MPL"). Sorry for being vague.

OK, fair enough I will do my research...
Live it or leave it!
  • #5,229
  • May 11, 2019 9:36am May 11, 2019 9:36am
Quoting hendzwoter
{quote} Can't argue you. Remind me a person that just use Moving Average and win the trade and that time I don't know what to do even already years learning of forex. Caused by this methodology. I guess I am one of the extended experience need guy. Yes. I know. After 3 losing streak, I have no faith with it. By the way may I know "What is the safest first target when the trade taken from Decision Point (Touch Trade)? I really have no clue after all.....
Hey man, i've seen you post here for the last few weeks. Based on what ive seen, and I know you really dont want to do this, but you should go back to simulated (not even live paper trade) trading. Try to apply everything you've learned, do this for a month. Make sure you can get at least 50/100 successful trades before moving to paper trading. I think you need to work on things beyond price reading (which was the point of my original post). This really is the best advice i can give you. You've done this for a couple of years and still not getting it, you need to make a big change in the way you approach trading. good luck .
RIP RTM - long live Nonsense Trading
  • #5,230
  • May 11, 2019 10:50am May 11, 2019 10:50am
Quoting SuperErnie
Hi selfcontrol, I've read what you wrote in your last post, but I still have this puzzle of yours, which hasn't been solved yet. So I would highly appreciate it if you could help me out with this one. It goes back to a series of posts back in February: {quote} {image} So, i think it is this candle here, from a tiny FTR. All D above was already consumed. But how could you be so sure that it was gonna bounce from this tiny D right there and make such a large move up? Couln't it have gone lower, for example to the next two demand zones, which i marked...
I can't really help you there without saying it out loud, which I really don't want to do. The answer is there right in front of you, even in the chart you linked to there. A vague clue - figure out why there are orders in that FTR and not the ones you marked below and you will have a way to trade profitably. My heart's desire is to share it all, because I love teaching and it makes me feel good inside, but the reality is that I can't because of what will happen if I do.

I would love to be in a sharing "community" of like-minded traders, because trading does indeed get lonely and quite frankly fucking boring when you're alone, but the truth is it's a double-edged sword I'd rather not impale myself on. I just wholeheartedly hope you are all doing good in your trading and that you achieve your goals no matter how small or big they may be, because this society is a living hell when you're stuck in a meaningless job with meaningless pay. I also hope that once we all achieve what we set out to do, we give back to the people still stuck in the perfectly planned trap societal model.


Quoting ahdat
{quote} Personally I think every method works, and every method doesn’t work. People will have an easier time when they find a method that fits their personality and mindset. At the end of the day, it just comes to staring at the charts for hours and hours and hours. There are tons of people making money on the market with 1000s of different methods, and everyone is looking at the same charts after all. The unfortunate truth is that the biggest factor in successful trading comes down to the individual. Some people just don’t ‘have it’, or they need...
Definitely ahdat, everything is reliant upon yourself actually mastering what you are doing, but at the same time I have said many times that I could teach a monkey how to trade profitable and better than most humans, exactly because of the "self" actively sabotaging in many forms and ways.
  • #5,231
  • May 11, 2019 12:08pm May 11, 2019 12:08pm
Quoting selfcontrol
I can't really help you there without saying it out loud, which I really don't want to do. The answer is there right in front of you, even in the chart you linked to there. A vague clue - figure out why there are orders in that FTR and not the ones you marked below and you will have a way to trade profitably. My heart's desire is to share it all, because I love teaching and it makes me feel good inside, but the reality is that I can't because of what will happen if I do.
Thank you for your reply.
I know that it absolutely wouldn't be fair and right to insist on the "100% answer", since you have been investing thousands of hours to get to the point where you are now.

Quote
(...)because this society is a living hell when you're stuck in a meaningless job with meaningless pay. I also hope that once we all achieve what we set out to do, we give back to the people still stuck in the perfectly planned trap societal model.

Please understand that I feel just about the same as you in regards to that I am so sick and tired of doing the work that is only important for someone else.
This is the reason why I am grasping for every bit of help and hint to get to the point where I can decide for myself what is important. I understand that it takes thousands of hours to get to that point, but damn, they seem so endless from here.
So I am very grateful to you and everybody in here posting your charts, which help me nibble off a couple of hours of those thousands ahead thank you!
  • #5,232
  • May 11, 2019 10:21pm May 11, 2019 10:21pm
OG Mark Douglas talking about order flow and stop loss trading decades ago lol

https://www.youtube.com/watch?v=6i4xPdCQ-L8 ~30 min mark
RIP RTM - long live Nonsense Trading
  • #5,233
  • May 11, 2019 10:49pm May 11, 2019 10:49pm
Quoting selfcontrol
Definitely ahdat, everything is reliant upon yourself actually mastering what you are doing, but at the same time I have said many times that I could teach a monkey how to trade profitable and better than most humans, exactly because of the "self" actively sabotaging in many forms and ways.
Absolutely. Trading and price reading are completely different skills. Good traders with medicore price reading will perform much better than a great price reader thats a bad trader. i think this leads a lot of people to different rabbit holes of indicators and methodologies, when the problem is really within themselves. I'm guilty of this, and the stress of even small losses keeps sneaking back in to sabotage good runs. So I think its time try something I keep saying i'm going to do: trade with POs only and live and die by my HTF reads, with a complete willingness to blow the (smallish) account. Maybe i can trick my brain into thinking its really just a game lol
RIP RTM - long live Nonsense Trading
  • #5,234
  • May 11, 2019 11:48pm May 11, 2019 11:48pm
Quoting ahdat
{quote} Absolutely. Trading and price reading are completely different skills. Good traders with medicore price reading will perform much better than a great price reader thats a bad trader. i think this leads a lot of people to different rabbit holes of indicators and methodologies, when the problem is really within themselves. I'm guilty of this, and the stress of even small losses keeps sneaking back in to sabotage good runs. So I think its time try something I keep saying i'm going to do: trade with POs only and live and die by my HTF reads,...
You should definitely try that! I've said the same thing for a year now, but only lately I've begun actually placing trades and wow, what a different feeling that is, to get rewarded for your work instead of sitting there afterwards like "why... why are you doing this to yourself?"

A marriage between HTF reads and LTF entries will get you where you want to go!
  • #5,235
  • May 12, 2019 12:48am May 12, 2019 12:48am
Quoting selfcontrol
{quote} You should definitely try that! I've said the same thing for a year now, but only lately I've begun actually placing trades and wow, what a different feeling that is, to get rewarded for your work instead of sitting there afterwards like "why... why are you doing this to yourself?" A marriage between HTF reads and LTF entries will get you where you want to go!
haha you hit it right on the head. Had a trade last thurs that was suppose to be a HTF continuation trade to the next low, then lost my nerve watching the in ltf and closed it waaaaay too early. Skipped Friday then opened the chart today only to see it bounce right off my next zone. "why am i doing this to myself??" is right lol. Even if i'm wrong 50% of the time the R more than makes up for it. thanks man, analyzing your trades have inspired me to do this

Attached Image (click to enlarge)
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RIP RTM - long live Nonsense Trading
  • #5,236
  • May 12, 2019 11:30am May 12, 2019 11:30am
Hi guys, just want to share this clean textbook setup that occured, I tend to find great HTF setups on indices and other markets as well, only problem is the gaps and the spread sometimes,


HTF

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Perfect entry

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  • #5,237
  • May 12, 2019 12:07pm May 12, 2019 12:07pm
Quoting pecknom
Hi guys, just want to share this clean textbook setup that occured, I tend to find great HTF setups on indices and other markets as well, only problem is the gaps and the spread sometimes, HTF {image} Perfect entry {image}
This looks really nice and clean.

Now, do you look into those indices just for fun or do you have to look into more currencies/instruments because you can't find enough clean setups on just the major ones?
  • #5,238
  • May 12, 2019 1:23pm May 12, 2019 1:23pm
all i do is before starting the week, i will choose any instrument that provides good and clean setups on HTF, then I will wait for price to come to to my zone,
then wait again for PA, or TT if there was a signal before
  • #5,239
  • May 13, 2019 7:20am May 13, 2019 7:20am
I was wondering if anyone have found the ultimate way to keep track of all analyses? MT4 could've been so much better with a few tweaks, such as being able to move charts into separate folders, mark them as "Analysed" or whatever, even just moving charts from one profile to another would help immensely.

So share away if you have a good method!
  • #5,240
  • May 13, 2019 4:31pm May 13, 2019 4:31pm
Hi, selfcontrol

you probably won't be able to in MT4, it is quite limited in that respect

maybe you could try this (what i used before):
1. for each pair, you make a 2-window or 4-window (mtf) setup, then draw on the charts, do your analysis
2. save it as a profile like "EU-mtf", and do it for all 20~30 pairs, so that u have 20+ profiles
3. when trading, press F5 (shift F5) to jump from one profile to next profile, and your previous analysis should stay there
it is a bit clumsy, ...

or try ninja trader, or netdania
in ninja trader, they have workplace that you can save, and load later with your analysis.
this link shows the basic steps:
https://ninjatrader.com/support/helpGuides/nt7/?managing_workspaces.htm

netdania has similar thing but i've not really tried...


Quoting selfcontrol
I was wondering if anyone have found the ultimate way to keep track of all analyses? MT4 could've been so much better with a few tweaks, such as being able to move charts into separate folders, mark them as "Analysed" or whatever, even just moving charts from one profile to another would help immensely. So share away if you have a good method!
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