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ReadtheMarket - Supply and Demand with Price Action

  • #5,281
  • May 22, 2019 6:12am May 22, 2019 6:12am
Quoting Uderfrykte
Don't be greedy {image}
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aka Liquinvest
  • #5,282
  • May 23, 2019 12:58am May 23, 2019 12:58am
Quoting Copis
{quote} {image}
Hi copis, could you please explain this a bit more in detail? i dont understand why the first lsk you drew is an lsk
  • #5,283
  • May 23, 2019 10:12pm May 23, 2019 10:12pm
Quoting Copis
{quote} {image}
Hi copis,
Could you delete your last post?
RIP RTM
  • #5,284
  • May 24, 2019 2:40am May 24, 2019 2:40am
Quoting hendzwoter
{quote} Hi copis, Could you delete your last post?
Why?
aka Liquinvest
  • #5,285
  • May 24, 2019 9:50am May 24, 2019 9:50am
hi guys, here are two easy trades taken today, SAS trades,

very small SL 5 pips and already taken 2.5 R on both,

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  • #5,286
  • May 24, 2019 5:23pm May 24, 2019 5:23pm
Quoting Copis
{quote} Why?
Cause it breaks my mind.
RIP RTM
  • #5,287
  • May 25, 2019 4:12am May 25, 2019 4:12am
Hello Everyone. My question is: Has IF posted in this thread all that is needed to learn and understand his strategy or do I have to go to his academy?

Regards.
  • #5,288
  • May 25, 2019 2:32pm May 25, 2019 2:32pm
Quoting Copis
{quote} thx for the charts next week new chances. im painting only on the first charts for beginners. {image} there you see an Trade from me after the RT {image}
Hi Copis, can I ask where you placed your SL on this? I mean, yes there was PA for price to go lower, but I don't know why it shouldn't retrace first to the MPL above.
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  • #5,289
  • May 25, 2019 3:08pm May 25, 2019 3:08pm
Quoting SuperErnie
{quote} Hi Copis, can I ask where you placed your SL on this? I mean, yes there was PA for price to go lower, but I don't know why it shouldn't retrace first to the MPL above. {image}
You are correct, It can of course retrace to the MPL, but what about the orders down there?.. They have to be consumed before price go to the MPL.
Mark all your SR flips, mark all your CP, Mark all your FLs, You will start to see the engulfs and possible trade opportunities. BTW I would have seen a different FL there..
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  • #5,290
  • May 25, 2019 3:46pm May 25, 2019 3:46pm
Quoting fdx
{quote} You are correct, It can of course retrace to the MPL, but what about the orders down there?.. They have to be consumed before price go to the MPL. Mark all your SR flips, mark all your CP, Mark all your FLs, You will start to see the engulfs and possible trade opportunities. BTW I would have seen a different FL there.. {image}
Of course, you are right about the FL.
This is the hardest part for me, identifying the MPL and the FL that will hold price on the relevant scale. But I guess this comes with practice.
  • #5,291
  • May 26, 2019 3:55am May 26, 2019 3:55am
Quoting SuperErnie
{quote} Of course, you are right about the FL. This is the hardest part for me, identifying the MPL and the FL that will hold price on the relevant scale. But I guess this comes with practice.
MPL is not hard. It is the QM level inside a FL..
  • #5,292
  • May 26, 2019 5:26am May 26, 2019 5:26am
Quoting fdx
{quote} MPL is not hard. It is the QM level inside a FL..
I wasn't precise on that, sorry. My issue is not so much finding the MPL inside a FL but rather finding the right FL that holds price down.
For example if I watch a little bit right to the last example: Price just went through the UFL without hesitation. So I guess is the UFL I have drawn is either completely wrong or it's just not important.
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  • #5,293
  • May 26, 2019 6:53am May 26, 2019 6:53am
Quoting SuperErnie
{quote} I wasn't precise on that, sorry. My issue is not so much finding the MPL inside a FL but rather finding the right FL that holds price down. For example if I watch a little bit right to the last example: Price just went through the UFL without hesitation. So I guess is the UFL I have drawn is either completely wrong or it's just not important. {image}
Ok. Got it.. you are correct on my SL placement. May I ask you why you marked that UFL? The FL you marked is a FL of a lower scale. It is a FL at the SR of the correct FL, which you have not marked in your chart. When a FL is engulfed and if price retraces up, then it again goes down, another FL is created. Keeping that in mind I think you can find the correct FL in the same Scale.
Edit: Sorry I am not near my PC so i cannot attach the drawn image. I will try to upload within few hours if someone else did not mark it for you
  • #5,294
  • May 26, 2019 12:56pm May 26, 2019 12:56pm
Quoting DragonChaser
Hello Everyone. My question is: Has IF posted in this thread all that is needed to learn and understand his strategy or do I have to go to his academy? Regards.
I don't know if my answer would answer your question, but let me try, i have known and try to learn RTM style since around september 2016 if i'm not mistaken since RTM websites is free. Which i'm devastated the day it is not anymore. fast forward today, my estimation of what i know (what i comfortably think i know) is around 60-70% of the whole picture. If you have the money then go for it, but if you dont but you are bright, determined, focus and have good discipline (which what i'm lack of) you will do better than me for sure. But i think you got the idea how much it takes doing this on your own. If you want to do it on your own, focus only on IF, FxYogi and Selfcontrol charts (sorry everyone else,it is my opinion only), which helps me a lot. And for the start put all your effort on flag and flag limit only. Scale of a trade and fakeouts are some of your biggest enemy. sorry for my bad english
  • #5,295
  • May 26, 2019 1:51pm May 26, 2019 1:51pm
Quoting Yob
{quote} I don't know if my answer would answer your question, but let me try, i have known and try to learn RTM style since around september 2016 if i'm not mistaken since RTM websites is free. Which i'm devastated the day it is not anymore. fast forward today, my estimation of what i know (what i comfortably think i know) is around 60-70% of the whole picture. If you have the money then go for it, but if you dont but you are bright, determined, focus and have good discipline (which what i'm lack of) you will do better than me for sure. But i think...
Also mertch’s posts in up and under pattern thread. He is also a student of IF.
  • #5,296
  • Edited 4:01pm May 26, 2019 3:15pm | Edited 4:01pm
Quoting fdx
{quote} Ok. Got it.. you are correct on my SL placement. May I ask you why you marked that UFL? The FL you marked is a FL of a lower scale. It is a FL at the SR of the correct FL, which you have not marked in your chart. When a FL is engulfed and if price retraces up, then it again goes down, another FL is created. Keeping that in mind I think you can find the correct FL in the same Scale. Edit: Sorry I am not near my PC so i cannot attach the drawn image. I will try to upload within few hours if someone else did not mark it for you
So, here is my next try. I hope i got this correct now. I've marked this on M15 now. The relevant FL is the big one.
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On M1 I can see, that price eventually turned at the kink of the SR. The MPL of the larger FL was at the top at the QM level.
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So, is this a valid trade setup? And if so, would anyone even wait at the place where price had turned and not wait for price to come to the MPL above?
  • #5,297
  • May 26, 2019 9:58pm May 26, 2019 9:58pm
Quoting SuperErnie
{quote} So, here is my next try. I hope i got this correct now. I've marked this on M15 now. The relevant FL is the big one.{image} On M1 I can see, that price eventually turned at the kink of the SR. The MPL of the larger FL was at the top at the QM level. {image} So, is this a valid trade setup? And if so, would anyone even wait at the place where price had turned and not wait for price to come to the MPL above?
IF has mentioned that he had missed lots of possible trades while waiting for the price to go to the MPL. It is not guaranteed always. It is always about risk:reward IMO. You can split your position into parts and place them at MPL, SR of the FL.. etc. If price hits the MPL thats great. If not, dont worry. You dont loose. Still I loose a lot because of greediness.
BTW the big FL is the correct one you have marked there IMO. I would also like to hear others opinions
  • #5,298
  • May 27, 2019 1:42am May 27, 2019 1:42am
Quoting SuperErnie
{quote} Hi Copis, can I ask where you placed your SL on this? I mean, yes there was PA for price to go lower, but I don't know why it shouldn't retrace first to the MPL above. {image}
There is the place for SL
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aka Liquinvest
  • #5,299
  • May 27, 2019 2:29am May 27, 2019 2:29am
Thanks Yob and fdx for your reply. When saw the £19,000.00 price for IF's course, my eyes popped out of my head and refuse to go back in.
  • #5,300
  • May 27, 2019 7:22am May 27, 2019 7:22am
Quoting DragonChaser
Thanks Yob and fdx for your reply. When saw the £19,000.00 price for IF's course, my eyes popped out of my head and refuse to go back in.
Thats what happens when your services are in high demand
RIP RTM - long live Nonsense Trading
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