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ReadtheMarket - Supply and Demand with Price Action
- #5,384
- Edited 10:39pm Aug 27, 2019 10:15pm | Edited 10:39pm
Some charts. Sharing is caring. Thank you for the comment PipPerfect. {image}{image} {image}{image}
i want to ask you, with your method in a nutshell, you always wait for an engulf, then look for zone for retracement, is that correct?
can you please show me where is the engulf of the EURUSD on your last post?
I kind of be able to mark engulfs correctly now, price will usually go to the right direction after the engulfs, but im still having trouble finding the area for price to retrace..
Here is an example:
if the blue rectangle engulfed, i notice that usually price will retrace and want to go to red rectangle. is this correct/make sense?
if you dont mind, please keep posting charts, they are very helpful!
im sorry if my question seems redundant to you, im just wanting to confirm directly if i am on the right path or not right now.
Thanks
Ask, and it is given. Every single time, no exceptions.
First time back to charts for real this week since before the summer. A few emotional mistakes (randomly closing trades) and a few mindless ones (not accounting for spread on my buys), but overall a better than expected return. NZDCAD SL is a bit off (0.6 pips) due to phone placement. Expect a more logical approach next week to weed out these errors.
Again sharing is caring. End goal is happiness for all, not wealth, remember that.
Again sharing is caring. End goal is happiness for all, not wealth, remember that.
- #5,398
- Edited 10:09am Sep 14, 2019 1:23am | Edited 10:09am
I am looking through charts to try and practice finding setups. If you would be so kind as to give me your comments.
I am trying to replicate what selfcontrol is doing. Hopefully you can also give me your feedback @selfcontrol. I would greatly appreciate.
Supply in blue and demand in red. I've used arrows to show entry and exit.
My first chart is a buy.
My second chart is a sell.
I am trying to replicate what selfcontrol is doing. Hopefully you can also give me your feedback @selfcontrol. I would greatly appreciate.
Supply in blue and demand in red. I've used arrows to show entry and exit.
My first chart is a buy.
My second chart is a sell.
Guys, these trades are awesome. I have been in RTM for a quite long time, But I have never taken such precise trades like selfcontrol or PrineCharm takes. I would like to ask you a little favor. How do you really drilldown to the precise reversal location? I know why you are taking that trade (i.e: key level.. this was well explained in the lite course..) but how do you drill down? Another thing? By "look for the order", Do you mean untouched MPLs?
But also given that I am not a part of RTM I'm not sure if this is the thread I should post in, but I think it is the one that fits the most. I am sure the RTM members would have some opinions on that statement.
The only way to trade like RTM does is join RTM and learn from them.I am looking through charts to try and practice finding setups. If you would be so kind as to give me your comments. I am trying to replicate what selfcontrol is doing. Hopefully you can also give me your feedback @selfcontrol. I would greatly appreciate. Supply in blue and demand in red. I've used arrows to show entry and exit. My first chart is a buy. {image} My second chart is a sell. {image}
And another thing to keep in mind is that trading is more than analysing, it's about being able to place your trades without self-sabotage (psychology), it's about being able to be consistent (motivation and drive), it's about being profitable (risk and money management). If either one is absent then it won't work - just look at me as a good example of that. So remember - it's about you and the market.
Best of luck to you all.