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ReadtheMarket - Supply and Demand with Price Action

  • #5,421
  • Sep 22, 2019 2:40am Sep 22, 2019 2:40am
Quoting snf
{quote} Thank you for taking the time to explain. I'm still trying to grasp all the concepts of price reading and I must say it is a lot to mentally digest. I'm still trying to accurately tie in the lower timeframe PA into the higher timeframe trades. Based on what you said above, is there always going to be PA on the M1 timeframe or will there be times where the PA only goes as low as say the M5 or the M15?
It took me 2 years to get to this level of understanding, it’s not a race so take your time. There are certain components one must understand firmly before reading price starts to become second nature. If that particular criteria isn’t met then reading PA is useless.

Think about what I said in the previous post and then think about your question. Once you truthfully understand scales you will see there is no difference. As selfcontrol stated, the only thing that makes it different is the label it has in the upper corner. Other than that’s just a scale. Smaller scales give you a more detailed footprint of price. If there’s PA on Monthly, you should be able to find it on M1.
  • #5,422
  • Sep 22, 2019 4:56am Sep 22, 2019 4:56am
Hey PC
thanks a lot for your description, what do you mean by reading PA. Are you mentioning the specific pattern?
Thank you
  • #5,423
  • Sep 22, 2019 5:12am Sep 22, 2019 5:12am
What do you all use to see past historical data...and also below the charts is correct or incorrect?pls kindly comments,thanks
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  • #5,424
  • Sep 22, 2019 9:18pm Sep 22, 2019 9:18pm
Quoting FXSparta
Hey PC thanks a lot for your description, what do you mean by reading PA. Are you mentioning the specific pattern? Thank you
Not necessarily a pattern because sometimes PA will look totally random if you’re not familiar with reading it. It’s a matter of training your eyes to acknowledge what price is doing.

Quoting Theodore8882
...and also below the charts is correct or incorrect?pls kindly comments,thanks
I won’t go into great detail but some of the FTRs that you have chosen are not true Supply and Demand zones. They are just reactions to the true zones. You must understand order flow otherwise you’d be taking positions at false zones. So focus on the clean orders after PA.
  • #5,425
  • Sep 22, 2019 9:32pm Sep 22, 2019 9:32pm
Quoting PrinceCharm
{quote} It took me 2 years to get to this level of understanding, it’s not a race so take your time. There are certain components one must understand firmly before reading price starts to become second nature. If that particular criteria isn’t met then reading PA is useless. Think about what I said in the previous post and then think about your question. Once you truthfully understand scales you will see there is no difference. As selfcontrol stated, the only thing that makes it different is the label it has in the upper corner. Other than that’s...
Thanks again for answering. This has made me realise that I may be doing something wrong. I will continue on this path and try to understand more and get those missing pieces into my knowledge base.
  • #5,426
  • Sep 23, 2019 12:54am Sep 23, 2019 12:54am
Hi Princecharm, thanks for letting me know but that is not my chart...when i put up my chart will let u verified it thanks for replying back.
  • #5,427
  • Sep 23, 2019 12:56am Sep 23, 2019 12:56am
oh another thing,which broker do you guys use for historical data n such...or where do u find quality historical data?pls kindly let me know thanks..
  • #5,428
  • Sep 24, 2019 7:32pm Sep 24, 2019 7:32pm
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  • #5,429
  • Sep 27, 2019 4:09am Sep 27, 2019 4:09am
[quote=PrinceCharm;12522144]{image}{image}[/quo
Great Entries Prince. Your entries and Selfcontrol's only inspire us to also figure this stuff out. Please keep posting when you can, helps to validate our levels. Selfcontrol posts about finding/figuring stuff ourselves is the best advise i can also give. Hopefully one day, we shall also confidently set our trades and leave the market to do its thing. someday someway we shall be great traders too...so lets get to work.
Much appreciation for traders who share their knowledge, Selfcontrol hope you get back and beat your inner demons...Great trader
  • #5,430
  • Sep 27, 2019 9:51am Sep 27, 2019 9:51am
Quoting fx2019
Great Entries Prince. Your entries and Selfcontrol's only inspire us to also figure this stuff out. Please keep posting when you can, helps to validate our levels. Selfcontrol posts about finding/figuring stuff ourselves is the best advise i can also give. Hopefully one day, we shall also confidently set our trades and leave the market to do its thing. someday someway we shall be great traders too...so lets get to work. Much appreciation for traders who share their knowledge, Selfcontrol hope you get back and beat your inner demons...Great trader
Thank you, I’m just doing what I can with what I have. It’s not easy mentally but stay consistent and anyone may prevail.
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  • #5,431
  • Sep 29, 2019 11:09am Sep 29, 2019 11:09am
Today, I get realized that what we have is FTR trade and touch trade.

And there is difference where the order is.
I guess it is just one thing setup.

So if we want to become a trader. Don't expect it to be just one thing.

To catch up thing in this is Quasimodo.

So if you see a Quasimodo and it works. Better you see on the left what it is from. So you will able to find the order.

I am still newbie here....
Don't subscribe me...
RIP RTM
  • #5,432
  • Sep 29, 2019 11:10am Sep 29, 2019 11:10am
Hi Enverkoca.
How do you do?
RIP RTM
  • #5,433
  • Edited Sep 30, 2019 1:18pm Sep 29, 2019 2:55pm | Edited Sep 30, 2019 1:18pm
I’m not sure if any of these charts are helping those out there in need. I’m itching to show you all the “magic” but you must think! For a better understanding, the following are fundamentals that one should know before any of this starts to make sense.


What is Supply and Demand?

What is Liquidity?

What is Manipulation?

What is Failure to Return (FTR)?

What is Price Action (Engulf)?

What is Origin of the Move?

What is played price action?

What is Order Flow?

What are Scales?


When you are able to thoroughly understand the aforementioned you will start to see everything entirely different. Those pieces form an amazing puzzle that we call Forex. It seems a bit abstract when you’re not used to reading price but rest assured figure out the basics and it will make sense.
  • #5,434
  • Sep 30, 2019 2:25am Sep 30, 2019 2:25am
Quoting PrinceCharm
I’m not sure if any of these charts are helping those out there in need. I’m itching to show you all the “magic” but you must think! For a better understanding, the following are fundamentals that one should know before any of this starts to make sense. What is Supply and Demand? What is Liquidity? What is Manipulation? What is Failure to Return (FTR)? What is Price Action (Engulf)? What is Origin of the Move? What is played price action? What is Order Flow? What are Scales? When you are able to thoroughly understand the aforementioned you will...
Thank you so much Princecharm for leaving breadcrumbs for us to follow.
definitely saving these questions for study.
your charts are helpful for those that already know what to look for. please feel free to post more if you have time
definitely not all users here reply to your posts, but im sure a lot of lurkers here enjoy studying your and selfcontrol's and the other's charts.

Cheers!
Ask, and it is given. Every single time, no exceptions.
  • #5,435
  • Sep 30, 2019 6:34am Sep 30, 2019 6:34am
Many thanks for all, guys.
  • #5,436
  • Sep 30, 2019 7:50am Sep 30, 2019 7:50am
Quoting beefStew
{quote} Thank you so much Princecharm for leaving breadcrumbs for us to follow. definitely saving these questions for study. your charts are helpful for those that already know what to look for. please feel free to post more if you have time definitely not all users here reply to your posts, but im sure a lot of lurkers here enjoy studying your and selfcontrol's and the other's charts. Cheers!
No problem at all I’m just trying to give back to the community in an efficient way of learning. Funny you mention that because I was one of many that silently observed for a while. I’ve been through countless charts asking myself “what the hell were they thinking?” Until I dug deeper and started understanding a lot more.

Also adequate rest is quite important and often overlooked. REM cycles are very necessary to retain the information, let alone process it properly. If you haven’t been seeing charts and candlesticks in the hypnagogic state of sleep then you haven’t been studying enough .

Seriously though, there is a pattern that ITs use over and over again to the point that it’s sickening. Not sure if it’s worth mentioning that when I refer to ITs I mean machines that use algorithms. This is a trillion dollar industry that can be exploited like anything else man made (human error).
  • #5,437
  • Edited 1:29pm Sep 30, 2019 9:00am | Edited 1:29pm
Quoting PrinceCharm
I’m not sure if any of these charts are helping those out there in need. I’m itching to show you all the “magic” but you must think! For a better understanding, the following are fundamentals that one should know before any of this starts to make sense. What is Supply and Demand? What is Liquidity? What is Manipulation? What is Failure to Return (FTR)? What is Price Action (Engulf)? What is Origin of the Move? What is played price action? What is Order Flow? What are Scales? When you are able to thoroughly understand the aforementioned you will...
Thanks for pointers pc. I've been studying your charts and selfcontrol's as well. Reading the accompanying notes that you guys have posted as well.
Can you point me to some good posts relating to order flow? I'm still not sure I totally grasp it in the granular level. I'm not sure if you would want to explain it yourself.
  • #5,438
  • Edited 10:02am Sep 30, 2019 9:39am | Edited 10:02am
Quoting PrinceCharm
I’m not sure if any of these charts are helping those out there in need. I’m itching to show you all the “magic” but you must think! For a better understanding, the following are fundamentals that one should know before any of this starts to make sense. What is Supply and Demand? What is Liquidity? What is Manipulation? What is Failure to Return (FTR)? What is Price Action (Engulf)? What is Origin of the Move? What is played price action? What is Order Flow? What are Scales? When you are able to thoroughly understand the aforementioned you will...

What is Supply and Demand? Balance area before Buyers/Sellers disagree on price to create an imbalace ie ss>dd =ss and dd>ss=dd

What is Liquidity? Availability of orders to match each other

What is Manipulation? Search for Liquidity to match big orders thru creating S/R and FTRs to Fakeout Stops

What is Failure to Return (FTR)? Kink normally DBD/RBR

What is Price Action (Engulf)? ?????????????The most confusing RTM term...some define as break of FTR, some FL and some Swing (Would appreciate if anyone clarifies this, how to differentiate Engulf & FO)

What is Origin of the Move? Extreme End of swing...Usually a Bullish/Bearish Engulfing of the scale/TF of swing

What is played price action?FTRs...not sure about FLs that are later FO'ed..Please clarify

What is Order Flow? The process of matching market orders to limit orders.Price moves when imbalance exists

What are Scales? Measurements of prices interms of swings/Tfs

Thats my understanding of the above terms, would love to know if i get the concept

Have been looking at charts for over 10 years but have not traded consistently. I have been following this thread for over a year but found it confusing with terms and different ways of reading price by different people. Yes prince Charm , i have dreamt about charts and yes it has affected me with some of my relationships. Am trying to tie the pieces together now but the problem iis the TRUE ENGULF....
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  • #5,439
  • Sep 30, 2019 10:38am Sep 30, 2019 10:38am
Quoting fx2019
{quote} What is Supply and Demand? Balance area before Buyers/Sellers disagree on price to create an imbalace ie ss>dd =ss and dd>ss=dd What is Liquidity? Availability of orders to match each other What is Manipulation? Search for Liquidity to match big orders thru creating S/R and FTRs to Fakeout Stops What is Failure to Return (FTR)? Kink normally DBD/RBR What is Price Action (Engulf)? ?????????????The most confusing RTM term...some define as break of FTR, some FL and some Swing (Would appreciate if anyone clarifies this, how to differentiate...
Please i have a QN...Anyone??
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  • #5,440
  • Sep 30, 2019 3:59pm Sep 30, 2019 3:59pm
Quoting PrinceCharm
{quote} No problem at all I’m just trying to give back to the community in an efficient way of learning. Funny you mention that because I was one of many that silently observed for a while. I’ve been through countless charts asking myself “what the hell were they thinking?” Until I dug deeper and started understanding a lot more. Also adequate rest is quite important and often overlooked. REM cycles are very necessary to retain the information, let alone process it properly. If you haven’t been seeing charts and candlesticks in the hypnagogic state...
Are you talking about red and green candles in my dreams?
Oh yes, i know that problem in the REM phase.
About you point of view, when you write "pattern" did you mean a candle pattern or a particular formation of candles or other?

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