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ReadtheMarket - Supply and Demand with Price Action

  • #5,441
  • Edited Oct 1, 2019 1:44am Sep 30, 2019 7:49pm | Edited Oct 1, 2019 1:44am
Quoting snf
{quote} 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.
Sure. Order Flow is to ITs as Supply and Demand is to Retail Traders. Order Flow is what the larger financial institutions use to analyze positions. Now of course, they use order flow books to see where everyone’s orders are. So essentially this is the underlying cause of “supply and demand.”

Now we as retail traders don’t have the same access to said tools like they do. There are some brokers that offer order books but that’s a needle in a haystack compared to the bigger picture. What that means is we have to train our eyes and learn how to read price to take advantage. The entries you see selfcontrol and myself take have such a violent reaction upon returning is because they’re the same levels as the big institutions. In other words, true order flow is specific price levels of orders. Those tiny zones reveal that.

As I’ve stated before the market is rigged. Although they leave footprints and clues to what they are doing which allows us to exploit them to the fullest. It’s literall the protocol over and over, Price Action.
  • #5,442
  • Sep 30, 2019 10:35pm Sep 30, 2019 10:35pm
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is my above marking correct? Princecharm?this is my understanding as of now...pls correct me if im wrong..thanks in advance
  • #5,443
  • Edited 11:04pm Sep 30, 2019 10:51pm | Edited 11:04pm
Don’t give up.
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  • #5,444
  • Oct 1, 2019 3:09am Oct 1, 2019 3:09am
Quoting PrinceCharm
Don’t give up. {image} {image}
How many pairs you see?
RIP RTM
  • #5,445
  • Oct 1, 2019 5:55am Oct 1, 2019 5:55am
Quoting PrinceCharm
{quote} Sure. Order Flow is to ITs as Supply and Demand is to Retail Traders. Order Flow is what the larger financial institutions use to analyze positions. Now of course, they use order flow books to see where everyone’s orders are. So essentially this is the underlying cause of “supply and demand.” Now we as retail traders don’t have the same access to said tools like they do. There are some brokers that offer order books but that’s a needle in a haystack compared to the bigger picture. What that means is we have to train our eyes and learn how...
Thanks for your explanation pc. I've seen you and others talk about the footprints and clues and I'm still trying to figure it out. Can you say in what format it shows up on the chart? Is it several wicks that line up on the M1, a tested SR level on a higher TF, or is it a combination of something. Can you give a clue about the clue please.
  • #5,446
  • Oct 1, 2019 7:16am Oct 1, 2019 7:16am
My slow brain
I forget I am poor too....
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RIP RTM
  • #5,447
  • Oct 1, 2019 9:22am Oct 1, 2019 9:22am
Quoting PrinceCharm
Don’t give up. {image} {image}
Hi again PC,

I hope I'm not bombarding you with too many questions.

I'm trying to figure out the steps to the trade.
Can you tell me if I got it right or not?

1. Find a strong decision level on the HTF (I found a DBR on the H4/D1)
2. Look for some sort of trick being played in that area when price revisited that area
3. Now here is where it gets tricky for me. I think when I drill down I should find the last decision to break down
4. Then decide on the entry point and setting the SL (here is where I am a bit lost) by finding the IT footprint


Did I make sense or am I totally off?
  • #5,448
  • Edited 1:36pm Oct 1, 2019 1:10pm | Edited 1:36pm
Quoting snf
{quote} Hi again PC, I hope I'm not bombarding you with too many questions. I'm trying to figure out the steps to the trade. Can you tell me if I got it right or not? 1. Find a strong decision level on the HTF (I found a DBR on the H4/D1) 2. Look for some sort of trick being played in that area when price revisited that area 3. Now here is where it gets tricky for me. I think when I drill down I should find the last decision to break down 4. Then decide on the entry point and setting the SL (here is where I am a bit lost) by finding the IT footprint...
You are on the right track. If you are able to firmly understand scales then that will also answer your question. You’re going to have to train your eyes to decipher the footprints on smaller scales. The lower you go in scales the more information is revealed. M1 was damn near created by the ITs, you’ll see orders there. You’re going to have to test your thesis in charts and log the reactions you get.

Didn’t have M1 data on my phone but you see the accuracy...
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  • #5,449
  • Oct 1, 2019 5:41pm Oct 1, 2019 5:41pm
Hi PC,can you guide me on my above post 5442?did i mark it correctly? or did i totally mark wrongly,anyone and you the comments i would greatly appreciate,thanks a lot..
  • #5,450
  • Edited 6:05pm Oct 1, 2019 5:51pm | Edited 6:05pm
Quoting PrinceCharm
{quote} You are on the right track. If you are able to firmly understand scales then that will also answer your question. You’re going to have to train your eyes to decipher the footprints on smaller scales. The lower you go in scales the more information is revealed. M1 was damn near created by the ITs, you’ll see orders there. You’re going to have to test your thesis in charts and log the reactions you get. Didn’t have M1 data on my phone but you see the accuracy... {image} {image}
Thanks for your response.

With respect to what scales are about, I am thinking that you can see different PA depending on what TF you look at. Is my understanding of this correct?

Based on what you've said, the more scenarios I look at in the M1, the faster I would be able to decipher what the footprint of the ITs is.

Regarding your trade on the H4 with USD CHF, you based it solely on the data presented in the H4 scale, so all your PA was taken from H4. Although now looking back at it, I'm thinking now that there's more trades to come in the future from higher supply levels.

I appreciate you taking the time to respond. Thanks again.
  • #5,451
  • Edited 10:08pm Oct 1, 2019 8:59pm | Edited 10:08pm
Quoting snf
Thanks for your response. With respect to what scales are about, I am thinking that you can see different PA depending on what TF you look at. Is my understanding of this correct? Based on what you've said, the more scenarios I look at in the M1, the faster I would be able to decipher what the footprint of the ITs is. Regarding your trade on the H4 with USD CHF, you based it solely on the data presented in the H4 scale, so all your PA was taken from H4. Although now looking back at it, I'm thinking now that there's more trades to come in the future...
PA is the same across every timeframe from Monthly all the way down to M1. However, the targets change depending on the scale you’re trading in so ultimately no difference in the scales. Although holding those trades to the next zone even after PA presents itself requires incredible patience. If you paid attention this is something selfcontrol has struggled with. The psychology of this industry is an animal. Now with that said the candles the scales are composed of differ as you zoom in. Order flow isn’t magical, it’s a very specific point in price. All of my price reads come from the HTF zones. This is a game of risk management.

The USDCHF trade was analyzed from Daily all the way down to M15 because I didn’t have the historical data from my broker.

Quoting Theodore8882
Hi PC,can you guide me on my above post 5442?did i mark it correctly? or did i totally mark wrongly,anyone and you the comments i would greatly appreciate,thanks a lot..
Theodore, it seems that your understanding is on the right track. Now test those theories and questions you have by letting the charts answer for you. You must understand what you’re doing, once you do the validation you seek or anyone else for that matter will subside over time.

Getting to this level of understanding has made me quite emotional. Simply because it’s life changing but more importantly I set this particular goal out for myself. I can’t tell you how many hours I’ve logged within the past month alone but it’s paying off. I do not claim to be an expert, just another currency analyst.
  • #5,452
  • Oct 1, 2019 9:31pm Oct 1, 2019 9:31pm
Quoting PrinceCharm
{quote} PA is the same across every timeframe from Monthly all the way down to M1.
You can even go down to the ticks, and PA will still be the same. Makes it obvious its all run by algorithms. Heres a recent example

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RIP RTM - long live Nonsense Trading
  • #5,453
  • Oct 1, 2019 9:59pm Oct 1, 2019 9:59pm
Quoting PrinceCharm
{quote} PA is the same across every timeframe from Monthly all the way down to M1. However, the targets change depending on the scale you’re trading in so ultimately no difference in the scales. Although holding those trades to the next zone even after PA presents itself requires incredible patience. If you paid attention this is something selfcontrol has struggled with. The psychology of this industry is an animal. Now with that said the candles the scales are composed of differ as you zoom in. Order flow isn’t magical, it’s a very specific point...
When you mentioned PA being the same across every timeframe, are you saying that each trade you take is sort of an inception scenario? Where if you see PA on a MN level, you then see the same PA repeated on the W1, H4, all the way down to the M1 as the final confirmation?

I would like to believe that I have the psychology of trading under control as I take trades that follow rules.

My struggle comes from not getting enough trading opportunities based on my rules, as many times the risk to reward just isn't enough to justify an entry. This is why I am trying my best to learn this new method of trading. I want to get better reward and also be certain of where price is going, not just scalping in momentum.



Thank you again for your advice.
  • #5,454
  • Oct 1, 2019 10:04pm Oct 1, 2019 10:04pm
Quoting ahdat
{quote} You can even go down to the ticks, and PA will still be the same. Makes it obvious its all run by algorithms. Heres a recent example {image} {image}
Thank you for that lovely 4 second chart ahdat. It truly shows that there is indeed order in the market.

I have accepted this fact some time ago after I began reading the earlier posts of ifmyanate. He is truly a genius of sorts to have figured this out. I am working towards finally figuring out the puzzle in its entirety so that I can achieve the freedom that I truly desire.
  • #5,455
  • Edited 10:31pm Oct 1, 2019 10:15pm | Edited 10:31pm
Quoting snf
{quote} When you mentioned PA being the same across every timeframe, are you saying that each trade you take is sort of an inception scenario? Where if you see PA on a MN level, you then see the same PA repeated on the W1, H4, all the way down to the M1 as the final confirmation?
Yes exactly, the purpose of going to M1 is seeing the order flow in its truest form. Additionally, you also really increase the RR tenfold. I used to be focused on the pips but that doesn’t equate to RR. However if your risk management is in check then obviously the more pips the better. At least 1:10R will be a thing of the past once you’re able to digest the information.
  • #5,456
  • Oct 1, 2019 10:27pm Oct 1, 2019 10:27pm
Quoting PrinceCharm
{quote} Yes exactly, the purpose of going to M1 is seeing the order flow in its truest form. Additionally, you also really increase the RR tenfold. I used to be focused on the pips but that doesn’t equate to RR. However if your risk management is in check then invisibly the more pips the better. At least 1:10R will be a thing of the past once you’re able to digest the information.
Very interesting. I never thought that it would actually boil down to a repetition of the exact PA in every timeframe. I need to look at charts now and see this happen for myself.

I still am not quite sure how to read the order flow from the charts. I can see what supply and demand is there. Supply moving price down and demand moving price up, but is there more to it than that?

My dream at this point is to get those 1:10R trades under my belt. Anything higher will be icing on the cake for me.
  • #5,457
  • Oct 1, 2019 10:42pm Oct 1, 2019 10:42pm
Quoting snf
{quote} Very interesting. I never thought that it would actually boil down to a repetition of the exact PA in every timeframe. I need to look at charts now and see this happen for myself. I still am not quite sure how to read the order flow from the charts. I can see what supply and demand is there. Supply moving price down and demand moving price up, but is there more to it than that? My dream at this point is to get those 1:10R trades under my belt. Anything higher will be icing on the cake for me.
It’s that simple don’t over complicate it. I’ve been repeating myself as well as selfcontrol over and over again. Order Flow is what truly moves price, not supply and demand as retail traders believe it to be. Furthermore, when all of this makes sense then learning how to compound will really blow your mind. I’m not talking about risk 1-5% per trade but 20-30% in such a way that you don’t actually hurt your capital. I’ve compiled a plan that allows one to obtain $1M in less than 40 trades. In reality it’d be much fewer than 40 with this style of trading. It’s all a numbers game essentially. I don’t say this to brag but to acknowledge the possibilities.
  • #5,458
  • Oct 1, 2019 10:49pm Oct 1, 2019 10:49pm
Quoting PrinceCharm
{quote} It’s that simple don’t over complicate it. I’ve been repeating myself as well as selfcontrol over and over again. Order Flow is what truly moves price, not supply and demand as retail traders believe it to be. Furthermore, when all of this makes sense then learning how to compound will really blow your mind. I’m not talking about risk 1-5% per trade but 20-30% in such a way that you don’t actually hurt your capital. I’ve compiled a plan that allows one to obtain $1M in less than 40 trades. In reality it’d be much fewer than 40 with this...
There is no doubt in my mind that it is extremely simple. I understand compounding really well. My last hurdle now is solving the puzzle of finding the signals and fully understanding order flow in the market, which would allow me to those very small SLs and large TPs.

Thank you so much for taking the time to answer my questions PC. I really do appreciate it. I really want to find the solution but I must retire to bed now as I need some sleep. The morning is fast approaching. I will try again tomorrow to decipher the signal of the ITs.
  • #5,459
  • Oct 1, 2019 11:23pm Oct 1, 2019 11:23pm
Quoting PrinceCharm
{quote} Theodore, it seems that your understanding is on the right track. Now test those theories and questions you have by letting the charts answer for you. You must understand what you’re doing, once you do the validation you seek or anyone else for that matter will subside over time. Getting to this level of understanding has made me quite emotional. Simply because it’s life changing but more importantly I set this particular goal out for myself. I can’t tell you how many hours I’ve logged within the past month alone but it’s paying off. I do...
thanks PC, i am just starting to see some things I have never experience before and the excitement filled me when i know I'm inchin more n more near to RTM ways..thanks alot your reply means alot to me. appreciate it alot. and will post more charts to let everyone see, thank you
  • #5,460
  • Oct 2, 2019 1:38am Oct 2, 2019 1:38am
AUDNZD Update.

Currently @ 1:40R 1200% gain...
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