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ReadtheMarket - Supply and Demand with Price Action

  • #5,861
  • Feb 27, 2020 6:40am Feb 27, 2020 6:40am
Quoting beefStew
morning all, there is a usdchf trade i took late night, but it missed my target by 0.6 pips. {image} {image} {image}

Check the rectangle on the Ask price.
  • #5,862
  • Feb 27, 2020 6:43am Feb 27, 2020 6:43am
Quoting beefStew
Can anyone point out why price turned at the green Fl and not on the LSK? {image} {image}
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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  • #5,863
  • Feb 27, 2020 6:58am Feb 27, 2020 6:58am
Quoting Tj1
{quote} Benadil, for future reference, please include the TF and Symbol into charts to make easier to read.
OK mate I subscribed to you I like your analysis
  • #5,864
  • Feb 27, 2020 7:02am Feb 27, 2020 7:02am
Wow this thread.

If there is a chart that show a taken trade but already hit the first TG.....
It will be very good....

Will catch you up guys....
RIP RTM
  • #5,865
  • Feb 27, 2020 7:14am Feb 27, 2020 7:14am
Quoting beefStew
I got scared and placed my TP too early. {image} {image}
This trade.....
Cool.
Thanks everybody.
This brain has eaten.
RIP RTM
  • #5,866
  • Feb 27, 2020 7:21am Feb 27, 2020 7:21am
Quote
Check the rectangle on the Ask price.
What do you mean rectangle on ask price?

Quoting Tj1
{quote} {image} {image}
In this case they play the FL right? So i think my analysis was correct but they chose to play the FL.
Okay, cant get them all of course
EDIT: apparently there is a CP you marked there. Sorry the blue color was dark and i didnt really notice that.
Ask, and it is given. Every single time, no exceptions.
  • #5,867
  • Feb 27, 2020 7:21am Feb 27, 2020 7:21am
Quoting benadil
{quote} OK mate I subscribed to you I like your analysis
Thanks man
  • #5,868
  • Feb 27, 2020 7:23am Feb 27, 2020 7:23am
Quoting beefStew
{quote} In this case they play the FL right? So i think my analysis was correct but they chose to play the FL. Okay, cant get them all of course

FL and kink are also connected with CP in this case.
  • #5,869
  • Feb 27, 2020 7:24am Feb 27, 2020 7:24am
Quoting beefStew
{quote} What do you mean rectangle on ask price? {quote} In this case they play the FL right? So i think my analysis was correct but they chose to play the FL. Okay, cant get them all of course EDIT: apparently there is a CP you marked there. Sorry the blue color was dark and i didnt really notice that.
Open tick chart and draw the same rectangle on Ask and on bid. See the reaction of both, reaction of ask-bid cross.
  • #5,870
  • Feb 27, 2020 7:47am Feb 27, 2020 7:47am
Quoting Tj1
{quote} Open tick chart and draw the same rectangle on Ask and on bid. See the reaction of both, reaction of ask-bid cross.
MT4 doesnt have tick charts though. What platform do you use?
Ask, and it is given. Every single time, no exceptions.
  • #5,871
  • Feb 27, 2020 8:02am Feb 27, 2020 8:02am
Quoting beefStew
{quote} MT4 doesnt have tick charts though. What platform do you use?
cTrader and JForex have tick charts.
  • #5,872
  • Feb 27, 2020 11:49pm Feb 27, 2020 11:49pm
Quoting beefStew
{quote} MT4 doesnt have tick charts though. What platform do you use?
Man, please post the result here. So that we will see as well. Thanks.
  • #5,873
  • Feb 28, 2020 12:30am Feb 28, 2020 12:30am
Quoting Tj1
{quote} Man, please post the result here. So that we will see as well. Thanks.
i will, as soon as i get to my computer. been charting from phone lately.
Ask, and it is given. Every single time, no exceptions.
  • #5,874
  • Edited 5:36pm Feb 28, 2020 5:20pm | Edited 5:36pm
Quoting Tj1
{quote} Benadil, for future reference, please include the TF and Symbol into charts to make easier to read.
here is a reupload of the eurcad trade taken by beefstew, symbol and time frame included.

I also found an interesting indicator called drawing toolbox it allows to draw lines and rectangles visible in the current time frame and lower only, enjoy guys ,
credits goes to jagg, who developed this indi, here is the link https://www.forexfactory.com/showthread.php?t=907317 ,and find below the attached indi.
Attached Image(s) (click to enlarge)
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Attached File(s)
File Type: ex4 Drawing Toolbox.ex4   230 KB | 350 downloads
  • #5,875
  • Feb 28, 2020 7:44pm Feb 28, 2020 7:44pm
Quoting beefStew
Can anyone point out why price turned at the green Fl and not on the LSK? {image} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 472 KB
RIP RTM - long live Nonsense Trading
  • #5,876
  • Feb 29, 2020 1:24pm Feb 29, 2020 1:24pm
Can anyone tell me why it ddnt go up to that fake out zone
Attached Image (click to enlarge)
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  • #5,877
  • Feb 29, 2020 10:27pm Feb 29, 2020 10:27pm
Quoting benadil
{quote} here is a reupload of the eurcad trade taken by beefstew, symbol and time frame included. I also found an interesting indicator called drawing toolbox it allows to draw lines and rectangles visible in the current time frame and lower only, enjoy guys , credits goes to jagg, who developed this indi, here is the link https://www.forexfactory.com/showthread.php?t=907317 ,and find below the attached indi. {image} {image} {image} {image} {file}


Which one of these engulfed the FL to the left ?

Attached Image (click to enlarge)
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If it is the first one, then the opposite is your LS :

Attached Image (click to enlarge)
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If it is the last one, then the opposite is the LS :

Attached Image (click to enlarge)
Click to Enlarge Name: 18681F36-B22D-4B11-B09D-993DC28386FA.jpeg Size: 1.1 MB




Remember : there is only one LS I will trade from.
  • #5,878
  • Feb 29, 2020 10:30pm Feb 29, 2020 10:30pm
Forget dp, qm - all trash.
  • #5,879
  • Feb 29, 2020 10:34pm Feb 29, 2020 10:34pm
I want FOF to tell me.

FOF LS and proper FL.

Proper FL is FL relative to scale.
  • #5,880
  • Mar 1, 2020 6:15am Mar 1, 2020 6:15am
Quoting Tj1
{quote} Which one of these engulfed the FL to the left ? {image} If it is the first one, then the opposite is your LS : {image} If it is the last one, then the opposite is the LS : {image} Remember : there is only one LS I will trade from.
thank you tj1 here i marked my fl this very fl has two decision points where price can bounce from in the future and it did react to the first dp
a possible way to manage this trade after a reaction confirmation (diamond or qm setup or call it FO setup in general after an engulf to a free space) is to put 2 entries in those DPs (look at the pic even we should zoom to m1 to better see our decision kinks that tie with left shoulders) for the stop loss it shoud be below the lower limit of our FL.
Attached Image (click to enlarge)
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