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ReadtheMarket - Supply and Demand with Price Action

  • #5,901
  • Mar 6, 2020 5:10am Mar 6, 2020 5:10am
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  • #5,902
  • Mar 6, 2020 5:39am Mar 6, 2020 5:39am
Quoting hendzwoter
{quote} But IF said, we know where price will turn? So touch trade..... Even I still have no idea about it....
I'll leave TT to the experts, I'm very very far from that. I think one of the old guys also said TT comes with experience.
  • #5,903
  • Mar 6, 2020 8:22am Mar 6, 2020 8:22am
Quoting beefStew
Eurchf today, i screwed up 2 trades. {image} {image} {image}
How about this LS ?

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  • #5,904
  • Mar 6, 2020 8:33am Mar 6, 2020 8:33am
Quoting Tj1
{quote} How about this LS ? {image}
Quoting Tj1
{quote} How about this LS ? {image}
TJ,
After i posted this setup here, liquinvest also pointed out that same LS as the correct entry. I think the reason was it is the high created after price bounced off an H1 FL.

Maybe this is a problem of scaling that i havent really understood well.
Ask, and it is given. Every single time, no exceptions.
  • #5,905
  • Mar 6, 2020 9:05am Mar 6, 2020 9:05am
Apparently there is often a couple of trades to be taken every day. I didnt take any of them since days ago because im still doubtful.
Even when i did i always missed the entry by a few/fraction of pips.

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Ask, and it is given. Every single time, no exceptions.
  • #5,906
  • Mar 7, 2020 5:23am Mar 7, 2020 5:23am
Quoting beefStew
Apparently there is often a couple of trades to be taken every day. I didnt take any of them since days ago because im still doubtful. Even when i did i always missed the entry by a few/fraction of pips. {image} {image}

Do exersizes on scale.
  • #5,907
  • Mar 8, 2020 6:13am Mar 8, 2020 6:13am
Quoting Tj1
{quote} Do exersizes on scale.
Currently in progress man
Ask, and it is given. Every single time, no exceptions.
  • #5,908
  • Mar 8, 2020 10:16pm Mar 8, 2020 10:16pm
Hi everyone, almost every pair had sharp moves this morning. Is there any engulf down on higher scale that i missed here on audusd?
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Ask, and it is given. Every single time, no exceptions.
  • #5,909
  • Mar 9, 2020 3:46am Mar 9, 2020 3:46am
RIP RTM
  • #5,910
  • Mar 9, 2020 10:18pm Mar 9, 2020 10:18pm
The spread just wider. Why?
Or just my unregulated broker?

Usually just GU that has more than 2 pips spread...
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RIP RTM
  • #5,911
  • Mar 9, 2020 11:13pm Mar 9, 2020 11:13pm
Quoting hendzwoter
The spread just wider. Why? Or just my unregulated broker? Usually just GU that has more than 2 pips spread... {image}
My broker 10 pips - 20 pips eurusd spread is common sense during volatility... (brexit day)
Last week when sharp move against USD, EURNZD reach hundreds pips spread.
It's shameful broker ICM fake ecn

Anyone using same broker have the same situation?
  • #5,912
  • Mar 9, 2020 11:44pm Mar 9, 2020 11:44pm
Quoting MommaBear
{quote} My broker 10 pips - 20 pips eurusd spread is common sense during volatility... (brexit day) Last week when sharp move against USD, EURNZD reach hundreds pips spread. It's shameful broker ICM fake ecn Anyone using same broker have the same situation?
I have plan to join IC Markets.....
Cause they accept PayPal
RIP RTM
  • #5,913
  • Mar 9, 2020 11:58pm Mar 9, 2020 11:58pm
Quoting beefStew
Apparently there is often a couple of trades to be taken every day. I didnt take any of them since days ago because im still doubtful. Even when i did i always missed the entry by a few/fraction of pips. {image} {image}
Very nice, i learnt a lot from senior here
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  • #5,914
  • Mar 10, 2020 2:08am Mar 10, 2020 2:08am
Quoting MommaBear
{quote} Very nice, i learnt a lot from senior here {image}
Yep,
Yesterday I took a trade 5 times
3 wins
1 loss
1 miss (still learning where the entry is)

And it was on LTF.
Happy scalping.
RIP RTM
  • #5,915
  • Mar 10, 2020 3:01am Mar 10, 2020 3:01am
Hello everyone. I have been learning and trading forex for three to four years now. After all that time I have gone through ups and downs until when i found rtm stuff. I have learned from trades posted by different masters in here including ifmyante and selfcontrol and others. Now I think its time for me to focus and apply what I have learned in here. i will be posting my anaylsis and trades in here for sometime as a way of improving my focus and mindfulness in analysing all trades. I wont take a trade out of the ones I will be posting here. I know I will have many losing trades on the way but I will be learning in the process. Have a great day everyone
  • #5,916
  • Mar 10, 2020 3:05am Mar 10, 2020 3:05am
Quoting MommaBear
{quote} Very nice, i learnt a lot from senior here {image}
dont study my charts as they might be misleading. im in learning phase, i am posting my charts so that maybe someone can point out my mistakes or help me understand something.
study those that have badges/diamonds on their username (except IF lol), and beware of them who act like they understand it.
Ask, and it is given. Every single time, no exceptions.
  • #5,917
  • Mar 10, 2020 3:07am Mar 10, 2020 3:07am
This EURAUD 1M Chart. I have to first investigate what the price is reacting to in point 1,2 and 3 to find out whether the target for longs has been reached
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  • #5,918
  • Mar 10, 2020 3:16am Mar 10, 2020 3:16am
At point 1 and 2 the price has reacted off nothing important hence that means the price want to go up. And the price at point 3 has engulfed the sell orders in a previous high meaning it wants to go higher
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  • #5,919
  • Mar 10, 2020 3:25am Mar 10, 2020 3:25am
Before concluding the engulf in point three I have to find out if the sell orders in point A has reached the target for shorts. Because there is no engulf north without the price reaching its target south. So now the next step is to look at where the price is coming from before making an engulf in point 3
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  • #5,920
  • Mar 10, 2020 3:33am Mar 10, 2020 3:33am
From here we know that the price hasnt reached the target for shorts hence in point three we had a FO and not an ENG.
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