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ReadtheMarket - Supply and Demand with Price Action

  • #5,981
  • Apr 5, 2020 2:54am Apr 5, 2020 2:54am
hi guys,

some HTF quasimodo level oportunities in future... i will watch price here.. Approach compression or 3 drive. reaction QM on LTF

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  • #5,982
  • Apr 6, 2020 12:17am Apr 6, 2020 12:17am
Quoting shaheer
Plz comment {image}
I am just a learner here.
So what I can share to you is free resources that I learn from.

TripleWdotreadthemarketdotcomslashindexdotphp
RIP RTM
  • #5,983
  • Apr 6, 2020 6:34am Apr 6, 2020 6:34am
Thoughts?
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  • #5,984
  • Apr 6, 2020 7:03am Apr 6, 2020 7:03am
My trading skill is just...
Ahhh....
Don't know what to do man....
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RIP RTM
  • #5,985
  • Apr 6, 2020 9:37am Apr 6, 2020 9:37am
Quoting R78SD
Thoughts? {image}
It was a good buying setup
RIP RTM
  • #5,986
  • Apr 6, 2020 9:44am Apr 6, 2020 9:44am
Quoting TradingBoxEA
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here is short 2 minute video to get idea how trading box works...

https://www.youtube.com/watch?v=1F_TmtnSnLo
  • #5,987
  • Apr 6, 2020 10:15pm Apr 6, 2020 10:15pm
Quoting R78SD
Thoughts? {image}
is that a cfd? futures doesnt have eng down
RIP RTM - long live Nonsense Trading
  • #5,988
  • Apr 7, 2020 12:24am Apr 7, 2020 12:24am
Wonder if true supply or demand that works and already consumed still worth for a touch at least bounce a little....
RIP RTM
  • #5,989
  • Apr 7, 2020 3:29am Apr 7, 2020 3:29am
Quoting ahdat
{quote} is that a cfd? futures doesnt have eng down
engulfs happen on all instruments. No "trend" change without the engulf
  • #5,990
  • Apr 7, 2020 3:34am Apr 7, 2020 3:34am
I am watching these boxes
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  • #5,991
  • Apr 7, 2020 4:25am Apr 7, 2020 4:25am
Quoting R78SD
{quote} engulfs happen on all instruments. No "trend" change without the engulf
huh? im saying theres a data discrepency, spx futures doesn't break lower
RIP RTM - long live Nonsense Trading
  • #5,992
  • Apr 7, 2020 4:47am Apr 7, 2020 4:47am
Quoting ahdat
{quote} huh? im saying theres a data discrepency, spx futures doesn't break lower
Ah ok. Sorry bout that
  • #5,993
  • Apr 7, 2020 5:18am Apr 7, 2020 5:18am
Yeay.
Finally.
RIP RTM
  • #5,994
  • Apr 7, 2020 5:27am Apr 7, 2020 5:27am
Quoting R78SD
{quote} Ah ok. Sorry bout that
np. i recently switched to futures and noticed a few pretty important discrepancies with cfd's already. I assume futures takes lead for indexes, pretty troublesome
RIP RTM - long live Nonsense Trading
  • #5,995
  • Apr 7, 2020 6:10am Apr 7, 2020 6:10am
Quoting ahdat
{quote} np. i recently switched to futures and noticed a few pretty important discrepancies with cfd's already. I assume futures takes lead for indexes, pretty troublesome
Agree, I saw that futures lead currencies.
  • #5,996
  • Apr 11, 2020 1:59pm Apr 11, 2020 1:59pm
Quoting fx-slaver
here is my equity curve.... {image} i will try to BUY here USDCAD {image}
Your profit factor is really something
RIP RTM
  • #5,997
  • Apr 12, 2020 5:22am Apr 12, 2020 5:22am
Quoting fx-slaver
here is my equity curve.... {image} i will try to BUY here USDCAD {image}
Again you are here with new name ha ha ha
Don't Predict Just React..
  • #5,998
  • Apr 12, 2020 6:02am Apr 12, 2020 6:02am
@fx-slaver

Am I right in thinking that your buy zone is at the kink of where this significant level was broken upwards?

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Call me FT if it's easier. Still demo trading.
  • #5,999
  • Apr 12, 2020 8:36am Apr 12, 2020 8:36am
Quoting beefStew
I have a question if anybody can give some advice here.. So there was an engulf below on GBPJPY, i thought the engulf came from green FL, and its origin has been reached. I thought then price would go to LSK below that green FL origin before coming down again and hit tg. But apparently price went up further and i definitely got the FL from the wrong scale. Now there is 2 more possible FL which price came from (yellow and white). How do i avoid picking the wrong scale again? {image}
In this case I would look at the obvious supply level where you were expecting to sell from and think that this is a great place for the ITs to find liquidity just above (taking the stop losses of people thinking the same as you). So if we have a possible selling zone directly above a nice, obvious high like that (which will line up with another high to the left, more or less) then that is a BSZ. The stops are taken, and we use the next zone up to sell from. That's how I understand it anyway, though my experience is limited
Call me FT if it's easier. Still demo trading.
  • #6,000
  • Apr 12, 2020 8:52am Apr 12, 2020 8:52am
@BeefStew - I appreciate your posts. Good stuff.

In this case I don't see the same engulf that you did at the time, so maybe something is amiss and this explains why the sell trade did not pan out that time.

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Call me FT if it's easier. Still demo trading.
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