ReadtheMarket - Supply and Demand with Price Action | Page 306 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Readthemarket (Ifmyante) - Is it legit stuff or not? 19 replies

Price Will Tell - Supply/Demand Price Action Trading 1,858 replies

Price Action + Demand & Supply Zone + Money Management 0 replies

Price movement as a function of Supply and Demand 43 replies

Suppy, Demand and Price Action 28 replies

Attachments: ReadtheMarket - Supply and Demand with Price Action
Exit Attachments

ReadtheMarket - Supply and Demand with Price Action

  • #6,101
  • Apr 22, 2020 8:46pm Apr 22, 2020 8:46pm
Hend brought up a point that i hadn't considered for newer traders. For those that haven't grasped Flag Limits yet, trading at just the LS/MPL levels might be a strategy that leads to quicker profitability. It becomes more of the standard numbers game of probability if you're just trading LS without understanding some of the other concepts, but certainly easier to grasp than flag limits. Its something i tried and didn't particularly like (trying to trade LS in a vacuum without understanding market structure), but it could be a style that works better for you to start off with.
RIP RTM - long live Nonsense Trading
  • #6,102
  • Apr 22, 2020 10:47pm Apr 22, 2020 10:47pm
Quoting ahdat
{quote} And actually they flipped your FO level into a long. This is the same ignored concept TJ was talking about {image}
hey ahdat.. thanks for your post... can we say the FL on the left that got broken up, have been tested many times and there are no more orders in there?
  • #6,103
  • Apr 22, 2020 11:10pm Apr 22, 2020 11:10pm
Quoting muzani
{quote} hey ahdat.. thanks for your post... can we say the FL on the left that got broken up, have been tested many times and there are no more orders in there?
i guess you can say that. Once a level has been hit once, i usually assume it wont hold on return unless there's a good reason for it
RIP RTM - long live Nonsense Trading
  • #6,104
  • Apr 22, 2020 11:17pm Apr 22, 2020 11:17pm
Quoting ahdat
{quote} i guess you can say that. Once a level has been hit once, i usually assume it wont hold on return unless there's a good reason for it
we can say that in hindsight.. but how do we know in real time?
  • #6,105
  • Apr 22, 2020 11:39pm Apr 22, 2020 11:39pm
Quoting muzani
{quote} we can say that in hindsight.. but how do we know in real time?
know what? if a level will hold again?
RIP RTM - long live Nonsense Trading
  • #6,106
  • Apr 23, 2020 1:35am Apr 23, 2020 1:35am
Quoting ahdat
{quote} Not specifically, but this bsz here makes a nice FO lvl. You can see it even goes beyond the zone you drew. Personally I don’t like trading news. I usually get in before it happens. If I can’t, I just wait for the the initial moves and try to get in after. The spread and slippage makes the risk too high. It looks cool but not really worth it practically for me.
I actually wasn't trading on the basis of news. It just so happened price made an ENG which, at that time, I was certain that it was an FO.
Thanks for clearing it out.

Ahdat, please post some of your trades for inspiration.
  • #6,107
  • Apr 23, 2020 2:18am Apr 23, 2020 2:18am
Quoting Enlightenme
{quote} I actually wasn't trading on the basis of news. It just so happened price made an ENG which, at that time, I was certain that it was an FO. Thanks for clearing it out. Ahdat, please post some of your trades for inspiration.
mm not sure if i really need to post much. there's so many great trades charts to learn from already. I struggle alot with holding trades to target, here's one i finally held through to tg to start the week.

Attached Image (click to enlarge)
Click to Enlarge Name: ESM20_FUT_CME.2020-04-23 07_16_30.941.png Size: 23 KB


But it usually look more like this

Attached Image (click to enlarge)
Click to Enlarge Name: ESM20_FUT_CME.2020-04-23 07_20_37.398.png Size: 19 KB


and sometimes i lose my focus and really should stop trading and do dumb things like this

Attached Image (click to enlarge)
Click to Enlarge Name: ESM20_FUT_CME.2020-04-23 07_22_05.349.png Size: 16 KB
RIP RTM - long live Nonsense Trading
  • #6,108
  • Apr 23, 2020 3:40am Apr 23, 2020 3:40am
Quoting ahdat
{quote} mm not sure if i really need to post much. there's so many great trades charts to learn from already. I struggle alot with holding trades to target, here's one i finally held through to tg to start the week. {image} But it usually look more like this {image} and sometimes i lose my focus and really should stop trading and do dumb things like this {image}
Thats true. Nonetheless, I might see things which I missed from other people's chart.

Even though your usual trades aren't as good as the first one you posted, you are seem to be a consistently profitable trader which majority of us aren't.
Thanks for sharing.
  • #6,109
  • Apr 23, 2020 3:57am Apr 23, 2020 3:57am
Quoting Enlightenme
{quote} Thats true. Nonetheless, I might see things which I missed from other people's chart. Even though your usual trades aren't as good as the first one you posted, you are seem to be a consistently profitable trader which majority of us aren't. Thanks for sharing.
not consistent but getting there. its all behavioral/psychological things. that last chart you see is the account killer. its easy to slip and just start doing dumb things without even realizing it.
RIP RTM - long live Nonsense Trading
  • #6,110
  • Apr 23, 2020 7:44am Apr 23, 2020 7:44am
Quoting ahdat
{quote} know what? if a level will hold again?
yes.. .and please post more chart brother... great work...
  • #6,111
  • Apr 23, 2020 7:52am Apr 23, 2020 7:52am
Quoting muzani
{quote} yes.. .and please post more chart brother... great work...
thnx. well, the easy answer is assume it wont hold and only trade fresh levels. It'll save you a lot of headache while you're learning. the hard answer is, you gotta look at the market structure/order flow and try to figure it out. Its something that'll make more sense if you decide to study those things.
RIP RTM - long live Nonsense Trading
  • #6,112
  • Apr 23, 2020 6:51pm Apr 23, 2020 6:51pm
Quoting ahdat
{quote} thnx. well, the easy answer is assume it wont hold and only trade fresh levels. It'll save you a lot of headache while you're learning. the hard answer is, you gotta look at the market structure/order flow and try to figure it out. Its something that'll make more sense if you decide to study those things.
good advice..

thanks mate. will do..
  • #6,113
  • Apr 23, 2020 8:47pm Apr 23, 2020 8:47pm
Quoting muzani
{quote} good advice.. thanks mate. will do..
Here's an example. The answer kinda depends on the situation, i dont have a generic way to explain it. Sometimes it does react on 2tb or 3tb or 4tb when i dont expect it to. Its hard to tell. The only thing we know with good probablity is that a fresh level will give at least a bounce

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 25 KB
RIP RTM - long live Nonsense Trading
  • #6,114
  • Edited 10:32pm Apr 23, 2020 9:56pm | Edited 10:32pm
So I've been thinking, I pretty consistently hear people seem unsure what RTM trading is. Personally, to me, it's a whole concept on how to read the market, that's really forever evolving as we learn more and algo's continue to change. Like literally every turn the market is about to make at its highest level, trading it up and down like a pinball (hence Read The Market). But you dont have to learn it all to be a profitable and successful trader. A lot of people just master or focus just on a few pieces. And even people that "master" something will still read the market in their own unique way, often with the same results as others. QM, LS, tricks, kinks, Flag Limits, Compression, etc... You dont have to learn it all, and you'll probably be more profitable just focusing on one to start off with. An obvious example here is Self Control, who only use a handful of concepts to create his own (very successful) way of trading. Then there's people like Sali who took RTM to the next level primarily just by focusing on Flag Limits. I think Hend was just excited to share when he discovered LS trading, but yea, saying LS trading is mostly what RTM trading is about is selling it short. As If said, take those concepts and cook up your own recipe for trading. There’s no right or wrong way to do it as long as it’s consisently profitable.

Credit goes to IF for taking it from what is was, to what it is today, and putting in the time to share it with everyone (well until it went academy only, heh. but a man's gotta eat).
RIP RTM - long live Nonsense Trading
  • #6,115
  • Apr 24, 2020 5:07am Apr 24, 2020 5:07am
Thanks, How long did it take you to learn this ,method?
  • #6,116
  • Apr 24, 2020 9:07am Apr 24, 2020 9:07am
Quoting ahdat
So I've been thinking, I pretty consistently hear people seem unsure what RTM trading is. Personally, to me, it's a whole concept on how to read the market, that's really forever evolving as we learn more and algo's continue to change. Like literally every turn the market is about to make at its highest level, trading it up and down like a pinball (hence Read The Market). But you dont have to learn it all to be a profitable and successful trader. A lot of people just master or focus just on a few pieces. And even people that "master" something will...
RTM, for me, is a potentially high probability high reward low risk trading accomplished through riding with the ITs who use traditional ways of trading to get their orders filled. Just sharing my thoughts.

And yes... without IF, Edge, Fxyogi, and many more, I wouldn't have know about this way of trading and progress to where I am today- not that its of significance haha closest idea I had to manipulations back then were pump and dump and level 2 manipulation.
  • #6,117
  • Apr 24, 2020 9:12am Apr 24, 2020 9:12am
Quoting IICplx
Thanks, How long did it take you to learn this ,method?
man its been like 5 years in terms of time, 3 years in terms of full time trading and studying. I was at a huge disadvantge though trading out of california. Was fighting timezones and bad brokers the whole time, cant imagine how much time i wasted with that. Still learning, although there's certainly less of it now. more putting into practice and not doing stupid things (im an inherently bad trader)
RIP RTM - long live Nonsense Trading
  • #6,118
  • Apr 24, 2020 9:13am Apr 24, 2020 9:13am
Quoting Enlightenme
{quote} RTM, for me, is a potentially high probability high reward low risk trading accomplished through riding with the ITs who use traditional ways of trading to get their orders filled. Just sharing my thoughts. And yes... without IF, Edge, Fxyogi, and many more, I wouldn't have know about this way of trading and progress to where I am today- not that its of significance haha closest idea I had to manipulations back then were pump and dump and level 2 manipulation.
yep that's a good view too.
RIP RTM - long live Nonsense Trading
  • #6,119
  • Apr 24, 2020 9:19am Apr 24, 2020 9:19am
Sometimes you KNOW whats going to happen. sometimes there are a few scenarios and you just take your chances. Got stopped the first time, didn't take the higher level, but eventually got in while its going down. You can also just use a wide zone any make your life easier

Attached Image (click to enlarge)
Click to Enlarge Name: ESM20_FUT_CME.2020-04-24 14_17_41.769.png Size: 42 KB
RIP RTM - long live Nonsense Trading
  • #6,120
  • Apr 24, 2020 9:21am Apr 24, 2020 9:21am
Quoting ahdat
So I've been thinking, I pretty consistently hear people seem unsure what RTM trading is. Personally, to me, it's a whole concept on how to read the market, that's really forever evolving as we learn more and algo's continue to change. Like literally every turn the market is about to make at its highest level, trading it up and down like a pinball (hence Read The Market). But you dont have to learn it all to be a profitable and successful trader. A lot of people just master or focus just on a few pieces. And even people that "master" something will...
Ahdat, what one or two elements do you usually focus on?
2 traders viewing now