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ReadtheMarket - Supply and Demand with Price Action

  • #6,141
  • Edited 4:14pm Apr 26, 2020 4:00pm | Edited 4:14pm
Quoting Tj1
{quote} Hi Slurpee, You were there when rtm started in pie!!! It’s an honor to me to have your reply Will definitely study your chart, thanks

Yeah, I have been along for tooooo long I have decided to already solve this puzzle called market

EDIT: and there is not much to study on that chart, it was just playing with zones and reactions...
Live it or leave it!
  • #6,142
  • Apr 28, 2020 9:50am Apr 28, 2020 9:50am
How do we tell whether a Support or Resistance line is major or minor?
  • #6,143
  • Apr 28, 2020 1:16pm Apr 28, 2020 1:16pm
I tried looking up the data for IF's very first example on this thread. As the data appeared slightly different on my testing software, I have ended up re-imagining that scenario, using my current understanding of flag limits etc.

The first engulf on IFs chart didn't happen on my data, so I've used the second engulf as the signal to get ready to sell.

Attached Image (click to enlarge)
Click to Enlarge Name: IFexample1.png Size: 67 KB

Here is the engulf of a LFL, after which price makes a HH.

Attached Image (click to enlarge)
Click to Enlarge Name: IFexample2.png Size: 54 KB

To see why the HH occurred where it did, I looked at history and can see that its target was this level shown on the left. I think I should have drawn the target zone a bit wider, to explain why we drew the LFL that got engulfed (can't draw LFL until target above is hit after all).

Attached Image (click to enlarge)
Click to Enlarge Name: IFexample3.png Size: 45 KB

To explain why the lowest UFL on the chart was drawn we need to find the target that was hit. It looks to be this Pre-CP level below it. This Pre-CP level also explains why price reversed at this price some time later...see below.

Attached Image (click to enlarge)
Click to Enlarge Name: IFexample4.png Size: 64 KB

Here we see the price turning at the Pre-CP level later on.

I wonder if any of this makes sense!
Call me FT if it's easier. Still demo trading.
  • #6,144
  • Edited 5:53am Apr 29, 2020 5:07am | Edited 5:53am
Quoting DragonChaser
How do we tell whether a Support or Resistance line is major or minor?
I don't know what the reason you ask this question.

Commonly S/R from trend changing is major.
S/R from S/D is minor.

Quoting XXXXFactTree
I tried looking up the data for IF's very first example on this thread. As the data appeared slightly different on my testing software, I have ended up re-imagining that scenario, using my current understanding of flag limits etc. The first engulf on IFs chart didn't happen on my data, so I've used the second engulf as the signal to get ready to sell. {image} Here is the engulf of a LFL, after which price makes a HH. {image} To see why the HH occurred where it did, I looked at history and can see that its target was this level shown on the left....
Hope you will stay on RTM methodology even no one help you.

By the way, Tj1's trade is on H1 scale. But looks like I am wrong. Still learning yeah.
RIP RTM
  • #6,145
  • Apr 29, 2020 6:11am Apr 29, 2020 6:11am
Quoting hendzwoter
{quote} I don't know what the reason you ask this question. Commonly S/R from trend changing is major. S/R from S/D is minor. {quote} Hope you will stay on RTM methodology even no one help you. By the way, Tj1's trade is on H1 scale. But looks like I am wrong. Still learning yeah.
Thanks, hendzwoter. I plan to stick with it. I can analyse ok with hindsight, but my trading on tester software just seems crazy random lol.
Call me FT if it's easier. Still demo trading.
  • #6,146
  • Edited 7:04am Apr 29, 2020 6:39am | Edited 7:04am
Oddly a few people mentioned scale to me in the last week. I guess its a sign. Here's an attempt to explain. So conceptually scaling isn't very hard to understand. It makes logical sense. But people are confusing its difficulty with its execution. Basically everything you read in every scale has to be right. If something is off then the whole thing goes to hell and it'll be super frustrating, then you'll be like i dont understand scale. Well you probably do, but your reading was off. more study, more practice.

Edit: i just realized some of you might be talking about precise zones instead of the scaling im talking about here. different topic, and there are a few ways to look for them. ahhh one i dont really want to get into cuz its really hard and im not an expert either. But generally speaking if you just use what i talked about, and just enter at the ls/mpl/ftr/origin lvls then your zones will be pretty small relative to the higher tf ftg.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 47 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 65 KB
RIP RTM - long live Nonsense Trading
  • #6,147
  • Edited 11:31am Apr 29, 2020 10:53am | Edited 11:31am
Quoting ahdat
Oddly a few people mentioned scale to me in the last week. I guess its a sign. Here's an attempt to explain. So conceptually scaling isn't very hard to understand. It makes logical sense. But people are confusing its difficulty with its execution. Basically everything you read in every scale has to be right. If something is off then the whole thing goes to hell and it'll be super frustrating, then you'll be like i dont understand scale. Well you probably do, but your reading was off. more study, more practice. Edit: i just realized some of you might...
Now, you looked more RTM.
I really hate your chart that show engulf cap engulf cap.
Like no brain methodology.

Yeah Tj1's FOF....
I, myself not really believe it. Sorry if I am rude. But may be Tj1 know how make it always work.
But will give it a try.....
RIP RTM
  • #6,148
  • Apr 29, 2020 10:54am Apr 29, 2020 10:54am
Does anyone have all of IF Charts?
  • #6,149
  • Apr 29, 2020 10:56am Apr 29, 2020 10:56am
Taken from IF's Facebook.
Looks like not RTM....
Or this thread is getting old....
Attached Image (click to enlarge)
Click to Enlarge Name: 93670642_509646133064753_1022111609817923584_o.jpg Size: 62 KB
RIP RTM
  • #6,150
  • Apr 29, 2020 5:13pm Apr 29, 2020 5:13pm
It is RTM. It's a symmetry trade.. look back to 20 sep to 8 oct last year

Quoting hendzwoter
Taken from IF's Facebook. Looks like not RTM.... Or this thread is getting old.... {image}
  • #6,151
  • Apr 29, 2020 5:15pm Apr 29, 2020 5:15pm
Quoting ahdat
Oddly a few people mentioned scale to me in the last week. I guess its a sign. Here's an attempt to explain. So conceptually scaling isn't very hard to understand. It makes logical sense. But people are confusing its difficulty with its execution. Basically everything you read in every scale has to be right. If something is off then the whole thing goes to hell and it'll be super frustrating, then you'll be like i dont understand scale. Well you probably do, but your reading was off. more study, more practice. Edit: i just realized some of you might...
haha i'm one of those who asked.. thanks for the answer man.
  • #6,152
  • Apr 29, 2020 6:02pm Apr 29, 2020 6:02pm
Quoting hendzwoter
Taken from IF's Facebook. Looks like not RTM.... Or this thread is getting old.... {image}
how do you define RTM in your own words/ perspective?
  • #6,153
  • Apr 29, 2020 8:23pm Apr 29, 2020 8:23pm
Quoting hendzwoter
{quote} Now, you looked more RTM. I really hate your chart that show engulf cap engulf cap. Like no brain methodology. Yeah Tj1's FOF.... I, myself not really believe it. Sorry if I am rude. But may be Tj1 know how make it always work. But will give it a try.....
lol man i guess you didn't learn anything from our last conversation
RIP RTM - long live Nonsense Trading
  • #6,154
  • Apr 29, 2020 8:47pm Apr 29, 2020 8:47pm
Quoting hendzwoter
Taken from IF's Facebook. Looks like not RTM.... Or this thread is getting old.... {image}
I thought you have said your last goodbye on your previous posts
Ask, and it is given. Every single time, no exceptions.
  • #6,155
  • Apr 29, 2020 8:48pm Apr 29, 2020 8:48pm
Quoting Danger-Mouse
It is RTM. It's a symmetry trade.. look back to 20 sep to 8 oct last year {quote}
Will looking forward through it....

Quoting muzani
{quote} how do you define RTM in your own words/ perspective?
FL Engulf FTR + QM

Quoting ahdat
{quote} lol man i guess you didn't learn anything from our last conversation
Why I did not?

Quoting beefStew
{quote} I thought you have said your last goodbye on your previous posts
It is called "mbalek koceng" by the way.
I guess ahdat and beefstew is ignoring me....
But always get curious of my posts....
RIP RTM
  • #6,156
  • Apr 29, 2020 9:02pm Apr 29, 2020 9:02pm
Quoting hendzwoter
{quote} Will looking forward through it.... {quote} FL Engulf FTR + QM {quote} Why I did not? {quote} It is called "mbalek koceng" by the way. I guess ahdat and beefstew is ignoring me.... But always get curious of my posts....
Like a car accident. i dont want to look, but i can't help myself. I find your posts confusing but oddly entertaining. Its cool man, you keep doing you
RIP RTM - long live Nonsense Trading
  • #6,157
  • Apr 29, 2020 9:17pm Apr 29, 2020 9:17pm
Quoting ahdat
{quote} Like a car accident. i dont want to look, but i can't help myself. I find your posts confusing but oddly entertaining. Its cool man, you keep doing you
Yes my thing is so interesting.
RIP RTM
  • #6,158
  • Apr 29, 2020 9:30pm Apr 29, 2020 9:30pm
Quoting hendzwoter
{quote} Yes my thing is so interesting.
haha seriously, you have an interesting charisma. Although the condescension seems to be a recent development.
RIP RTM - long live Nonsense Trading
  • #6,159
  • Apr 29, 2020 9:44pm Apr 29, 2020 9:44pm
Quoting ahdat
{quote} haha seriously, you have an interesting charisma. Although the condescension seems to be a recent development.
Yeah,
Better we talk with chart then....
Talk about myself is not interesting anymore...
RIP RTM
  • #6,160
  • Apr 29, 2020 9:48pm Apr 29, 2020 9:48pm
i'll leave this non-rtm no brain methodology nugget for you

Attached Image (click to enlarge)
Click to Enlarge Name: ESM20_FUT_CME.2020-04-30 02_46_02.131.png Size: 15 KB
RIP RTM - long live Nonsense Trading
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