Disliked{quote} Are you RTMer? When IF want to leave this thread then you come... And your post... Have never ever able to give a shit to me... Fake person definitely.Ignored
RIP RTM - long live Nonsense Trading
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ReadtheMarket - Supply and Demand with Price Action
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{quote}You have more to share than what you initially you needed to. I like how you explain scales. IF or someone mentioned that a kink has several parts, and I have tried to observe how price reacted to those levels. However, for some unknown reason, the "doing" of the dissection (I would refer to it as extremely specific) of those levels you've mentioned (which you got from Salivan) has eluded in the past few years (I actually started out looking for m5 MPLs, but due to the disappointments I experienced everytime price broke those levels,...
1. Get Sali’s journal. Go through it. Try to deeply understand every post he makes. Ultimately try to create a document of your own that explains Sali’s method. You should be able to give your document to a beginner trader and they should have.l a descent grasp of the concepts. Any sections you can’t explain, means you need to study and practice that more
2. As you get an understanding, refine and test your ideas based on sali’s Trades. Every single trade. Don’t cheat or gloss over, it only hurts you. Apply his method. If you can figure it out now, study more then come back to it later.
I just studied it like I did any college course. In the end you should have every single one of his trades understood and dissected. Notes taken, printed out, in multiple timeframes through scale. It took me 2 full weeks and 100+ hours. At the end I didn’t master it, I just got enough of an understanding to apply it to real trading. I still haven’t master it. I learned a lot of good things, ended up with a mix of sali, if, self control. TJ is better than me w Sali’s method, his post might help if you decide to do this
edit: doing this was a game changer for me. It showed me how I should study, and more importantly, it got me trading profitably consistently for the next months. Ultimately I fell off the wagon and my profits got inconsistent again, but that’s my fault. Studying sali’s Journal like a dissertation finally got me in the right track
RIP RTM - long live Nonsense Trading
- #6,214
- Edited 2:55pm May 10, 2020 2:16pm | Edited 2:55pm
{quote} If you can’t find it, it doesn’t have to be sali’s stuff. Just pick someone you like that has a lot of material to study from. Could be IF’s, or Self Controls stuff on this forum. Point is to study/practice a lot, and correctly
I have been studying and learning a lot about reading price. I started with Sam Seiden and have been focused on RTM for the past year.
Any recommendations for studying and practicing correctly? I think I am well on the theory but on practice is where I am looking to improve greatly.
Any pointers you are comfortable with providing are greatly appreciated!
Cheers!
- #6,218
- Edited 3:45pm May 11, 2020 11:33am | Edited 3:45pm
- | Joined May 2020 | Status: Trader | 79 Posts
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...
hey ahdat, i have been going through your scaling post got some questions if you may on my chart posted
i truly believe that Scaling is of vital importance. God bless and stay safe
May we all be enlightened !!!
if you can't explain it simply you don't understand it well enough
