ReadtheMarket - Supply and Demand with Price Action | Page 313 | 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

  • #6,241
  • May 12, 2020 8:31pm May 12, 2020 8:31pm
Here's another AUDUSD chart illustration. Well, at least I provided a concise illustration... You know I could draw more subjective levels and say "Hey this is FL, MPL, BO, RT and et-cetera". But it's just endless decades of slaughtering~
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (9)_LI.jpg Size: 416 KB
  • #6,242
  • May 12, 2020 8:42pm May 12, 2020 8:42pm
Quoting thegrimreape
Instead of running a foul mouth around on ForexFactory, I loved being objective (Sorry Charlatans, I know you can't stand me just like how I can't stand you either). Being rationale, and logical is central to pinpointing facts. (I am reinstating that not many traders here liked listening to an old grandpa nagging truth from a fact standpoint. Well they loved the false promises so be it but > here is some chart illustration for you to break the icing of confusion that you once had. If you can read this through, this is key). {image}
my understanding
Attached Image(s) (click to enlarge)
Click to Enlarge Name: reap1.png Size: 77 KB
Click to Enlarge Name: reap2.png Size: 108 KB
if you can't explain it simply you don't understand it well enough
  • #6,243
  • May 12, 2020 8:49pm May 12, 2020 8:49pm
Quoting AhmedYahya
{quote} my understanding {image} {image}
Seems to me that we are on the same page then. The reasoning as to why the MPL isn't holding were due to the nature of cyclical waves. Breakout, retested (Fresh orders became filled orders), Breakout and ??? Price would then look for unfilled orders. The filled zone will be left vulnerable to be consume and that is where most retails stop loss are. Hope it helps =)
  • #6,244
  • May 12, 2020 9:14pm May 12, 2020 9:14pm
Quoting thegrimreape
{quote} Seems to me that we are on the same page then. The reasoning as to why the MPL isn't holding were due to the nature of cyclical waves. Breakout, retested (Fresh orders became filled orders), Breakout and ??? Price would then look for unfilled orders. The filled zone will be left vulnerable to be consume and that is where most retails stop loss are. Hope it helps =)
am i correct? this what i conceptually view MPL
Attached Image (click to enlarge)
Click to Enlarge Name: MPL.png Size: 17 KB
if you can't explain it simply you don't understand it well enough
  • #6,245
  • May 12, 2020 9:22pm May 12, 2020 9:22pm
Quoting AhmedYahya
{quote} am i correct? this what i conceptually view MPL {image}
Exactly, to simplify it the entire process goes like this;

Breakout > Engulfed > Retest > Breakout > Reversals (On the lookout for past S/D zones dependent on whether the concurrent setup is bullish or bearish)
  • #6,246
  • May 12, 2020 9:28pm May 12, 2020 9:28pm
Quoting thegrimreape
{quote} Exactly, to simplify it the entire process goes like this; Breakout > Engulfed > Retest > Breakout > Reversals (On the lookout for past S/D zones dependent on whether the concurrent setup is bullish or bearish)
Clear, concise.....simply beautiful
if you can't explain it simply you don't understand it well enough
  • #6,247
  • May 14, 2020 11:43am May 14, 2020 11:43am
ITS A WAITING GAME
Attached Image(s) (click to enlarge)
Click to Enlarge Name: WAITING.png Size: 76 KB
Click to Enlarge Name: 2.png Size: 68 KB
if you can't explain it simply you don't understand it well enough
  • #6,248
  • Edited 2:24pm May 14, 2020 12:32pm | Edited 2:24pm
Update of NU
gotta love this thing
Attached Image(s) (click to enlarge)
Click to Enlarge Name: WAITING2.png Size: 106 KB
Click to Enlarge Name: DDDDDDDDDD.png Size: 65 KB
if you can't explain it simply you don't understand it well enough
  • #6,249
  • May 14, 2020 3:17pm May 14, 2020 3:17pm
Quoting DragonChaser
Let's suppose price breaks a major resistance zone and where the break occurs i have identified the flag limit that is formed. What is the hidden code within this flag limit that indicates that when price returns to this flag limit, it will not break it but will bounce from it?

I would go mostly on the approach to the level. If it engulfs the opposing flag limit. There is a "promise" for reach the target of the engulf before reaching the level you are trading.

That is the principle of using this strategy many times and the reason why it is useful to analyze the approach of price rather than placing a limit order.
  • #6,250
  • May 14, 2020 3:22pm May 14, 2020 3:22pm
Quoting rocky1999
{quote} I would go mostly on the approach to the level. If it engulfs the opposing flag limit. There is a "promise" for reach the target of the engulf before reaching the level you are trading. That is the principle of using this strategy many times and the reason why it is useful to analyze the approach of price rather than placing a limit order.
hey there could you draq]w a scetch of what you just said?

Ahmed
if you can't explain it simply you don't understand it well enough
  • #6,251
  • May 14, 2020 10:22pm May 14, 2020 10:22pm
Updates on NZDUSD
Attached Image (click to enlarge)
Click to Enlarge Name: bandicam 2020-05-15 11-17-17-150.jpg Size: 155 KB
  • #6,252
  • May 14, 2020 10:35pm May 14, 2020 10:35pm
Monthly outlook. NZD seems robust, USD has fallen down the reign
Attached Image (click to enlarge)
Click to Enlarge Name: bandicam 2020-05-15 11-35-12-982.jpg Size: 259 KB
  • #6,253
  • May 14, 2020 10:44pm May 14, 2020 10:44pm
The big whales might as well push the swing traders stop into fruition and have their orders fully filled above it.
Attached Image (click to enlarge)
Click to Enlarge Name: bandicam 2020-05-15 11-43-45-142.jpg Size: 266 KB
  • #6,254
  • May 14, 2020 10:53pm May 14, 2020 10:53pm
Daily Analysis

Demand getting stronger, retails and institution are surging the orders into the market like a maniac. It's okay, they will be taken out into the slaughter house soon.
Attached Image (click to enlarge)
Click to Enlarge Name: bandicam 2020-05-15 11-52-21-328.jpg Size: 216 KB
  • #6,255
  • May 14, 2020 11:00pm May 14, 2020 11:00pm
Simple and straightforward. None of the charlatans here can show what they preach to the fullest potential. Most only know how to talk crap, talk bull, post random screenshot with zero explanation (Oh I can do that too, kid you not), follow by some sort of egoistic guru personality trying to scam others off. There is only one mentor, and it's Redsword.
Attached Image (click to enlarge)
Click to Enlarge Name: bandicam 2020-05-15 11-58-58-466.jpg Size: 232 KB
  • #6,256
  • May 15, 2020 4:44am May 15, 2020 4:44am
Quoting ahdat
{quote} Just saw your comment about dissecting. Heres how I started to get better at dissecting a flag or kink. 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....
Ever since Tj mentioned FOF (around this month or last month), I tried to look for Salivan's post, but haven't found any so far. Also, I also have no access to RTM anymore. Yes I think taking screenshots is a given for any serious trader (I think Mike Bellafiore said something like that and of course, IF). It was draining so I don't do as much as before, but it paid off as I compare to what IF and Fxyogi posted.

I've actually been analyzing multiple timeframes just as IF mentioned before. It used to be crazy and I overlooked things several times in the past that got me at the wrong direction (VERY frustrating), but less of those mistakes now. Currently, still trying to gain confidence in my ability to see price turn... I just realized how EU has been moving sideways for the most part of almost a whole day. I will work on narrowing my entries after I get this right. Thanks.
  • #6,257
  • May 15, 2020 4:46am May 15, 2020 4:46am
Quoting Tj1
{quote} Took me 2 full months with around 60 hours a week. FT + Salivan. Who better is subjective.
My lower back will die with the amount of time you guys are putting in a week.
  • #6,258
  • May 15, 2020 4:58am May 15, 2020 4:58am
Quoting AhmedYahya
ppl chilax please the world is screwed up as it is
I just got back and I realized Ahdat might not be back for a while or ever
  • #6,259
  • May 15, 2020 11:54am May 15, 2020 11:54am
Quoting Enlightenme
{quote} My lower back will die with the amount of time you guys are putting in a week.
mate, i just logged in to say i can relate to this LOL
Ask, and it is given. Every single time, no exceptions.
  • #6,260
  • May 15, 2020 9:17pm May 15, 2020 9:17pm
Quoting AhmedYahya
{quote} hey there could you draq]w a scetch of what you just said? Ahmed
This is what I mean, sorry for the bad sketch as I am not too experienced in Paint. haha.

Let me know if this makes sense! I would also try look for these in charts as it is not always as clear and price can have many areas that look like targets. You have to use discretion and look for PERFECT examples, bad examples, and everything in between.

It also something great to keep in mind when studying all PA.

Keep in mind that targets for most ITs will be in the LSK and Flag Limits, even if they are one pip away from the engulfing area.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 82 KB
3 traders viewing now