ReadtheMarket - Supply and Demand with Price Action | Page 330 | 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

  • #6,581
  • Jul 23, 2020 5:28pm Jul 23, 2020 5:28pm
Quoting ahdat
Salivan and SC are notable for figuring out (quite ingeniously) that you can simply focus on applying order flow concepts with FL / FTR / engulf, which is a deviation from what RTM focuses on. As our favorite Hendawg liked to point out, RTM focuses initially on LS/tricks + reversals (i dont know how they teach the rest of the concepts in the academy). Which way is easier/better depends on you. LS / QMs are probably easier to understand starting off, FLs end up being more logical and powerful in my opinion (i initially skipped FL studying starting...

simply put... I give
Live it or leave it!
  • #6,582
  • Jul 24, 2020 3:11am Jul 24, 2020 3:11am
Trade only when you see an engulf
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot0.png Size: 132 KB
  • #6,583
  • Jul 24, 2020 5:29am Jul 24, 2020 5:29am
Wish I could trade the 1 min chart all day sitting in front of the PC
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot0.png Size: 161 KB
  • #6,584
  • Jul 24, 2020 5:37am Jul 24, 2020 5:37am
Quoting fdx
Trade only when you see an engulf {image}
Fdx if you don't mind I have some questions regarding your GJ sell trade. What bothers me is data difference between brokers. If I'm correct your dashed lines are FTRs lows ( 1st chart ). Then the blue rectangle ( 2nd chart ) is 1st eng. If these 2 assumptions are correct, then as you can see boxes are slightly shifted on our charts and if I understand it right ( eng box after box after box... ) the final kinks are different. Another thing is that you take whole candles as FTRs. On lower TFs however there are kinks inside, which if taken give different results again. Because these are not visible, should we ignore them? I remember that IF and Yogi stated that timeframe has nothing to do with PA. I already asked similar question in my previous post but noone answered: looking only at the data on my charts would you mark it different and would you still sell it there? Thanks
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot (14).png Size: 36 KB
Click to Enlarge Name: Screenshot (13).png Size: 49 KB
Click to Enlarge Name: Screenshot (15).png Size: 62 KB
Click to Enlarge Name: Screenshot (17).png Size: 56 KB
  • #6,585
  • Jul 24, 2020 6:48am Jul 24, 2020 6:48am
Quoting KingBruceLee
{quote} Fdx if you don't mind I have some questions regarding your GJ sell trade. What bothers me is data difference between brokers. If I'm correct your dashed lines are FTRs lows ( 1st chart ). Then the blue rectangle ( 2nd chart ) is 1st eng. If these 2 assumptions are correct, then as you can see boxes are slightly shifted on our charts and if I understand it right ( eng box after box after box... ) the final kinks are different. Another thing is that you take whole candles as FTRs. On lower TFs however there are kinks inside, which if taken...
Great!. seems you are studying them thoroughly.
Will you agree with my box, if you were using MT4? I am specifically asking this, because It doesn't have Tick data history. If you don't agree with my box drawing(Please dont take this offensive ), please draw your boxes, without drilling down to tick data. Then I can explain my drawing. Ifmyante once said that if you cant find the kink inside a candle go to LTF. If it is 1 minute chart, then mark the whole candle as the kink. Thats why I marked the whole candle. I don't have tick data. If MT4 had tickdata, then the story would be much different
  • #6,586
  • Jul 24, 2020 7:50am Jul 24, 2020 7:50am
I am loving this
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot0.png Size: 160 KB
  • #6,587
  • Jul 24, 2020 8:05am Jul 24, 2020 8:05am
Thanks fdx. I use dukas for studying as you can go way back in history and they got 1s chart. But as I mentioned data there is shifted slightly and my mt4 doesn't have m1 stored for older data.
I don't want to be a smartass ( and please dont take this offensive too ) but I think IF suggested that we should wait for eng of whole candle when we are not sure where inside this candle eng occured but it does not mean that the whole candle is FTR. Offcourse if "whole candle" works for you, then treat my thoughts as rubbish. In case of mt4, m1 only my logic would be like that:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (18).png Size: 39 KB
  • #6,588
  • Jul 24, 2020 9:15am Jul 24, 2020 9:15am
Quoting KingBruceLee
Thanks fdx. I use dukas for studying as you can go way back in history and they got 1s chart. But as I mentioned data there is shifted slightly and my mt4 doesn't have m1 stored for older data. I don't want to be a smartass ( and please dont take this offensive too ) but I think IF suggested that we should wait for eng of whole candle when we are not sure where inside this candle eng occured but it does not mean that the whole candle is FTR. Offcourse if "whole candle" works for you, then treat my thoughts as rubbish....
You are absolutely right. The actual kink can be any of those 3 kinks. Let me find you a sample where IF marks the whole candle as a kink. Showing something Ifmyante has done, is much better than showing something a follower has done. Now I am trying to see how I would have drawn these FLs, If I had tick data. Is Dukas free?
  • #6,589
  • Jul 24, 2020 9:33am Jul 24, 2020 9:33am
Quoting KingBruceLee
Thanks fdx. I use dukas for studying as you can go way back in history and they got 1s chart. But as I mentioned data there is shifted slightly and my mt4 doesn't have m1 stored for older data. I don't want to be a smartass ( and please dont take this offensive too ) but I think IF suggested that we should wait for eng of whole candle when we are not sure where inside this candle eng occured but it does not mean that the whole candle is FTR. Offcourse if "whole candle" works for you, then treat my thoughts as rubbish....
Sorry I couldnt find a chart, but I could find he said it in RTM forums. I am pasting it here. You can find it in google. Search "Ifmyante quotes"
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot0.png Size: 51 KB
  • #6,590
  • Jul 24, 2020 1:17pm Jul 24, 2020 1:17pm
Quoting fdx
{quote} Sorry I couldnt find a chart, but I could find he said it in RTM forums. I am pasting it here. You can find it in google. Search "Ifmyante quotes"{image}
Online charting is free https://www.dukascopy.com/swiss/english/marketwatch/charts/
This is what IF wrote:
"Even a weekly move can hinge on a FL invisible in the M1"
"Timeframe has nothing to do with PA - only the engulfs of FLs of greater and lesser importance"
and a chart:

Timeframe has nothing to do with PA - only the engulfs of FLs of greater and lesser importance
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (19).png Size: 370 KB
  • #6,591
  • Jul 24, 2020 1:50pm Jul 24, 2020 1:50pm
Quoting KingBruceLee
{quote} Online charting is free https://www.dukascopy.com/swiss/english/marketwatch/charts/ This is what IF wrote: "Even a weekly move can hinge on a FL invisible in the M1" "Timeframe has nothing to do with PA - only the engulfs of FLs of greater and lesser importance" and a chart: Timeframe has nothing to do with PA - only the engulfs of FLs of greater and lesser importance {image}
So, the whole candle has to be marked as a FL i that case yeah?
  • #6,592
  • Jul 24, 2020 2:16pm Jul 24, 2020 2:16pm
Quoting fdx
{quote} So, the whole candle has to be marked as a FL i that case yeah?
For knowing if we have engulf yes, but does it mean we should treat the whole candle as FL and on that assumption draw next boxes? I think not because that would be risky. At least this would be correct if TFs does not matter and only kinks ( even not visible ) are important. If I'm completely wrong don't hesitate to tell me.
  • #6,593
  • Jul 24, 2020 2:25pm Jul 24, 2020 2:25pm
Quoting KingBruceLee
{quote} For knowing if we have engulf yes, but does it mean we should treat the whole candle as FL and on that assumption draw next boxes? I think not because that would be risky. At least this would be correct if TFs does not matter and only kinks ( even not visible ) are important. If I'm completely wrong don't hesitate to tell me.
These software has not sense of scales. Thats why usually we refer to timeframes. What if we replace TFs with scales? Still would you think marking the whole candle s a FL is risky? I think as you can drill down further to lower TFs than 1 minute, this problem does not arise. But for MT4 user like me, have no other option but to take that risk
  • #6,594
  • Jul 25, 2020 9:35pm Jul 25, 2020 9:35pm
Quoting fdx
I am loving this {image}
Hi, fdx.

Thank you so much for letting us see your precious detailed charts.

I'm so grateful.

I have a question about how you chose if you drew a box.

(I'm not condemning. I'm just asking. I might be a little desperate...)

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot0 (3) copy.png Size: 129 KB
My hope has been almost completely shattered, but not completely yet
  • #6,595
  • Jul 26, 2020 2:15am Jul 26, 2020 2:15am
Try this out..
Available in mt4 and mt5
Attached Image (click to enlarge)
Click to Enlarge Name: trade-extractor-mt5-screen-1620.png Size: 47 KB
  • #6,596
  • Jul 26, 2020 4:50am Jul 26, 2020 4:50am
Quoting easygoing
{quote} Hi, fdx. Thank you so much for letting us see your precious detailed charts. I'm so grateful. I have a question about how you chose if you drew a box. (I'm not condemning. I'm just asking. I might be a little desperate...) {image}
You are absolutely correct. After the engulf, price retrace back to the source of engulf, then goes to the next FL in the direction of engulf. Once the price hit the next FL, you can mark the new FL like you did.

I have forgotten to draw the bigger rectangle. I should have drawn that and also the next big FL. So basically I have not drawn two FLs after engulfs.. Each of them has their own trades as well.. OMG.. so many trades in a single image.. may be I will upload a full image will all the trades in few hours..

Thanks for pointing out! Please feel free to ask anything. None of what I posted here is against RTM concepts. If you do think they are differed, please point me, then I will correct them. We should not alter the original concepts.
  • #6,597
  • Jul 26, 2020 5:23am Jul 26, 2020 5:23am
Quoting fdx
{quote} You are absolutely correct. After the engulf, price retrace back to the source of engulf, then goes to the next FL in the direction of engulf. Once the price hit the next FL, you can mark the new FL like you did. I have forgotten to draw the bigger rectangle. I should have drawn that and also the next big FL. So basically I have not drawn two FLs after engulfs.. Each of them has their own trades as well.. OMG.. so many trades in a single image.. may be I will upload a full image will all the trades in few hours.. Thanks for pointing out!...
Thank you, fdx. I was so lonely, fighting alone in this forex world. I was deceived a few times. I lost money, but I am totally responsible for what I decided to do. I did not know who to trust. That's why I analyzed charts alone, traded alone. This reply from you solved some of my long-held problems (especially your second and third sentence) because this thread is basically my only source of the RTM knowledge.

>so many trades in a single image

Yeah, that means there can be a lot of trading opportunities in just a single day. I came very near to losing hope, but I'll try some more.
My hope has been almost completely shattered, but not completely yet
  • #6,598
  • Jul 26, 2020 5:53am Jul 26, 2020 5:53am
Quoting easygoing
{quote} Thank you, fdx. I was so lonely, fighting alone in this forex world. I was deceived a few times. I lost money, but I am totally responsible for what I decided to do. I did not know who to trust. That's why I analyzed charts alone, traded alone. This reply from you solved some of my long-held problems (especially your second and third sentence) because this thread is basically my only source of the RTM knowledge. >so many trades in a single image Yeah, that means there can be a lot of trading opportunities in just a single day. I came very...
Don't loose hope. Save your money. Practise as much as you can.. invest a little.. Compound a lot.
Abou the chart below, I cannot clearly see the engulf, may be in tick chart you will see it
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot0.png Size: 184 KB
  • #6,599
  • Jul 26, 2020 10:07am Jul 26, 2020 10:07am
Quoting fdx
{quote} Don't loose hope. Save your money. Practise as much as you can.. invest a little.. Compound a lot. Abou the chart below, I cannot clearly see the engulf, may be in tick chart you will see it{image}
When do we draw kinks inside bigger kinks and when do we ignore them? Lower TF we dig and mark eng after eng after eng etc. closer the final kink will be to the lvl we started drawing from.
Same chart with different final boxes. Is this "the scale" and may both be correct?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot (21).png Size: 160 KB
Click to Enlarge Name: Screenshot (22).png Size: 159 KB
  • #6,600
  • Jul 26, 2020 11:35am Jul 26, 2020 11:35am
Quoting KingBruceLee
{quote} When do we draw kinks inside bigger kinks and when do we ignore them? Lower TF we dig and mark eng after eng after eng etc. closer the final kink will be to the lvl we started drawing from. Same chart with different final boxes. Is this "the scale" and may both be correct? {image} {image}
KingBruceLee, I think if you mark all the FLs, you will answer to your own question..in the first image, you have marked the first FL, but it becomes a FL, only after it hit the next UFL. So where is the next FL? I think as you mentioned, it is about scale. If a high, low a FL is visible in a given TF/Scale, it belongs to that scale.
For example say, the third FL, why do you think it is important? If you think it belongs to the current scale, why not other levels have been taken to consideration? Thats how I ask myself, when I have the scale confusion.
I think marking LTF FLs inside a HTF FL is not that different from how we draw FLs in any TF. You go to a lower TF, find levels, find breaks of them mark the FLs.. thats how I do it.. may be others have different opinions
8 traders viewing now