ReadtheMarket - Supply and Demand with Price Action | Page 331 | 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

  • #6,601
  • Jul 26, 2020 3:56pm Jul 26, 2020 3:56pm
only for info from Facebook
"If Myante 19. Juli um 22:17 · I've begun work on reopening RTM. Actually, I began weeks ago, but have been really slow. So, to speed me up, I'll announce an opening date. Well, close to a date. Sometime in September. Probably late September. I will want quite a few members there on the first day, so I'll give a one time webinar for the pre-bookers. Pre-booking will be available in a couple of weeks. RTM has proven itself to work, so other than the presentation, I won't be changing it much. Now, I've just lit a fire under myself, so I guess I'd better get to work "
aka Liquinvest
  • #6,602
  • Jul 26, 2020 5:06pm Jul 26, 2020 5:06pm
Quoting Copis
only for info from Facebook "If Myante 19. Juli um 22:17 · I've begun work on reopening RTM. Actually, I began weeks ago, but have been really slow. So, to speed me up, I'll announce an opening date. Well, close to a date. Sometime in September. Probably late September. I will want quite a few members there on the first day, so I'll give a one time webinar for the pre-bookers. Pre-booking will be available in a couple of weeks. RTM has proven itself to work, so other than the presentation, I won't be changing it much. Now, I've just lit a fire under...
From what IF said, membership should cost around 275 USD per year.
  • #6,603
  • Jul 26, 2020 11:33pm Jul 26, 2020 11:33pm
Any idea about EURUSD.. No clear PA in 1min chart

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot0.png Size: 123 KB
  • #6,604
  • Jul 27, 2020 8:34am Jul 27, 2020 8:34am
Lets see what happens ..
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot0.png Size: 131 KB
  • #6,605
  • Jul 27, 2020 9:12am Jul 27, 2020 9:12am
Quoting fdx
Lets see what happens .. {image}
Now in MT4 it shows an engulf up.. but in fxblue S10 shows an engulf down..
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot0.png Size: 151 KB
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 151 KB
  • #6,606
  • Jul 27, 2020 11:34am Jul 27, 2020 11:34am
Here is one of my failed trades. I bought without waiting till the engulf.. now we have a proper engulf up

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot0.png Size: 140 KB
  • #6,607
  • Jul 27, 2020 11:53am Jul 27, 2020 11:53am
Dear Team Traders ,
Today i came to know one very strange thing about different price of different brokers and also by doing some more research i came to know that if we compare some different brokers we get different values of LSK so if we are just depending of just engulfing in the broker we are doing research that does not mean it is engulfed in real price scale .

I am damm confused what to use for marking LSK as every brokers which i tested like LMAX, TradingView (FXCM,Saxo,Oanda.etc),Dukascopy,FXStreet,Forexfactory Charts , MultiCharts and many more all giving me different values .

As i know there are different spread but i can see some big difference in High-Low which cause a big distraction and LSK Price and which is the main cause of the Problem of Engulf .

Attached Image (click to enlarge)
Click to Enlarge Name: ic markets.jpg Size: 135 KB
Attached Image (click to enlarge)
Click to Enlarge Name: saxotrader Pro.jpg Size: 126 KB
Attached Image (click to enlarge)
Click to Enlarge Name: Dukascopy.jpg Size: 110 KB
Attached Image (click to enlarge)
Click to Enlarge Name: ForexFactory.jpg Size: 85 KB
Attached Image (click to enlarge)
Click to Enlarge Name: fxcm.jpg Size: 99 KB
Attached Image (click to enlarge)
Click to Enlarge Name: oanda.jpg Size: 92 KB
Attached Image (click to enlarge)
Click to Enlarge Name: forex.jpg Size: 92 KB
Attached Image (click to enlarge)
Click to Enlarge Name: idc.jpg Size: 97 KB
  • #6,608
  • Jul 27, 2020 11:56am Jul 27, 2020 11:56am
Some great guys put together all their insights here and make it know to the public. Kudos to all of you.
With the fundamental concepts of RM, everyone developed his own way of reading the charts. It works out well.

from the chart, we can see there are trades in both ways even in 1min chart. With TG still not yet reached, we could add positions all along.

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-m1-.png Size: 38 KB
  • #6,609
  • Jul 27, 2020 12:32pm Jul 27, 2020 12:32pm
Quoting fdx
Here is one of my failed trades. I bought without waiting till the engulf.. now we have a proper engulf up {image}
I just have some questions regarding your drawing. I hope you don't mind answering. I am still trying to learn about these concepts properly.


Attached Image (click to enlarge)
Click to Enlarge Name: 20200727 EURUSD M1.png Size: 89 KB
  • #6,610
  • Jul 27, 2020 10:16pm Jul 27, 2020 10:16pm
Quoting snf
{quote} I just have some questions regarding your drawing. I hope you don't mind answering. I am still trying to learn about these concepts properly. {image}
Hi snf,
I think my drawing was not accurate. If you see the the engulf, price has turned up. But the signal was to go up. So something was wrong in my drawing. To asnwer the FL question, here are the levvels I considered. The FL you marked, didnt break anything to the left to my understanding. Please show if it does so.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot0.png Size: 154 KB
  • #6,611
  • Jul 28, 2020 1:35am Jul 28, 2020 1:35am
Quoting fdx
{quote} Hi snf, I think my drawing was not accurate. If you see the the engulf, price has turned up. But the signal was to go up. So something was wrong in my drawing. To asnwer the FL question, here are the levvels I considered. The FL you marked, didnt break anything to the left to my understanding. Please show if it does so. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: 20200727 EURUSD M1.png Size: 33 KB
Please see the level I added in the diagram and tell me if you think this was significant enough?
  • #6,612
  • Jul 28, 2020 2:37am Jul 28, 2020 2:37am
Quoting snf
{quote} {image}Please see the level I added in the diagram and tell me if you think this was significant enough?
If you think thats significant, then why not the little spike above it? I ask my self that. There are many spikes(highs) in that size all other that area.. Can you see them? I think it is always good to zoom out as much as you can and find the significant levels.. Then you wont have this trouble finding proper levels..
I am not saying that you are wrong. If you mark that as a significant level, you will have to mark all other which look like that. May be others have better ideas.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot0.png Size: 150 KB
  • #6,613
  • Jul 28, 2020 7:25am Jul 28, 2020 7:25am
This is what I call a sure shot setup
Attached Image (click to enlarge)
Click to Enlarge Name: A Perfect QM Entry.png Size: 17 KB
  • #6,614
  • Jul 28, 2020 8:04am Jul 28, 2020 8:04am
Quoting fdx
{quote} If you think thats significant, then why not the little spike above it? I ask my self that. There are many spikes(highs) in that size all other that area.. Can you see them? I think it is always good to zoom out as much as you can and find the significant levels.. Then you wont have this trouble finding proper levels.. I am not saying that you are wrong. If you mark that as a significant level, you will have to mark all other which look like that. May be others have better ideas. {image}
Thank you for your feedback on my question. I am still learning so I'm not very good at choosing the proper levels. I asked because there were two wicks within a space of a few candles, roughly at that level, so I wondered if it meant that it was a significant level.

I can see though how it makes sense to zoom out to find the proper levels (H/L).

In hindsight now, could you show me the mistake that you made with your analysis previously - why the engulf up did not work?
  • #6,615
  • Jul 28, 2020 8:50am Jul 28, 2020 8:50am
Quoting snf
{quote} Thank you for your feedback on my question. I am still learning so I'm not very good at choosing the proper levels. I asked because there were two wicks within a space of a few candles, roughly at that level, so I wondered if it meant that it was a significant level. I can see though how it makes sense to zoom out to find the proper levels (H/L). In hindsight now, could you show me the mistake that you made with your analysis previously - why the engulf up did not work?
Sorry just logged in. I will post the correct one.. In the mean time I analysed the 5 min chart, later I saw that there are few engulfs but i missed them. I am also learning. We all can learn together. In the below image, I can see the engulf, but it has not hit the next FL after retracing back to the source FL. Lets see what happens next.. If it doesn't hit the next FL, probably my FL drawings are not correct AGAIN.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot0.png Size: 135 KB
  • #6,616
  • Jul 28, 2020 9:32am Jul 28, 2020 9:32am
Quoting snf
{quote} Thank you for your feedback on my question. I am still learning so I'm not very good at choosing the proper levels. I asked because there were two wicks within a space of a few candles, roughly at that level, so I wondered if it meant that it was a significant level. I can see though how it makes sense to zoom out to find the proper levels (H/L). In hindsight now, could you show me the mistake that you made with your analysis previously - why the engulf up did not work?
In a hindsight, following one should work. See the FL i have marked with red cross. That is the FL that you asked about also. If you zoom out the image you will see that kink cannot be a FL. there is no proper high or low to the left. I should have marked the big red FL instead. Thats the corresponding FL of the high to the left.

Second one is a good SR flip which I missed. It is clearly visible in that scale. So I marked it in red too. So we have a trade. But this is in a hindsight. Still we can learn from these mistakes.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot0.png Size: 172 KB
  • #6,617
  • Jul 28, 2020 10:44am Jul 28, 2020 10:44am
Quoting fdx
{quote} In a hindsight, following one should work. See the FL i have marked with red cross. That is the FL that you asked about also. If you zoom out the image you will see that kink cannot be a FL. there is no proper high or low to the left. I should have marked the big red FL instead. Thats the corresponding FL of the high to the left. Second one is a good SR flip which I missed. It is clearly visible in that scale. So I marked it in red too. So we have a trade. But this is in a hindsight. Still we can learn from these mistakes. {image}
Fdx how have you established that red zone being kink for SR flip. I know you marked whole candle but was that "eng after eng after..." or straight line?
  • #6,618
  • Jul 28, 2020 10:49am Jul 28, 2020 10:49am
Quoting KingBruceLee
{quote} Fdx how have you established that red zone being kink for SR flip. I know you marked whole candle but was that "eng after eng after..." or straight line?
It is just a straight line.
  • #6,619
  • Jul 28, 2020 10:54am Jul 28, 2020 10:54am
Quoting fdx
{quote} It is just a straight line.
So when do you do it one way and when another?
  • #6,620
  • Jul 28, 2020 11:06am Jul 28, 2020 11:06am
Quoting KingBruceLee
{quote} So when do you do it one way and when another?
I cannot really give a proper answer for that.. This is how I do. If I clearly see that i can draw a horizontal line so that many wicks touches that line, It is for me, a SR Flip. For example, a high is a point, not a zone. The break of that high is a zone. In the same way, If a point represented by a high and a point represented by a low can be connected and can be drawn a horizontal line, I consider it as a SR flip. The break of that horizontal line is a zone which is a FL. May be my way of doing that is wrong, thats why I fail at many trades. Hope my argument is logical.
2 traders viewing now