ReadtheMarket - Supply and Demand with Price Action | Page 334 | 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

  • #6,661
  • Aug 1, 2020 12:42am Aug 1, 2020 12:42am
Quoting snf
{quote} Can you illustrate exactly what is the MPL of the LSK?
MPL means last set of orders in the LSK means last Apex LS which must be fresh and inline with LS or RS Flip which add strength to it

Attached Image (click to enlarge)
Click to Enlarge Name: photo_2019-01-09_15-26-46.jpg Size: 50 KB
  • #6,662
  • Aug 1, 2020 2:44am Aug 1, 2020 2:44am
Quoting KingBruceLee
{quote} Probably reaching opposite FL. I foud only 1 post with this word: {image}
Thanks,
I dont get it. What is the flag below?
  • #6,663
  • Aug 1, 2020 7:38am Aug 1, 2020 7:38am
Quoting fdx
{quote} Thanks, I dont get it. What is the flag below?
Just my guess. Below one of IFs charts with flags.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot (29).png Size: 52 KB
Click to Enlarge Name: Screenshot (31).png Size: 667 KB
  • #6,664
  • Aug 2, 2020 4:02am Aug 2, 2020 4:02am
Since "market is not random" I'm wondering what mistake I made or was that one of "10% that fail". This happens more than often, so thats rather something I'm doing wrong. Thats april 2018.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot (32).png Size: 47 KB
Click to Enlarge Name: Screenshot (33).png Size: 43 KB
  • #6,665
  • Aug 2, 2020 5:56am Aug 2, 2020 5:56am
Quoting KingBruceLee
Since "market is not random" I'm wondering what mistake I made or was that one of "10% that fail". This happens more than often, so thats rather something I'm doing wrong. Thats april 2018. {image} {image}
That little thing is what we call, mouth FL. the LTF FL at the SR flip of the HTF FL.
  • #6,666
  • Aug 2, 2020 6:01am Aug 2, 2020 6:01am
Quoting fdx
{quote} That little thing is what we call, mouth FL. the LTF FL at the SR flip of the HTF FL.
Actually we also have a confirmed trade there.

Past
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot0.png Size: 175 KB


Present
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 165 KB
  • #6,667
  • Aug 2, 2020 8:32am Aug 2, 2020 8:32am
Quoting fdx
{quote} Actually we also have a confirmed trade there. Past{image} Present {image}
Thanks bro. Recently I'm testing and trying to find these "last set of orders". Not saying I'm doing it right but both zones gave not bad RR. With assumption that there was eng up I decided to not close the lower one too quickly.
Fdx how do you reckon, was there eng up? And when would you call it quits?
Hope I don't pollute this thread too much.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot (35).png Size: 48 KB
Click to Enlarge Name: Screenshot (36).png Size: 39 KB
Click to Enlarge Name: Screenshot (37).png Size: 38 KB
  • #6,668
  • Aug 2, 2020 9:53am Aug 2, 2020 9:53am
Quoting KingBruceLee
{quote} Thanks bro. Recently I'm testing and trying to find these "last set of orders". Not saying I'm doing it right but both zones gave not bad RR. With assumption that there was eng up I decided to not close the lower one too quickly. Fdx how do you reckon, was there eng up? And when would you call it quits? Hope I don't pollute this thread too much. {image} {image} {image}
I think what we are posting here is related to RTM concepts. So I believe we are not polluting the thread .

Now only I noticed in your first AUDUSD post that there is another buy. Let me see.. As I am looking at them in MT4, may be I am curve fitting them. But lets me check.

Edit: and yes.. correct, I would be closing half at the TG1, and as you shown in your second image, if I see a engulf down, I would close all.
  • #6,669
  • Aug 2, 2020 10:20am Aug 2, 2020 10:20am
Quoting KingBruceLee
{quote} Thanks bro. Recently I'm testing and trying to find these "last set of orders". Not saying I'm doing it right but both zones gave not bad RR. With assumption that there was eng up I decided to not close the lower one too quickly. Fdx how do you reckon, was there eng up? And when would you call it quits? Hope I don't pollute this thread too much. {image} {image} {image}
Seems there are many concepts which we can justify the scenario. But to be honest, If I were you, trading at the exact location, I would expect price to go up, because of that engulf. If we consider the LSKs from Daily chart, that is not an engulf. It directly hit a Daily iQM level.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot0.png Size: 158 KB

From the FLs point of view, that is a valid engulf, but ignored. Thats why the iQM level worked after the engulf
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 171 KB


But, if we consider a top down analysis, we are in a weekly UFL, where we look for sell opportunities, not buy opportunities.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 170 KB

Anyways, Engulf is engulf, be it a UFL or LFL. It should work upside or downside. To me the only valid scenario is the second one that it was ignored. May be someone has a better explanation.
  • #6,670
  • Aug 2, 2020 11:12am Aug 2, 2020 11:12am
Quoting fdx
{quote} Actually we also have a confirmed trade there. Past{image} Present {image}
Really good spot here fdx. You are getting really good at this.
  • #6,671
  • Aug 2, 2020 10:42pm Aug 2, 2020 10:42pm
Quoting snf
{quote} Really good spot here fdx. You are getting really good at this.
Thank you .
But when it comes to real trading, i am impatient, I am not seeing many engulfs.. whole chart is covered with boxes and i don't see any engulf, which makes me enter without confirmation.. So these days I am practising with forex tester. Seems it is a good software.
  • #6,672
  • Aug 3, 2020 2:12am Aug 3, 2020 2:12am
Quoting fdx
{quote} Seems there are many concepts which we can justify the scenario. But to be honest, If I were you, trading at the exact location, I would expect price to go up, because of that engulf. If we consider the LSKs from Daily chart, that is not an engulf. It directly hit a Daily iQM level. {image} From the FLs point of view, that is a valid engulf, but ignored. Thats why the iQM level worked after the engulf{image} But, if we consider a top down analysis, we are in a weekly UFL, where we look for sell opportunities, not buy opportunities. {image}...
Instead of focusing on the content, emphasis must be on the process. A simple question would help spearhead your understanding on how the market works. When an area of confluence is fully engulfed, what will be the end result for the retails - institutions - banks - hedge fund - market makers? Does it benefit them or does it disinterest them for further accumulating? Answer is within you.
  • #6,673
  • Aug 3, 2020 6:09am Aug 3, 2020 6:09am
Quoting thegrimreape
{quote} Instead of focusing on the content, emphasis must be on the process. A simple question would help spearhead your understanding on how the market works. When an area of confluence is fully engulfed, what will be the end result for the retails - institutions - banks - hedge fund - market makers? Does it benefit them or does it disinterest them for further accumulating? Answer is within you.
Thanks,
But can you be specific please?
  • #6,674
  • Aug 3, 2020 9:05am Aug 3, 2020 9:05am
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15 - Copy.png Size: 29 KB
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15 (2) - Copy.png Size: 45 KB
  • #6,675
  • Aug 3, 2020 9:12am Aug 3, 2020 9:12am
Quoting thegrimreape
{quote} Instead of focusing on the content, emphasis must be on the process. A simple question would help spearhead your understanding on how the market works. When an area of confluence is fully engulfed, what will be the end result for the retails - institutions - banks - hedge fund - market makers? Does it benefit them or does it disinterest them for further accumulating? Answer is within you.
this answer is to thegrimreape
In this thread our understanding is that an engulf after a reaction to a demand or supply zone shows the intention of the institutional traders , say a price is reacting to a 1 hour supply and engulfs a 1 hour demand, now for those institutions they need at least to fill their orders in a demand zone lower that the one that has been engulfed before they can break that supply the price is reacting to, that is why we wait for them on retrace to the qm or ftr or lsk level to fill back the remaining orders to reach at least the demand zone right bellow the one that has been engulfed, so here we exploit the need for institutions of ordres to move the price. thats the only advantage we retailers have over them.

can you tell us your view thegrimreape
thanks

  • #6,676
  • Aug 3, 2020 10:05am Aug 3, 2020 10:05am
after engulf took place, it becomes imperative to looks for available orders.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m5-oanda-division2 (1).png Size: 40 KB
Attached Image (click to enlarge)
Click to Enlarge Name: audusd-m5-oanda-division2 (2).png Size: 33 KB
  • #6,677
  • Aug 3, 2020 10:13am Aug 3, 2020 10:13am
simple setup with a bad entry (only +3R)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot0.png Size: 207 KB
aka Liquinvest
  • #6,678
  • Aug 3, 2020 10:14am Aug 3, 2020 10:14am
Hello, moment-by-moment analysis of the gold symbol. Short and long times /
We invite gold market enthusiasts to join us

https://www.forexfactory.com/thread/post/13094107#post13094107
  • #6,679
  • Aug 3, 2020 10:51am Aug 3, 2020 10:51am
Quoting Copis
simple setup with a bad entry (only +3R) {image}
would that disqualify your trade if not please explain copis

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot0.png Size: 81 KB
  • #6,680
  • Aug 3, 2020 1:06pm Aug 3, 2020 1:06pm
Quoting benadil
{quote} would that disqualify your trade if not please explain copis {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot0.png Size: 320 KB
aka Liquinvest
1 trader viewing now