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ReadtheMarket - Supply and Demand with Price Action

  • #6,721
  • Aug 7, 2020 9:51am Aug 7, 2020 9:51am
Quoting thegrimreape
{quote} Perfecto. Nailed it to the core. This is it, a job well done.
Thanks checked your profile you are a veteran trader , I would like to learn from you
  • #6,722
  • Aug 7, 2020 11:36am Aug 7, 2020 11:36am
exit should be considered as entry as well.
this one took some time to reach the planned exit and now it becomes entry.
In reality, the sell position was closed half way due to fear factor. However, planned buy entry stayed put.



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  • #6,723
  • Aug 7, 2020 11:46am Aug 7, 2020 11:46am
similar view for this one also.
just don't force a trade.

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  • #6,724
  • Aug 10, 2020 8:32am Aug 10, 2020 8:32am
new start. position still open, but came back to entry level. allow a bit time space for consumption before closing it and reassess.

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  • #6,725
  • Aug 10, 2020 8:44am Aug 10, 2020 8:44am
this one got the entry, tp set and reentry would be reassessed at the same level
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  • #6,726
  • Aug 10, 2020 1:45pm Aug 10, 2020 1:45pm
Quoting mvf
new start. position still open, but came back to entry level. allow a bit time space for consumption before closing it and reassess. {image}
Do we have any PA for this sell? your NU trade has a BSZ level so I understand that you bought at a good level. But I dont understand your GU trade. Is it just the LSK/MPL of that kink?
  • #6,727
  • Aug 10, 2020 2:22pm Aug 10, 2020 2:22pm
Quoting fdx
{quote} Do we have any PA for this sell? your NU trade has a BSZ level so I understand that you bought at a good level. But I dont understand your GU trade. Is it just the LSK/MPL of that kink?
it was not mpl, it was the first order pocket to consume once price comes back. once price consumed it, it'll go to next pocket.
  • #6,728
  • Aug 10, 2020 10:17pm Aug 10, 2020 10:17pm
Quoting mvf
this one got the entry, tp set and reentry would be reassessed at the same level {image}
Hi mvf, nice trade there. I have a question on that trade. i dont understand why you can pick that particular point for your longs. If you have the time, can you please fill me in. Thanks mvf.
I have included my analysis.

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  • #6,729
  • Aug 10, 2020 11:02pm Aug 10, 2020 11:02pm
Quoting valas5328
{quote} Hi mvf, nice trade there. I have a question on that trade. i dont understand why you can pick that particular point for your longs. If you have the time, can you please fill me in. Thanks mvf. I have included my analysis. {image}
in your chart, you have already marked the level in light blue color. You must have got some good reasons to mark that particular level. That was the same level where this trade was entered. And you also mark a red dotted line around S/R level which is my intended exist.
  • #6,730
  • Aug 10, 2020 11:13pm Aug 10, 2020 11:13pm
Quoting valas5328
{quote} Hi mvf, nice trade there. I have a question on that trade. i dont understand why you can pick that particular point for your longs. If you have the time, can you please fill me in. Thanks mvf. I have included my analysis. {image}
you can see from this chart and compare to your chart, we actually marked the same levels. Both entry levels and exis levels. The only difference is that yours in HTF chart.




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  • #6,731
  • Aug 11, 2020 4:31am Aug 11, 2020 4:31am
Very clear engulf. Engulf Not aligning with LSK, or a FL. I closed the trade because I saw the upper FL is engulfed by a fraction of a pip.
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  • #6,732
  • Aug 11, 2020 7:07am Aug 11, 2020 7:07am
Quoting fdx
Very clear engulf. Engulf Not aligning with LSK, or a FL. I closed the trade because I saw the upper FL is engulfed by a fraction of a pip. {image}
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  • #6,733
  • Aug 11, 2020 12:37pm Aug 11, 2020 12:37pm
Quoting KingBruceLee
{quote} {image}
This is very subjective to each individual i think. Anyways.. If I were to follow the highs and lows. I would be marking like below.. still it would have not hit a FL. So for my drawings, there is a trade.. for yours, there is no trade. BTW, one of my friends has taken the trade which complies with your drawing. So I believe every trader may have their own perspective and a respective trade.
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My friend's trade is my engulf. I would have never seen it.

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  • #6,734
  • Aug 11, 2020 1:02pm Aug 11, 2020 1:02pm
this is another example - the first orders got consumed, it reached out to the next one.



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  • #6,735
  • Aug 11, 2020 1:44pm Aug 11, 2020 1:44pm
entry on confirmation. engulf has to be complete.

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  • #6,736
  • Aug 11, 2020 3:37pm Aug 11, 2020 3:37pm
Quoting mvf
this is another example - the first orders got consumed, it reached out to the next one. {image}
Mvf is your blue rect based on eng of purple one marked by me? Just wonder if its data difference or you ment something else.
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  • #6,737
  • Aug 11, 2020 5:53pm Aug 11, 2020 5:53pm
Quoting KingBruceLee
{quote} Mvf is your blue rect based on eng of purple one marked by me? Just wonder if its data difference or you ment something else. {image}
yes. bang on
  • #6,738
  • Aug 12, 2020 7:43am Aug 12, 2020 7:43am
Quoting quantom238
{quote} Have we it on AudCad Monthly now ?
could you still see it?
if you can't explain it simply you don't understand it well enough
  • #6,739
  • Aug 12, 2020 7:45am Aug 12, 2020 7:45am
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  • #6,740
  • Aug 12, 2020 7:57am Aug 12, 2020 7:57am
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