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ReadtheMarket - Supply and Demand with Price Action

  • #6,761
  • Aug 14, 2020 12:03pm Aug 14, 2020 12:03pm
Quoting beefStew
{quote} Ahmed, i tried to immitate your markings on UJ. what do you think? {image}
you`ve got a good eye for it lets wait and see
if you can't explain it simply you don't understand it well enough
  • #6,762
  • Aug 14, 2020 12:51pm Aug 14, 2020 12:51pm
Quoting AhmedYahya
{quote} {image}
Nice snag
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  • #6,763
  • Aug 14, 2020 1:08pm Aug 14, 2020 1:08pm
THANK YOU AHMED
in this scale we have a south ENG which has not reached to its TG
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  • #6,764
  • Edited 2:17pm Aug 14, 2020 1:58pm | Edited 2:17pm
Quoting quantom238
THANK YOU AHMED in this scale we have a south ENG which has not reached to its TG {image}
Hey Quantom always enjoyed your charts,absolutely beautiful

this is my thinking in addition the current consecutive tops going lower and lower to the far right of the chart , is always a worry for me as it just pile short orders after short orders, just to be ran over

and as always i might be completely wrong
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if you can't explain it simply you don't understand it well enough
  • #6,765
  • Aug 15, 2020 10:07pm Aug 15, 2020 10:07pm
Quoting Pipsometer
Sometimes you only need one trade. I find that engulfs into compression are the best in my experience. Always clear {image}
Yes, Engulfs into compressions are the best ones. You find these in HTF mostly. My pending did not trigger though.. I placed a trade at QM level, with a tight SL, it ht SL, So my fault was not keeping SL below the FL. But Price should retrace back to the blue box, as there are clean orders in there.
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  • #6,766
  • Edited 2:57am Aug 16, 2020 2:33am | Edited 2:57am
Quoting fdx
{quote} Yes, Engulfs into compressions are the best ones. You find these in HTF mostly. My pending did not trigger though.. I placed a trade at QM level, with a tight SL, it ht SL, So my fault was not keeping SL below the FL. But Price should retrace back to the blue box, as there are clean orders in there.{image}
On the contrary I find them very often in low TF. And yes they are also seen very often on HFT

With those lows lined up like that to form support, I'd rather look to enter long lower around my blue rectangle

And when we draw all the important boxes, it gives us better perspective (Second pix)
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  • #6,767
  • Aug 16, 2020 4:15am Aug 16, 2020 4:15am
Quoting quantom238
THANK YOU AHMED in this scale we have a south ENG which has not reached to its TG {image}
hmmm i have here another view
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aka Liquinvest
  • #6,768
  • Aug 16, 2020 5:44am Aug 16, 2020 5:44am
Quoting Pipsometer
{quote} On the contrary I find them very often in low TF. And yes they are also seen very often on HFT With those lows lined up like that to form support, I'd rather look to enter long lower around my blue rectangle And when we draw all the important boxes, it gives us better perspective (Second pix) {image} {image}
Thank you for pointing that out. A question if you dont mind.
I have seen you and Copis both extend the edges of the HTF FLs further to the right and, mark the kinks at those edges as FLs. Is it a common way of identifying a LTF FLs or Is it just a Box not a FL(The biggest box in your first image of this post)
  • #6,769
  • Aug 16, 2020 6:41am Aug 16, 2020 6:41am
Quoting Copis
{quote} hmmm i have here another view {image}
thank you
  • #6,770
  • Aug 16, 2020 7:38am Aug 16, 2020 7:38am
Quoting fdx
{quote} Thank you for pointing that out. A question if you dont mind. I have seen you and Copis both extend the edges of the HTF FLs further to the right and, mark the kinks at those edges as FLs. Is it a common way of identifying a LTF FLs or Is it just a Box not a FL(The biggest box in your first image of this post)
yes, very often we find that kinks of HTF flag limits are also FLs/FTRs on lower scale. Remember that left shoulders are simply edges of HTF FLs and are good for symmetry. In this particular instance there is a ftr that lines up with the left shoulder, which needs to be engulfed up, for there to be useful PA
  • #6,771
  • Aug 16, 2020 8:57am Aug 16, 2020 8:57am
Quoting Pipsometer
{quote} yes, very often we find that kinks of HTF flag limits are also FLs/FTRs on lower scale. Remember that left shoulders are simply edges of HTF FLs and are good for symmetry. In this particular instance there is a ftr that lines up with the left shoulder, which needs to be engulfed up, for there to be useful PA
I was thinking alone, LSKs could be the edges of HTF FLs.. Thanks heaps
  • #6,772
  • Aug 17, 2020 12:19am Aug 17, 2020 12:19am
Quoting Slurpee
Trapped orders level... I was a little bit too conservative {image}

Finally moving a little...
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Live it or leave it!
  • #6,773
  • Aug 17, 2020 6:52am Aug 17, 2020 6:52am
Quoting Slurpee
{quote} Finally moving a little... {image}

First half banked... Now we moving...
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Live it or leave it!
  • #6,774
  • Aug 17, 2020 8:57am Aug 17, 2020 8:57am
hi guys
is this below zone suitable for going long on Loni ?
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  • #6,775
  • Aug 17, 2020 8:45pm Aug 17, 2020 8:45pm
Quoting Pipsometer
Sometimes you only need one trade. I find that engulfs into compression are the best in my experience. Always clear {image}
also most of time when price has an engulf into CP , forms a caps on price in entrance mouse of cp then comes back to deceive trend traders and pick up orders from origin of new movement and finally big move starts in direction of the engulf
  • #6,776
  • Aug 18, 2020 12:42am Aug 18, 2020 12:42am
FOMO was stronger than my trading plan but still a decent trade... Psychology is our worst enemy, not the markets...
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  • #6,777
  • Aug 18, 2020 1:16am Aug 18, 2020 1:16am
Missed this entry. There is a clear engulf
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  • #6,778
  • Aug 18, 2020 2:01am Aug 18, 2020 2:01am
Quoting fdx
Missed this entry. There is a clear engulf{image}
I personally would not consider this an engulf... it FOed to a FL... very nice trick by ITs, they needed to get the price higher... IMHO
Live it or leave it!
  • #6,779
  • Aug 18, 2020 2:35am Aug 18, 2020 2:35am
Quoting fdx
Missed this entry. There is a clear engulf{image}
look here in M1 you will see a kink in it
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M1
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aka Liquinvest
  • #6,780
  • Aug 18, 2020 2:37am Aug 18, 2020 2:37am
it seems to be a BUFL to hold price UP
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