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Attachments: ReadtheMarket - Supply and Demand with Price Action
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ReadtheMarket - Supply and Demand with Price Action

Quoting Slurpee
{quote} It kind of sucks a little more now... {image}
Target hit on that one...

Today`s level worked great... just... if I placed my SL where it should have been above the marked zone and not one pip lower.... greed + bad luck = -1R
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Live it or leave it!
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a follow up in regards a few FLs, as these levels have been broken, so the position stayed till tp met.
as the FL got consumed, would look at two senarios;

- if it breaks up, will look at upper level for trade
- if it breaks down, will look at the same zone for trade
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this trade turned out to be in favor of intended direction.
as it still has room to move down, so will stay in trade for a while
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Quoting mvf
this trade turned out to be in favor of intended direction. as it still has room to move down, so will stay in trade for a while{image}
Amazing trade.
What‘s I could not understand is the entry point and the tiny SL.
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Quoting CrowEye
{image}
Is it necesaary to have a Higher price on the left of the Left shoulder for qm
Quoting chengchen08
{quote} Amazing trade. What‘s I could not understand is the entry point and the tiny SL. {image}
you are right. this sl has been moved there once price is running in your favour.
sl belongs to position management and an opportunity cost needed to pay.

The updated chart showing two additions, non of them has entry like the first one, even if the move is in your favour. now it becomes position management
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i see this oportunity for sell

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Quoting goruswekrus
i see this oportunity for sell {image}
good eye. didnt hold it all the way through, but there might be another opporutnity

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this is why it was taken early. engulf not super clear

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price looks like its setting up for a breakout up, potentially creating a massive FTR. although heavy consolidation now maybe push it back down to our original tg. Dont' know. Take the scalps, done for the wknd

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RIP RTM - long live Nonsense Trading
i will try to sell EURUSD here... wait for approach to this levels

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Hello Traders ...
i read this thread ... can anyone please explain flag limit with examples ? And difference between flag limit and ftr ?
Please ....
Thank you
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Quoting Beginne
Hello Traders ... i read this thread ... can anyone please explain flag limit with examples ? And difference between flag limit and ftr ? Please .... Thank you

Every FL is a FTR... But not every FTR is a FL... Try to think about it...
And FL limit is basically an edge of a FL. Go to charts and look what happens at these areas...
Live it or leave it!
Let`s see...
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Quoting Slurpee
Let`s see... {image} {image}

First 1/2 closed
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Live it or leave it!
One more add on...

EDIT: -1R
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Live it or leave it!
Quoting Slurpee
Let`s see... {image} {image}
Nice trades Slurpee. I understand why you entred these 2 buys but wasn't the TG already hit? Is there confirmation that I don't see?
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any one watching UC
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if you can't explain it simply you don't understand it well enough
Quoting KingBruceLee
{quote} Nice trades Slurpee. I understand why you entred these 2 buys but wasn't the TG already hit? Is there confirmation that I don't see? {image}
Hi KBL and thank you,

this is my reasoning, which now proved to be wrong. My bias is still the same though... just my view, could be wrong of course I closed the rest on those two trades with a little BE+ and BE-, so zero on second half basically.
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Live it or leave it!
Usually when I assume there is an engulfing sh*t happens Do you guys think explanation of my failure is correct? Its Forex Tester UJ 05.01.2016. Thanks.
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