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ReadtheMarket - Supply and Demand with Price Action

  • #6,861
  • Edited 12:49am Sep 1, 2020 12:22am | Edited 12:49am


EDIT: stopped on the rest
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  • #6,862
  • Sep 1, 2020 3:33am Sep 1, 2020 3:33am
Quoting beefStew
{quote} Hi kingbrucelee, interesting post as this is exactly what i have been struggling for some times. the safest way is to expect the entry on the extreme, but i would miss a lot of nice trades. i see you marked the FL flips of the LTF to determine the smaller entry zone, but as you said before, there is a lot of them and do you enter using confirmation after it bounce off those smaller zones? it would be great if you (and others) can elaborate about this. i also posted a chart from EG (25 Aug) with similar problem. there is more of them that...
Hi beefStew. Just my view. Better traders here may have different idea on that.
I don't know if I would treat that as signal. Less than 1pip eng is often not eng with another broker. But anyway your green box is that LS kink and I would look for a "tricks" inside it.
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  • #6,863
  • Edited 2:52pm Sep 1, 2020 6:49am | Edited 2:52pm
Quoting Slurpee
{quote} yeah, definitely... but it also breached the CP so I believe it might want the other side of the CP...

Hi Mr Slurpee based on how you read the price which engulf would be the confirmation for a short:
engulf of Kink on the LFL?
or engulf of LFL?
  • #6,864
  • Sep 1, 2020 12:27pm Sep 1, 2020 12:27pm
Quoting PA-Master
{quote} Hi Mr Slurpee based on how you read the price which engulf would be the confirmation for a short: engulf of Kink on the LFL? or engulf of LFL? {image}
From my understanding, engulf of the kink would mean price would get to the bottom of LFL, engulf of the LFL would mean price would get to the origin. please correct me if im wrong?
  • #6,865
  • Sep 1, 2020 1:24pm Sep 1, 2020 1:24pm
Quoting PA-Master
{quote} Hi Mr Slurpee based on how you read the price which engulf would be the confirmation for a short: engulf of Kink on the LFL? or engulf of LFL? {image}
Hello, my friend,

I trade both types... see todays GU chart... it shows both types. Entry with its first targets marked with same colour... Hope it helps
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  • #6,866
  • Sep 1, 2020 2:51pm Sep 1, 2020 2:51pm
Quoting Slurpee
{quote} Hello, my friend, I trade both types... see todays GU chart... it shows both types. Entry with its first targets marked with same colour... Hope it helps {image}
Hi my Friend
I would like to have your opinion to resolve this embarrassing doubt
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  • #6,867
  • Sep 1, 2020 5:48pm Sep 1, 2020 5:48pm
Maybe this help more what slurpee marked here is structure break. engulf short hit next zone
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aka Liquinvest
  • #6,868
  • Sep 1, 2020 6:30pm Sep 1, 2020 6:30pm
Quoting PrinceCharm
{quote} Hey BlackCz, First, you must understand order flow as a whole along with fractals. In laymen’s terms, it’s simply an engulf of a FL. With that said, there needs to be a FTB for every engulf but for the important ones. Once you’ve reversed this concept (it’s everywhere) you’ll see where to find “clean” orders. The engulf IS the confirmation. Therefore you can touch trade every important FL that’s clean. I hope that makes sense.


Thank you a lot PrinceCharm, I feel great that you kindly replied my thread I just thought that someday you might see it and reply to me.



P.S. my former account was changed to denied member maybe it has something wrong with the system so I've sent the request about the issue that I'm faced to supports but no response since then, therefore I decided to join with a new one. Sorry to replied you late.

I've sent to support like 10 times so create a new one may be better. -0-
  • #6,869
  • Sep 1, 2020 7:10pm Sep 1, 2020 7:10pm
Quoting Copis
Maybe this help more what slurpee marked here is structure break. engulf short hit next zone {image}
hi Copis,

- on the second short opp, would you fine tune the red FL? taking the whole FL will reduce the RR greatly, so if you fine tune it can you show me how?
- would you TT or wait for confirmation? i think i wouldnt get the chance to enter with confirmation because it just spiked and reverse without retrace.

without hindsight, i would have waited at the lowest red FL for confirmation entry.

Thanks
Ask, and it is given. Every single time, no exceptions.
  • #6,870
  • Sep 1, 2020 8:29pm Sep 1, 2020 8:29pm
Quoting KingBruceLee
{quote} Hi beefStew. Just my view. Better traders here may have different idea on that. I don't know if I would treat that as signal. Less than 1pip eng is often not eng with another broker. But anyway your green box is that LS kink and I would look for a "tricks" inside it. {image}
oops sorry i missed your reply mate,

thanks for clarifying. looks like you pick zones with most confluence? and yes there is an trick FOing the last high, which also made an engulf down as confirmation for the entry. dont think i would notice it without hindsight though. and not every time there is a trick inside the FL, at least from what i am aware of..

thanks a lot!
Ask, and it is given. Every single time, no exceptions.
  • #6,871
  • Sep 1, 2020 11:45pm Sep 1, 2020 11:45pm
Quoting Copis
Maybe this help more what slurpee marked here is structure break. engulf short hit next zone {image}
Hi @Copis
thanks for replying. We have Flag limit or Kink when it engulfed something left( RS or opposite Flag limit) So my question is on the screenshort
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  • #6,872
  • Sep 2, 2020 12:43am Sep 2, 2020 12:43am
Quoting PA-Master
{quote} Hi my Friend I would like to have your opinion to resolve this embarrassing doubt {image}
Hi buddy,

Copis explained nicely most of it... Here is my view and how I think about price and all regarding this business... I am no master here nor can I read "fluently" the chart. I still make a lot of mistakes mostly coming from impatience and not believing in my analysis, but it gets better with time... We all are learning here and most importantly... we all are looking for our ways that suit us and our personality.

Those trades I marked are obviously marked in hindsight and I did not take them. I learn from them... I need to trade a TF where I can go to one or two lower TFs for exact entries (or to see if there was or wasn`t real engulf) and since I do not have a tick chart (and it would not suit me neither since it is too fast for me) I don`t usually take trades from watching 1min chart...

EDIT: and to your question that you see only a RBR engulfed... show me, how does a 1hr RBR look like on 5 min chart...
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  • #6,873
  • Sep 2, 2020 12:50am Sep 2, 2020 12:50am
unfortunately I didn't take these trades :


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  • #6,874
  • Sep 2, 2020 12:57am Sep 2, 2020 12:57am
And as for my SL placing... I am usually more aggresive and look for smaller zone, even though I can get stopped our more often. But I prefer higher RRR. That is why I am trying to look to lower TF for exact places to enter the trade..
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  • #6,875
  • Sep 2, 2020 1:09am Sep 2, 2020 1:09am
Quoting Slurpee
{quote} Hi buddy, Copis explained nicely most of it... Here is my view and how I think about price and all regarding this business... I am no master here nor can I read "fluently" the chart. I still make a lot of mistakes mostly coming from impatience and not believing in my analysis, but it gets better with time... We all are learning here and most importantly... we all are looking for our ways that suit us and our personality. Those trades I marked are obviously marked in hindsight and I did not take them. I learn from them... I need to trade...
Yes my friend Slurpee when you are talking about structure break i'm ok with that but my question was What you considered to mark that rechanges upper as FL or Kink. Look at my scrennshort
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  • #6,876
  • Sep 2, 2020 1:40am Sep 2, 2020 1:40am
Quoting Tj1
unfortunately I didn't take these trades : {image}
good to see you back
aka Liquinvest
  • #6,877
  • Sep 2, 2020 2:08am Sep 2, 2020 2:08am
Quoting PA-Master
{quote} Yes my friend Slurpee when you are talking about structure break i'm ok with that but my question was What you considered to mark that rechanges upper as FL or Kink. Look at my scrennshort {image}
Here you go... I am not LS/LSK trader... Copis is the master of this stuff here
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  • #6,878
  • Sep 2, 2020 2:13am Sep 2, 2020 2:13am
Quoting PA-Master
{quote} Yes my friend Slurpee when you are talking about structure break i'm ok with that but my question was What you considered to mark that rechanges upper as FL or Kink. Look at my scrennshort {image}
If I were a LSK trader, I would be already in... I bet Copis is
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  • #6,879
  • Sep 2, 2020 3:35am Sep 2, 2020 3:35am
Quoting Slurpee
{quote} If I were a LSK trader, I would be already in... I bet Copis is {image}
no no trading for me this week another stuff to do, from next week I'm full in.
aka Liquinvest
  • #6,880
  • Sep 2, 2020 4:22am Sep 2, 2020 4:22am
Quoting benadil
{quote} would that disqualify your trade if not please explain copis {image}
I agree with you Friend.very price reading
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