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ReadtheMarket - Supply and Demand with Price Action

  • #6,941
  • Sep 15, 2020 11:36am Sep 15, 2020 11:36am
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AUD/USD 300 Tick
Supply coincident w/ QML
  • #6,942
  • Sep 15, 2020 12:31pm Sep 15, 2020 12:31pm
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NETFLIX H8 Chart
Demand
  • #6,943
  • Sep 15, 2020 12:58pm Sep 15, 2020 12:58pm
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GOLD 900 Ticks
Supply Level with QML

Not sure about this one
  • #6,944
  • Sep 16, 2020 9:56am Sep 16, 2020 9:56am
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EURUSD H1
DEMAND
  • #6,945
  • Sep 16, 2020 10:12am Sep 16, 2020 10:12am
Quoting PrinceCharm
I believe it’s time to share again... Understanding the overall concept of trading order flow is the exact same in every timeframe. There is no separation in the scales because of its fractal nature. {image} {image} {image} {image} {image} {image}
Hello There again PrinceCharm,
I learn a lot from your chart and your opinion on the chart through your posts on this forum.
on earlier of my post I ask you about which FL we should observe to enter the trade and thank for you kind to give a valuable answer to me so I start to see more clearly on the chart about what is clean and what isn't (still not 100% but better than before)


now I have quite the same problem but a little bit different If you don't mind to give me some hint

it's about setting profit target, So I start to place an order to the right FL which is still clean and the price reflects on that FL as I thought but it doesn't reach the TP target that I've set so could you give a little hint about that where should we set a profit target when the price is engulfed because sometimes price reflects to where it was engulfed but sometimes it doesn't reach there and sometimes it goes beyond that.
Thank you.
  • #6,946
  • Sep 16, 2020 10:36pm Sep 16, 2020 10:36pm
This is a trade I failed.. I did not hope price will go till the origin.. Just entered at a higher QM level which made it hit my SL.. But I consider this as a perfect RTM trade.
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  • #6,947
  • Sep 16, 2020 11:36pm Sep 16, 2020 11:36pm
got a decent run so far for this one, exist will be based on PA

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  • #6,948
  • Sep 17, 2020 6:19am Sep 17, 2020 6:19am
Gbpusd turning fine from last set of orders
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  • #6,949
  • Sep 17, 2020 7:02am Sep 17, 2020 7:02am
Quoting PA-Master
Gbpusd turning fine from last set of orders {image} {image}
UFL means?
  • #6,950
  • Sep 17, 2020 7:15am Sep 17, 2020 7:15am
Quoting shaheer
{quote} UFL means?
Means a flag limit whitch holds price down
  • #6,951
  • Sep 17, 2020 7:47pm Sep 17, 2020 7:47pm
AU run so far so good, will see if addition is warranted.

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  • #6,952
  • Sep 17, 2020 11:35pm Sep 17, 2020 11:35pm
What do you guys think about EurNZD?
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  • #6,953
  • Sep 18, 2020 2:36am Sep 18, 2020 2:36am
Quoting fdx
What do you guys think about EurNZD? {image}
The next origin down is more important. So let price drop to that Qml.
  • #6,954
  • Sep 18, 2020 9:15am Sep 18, 2020 9:15am
UC entry

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  • #6,955
  • Sep 20, 2020 1:49pm Sep 20, 2020 1:49pm
Quoting fdx
What do you guys think about EurNZD? {image}
it is an important level see the swap zone on the chart
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  • #6,956
  • Sep 21, 2020 7:58am Sep 21, 2020 7:58am
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  • #6,957
  • Sep 22, 2020 9:44pm Sep 22, 2020 9:44pm
EU entry

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  • #6,958
  • Sep 23, 2020 1:25pm Sep 23, 2020 1:25pm
[quote = mvf; 13179546] Entrée UE {image} [/ quote]
Hi MVF! Beautifull work
You like touch trade from price origin. I tried that more time but failure .Price in origin + engulf of near FL is the is what i know as entry confirmation. So how do you manage that Touch trade style?
Thanks to reply
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  • #6,959
  • Sep 23, 2020 3:21pm Sep 23, 2020 3:21pm
Quoting AhmedYahya
{quote} hey dragon, i just drew what you said in words with my answer to your question "What is the hidden code within this flag limit that indicates that when price returns to this flag limit, it will not break it but will bounce from it?" correct me if im wrong I have an eye for shorts not comfortable spotting buys yet, so this is my short interpretation too Ahmed {image} {image}
Thanks for your response, Ahmed
  • #6,960
  • Sep 23, 2020 10:30pm Sep 23, 2020 10:30pm
Quoting PA-Master
[quote = mvf; 13179546] Entrée UE {image} [/ quote] Hi MVF! Beautifull work You like touch trade from price origin. I tried that more time but failure .Price in origin + engulf of near FL is the is what i know as entry confirmation. So how do you manage that Touch trade style? Thanks to reply {image}
every trade is actually a touch trade by setting a limit order. We don't really sit in front of screen watching movement all the time.
we fail often. we come out of failure and move on.
when a level is determined for a limit order, there must be a reason to do so. trust yourself but cautiously, this is why you set a stop. if it turns out a failure, wait or find another set up and you still have a good reason to do so, because chart reading is not science. The only thing to do is to manage your expectations.

like this one UC, price did not hit limit order and turned. How should we consider this? should we stick to the level or should we adjust the limit order, because it seems price formed a an engulf? everyone might have different view and everyone might have a different drawing.

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