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ReadtheMarket - Supply and Demand with Price Action

  • #7,021
  • Oct 21, 2020 7:56pm Oct 21, 2020 7:56pm
Quoting erann
hello everyone,im a newbie but i already study this method for 1 year but couldnt master this knowledge,guess my learning curve are really long,has anyone make a living from this method?
Hi i would suggest 2 ways for studying this method.
1. By your own which is freely posted from page 1 till the end.
2. Register in www.readthemarket.com, pay the fee and study there. (same minded person will be there)

Hope it helps.
  • #7,022
  • Oct 21, 2020 10:22pm Oct 21, 2020 10:22pm
Quoting valas5328
{quote} Hi i would suggest 2 ways for studying this method. 1. By your own which is freely posted from page 1 till the end. 2. Register in www.readthemarket.com (http://www.readthemarket.com), pay the fee and study there. (same minded person will be there) Hope it helps.
interesting didnt know they opened up the forum again
RIP RTM - long live Nonsense Trading
  • #7,023
  • Oct 22, 2020 1:50pm Oct 22, 2020 1:50pm
Long time since I've been here, nice to see people are still using this method

Haven't traded for years. Recently took my first two trades again, a bit rusty but some profit.

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  • #7,024
  • Oct 23, 2020 7:38am Oct 23, 2020 7:38am
Hello There Everyone !! hope you guys have a good weekend and making profits all the way

I'm still struggling to find to way to trade as you all know we are in here to learn and share our journey now I'm trying to trade in the first touch of the price and have some problem if you guys could help.

after I've spent lots of hours finding a way to trade now I have some progress on how to find entry but facing some problems.
price already engulfs and retrace back to the clean area but when it comeback where it should that area can't hold the price and breaking down (kinda sad) LOL. but when the price comes back again and engulfs on the second or third time it works.

so is it possible for us to know which time it will work and which it doesn't or at least could see some hint on how to identify the probability on?


I have already asked this question to PrinceCharm and he tells valuable information that price always reacts to the flags and make FTB once it is engulfed but for me it isn't (it is but not in the first time. it react on the second or third time as I've said earlier).
Thank you for your help in advance.
  • #7,025
  • Oct 23, 2020 7:37pm Oct 23, 2020 7:37pm
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https://www.forexfactory.com/attachm...ew_thumbnail=1Price does not lie
  • #7,026
  • Oct 23, 2020 10:28pm Oct 23, 2020 10:28pm
Quoting BlackCZE
Hello There Everyone !! hope you guys have a good weekend and making profits all the way I'm still struggling to find to way to trade as you all know we are in here to learn and share our journey now I'm trying to trade in the first touch of the price and have some problem if you guys could help. after I've spent lots of hours finding a way to trade now I have some progress on how to find entry but facing some problems. price already engulfs and retrace back to the clean area but when it comeback where it should that area can't hold the price and...
You are correct. If the FL is fresh, meaning that it has not been touched, you can touch trade it without confirmation/engulf. But be sure to close a part of the position. The PA is engulf. You cannot trade the FTB with engulf. may be the 2nd or nth time back to the FL.
  • #7,027
  • Oct 24, 2020 8:38pm Oct 24, 2020 8:38pm
Quoting fdx
{quote} You are correct. If the FL is fresh, meaning that it has not been touched, you can touch trade it without confirmation/engulf. But be sure to close a part of the position. The PA is engulf. You cannot trade the FTB with engulf. may be the 2nd or nth time back to the FL.
Hi There fdx, Thank you for sharing your experiences with the forum and me.

as you've said if we are entering FL that fresh without engulfing so how are we going to set TP then
(maybe we could secure our capital by set SL to breakeven but if we don't know the area to set tp it is kind of hard to trade then.)
  • #7,028
  • Oct 25, 2020 4:00pm Oct 25, 2020 4:00pm
Quoting BlackCZE
{quote} Hi There fdx, Thank you for sharing your experiences with the forum and me. as you've said if we are entering FL that fresh without engulfing so how are we going to set TP then (maybe we could secure our capital by set SL to breakeven but if we don't know the area to set tp it is kind of hard to trade then.)
Hi BlackCZE,

In my opinion your first TG has to be the last (small scale) FL that price created before hitting your FL. When touch trading a level you can not assume that price will move further in your favor, this can only happen after engulf. A lot of times there will only be a small bounce or sometimes even no bounce at all.
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  • #7,029
  • Oct 26, 2020 6:07am Oct 26, 2020 6:07am
Quoting BlackCZE
{quote} Hi There fdx, Thank you for sharing your experiences with the forum and me. as you've said if we are entering FL that fresh without engulfing so how are we going to set TP then (maybe we could secure our capital by set SL to breakeven but if we don't know the area to set tp it is kind of hard to trade then.)
The TP is the next opposite FL.. but it is not guaranteed, as we dont have PA. It is blindly placing a trade at a fresh FL hoping that price is going to go to the next opposite FL, which might work or not.
Engulf is the PA, after the engulf price might retrace back to the FL or to a QM level.
  • #7,030
  • Oct 26, 2020 11:01am Oct 26, 2020 11:01am
Hello guys. I'm sort of new to this technique. Does anyone know why this trade failed?
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  • #7,031
  • Oct 26, 2020 12:35pm Oct 26, 2020 12:35pm
Quoting Chimez
Hello guys. I'm sort of new to this technique. Does anyone know why this trade failed? {image}
Hi Chimez,

I don't see any PA (engulf) in your chart. Sure it looks like a nice place to take a trade, I would have waited for PA at your QM zone.
  • #7,032
  • Oct 26, 2020 8:33pm Oct 26, 2020 8:33pm
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  • #7,033
  • Oct 27, 2020 3:55am Oct 27, 2020 3:55am
I have to say thank you to Chimez for the USDSGD trade. I normally don't trade this pair but after his post I took a look at it and found a nice setup.
USDCHF simple trade.

USDJPY didn't work out as I planned, will analyse it later.
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  • #7,034
  • Oct 27, 2020 4:23am Oct 27, 2020 4:23am
Quoting Keyador
{quote} Hi Chimez, I don't see any PA (engulf) in your chart. Sure it looks like a nice place to take a trade, I would have waited for PA at your QM zone.
Thanks for the insight. I actually went to lower timeframe M5, and saw an engulf on the QM zone. Do you suggest looking for engulf on higher timeframe?


Cheers
  • #7,035
  • Oct 27, 2020 9:45am Oct 27, 2020 9:45am
Quoting Chimez
{quote} Thanks for the insight. I actually went to lower timeframe M5, and saw an engulf on the QM zone. Do you suggest looking for engulf on higher timeframe? Cheers
Do you mean the engulf you can see on the chart on my previous post?
This is my interpretation of the area you highlighted.
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  • #7,036
  • Oct 28, 2020 7:07pm Oct 28, 2020 7:07pm
Quoting Keyador
{quote} Hi BlackCZE, In my opinion your first TG has to be the last (small scale) FL that price created before hitting your FL. When touch trading a level you can not assume that price will move further in your favor, this can only happen after engulf. A lot of times there will only be a small bounce or sometimes even no bounce at all. {image}
Hi There ! Keyador

Thank you for your opinion. I see your point. probability game isn't it.
  • #7,037
  • Oct 28, 2020 7:10pm Oct 28, 2020 7:10pm
Quoting fdx
{quote} The TP is the next opposite FL.. but it is not guaranteed, as we dont have PA. It is blindly placing a trade at a fresh FL hoping that price is going to go to the next opposite FL, which might work or not. Engulf is the PA, after the engulf price might retrace back to the FL or to a QM level.
Ok, then I'm learning here. my style now still trying to trade on engulfing if it isn't. it maybe not worth taking a risk.

thank you fdx.
  • #7,038
  • Oct 28, 2020 9:39pm Oct 28, 2020 9:39pm
Glad to see that the thread is back on track, good luck to everyone involved.
  • #7,039
  • Oct 29, 2020 11:21am Oct 29, 2020 11:21am
Quoting Keyador
{quote} Do you mean the engulf you can see on the chart on my previous post? This is my interpretation of the area you highlighted. {image}
I thought you meant engulfing reaction when price hit the zone
  • #7,040
  • Nov 13, 2020 10:38am Nov 13, 2020 10:38am
been seeing this lately

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RIP RTM - long live Nonsense Trading
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