Disliked{quote} And, the story around CP is, that orders getting consumed and swapping IT orders. If the last barrier(FL/tartget, whatever you want to call it) is broken without touching the next barrier, it is called an engulf. Story around engulf is the intention of IT - their intention to go to the next target. People make simple stuff complicated. If you don't see an opportunity, don't take a trade.Ignored
ReadtheMarket - Supply and Demand with Price Action
- #7,148
- Feb 7, 2021 11:21pm Feb 7, 2021 11:21pm
{quote} Nice chart mate, i would have had similar entry zone to yours, but why did you put so many entry levels? I am also from Indonesia, and i was going to PM you but you seem to turn off your PM setting heheh. I want to invite you for some discussion if you dont mind. Cheers
Just a guess answer for my previous question
Ask, and it is given. Every single time, no exceptions.
{quote} Maybe those overlapping orders are for this second entry? Just a guess answer for my previous question
Yes exactly, you were right, i did some averaging positions in my entry levels after there was a valid reaction which is engulf itself, so in my System Operating Procedure (SOP) Trading Systems, i will touch trade first after reading the whole story of price in multi TF analysis, And then, after it was triggered, i will wait for the confirmation to do reentry (averaging/scalling in), in my SOP i will risk for about 30-50% from my equity. I have some SOP, manage several accounts, every account have their own objectives, so every account have their own SOP and risk management.
Thank you bro
- #7,151
- Feb 8, 2021 1:27am Feb 8, 2021 1:27am
{quote} Hallo mate, nice to see trader also from my homeland in this forum, this is my first shared in this forum, i am a new member and just joined for about few days ago, since 2018 i was just read all the content of "readthemarket supply and demand with price action forum". This forum had interested me because personally i am one of If Myante's admirer, i do admire his point of view about psychology behind the price movement. And indeed after a long journey of journaling and learning process from his method, i have never doubt about any decision...
Good thing the first method you learned was RTM. My first year was wasted by learning indicators etc lol.
Im glad you have got the confidence for placing entries. I have made progress in spotting setups but sometimes psychology really make it hard to take trades.
You risk 30-50% per trades? thats some huge chunk of account that would absolutely make me piss my pants if i ever do that. I only risk 0.5% per trade since im aiming to make 10% per month and grow it by compounding.
great job still, keep sharing setups here if you dont mind
Ask, and it is given. Every single time, no exceptions.
