ReadtheMarket - Supply and Demand with Price Action | Page 359 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Readthemarket (Ifmyante) - Is it legit stuff or not? 19 replies

Price Will Tell - Supply/Demand Price Action Trading 1,858 replies

Price Action + Demand & Supply Zone + Money Management 0 replies

Price movement as a function of Supply and Demand 43 replies

Suppy, Demand and Price Action 28 replies

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

ReadtheMarket - Supply and Demand with Price Action

  • #7,161
  • Feb 11, 2021 6:03am Feb 11, 2021 6:03am
Quoting nizent
{quote} Hi, How many times your FL Engulfed trading fail? Please, I just need confirmation that I am not alone....
Until you are comfortable trading the method I will suggest not trading on live account. Many times when trade fail it is because of improper analysis due to psychological issues or not properly understanding the method.

In response to your question i think it is important to note that engulf of FL is only an indication that price wants to see the next zone, and it is up to the trader to figure out where price can retrace too, where there are clean orders or where tricks can be played. Remember this is not some pattern trading.
This is just as important as the engulf. IMO if you get 50% win rate with these crazy RRs you are still very profitable.
No Bias
  • #7,162
  • Feb 12, 2021 5:35am Feb 12, 2021 5:35am
gold
Attached Image (click to enlarge)
Click to Enlarge Name: GC-202104-NYMEX.2021-02-12 11_26_12.244.png Size: 36 KB
RIP RTM - long live Nonsense Trading
  • #7,163
  • Feb 12, 2021 6:21am Feb 12, 2021 6:21am
US500
Attached Image (click to enlarge)
Click to Enlarge Name: ES-202103-GLOBEX.2021-02-12 12_09_11.720.png Size: 21 KB
RIP RTM - long live Nonsense Trading
  • #7,164
  • Feb 12, 2021 6:33am Feb 12, 2021 6:33am
Quoting ahdat
gold {image}
Hallo Ahdat, thanks for shared, this is my point of view
Attached Image (click to enlarge)
Click to Enlarge Name: Ahdat1.png Size: 64 KB
  • #7,165
  • Feb 12, 2021 6:54am Feb 12, 2021 6:54am
oil

Attached Image (click to enlarge)
Click to Enlarge Name: CL-202103-NYMEX.2021-02-12 12_42_13.124.png Size: 18 KB
RIP RTM - long live Nonsense Trading
  • #7,166
  • Feb 12, 2021 7:51am Feb 12, 2021 7:51am
Quoting dami.gading
{quote} Hallo Ahdat, thanks for shared, this is my point of view {image}
looks good, here's the actual kink
Attached Image (click to enlarge)
Click to Enlarge Name: GC-202104-NYMEX.2021-02-12 13_49_44.909.png Size: 14 KB

and here's a upcoming lvl if you trade gold


Attached Image (click to enlarge)
Click to Enlarge Name: GC-202104-NYMEX.2021-02-12 13_50_48.720.png Size: 13 KB
RIP RTM - long live Nonsense Trading
  • #7,167
  • Edited 1:28pm Feb 12, 2021 12:23pm | Edited 1:28pm
Quoting fdx
{quote} And, the story around CP is, that orders getting consumed and swapping IT orders. If the last barrier(FL/target, 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.
Hehe,
Now I admit that I made this stuff more complicated.
Not the opportunity. It is just me who don't know about how to trade it.
Now when I look at my chart, it is just different thing. And very clear.

Yeah RTM is simply just FL Engulfed FTR with additional FL Ignored that actually is QM.

Please ignore all my charts here, cause I don't really want to share something. And many many years before, my chart is just newbie's chart.

It is a good idea to listen some people here who have badge (yellow, orange, red). Not me ofcourse.

Bad news is,
Not every FTR works flawlessly.
You must know how to define where is good and where is not.

Whatever your trading is. Whoever your teachers are.
Hardwork is virtue.

Ah yes,
Not every FL Ignored a.k.a QM works flawlessly.
Just the same.
Cause what?
Cause QM is FTR trade too, but sometimes able to gives you additional entry that becomes so called touch trade.

And another additional is iQM.
That is touch trade too that explained well by Ahdat.
But I am just someone who can't share something very generously.

I guess just me who need 4 years to understand this simple thing.
Ah... Too bad for me.
  • #7,168
  • Edited 12:50pm Feb 13, 2021 10:31am | Edited 12:50pm
s
Quoting ahdat
gold {image}
so ahdat do you touch trade kinks based on:

freshness and the importance of the their respective left shoulders
and {(approach pa (fakeout ftr,bsz,cp,cplQ,momentum breakout candels) or (engulf reaction+retrace,strong reaction+cancan)}

the reaction pa is quite rare, as it is rare to find perfect free space, as well as for the cancan to happen.

when there is free space the target is clear, when touch trading we expect price to fill ranges with the first target the first flag on approach.

so do you agree with the above statements ?
thanks
  • #7,169
  • Feb 13, 2021 10:37pm Feb 13, 2021 10:37pm
Quoting benadil
s{quote} so ahdat do you touch trade kinks based on: freshness and the importance of the their respective left shoulders and {(approach pa (fakeout ftr,bsz,cp,cplQ,momentum breakout candels) or (engulf reaction+retrace,strong reaction+cancan)} the reaction pa is quite rare, as it is rare to find perfect free space, as well as for the cancan to happen. when there is free space the target is clear, when touch trading we expect price to fill ranges with the first target the first flag on approach. so do you agree with the above statements ? thanks
i dont even know how to explain it anymore. At some point you can just a look and have a gut feel for it. theres all differnt kinds of variations and combinations of rtm abberviations to try to figure out the last order. Usually there's a trick and/or transactional flip involved. if the last orders are clear then i can just leave a po. if not then ill wait for confirmation.

yes well structured reversals are fairly rare, esp in higher tfs. They're worth waiting for if you have the patience and mental fortitude. There can be a bunch in the lower tf, but there's more you have to put together to avoid false reads or being on the wrong side of a higher tf move.

I dont think in terms of filling ranges. I just know if there's a clear target, price wants to go there at some point. Sometimes you can tt, sometimes you have to wait for a reversal.
RIP RTM - long live Nonsense Trading
  • #7,170
  • Feb 13, 2021 11:52pm Feb 13, 2021 11:52pm
Quoting ahdat
{quote} i dont even know how to explain it anymore. At some point you can just a look and have a gut feel for it. theres all differnt kinds of variations and combinations of rtm abberviations to try to figure out the last order. Usually there's a trick and/or transactional flip involved. if the last orders are clear then i can just leave a po. if not then ill wait for confirmation. yes well structured reversals are fairly rare, esp in higher tfs. They're worth waiting for if you have the patience and mental fortitude. There can be a bunch in the...
Hai Ahdat, i am interested about the term of filling range, price will always fill the range which they have been left behind on purpose (part of accumulation/manipulation phase), for me, it is "the best level of price", but the problem is, price oftenly after a clear of PA setups (even with engulf PA), price seems didn't want to take those best level of price yet (which they have been left before), they often back again to our entry level before they make decision to bring price to that best level of price, in this case, its up to us, if we want to closed partial or closed all and reentry again (because the PA was clear). I still have some difficulties to understand psychology behind this kind of reaction, i do believe in "simetry of price in PA" but my trading psychology needs to learn how to manage proper target. Cause very often i have to experience a lot time of floating (after plus float in lot of pips), price came back to my entry level
  • #7,171
  • Feb 14, 2021 1:59am Feb 14, 2021 1:59am
Quoting dami.gading
{quote} Hai Ahdat, i am interested about the term of filling range, price will always fill the range which they have been left behind on purpose (part of accumulation/manipulation phase), for me, it is "the best level of price", but the problem is, price oftenly after a clear of PA setups (even with engulf PA), price seems didn't want to take those best level of price yet (which they have been left before), they often back again to our entry level before they make decision to bring price to that best level of price, in this case, its up to us, if...
I don’t think of “filling the range” so where I think of last orders may be different from you. After an engulf, when price is retracing, it might whip back and forth as it hits every clean order, with tricks until it gets to the best level. Sometimes it doesn’t. We have no way of knowing, we can only react as price structure builds. If you want to have less stress while trading, only trade at the best levels. You might miss out on trades, and that might be frustrating. So it just depends on you. I mostly just wait at the best levels (or near it) now. If it’s not at the best levels, I move my stop or close some out. If I am at the best level, I’m more willing to just let it run to target.
RIP RTM - long live Nonsense Trading
  • #7,172
  • Feb 14, 2021 5:21pm Feb 14, 2021 5:21pm
Quoting nizent
CanCan {image}
I guess every I post means this thread more polluted by me.
Sorry.
I'm not RTMer that's why.

So this is not CanCan anyway.
It is just CP consuming the order.

CanCan is something makes us able to get on board twice.
The pattern is;
First is liquidity gap
Second is Flaging/CPing
Third is entry point.

You know I'm still learning hehehhe....
  • #7,173
  • Edited 3:52am Feb 15, 2021 12:26am | Edited 3:52am
Hi people

Just found this set up on Bitcoin/USD.. Looks like a nice engulf so we have PA. I'd love some feedback on possible entry and targets.



Cheers guys.
Attached Image (click to enlarge)
Click to Enlarge Name: BTCUSD 15m.jpg Size: 205 KB
  • #7,174
  • Feb 15, 2021 1:38am Feb 15, 2021 1:38am
Quoting ahdat
just ran into this. its the same pattern/move as the gold trade, but the meaning is completely different after you put together the pieces. {image}
Do you mean that QM level?
  • #7,175
  • Feb 15, 2021 12:57pm Feb 15, 2021 12:57pm
Undoubtedly, I am influenced by Mr. IF. 2012 and I always admire him....Let's be together and for each other and promise that money will never leave a distance between us ...... and we will always do the right thing ..... Take your time to study and think ..... Do not divide others into good and bad.......Anyone who teaches me a sentence, I will thank him forever...We have little time to be together and live .... I wish we could help each other ...AV
Attached Image (click to enlarge)
Click to Enlarge Name: photo_--_-- (5).jpg Size: 356 KB
  • #7,176
  • Feb 15, 2021 1:27pm Feb 15, 2021 1:27pm
https://t.me/ttrraaddeerr
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1.png Size: 23 KB
  • #7,177
  • Feb 15, 2021 1:28pm Feb 15, 2021 1:28pm
Attached Image (click to enlarge)
Click to Enlarge Name: BTCUSD 15m...jpg Size: 223 KB

Here we go
  • #7,178
  • Edited 11:10pm Feb 15, 2021 9:22pm | Edited 11:10pm
Quoting StarKing
{image} Here we go
your data seems different than mine.i dont have that gap on bitcoin.
there is another origin above your entry zone, and since we already had another engulf down for confirmation i think we can touch trade this green zone.
but this is an all time high for bitcoin so i dont know what our high reacted from. it could get FOed too.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2021-02-16-10-17-37-21.jpg Size: 631 KB
Ask, and it is given. Every single time, no exceptions.
  • #7,179
  • Feb 15, 2021 9:34pm Feb 15, 2021 9:34pm
Quoting dami.gading
{quote} Hai Ahdat, i am interested about the term of filling range, price will always fill the range which they have been left behind on purpose (part of accumulation/manipulation phase), for me, it is "the best level of price", but the problem is, price oftenly after a clear of PA setups (even with engulf PA), price seems didn't want to take those best level of price yet (which they have been left before), they often back again to our entry level before they make decision to bring price to that best level of price, in this case, its up to us, if...
can you elaborate more on symmetry?
for symmetry i usually look for the FL that got engulfed and take its high/low as the LS to find the LSK, then i use the LSK for entry, like this:
Attached Image (click to enlarge)
Click to Enlarge Name: 1.PNG Size: 36 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 2.PNG Size: 15 KB
Ask, and it is given. Every single time, no exceptions.
  • #7,180
  • Feb 15, 2021 10:32pm Feb 15, 2021 10:32pm
Quoting beefStew
{quote} can you elaborate more on symmetry? for symmetry i usually look for the FL that got engulfed and take its high/low as the LS to find the LSK, then i use the LSK for entry, like this: {image} {image}
Mantap jiwa!!!

Just kidding

Bye guys.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_2021-02-16-11-31-01-843_net.metaquotes.metatrader4.jpg Size: 416 KB
Click to Enlarge Name: Screenshot_2021-02-16-11-30-18-902_net.metaquotes.metatrader4.jpg Size: 410 KB
Click to Enlarge Name: Screenshot_2021-02-16-11-29-03-871_net.metaquotes.metatrader4.jpg Size: 374 KB
2 traders viewing now