ReadtheMarket - Supply and Demand with Price Action

Quoting ahdat

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gold {image}

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Quoting beefStew

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{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}

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Quoting beefStew

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{quote} another example. missed the trade because i waited at the red origin, but it turned inside the yellow FL, which is the symmetry for the green FL {image}

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Quoting ahdat

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{quote} i guess you can consider that symmetry, mmm i would consider that an LS. I dont know how IF describes it exactly. but whatever they're just definitions {image}

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Quoting benadil

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{quote} symmetry is the bouncing of price from rs or left shoulders, but price doesnt bounce to the pip to rs or ls because it actually bounces to decision points inside the kink there were two decison points inside your kink, either combine the two and put the stop loss below the lower one , or put the stop below each one , you decided to wait for the mpl, thats too an option, it depends on the risk on trade you want to take. {image}

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Quoting ahdat

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{quote} i guess you can consider that symmetry, mmm i would consider that an LS. I dont know how IF describes it exactly. but whatever they're just definitions {image}

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Quoting ahdat

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{quote} i guess you can consider that symmetry, mmm i would consider that an LS. I dont know how IF describes it exactly. but whatever they're just definitions {image}

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Quoting beefStew

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{quote} 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. {image}

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Quoting Enlightenme

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{quote} Hi beefstew. Ive been trading crypto for the past month except for the past week. I focused on crypto because less candles to look at. Anyway, in the past, Ive gotten into trades in which I saw an ENG down and placed my SL beyond all time high and there were times it didn't work so I can only conclude that we can't be sure or use as origin the all time high.

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Quoting nizent

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{quote} 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...

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Quoting nizent

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{quote} From when you believe symmetry?

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Quoting beefStew

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{quote} Hey mate, So you mean since it is the all time high, we dont know if that high already reach its target or not right? Because i meant the same. I rarely trade crypto, but on that particular setup i couldnt take it because the all time high might still got FOed since we dont know what it reacted from, it might as well in the middle of no where in HTF. Btw, how less candles help you trade? Isnt it mean less information so you cant make much decision? When its all time high like this you just look for buy?

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Quoting ahdat

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maybe could fakeout lower {image}

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Quoting beefStew

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{quote} Oh great, thats gold right? i also have a similar zone on gold, will wait for confirmation to buy. The drop now is very strong though, and it might have respected something on the last high. Might got ignored? {image}

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Quoting fdx

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{quote} For me also it took more than 4 years. It depends on the person.. Don't worry. It will come to you. Get your eyes familiar with charts. It will become easy when you practise every minute you get a free time. Yes not every FTR works always. You have to find FLs which break important levels, then which are clean (that means the price didnt yet come to pick that FL). BTW yellow, orange, red badges mean nothing. They are just given based on the impact they have made on each thread or based on the number of followers they have. Do your own research...

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Quoting AnotherDay

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Missed train LOVE this method but still learn more {image}

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Quoting nizent

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{quote} RTM isn't just QM. But the chart I tell you is about something so called "to the pip". Once I see it from IF's chart and on with my own chart. I believe that if I can't find certainty on my trading then I need to learn more. Source of knowledge: RTMA free videos rtmacademy.com (try to find it) Youtube channel: readthemarketdotcom the5%ers (old videos) {image}

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