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ReadtheMarket - Supply and Demand with Price Action

  • #7,241
  • Mar 4, 2021 4:34am Mar 4, 2021 4:34am
Hi Traders,
You are welcome to watch this 2 minute video. Here is video for Rectangle extender tool for MT5: https://www.youtube.com/watch?v=a6awRq3-rNI
  • #7,242
  • Mar 5, 2021 5:39am Mar 5, 2021 5:39am
Quoting beefStew
{quote} Hey mate, So that EJ was intentionally missed by the IT? I also marked that one and i thought its just another trade i missed. How do we figure out which ones is intentionally missed and which ones are my mistakes? {image} Also on EU, i have a similar trade which i was hoping for an FO of a high but it just respected that high and dropped. Would like to see your view about it {image} Thanks!
Not Fxyogi but this is my view
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No Bias
  • #7,243
  • Mar 5, 2021 5:58am Mar 5, 2021 5:58am
Quoting fdx
This is a chart marked yesterday, I wasnt sure if this is an engulf or not..Definitely it is an engulf in TFs lower than 1min. A perfect QM that worked today. {image}
Orange FTR for me was engulfed but price hit the kink of failed QM level, so not a useful engulf imo
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No Bias
  • #7,244
  • Mar 5, 2021 8:54am Mar 5, 2021 8:54am
Quoting imoveit
{quote} Orange FTR for me was engulfed but price hit the kink of failed QM level, so not a useful engulf imo {image}
Did you go to lower LTFs other than 1 min to check the kink? I have a candle there, so I cannot mark the correct FL there.
  • #7,245
  • Mar 5, 2021 9:33am Mar 5, 2021 9:33am
are there any traders here watching the crude oil? Now it returns to the zone that if myante made the giga profit last year...
  • #7,246
  • Mar 5, 2021 9:56am Mar 5, 2021 9:56am
Quoting fdx
{quote} Did you go to lower LTFs other than 1 min to check the kink? I have a candle there, so I cannot mark the correct FL there.
No, I marked the entire 1min candle there.
No Bias
  • #7,247
  • Mar 5, 2021 11:39am Mar 5, 2021 11:39am
Quoting imoveit
{quote} Not Fxyogi but this is my view {image}
For me potential FO only happen at Decision Point

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  • #7,248
  • Mar 5, 2021 1:57pm Mar 5, 2021 1:57pm
Hi,guys. Nice to see you here. I would like to do a little work on crude oil. please discuss and correct me. thank you very much.
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  • #7,249
  • Mar 5, 2021 4:20pm Mar 5, 2021 4:20pm
Quoting alessandro20
Hi,guys. Nice to see you here. I would like to do a little work on crude oil. please discuss and correct me. thank you very much. {image}
Here is my view alessandro. I see a QM pattern that looks destined to fail on that monthly timeframe.
In that DP, we are close to taking out those two highs and the stops above them so we may get a little retracement after those highs are taken. Difficult to say if that will happen before the DP is breached or after, but I will be looking for cap in price from where I can sell in the short term. We have a nice compressive approach as well which makes a sell all the more likely in the short term.
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No Bias
  • #7,250
  • Mar 5, 2021 5:29pm Mar 5, 2021 5:29pm
Quoting imoveit
{quote} Here is my view alessandro. I see a QM pattern that looks destined to fail on that monthly timeframe. In that DP, we are close to taking out those two highs and the stops above them so we may get a little retracement after those highs are taken. Difficult to say if that will happen before the DP is breached or after, but I will be looking for cap in price from where I can sell in the short term. We have a nice compressive approach as well which makes a sell all the more likely in the short term. {image} {image}
thanks imoveit，good reading。。。 let us keep looking it。。
  • #7,251
  • Mar 9, 2021 2:57am Mar 9, 2021 2:57am
Qml_FL+ dp...
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  • #7,252
  • Mar 10, 2021 8:28pm Mar 10, 2021 8:28pm
since everyone is talking about oil...
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there's a 3 tick zone in there thats easy enough to find
RIP RTM - long live Nonsense Trading
  • #7,253
  • Mar 15, 2021 9:32pm Mar 15, 2021 9:32pm
Quoting ahdat
since everyone is talking about oil... {image}there's a 3 tick zone in there thats easy enough to find
Did you take that? i was waiting for that red rectangle on your chart to be FOed, but i didnt get confirmation. now we also had another chance to enter just recently.

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Ask, and it is given. Every single time, no exceptions.
  • #7,254
  • Mar 21, 2021 7:20am Mar 21, 2021 7:20am
Past two weeks winner - 15.3R

Winners- GJ- 4R
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NJ- 3R

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AJ-4R
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EG-2.3R
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GN-2R
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  • #7,255
  • Mar 21, 2021 7:35am Mar 21, 2021 7:35am
Losers 4R
AUDCAD-1R
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NZDCAD-1R
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NJ-1R

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UCHF- 1R

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  • #7,256
  • Mar 21, 2021 7:45am Mar 21, 2021 7:45am
All trades were taken with Eng signal. its easy to find where it happened from the trading view chart i posted. No need to spoon feed. Trading view is for just analyzing. Trades were taken in IBKR.

There will be losers. Sometimes continuous streaks. AUCAD and NZDCAD and NJ were my continuous losers but i dint lose my mental balance .
We cant be arrogant to say where price will go next even though we know the highly likelihood. Sometimes our reading also can be wrong.
i hope studying these charts will help you guys.

Those who clever enough may find most of the trades were taken after the FO the last high or low.

15.3R-4R=11.3R Net RR
  • #7,257
  • Mar 21, 2021 7:52am Mar 21, 2021 7:52am
Anyone trades with IC markets friends? . Are they good for big accounts? Anyone bothered to feedback.
  • #7,258
  • Mar 21, 2021 8:07am Mar 21, 2021 8:07am
Received many messages from our friends here . Sorry for not replying. I don't have skill or time to teach anything. In fact I'm also a learner. My learnings all i put in my charts. I have hidden few things because its my edge my friends hope you all understand. But if you closely dig my charts you also can find what is hidden. But its not Holygrail . Just my extra edge that's all. Many of you i have seen has good readings and capable to become success. But problem is

1.You all put very tight stops so dont have time to think even if your reading is wrong.

2.Trading 1 min charts you must be quick enough. But more than 15mins you have enough time to think than 1min . more stable in terms of emotion.

3.Follow a RR plan. and note down no of trades were taken and how many won I use Edgewonk for my journal it can analyze my performance and let me know what is my tilt.I encourage everyone to explore one of the journal software and journal everything

4.When you lose , you need to analyze why u lost and how do u modify your reading.

Hint- FL engulf and origin has to be same scale . Think logically engulf happened in seconds/ticks FL from H4 FL, is the trade valid??. This is enough for today for those close enough.
  • #7,259
  • Edited 3:02am Mar 22, 2021 2:42am | Edited 3:02am
Quoting Fxyogi
Anyone trades with IC markets friends? . Are they good for big accounts? Anyone bothered to feedback.
They were one of my favorit brokers for years, and works just fine but last year in December leverage change regulations for EU traders had to change to their Seychelles company regulated Raw Trading Ltd. ... as it is not anymore AU regulated is not that safe anymore but it is probably better than many no names out there ... Hope it helps U a bit in case of any q feel free to PM me.
  • #7,260
  • Mar 22, 2021 6:40am Mar 22, 2021 6:40am
Quoting Amcee
{quote} They were one of my favorit brokers for years, and works just fine but last year in December leverage change regulations for EU traders had to change to their Seychelles company regulated Raw Trading Ltd. ... as it is not anymore AU regulated is not that safe anymore but it is probably better than many no names out there ... Hope it helps U a bit in case of any q feel free to PM me.
Thanks Amcee. Seychelles regulation is what bothering a bit. Anyway i will try with small account first and see .
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