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ReadtheMarket - Supply and Demand with Price Action

  • #7,561
  • Edited 5:58am Jul 11, 2022 5:41am | Edited 5:58am
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-milkeyway
  • #7,562
  • Jul 11, 2022 5:43am Jul 11, 2022 5:43am
Quoting charvo
oh you stupid fk...... still so many are running in circles here....... don't you feel it??? RUNNING IN CIRCLES!... saying rtm is shit is not justified... but rtm is shit for rtm boasting this piece (of many to make it) as the holygrail, which is also the reason you (and me before) cannot make it. you have to sit back and understand the market/vehicle, in a fundamental manner these qm, rp, last pip level shit are really really, only the supporting tool when you fight in the market-battle... don't waste time here...learn the concept, and move on......
Looking at my chart markings, don't you think that price action is perfect?
-milkeyway
  • #7,563
  • Jul 12, 2022 4:41am Jul 12, 2022 4:41am
Quoting kumaramy
{quote} Looking at my chart markings, don't you think that price action is perfect?
i dont fully understand what you are trying to show? can you explain?
RIP RTM - long live Nonsense Trading
  • #7,564
  • Jul 12, 2022 4:52am Jul 12, 2022 4:52am
Quoting ahdat
{quote} i dont fully understand what you are trying to show? can you explain?
If you have studied the RTM concepts then you should know what I have marked on chart. I have marked very few things. Mostly compression (showed by dashed lines), caps on price including ignored caps on price (showed using rectangles), quasimodo, etc.
-milkeyway
  • #7,565
  • Jul 12, 2022 5:02am Jul 12, 2022 5:02am
Quoting kumaramy
{quote} If you have studied the RTM concepts then you should know what I have marked on chart. I have marked very few things. Mostly compression (showed by dashed lines), caps on price including ignored caps on price (showed using rectangles), quasimodo, etc.
so some price structure? how does this equate to trades?
RIP RTM - long live Nonsense Trading
  • #7,566
  • Jul 12, 2022 5:10am Jul 12, 2022 5:10am
Quoting ahdat
{quote} so some price structure? how does this equate to trades?
The marking I have done is about the price movement story. There are many places on the chart where you can trade with a good R:R ratio. Such as Quasimodo level.
-milkeyway
  • #7,567
  • Jul 12, 2022 5:13am Jul 12, 2022 5:13am
Quoting kumaramy
{quote} The marking I have done is about the price movement story. There are many places on the chart where you can trade with a good R:R ratio. Such as Quasimodo level.
shorting at the qm level with a stop above?
RIP RTM - long live Nonsense Trading
  • #7,568
  • Jul 12, 2022 5:15am Jul 12, 2022 5:15am
Quoting ahdat
{quote} shorting at the qm level with a stop above?
Yes. But it is recommended that your stop should be above the true supply decision level where QM is formed.
-milkeyway
  • #7,569
  • Jul 12, 2022 5:22am Jul 12, 2022 5:22am
Quoting kumaramy
{quote} Yes. But it is recommended that your stop should be above the true supply decision level where QM is formed.
ok i see
RIP RTM - long live Nonsense Trading
  • #7,570
  • Jul 12, 2022 6:17am Jul 12, 2022 6:17am
Quoting ahdat
{quote} ok i see

https://youtu.be/oLZFm2GhN-Y
-milkeyway
  • #7,571
  • Jul 12, 2022 6:50am Jul 12, 2022 6:50am
Quoting kumaramy
{quote} https://youtu.be/oLZFm2GhN-Y
thanks im familiar with the video. i was trying to get a more interesting conversation going. curious, based on your markups, where would you have made trades (even if it failed)
RIP RTM - long live Nonsense Trading
  • #7,572
  • Jul 12, 2022 8:04am Jul 12, 2022 8:04am
Quoting ahdat
{quote} thanks im familiar with the video. i was trying to get a more interesting conversation going. curious, based on your markups, where would you have made trades (even if it failed)
I would have trade or have TP where the rectangles are marked
-milkeyway
  • #7,573
  • Jul 12, 2022 12:44pm Jul 12, 2022 12:44pm
QM levels as well as 3Drive, compressions are sometimes, are all patterns that are formed at the "right" input levels. Nothing more.
Price always does the same things
  • #7,574
  • Jul 12, 2022 1:04pm Jul 12, 2022 1:04pm
Compressions in itself or lead to the right level or ignore it. They are created to pretend trends or other to fuck the trends followers etc. In the previous message I meant that there are various patterns that are formed near the institutional levels and these are 3Drive, cancan etc. Sorry I expressed myself badly
Price always does the same things
  • #7,575
  • Jul 13, 2022 9:38am Jul 13, 2022 9:38am
Wrote my own script to draw different type of chart
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-milkeyway
  • #7,576
  • Jul 14, 2022 4:18am Jul 14, 2022 4:18am
Can someone explain to me why this setup failed?
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  • #7,577
  • Jul 14, 2022 9:34am Jul 14, 2022 9:34am
Quoting Totro
Can someone explain to me why this setup failed? {image}

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-milkeyway
  • #7,578
  • Jul 14, 2022 9:42am Jul 14, 2022 9:42am
Quoting Totro
Can someone explain to me why this setup failed? {image}
Long story short this was not engulfing.
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  • #7,579
  • Jul 14, 2022 10:10am Jul 14, 2022 10:10am
Quoting Totro
Can someone explain to me why this setup failed? {image}

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-milkeyway
  • #7,580
  • Jul 17, 2022 10:32pm Jul 17, 2022 10:32pm
Quoting Totro
Can someone explain to me why this setup failed? {image}
no engulf, although there are a couple other reasons i wouldn't take this
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RIP RTM - long live Nonsense Trading
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