Attachments: ReadtheMarket - Supply and Demand with Price Action

ReadtheMarket - Supply and Demand with Price Action

Post #7,581
Quote
Jul 25, 2022 10:30am Jul 25, 2022 10:30am

kumaramy
Joined May 2011 | Status: Member | 1,374 Posts

Attached Image (click to enlarge)

Click to Enlarge

Name: screenshot.png
Size: 19 KB

-milkeyway

Post #7,582
Quote
Aug 4, 2022 3:49am Aug 4, 2022 3:49am

Totro
| Joined Sep 2016 | Status: Member | 7 Posts

Quoting kumaramy

Disliked

{image}

Ignored

Hi Kuma!

Here's my analysis, is it correct?

Attached Image (click to enlarge)

Click to Enlarge

Name: screenshot.png
Size: 9 KB

Post #7,583
Quote
Aug 4, 2022 5:25am Aug 4, 2022 5:25am

kumaramy
Joined May 2011 | Status: Member | 1,374 Posts

Quoting Totro

Disliked

{quote} Hi Kuma! Here's my analysis, is it correct? {image}

Ignored

Looks good but also keep in mind compression and mark it.

-milkeyway

Post #7,584
Quote
Aug 4, 2022 5:20pm Aug 4, 2022 5:20pm

Totro
| Joined Sep 2016 | Status: Member | 7 Posts

Quoting kumaramy

Disliked

{quote} Looks good but also keep in mind compression and mark it.

Ignored

Compression is crazy stuff, basically the chart is full of them. I marked a few, the blue one is the major one, right?

Attached Image (click to enlarge)

Click to Enlarge

Name: screenshot.png
Size: 10 KB

Post #7,585
Quote
Aug 4, 2022 6:44pm Aug 4, 2022 6:44pm

Frag8383
Joined Oct 2018 | Status: Member | 455 Posts

Quoting Totro

Disliked

{quote} Compression is crazy stuff, basically the chart is full of them. I marked a few, the blue one is the major one, right? {image}

Ignored

How do you define them, have you got a systematic way to look for them?

Post #7,586
Quote
Aug 4, 2022 7:51pm Aug 4, 2022 7:51pm

Totro
| Joined Sep 2016 | Status: Member | 7 Posts

Quoting Frag8383

Disliked

{quote} How do you define them, have you got a systematic way to look for them?

Ignored

Page 114 explains compression better than I ever could, but basically price continues to touch supply/demand

Post #7,587
Quote
Aug 5, 2022 1:47am Aug 5, 2022 1:47am

kumaramy
Joined May 2011 | Status: Member | 1,374 Posts

Quoting Totro

Disliked

{quote} Compression is crazy stuff, basically the chart is full of them. I marked a few, the blue one is the major one, right? {image}

Ignored

Yes. The blue one I was expecting.

-milkeyway

Post #7,588
Quote
Aug 10, 2022 3:05pm Aug 10, 2022 3:05pm

Totro
| Joined Sep 2016 | Status: Member | 7 Posts

I might start posting trades

Attached Image (click to enlarge)

Click to Enlarge

Name: screenshot.png
Size: 7 KB

Post #7,589
Quote
Aug 10, 2022 9:02pm Aug 10, 2022 9:02pm

benadil
| Joined Nov 2012 | Status: Member | 171 Posts

Quoting ahdat

Disliked

Also a question about origin. To me origin is just at the beginning of the move, where the move started from. There's more details but thats the main thing. Using another nice structure from spx, see if we waited patiently at the origin of that last move (rather than trading at the middle), we're rewarded with a very obvious qm. Then it creates an FTR, and we can see where a good entry point is for the edge of the ftr. Of course price doesnt always go to the origin. sometimes it zoom zooms and you miss out on the trade. BUt your life will be alot...

Ignored

do you touch trade the origin of the move or you wait for some confirming pa on approach(BSZ ,CP,CPLQ) and /or reaction pa (lower time frame engulf+retrace to the origin).?

my second question is that how do you deal with news events do you leave your pending orders or you avoid trading around major news events?

thanx

Post #7,590
Quote
Aug 14, 2022 5:27am Aug 14, 2022 5:27am

Farzox
| Joined Jun 2022 | Status: Junior Member | 2 Posts

Quoting rtm-Mathieu

Disliked

{quote} hello man ... you send me massage for contact here is my email: [email protected] ("[email protected]")

Ignored

hi bro I text you in email ... its فرزاد.
with regards

Post #7,591
Quote
Aug 17, 2022 2:26am Aug 17, 2022 2:26am

ahdat
Joined Jan 2017 | Status: Member | 403 Posts

Quoting benadil

Disliked

{quote} do you touch trade the origin of the move or you wait for some confirming pa on approach(BSZ ,CP,CPLQ) and /or reaction pa (lower time frame engulf+retrace to the origin).? my second question is that how do you deal with news events do you leave your pending orders or you avoid trading around major news events? thanx

Ignored

i would put a pending order at an origin if everything looks right. this means a lot of things. clear engulf of clear fl, clear target, good structure at origin with obvious place for entry, etc... if i was more patient, this is all i would trade, but things like this dont set up every day in higher tf (esp in non US hours). you can try to find this in lower timeframes, but its hard to execute for me. if im not so sure, i'd wait for some kind of confirmation. approach or ltf reversal. lately my reading has been very good and i would be better off being more aggressive with POs. but aggressiveness can easily cause overconfidence, which in turn leads back to bad reading.

I might try to get in on a move before the news if it looks like price is setting up for it. i dont like to actually buy on news. If you catch it, you usually get a bad fill. If you get it wrong, it could be very costly, especially with small zones. i think the biggest lost ive had on news is 8r, because my zone was so small and the whipsaw was so large. not worth it for me. better to be patient and let the move play out. if you miss it, thats ok. dont let that get you frustrated.

RIP RTM - long live Nonsense Trading