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ReadtheMarket - Supply and Demand with Price Action

  • #7,681
  • Dec 17, 2022 8:11pm Dec 17, 2022 8:11pm
Quoting R78SD
Sell idea. {image}
Target hit after taking out previous high within same FTR
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  • #7,682
  • Dec 18, 2022 4:27am Dec 18, 2022 4:27am
what is news?
a catalyser for price to reach it's goal
Forever a Soldier
  • #7,683
  • Dec 18, 2022 6:59pm Dec 18, 2022 6:59pm
Quoting R78SD
{quote} Target hit after taking out previous high within same FTR {image}
brillant mate!
  • #7,684
  • Dec 19, 2022 6:38am Dec 19, 2022 6:38am
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  • #7,685
  • Dec 21, 2022 10:14am Dec 21, 2022 10:14am
Only 1.8 pips Drawdown on this USDJPY long trade with 44 pips Take Profit, so effective 25:1 RRR trade !
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  • #7,686
  • Dec 21, 2022 1:05pm Dec 21, 2022 1:05pm
Quoting TrAndy1
Only 1.8 pips Drawdown on this USDJPY long trade with 44 pips Take Profit, so effective 25:1 RRR trade ! {image}
Seems you were very lucky
  • #7,687
  • Dec 21, 2022 3:56pm Dec 21, 2022 3:56pm
Quoting TrAndy1
Only 1.8 pips Drawdown on this USDJPY long trade with 44 pips Take Profit, so effective 25:1 RRR trade ! {image}
roughly this was it... thanks mate.. its all important..
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  • #7,688
  • Dec 21, 2022 4:01pm Dec 21, 2022 4:01pm
Quoting TrAndy1
Nice catch on EURJPY short today with 27 pips DD and 102 pips gain, so 3.7R trade. {image}
keep posting mates.. im watching u ..lol.. i entry like this as well when im lazy or my eyes blurred.. great RR !
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  • #7,689
  • Edited 6:06pm Dec 21, 2022 4:52pm | Edited 6:06pm
Quoting TrAndy1
Only 1.8 pips Drawdown on this USDJPY long trade with 44 pips Take Profit, so effective 25:1 RRR trade ! {image}
btw rr is based on your stop + spread + commission, not drawdown. Those little things add up when trading small zones. this trade is probably closer to 5rr, which is still great!
RIP RTM - long live Nonsense Trading
  • #7,690
  • Dec 21, 2022 4:56pm Dec 21, 2022 4:56pm
Quoting muzani
{quote} roughly this was it... thanks mate.. its all important.. {image}
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maybe more like this, but since it was a trend certainly could have tried to taken it a new high
RIP RTM - long live Nonsense Trading
  • #7,691
  • Edited 8:44pm Dec 21, 2022 8:30pm | Edited 8:44pm
Quoting TrAndy1
Only 1.8 pips Drawdown on this USDJPY long trade with 44 pips Take Profit, so effective 25:1 RRR trade ! {image}
prica came back from that big kink in h4 and you buy it in other direction base on a little kink even if u wanted to trade this area with the right sl u could get 1/7 r/r .
congragulate u r very luky
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Forever a Soldier
  • #7,692
  • Edited 10:30am Dec 27, 2022 10:10am | Edited 10:30am
there's not a lot of talk about tricks in this thread, which i always thought was the secret sauce to rtm stuff. i guess more people are catching on. some vids i found over the weekend. mix it in with rtm stuff and you'll be able to pick out tight entries. there are more variations of tricks than shown in these vids, but they seem to do a great job of explaining the overall mechanics of it

https://www.youtube.com/watch?v=T2gm3nx4eAU
https://www.youtube.com/watch?v=HyvQOZ3J28s
https://www.youtube.com/watch?v=UdzFEZfMo_E
RIP RTM - long live Nonsense Trading
  • #7,693
  • Dec 28, 2022 6:41am Dec 28, 2022 6:41am
GbpUSD
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  • #7,694
  • Dec 28, 2022 7:21am Dec 28, 2022 7:21am
So far I have not heard from any SMC trader who is doing really good for more than 2 years. That is I would like to know if there are some.

Anyone made a backtest over 15 years with SMC like indicators on Tradingview with Forextester or like, and had stellar results here ?

I mean the author of RTM style is radiosilent since a years already. He said that time for trading is not well spent than on life or holidays for him,
but I do not believe him. Because if you scaled up quickly with his tight Stoplosses he could manage to get like $ 100 million and then spend rest of life in luxury.
He said, he will come back to trading when he spent all his money. I think that is not a strong argument, because then you need to worry if you can still do it like before, than you have nothing left for trading because you already spent everything for life. That is why I am cautious here and need to ask other experienced SMC/ICT/RTM users if that is viable trading method to generate consistent results over more than just 2 years or so (from what I have heard) ?
  • #7,695
  • Dec 28, 2022 11:55am Dec 28, 2022 11:55am
https://theproptrader.co/2022/07/12/ict-smc-tradingview-indicators-with-htf-price-level-alerts-v2-0/

ICT SMC TRADINGVIEW INDICATORS & PRICE LEVEL ALERTS

ICT SMC TRADINGVIEW INDICATORS FOR:

  1. TRUE DAILY OPEN (TDO) TIME & PRICE
  2. US DATA 0830ET EMBARGO TIME & PRICE
  3. OPTIMAL TRADE ENTRY (OTE) WINDOW
  4. CBDR RANGE & STDV (FX)
  5. ASIA RANGE & STDV (FX)
  6. OVERNIGHT RANGE (INDICES)
  7. MONDAY RANGE
  8. LONDON & NY KILL ZONES (FX)
  9. AM & PM SESSION KILL ZONES (INDICES)
  10. HTF & LTF FVG
  11. HTF OPEN PRICE
  12. PDH/PDL, PWH/PWL, PMH/PML, PYH/PYL, 50% EQ
  13. NEW YORK LUNCH
  14. LONDON FIX
  15. CME CLOSE
  16. 4H HIGH & LOW
  17. 4H COUNTDOWN
  18. AVERAGE DAILY RANGE

PRICE LEVEL LIQUIDITY RAID ALERTS FOR:

  1. ASIA RANGE HL RAID (FX)
  2. OVERNIGHT RANGE HL RAID (INDICES)
  3. LONDON KILL ZONE HL RAID (FX)
  4. NY KILL ZONE HL RAID
  5. PDH/PDL RAID
  6. PWH/PWL RAID
  7. PMH/PML RAID
  8. PYH/PYL RAID
  9. AVERAGE DAILY RANGE MET
  10. DAILY OUTER BOLLINGER BAND MET

  • #7,696
  • Dec 28, 2022 6:02pm Dec 28, 2022 6:02pm
Quoting TrAndy1
https://theproptrader.co/2022/07/12/ict-smc-tradingview-indicators-with-htf-price-level-alerts-v2-0/ ICT SMC TRADINGVIEW INDICATORS & PRICE LEVEL ALERTS ICT SMC TRADINGVIEW INDICATORS FOR: TRUE DAILY OPEN (TDO) TIME & PRICE US DATA 0830ET EMBARGO TIME & PRICE OPTIMAL TRADE ENTRY (OTE) WINDOW CBDR RANGE & STDV (FX) ASIA RANGE & STDV (FX) OVERNIGHT RANGE (INDICES) MONDAY RANGE LONDON & NY KILL ZONES (FX) AM & PM SESSION KILL ZONES (INDICES) HTF & LTF FVG HTF OPEN PRICE PDH/PDL, PWH/PWL, PMH/PML, PYH/PYL, 50% EQ NEW YORK LUNCH LONDON FIX...
This thread is solely RTM method. I don't think we should be discussing other methods. In any case, the so-called SMC and ICT are not the same as RTM
  • #7,697
  • Edited 11:35am Dec 29, 2022 10:03am | Edited 11:35am
Quoting TrAndy1
So far I have not heard from any SMC trader who is doing really good for more than 2 years. That is I would like to know if there are some. Anyone made a backtest over 15 years with SMC like indicators on Tradingview with Forextester or like, and had stellar results here ? I mean the author of RTM style is radiosilent since a years already. He said that time for trading is not well spent than on life or holidays for him, but I do not believe him. Because if you scaled up quickly with his tight Stoplosses he could manage to get like $ 100 million...
trading technically is easy, but emotionaly is very hard, I have backtested SMC,RTM,Sapari,hanzo,... they work, the holy grail doesnt exist, you will have good winners, break even trades, and losses, sometimes streak of losses, the outcome of trades is random , you can have streak of losers , streak of winners and streak of break even trades, the key is to stay calm, patient, confident but not overconfident after streak of winning trades, and dont lose faith in the method after losing trades, easy said than done good luck
  • #7,698
  • Dec 30, 2022 5:36pm Dec 30, 2022 5:36pm
some moves that caught my eye in todays session
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confluence on the indexes

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weak reaction, maybe just take it for a scalp

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good setup, too bad it happened before the wknd

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only good to tg 1

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failure the other day. always be wary of trading against a major reversal or trend
RIP RTM - long live Nonsense Trading
  • #7,699
  • Jan 4, 2023 10:06am Jan 4, 2023 10:06am
Quoting TrAndy1
So far I have not heard from any SMC trader who is doing really good for more than 2 years. That is I would like to know if there are some. Anyone made a backtest over 15 years with SMC like indicators on Tradingview with Forextester or like, and had stellar results here ? I mean the author of RTM style is radiosilent since a years already. He said that time for trading is not well spent than on life or holidays for him, but I do not believe him. Because if you scaled up quickly with his tight Stoplosses he could manage to get like $ 100 million...
Because meanwhile you struggle to get more and more money doing more and more trading, you'll understand that nothing is worth more than time, even money, so you'll start lowering the mental money target and you'll start put targets of what makes you happy in life, and meanwhile life goes on, you'll understand more of what makes you feel alive and your money life target will become a secondary objective. Once you have money (a lot or not doesn't matter) maded by trading, and you can afford your passions by them, you can choose to reach the secondary objective with chill and clarovency or not.
IF doesn't, and choose healt and time instead of 100 mln. based on that (that is also the IF method of thinking, look at the interview), your question sound empty.
What IF do is refilling his pocket every time he needs, why you should worry about forgetting what you learnt? Are you afraid to forget how to speak every morning because in the night you didn't do that? or to *read because you didn't practice reading for a lot of time?* RTM (READ THE MARKET) is difficult to learn because once you learn it you should be able to read the market's words whenever you need and decide, just like reading.
Little tip, try instead of look, there's no shortcuts in trading, as in life, to reach success.
  • #7,700
  • Jan 6, 2023 2:11pm Jan 6, 2023 2:11pm
Two perfect entries on Gold recently. The first one was 22:1 RR, the second one was effective 25:1 RR.
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