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ReadtheMarket - Supply and Demand with Price Action

  • #7,701
  • Jan 7, 2023 7:26am Jan 7, 2023 7:26am
Quoting selfcontrol
I see a lot of you are caught up with my trades and trying to analyse them as some sort of key to success, but please do not do that. If you're reading this thread you're looking for RTM material and I am definitely not the one to look to for that. I've clearly strayed of the path and gone elsewhere given the feedback I've received after posting here. If you however feel like what I post and what you post are somewhat similar, do not hesitate to send me a messag and I will do my utmost to reply to you, because I have been and still am in a very...
Thank you for idea
  • #7,702
  • Jan 7, 2023 7:33am Jan 7, 2023 7:33am
Quoting selfcontrol
I see a lot of you are caught up with my trades and trying to analyse them as some sort of key to success, but please do not do that. If you're reading this thread you're looking for RTM material and I am definitely not the one to look to for that. I've clearly strayed of the path and gone elsewhere given the feedback I've received after posting here. If you however feel like what I post and what you post are somewhat similar, do not hesitate to send me a messag and I will do my utmost to reply to you, because I have been and still am in a very...
I've been following you for a long time, just understand. Thank you for idea.
  • #7,703
  • Jan 7, 2023 1:13pm Jan 7, 2023 1:13pm
Quoting TrAndy1
Two perfect entries on Gold recently. The first one was 22:1 RR, the second one was effective 25:1 RR.{image}
High R trades means you are using very tight stops, thats ok but you will be stopped out frequently , you need to be mentally strong to deal with streak of losses and seeing trades that stop you out but eventually go into your direction, the high R will cover your losing trades but just be mentally strong.
  • #7,704
  • Jan 8, 2023 12:50pm Jan 8, 2023 12:50pm
lets do some stops play
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Forever a Soldier
  • #7,705
  • Edited 8:19am Jan 11, 2023 4:54am | Edited 8:19am
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Forever a Soldier
  • #7,706
  • Edited 2:14pm Jan 13, 2023 4:40am | Edited 2:14pm
Had a beautiful trade today with EURUSD short. Only 1.1 pips in drawdown to capture 26 pips, so effective 24:1 RR trade, superb banked here. And I exited 3 pips earlier than planned, so with original target I would exit just 1 pip below the low here. So all in all an insane good trade.
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  • #7,707
  • Edited 10:12am Jan 13, 2023 7:55am | Edited 10:12am
Quoting TrAndy1
Had a beautiful trade today with EURUSD short. Only 1.1 pips in drawdown to capture 26 pips, so effective 24:1 RR trade, superb banked here. {image}
RR = TP / ( SL + fees). Drawdown has nothing to do with RR. Question is where was your stop? Nevertheless nice catch.
  • #7,708
  • Edited 8:41am Jan 13, 2023 8:17am | Edited 8:41am
Quoting KingBruceLee
{quote} RR = TP / SL. Drawdown has nothing to do with RR. Question is where was your stop? Nevertheless nice catch.
It has because I calculate the edge ratio, where the edge is. The edge ratio is calculated as MAE/MFE so max. adverse excursion versus max. favorable excursion so how much in went against me versus how much it advanced me. Because with this approach I can truly measure the ability to be great profitable. If you knew the RTM approach and watched the author his videos you would know it better, that it is all about having no drawdown, because he hates drawdowns. That is why this is the true measurement and nothing else. It is all about minimizing drawdowns. Even on author his charts he is calculating a RR of e.g. 40:1 from his drawdown when he entered.
  • #7,709
  • Jan 13, 2023 8:46am Jan 13, 2023 8:46am
To me these are 2 different things. So after how many pips in drawdown would you close the trade?
  • #7,710
  • Jan 19, 2023 5:31am Jan 19, 2023 5:31am
Beautiful entry with less than 0.5 pip drawdown, and then caught 18 pips profit, so effective 36:1 RR trade.
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  • #7,711
  • Jan 19, 2023 3:19pm Jan 19, 2023 3:19pm
This engulf tricked me. Can someone explain to me what went wrong?
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  • #7,712
  • Jan 19, 2023 10:25pm Jan 19, 2023 10:25pm
Quoting Totro
This engulf tricked me. Can someone explain to me what went wrong? {image}
i have to confess its hard to get this moves in live market
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Forever a Soldier
  • #7,713
  • Jan 20, 2023 9:24pm Jan 20, 2023 9:24pm
Quoting TrAndy1
Beautiful entry with less than 0.5 pip drawdown, and then caught 18 pips profit, so effective 36:1 RR trade. {image}
You did not risk 0.5 pips, so RR cannot 36:1. Feels good to have managed that little drawdown, but that's not what's used to calculate RR.
  • #7,714
  • Edited 8:04am Jan 22, 2023 7:34am | Edited 8:04am
Quoting TrAndy1
Beautiful entry with less than 0.5 pip drawdown, and then caught 18 pips profit, so effective 36:1 RR trade. {image}
if before taking the trade you decided to put your stop loss at 0.5 pips and your stop doesnt hit then yes your R will be 36 x your risk, but if you put your stop loss say 10 pips away which is still very tight your RR will be 1.8 or even around 1.5 if you count commissions, trade with 0.5pips stop loss and look how many times you will be stopped out from both good and bad trades, the reward on trade is based on the distance where the stop loss is placed not on the max drawdown since your entry, thats all what the members here tried to explain to you , anyway nice trades and good luck
  • #7,715
  • Edited 8:03am Jan 24, 2023 7:43am | Edited 8:03am
Great entry with only 2 pips drawdown (very nearly stopped out but luckily not) and then made +21 pips on EU long trade, so 10:1 RR trade based on its drawdown.
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  • #7,716
  • Jan 24, 2023 3:37pm Jan 24, 2023 3:37pm
back and forth, back and forth

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RIP RTM - long live Nonsense Trading
  • #7,717
  • Jan 24, 2023 4:02pm Jan 24, 2023 4:02pm
Quoting ahdat
back and forth, back and forth {image}
yes, you got it, you can draw the lines better than I could. Thanks.
  • #7,718
  • Jan 25, 2023 2:20pm Jan 25, 2023 2:20pm
Quoting Totro
This engulf tricked me. Can someone explain to me what went wrong? {image}
my view. gotta put things in the context of the bigger story
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RIP RTM - long live Nonsense Trading
  • #7,719
  • Jan 26, 2023 6:19am Jan 26, 2023 6:19am
Should I post my trades, or are you not happy with them like I show you those ? I do not get any likes here or rarely. So this is open question to me. I do not need this.
  • #7,720
  • Jan 26, 2023 6:34am Jan 26, 2023 6:34am
8:1 RR trade
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