Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Price Will Tell - Supply/Demand Price Action Trading 1,856 replies

Readthemarket (Ifmyante) - Is it legit stuff or not? 18 replies

Price Action + Demand & Supply Zone + Money Management 0 replies

Price movement as a function of Supply and Demand 43 replies

Reading price bar by bar and identifying supply/demand levels 16 replies

Attachments: ReadtheMarket - Supply and Demand with Price Action
Exit Attachments

ReadtheMarket - Supply and Demand with Price Action

hope this helps someone
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.proM15.png Size: 22 KB
PA shows the way.
Quoting slowsteady
hope this helps someone {image}
Definitely it does. Thank you!
Quoting slowsteady
hope this helps someone {image}
EU Monthly. Same idea
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.proMonthly.png Size: 19 KB
PA shows the way.
Quoting slowsteady
{quote} EU Monthly. Same idea {image}
Furthermore
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.proDaily.png Size: 21 KB
PA shows the way.
Quoting slowsteady
{quote} EU Monthly. Same idea {image}
I would expect price to reach upper QM level and drop.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2023-04-29 at 11.00.04 AM.png Size: 102 KB


But, if we consider the very high scale, price is coming up from a very good QM level, visible in 12 month chart. So price can go up and up breaking all these levels too.
Quoting fdx
{quote} I would expect price to reach upper QM level and drop. {image} But, if we consider the very high scale, price is coming up from a very good QM level, visible in 12 month chart. So price can go up and up breaking all these levels too.
Likely. I expect it to continue going up to atleast hit the last high on the Monthly. And I don't see an engulf down.
PA shows the way.
Quoting slowsteady
{quote} Likely. I expect it to continue going up to atleast hit the last high on the Monthly. And I don't see an engulf down.
Oh ok.. I thought you wanted to mark this as engulf.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 137 KB
Quoting fdx
{quote} Oh ok.. I thought you wanted to mark this as engulf. {image}
My view is that price hits its target there, faked out below the kink and now reversing. I don't see a lower kink that can serve as a target if that is an engulf.
PA shows the way.
Still on EU
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.proM5.png Size: 25 KB
PA shows the way.
Next week there is FOMC & ECB meeting and then on Friday NFP release too, so very high volatility and lots of fundamental moves, so any tight stops can get broken.
I would suggest looking for shorts on GBPJPY and CHFJPY, because the Yen moved (too) much last Friday, if you consider having positions before the red news this week.
GBPJPY already came off over 100 pips, so shorting CHFJPY now is more preferable (for me). So I would suggest from monthly chart and 1H chart that somewhere a minor low for 151.25 to 151.50 should be reached in the next days. The stop could be somewhere over the top of 153.40, but this is up to everyone. 6:1 RRR potential.
Attached Image (click to enlarge)
Click to Enlarge Name: 2023-05-01_122335.jpg Size: 168 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 2023-05-01_122413.jpg Size: 238 KB
It took a bit longer than expected but I think CHFJPY is ready for a drop now. Last chances for a good short entry, if you want to consider positions early this week.
All the Yen pairs are overvalued short term now, my opinion. Even AUDJPY with strong momentum still, GBPJPY is also ready now. But for me CHFJPY is best, then GBPJPY second, then AUDJPY and maybe EURJPY too. So about ca. 1% to drop from here is my base profit target. Then I will take some profits here. I have only a small position here as it is bit risky before the important meeting this week. If anyone could make a full RTM detailed chart on CHFJPY and maybe other Yen symbols, thanks.
Quoting fdx
{quote} Hi Amart83, Kink is anything which has the following shape. So what you marked is a kink and also FLs are also kinks. {image} One question though.. How do you know that the left FL you have marked is a FL? Price must hit a opposite FL in order for that kink to be a FL
Hi fdx, I follow your posts and know you are familiar with rtm stuff.
Would you elaborate more on your question ("Price must hit a opposite FL in order for that kink to be a FL")?
If possible to draw on Amart83's chart, thank you.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 6 KB
Quoting frwrd
{quote} Hi fdx, I follow your posts and know you are familiar with rtm stuff. Would you elaborate more on your question ("Price must hit a opposite FL in order for that kink to be a FL")? If possible to draw on Amart83's chart, thank you. {image}
It is as it is said in the text, it must be V shape that kink and flag is valid, a \ is not enough, it must be \ + / so V in total for a complete kink and other flags here.
Quoting TrAndy1
{quote} It is as it is said in the text, it must be V shape that kink and flag is valid, a \ is not enough, it must be \ + / so V in total for a complete kink and other flags here.
On the picture this kink broke a high and I thought it is considered a flag after that and it is drawn v shape too, as you said.
Quoting frwrd
{quote} On the picture this kink broke a high and I thought it is considered a flag after that and it is drawn v shape too, as you said.
Well you cannot say if kink broke former high by 1 pip or 2 points it is broken, so you need some room for market to have a breath. So I would not be too strict here.
Quoting slowsteady
hope this helps someone {image}
nice and simple. you can also tighten up the entry a bit if you were feeling adventerous (although in this case you'll have to zoom in to make sure)

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 22 KB
RIP RTM - long live Nonsense Trading
Quoting fdx
{quote} I would expect price to reach upper QM level and drop. {image} But, if we consider the very high scale, price is coming up from a very good QM level, visible in 12 month chart. So price can go up and up breaking all these levels too.
i have something similar. although there is a level below that may very well work. The reaction from the bottom has been very strong, might only be good for a bounce. we'll see how it approaches
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 14 KB

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 14 KB
RIP RTM - long live Nonsense Trading
I am already up +2% this month. Started trading today for the hedge fund account and made a daytrade. Hope this month will be an excellent one for me. Let's see.
2 traders viewing now, 1 is a member:
SuperErnie