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ReadtheMarket - Supply and Demand with Price Action

  • #7,821
  • May 9, 2023 12:05pm May 9, 2023 12:05pm
Quoting soudeep
{quote} I see the same thing as you in Australia, but I see the above in golf. Do we have the same opinion? {image}
yes i am agree that this is an engulf but we are in more important kink
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Forever a Soldier
  • #7,822
  • May 9, 2023 5:37pm May 9, 2023 5:37pm
Many new traders think that opening a trade is the most difficult task.But they still don't know that the hardest thing is to wait when your setup is not yet formed and you are not sure about the deal.
  • #7,823
  • May 10, 2023 5:01am May 10, 2023 5:01am
Quoting soudeep
Many new traders think that opening a trade is the most difficult task.But they still don't know that the hardest thing is to wait when your setup is not yet formed and you are not sure about the deal.
absolutely. patience (or lack thereof) has always been my biggest account killer
RIP RTM - long live Nonsense Trading
  • #7,824
  • May 10, 2023 5:06am May 10, 2023 5:06am
Quoting Hoplite
{quote} yes i am agree that this is an engulf but we are in more important kink {image}
au is messy for me, one i'd be cautious trading. it even looks like our data is quite different. Something like this would be ideal, but more pa is needed

edit: scratch that, just realized you were in wkly
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RIP RTM - long live Nonsense Trading
  • #7,825
  • May 10, 2023 5:16am May 10, 2023 5:16am
Quoting TrAndy1
Made another +5% this week so far, in total I am up +15% this month in May until today for my hedge fund account. Things are going well again this month. Let's see.
great results but you might wanna create a personal journal thread if you want to post weekly results.
RIP RTM - long live Nonsense Trading
  • #7,826
  • May 10, 2023 5:21am May 10, 2023 5:21am
Quoting soudeep
{quote} I see the same thing as you in Australia, but I see the above in golf. Do we have the same opinion? {image}
oh our markups are almost identical. the only thing i had to watch out for is that hook at the bottom. something about it doesn't seem right, it could FO to somehting just below it.
RIP RTM - long live Nonsense Trading
  • #7,827
  • May 10, 2023 11:01am May 10, 2023 11:01am
Quoting ahdat
{quote} oh our markups are almost identical. the only thing i had to watch out for is that hook at the bottom. something about it doesn't seem right, it could FO to somehting just below it.
What I can say for sure is that it is 0.71500 in golf. Now, retris after hitting the area and its reaction makes the decision to buy
  • #7,828
  • May 10, 2023 11:03am May 10, 2023 11:03am
A structure that I think collects liquidity in the market
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  • #7,829
  • May 10, 2023 11:09am May 10, 2023 11:09am
Quoting soudeep
I will check the price behavior for entry after the price reaches that area {image}
After a few days, the price will reach one of the areas. You can check the behavior of the price.
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  • #7,830
  • May 11, 2023 10:27am May 11, 2023 10:27am
Quoting soudeep
A structure that I think collects liquidity in the market {image}
could you explain more buddy?
Forever a Soldier
  • #7,831
  • May 12, 2023 1:05am May 12, 2023 1:05am
Quoting classy
{quote} hi friends is it possible to control extention(on/off/pause) .i mean if i want extend than extent or not because we need tradintion trendline for technical analysis chart/pairs.thanks in advance
i've done it for you and the other friends now you can add a trend line to your chart the trendline will be horizontall automaticlly for extend you can just drag and drop
the right point of trendline without first point move
this way U can analyse old chart without concern to extend a usless trendline

to distinguish our horizontal trendline with a normal trend line you must define description for our trendline

with defult writhe 0 in description on the trendline propertis

Attached File(s)
File Type: ex4 TRENDLINE EXTENDER hoplite version.ex4   8 KB | 219 downloads
File Type: mq4 TRENDLINE EXTENDER hoplite version.mq4   2 KB | 298 downloads
Forever a Soldier
  • #7,832
  • May 12, 2023 3:39am May 12, 2023 3:39am
Quoting Hoplite
{quote} i've done it for you and the other friends now you can add a trend line to your chart the trendline will be horizontall automaticlly for extend you can just drag and drop the right point of trendline without first point move this way U can analyse old chart without concern to extend a usless trendline to distinguish our horizontal trendline with a normal trend line you must define description for our trendline with defult writhe 0 in description on the trendline propertis {file} {file}
HI FRIEND YOU INDICATOR IS GOOD BUT IF POSSIBLE PLEASE CHECK LINK AND CREATE ONE SIMPLE ON/OFF 9I MEAN EXTEND ZONE OR TRENDLINE OR STOP EXTEND SO WE CAN USE MT4 DEFAULT TREND LINE OR RECTANGLE MULTI TIME OR AS MY WISH AND WHICH IS NECESSARY FOR ANALYSIS.

https://www.forexfactory.com/thread/166758-i-will-code-your-eas-and-indicators-for/reply?quote=13672026#reply
Say something meaningful or Silence!!
  • #7,833
  • May 12, 2023 4:06am May 12, 2023 4:06am
Quoting classy
{quote} HI FRIEND YOU INDICATOR IS GOOD BUT IF POSSIBLE PLEASE CHECK LINK AND CREATE ONE SIMPLE ON/OFF 9I MEAN EXTEND ZONE OR TRENDLINE OR STOP EXTEND SO WE CAN USE MT4 DEFAULT TREND LINE OR RECTANGLE MULTI TIME OR AS MY WISH AND WHICH IS NECESSARY FOR ANALYSIS. https://www.forexfactory.com/thread/166758-i-will-code-your-eas-and-indicators-for/reply?quote=13672026#reply
ok i'll try it whenever I have time
Forever a Soldier
  • #7,834
  • May 12, 2023 9:48am May 12, 2023 9:48am
Quoting soudeep
A structure that I think collects liquidity in the market {image}
personally i would like to see a break here, then its just origin to origin
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RIP RTM - long live Nonsense Trading
  • #7,835
  • May 12, 2023 9:50am May 12, 2023 9:50am
does anyone else simply trade reversals on the open?
RIP RTM - long live Nonsense Trading
  • #7,836
  • May 12, 2023 1:47pm May 12, 2023 1:47pm
Quoting ahdat
does anyone else simply trade reversals on the open?
Have you seen a pattern in that? is it always happening?
  • #7,837
  • Edited May 16, 2023 4:22am May 15, 2023 10:22pm | Edited May 16, 2023 4:22am
Quoting fdx
{quote} Have you seen a pattern in that? is it always happening?
its something i noticed last year after i made some changes to my chart setups and noticed a handful of variations with how price moves for a session. A fairly common one is a market reversal or trend continuation right around the market open. If you scan several symbols, you can usually find at least one that is getting ready for such a move. And it'll often move in thaat direction for half, to the entire session. made me think we can siimply our trading quite a bit. there will be days where it doesnt follow this and there is chop, but you can still pull some small gains taking the tg1 and letting the rest ride. but those runner days will be big gains, for what is essitially about 1-2 hrs behind the chart. This happened quite a bit last friday. examples from the us open, although these are easy enough to study by adding session open lines to your charts


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edit: one just now on th euro open (although i only took the scalp cuz it didnt quite follow the higher tf picture. ill get back in w more pa). couldv ejust taken it at cp, but the zone was a little tricker. but for easier braindead trading, just manage risk and walk away from the charts. let it run to target or check 2.5 hours and again before US open. kinda like baking. i havent back tested this, but i can see how, on average, just taking it and walking away will even out trying to read further pa and being right/wrong about your decision
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and we get lucky, they set up an even tigher entry for us, right after london open. im still not sure if it will run because of the higher read. but there's enough room to manage risk with be, or a bit of profit. but either way, you can end your trading session now, much less stress that might lead to mistakes later on

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another, a few minutes later
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a bigger reversal that happpens at the end of our trade window
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RIP RTM - long live Nonsense Trading
  • #7,838
  • May 16, 2023 3:13pm May 16, 2023 3:13pm
I've found this marking/mapping indicator on the mt4 market.
I've been using it for a while now.. very easy.

Extended bars, trendline, boxes, even have preset texts/phrase that we mostly used as an SND traders.
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  • #7,839
  • May 17, 2023 3:56am May 17, 2023 3:56am
GBP/USD
SELL
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Dariusz.w
  • #7,840
  • Edited May 18, 2023 1:01am May 17, 2023 6:22am | Edited May 18, 2023 1:01am
Attachment gGBP/USD
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Dariusz.w
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