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ReadtheMarket - Supply and Demand with Price Action

  • #7,961
  • Jul 18, 2023 9:32am Jul 18, 2023 9:32am
Quoting m.asadi
s.b say FL is a ftr that break a sr or lsk s.b say Fl is a ftr that hold price up or down .break of fl make new fl in both insight.
so what according to you is a FTR , can u pls show one example on chart
  • #7,962
  • Jul 18, 2023 11:14am Jul 18, 2023 11:14am
Quoting GianfiDipp
{quote} Thanks a lot, I really appreciate your help! I checked the history of the area you mentioned, and yes indeed I noticed that the price is affected by it. I'll keep an eye on the situation as it evolves, thanks again. I hope to learn as much as possible, I've been working at 300% to understand all these concepts for quite a few months now
That setup didnt work. But price went up a bit and found a very similar place with a FTR, and my reasoning is, the level we considered is lower scale. The level price actually drawn to is higher scale. because it is visible in m30 also.
  • #7,963
  • Jul 18, 2023 11:20am Jul 18, 2023 11:20am
Quoting fdx
{quote} That setup didnt work. But price went up a bit and found a very similar place with a FTR, and my reasoning is, the level we considered is lower scale. The level price actually drawn to is higher scale. because it is visible in m30 also.
hi fdx bro, bro can you mark ftr levels on this chart, i want to know what is an ftr according to you
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  • #7,964
  • Jul 18, 2023 11:47am Jul 18, 2023 11:47am
Is it right where I drew FTR and FTB?
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  • #7,965
  • Jul 18, 2023 12:24pm Jul 18, 2023 12:24pm
Quoting fdx
{quote} That setup didnt work. But price went up a bit and found a very similar place with a FTR, and my reasoning is, the level we considered is lower scale. The level price actually drawn to is higher scale. because it is visible in m30 also.
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search for the truth, always
  • #7,966
  • Jul 18, 2023 12:35pm Jul 18, 2023 12:35pm
Quoting tradar
Is it right where I drew FTR and FTB? {image}
for me it is a way to see it, yes
search for the truth, always
  • #7,967
  • Jul 18, 2023 12:56pm Jul 18, 2023 12:56pm
first green box is a kink held price up second and third made by breack of previous Fl

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  • #7,968
  • Jul 19, 2023 12:11am Jul 19, 2023 12:11am
Hello guys, is this the right example of FTR
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  • #7,969
  • Jul 19, 2023 9:04am Jul 19, 2023 9:04am
ftr=kink
every FL is a ftr but not every ftr is fl
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  • #7,970
  • Jul 19, 2023 10:59am Jul 19, 2023 10:59am
Hi traders, what do you think about this? sadly sometimes i feel very insecure about the areas i draw so if anyone thinks this is wrong i would appreciate some advice. let me know!
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search for the truth, always
  • #7,971
  • Jul 19, 2023 11:29am Jul 19, 2023 11:29am
Quoting m.asadi
ftr=kink every FL is a ftr but not every ftr is fl {image}
Only the 4th one from the bottom is a FTR. Others are not FTRs.
Let's ignore the first FTR for the moment, because we cannot say it is a FTR or not, because we dont have anything to the left in that chart. So it is hard to say if it is a FTR or not.
See the second one. second FTR from the bottom touches the 1st FTR. Third FTR touches the second FTR.
What is FTR? "Failure to Return". They have not failed to return!. So they are not FTRs. But 4th one.. It has not returned to the 3rd FTR. So it has failed to return to the previous one. It is hence a FTR.
  • #7,972
  • Jul 19, 2023 11:40am Jul 19, 2023 11:40am
Quoting Ajat0000
{quote} hi fdx bro, bro can you mark ftr levels on this chart, i want to know what is an ftr according to you {image}
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  • #7,973
  • Jul 19, 2023 1:17pm Jul 19, 2023 1:17pm
Quoting fdx
{quote} Only the 4th one from the bottom is a FTR. Others are not FTRs. Let's ignore the first FTR for the moment, because we cannot say it is a FTR or not, because we dont have anything to the left in that chart. So it is hard to say if it is a FTR or not. See the second one. second FTR from the bottom touches the 1st FTR. Third FTR touches the second FTR. What is FTR? "Failure to Return". They have not failed to return!. So they are not FTRs. But 4th one.. It has not returned to the 3rd FTR. So it has failed to return to the previous one. It is...
Hi fdx, if I may continue your observatgions. Can we say (from bottom up) first is FL and second too because they kept price up?
  • #7,974
  • Jul 20, 2023 6:04am Jul 20, 2023 6:04am
Quoting fdx
{quote} Only the 4th one from the bottom is a FTR. Others are not FTRs. Let's ignore the first FTR for the moment, because we cannot say it is a FTR or not, because we dont have anything to the left in that chart. So it is hard to say if it is a FTR or not. See the second one. second FTR from the bottom touches the 1st FTR. Third FTR touches the second FTR. What is FTR? "Failure to Return". They have not failed to return!. So they are not FTRs. But 4th one.. It has not returned to the 3rd FTR. So it has failed to return to the previous one. It is...
Well that theory is certainly different from IF's first post of an FTR, as we clearly see it come back and touches the previous top.

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Also, when we look closely..we may have missed out another important "kink" ..depending on what is to the left on this chart. So, that would make the 4th one not an FTR either by your definition.

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I don't want to sound like I am just criticizing you. I am here to learn too. But, over a decade down the line..there is still much confusion on RTM methodology.....my own thought on FTR was a retrace that initially failed to return to it's supposed QM level. Also, I don't think we can accurately label things on the chart without regard to what is on the left..well unless you are talking about small scalps within the confines of recent price action on the right.
  • #7,975
  • Edited 10:30am Jul 20, 2023 8:03am | Edited 10:30am
Quoting fdx
{quote} {image}
so we can say that engulf is necessary in order to become a new FTR
and we say that the ones you rejected by saying that they are not FTRs are just tested FTRs
  • #7,976
  • Jul 21, 2023 5:31am Jul 21, 2023 5:31am
Quoting Ajat0000
{quote} so we can say that engulf is necessary in order to become a new FTR and we say that the ones you rejected by saying that they are not FTRs are just tested FTRs
You can say tested FTRs. Doesnt matter what the word is..
  • #7,977
  • Jul 21, 2023 5:35am Jul 21, 2023 5:35am
Quoting Danger-Mouse
{quote} Well that theory is certainly different from IF's first post of an FTR, as we clearly see it come back and touches the previous top. {image} Also, when we look closely..we may have missed out another important "kink" ..depending on what is to the left on this chart. So, that would make the 4th one not an FTR either by your definition. {image} I don't want to sound like I am just criticizing you. I am here to learn too. But, over a decade down the line..there is still much confusion on RTM methodology.....my own thought on FTR was a retrace...
No you are right. We should criticise if something is off from the original teaching. Your first image shows exactly what a FTR is. Red box is the FTR. You see the immediate low above the red box? It didn't retrace back to the red box.
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  • #7,978
  • Jul 21, 2023 7:03am Jul 21, 2023 7:03am
Quoting frwrd
{quote} Hi fdx, if I may continue your observatgions. Can we say (from bottom up) first is FL and second too because they kept price up?
In old days, price help up/held down was used. But for a FL to be a "FL", price must hit an opposite target. Usually if you are referring to FLs to the far left.. Thats ok to refer to FLs like that.
  • #7,979
  • Jul 21, 2023 7:14am Jul 21, 2023 7:14am
Quoting fdx
{quote} No you are right. We should criticise if something is off from the original teaching. Your first image shows exactly what a FTR is. Red box is the FTR. You see the immediate low above the red box? It didn't retrace back to the red box. {image}
@Danger-Mouse
Sorry my bad.. I wanted to say is what I have marked with arrow is a FTR. I don't know the reason why the red box is a FTR. But thats how it is taught nowadays.
  • #7,980
  • Jul 24, 2023 5:14am Jul 24, 2023 5:14am
opinions? did I do something wrong?
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