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ReadtheMarket - Supply and Demand with Price Action

  • #8,101
  • Sep 10, 2023 10:41am Sep 10, 2023 10:41am
It was never my intentions to spoon feed anyone this material. I had to learn through the silence of SC's charts and my own experiences. I say this to you all, if SC, or I, and a few others can do this then anyone can. I understand one may see value in another's material and may even get frustrated if they don't understand it. That's okay, but it's never a good idea to lash out at someone who has no ill intentions. Instead of choosing to ask compelling questions regarding the material I post, one chose to antagonize with questions that were completely irrelevant and non-conducive.

Just because there was no context provided with any of the charts I've ever posted doesn't mean you can't get an answer. I'm not saying I'll answer every question because I want those to who truly are curious to think critically. There is nothing complex about Forex.

Nonetheless, I have included a link to a collection of some of my earlier trades. Some of them include trades where I was still figuring things out and didn't follow some of my methods but that's only a handful of trades. Dissect from these what you wish and continue to ask questions. If you pay close attention you will see that a lot it is the same thing over and over again.

https://easyupload.io/2oc6ax
  • #8,102
  • Sep 10, 2023 11:30am Sep 10, 2023 11:30am
Quoting PrinceCharm
It was never my intentions to spoon feed anyone this material. I had to learn through the silence of SC's charts and my own experiences. I say this to you all, if SC, or I, and a few others can do this then anyone can. I understand one may see value in another's material and may even get frustrated if they don't understand it. That's okay, but it's never a good idea to lash out at someone who has no ill intentions. Instead of choosing to ask compelling questions regarding the material I post, one chose to antagonize with questions that were completely...
Thank you very much for sharing. That's a whole collection of learning material. I love it!
  • #8,103
  • Sep 10, 2023 10:10pm Sep 10, 2023 10:10pm
Quoting PrinceCharm
It was never my intentions to spoon feed anyone this material. I had to learn through the silence of SC's charts and my own experiences. I say this to you all, if SC, or I, and a few others can do this then anyone can. I understand one may see value in another's material and may even get frustrated if they don't understand it. That's okay, but it's never a good idea to lash out at someone who has no ill intentions. Instead of choosing to ask compelling questions regarding the material I post, one chose to antagonize with questions that were completely...
thank you very much, your charts give me a lot of ideas. Please keep posting
  • #8,104
  • Sep 11, 2023 10:42am Sep 11, 2023 10:42am
Best 1 minute scalping strategy : its not advertisement. Must watch.https://youtu.be/CEWpPd7WTeQ
  • #8,105
  • Edited 1:07pm Sep 11, 2023 12:33pm | Edited 1:07pm
Quoting Advanced
Best 1 minute scalping strategy : its not advertisement. Must watch.https://youtu.be/CEWpPd7WTeQ
whats the point of adverstising this video in here?
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  • #8,106
  • Sep 11, 2023 10:50pm Sep 11, 2023 10:50pm
Forex is a risky business, we are taking risk here in hope to gain. Consistence is not a proper word in this business. The proper word / words is what Benadil mentioned several time here " money management and phsychology”. If someone says he/she has consistent results, you might want to take it as they have better management or worse management. RTM is not a science, rather an observation. The decision of taking a trade is subjective, you must have a reason to convince yourself to make that decision and it is you and only you who can make that decision. Looking at the same chart, different people could make a totally opposite decision. If everyone makes the same decision all the time at the same level, there will be no market.
All screenshots in this forum, as we can see, have been revolving RMT concepts, FTR, Engulf, Compression, MPL, Decision Points and many many more.
When you look at the chart posted by IF at the very first page of this forum, was it a pin point entry? was it a good trade? was it a complete trade? And the best part is IF gave you all explanation section by section in great details. Moreover, there are other great charts from other amazing individuals also gave you detailed explanations. When you look at all the charts posted here, all of them were using RTM concepts. The only difference is the colour of charts. Just looking at IF's charts and picking a chart now, you can identify the same patterns all over the places. What else do you need ? There is nothing extra , no more no less. There are 8000+ posts here, and you missed the most important post on the page one. I bet it won't help your future trading anyway if you cannot figure it out or explain it yourself.
Benadil is right , it is a management issue. Make your decision, put stop loss; if it turns out to be a loss, there is always another opportunity. If you don't put a stop loss, you must know where to get out, so that you don’t bleed more. You might have several failure in a raw, but just one good trade would get you out of water. This method DOSE work.
One more thing, do not get obsessed with pin point entry. It will easily frustrate you and put in a failure position. Again, it is management issue as to how much risk you can afford to take.
Here is a trade recently taken, the hindsight looks pretty good. The price is moving in our favour. The explanation would the same thing, engulf, FTR and things like that, pretty boring stuff.
But they are not pin point entry. If I tried to pin point the entry, I would’ve missed all the trades. I have to give some space so that I could get into trade. This is the risk I am willing to take. If price broke and headed to the opposite direction, that would prompt me to cut the trade without hesitation.
IMHO, planning a trade is extremely important, once applying RMT concepts to read market.
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  • #8,107
  • Sep 12, 2023 11:55pm Sep 12, 2023 11:55pm
Quoting PrinceCharm
It was never my intentions to spoon feed anyone this material. I had to learn through the silence of SC's charts and my own experiences. I say this to you all, if SC, or I, and a few others can do this then anyone can. I understand one may see value in another's material and may even get frustrated if they don't understand it. That's okay, but it's never a good idea to lash out at someone who has no ill intentions. Instead of choosing to ask compelling questions regarding the material I post, one chose to antagonize with questions that were completely...
hey man! good to see you're still at it!
RIP RTM - long live Nonsense Trading
  • #8,108
  • Sep 13, 2023 12:40am Sep 13, 2023 12:40am
Quoting mvf
Forex is a risky business, we are taking risk here in hope to gain. Consistence is not a proper word in this business. The proper word / words is what Benadil mentioned several time here " money management and phsychology”. If someone says he/she has consistent results, you might want to take it as they have better management or worse management. RTM is not a science, rather an observation. The decision of taking a trade is subjective, you must have a reason to convince yourself to make that decision and it is you and only you who can make that...
absolutely. one of the biggest secrets of trading is: mm + psychology > trading system. Although everyone underestimates the first part, and over emphasizes the second. Which makes sense bc the first is easy to learn (so they disregard it), hard to master. the second is (can be) hard to learn, so its a big rabbit hole. never ending for some people.
RIP RTM - long live Nonsense Trading
  • #8,109
  • Edited 7:00am Sep 13, 2023 2:18am | Edited 7:00am
maybe others have a different technique but best pin point entries for me is a combination of

1. engulf. trend or reversal. ideally with a sharp engulfing move + compression entrancement. not required but ideal. make sure your engulf makes sense in the overall story, at scale. learn to spot when fakeouts are likely.
2. deep retrace. at least 50% is a general good number. deeper the better, although you may miss the trade.
3. find the last orders. being some combination of: key level, trick / hook (qm, iqm), kink, block flip. Sometimes its obvious and you can tighten your stop. Always safest to leave it beyond the larger high / low, or even holding flag in case of fake out. where you leave the stop is a personal choice. a combination of your psychology + win rate / rr.

you can also just wait for ltf confirmation if you're not sure about your price zone area. find the last orders within the ltf confirmation. same stop techniques apply.

target is somewhere beyond the engulf. the better you can put together the overall story the more precise your target can be.

that's really it. stay away when you're not sure about your reads, or there's nothing that's 'good'.

I would even say that step 1 is the most important, as you can control your RR simply by waiting for a deeper retrace (at the cost of missing trades). If your psychology can handle it, only entering on 90% retracement will get you at least 9r, not including the remaining space price has to run to your target. No need to look for precise entires, just wait for the best prices.
RIP RTM - long live Nonsense Trading
  • #8,110
  • Sep 13, 2023 11:40pm Sep 13, 2023 11:40pm
Quoting ahdat
{quote} absolutely. one of the biggest secrets of trading is: mm + psychology > trading system. Although everyone underestimates the first part, and over emphasizes the second. Which makes sense bc the first is easy to learn (so they disregard it), hard to master. the second is (can be) hard to learn, so its a big rabbit hole. never ending for some people.
The second part is all about RTM things. I'd agree with some oppoinions in the forum that there are too many things to remember. The chart on the first page by IF was actully simple and straight forward. Only Engulf and FTR got you into the trade. keep it simple might hold some truth.
Attached is a recent entry.
RTM things like engulf, ftr... got us this entry and it turned out to be in our favour. This would be the planning part. Then the risk I would like to take. once price is running in our favour, expectation is in play. If we did not care about RR too much, we should've got close to 40 points already and closed the trade. Then our mental state changed and got greedier, thinking let it run. Then we have charts from 1 min all the way to 60 min. At this point I have to convince myself that price will go up to where it is marked, which is also the target. To actually get there might be a roller coaster ride, as price hardly shoot right into your target or the level you expected. Now it's time to test our phsycology, where we might expience anxiety, fear, hallucinations, frustration, la la land and all that crap. Pretty hard stuff.
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  • #8,111
  • Sep 22, 2023 2:08am Sep 22, 2023 2:08am
Quoting ahdat
maybe others have a different technique but best pin point entries for me is a combination of 1. engulf. trend or reversal. ideally with a sharp engulfing move + compression entrancement. not required but ideal. make sure your engulf makes sense in the overall story, at scale. learn to spot when fakeouts are likely. 2. deep retrace. at least 50% is a general good number. deeper the better, although you may miss the trade. 3. find the last orders. being some combination of: key level, trick / hook (qm, iqm), kink, block flip. Sometimes its obvious...

You said in point 3 finding the last orders , could you give example of it?

Is it similar to Tracking orders , I have heard about tracking orders from a guy names Mr.Phi he owns a channel on telegram also. But the concepts he talks about I am not even able to find on and RTM journal too. Have you heard about it?
  • #8,112
  • Sep 22, 2023 10:27am Sep 22, 2023 10:27am
Quoting abhisaroha
{quote} You said in point 3 finding the last orders , could you give example of it? Is it similar to Tracking orders , I have heard about tracking orders from a guy names Mr.Phi he owns a channel on telegram also. But the concepts he talks about I am not even able to find on and RTM journal too. Have you heard about it?
I dont think it's an official rtm thing. it might be a theory from a members. the general idea is the market likes to pick up all pockets of orders (untouched qms, flags, etc.. ) before continuing in the direction of the engulf. If you see such a thing that hasn't been hit, its likely price will want to pick that up somehow, like with a stop hunt. If you follow these orders, you could see where the last set of orders are, and that is likely where you reversal point will be.

its a cool theory, but i dont think in those terms anymore. sometimes it seems to work, but also unnecessarily complicated. i just got use to saying it as the reversal point.
RIP RTM - long live Nonsense Trading
  • #8,113
  • Sep 23, 2023 3:56am Sep 23, 2023 3:56am
Quoting abhisaroha
{quote} You said in point 3 finding the last orders , could you give example of it? Is it similar to Tracking orders , I have heard about tracking orders from a guy names Mr.Phi he owns a channel on telegram also. But the concepts he talks about I am not even able to find on and RTM journal too. Have you heard about it?
here's a pic. you can see those instances where there were some open orders, and price spiked / stop hunted to hit those open orders around the origin before continuing the direction of the main move.

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RIP RTM - long live Nonsense Trading
  • #8,114
  • Sep 23, 2023 2:32pm Sep 23, 2023 2:32pm
Hi Friends. Just to be sure: an engulf of 2 is invalid for the Qm buy? Thanks to reply
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  • #8,115
  • Sep 24, 2023 11:00pm Sep 24, 2023 11:00pm
Quoting PA-Master
Hi Friends. Just to be sure: an engulf of 2 is invalid for the Qm buy? Thanks to reply {image}
Engulf of 1 is better than Engulf of 2.
No Bias
  • #8,116
  • Oct 3, 2023 6:05am Oct 3, 2023 6:05am
first thing i want to share here is about Flag Limit and Flag area!
In my opinion, the foundation for understanding all Price Action concepts is a proper understanding of FL (Flag Limit).
Indecision after a momentum move can be a sign of the formation of an FL.
The most important FLs are formed after the break of the most important SRs.
A Flag Limit hold price up or down and forms an area on it called the Flag area. Inside each Flag area, there are two important Flag Limits, as shown in the figure.
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  • #8,117
  • Oct 6, 2023 7:43am Oct 6, 2023 7:43am
this is a bit taboo, but anyone interested in a rtm trend trading system?
RIP RTM - long live Nonsense Trading
  • #8,118
  • Oct 6, 2023 8:24am Oct 6, 2023 8:24am
Quoting ahdat
this is a bit taboo, but anyone interested in a rtm trend trading system?
Not sure what you mean. Do you mean looking for say RTM long trades only when price is in a supposed "uptrend"? (eg. maybe above a certain moving average in a higher time frame)
  • #8,119
  • Oct 6, 2023 9:34am Oct 6, 2023 9:34am
Quoting Danger-Mouse
{quote} Not sure what you mean. Do you mean looking for say RTM long trades only when price is in a supposed "uptrend"? (eg. maybe above a certain moving average in a higher time frame)
hmm sort of. using flag flips to identify trends, what kinds of shapes and movements to look for, precise entries, targets, etc.. the whole 9 yards mapped out
RIP RTM - long live Nonsense Trading
  • #8,120
  • Edited 6:27am Oct 7, 2023 6:15am | Edited 6:27am
Quoting ahdat
this is a bit taboo, but anyone interested in a rtm trend trading system?
why not , trends are market facts, ranges are market facts, support resistance supply demand are market facts, breakouts, are market facts, false breakouts are market facts, yes you can design a system around trends and supply demand areas, just we need to accept that there is no holy grail systems.

determining trends will always be subjective a trend in the 1 hour time frame can be considered just a retracement in the weekly time frame or a bull/bear leg in a large tranding range, as I said before we trade our beliefs about the market our friend is money management , trade management and psychology.

there are many trading systems they can contradict each other such as a trend and a mean reversion system , ironicaly they can both be profitable in the long term.
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