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ReadtheMarket - Supply and Demand with Price Action

  • #8,121
  • Oct 7, 2023 3:12pm Oct 7, 2023 3:12pm
guys, for argument purposes, this is a depiction of a real chart. We can see trend, engulf, FTR, compression, QM, kinks, whatelse missed .... you name it.
by just looking at this chart, for sure you will have all kinds of analysis, and you will even have totally opposite conclusions. There is no right or wrong, no bad or good, just win or lose, but you must know where to stop, even if you are in the trend. All the RTM things can get you into a trade, it is just a tool. The key is money management. The KEY! Now where to take a trade and where to stop?
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  • #8,122
  • Oct 7, 2023 3:53pm Oct 7, 2023 3:53pm
These two charts are showing where to stop, even if you have price going in your favor. It is that the different perception of reading charts can get you to make totally opposite decision.

EUR/USD chart had sell and buy at the same time. If we go LTF, we have down trends and up trend which we could trade. You might consider it engulf both ways.
on the down treand, a sell order placed, but did not get filled, at the same time there is up trend and a buy order placed and filled.

GBP/USD has the same chart trend as EUR/USD, almost the same trend. So the decisition would be the same, buy and sell at the same time. It was the sell got filled on this one. Where to stop it? as it did not even reach the buy order, so it was not closed on its own. I manually closed it with no hesitation, seeing it went against my expections. Knowing to stop is just like driving a car, you have fun driving all along, but it is the break that keeps you survive till your old age.

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  • #8,123
  • Oct 7, 2023 5:08pm Oct 7, 2023 5:08pm
can someone recommend to me a youtuber, mentor or someone who uploads regularly about their trades using SND?
  • #8,124
  • Oct 8, 2023 6:13am Oct 8, 2023 6:13am
Quoting mvf
guys, for argument purposes, this is a depiction of a real chart. We can see trend, engulf, FTR, compression, QM, kinks, whatelse missed .... you name it. by just looking at this chart, for sure you will have all kinds of analysis, and you will even have totally opposite conclusions. There is no right or wrong, no bad or good, just win or lose, but you must know where to stop, even if you are in the trend. All the RTM things can get you into a trade, it is just a tool. The key is money management. The KEY! Now where to take a trade and where to...
part of the trend system is simplifying trading, follow the trend in the biggest scale that makes sense. There's lots of opportunities and R to be had in these kinds of trades, and a good way to keep you out of trouble.

This looks like a jpy pair. Its probably trending up in the larger scale. I'd wait at the lower origin for a long (if it gets there soonish). Possibly a short at the top (there's something pretty decent up there), but i'd need some approach pa based on what im seeing so far. Ignore the middle.
RIP RTM - long live Nonsense Trading
  • #8,125
  • Oct 8, 2023 4:02pm Oct 8, 2023 4:02pm
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  • #8,126
  • Oct 8, 2023 4:11pm Oct 8, 2023 4:11pm
Engulf and FTB. Over and over again, rinse repeat.
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  • #8,127
  • Oct 8, 2023 10:15pm Oct 8, 2023 10:15pm
Quoting ahdat
{quote} part of the trend system is simplifying trading, follow the trend in the biggest scale that makes sense. There's lots of opportunities and R to be had in these kinds of trades, and a good way to keep you out of trouble. This looks like a jpy pair. Its probably trending up in the larger scale. I'd wait at the lower origin for a long (if it gets there soonish). Possibly a short at the top (there's something pretty decent up there), but i'd need some approach pa based on what im seeing so far. Ignore the middle.
yes, mate, it makes sense, absolutly.
  • #8,128
  • Oct 10, 2023 5:37am Oct 10, 2023 5:37am
Quoting PrinceCharm
Engulf and FTB. Over and over again, rinse repeat. {image} {image}
FTB to back what? That is the question I've been battling with for the past year studying charts from SC, FXSparta, Matrix2017 and yourself. It get really frustrating thinking now you've got it but you find out you don't. Quit and come back, still you get frustrated because no one is going to tell you this right and this is wrong.
  • #8,129
  • Oct 10, 2023 5:46am Oct 10, 2023 5:46am
Quoting PrinceCharm
Engulf and FTB. Over and over again, rinse repeat. {image} {image}
After an Engulf do you drop down to 1min for entry(not for precision) or you use the same Tf of Engulf?
  • #8,130
  • Oct 10, 2023 6:06am Oct 10, 2023 6:06am
Quoting Leorh
{quote} FTB to back what? That is the question I've been battling with for the past year studying charts from SC, FXSparta, Matrix2017 and yourself. It get really frustrating thinking now you've got it but you find out you don't. Quit and come back, still you get frustrated because no one is going to tell you this right and this is wrong.
matrix posted about ftr here a few weeks
RIP RTM - long live Nonsense Trading
  • #8,131
  • Oct 10, 2023 6:33am Oct 10, 2023 6:33am
Quoting ahdat
{quote} matrix posted about ftr here a few weeks
Okay thanks let me check.
  • #8,132
  • Edited 4:26am Oct 11, 2023 3:05am | Edited 4:26am
i dont know how other people do it, but like ive been saying, i interpret the market first, and try to find the 'next move' in the highest tf that makes the most sense, then dig into finding precise levels (that usually involves key levels). I prefer when the move is simply trending clearly (and not compression). Usually they look like a wave or a stairstep. but sometimes the prices structures itself in ways that makes it more obvious some level will work. So thats what i recommend people work on first. Dont bother with tight entries, be good at seeing the next move, which may only be 1 or 2r. Im not going to get too much into that since thats basic rtm. This can also be as simple as trends / channels, etc.. something rtm doesnt subscribe to. Then learning to stay away when you're not sure what its doing (which is usually when its consolidating and whipping back and forth with stop hunts, or in the middle of a move). usually the picture is clearer when you step out a tf or two, but often times things a symbol isn't readable for you. just move on to the structures that stand out to you.

Once you get good at that, you can dig into precise zones. if you dig into precise zones too early, you're making it much, much harder for yourself. After a while you can just see that the market wants to go a certain way without drawing any rectangles or much interpretation. Thats the time to learn precision. You can also start by trying to find the entry of the precise level, but have your stop at the edge of the move.

You can do this in the high tf with just a few bars (which i prefer). some people seem to see it better in the lower tf w lots of data. Anyways, thats my advice to people struggling with the precise zones. here are some examples of using key levels and seeing how key levels structure the market. just practice to see which key levels will likely work, and what kink/ftr to use it with. this is just how i personally see the market, im sure others do it differently, even though it can result in the same thing.

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RIP RTM - long live Nonsense Trading
  • #8,133
  • Oct 11, 2023 3:11am Oct 11, 2023 3:11am
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RIP RTM - long live Nonsense Trading
  • #8,134
  • Edited 4:38am Oct 11, 2023 3:57am | Edited 4:38am
quite literally everywhere. like Prince Charm said, engulf, ftb. engulf gives you direction for the next move. A pole move through the engulf is ideal. compression on the retrace is ideal. whether its trend or reversal.

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RIP RTM - long live Nonsense Trading
  • #8,135
  • Oct 11, 2023 6:03pm Oct 11, 2023 6:03pm
Quoting Leorh
{quote} FTB to back what? That is the question I've been battling with for the past year studying charts from SC, FXSparta, Matrix2017 and yourself. It get really frustrating thinking now you've got it but you find out you don't. Quit and come back, still you get frustrated because no one is going to tell you this right and this is wrong.
FTB to the origin of the engulf. Before I didn’t go to M1 but now I do regardless of whatever timeframe I see a trade. I always scale down to refine my entries in M1 for those tight zones. There are a lot of people struggling with scales which are essentially just timeframes. Generally speaking, you must make sure you’re following the HTF. For me that looks like at least H4. With that said you can catch the trend like ahdat has spoken of trading in the same direction.

A lot of people seem to be confused and think they should be seeing something entirely different in each timeframe, now that’s something I would say is wrong. Order flow is logical and if it required one to view it subjectively different in every timeframe then it would compromise that logic and make it flawed. Every engulf needs an FTB back to the origin regardless of the timeframe. So if you see an engulf that means there must be orders present. Where? Look at the QML. You must understand what the QML is and how institutional traders use it to their advantage to manipulate retails traders. This is very important because it’s a big piece of the puzzle. If the HH or LL is ITs creating a Fakeout to get their orders filled then that means QML is retail traders providing liquidity for them.

Now if ITs created a Fakeout once then don’t you think they’ll do it again? This is where the logic of order flow and the algorithm come into play. That QML is set so there must be orders present somewhere. The QML should align with a FL. After you’ve identified that drop down into a smaller timeframe. Then follow the engulfing of orders all the way the through until you get to the end to the fresh flag limit. Keep following the same logic in the smaller timeframe as you did in the higher timeframe. Engulf and FTB, rinse repeat.
  • #8,136
  • Oct 11, 2023 10:51pm Oct 11, 2023 10:51pm
To PrinceCharm I appreciate you saying those words. It helped me figure something out with those words. And I want to tell you to keep posting whatever you think is helpful, regardless of the barking dog. The postman would not have been able to deliver the letter if he was too busy responding to the dog on the street that was barking at him. And we probably won't be able to receive the letter with that message you wanted to share. Another thing I want to say is I've been giving up hope on RTM for a while. Until I opened it and came across your post. That was the first time I knew you and you were such a fire for me that my fire was dying. After that, I read every one of your posts. and follow what you recommend. Check out the post of Selfcontrol, Matrix2017, Mertch, But what I discovered is Post of selfcontrol More useful than anyone The posts of everyone you recommend, including you, are vague, and I can see why they're so vague in this public space. I understand your post. Selfcontrol more than anyone else comes second to your words, but of course IF is number one, but now IF is gone. The thing that makes me still have hope for this thread after I've decided to stop it. That's you, that's you who came back to post after you disappeared like everyone else. But you chose to come back. I want to tell you that I understand why it's so vague. Because in order to prevent the IT department from moving the goal posts, as the IF has said.
-It might be very long. But all of this represents feelings and thanks.
- Don't just see the few people who respond or post here. Because there are still many people who still read this thread over and over. Follow this thread day after day. Quietly without posting or responding. That is another part that we cannot see that the posts of well-wisher people are helping these people as well. And most of us were once these people. Someone who watches, learns, and stays quiet.
-Thank you very much PrinceCharm. IF. Selfcontrol. Ahdat. And the last person Salivan.and all the well-meaning people who are helping traders in this thread. I can't name them all.
(Sorry if my English is bad or there are typos or incorrect words)

- thanks you for everything.
Patience is incredible. There's no limit. The limit is yourself.
  • #8,137
  • Edited 9:51am Oct 12, 2023 9:28am | Edited 9:51am
Quoting thanksyoufor
To PrinceCharm I appreciate you saying those words. It helped me figure something out with those words. And I want to tell you to keep posting whatever you think is helpful, regardless of the barking dog. The postman would not have been able to deliver the letter if he was too busy responding to the dog on the street that was barking at him. And we probably won't be able to receive the letter with that message you wanted to share. Another thing I want to say is I've been giving up hope on RTM for a while. Until I opened it and came across your post....
Ill give you my advice, simplify your trading example trade the continuation QM setup (higher time frame direction in 4h or 1h, and qm kink origin of the move) and stop believing in the so called conspiracy theories of ITs agaisnt retailers it doesnt exist. and offcourse the most important will be always MM and Psychology.
this is after the fact but the simple premise is direction wait for retracement to a supply demand area and manage your trade accordingly, just a simple ABC pattern impulse retracement to your SND zones (QMS are great areas) to have the best risk reward ratio and manage your trade as easy as it is no need to subscribe to a conspiracy theory and complicate your trading.
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  • #8,138
  • Oct 12, 2023 12:46pm Oct 12, 2023 12:46pm
algo's running hard before the news. sometimes, you just need one tf

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a bit off on this one. shoulda looked harder, guess it didnt hit the target the first time.

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RIP RTM - long live Nonsense Trading
  • #8,139
  • Oct 12, 2023 1:09pm Oct 12, 2023 1:09pm
Quoting ahdat
algo's running hard before the news. sometimes, you just need one tf {image} a bit off on this one. shoulda looked harder, guess it didnt hit the target the first time. {image}
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  • #8,140
  • Oct 12, 2023 1:23pm Oct 12, 2023 1:23pm
Quoting benadil
{quote} {image}
yep saw that. that's why i was expecting a big move, probably to new highs. live by the precise zones. die by the precise zones lol
RIP RTM - long live Nonsense Trading
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