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ReadtheMarket - Supply and Demand with Price Action

  • #8,141
  • Oct 12, 2023 1:25pm Oct 12, 2023 1:25pm
another thing I want to add is market conditions change, sometimes market trend exhibiting shalow retracements, sometimes they exhibit deep rectracements, sometimes they are in a breakout mode without any retracement, sometimes they stay in a range, and trends themselves are subjective what you see a trend in your time frame might be a retracement in another time frame or a bull bear leg in a range. trading is not easy because market conditions change, but the ABC pattern has an edge in the market, edge doesnt mean it will always work, and our objective SND/SSR zones (QMS,IQMS,...) are price locations that offer best risk to reward. we need money management and psychology losing streaks will happen no matter how you think you have the best understanding of the market and the best trading method
  • #8,142
  • Oct 13, 2023 3:18am Oct 13, 2023 3:18am
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  • #8,143
  • Oct 13, 2023 4:35pm Oct 13, 2023 4:35pm
Quoting PrinceCharm
{quote} 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...
Hi Princecharm, I have gone through your comments and charts and have a few questions in mind. Do you look at where the QML is formed such as at HTF zones? Because QMLs are literally everywhere and they fail a lot. I understand there is no 100% method winning method in the game, but how do you determine which QMLs to take even when your LTF order flow or origin of the move patterns are present? Lastly, I am interested in you win rate with this method.

Thanks, looking forward to your reply.
  • #8,144
  • Oct 14, 2023 2:01am Oct 14, 2023 2:01am
This is the last chart. Only key level FTR in LTF on 19 Mar 2023. And FTB on 6 Oct 2023 (Before War!). I stopped to post chart because there wasn't any points to concern group disscussion. I really do not understand what you are talking about, it seems difficult and difficult for me.
I do not think more that may someone get benefit from my chart. Only my ego. Good bye
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  • #8,145
  • Edited 2:39am Oct 14, 2023 2:18am | Edited 2:39am
Quoting matrix2017
This is the last chart. Only key level FTR in LTF on 19 Mar 2023. And FTB on 6 Oct 2023 (Before War!). I stopped to post chart because there wasn't any points to concern group disscussion. I really do not understand what you are talking about, it seems difficult and difficult for me. I do not think more that may someone get benefit from my chart. Only my ego. Good bye {image}
I think you talked about having an 8 step process. feel free to discuss the details of your trading methods. we all trade in our own ways, we dont use all the pieces of rtm. and thats ok. we pick up pieces that makes sense for us, and discard things that dont. your style may be simple to you now, but is still very difficult for others to understand.

If this is the last time we hear from you, everything you've done is much appreciated. Personally, your post from a couple months ago help remind me the importance of key levels, and I was able to lock into the market again (i stopped using key levels for a while because data issues were making it inaccurate). Which is why ive been a bit more active here lately. Because of your posts, I caught the same trade using your method, but unfortunately wasnt able to hold it through target =/ but thats a different topic lol

Sometimes its just about making posts to support each other. Trading is more than just information. And you are right, rtm makes trading too complicated. i think what you, self control, and others have done have shown what the important parts are for high R trading. Sometimes we need that reminder. But i'll probably be posting less too. There's only so much to say before its the same thing over and over again. Or maybe its all just nonsense lol.

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RIP RTM - long live Nonsense Trading
  • #8,146
  • Oct 14, 2023 6:14am Oct 14, 2023 6:14am
Quoting matrix2017
This is the last chart. Only key level FTR in LTF on 19 Mar 2023. And FTB on 6 Oct 2023 (Before War!). I stopped to post chart because there wasn't any points to concern group disscussion. I really do not understand what you are talking about, it seems difficult and difficult for me. I do not think more that may someone get benefit from my chart. Only my ego. Good bye {image}
Matrix can you tell me why ftr1 worked and why ftr2 didnt
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  • #8,147
  • Edited 7:19am Oct 14, 2023 7:04am | Edited 7:19am
Quoting ahdat
{quote} I think you talked about having an 8 step process. feel free to discuss the details of your trading methods. we all trade in our own ways, we dont use all the pieces of rtm. and thats ok. we pick up pieces that makes sense for us, and discard things that dont. your style may be simple to you now, but is still very difficult for others to understand. If this is the last time we hear from you, everything you've done is much appreciated. Personally, your post from a couple months ago help remind me the importance of key levels, and I was able...
targets are difficult to predcit, the higher your target is the lower your win rate will be and vice versa, lets assume that you decided to take that gold long trade, how can you know that price will make that huge reaction from that zone? so I think a reasonable way to deal with targets is to take partials, how can you handle your emotions seeing your PNL going up and down because you refused to take partials? how can you handle your emotions seeing your 3R 4R trade turn into a -1R trade because you wanted higher targets? it is not easy man
  • #8,148
  • Oct 14, 2023 9:11am Oct 14, 2023 9:11am
I dont even know what his FTRs are.
  • #8,149
  • Oct 14, 2023 9:37am Oct 14, 2023 9:37am
Quoting fdx
I dont even know what his FTRs are.
FTR flag limit decision point order block left shoulder kinks are all fancy words to sound complicated and know secrets about trading pay me 25k to teach you the secrets of algos and ITS.
  • #8,150
  • Oct 14, 2023 9:52am Oct 14, 2023 9:52am
Quoting benadil
{quote} FTR flag limit decision point order block left shoulder kinks are all fancy words to sound complicated and know secrets about trading pay me 25k to teach you the secrets of algos and ITS.
In RTM, FTR is clear, it is the failure to return. That means a kink which didnt pick the previous kink. FTR often makes the fake high or low which is later used to fakeout to the real left shoulder level. But on 19th of March 2023, I dont see a FTR related to Oct 6th.
  • #8,151
  • Oct 14, 2023 9:56am Oct 14, 2023 9:56am
Quoting fdx
{quote} In RTM, FTR is clear, it is the failure to return. That means a kink which didnt pick the previous kink. FTR often makes the fake high or low which is later used to fakeout to the real left shoulder level. But on 19th of March 2023, I dont see a FTR related to Oct 6th.
He meant the 9th of March and not 19th
  • #8,152
  • Oct 14, 2023 9:58am Oct 14, 2023 9:58am
Quoting fdx
{quote} In RTM, FTR is clear, it is the failure to return. That means a kink which didnt pick the previous kink. FTR often makes the fake high or low which is later used to fakeout to the real left shoulder level. But on 19th of March 2023, I dont see a FTR related to Oct 6th.
the early definition of FTR in RTM was not that, it was like this price breaks a barrier then makes a base and continue in the direction of the breakout, after that it has been used as you have defined above.
  • #8,153
  • Oct 14, 2023 10:04am Oct 14, 2023 10:04am
Quoting Ifmyante
Hi FXL A newcomer - I'm very glad you found us! We may save you from stumbling down the indi and system road FTR is Failure to Return. In essence it's the beginning of a new trend (Ugh! Hate that word!) TG is target Here's a list of other forex abbreviations (http://readthemarket.com/index.php/education/abbreviations1) we use Best If
look at this fancy definition again, its normal to be confused hahahahaha
  • #8,154
  • Oct 14, 2023 11:31am Oct 14, 2023 11:31am
Quoting benadil
{quote} the early definition of FTR in RTM was not that, it was like this price breaks a barrier then makes a base and continue in the direction of the breakout, after that it has been used as you have defined above.
Yes. Correct. So which definition does Matrix use? Probably the older one? still that doesn't make any sense to me. Where is the FTR (old definition) in march 19th?
  • #8,155
  • Oct 14, 2023 11:46am Oct 14, 2023 11:46am
Quoting fdx
{quote} Yes. Correct. So which definition does Matrix use? Probably the older one? still that doesn't make any sense to me. Where is the FTR (old definition) in march 19th?
the level was a qm level on the 9th march 2023 not 19march
ftr is just kink around some key level according to my understanding
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  • #8,156
  • Oct 14, 2023 4:39pm Oct 14, 2023 4:39pm
to make it even more confusing... was that level actually an origin, which was a FTR too?
Looking at this chart, by following definition of FTR of RTM, it would be full of BREAKs and FTRs? Then we would be trading at every turn.
So which level should we trade?


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  • #8,157
  • Edited Oct 15, 2023 6:41am Oct 14, 2023 5:12pm | Edited Oct 15, 2023 6:41am
Quoting mvf
to make it even more confusing... was that level actually an origin, which was a FTR too? Looking at this chart, by following definition of FTR of RTM, it would be full of BREAKs and FTRs? Then we would be trading at every turn. So which level should we trade? {image}
ill give you an idea wait for some FTR like the gold trade to work out and hide all your losing trades and post it here and dont tell people why it worked let them think they need your secret steps to trade like you oh mate people are still seeking the holly grail in here it doesnt exist . or even better tell them they need to understand the algorithms of ITS who really hunt their stops and who are using these very secret levels.
  • #8,158
  • Oct 15, 2023 9:04pm Oct 15, 2023 9:04pm
Quoting ahdat
{quote} I think you talked about having an 8 step process. feel free to discuss the details of your trading methods. we all trade in our own ways, we dont use all the pieces of rtm. and thats ok. we pick up pieces that makes sense for us, and discard things that dont. your style may be simple to you now, but is still very difficult for others to understand. If this is the last time we hear from you, everything you've done is much appreciated. Personally, your post from a couple months ago help remind me the importance of key levels, and I was able...
Hi there ahdat, i have a question on 'key-levels'

Am i correct in thinking that 'key-levels' are the area of swapped Support-Resistance?
  • #8,159
  • Oct 15, 2023 9:56pm Oct 15, 2023 9:56pm
Quoting benadil
{quote} ill give you an idea wait for some FTR like the gold trade to work out and hide all your losing trades and post it here and dont tell people why it worked let them think they need your secret steps to trade like you oh mate people are still seeking the holly grail in here it doesnt exist . or even better tell them they need to understand the algorithms of ITS who really hunt their stops and who are using these very secret levels.
hmmmm.. something worked out on Asia open and PO filled . is it one of FTRs? it looks like it is. not sure if any IT or stop hunts got involved, can't just image ITs start playing games right at market open. don't know, don't care.
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  • #8,160
  • Oct 16, 2023 12:27pm Oct 16, 2023 12:27pm
Hi,
Everyone is trying to figure-out the trading strategy of Matrix...!
So, I have visited its Profile and guessed that the clue is in the iQM.
If you are able to trace it in Matrix charts too. You are half-way done.
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Cheers
Ahmad Hassan
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