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ReadtheMarket - Supply and Demand with Price Action

  • #8,341
  • Sep 2, 2024 11:04am Sep 2, 2024 11:04am
Quoting selfcontrol
I see a lot of you are caught up with my trades and trying to analyse them as some sort of key to success, but please do not do that. If you're reading this thread you're looking for RTM material and I am definitely not the one to look to for that. I've clearly strayed of the path and gone elsewhere given the feedback I've received after posting here. If you however feel like what I post and what you post are somewhat similar, do not hesitate to send me a messag and I will do my utmost to reply to you, because I have been and still am in a very...
I know He is gone.
But if anyone is still wondering where is the order?
It is in the stop.
Market is Open University, Just have To Do PHD
  • #8,342
  • Edited 4:14pm Sep 2, 2024 2:59pm | Edited 4:14pm
Quoting bishnuNewar
{quote} I know He is gone. But if anyone is still wondering where is the order? It is in the stop.
he trades the orgine of the move or MPL OR Qml level thats it ,no secrets, no holy grail ,backtest that and establish your own edge in terms of your risk tolerance, stop loss distance, target/targets....
  • #8,343
  • Sep 5, 2024 8:58pm Sep 5, 2024 8:58pm
Quoting benadil
{quote} he trades the orgine of the move or MPL OR Qml level thats it ,no secrets, no holy grail ,backtest that and establish your own edge in terms of your risk tolerance, stop loss distance, target/targets....
but finding the origin of the movement is the hardest part right ?
origin of the movement is the last lest of order.
which i m still lurking for.
many people have different strategy .
but market has other reality.
few master has found reality.
so they trade to the pip with risk management.
what i believe is, there is no shortcut to find this.
just look for same thing again and again until you found it.
Market is Open University, Just have To Do PHD
  • #8,344
  • Sep 6, 2024 3:38am Sep 6, 2024 3:38am
Quoting bishnuNewar
{quote} but finding the origin of the movement is the hardest part right ? origin of the movement is the last lest of order. which i m still lurking for. many people have different strategy . but market has other reality. few master has found reality. so they trade to the pip with risk management. what i believe is, there is no shortcut to find this. just look for same thing again and again until you found it.
it is about picking a market direction for your time frame, breaking swing lows/highs can show you that you need to wait for price to retrace to your mpl and you assume that it will continue in the direction of the breakout, you can use fancy names like engulfing of an FL, or breaking market structure. it is not about market reality it is about finding a statistical edge, and edge can be a pattern l with 40% win rate and 2.5R on average, see nothing works all the time, Selcontrol has his losses Princecharm has his losses, they surely have periods of DD too thats normal. so make your rules about your timeframe direction, you may add top down analysis, and trade only at the origin of the move or the breakout or the engulf or the mpl or QML or whatever you call it and analyze your statistics.
  • #8,345
  • Sep 6, 2024 3:40am Sep 6, 2024 3:40am
Quoting benadil
{quote} it is about picking a market direction for your time frame, breaking swing lows/highs can show you that you need to wait for price to retrace to your mpl and you assume that it will continue in the direction of the breakout, you can use fancy names like engulfing of an FL, or breaking market structure. it is not about market reality it is about finding a statistical edge, and edge can be a pattern l with 40% win rate and 2.5R on average, see nothing works all the time, Selcontrol has his losses Princecharm has his losses, they surely have...
Thank you for suggesting
Market is Open University, Just have To Do PHD
  • #8,346
  • Sep 6, 2024 10:26pm Sep 6, 2024 10:26pm
i know asking question in this forum and thread is stupid
asking question to the market and it will give ans by trail and test
but if someone has idea about this two scene
it would be pleasure, if someone could answer , they already knew
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Market is Open University, Just have To Do PHD
  • #8,347
  • Sep 6, 2024 11:48pm Sep 6, 2024 11:48pm
Quoting craigiank
{quote} definitely a good place i actually didnt notice it. for someone who hates drawdown , i would rather miss a trade or enter when a setup screams at me.
it can be a double edge sword. It will be frustrating when you wait at the absolute best prices, but miss multiple trades in a row for big runners, because you were trying to squeeze out an extra r or two. But if really have the patience for it, and it doesn't lead to trading mistakes later on, it is rewarding.
RIP RTM - long live Nonsense Trading
  • #8,348
  • Sep 6, 2024 11:51pm Sep 6, 2024 11:51pm
Quoting bishnuNewar
{quote} I know He is gone. But if anyone is still wondering where is the order? It is in the stop.
matrix is someone to also check out. he posted some stuff here not too long ago. he focuses on tricks around key levels. its powerful to find tight zones with pending orders.
RIP RTM - long live Nonsense Trading
  • #8,349
  • Sep 7, 2024 12:37am Sep 7, 2024 12:37am
i believe those master never traded ftr and fl
those are just illusion to our eyes.
because i went to self control and prince charm chart in 1 min, sometimes i find ftr/fl and sometime find nothing. just a candle
Market is Open University, Just have To Do PHD
  • #8,350
  • Sep 7, 2024 1:47am Sep 7, 2024 1:47am
Quoting bishnuNewar
i believe those master never traded ftr and fl those are just illusion to our eyes. because i went to self control and prince charm chart in 1 min, sometimes i find ftr/fl and sometime find nothing. just a candle
be careful mixing up when to use different concepts. finding higher tf trade direction, and precise entries are different things.
RIP RTM - long live Nonsense Trading
  • #8,351
  • Sep 7, 2024 3:28am Sep 7, 2024 3:28am
Quoting ahdat
{quote} be careful mixing up when to use different concepts. finding higher tf trade direction, and precise entries are different things.
yeah, i m trying to understand precision entry method.
how people and robo are trapped in terms of order flow ?
Market is Open University, Just have To Do PHD
  • #8,352
  • Sep 7, 2024 9:43am Sep 7, 2024 9:43am
hello readers...
i wanted to know what is difference between qm , dm and iqm
some schematics and real chart example would be helpful
Market is Open University, Just have To Do PHD
  • #8,353
  • Sep 8, 2024 3:03am Sep 8, 2024 3:03am
I feel that the rtm method is too subjective, because there is no clear start, it doesn't explain what to look for when opening the clean chart.
  • #8,354
  • Edited 11:12pm Sep 8, 2024 10:44pm | Edited 11:12pm
Quoting kurokazep
I feel that the rtm method is too subjective, because there is no clear start, it doesn't explain what to look for when opening the clean chart.
yes, exactly
because of this
they have different strategy
and strategy doesn't work in the same way for others the way original trader trade
either you build strategy or know the reality
but only few knows the reality
and that reality works for everyone
but what is reality ?
Market is Open University, Just have To Do PHD
  • #8,355
  • Sep 9, 2024 8:55am Sep 9, 2024 8:55am
Quoting bishnuNewar
{quote} yes, exactly because of this they have different strategy and strategy doesn't work in the same way for others the way original trader trade either you build strategy or know the reality but only few knows the reality and that reality works for everyone but what is reality ?
the reality is that you need to trade what you feel comfortable with, make your rules and see what works for you all the traders that trade some aspect of RTM have their winning streaks losing streaks break even periods drawdown peiods... the reality there is no holy grail in trading and you will be always dealing with uncertainty, but regardless of this you can be profitable long term but really it is the most difficult way to make easy money.
  • #8,356
  • Edited 4:16am Sep 10, 2024 1:08am | Edited 4:16am
Quoting kurokazep
I feel that the rtm method is too subjective, because there is no clear start, it doesn't explain what to look for when opening the clean chart.
yea to be honest i wouldnt recommend this style, unless you have someone thats actually profitable from it teach and coach you. it is true that it teaches many/most of the pieces of price reading. but its too much information, between all the timeframes, and it actually makes trading difficult because there's too many things to consider, without someone guiding you on creating your own system. You can end up going in circles without even realizing it.

like i said previously, check out matrix for a more simple system of precise levels. he explained the few things he looked for here. its basically key levels, a fakeout of those key levels, an ftr forms after to support the move, then entering on the first return. But i'll warn that learning to read the key levels takes a long time. its hard. because key levels are literally everywhere. but you start to get the hang of which key levels to use just based on the price structure and movement. matrix said it took him 3 years. i'm not sure if you're willing to put in that time.
RIP RTM - long live Nonsense Trading
  • #8,357
  • Sep 10, 2024 5:24am Sep 10, 2024 5:24am
Quoting ahdat
{quote} yea to be honest i wouldnt recommend this style, unless you have someone thats actually profitable from it teach and coach you. it is true that it teaches many/most of the pieces of price reading. but its too much information, between all the timeframes, and it actually makes trading difficult because there's too many things to consider, without someone guiding you on creating your own system. You can end up going in circles without even realizing it. like i said previously, check out matrix for a more simple system of precise levels. he...
agreed
like osho said, when you know everything, you know nothing
when you know nothing, you know everything
this means you know everything about nothingness
or everything that exists
and the null point from where it starts
Market is Open University, Just have To Do PHD
  • #8,358
  • Sep 10, 2024 7:09am Sep 10, 2024 7:09am
Quoting ahdat
{quote} yea to be honest i wouldnt recommend this style, unless you have someone thats actually profitable from it teach and coach you. it is true that it teaches many/most of the pieces of price reading. but its too much information, between all the timeframes, and it actually makes trading difficult because there's too many things to consider, without someone guiding you on creating your own system. You can end up going in circles without even realizing it. like i said previously, check out matrix for a more simple system of precise levels. he...
what's his username? I had previously heard about Sali and was interested in his way of trading like the art of war, but I still didn't understand
  • #8,359
  • Sep 10, 2024 7:25am Sep 10, 2024 7:25am
Lets see what it looks like.
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  • #8,360
  • Sep 10, 2024 9:36am Sep 10, 2024 9:36am
Quoting kurokazep
{quote} what's his username? I had previously heard about Sali and was interested in his way of trading like the art of war, but I still didn't understand
matrix2016 i think. i use to suggest sali a few years ago. it was good practice but i dont use that style much anymore. only in certain conditions.
RIP RTM - long live Nonsense Trading
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