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ReadtheMarket - Supply and Demand with Price Action

  • #101
  • May 14, 2013 3:14am May 14, 2013 3:14am
That's cheered me up no end

If, leading his people to the promised host, turns to them and says "erm, does anybody know where we're going?"
  • #102
  • May 14, 2013 3:21am May 14, 2013 3:21am
I would be completely lost in trying to do any of this

I have the world's best tech guys working tirelessly every day to keep RTM going

I truly hope I can repay their dedication someday.

Gil, Martin, you guys are true stars
  • #103
  • May 14, 2013 3:46am May 14, 2013 3:46am
hi if
I practice my technique so you still have problems to enter the lines you've drawn are entry points for
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  • #104
  • May 14, 2013 3:48am May 14, 2013 3:48am
Quoting randolf
hi if I practice my technique so you still have problems to enter the lines you've drawn are entry points for {image}
Just a question, what made you short where you did?
  • #105
  • May 14, 2013 3:52am May 14, 2013 3:52am
I'm a little unclear as to what your question is - perhaps if you add your queries to the chart I can help

As it is though, you're selling low, which is of course a mistake, and your sl is below Supply.

This is a serious issue which you must address

Please come back to me with a chart my stupid mind can understand
  • #106
  • May 14, 2013 3:58am May 14, 2013 3:58am
If it helps anybody out there, let me tell you where I'm at with my trading:

I don't take any trades at all unless the chart is screaming at me "Take the trade, dummy! You're a complete F***ing idiot if you don't take this trade!!!!!"

This is working really well for me, and believe me, I still find lots of trade opps
  • #107
  • May 14, 2013 3:58am May 14, 2013 3:58am
Quoting Ifmyante
I'm a little unclear as to what your question is - perhaps if you add your queries to the chart I can help As it is though, you're selling low, which is of course a mistake, and your sl is below Supply. This is a serious issue which you must address Please come back to me with a chart my stupid mind can understand
what is the best entry point i have problem for entry point
Please guide me on the same chart as above, which I sent
  • #108
  • May 14, 2013 4:10am May 14, 2013 4:10am
I'm new so maybe my questions are a bit easier
  • #109
  • May 14, 2013 4:19am May 14, 2013 4:19am
As I said above - let the chart scream at you to take a trade

If you're at HTF demand, await an engulf north of an important supply - this is the signal that price wants to get into the higher zone

Find a point where price wants to retrace to - a nice DBR or FTR at a Fakeout level is a great candidate. Wait there for price to return - that's your best setup

Here's one from yesterday - it screamed "SELL!!!!!!!!
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"
  • #110
  • May 14, 2013 4:20am May 14, 2013 4:20am
Quoting randolf
{quote} what is the best entry point i have problem for entry point Please guide me on the same chart as above, which I sent
Look on your chart and look for the large moves, if the move is bullish - an ideal entry point would be the very first bearish candle right before the large move. If the large move is bearish - an ideal entry point would be the very first bullish candle right before the large move. If you want to be move accurate, price often will touch that particular candles open price before bouncing away, but to make S&D trading to work you need to have a sound understand of price action, how price moves and whether an area is likely to hold or not, if an area hasn't been re-tested or re hit since price moved away from it, thats a high probability trade right there.

Just my opinion.

  • #111
  • May 14, 2013 4:20am May 14, 2013 4:20am
Quoting randolf
{quote} what is the best entry point i have problem for entry point Please guide me on the same chart as above, which I sent
Dear Rrandolf,

if you are new, forget about finding entry points for now. There is a long journey before you. Wait until readthemarket.com is online again, read the Marketpedia section well and do the homework tasks. Start your journal and post your homework charts, experienced traders will help you.

This is the philosophy of RTM: we help each other.

Les_Paul
  • #112
  • May 14, 2013 4:31am May 14, 2013 4:31am
readthemarket.com is down? my browser messge "The plugin JAT3 framework must be installed and enabled." what is jat3?
  • #113
  • May 14, 2013 4:32am May 14, 2013 4:32am
Quoting GDR3k
{quote} Look on your chart and look for the large moves, if the move is bullish - an ideal entry point would be the very first bearish candle right before the large move. If the large move is bearish - an ideal entry point would be the very first bullish candle right before the large move. If you want to be move accurate, price often will touch that particular candles open price before bouncing away, but to make S&D trading to work you need to have a sound understand of price action, how price moves and whether an area is likely to hold or not,...
That may well be a workable method

I never care about candles though - apart from pre market opens and pre news setups, I give time no importance at all (and time is a factor in candles)

I rather look for decisions on price - the failure to return to a zone once broken is one of the most important
  • #114
  • May 14, 2013 4:40am May 14, 2013 4:40am
dear ifmynate
one question readthemarket.com is down?
  • #115
  • May 14, 2013 4:42am May 14, 2013 4:42am
If, in your EURJPY example you identified one part of PA as FL, shouldn't it be FTR? LP
  • #116
  • May 14, 2013 5:04am May 14, 2013 5:04am
Yes, unfortunately RTM's old host have messed us around for the last time. So we're moving to another

LP, for me, if there's no FTR, there's no FL

They're exactly the same thing. Knowing this makes reading the market very simple indeed
  • #117
  • May 14, 2013 5:15am May 14, 2013 5:15am
Where should I start to learn your way I'm a very active man
  • #118
  • May 14, 2013 5:16am May 14, 2013 5:16am
Quoting Ifmyante
So we're moving to another LP, for me, if there's no FTR, there's no FL They're exactly the same thing. Knowing this makes reading the market very simple indeed
hmmm, an gigantic lightbulb was just switched on in my head... thank you! LP
  • #119
  • May 14, 2013 5:23am May 14, 2013 5:23am
Quoting Les_Paul
{quote} hmmm, an gigantic lightbulb was just switched on in my head... thank you! LP




Yes, it really is THAT SIMPLE
  • #120
  • May 14, 2013 5:24am May 14, 2013 5:24am
Quoting randolf
Where should I start to learn your way I'm a very active man
There's a great free site called readthemarket.com

It'll open again sometime today
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