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ReadtheMarket - Supply and Demand with Price Action

  • #281
  • Dec 20, 2013 8:43am Dec 20, 2013 8:43am
Goodbye Mingary

Please don't ever post here again
  • #282
  • Dec 20, 2013 8:47am Dec 20, 2013 8:47am
Quoting Ifmyante
Goodbye Mingary Please don't ever post here again
Ok. Thanks for your time and effort
  • #283
  • Dec 20, 2013 5:34pm Dec 20, 2013 5:34pm
I've been studying RTM, Reds thread, and anywhere else I get pointed to that peaks my interest in the hopes of learning what to believe about everything.
I just ran a video on youtube I think everyone should watch. I've only watched it once so far and the interview is a little hard to understand sometimes but i'm curious what people have to say about it. You gotta listen to the whole thing before arguing either point currently being discussed here.
I'm not trying to fuel the fire by either side here, I just really want to know everyone's opinion.
Either way I will continue to be a (new) student of RTM and all related material because one way or another, it's pretty obvious it does work.
Redsword11 posted masses of charts in real time and was a master of predicting where prices would go. That's not hindsight there.
By the way, since I can't get an answer anywhere else, anyone know what ever happened to Red?
I know he may have been a little too overconfident in his market reading abilities at times.

"Insider secrets from a Forex Bank Trader"
http://www.youtube.com/watch?v=GyFVOFbhFws
  • #284
  • Dec 20, 2013 6:56pm Dec 20, 2013 6:56pm
Quoting Mikey-S
I've been studying RTM, Reds thread, and anywhere else I get pointed to that peaks my interest in the hopes of learning what to believe about everything. I just ran a video on youtube I think everyone should watch. I've only watched it once so far and the interview is a little hard to understand sometimes but i'm curious what people have to say about it. You gotta listen to the whole thing before arguing either point currently being discussed here. I'm not trying to fuel the fire by either side here, I just really want to know everyone's opinion....

Hey, where is Red thread by the way. Can you post a link to it.
  • #285
  • Dec 20, 2013 6:59pm Dec 20, 2013 6:59pm
Quoting dappa
{quote} Hey, where is Red thread by the way. Can you post a link to it.

http://www.forexfactory.com/showthread.php?t=230888
  • #286
  • Dec 20, 2013 8:22pm Dec 20, 2013 8:22pm
The thing that I am not getting, is the chart illustrations of the engulfs. The depictions and illustrations don't jive. The engulfs dont seem to engulf anything, it just looks like an outside bar , as far as the context of it and PA and , I am lost. I understand what a liquidity gap is. I know how to find supply and demand levels.

What i don't get is the engulf that is talked about in regards to these levels. I enterpret an engulf, as engulfing bar. An engulfing bar engulfing a level.

But I don't see that represented in the chart pics. I see a FTR zone and an annotation of an engulf bar below the zone. I don't know how an engulf below the zone relates to the FTR zone.

I am not following along with the annotations and how they relate to the supply and demand levels. Thats where I am hung up.
I am not lost , just confused to the understanding and tieing in of this engulf bar in relation to supply and demand levels.

If that makes sense to anyone.

But since Red is the guy that taught everyone, where is his thread loacted on FF.
Hey IFmyant , I know your not trying to stare anyone wrong,
  • #287
  • Edited 11:23pm Dec 20, 2013 9:01pm | Edited 11:23pm
I've been a little confused on Engulfing myself. I've been watching a lot of videos that show "this area was engulfed" which I would have originally thought meant by one bar but even if you have 3 up bars engulfing a bunch of smaller down bars it's still and Engulf oh a higher time frame. I just see to many areas where both the down bars and up bars look exactly the same and it's called an engulfed area which throws me off. I see Al Brooks say it a lot in his videos. (I think it was Al brooks, I may be wrong on that)
  • #288
  • Dec 20, 2013 9:42pm Dec 20, 2013 9:42pm
Quoting Mikey-S
I've been a little confused on Engulfing myself. I've been watching a lot of videos that show "this area was engulfed" which I would have originally thought meant by one bar but even if you have 3 up bars engulfing a bunch of smaller down bars it's still and Engulf oh a higher time frame. I just see to many areas where both the down bars and up bars look exactly the same and it's called an engulfed area which throws me off. I see Al Brooks say it a lot in his videos.

And they make me feel like Im the only one that doesn't get it. I have been trying to understand what they are referring to when they use the term. i have watched the videos on RTM. watched the chart pics and I cant seem to follow along with their explanations.

Glad I'm not alone in my understanding.
  • #289
  • Dec 20, 2013 11:27pm Dec 20, 2013 11:27pm
Quoting dappa
{quote} And they make me feel like Im the only one that doesn't get it. I have been trying to understand what they are referring to when they use the term. i have watched the videos on RTM. watched the chart pics and I cant seem to follow along with their explanations. Glad I'm not alone in my understanding.
engulf simply means a new swing hi/low .
  • #290
  • Edited Dec 21, 2013 1:15am Dec 20, 2013 11:40pm | Edited Dec 21, 2013 1:15am
Quoting 200km
{quote} engulf simply means a new swing hi/low .
If that's how everyone is referring to it, that actually makes a lot more sense. I've always thought of it as larger bars engulfing smaller bars, but in this context as shown in the pic, it's just one trend engulfing a previous trend.
Can others confirm this? Just wan't to make sure I'm on the right path here because there couldn't be a more simple and easy explanation than this.
I'm not sure that would answer everything I've seen but it would be a huge step forward.
I think it's the "wait for a bullish/bearing engulfing pattern to confirm the reversal" which is where i've seen a lot of "engulfing patterns" that didn't look engulfing at all. Hmm, going to have to look at things a little different now and hope the lightbulb isn't dead.
Thank you 200km.

Now that I'm looking at this picture a little closer, I see that it is referencing the Bearish Engulfing Bar itself I believe, not the actual trend although if this was turned into a 4hr chart it would be an Engulfing bar as well.....


http://c.mql5cdn.com/3/22/Bearish3.gif
  • #291
  • Edited 12:45am Dec 21, 2013 12:17am | Edited 12:45am
Quoting Mikey-S
{quote} If that's how everyone is referring to it, that actually makes a lot more sense. I've always thought of it as larger bars engulfing smaller bars, but in this context as shown in the pic, it's just one trend engulfing a previous trend. Can others confirm this? Just wan't to make sure I'm on the right path here because there couldn't be a more simple and easy explanation than this. Thank you 200km. {image}
that red line breaks the higher high /higher low pattern and now you have a lower low we call it an engulf.when price retrace back towards the high look for weakness or traditional candle stick patterns for a short entry near the top. stop loss is few pips above the high.

Attached Image (click to enlarge)
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examples
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Attached Image
  • #292
  • Edited 1:12am Dec 21, 2013 12:58am | Edited 1:12am
OK, now that i'm looking at everything again and watching the RTM video "What's an Engulf Price Action Trading" video i've even confused myself on what I've been confused about.

The video makes sense and is a good video; however, it runs through so much of everything and talks about areas that are Engulfed in the process I think I left it more confused than before I watched it. Don't get me wrong i'm not ragging on the video, it just left me confused. Rewatching the video I can see that the details are at the beginning.

I'll have to put this to use and see if my perception of things have cleared up.

Many thanks 200km
  • #293
  • Edited 2:09am Dec 21, 2013 1:35am | Edited 2:09am
While we're at it. What does the not so condensed version of "Engulfs - wants next - trade opps on RT" actually say/mean? Kind of tough when you don't already know what the pieces of the puzzle mean and you have to bounce around to put things together


Engulf - wants next - opposite on Retrace............



http://readthemarket.com/images/engulf_if-then1.jpg
  • #294
  • Dec 21, 2013 1:49am Dec 21, 2013 1:49am
Quoting Mikey-S
While we're at it. What does the not so condensed version of "Engulfs - wants next - trade opps on RT" actually say/mean? Kind of tough when you don't already know what the pieces of the puzzle mean and you have to bounce around to put things together. {image}
i think it means

1- engulfs ...trade opposite on retracement i.e when price retrace up after the engulf > trade opposite/short because price wants to go down to the next low
  • #295
  • Edited 2:13am Dec 21, 2013 1:59am | Edited 2:13am
Thank you. It's the little things that slow me down I guess.
  • #296
  • Dec 21, 2013 3:02am Dec 21, 2013 3:02am
Ah!

Now it's beginning to come together

I'll crack up though if I ever read about an "engulfing candle"! They mean absolutely nothing without the engulf of a pole base.
  • #297
  • Dec 21, 2013 8:24pm Dec 21, 2013 8:24pm
Quoting Ifmyante
They mean absolutely nothing without the engulf of a pole base.
What's a pole base?
No longer trading forex. Looking for full time job.
  • #298
  • Dec 21, 2013 8:35pm Dec 21, 2013 8:35pm
Quoting mmaker
{quote} What's a pole base?
From Red:
Attached Image
  • #299
  • Dec 22, 2013 9:00am Dec 22, 2013 9:00am
Nice one Mikey

No need to explain further, as you've got it all right there
  • #300
  • Dec 23, 2013 9:16am Dec 23, 2013 9:16am
Does anyone know where REDS thread is?
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