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ReadtheMarket - Supply and Demand with Price Action

  • #321
  • Jan 2, 2014 7:26pm Jan 2, 2014 7:26pm
Quoting gembel
hii guys.. been silent reaader for a while... today just got my free no deposit acc $40.... first trade on EU hit SL $10... price fell from D1 supply consumed 2 lv demand... my first losses at second demand...agrresive OP lol {image} {image} {image} secong buy short... thx

You see, that pic you posted. That's my issue with the supply/demand trading. You see that supply zone got ran through.

If you would have placed your sell limit trade at that level, would of been a loss.

So my question is this to all, how can a level be gauged and what price action should one look for when price is approaching the levels?

Cause I hear candle sticks aren't important, zones are. But price action is important at the zone. I mean, you dont know when price reaches the zone if it will engulf it or not, so what is the precursor to an engulf or precursor to the zone holding?
  • #322
  • Jan 2, 2014 7:55pm Jan 2, 2014 7:55pm
Quoting dappa
{quote} You see, that pic you posted. That's my issue with the supply/demand trading. You see that supply zone got ran through. If you would have placed your sell limit trade at that level, would of been a loss. So my question is this to all, how can a level be gauged and what price action should one look for when price is approaching the levels? Cause I hear candle sticks aren't important, zones are. But price action is important at the zone. I mean, you dont know when price reaches the zone if it will engulf it or not, so what is the precursor...

Hello Dappa,
Some may be able to trade limit order at a zone but this is advanced IMHO. Personally I wait for the engulf. No engulf no trade.
  • #323
  • Jan 2, 2014 9:44pm Jan 2, 2014 9:44pm
dappa, hope i can help

let's use that USDX H1 chart you ask. On this chart, we have 80.75 and 80.4 as TWO supply levels; and 80 and 79.7 as demand levels. two supply levels, two demand levels.

now, if before Dec 31, and you'd like to place an entry, where would you enter?

my suggestion: you of coz want to sell @ 80.75, and buy @ 79.7; you should avoid enter @ 80.4 or 80.

reasons are:
1. 80.75 is more significant supply level as well as 79.7 as demand; while 80.4 is minor supply as well as 80 minor demand. don't you agree?
2. in case the price doesn't reach 80.75 or 79.7, what do you lose? you didn't lose anything, did you? why do you have to catch this train?
3. realising the 80.4 and 80 are weak S/D levels, you might of coz want to place, say, 0.1 lot @ these two levels, but 0.2 or 0.3 lots @ two outside significant levels(80.75, and 79.7). some position sizing can help.
4. the RR is usually better than 1:3. even if you trade in the weak S/D and get stopped out, you won't lose much.

Quoting dappa
{quote} You see, that pic you posted. That's my issue with the supply/demand trading. You see that supply zone got ran through. If you would have placed your sell limit trade at that level, would of been a loss. So my question is this to all, how can a level be gauged and what price action should one look for when price is approaching the levels?
  • #324
  • Jan 2, 2014 11:36pm Jan 2, 2014 11:36pm
Quoting mertch
{quote} I'm to stupid to tell you where to buy. I can only spot easy one.
hahah lol
there no such thing as stupid
if u are stupid then iam an idiot also

we all here also try learn....
hopefully we all can pull together,,,
  • #325
  • Feb 7, 2014 7:25am Feb 7, 2014 7:25am
GJ long, full position closed at 244 pips
Attached Image (click to enlarge)
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  • #326
  • Feb 7, 2014 1:10pm Feb 7, 2014 1:10pm
Scalp, with all PA.
The low made enged lower. I entered at the nearest FlagLimit on a small retrace.
Closed position after price has broken the Low and showed reversal PA.
Attached Image (click to enlarge)
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--Be in the NOW or get lost in time.--
  • #327
  • Feb 8, 2014 2:19am Feb 8, 2014 2:19am
scalp taken off daily fo level + 100 pips

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  • #328
  • Feb 10, 2014 2:39am Feb 10, 2014 2:39am
That was such a brilliant level it got a mention in the final lesson of the Price Reading Section . Unfortunately, nobody can read it until our host starts working again.

We're sorry both sites are down; hopefully there'll be news of their return soon. You can check https://twitter.com/bluehostsupport for updates
  • #329
  • Feb 10, 2014 4:08am Feb 10, 2014 4:08am
Quoting Ifmyante
That was such a brilliant level it got a mention in the final lesson of the Price Reading Section . Unfortunately, nobody can read it until our host starts working again. We're sorry both sites are down; hopefully there'll be news of their return soon. You can check https://twitter.com/bluehostsupport for updates
Hi. When you are going to update about order flow on RTM ?
Thanks.
-milkeyway
  • #330
  • Feb 10, 2014 5:35am Feb 10, 2014 5:35am
I've written about order flow on nearly every chart I've ever marked!

Missing links in Markepedia don't mean missing links in your education; Be diligent and read all my posts, and you'll learn from them everything you'll ever need to know.

We'll get an article about order-flow up soon, but don't let its absence stop you from learning
  • #331
  • Feb 10, 2014 5:38am Feb 10, 2014 5:38am
Quoting Ifmyante
I've written about order flow on nearly every chart I've ever marked! Missing links in Markepedia don't mean missing links in your education; Be diligent and read all my posts, and you'll learn from them everything you'll ever need to know. We'll get an article about order-flow up soon, but don't let its absence stop you from learning
Harry Banned me on RTM because I was asking for some trade setup examples so that I could understand more clearly with practicals and he thought I am demanding stuff. My username was Milkeyway.
-milkeyway
  • #332
  • Feb 10, 2014 6:18am Feb 10, 2014 6:18am
Ah I remember hearing about someone new who kept asking many basic questions seemingly without having read the material first.

I thought you'd been suspended for two weeks after not heeding a warning you'd been given.

Harry will fill me in on the details once he returns from lunch
  • #333
  • Feb 10, 2014 7:09am Feb 10, 2014 7:09am
Ah yes, Harry has filled me in.

In RTM, I've taught everything that needs to be known. That doesn't mean that you can read it and then be a master trader. You need to apply everything you've read to the charts, and pore over history until it makes perfect sense to you.

The only way to fast-track the learning curve is to join the academy, and although that's the finest education you can get, it takes lots of work too.

In RTM, we have our rules clearly defined about begging and pestering, and you broke them.
If you feel you were unfairly treated, however, get in contact with RTM and we'll look into it
  • #334
  • Feb 10, 2014 7:09am Feb 10, 2014 7:09am
Quoting Ifmyante
Ah I remember hearing about someone new who kept asking many basic questions seemingly without having read the material first. I thought you'd been suspended for two weeks after not heeding a warning you'd been given. Harry will fill me in on the details once he returns from lunch
I did read all the marketpedia. I said that too. But I just wanted to study some trade setup example. But Harry thought I am demanding stuff.
-milkeyway
  • #335
  • Feb 10, 2014 7:13am Feb 10, 2014 7:13am
Quoting Ifmyante
Ah yes, Harry has filled me in. In RTM, I've taught everything that needs to be known. That doesn't mean that you can read it and then be a master trader. You need to apply everything you've read to the charts, and pore over history until it makes perfect sense to you. The only way to fast-track the learning curve is to join the academy, and although that's the finest education you can get, it takes lots of work too. In RTM, we have our rules clearly defined about begging and pestering, and you broke them. If you feel you were unfairly treated,...
Sir, I apologize if I have made any mistake but it is all about misunderstanding about me. So, I don't blame him.
-milkeyway
  • #336
  • Feb 10, 2014 7:27am Feb 10, 2014 7:27am
I have to say that, having re-read the posts, I agree completely with Harry

But if you'd like to come back and follow the example of our members who're working hard together and progressing up the ladder, we're happy to re-open your account
  • #337
  • Feb 10, 2014 7:30am Feb 10, 2014 7:30am
Quoting Ifmyante
I have to say that, having re-read the posts, I agree completely with Harry But if you'd like to come back and follow the example of our members who're working hard together and progressing up the ladder, we're happy to re-open your account
I am always ready to come back. If you can see 1st page of this thread you have given very beautiful example of trade setup. I wanted to study the same but Harry thought I am asking wrong thing.
-milkeyway
  • #338
  • Feb 10, 2014 7:41am Feb 10, 2014 7:41am
The charts are absolutely littered with trade setups!

RTM is a guidebook for your journey through the market - read the guide, but immerse yourself in the market - it's the only way to know it.

Welcome back to RTM; use your time there wisely
  • #339
  • Feb 10, 2014 7:45am Feb 10, 2014 7:45am
Quoting Ifmyante
The charts are absolutely littered with trade setups! RTM is a guidebook for your journey through the market - read the guide, but immerse yourself in the market - it's the only way to know it. Welcome back to RTM; use your time there wisely
Thank you very much Ifmyante
-milkeyway
  • #340
  • Feb 20, 2014 12:27am Feb 20, 2014 12:27am
Long Loonie, Partial banking aprox 165p.
Entry at Historical QM level aligned with massive compression.
Attached Image(s) (click to enlarge)
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