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ReadtheMarket - Supply and Demand with Price Action
- #342
- Feb 20, 2014 12:38am Feb 20, 2014 12:38am
- Joined May 2011 | Status: Trader | 1,374 Posts
-milkeyway
- #347
- Feb 20, 2014 3:34am Feb 20, 2014 3:34am
- | Membership Revoked | Joined Nov 2010 | 3,072 Posts
This is really beautiful stuff guys, and for the most part, textbook 
- #351
- Feb 20, 2014 5:03am Feb 20, 2014 5:03am
- | Membership Revoked | Joined Nov 2010 | 3,072 Posts
A massive CONGRATULATIONS to all our RTM Academy Price Reading Graduates!!
You really did me proud
You really did me proud
- #353
- Edited Feb 21, 2014 12:20am Feb 20, 2014 1:23pm | Edited Feb 21, 2014 12:20am
- | Membership Revoked | Joined Nov 2010 | 3,072 Posts
The feedback is beginning to come in from our students http://rtmacademy.com/index.php/feedback-from-students (http://rtmacademy.com/index.php/feedback-from-studens)
I couldn't be more happy
I couldn't be more happy
- #357
- Feb 24, 2014 9:45am Feb 24, 2014 9:45am
- | Membership Revoked | Joined Nov 2010 | 3,072 Posts
Yup. That's basically it 
For best results, we like to have the big guys show us what they want to do and then we get the best price possible on retrace.
We have some other, more advanced methods as well, but they're best learned after the basics are mastered
For best results, we like to have the big guys show us what they want to do and then we get the best price possible on retrace.
We have some other, more advanced methods as well, but they're best learned after the basics are mastered
- #358
- Feb 24, 2014 12:05pm Feb 24, 2014 12:05pm
IF,
Do you often have the issue of a fake out that you suspected is an engulf and take it as a sign that price wants to move in a certain direction. Or are there some factors that help keep these to a minimum.
Cherrs,
Do you often have the issue of a fake out that you suspected is an engulf and take it as a sign that price wants to move in a certain direction. Or are there some factors that help keep these to a minimum.
Cherrs,
Bye Bye FF
IF, Do you often have the issue of a fake out that you suspected is an engulf and take it as a sign that price wants to move in a certain direction. Or are there some factors that help keep these to a minimum. Cherrs,
Very good question. how do you deal with fake break outs, cause that s what they are. Price engulfs a level and then turns around.
- #360
- Feb 25, 2014 12:10am Feb 25, 2014 12:10am
- | Membership Revoked | Joined Nov 2010 | 3,072 Posts
Fakeouts are extremely easy to predict.
Most SD traders still look directly left, which is the big shortcoming of Supply/Demand trading.
It's further left again we should be looking
Say price is coming up to a supply. The only way we can be sure that supply will hold price down is if that supply has already visited the extreme set of orders in the flag limit to its left.
If the supply fell short of that, we can anticipate a FO to those extreme orders.
Extremely simple stuff
Most SD traders still look directly left, which is the big shortcoming of Supply/Demand trading.
It's further left again we should be looking
Say price is coming up to a supply. The only way we can be sure that supply will hold price down is if that supply has already visited the extreme set of orders in the flag limit to its left.
If the supply fell short of that, we can anticipate a FO to those extreme orders.
Extremely simple stuff