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ReadtheMarket - Supply and Demand with Price Action

  • #401
  • Feb 27, 2014 4:39pm Feb 27, 2014 4:39pm
Quoting dappa
{quote} How are you trading by chance and luck? How does that bring consistency?
I think you miss understand. Trading is always a calculated risk. It is never 100%. I am always a big proponent of risk/reward when it comes to trading. Risking x pips for y pips, where y should always be at least equal to or greater than x. Luck has very little to do with it. We can only trade under the assumption that price can or will hold, we set our risk appropriately, and let the trade play out.

With a properly calculated risk : reward, you don't even have to be right more than half the time. However, it is worth noting that supply and demand trading when properly implemented, leads to a very high win/loss ratio.
  • #402
  • Feb 27, 2014 6:13pm Feb 27, 2014 6:13pm
Quoting dappa
{quote} Thanks man ,I'm doing ok. Still trying to find my way. Well I saw your post. Now lets say that price engulfed that extreme high of the orginal base/ flag what ever you wanna call it. That would be a signal to go long, being there is no more supply at that level?
Hey Dappa,

If it engulfed the actual (orginal) supply say the flag, than yes I would be looking for a trade if we get a nice retracement to the orginal area of the move. ie: a good level of demand. The engulf would mean a shift in direction. This is my understanding so dont take it as gospel
Bye Bye FF
  • #403
  • Feb 27, 2014 6:28pm Feb 27, 2014 6:28pm
Quoting Venice
{quote} I think you miss understand. Trading is always a calculated risk. It is never 100%. I am always a big proponent of risk/reward when it comes to trading. Risking x pips for y pips, where y should always be at least equal to or greater than x. Luck has very little to do with it. We can only trade under the assumption that price can or will hold, we set our risk appropriately, and let the trade play out. With a properly calculated risk : reward, you don't even have to be right more than half the time. However, it is worth noting that supply...

Hi Venice, it's good to see you around again!

Trading supply and demand blindly certainly is gambling, and that's always made me feel very uncomfortable.
That's what made me look deeper into the actions of the ITs. Simply studying them and decoding their algorithms has made it very clear that supply and demand are just as much a smokescreen as the fib or the trendline or countless other conventional analysis tools.
They're made to work sometimes and not work others.
If you can look beyond S/D, you'll see that the Flag Limit is the only true place to look for PA for a trade. Trade these levels and you're taking gambling out of your method.

Chica, you are so on the right track with what you're doing
I'm really looking forward to seeing where you go from here!
  • #404
  • Feb 27, 2014 8:28pm Feb 27, 2014 8:28pm
Quoting Ifmyante
{quote} Hi Venice, it's good to see you around again! Trading supply and demand blindly certainly is gambling, and that's always made me feel very uncomfortable. That's what made me look deeper into the actions of the ITs. Simply studying them and decoding their algorithms has made it very clear that supply and demand are just as much a smokescreen as the fib or the trendline or countless other conventional analysis tools. They're made to work sometimes and not work others. If you can look beyond S/D, you'll see that the Flag Limit is the only true...
You as well If! What exactly do you mean by flag limit? New term for me... Hehe. Are you referring to the base of the flag pole?
  • #405
  • Feb 28, 2014 2:22am Feb 28, 2014 2:22am
This one's a game changer
http://readthemarket.com/index.php/education/markepedia/166-education1/markepedia/485-flag-limits
  • #406
  • Feb 28, 2014 4:08am Feb 28, 2014 4:08am
Quoting MaxDoom
{quote} you are such an idiot with an agenda...... where does it say in the FF rules that everyone must provide a trade explorer? or that you can't teach unless you trade? or that everyone must be willing to be berated by somebody like you ie: someone with an entire post history just asking for trade explorers and going on a rant about it? you bring nothing to FF your ideal of cleaning up the commercial section is without credibility because of the way you have gone about it.... oh.. and of course I should mention the fact that you set up an additional...
i bring nothing to FF? so what u are bringing then? 8,058 posts of the garbage WOW. u are just another dreamer no hope of beign the profitable trader so u writing thousands of posts of total rubbish spendign all day and night here like the loser you is. no one cares about ur rubbish. seems u spend all day here on forum man u need to get life. 20 or 30 posts u postign all day every day. u are no married, no girlfriend?

keep dreaming mr goat (nice picture) of being real trader one day caus it will never happen and enjoy gettign scammed by the sellers. u are just upset because i banned u from my thread u are like a small child. and btw i getting plenty of PMs telling me i am doing great job here so pls mind own business mr goat.

oh and change ur namme to MaxCrap.

sgp
  • #407
  • Feb 28, 2014 5:21am Feb 28, 2014 5:21am
Quoting Chica
{quote} Hey Dappa, If it engulfed the actual (orginal) supply say the flag, than yes I would be looking for a trade if we get a nice retracement to the orginal area of the move. ie: a good level of demand. The engulf would mean a shift in direction. This is my understanding so dont take it as gospel

Sorry, to ask. could you demonstrate that on a chart?
I can never track what people mean when they talk a chart through. Since this seems so crucial a distinction it would perhaps benefit many here.
  • #408
  • Feb 28, 2014 5:24am Feb 28, 2014 5:24am
Ok Bufet

you're not going to be allowed lower the tone here further.
Time to get you banned.

One last thing; please quote me fully in your thread. As it is you're showing yourself to be FOS
  • #409
  • Feb 28, 2014 5:49am Feb 28, 2014 5:49am
Ah, I've just learned more about how FF works

I thought I couldn't post in that worm's thread because I'm a commercial member. But that's not the case!

I simply can't post there because he's blocked me from posting there.

Only a coward and despot blocks the right to reply.

Bufet, I'm sure I speak for the whole trading community when I say "May you die screaming buddy!"
  • #410
  • Feb 28, 2014 5:55am Feb 28, 2014 5:55am
He's gone now, until he creates a new username.

So please carry on with that trading conversation - I think it's really about to take shape
  • #411
  • Feb 28, 2014 6:14am Feb 28, 2014 6:14am
Quoting sgpbufet
{quote} i bring nothing to FF? so what u are bringing then? 8,058 posts of the garbage WOW. u are just another dreamer no hope of beign the profitable trader so u writing thousands of posts of total rubbish spendign all day and night here like the loser you is. no one cares about ur rubbish. seems u spend all day here on forum man u need to get life. 20 or 30 posts u postign all day every day. u are no married, no girlfriend? keep dreaming mr goat (nice picture) of being real trader one day caus it will never happen and enjoy...
well well....

lets see here shall we....

1) if I really had 8058 posts of garbage then I wouldn't have 132 subscribers versus your 3 would I, and clearly you obviously have not read my posts and know nothing about trading if you think they are all garbage.

2) dreamer of being profitable? I have been trading since early 90's it is how I make a living and an extremely nice one at that, am I just saying that... no some members here have met up with me in person - what about you mr troll?

3) upset because you banned me? - not a chance, but I find it super stupid bearing in mind my post didn't disagree with you and just commented on the way you were going about things and yet you banned me instantly along with anyone else that does not agree with you - why is that such a problem? because you were complaining yourself about getting banned from threads because somebody doesn't agree with your post - so go figure that Mr DO AS I SAY NOT AS I DO......

Now lets consider your actions shall we....

You think that you are cleaning up the commercial thread by going around demanding trade explorers, but in reality you are self-defeating because you have gone about it in such a rant and rage that you now have zero credibility.... You completely miss the point that trade explorers really prove very little they may not even be from the system being sold etc. and bigger value traders have completely different accounts to retail and couldn't link if they wanted too.....

You claim that somebody who sells training but does not trade themselves are frauds - that is such a stupid statement I really do not know where to begin... there are many noobs who would like to learn basic systems, basic trading skills, etc. does that require a trader explorer, of course not, etc etc.

You seem to have it in your head that anybody selling anything that does not have a trade explorer for it is a fraud, yet that is so far from reality....

But most importantly you have posted nothing but these rants on FF you have offered no trading insight, no knowledge, no credentials to even make all these wild accusations except that you have probably been burnt by some fraudsters I am guessing...... so when you talk about garbage posts go read own.....

Does that mean I think all the commercials posters are good guys? well as I said before if you had taken the time to read my first post to you instead of just banning me, I don't know. I am sure that some of them are outright frauds and where I see that I have called them out, but I am also sure that some of them are good guys with genuine products, and the rest fall in the middle, nice guys with a product to sell but the product is not up to much.

More importantly, I also disrupted a true criminal conman at work here and saved a lot people a lot of money his private room was full of noobs eager to handover the cash. But I was able to expose him because of my contacts in the trading world meant I could prove he did not hold the corporate trading positions that he claimed.... so if you think I am on the side of scammers and fraudsters you couldn't be more wrong...

and I will tell you something else that is wrong --- you creating multiple accounts which is normally the first sign of a scammer and firmly against the rules of FF.

So instead of arguing and banning anybody that posts the slightest question mark about your activities (like all good scammers do) why don't you try opening your ears for a change oh and maybe offering something to FF members other than your rantings.... have you even the slightest idea how to trade yourself? is that why you got scammed maybe?
  • #412
  • Feb 28, 2014 6:27am Feb 28, 2014 6:27am
I just tried to open a thread in the Members' Lounge called "About sgpbufet and his manners", where everybody who would like to support or air a grievance with him could do so without being banned, but it seems I'm not allowed open a thread there.


Anyone like to take the lead? It would certainly clean up FF to have his rubbish centralised
  • #413
  • Feb 28, 2014 7:25am Feb 28, 2014 7:25am
Quoting Ifmyante
This one's a game changer http://readthemarket.com/index.php/education/markepedia/166-education1/markepedia/485-flag-limits
Hey If,

I am getting a bunch of

  1. You are not authorised to view this resource.

Messages when trying to attempt to visit any content in the Markepedia section (and the link you provided). It looks like things may be a little amiss right now as the login form randomly disappeared too. Or maybe it thinks I am logged in... but the links at the top of the page still read "Login | Create an account"

  • #414
  • Feb 28, 2014 7:46am Feb 28, 2014 7:46am
Oh I'm the worst to ask about tech stuff

I'll ask one of the guys to help get you fixed
  • #415
  • Feb 28, 2014 8:24am Feb 28, 2014 8:24am
IF
in post 403 you said:
"Trading supply and demand blindly certainly is gambling, and that's always made me feel very uncomfortable."

I'd have to concur that being my experience also.


Your solution:

"If you can look beyond S/D, you'll see that the Flag Limit is the only true place to look for PA for a trade. Trade these levels and you're taking gambling out of your method."

Would you or anyone who understands this, kindly post a chart explaining and illustrating this? This seems to be the crucial key.

Much appreciated
  • #416
  • Feb 28, 2014 8:26am Feb 28, 2014 8:26am
Quoting Ifmyante
Oh I'm the worst to ask about tech stuff I'll ask one of the guys to help get you fixed
Thanks Bud.

I did stumble across a few others examples of Flag Limits in the forum and it looks like I have been trading something very similar myself. Just with no name

Some of my favorite trades are those that return to the base of the original flag pole (after what seems like a million candles in between) or what appears to be what you call flag limits, where price returns to the initial base of the consolidation zone of a flag. Definitely interested to check out this article.
  • #417
  • Feb 28, 2014 8:30am Feb 28, 2014 8:30am
http://www.forexfactory.com/showthread.php?p=7311567#post7311567
Bye Bye FF
  • #418
  • Feb 28, 2014 8:56am Feb 28, 2014 8:56am
Well done Chica. He has no place to hide now
  • #419
  • Feb 28, 2014 9:05am Feb 28, 2014 9:05am
hi just to get the back into SD i am posting my chart which is already in my RTM journal

I am presenting a 1 hr EU chart- this is a failed entry, i thought the level i was shorting will hold due to:
1. Engulfing of the flip zone below hence indicating downward breach of this level to come
2.Demands 1,2,3,4 all engulfed showing strong supply at source
well the stop was hit as seen on rthe 2nd chart and its probably heading towards 4h supply (untested)
i now wonder if the engulf (eng) was infact a FO but if this is the case its not hitting any zone below
An early indication imo is the break of supply just before the big move.
Please comment if my thinkin is wrong
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1h eu.jpg Size: 85 KB
Click to Enlarge Name: 2014-02-28EUcomp.jpg Size: 51 KB
  • #420
  • Feb 28, 2014 10:18am Feb 28, 2014 10:18am
Quoting Ifmyante
{quote} Hi Venice, it's good to see you around again! Trading supply and demand blindly certainly is gambling, and that's always made me feel very uncomfortable. That's what made me look deeper into the actions of the ITs. Simply studying them and decoding their algorithms has made it very clear that supply and demand are just as much a smokescreen as the fib or the trendline or countless other conventional analysis tools. They're made to work sometimes and not work others. If you can look beyond S/D, you'll see that the Flag Limit is the only true...
Cheers IF I'm getting there, re reading r.t.m and hours of chart time is helping my friend!!!
Bye Bye FF
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