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ReadtheMarket - Supply and Demand with Price Action

  • #461
  • Edited 9:40am Mar 11, 2014 9:20am | Edited 9:40am
Quoting dappa
{quote} Flag limit represents what? MEaning what is happening behind the scene to for the price action to manifest it self on the chart as a flag limit?
I think it would be best if If explained this... or linked to the article. I am still working my mind through what exactly these are. Previously, I would see them and trade them as untested decision areas (supply consumption and break above or demand consumption and break below). I can see them and they seem to be pretty darn reliable, but I still have a lot of questions myself that will only be answered once I go through back testing.
  • #462
  • Mar 11, 2014 9:40am Mar 11, 2014 9:40am
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-milkeyway
  • #463
  • Mar 11, 2014 12:37pm Mar 11, 2014 12:37pm
Quoting Venice
{quote} I think it would be best if If explained this... or linked to the article. I am still working my mind through what exactly these are. Previously, I would see them and trade them as untested decision areas (supply consumption and break above or demand consumption and break below). I can see them and they seem to be pretty darn reliable, but I still have a lot of questions myself that will only be answered once I go through back testing.

I don't get it, your trading something that you don't fully understand?

To understand somethingis to be able to explain it in simple terms.

It seems as though some guys on these forums agree with things they don't understand nor can explain?

The term flag limit means nothing if there is no solid definiton as to what it is , what it really signifies, not someones theory of what it is , but what it really is. Like how you can look at a cat and say , thats a cat, not speculate as to what it maybe.
  • #464
  • Mar 11, 2014 2:54pm Mar 11, 2014 2:54pm
i'm amused by your insisting asking these kinid of questions, although many ppl have repeatedly told you go to read on readthemarket.com

in classroom, professors often say, no question are bad. man, that's a lie. your questions are definitely not good ones.

you don't need to release your upset to this thread, cause it will not take you anywhere, and even prevent any kind ppl from answering to your dumbness.

back to your question, so you think before this crap is named as "flag limit", there must be NO trader can trade this unnamed pattern profitably??? what's your logic behind? someone has to know it is called hamburger so that he can solve his hunger?

instead of pouring your negative emotions all over this thread, just spend for heaven's sake 2 or 3 hours reading RTM.com and think!

Quoting dappa
{quote} I don't get it, your trading something that you don't fully understand? To understand somethingis to be able to explain it in simple terms. It seems as though some guys on these forums agree with things they don't understand nor can explain? The term flag limit means nothing if there is no solid definiton as to what it is , what it really signifies, not someones theory of what it is , but what it really is. Like how you can look at a cat and say , thats a cat, not speculate as to what it maybe.
  • #465
  • Mar 11, 2014 3:19pm Mar 11, 2014 3:19pm
Bravo Charvo!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

anybody who spoonfeeds the lazy is a fool.

I was actually thinking yesterday about posting a link to the Flag Limit article in RTM, then caught hold of myself and went back about my day

Dappa, if you're not prepared to put in the legwork, you can forget about ever becoming a trader
  • #466
  • Mar 11, 2014 3:27pm Mar 11, 2014 3:27pm
My only trade lately was taken at a Flag Limit, because of the Flag Limit

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Look to the past, at where the high of this chart is, in say M15 or M5, and you'll see the Flag Limit I traded from.

If you want to know what is a Flag Limit, look it up in Markepedia
  • #467
  • Mar 11, 2014 4:13pm Mar 11, 2014 4:13pm
AUDUSD March 11, 2014

HI IF

Would like to see if I can see the FL you're referring to.

Daily Supply zone

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M15 Entry

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Source - FL ?

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Thank you
  • #468
  • Mar 11, 2014 4:17pm Mar 11, 2014 4:17pm
Quoting Venice
{quote} Good Stuff If. And within the context of supply / demand, it is still super easy to apply money management to this. Do you focus strictly on flag limits now?
Sorry. Missed the question.
Yes, it's only flag limits now. Supply and Demand are far too unreliable to consider trading. They're as much a con as fibs and the rest
  • #469
  • Mar 11, 2014 4:18pm Mar 11, 2014 4:18pm
Quoting charvo
i'm amused by your insisting asking these kinid of questions, although many ppl have repeatedly told you go to read on readthemarket.com in classroom, professors often say, no question are bad. man, that's a lie. your questions are definitely not good ones. you don't need to release your upset to this thread, cause it will not take you anywhere, and even prevent any kind ppl from answering to your dumbness. back to your question, so you think before this crap is named as "flag limit", there must be NO trader can trade this unnamed pattern profitably???...

First off my question wasn't addressed to you sir! I was asking the gentlmen who responded to my question. I read the marketpedia definition. If everyone knew what the meaning of it was, then venice would have answered it simply as that and not refer me to Ifmyant. So f off. If my questions are dumb, ignore them! You know how to trade right, good for you! If you are promoting RTm , then why you on here answering questions, go about your trading life pimp!
  • #470
  • Mar 11, 2014 4:26pm Mar 11, 2014 4:26pm
Quoting Ifmyante
Bravo Charvo!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! anybody who spoonfeeds the lazy is a fool. I was actually thinking yesterday about posting a link to the Flag Limit article in RTM, then caught hold of myself and went back about my day Dappa, if you're not prepared to put in the legwork, you can forget about ever becoming a trader


I don't care to be spoon fed dude, nor am I lazy! I find some of the guys on here arrogant. If red was that way, sure you wouldn't nor ya loyal followers be "profitable traders" if that's even the case. But what ever!
  • #471
  • Mar 11, 2014 4:30pm Mar 11, 2014 4:30pm
Quoting Venice
{quote} I think it would be best if If explained this... or linked to the article. I am still working my mind through what exactly these are. Previously, I would see them and trade them as untested decision areas (supply consumption and break above or demand consumption and break below). I can see them and they seem to be pretty darn reliable, but I still have a lot of questions myself that will only be answered once I go through back testing.

This is his response, so what makes my question to him dumb. Your a di**
  • #472
  • Mar 11, 2014 4:37pm Mar 11, 2014 4:37pm
Dappa won't be posting here again
  • #473
  • Mar 11, 2014 4:43pm Mar 11, 2014 4:43pm
Hi LD

Here it is
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  • #474
  • Mar 11, 2014 6:22pm Mar 11, 2014 6:22pm
Quoting dappa
{quote} I don't get it, your trading something that you don't fully understand? To understand somethingis to be able to explain it in simple terms. It seems as though some guys on these forums agree with things they don't understand nor can explain? The term flag limit means nothing if there is no solid definiton as to what it is , what it really signifies, not someones theory of what it is , but what it really is. Like how you can look at a cat and say , thats a cat, not speculate as to what it maybe.
I would just like to point out that while I have noticed others have replied to this... I feel like there is a serious communication barrier here. As you will note from my posts, I am in the discovery phase of flag limits at this point. I made a note about how they are similar to a few other patterns that I have played before, but it is still something I am studying and that which I plan on back testing. There is a lot of data even in these little tiny patterns that my mind craves answers too, and this is why I referred to others more affluent in these specific patterns. I simply did not feel comfortable giving advice on something I do not fully understand yet, but that isn't to be mistaken as not having a single clue about the market or how she behaves.

Now, I have mentioned time... and time again that I am a huge proponent of money management. I don't care what you trade. How you trade. etc. If you don't apply proper money management, you are doomed to fail in this world, and I have yet to see anyone prove to me otherwise. These flag limit patterns are no exception to the rule. Had I actually been trading them (which I have not yet... in the context of a flag limit) then it would again be another trade that had proper money management applied to it. Risk and reward. Minimum 1:1. I've beat this drum so many times I fear it is starting to fall apart. I'll place trades in the middle of the fricken trend... and come out on top *over time* because I understand the numbers game that exists as part of this world. It will not be pretty. It would not be easy. But it would work. With these flag limits and supply and demand...the goal is to increase my edge. To increase that percent of wins. This is what all traders should be striving for.

The words you have used towards me (and yes, I realize some of us communicate different... and maybe you meant no ill intent) read as I am just placing random trades, over some random setup that I have and that I have no clue what I am doing at all. I am in the process of digging in deep and studying the newly introduced pattern. Nothing more, nothing less. You make it sound like you want it written out in pretty little A's and B's with no work on your end. (Again, this may be a communication issue). I just want to be honest with you. This is how you are presenting yourself. I hold no ill towards you nor do I want you to give up what you are doing... I want us all to succeed despite our differences. Grab the information from RTM. Open up those charts, and stare at them. For hours upon hours. When you get tired, take a nap, wake up and stare some more. Play on a demo account. In the words of If. Play until you are tired of winning. Only then should you move to a live account. Rinse and repeat. Study even more. Add to your arsenal.


P.S. I have had a few to drink... I apologize for the ADD'ishness of this post.
  • #475
  • Mar 11, 2014 6:30pm Mar 11, 2014 6:30pm
Quoting dappa
{quote} I don't care to be spoon fed dude, nor am I lazy! I find some of the guys on here arrogant. If red was that way, sure you wouldn't nor ya loyal followers be "profitable traders" if that's even the case. But what ever!
One thing I always found interesting about red... is that rarely was much explained. It was just charts, upon charts, upon charts. Tons of information that was laid out right in front of us. All we had to do was look and study.
  • #476
  • Mar 11, 2014 6:34pm Mar 11, 2014 6:34pm
Quoting Ifmyante
{quote} Sorry. Missed the question. Yes, it's only flag limits now. Supply and Demand are far too unreliable to consider trading. They're as much a con as fibs and the rest
Gotcha. I have S/D ingrained in my head so deep these days that I do not think I will be able to ignore it. I've always been a by-the-numbers trader, so this may be why things seem to have worked out for me. I swing between a 40-70% accuracy depending on the month... but it generally comes out on top because of those lovely little r/r numbers.

Here's to flag limits and hopefully a more consistent win rate.
  • #477
  • Mar 12, 2014 7:47am Mar 12, 2014 7:47am
Hi, IF,

Would you please explain a little further about "Supply and Demand are far too unreliable like fibs..."?

I am actively reading/searching your posts/threads both here FF and RTM. I have seen that since the end of last year, you've mentioned a couple of times that S/D is not reliable. This seems a little against your earlier insights (1~2 years ago).

The reason I got confused is that I do feel:

1. S/D is not as reliable as many example charts/trades show, since I manually simulate in forextester hundreds of hours......

2. but S/D seems still carry an edge itself, UNLIKE fibs, or regular tech indicators. At significant day/week S/D level, the potential is often apparent.

3. many typical set-ups, flag limit, FTR, or decision point, in essence, are based on S/D imbalance, aren't they?

that's why i feel lost when i see your comments that S/D is not reliable hence, i'd be bold to ask for your insights to reboost my confidence in using S/D if it's still worthy.

Thanks.

Quoting Ifmyante
{quote} Sorry. Missed the question. Yes, it's only flag limits now. Supply and Demand are far too unreliable to consider trading. They're as much a con as fibs and the rest
  • #478
  • Edited 8:02am Mar 12, 2014 7:47am | Edited 8:02am
Another observation that I can couple with my previous trading knowledge. Most of you should have noticed by now whom have played in the S/D world is the stair stepping behavior of price. That is to say, those constant higher lows that present themselves. All the price consolidation and fake outs to finally get back to the bottom for a retest.

It looks like flag limits are a nice way to see the start of the stair stepping effect and where price finds its initial base or the first 'step'.
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  • #479
  • Mar 12, 2014 7:59am Mar 12, 2014 7:59am
Quoting charvo
Hi, IF, Would you please explain a little further about "Supply and Demand are far too unreliable like fibs..."? I am actively reading/searching your posts/threads both here FF and RTM. I have seen that since the end of last year, you've mentioned a couple of times that S/D is not reliable. This seems a little against your earlier insights (1~2 years ago). The reason I got confused is that I do feel: 1. S/D is not as reliable as many example charts/trades show, since I manually simulate in forextester hundreds of hours...... 2. but S/D seems still...
Charvo,

I would like to put my two cents in here about this, but would appreciate If's insight into this as well, as I agree, but at the same time, there is still the ability to create an edge with S/D. I mentioned a few posts ago that my average monthly win rate fluctuates around 40-70%, but because I am extremely strict with my money management... I come out on top *over time*.

I would agree that flag limits are a type of S/D decision areas. I'm still not confident in fully picking out *good ones* vs *bad ones*... but that's why we study price. Now... I have seen impossibly good areas of supply and demand hold just as much as I have seen them blown through. I have always considered S/D zones a 50% chance at holding and being correct, and because of that assumption, you can create an edge with money management. Now, I will also mention, that these flag limits (and keep in mind, I have just been paying attention to them the last week or so) appear to have a significantly higher percentage of being reliable than just 50%. Not all of them have held, but more than enough. Generally, when they haven't held is when price is reversing directions... which again, can be used as another form of pattern play. I have also only been looking at them on the H1 and up, so that could also be a factor in it.
  • #480
  • Mar 12, 2014 9:23am Mar 12, 2014 9:23am
Thanks, Venice:

I seemingly grasp what you are saying. my hit rate is about 50% or so, but tp vs sl (Return Risk) is usually 2. that's why i feel S/D carries an apparent edge.

however, i often see S/D at day/week high/low levels, (also identified in IF's videos) may provide RR from 5:1 to even 10:1. even if it works only 30% of the time, it is still a huge edge, i guess.

my current problem is similar, i find it elusive to tell 'bad' pattern from 'good' ones; and i can't help pulling triggers for too many price move

[quote=Venice;7335399]{quote} Charvo, I would like to put my two cents in here about this, but would appreciate If's insight into this as well, as I agree,

I have seen impossibly good areas of supply and demand hold just as much as I have seen them blown through. I have always considered S/D zones a 50% chance at holding and being correct, and because of that assumption, you can create an edge with money management. quote]
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