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  • #521
  • Mar 15, 2014 10:18am Mar 15, 2014 10:18am
Quoting Ifmyante
{quote} That's quite correct. Now, I really can't go into any more detail about how the market works and how to trade it - it really is so simple that if I spell it all out, every single one of you will trade perfectly all the time. This, eventually, would end up taking so many of the ITs' orders from them that they'd be forced to reprogram their algorithms to move the goalposts. That's why I'm only looking to make around 30 elite traders, who'll keep chipping away at those orders until we have the capital to break the ITs and move the market ourselves,...
Is it mean after getting 30 elite traders you will stop teaching and shut down RTM ?
-milkeyway
  • #522
  • Mar 15, 2014 10:21am Mar 15, 2014 10:21am
The Academy will shut down for sure, but I reckon (and please don't ever quote me on this!) that RTM will stay open
  • #523
  • Mar 15, 2014 10:32am Mar 15, 2014 10:32am
Quoting Ifmyante
The Academy will shut down for sure, but I reckon (and please don't ever quote me on this!) that RTM will stay open
Thanks
-milkeyway
  • #524
  • Mar 15, 2014 4:49pm Mar 15, 2014 4:49pm
Quoting kumaramy
{quote} Hi Chica, I read Engulf or Fakeout thread on RTM again. I didn't notice previously that IT's create FO to the FTR. Thanks for guiding. I understood that part. But now, I don't know if there is any another way to understand IT's fake moves. Thanks.
Well they have other techniques to try and hide activaty such as cp and accumulating and distributing with 'iceberg' orders (small pieces). Dissect a flag on a small tf often you can see the vol increases near the limits as algo engines kick in.

These don't happen every time because no matter what it's not a static envirionment for IT s. it's not just one IT who sits in acloud with a beard, there are many other factors, and although they often know what each other are playing at they too can fail at times. This s when people say. Well why didn't my trade work out. There are so many variables that can have a impact on sentiment and orderflow.

The R.t.m site has helped me. Look through IF s journal and other members homework.
Just my 2 cents,

Keep at it! Ftr s and the engulfs at the right locations, flag limits. (dig to see why flags and their limits are important). Not just the engulf of any random price barrier.

Cheers,

C

C
Bye Bye FF
  • #525
  • Mar 15, 2014 8:47pm Mar 15, 2014 8:47pm
Quoting Chica
{quote} Well they have other techniques to try and hide activaty such as cp and accumulating and distributing with 'iceberg' orders (small pieces). Dissect a flag on a small tf often you can see the vol increases near the limits as algo engines kick in. These don't happen every time because no matter what it's not a static envirionment for IT s. it's not just one IT who sits in acloud with a beard, there are many other factors, and although they often know what each other are playing at they too can fail at times. This s when people say. Well why...
Yup. I am focusing on SD, Flags, FL, FTRS.
-milkeyway
  • #526
  • Mar 15, 2014 9:29pm Mar 15, 2014 9:29pm
Quoting Ifmyante
The Academy will shut down for sure, but I reckon (and please don't ever quote me on this!) that RTM will stay open
Institutional traders aren't going to change the way they trade because 30 traders get the market. It's always been this way throughout history, it'll stay this way in the future too. Plenty of markets and people who will always rely on indicators to guarantee that a pool of income always exists.
  • #527
  • Mar 16, 2014 3:52am Mar 16, 2014 3:52am
Oh sorry, you're right

Empires never fall
  • #528
  • Edited 8:04am Mar 16, 2014 7:45am | Edited 8:04am
Quoting Ifmyante
Oh sorry, you're right Empires never fall
No disrespect intended, mate, because I love your optimism. But in your honest opinion, do you think 30 traders are going to alter the patterns of the markets that have been established for hundreds of years and undergone many attempts to break them? I'm sure you could agree that the shakedowns market makers create are quite efficient at what they do, and that opportunities in the market are numerous. As someone else I know says, "Trades are like a bus, if you miss one, another is just around the corner." And naturally, doesn't the game become more difficult the larger your positions become? You're not the first or most well capitalized person to ever develop a strong understanding of market dynamics, and competition for entry points and slippage has to be a big factor later on, you can't just bleed the market dry with perfect entries forever. Just my perspective, and would love to hear more from you regarding the latter issue.
  • #529
  • Mar 16, 2014 1:11pm Mar 16, 2014 1:11pm
Quoting Kanzler
{quote} No disrespect intended, mate, because I love your optimism. But in your honest opinion, do you think 30 traders are going to alter the patterns of the markets that have been established for hundreds of years and undergone many attempts to break them? I'm sure you could agree that the shakedowns market makers create are quite efficient at what they do, and that opportunities in the market are numerous. As someone else I know says, "Trades are like a bus, if you miss one, another is just around the corner." And naturally, doesn't the game...
Even 1 trader can move the market. Nos of traders doesn't matter. Lot size Matter.
-milkeyway
  • #530
  • Mar 16, 2014 3:21pm Mar 16, 2014 3:21pm
These is my insight for eurusd based on studying RTM Im a newbie here so bare with me pls do correct my analysis on my chart thnx!!!
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  • #531
  • Mar 16, 2014 6:01pm Mar 16, 2014 6:01pm
Quoting Kanzler
{quote} No disrespect intended, mate, because I love your optimism. But in your honest opinion, do you think 30 traders are going to alter the patterns of the markets that have been established for hundreds of years and undergone many attempts to break them? I'm sure you could agree that the shakedowns market makers create are quite efficient at what they do, and that opportunities in the market are numerous. As someone else I know says, "Trades are like a bus, if you miss one, another is just around the corner." And naturally, doesn't the game...

No disrespect felt!

However, this is not rocket science, and if it were, it could always be improved!
Deutsche Bank haven't been around since the beginning of the markets, but I read lately they may be the biggest player in the fx game. If not, what's in a name?
It certainly wouldn't be prudent to discuss in open forum, the specifics, or even generalities, of my plans.

If and when it comes to fruition, I'll buy everyone here a pint
  • #532
  • Mar 16, 2014 6:29pm Mar 16, 2014 6:29pm
Quoting Ifmyante
{quote} No disrespect felt! However, this is not rocket science, and if it were, it could always be improved! Deutsche Bank haven't been around since the beginning of the markets, but I read lately they may be the biggest player in the fx game. If not, what's in a name? It certainly wouldn't be prudent to discuss in open forum, the specifics, or even generalities, of my plans. If and when it comes to fruition, I'll buy everyone here a pint
HI Ifmyante thnx for sharing your knowledge on how to read the market may i just ask do you have any basic rule in puting the stoploss? when you enter a trade in the market
thnx!!

PS: can you pls check my analysis on eurusd .. thnx
  • #533
  • Mar 16, 2014 9:19pm Mar 16, 2014 9:19pm
Quoting Ifmyante
{quote} No disrespect felt! However, this is not rocket science, and if it were, it could always be improved! Deutsche Bank haven't been around since the beginning of the markets, but I read lately they may be the biggest player in the fx game. If not, what's in a name? It certainly wouldn't be prudent to discuss in open forum, the specifics, or even generalities, of my plans. If and when it comes to fruition, I'll buy everyone here a pint
Sounds good. Best of luck, I'll be watching.
  • #534
  • Mar 16, 2014 10:17pm Mar 16, 2014 10:17pm
Quoting Forexbuster
These is my insight for eurusd based on studying RTM Im a newbie here so bare with me pls do correct my analysis on my chart thnx!!! {image}
You noticed FTR, FTB, ENGULF, CAPS on EU correctly. If you see AU session video you will notice that at one point, IF said "my stops will be above those spikes...there..." So you would know why the stops will be above the spikes coz they are FTR! and broke some important level.
I think you did notice FTR, FTB, Engulf, Caps correctly so if you have understood those concepts then start doing homework in RTM forum.
-milkeyway
  • #535
  • Mar 17, 2014 4:00am Mar 17, 2014 4:00am
Quoting kumaramy
{quote} You noticed FTR, FTB, ENGULF, CAPS on EU correctly. If you see AU session video you will notice that at one point, IF said "my stops will be above those spikes...there..." So you would know why the stops will be above the spikes coz they are FTR! and broke some important level. I think you did notice FTR, FTB, Engulf, Caps correctly so if you have understood those concepts then start doing homework in RTM forum.
THNX KUMAR FOR THE INFO HERES MY ENTRY ON 1MINUTE CHART EURUSD WOW THIS THING REALLY WORKS
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  • #536
  • Mar 17, 2014 4:26am Mar 17, 2014 4:26am
Quoting Forexbuster
{quote} THNX KUMAR FOR THE INFO HERES MY ENTRY ON 1MINUTE CHART EURUSD WOW THIS THING REALLY WORKS {image}
Good Job Bro. What is your username on RTM? Keep eyes on FTR, Engulfs and FL.
-milkeyway
  • #537
  • Mar 17, 2014 4:38am Mar 17, 2014 4:38am
Quoting Forexbuster
{quote} THNX KUMAR FOR THE INFO HERES MY ENTRY ON 1MINUTE CHART EURUSD WOW THIS THING REALLY WORKS {image}
This is my analysis for AU.
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-milkeyway
  • #538
  • Mar 17, 2014 4:53am Mar 17, 2014 4:53am
Quoting kumaramy
{quote} this is my analysis for au. {image}
forexbuster is my screen name in RTM sold in eurusd
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  • #539
  • Mar 17, 2014 5:53am Mar 17, 2014 5:53am
Quoting Forexbuster
{quote} forexbuster is my screen name in RTM sold in eurusd {image}
Isn't it simple?
-milkeyway
  • #540
  • Mar 17, 2014 8:33am Mar 17, 2014 8:33am
I know im loving it sold again in eurusd
took the profit before it hit my sl
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sold again
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