ReadtheMarket - Supply and Demand with Price Action | Page 36 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Readthemarket (Ifmyante) - Is it legit stuff or not? 19 replies

Price Will Tell - Supply/Demand Price Action Trading 1,858 replies

Price Action + Demand & Supply Zone + Money Management 0 replies

Price movement as a function of Supply and Demand 43 replies

Suppy, Demand and Price Action 28 replies

Attachments: ReadtheMarket - Supply and Demand with Price Action
Exit Attachments

ReadtheMarket - Supply and Demand with Price Action

  • #701
  • Apr 26, 2014 12:35pm Apr 26, 2014 12:35pm
Quoting Fxyogi
{quote} Exactly that's how i enter using the hook(FTR in RTM). but when the pic changes when i change the TF , engulfing scenario also changes
I noticed that there were two opportunities to enter. The first and by far most profitable was the FTR on the M1. But when price came back to the overall flag, it dropped again. I wouldn't have been able to pick the exact spot at which price reversed on the return, to me it seemed fairly insignificant compared to other PA in the zone.
  • #702
  • Apr 26, 2014 12:44pm Apr 26, 2014 12:44pm
Quoting kumaramy
I have hide pair name ..TF and other details. Only PA is displayed. Still you can analyze price action and make predictions. That means TF is nothing to do with PA as IF said. {image}
Its true PA is not TF dependent. that's what i am saying all my posts.But not the way you and others think.Ok now lets say trader A found a short signal at a location then trader B found a buy signal on the same location on a different TF. Who is correct?. If i found engulf on one TF X and the other TF Y it is not, what you should do?. because for you any TF is correct. if you chose X then you are contradicting Y. If you chose Y then you are contradicting X. Thats the reason im saying TF is illusion. This is different from saying any TF.
  • #703
  • Apr 26, 2014 12:57pm Apr 26, 2014 12:57pm
Quoting Fxyogi
{quote} Its true PA is not TF dependent. that's what i am saying all my posts.But not the way you and others think.Ok now lets say trader A found a short signal at a location then trader B found a buy signal on the same location on a different TF. Who is correct?. If i found engulf on one TF X and the other TF Y it is not, what you should do?. because for you any TF is correct. if you chose X then you are contradicting Y. If you chose Y then you are contradicting X. Thats the reason im saying TF is illusion. This is different from saying any TF....
Trader A can be a short term term and Trader B can be a long term trader or vice versa. Because if both of them are short term or long term trader then they won't get opposite signals with the same method.
-milkeyway
  • #704
  • Apr 26, 2014 1:10pm Apr 26, 2014 1:10pm
Quoting kumaramy
{quote} Trader A can be a short term term and Trader B can be a long term trader or vice versa. Because if both of them are short term or long term trader then they won't get opposite signals with the same method.
I dont know whether this is a healthy conversation or not. But healthy debate often leads to better conclusion. Lets say kumaramy found an engulf in m5 then he goes to fine tune his entry m1 , he realize important FTR still not engulfed fully. what he will do?. Will he base his decision on m5 or m1. This is the issue that me and if im not wrong kanzler also has got.

Sorry IF if im cluttering your thread.
  • #705
  • Apr 26, 2014 1:15pm Apr 26, 2014 1:15pm
Quoting Fxyogi
{quote} I dont know whether this is a healthy conversation or not. But healthy debate often leads to better conclusion. Lets say kumaramy found an engulf in m5 then he goes to fine tune his entry m1 , he realize important FTR still not engulfed fully. what he will do?. Will he base his decision on m5 or m1. This is the issue that me and if im not wrong kanzler also has got. Sorry IF if im cluttering your thread.
Yes, that's the issue I had a question about earlier. When IF replied though, it turned into a question of which one is more important, which is what I put the charts up for. I saw the higher frame supply/decision but when I zoomed in apparently I had overlooked the most precise area of entry. Right now in my mind it's about which one is clearest, but that's probably not how IF does it.
  • #706
  • Apr 26, 2014 1:24pm Apr 26, 2014 1:24pm
Quoting Fxyogi
{quote} I dont know whether this is a healthy conversation or not. But healthy debate often leads to better conclusion. Lets say kumaramy found an engulf in m5 then he goes to fine tune his entry m1 , he realize important FTR still not engulfed fully. what he will do?. Will he base his decision on m5 or m1. This is the issue that me and if im not wrong kanzler also has got. Sorry IF if im cluttering your thread.
Do you means this kind of issue ?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpaudm30.png Size: 21 KB
Click to Enlarge Name: gbpaudm1.png Size: 23 KB
-milkeyway
  • #707
  • Apr 26, 2014 1:28pm Apr 26, 2014 1:28pm
Quoting kumaramy
{quote} Do you means this kind of issue ? {image} {image}
Exactly mate,

You spot on. Now in HTF it looked like an engulf. But in LTF its not
  • #708
  • Apr 26, 2014 1:33pm Apr 26, 2014 1:33pm
Quoting Fxyogi
{quote} Exactly mate, You spot on. Now in HTF it looked like an engulf. But in LTF its not
Sorry mate. I really don't know answer for this issue. I think IF can give better answer for this.
-milkeyway
  • #709
  • Apr 26, 2014 1:41pm Apr 26, 2014 1:41pm
Quoting Kanzler
{quote} Yes, that's the issue I had a question about earlier. When IF replied though, it turned into a question of which one is more important, which is what I put the charts up for. I saw the higher frame supply/decision but when I zoomed in apparently I had overlooked the most precise area of entry. Right now in my mind it's about which one is clearest, but that's probably not how IF does it.
Kanzler, I fine tuned your entry in m2 (cant get m1 data). Inside the FTR there can be another FTR because of the fractal nature. can pin point your entry. but messy area like this better place proximal line tight and distal line/SL far. Sometimes there can be clear entry .Sorry if im wrong

Attached Image (click to enlarge)
Click to Enlarge Name: cT_cs_3002204_EURUSD_2014-04-27_02-42-07.png Size: 49 KB

Attached Image (click to enlarge)
Click to Enlarge Name: cT_cs_3002204_EURUSD_2014-04-27_02-25-17.png Size: 44 KB
  • #710
  • Apr 26, 2014 1:45pm Apr 26, 2014 1:45pm
Do not forget the most important part part of trading: Not all trades are destined to be winners.
  • #711
  • Apr 26, 2014 1:53pm Apr 26, 2014 1:53pm
Quoting Venice
Do not forget the most important part part of trading: Not all trades are destined to be winners.
Unfortunately feedback from truly qualified persons is too rare to dismiss bad trades to poor luck. I'm certain there are quite a few opportunities I just completely botch that could have been good profitable trades.
  • #712
  • Apr 26, 2014 1:53pm Apr 26, 2014 1:53pm
Quoting Venice
Do not forget the most important part part of trading: Not all trades are destined to be winners.
Question not about winning. Its about zone.
  • #713
  • Apr 26, 2014 2:17pm Apr 26, 2014 2:17pm
Totally understand. I guess what I meant was, is that it's important to analyze the bad trades from poor setups. It's just important to analyze the bad trades from good setups. But, don't get stuck on them. Because shit happens. After the fact we can apply any reason why something didn't work, and why it did work... and what we should have done. What we could have done. What we didn't do... etc See where I am going?

For what it's worth, I don't believe in luck... especially when it comes to the markets. There is only what is and the actions we take with the information we have.

But yes, sorry for the interruption... good discussion taking place here. The extra eyes are wonderful.
  • #714
  • Apr 26, 2014 6:17pm Apr 26, 2014 6:17pm
Hope this post will help somebody,even supply demand traders. People who advocate HTF trading often forget big move starts from fraction of the second or if i may put it this way, it starts not in time .

But to gauge the strength of the move , you often need HTF ,as more it moves in HTF, the more the imbalance is. But zone should be marked in LTF. Hook in the LTF should be clearly marked before put the SL.


Chart below.

First 30 min chart

Attached Image (click to enlarge)
Click to Enlarge Name: audnzd.lmxm30.png Size: 37 KB

Then 1 min

Attached Image (click to enlarge)
Click to Enlarge Name: audnzd.lmxm1.png Size: 32 KB


And back to 30 min
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd.lmxm30-1.png Size: 38 KB
  • #715
  • Apr 27, 2014 2:41am Apr 27, 2014 2:41am
Quoting Ifmyante
The M1 chart doesn't always show us the exact PA which occurred. That's why we so often need to treat an entire M1 candle as a possible FL. {image} {image}

Hmmm... I know I am quite late in jumping on to this one but, here are some charts I marked up.

Attached Image (click to enlarge)
Click to Enlarge Name: M15.jpg Size: 86 KB


Attached Image (click to enlarge)
Click to Enlarge Name: M1.jpg Size: 93 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 1-Sec.jpg Size: 84 KB


The candles... they always tell the truth... even when they lie. That's my RTM signature, btw
  • #716
  • Apr 27, 2014 2:57am Apr 27, 2014 2:57am
Quoting Fxyogi
Hope this post will help somebody,even supply demand traders......
Well, sure! I looked at H4, H1 and lower. Thanks very much!
Attached Image (click to enlarge)
Click to Enlarge Name: pRxc4KH.png Size: 30 KB
Posting Demo charts, mirroring some of them live.
  • #717
  • Apr 27, 2014 3:28am Apr 27, 2014 3:28am
Quoting Frxter
{quote} Hmmm... I know I am quite late in jumping on to this one but, here are some charts I marked up. {image} {image} {image} The candles... they always tell the truth... even when they lie. That's my RTM signature, btw
It was a simple S/R flip I think. After doing some reading today I think I've figured out my missing information...check out the videos section on RTM; he explains some full trades that filled in some of the gaps in my understanding. I think my next month should be a lot better in terms of return. Thanks, IF - even though I've apologized before for the couple of altercations we've had, I feel that I still owe you for all of the information you've given freely.
  • #718
  • Apr 27, 2014 5:47am Apr 27, 2014 5:47am
Thanks Kanzler for your honesty and integrity

In a world full of snake oil salesmen, it's very hard to accept the real deal when you see it.
Even FF, either through protocol or ignorance, treats us as charlatans, and does nothing to support us in any way.

I have no reason to be upset though; out of the handful of Academy graduates and students that have shown such faith in me, we already have some true Master Traders, and more in the making, so we may have very few if any further courses opening in the near future, and then close up completely until our traders are ready to retire, letting the next crew do their trading for them
  • #719
  • Apr 27, 2014 5:52am Apr 27, 2014 5:52am
Quoting kumaramy
{quote} Do you means this kind of issue ? {image} {image}
Hi IF Fxyogi had some issue about FL like this http://www.forexfactory.com/showthread.php?t=420159&reply=1&page=36&quote=7429922#reply
So, I would also like to know which FL is correct one ?

Thanks.
-milkeyway
  • #720
  • Apr 27, 2014 7:55am Apr 27, 2014 7:55am
Quoting Ifmyante
{quote} {image}
The more you dig, More it disturbs the foundation. Hmmm..... Donno how to approach this.



Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpyh1.png Size: 34 KB


Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpym5.png Size: 34 KB
4 traders viewing now