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ReadtheMarket - Supply and Demand with Price Action

  • #721
  • Apr 27, 2014 9:15am Apr 27, 2014 9:15am
Hi IFMYANTE and ALL

I would like to thank you for all the free knowledge you spell here, this is awesome, appreciate it.

Wanted to ask you one thing. In post 517 you say that :
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and in post 555 you say :
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Could you clarify please
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  • #722
  • Apr 27, 2014 12:05pm Apr 27, 2014 12:05pm
Quoting Fxyogi
{quote} The more you dig, More it disturbs the foundation. Hmmm..... Donno how to approach this. {image} {image}
Just my opinion but I think when you have an important flip of S/R the "area" is not going to be a single line so price may bounce around "within" the flip area & not necessarily bounce up/down at a very specific price. So the small engulfs you're talking about is just noise within the flip zone so not very predictable. Also, I've compared these areas on different brokers & on some it's an engulf & others not so which broker shows the true direction of the market based upon price engulfing by 1 or 2 pips?

Just my thoughts, not disagreeing with your analysis.
Happy trading!
  • #723
  • Apr 27, 2014 12:30pm Apr 27, 2014 12:30pm
Quoting srt
{quote} Just my opinion but I think when you have an important flip of S/R the "area" is not going to be a single line so price may bounce around "within" the flip area & not necessarily bounce up/down at a very specific price. So the small engulfs you're talking about is just noise within the flip zone so not very predictable. Also, I've compared these areas on different brokers & on some it's an engulf & others not so which broker shows the true direction of the market based upon price engulfing by 1 or 2 pips? Just my thoughts, not disagreeing...
Actually the engulf is shown by IF, i just tried find what happened really in LTF. In HTF looked like an engulf in LTF its reaction to something. This is what keep me thinking.
  • #724
  • Apr 27, 2014 1:35pm Apr 27, 2014 1:35pm
Hiya IF,

Any solution to all these conversation?.I know it is tiring . But may be you can help us out as a discoverer.
  • #725
  • Apr 27, 2014 1:42pm Apr 27, 2014 1:42pm
Quoting Fxyogi
Hiya IF, Any solution to all these conversation?.I know it is tiring . But may be you can help us out as a discoverer.
Which question/conversation?
  • #726
  • Apr 27, 2014 3:40pm Apr 27, 2014 3:40pm
Quoting Kanzler
{quote} Which question/conversation?
Its all here.

http://www.forexfactory.com/showthread.php?p=7429836#post7429836

http://www.forexfactory.com/showthread.php?p=7430338#post7430338

http://www.forexfactory.com/showthread.php?p=7429922#post7429922
  • #727
  • Apr 27, 2014 4:01pm Apr 27, 2014 4:01pm
Quoting Fxyogi
{quote} Not that sure i put it correctly. I have taken your previous trade on m5 and marked the zone that u traded. Looked fine everything was ok. {image} Then i went to m1 , Whole story changed. m1 FL not engulfed and m5 FL is not the FL in this TF.See below. {image}
Okay, for this one, the flag limit in the first picture is also an FTR. FTRs are the delimiters for price action zones. Regardless of how it looks as you zoom in, market participants are going to recognize this as a very important area to watch. When it was engulfed, price retraced to the area you've marked with a blue box and "FL". But it's not a flag limit - flag limits denote the end of momentum. What it is, is a failure to return. Remember, an FTR happens when we break an important barrier, retrace, and then continue to move in the direction of the breakout, moving past the original break. Combined with higher frame supply and an engulf, it's a good signal to short on, if my understanding is so far correct. Sometimes the parts are buried deeper in the candles and we have to inspect closer for the "important" areas, but here it's pretty up-front. I hope this helps some and is as accurate as I'm hoping - I did quite a bit of work last night going through charts and identifying setups. They were a lot easier to see than I'd thought they were.
  • #728
  • Apr 27, 2014 4:08pm Apr 27, 2014 4:08pm
Quoting Fxyogi
{quote} Its all here. http://www.forexfactory.com/showthread.php?p=7429836#post7429836 http://www.forexfactory.com/showthread.php?p=7430338#post7430338 http://www.forexfactory.com/showthread.php?p=7429922#post7429922

For me this is just where the Money Management comes into play.
I would rather base everything on the lowest TF, M1 widely avaliable.
But because I have nowhere here ever read that this method is 100% accurate ( although it is 90% I believe , it is always sound to apply proper MM for the remaining 10% when it doesn't work.

Just my 2 cents
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  • #729
  • Apr 27, 2014 4:13pm Apr 27, 2014 4:13pm
Quoting Kanzler
{quote} Okay, for this one, the flag limit in the first picture is also an FTR. FTRs are the delimiters for price action zones. Regardless of how it looks as you zoom in, market participants are going to recognize this as a very important area to watch. When it was engulfed, price retraced to the area you've marked with a blue box and "FL". But it's not a flag limit - flag limits denote the end of momentum. What it is, is a failure to return. Remember, an FTR happens when we break an important barrier, retrace, and then continue to move in the direction...
Hmmm.... May be you didnt read it properly. blue is FL IF shorted from. Read my all three posts , there are important questions which strike to the very core.

We are talking about algo's. No market participants.
  • #730
  • Apr 27, 2014 4:24pm Apr 27, 2014 4:24pm
Quoting Fxyogi
{quote} Hmmm.... May be you didnt read it properly. blue is FL IF shorted from. Read my all three posts , there are important questions which strike to the very core. We are talking about algo's. No market participants.
I think I understand what you're talking about, but the "FL" from my understanding isn't a FL. It's an FTR. A flag limit in RTM terms is at the end of momentum. The FL is at the bottom of of your flag after we had those big long liquidity candles. As far as algorithms go, that might be the problem here. You want something you can grab onto easy and program into code, but I don't think this works like that. You have to look at the areas and make your own judgment call about what looks like the important area to you.
  • #731
  • Apr 27, 2014 4:29pm Apr 27, 2014 4:29pm
Quoting Kanzler
{quote} I think I understand what you're talking about, but the "FL" from my understanding isn't a FL. It's an FTR. A flag limit in RTM terms is at the end of momentum. The FL is at the bottom of of your flag after we had those big long liquidity candles. As far as algorithms go, that might be the problem here. You want something you can grab onto easy and program into code, but I don't think this works like that. You have to look at the areas and make your own judgment call about what looks like the important area to you.
When a FL engulfed and makes an FTR , it creates another FL
  • #732
  • Apr 27, 2014 4:36pm Apr 27, 2014 4:36pm
Quoting Fxyogi
{quote} When a FL engulfed and makes an FTR , it creates another FL
Well, I don't want to argue about it, although that doesn't match what I'm reading on RTM's definition (http://readthemarket.com/index.php/flag-limits-dbd-rbr). It's really not that important anyway...the main point is that we had the engulf, and an FTR formed and that was the signal to go short on retrace. It wasn't necessary to dig deeper unless you wanted a tighter entry, which was possible.
  • #733
  • Apr 27, 2014 4:40pm Apr 27, 2014 4:40pm
Quoting Kanzler
{quote} Well, I don't want to argue about it, although that doesn't match what I'm reading on RTM's definition (http://readthemarket.com/index.php/flag-limits-dbd-rbr). It's really not that important anyway...the main point is that we had the engulf, and an FTR formed and that was the signal to go short on retrace. It wasn't necessary to dig deeper unless you wanted a tighter entry, which was possible.
Less understanding will cause you more trouble.So here we go

http://www.forexfactory.com/showthread.php?p=7341858#post7341858
  • #734
  • Apr 27, 2014 4:53pm Apr 27, 2014 4:53pm
Quoting Fxyogi
{quote} Less understanding will cause you more trouble.So here we go http://www.forexfactory.com/showthread.php?p=7341858#post7341858
I'm just going to just wait for IF or one of the apprentice or higher traders to address this.
  • #735
  • Apr 27, 2014 5:26pm Apr 27, 2014 5:26pm
Quoting Kanzler
{quote} I'm done. Just going to just wait for IF or one of the apprentice or higher traders to address this.

Cool mate.Not to offend you. When you say some higher trader. we put ourself lower trader level. There are 5 levels of higher trader.

1. Pretend to be higher trader- Mostly in these forums we find the 95 %.they post almost all winning trades.
2. One who doesn't say he is a good trader but keep on learning and develop his edge.
3. Trader who never wanted to develop his edge. Therefore can be a commercial member and ban all the negative posters .
4. Trader who believe he is an higher trader when he win consistently for 1 month ,and advice other newbies to become better traders like him!!. Next month he blow his account and quit forum until next winning and come back again.
5. Real higher trader-who go unnoticed by 99% (so no need to tell about him).


Fxyogi is one of these 5 category .
Hehe just for fun.



Its very sad you didnt read all my posts where i made myself clear. Every question well thought out after understanding the concept top to bottom. Yet there are holes to be filled with divine(IF) water(knowledge).

People please don't say money management is important, all trades are not winners and all that. Im certainly aware of that all. Otherwise i cant trade for living.My question is not about winners ,its about zones
  • #736
  • Apr 27, 2014 5:30pm Apr 27, 2014 5:30pm
Quoting Fxyogi
{quote} Cool mate.Not to offend you. When you say some higher trader. we put ourself lower trader level. There are 5 levels of higher trader. 1. Pretend to be higher trader- Mostly in these forums we find the 95 %.they post almost all winning trades. 2. One who doesn't say he is a good trader but keep on learning and develop his edge. 3. Trader who never wanted to develop his edge. Therefore can be a commercial member and ban all the negative posters . 4. Trader who believe he is an higher trader when he win consistently for 1 month...
It's fine. To be honest I *think* I know the content by now but I'm still not 100% sure. I think FTRs can also be FL's and vice versa depending on what happened, but I'd rather not jump in, tell you the wrong thing with conviction and then have my ass handed to me later. And I did read your posts. Maybe I just didn't really understand what you were asking. Like I said, time to wait as I'm not quite sure anymore.
  • #737
  • Edited 6:55pm Apr 27, 2014 5:47pm | Edited 6:55pm
Quoting Kanzler
{quote} It's fine. To be honest I *think* I know the content by now but I'm still not 100% sure. I think FTRs can also be FL's and vice versa depending on what happened, but I'd rather not jump in, tell you the wrong thing with conviction and then have my ass handed to me later. And I did read your posts. Maybe I just didn't really understand what you were asking. Like I said, time to wait as I'm not quite sure anymore.
Mate no IF'posts went unnoticed by me. Im a silent lurker. I never involved in any conversation or posting rubbish till i understand that particular thread starter method in and out. So everything put by IF i tested by myself. I found this FTR thing is pretty neat and adopted in my trading style to pin point my entry using 1 min TF. I must really thank him for that. In fact ,saying thanks is not sufficient for him. But this engulfing of FL is the main problem i face. when i change the TF ,story changes.

Hope i made myself clear this time.
  • #738
  • Apr 27, 2014 5:50pm Apr 27, 2014 5:50pm
Am I anywhere close to your decision process guys ?

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sorry to clutter your thread IFMYANTE
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  • #739
  • Apr 27, 2014 6:01pm Apr 27, 2014 6:01pm
Quoting Jabloko
Am I anywhere close to your decision process guys ? {image} {image} {image} {image} {image} {image} sorry to clutter your thread IFMYANTE
FTR engulfed, then the origin of FTR engulfed, so FTR engulf is a FO now, No wait ... Orgin engulfed was engulfed again so it is FO now. So the previous FO FTR is the real engulf..

Did you sleep well yesterday Jabloko...

  • #740
  • Apr 27, 2014 6:09pm Apr 27, 2014 6:09pm
so how to distinguish engulf from fakeout then ?
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