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ReadtheMarket - Supply and Demand with Price Action

  • #781
  • Apr 29, 2014 12:26pm Apr 29, 2014 12:26pm
IF is it what you mean ? putting all those small bits together ?
like todays EURUSD PA ?

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estote parati
  • #782
  • Apr 29, 2014 12:29pm Apr 29, 2014 12:29pm
Quoting Ifmyante
{quote} All of these phenomena can be easily predicted and understood using a very basic understanding of the market. They are tied to one's education - understanding them teaches you how the IT creates them, which in turn shows you how to predict everything else everything else. If you're studying bouncing balls, you'll have many different things to consider depending on origin, force, trajectory etc, but in essence it's all ruled by gravity. So there are many aspects to price movement, but they can all be predicted very simply by the rules the...
Thanks for reply, i will PM you on RTM forums then.
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  • #783
  • Apr 29, 2014 12:30pm Apr 29, 2014 12:30pm
That's certainly a lovely way of putting them together technically There's tons of confirmation in there!

However, once you get down the rabbit hole, pattern recognition becomes a thing of the past
  • #784
  • Apr 29, 2014 12:50pm Apr 29, 2014 12:50pm
Quoting Fxyogi
{quote} Hi Mate, It depends on how you define it. If high or low breaks and failed to return, its an FTR. But if an important high or low breaks and fails to return, its an FL, if a FL is engulfed and failed to return its a FL too. If you define FTR is and important high or low engulfed and failed to return , then both will be same .We can put it this way, FTR is a cause (it fails to return). FL is the effect (it limits the flag). {image} I didnt hold this trade. dont have the balls
Thanks FY, although I confess I dont really understand what you said
estote parati
  • #785
  • Apr 29, 2014 12:54pm Apr 29, 2014 12:54pm
Quoting Ifmyante
That's certainly a lovely way of putting them together technically There's tons of confirmation in there! However, once you get down the rabbit hole, pattern recognition becomes a thing of the past
By rabbit hole you mean considereing not the patterns themselves, but why they form? The actions, motives and targets of IT's?
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  • #786
  • Apr 29, 2014 12:59pm Apr 29, 2014 12:59pm
Quoting Ifmyante
That's certainly a lovely way of putting them together technically There's tons of confirmation in there! However, once you get down the rabbit hole, pattern recognition becomes a thing of the past
so you mean its not necessary to know the patterns like cancan, qm, 3 drive etc ?

So they help BUT they are not crucial, yes ?

I read you put a lot of stress on engulfs of zones and engulfs of flags. Is it some sort of combination of those that you think is most important ?
estote parati
  • #787
  • Apr 29, 2014 2:33pm Apr 29, 2014 2:33pm
Quoting forexpiet
{quote} I guess you know what 'engulf' in itself is. What can be engulfed: a FL, a Key-level, a FTR. When either of these are engulfed price might go to the origin of the move. An FL should be a pause after an (extended) drop or rise of the price. See below which is one of IF's examples at the very beginning of this thread: {image} In the red box you see an engulfed FL, then a FTR is formed which turns into the origin of an upmove. To the right another FTR is just being engulfed after wich price is 'free to fall'. See the other pics. I think it...
Thanks for the info.
This was about using engulf PA for origin of the upmove. So, what is the rule of for confirmation of entry ? It just should engulf FL, FTR, SR level or anything else ?

I tried to find origin of the downmove.
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-milkeyway
  • #788
  • Apr 29, 2014 3:04pm Apr 29, 2014 3:04pm
Quoting kumaramy
{quote} Thanks for the info. This was about using engulf PA for origin of the upmove. So, what is the rule of for confirmation of entry ? It just should engulf FL, FTR, SR level or anything else ? I tried to find origin of the downmove. {image}
I studied the M1. For what its worth here is my analysis:
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And I think you level was correct. I wonder how long you would have hold the trade say you would have shorted at your arrow.
Posting Demo charts, mirroring some of them live.
  • #789
  • Apr 29, 2014 3:20pm Apr 29, 2014 3:20pm
Quoting forexpiet
{quote} I studied the M1. For what its worth here is my analysis: {image} And I think you level was correct. I wonder how long you would have hold the trade say you would have shorted at your arrow.
Origin of the moves is about TP. But what about entry confirmation with engulf ?

I understood something like this..
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-milkeyway
  • #790
  • Apr 30, 2014 1:06am Apr 30, 2014 1:06am
Did i got this right ?
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-milkeyway
  • #791
  • Apr 30, 2014 4:59am Apr 30, 2014 4:59am
I tried to guess like this. Any comments ?
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-milkeyway
  • #792
  • Edited 7:39am Apr 30, 2014 7:24am | Edited 7:39am
Quoting kumaramy
I tried to guess like this. Any comments ? {image}
From what little i have digested so far, you analysis is correct.

Enter short at QM or FTR level, SL above upper base, TG - base of the pole as you marked.

But that's what you can see on this HTF, need to look down to M1 to see the details. The devil is somewhere there

I don't know if im getting it though.

Here is my trade using RTM concepts, any comments are welcome

https://charts.mql5.com/4/581/usdjpy...nd-limited.png


Aaaaand it's gone! (c) LOL that's pure luck getting into the right direction of US GDP data i guess, but neverhteless a good trade.

https://charts.mql5.com/4/581/usdjpy...-limited-2.png
MQL5 Market products 10 times cheaper? Yes, we can help. Send us a PM
  • #793
  • Apr 30, 2014 10:06am Apr 30, 2014 10:06am
Quoting Das Ist Gut
{quote} From what little i have digested so far, you analysis is correct. Enter short at QM or FTR level, SL above upper base, TG - base of the pole as you marked. But that's what you can see on this HTF, need to look down to M1 to see the details. The devil is somewhere there I don't know if im getting it though. Here is my trade using RTM concepts, any comments are welcome {image} Aaaaand it's gone! (c) LOL that's pure luck getting into the right direction of US GDP data i guess, but neverhteless a good trade. {image}
I think IF should show * in front of ENGULF in marketpedia. It is very important and necessary subject.
-milkeyway
  • #794
  • Apr 30, 2014 10:17am Apr 30, 2014 10:17am
Quoting kumaramy
{quote} I think IF should show * in front of ENGULF in marketpedia. It is very important and necessary subject.
I agree. I would also like to read which engulfs are important and which are not. Also the difference between true engulfs and FOs.

Im sure this all is present on RTM forums. Marketpedia is just an introduction, the true education is on forums.
MQL5 Market products 10 times cheaper? Yes, we can help. Send us a PM
  • #795
  • Apr 30, 2014 10:25am Apr 30, 2014 10:25am
Quoting Das Ist Gut
{quote} I agree. I would also like to read which engulfs are important and which are not. Also the difference between true engulfs and FOs. Im sure this all is present on RTM forums. Marketpedia is just an introduction, the true education is on forums.

I saw that there are separate topics for separate subject. Let's say, engulf thread for engulf, QM thread for QM, CAN CAN thread for CAN CAN, etc.
But could you find any thread in forum in which all these concepts (all the piece of puzzle) used together ? If you could find, please give me link. I am finding it too.
-milkeyway
  • #796
  • Apr 30, 2014 10:28am Apr 30, 2014 10:28am
Quoting Das Ist Gut
{quote}....... Marketpedia is just an introduction, the true education is on forums.
Yes, possibly. But from reading forums it is hard to know "who knows", because "everyone" gives his/her opinion on subjects.
Posting Demo charts, mirroring some of them live.
  • #797
  • Apr 30, 2014 10:34am Apr 30, 2014 10:34am
I think I have to dig engulf thread.
-milkeyway
  • #798
  • Apr 30, 2014 10:34am Apr 30, 2014 10:34am
Quoting forexpiet
{quote} Yes, possibly. But from reading forums it is hard to know "who knows", because "everyone" gives his/her opinion on subjects.
I think its because everyone has their twist and their understanding of method and market. I am trying to find those with best trades and analyse them, to get the puzzle in my head a little bit closer to completion.

I don't think RTM guys will put more info for free, there is a reason why Academy has such a high cost.
MQL5 Market products 10 times cheaper? Yes, we can help. Send us a PM
  • #799
  • Apr 30, 2014 10:54am Apr 30, 2014 10:54am
Quoting Das Ist Gut
{quote} From what little i have digested so far, you analysis is correct. Enter short at QM or FTR level, SL above upper base, TG - base of the pole as you marked. But that's what you can see on this HTF, need to look down to M1 to see the details. The devil is somewhere there I don't know if im getting it though. Here is my trade using RTM concepts, any comments are welcome {image} Aaaaand it's gone! (c) LOL that's pure luck getting into the right direction of US GDP data i guess, but neverhteless a good trade. {image}
It wasn't luck on the Bank Traders. They knew where to spike it too.
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  • #800
  • Apr 30, 2014 11:07am Apr 30, 2014 11:07am
Quoting 76bronco
{quote} It wasn't luck on the Bank Traders. They knew where to spike it too. {image}
If two levels are stacked price tends to reach the upper (in this case) level??? Is that it?
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Do you put in limit orders on the basis of your analysis?
Posting Demo charts, mirroring some of them live.
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