ReadtheMarket - Supply and Demand with Price Action | Page 41 | 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

  • #801
  • Edited 11:42am Apr 30, 2014 11:24am | Edited 11:42am
Quoting 76bronco
{quote} It wasn't luck on the Bank Traders. They knew where to spike it too. {image}
Was the green zone a true supply because it was a reaction on previous engulf? I entered based on this assumption, still don't know what is what.

By luck i meant very weak numbers, if the numbers where stronger than estimates, it would have taken my stop out. I would have never taken that trade if i knew GDP numbers were coming, with all the reading i totally forgot to look in economic calendar today.
MQL5 Market products 10 times cheaper? Yes, we can help. Send us a PM
  • #802
  • Apr 30, 2014 12:10pm Apr 30, 2014 12:10pm
My current progress.
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 8 KB
-milkeyway
  • #803
  • Apr 30, 2014 1:36pm Apr 30, 2014 1:36pm
Quoting kumaramy
My current progress. {image}
lol, you made my day.
MQL5 Market products 10 times cheaper? Yes, we can help. Send us a PM
  • #804
  • Apr 30, 2014 1:44pm Apr 30, 2014 1:44pm
executed at QM.
Attached Image (click to enlarge)
Click to Enlarge Name: euraudh1.png Size: 29 KB
-milkeyway
  • #805
  • Edited 8:54pm Apr 30, 2014 8:38pm | Edited 8:54pm
[quote=Das Ist Gut;7438660]{quote} Was the green zone a true supply because it was a reaction on previous engulf? I entered based on this assumption, still don't know what is what. By luck i meant very weak numbers, if the numbers where stronger than estimates, it would have taken my stop out. I would have never taken that trade if i knew GDP numbers were coming, with all the reading i totally forgot to look in economic calendar today.[/quote

It's all there in IF's threads. Keep digging and you will see the light . Because of IF's kindness here and at RTM, I respect him. For this reason, I won't indulge in what I've seen come to light about the charts. This wouldn't be fair to him and his works. Just keep at it and you'll get there!!! Hard work DOES pay off in learning forex !!! Personally, I'm on my 5th year of studying Forex.
  • #806
  • Apr 30, 2014 10:15pm Apr 30, 2014 10:15pm
Quoting kumaramy
My current progress. {image}
Hopefully we can see a pole to the upside hehe. But of course need to collect some sell orders and create a pole base. So flag time
  • #807
  • Apr 30, 2014 10:19pm Apr 30, 2014 10:19pm
Quoting kumaramy
executed at QM. {image}
You nailed it kuma. What else, you are on your journey now. May i ask you something, did you put a line at QM level and sell limit order?
  • #808
  • May 1, 2014 12:18am May 1, 2014 12:18am
Quoting Fxyogi
{quote} You nailed it kuma. What else, you are on your journey now. May i ask you something, did you put a line at QM level and sell limit order?
Yes. I put pending limit orders.
-milkeyway
  • #809
  • May 1, 2014 2:22am May 1, 2014 2:22am
Quoting kumaramy
{quote} Yes. I put pending limit orders.
My brother,

Just a thought on how to fine tune entry and go for bigger lot size.

First m30

Attached Image (click to enlarge)
Click to Enlarge Name: euraudm30.png Size: 26 KB


Now we go m15

Attached Image (click to enlarge)
Click to Enlarge Name: euraudm15.png Size: 26 KB


and M1 to find more

Attached Image (click to enlarge)
Click to Enlarge Name: euraudm1-fine.png Size: 32 KB


And the reaction
Attached Image (click to enlarge)
Click to Enlarge Name: euraudm1.png Size: 33 KB


Im a big fan of fractals. So dont think im crazy. Because Im crazy
  • #810
  • May 1, 2014 2:32am May 1, 2014 2:32am
Quoting Fxyogi
{quote} My brother, Just a thought on how to fine tune entry and go for bigger lot size. First m30 {image} Now we go m15 {image} and M1 to find more {image} And the reaction {image} Im a big fan of fractals. So dont think im crazy. Because Im crazy
You are right...I looked for FTR and QM for entry.
-milkeyway
  • #811
  • May 1, 2014 2:43am May 1, 2014 2:43am
Quoting kumaramy
{quote} You are right...I looked for FTR and QM for entry.
  • #812
  • May 1, 2014 7:25am May 1, 2014 7:25am
Quoting Fxyogi
{quote} .... Just a thought on how to fine tune entry and go for bigger lot size. ....
So, when I can do these steps correct I just need a stop of a few pips. Can I turn that around? When I enter100 trades with a small stop and 90 got stopped out my analysis would be incorrect?
Posting Demo charts, mirroring some of them live.
  • #813
  • May 1, 2014 7:28am May 1, 2014 7:28am
We don't work with a statistical edge.
We simply read price.
If we get stopped out, it means we read it wrongly!
  • #814
  • May 1, 2014 7:35am May 1, 2014 7:35am
Quoting Das Ist Gut
{quote} By rabbit hole you mean considereing not the patterns themselves, but why they form? The actions, motives and targets of IT's?
Yes, it's about knowing where the retailers' stops are. It's about knowing where the breakout traders are waiting. It's about understanding the tricks played to get the retailers chasing their tails.

This, in many cases, plays out in price patterns. But these patterns are created by a set of rules which governs all price movement, however it ends up looking on a chart.

The patterns are the entrance to the rabbit hole; the visible part. Go deeper and you'll find these rules.

It's difficult to explain it in one go here. I've spent the last year writing it into the syllabus for the Academy, and even still it's not complete
  • #815
  • May 1, 2014 8:46am May 1, 2014 8:46am
Quoting Jabloko
{quote} 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 ?
Mate ,

If studied properly, you will come to a point where everything gyrating around FTR,

Price engulfed important level and FTR becomes FL
FTR overlaps each other become compression
FL engulfed price retrace to FL becomes QM
Pole and a drop and compression to FL become can can
3 drive - it another form of compression

Thats the meaning IF say they are not pattern traders. Pattern trading is basic. His work is beyond that.

Sorry IF if i said it wrongly.
  • #816
  • May 1, 2014 8:48am May 1, 2014 8:48am
It's actually very difficult to describe, FXY, so you did a great job
  • #817
  • May 1, 2014 9:02am May 1, 2014 9:02am
Qm? Pls comment
Attached Image (click to enlarge)
Click to Enlarge Name: alpariuk#1.png Size: 32 KB
  • #818
  • May 1, 2014 9:27am May 1, 2014 9:27am
Quoting Fxyogi
{quote} My brother, Just a thought on how to fine tune entry and go for bigger lot size. First m30 {image} Now we go m15 {image} and M1 to find more {image} And the reaction {image} Im a big fan of fractals. So dont think im crazy. Because Im crazy
hi fxyogi thnx for sharing your insight can you tell me pls why you call this a flag ? and where is the FLag limit here ?
Attached Image (click to enlarge)
Click to Enlarge Name: alpariuk#1.png Size: 32 KB
  • #819
  • May 1, 2014 9:34am May 1, 2014 9:34am
QM?
Attached Image (click to enlarge)
Click to Enlarge Name: alpariuk#1.png Size: 35 KB
  • #820
  • May 1, 2014 9:36am May 1, 2014 9:36am
Quoting Jabloko
{quote} 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 ?
don't forget to keep locating the 1st FTR after engulf.
-milkeyway
24 traders viewing now