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ReadtheMarket - Supply and Demand with Price Action

  • #901
  • May 9, 2014 7:14pm May 9, 2014 7:14pm
Quoting Fxyogi
{quote} IF mate, Just quick question regarding SL. When FL engulfed and retracement happens so we get in in extremes. But price may engulf that extreme again to show what will be the direction next. In that case how you set SL?. Would'nt it be better to set SL further away from that extreme expecting an engulf?. moreover, what platform you are using to read all the history?. For example H4 chart till 1960?
If we've had an engulf and are getting in on a RT, we must always be ready for a diamond to occur, especially if price hasn't yet hit MPL of the zone the original bounce was a reaction to. So, if we're not going to be around to watch PA, our stop must be beyond the original FL.

For historic data, I use fxtop.com. It has daily averages back to the 50s.
If anybody has any other means of getting it, I'd be grateful to get a look at it
  • #902
  • May 9, 2014 7:16pm May 9, 2014 7:16pm
Quoting Ifmyante
{quote} If we've had an engulf and are getting in on a RT, we must always be ready for a diamond to occur, especially if price hasn't yet hit MPL of the zone the original bounce was a reaction to. So, if we're not going to be around to watch PA, our stop must be beyond the original FL. For historic data, I use fxtop.com. It has daily averages back to the 50s. If anybody has any other means of getting it, I'd be grateful to get a look at it
Hi IF.

This may be a question better suited for your forums, but I've taken a look around for more details on the max pain level but haven't seen a lot. Could you explain this bit? Or I can re-ask the question elsewhere if you like.

Kanzler
  • #903
  • May 9, 2014 7:17pm May 9, 2014 7:17pm
Hello
I import the data from here in mt4 for the area i need

http://ratedata.gaincapital.com/
http://www.histdata.com/download-free-forex-data/?/metatrader/1-minute-bar-quotes
  • #904
  • May 9, 2014 7:19pm May 9, 2014 7:19pm
Quoting Gxp1
{quote} Hi IF or anyone IF has drawn PAZ boxes on his chart# 892, how does this help to understand the PA ? in know price flows from one PAZ to next once engulfed but i cant see that on the chart thanks
This is where we'd get very dangerously into the territory of explaining the absolute fundamentals of price movement, leaving nothing to the imagination, so I'll go no deeper into that here

Believe me, the more people that get to know exactly how the market works, the sooner the ITs will need to change their game!
  • #905
  • May 10, 2014 3:42am May 10, 2014 3:42am
Quoting Ifmyante
{quote} This is where we'd get very dangerously into the territory of explaining the absolute fundamentals of price movement, leaving nothing to the imagination, so I'll go no deeper into that here Believe me, the more people that get to know exactly how the market works, the sooner the ITs will need to change their game!
yes you are absolutely right to protect your intelectual property- thought of getting it patented! anyhow i am very grateful for what rtm and this site has provided , of which you are instrumental,at no cost.One can only admire your generousity as in this business especially nothing is free.
Thanks
  • #906
  • May 10, 2014 4:23am May 10, 2014 4:23am
Quoting Gxp1
{quote} hi kumaramy, i know you have asked IF but if i may answer; 1.the FTR follwing the one you marked failed 2.strong buying pressure at the base these two factors would throw caution however i suppose many mortals would have also shorted at that FTR obviously not IF {image}

Great one GXP not all ftr s are created equal. I don't have my charts at moment but that buying pressure would likely be a htf zone. Which often trumps Ltf ones. Also we should be cautious with wicky engulfs, often opposing orders negate the engulf as the wicks often represent fakouts and rejection. Of course it also may represent comsumption before working out.
So important to look where price has been and where it's going. Htf to Ltf. Than the dialed down ftr Paz s and engulfs that matter are identified.
Bye Bye FF
  • #907
  • May 10, 2014 9:13am May 10, 2014 9:13am
Quoting Ifmyante
{quote} If we've had an engulf and are getting in on a RT, we must always be ready for a diamond to occur, especially if price hasn't yet hit MPL of the zone the original bounce was a reaction to. So, if we're not going to be around to watch PA, our stop must be beyond the original FL. For historic data, I use fxtop.com. It has daily averages back to the 50s. If anybody has any other means of getting it, I'd be grateful to get a look at it

Thanks mate. I actually expect diamond formation in my trades. extremes that was reacting to the FL is on my watch list. But i also see the potential of engulfing that very extreme (MPL) to signal the next turn after completing the current.
  • #908
  • Edited 10:52am May 10, 2014 9:57am | Edited 10:52am
Quoting Ifmyante
If we've had an engulf and are getting in on a RT, we must always be ready for a diamond to occur, especially if price hasn't yet hit MPL of the zone the original bounce was a reaction to. ...
Forgive my ignorance, ¿What is the meaning of MPL?
  • #909
  • May 10, 2014 10:01am May 10, 2014 10:01am
Quoting Ifmyante
{quote} This is where we'd get very dangerously into the territory of explaining the absolute fundamentals of price movement, leaving nothing to the imagination, so I'll go no deeper into that here Believe me, the more people that get to know exactly how the market works, the sooner the ITs will need to change their game!
This infact a big problem for ''pure''traders. Can't throw away everything on public forum. But they are supposed to help other traders.Helping others not to get rich but atleast to take the heat and stay safe. I know one of my friend committed suicide after losing so much money in this business. Because losing money is losing family ,once you lose family you lost the purpose of life as your existence is reflection of "öthers" . you agree or not money is the primary bondage for family as its a invisible chain. Love(does it exist really in family?) is last . And once you start to lose, your gambling mentality arises no matter how intelligent you are. This often leads to expensive lesson. Sometimes it cost money , if that is the money all you have in your life, then it will cost your life.

But as IF does, we can make it as a puzzle. so that only hard working students will understand.Even when i want to ask a question i would like to hide the real question behind the curtain so that only the "IF" eyes can see it.We cant say IF never revealed his secret. Those who read the charts with "IF" eyes, will find that puzzle solving.And could be "life saving".

IF mate, real traders will remember you forever for what you are doing. This remembering is not fake . They dont praise you or vouch you after reading RTM for 2 days to get your attention.Sometimes they are "anonymous". But their love is around you and its tangible.


FXY
  • #910
  • May 10, 2014 11:16am May 10, 2014 11:16am
Quoting jsr
{quote} Forgive my ignorance, ¿What is the meaning of MPL?
Multiple Pimple Liquidity
-milkeyway
  • #911
  • May 10, 2014 11:20am May 10, 2014 11:20am
Quoting jsr
{quote} Forgive my ignorance, ¿What is the meaning of MPL?
Sorry. Just kidding..feeling bored..holidays.
-milkeyway
  • #912
  • May 10, 2014 11:20am May 10, 2014 11:20am
Hello everyone I'd like to post here since I know the server is being migrated on the site.. I am truly interested in learning supply and demand step by step as I believe it can add a very valuable technique to any strategy.

Let's be honest that there is a lot of clutter on forex factory making it hard to learn even for the most veteran traders. I'm still young (23 yr old college student) and I will like to build a strong foundation for my future.

I hope that I will be able to learn as much as possible from an active community
  • #913
  • May 10, 2014 11:21am May 10, 2014 11:21am
Quoting Dyekid217
Hello everyone I'd like to post here since I know the server is being migrated on the site.. I am truly interested in learning supply and demand step by step as I believe it can add a very valuable technique to any strategy. Let's be honest that there is a lot of clutter on forex factory making it hard to learn even for the most veteran traders. I'm still young (23 yr old college student) and I will like to build a strong foundation for my future. I hope that I will be able to learn as much as possible from an active community
I am 24.
-milkeyway
  • #914
  • May 10, 2014 11:25am May 10, 2014 11:25am
Quoting kumaramy
{quote} I am 24.
Very nice to meet you

May I ask how long you have been learning supply and demand from this thread and their site? I have visited the site and registered and it looks like an absolute wonderful source of information that is clearly organized.
  • #915
  • May 10, 2014 11:30am May 10, 2014 11:30am
Quoting Dyekid217
{quote} Very nice to meet you May I ask how long you have been learning supply and demand from this thread and their site? I have visited the site and registered and it looks like an absolute wonderful source of information that is clearly organized.
I am trading since 3 years.

I wasted 2.5 years with crap indicators.

I started learning clean chart 6 months ago.

I found about RTM 2 - 3 months ago. And since 2 - 3 months I am focusing on Supply And Demand.
-milkeyway
  • #916
  • May 10, 2014 11:36am May 10, 2014 11:36am
Quoting kumaramy
{quote} I am trading since 3 years. I wasted 2.5 years with crap indicators. I started learning clean chart 6 months ago. I found about RTM 2 - 3 months ago. And since 2 - 3 months I am focusing on Supply And Demand.
Ha I'm right there with you. I'm sure everyone has gone through the phase of throwing tons of indi's on a chart hoping that price will respect their signals. Have you found that supply and demand zones improved your trading once getting the basics?
  • #917
  • May 10, 2014 11:39am May 10, 2014 11:39am
Quoting Dyekid217
{quote} Ha I'm right there with you. I'm sure everyone has gone through the phase of throwing tons of indi's on a chart hoping that price will respect their signals. Have you found that supply and demand zones improved your trading once getting the basics?
Absolutely. Without study of supply and demand no one can trade like a pro. Supply and Demand changed my trading worst to better. I am sure if I stick with clean chart and keep studying supply and demand and other concepts of RTM my trading will be better to best. It is long term process.
-milkeyway
  • #918
  • May 10, 2014 11:41am May 10, 2014 11:41am
Quoting kumaramy
{quote} Absolutely. Without study of supply and demand no one can trade like a pro. Supply and Demand changed my trading worst to better. I am sure if I stick with clean chart and keep studying supply and demand and other concepts of RTM my trading will be better to best. It is long term process.
Yes indeed, there is lots of studying to be done!

I am looking to apply SD to my regular trading strategy so I know exactly where to get in and exactly where to get out.
  • #919
  • May 10, 2014 11:46am May 10, 2014 11:46am
Quoting Dyekid217
{quote} Yes indeed, there is lots of studying to be done! I am looking to apply SD to my regular trading strategy so I know exactly where to get in and exactly where to get out.
I am currently learning about consumption of orders and tested & fresh levels. It plays very important role with supply and demand.
-milkeyway
  • #920
  • May 10, 2014 12:37pm May 10, 2014 12:37pm
Quoting kumaramy
{quote} Sorry. Just kidding..feeling bored..holidays.


I guess it is Multi Pivot Line, but I still don't know for sure.
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