ReadtheMarket - Supply and Demand with Price Action | Page 47 | 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

  • #921
  • May 10, 2014 1:00pm May 10, 2014 1:00pm
Quoting jsr
{quote} I guess it is Multi Pivot Line, but I still don't know for sure.
I don't think he cares about Pivots.
-milkeyway
  • #922
  • May 10, 2014 4:58pm May 10, 2014 4:58pm
Quoting jsr
{quote} Forgive my ignorance, ¿What is the meaning of MPL?
Hi ya jsr..

MPL - Max Pain Level - extreme areas of the S/D zones..

If you can get in at these areas by watching the market or having your limit orders set there you have a greater chance of higher R:R on your trades with tight stops..also once you get good at these areas you can have less draw down on your account as good chance of getting out at BE at worst..

Cheers,
Adrian
  • #923
  • May 10, 2014 5:06pm May 10, 2014 5:06pm
Quoting Ramjet
{quote} Hi ya jsr.. MPL - Max Pain Level - extreme areas of the S/D zones.. If you can get in at these areas by watching the market or having your limit orders set there you have a greater chance of higher R:R on your trades with tight stops..also once you get good at these areas you can have less draw down on your account as good chance of getting out at BE at worst.. Cheers, Adrian
If there were a thank you button I'd have clicked on it, had the same question.
  • #924
  • May 10, 2014 5:19pm May 10, 2014 5:19pm
Quoting Ramjet
{quote} Hi ya jsr.. MPL - Max Pain Level - extreme areas of the S/D zones.. If you can get in at these areas by watching the market or having your limit orders set there you have a greater chance of higher R:R on your trades with tight stops..also once you get good at these areas you can have less draw down on your account as good chance of getting out at BE at worst.. Cheers, Adrian
Thanks Adrian. Much appreciated.
  • #925
  • May 11, 2014 1:31am May 11, 2014 1:31am
Whoever likes to posts charts, here is an instrument name indicator which shows the instrument name with big font so that other's can read easily which chart is it. My friend cja (http://www.forexfactory.com/cja) modified it set color and font size as per your wish.
Attached Image (click to enlarge)
Click to Enlarge Name: audnzdm30.png Size: 27 KB
Attached File(s)
File Type: ex4 Instrument with background.ex4   36 KB | 759 downloads
-milkeyway
  • #926
  • May 11, 2014 6:12am May 11, 2014 6:12am
Quoting lumut
I am trying out what I have learn from IF, and FXyogi. Awesome stuff. I go to as lowest time on my chart (5 sec). Learn the importance of FL, Engulf, PAZ. Like the master said, always trade from the "edges". {image}
Lumut hope you are doing good with your studies. Just an hint for you from my experience for trading from the "edges". Once the price enter into the zone, we shouldnt enter directly. This should be kept in mind always. We need to wait until price retrace to its deepest till it meet the "extreme". Now finding this deepest points is the "key" to this method. That where everything starts and ends.

One more thing every FTR are not FL(I said it before but i never explained it).Otherwise all chart will be filled with FL and PAZ. . FL will become special when its formed after engulfing "another FL to the left '' .

Good luck.
  • #927
  • May 11, 2014 9:23am May 11, 2014 9:23am
Hi FXYOGI,

you said in above post :
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 26 KB


so is my thinking correct ?
Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 115 KB
estote parati
  • #928
  • May 11, 2014 10:04am May 11, 2014 10:04am
Quoting Jabloko
Hi FXYOGI, you said in above post : {image} so is my thinking correct ? {image}
wheres the flag limit ?
  • #929
  • May 11, 2014 10:09am May 11, 2014 10:09am
Quoting Forexbuster
{quote} wheres the flag limit ?
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 133 KB
estote parati
  • #930
  • May 11, 2014 10:38am May 11, 2014 10:38am
Quoting Fxyogi
{quote} Lumut hope you are doing good with your studies. Just an hint for you from my experience for trading from the "edges". Once the price enter into the zone, we shouldnt enter directly. This should be kept in mind always. We need to wait until price retrace to its deepest till it meet the "extreme". Now finding this deepest points is the "key" to this method. That where everything starts and ends. One more thing every FTR are not FL(I said it before but i never explained it).Otherwise all chart will be filled with FL and PAZ. . FL will become...
FXyogi,

Awesome mate, I will keep this in mind. I remember reading earlier post on RTM, which a lot of members like to take TT. Maybe, they become more experience in reading chart, they are making more quality trades.

I read about FL/FTR over FF and RTM. As you mention earlier, FL is formed from some "important" levels, while FTR can be a FL or formed from "local" important level. Everyone can understand the theory, but when thrown with a live chart, it is hard to spot these area. More screen times are required to be good at spotting potential trades.
  • #931
  • May 11, 2014 11:24am May 11, 2014 11:24am
Quoting kumaramy
Whoever likes to posts charts, here is an instrument name indicator which shows the instrument name with big font so that other's can read easily which chart is it. My friend cja (http://www.forexfactory.com/cja) modified it set color and font size as per your wish. {file} {image}
Yes, it drives me mad having to squint to see what pair and TF is on show!
  • #932
  • May 11, 2014 11:43am May 11, 2014 11:43am
Quoting Ifmyante
{quote} Yes, it drives me mad having to squint to see what pair and TF is on show!
I am using it because we can read the pair name easily with big font when we post charts in forums. Did you like it ? because I didn't understand your emotions.
-milkeyway
  • #933
  • May 11, 2014 12:57pm May 11, 2014 12:57pm
Sure I like it! I've been using my own one for years now, and wish everybody else would too

Attached Image (click to enlarge)
Click to Enlarge Name: 2014-05-11_19-02-13.jpg Size: 229 KB
  • #934
  • May 11, 2014 1:45pm May 11, 2014 1:45pm
anyone knows any website which provides this information ?
Attached Image
-milkeyway
  • #935
  • May 11, 2014 1:50pm May 11, 2014 1:50pm
Quoting Jabloko
{quote} {image}

sorry guys, this is EurUsd H1 chart
estote parati
  • #936
  • May 11, 2014 1:54pm May 11, 2014 1:54pm
Quoting kumaramy
anyone knows any website which provides this information ? {image}
Any broker will have that information available for equities & futures but I don't think that exists for forex since the broker is filling the orders & is not just passing the orders through to an exchange.
  • #937
  • May 11, 2014 1:54pm May 11, 2014 1:54pm
Hi IF.

Migration notice on RTM is disappeared now. But still images can't be uploaded.
-milkeyway
  • #938
  • Edited 9:43pm May 11, 2014 8:47pm | Edited 9:43pm
Quoting lumut
{quote} FXyogi, Awesome mate, I will keep this in mind. I remember reading earlier post on RTM, which a lot of members like to take TT. Maybe, they become more experience in reading chart, they are making more quality trades. I read about FL/FTR over FF and RTM. As you mention earlier, FL is formed from some "important" levels, while FTR can be a FL or formed from "local" important level. Everyone can understand the theory, but when thrown with a live chart, it is hard to spot these area. More screen times are required to be good at spotting potential...
Lumut. When you say important levels, you should look more to the left to see to what FL that is reacting to.

From FTR its advisable in the beginning to Enter in extreme. But if we find its hard to find which FTR is correct we need to move our focus on SL . Need to know where price can spike to. This is what i call "breathing space".

Attached Image (click to enlarge)
Click to Enlarge Name: xauusd.fxh4.png Size: 30 KB


in Lower TF , you can find why initial SL was there.
  • #939
  • May 11, 2014 8:58pm May 11, 2014 8:58pm
Quoting kumaramy
anyone knows any website which provides this information ? {image}
Kuma,

Market depth info can be found dukascopy jforex. But believe me it has no use at all.You will not get institutional orderflow.
  • #940
  • May 11, 2014 9:06pm May 11, 2014 9:06pm
Quoting Jabloko
{quote} {image}
Jabloko,

Give me bit time to have a look as im busy with my trading and group discussions.

For the time i would like to ask you this question what is pole?. is FL end of momentum always?.
4 traders viewing now