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ReadtheMarket - Supply and Demand with Price Action

  • #941
  • May 11, 2014 11:03pm May 11, 2014 11:03pm
Quoting Fxyogi
{quote} 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?.
Thanks FXYOGI for your response,

I think POLE is a momentum candle ending with FLAG, and FLAG as IF said - represents the end of momentum ?
estote parati
  • #942
  • May 12, 2014 5:39am May 12, 2014 5:39am
Quoting Jabloko
{quote} Thanks FXYOGI for your response, I think POLE is a momentum candle ending with FLAG, and FLAG as IF said - represents the end of momentum ?
Jabloko,

I know your answer will be this. My answer is Pole is not necessarily a momentum candle. And its not liquidity gap too.
I will PM you later why that is as now im in intense trading session (kindly bear with me)
  • #943
  • May 12, 2014 6:55am May 12, 2014 6:55am
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...
Hi FXyogi. Can you please post some charts with examples of a good and a bad setup based on these statements?

Don't feel compelled to do so. I know it's a time consuming task.
  • #944
  • Edited 9:56am May 12, 2014 9:43am | Edited 9:56am
Quoting Fxyogi
{quote} 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". {image} in Lower TF , you can find why initial SL was there.

Very nice advice.

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_05122014.JPG Size: 175 KB



SL is set at the bottom end of the FL/FTR. I also see a QM level, but not very confident on it because of the prev engulf, and many time backs. I marked the possible tp for the trade too. If it were you, where will tp.
  • #945
  • May 12, 2014 9:46am May 12, 2014 9:46am
interesting, let me guess:

i think:
1. momentum candle = liquidty gap
2. momentum candle, could become a pole
3. but a pole may not be a momentum candle, if, this pole on a higher TF, when examined in a lower TF, consists of many hesitating candles (or compression)

are my thoughts right? please correct me, Fxyogi, when convenient.

Quoting Fxyogi
{quote} My answer is Pole is not necessarily a momentum candle. And its not liquidity gap too.
  • #946
  • May 12, 2014 1:33pm May 12, 2014 1:33pm
is the RTM site down.....can't seem to log in......or get an email.....
  • #947
  • May 12, 2014 1:43pm May 12, 2014 1:43pm
Quoting Korndawg
is the RTM site down.....can't seem to log in......or get an email.....
It's up. Are you still getting the green notice at the top of the page?
  • #948
  • May 12, 2014 3:05pm May 12, 2014 3:05pm
Quoting Kanzler
{quote} It's up. Are you still getting the green notice at the top of the page?
Ok, I got in.....thanks for the reply.....
  • #949
  • May 12, 2014 8:17pm May 12, 2014 8:17pm
Very good information on RTM site. Highly recommended.
Thanks!
  • #950
  • May 13, 2014 9:24am May 13, 2014 9:24am
Quoting charvo
interesting, let me guess: i think: 1. momentum candle = liquidty gap 2. momentum candle, could become a pole 3. but a pole may not be a momentum candle, if, this pole on a higher TF, when examined in a lower TF, consists of many hesitating candles (or compression) are my thoughts right? please correct me, Fxyogi, when convenient. {quote}
Charvo,

You got that exactly. Think about this, what is momentum candle?. Is it about momentum?. If yes , what TF?. Let's say you have a momentum candle in 4 Hr but in 1 hr you dont have any . What you will say about momentum?.Apparently , 4Hr is a product of 4 x1hrs. if 1 hr there is no momentum, how did you get the momentum in 4 Hr?. same goes to liquidity gap as both are used for the same thing by supply demand traders for long time. I would like to call it" trending candle" rather "momentum candle". If you see monthly momentum candle then daily TF its trending towards "something". These all very easy to see. But we traders believe totally what others say without giving a logical thought.

With what i said above , think what is pole?.

I will give you the clue;

it is the "'space between two FLs"'.

In other words it is the"PAZ".

PS- These all my understanding from my experience with what i learned from IF. Nowhere im near IF. So my opinion may differ from his . I believe he will apologize if he find any false statements from me. And will be kind enough to correct.
  • #951
  • May 13, 2014 9:48am May 13, 2014 9:48am
Great Fxyogi,

Could I kindly ask you to have a look at the chart and if possible answer to my questions please

are my flags marked correctly ?
if yes, which line is the pole - red or green ?

thank you
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 136 KB
estote parati
  • #952
  • May 13, 2014 10:00am May 13, 2014 10:00am
Damn! brother, your "it is the PAZ" is like a candle in the dark to me at this moment!

so i reckon this 'pole PAZ' is one major type PAZ, the other major type is compression PAZ.

anyway, many thanks, my mind needs to to digest this! great reminder!

Quoting Fxyogi
{quote} think what is pole?. I will give you the clue; it is the "'space between two FLs"'. In other words it is the"PAZ".
  • #953
  • May 13, 2014 10:42am May 13, 2014 10:42am
Quoting charvo
Damn! brother, your "it is the PAZ" is like a candle in the dark to me at this moment! so i reckon this 'pole PAZ' is one major type PAZ, the other major type is compression PAZ. anyway, many thanks, my mind needs to to digest this! great reminder! {quote}
Charvo,

smaller poles connected as chain and create swings. This swing can be considered as bigger pole, In that case , i consider extreme FL( at the swing) as the pole base.
  • #954
  • May 13, 2014 1:03pm May 13, 2014 1:03pm
Quoting Jabloko
Great Fxyogi, Could I kindly ask you to have a look at the chart and if possible answer to my questions please are my flags marked correctly ? if yes, which line is the pole - red or green ? thank you {image}
Following are the 3 types of Price Action.

The lines you drawn are compression and the end of the compression has strong bounce (pole). End of the compression can be supply or demand. It is not rule that if price compressing from down to up then the price have to drop. No. In you below image, where you have drawn lines, price compressed from down to up and then bounce up and made a pole. As per my observation it happens when compression reaches the supply and at the supply "they" buy against seller and supply becomes demand. If you look at right side of the pole base where price is bounced, you can see price once again bounced, it not only bounced, it rallyed.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 153 KB
-milkeyway
  • #955
  • May 13, 2014 1:35pm May 13, 2014 1:35pm
Quoting kumaramy
{quote} Following are the 3 types of Price Action. The lines you drawn are compression and the end of the compression has strong bounce (pole). End of the compression can be supply or demand. It is not rule that if price compressing from down to up then the price have to drop. No. In you below image, where you have drawn lines, price compressed from down to up and then bounce up and made a pole. As per my observation it happens when compression reaches the supply and at the supply "they" buy against seller and supply becomes demand. If you look...
Thanks Kumaramy,

my chart was related to what Fxyogi said:
Attached Image


what he said is that POLE is the space between two flags, so although the pink area may look like a compression in H4

Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 14 KB


the same area looks like a POLE in W1
Attached Image
estote parati
  • #956
  • May 13, 2014 1:38pm May 13, 2014 1:38pm
Quoting Jabloko
{quote} Thanks Kumaramy, my chart was related to what Fxyogi said: {image} what he said is that POLE is the space between two flags, so although the pink area may look like a compression in H4 {image} the same area looks like a POLE in W1 {image}
Yes. nothing is beyond Compression, pole and flag.
-milkeyway
  • #957
  • May 14, 2014 3:15am May 14, 2014 3:15am
Quoting lumut
{quote} Very nice advice. {image} SL is set at the bottom end of the FL/FTR. I also see a QM level, but not very confident on it because of the prev engulf, and many time backs. I marked the possible tp for the trade too. If it were you, where will tp.
Lumut ,

My target currently blue line.i already closed half from initial entry and scaled in two additional positions. one died at 17 pip loss other one survive . Swing high fallen below the FL you have marked . So we can expect a fakeout !!!??.

But as you have shown FL to the south engulfed already. Lets see how it goes. You have marked nicely.

Are you trading gold on real account?.

If yes, Place SL without delay. In gold 100 pip spike is very normal. Smaller positions are better.Gold can multiply our account at the same time can wipe out in fraction of the second

Attached Image (click to enlarge)
Click to Enlarge Name: xauusd.fxh4.png Size: 28 KB
.
  • #958
  • May 14, 2014 3:20am May 14, 2014 3:20am
Quoting Fxyogi
{quote} Lumut , My target currently blue line.i already closed half from initial entry and scaled in two additional positions. one died at 17 pip loss other one survive . Swing high fallen below the FL you have marked . So we can expect a fakeout !!!??. But as you have shown FL to the south engulfed already. Lets see how it goes. You have marked nicely. Are you trading gold on real account?. If yes, Place SL without delay. In gold 100 pip spike is very normal. Smaller positions are better.Gold can multiply our account at the same time can wipe out...
Look at AUDCHF DAILY CHART...price is at FL
-milkeyway
  • #959
  • May 14, 2014 3:56am May 14, 2014 3:56am
Quoting kumaramy
{quote} Look at AUDCHF DAILY CHART...price is at FL
You mean 4Hr??.

Attached Image (click to enlarge)
Click to Enlarge Name: audchf.fxh4.png Size: 30 KB
  • #960
  • May 14, 2014 4:14am May 14, 2014 4:14am
Quoting Fxyogi
{quote} You mean 4Hr??. {image}
Yes. after breaking the low at that blue line level, price created an FTR. I am short from there..any suggestion?
-milkeyway
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