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ReadtheMarket - Supply and Demand with Price Action

  • #961
  • May 14, 2014 5:14am May 14, 2014 5:14am
Quoting kumaramy
{quote} Yes. after breaking the low at that blue line level, price created an FTR. I am short from there..any suggestion?
Since im already in the trade. I have no suggestion . Good catch Kuma.

I love extremes.

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  • #962
  • May 14, 2014 6:45am May 14, 2014 6:45am
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...

FXyogi,

I did not take this trade, was a bit hestitating since it revisit the S/R many times. I trade gold through the future contract. I only look for the extreme trade, otherwise I am just watching and learning IF method by watching it.
  • #963
  • May 14, 2014 6:49am May 14, 2014 6:49am
Quoting lumut
{quote} FXyogi, I did not take this trade, was a bit hestitating since it revisit the S/R many times. I trade gold through the future contract. I only look for the extreme trade, otherwise I am just watching and learning IF method by watching it.
What do you mean by "extreme"? could you show me on a price chart? thank you
He that is from above is above all.
  • #964
  • May 16, 2014 8:54pm May 16, 2014 8:54pm
It was a tough decision to hold AUDCHF till it meets the extreme.But as the position is not so big, i decided to take the heat .What i saw is sometimes hook get faked out when it fall short of the level engulfed.
But gold did well overall all positions closed only micro position i left to keep my eye and soul on the chart. GBPJPY were good scalps.Not All FL type trades . some are based on my own experience.So dont get lost in the charts. Gold and audchf were FL type trades. You can find out my previous posts why i entered.

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  • #965
  • May 16, 2014 9:01pm May 16, 2014 9:01pm
Quoting kumaramy
{quote} Yes. after breaking the low at that blue line level, price created an FTR. I am short from there..any suggestion?
Are you still in the trade?
  • #966
  • May 16, 2014 11:23pm May 16, 2014 11:23pm
Quoting Fxyogi
{quote} Are you still in the trade?
No. I took some profit and let the price bounce from the pole and my another sell limit was waiting above which it executed and now SL is at BE. And yesterday, 3rd sell limit is executed.
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-milkeyway
  • #967
  • May 17, 2014 8:51am May 17, 2014 8:51am
Quoting alphagad
{quote} Hello IF. First of all thanks a lot for all your posts, your method of reading price has helped me a lot, and keeps changing my trading for the better every day (after massive chart-watching of course). I tried to reverse-engineer your 20R trade and would like your opinion on my analysis. My best guess is that you entered after the source that led to the engulf of the left swing high had been... well engulfed. Your entry was at the base of the CP I marked with a SL of only 2-3 pips, as the probable result, if the CP base broke, would be...

Hello IF, I would appreciate (whenever you find the time) if you could give a hint on my thinking in the above post. Thanks a lot!
  • #968
  • May 17, 2014 8:54am May 17, 2014 8:54am
Facing this problem

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-milkeyway
  • #969
  • May 17, 2014 6:09pm May 17, 2014 6:09pm
Don't you mean "free heart failure here"?!

Your trading method is absolutely bloody awful, and your risk profile is deplorable.

The saving grace of your method is you blindly hope that you'll be able to overcome crippling drawdown and get into profit again!

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I mean, seriously???

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You have absolutely no clue how the market works. Being tough as old boots through massive DD is all well and good until your account is blown in 5 or less losing trades!

It's no more than high risk gambling. It's playing chicken with the market, and is not for the faint hearted!
  • #970
  • May 17, 2014 6:12pm May 17, 2014 6:12pm
Quoting Ifmyante
Don't you mean "free heart failure here"?! Your trading method is absolutely bloody awful, and your risk profile is deplorable. The saving grace of your method is you blindly hope that you'll be able to overcome crippling drawdown and get into profit again! {image} {image} I mean, seriously??? {image}
Don't get too worked up over him. He's cross spammed his nonsense in some 20 other threads, I can't suspend him though because I don't have enough seniority. By the way, what's wrong with the site? I'm getting an SQL error.
  • #971
  • May 17, 2014 6:20pm May 17, 2014 6:20pm
I posted in his thread (http://www.forexfactory.com/showthread.php?p=7475758#post7475758) too (complete with a chart to show the error of his way!) Pretty pathetic polluting someone else's thread with crap so different from what's going on there!

BTW: is RTM moving servers this weekend? While the site has been down I've been reviewing the many journal tabs I already had open and rereading Marketpedia old school style - I printed it out a few months ago and put in a notebook

Hope you're enjoying your weekend!
  • #972
  • May 17, 2014 6:24pm May 17, 2014 6:24pm
I know, but showing off dumb luck and unfounded bravery and calling it a method is very dangerous for everybody

Re the sites: I desperately want them back up and running, but our one man with the password for the cpanel is off for the weekend.

And everybody who knows me knows that had I the password, I'd have the sites up and running in twenty seconds flat

http://24.media.tumblr.com/tumblr_m3zgenZn7S1r3tlbto1_400.gif
  • #973
  • May 17, 2014 8:08pm May 17, 2014 8:08pm
Quoting Ifmyante
The Academy will shut down for sure, but I reckon (and please don't ever quote me on this!) that RTM will stay open

IF, I thought that was the end of RTM
  • #974
  • May 17, 2014 8:14pm May 17, 2014 8:14pm
That'd be just plain mean!

Bear with us and we'll be up and running ASAP
  • #975
  • May 17, 2014 8:20pm May 17, 2014 8:20pm
Quoting Ifmyante
Don't you mean "free heart failure here"?! Your trading method is absolutely bloody awful, and your risk profile is deplorable. The saving grace of your method is you blindly hope that you'll be able to overcome crippling drawdown and get into profit again! {image} {image} I mean, seriously??? {image} You have absolutely no clue how the market works. Being tough as old boots through massive DD is all well and good until your account is blown in 5 or less losing trades! It's no more than high risk gambling. It's playing chicken with the market, and...
thanks to show to people the stupidity behind this guy ( who could have a " commercial member " near his name pretty soon... )

i've been banned of the thread because i show to this guy without make fun of him he has put 4 times the same indicator on his template ahahah

and we can see he continues to post his chart with 4 same lines of stoch 8,3,3 boxes...
difficult to put his confidence in this guy...
  • #976
  • May 17, 2014 9:37pm May 17, 2014 9:37pm
Quoting Ifmyante
I know, but showing off dumb luck and unfounded bravery and calling it a method is very dangerous for everybody Re the sites: I desperately want them back up and running, but our one man with the password for the cpanel is off for the weekend. And everybody who knows me knows that had I the password, I'd have the sites up and running in twenty seconds flat http://24.media.tumblr.com/tumblr_m3zgenZn7S1r3tlbto1_400.gif
Haha, yes I think Harry has some experience with your tech expertise.
  • #977
  • May 17, 2014 10:05pm May 17, 2014 10:05pm
Quoting eitan1010
free money here http://www.forexfactory.com/showthread.php?t=470225 enjoy
Please go back to the Saturn!
-milkeyway
  • #978
  • Edited 11:36pm May 17, 2014 11:20pm | Edited 11:36pm
He just posted 1 post,

But we post so many after that and pollute this thread. Cursing others is not good quality of matured traders.This is a dangerous attitude.Its nothing different to religious extremism. We can put arguments, but nowhere we should insult others. Ignoring first will be the first option.Then taking action is second.

Lets move on.
  • #979
  • May 17, 2014 11:34pm May 17, 2014 11:34pm
Quoting Fxyogi
He just posted 1 post, But we post so many after that and pollute this thread. Cursing others is not good quality of matured traders.This is a dangerous attitude.Its nothing different to religion extremism. We can put arguments, but nowhere we should insult others. Ignoring first will be the first option.Then taking action is second. Lets move on.
I agree.
-milkeyway
  • #980
  • May 18, 2014 7:56am May 18, 2014 7:56am
If ever the site should be down again, you can browse old versions at the link below. Just click the blue circle for the date of the site's snapshot that you want to view (April 4 is the most recent): https://web.archive.org/web/*/http://readthemarket.com

No guarantee it's all there and it's probably a little slower, but might work for a few days, plus some have the old template, so you can enjoy a trip down memory lane

I tried to post this yesterday but wouldn't you know FF went down for maintenance at that moment. Guess I gotta work on my timing.
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