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ReadtheMarket - Supply and Demand with Price Action

  • #981
  • Edited 1:50pm May 27, 2014 8:03am | Edited 1:50pm
Gold broke FL, looking for entry on RT.

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  • #982
  • Jun 6, 2014 2:10am Jun 6, 2014 2:10am
Is anybody else having difficulty accessing the RTM site? I keep getting "500 internal server error" messages...
  • #983
  • Jun 6, 2014 2:13am Jun 6, 2014 2:13am
We're having many issues with the sites since we moved to a cloud server. Here's hoping we can resolve it very soon.
Hang in there. We'll be back ASAP
  • #984
  • Jun 6, 2014 2:28am Jun 6, 2014 2:28am
Quoting Ifmyante
We're having many issues with the sites since we moved to a cloud server. Here's hoping we can resolve it very soon. Hang in there. We'll be back ASAP
Thanks IF'
  • #985
  • Jun 6, 2014 10:50am Jun 6, 2014 10:50am
Quoting Ifmyante
We're having many issues with the sites since we moved to a cloud server. Here's hoping we can resolve it very soon. Hang in there. We'll be back ASAP
Look like this beautiful place is dead.Need to get back to the track next week.

IF brother where are you?. I would like to know which platform you are using for tick charts'?. I have fxcm but not with much history

Can you suggest proper one.
  • #986
  • Jun 10, 2014 10:46pm Jun 10, 2014 10:46pm
Quoting Fxyogi
{quote} Look like this beautiful place is dead.Need to get back to the track next week. IF brother where are you?. I would like to know which platform you are using for tick charts'?. I have fxcm but not with much history Can you suggest proper one.
It's been slow, but not dead. Anybody who does their research will eventually come to it.
  • #987
  • Jun 10, 2014 10:59pm Jun 10, 2014 10:59pm
are you guys willing to put up a trade explorar here to show your performance ? kanzler ?
  • #988
  • Jun 11, 2014 7:40am Jun 11, 2014 7:40am
. Reasonable question. Simply this question is asking me

1."Do you have balls to show your real trades?".
2." What is your real face?".
3."Where are your losing trades?"

Its not coincident that many traders don't post the explorer. Because,

1.we don't want to spoil our image that we created as a trading guru. No exceptions for this.
2.If the successful explorer shown , others get free signal!!!!.
3.Investors may not be willing to show the confidential information publicly even traders likes to do it.

But i assure you 99% of the FF traders fall into 1st category. I can identify them easily . They cant hide their true face behind the words.Experienced traders easily identify them.

This journey is a lonely path with pain and pleasure.No skipping. Blind cant lead blind. We need to test everything by our self prove it to your own.

Saying that. Once i confirm this method is workable without any flaws, i will show my gratitude in trade explorer. that's the real endorsement.

Good luck
  • #989
  • Jun 11, 2014 7:59am Jun 11, 2014 7:59am
Quoting Fxyogi
. ......... Good luck
thats ok i'm not asking for a live trading account.you can use a demo account for this purpose too.i'd love to see Master rank rtm traders's demo performance.
  • #990
  • Jun 11, 2014 8:41am Jun 11, 2014 8:41am
dang, Brother, i thought you've been consistently profitable already.

any doubts still remain?

i had asked several 10v SD traders on FF by PM, "are you consistently profitable? what's your RR and win%?" some replied saying "none of your business, psycho!"

sigh, i was in fact merely looking for encouraging facts to mentally support my lonely endeavor......

i'm trying to solve my doubts now, the biggest doubt i have now is that for a big portion of price movement, things I learned from PIE or RTM seem not quite applicable. But the great traders Red, IF, or Lovejoy they seem able to enter the market at any moment that I deem not tradable. my skill is still poor......

Quoting Fxyogi
. Saying that. Once i confirm this method is workable without any flaws, i will show my gratitude in trade explorer. that's the real endorsement. Good luck
  • #991
  • Jun 11, 2014 10:50am Jun 11, 2014 10:50am
Quoting charvo
dang, Brother, i thought you've been consistently profitable already. any doubts still remain? i had asked several 10v SD traders on FF by PM, "are you consistently profitable? what's your RR and win%?" some replied saying "none of your business, psycho!" sigh, i was in fact merely looking for encouraging facts to mentally support my lonely endeavor...... i'm trying to solve my doubts now, the biggest doubt i have now is that for a big portion of price movement, things I learned from PIE or RTM seem not quite applicable. But the great traders Red,...

Charvo,

Im consistent but not always my trades are winners. Otherwise, why should i put SL in my trades. If someone can predict the market precisely will they put SL?. My losses are small and well planned.That keep me positive.But what i was trying to explore is whether this technique is holy grail or not. Because sometimes its too close, sometimes too far.Need to confirm by exploring some more.Nevertheless, my trade management also applies to my profit. sometimes i average in, sometimes i scale in,sometimes i compound,sometimes i cut loss quickly.Its all after certain feeling towards the market is created. Sometimes i read the bar wicks,sometimes i ignore candles.This is because i have been in all the trading style in my life.Mostly all trading styles i found loopholes and illogical. IF trading style is logical. You better give up redsword if you don't want draw down. For beginners its ok, but later you should give up as you grow.

You said you asked question to 10V traders. Mate 99% of those traders are just fishing in FF. Not really know what trading is. Real traders are hiding behind ,we need special eyes to see them.

Please don't discourage yourself.No super traders here. So you don't need to really think the way you think now.

One day one of my trader friend told me " i may be a poor trader but im a good money manager"

My friend that's all i can tell you for now.once you are in profit zone and consistent start compounding slowly.it can bring you more than 1000% per month. any profit less than 100% for a forex trader is really not worthy comparing to the currency movement day by day. I dont even consider them as a successful traders.

Hope you got my point
  • #992
  • Jun 11, 2014 10:52am Jun 11, 2014 10:52am
Quoting 200km
{quote} thats ok i'm not asking for a live trading account.you can use a demo account for this purpose too.i'd love to see Master rank rtm traders's demo performance.
Thank god im not a master trader
  • #993
  • Jun 11, 2014 12:17pm Jun 11, 2014 12:17pm
i get your point fully wholly, thanks a lot, bro!

Quoting Fxyogi
{quote} once you are in profit zone and consistent start compounding slowly.it can bring you more than 1000% per month. any profit less than 100% for a forex trader is really not worthy comparing to the currency movement day by day. I dont even consider them as a successful traders. Hope you got my point
  • #994
  • Jun 12, 2014 5:35am Jun 12, 2014 5:35am
Quoting charvo
i get your point fully wholly, thanks a lot, bro! {quote}
Charvo,

As a fellow trader , im really eager to everyone progress. Your honesty will earn that for you for sure. Just don't give up keep finding the order in the chaos.
No point in advising without giving your insights away. Please find the attached chart and see if you got anything new.

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  • #995
  • Jun 12, 2014 5:45am Jun 12, 2014 5:45am
Another one for you my brother.

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  • #996
  • Edited 7:38am Jun 12, 2014 7:10am | Edited 7:38am
believe it or not, i was going to post this morning's gold chart 4H, i thought to myself that i should ask Fxyogi's opinion on this, lol, what a coincidence.

i'm sorry that i cannot post a chart in office, but my question is this:

from May 25th till today, gold is making a flag from 1268 to 1240 approx. from today on, this flag's FL(above) is at 1268 defined by the FTR you noted. If this FTR/FL @1268 is engulfed, will the price go all the way to last pole's DP @ 1285~1287 (my guess is very likely.)

edited: upload a pic from remote access, not quite illlustrative, but hopefully still conveying.
edited: entered @ 1270, probe positions, feeling maybe there's no retrace. i also think that previous CP's 3 huge lower wicks(during Apr & May) will not be a problem to bulls. Price will freely go up to the target, won't it?

many thanks, Yogi Bro! what you shared is what i need most currently!

Quoting Fxyogi
{quote} Charvo, As a fellow trader , im really eager to everyone progress. Your honesty will earn that for you for sure. Just don't give up keep finding the order in the chaos. No point in advising without giving your insights away. Please find the attached chart and see if you got anything new. {image}
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  • #997
  • Jun 12, 2014 8:10am Jun 12, 2014 8:10am
My brother,

TG supposed to be here.

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Generally you better allow to retrace and buy. Currently you are doing it as a breakout trading which is not advisable.

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This works same as compression zone as i attached below.

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  • #998
  • Jun 12, 2014 8:20am Jun 12, 2014 8:20am
this gbpchf chart is a wonderful read!

say, being a working man, i cannot trade during 9~5, do you think it is doable(profitable) to trade only daliy/weekly timeframe?? i feel it brings less trades, big variance(DD possibility) on equity curve, but similar profit potential? what do you think? your GBPCHF chart is a nice example making me wondering......

Quoting Fxyogi
This works same as compression zone as i attached below.
  • #999
  • Jun 12, 2014 8:35am Jun 12, 2014 8:35am
Quoting charvo
this gbpchf chart is a wonderful read! say, being a working man, i cannot trade during 9~5, do you think it is doable(profitable) to trade only daliy/weekly timeframe?? i feel it brings less trades, big variance(DD possibility) on equity curve, but similar profit potential? what do you think? your GBPCHF chart is a nice example making me wondering...... {quote}
Charvo, over 4hr good for working man. Less also can be done if you are not emotional about your trades. early morning if you wake up find anything in LTF , go for half a size that you generally go and set the SL 2 times than you normally do. Then set the target and forget. But our itchy mind need to check the trades every time and worry if it goes red.That will spoil our work. If that is the case reduce the position size.
  • #1,000
  • Jun 12, 2014 1:26pm Jun 12, 2014 1:26pm
Quoting 200km
{quote} thats ok i'm not asking for a live trading account.you can use a demo account for this purpose too.i'd love to see Master rank rtm traders's demo performance.
Hey man ...why don't you spend some time learning on RTM and become a Master rank trader ...and then you can post your trade explorer ....this way you can see what a master can do and after that you are set for life .I have no intention in offending you with this post but they were kind enough to post their findings after 1000's of hours of blood sweat and tears ...you need to take one or two leaps of faith along the way ...what if someone posts a trade explorer with daily double digits returns...would you belive it or say it's a scam?

Trade well.
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