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ReadtheMarket - Supply and Demand with Price Action

  • #1,041
  • Jun 25, 2014 1:07pm Jun 25, 2014 1:07pm
Quoting hoss
{quote} Hi If, I can't seem to get the contact form to work within your website, so I didn't know where else to turn. Sorry for posting in the thread. I just wanted to see if anything was received from a [email protected] ("[email protected]&quot. Thank you.
HiI see nothing from that addresstry my email, if@readthe..........
  • #1,042
  • Jun 25, 2014 1:08pm Jun 25, 2014 1:08pm
Quoting Fxyogi
{quote} IF, you are squeezing out every pips till the move ends. Excellent one mate
Those ones really do make one smile!
  • #1,043
  • Jun 25, 2014 1:25pm Jun 25, 2014 1:25pm
FXY

You posted recently about the mistakes pro traders make

Well, I'm not a pro trader. In fact, I don't consider myself a trader at all! But I am profitable, if that counts me as a pro.

I do make mistakes, and recently have been making more than ever

http://screencast.com/t/vXYMWYScpC

That flattish bit, sloping down, is where I took unconfirmed trades. Lots of them.
I'd never encourage my students to take those trades, but I regularly take them myself, causing myself nothing but aggravation!

It may seem I take these trades out of hubris, and maybe that's part of it. But really I take them out of boredom, and my own need to take silly risks.
This is the reason I don't consider myself a trader.
When I was a kid I worked in my Dad's joinery. I'd regularly swish my hand over the spinning blade of a table saw, trying to get as close as I could without chopping my fingers off. I shudder to think about it now, but I know that there's still a part of that idiot still inside me, and he surfaces sometimes when I'm at the terminal, goading me to press that button

No matter how good we get at reading price, we always bring ourselves with us everywhere we go. I'm a reckless fool, and always will be, regardless of whether it's a terminal in front of me, or a bare wire begging me to test it for electricity!
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  • #1,044
  • Jun 25, 2014 3:04pm Jun 25, 2014 3:04pm
Can't post a chart right now but gold has hit a daily supply with a QM on the 4 hour.
Life is too short to have anything but delusional notions about yourself.
  • #1,045
  • Jun 25, 2014 9:05pm Jun 25, 2014 9:05pm
Quoting Ifmyante
FXY You posted recently about the mistakes pro traders make Well, I'm not a pro trader. In fact, I don't consider myself a trader at all! But I am profitable, if that counts me as a pro. I do make mistakes, and recently have been making more than ever http://screencast.com/t/vXYMWYScpC That flattish bit, sloping down, is where I took unconfirmed trades. Lots of them. I'd never encourage my students to take those trades, but I regularly take them myself, causing myself nothing but aggravation! It may seem I take these trades out of hubris,...
Well put IF I may print this out and hang it next to my terminal.
  • #1,046
  • Jun 25, 2014 9:37pm Jun 25, 2014 9:37pm
Quoting Ifmyante
FXY You posted recently about the mistakes pro traders make Well, I'm not a pro trader. In fact, I don't consider myself a trader at all! But I am profitable, if that counts me as a pro. I do make mistakes, and recently have been making more than ever http://screencast.com/t/vXYMWYScpC That flattish bit, sloping down, is where I took unconfirmed trades. Lots of them. I'd never encourage my students to take those trades, but I regularly take them myself, causing myself nothing but aggravation! It may seem I take these trades out of hubris,...

Hi IF,
When i saw your draw down, i almost fell off from my chair. Great mate. Excellent graph. Is it coincidence it looks like my one?? .

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I will recommend all the traders to read this post. It shows the basic quality of trader. Humbleness and truthful. I really loved what you say here.

"No matter how good we get at reading price,we always bring ourselves with us everywhere we go".

Very true mate. Patience is very difficult to practice. Our trades are like mirror of our mind. In fact, it is the most emotional job in the world. I also do mistakes. But market teaches me good lesson when i don't have discipline. As you pointed out, i also take trades with boredom and burn my fingers. We are not Buddha or Jesus. But we are on the path.

Thanks for your detail post brother.We love to see your zero draw down trades more and learn more.Your a true legend. Keep it up mate.
  • #1,047
  • Jun 25, 2014 9:40pm Jun 25, 2014 9:40pm
Quoting Ifmyante
FXY You posted recently about the mistakes pro traders make Well, I'm not a pro trader. In fact, I don't consider myself a trader at all! But I am profitable, if that counts me as a pro. I do make mistakes, and recently have been making more than ever http://screencast.com/t/vXYMWYScpC That flattish bit, sloping down, is where I took unconfirmed trades. Lots of them. I'd never encourage my students to take those trades, but I regularly take them myself, causing myself nothing but aggravation! It may seem I take these trades out of hubris,...
hi IF, ma' mate, glad to see u around again, especially with that tranding statement, Damn cool..
all the best for RTM and the team, keep moving forward bro
Simplicity Is The Ultimate Sophistication ~LDV~
  • #1,048
  • Jun 26, 2014 3:17am Jun 26, 2014 3:17am
FXY, that's a really beautiful curve!!!!!

Your discipline (shown in your profit factor) puts me to shame!

That's a very rare talent, and should be nurtured.

A few months history like that would have you straight into our trading room; a valued member of the team!
  • #1,049
  • Jun 26, 2014 3:23am Jun 26, 2014 3:23am
Sindu,

I've been missing you! Hope all's good in your life brother 80)
  • #1,050
  • Jun 26, 2014 6:16am Jun 26, 2014 6:16am
as RTM student I would like to share my 3 months demo practice too. Still working hard.
If I am able to reach 40K check point I will start micro live account soon.

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  • #1,051
  • Jun 26, 2014 7:04am Jun 26, 2014 7:04am
Quoting Ifmyante
FXY, that's a really beautiful curve!!!!! Your discipline (shown in your profit factor) puts me to shame! That's a very rare talent, and should be nurtured. A few months history like that would have you straight into our trading room; a valued member of the team!
It is an honor mate. in few months, i will show u beautiful curve by trading your method. And will apply for your trading room. Would love to do that.Still need to improve, comparing to your drawdown im nothing.

Gristrar,

Very nice curve with consistency. But, take care of your drawdown. Since its a demo, u r not emotional. But when it comes real account, more than 10% is a blow out. Because, first thing is traders psychological performance, then consistency. When we have more than 20% drawdown, we will not be able to close the trade as emotions come into play, intelligence doesn't work. Then we need to pray god and sweat with fear of losing.even if you close at 20%, reinstating the account will take time.
  • #1,052
  • Jun 26, 2014 7:05am Jun 26, 2014 7:05am
Yea Fxyogi, totally agree!
  • #1,053
  • Jun 26, 2014 8:45am Jun 26, 2014 8:45am
Gristar, that's a beautiful return!!

I have nothing to add to Yogi's comments, but I agree with them completely 80)
  • #1,054
  • Jun 26, 2014 11:43am Jun 26, 2014 11:43am
Yogi Bro, incredible profit factor, 12!!!!!!!

man, please tell me how long is this 24 trades taking you? 2 months?

I can find 1~2 entries per pair per week, if i work 100% hard. therefore very curious of your spotting frequency.

Quoting Fxyogi
{quote} Hi IF, When i saw your draw down, i almost fell off from my chair. Great mate. Excellent graph. Is it coincidence it looks like my one?? . {image}
  • #1,055
  • Jun 26, 2014 10:03pm Jun 26, 2014 10:03pm
Quoting charvo
Yogi Bro, incredible profit factor, 12!!!!!!! man, please tell me how long is this 24 trades taking you? 2 months? I can find 1~2 entries per pair per week, if i work 100% hard. therefore very curious of your spotting frequency. {quote}
Charvo,

That is 2 weeks PF. However, i don't have any control over PF. Its that market gives me. it is not same every time. If you trade gold and compound its achievable. But yet, we don't have any control. Control is over our drawdown. Just check what master has shown us 0.96% drawdown. Man that is where we should focus.
Unfortunately we focus on wrong place .
  • #1,056
  • Jun 26, 2014 10:09pm Jun 26, 2014 10:09pm
Looks like there is a scalp and see opportunity at those red lines.

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  • #1,057
  • Jun 26, 2014 10:16pm Jun 26, 2014 10:16pm
IF,

This engulf didnt work. Did i mark it wrongly?.

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  • #1,058
  • Jun 27, 2014 4:23am Jun 27, 2014 4:23am
Hi, anyone know if RTM is down all i'm getting is a blank screen. Thanks
  • #1,059
  • Jun 27, 2014 5:16am Jun 27, 2014 5:16am
We're getting nothing but trouble from our new server!
We'll be migrating again ASAP
  • #1,060
  • Jun 27, 2014 5:21am Jun 27, 2014 5:21am
No probs thanks for the quick reply IF.
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