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ReadtheMarket - Supply and Demand with Price Action

  • #1,081
  • Jul 1, 2014 6:06pm Jul 1, 2014 6:06pm
Quoting charvo
it's been more than half a year since i started following IF's footsteps. it has been many round trips between 'nice/oh i c/awesome/' and 'wtf/dunno/weird'. but now i have only one question, please help, anyone please share your thoughts? isn't it true that the price movements consist of only 2 things: pole and flag, and flag limit is just the edge of a flag (two edges of a flag)?
Just my understanding. Yes, flag limit is just the edges of a flag. The difficult part is how to determine if an edge will hold and become the true edge before it's too obvious. And how to put your SL to trade them.
  • #1,082
  • Jul 1, 2014 7:14pm Jul 1, 2014 7:14pm
Quoting Chanya
Today I suffered a loss on NZD/JPY... Can anyone plz point out what went wrong...
You thought it was going to zero, that's what went wrong

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  • #1,083
  • Jul 1, 2014 8:11pm Jul 1, 2014 8:11pm
"LUCK" continues...

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  • #1,084
  • Jul 1, 2014 11:13pm Jul 1, 2014 11:13pm
forgive me for being hysterical,

on second thought, is there any difference between 'base in RBD or DBD' and 'Flag Limit'? i just can't tell the difference, i feel they are same thing, aren't they?

Quoting charvo
isn't it true that the price movements consist of only 2 things: pole and flag, and flag limit is just the edge of a flag (two edges of a flag)?
  • #1,085
  • Jul 2, 2014 3:46am Jul 2, 2014 3:46am
Quoting Mong00se
{quote} You thought it was going to zero, that's what went wrong {image}
Mongoose, what made you exit your trades there ?
Human
  • #1,086
  • Jul 2, 2014 6:40am Jul 2, 2014 6:40am
Quoting Mong00se
"LUCK" continues... {image}
Mongoose, what made you enter your trades there ?
-milkeyway
  • #1,087
  • Jul 2, 2014 8:24am Jul 2, 2014 8:24am
More "LUCK"...

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  • #1,088
  • Jul 2, 2014 9:11am Jul 2, 2014 9:11am
Quoting charvo
forgive me for being hysterical, on second thought, is there any difference between 'base in RBD or DBD' and 'Flag Limit'? i just can't tell the difference, i feel they are same thing, aren't they? {quote}
If you look in the Marketpedia section of RTM, the article is called: Flag Limits - DBD/RBR (http://readthemarket.com/index.php/flag-limits-dbd-rbr). So FL are the B's (bases) of DBDs and RBRs. See the article Caps on Price - RBD/DBR (http://readthemarket.com/index.php/caps-on-price-rbd-dbr)where the B's of RBDs and DBRs are Caps.

I tend to think of a pole and flag in the real, non-trading world. A pole rises from the ground and has a flag on top. The bottom of the flag is part way up the pole and the top of the flag is, of course, at the top of pole. On a chart let's say that a pole rises from demand. Price pauses as it breaks something to the left before it continues upward. That pause is your FL (or FTR.) The top of the continuation upward is the cap (which is often supply.) Just the opposite in a down move.

The lingo can be confusing sometimes but hopefully that helps. Another great resource is If's video on decisions (https://www.youtube.com/watch?v=wd5I7ea6K7A). The general sentiment seems to be, "who cares what it's called? It's a decision on price." I'm not trying to speak for him or oversimplify but watch the video and see if you get the same impression.
  • #1,089
  • Jul 2, 2014 9:39am Jul 2, 2014 9:39am
thanks a lot, yes, same impression here.

i think different persons use different words to summarize one same thing. FL is a word that has well confused me for a few months, but in the end it is just indecision after a decision.
Quoting polymorphfx
{quote}The general sentiment seems to be, "who cares what it's called? It's a decision on price." I'm not trying to speak for him or oversimplify but watch the video and see if you get the same impression.
  • #1,090
  • Jul 2, 2014 12:22pm Jul 2, 2014 12:22pm
Quoting Mong00se
More "LUCK"... {image}
Hey there, nice trades. Do you trade RTM method or some sort of your own system?

What are your results? in terms of % of winners, average winner/looser and trade frequesncy?

Thanks in advance.
MQL5 Market products 10 times cheaper? Yes, we can help. Send us a PM
  • #1,091
  • Jul 2, 2014 9:23pm Jul 2, 2014 9:23pm
Quoting Das Ist Gut
{quote} Hey there, nice trades. Do you trade RTM method or some sort of your own system? What are your results? in terms of % of winners, average winner/looser and trade frequesncy? Thanks in advance.
Hi, i'll put it to you this way. RTM "method" is probably the best way to learn to understand how price moves. Once i felt that i understand everything there is to understand about that "method" i realized that there is SOMETHING missing in the way they explain how price moves. I set out to try to discover it myself. It took me about two weeks of staring at charts to finally SEE it. I couldn't believe how i was missing such SIMPLICITY all this time. This happened about a month ago. I decided to try out what i discovered with a small live account. I'm up over 60% in three weeks and that's only the beginning. I can finally say i feel ONE WITH THE MARKET. The journey continues...
  • #1,092
  • Jul 2, 2014 10:56pm Jul 2, 2014 10:56pm
Quoting Chanya
{quote} Mongoose, what made you exit your trades there ?
Unfilled buy orders.
  • #1,093
  • Jul 2, 2014 10:57pm Jul 2, 2014 10:57pm
Quoting kumaramy
{quote} Mongoose, what made you enter your trades there ?
Unfilled sell orders.
  • #1,094
  • Jul 3, 2014 2:30am Jul 3, 2014 2:30am
hi if
i can not login on the readthemarket.com
show message ajax error
  • #1,095
  • Jul 3, 2014 5:12am Jul 3, 2014 5:12am
Quoting Mong00se
{quote} Unfilled buy orders.
Quoting Mong00se
{quote} Unfilled sell orders.
Respectfully, Main theme of RTM is LEARN and TEACH, not learn and make it a secret with a grin. Just imagine if IF would have done the same ? Best of luck with your new found discoveries, literally not interested, I have RTM. Regards
Human
  • #1,096
  • Jul 3, 2014 5:39am Jul 3, 2014 5:39am
Quoting Chanya
{quote} {quote} Respectfully, Main theme of RTM is LEARN and TEACH, not learn and make it a secret with a grin. Just imagine if IF would have done the same ? Best of luck with your new found discoveries, literally not interested, I have RTM. Regards
Then you are welcome to LEARN and TEACH, that's something i'm not interested in. Btw, you're forgetting IF is keeping "the last piece of the puzzle" to himself.
  • #1,097
  • Jul 3, 2014 5:49am Jul 3, 2014 5:49am
I bloody well am not!

I've put every piece of it out there for everybody to find.

I'm glad you're doing really well from what you've learned. I hope that people I'd like to work with have the same success!

Good day
  • #1,098
  • Jul 3, 2014 9:27am Jul 3, 2014 9:27am
very pathetic, lol.

Quoting Mong00se
{quote} Then you are welcome to LEARN and TEACH, that's something i'm not interested in. Btw, you're forgetting IF is keeping "the last piece of the puzzle" to himself.
  • #1,099
  • Jul 3, 2014 10:08am Jul 3, 2014 10:08am
Lets focus on trading guys. If there are any additional "secrets" , Its not a big issue for IF to know by now. He is capable of that. If that is the case , its even better for us because IF doesnt know how to hide the secret . And i must say he has put all his works freely. But not organized, its here and there. Its like puzzle as he said.Often he doesn't want to provide a straight forward answer in public that's all. Download evernote and save all his posts. It may be helpful.



Chanya,

you put it well
Bravo mate

Nobody trading???!!. No charts!!!.
  • #1,100
  • Jul 3, 2014 10:28am Jul 3, 2014 10:28am
Quoting Fxyogi
Nobody trading???!!. No charts!!!.
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