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ReadtheMarket - Supply and Demand with Price Action

  • #1,121
  • Jul 4, 2014 2:56pm Jul 4, 2014 2:56pm
Yogi Brother, Please help me.

i have serious doubts on how you draw the box. I guess they are the 'flag'? and the upper and lower edge of your box are flag limits?

could you please take a look at my flag? these blue boxes, i take the upper/lower edges of my blue boxes as FL. i didn't draw all of them out (or will clutter the chart). i'd just learn from you if i draw them with too many mistakes. Thanks

the chart is Oct 2004, AUDUSD 4H.


Quoting Fxyogi
{quote} Its on charts. No need further explanation.. {image} {image} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: screen_00006.jpg Size: 118 KB
  • #1,122
  • Jul 4, 2014 2:56pm Jul 4, 2014 2:56pm
Quoting Fxyogi
When i was smoking today in a lonely environment, I got this idea to become a trading guru and set up a profitable business. Please follow these steps if anyone interested. 1. Go RTM with a funky user name. And ask all your questions and get every help you need. Post your silly trades and get comments from IF and squeeze out his knowledge and take advantage of free material. 2. Once you finished , you are set. Now open a demo account and start trading. Now you will have several losers. Dont worry. Take your winning trades and post it in FF here...
I meant to quote this one 80)
  • #1,123
  • Jul 5, 2014 12:02pm Jul 5, 2014 12:02pm
Quoting Fxyogi
{quote} Bulleyes, I cant say much about this. I send you a PM. Edit- Check your PM . i sent already
Thanks again Yogi, I looked at the chart again and please see below. Could this be a valid reason for the FL with engulfing 3 to be correct?

And any reason why Engulfing 2 didn't work? Maybe it's due to some structure in LTF? But I couldn't see it back to last year in my software.

Attached Image (click to enlarge)
Click to Enlarge Name: NZD chart 07-05-2014.jpg Size: 125 KB
  • #1,124
  • Edited 10:19pm Jul 5, 2014 10:07pm | Edited 10:19pm
Quoting bulleyes
{quote} Thanks again Yogi, I looked at the chart again and please see below. Could this be a valid reason for the FL with engulfing 3 to be correct? And any reason why Engulfing 2 didn't work? Maybe it's due to some structure in LTF? But I couldn't see it back to last year in my software. {image}

i hope this is correct.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nzdusdh4.png Size: 44 KB
Click to Enlarge Name: nzdusddaily.png Size: 35 KB
-milkeyway
  • #1,125
  • Jul 7, 2014 11:52am Jul 7, 2014 11:52am
Quoting Fxyogi
If anyone have symbol indi for MT4 646 build , kindly post it
hello FXyogi...hope it works
Attached File(s)
File Type: ex4 Symbol and timeframe.ex4   11 KB | 644 downloads
Attached File(s)
File Type: mq4 Symbolandtimeframe-v2.mq4   3 KB | 1,693 downloads
  • #1,126
  • Jul 7, 2014 4:37pm Jul 7, 2014 4:37pm
It looks like the price should go to the next level below this time?

Attached Image (click to enlarge)
Click to Enlarge Name: NZD chart 07-07-2014.jpg Size: 104 KB
  • #1,127
  • Jul 7, 2014 5:31pm Jul 7, 2014 5:31pm
Quoting lupy
{quote} hello FXyogi...hope it works{file}{file}
Lupy,

Thanks very much. Initially V2 was working . But then suddenly only readthemarket.com only appearing , but symbol is missing. May be not compatible with 646build?
  • #1,128
  • Jul 7, 2014 6:00pm Jul 7, 2014 6:00pm
Quoting charvo
Yogi Brother, Please help me. i have serious doubts on how you draw the box. I guess they are the 'flag'? and the upper and lower edge of your box are flag limits? could you please take a look at my flag? these blue boxes, i take the upper/lower edges of my blue boxes as FL. i didn't draw all of them out (or will clutter the chart). i'd just learn from you if i draw them with too many mistakes. Thanks the chart is Oct 2004, AUDUSD 4H. {quote} {image}
Charvo,

You totally got it wrong. FL is not edges of flags. But flags are between FL. Can u see what i am saying??. see below picture

Attached Image (click to enlarge)
Click to Enlarge Name: Presentation1.jpg Size: 28 KB


Im not an expert in drawing boxes . IF is the best on that. Im still learning. However i will take a look your chart. Meanwhile you can study my yesterday trade and reason for scaling in at top.

Attached Image (click to enlarge)
Click to Enlarge Name: usdcadm5-1.png Size: 26 KB
  • #1,129
  • Jul 7, 2014 9:32pm Jul 7, 2014 9:32pm
Quoting Fxyogi
{quote} Lupy, Thanks very much. Initially V2 was working . But then suddenly only readthemarket.com only appearing , but symbol is missing. May be not compatible with 646build?
Hi Fxyogi,

Thank you very match your contribution.

Old version mq4 file is not compatible with V600.
But ex4 file can be used for V600.

I think V2 mq4 file should compile to ex4 in old MT4 platform to use for V600.

But I can not do this , Sorry.
  • #1,130
  • Jul 7, 2014 11:49pm Jul 7, 2014 11:49pm
Quoting windorz
{quote} Hi Fxyogi, Thank you very match your contribution. Old version mq4 file is not compatible with V600. But ex4 file can be used for V600. I think V2 mq4 file should compile to ex4 in old MT4 platform to use for V600. But I can not do this , Sorry.
Windorz,

Thanks. Now it is working again. Don't know what is the problem. Really nice tool. Amazing and neat. Useful for poor eyesight people like me.

Attached Image (click to enlarge)
Click to Enlarge Name: usdcadh1.png Size: 32 KB
  • #1,131
  • Edited 2:58pm Jul 8, 2014 12:27am | Edited 2:58pm
Yogi Bro, thanks for your help! I'm trying to digest now.

I understand for important engulfs, FL is FTR. Therefore the FL is not a line as I thought (edge of a flag), it is an area defined by the FTR zigzag. But a Flag between upper FL and lower FL does touch both FLs, doesn't it?

As to your yesterday trade of usdcad, i have tons of questions. I've followed your posts carefully, since late Apr, early May, you started posting more charts with boxes. They appeared like PAZ defined by FL to me, but not confirmed if I remember right. I attached a chart to express my most important questions. Please take a look.

Two elusive issues that I cannot type into the attached chart.
1. In fact, I don't think they are PAZs as they are drawn differently. But seemingly your charts imply that "if one box is engulf, price will finally go to next box", which sounds like a PAZ.
2. The box, if engulfed fully(from one side to the other side), is no longer 'fresh', and will be removed, do i understand right? if so, again, it sounds like a PAZ.
i think PAZ are in fact defined by FTR usually, so engulf and 'fresh' both apply here. i'd just wish to get clarified by you and learn the way you draw and use these boxes.

Thanks again, look forward to your shedding lights. I'll upload another picture later discussing your entries.

edit: i redraw your 3 boxes as I guessed how you defined it. then i add 2 boxes of my own with 2 questions.

Quoting Fxyogi
{quote} Charvo, You totally got it wrong. FL is not edges of flags. But flags are between FL. Can u see what i am saying??. see below picture {image} Im not an expert in drawing boxes . IF is the best on that. Im still learning. However i will take a look your chart. Meanwhile you can study my yesterday trade and reason for scaling in at top. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad-m5-go-markets-pty.png Size: 77 KB
  • #1,132
  • Jul 8, 2014 2:10am Jul 8, 2014 2:10am
Quoting Fxyogi
{quote} Lupy, Thanks very much. Initially V2 was working . But then suddenly only readthemarket.com only appearing , but symbol is missing. May be not compatible with 646build?
If you can upload an image, or describe exactly what you want to display, I'll adapt the indi' that I have and upload it for you and anyone else to use.
  • #1,133
  • Jul 8, 2014 6:56am Jul 8, 2014 6:56am
This is what we said a diamond can happen after an engulfing!? If so we can expect the price action as below.

Attached Image (click to enlarge)
Click to Enlarge Name: NZD chart1 07-08-2014.jpg Size: 112 KB
  • #1,134
  • Jul 8, 2014 10:09pm Jul 8, 2014 10:09pm
Yogi Bro, I've spent a while to put my read & doubts on the attached chart, please comment.

your three boxes look delicate, but i have doubts like 'why didn't he draw it that way but this way?', i put my guess of what these 3 boxes are in red fonts, hoping you can enlighten me.

I felt lots of 'unsure' when drawing it, lol. I must have left out something, but it should be due to ignorance instead of laziness.

Quoting Fxyogi
{quote}Meanwhile you can study my yesterday trade and reason for scaling in at top. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Yogi Setup.png Size: 67 KB
  • #1,135
  • Jul 8, 2014 11:33pm Jul 8, 2014 11:33pm
Hi, Yogi, i think this might be a insightful discussion (for me, mostly). during my testing, i draw the boxes in my learned way from RTM. For the past few days, I often felt confused when reading your boxes in your charts. They are great looking, but I am not sure what rules/principles you applied drawing them. The only boxes I've seen on RTM is PAZs or FTRs that define PAZs.

i attached my boxes drawing. The blue boxes are FTR zone, between blue boxes are PAZs.
Once price enters a PAZ (engulfing a FTR zone), it'll go to the other side of that PAZ. And the engulfed FTR is out of consideration (not fresh) from this point, therefore, my boxes ends when the price engulf the corresponding FTR. When a new FTR is made by the returning price, a new PAZ will be drawn and defined. The simulated trades using this rule are also noted on chart.

I'm not sure if I draw my boxes right, and more importantly, how do you define your box? and when? if they are FTR/FL, you draw them right after the FL as early as you can, or wait a while to draw them (i ask this since your boxes are often very long horizontally)?

Quoting Fxyogi
{quote} Meanwhile you can study my yesterday trade and reason for scaling in at top. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: My boxes.png Size: 52 KB
  • #1,136
  • Jul 9, 2014 2:52am Jul 9, 2014 2:52am
Hi all

I have a question for all you RTM experts.

This is a chart of the cable future, so prices slightly different to the GBPUSD pair:

Attached Image (click to enlarge)
Click to Enlarge Name: 6B question.jpg Size: 130 KB


There was an engulf of a messy level (shown in blue) which I thought would have given way to supply working. There was a reaction, but then price faked out to higher supply.

Any thoughts/comments? Cheers!
If it's too good to be true, it probably is.
  • #1,137
  • Jul 9, 2014 5:02am Jul 9, 2014 5:02am
Quoting SimonK
Hi all I have a question for all you RTM experts. This is a chart of the cable future, so prices slightly different to the GBPUSD pair: {image} There was an engulf of a messy level (shown in blue) which I thought would have given way to supply working. There was a reaction, but then price faked out to higher supply. Any thoughts/comments? Cheers!
hi Simo..
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-07-09_12-58-43.png Size: 244 KB
  • #1,138
  • Jul 9, 2014 5:20am Jul 9, 2014 5:20am
Quoting lupy
{quote} hi Simo.. {image}
Hi Lupy, thanks for the reply.

There was an engulf of 1hr resistance on the 30th June and then this little flag limit was visible on the 5 min at the level you draw your box. Certainly looks like it reacted off that.
So I think you are saying I should have had a long bias on the higher t/f?

Attached Image (click to enlarge)
Click to Enlarge Name: 6B question reaction.jpg Size: 108 KB
If it's too good to be true, it probably is.
  • #1,139
  • Jul 9, 2014 5:26am Jul 9, 2014 5:26am
Quoting SimonK
{quote} Hi Lupy, thanks for the reply. There was an engulf of 1hr resistance on the 30th June and then this little flag limit was visible on the 5 min. Certainly looks like it reacted off that. So I think you are saying I should have had a long bias on the higher t/f? {image}
I'm not a RTM expert as i'm still learning ....i try to see the market as decision points on value and eliminate bias from my thinking.....so in that case...a level holds until it's broken(i know it sounds a little funny ) but untilll that level we reacted to hasn't been engulfed...that is the first trouble area where we should decide weather to keep the trade, close the trade ....or if we get the signal we could enter another trade back up.
Also those two supply's are formed as a reaction to the other one...therefore staked supply->usually price likes too visit the most extreme one ....as the big players want to sell at higher prices.
  • #1,140
  • Jul 9, 2014 7:09am Jul 9, 2014 7:09am
Quoting charvo
Yogi Bro, I've spent a while to put my read & doubts on the attached chart, please comment. your three boxes look delicate, but i have doubts like 'why didn't he draw it that way but this way?', i put my guess of what these 3 boxes are in red fonts, hoping you can enlighten me. I felt lots of 'unsure' when drawing it, lol. I must have left out something, but it should be due to ignorance instead of laziness. {quote} {image}
Charvo, You need to look more to the left.
High or Low reaction to a FL , then you need to take the FL once that engulfed.

Attached Image (click to enlarge)
Click to Enlarge Name: usdcadm15.png Size: 27 KB


PM me if you have any doubts.
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