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ReadtheMarket - Supply and Demand with Price Action

  • #1,141
  • Jul 9, 2014 7:18am Jul 9, 2014 7:18am
Quoting Fxyogi
{quote} Bulleyes, Some thoughts for you. Its on charts. No need further explanation.. {image} {image} {image}
As i mentioned, It reacted to the pip here. Anyone traded from here?. Upper barrier 0.88186 not breached. Good news!.

Attached Image (click to enlarge)
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  • #1,142
  • Jul 9, 2014 7:21am Jul 9, 2014 7:21am
Quoting One day!
{quote} 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.
Thanks One day. Now it is working.
  • #1,143
  • Jul 9, 2014 7:22am Jul 9, 2014 7:22am
Quoting bulleyes
This is what we said a diamond can happen after an engulfing!? If so we can expect the price action as below. {image}
Bulleyes,

Don't forget diamonds are continuation patter too..
  • #1,144
  • Jul 9, 2014 7:32am Jul 9, 2014 7:32am
Quoting lupy
{quote} 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...
Yep, I tend to look at it the same, but not always correctly!

The stacked zones bring me back to my Sam Seiden days. But what intrigues me most is the stuff he left out that RTM covers.... the flag limits, engulfing, etc.
If it's too good to be true, it probably is.
  • #1,145
  • Jul 9, 2014 7:39am Jul 9, 2014 7:39am
Quoting SimonK
{quote} Yep, I tend to look at it the same, but not always correctly! The stacked zones bring me back to my Sam Seiden days. But what intrigues me most is the stuff he left out that RTM covers.... the flag limits, engulfing, etc.
yeap...it's the "level on top of level" from what i recall.From my point of view.. what he's "preeching " is still gambling with an edge....while RTM brings the game to a whole new league .
  • #1,146
  • Jul 9, 2014 7:48am Jul 9, 2014 7:48am
Quoting charvo
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...
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.

Boxes are FL. PAZ are between FLs.Once engulfed , going other FL. Correct. Than where you enter??. This is where you wait for retracement.When maximum pain a retail trader takes and suffering from drawdown. Anxioty, revenge and give ups. Then its the correct time for you to enter.If not all, keep this mind. You need to verify the retail traders pain before you enter. If you dont feel that. Pain is yours. This pain does not have definite pattern. It could be PB or BEOUB etc etc. But not necessarily should be in any form. When you enter, you enter from PAZ edge as IF said. In case if you want to enter early, quantify where the extreme retracement shall be and divide your positions into 5 fold or 3 fold and enter partially.
  • #1,147
  • Jul 9, 2014 8:14am Jul 9, 2014 8:14am
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}
I need to break it down this. I have seen many says about DBD, RBR.
There is no such thing in this market. Price breaks something then try to return and drops thats what happens.One TF you see DBD/RBR but LTF , its is a FTR.Then you may ask me so where are the orders?!!!. Man it is hidden inside the pole.......
  • #1,148
  • Jul 9, 2014 9:01am Jul 9, 2014 9:01am
love this quote, lol, i often didn't feel it when entering, and felt it later

Quoting Fxyogi
{quote} If you dont feel that. Pain is yours.
  • #1,149
  • Jul 9, 2014 9:18am Jul 9, 2014 9:18am
Quoting charvo
love this quote, lol, i often didn't feel it when entering, and felt it later {quote}
So true though. Someone has to lose in order to win.
If it's too good to be true, it probably is.
  • #1,150
  • Jul 9, 2014 11:11am Jul 9, 2014 11:11am
Quoting Fxyogi
{quote} 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. {image} PM me if you have any doubts.
Hi Fxyogi , Nice chart !!

May I ask you ?

your chart is colorful.

Could you show us mean of each color ?
  • #1,151
  • Jul 9, 2014 11:17am Jul 9, 2014 11:17am
Quoting SimonK
{quote} So true though. Someone has to lose in order to win.
It's actually a widespread misconception. At the moment the deal is executed, both sides are in a win-win situation or the deal would not have been possible.
However. since time passes, and future becomes past, we have those who were right and those who were wrong.
Oh, and both parties can still earn. I can buy from those fixing profits and sell higher to fix mine.
MQL5 Market products 10 times cheaper? Yes, we can help. Send us a PM
  • #1,152
  • Jul 9, 2014 2:23pm Jul 9, 2014 2:23pm
Quoting Das Ist Gut
{quote} It's actually a widespread misconception. At the moment the deal is executed, both sides are in a win-win situation or the deal would not have been possible. However. since time passes, and future becomes past, we have those who were right and those who were wrong. Oh, and both parties can still earn. I can buy from those fixing profits and sell higher to fix mine.
That may be so, but as I've seen IF mention many times... the ITs drive price to target retail traders stops and confuse them.
They need liquidity going the wrong way in order to enter their trades.

My best trades have always been the ones that looked initially like they wouldn't work. My worst trades have always looked easy at the start.
If it's too good to be true, it probably is.
  • #1,153
  • Jul 9, 2014 4:41pm Jul 9, 2014 4:41pm
Quoting Das Ist Gut
{quote} It's actually a widespread misconception. At the moment the deal is executed, both sides are in a win-win situation or the deal would not have been possible. However. since time passes, and future becomes past, we have those who were right and those who were wrong. Oh, and both parties can still earn. I can buy from those fixing profits and sell higher to fix mine.
ok you are right.....then who is losing the money we would like to make?
  • #1,154
  • Jul 9, 2014 4:48pm Jul 9, 2014 4:48pm
Quoting lupy
{quote} ok you are right.....then who is losing the money we would like to make?
I hate to say it, but unfortunately most of the retail traders on Forex Factory!

Saying that, I believe this thread and RTM are a very good place to rectify that.
If it's too good to be true, it probably is.
  • #1,155
  • Jul 10, 2014 2:00am Jul 10, 2014 2:00am
Quoting lupy
{quote} ok you are right.....then who is losing the money we would like to make?
Impossible to say, as i said, in any particular case it could alway be a different story. In the end, it's not about who makes money, but who is right and who is wrong. If i take profit, selling to you i make money, but im wrong on the further direction, if price goes higher. If you then, buying from me sell on top, you too make money, and you are right about the further direction. You could also be wrong, if price goes higher etc.

But essentialy, markets are not place where one takes money from another, they are more like betting on future.
MQL5 Market products 10 times cheaper? Yes, we can help. Send us a PM
  • #1,156
  • Jul 10, 2014 8:24am Jul 10, 2014 8:24am
Getting Ajax failed problem on RTM so posting here..

These are the decisions that I am looking at.
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-milkeyway
  • #1,157
  • Jul 10, 2014 10:51am Jul 10, 2014 10:51am
Latest decisions I am looking at...
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-milkeyway
  • #1,158
  • Jul 10, 2014 11:05am Jul 10, 2014 11:05am
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  • #1,159
  • Jul 10, 2014 11:16am Jul 10, 2014 11:16am
Quoting Fxyogi
{image} {image}
Do you mean red boxes that you are looking at as decisions.?
-milkeyway
  • #1,160
  • Jul 10, 2014 11:40am Jul 10, 2014 11:40am
Quoting kumaramy
{quote} Do you mean red boxes that you are looking at as decisions.?
Not sure what you mean by decisions. Those are FL( barrier boxes) for trade management. Because this trade has no confirmation.
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