DislikedGetting Ajax failed problem on RTM so posting here.. These are the decisions that I am looking at. {image}Ignored
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-milkeyway
1
ReadtheMarket - Supply and Demand with Price Action
- #1,161
- Jul 11, 2014 8:39am Jul 11, 2014 8:39am
- Joined May 2011 | Status: Trader | 1,374 Posts
-milkeyway
- #1,163
- Jul 11, 2014 11:20am Jul 11, 2014 11:20am
- Joined May 2011 | Status: Trader | 1,374 Posts
{image}
-milkeyway
- #1,165
- Jul 11, 2014 4:25pm Jul 11, 2014 4:25pm
- Joined Sep 2010 | Status: Trader | 1,122 Posts
Compression form PAZ and price is in compression almost 80% of the time. If once price enters a compression PAZ, and it must go to other side of that PAZ after a retrace sooner rather than later, It is sometime scary simple, makes me wonder if I am missing something???? 
Trading from one edge of PAZ and target the other... I have been seeing these setups everywhere...
Below is one of the few charts I have prepared for next week. Any input to point out if I am missing something or anything else is highly welcome.
Also, I wonder where all the seniors have gone to ? No one is here or at RTM. This is what I was scared of when I heard the commencement of Academy. Plz come back...
Trading from one edge of PAZ and target the other... I have been seeing these setups everywhere...
Below is one of the few charts I have prepared for next week. Any input to point out if I am missing something or anything else is highly welcome.
Also, I wonder where all the seniors have gone to ? No one is here or at RTM. This is what I was scared of when I heard the commencement of Academy. Plz come back...
Human
- #1,166
- Jul 11, 2014 5:53pm Jul 11, 2014 5:53pm
Compression form PAZ and price is in compression almost 80% of the time. If once price enters a compression PAZ, and it must go to other side of that PAZ after a retrace sooner rather than later, It is sometime scary simple, makes me wonder if I am missing something????
im no senior but it doesn't look like a convincing cp paz to me, ill pull up a chart real quick show what I like to see as cp
- #1,167
- Jul 11, 2014 6:07pm Jul 11, 2014 6:07pm
here chanya this is how I see cp making lower lows returning to take supply or making higher highs returning to take demand nice deep retraces are more attractive to me there are some that are questionable but practice and take note of the ones that work and ones that don't I am still studying qm but have fell in love with the flag ftr and am having a blast studying these. so I have no knowledge to share on your qm sorry.
- #1,168
- Jul 11, 2014 11:15pm Jul 11, 2014 11:15pm
- Joined Dec 2006 | Status: Backtest is meaningless (to me) | 2,176 Posts
Hi, Mertch, hope you doing well, sir! My question is about how do we tell if an engulf fails? or how to differentiate an engulf from a fakeout? the attached chart (USDCAD, 2004, Apr) shows an engulf of a FTR, implying bearish move in future, but on the opposite, the price turned and went up all the way and ...... gone. The engulf might be taken as a FO, although the move is not fast. If i insist on shorting, i'd suffered from 2~3 losses....... What's your insights in this case? Thanks in advance! {image}
they dont work all the time thats why you have to put stoploss
- #1,170
- Jul 12, 2014 12:21am Jul 12, 2014 12:21am
- Joined Dec 2006 | Status: Backtest is meaningless (to me) | 2,176 Posts
yes, that's my guess too,
my underlying doubt is actually there's no difference between FO and Engulf.
my underlying doubt is actually there's no difference between FO and Engulf.
{quote} they dont work all the time thats why you have to put stoploss
- #1,171
- Jul 12, 2014 3:50am Jul 12, 2014 3:50am
- Joined Sep 2010 | Status: Trader | 1,122 Posts
here chanya this is how I see cp making lower lows returning to take supply or making higher highs returning to take demand nice deep retraces are more attractive to me there are some that are questionable but practice and take note of the ones that work and ones that don't I am still studying qm but have fell in love with the flag ftr and am having a blast studying these. so I have no knowledge to share on your qm sorry. {image}
Human
- #1,174
- Jul 12, 2014 10:24am Jul 12, 2014 10:24am
- Joined Dec 2006 | Status: Backtest is meaningless (to me) | 2,176 Posts
- #1,176
- Jul 13, 2014 11:33am Jul 13, 2014 11:33am
heres my thoughts again just my view FTR 1 created after eng of a higher time frame base or consolidation. It gets eng FTR 2 created price moves up but not before returning to FTR 2 which is shown as the number 3 then goes to a decision in past that price was to expensive it then falls quickly and creates FTR 4 where price trys to get back in but cant. it then eng FTR 2 removing the barrier and wanting to go lower but there are still orders left at 4. so it comes back in eng FTR 5 and creates 6 then 6 gets eng drops to create a flip r/s. price reaches 4 for the second time back and the orders left there become clearly visible. my belief possibly wrong is that if it was cp my purple line maybe not drawn perfect is your cpaz once eng in to cpaz price would of hit FTR 5 and fell straight through again just my thoughts. I appreciate your kindness and thoughts this is how we all learn. there is much more to this chart than is drawn in or explained just trying to keep it simple and uncluttered as possible also higher time frames and lower must be taken into account for bigger picture and exact levels.
- #1,177
- Jul 14, 2014 7:27am Jul 14, 2014 7:27am
- Joined May 2011 | Status: Trader | 1,374 Posts
-milkeyway
- #1,179
- Jul 14, 2014 10:59am Jul 14, 2014 10:59am
- Joined May 2011 | Status: Trader | 1,374 Posts
-milkeyway
- #1,180
- Jul 14, 2014 11:31am Jul 14, 2014 11:31am
- Joined May 2011 | Status: Trader | 1,374 Posts
-milkeyway