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ReadtheMarket - Supply and Demand with Price Action

  • #1,181
  • Jul 15, 2014 7:52am Jul 15, 2014 7:52am
Quoting kumaramy
{quote} I entered trade where decision are swapped at the same level sharply. I don't know it will success or not but yes i know that price will react there so that i can move my SL at BE.
Thank you. I see you can pin point the turning quite accurately and low draw down.. I hope I can do that someday too learning your way.
  • #1,182
  • Jul 15, 2014 8:05am Jul 15, 2014 8:05am
Quoting gristar
{quote} Thank you. I see you can pin point the turning quite accurately and low draw down.. I hope I can do that someday too learning your way.
identifying those decision points and entry levels are easy...holding trade and managing is difficult. (for me)
-milkeyway
  • #1,183
  • Jul 15, 2014 8:24am Jul 15, 2014 8:24am
Quoting kumaramy
{quote} identifying those decision points and entry levels are easy...holding trade and managing is difficult. (for me)
Gratz on EU trade, it went your way after all

Do you enter with PO or you wait for confirmation? If yes, what kind of confirmation?
MQL5 Market products 10 times cheaper? Yes, we can help. Send us a PM
  • #1,184
  • Jul 15, 2014 9:30am Jul 15, 2014 9:30am
Quoting Das Ist Gut
{quote} Gratz on EU trade, it went your way after all Do you enter with PO or you wait for confirmation? If yes, what kind of confirmation?
Sometimes PO sometimes MO. Swapping of strong decisions at the same level is confirmation.
-milkeyway
  • #1,185
  • Jul 15, 2014 9:39am Jul 15, 2014 9:39am
Quoting kumaramy
{quote} Sometimes PO sometimes MO. Swapping of strong decisions at the same level is confirmation.
I guess that at this point you've seen several failed setups and several successful setups, and you've had some AHA moments.

Can you explain what makes the difference and/or draw an example of valid setup and an example of invalid setup at this swapping levels?
  • #1,186
  • Jul 15, 2014 10:20am Jul 15, 2014 10:20am
Quoting jsr
{quote} I guess that at this point you've seen several failed setups and several successful setups, and you've had some AHA moments. Can you explain what makes the difference and/or draw an example of valid setup and an example of invalid setup at this swapping levels?
draw a horizontal line to the swing high or low and see what you see at left. At left you will see something that happens at every high or low of the swing. That thing makes market turn and creates swing high or low. And the thing is strong pole up against the strong pole down of which base of the both pole at the same level.

http://readthemarket.com/index.php/forum/journals/1564-benhur-journal?start=100#32910
-milkeyway
  • #1,187
  • Jul 15, 2014 11:18am Jul 15, 2014 11:18am
Quoting kumaramy
{quote} draw a horizontal line to the swing high or low and see what you see at left. At left you will see something that happens at every high or low of the swing. That thing makes market turn and creates swing high or low. And the thing is strong pole up against the strong pole down of which base of the both pole at the same level. http://readthemarket.com/index.php/forum/journals/1564-benhur-journal?start=100#32910
Thanks kumaramy, it's a clear explanation.

Is this your preferred setup?
  • #1,188
  • Jul 15, 2014 11:25am Jul 15, 2014 11:25am
Quoting jsr
{quote} Thanks kumaramy, it's a clear explanation. Is this your preferred setup?
Since yesterday, Yes. Suddenly things changed when i started using this setup. Now i will try to migrate this with RTM concepts like CP, QM, SD guidelines as per RTM, etc.
-milkeyway
  • #1,189
  • Jul 16, 2014 7:36am Jul 16, 2014 7:36am
http://www.forexfactory.com/showthread.php?p=7600470#post7600470

Update on the setup I posted earlier. Targets hit to the pip, Both trades closed. Regards

Attached Image (click to enlarge)
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Human
  • #1,190
  • Jul 16, 2014 10:17am Jul 16, 2014 10:17am
Quoting Chanya
http://www.forexfactory.com/showthread.php?p=7600470#post7600470 Update on the setup I posted earlier. Targets hit to the pip, Both trades closed. Regards {image}
Great trades!! Congratulation Chanya!
  • #1,191
  • Jul 17, 2014 11:24pm Jul 17, 2014 11:24pm
Quoting josh1125
Fxyogi In a post further back, you made these boxes. I kind of understand where the top two because came from, but the box I marked could you explain what made you draw it there? Thank you {image}
Hi Josh,

Sorry for late reply. Been busy. Can you look at my previous post 1140 . I think i have marked everything there.
  • #1,192
  • Jul 18, 2014 8:11am Jul 18, 2014 8:11am
This seems to be a failed case. Either the S/R flip level or the FTB to FTR/FL couldn't turn the price down. Even though there is some reaction at this level. But if we short at any of these places we are most likely burned out. What am I reading wrong here?

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  • #1,193
  • Jul 18, 2014 9:23am Jul 18, 2014 9:23am
Quoting bulleyes
This seems to be a failed case. Either the S/R flip level or the FTB to FTR/FL couldn't turn the price down. Even though there is some reaction at this level. But if we short at any of these places we are most likely burned out. What am I reading wrong here? {image}
Price just wants some higher supply. There is ton of setups and some will work, while some will fail. Look at IF's account statement he posted a few pages back. You will see, that his win ratio is close to 50%. This means somebody as experienced and trained as him can't get it right 100% of times
MQL5 Market products 10 times cheaper? Yes, we can help. Send us a PM
  • #1,194
  • Jul 18, 2014 5:16pm Jul 18, 2014 5:16pm
Quoting kumaramy
Running good. Hope this goes well.. {image}
Kuma ,

You are doing great work. Keep it up bro
  • #1,195
  • Jul 18, 2014 5:24pm Jul 18, 2014 5:24pm
Quoting bulleyes
This seems to be a failed case. Either the S/R flip level or the FTB to FTR/FL couldn't turn the price down. Even though there is some reaction at this level. But if we short at any of these places we are most likely burned out. What am I reading wrong here? {image}
Bulleyes,

I dont have this pair. But you got the concept wrongly. IF is screaming to look left.But nobody bothers. Moreover if you are taking unconfirmed trades, make sure you are entering extremes.



LOOK LEFT TO TRADE IT " RIGHT "
  • #1,196
  • Jul 19, 2014 12:38am Jul 19, 2014 12:38am
How about this ?? UsdCad on H4 suggests more shorts to come... Any takers ??
Attached Image (click to enlarge)
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Risk / Trade Management is the name of the Game
  • #1,197
  • Jul 19, 2014 11:12pm Jul 19, 2014 11:12pm
Looks similar on GbpJpy....
Experts in this thread can help by posting their review on the same which will help me to understand things better & rectify if anything is wrong in this.
Thanks in advance.
Attached Image (click to enlarge)
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Risk / Trade Management is the name of the Game
  • #1,198
  • Edited 10:22pm Jul 20, 2014 8:16pm | Edited 10:22pm
Há quase 2 anos atrás, eu comecei mercado Forex estudo utilizando indicadores de resultado, como um stoch, MACD e etc .. etc etc .. e eu fiz explodir minha conta.
Eu fiz estudar todos os padrões de vela como uma estrela cadente, martelo, doji, apenas operar velas sem quaisquer indicadores.
Mas eu tinha mesmo resultado e quase fez explodir a minha conta real novamente ... e depois que eu comecei o apoio ao estudo e de resistência, e eu sinto as coisas, começando logo dar sentido a mim, mas, ainda ainda estava faltando para completar o meu entendimento sobre o mercado .. . eo ano passado, eu sabia readthemarket.com mas eu não prestei atenção merecida.
Hoje eu estou acordado sem dormir por 30 horas apenas lendo esta discussão, as análise contida aqui, soa como uma mágica para mim, como um último pedaço do meu quebra-cabeça, como uma chave de porta-malas com ouro dentro, é muito awkward ao mesmo tempo engraçado.
Eu peço para você Ifmiante .... minhas desculpas para não mereciam atenção para o seu site.
Você é o mestre ..............

PS: Desculpem o meu mau Inglês, a minha primeira língua é o Português do Brasil.

Saudações ...
  • #1,199
  • Jul 21, 2014 5:33pm Jul 21, 2014 5:33pm
Hazor

I'm glad you came into the light at last!

Certainly don't give up on support and resistance. In the right places, the Flags created at their breaks can be phenomenal rejectors of price.
There are a few tricks to learn, but you'll find them all in the RTM site.
Most of all though, remember that the IT wants to be the only one trading in the right direction, meaning that he wants to pressurise the retailers into handing over their stops. Be ready for this. Think like the IT does, and learn the rules he works by, and you'll be on the right side of the market at last!

Hey, I got my text editor back! Now I can
  • #1,200
  • Jul 21, 2014 6:28pm Jul 21, 2014 6:28pm
Hi Ifmyante,

Ive been reading your thread with great interest and have a basic question....

Regards

Jamie
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