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ReadtheMarket - Supply and Demand with Price Action

  • #1,241
  • Aug 8, 2014 5:44am Aug 8, 2014 5:44am
Hi Yogi

That's a simple one:

UJ was a (cynical or accidental) break of the rules!

If this never happened, I'd be all-in on every trade
  • #1,242
  • Aug 8, 2014 6:11am Aug 8, 2014 6:11am
Quoting Fxyogi
{quote} IF, EU successfully done. Only UJ im thinking of.Please shed some light.
hi fxyogi

refering to your second chart, i interpret it differently, as shown and according to that it works-unless i am missing something
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  • #1,243
  • Aug 8, 2014 6:24am Aug 8, 2014 6:24am
Quoting Ifmyante
Hi Yogi That's a simple one: UJ was a (cynical or accidental) break of the rules! If this never happened, I'd be all-in on every trade
IF mate,

Thanks very much for answering. All of my reading was 100% correct till this time. I was like "How the hell this guy got this simple price action model .The message should have come from the sky ". Then suddenly this happened got me thinking.

I would have said , This is certainly a holy grail if this has not happened. But yet understanding there are accidental failure, can i say this is a holy grail with rare cases like this?.How often you have encountered the cases like this?

One personal question. Really how you got this idea?, I understand your hard work behind this. But there should have been some light thrown at you. You really have the heart to reveal this to others. If i were you, i don't know whether i would do this.

Thanks mate all your sharing.My graph comes to an end with this answer. All eureka moments have happened with more than 1000 hours of chart reading sometimes 20 hrs per day.Of course with your help.

Hope your trading goes well. Lets drain those banks
  • #1,244
  • Aug 8, 2014 6:32am Aug 8, 2014 6:32am
Quoting Fxyogi
{quote} IF mate, These two trades failed miserably today. Cant figure out my end what is the reason Especially UJ. can you enlighten us on this. {image} {image}
I'm in learning mode, so I'm not experienced, but I don't see this case in USDJPY as a failed setup. I was expecting the drop at that precise level.

In fact, you have written about these little fakeouts at swap levels, just beyond a flag.

http://www.forexfactory.com/showthread.php?p=7625993#post7625993
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  • #1,245
  • Aug 8, 2014 6:57am Aug 8, 2014 6:57am
Quoting Fxyogi
{quote} IF mate, Thanks very much for answering. All of my reading was 100% correct till this time. I was like "How the hell this guy got this simple price action model .The message should have come from the sky ". Then suddenly this happened got me thinking. I would have said , This is certainly a holy grail if this has not happened. But yet understanding there are accidental failure, can i say this is a holy grail with rare cases like this?.How often you have encountered the cases like this? One personal question. Really how you got this idea?,...

Hi Yogi

I got to learn all this stuff because I knew I would be able to!

My son, at 18 months, had been watching my daughter, who's five years older, doing back-flips on the rings on their swing set.
Nobody told him that he couldn't do it, so he toddled over, grabbed the rings, and did a back flip.

I've been talking to many people about how they think, and yes, it seems that my mind is much noisier than anybody I've met, but I'm still convinced that I learned this stuff simply because I knew I would

I'm delighted you got to learn so much too! Be careful though - once we make the lessons so easy to understand that everybody can be a perfect trader, the ITs will be forced to change their methods, which will mean I'll have to constantly keep up with the moving goalposts!
  • #1,246
  • Aug 8, 2014 7:05am Aug 8, 2014 7:05am
Quoting Gxp1
{quote} hi fxyogi refering to your second chart, i interpret it differently, as shown and according to that it works-unless i am missing something {image}
GXP1,

EU worked like a charm. Only i was not patient to wait. Drawings boxes are the important in this.If you draw wrongly you are reading it wrongly. Take a look at this chart and study it properly. You will get it for sure. You have got the concept wrongly as i see in your chart. Doesn't matter. Practice will get you there.

red tick is the signal

Attached Image (click to enlarge)
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  • #1,247
  • Aug 8, 2014 7:06am Aug 8, 2014 7:06am
Quoting Fxyogi
{quote} can i say this is a holy grail with rare cases like this?.How often you have encountered the cases like this?
I'd really rather avoid the term "Holy Grail". It reeks of systems trading.
All I've done is spot the algorithms the ITs use in their trading. No more, no less.

Every once in a while, however, somebody will throw in just too many orders, and price will go that bit too far. It's really not that rare in mid range areas like that, as the big ITs have their eyes on better prices.

If this weren't the case, and if I were as disciplined a trader as I ask my students to be, I'd be multiplying my account balance by 20 every time I took a trade!
  • #1,248
  • Aug 8, 2014 7:17am Aug 8, 2014 7:17am
Quoting Ifmyante
{quote} Hi Yogi I got to learn all this stuff because I knew I would be able to! My son, at 18 months, had been watching my daughter, who's five years older, doing back-flips on the rings on their swing set. Nobody told him that he couldn't do it, so he toddled over, grabbed the rings, and did a back flip. I've been talking to many people about how they think, and yes, it seems that my mind is much noisier than anybody I've met, but I'm still convinced that I learned this stuff simply because I knew I would I'm delighted you got to learn so much...

IF ,

I got that. Many traders are asking how we do this. Sometimes i keep silent. But inside me , something is telling that i have to show it to others. Other side of me saying it is not ethical and dangerous to explain it to others. That's why sometimes i put charts without explanation. If anybody wants to get it , they can get it. You have answered every questions. But certainly one need clarity in mind and hard work to get this. Anyway i will keep in my mind what you said and definitely will not spoil your work.



Thanks.
  • #1,249
  • Aug 8, 2014 7:59am Aug 8, 2014 7:59am
Quoting Fxyogi
{quote} GXP1, EU worked like a charm. Only i was not patient to wait. Drawings boxes are the important in this.If you draw wrongly you are reading it wrongly. Take a look at this chart and study it properly. You will get it for sure. You have got the concept wrongly as i see in your chart. Doesn't matter. Practice will get you there. red tick is the signal {image}
hi
can you explain how i got the concept wrong? the top flag is an extension of flag formed on 1h chart which was formed after an engulf of 4h supply, also the pa has behaved as expected.
  • #1,250
  • Aug 8, 2014 8:14am Aug 8, 2014 8:14am
I totally understand your desire to explain it. After all, I explained every facet of the market myself over in RTM

We learn by teaching, and we learn WELL!

You will get to a stage, however, where you know that you can explain everything that needs to be known in one simple paper, leaving absolutely no ambiguity whatsoever. Then you'll feel that impasse within you.
The old Taoist phrase will hit you: "He who speaks doesn't know, and he who knows doesn't speak"!
  • #1,251
  • Edited 9:38am Aug 8, 2014 9:11am | Edited 9:38am
Hey, Yogi bro, would you mind showing the entry/exit on the charts too? I'm interested to learn, especially failures.

here is my guess from hindersights, anyway, could you explain where my readings go wrong, if possible?


Quoting Fxyogi
{quote} IF mate, These two trades failed miserably today. Cant figure out my end what is the reason Especially UJ. can you enlighten us on this. {image} {image}
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  • #1,252
  • Edited 1:11pm Aug 8, 2014 12:10pm | Edited 1:11pm
Quoting Fxyogi
{quote} GXP1, EU worked like a charm. Only i was not patient to wait. Drawings boxes are the important in this.If you draw wrongly you are reading it wrongly. Take a look at this chart and study it properly. You will get it for sure. You have got the concept wrongly as i see in your chart. Doesn't matter. Practice will get you there. red tick is the signal {image}
Hi fxyogi,
Would like to ask if you could shed some light how you draw the big tall box from 1 aug to 5 aug? Thanks
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I see that it is because engulf happen in a single long bar.
if in smaller TF there is a FL or FTR but not shown in this TF will you draw it this way?
  • #1,253
  • Aug 8, 2014 2:13pm Aug 8, 2014 2:13pm
Quoting gristar
{quote} Hi fxyogi, Would like to ask if you could shed some light how you draw the big tall box from 1 aug to 5 aug? Thanks {image} I see that it is because engulf happen in a single long bar. if in smaller TF there is a FL or FTR but not shown in this TF will you draw it this way?
Gristar,
Yes to mark FL, you need to go LTF otherwise you will miss the whole point. For example look at the trade i took that day. But i didn't post here.check your charts why the entry was there.Its not visible in this TF.Several times i talked about TF illusion in my posts.

Attached Image (click to enlarge)
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  • #1,254
  • Aug 8, 2014 2:25pm Aug 8, 2014 2:25pm
Quoting Fxyogi
{quote} Gristar, Yes to mark FL, you need to go LTF otherwise you will miss the whole point. For example look at the trade i took that day. But i didn't post here.check your charts why the entry was there.Its not visible in this TF.Several times i talked about TF illusion in my posts. {image}
It looks like reacting to a WRB is it? . But it is not at all, if you know FTR you will not speak about WRB analysis and hidden gaps and all those bullshits.
Unfortunately, new terms and methods attracting holy grail finding traders.

IF knows what this hidden gaps and WRB all about but he doesn't want to speak against to it(He is a TAO). But i want to register this here only once (as i registered my view on basket trading). So the true seekers may find the truth if he is lucky enough.

Great trading to you.
  • #1,255
  • Aug 8, 2014 2:46pm Aug 8, 2014 2:46pm
Quoting Ifmyante
I totally understand your desire to explain it. After all, I explained every facet of the market myself over in RTM We learn by teaching, and we learn WELL! You will get to a stage, however, where you know that you can explain everything that needs to be known in one simple paper, leaving absolutely no ambiguity whatsoever. Then you'll feel that impasse within you. The old Taoist phrase will hit you: "He who speaks doesn't know, and he who knows doesn't speak"!
That was my all time favorite TAO quote. Market is my ZEN master now. He bangs my head very hard when im greedy.
  • #1,256
  • Aug 9, 2014 9:40am Aug 9, 2014 9:40am
Quoting Fxyogi
{quote} Gristar, Yes to mark FL, you need to go LTF otherwise you will miss the whole point. For example look at the trade i took that day. But i didn't post here.check your charts why the entry was there.Its not visible in this TF.Several times i talked about TF illusion in my posts. {image}
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  • #1,257
  • Aug 9, 2014 9:56am Aug 9, 2014 9:56am
Since it is weekend, let us find something to discuss.
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  • #1,258
  • Aug 9, 2014 11:39am Aug 9, 2014 11:39am
Quoting gristar
Since it is weekend, let us find something to discuss. {image}
Hi gristar.

Where was your target ?
  • #1,259
  • Aug 9, 2014 11:47am Aug 9, 2014 11:47am
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  • #1,260
  • Aug 9, 2014 11:51am Aug 9, 2014 11:51am
Quoting Fxyogi
{quote} Gristar, Yes to mark FL, you need to go LTF otherwise you will miss the whole point. For example look at the trade i took that day. But i didn't post here.check your charts why the entry was there.Its not visible in this TF.Several times i talked about TF illusion in my posts. {image}
Hi FxYogi: Can you please shed some light on TF illusion?

Thank you,
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