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ReadtheMarket - Supply and Demand with Price Action

  • #1,281
  • Aug 15, 2014 6:08am Aug 15, 2014 6:08am
Quoting probisnis
Hi Gristar, that box is drawn from 1 bear candle in M1 because FL not clear.
Attached Image (click to enlarge)
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  • #1,282
  • Aug 15, 2014 7:24am Aug 15, 2014 7:24am
perfect Gristar
  • #1,283
  • Aug 15, 2014 10:27am Aug 15, 2014 10:27am
Quoting gristar
{quote} {image}
Hi grister,

How did you mark top red box ?
  • #1,284
  • Aug 15, 2014 10:58pm Aug 15, 2014 10:58pm
Quoting windorz
{quote} Hi grister, How did you mark top red box ?
I am not the first who marked the top red zone, FXyogi did. But i think the reason why he marked the top red zone because demand is there at the congested area (somehow looked compressed) before price move up swiftly
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  • #1,285
  • Aug 15, 2014 11:58pm Aug 15, 2014 11:58pm
And something here I would like to point out 2 different approach of marking zone.

The red line is the important area. Both charts show the engulf of the important area and how zone is marked.

For FTR chapter by LesPaul in RTM he will mark the blue zone.
Attached Image


However, FXyogi will marked the green zone as below.
Attached Image


Some recent example:
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2014-08-16 at 1.03.08 PM.png Size: 51 KB


Did I understand things wrongly?
Any opinion the pros and cons and how to use both type of different marking in different situation?
  • #1,286
  • Edited 6:55am Aug 16, 2014 6:43am | Edited 6:55am
Quoting gristar
{quote} I am not the first who marked the top red zone, FXyogi did. But i think the reason why he marked the top red zone because demand is there at the congested area (somehow looked compressed) before price move up swiftly {image}
Oh very detailed reply. its make sense, thank you grister.

IMO important thing to know is if CP zone was engulfed, then FL was made.

I think 1 bar FL can't be seen, so we can realize it after Swing High or Low was made.
  • #1,287
  • Aug 16, 2014 7:08am Aug 16, 2014 7:08am
Another thing I hope pro SD here could help:
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Thanks,
  • #1,288
  • Aug 16, 2014 11:47am Aug 16, 2014 11:47am
Quoting gristar
And something here I would like to point out 2 different approach of marking zone. The red line is the important area. Both charts show the engulf of the important area and how zone is marked. For FTR chapter by LesPaul in RTM he will mark the blue zone. {image} However, FXyogi will marked the green zone as below. {image} Some recent example: {image} Did I understand things wrongly? Any opinion the pros and cons and how to use both type of different marking in different situation?
Hi Gristar,

It cant be both isn't it. Only one has to be the correct answer. IF has talked about this right in this thread.It is an invisible hinge hiding inside the candle. Anything i do it correct all came from IF. If anything im doing wrong its from me. search this thread you will find it.
  • #1,289
  • Edited 1:01pm Aug 16, 2014 12:16pm | Edited 1:01pm
Quoting Fxyogi
{quote} Hi Gristar, It cant be both isn't it. Only one has to be the correct answer. IF has talked about this right in this thread.It is an invisible hinge hiding inside the candle. Anything i do it correct all came from IF. If anything im doing wrong its from me. search this thread you will find it.
yes fxyogi, it cannot be both. i have been following this thread for quite some time. i did read the post IF saying invisible hinge hiding inside the candle.
but i m still confused. i will post a chart later on to describe what confused me.
  • #1,290
  • Aug 16, 2014 12:58pm Aug 16, 2014 12:58pm
Quoting Fxyogi
{quote} Hi Gristar, It cant be both isn't it. Only one has to be the correct answer. IF has talked about this right in this thread.It is an invisible hinge hiding inside the candle. Anything i do it correct all came from IF. If anything im doing wrong its from me. search this thread you will find it.
What did i understand wrong? I m so confused.
It seems to me wherever price turn we could use it to describe with RTM method.

Attached Image (click to enlarge)
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  • #1,291
  • Aug 16, 2014 2:56pm Aug 16, 2014 2:56pm
Hi girstar. In this example we don't know where FL was in red candle therefore we don't know if green candle engulfed this FL, creating new FL.
So the best thing to do, is to not trade it, because it is gambling - guessing where FL is, unless you had engulf before price reaches this zone and your SL is above this whole area. Pretty often we can see exactly where FL was formed and then we can trade it.
  • #1,292
  • Aug 16, 2014 10:00pm Aug 16, 2014 10:00pm
Quoting Michal238
Hi girstar. In this example we don't know where FL was in red candle therefore we don't know if green candle engulfed this FL, creating new FL. So the best thing to do, is to not trade it, because it is gambling - guessing where FL is, unless you had engulf before price reaches this zone and your SL is above this whole area. Pretty often we can see exactly where FL was formed and then we can trade it.
Hi Michal, thanks for reply. Would you please show me an real example where you sure engulf happened and where FL is formed and I hope I could let you know what I m confusing on your chart. Thanks.
  • #1,293
  • Aug 17, 2014 1:06am Aug 17, 2014 1:06am
Hi Gristar,

this is perfect example for you.
this chart only to show how to draw FL, not every FL is able to trade.

Attached Image (click to enlarge)
Click to Enlarge Name: FL.png Size: 65 KB

Attached Image (click to enlarge)
Click to Enlarge Name: FL2.png Size: 46 KB


I hope this help.
  • #1,294
  • Aug 17, 2014 1:33am Aug 17, 2014 1:33am
Quoting probisnis
Hi Gristar, this is perfect example for you. this chart only to show how to draw FL, not every FL is able to trade. {image} {image} I hope this help.
Attached Image (click to enlarge)
Click to Enlarge Name: FL2.png Size: 164 KB

Thanks probisnis, I hope you get what i mean. It is difficult to explain because my language is not good.
  • #1,295
  • Aug 17, 2014 1:52am Aug 17, 2014 1:52am
Quoting gristar
{quote} {image} Thanks probisnis, I hope you get what i mean. It is difficult to explain because my language is not good.
In this case , I think you don't have to mark 1 bar FL.
FL A and FL B is obvious.
IMO when SR A and B was engulf by 1bar, 1 bar FL may be there .
  • #1,296
  • Aug 17, 2014 9:10am Aug 17, 2014 9:10am
Here is my example of clear FL and engulf marked by red tick. I marked first FTR on the way down in grey box, it would be TG1. But we can use another RTM concepts. I see this situation as flag and pole, and retrace from grey box is first retest of this big cap. I think that small FTR's inside pole have less significance
than big supply level which was just created.
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  • #1,297
  • Aug 17, 2014 2:00pm Aug 17, 2014 2:00pm
Hi Traders,

Been going through this thread and find it awesome. Would like some feedback as to some of the things I have learned is correct in my picture.

Thanks for any feedback guys

Regards,

H.
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"The future is already written in the past"
  • #1,298
  • Aug 17, 2014 9:25pm Aug 17, 2014 9:25pm
Quoting gristar
{quote} What did i understand wrong? I m so confused. It seems to me wherever price turn we could use it to describe with RTM method. {image} {image} {image}
Gristar,

I promised IF i will not spoil his work. So i cant explain bit by bit.But i will tell u what you are doing wrong.

You have marked many FTR but have you thought that FL has engulfed anything to the left. Its not the same leg.

Engulf or fakeout it will sure react to a demand/supply. But we are not talking about demand or supply here.

Think about what i said and you will get the meaning of it.

Take all IF posts and read many times he has said it indirectly sometimes directly.
  • #1,299
  • Aug 18, 2014 9:44am Aug 18, 2014 9:44am
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estote parati
  • #1,300
  • Aug 18, 2014 10:27am Aug 18, 2014 10:27am
Look like engulfed 1st cycle complete. But 2nd cycle started.If that is the case , i will be holding till further down.But MPL of the cycle not reached so will be using boxes to follow.

Gristar , one of the easy way to learn is to investigate the trades have been taken.

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