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ReadtheMarket - Supply and Demand with Price Action

  • #1,301
  • Aug 18, 2014 10:38am Aug 18, 2014 10:38am
Quoting Fxyogi
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. {image}
Guessing you were looking at this on the 1 min:

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If it's too good to be true, it probably is.
  • #1,302
  • Aug 18, 2014 11:17am Aug 18, 2014 11:17am
Quoting Fxyogi
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. {image}
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  • #1,303
  • Aug 18, 2014 1:11pm Aug 18, 2014 1:11pm
Quoting Fxyogi
{quote} {image}
Hi Fxyogi,

Am I looking at this the correct way on another pair and timeframe ?

Thanks for any input.

Regards,

Hansma
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"The future is already written in the past"
  • #1,304
  • Aug 18, 2014 1:27pm Aug 18, 2014 1:27pm
Quoting Fxyogi
{quote} {image}
Attached Image (click to enlarge)
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Want to sleep now but unfortunately trade opened .
  • #1,305
  • Aug 18, 2014 9:35pm Aug 18, 2014 9:35pm
Quoting hansma
{quote} Hi Fxyogi, Am I looking at this the correct way on another pair and timeframe ? Thanks for any input. Regards, Hansma {image}
Hi Hansma,

You got wrong everything .Man how to explain this . How long you are studying this method?. There are some great lessons in RTM have you gone through it?.
It seems you didn't. No offense but everything need to be learned from basic. Flag is consolidation FL is what we are interested. FLAG and FL both terms used by member's interchangeably. Its bit confusion. FTR and FL according to me i will use it differently even RTM traders use it for interchangeably. Depends on how you define it.Read all IF materials and read it carefully. You will make many mistakes but slowly things will be clear.

Traders often get confused about FO and Engulf and how to differentiate.Believe me there is only a minor difference. But in the beginning you better focus on FL only and all different dimensions of it.There are lot to learn.
Cheers
  • #1,306
  • Aug 18, 2014 9:59pm Aug 18, 2014 9:59pm
Quoting SimonK
{quote} Guessing you were looking at this on the 1 min: {image}
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  • #1,307
  • Aug 19, 2014 1:31am Aug 19, 2014 1:31am
HI FXYogi,

Am I right?

Attached Image (click to enlarge)
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Thanks...
  • #1,308
  • Aug 19, 2014 12:52pm Aug 19, 2014 12:52pm
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  • #1,309
  • Aug 19, 2014 1:13pm Aug 19, 2014 1:13pm
i guess it is an engulf, but not of an important FL. on left, it is a long compression from 136.8 to 137.1, approx.

Quoting gristar
{image}
  • #1,310
  • Aug 19, 2014 2:20pm Aug 19, 2014 2:20pm
Quoting charvo
i guess it is an engulf, but not of an important FL. on left, it is a long compression from 136.8 to 137.1, approx. {quote}
This is my view.

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  • #1,311
  • Aug 19, 2014 4:20pm Aug 19, 2014 4:20pm
Quoting gristar
{image}
IMHO, this is getting needlessly confusing.

Surely it is a fakeout because price didn't continue and gave no opportunity for shorts to exit.

An engulf to me, would mean a break of a level and some follow-through.
If it's too good to be true, it probably is.
  • #1,312
  • Aug 20, 2014 11:25am Aug 20, 2014 11:25am
ｉ＇ｍ　ｓｕｒｅ　ｔｈｉｓ　ｉｓ　ｗｒｏｎｇ，　ｉｆ　ｙｏｕ　ｒｅａｄ　ｅｖｅｎ　ＩＦ＇ｓ　ｐｏｓｔｓ　ｉｎ　１ｓｔ　ｆｅｗ　ｐａｇｅｓ　ｏｆ　ｔｈｉｓ　ｔｈｒｅａｄ．

ｉ　ｍｅａｎ，　ｎｏ　ｆｏｌｌｏｗ－thru is needed.
Quoting SimonK
{quote}An engulf to me, would mean a break of a level and some follow-through.
  • #1,313
  • Aug 20, 2014 11:42am Aug 20, 2014 11:42am
Quoting charvo
ｉ＇ｍ　ｓｕｒｅ　ｔｈｉｓ　ｉｓ　ｗｒｏｎｇ，　ｉｆ　ｙｏｕ　ｒｅａｄ　ｅｖｅｎ　ＩＦ＇ｓ　ｐｏｓｔｓ　ｉｎ　１ｓｔ　ｆｅｗ　ｐａｇｅｓ　ｏｆ　ｔｈｉｓ　ｔｈｒｅａｄ．...
Got a link to where it actually states that?
If it's too good to be true, it probably is.
  • #1,314
  • Edited 12:08pm Aug 20, 2014 11:56am | Edited 12:08pm
Quoting SimonK
{quote} Got a link to where it actually states that?
http://www.forexfactory.com/showthread.php?p=6585047#post6585047

Post 5 of this thread plus the next 4 posts

and

http://readthemarket.com/index.php/forum/journals/1523-if?start=75#13527 plus the next 5 posts
  • #1,315
  • Edited 3:15pm Aug 20, 2014 2:10pm | Edited 3:15pm
Quoting jsr
{quote} http://www.forexfactory.com/showthread.php?p=6585047#post6585047 Post 5 of this thread plus the next 4 posts and http://readthemarket.com/index.php/forum/journals/1523-if?start=75#13527 plus the next 5 posts
Many thanks, JSR. I get it now.
If it's too good to be true, it probably is.
  • #1,316
  • Aug 21, 2014 6:09am Aug 21, 2014 6:09am
Hi all,

How will you mark next box after the engulf of blue box FXyogi please guide us.
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  • #1,317
  • Aug 21, 2014 11:39pm Aug 21, 2014 11:39pm
Quoting gristar
Hi all, How will you mark next box after the engulf of blue box FXyogi please guide us. {image}
Gristar,

Yes thats how i will mark.
  • #1,318
  • Aug 22, 2014 1:47am Aug 22, 2014 1:47am
Quoting Fxyogi
{quote} Gristar, Yes thats how i will mark.
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  • #1,319
  • Aug 22, 2014 2:46am Aug 22, 2014 2:46am
Quoting gristar
{quote} {image}
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  • #1,320
  • Edited 7:32am Aug 22, 2014 5:16am | Edited 7:32am
I got this from the first page of this thread. Some question here. Please help FXyogi and IF.
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Does what IF means, after the engulf of first FTR then it will go to the origin of the move, and FTR & FL in between will just create some retracement but eventually price will go to origin.
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