EJ trade, hit my Be. 
ReadtheMarket - Supply and Demand with Price Action
Gristar, as a observer and student of RTM who being practise on RTM and did some homework. I only see your trade fail because those are not FTB trade. In RTM, we only take FTB when price return to FL or FTR. So those trades have been tested more than once. Please correct if I'm wrong. 
JAN 2014 {image}
- #1,348
- Aug 28, 2014 7:14am Aug 28, 2014 7:14am
- Joined Dec 2006 | Status: Backtest is meaningless (to me) | 2,176 Posts
- #1,351
- Aug 28, 2014 1:48pm Aug 28, 2014 1:48pm
- | Membership Revoked | Joined Nov 2010 | 3,072 Posts
I must say, I probably would've ended up in DD over that trade!
I wouldn't have considered where price turned back to be of any great importance.
It's failed setups like this that keep me only trading a small % of my account on each trade.
Thanks for finding and sharing it
I wouldn't have considered where price turned back to be of any great importance.
It's failed setups like this that keep me only trading a small % of my account on each trade.
Thanks for finding and sharing it
- #1,352
- Aug 28, 2014 2:05pm Aug 28, 2014 2:05pm
gristar Take this with a grain of salt. Read this post and the next one: http://www.forexfactory.com/showthread.php?p=7625993#post7625993 then see if this picture makes sense to you: {image}
If it's too good to be true, it probably is.
I must say, I probably would've ended up in DD over that trade! I wouldn't have considered where price turned back to be of any great importance. It's failed setups like this that keep me only trading a small % of my account on each trade. Thanks for finding and sharing it
Now it seems that I must consider these ones as anomalies.
Thanks for clarifying that. I need to read the entire thread. I must have missed something.
- #1,355
- Aug 28, 2014 11:49pm Aug 28, 2014 11:49pm
gristar Take this with a grain of salt. Read this post and the next one: http://www.forexfactory.com/showthread.php?p=7625993#post7625993 then see if this picture makes sense to you: {image}
this is what I think, just my opinion I might be wrong. See the chart.
Conclusion, we must only find the FL/FTR created from the engulf of important line (area) and not each line. I think the more visible the line is in higher TF the more important it is.
gristar, I gave it a second thought trying to figure it out according to my current understanding of what is taught at RTM.
What do you think about this?:
Before the engulf you showed us, there was another engulf north.
When price retraced and broke the flag limit, we knew it was going to revisit the base of the pole. Once there, it made 4 touches to the demand zone including the DP to engulf the box you mentioned. Price came back and demand was violated. Where did price go? Into a CPPAZ. This could be the hint to let us know that price was going south before hitting it's target. So next, price went up only to consume supply just above, at the DP to engulf demand, then down through the CPPAZ to the best price available to go long, and finally went up to hit it's target, signaled by the first engulf.
(There are missing boxes. I erased some of them for some clarity. The grey area is the data range in your m30 chart.)
Comments are welcome.
What do you think about this?:
Before the engulf you showed us, there was another engulf north.
When price retraced and broke the flag limit, we knew it was going to revisit the base of the pole. Once there, it made 4 touches to the demand zone including the DP to engulf the box you mentioned. Price came back and demand was violated. Where did price go? Into a CPPAZ. This could be the hint to let us know that price was going south before hitting it's target. So next, price went up only to consume supply just above, at the DP to engulf demand, then down through the CPPAZ to the best price available to go long, and finally went up to hit it's target, signaled by the first engulf.
(There are missing boxes. I erased some of them for some clarity. The grey area is the data range in your m30 chart.)
Comments are welcome.
- #1,358
- Sep 1, 2014 10:37pm Sep 1, 2014 10:37pm
- Joined Nov 2012 | Status: Account Deactivated | 2,737 Posts
Hi IF and others,
I'm here to post a clarification. Someone recently alerted me via IRC to the enclosed image, in which it is apparent someone has impersonated me. While it is true that I am no longer actively involved in trading as I have other things I am working on (namely I've found poker to be something I enjoy), it disgusts me to find that someone has been posing as myself, either with the intent of causing problems for me or because they are too afraid to cry about something under their own name. In the attempt to post on your forums about this issue, I was also made aware that my account on your forum is somehow blocked, although I find that my posts still exist. If this is in relation to the aforementioned issues, please understand that if I had gripes, I would have brought them to the forum as I have in the past (which I later apologized for) instead of sneaking around in order to back bite. That is not how I operate, and unfortunately I have no control over how others identify, or in this case, misidentify themselves, on other websites. Thanks for the consideration,
Kanzler
I'm here to post a clarification. Someone recently alerted me via IRC to the enclosed image, in which it is apparent someone has impersonated me. While it is true that I am no longer actively involved in trading as I have other things I am working on (namely I've found poker to be something I enjoy), it disgusts me to find that someone has been posing as myself, either with the intent of causing problems for me or because they are too afraid to cry about something under their own name. In the attempt to post on your forums about this issue, I was also made aware that my account on your forum is somehow blocked, although I find that my posts still exist. If this is in relation to the aforementioned issues, please understand that if I had gripes, I would have brought them to the forum as I have in the past (which I later apologized for) instead of sneaking around in order to back bite. That is not how I operate, and unfortunately I have no control over how others identify, or in this case, misidentify themselves, on other websites. Thanks for the consideration,
Kanzler
- #1,359
- Sep 1, 2014 11:09pm Sep 1, 2014 11:09pm
Hi IF and others, I'm here to post a clarification. Someone recently alerted me via IRC to the enclosed image, in which it is apparent someone has impersonated me. While it is true that I am no longer actively involved in trading as I have other things I am working on (namely I've found poker to be something I enjoy), it disgusts me to find that someone has been posing as myself, either with the intent of causing problems for me or because they are too afraid to cry about something under their own name. In the attempt to post on your forums about...
- #1,360
- Sep 1, 2014 11:15pm Sep 1, 2014 11:15pm
- Joined Nov 2012 | Status: Account Deactivated | 2,737 Posts
{quote} Hey Man, don't worry about it. Anyone who ever did it actually cause more good then worse, as the page of RTM in forex peace army filled up with excellent testimonials !!!
