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ReadtheMarket - Supply and Demand with Price Action

  • #1,361
  • Sep 2, 2014 11:53am Sep 2, 2014 11:53am
Thanks for filling us in Kanzler

So far as I know, nobody did anything to your account.

BTW, I've taken up poker again myself. It's really easy and fun
  • #1,362
  • Sep 2, 2014 8:22pm Sep 2, 2014 8:22pm
Quoting Ifmyante
Thanks for filling us in Kanzler So far as I know, nobody did anything to your account. BTW, I've taken up poker again myself. It's really easy and fun
Ah maybe it's just an incorrect error message, I'll have to try resetting the account then. And yes it's a great little game, with similarities to trading with how you have to play the statistical variance. I tend to play Sit n' Go tourneys, had better results with my equity curve versus cash games although it's all piddly play money anyway. Thanks for the reply!
  • #1,363
  • Sep 3, 2014 5:25am Sep 3, 2014 5:25am
It's lovely to be the one in control of others' emotions as well as one's own.

Unlike trading, it's a totally level playing field


Anyway, FPA removed the post as soon as I replied to it. I won't go into the possible implications of that!
  • #1,364
  • Sep 11, 2014 7:06am Sep 11, 2014 7:06am
Hi everyone. I am a new one looking into trading using readthemarket methodologies. I am demo trading the methods now inorder to have a clear and better view and understand them correctly. I was wondering if someone could guide me if this is a good example of flag pole engulf. According to the engulf is it that EURAUD is coming back down.

CORRECTION : I am sorry but I meant about the engulf below the marked engulf. Right where the price starts to move up after engulfing.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD_H1.png Size: 31 KB


Thanks a lot. Cheers !!!
  • #1,365
  • Sep 11, 2014 9:20am Sep 11, 2014 9:20am
my confused reading, lol

but i'd emphasize that the tricky part is often how to read the confirmed PA prior to entry......

Quoting honeybadger
I am sorry but I meant about the engulf below the marked engulf. Right where the price starts to move up after engulfing. {image} Thanks a lot. Cheers !!!
Attached Image (click to enlarge)
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  • #1,366
  • Sep 11, 2014 10:05am Sep 11, 2014 10:05am
Quoting charvo
my confused reading, lol but i'd emphasize that the tricky part is often how to read the confirmed PA prior to entry...... {quote} {image}
Hi Charvo thanks for the reply. I agree that a rejection on top is from a good supply area. But I was just reading caps on price on the RTM and was wondering if thsi could be an example of caps on price. Anyways It's just my first day at it. So was wondering what people thought about it. Cheers !!!

Here's what I was thinking about the setup. That is if it get's rejected from the top.

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  • #1,367
  • Sep 12, 2014 11:17am Sep 12, 2014 11:17am
it is highly likely GA will react to the blue zone. as it is a high timeframe supply zone (turned from a ignored demand), in other words, a supply demand flip zone.

for entry, we need an engulf (to south) in low timeframe.
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  • #1,368
  • Edited 3:05pm Sep 12, 2014 11:29am | Edited 3:05pm
first you need to know that everyone has its own understanding on IF's teaching, so mine could be exactly wrong and opposite of the truth.

edit: i was apparently wrong, i'll explain later.

the charts should be self-explanatory

H1 TF:

M5 TF;

and M1 TF;

to answer what the peak is:
it is a FTB to the demand flip in the 1st chart, it should be a nice chance to long!

Quoting honeybadger
{quote} Hi Charvo thanks for the reply. I agree that a rejection on top is from a good supply area. But I was just reading caps on price on the RTM and was wondering if thsi could be an example of caps on price. Anyways It's just my first day at it.
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  • #1,369
  • Sep 13, 2014 1:47am Sep 13, 2014 1:47am
Quoting charvo
first you need to know that everyone has its own understanding on IF's teaching, so mine could be exactly wrong and opposite of the truth. edit: i was apparently wrong, i'll explain later. the charts should be self-explanatory H1 TF: M5 TF; and M1 TF; to answer what the peak is: it is a FTB to the demand flip in the 1st chart, it should be a nice chance to long! {quote} {image} {image} {image}
Charvo,
Your charts ignore some important context of the full GA story. This mislead you to act upon wrong market interpenetration.
First, you must define where price is coming from, Never let this question unanswered as it is the very basic of SD reading. In this case price came from proper demand, while the HTF trend is still upward. So the down move is still classified as RT. Now with this in mind, you can not look for shorting swing moves.

The Second thing is you short at none significant Supply levels. Learn how to distinguish the significance out of the false. I suggest you study how to confirm your entries with LTF before you jump in.

Do not force your way on the market. learn to let go fast if you find out you are wrong. The market careless about you like a typhoon storm. you must learn your measures with it.

+

G
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  • #1,370
  • Sep 15, 2014 2:58pm Sep 15, 2014 2:58pm
Thanks, Shoofra. I've got your points. You are right.

I still have a question, please take a look at my question in the chart below. The red level I mark is also seen on daily timeframe.

Quoting shoofra
{quote} Do not force your way on the market. learn to let go fast if you find out you are wrong. The market careless about you like a typhoon storm. you must learn your measures with it. + G {image}
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  • #1,371
  • Sep 15, 2014 11:45pm Sep 15, 2014 11:45pm
Quoting charvo
Thanks, Shoofra. I've got your points. You are right. I still have a question, please take a look at my question in the chart below. The red level I mark is also seen on daily timeframe. {quote} {image}
What makes it less significant level is the fact price is coming from significant demand.
you see, we always trying to estimate the strength relations of buyers and sellers. We know each party want the best price. So my logic tells me if Buyers take price from proper demand, mid range supply is less likely to hold against it.
  • #1,372
  • Sep 17, 2014 4:15am Sep 17, 2014 4:15am
I look at it as important SR but its against a Strong DP and the price is coming in very bullish pattern unless its cp to SR
  • #1,373
  • Sep 19, 2014 1:38pm Sep 19, 2014 1:38pm
simple trade
love CP-ed into a level
thank's IF

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Simplicity Is The Ultimate Sophistication ~LDV~
  • #1,374
  • Oct 9, 2014 6:25am Oct 9, 2014 6:25am
Subscribed!

im surprised at the lack of activity here with such great education.
  • #1,375
  • Oct 18, 2014 6:56pm Oct 18, 2014 6:56pm
Hello!

First of all...this thread is great; it's basically the blueprint of price movement...love it!!

Secondly...I have a question:

Are there good reasons not to buy at the marked demand levels?? From my point of view price had good momentum going up so when returning at the decision point I thought at least a small bounce should form.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYM1.png Size: 41 KB


Can anyone help?? Thank you
  • #1,376
  • Oct 19, 2014 12:44pm Oct 19, 2014 12:44pm
Quoting MisterC
Hello! First of all...this thread is great; it's basically the blueprint of price movement...love it!! Secondly...I have a question: Are there good reasons not to buy at the marked demand levels?? From my point of view price had good momentum going up so when returning at the decision point I thought at least a small bounce should form. {image} Can anyone help?? Thank you

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYM1.png Size: 33 KB





Hi Mister C,
sorry, I could not upload picture here, but IMHO this is where You should enter long. (see attached image)
h
  • #1,377
  • Oct 19, 2014 12:45pm Oct 19, 2014 12:45pm
Heh, looks like I can. But I think I am not allowed to show You a reason why You should open long here.
h
  • #1,378
  • Edited 3:46pm Oct 19, 2014 3:34pm | Edited 3:46pm
Quoting ryy
Heh, looks like I can. But I think I am not allowed to show You a reason why You should open long here.
I asked if anyone can give me reasons why I should not take a trade at the marked zones, not where would they think I should have gone long.

Either way, thank you for your reply! I agree, that was a good buy zone! I'm still trying to figure out how to pick good zones!
  • #1,379
  • Oct 19, 2014 3:53pm Oct 19, 2014 3:53pm
Quoting MisterC
Hello! First of all...this thread is great; it's basically the blueprint of price movement...love it!! Secondly...I have a question: Are there good reasons not to buy at the marked demand levels?? From my point of view price had good momentum going up so when returning at the decision point I thought at least a small bounce should form. {image} Can anyone help?? Thank you
You got a good reply in the other thread for this question, re: going with a higher time frame structure. Looking only at this TF, for one thing, buying at your marked demand levels means you are buying right into major selling strength. Look at all those red bars driving into your demand. Contrast that with the selling weakness then engulf of supply that led to demand holding for a long in ryy's chart.
  • #1,380
  • Oct 19, 2014 4:06pm Oct 19, 2014 4:06pm
Quoting jeffx
{quote} You got a good reply in the other thread for this question, re: going with a higher time frame structure. Looking only at this TF, for one thing, buying at your marked demand levels means you are buying right into major selling strength. Look at all those red bars driving into your demand. Contrast that with the selling weakness then engulf of supply that led to demand holding for a long in ryy's chart.
I get the big picture now: I'll focus on higher TF's and lower ones and I can see that the bears were in control where I wanted to buy; but in the picture posted by Ryy there was a compression.

Thank you very much for answering !
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