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ReadtheMarket - Supply and Demand with Price Action
- #1,382
- Oct 20, 2014 10:14pm Oct 20, 2014 10:14pm
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
Hello traders!
I have a question...
In the picture above, the move marked with the arrow is a result of previous Supply. In this situation, said move, also had unfilled Supply thus the reaction at the 2nd zone.
My question is: is there anyway to choose when a move that resulted from previous SD can have an impact in the market?? I looked at historical prices and sometimes it holds sometimes it doesn't; so I was wondering is there a way to filter them??
Thank you
I have a question...
In the picture above, the move marked with the arrow is a result of previous Supply. In this situation, said move, also had unfilled Supply thus the reaction at the 2nd zone.
My question is: is there anyway to choose when a move that resulted from previous SD can have an impact in the market?? I looked at historical prices and sometimes it holds sometimes it doesn't; so I was wondering is there a way to filter them??
Thank you
- #1,386
- Oct 22, 2014 6:21pm Oct 22, 2014 6:21pm
- Joined Dec 2006 | Status: Backtest is meaningless (to me) | 2,176 Posts
Hello traders! I have a question... {image} In the picture above, the move marked with the arrow is a result of previous Supply. In this situation, said move, also had unfilled Supply thus the reaction at the 2nd zone. My question is: is there anyway to choose when a move that resulted from previous SD can have an impact in the market?? I looked at historical prices and sometimes it holds sometimes it doesn't; so I was wondering is there a way to filter them?? Thank you
Can someone give me an opinion please? Which of these zones do you believe will have an impact in the market and why?
Thank you!
- #1,390
- Oct 23, 2014 9:26am Oct 23, 2014 9:26am
- Joined Dec 2006 | Status: Backtest is meaningless (to me) | 2,176 Posts
- #1,393
- Oct 25, 2014 10:04am Oct 25, 2014 10:04am
- | Membership Revoked | Joined Nov 2010 | 3,072 Posts
Great to see you back again. I hope all's going well for you
- #1,394
- Oct 25, 2014 10:33am Oct 25, 2014 10:33am
Great to see you back again. I hope all's going well for you
I'm doing really great by your support and love. I got the key from you and opened many doors(keep on opening .....
).Thanks very much. Hope you and your lovely kids doing well. Didn't see you posting much trades. Love to see those clean charts with zero drawdown entries
.
- #1,395
- Oct 25, 2014 10:47pm Oct 25, 2014 10:47pm
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
- #1,396
- Oct 26, 2014 3:01am Oct 26, 2014 3:01am
- | Membership Revoked | Joined Nov 2010 | 3,072 Posts
{quote} Dear IF, I'm doing really great by your support and love. I got the key from you and opened many doors(keep on opening .....
- #1,397
- Oct 26, 2014 3:56am Oct 26, 2014 3:56am
- | Membership Revoked | Joined Nov 2010 | 3,072 Posts
A few strokes of the key and it all disappears. How easy. Yet cowardly.
So here's the short version:
We opened a section in RTM for non RTM methods.
We decided this was a terrible idea, so deleted it.
Winston, we're sorry your thread got deleted; it was nothing personal.
Don't worry though, the James 16 thread is still there for everybody who wants to discuss Martin Pring's methods
If it's cowardly to keep RTM a sanctuary for truth, then colour me yellow
{quote} Damnit! I wrote a long reply to this, but my computer went bluescreen and I lost it! So here's the short version: We opened a section in RTM for non RTM methods. We decided this was a terrible idea, so deleted it. Winston, we're sorry your thread got deleted; it was nothing personal. Don't worry though, the James 16 thread is still there for everybody who wants to discuss Martin Pring's methods
Nicely said brother.Guys,we were all once upon a time J16 or pring's PA traders. But the truth is candle reading put us into the market after the move happened.This is why people often wonder why price turns opposite when they open the trade. To earn 1 to 2 RR need to suffer drawdown and wait for longer period.More the higher TF longer the period to wait.And you never know on what condition you are wrong(in IF method you can know when you are wrong and there are steps to get out without a loss) .
Instead any candle reading method , anyone can trade using tick charts and earn 1:2 in fraction of the minute easily. To do that, need to find out potential reversal zone and use zones to check bullish or bearish PA.
Guys leave candle reading and J16,and sam seiden for the god sake. This market has been designed very cleverly to mess your mind. This mess will make you mad and induce you to take revenge trading and lose all your confident and money. The pain it creates is very severe and you will feel one day " uhh... trading is not for me". It was not a coincidence IF has coined this word "Maximum pain level" It has deep meaning to it .But you need to know anything in this existence should have some order to sustain longer. That should be equally true for this market too.
Good luck
