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ReadtheMarket - Supply and Demand with Price Action

  • #1,401
  • Oct 26, 2014 3:31pm Oct 26, 2014 3:31pm
Quoting Fxyogi
Fine tuning top most box found this "Fake jump" very powerful zones to turn the price. Keep it and use it to fine tune zones. {image}
Just for a fun .

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH1.png Size: 45 KB


Can you see BO or J16 traders and SD traders need to win 16 times consistently to catch IF style trader's 1 winning. How long do you thing for a HTF traders( They say candlestick PA works very well on HTF ) to win 16 trades consistently. Do you think it is worth to put that much effort and time and emotional efforts like heart beats, sweating, fear to earn very small?.

If these questions slap you on the face,and if it does not let u sleep, you are one of IF student. Otherwise, RTM is merely another system. This is my humble opinion only.
  • #1,402
  • Oct 26, 2014 3:53pm Oct 26, 2014 3:53pm
Yogi, some questions if i may...

1: You drew the dotted horizontal lines from the 'Fake jump'. I understand where the bottom line came from but why did you place the top horizontal line there? Im mean, exactly that point ?

2: You say you would of sold (on a touch trade i assume) in between the horizontal lines but what PA have you based this on? I see a RBD in that area but that would of be known too late. I have been through the markepedia section and don't acknowledge any PA that has confirmed that trade? Or it wouldn't be a touch trade and you would 'look' for a trade in that zone based on PA on a LTF?

Thanks
Luck is where preparation meets opportunity.......
  • #1,403
  • Oct 26, 2014 4:43pm Oct 26, 2014 4:43pm
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-10-26_21-38-36.png Size: 53 KB


Have a look at post 1 of Price is Everything: "They are essential enguilfing whipsaw patterns at key levels and and work well in my trading plan"
Such a simple statement changed many many lives forever!

There should be a Redsword11 Day on the calendar
  • #1,404
  • Edited 6:22pm Oct 26, 2014 4:46pm | Edited 6:22pm
SO sorry Yogi.
I didn't realise you were referring to the same chart as earlier

Just goes to show though that we have the same simple view of the market!
  • #1,405
  • Oct 26, 2014 6:42pm Oct 26, 2014 6:42pm
Quoting Ifmyante
{image} Have a look at post 1 of Price is Everything: "They are essential enguilfing whipsaw patterns at key levels and and work well in my trading plan" Such a simple statement changed many many lives forever! There should be a Redsword11 Day on the calendar
Thanks, makes sense.
Luck is where preparation meets opportunity.......
  • #1,406
  • Oct 26, 2014 9:35pm Oct 26, 2014 9:35pm
Welcome back Fxyogi, I learn a lot from you and IF. Keep posting your chart.

Thanks.
  • #1,407
  • Oct 27, 2014 12:41am Oct 27, 2014 12:41am
Quoting Ozzie Taz
Yogi, some questions if i may... 1: You drew the dotted horizontal lines from the 'Fake jump'. I understand where the bottom line came from but why did you place the top horizontal line there? Im mean, exactly that point ? 2: You say you would of sold (on a touch trade i assume) in between the horizontal lines but what PA have you based this on? I see a RBD in that area but that would of be known too late. I have been through the markepedia section and don't acknowledge any PA that has confirmed that trade? Or it wouldn't be a touch trade and you...
If you refer to previous post , you can find why i put top line there. But you can put your distal line at blue box top if still the zone is small(like IF shown).

For PA, i use tick charts same like IF. I stopped using limit orders already.
  • #1,408
  • Oct 27, 2014 12:42am Oct 27, 2014 12:42am
Quoting Ifmyante
SO sorry Yogi. I didn't realise you were referring to the same chart as earlier Just goes to show though that we have the same simple view of the market!
That is really an honour brother. I look through your eyes. So the view is same.
  • #1,409
  • Oct 27, 2014 12:43am Oct 27, 2014 12:43am
Quoting orionfx
Welcome back Fxyogi, I learn a lot from you and IF. Keep posting your chart. Thanks.
Glad Orion. Keep working on charts you will get there. Best of luck.
  • #1,410
  • Oct 27, 2014 12:46am Oct 27, 2014 12:46am
Quoting Fxyogi
{quote} If you refer to previous post , you can find why i put top line there. But you can put your distal line at blue box top if still the zone is small(like IF shown). For PA, i use tick charts same like IF. I stopped using limit orders already.
It makes perfect sense, wish i deleted my post. I failed to look at the previous page.

Thanks
Luck is where preparation meets opportunity.......
  • #1,411
  • Oct 27, 2014 6:28am Oct 27, 2014 6:28am
Hi all, so glad that this post active again.
How do you all see this?
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2014-10-27 at 7.24.52 PM.png Size: 36 KB
  • #1,412
  • Oct 28, 2014 1:18am Oct 28, 2014 1:18am
Hi Ifmyante,

Thank you very much for this thread which I have just discovered. I'm a migrant from your green lands a long time ago, now residing in Australia. I have been experimenting with trading Forex off and on for over 3 years, and now that I have retired I need to get serious and fine a trading system that actually works. I've been down Indicator Rd on several occasions, with the usual result. I want to stop reacting to the market and learn how to read it, and let price come to me where I can ambush it for a bag of pips.

If I need your help please, I tried to sign up to your website, but it is not accepting my registration. It let me in at first, but did not send out a confirmation email. then it locked me out.
Can you help me please. I also have an amazing story to tell if I could email you privately.

With gracious thanks,
F25
  • #1,413
  • Oct 28, 2014 7:44am Oct 28, 2014 7:44am
looks like I got the engulf that I waited for / price bounce of a LTF FL... so how should I manage this ... any suggestions are welcome.. thanks
Attached Image (click to enlarge)
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  • #1,414
  • Oct 28, 2014 10:24am Oct 28, 2014 10:24am
Quoting Forex25
Hi Ifmyante, Thank you very much for this thread which I have just discovered. I'm a migrant from your green lands a long time ago, now residing in Australia. I have been experimenting with trading Forex off and on for over 3 years, and now that I have retired I need to get serious and fine a trading system that actually works. I've been down Indicator Rd on several occasions, with the usual result. I want to stop reacting to the market and learn how to read it, and let price come to me where I can ambush it for a bag of pips. If I need your help...

Hi

You'll get there once you've unlearned all the rubbish which you've learned, and start to simply study price and its psychology.

Regarding signing up; we've had big problems with that lately, so are migrating servers today to fix the problem. Please bear with us for a few hours at least
  • #1,415
  • Oct 28, 2014 10:59am Oct 28, 2014 10:59am
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 62 KB

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM1.png Size: 57 KB


AU IF would have hold it longer. I read it wrongly for exit i guess.
  • #1,416
  • Oct 28, 2014 11:03am Oct 28, 2014 11:03am
Looking for PA to sell

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM5.png Size: 51 KB
  • #1,417
  • Oct 28, 2014 11:48am Oct 28, 2014 11:48am
Quoting Fxyogi
Looking for PA to sell {image}
I'm looking to this same setup here too.. lol

Kind Regards
  • #1,418
  • Oct 28, 2014 11:54am Oct 28, 2014 11:54am
Dear IF, I've been studied over your charts as you suggested us.

I ran into a question today, would you please shed a light on it, if possible?

Please see the chart attached, crimson fonts are my notes and question.

Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: IF Box 1 - my question.jpg Size: 249 KB
  • #1,419
  • Oct 28, 2014 11:58am Oct 28, 2014 11:58am
Quoting hazor
{quote} I'm looking to this same setup here too.. lol Kind Regards
No PA. Price broke my level. If you entered better get out at the retracement.
  • #1,420
  • Oct 28, 2014 12:00pm Oct 28, 2014 12:00pm
Yogi Bro, would you please discuss for both EU and AU trades, whether your stoploss are beyond the top blue box? if not, why?

Quoting Fxyogi
{image} {image} AU IF would have hold it longer. I read it wrongly for exit i guess.
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