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ReadtheMarket - Supply and Demand with Price Action

  • #1,441
  • Oct 28, 2014 7:43pm Oct 28, 2014 7:43pm
Quoting Redbullish
{quote} just Awesome dude...where i can find more about the fake jump? There's nothing on it in the RTM forum
hELLO sir. Would you be as kind enough to post the POST NUMBER which he shows a picture of the fake jump?
  • #1,442
  • Oct 28, 2014 8:32pm Oct 28, 2014 8:32pm
you got it perfectly right that i was making a joke

because you didn't demonstrate an appropriate discussion attitude

i attach a trade i made today, live, i think it is one of many setups that IF showed us, and you can see it carries 0 DD almost, and still going.

this kind of setup i can do it about 50% hit rate and it is far from the other experienced traders.

now i actually don't need to look at your system, or could you post yours with a complete layout instead of telling something sounding very big-shot yet ambiguous (even misleading.......)

Quoting DaddyBear
{quote} You think that I only made $30. This is a joke. What I did was trying to make some traders with small pockets feel more comfortable at my threads.
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADH1.png Size: 24 KB
  • #1,443
  • Oct 28, 2014 9:03pm Oct 28, 2014 9:03pm
Quoting Ifmyante
{quote} 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

Thank you Ifmyante,

No problem with servers. I have plenty of reading to do to catch up on this thread. I'm only on page 12 so far.

F25
  • #1,444
  • Oct 28, 2014 9:22pm Oct 28, 2014 9:22pm
Quoting charvo
you got it perfectly right that i was making a joke because you didn't demonstrate an appropriate discussion attitude i attach a trade i made today, live, i think it is one of many setups that IF showed us, and you can see it carries 0 DD almost, and still going. this kind of setup i can do it about 50% hit rate and it is far from the other experienced traders. now i actually don't need to look at your system, or could you post yours with a complete layout instead of telling something sounding very big-shot yet ambiguous (even misleading.......)...
Your chart indicates that you had a nice short entry.
BTW, my demo had only $500 balance. A 6.7% gain in one day is not bad to me.
I did not ask you to look at my system. If curious, stop by and take a look yourself.
No misleading massage whatsoever.
daddybearforex. com
  • #1,445
  • Oct 28, 2014 9:26pm Oct 28, 2014 9:26pm
Quoting charvo
you got it perfectly right that i was making a joke because you didn't demonstrate an appropriate discussion attitude i attach a trade i made today, live, i think it is one of many setups that IF showed us, and you can see it carries 0 DD almost, and still going. this kind of setup i can do it about 50% hit rate and it is far from the other experienced traders. now i actually don't need to look at your system, or could you post yours with a complete layout instead of telling something sounding very big-shot yet ambiguous (even misleading.......)...
Good morning everyone!,

Brother im with you on this. Excellent..
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADH1.png Size: 30 KB
.
  • #1,446
  • Oct 28, 2014 9:45pm Oct 28, 2014 9:45pm
Charvo Brother,

Dont waste your precious time in these arguments. Lets keep this beautiful thread neat and clean.

I also have a system which makes 1000% each day (believe me ). I can sell my costly indicator to you for cheap just about 100$. Or you can join my school here to learn technicals and fundamentals the website is below.

www.fxyogi-lalala-gotothehell.com (http://www.fxyogi-lalala-gotothehell.com)

or you can visit my "One day one pip you are a millionaire" thread in FF


If you join i will teach you how to trade your demo account.

please visit my thread please
  • #1,447
  • Oct 28, 2014 9:47pm Oct 28, 2014 9:47pm
geez, you got up so early, Bro! it's quite encouraging that i catch one of your trades, lol

your website looks awesome,
Quoting Fxyogi
{quote} Good morning everyone!, Brother im with you on this. Excellent.. {image}.
  • #1,448
  • Oct 28, 2014 9:50pm Oct 28, 2014 9:50pm
Charvo you have mentioned that you place trades with 0 pip drawdown about 50% of the times? Do you have any way of proving that? As your page here on forex factory doesn´t even have an account posted.
  • #1,449
  • Oct 28, 2014 9:57pm Oct 28, 2014 9:57pm
i'm still struggling on the road, i can only search & find IF and other graduates like FxYogi's foot prints, but they've already disappeared far ahead of my sight.

i didn't mean i can always do 0 DD entries 50% right. I meant this kind of low DD entry (1:3+ R). i'd not post my trading records here, as i know it is quite pathetic compared to the other experienced ones. but my stats tell me that i'm approx 50% hit, with 2 RR on average.

you really need to go to RTM.com for all materials. it took me almost one year so far.

if you remember, you and i participated in a discussion on martingale system about 1 year ago. i left it behind, and never look back. here is where truth lie.

....... what i sincerely tell you after wasting 10 years of my life. lol

Quoting Master_kiwa
Charvo you have mentioned that you place trades with 0 pip drawdown about 50% of the times? Do you have any way of proving that? As your page here on forex factory doesn´t even have an account posted.
  • #1,450
  • Oct 28, 2014 10:01pm Oct 28, 2014 10:01pm
Quoting charvo
i'm still struggling on this path, i can only search and find IF and the other graduates like FxYogi's foot prints, but they've already disappeared far ahead of my sight. i didn't mean i can always do 0 DD entries 50% right. I meant this kind of low DD entry (1:3+ R). i'd not post my trading records here, as i know it is quite pathetic compared to the other experienced ones. but my stats tell me that i'm approx 50% hit, with 2 RR on average. you really need to go to RTM.com for all materials. it took me almost one year so far. if you remember, you...

Ok I understand now. I am suppose to take your word. *Rolls eyes*.... Yet the fact remains that if someone does have a system in which they have trades with any where from 0 to 5 pip drawdown then that is a very very very good setup which should be explioted. I for one have only 2 set up which falls into that range, and now I only trade those setups. On avg I am able to earn about 6% per trade on those which makes me very happy. I for one would love to see more setups like those. Hopefully we can get them here.
  • #1,451
  • Oct 28, 2014 10:03pm Oct 28, 2014 10:03pm
Quoting charvo
geez, you got up so early, Bro! it's quite encouraging that i catch one of your trades, lol your website looks awesome, {quote}
Yes i woke up and started "pip excercise" LOL.

I missed EC setup. Love to have 10 heads and 20 eyes like this former Srilankan king Ramayana villain "RAVANA"

Attached Image (click to enlarge)
Click to Enlarge Name: ravana.jpg Size: 108 KB
  • #1,452
  • Oct 28, 2014 10:12pm Oct 28, 2014 10:12pm
Quoting Fxyogi
{image} {image} AU IF would have hold it longer. I read it wrongly for exit i guess.

Good trades, FxYogi! If I may ask, what tick charts do you use? Also, do you use the same tick chart in US, London and Asia? Or adjust the ticks based on the different
sessions?

Thank you,
  • #1,453
  • Oct 28, 2014 10:23pm Oct 28, 2014 10:23pm
Quoting courier12
{quote} Good trades, FxYogi! If I may ask, what tick charts do you use? Also, do you use the same tick chart in US, London and Asia? Or adjust the ticks based on the different sessions? Thank you,
Courier,

ticks cant be adjusted. It is instant activity on chart.If you trade 100 ticks bar then that is a different issue. Again it become like data packed candle.im not trading that.
  • #1,454
  • Oct 28, 2014 10:24pm Oct 28, 2014 10:24pm
I'd also feel like posting something

this is a trade i just entered now. it might not look like RTM style, but I still think it in fact is. maybe IF can insert his valuable opinion here.

Thru my study on RTM materials, especially engulf vs FO, I observed that FO tends to get retested in this kind of situation. hence the long with the target at least at the 'FO 1st' level.
Attached Image (click to enlarge)
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  • #1,455
  • Oct 28, 2014 10:59pm Oct 28, 2014 10:59pm
Quoting charvo
I'd also feel like posting something this is a trade i just entered now. it might not look like RTM style, but I still think it in fact is. maybe IF can insert his valuable opinion here. Thru my study on RTM materials, especially engulf vs FO, I observed that FO tends to get retested in this kind of situation. hence the long with the target at least at the 'FO 1st' level. {image}
Allow me to post my opinion . IF opinion can be different.
What i see sometimes you are taking a trade in the middle and trade to the target. This is where everything goes wrong. Because you don't know on what condition you are wrong. If you are lucky your target will be hit. But next time market may not be mercy and will leave you in draw down .

When you say target what you are saying is move can be over in that level and price can be turned down from that level. So you fine tune that space and trade from that level. This is what becomes extreme. Because now you know when you are wrong not only that you can exit very quickly depends on the zone size. No draw down whatsoever and very clear decision making.

"Expectation" will lead to disaster. Because from expectation there comes fear and greed.If i can follow the price footprints from a level that would be easy and clear way of thinking.IF has made it easy for us.

Patiently waiting for a level is the key. If you are worried about return better increase the position size. But what is important is crystal clear mind to hold or exit from trades. People PM me asking what is extreme.It was difficult to answer.

But now i can answer

" Extreme is not the middle".
  • #1,456
  • Oct 28, 2014 11:54pm Oct 28, 2014 11:54pm
FXyogi... Once the currency has broken out... Say 50 pips in one direction... How do you confirm accumulation?
  • #1,457
  • Oct 29, 2014 5:12am Oct 29, 2014 5:12am
Hi guys,

One thing that still confuses me is when an engulf is considered to be significant. I know it's not just price making a higher high, or lower low. I've seen a lot of talk about prices making a flag limit or FTR after break a level, then waiting for the flag limit/FTR to be engulfed back in the other direction, but that also seems to be unclear to me for the reasons listed in the pictures attached.

In the M5 screen below, you can see that price breaks below the series of lows to the left.

Attached Image (click to enlarge)
Click to Enlarge Name: GU M5.png Size: 37 KB


However, if we look at the M1, at what point do we have a flag limit or an FTR, and what would we look to engulf there before going long?

Attached Image (click to enlarge)
Click to Enlarge Name: GU M1.png Size: 44 KB


If we look at the M15, we can see there is a demand zone there, which dd engulf some of the highs on M1, but how do we know which one to wait for?

Attached Image (click to enlarge)
Click to Enlarge Name: GU M15.png Size: 42 KB
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #1,458
  • Oct 29, 2014 5:38am Oct 29, 2014 5:38am
Here is a trade I am currently in on CADJPY (Nothing like posting a live trade!).

So we see the break of some highs on the M5. When you dial down to M1, there is a flag limit inside that later holds price up. We then get an engulf of the low, as well as the flag limit, so I have sold the origin of the move. Let's see if the theory holds up.

A picture does it a lot more justice.

Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY M5.png Size: 46 KB


Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY M1.png Size: 43 KB



EDIT: This has now been stopped for a loss. The engulf still eludes me.
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #1,459
  • Oct 29, 2014 5:58am Oct 29, 2014 5:58am
Back in on a manual entry in the M15 zone.

Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY M15.png Size: 30 KB
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #1,460
  • Oct 29, 2014 6:30am Oct 29, 2014 6:30am
Ok, that's me stopped out on the high of CADJPY as well.

Any takers that can explain how to correctly use the engulf? It could be that I'm just stupid, but the article on RTM doesn't seem to cover how engulfs are used on the RTM message board (Or it could be that I'm just not understanding it correctly).
In boxing, all the champion's results are visible. In forex, talk is cheap.
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