thank you brother, appreciate it 
estote parati
ReadtheMarket - Supply and Demand with Price Action
- #1,483
- Oct 31, 2014 6:33am Oct 31, 2014 6:33am
- Joined Dec 2006 | Status: Backtest is meaningless (to me) | 2,176 Posts
- #1,485
- Oct 31, 2014 8:37am Oct 31, 2014 8:37am
- Joined Dec 2006 | Status: Backtest is meaningless (to me) | 2,176 Posts
This is a question that i'd really like your opinion
many times, we see setups without ideal retrace or tangible retrace, such like this one.
but i do see if i enter right there (the SR broken before the rally), the RR would be 1 at least. if this kind of setup works more than 50% of times, why would we not trade it, at least with a light position? its expectancy is positive anyway. but the equity curve does see disturbance due to this kind of trades, i know. sometimes, i just can't get over a setup when RR is more than 1, too cheap me......
many times, we see setups without ideal retrace or tangible retrace, such like this one.
but i do see if i enter right there (the SR broken before the rally), the RR would be 1 at least. if this kind of setup works more than 50% of times, why would we not trade it, at least with a light position? its expectancy is positive anyway. but the equity curve does see disturbance due to this kind of trades, i know. sometimes, i just can't get over a setup when RR is more than 1, too cheap me......
{quote} If retraced to the redbox would have been a good entry. {image}
This is a question that i'd really like your opinion many times, we see setups without ideal retrace or tangible retrace, such like this one. but i do see if i enter right there (the SR broken before the rally), the RR would be 1 at least. if this kind of setup works more than 50% of times, why would we not trade it, at least with a light position? its expectancy is positive anyway. but the equity curve does see disturbance due to this kind of trades, i know. sometimes, i just can't get over a setup when RR is more than 1, too cheap me...... {quote}...
Let say FL engulfs and retraces a to MPL? , you will be left in drawdown. How about diamond fake out inside the FL ? you will be in more draw down.
How about your analysis is wrong?. More worse ryt?.
Not only you i'm also having itchy hand to take many trades as i can .without signal. Even IF himself has this phobia as per his post. Getting over from it everyday is trader's process. He grows with his mistakes.
As i said earlier if you like 1 R, try tick charts. You will get many 1R setups. Why we go and waste our time on HTF for 1 R.I will consider it as a long term scalping
.The problem is we take trade cause of bordem. I also have this problem. But nowadays , i try to watch charts and draw boxes as many as i can and see how the market behaves.
you can trade with smaller position if you can find long term move. For that you can put SL beyond weekly or monthly extremes. And slowly increase position size by moving the SL in safe place.It is highly rewarding but totally a different method and slow process. But as you shown can merge with RTM skills i guess.
- #1,487
- Oct 31, 2014 9:52am Oct 31, 2014 9:52am
- Joined Dec 2006 | Status: Backtest is meaningless (to me) | 2,176 Posts
yeah, yeah, i was asking same question, 
right, i think you put it in a sharp way "long term scalping", quite inefficient,
my day job is killing me, man, guess that's partially why i feel it so difficult to let it go these kind of setups.
right, i think you put it in a sharp way "long term scalping", quite inefficient,
my day job is killing me, man, guess that's partially why i feel it so difficult to let it go these kind of setups.
{quote}Why we go and waste our time on HTF for 1 R.I will consider it as a long term scalping
- #1,488
- Oct 31, 2014 10:09am Oct 31, 2014 10:09am
yeah, yeah, i was asking same question,
Let me tell you my account journey.
1. Martingale - blowout
2. breakout trading- blowout
3. top bottom picking using SD - blowout
4. Basket trading - blowout
5.Ichimoku, RSI, MA, Fibanocci- blowout
5. Breakout retest- growing
7. FL trading- growing more
But if you tell me 10 years you are trading somewhere in the middle, you definitely need to think about this. If im not wrong, that is the last obstacle you have.
Cheers bro.
- #1,490
- Oct 31, 2014 10:33am Oct 31, 2014 10:33am
Fxyogi is spot on. Supply Demand along with pure orderflow is the only way to trade and be in the green.
(The FL i marked in my last NZDUSD chart got deleted somehow and i am lazy to draw again you can refer that post).
{quote} Agreed rubin with a big BUT. Can you look at the attached chart where market turned suddenly but there is no supply or demand whatsoever, then how come suddenly changed. This is where FL becomes handy and must be in your radar to take profit or follow the price. (The FL i marked in my last NZDUSD chart got deleted somehow and i am lazy to draw again you can refer that post). {image}
- #1,493
- Oct 31, 2014 2:08pm Oct 31, 2014 2:08pm
- Joined Dec 2006 | Status: Backtest is meaningless (to me) | 2,176 Posts
hello fxyogi.. iam really curious how to trade using that boxes... after i have been silent reading @rtm and ff too.. i got confused and mixed up... (pardon me also not really fluence in english ) sold GU... TT do my boxes draw correctly? {image} {image} lol BE trade.. thx & rgds
It will be confusing. Because everyone will add their personality to the method. It is like quantum particle, when you see everything changes.
Filtering out is necessary. I suggest you to download all IF posts and read it from the beginning. Even that one will be contradictory to the beginning. People change so the market so the system.Once you get the key try and open the door. Once understand fully, add your flavors.Keep in touch.
weekend time, so i clutter the thread a bit with my cheap chat, hope IF doesn't mind, lol my path is almost identical to yours. 1. Martingale - blowout 2. breakout trading- blowout 3. Basket trading - blowout 4. Martingale again - blowout - for whole fecking 2 yrs 5. Breakout retest - struggling 7. FL trading - struggling more i'll kill the middle trading, brother. {quote}
If you show me a trader who never used martingale , i will stop trading ryt now.
.Will do it ya brother.
OOPS this thread shouldnt turn as a chatting room. Only charting room.
My chart will speak hereafter.
{quote} Been hanging out for thisthanks a lot!! Unfortunately there still seems to be a problem with registration - I could sign up ok but the token in the url supplied in the validation email sent to me doesn't actually work...
There's a bunch of us who would greatly appreciate being able to access RTM so thanks in advance to the administrators for sorting this out
only dead fish swim with the stream
{quote} Hi Kiwa, Did you mean accumulation as a demand?.
Hello. Yes.... Instead of calling it Demand or supply (The name suggests something very Subjective). By calling it Supply?Demand? The reality is you still have to make a decision about going long or short, once the price accumulates.
You show the accumulaton level (supply and demand zrea), but if you speak about the moment it is confirmed, that is the only way you get those 80 pips profit without giving more then 8 pips to the market, with your spread included. The market has a sweet spot. If you focus on that spot, you spend over 98% of your time in green with more then 15m holding the positions.
You aee giving lables to the chart, which is very helpful, nd shows the extension or reversal, but being able to see it once a 5m candle closes is even more important, don't you think. If you can master this form of trading, you can wager 1% P or L per pip. That to me excites me and make me worth more then Buffet.
Buffets calls takes awhile to develop. In forex you can earn it in real time..... NIkki today was as high as 5%, Over 300 pips is one day. No chart could ever show you that in advance. Yet if you use supply and demand with price action, you actually can beat the market.
- #1,500
- Nov 1, 2014 2:21am Nov 1, 2014 2:21am
- | Membership Revoked | Joined Nov 2010 | 3,072 Posts
{quote} Hello. Yes.... Instead of calling it Demand or supply (The name suggests something very Subjective). By calling it Supply?Demand? The reality is you still have to make a decision about going long or short, once the price accumulates. You show the accumulaton level (supply and demand zrea), but if you speak about the moment it is confirmed, that is the only way you get those 80 pips profit without giving more then 8 pips to the market, with your spread included. The market has a sweet spot. If you focus on that spot, you spend over 98% of...
Just please don't anybody do it until you're fully in tune with the market.
So, I agree with you (with reservations for students) on most points, although we don't use candles or their closes as PA. Rather we use zone engulfs