ReadtheMarket - Supply and Demand with Price Action

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[Quote = Fxyogi; 7832168] {quote} ele refez muito u mossa sair ??? [/ quote]

Sorry for late answer... i was stopped out.... i'm extremely confused with RTM strategy

Hi, Gristar, please see my question in chart.

Here's a beautiful hindsight chart for you.

don't get your point, sorry

I didn't get your question, sorry. So I provided an answer that didn't address your question.

He just drew a flip zone. Doesn't look to be defined very precisely.

Any thoughts on potential trade setup?

I don't like it personally, very messy area and it's hard for me to spot really nice boundaries. My thinking though is that if that flag limit is really an important one (you have to look left and see what it broke), then it already has had the opportunity to move up after bouncing at that second to lowest zone you marked up too which engulfed that previous short term high. Another concern is that the area you're looking to buy at isn't very distinguished...no special structures that I can ascertain and it's just to the right of a lot of earlier trading.

Hello traders,

here are few charts I have found (GU M5).

First three worked well, and I want to ask if it is correct point of view? Am I seeing it right? Is those FL are correct?
And the fourth one is just going to happen on the open? What should we expect? Is entry and target marked in the right places?
Please, take Your time, and if You see it differently or found incorrect please comment.

Loonie, why this didn't worked ?

I do not know if I understand your question correctly. But I assume you were asking why I draw the lower zone.

I m still learner. let me know if i do mistake. Thanks

Ok, this worked.
Yogi, can You look at it and say if I am at least looking to the right side?

NZD/USD

Where should be the entry ?

Nice example of FLs at work

Nice chart.

watching this area for a possible trade if price breaks with conviction and we see the appropriate PA! Good confluence in this area. Not all engulfs are created equal.

Although it seems impulse legs are to the downside and the up moves are corrective within the flag. Wait and see if it does break to the upside

zone itself, how and how many time it got absorbed, and how about reaction

Has been YEARS since I posted here in FF. I am a price action trader but was missing the last piece of the puzzle. I am a RTM member and it has changed my trading like my persona says....4EVER. Maybe I should change it to S/D4EVER . I now understand how to get into a BIG move with a very SMALL risk. I was making money at 1:1 RR or less so you can imagine how a 2:1 and even greater expectancy has changed my entire perspective. Thanks to a trading friend who turned me onto IF and then lead me to the RTM site, threads here at FF, and other sites.... as well as other COMPETENT S/D traders where all my years of high priced seminars and educational materials was overshadowed by simple economics 101...The free market system baby...supply and demand! THANK YOU IFMYANTE !!!!!

The following is a set up that happened today. GBPAUD ran up into supply and the origin of the drop (which I shorted by the way) and gave another entry. IF's notion is that when supply/demand is breached we should get a hint. This was a winning short trade none the less, but expecting a higher move. Charts will explain.

By the way, may chart colors are patterned after http://www.forexfactory.com/balhana so I must give credit to whom credit is due... not only do I love the colors, but his analysis is absolutely mind boggling (so simple but yet so profitably profound) (at least to my simple mind).