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ReadtheMarket - Supply and Demand with Price Action

  • #2,261
  • Jul 2, 2016 9:09pm Jul 2, 2016 9:09pm
Quoting Keyador
{quote} Where is the thank you button when you need it! Thank you for all your sharing, you have no idea how much I learned from your charts I used to have unrealistic expectations about RTM, I expected price to always behave like it should but sometimes it just doesn't (or my analysis was just wrong). And whenever that happened I would go crazy and start revenge trading which only let to more losses. Now my expectations are more realistic, when I lose a trade I analyse what went wrong and just move on.


It is great to hear that you are doing good. My charts are also evolving ,so latest is the most appropriate . Please ignore the old one.I hope it still will improve till im satisfied.

Ifmyante did a great service to most of us. He put trading in scientific terms where we can follow the foot steps if price. Losing can be our lack of understanding that's how i liked to think as of now .

Initially i wanted to find the holy grail. But the implication is far more dangerous than you can imagine.Once somebody finds it, market will not exist anymore for us to trade. And how i can earn for my living ??!!.

In fact i don't want anyone to find holy grail . Somewhere close to the holy grail is fine.Because if i know 100% exactly where market will turn, i cant imagine what will happen to all of us.

Nevertheless,beauty of this method sometime amazes me. Only a great mind can discover this. It might have taken lot of time to see the market in this way. Definitely it is a revolutionary.Wholeheartedly i endorse this.

But i also noticed ,it didn't help poor traders. Traders who already had little success with any poor method , are doing great with this.Because of their planning and execution.
Others wasting their time and money by ,

average in , not taking profit, blaming the method, praising the masters like a god without knowing exactly with whom they are speaking with, depending every time on others to explain what has happened without sleeping with it, Pretending like masters without any failures(oh i did that also ),

And moreover they want to help others speaking very same way how IF does. But they cant be like him can they?.
  • #2,262
  • Jul 2, 2016 9:36pm Jul 2, 2016 9:36pm
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  • #2,263
  • Jul 4, 2016 2:57pm Jul 4, 2016 2:57pm
Nice charts as always , great stuff to study and learn.

What do you think about this:

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How would you handle a trade here? The place where price bounced (red line) does not seems significant to me.
  • #2,264
  • Jul 5, 2016 3:48am Jul 5, 2016 3:48am
Quoting Keyador
Nice charts as always , great stuff to study and learn. What do you think about this: {image} {image} How would you handle a trade here? The place where price bounced (red line) does not seems significant to me.
In this i will ask myself a question
Is that engulf coming from red box or blue box

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  • #2,265
  • Jul 5, 2016 10:04am Jul 5, 2016 10:04am
Fxyogi & keyador nice charts
Some thoughts:

Price had not reached it's target before going up, this explains the FO, I think
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More advanced reasoning (not many orders left there, price entered the CPAZ and later engulfed the FL)
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Also as Keyador showed on his chart the CPAZ eng was also a nice extra confirmation.
And look at the QM level that price formed on reaction, great long entry opportunity.

Then after the engulf price wanted the other side again.
This is the LTF view of the special FL
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And later how price reached it
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the 3rd wave is the crowd's wave
  • #2,266
  • Jul 5, 2016 10:31am Jul 5, 2016 10:31am
Quoting juriFX
Fxyogi & keyador nice charts Some thoughts: Price had not reached it's target before going up, this explains the FO, I think {image} More advanced reasoning (not many orders left there, price entered the CPAZ and later engulfed the FL) {image} Also as Keyador showed on his chart the CPAZ eng was also a nice extra confirmation. And look at the QM level that price formed on reaction, great long entry opportunity. Then after the engulf price wanted the other side again. This is the LTF view of the special FL {image} And later how price reached...
Hi Juri,

Nice. My chart was showing something else. If you think a little bit further you can see that.

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  • #2,267
  • Jul 5, 2016 12:12pm Jul 5, 2016 12:12pm
Quoting Fxyogi
{quote} In this i will ask myself a question Is that engulf coming from red box or blue box
Did you draw the upper part of the red box there because that was where price broke in compression? I hope you dont mind me asking questions, if you do please let me know.
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JuriFX, after ENG we are allowed a FO in my understanding, so yes I agree with that part. I didn't see the significance of where price turned when it faked out because I drew my lower box wrong, Fxyogi showed us the correct box. And yes the 'special FL' you marked is a great place to look for a trade.

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  • #2,268
  • Jul 5, 2016 2:33pm Jul 5, 2016 2:33pm
Quoting Fxyogi
{quote} Hi Juri, Nice. My chart was showing something else. If you think a little bit further you can see that. {image}
I think now I get it, thank you.

Quoting IF, Price Reading - Markepedia
Did the zone itself react at the right place? Look beyond the zone further into the past. See what it reacted to. Was there a better S/D nearby that price wants to visit? This explains many fakeouts. Did price originally react to the RS of a Flag Limit? It can fakeout to true SD of the FL.
About your EURAUD chart, that FO was highly probable because of the compression, so no orders left there, and what do the ITs love? Yeah fake moves.

Quoting Keyador
JuriFX, after ENG we are allowed a FO in my understanding, so yes I agree with that part. I didn't see the significance of where price turned when it faked out because I drew my lower box wrong, Fxyogi showed us the correct box. And yes the 'special FL' you marked is a great place to look for a trade. {image} {image}
Yep. And I wrote 'special FTR/FL' because the origin holds great importance from my understanding. Great final target for sure, and for trade entries also but here I prefer to wait for PA confirmation.
the 3rd wave is the crowd's wave
  • #2,269
  • Jul 6, 2016 9:58pm Jul 6, 2016 9:58pm
Quoting Fxyogi
Fund trading is better than any other. If it is other people money, we will put stop loss. We will obey MM. It is so easy for us to get lost in the market very easily. As IF said ,one bad incidents in our life will wipe out the account in an hour. I remember my own 40k account wiped out over night when i started.The day i still remember today with crystal clear . I shivered and sweated and even cried "Oh god why me , please don't do this to me i dint do anything wrong".Then over the time i realised, it is not only me all 90% traders doing the same...
I remember the day it happened...(the mini swiss crash).
You're right it can be very dangerous. However , it is also for this reason that you have to carefully select the correct/regulated broker.
Some traders were reimbursed after the slippage. (and i guess it depends if you're covered)
http://www.financemagnates.com/forex/brokers/covered-brokers-forgive-negative-balance-following-chf-crisis/

The only other way to avoid being completely wiped out is to trade small...Really small. (but that's not fun
  • #2,270
  • Jul 6, 2016 10:31pm Jul 6, 2016 10:31pm
Quoting Keyador
{quote} Did you draw the upper part of the red box there because that was where price broke in compression? I hope you dont mind me asking questions, if you do please let me know. {image} JuriFX, after ENG we are allowed a FO in my understanding, so yes I agree with that part. I didn't see the significance of where price turned when it faked out because I drew my lower box wrong, Fxyogi showed us the correct box. And yes the 'special FL' you marked is a great place to look for a trade. {image} {image}
Keydor, Jury,

I dont know "Special FTR". I don't want to speak something not in my experience.

Keydor,
Yes your marked that right. FL you marked earlier is a CP swap FL( I know you never heard this , so i just wanted to confuse you as usual )

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Now i didn't say you marked wrong. I was asking the question when price react from blue FL it is also reacting from Red QM box. So which one you will take the origin?. And what parameters you use to decide that?. That's all i asked you to think.If you find the answer please share with me (by PM ).

note:Fractal nature of price will train your eyes to see the smaller TF same as larger TF . Keep this in my mind " What is in the universe also in the atom".

Ok Thanks guys . Time to go for break will see ya later.
  • #2,271
  • Edited 5:48pm Jul 7, 2016 5:37pm | Edited 5:48pm
Hi Fxyogi,
I'm so glad you're back!
Considering your failed trade on USDCAD chart, on my feed there wasn't engulf at all, and this is weird because the difference is quite a few pips. This is from IC markets broker
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There are lot of charts from you of If that are very hard to study because when I go to lower TF picture is changed and on my feed story is often a little different, lines go through middle on nowhere on M1 chart.

I'd ask you if you could say what broker are you using so i can check your charts through your eyes?

Now I have a mayor confusion how you draw compression zones? Sometimes they are obvious like on that last EURUSD example you showed us, but on some charts I see it is drawn subjectively as I see it. And it happens often too.
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This is my undestanding:
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  • #2,272
  • Jul 8, 2016 9:20pm Jul 8, 2016 9:20pm
Quoting TheLastNail
Hi Fxyogi, I'm so glad you're back! Considering your failed trade on USDCAD chart, on my feed there wasn't engulf at all, and this is weird because the difference is quite a few pips. This is from IC markets broker {image} There are lot of charts from you of If that are very hard to study because when I go to lower TF picture is changed and on my feed story is often a little different, lines go through middle on nowhere on M1 chart. I'd ask you if you could say what broker are you using so i can check your charts through your eyes? Now I have a...
Last nail,

CP is not trend line. If that is a trend line it is subjective. CP is a empty space where you have no clean orders inside .so if you think every last set of clean orders have been consumed , you can draw the CP.

Thanks for UC chart. Feed is a biggest issue in this method. I use tickmill. They have more liquidity providers.No matter what you do, don't ignore use MM and SL. There is a danger in this method any other, since its winning potential is high,it will give you the false confident on how to "read the market". And that is the end of the game.
  • #2,273
  • Jul 9, 2016 1:43am Jul 9, 2016 1:43am
TheLastNail,

This is what I understand.
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  • #2,274
  • Jul 10, 2016 9:00am Jul 10, 2016 9:00am
Thank you guys for your responses.
Yes, my compression understanding is subjective, but all we can see in RTM methodology is lot of concepts where nothing is clearly defined except FTRs. FTRs should be most basic building blocks that PA is made of. Breaks of FTR to the upside or the downside make all other PA phenomena in my understanding.
So if I want to understand compression fully first I need to understand where are the orders. IF said something along the lines: Look for where trick have been played in order to know where price will turn.
I'm trying to build scientific and methodological way to understand this method so I can trade it, ergo I disregard anything that I can't clearly define. Subjectivity causes second guessing, stress and failed trades.
Fxyogi I studied your charts alot but still don't understand how you draw your FLs. You said to Charvo(I think) if you have troubles finding FLs find compression first. I cannot use that and you can see why. Both you and IF when trying to explain FLs in a diagram you basically showed FTR that later bounced price, then you know that FTR is also a FL, and we take FL after a break of that FL. But very often picture to the left is not so clear, as there are few FTRs that price could all react to.
I agree fully that MM and SL and mandatory, we cannot gain anything by not using them, only lose if our read is incorect or price does something unexpected.

Gristar in your compression example price is reacting to the QM lvls and in stacked demand price is reacting to the FTR SR areas if I understand that correctly?
  • #2,275
  • Jul 10, 2016 4:07pm Jul 10, 2016 4:07pm
So after a year studying RTM method this is where I am. Still I'm nowhere close to understanding it.

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  • #2,276
  • Jul 10, 2016 5:54pm Jul 10, 2016 5:54pm
Quoting TheLastNail
So after a year studying RTM method this is where I am. Still I'm nowhere close to understanding it. [...]
many times I keep wondering too at such moves, engulf or fo?
but in this case I would argue that it was a valid PA move, only painful because of a huge FO.
only recently I learned that after an engulf price can really keep going in the original direction more than expected to allow ITs to collect additional orders, especially when the final target was not yet hit.

It is a good idea to look always left and on multiple TFs to get the whole picture.
This is how I see it:

history
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reaction
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Of course I would be very interested in reading other views too
the 3rd wave is the crowd's wave
  • #2,277
  • Jul 10, 2016 9:17pm Jul 10, 2016 9:17pm
So most likely it wasn't FO after all, it was signal engulf, and that top FL was price making it to the last set of unfilled orders probably(I hate words probably. could, should. maybe and such in RTM method) on LTF chart it bounced from QM area. So that black line you draw could be price reacting to SR of FL. Maybe. Question is, how to know that QM area will bounce price, we don't even have anything to the left of it. Is trick that IF mentioned visible there? Maybe it was
  • #2,278
  • Jul 12, 2016 4:31pm Jul 12, 2016 4:31pm
Quoting Achlys
{quote} I remember the day it happened...(the mini swiss crash). You're right it can be very dangerous. However , it is also for this reason that you have to carefully select the correct/regulated broker. Some traders were reimbursed after the slippage. (and i guess it depends if you're covered) http://www.financemagnates.com/forex/brokers/covered-brokers-forgive-negative-balance-following-chf-crisis/ The only other way to avoid being completely wiped out is to trade small...Really small. (but that's not fun
there is other way....

after "black friday" (fev yrs aggo when fbi cia and other gov entered to the FULT TILT POKER company they freez all money from poker players....)
and poker players get the lesson so now they hold money on diferent sotware... or on moneybookers, skrill etc.... and if they need they top up in fev sec

so there is other option
  • #2,279
  • Jul 16, 2016 4:04am Jul 16, 2016 4:04am
I have to agree with keeping capital someplace safe.

When the Swissie moved, most of our brokers went broke, and we lost a lot of money.
It's pretty rotten to wipe multiple accounts without even being in a trade!
  • #2,280
  • Jul 18, 2016 11:14am Jul 18, 2016 11:14am
fundamentally, in terms of PA, don't you see your question is already answered by FxYogi's UCd trade chart in the previous page? the situation is same to me.

this is a failed engulf PA (failed to reach its target), and it happens often.

FO has many categories in fact. This failed PA is in fact one type FO. but there's little help to go crazy over the terms anyway. You read your chart correctly, but remember to keep your expectation appropriate, the engulf PA may fail, and often.

Quoting TheLastNail
So most likely it wasn't FO after all, it was signal engulf, and that top FL was price making it to the last set of unfilled orders probably(I hate words probably. could, should. maybe and such in RTM method) on LTF chart it bounced from QM area. So that black line you draw could be price reacting to SR of FL. Maybe. Question is, how to know that QM area will bounce price, we don't even have anything to the left of it. Is trick that IF mentioned visible there? Maybe it was
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