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ReadtheMarket - Supply and Demand with Price Action

  • #2,801
  • Edited Feb 17, 2017 10:17am Feb 16, 2017 1:49pm | Edited Feb 17, 2017 10:17am
Quoting AhmadHassan6
Thanks IF, Thanks RTM. {image}
Perfect Trade bro IF & RTM told us to trade this way
Don't Predict Just React..
  • #2,802
  • Edited 10:47am Feb 17, 2017 10:14am | Edited 10:47am
Still not perfect entry need to work more on it ... lets see if price can break recent demand area or not ...
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Don't Predict Just React..
  • #2,803
  • Feb 17, 2017 10:41am Feb 17, 2017 10:41am
Quoting Nbr42
Still not perfect entry need to more work on it ... lets see if price can break recent demand area or not ... {image}
-------
u must Have V/G eyes 4sure
da n0o0b + $hit_Disturber
  • #2,804
  • Feb 17, 2017 10:50am Feb 17, 2017 10:50am
A bad trade (decision), a missed trade (EU), a good trade (EG)
---
What I have trouble with is, as IF nicely puts it, to "take the definitive pips on offer". This alone can propel one's trading results to the sky.
"But NO!", the mind screams, "this is not the most efficient management of the trade, the next target is at 8R, what is this measly 2.7R you are offering me, get lost!"

And thus a vicious cycle begins, especially for the trader with a little more anxious mind than he would prefer. The trade comes back to test the entry and, why not, even take you out, as you were not content with taking "the definitive pips", and price had not yet engulfed the opposite area. Enter revenge/over trading, bad decisions, blown accounts. And like this, a trader with solid knowledge, stares at the ceiling once more and asks: "how is this even possible? This is child's play, how is it possible that you are not winning all day, every day?"

This self-destructive behavior is extremely hard to stop; I should know. Someone who does not have this behavioral problem, or who is not facing situations that can bring out his worst self, can easily say "just stop doing it, commit to it" etc. It just doesn't work like that.

On the other hand, it can be as easy as seeing/reading/hearing something that makes it click for you, and just like that your behaviour changes. I was reading a paper shared on Twitter yesterday (http://www.elmfunds.com/blog/lessons-from-betting-on-a-biased-coin-cool-heads-and-cautionary-tales/) and something clicked in me. We do have numbers on our side. A simple 3R avg win, 50% win rate, perfectly doable with the right mindset, gives you an expectancy of 1R, i.e. in the long run you should collect as many Rs as your trades.

Of course, this is not new knowledge, but thinking it under the right circumstances makes it click. Trade the plan and the numbers will indeed take care of themselves.

PS: what I have most trouble with is wanting the perfect entry and missing huge trades, as shown here, for fractions of a pip; but that's for another post
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  • #2,805
  • Feb 17, 2017 10:52am Feb 17, 2017 10:52am
Now, an answer to trolls that always enjoy trying to bring someone down to compensate for their miserableness: Your ignorance boggles the mind. Whoever applies himself to the concepts taught by IF will realise it's indeed the truth of the markets. Simply put, he has deciphered the algorithms used by the market movers (market makers, hedge funds, institutions, whatever) , and offered them to the masses for free. I have learned a lot of great things from others too, most notably Chris Lori and a magnificent video about liquidity he has posted on youtube. But the information (and its exactness) shared by IF is truly on another level.

So, he has a "temper" when attacked for no reason. And he's, maybe, difficult overall. So what? In fact, a few years ago when I was still new in this game and in SD trading in particular, I read about his academy and when I saw what he was charging I said to myself: "This guy is a joke! Who does he think he is?". Well, let's just say that I was very very wrong. And I, for one, will be forever indebted to him, whether I make it as a great trader or not. Because he has given me invaluable knowledge and it's up to me to make it work for me. And this is something I should have said a long time ago. Thank you.
  • #2,806
  • Feb 17, 2017 11:10am Feb 17, 2017 11:10am
Quoting alphagad
Now, an answer to trolls that always enjoy trying to bring someone down to compensate for their miserableness: Your ignorance boggles the mind. Whoever applies himself to the concepts taught by IF will realise it's indeed the truth of the markets. Simply put, he has deciphered the algorithms used by the market movers (market makers, hedge funds, institutions, whatever) , and offered them to the masses for free. I have learned a lot of great things from others too, most notably Chris Lori and a magnificent video about liquidity he has posted on youtube....
I want to share something about myself ... its about 2 yr back i saw RTM (when i was new to this game) i thought may be this is not for me & will check it some other day & this other day come after 2 year when i realize RTM (now i feel what i missed) is the place i was looking for . this is the way i was searching from long time & its just change my trading view on chart & i was lucky to be a part of RTM for last three month(before it close) & this three month i learn a lots from IF & RTM master trader .
sorry for by poor English & thanks to IF for giving everything for FREE for long time .
Don't Predict Just React..
  • #2,807
  • Feb 17, 2017 11:16am Feb 17, 2017 11:16am
Quoting pipsy7
{quote} ------- u must Have V/G eyes 4sure
sorry sir .. what is V/G ?
Don't Predict Just React..
  • #2,808
  • Feb 18, 2017 7:52am Feb 18, 2017 7:52am
Quoting alphagad
A bad trade (decision), a missed trade (EU), a good trade (EG) --- What I have trouble with is, as IF nicely puts it, to "take the definitive pips on offer". This alone can propel one's trading results to the sky. "But NO!", the mind screams, "this is not the most efficient management of the trade, the next target is at 8R, what is this measly 2.7R you are offering me, get lost!" And thus a vicious cycle begins, especially for the trader with a little more anxious mind than he would prefer. The trade comes back to test the entry and, why not, even...

alphagad,
your TP at first chart should be a tight SL to fully reverse the position. The setup worked really perfect. In this case even without deep rtm knowledge.
Trading QMs as chart patterns also should be profitable. However, rtm principles are way beyond that and described inside this thread nicely by a few people including If himself.
  • #2,809
  • Feb 18, 2017 7:55am Feb 18, 2017 7:55am
Quoting Tj1
{quote} alphagad, your TP at first chart should be a tight SL to fully reverse the position. The setup worked really perfect. In this case even without deep rtm knowledge. Trading QMs as chart patterns also should be profitable. However, rtm principles are way beyond that and described inside this thread nicely by a few people including If himself.
alphagad,
please don't take the second part of my post - aiming newers
  • #2,810
  • Feb 21, 2017 2:54am Feb 21, 2017 2:54am
Quoting Tj1
{quote} kfx, i would consider your pinc area as a multiple entries zome with multiple tight SLs. Play the QMs man
Thanks Tj1 for your reply. I appreciate your time to comment.Hope everyone is doing great.
  • #2,811
  • Feb 21, 2017 10:16pm Feb 21, 2017 10:16pm
Quoting Hrt
You dint get me right,i want to know of tye course fees have been brought down there must be something cut down fromthe original course cintent too.so wanted to know what is excluded dats all.{quote} Â
You have ignored me. I cannot message you.
  • #2,812
  • Feb 22, 2017 3:41am Feb 22, 2017 3:41am
Finally got chance to take some trade this week....
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Don't Predict Just React..
  • #2,813
  • Feb 22, 2017 10:14am Feb 22, 2017 10:14am
I need example of engulf can some one teach me since the the only topic left i need to learn
  • #2,814
  • Feb 22, 2017 10:53am Feb 22, 2017 10:53am
Quoting BulletHunter
I need example of engulf can some one teach me since the the only topic left i need to learn
For me Engulfed is a movement that breaks the S/D zone . It is a movement with strong imbalance or with a weak imbalance to move to another base for liquidity . Engulf show us the intention of ITs where price want to go next . ( please see Master IF chart from the post 5 .. )
http://www.forexfactory.com/showthread.php?p=6585047#post6585047
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Don't Predict Just React..
  • #2,815
  • Feb 22, 2017 11:54am Feb 22, 2017 11:54am
i see this
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when try to change my password
  • #2,816
  • Feb 22, 2017 12:37pm Feb 22, 2017 12:37pm
Quoting mohsin360
i see this {image}when try to change my password
The captcha should be ok but you're not allowed to login even if you change password. You need a subscription...
  • #2,817
  • Feb 22, 2017 2:34pm Feb 22, 2017 2:34pm
Some will say the news made the euro move up. I would say level made the job...
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  • #2,818
  • Feb 22, 2017 4:06pm Feb 22, 2017 4:06pm
Quoting mertch
Some will say the news made the euro move up. I would say level made the job... {image}
Hey Mertch,

Nice RTM style trade

Where was your initial SL??

Thank you
  • #2,819
  • Feb 22, 2017 5:21pm Feb 22, 2017 5:21pm
Quoting Forex_Caesar
{quote} Hey Mertch, Nice RTM style trade Where was your initial SL?? Thank you
I should have set it at 0450 (Flag Limit range) but this is too wide for me. I don't go below 10 pips SL. But DM still possible until this limit.
  • #2,820
  • Feb 22, 2017 7:57pm Feb 22, 2017 7:57pm
Learn so much!Thanks Very much.
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