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ReadtheMarket - Supply and Demand with Price Action

  • Post #2,801
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  • Edited Feb 17, 2017 11:17am Feb 16, 2017 2:49pm | Edited Feb 17, 2017 11:17am
Quoting AhmadHassan6
Thanks IF, Thanks RTM. {image}
Perfect Trade bro IF & RTM told us to trade this way
Trade The Probability
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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Trade The Probability
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
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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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.
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 .
Trade The Probability
Quoting pipsy7
{quote} ------- u must Have V/G eyes 4sure
sorry sir .. what is V/G ?
Trade The Probability
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.
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
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.
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.
Finally got chance to take some trade this week....
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Trade The Probability
I need example of engulf can some one teach me since the the only topic left i need to learn
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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Trade The Probability
i see this
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when try to change my password
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...
Some will say the news made the euro move up. I would say level made the job...
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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
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.
Learn so much!Thanks Very much.
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