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ReadtheMarket - Supply and Demand with Price Action

  • #2,861
  • Mar 7, 2017 11:27pm Mar 7, 2017 11:27pm
Quoting D11
Some days it is crystal clear, others like looking into a muddy pool. I can understand it all, individually, poles, flags, flag limits, FTRs, engulfs, flag limits, FTBs, CP, FO, and to a point PAZ. Scales still elude me somewhat. It all makes sence when reading and looking at others' charts, then when i open my own i feel at times lost. There is just SOMETHING, that is holding the last door closed, and i don't seem to be able to crack it just yet. Nothing else to do but keep on digging Cheers
We are on the same boat. Still trying to complete the puzzle. Lost when i do back test using simulator. but i still have faith in this method.
  • #2,862
  • Mar 8, 2017 12:14am Mar 8, 2017 12:14am
Quoting Ifmyante
Yes, exactly, so there are no promises of a complete fill on entry
Hey IF, thanks for the reply.
Since you agree, you now have verify my perspective. Unfortunately for me, the chart is filled with stack supply and demand unless it is a CP. Anyway, I guess I have to study the chart more.
  • #2,863
  • Mar 9, 2017 6:33pm Mar 9, 2017 6:33pm
Hi guys, price hit SL before turning to the target. Need to figure out better entry and SL. Did I mark the chart correctly? Thank you

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  • #2,864
  • Mar 10, 2017 4:26am Mar 10, 2017 4:26am
Quoting Yob
Hi guys, price hit SL before turning to the target. Need to figure out better entry and SL. Did I mark the chart correctly? Thank you {image}
Hi Yob, I have drawn the same FL, like you did. But I dont understand the reason for a buy there. I can't see any PA
  • #2,865
  • Mar 10, 2017 5:51am Mar 10, 2017 5:51am
Quoting D11
Some days it is crystal clear, others like looking into a muddy pool. I can understand it all, individually, poles, flags, flag limits, FTRs, engulfs, flag limits, FTBs, CP, FO, and to a point PAZ. Scales still elude me somewhat. It all makes sence when reading and looking at others' charts, then when i open my own i feel at times lost. There is just SOMETHING, that is holding the last door closed, and i don't seem to be able to crack it just yet. Nothing else to do but keep on digging Cheers
You have to accept that some days there isn't clean pa on the pair you are trading and no valid setups. And some days the the clean setups dont work. You have to accept that these patterns don't always result in profit. The profit margins are tiny in this game but if you stay disciplined and don't lose your head when you are on a losing run, over time profit will come and over more time, profit will be compounded. Then the small profit margin becomes irrelevant.
Adriaaaaan
  • #2,866
  • Mar 10, 2017 7:36am Mar 10, 2017 7:36am
Quoting Yob
Hi guys, price hit SL before turning to the target. Need to figure out better entry and SL. Did I mark the chart correctly? Thank you {image}
Hi Yob, the best way to put it all together is pick highs and lows put a horizontal line on them and follow them back in time in as lower time frame as possible and you will see support and resistance, QMs etc (games). Keep doing this and it should all come together.
This style can sometimes be information overload the key is the past not what's on your monitor minute by minute that causes burnout.

Great Quote From IF

Please please please don't obsess over learning the market.
Don't try and force the knowledge in.
You must just let it happen naturally.
After taking in the material once or twice, you'll get to understand more while away from the charts than before them.

Consider yourself to be a sand timer.
Your innate understanding of the market lies in the bottom chamber.
What you've read, but still don't understand, sits in the top.

If you try to force it down, you'll only create a bottle-neck, frustrating and slowing your progress.

Make a living while you learn. Have fun away from the charts. The sands will fall faster that way


This is how I would have looked at your chart.

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  • #2,867
  • Mar 10, 2017 9:09am Mar 10, 2017 9:09am
Quoting Baifo
{quote} Hi Yob, I have drawn the same FL, like you did. But I dont understand the reason for a buy there. I can't see any PA
Hi Baifo, It is a touch trade because if my understanding is correct it is the flag of the origin of the up move.
  • #2,868
  • Mar 10, 2017 9:32am Mar 10, 2017 9:32am
Quoting aus1way
{quote} Hi Yob, the best way to put it all together is pick highs and lows put a horizontal line on them and follow them back in time in as lower time frame as possible and you will see support and resistance, QMs etc (games). Keep doing this and it should all come together. This style can sometimes be information overload the key is the past not what's on your monitor minute by minute that causes burnout. Great Quote From IF Please please please don't obsess over learning the market. Don't try and force the knowledge in. You must just let it happen...
Hi aus1way, thank you for your insight, yes it is very true what IF have said, It only has been 6 months since i decided to pursue trading. Supply and demand was my start, Luckily was introduced to RTM by my previous S&D teacher. Its has been like 4 months days and nights trying to connect the puzzles. Previously silent lurker with only one or two post HW section of RTM. I was shocked and lost when RTM closed its door. But IF have the ultimate right to do what he got to do right? Luckily we still have this thread as alternative.

I would like to say thank you to IF for this method along other members such as FX yogi for, the insights, the infos, the puzzles. Still trying to put all things together.
Sorry for my English.

Here is my "lucky" demo trade limit order that triggered today
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  • #2,869
  • Mar 11, 2017 8:29pm Mar 11, 2017 8:29pm
Quoting Yob
Hi guys, price hit SL before turning to the target. Need to figure out better entry and SL. Did I mark the chart correctly? Thank you {image}
Check further left.

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  • #2,870
  • Mar 11, 2017 9:03pm Mar 11, 2017 9:03pm
Love the boxes.

Further left should be this?

Quoting staurum
Shantala, Price will tell. Our teacher's saying: "If something which should have been important got ignored, then it will be given great import on return."{image}
  • #2,871
  • Mar 12, 2017 5:56am Mar 12, 2017 5:56am
Quoting Fxyogi
{quote} Check further left. {image}
yep, these significant areas are easier to see if the trader goes up a couple time frames
Adriaaaaan
  • #2,872
  • Mar 12, 2017 12:30pm Mar 12, 2017 12:30pm
Quoting Fxyogi
{quote} Check further left. {image}
Thank you Fxyogi, i will try to digest your chart more.
  • #2,873
  • Mar 13, 2017 1:22am Mar 13, 2017 1:22am
XAUUSD QMed

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Simplicity Is The Ultimate Sophistication ~LDV~
  • #2,874
  • Mar 13, 2017 11:16am Mar 13, 2017 11:16am
Still reading on page 2
Is that like this?
Arrow=Engulfing
Box=Cant get more
Circle=FTR
Doesnt need trendline??
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RIP RTM
  • #2,875
  • Mar 13, 2017 11:32am Mar 13, 2017 11:32am
Quoting alterchristo
XAUUSD QMed {image}
My thoughts

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  • #2,876
  • Mar 13, 2017 11:30pm Mar 13, 2017 11:30pm
Quoting Fxyogi
1461616
Fxyogi,
I was just wondering why this attachment was taken out.
  • #2,877
  • Mar 13, 2017 11:45pm Mar 13, 2017 11:45pm
Quoting Enlightenme
{quote} Fxyogi, I was just wondering why this attachment was taken out.
I dont remember exactly. But i thing its a duplicate post so instead removing the post i removed the attachment by mistake. However if you are referring to 2014, that time i was a noob to this method. So insignificant the chart is . But if you start from my earlier charts you will travel the same path i travelled but in a quick way though.

And you will see you will end up in a new reality where everything unfolds. Therefore reading Ifmyante also should be not from the middle . It should be from the beginning like how you do . But need to give up certain ideas when they give up in their learning cycle.

Good luck.
  • #2,878
  • Mar 14, 2017 12:07am Mar 14, 2017 12:07am
Quoting pangolin
{quote} My thoughts {image}
Thats a Diamond FL. Very crucial play . If we can watch these fake and shake then every time we want to be with the mover by waiting to form diamond or QM. Nothing gives us satisfaction like waiting for a FO and taking the trade.

Attached Image (click to enlarge)
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  • #2,879
  • Mar 14, 2017 1:16am Mar 14, 2017 1:16am
Quoting Fxyogi
{quote} I dont remember exactly. But i thing its a duplicate post so instead removing the post i removed the attachment by mistake. However if you are referring to 2014, that time i was a noob to this method. So insignificant the chart is . But if you start from my earlier charts you will travel the same path i travelled but in a quick way though. And you will see you will end up in a new reality where everything unfolds. Therefore reading Ifmyante also should be not from the middle . It should be from the beginning like how you do . But need to...
Fxyogi, what do you mean by reading IFmyante from the middle? I actually went through IF's posts in this forum. I am currently stuck with PAZ and the scales which is why I'm looking into your posts and other seniors hoping I can find something.

I am just wondering. Is it possible to prioritize certain elements on this approach and get a decent balance (Like if it were a business, I'd invest on the best selling products)? I believe I still can't be profitable as you seniors, but being able to profit even just a little quite consistently would be encouraging.
  • #2,880
  • Mar 14, 2017 2:12am Mar 14, 2017 2:12am
Quoting Enlightenme
{quote} Fxyogi, what do you mean by reading IFmyante from the middle? I actually went through IF's posts in this forum. I am currently stuck with PAZ and the scales which is why I'm looking into your posts and other seniors hoping I can find something. I am just wondering. Is it possible to prioritize certain elements on this approach and get a decent balance (Like if it were a business, I'd invest on the best selling products)? I believe I still can't be profitable as you seniors, but being able to profit even just a little quite consistently would...
I'm not sure how old you are or what profession you are in. But i would encourage you to study Ifmyante(my one not important much as of now) charts from the forum he created as well or ask some of the people here to post collected charts for you. Read all his reply from RTM and all charts. After a while you will know which one to filter out .

What you are doing is correct. Certainly some people can take bits and pieces QM or DM and trade and still be profitable without full mechanics. But that's not enough for long term success.
If you know where to take the trade, you also should know where to get out also. or should know till where you can hold. Otherwise price movement may make you panic and end up in premature exit or loss.

Do some investment. Purchase FT3 and run the price what you know and mark where it failed. And assume the reason(hypothesis), and prove that hypothesis with more samples. Join the group who are only involved in this method.

This takes some time brother. Not all seniors are successful as you think. To see that clearly you need to be successful first.

I never thought much about PAZ, i take after eng of FL, and i exit after tg. Name has been given as PAZ. Name and form not much important. To understand scale you can focus on sizes.

Takes time.... Takes time.....ride it slowly...
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