ReadtheMarket - Supply and Demand with Price Action

This UJ trade is a direct application of the QM class, so yes it's worth it.
You can see that all three exits are at places where price reacted. For the second exit, I thought about reversing until 110.90 and then reversing again till final target, but chose the conservative way; which, I think, is more doable and beneficial in the long run. Price turned there, as expected, regardless.
You can also see a couple of stupid trades before the nice one, too.

thank you for this thread, it is changing the way i approach trading. right now I am have a hard time finding targets. This chart is pound vs. us dollar and I see qm level but where is target. shouldn't it be at the other qm below? i made a circle there but market did not drop far enough.

I just created this account to thank you IF. I finished the thread from beginning to the end for the second time. I took notes and saved everything I saw as important. My gratitudes to IF and to other contributers. This changed my view of markets completely. Even in this ff thread, there are wealth of info. Again thanks for sharing this with us.

I will post some charts if this thread is still active.

dont wanna pollute but found another quasimodo. so many its confusing. Which one to pick? The best quaisimodo is probably one that forms in a flag limit so there isn't a diamond. Isn't a diamond just a failed/ignored qm?

Yes the diamond forms when the QM is ignored or used up. But the pattern itself is worthless unless you know where to expect it. What does the pattern mean? who are being trapped? whats their objective or TG? QMs Diamonds CanCans and everything are only labels. Its the rationale which is important

You should pick conservative targets, or maybe scale out at a conservative tg first. I have used your pic. You could use the kink at QM level for sizing the trade. This would still be between 4-7R to first target, depending on SL used (could be tighter, upon ltf structure analysis of kink). First TG could be pink QM before large blue flag.

I prefer the ones that are visible in more timeframes and ones where price didn't spend too much time there after their creation. Also, ones where stops are building at that level (ie swing highs below a QM for a short) and where clean orders reside.

Another great concept I learnt from IF, pre-cp. That was good for 11R.

thanks for help everyone. whats precp?

is that supply/demand right before compression/lots of wicks?

lots of abbreviations on here. is there a place where i can real what they mean?

Small FL inside big one in where 2 QM overlapping. What more.

I see... even these can be broken up into smaller.
Thanks, Yogi.

No prob Bro.

just a part of whole puzzle.

Best music for trading.at least for me.

https://www.youtube.com/watch?v=BHCc3x4QTtA

Thanks to IF, FXyogi and everyone else contributing to this thread and the former open RTM community. No one else has been able to make me put less - to almost no - emphasis on my line work (pitchfork + A/R), harmonics etc. That alone is a pretty big thing for me. Sadly I only discovered RTM some six months ago and ended up postponing my study till the very last minute. Meaning it was pretty much closed when I started to figure the basic things out (no hard feelings IF. I understand). Please keep this thread alive. It helped me a lot and it will continue to help the few who are willing to put in the work.

I was wondering if this would be a somewhat correct (simple) read on the DAX 15 min today?

https://www.tradingview.com/x/jICBKy9p/

Some of our members took the same trade without talking to each other. I'm proud to see they understood the same! TP some

Hi IFMYANTE.
Out of all Africa, only 2 (ZAMBIA, SOUTH AFRICA) pay more then 4 time the value others pay.

Is it possible to give fair amount at your product to all Africa? because we are also strugling, just like others.
Kind regard.

Choolwe,

What ever Tier structure they implemented, it would always seem unfair to some.

I don't want to sound cruel, but airing such grievances here will not do much to promote your case. I think we need to keep in mind that RTM has given so much and now, it still offers deep discounts.

When I enrolled at the last RTMA course, it was from money that I had saved and put aside over a period of time. Im sure some will flame me here, but I am of the view the current membership pricepoint is way to low. This view goes against my own self interest of course, because I would have to pay more in the future. But I am calling it, for how I see it.

We all need to get out of this WSO Millions for a front end price of $4.99 mentality. It sucks that such income discrepancies exist in the world, and hopefully one day that gap can be narrowed but I cant see how they will ever please everyone with shifting membership pricing, as everyone would be making claims they are worse off than others

All the best

P.S - To those who will accuse me of selling on behalf of RTM. I do not make any commissions, I am only a student.

Hi all,

can someone from RTM delete "Tinkerbelle's Magic (https://readthemarket.com/index.php/en/181-english-lightblog/560-tinkerbelle-s)" article from RTM web please? Thank you. I would really appreciate not to be use as any kind of commerce especially when no one asked me. I shared my opinion to help others couse at that time people were talking sh*t and arguing most of the time. Thank you.

To PMs:

Yes, I am still trading and trading the same way.
I have loses but i keep them small and leting partial profits run. (one of the keys to succes imo)
I pretty much trading same as is describe in "A really "Golden" trade (https://readthemarket.com/index.php/en/181-english-lightblog/559-a-really-golden-trade)" article/screenshot (mark Q levels on HTF and then trade Q pattern/or TT on LTF there)
I added a few things/rules of my own mainly to filter some trades.

PS: When iam reading this it sound and look like commerce lol.. Iam not part of "new" RTM. Never bought any course or anything and to be hones all u need is free just google for quassimodo pattern, nose pattern, under above pattern, or even some kinds of H&S .. all the same sh*t different names... its all about PA that is printing in the right place. think about it.. and please dont send anymore PMs. i said everything i wanted to say. thx.

If Head of QM didnt react to flag, then we can wait for diamond. It is all about the Head.....dont watch only left shoulder.

Can enybody find this in the chart? Lets do some homework here.
Leta find a FL and QM.

who is trading eurusd?