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ReadtheMarket - Supply and Demand with Price Action

  • #3,041
  • Apr 8, 2017 8:45am Apr 8, 2017 8:45am
I would like to share my views on UJ based on the RTM methods learned through FF. I would appreciate any comment. Lets see.

UJ daily:
Attached Image (click to enlarge)
Click to Enlarge Name: uj_daily.jpg Size: 251 KB


Here we see blue FL engulfed(Important FL if price wants to go down). Price wants the pink target below. It can rally up to the source of the engulf, which is the stacked supply / QM levels. Maybe even FO to the FTR origin of the move down(which is not shown in the picture, because I don't think it will reach there). That would be dream PA.

UJ 1h:

Attached Image (click to enlarge)
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Blue line is the important FL that is engulfed. Red rectangle is the possible FL after the break of the blue FL. It is not yet defined as price may retrace up, thus making it an engulf only. If that red rectangle breaks upwards, no trades till the supply/QM levels at the daily chart. (Even than expecting a possible FO to origin). I marked the red rectangle because price may not break this red rectangle, instead consolidate and move down. Will have to watch PA.

UJ 15min:
Attached Image (click to enlarge)
Click to Enlarge Name: uj15m.jpg Size: 237 KB

We see the intent of the price to go down with the engulf down marked. It is not a fakeout, as there were no better orders left for it to FO to. It was a signal. That is the reason I drew the big red rectangle that formed after breaking the blue FL early. This shows that bears are strong and price may not deeply retrace to the origin of the move(QM/Supply Levels at the daily chart), make a small retracement up to the 15 min flag and go down.
That would make the big red rectangle a valid FL

Please comment and share your ideas.

(First time posting charts here, excuse any mistakes.)
  • #3,042
  • Edited 9:42am Apr 8, 2017 9:18am | Edited 9:42am
Quoting enverkoca
{quote} what is the rule of marking a flags?
Forgive me because I'm new but all I can say is look at the chart Albergo sent me real carefully.
He marked the first FL (up to the left in blue) between the High and Low of that compressed zone.
The importat thing after is to look at the engulfing and expect the FTR to mark the other FL between the high (FTR) and the Low (engulfing). The FL changed due to the FO before it reached the FTR.
From what I saw it is also very important to mark the CP to see how price reacts when coming back to that zone. Has Albergo said "important areas of supply/demand"

Once you understand these it will be easier to see it on the way up.
Mark the flag that was engulfed, mark the flag between the high (engulfing) and the low (FTR). Mark the CP...
If you want to be more precise in marking some flags (for example the FTR or CP) just go to LTF to see it clearer.

Once I got it, tried to mark in different TF and it was very interesting to see how price reacted to CP and went back to the origin of the move.

Please forgive me if I said something wrong and hope the senior ones will correct me.
  • #3,043
  • Apr 8, 2017 1:52pm Apr 8, 2017 1:52pm
Quoting Kanzler
{quote} And how much money have you made? Anybody defending this scam owes the public results, not more of the modus operandi of dismissal and excuses where victims are blamed. My demand is simple. I want RTM to stick to their promise and show us the money. Its the least that could be done after breaking every other promise they ever made. IF promised a free resource. A ladder to success. It morphed in planned stages to first a buy in academy and now a paywall since traffic is high enough. We've been had mate. IF has proven that he is a liar.
There is a huge gap between good analyst and a good trader. With a great respect to all present here - I would like to call IF an analyst (he doesnt trade, he likes to solve riddles, not to experience the heat of the market, likes to teach people how to understand the markets, and so on...) hovever I see him as a brilliant analyst who once fiigured out the "mechanics of the markets" and more or less lost interest, because there is no riddle anymore. Personally for me it is perfectly OK, I have heard that coach of Tiger Woods doesnt play golf. It is OK.

For example compare IF's thread (with hundreds of detailed explanations) here with Red's - Red was a full time "trader to the bone", he doesnt like discussions and every day there was a constant flow of positions, positions, positions...

So I would like to repeat - I consider IF as a brilliant analyst, and this also means that I would not demand a statement from him, and alsso (unfortunately) from his students. Yes, I believe that IF can teach people to understand the market (ot at last some profitable setups) but (with all respect and friendliness on my side) he cant teach people how to trade: how to overcome emotions, stress, how to whitstand (not sure this word) the heat of the market, how to be a disciplined "employee" here, hos to securely increase volume of position without increasing stress, etc, etc, etc... .

To sum this too long post I would like to add that to become a trader you must solve two riddles, not only one, you can understand the market - but you will not be able to trade (big positions) because your psyche will not allow you to do so. And IF brillantly solved the riddle of the markets, the riddle of the mind remained unsolved. And let me repeat this again - I consider him one of the best, if not "the best" analysts I know. So I would like you to change your red signature because its inapropriate. Thank you.
  • #3,044
  • Edited 6:43pm Apr 8, 2017 5:58pm | Edited 6:43pm
I use to think I had issues because I loved marking up charts planning scenarios etc. but hated entering,managing and exiting. I am a analyst in my day job have been for years, outside the markets. There s something about the markets I find intriguing. Just like undertaking my usual analytical work. However, I actually despise the markets and the free market fallacy. But I love the analytical work. Quite the conundrum

Some people find it so difficult to understand there are people out there who actually despise being in and out of positions. IF is the greatest analyst I have ever known. I also consider him a friend. I love that he never gets excited about his positions. IF does trade! But they have to be the very best setups.

I know for a fact that I am not a trader in my heart. But its the analytical side, drawing inferences and scenario analysis I love.

You will typically find that the ones who love the analysis and riddles do not actually enjoy the 'trading' proper'. Many who need to trade all the time often are no different to the gambler.

Im only speaking for myself and we are all different
Bye Bye FF
  • #3,045
  • Apr 9, 2017 10:29am Apr 9, 2017 10:29am
Quoting RickFX
{quote} First time uploading a chart. Don't know how it will look like Could you please explain the 1 and 2 interrogations. Thanks. {image}
Here is my view:
Attached Image (click to enlarge)
Click to Enlarge Name: GU30.jpg Size: 228 KB


Quoting Albergo
{quote} Here is my view... Keep in mind that the edges of CP are important areas of supply/demand. Very often they will be defended on FTB; however when the first zone in a cp breaks with follow-through, that decision to break becomes important. {image}
Beautiful chart Albergo. Hope to see more of your charts.
  • #3,046
  • Apr 10, 2017 5:44am Apr 10, 2017 5:44am
Quoting enverkoca
{quote} what is the rule of marking a flags?
Hi there,

In a nutshell, FLs are decisions and a shift of power. They wrap themselves around important SR, other FLs, FTRs and DBRs/RBDs.
  • #3,047
  • Apr 10, 2017 6:55am Apr 10, 2017 6:55am
An example (I hope If doesn't mind)
Attached Image(s) (click to enlarge)
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  • #3,048
  • Apr 10, 2017 9:57am Apr 10, 2017 9:57am
Quoting Albergo
An example (I hope If doesn't mind) {image} {image} {image} {image} {image}
Albergo, my question unskillfuly drawn on chart:
Attached Image (click to enlarge)
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  • #3,049
  • Apr 10, 2017 10:17am Apr 10, 2017 10:17am
Quoting zamiel
{quote} Albergo, my question unskillfuly drawn on chart: {image}

Hey buddy,

Keep in mind that I'm no pro.

That is just how I interpret RTM.
Attached Image (click to enlarge)
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  • #3,050
  • Apr 10, 2017 10:45am Apr 10, 2017 10:45am
Kindly find attached a live example of the above

Note: the fls shown are h1
Attached Image (click to enlarge)
Click to Enlarge Name: DAX FTR OF FL EXAMPLE.png Size: 25 KB
  • #3,051
  • Apr 10, 2017 10:59am Apr 10, 2017 10:59am
you are pointing a branch among hundreds of branches of a tree asking if that is a branch

they are all FLs,

when price comes back to them, you simply have to deal with them one after another. that's it.

but there are of coz difference in their importance, that'll take lots of exercise and reflection to tell ---- i don't know that.

Quoting zamiel
{quote} Albergo, my question unskillfuly drawn on chart: {image}
  • #3,052
  • Apr 10, 2017 1:27pm Apr 10, 2017 1:27pm
Quoting zamiel
{quote} Albergo, my question unskillfuly drawn on chart: {image}

Attached Image (click to enlarge)
Click to Enlarge Name: FlagLimit.JPG Size: 89 KB
  • #3,053
  • Apr 10, 2017 4:56pm Apr 10, 2017 4:56pm
Thanks everyone for their help! (aus1way, charvo, albergo)

Quoting charvo
you are pointing a branch among hundreds of branches of a tree asking if that is a branch they are all FLs, when price comes back to them, you simply have to deal with them one after another. that's it. but there are of coz difference in their importance, that'll take lots of exercise and reflection to tell ---- i don't know that. {quote}
That was my opinion as well.
  • #3,054
  • Apr 10, 2017 5:37pm Apr 10, 2017 5:37pm
EU Setup:
Attached Image (click to enlarge)
Click to Enlarge Name: Eu trade setup.jpg Size: 170 KB


Price engulfed intermediate red FL, Possible long if it retraces to origin of the engul or ftr. Clear target above.

Comments are appreciated.
  • #3,055
  • Apr 10, 2017 6:07pm Apr 10, 2017 6:07pm
Live example of my question above:
(Excuse the mess, just focus on the red FLs at the right)

Attached Image (click to enlarge)
Click to Enlarge Name: FL question live.jpg Size: 219 KB


Which one would you guys choose as the new FL formation after the break of blue FL? Big or small red FL ? Guess Albergo would choose the big one.
  • #3,056
  • Apr 11, 2017 3:51am Apr 11, 2017 3:51am
Quoting zamiel
Live example of my question above: (Excuse the mess, just focus on the red FLs at the right) {image} Which one would you guys choose as the new FL formation after the break of blue FL? Big or small red FL ? Guess Albergo would choose the big one.
Well that depends really what's on the left. If always says to look in from the HTFs down. Pick a pair and analyse starting with monthly all the way down to M1.

That is really what gave me a huge boost in understanding RTM.

Cheers
  • #3,057
  • Apr 11, 2017 12:23pm Apr 11, 2017 12:23pm
if i cant afford the 475 fee.
i got to work hard.
Attached Image(s) (click to enlarge)
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  • #3,058
  • Apr 12, 2017 4:22am Apr 12, 2017 4:22am
Hi Guys, Another lurker here. Hope the experienced members can give me their comments on my first chart here on FF? Thanks!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDmicroH1.png Size: 49 KB
  • #3,059
  • Apr 12, 2017 5:15am Apr 12, 2017 5:15am
Quoting zamiel
EU Setup: {image} Price engulfed intermediate red FL, Possible long if it retraces to origin of the engul or ftr. Clear target above. Comments are appreciated.
Target got hit. Thanks IF and all masters here helping.
  • #3,060
  • Apr 12, 2017 5:38am Apr 12, 2017 5:38am
Quoting redzafahmy
Hi Guys, Another lurker here. Hope the experienced members can give me their comments on my first chart here on FF? Thanks!{image}
GU. After suffering it reached target.
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