The Market Makers Learning Hub

Hi Rufus

Thanks for re-appearing for your insightful post. I never got to experience Red live. Lucky you!!

Yep, I think you've nailed it. The psychology of trading is the big one. The only way to conquer that is by oneself. All the money spent in the world on courses isn't going to help with that one. Although you can even find people who will offer to help you out there as well for a fee.

Just one more for those who are looking for a little guidance without having to reach into your pocket. Red was a fan of Sam Seiden. I've watched most of his videos on Youtube. He runs courses as well but you can pretty much pick up the gist of what he's getting at by watching his videos. Another great resource!

Good luck all.

Hi pip, although a very big part is psychology like fear, greed, pressure, confidence is also a big part of psychology. You need to trust your style of trading and if you can find a mentor to teach you it will save a lot of pain and the money spent is simply the money you would lose fumbling through. (imho)
I have traded live before and it's a pressure I can do without but I'm happy to post charts when I can if I see something before it happens not after the fact, which is the same thing. I only posted the GY because I could see warren was getting in before Demand had been tested, as I post the price is up 160 points from that level. Finding those levels minimises risk, a key thing to remember is "let price come to you" but this again goes back to psychology and fear of missing the trade or itchy figures. (patience/discipline)

I was around for the back end of the PIE thread and it reminded me of think and grow rich by Napoleon Hill. There's a section in the book called "The power of the mastermind" this is when a few people on the same path come together and are unstoppable and that's what I remember thinking at the time. Red started it off then Kennyz and IF and a few others all clicked at the same time and the tread was really alive with ideas. In my opinion that's also how RTM grew it's not just IF like PIE wasn't just Red. RTM is a mix of Sam Seiden, Red, Steve W, IF and all the other contributors, I mean you can google "forex Diamond pattern" and get what you need for free but to have all that information in one place with an explanation of where you want to find it is worth the fee as new traders wouldn't know what to look for and how to piece it together.

Damn good point 'aus1way'. You've obviously been on a journey and have much wisdom to share. I'm sure people would love to see more of your charts and hear more from you.

I on the other hand have said too much already in this thread and shall retire for a while to let others have a go.

Nooooooooooooooo keep posting Pip you are only expressing your view and this thread (I hope) is all about learning together.

Another resource to consider is Steve W I think he has great insight and it is a one of fee not annual.

https://fxsanalytics.com/

https://www.youtube.com/user/NoBrainerTrades

Easy as always to see afterwards!

I got 60 points from these moves this morning, not shown on the TE. Not going to earn a living from £15!

I did not get to the PC to well after London, but could see that price was rising (late entry). The key area was already ENGULFED, and our lift from the floor PULLBACK.
Price has a habit of taking out an important high just by a point or Two, very controlled! My last buy had a TP up where the high was just made, because there is another DECISION POINT.

So however we explain it, price engulfs a decision point, pulls back to the last untouched decision point to then push through where the decision points were filled to the next untouched decision point. As per the chart.

Or

Price engulfs a flag into paz then pulls back to the last untouched flag, then pushes up through to the paz zone to the next untouched flag above. move complete!

Or

price reacts to demand, pushes up and consumes supply midway above, then pulls back to demand again and pushes up through to untouched supply above, which is our high of the day.

So it boils down to orders and where important decisions are made, when an area of importance is broken, the hunt for wholesale is underway. This could be the source (the high/low) where price come from. Unless there is a FLAG...ooops DECISION POINT part way up in the swing.

price goes from untouched decision point to untouched decision point moving from PAZ...ooops zone to zone.

That sounds easy, lets trade it! The part that makes profit or loss, in to early in to late. out to early out to late. Every trader will be different, your thought process and decision will be different than the next person. We all know that this underhanded manipulation takes place, seeing it after and trading LIVE are Two different things.

Bigwal

I'm taking a break from FF but i'll leave you with a nice looking EG chart.

Wow! Couldn't help myself after reading your last post 'bigwal' I think you have a lot to offer.

Why don't you turn this thread into a place which adheres to that original concept of 'traders helping traders.'

No egos, no commerce, just a community that attracts other like minded people prepared to give and receive in a courteous and constructive way.
A hard ask I know but then I think if that was the goal, good people like the ones we have heard from already would turn up.

All the best.

piphop

i totally agree piphop

Thoughts taken on board.

Let me think about this the weekend, i will speak to Twee about current format.

Bigwal.

Took some off. Letting rest run for a bit,

Hi, Bigwal,

DP- engul-Pull back, it seems work well for this buy. Also got TP set up on 4hr, can you please advise if it is realistic? The reason is shown on the attached chart.
It looks like TP area is also of a sell opportunity?

All comments are welcome.

turned out to be a loser for USD/CHF. but looking at sell opportunity, not sure if the chart reading is correct?

EUR/USD looks like a winner so far, the reason of entry was at the origin of move-down, the position was closed to make it a sure winner

This is a follow-up of USD/CHF for yesterday's chart, a winner.
But EUR/USD - price blew up right through the spot of interest

President Trump opened his mouth. He is a new wild card we will be dealing with in our trading.

Yes, Rufus, President Trump is indeed unpredictable.

GBP/USD chart reading, not sure if the reading is correct...
- low time frame shows supply above - it is not so good to take buy postion
- but higher time frame shows a possibility to move up further...

Thanks for all your comments

'Is it good to buy here?'

In my opinion no. The theory is that the main cause of these flip type zones are that traders are liquidating their negative positions when price comes back to them. So in the case of your chart, traders went short at your area of interest, then price has started to go against them. If the swing is really big like it is on your chart then sellers need a convincing move against them to make them feel they made the wrong decision to sell, not just a small move that may be a fake out.

If there wasnt that huge swing to the left that had just been marginally broken with supply above i then would consider taking your setup.

Remember if you are dealing with big swings then you should be waiting for big retracements and so on. Best way to see this is use a simulator and playback lots and lots of charts so you can see it happening over and over again.

Thanks for your insights, Johnrambo.

adu/usd turned out to be a winner at Asia open. still not sure what caused such a gap...