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ReadtheMarket - Supply and Demand with Price Action

  • #3,081
  • Apr 20, 2017 1:12am Apr 20, 2017 1:12am
Awcharts

Ifmyante certainly did not short this. You are taking this chart out of its context.
The original chart and the short were posted by a student asking why his short didn't work.

This chart is the correction by IF. He shows the important engulf missed by the trader.
And yes because of this engulf the correct trade was a long.
  • #3,082
  • Apr 20, 2017 8:23am Apr 20, 2017 8:23am
Quoting corsica
Awcharts Ifmyante certainly did not short this. You are taking this chart out of its context. The original chart and the short were posted by a student asking why his short didn't work. This chart is the correction by IF. He shows the important engulf missed by the trader. And yes because of this engulf the correct trade was a long.
Ok, thank you. that makes sense now. so, area 1 engulfed north, this is a sign to look for long trade. but since 2 engulfed south, but PA stopped and did not go further south beyond the blue box, its time to look for long and expect PA to go beyond the middle red box and likely reach the top red box.
  • #3,083
  • Apr 20, 2017 5:06pm Apr 20, 2017 5:06pm
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30.png Size: 41 KB


is this the reason EU shorted yesterday?
  • #3,084
  • Apr 21, 2017 1:21am Apr 21, 2017 1:21am
Quoting muzani
{image} is this the reason EU shorted yesterday?
Maybe this will shed some light...
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-04-21_9-07-13.png Size: 45 KB
  • #3,085
  • Apr 21, 2017 1:34am Apr 21, 2017 1:34am
Quoting awcharts
I have a simple question. I am studying every chart posted here. Here is an example of an engulf. IFmynate shorted here because engulfed area I circled #2? But the circled area #1 is engulfed north, is it not? could we interpret this and start looking for longs instead? {image}
...........................
Attached Image (click to enlarge)
Click to Enlarge Name: engulf (1).PNG Size: 544 KB
Meeee
  • #3,086
  • Apr 22, 2017 11:07pm Apr 22, 2017 11:07pm
Quoting Albergo
{quote} Maybe this will shed some light... {image}
awesome.. thanks
  • #3,087
  • Apr 24, 2017 8:04am Apr 24, 2017 8:04am
Hi all

I've just read through some of my PMs.
My status here disables me from replying to them all, so I'd like to thank here all the lovely people who took time to message me.

To one in particular, let me say that no, I haven't had vile messages sent to me. The people who write vile things about folk behind their backs are too cowardly to attack face to face
(yes, the next page will now perhaps be filled with trolls, but who really cares?!)

Anyway, thanks so much again for all your kindness
  • #3,088
  • Apr 25, 2017 6:54am Apr 25, 2017 6:54am
Attached Image (click to enlarge)
Click to Enlarge Name: 2017_04_25_19_52_54_AUD_USD_Mini.png Size: 94 KB


Already took half profit. SL shifted to break even. Maybe should adjust higher.
  • #3,089
  • Apr 25, 2017 10:23pm Apr 25, 2017 10:23pm
Is every flag has FTR?
I mean when I see on daily chart that the S/R broken then go up, there is no FTR on daily chart but on H1. Is it still reliable FTR?
RIP RTM
  • #3,090
  • Apr 26, 2017 3:10am Apr 26, 2017 3:10am
Quoting hendzwoter
Is every flag has FTR? I mean when I see on daily chart that the S/R broken then go up, there is no FTR on daily chart but on H1. Is it still reliable FTR?
There is a difference between a Flag and a FL. FL is what holds price... it is the limit of the flag.

Think of it this way... Every FL is an FTR but not all FTRs are FLs. And yes you might not see the FTR of a FL on the same TF as the FL, but we can safely assume that if there is a FL then it certainly has an FTR.

Here's something I put together.

Hope that helps.
Attached Image (click to enlarge)
Click to Enlarge Name: FL & FTR Mine.png Size: 80 KB
  • #3,091
  • Apr 26, 2017 4:01am Apr 26, 2017 4:01am
Thanks Albergo
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2017-04-26-16-00-27.png Size: 57 KB
RIP RTM
  • #3,092
  • Apr 26, 2017 4:05am Apr 26, 2017 4:05am
Quoting Albergo
{quote} There is a difference between a Flag and a FL. FL is what holds price... it is the limit of the flag. Think of it this way... Every FL is an FTR but not all FTRs are FLs. And yes you might not see the FTR of a FL on the same TF as the FL, but we can safely assume that if there is a FL then it certainly has an FTR. Here's something I put together. Hope that helps. {image}
Wery good Albergo
Meeee
  • #3,093
  • Apr 26, 2017 4:20am Apr 26, 2017 4:20am
So this the missing setup?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2017-04-26-16-18-43.png Size: 59 KB
RIP RTM
  • #3,094
  • Apr 26, 2017 4:36am Apr 26, 2017 4:36am
Quoting hendzwoter
Thanks Albergo {image}
Look again at the h1 chart...

In your daily chart, what is it exactly you are highlighting??? Take a deeper and longer look at it.
Attached Image (click to enlarge)
Click to Enlarge Name: EU MINE.png Size: 38 KB
  • #3,095
  • Apr 26, 2017 6:33am Apr 26, 2017 6:33am
Its hard to understand that.
In this chart I just highlight the FTR.
How about the FTR on top? Is it correct? Or already FO?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2017-04-26-18-30-59.png Size: 63 KB
RIP RTM
  • #3,096
  • Apr 26, 2017 9:09am Apr 26, 2017 9:09am
Im really curious now. How about my entry?
I hope this demo account makes me rich soon.
About 30 pips SL
Entry above FTR
SL below FTR
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2017-04-26-21-07-20.png Size: 57 KB
RIP RTM
  • #3,097
  • Apr 26, 2017 11:41am Apr 26, 2017 11:41am
Quoting hendzwoter
Im really curious now. How about my entry? I hope this demo account makes me rich soon. About 30 pips SL Entry above FTR SL below FTR {image}
Hendzwoter,

This method is not meant to be a 'get rich quick'one... You would be better off learning the material and taking it seriously if your intention is to get somewhere trading.

This FTR of yours, has it engulfed something important? If so what? Where? Show us your analysis as per RTM...

You want answers to your questions then you need to put in the work my friend and check your ego at door before sitting at your trading station... Just a friendly advice from someone who's been learning the ropes for a long long long time.
  • #3,098
  • Apr 26, 2017 11:54am Apr 26, 2017 11:54am
This my analysis Al,
Trying with micro lot.
Buying on FTR but engulf south and CP.
A quick trade, target on FTR above.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2017-04-26-23-50-57.png Size: 73 KB
RIP RTM
  • #3,099
  • Apr 26, 2017 12:24pm Apr 26, 2017 12:24pm
Um, with arrows.
Also I sold limit on target level with the SL above the FTR. (Is is safe?)
Its tonight on my place. I need sleep.
Good Night.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2017-04-27-00-21-34.png Size: 81 KB
RIP RTM
  • #3,100
  • Apr 27, 2017 12:55pm Apr 27, 2017 12:55pm
Quoting Albergo
{quote} There is a difference between a Flag and a FL. FL is what holds price... it is the limit of the flag. Think of it this way... Every FL is an FTR but not all FTRs are FLs. And yes you might not see the FTR of a FL on the same TF as the FL, but we can safely assume that if there is a FL then it certainly has an FTR. Here's something I put together. Hope that helps. {image}
Thank you for clarifying the distinctions, Albergo.
Would greatly appreciate further clarification on the distinguishing concepts. How do the three combined add to our edge in reading the market?

I must admit, I generally read Flags, FL's as RBR or DBD and often used Flags FTR and FL interchangeably.

Observing FL and FTR the FL appears to be the entire candle or group of candles Hi/Lo (in the case of a group of candles it can look like a little swing hi/lo), whereas the FTR only shares the distal hi or low (as the case may be and it's proximal is defined by the body (open/close)

Observing Flag on diagram it appears to define a larger swing Hi/Lo

Q.
1. Are we only looking for these Flags when they have broken a significant S/R ? ...and what or how do we use them to read the market?
2. Are some Flags similar to PAZ ? (something I never got round to understanding)

If I may venture with a practical example to study:
EurUsd:
Daily overview:
Attached Image (click to enlarge)
Click to Enlarge Name: EuroD-FL.png Size: 86 KB


H1 Flag study:
Attached Image (click to enlarge)
Click to Enlarge Name: EuroH1Flag study.png Size: 111 KB

All comments, clarifications & observations welcomed
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