Price Reading

Price Reading Main

Price Action

Past
· Supply and Demand
· Support and Resistance
· PAZ - Price Action Zones
· Caps on Price - RBD/DBR *
· Flag Limits - DBD/RBR *
· Fail to Return - FTR


Approach
- Compression *
- 3 Drive
- Momentum In
- Stacked Orders/Zones
- BSZ




Reaction
· Engulf
· Quasimodo *
· Diamond *
· The CanCan *








https://readthemarket.com/index.php/en/forum/journals/2568-z-journal?limitstart=0#64300

(IF) We've got to be very careful about curve fitting low scale levels into explanations of higher scale

moves, as this can skew our overall understanding of price dynamics




https://readthemarket.com/index.php/en/forum/journals/1523-if?start=2700#64466

As I see it, when they're approaching the line they're told to turn price on, they'll be doing all they
can to go flat and reverse.

There is no potential loss, as their bosses are the people who create every currency on the planet,
bar three, out of thin air, giving them an unlimited budget for their manipulations.
This unlimited budget also allows them to keep any level they like unbroken



https://readthemarket.com/index.php/en/forum/journals/1523-if?start=2850#66093
E:Here is the thing. It will never be completely mechanical. There will always be subjectivity with our analysis. Until we can program the greatest algo on earth to work in unison with the IT black box's we have to understand that its art as well as science. We need to try and stay consistent. For me I have a complete strategy based on inferences I have made based on IFs teachings. Training my eyes to see the order-flow/manipulation really helped. Opening a chart and just seeing the clusters of different behavior really helped me.

Comments

Post a Comment

Popular posts from this blog

Whipsaw Engulfing

Image
Whipsaw Engulfing [Bearish Whipsaw Engulfing] 1. Cluster (where supply and demand are balanced) near supply.  2. Cluster resolves north and becomes demand. Many novice breakout traders go long without knowing that they are going right into supply.  3. Cluster is engulfed south by big sellers in supply. Ignored cluster now becomes supply.  4. Need to go short when/if price retraces to cluster. You may find DBD in Sell Zone in lower timeframe to refine your short entry. 
Read more

THE FAKEOUT

Image
THE FAKEOUT For a better understanding of liquidity please refer to the   Order Flow   and Liquidity Gap   articles. What is a Fakeout? Fakeout is also known as False Breakout, Shakeout, Sellers/Buyers/Bull/Bear Trap, Stop Run, Stop Hunt and Liquidity Spike. It’s a search of liquidity followed by a change in direction. Why does it happen? There are different scenarios and situations of why it happens. However, the main reason behind it is to create liquidity in an illiquid market - by big funds, to test a level’s strength. To elaborate more on that, a short example is required: Let’s say price of a financial instrument is rising to a value of significant history at 100 (resistance level) where the majority of traders will either buy a breakout with stops below 100 or sell on rebound with stops above 100. The price moves higher to 105 triggering on its way seller’s stops and buyer’s orders, but price doesn’t get any higher...
Read more

Bull/Bear Trap

Image
Bull/Bear Trap When a support level such as a swing low or a trendline is breached, the market often attracts fresh interest from buyers and sellers. The buy low crowd come in looking for value at previously cheap levels, while the breakout following crowd sell the breakout looking for an extension of the decline. If the downside break fails to see follow-through selling, frustrated short sellers cover their positions bidding the market up creating a whipsaw. The market advance is exacerbated by the 'wait and see' crowd who come in after most of the cards have been played.  Some examples of the Bull and Bear Trap :
Read more