Humility and patience.

What is the most important trait a trader must have?

Hope you don't mind me piping in. The zone is so far back, I had to look at my 1 min futures chart... image

ReadtheMarket - Supply and Demand with Price Action

Many thanks, JSR. I get it now.

ReadtheMarket - Supply and Demand with Price Action

Got a link to where it actually states that?

ReadtheMarket - Supply and Demand with Price Action

IMHO, this is getting needlessly confusing. Surely it is a fakeout because price didn't continue and gave no opportunity for shorts to exit. An engulf to me, would mean a break of a level and some follow-through.

ReadtheMarket - Supply and Demand with Price Action

Guessing you were looking at this on the 1 min: image

ReadtheMarket - Supply and Demand with Price Action

image image

ReadtheMarket - Supply and Demand with Price Action

Here's my take on the EURUSD question: image image image

ReadtheMarket - Supply and Demand with Price Action

I hate to say it, but unfortunately most of the retail traders on Forex Factory! Saying that, I believe this thread and RTM are a very good place to rectify that.

ReadtheMarket - Supply and Demand with Price Action

That may be so, but as I've seen IF mention many times... the ITs drive price to target retail traders stops and confuse them. They need liquidity going the wrong way in order to enter their trades. My best trades have always been the ones that ...

ReadtheMarket - Supply and Demand with Price Action

So true though. Someone has to lose in order to win.

ReadtheMarket - Supply and Demand with Price Action

Yep, I tend to look at it the same, but not always correctly! The stacked zones bring me back to my Sam Seiden days. But what intrigues me most is the stuff he left out that RTM covers.... the flag limits, engulfing, etc.

ReadtheMarket - Supply and Demand with Price Action

Hi Lupy, thanks for the reply. There was an engulf of 1hr resistance on the 30th June and then this little flag limit was visible on the 5 min at the level you draw your box. Certainly looks like it reacted off that. So I think you are saying I ...

ReadtheMarket - Supply and Demand with Price Action

Hi all I have a question for all you RTM experts. This is a chart of the cable future, so prices slightly different to the GBPUSD pair: image There was an engulf of a messy level (shown in blue) which I thought would have given way to supply ...

ReadtheMarket - Supply and Demand with Price Action

Mathematically? yes, if your trading is consistent. Psychologically? depends entirely on you. Are there people that makes those kind of returns? yes, but they hardly ever come on these forums. As a side note...there is no Holy Grail, just years of ...

Is it possible to earn 30% per month consistently for 4 years?

Try it on the 5 min timeframe

Fail Better

Yes, I took that one too!

Fail Better

EURJPY — Had to post this one. Resistance level and SFP on the daily. Bounce on the 1hr. Ignore the arrow, it's not meant to be there. It's a red herring for those who don't know the secret method image

Fail Better

Thought I'd post a couple of shorts I took on kiwi today. First was an SFP, or is that a SPF? Second was a standard swing point break and retest. Finding kiwi behaving much nicer than euro recently.

Fail Better