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PrinceCharm replied Oct 7, 2019Transparency but nonetheless down she goes. image image
ReadtheMarket - Supply and Demand with Price Action
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PrinceCharm replied Oct 5, 2019I could write a novel as to why they don’t and myself included. It’s a bit disrespectful to expect someone whose put hundreds to thousands of hours into exploiting a trillion dollar market all to just hand over the keys to others. It is mentally ...
ReadtheMarket - Supply and Demand with Price Action
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PrinceCharm replied Oct 3, 2019Got a little confused on your question but this is a touch trade with the confirmation of an engulf. Trading is only acceptable when PA is present, otherwise good luck with market misdirection. I have provided levels in which the move originated ...
ReadtheMarket - Supply and Demand with Price Action
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PrinceCharm replied Oct 2, 2019AUDNZD Update. Currently @ 1:40R 1200% gain...
ReadtheMarket - Supply and Demand with Price Action
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PrinceCharm replied Oct 2, 2019It’s that simple don’t over complicate it. I’ve been repeating myself as well as selfcontrol over and over again. Order Flow is what truly moves price, not supply and demand as retail traders believe it to be. Furthermore, when all of this makes ...
ReadtheMarket - Supply and Demand with Price Action
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PrinceCharm replied Oct 2, 2019Yes exactly, the purpose of going to M1 is seeing the order flow in its truest form. Additionally, you also really increase the RR tenfold. I used to be focused on the pips but that doesn’t equate to RR. However if your risk management is in check ...
ReadtheMarket - Supply and Demand with Price Action
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PrinceCharm replied Oct 1, 2019PA is the same across every timeframe from Monthly all the way down to M1. However, the targets change depending on the scale you’re trading in so ultimately no difference in the scales. Although holding those trades to the next zone even after PA ...
ReadtheMarket - Supply and Demand with Price Action
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PrinceCharm replied Oct 1, 2019You are on the right track. If you are able to firmly understand scales then that will also answer your question. You’re going to have to train your eyes to decipher the footprints on smaller scales. The lower you go in scales the more information ...
ReadtheMarket - Supply and Demand with Price Action
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PrinceCharm replied Sep 30, 2019Sure. Order Flow is to ITs as Supply and Demand is to Retail Traders. Order Flow is what the larger financial institutions use to analyze positions. Now of course, they use order flow books to see where everyone’s orders are. So essentially this is ...
ReadtheMarket - Supply and Demand with Price Action
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PrinceCharm replied Sep 30, 2019No problem at all I’m just trying to give back to the community in an efficient way of learning. Funny you mention that because I was one of many that silently observed for a while. I’ve been through countless charts asking myself “what the hell ...
ReadtheMarket - Supply and Demand with Price Action
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PrinceCharm replied Sep 29, 2019I’m not sure if any of these charts are helping those out there in need. I’m itching to show you all the “magic” but you must think! For a better understanding, the following are fundamentals that one should know before any of this starts to make ...
ReadtheMarket - Supply and Demand with Price Action
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PrinceCharm replied Sep 27, 2019Thank you, I’m just doing what I can with what I have. It’s not easy mentally but stay consistent and anyone may prevail.
ReadtheMarket - Supply and Demand with Price Action
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PrinceCharm replied Sep 22, 2019Not necessarily a pattern because sometimes PA will look totally random if you’re not familiar with reading it. It’s a matter of training your eyes to acknowledge what price is doing. I won’t go into great detail but some of the FTRs that you have ...
ReadtheMarket - Supply and Demand with Price Action
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PrinceCharm replied Sep 22, 2019It took me 2 years to get to this level of understanding, it’s not a race so take your time. There are certain components one must understand firmly before reading price starts to become second nature. If that particular criteria isn’t met then ...
ReadtheMarket - Supply and Demand with Price Action
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PrinceCharm replied Sep 21, 2019In the grand scheme of things that is what it means essentially. Also, regarding where to spot PA for analysis think about this for a second. Let’s say you see it on Daily, you can trade it specifically on Daily because that’s where it occurred. So ...
ReadtheMarket - Supply and Demand with Price Action
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PrinceCharm replied Sep 18, 2019What exactly do you mean by important color? Also so there were still some clean orders left in that zone. However I wouldn’t call it a true reversal because price ultimately was still headed down. This was a prime example of counter trend like I ...
ReadtheMarket - Supply and Demand with Price Action
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PrinceCharm replied Sep 17, 2019Really fine tuning and putting emphasis on these zones. This happens over and over again. image
ReadtheMarket - Supply and Demand with Price Action
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PrinceCharm replied Sep 17, 2019Since the market is a controlled environment you must realize nothing happens by “accident” or “chance.” With that being said you guys have to understand “who” creates liquidity and how the ITs use it to their advantage to get their orders filled. ...
ReadtheMarket - Supply and Demand with Price Action