Eurchf today, i screwed up 2 trades. image image image

ReadtheMarket - Supply and Demand with Price Action

I missed my TP on UCad and closed GU half than planned. UCad image image GU image image

ReadtheMarket - Supply and Demand with Price Action

i missed 2 trades today AUDJPY M5 image AUDJPY M1 image EURJPY M5 image EURJPY M1 image my target seems to be too early. sorry if my markings seems off or wrong, or even if i had a completely wrong reason for these trades. by the way, TJ, ...

ReadtheMarket - Supply and Demand with Price Action

i will, as soon as i get to my computer. been charting from phone lately.

ReadtheMarket - Supply and Demand with Price Action

MT4 doesnt have tick charts though. What platform do you use?

ReadtheMarket - Supply and Demand with Price Action

What do you mean rectangle on ask price? In this case they play the FL right? So i think my analysis was correct but they chose to play the FL. Okay, cant get them all of course EDIT: apparently there is a CP you marked there. Sorry the blue color ...

ReadtheMarket - Supply and Demand with Price Action

Can anyone point out why price turned at the green Fl and not on the LSK? image image

ReadtheMarket - Supply and Demand with Price Action

thanks, TJ! benadil, thanks for your explanation. it seems like i confused QM with LSK. i will try to find more setups like these.

ReadtheMarket - Supply and Demand with Price Action

morning all, there is a usdchf trade i took late night, but it missed my target by 0.6 pips. image image image

ReadtheMarket - Supply and Demand with Price Action

The engulf is on the green arrow, and my target is the green FL inside H1 FL (thick red FL) would have been hit now. Im not sure if this one is a lucky shot or if i actually got the analysis correct, but i paper-traded it just to see what would ...

ReadtheMarket - Supply and Demand with Price Action

Okay benadil. I will try to post it with top down approach. There is another trade i didnt enter. A lot of clear setups today, if only everyday could be like this lol. H1 image M15 image M1 image

ReadtheMarket - Supply and Demand with Price Action

I got scared and placed my TP too early. image image

ReadtheMarket - Supply and Demand with Price Action

So the reason was like this. I think it was similar to your USDCAD trade that you posted before; LTF FL inside HTF FL got engulfed and entry at MPL. I might be mistaken apparently. On this trade i should have entered at MPL to wait for FO. image

ReadtheMarket - Supply and Demand with Price Action

Enverkoca, Yeah i should have put my SL above the whole zone. But i saw people like mertch and Selfcontrol using only the QM zone. Of course my knowledge is far from theirs, but i am trying to learn taking only the small QM zone like they do. Thanks ...

ReadtheMarket - Supply and Demand with Price Action

Fxyogi, I think there is a similar setup just now. what do you think? i was stopped out by the FO. image image

ReadtheMarket - Supply and Demand with Price Action

Hi Fxyogi, thank you for the detailed explanation. i have a few question if you dont mind answering. thanks! image

ReadtheMarket - Supply and Demand with Price Action

ah alright. this concept is something new for me. never looked at scaling this way before. thanks TJ, i learnt a lot from your posts!

ReadtheMarket - Supply and Demand with Price Action

Is this scenario always happen after an engulf of an FL?

ReadtheMarket - Supply and Demand with Price Action

maybe this is what you mean by trading the head and use QM traders to take their stops? image

ReadtheMarket - Supply and Demand with Price Action

thanks a lot brother! do you take all of your trades based on this?

ReadtheMarket - Supply and Demand with Price Action