Now can you imagine placing a pending order to buy or sell at some of these levels...Especially when one takes into account
the ADR...the ADR of the session...Momentum/MAs TIME/BALANCE....etc etc.. etc... This is part of the reason why for example I have many entries
and exits within a fraction of a pip of highs and lows.
AND THIS IS ONLY POSSIBLE AFTER I OPENED UP MY EYES AND MINDSET TO THE PSYCHOLOGY OF THE MM.
ALL CREDIT TO GEORGE !!!!
Now can you imagine trading into and away from these levels ? Completely doable....And quite a smart way to say get in early on
some of these uhmmmm "trends" hahaha... Selling that top at 146.508 ? Possible ? Well i know a few people that sold it
4hr and D "Trend" trades with entries off of the 1M chart and TMAs combined with these "Liquidity Gaps" and other MM levels....
All possible with experience.....
All possible when one becomes boundless as George has shown over and over to several of us....
And honestly even much more than is even being discussed here....
Reviewed by Will Kenton
Updated Feb 27, 2018
What is Liquidity Gap
Liquidity gap is a term used in several types of financial situation to describe a discrepancy or mismatch in the supply or demand for a security or the maturity dates of securities. Banks deal with liquidity risks and potential liquidity gaps to the extent that they need to make sure they have enough cash on hand at all times to meet requests for funds. When the maturity of assets and liabilities differ, or there is larger than expected demand for funds, the bank might experience a shortage of cash and therefore a liquidity gap.
BREAKING DOWN Liquidity Gap
A firm may also experience a liquidity gap when they do not have enough cash on hand to meet operational needs and they have assets and liabilities maturing at different times. Liquidity gaps can also occur in the markets when there is an insufficient number of investors to take the opposite side of a trade and people looking to sell their securities are unable to do so.
For banks, the liquidity gap can change over the course of the day as deposits and withdrawals are made. This means that the liquidity gap is more of a quick snapshot of a firm's risk, rather than a figure that can be worked over for a long period of time. To compare periods of time banks, calculate the marginal gap, which is the difference between gaps of different periods.
During the early months of the global financial crisis, some bond and structured product investors found they could not sell their investments. There was a liquidity gap in that there weren't parties that were willing to take the other side of the trade and purchase the securities at depressed prices. This lack of liquidity caused markets in some securities to dry up for several weeks.
I get that hidden or liquidity gaps occur when there are unfilled orders that remain to be transacted.
What is the underlying basis of a "price gap"? Since these do not necessarily get filled then I assume they don't represent unfilled orders. Does a price gap reflect a true change in a currency's value -- e.g. due to some economic or political event? Or do you also consider them another one of the MM's manipulations and, if so, how does the MM benefit?
I keep some things proprietary -- both here (e.g. not sharing source code) and also with my business. So, I respect the line between what people are willing to share publicly and what they prefer not to share.
The direction, momentum and level you refer to are a nice way of breaking down a price chart. MM manipulation certainly affects price. As to whether or not it also addresses direction -- from what I've seen so far I'd say that it sometimes does (e.g. filling a liquidity gap) and sometimes doesn't (e.g. when you're not sure which target level will be taken out next). This is all good stuff. Slowly, slowly more and more seems to be coming together...
ice work Brother.
From programming side, perhaps lines shading, measure, type choices will be extraordinary and furthermore one of a kind string names for that, so when de-init we could do explicit get out and not erase all articles in dynamic graph.
where I said I did not ?
For illustrative purposes I used a 15M chart to show a point. And to CHERRY PICK an EXAMPLE showing
the PRECISENESS OF THE MM .
I take all my entries off the 1M chart.... and not solely based on
these levels shown.
I also use the 1hr and 4hr in conjuction with 15M and 1M
there are many filters involved,,Read Georges thread is my best advice to you.
Again ADR Time and Balance are major factors in deciding in what levels or gaps are traded.
Momentum and Balance of price. ALL CORRELATED with the 1HR and 4HR
Perhaps if you understood what these filters are then you would see.
But you can read what you want into it.. Not a problem its all part of the learning process.
Appreciate the question...
If you search on MQL Community, you will find this indicator both for MT4 and MT5 updated in 2016 while the original created in 2008. So this is an old indicator.
and the term Wide Range Bars, represent old term, because western world use bar charts instead of candlestick charts, before Steve Nisson introducing the Japanese Candlestick chart to the western world.
Wish You All The Best and keep smiling.
But the two I marked in green were on your chart, and the two I marked in red were not (among others) and I was curious why.
Thanks for your reply!
Again -- thank you for your help.
But let's say I'm not alone in my uncertainty -- this could also be part of the manipulation. Luring traders with target levels that many interpret as "support" / "resistance" gets traders both coming and going. Perhaps I'm now ahead of most -- that is, my uncertainty may actually reflect a better understanding of MM psychology than traders who fall for the support / resistance trap.
For now I avoid those areas where I'm uncertain because I now see them as part of the MM's lure. More experienced traders like @RickM, @Nih98 and yourself are comfortable trading them.
@moodybot has mentioned a few times about "waiting for the MM to show its hand". The MM pokes its head out from the TMA and then re-enters. That is mostly what I look for these days. That type of move includes all 3 of the elements you mentioned: direction, momentum and level.
And now that liquidity gaps have been thrown into the mix, my repertoire (that's French, by the way) of potential Entries has doubled. Due to my inexperience, I much prefer looking for obvious, visual entries -- rather than more subtle ones that require "filters" and lots of discretionary decision making.
So -- nothing you've said or shown yet precludes MM manipulation is at play.
I'm hoping you could elaborate a bit more on something you've mentioned before -- the use of "filters".
To me, a filter is an "indicator" -- i.e. an external computation performed by software to help highlight some aspect(s) of a price chart. You mention ADR, momentum, balance and many more. Yet you've also posted that indicators are useless.
Ques #1: How do the filters you refer to differ from the indicators I'm familiar with?
Ques #2: Of the filters you (and others) have mentioned, momentum is the most familiar to me. In fact, MT4 includes a default momentum indicator.
Is this the type of momentum you use as a filter, or are there more sophisticated ways to monitor momentum?
George is using SMA 7, 20 and 200 for momentum. A couple of posters asked how he uses these MAs for momentum and he said "too long to type".
I also asked the same question here https://www.forexfactory.com/showthr...1#post12250211 to moody, he either did not read the post or not to choose to answer.
@Blackeagle -- thanks. I do recall SMA 7, 20, 200 -- I didn't realize that served as a momentum filter.
By the way -- using multiple SMAs this way is essentially the equivalent of using MTFs -- that is, they are like a "proxy" time frame. As an example, suppose I used SMA 10, 40 and 160 on an M15 chart. This is equivalent to using SMA 10 on M15, H1 and H4 charts. The SMA 40 and SMA 160 on the M15 chart serve as "proxy" time frames for H1 and H4 -- the advantage being I can see all 3 on one chart (M15).
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