Disliked{image} George, please correct me if I am wrong, but I believe the area of interest are likely to be above and below the illusions of the support and resistances created by the market makers and not the ones that have already been stop loss haunted. (Potentially, the next move will be something like is shown in blue arrows to clear out the new stop losses that haven't been taken out yet to create further liquidity. FarzadIgnored
VERY IMPORTANT POST
PLEASE ,,, READ THIS
Gooooooooooood morning everyone ,,,,,
Here we have an opportunity to talk about something important ,,,,
ALTHOUGH IT IS AHEAD OF ITS TIME AS WE HAVE NOT GONE INTO THAT PART IN DETAIL YET ,, WHICH IS THE ACTUAL TARGET THEMSELVES ! ! ! !
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PLEASE UNDERSTAND THAT ,,,
I AM VERY VERY ARTICULATE WITH TRADING VOCABULARY ,,, AND TERMINOLOGY ,, BECAUSE IT IS VERY VERY IMPORTANT TO THE WAY I THINK ,, AND MY VIEW WHICH IS BASED ON MY PERSONAL THEORIES ,,,, WHICH ARE THE BASIS OF THIS PROJECT ! ! ! !
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WE SHALL ANSWER FARZAD FIRST ,,,,
QUOTE :::: George, please correct me if I am wrong, but I believe the area of interest are likely to be above and below the illusions of the support and resistances created by the market makers and not the ones that have already been stop loss haunted.
The answer is ,,, ABSOLUTELY YES
any target that has been cleaned out is FINISHED ,,, HISTORY ,,, IT IS NOT VALID ANYMORE ,,,,
The correct wording is market MAKER ,,, not makerS ,,,, there is ONLY ONE ! ! ! !
QUOTE ::: (Potentially, the next move will be something like is shown in blue arrows to clear out the new stop losses that haven't been taken out yet to create further liquidity
The answer is ,,, YES ,,,, BUT NOT TO THE EXTENT TO WHAT YOU HAVE DRAWN WITH YOUR ARROWS ,,,, please read below explanations in detail ,,,, BUT ,,,
As for LIQUIDITY ,,,,,,,,,,,
The word LIQUIDITY ,,,, HAS NO FOUNDATION IN MY THEORIES ,,, AS THERE IS NO SUCH THING AS LIQUIDITY IN THE MARKET ! ! !
THE MARKET DOES NOT NEED LIQUIDITY ,,, IT IS A MYTH ,,, BECAUSE THE MARKET IS THE LIQUIDITY ITSELF THAT EVERY TRADE / ENTITY ( BANKS ,, HEDGE FUNDS , ECT. ECT. ) TRADE AGAINST
we will first look at the chart FARZAD (fymdglv ) attached ,,,
NO 1 ,,,,, IT IS A MESS ! ! ! ! ! ! ! ! ! ! ! ! (This is NOT directed at you FARZAD ,, just an example)
For your sake ,,,,, i HOPE this is NOT what your hourly chart always look like
I know the little arrows are to draw my attention to the target areas
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I CAN ONLY SUGGEST WHAT I FEEL IS GOOD ,,,, BECAUSE THIS IS HOW I PERSONALLY DO THINGS
UNDERSTANDING ,, AND ,,, CLARITY,,, ARE ,,,, OF SUPREME IMPORTANCE ! ! ! !
CLEAN CHARTS ARE VERY VERY IMPORTANT ,,,,,, because ,,,
WE NEED FOCUS ! ! ! !
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SO ,,,, LETS GO ,,,, AND I WILL NOT EXPAND ON ANYTHING WE HAVE NOT DONE YET ! ! ! !
Here we have 4 charts ,,,,
lets look at the first chart ,,, which is the one from FARZAD ,,,
= I DO NOT BOX TARGETS ,,, BECAUSE I DO NOT TRADE SUPPLY AND DEMAND ,,,,, I ONLY BOX ZONES FOR DEMONSTRATION
PURPOSES ONLY ,, BUT NOT ON MY TRADING CHART ,, I USE ,,,, PRECISELY ,,,, DRAWN HORIZONTAL LINES ! ! ! !
= I DO NOT DRAW ARROWS ,, PHYSICALLY OR MENTALLY TELLING THE MARKET WHAT TO DO ,,,,, ( MY COMMENT HIGHLIGHTED ON CHART ) ,,, THAT IS LIMITED THINKING ,,,, BOUNDED MINDSET ! ! ! ! ! VERY VERY IMPORTANT ,,,
= YES ,, I DO ANTICIPATE ONE DIRECTION ,, BUT ,, NOT TWO ( 2 ) DIRECTIONS ,, AND ESPECIALLY TO THE EXTENT OF THE 2 ARROWS ON THE CHART TO TAKE OUT THE LOWS ( ::: I DO NOT TELL THE MARKET WHAT TO DO :::: ,, I LET THE MARKET SHOW ME WHAT IT IS DOING ,, STEP BY STEP ) ,,, BECAUSE THAT IS WHAT IT AAAALWAYS DOES ! ! ! !
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THE NEXT CHART WE WILL LOOK AT IS ,,
MY HOURLY STUDY CHART ,,,, IF I WAS TO DO ONE ,,,,,
THE PICTURE IS SELF EXPLANATORY ,,,,,
NO EXPANSION ON THE LINES AT TARGETS ,,,, AS WE HAVE NOT GONE INTO THEM IN DETAIL ! ! ! !
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THE NEXT CHART WE WILL LOOK AT IS ,,
GEORGE'S HOURLY CHART ( WITHOUT THE GREEN BOX ) ,,,,,
3 DAILY TOPs ,,, WITH S LINES DRAWN ,,,,,
3 DAILY LOWS WITH 3 LINES DRAWN ,,,,,
I WILL NOT EXPAND ON THE LINES AS WE HAVE NOT GONE INTO DETAILS YET ! ! ! !
THERE IS A REASON WHY I HAVE 3 LINES WHICH EQUALS THE NUMBER OF TOPS / BOTTOMS
The details to follow in future project posts
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THE NEXT CHART WE WILL LOOK AT IS GEORGE'S SCREEN LAYOUT ,,,,
AS YOU CAN SEE ,,,,,
I DO HAVE DEDICATED CHART FOR EVERY TIME FRAME I LOOK AT DURING THE DAY ,,,, WHICH ARE
DAILY ,,, H4 ,,, H1 ,,, M15 ,,, AND THE 1 MNT CHART ,,,,,
SOMETHING I VERY HIGHLY RECOMMEND TO ANY TRADER ! ! ! !
I CAN NOT ,,, CLICK FROM ONE TIME FRAME TO THE NEXT ,,, BECAUSE ,,
MY SIMPLE BRAIN LOSES FOCUS ON THE PREVIOUS TIME FRAME'S COMPLETE PICTURE ,, AS I AM NOT AS SMART AS OTHER TRADERS THAT DO THAT ! ! ! !
THE H4 AND DAILY ARE BEHIND THE HOURLY AS I DO NOT NEED TO LOOK AT THEM OFTEN AT ALL ,,,,,
ALSO ,,
I HAVE TARGETS DRAWN ON MY 3 MAJOR TIME FRAMES ,,, M15 TO H4 ,,,, AND ,,,
WHEN I CLICK ON ANY OF THE 3 CHARTS ,, I NEED TO SEE MY TARGETS CLEARLY ,,,,
YOU CAN SEE HOW I HAVE THEM VISIBLE ON THE HOURLY AND M15 ,,,
WILL NOT EXPAND ON THAT NOW ,,, WILL BE DONE IN DETAIL IN THE CONTINUATION POST OF THE ,,,, MECHANICS ! ! ! !
MY CHARTS MUST BE CLEAN AND CLEAR AT ALLLLLL TIMES ,,,,, NO CLUTTER ,,,, BECAUSE
I TRADE WITH AN UNDERSTANDING OF THE MARKET ,,, AND NOT TO AN INDICATOR ! ! ! !
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Hope this will help the Family members ,,,
Cheers,
George
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
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