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  • Post #1,861
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  • Feb 25, 2021 12:51am Feb 25, 2021 12:51am
  •  Profitgrowth
  • | Joined Jan 2019 | Status: Member | 84 Posts
Quoting jmn5611
Disliked
{quote} Ah, now I feel bad. I think I helped to run him off. Hey Peter, in your next incarnation, just start your own thread, build your own cred, and then you won't need to worry about people like me because you can just simply ban me from your thread. Don't ride others coat tails, be your own tailor. Regards Jim
Ignored
Surprising he lasted this long, this has been going on for months, i got sick of it some time ago, well he stuck at it, whatever he was here for anyway.
  • Post #1,862
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  • Feb 25, 2021 3:30am Feb 25, 2021 3:30am
  •  Rmg
  • Joined Jan 2016 | Status: Member | 1,821 Posts
Quoting jmn5611
Disliked
{quote} Ah, now I feel bad. I think I helped to run him off. Hey Peter, in your next incarnation, just start your own thread, build your own cred, and then you won't need to worry about people like me because you can just simply ban me from your thread. Don't ride others coat tails, be your own tailor. Regards Jim
Ignored
Too bad for me no more entertainment from here.
The hilarious part is the pdf he made out of his own utter BS.
Process over Outcome
  • Post #1,863
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  • Feb 25, 2021 3:45am Feb 25, 2021 3:45am
  •  moodybot
  • Joined May 2010 | Status: Ex Member | 2,252 Posts
I wonder how many contacted him in private......
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  • Post #1,864
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  • Feb 25, 2021 5:04am Feb 25, 2021 5:04am
  •  bfx17
  • | Joined May 2017 | Status: Member | 418 Posts
Quoting moodybot
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I wonder how many contacted him in private......
Ignored
Who knows? But we know that the demand for BS is unlimited...
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  • Post #1,865
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  • Feb 25, 2021 5:11am Feb 25, 2021 5:11am
  •  bfx17
  • | Joined May 2017 | Status: Member | 418 Posts
Quoting PeterCaleb
Disliked
I'll say it again for the silly people here, I'm not marketing anything. If someone wants to become a real life trader (it's not a status label but simply an identifiable word) you need to see how "divided" all these silly people are, both in their view on things as well as their thinking. My suggestion is this - take 30 people's opinions of "how to trade", write them on a piece of A4 paper and make sure that no 2 are alike. Now grab a blank chart and "map" out each person's trade style according to the way they would enter and exit. Why do this?...
Ignored
Peter,

Before you go...can we use that pdf? Or it has some prop rights attached?

Because I want to adapt it a bit and sell it to stand-up comics. It would made a kill.

Cheers and trade well,
B
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  • Post #1,866
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  • Feb 25, 2021 6:21am Feb 25, 2021 6:21am
  •  Bushy
  • Joined Jan 2016 | Status: Member | 629 Posts
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EU15

I'm just sharing my observations and my own learning process here, it may help someone...

Now a little about psychology.....
I realised a couple of years back my brain is ADD (Attention Deficit Disorder), I won't go into the definition it's well documented on the net.

So... problem is, it's probably one of the worst types of psychological make up to go trading with, impulsivity, distraction, etc, but when we focus on one thing, it becomes intense focus, hence my endurance on this journey, it was last year I realised I need to break all this down into little pieces (how to eat elephants..) and give the same focus as I've done on the whole thing to each and every element of my trading, and then I will put the whole picture together.

And so to the chart, I'm illustrating this 50% move again.

It went way past in the end this morning, but there was a reaction at that level, there 'always' is, just as there are reactions on lots of Fib levels, it's working out what to do at these levels that's important... of course.....

So.... did I take my 10/12 trade on that? Yes I did, and I'm quite pleased that I took that loss, so I'm looking at the chart, I'd be shorting against a strong 'trend', the HTF's show a clear gap, this is a trade I do not want to take on, but I do.... why? because this is my current exercise, at all times I make sure I'm disciplined, i.e. following what I set out to do at that point in time, and this is my current focus levels, then when I've learnt what I think I need to, I will move on to another element of my trading.

So far I've done....
Using 1min TF for entries.
Targets, i.e. where the market is heading.
'Tower' patterns...
Stop runs.

And now as I said, learning how to identify significant levels.

I've been at it years off and on, I don't mind admitting, trading is hard for me, might be easier for others, but this is the process that is paying me dividends, I seem to be consistently breaking even when I'm not thinking about the account balance and completely focus on the element of trading that I'm doing.
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  • Post #1,867
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  • Feb 25, 2021 1:27pm Feb 25, 2021 1:27pm
  •  Bushy
  • Joined Jan 2016 | Status: Member | 629 Posts
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Scored +12

Now these are the trades that I regularly win now, certainly more than half, so they are making a profit for me.

So you may ask, how exactly am I so sure that, that trade was a winner....

You can talk about liquidity, stop runs, smart money vs dumb money, accumulation, etc. etc. etc......

But if you were to ask me.... you can take the piss out of me of whether you would bother or not

My answer is, look at it, it's a pattern I recognize in the context I see it in, I really can't define it totally clear, just to say look at it, it's square across, so it'll range, it's at the end of a run, I've seen it time and time again, and I know this and I'm confident in this because that's the only thing I focused on for a whole 3 months.

So today -10 +12, if I managed to do that everyday, I'd be in clover
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  • Post #1,868
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  • Mar 1, 2021 9:30am Mar 1, 2021 9:30am
  •  Diamonds73
  • | Joined Jul 2017 | Status: Member | 20 Posts
Quoting PeterCaleb
Disliked
Here's a guy who's like me, although you may want to brace yourself. He's a real person who really trades. Mmmmm. What will all those fake people on here think ? Let's find out shall we ......... Enjoy. https://www.youtube.com/watch?v=Cgkb5Ld1_14 Peter
Ignored
I can hardly make out what that guy is slurring in this video.But that's by the way.His point is irrelevant to this thread dealing with George's approach!!.......There are no trends in this market;Price moves but not directionally.Price moves in expansion and contraction.George is the only man who has a clue....myself has taken his clue to a level that will amaze the forex industry if i ever decide to come public with my findings.Again,market makes use of themes as opposed to trend lines and channels.
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  • Post #1,869
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  • Mar 1, 2021 9:59am Mar 1, 2021 9:59am
  •  Diamonds73
  • | Joined Jul 2017 | Status: Member | 20 Posts
Quoting moodybot
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{quote} Possibly but hey...
Ignored
I miss George's posts.That great trader,yet humble.......how i wish his private mail permits me,i would have gladly shared with him some great insights i have come to posses all based on what i learnt from him.Can one master this game,yes'can all serious traders master this game,yes.Those were George's words.Those words pushed me to doing the necessary,then the possible and now the impossible.All hail GeorgeAus
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  • Post #1,870
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  • Edited at 12:03pm Mar 1, 2021 11:52am | Edited at 12:03pm
  •  loppo0101
  • | Joined Jan 2020 | Status: Member | 40 Posts
AUDUSD
guys, is this a good short entry according to george's method?
Herd resistence with 2 H1 candles (red line) broken, target that i was expecting wasnt reached (blue line) but there was previously another top (that i didnt mark on this chart) which has been respected for now, first tatget (green line), my 1 min tma was in extreme zone.
Let me know if im getting it right, thanks

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ah, ADR was 79 on 74
  • Post #1,871
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  • Edited at 12:24pm Mar 1, 2021 12:01pm | Edited at 12:24pm
  •  Bushy
  • Joined Jan 2016 | Status: Member | 629 Posts
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Another +12, they are there, low hanging fruit.

5 out of 6 winning trades, 80%+ winning trades, just takes practice practice practice, and then when you've practiced you might start thinking you've learnt something, then you put what you think you've learnt into practice and yes, practice practice practice, then put all that into practice and then practice some more, it's a grind, it's tedious, it's boring, it's frustrating.......

That's the way I see it, why do people go all 'guru' about it, stuff like 'you have to find it within you', 'it's all about psychology', ' you need to understand yourself', 'there is no 'system''.

Well yes such is maybe, but plain terms....
Find it within you - Persist, keep at it, stick with it, don't 'believe' in yourself, identify your strengths and weaknesses, like I'm terribly impulsive, it's taken me a whole load of time to iron that out of my trading, I naturally jump from idea to idea, absolutely fatal for trading, but it does have benefits of being boundless, but boundless out of control is no good, train yourself, it takes time, weeks, months for every individual aspect.

No System
Well no, there kind of isn't, but I have found the most success by learning how to learn as in, I will learn what I need to learn for myself.
2
  • Post #1,872
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  • Mar 1, 2021 12:14pm Mar 1, 2021 12:14pm
  •  BWilliam
  • Joined Jan 2020 | Status: Goodbye FF. Thanks for the fun. | 1,159 Posts
Quoting loppo0101
Disliked
AUDUSD guys, is this a good short entry according to george's method? Herd resistence with 2 H1 candles (red line) broken, target that i was expecting wasnt reached (blue line) but there was previously another top (that i didnt mark on this chart) which has been respected for now, first tatget (green line), my 1 min tma was in extreme zone. Let me know if im getting it right, thanks {image} ah, ADR was 79 on 74
Ignored
I give real in the face feedback telling it as I see it if that's what you're looking for.

Don't sell a rising market, don't buy a falling market.
Translated don't sell when the price is nice juicy high price. Don't buy when price feels like dirt cheap. That's an amateur mistake.

The trick is to make a small change in your mindset.
Think of trading as buying and selling bananas.

Buy into a rising market, sell into a falling market.
You don't care about the actual price itself, ie. the asset value.

The problem then is when and where is the price rising or falling. You got to figure this one problem out.

Think deeper a little, does price at George's targets signal rising or falling banana value? Use your logical common sense. I'm sure everyone is able to figure this out.
Left FF - 20 March 2021
4
  • Post #1,873
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  • Mar 1, 2021 12:22pm Mar 1, 2021 12:22pm
  •  loppo0101
  • | Joined Jan 2020 | Status: Member | 40 Posts
Quoting BWilliam
Disliked
{quote} I give real in the face feedback telling it as I see it if that's what you're looking for. Don't sell a rising market, don't buy a falling market. Translated don't sell when the price is nice juicy high price. Don't buy when price feels like dirt cheap. That's an amateur mistake. The trick is to make a small change in your mindset. Think of trading as buying and selling bananas. Buy into a rising market, sell into a falling market. You don't care about the actual price itself, ie. target. The problem then is when and where is the price rising...
Ignored
i appreciate face feedback, no problem.
I'll ponder on your words, thanks Bwilliam

about dont sell a rising market, dont buy a falling market, its what i always heard and what i always tried to avoid, but reading george's thread i thought thats what we are (if herd zone and all the rest of which george spoke about is respected) searching for... Im a bit confused about this...
  • Post #1,874
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  • Edited at 5:27am Mar 2, 2021 4:13am | Edited at 5:27am
  •  loppo0101
  • | Joined Jan 2020 | Status: Member | 40 Posts
Quoting BWilliam
Disliked
{quote} I give real in the face feedback telling it as I see it if that's what you're looking for. Don't sell a rising market, don't buy a falling market. Translated don't sell when the price is nice juicy high price. Don't buy when price feels like dirt cheap. That's an amateur mistake. The trick is to make a small change in your mindset. Think of trading as buying and selling bananas. Buy into a rising market, sell into a falling market. You don't care about the actual price itself, ie. the asset value. The problem then is when and where is the...
Ignored
the trade is going good, the biggest mistake i did i would say now is that i took my target from the H1 timeframe, whereas on the M15 price already reached 3 previous bottom targets (the 3 green lines), so i exited...more precisely i took my target on H1 from the immediate previous swing, but there was a prior H1 bottom that has already been reached, corresponding to H15 bottom...i didnt respect george's chain i guess...
zoltan also made me notice that on tma H1 wasnt respected george's setup (making this trade therefore risky), and other things of which im grateful to him...

if you could, or anyone else, expand about dont sell in rising market, dont buy in falling market: as i was saying, if we follow george's theory, it looks to me that this is implied: a target above a resistence herd area is a sell, so selling in a rising market, a target below a support herd area is a buy, so a buy in a falling market...



thanks guys

p.s. sure, as also george said, we can also trade towards the target above-below herd area, not only away from it, as i did...
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  • Post #1,875
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  • Mar 2, 2021 6:07am Mar 2, 2021 6:07am
  •  BWilliam
  • Joined Jan 2020 | Status: Goodbye FF. Thanks for the fun. | 1,159 Posts
Quoting loppo0101
Disliked
the trade is going good, the biggest mistake i did i would say now is that i took my target from the H1 timeframe, whereas on the M15 price already reached 3 previous bottom targets (the 3 green lines), so i exited...more precisely i took my target on H1 from the immediate previous swing, but there was a prior H1 bottom that has already been reached, corresponding to H15 bottom...i didnt respect george's chain i guess... zoltan also made me notice that on tma H1 wasnt respected george's setup (making this trade therefore risky), and other...
Ignored
AUDUSD is on a rising market known 18hours ago. The current high is the algo level that's the current market at the moment.
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Left FF - 20 March 2021
3
  • Post #1,876
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  • Mar 2, 2021 11:28am Mar 2, 2021 11:28am
  •  Zyzel
  • | Joined Jan 2021 | Status: Member | 23 Posts
Quoting BWilliam
Disliked
{quote} I give real in the face feedback telling it as I see it if that's what you're looking for. Don't sell a rising market, don't buy a falling market. Translated don't sell when the price is nice juicy high price. Don't buy when price feels like dirt cheap. That's an amateur mistake. The trick is to make a small change in your mindset. Think of trading as buying and selling bananas. Buy into a rising market, sell into a falling market. You don't care about the actual price itself, ie. the asset value. The problem then is when and where is the...
Ignored
Hi BWilliam,

Its astounding that you got the overall direction of AU correctly. Loppo also got his profit from the sell trade, so congratulatory to him on that as well .

When you meant you don't care about the actual price itself - I believe what you are trying to say is that, as long as you make money while trading, the pricing doesn't concern you at all. To traders who view the pricing, they would be more prone to psychological effects (i.e greed and fear) enticing traders in/out of position/stop hunts while the single algo paints the illusion of the market? Do correct me if I am wrong.

Also, the main problem as you've mentioned are the "WHEN" and "WHERE". That's the golden nugget. I also believed that any TRUE trading edge found must be protected as much as possible. So, can you perhaps share some guidance for us traders here or a hint on how to identify the "when" and "where"? We, the less experienced traders, will certainly be thankful - to traders like you - that we have guidance here in these forums.

Thanks & Cheers!
Zyzel
Always Learning. I am no Master
3
  • Post #1,877
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  • Edited at 12:26pm Mar 2, 2021 12:12pm | Edited at 12:26pm
  •  BWilliam
  • Joined Jan 2020 | Status: Goodbye FF. Thanks for the fun. | 1,159 Posts
This is the AUDUSD chart. Yesterday price rose strongly in NY market into London close registering a rising market. During London market today price pullback to 50% fibs and buyers kept buying at this level. We can expect USD to trade weak NY market again. And it did 136% ADR.

Never see price as high or expensive because it sit at the top of your computer screen.
Or price is low or cheap because it sit at the bottom of your computer screen.
That's a common mistake that lead to this buy low, sell high mentality which actually trigger our natural greed fear psychology.
There's no high or low price for any pair. As I wrote we don't care of the current asset price.
We must train our mind to get beyond this natural tendency which is a psychological trap.

What we focus on is the potential rise or fall of the value of the asset.
In short, rising price or falling price.
This can happen at any point on the chart. At any time.
This presents us a different problem of the "WHEN" and "WHERE" problem.

Lets say you knew AUDUSD is in a rising market today. Looking at the pic it becomes simple to trade this pair.
Step back one step, what's the problem that's with most traders then ?
How to know whether the pair is in a rising or falling market, that's the challenge.
If the trader doesn't know this then everything else is simply guessing.

Let me present this problem in another way.

Looking at all the majors versus the dollar, which pair do you know with some confidence that the pair is strong against the dollar today?
At what point on the chart today that you somehow knew this pairs is strengthening against dollar?

You can use whatever tool you wish but you must devise a way to tell you this important fact.
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Left FF - 20 March 2021
6
  • Post #1,878
  • Quote
  • Mar 2, 2021 1:15pm Mar 2, 2021 1:15pm
  •  Zyzel
  • | Joined Jan 2021 | Status: Member | 23 Posts
Quoting BWilliam
Disliked
This is the AUDUSD chart. Yesterday price rose strongly in NY market into London close registering a rising market. During London market today price pullback to 50% fibs and buyers kept buying at this level. We can expect USD to trade weak NY market again. And it did 136% ADR. Never see price as high or expensive because it sit at the top of your computer screen. Or price is low or cheap because it sit at the bottom of your computer screen. That's a common mistake that lead to this buy low, sell high mentality which actually trigger our natural...
Ignored
Hi BWilliams,

This is really one of the most BEAUTIFUL written post/explanation that I've read in FF so far. Clear and concise information while giving others the chance to develop their own strategies/psychology against the single algo .

I will definitely digest & reflect on this particular post thoroughly and practice them on my charts. I realized that the more I re-read your post, the more hidden gems I get from you. Not one single sentence that you've written is wasted.

For that I thank you very much and may your deeds be rewarded!

Cheers,
Zyzel
Always Learning. I am no Master
2
  • Post #1,879
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  • Edited Mar 10, 2021 1:39am Mar 9, 2021 2:49am | Edited Mar 10, 2021 1:39am
  •  Kevbram
  • | Additional Username | Joined Mar 2021 | 11 Posts
I've been going through George's main thread and I like his idea of Targets.

This is what I have learned so far about what he's talking about, I think.

Broker based price gap trades. The markets hate inefficiency of price. Each broker generates its own 'gap through' market levels. Forget post weekend Sunday night-Monday morning gaps. This is about intraday and mid-week gaps.



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  • Post #1,880
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  • Mar 10, 2021 2:00am Mar 10, 2021 2:00am
  •  Kevbram
  • | Additional Username | Joined Mar 2021 | 11 Posts
Outside gaps vs Inside gaps.

Inside gaps are any two periods that interlock (Possess an excessive overlap) on close to open price instead of close and open lining up to be the same price. Outside gaps are the price gaps that create trade openings and are what the market and or broker needs or wants to fill.


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