Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Beating the Odds - Edge Within a Single Candlestick (Explained) 71 replies

Looking for higher timeframe candlestick overlay indicator 10 replies

An Edge for an Edge (System Development) 113 replies

top 2 single candlestick pattern 7 replies

There is No Edge in a Single Candlestick 64 replies

Attachments: Higher Edge within a Single Candlestick
Exit Attachments

Higher Edge within a Single Candlestick

Quoting simjo
{quote} did you catch that 90 pip jump 30 min before that crash?
I did. ;-D
"The fun is in the hunt. Not the kill."
Quoting simjo
{quote} did you catch that 90 pip jump 30 min before that crash?
Attached Image
Quoting CrucialPoint
{quote} {image}
Nice one CP
Quoting CrucialPoint
{quote} There you go VEEFX... today's mini flash crash... As I said I am well prepared and trained for flash crashes. I can smell them from a mile away. {image}
Nice CP! Clearly you have a lot going on in your charts and in your mind that others cannot decrypt. They shall remain in a never-ending cycle lol

In this case, let's settle on "you got lucky" because it takes discipline and immense training to do what you do on tick charts (and which no one can replicate!) I bet you are trained sniper-style not to take eyes off your charts while trading. If you don't, it is just a matter of time when a crash will have an impact. At the end of the day, you are still relying on your broker to execute on the available liquidity.

Quoting CrucialPoint
{quote} {image}
Liar! Liar! You trade SPX also and not just GU. What else are you hiding dude lol

Quoting VEEFX
{quote} Nice CP! Clearly you have a lot going on in your charts and in your mind that others cannot decrypt. They shall remain in a never-ending cycle lol In this case, let's settle on "you got lucky" because it takes discipline and immense training to do what you do on tick charts (and which no one can replicate!) I bet you are trained sniper-style not to take eyes off your charts while trading. If you don't, it is just a matter of time when a crash will have an impact. At the end of the day, you are still relying on your broker to execute on the...
And frankly, your true edge is in getting out quickly from a losing trade like the one exited from with couple of pips in loss. That is a huge skill not many can learn easily. With this skill, one can just trade naked without secret indicators and still come out ahead in this game of speculation. It's the required ingredient for scalpers.

EDIT: I will also add that your quick exit loss at 1.2pips has to be pure instincts and not based on some 'de'flux indicator or secret calculation. Please correct me if I am wrong as I trade similar style during events naked and following price, adding and removing exposure with compelling momentum/volatility as my only guide(visual indicator)
Staying in my lane...
Quoting CrucialPoint
{quote} {image}
if I may how do you trade ? do you trade away from the open ?
Tape reading is an ART
Quoting Piquant
{quote} if I may how do you trade ? do you trade away from the open ?
Im glad you ask that question
Live today like theres no tomorrow-- Prioritize like you will die today
CrucialPoint, is it possible to end each session with a profit?
Quoting iamsovereign
{quote} Im glad you ask that question
But I wonder if he's going to answer at all. I don't know how he's trading now. But from what I've read he talked about trading away from the open, I've also been experimenting with this with DAX and Nikkei with some success and some failure. If he's still doing the same thing I thought I'd ask few questions.
Tape reading is an ART
The Candlestick is the best tool to analyse the market. They are the best tool to know about the Market Situations in order to survive in the Forex Market.
Quoting mzvega
{quote} In this series of ohlc prices what info does it actually convey? In that series of data can you tell which "price" in that range of prices was valued most? In that series of data can you tell which "price" in that range of prices was valued least? Can you tell me which printed first? The High or the Low? There isn't any info in which to make a informed logical trading decision. OHLC conveys no info……………. {image} What is market generated info? Trading data from market activity organized to display both price and time In keeping with the original...
Thank you for your explanation in a very effi cient way, mzvega. Can you give a clue why you define the 'value area upper' at 4702 (not at 4696) ? Most prices move are between 4680 - 4700, but the value area upper is bigger than that. Do you define it at 4702 based on looking it at lower TF, or because they must be always above the resisting price ?
Can you also explain more about your text at another image : A person who uses barcharts to the best of their understanding given the data they work with ... I think the information given by a bar chart is similar to candle stick (having same OHLC information), but why do we choose bar chart instead of candle stick, and not just use line chart instead ??
And can you explain why there is a "A > B" there on another image ?
Attached Image (click to enlarge)
Click to Enlarge Name: price over time-mod.JPG Size: 329 KB
Attached Image
Quoting CrucialPoint
{quote} There you go VEEFX... today's mini flash crash... As I said I am well prepared and trained for flash crashes. I can smell them from a mile away. {image}
Thank you. I've never actually read any of your posts about 'your method' but I started my trading career by scalping 20 hours a day manually. I have one of your old screenshots of your platform but some of the information was incompete and I wasn't able to properly dissimilate a few of your parameters(we have different timezones and the market was stagnant so I couldn't figure out when it was taken).This screenshot revealed enough for me to elucidate the rest of the information.

Too bad I'm using MT4. Your platform has a few advantages(we both know what they are) that definitely simplify things.
"The fun is in the hunt. Not the kill."
Quoting lento123
{quote} Thank you for your explanation in a very effi cient way, mzvega. Can you give a clue why you define the 'value area upper' at 4702 (not at 4696) ? Most prices move are between 4680 - 4700, but the value area upper is bigger than that. Do you define it at 4702 based on looking it at lower TF, or because they must be always above the resisting price ?
First to be clear, I don't trade MP…..

AMVT doesn't use daily profiles for trading it uses the "daily data" it produces for analysis as variables. There is not enough data info in the intraday TF(daily) to determine the condition of the market. It is not a large enough sample to determine its overall condition . AMVT as evidence shows has a 3 day rule.

AMVT is not "market profile". They both use MGD. MP "methodology" is not used in AMVT. The confusion comes from the price*time format. All market generated data has a price* time format

While they obviously "look" the same (MGD format) the methods differ. Same data format, different methodologies (concepts of value) 70% "value area" is a MP intraday concept not supported by empirical evidence. In AMVT value is defined by a bracketing market…..
Attached Image (click to enlarge)
Click to Enlarge Name: overlays.JPG Size: 199 KB

Anyway the bracket (value) limits are defined as the price at which the tpo's change from 3 to 2 or less
So if the data (tpo's) are distributed (bracketed) between 3 to 2 tpo's or less and the close is inside the distribution The condition is "bracketing". When the data is not bracketing the market is trending (not bracketing). The fact that the market is bracketing implies value (area). You can't define value/bracketing in moving markets.

It sounds complicated, but it's simplistic in nature. it is a simple quantitative measure. By breaking the data into units you can measure by the frequency of prices used over time to determine value. Where prices are use most and least, etc.. It is a simple quantitative measure , the market is either trending or not. There is no ambiguity, No bias involved.

AMVT does not trade changes in "price", or uses "price" to look/seek direction, nor does it predict. Trades are based on changes in condition/value. When the condition changes from bracketing(value) to not bracketing (trend). there is absolutely "No bias" , no "ambiguity" , no predicting involved. (objective) using frequency of prices used over time. Mathematically, it is, or it is not.
Attached Image (click to enlarge)
Click to Enlarge Name: bracket.JPG Size: 171 KB

Attached Image (click to enlarge)
Click to Enlarge Name: BO.JPG Size: 147 KB

Attached Image (click to enlarge)
Click to Enlarge Name: no longer a bracketing market.JPG Size: 149 KB


Quoting lento123
Can you also explain more about your text at another image : A person who uses barcharts to the best of their understanding given the data they work with ... I think the information given by a bar chart is similar to candle stick (having same OHLC information), but why do we choose bar chart instead of candle stick, and not just use line chart instead ??
I don' use either one as both are linear measures, and neither are MGD.
I choose not to use either one. Using OHLC data is a "non permitted" practice in AMVT. They both are misrepresentative of price. AMVT there is no concept of TF's. If price was used in a 30m time period, the price is also used at the same price and at the same time in every other TF (candlestick interval). In AMVT there is no concept of "time frames". There is only a "price frame". Prices and how often those price are used over time. not "price at time" (candlesticks/bar charts)
https://www.forexfactory.com/showthr...91#post8986991

Quoting lento123
And can you explain why there is a "A > B" there on another image ?
There is no <>. The letters denote "time". The letters denote "time" it lets you know which prices printed "when". Each letter represents a 30m time interval. A tpo is a unit of measure, the letter tells you the "time" in which it occurred. Which prices printed first, last, and any where in between…...
Markets are not efficient, rather they are effective - Jones
Where was price ;
4 hours ago;
1 hour ago;
15 mins ago
OR change the time to;
3 hours ago;
30 mins ago
Credit goes to CRUCIALPOINT for given such a simple system yet some couldn't still find the edge in it. There is a lot of information contained in a single candlestick but you noobs still can't see it. Trend, pullback and momentum is the simple secret in all this. Don't you ever try to predict the market; just follow it wherever it goes.
Piece of advice to whoever cares listen;
"The way to make money is to determine the trend and then follow."
William D. Gann
Quoting CrucialPoint
{quote} {image}
This is boss trading man,l wish you can share more on the entries precisely the trigger point,l have read your posts several times and tried your strategy and have to say it very good
Youtube:sunnymdlalose
CP gave guidance now we dancing with the banks.
Attached Image (click to enlarge)
Click to Enlarge Name: cp.png Size: 39 KB
Youtube:sunnymdlalose
These four stats on a per trade performance basis are the only ones that matters (to me)... rest all are completely meaningless to my strategy. I am soon going to remove drawdown from this list :-

I tried hard to close out two trades before Friday close. Old habits of being a position trader is hard to mend :-
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 26 KB
Staying in my lane...
Quoting CrucialPoint
{quote} {image}


What is your average win rate?
Attached Image
Quoting CrucialPoint
{quote} I don't avoid red news. I won't have an open trade run through a red news, unless I've made readjustments in very rare cases. Do you know how big banks work with blackboxes automated robots? They have the engineer/trader/coder/programmer/developer babysit the robot every second to watch for glitches and malfunctions. No robot is left alone. The human's job is to babysit the robot. Now a retail trader will go to sleep or walk away while the robot is working. My strategy/system won't fail when automated.... but it will have glitches...
Hello CrucialPoint nice to meet you, thank you for this post
Best,
k
Quoting sunnym
CP gave guidance now we dancing with the banks. {image}
Hi sunnym,
the snake on your image is interesting (yellow & red line). About the yellow line, i saw a default MA line @babypips (with ZZ), is it similar to this yellow line ? And what is the logic for the red line ? Any clue is welcome ... thanks
From what I've understood lurking into this thread the phrase "95% of the time price will close above or below the open" repeated many times by OP and CP is referring to the fact that price tend to move from any given point in time and tend to generate trends; coupled with CrucialPoint's scalping style this might suggest that a solid edge can be found scalping intraday pullbacks at peak hours (london, NY open) when strong trends are more common, maybe using some additional aiding tool like the open of the day as an only buy above / only sell below point of reference.

CrucialPoint's post on page 12 (https://www.forexfactory.com/showthr...29#post8309529) leave me somewhat confused. It appears like he's trying to simply point out that one single candlestick contain multiple layers of informations and, consequently, from analyzing price behavious within a single candlestick while it develops a trader should be able to spot opportunities to scalp some profits on lower timeframes. While this information is correct and in my view does not bring anything new to the table because entries&exits are still crucial in this approach, I don't see why he should be expressing it in such a complex and cryptic manner, exept of course he's just having fun teasing people with informations that effectively lead to nowhere.

From CP post on page 79 (https://www.forexfactory.com/showthr...8#post10384338), I see he trades using pure price action / momentum, which is a trading style I know well and cannot be coded into some simple fixed rules but is instead based on the ability of the trader to sense momentum on lower timeframes. If CP is not a bullshitter, I conclude then that he's a scalper using momentum entries during most volatile sessions (this is what shown in his trades), using probably some kind of hedge analyzing higher timeframe candles as a trend indication tool.

Does some of you have any other interpretation of CP trading method?
0 traders viewing now