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Price action at the core / tma intra day

  • #1,021
  • Feb 20, 2019 4:48am Feb 20, 2019 4:48am
This is a Short on EURUSD M1 where I took my target to enter a Short from the M15 Chart. This was the top area where the probability of unopened orders may sit.
Then I set my take profit from the M15 chart at a area of possible unopened orders rested of the last M15 swing.
Both were of course executed on the M1 chart.
Now George has more of the story to tell but so far I am achieving a win rate of 80%.

But i know I can do better
Attached Image (click to enlarge)
Click to Enlarge Name: eu m1.png Size: 63 KB
Trading thin liquidity at the boundary of the charts
  • #1,022
  • Feb 20, 2019 5:04am Feb 20, 2019 5:04am
Quoting George AUS
{quote} ============================================================ Hello Isidore ,,,, That is EXACTLY what i mean ,,,, Just because someone can NOT understand something the same as someone else can or as fast ,,, does NOT mean that person is NOT smart ,,, And i am the BEST EXAMPLE ,, BECAUSE I AM A HIGH SCHOOL DROPOUT ,,, So it can NOT get any worse than that hahahahahah ,,,, It is NOT about being smart ,,,, It is TOTALLY related to the amount of work one dedicates to something ,,,,, Please dont forget ,,,, I have ONLY been involved in the financial...

Nailed it to the point !!! Systems Will fail but understanding the methology behind the market will not !!!

!BE LIKE WATER! ;-)

very nice and interesting thread you have George

best regards and a great further journey
Freddy
May the Sheen be with you....
  • #1,023
  • Feb 20, 2019 5:05am Feb 20, 2019 5:05am
Quoting RickM
This is a Short on EURUSD M1 where I took my target to enter a Short from the M15 Chart. This was the top area where the probability of unopened orders may sit. Then I set my take profit from the M15 chart at a area of possible unopened orders rested of the last M15 swing. Both were of course executed on the M1 chart. Now George has more of the story to tell but so far I am achieving a win rate of 80%. But i know I can do better {image}
Rick Rick Rick ,,,,,

hahahhahahaha ,,,
I always have something to say u think ! ! ! !

The ONLY reason i add is ,,, for the benefit of everyone to keep a CONSTANT FLOW of my thoughts on things ,,,, in the hope it will trigger something in the minds of the wonderful Family members we have here ,,,,

That was great work ,,,,
Very small range on the good old EU ,,,
As you can see the are creating a trap effect both at the top and the low of the day ,,,,, which is typical when they are NOT planning a large range ,,,
BUT , this will ONLY indicate that we should see possible an aggressive action in the NY session ,,,,

The 60/120 TMA setting work very effectively on narrow ranges ,,,,, BUT ,,
when we get fast expansions ,, thats where the power of the settings you will all get to setup when we go into the DETAILED WORK with the TMA's ,,, cause I trade the EXTREMES OF THE SWINGS ONLY ,,,,

It is ALWAYS a pleasure to hear from you Rick ,,,

Cheers,
George
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #1,024
  • Feb 20, 2019 5:11am Feb 20, 2019 5:11am
Quoting Trueman23
{quote} Nailed it to the point !!! Systems Will fail but understanding the methology behind the market will not !!! !BE LIKE WATER! ;-) very nice and interesting thread you have George best regards and a great further journey Freddy
Thank you Freddy ,,,,,

BE LIKE WATER MY FRIEND ! ! ! !

That is the BEST way to describe what is TRULY needed to succeed in this game ,,,,
INSTANT FLEXIBILITY AT ALL TIMES ! ! ! !

Cheers,
George
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #1,025
  • Feb 20, 2019 5:18am Feb 20, 2019 5:18am
picture day GBPJY..at hi yesterday range and last week range..short at 90..thk u George..other lines month and half month..best dan
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYDaily.png Size: 57 KB
  • #1,026
  • Feb 20, 2019 5:29am Feb 20, 2019 5:29am
Quoting danc
picture day GBPJY..at hi yesterday range and last week range..short at 90..thk u George..other lines month and half month..best dan {image}
Hello Dan ,,

Exactly what we were looking at this morning on the short positions ,,
They cleaned out some stops off the DAILY chart you have here ,,, took out the top by 20 pips ,,, and was in MY first pressure zone in the TMA;s at the same time ,,,,
Great setup ,,,

Cheer,
George
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #1,027
  • Feb 20, 2019 7:03am Feb 20, 2019 7:03am
Quoting duy90
Wow yesterday was a huge green bar... I tried to short it after it entered the playground and hit TMA - Man was I wrong :/ I wonder, how George can filter which ones to take to 98% precision. AMAZING Cheers. Duy
Well, the 'confusion' he was referring to, became very clear.
  • #1,028
  • Feb 20, 2019 7:04am Feb 20, 2019 7:04am
Quoting Londonpip60
Daily range today should be the same as yesterday, I would suggest 142.95 on the GJ by us open. We will see maybe Thanks Chris
No, that is rarely the case, it does happen on occasion when there is a sustained move through a gap, but generally it is the exception.
  • #1,029
  • Feb 20, 2019 7:22am Feb 20, 2019 7:22am
My short term view, much appreciated if anyone could comment.
Attached Image (click to enlarge)
Click to Enlarge Name: GJShortTerm20feb.png Size: 27 KB
  • #1,030
  • Feb 20, 2019 7:25am Feb 20, 2019 7:25am
Quoting George AUS
{quote} Howdy Billy ,, The answer in this business is ,, NO IT IS NOT ,,,,, Although ,,, everything in this business is NUMBERS ! ! ! ! hahahahaha Cheers, George
Howdy to you to,or is it g'day?.
I agree with your post and Forex is not maths and i was going to leave it at that.
BUT, the using of stats is a pure subject and a branch of maths.
as in applied maths we have measure theory,probability theory and Set theory and even though Likelihood estimates isn't pure maths it does have value.

As you point out we all know that the forex market is not random
AND BECAUSE IT IS NOT RANDOM WE CAN PLAY IT...
Take care and trade well... Billy.

ps, my original post was just stating that maths applies in all walks of life ...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #1,031
  • Feb 20, 2019 8:14am Feb 20, 2019 8:14am
Quoting duy90
Wow yesterday was a huge green bar... I tried to short it after it entered the playground and hit TMA - Man was I wrong :/ I wonder, how George can filter which ones to take to 98% precision. AMAZING Cheers. Duy
Same with me, i shorted one top earlier, and the last top stopped me. How to know the real top when all the past 3 tops were outside the bands?
  • #1,032
  • Feb 20, 2019 8:22am Feb 20, 2019 8:22am
Quoting Bushy
My short term view, much appreciated if anyone could comment. {image}
Hi Bushy

I feel it well continue upwards for the orders in those wicks before perhaps moving down for those orders at the bottom.
Without knowing how George trades exactly, I am just trading how I think it works.
I would have brought right after that M1 spike and placed a breakeven stop ASAP.
But that's my take on it
Attached Image (click to enlarge)
Click to Enlarge Name: gj.png Size: 46 KB
Trading thin liquidity at the boundary of the charts
  • #1,033
  • Feb 20, 2019 9:04am Feb 20, 2019 9:04am
Quoting Bushy
{quote} Well, the 'confusion' he was referring to, became very clear.
Yes, I understand that the target was hit really strongly. But what I was referring to was entry at playground. Meaning entering opposite order when price has taken the stops, like how George did for GJ today at Asian session. Therefore I was wondering how to handle the situation like yesterday as people would enter short at TMA extreme for short as has already entered the playground.

Cheers, Duy
  • #1,034
  • Feb 20, 2019 9:19am Feb 20, 2019 9:19am
Quoting RickM
{quote} Hi Bushy I feel it well continue upwards for the orders in those wicks before perhaps moving down for those orders at the bottom. Without knowing how George trades exactly, I am just trading how I think it works. I would have brought right after that M1 spike and placed a breakeven stop ASAP. But that's my take on it {image}
Yes, I'm looking out for something along these lines now.
Attached Image (click to enlarge)
Click to Enlarge Name: GJDownandUp.png Size: 31 KB
  • #1,035
  • Feb 20, 2019 9:36am Feb 20, 2019 9:36am
HOLY CRAP another parabolic green bar...

Anyone tried selling?

Cheers, Duy
  • #1,036
  • Feb 20, 2019 10:53am Feb 20, 2019 10:53am
Quoting duy90
HOLY CRAP another parabolic green bar... Anyone tried selling? Cheers, Duy

Trading from top to bottom and vice versa....

So....don't short against the trend....

George took 4 "Silver Platter" entries this morning.....see here...

Sell "tops" in a downtrend.....or.....Buy bottoms in an "uptrend"....

Its all not that hard....

Whether you name it "support/resistance", "supply/demand", "smart money/dumb money" or..."George's Herd Validation"....

All the same....just a different way of looking at the market......
  • #1,037
  • Feb 20, 2019 11:37am Feb 20, 2019 11:37am
Quoting AndresSR
{quote} Trading from top to bottom and vice versa.... So....don't short against the trend.... George took 4 "Silver Platter" entries this morning.....see here... Sell "tops" in a downtrend.....or.....Buy bottoms in an "uptrend".... Its all not that hard.... Whether you name it "support/resistance", "supply/demand", "smart money/dumb money" or..."George's Herd Validation".... All the same....just a different way of looking at the market......

Im confused with your wordings

How we we trade from top to bottom, unless we trade against the trend?

Also how to sell "top" in a downtrend if you don't enter when the price is going up? Unless you wait for selling pressure to come in, which is visualized as momentum and enter short on second try.

From what I see, George is entering short, when the "trend" is UP and long when "trend is DOWN.

From the link you attached, you can see that George's 4 entries were all short when all the price, MA, TMA showed long

Do you mind showing an example of your enlightment?

Cheers, Duy
  • #1,038
  • Edited 12:00pm Feb 20, 2019 11:48am | Edited 12:00pm
Quoting duy90
{quote} Im confused with your wordings How we we trade from top to bottom, unless we trade against the trend? Also how to sell "top" in a downtrend if you don't enter when the price is going up? Unless you wait for selling pressure to come in, which is visualized as momentum and enter short on second try. From what I see, George is entering short, when the "trend" is UP and long when "trend is DOWN. From the link you attached, you can see that George's 4 entries were all short when all the price, MA, TMA showed long Cheers, Duy
Quote
Im confused with your wordings

How we we trade from top to bottom, unless we trade against the trend?

M1 is only 1 timeframe.....there are more to check....downtrend on M1 can just be a retrace/pullback on higher timeframes.......


George took trades on / posted M1 timeframe.....M15 timeframe showed "downtrend" too....

(I don't use TMA......)
  • #1,039
  • Feb 20, 2019 11:55am Feb 20, 2019 11:55am
Quoting George AUS
Howdy Peeps ,,, There is so much excitement going on today ,,, and thanks to Uncle G ,,, ELLENBROOK ,,, As you ALL can see ,,, THere is NO right and NO wrong in any business in life ,,, It is ALL about UNDERSTANDING WHAT YOU ARE DEALING WITH ! ! ! ! Uncle G just DEMONSTRATED the power of HIS Valuable KNOWLEDGE ,,,, before you all ! ! ! ! Yes it is a SO CALLED ,,, A TREND TRADE ,,, Here is THE COMPLETE OPPOSITE to what HE DOES ,,, and the results are there ,,,,, SO PLEASE ,,,, MASTER YOUR CRAFT ! ! ! ! ! ! KNOW WHAT YOU ARE DEALING WITH ! ! ! ! Here...
Hi George, thanks for your explanations. I have some questions, regarding your gbpjpy trade:

1- Why are you entering with 3 positions? I don't understand the reason, because the first one is very close to the second and the third.

2- Where is placed the stop loss?

3- I attached a chart with the settings you said in your post 820. The chart is at the same time you made your trade this morning. Because I'm not sure I configured the TMA well, can you tell me if it looks ok, please?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1.png Size: 72 KB
  • #1,040
  • Feb 20, 2019 12:17pm Feb 20, 2019 12:17pm
Quoting AndresSR
{quote} {quote} M1 is only 1 timeframe.....there are more to check....downtrend on M1 can just be a retrace/pullback on higher timeframes....... George took trades on / posted M1 timeframe.....M15 timeframe showed "downtrend" too.... (I don't use TMA......)

I really don't see the "downtrend" you say

Look what I mean George's entry can be seen with red arrows near the highs at TMA extreme

Now my chart I put an arrow where you see where George entered. As you can see, there was only UP movements before George's entry

Best regards, Duy
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 45 KB
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