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Price action at the core / tma intra day

  • #1,541
  • Mar 1, 2019 5:07am Mar 1, 2019 5:07am
Quoting swd
This is a serious question, when the flash crash happened on 2nd January, did anyone find themselves dealing with this situation on GBPJPY (happened on alot of other pairs as well) and if so how? {image} Regards, Paul
Hi swd

Yes, I have a fix for that flash crash but you need to build a EA to do it. Create a EA that uses Starc Bands or George's verison. Set it to about multiplier 9 and run it based on the H4 Chart. The stop loss will hit the outer band so you will really get a hard hit.
BUT you now set it to BUY back or take a reversal trade on the way back at a slightly higher Lot size. This way will end up with green pips three weeks later. I tested this on my EA tester and every single large spike does return to base or close enough.
I have it running on every EA account I am running at present.

The other version I tested was a Bollinger Band 100 / 2 which also works.
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Trading thin liquidity at the boundary of the charts
  • #1,542
  • Mar 1, 2019 5:11am Mar 1, 2019 5:11am
Quoting RickM
{quote} Hi swd Yes, I have a fix for that flash crash but you need to build a EA to do it. Create a EA that uses Starc Bands or George's verison. Set it to about multiplier 9 and run it based on the H4 Chart. The stop loss will hit the outer band so you will really get a hard hit. BUT you now set it to BUY back or take a reversal trade on the way back at a slightly higher Lot size. This way will end up with green pips three weeks later. I tested this on my EA tester and every single large spike does return to base or close enough. I have it running...
Hi Rick,

Thanks for replying. It is a good idea and I will explore that also. Currently trying out a version that waits for a close candle back inside the bands to avoid the majority of the shock.

Kind Regards,
Paul
  • #1,543
  • Mar 1, 2019 5:17am Mar 1, 2019 5:17am
Quoting FriendA
messed around with some settings. missed tma by 2 pip although reached herd validity support area. wonder if im staying true to my playground or just my settings are off lol. kev {image}
It's a dynamic things, so why not have dynamic settings?
  • #1,544
  • Mar 1, 2019 5:27am Mar 1, 2019 5:27am
Quoting RickM
{quote} Hi swd Yes, I have a fix for that flash crash but you need to build a EA to do it. Create a EA that uses Starc Bands or George's verison. Set it to about multiplier 9 and run it based on the H4 Chart. The stop loss will hit the outer band so you will really get a hard hit. BUT you now set it to BUY back or take a reversal trade on the way back at a slightly higher Lot size. This way will end up with green pips three weeks later. I tested this on my EA tester and every single large spike does return to base or close enough. I have it running...
Ok. I realise that was a terrible explanation of mine. So at "x" pips outside of the TMA band the flash crash setting is enabled, where "x" is a reasonably large number based on last 22 years of testing. Once enabled, take an entry ONLY when a candle closes inside one of the extreme TMA band settings. You will miss the ultimate best seat on the house but you also avoid alot of the averaging drama that you *might* get into, plus 3 weeks swaps, etc etc

Kind Regards,
Paul
  • #1,545
  • Mar 1, 2019 5:36am Mar 1, 2019 5:36am
WATCH ALERT

Keep a eye out for a Reversal on the Beast (GBPNZD) at 1.9386
Trading thin liquidity at the boundary of the charts
  • #1,546
  • Mar 1, 2019 5:42am Mar 1, 2019 5:42am
Quoting RickM
WATCH ALERT Keep a eye out for a Reversal on the Beast (GBPNZD) at 1.9386
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NIH
Dog + Smile = Beautiful Day
  • #1,547
  • Mar 1, 2019 6:02am Mar 1, 2019 6:02am
Crunch time right now, its stop running after an exhaustion run ending with a 123 setup. The Beast should Fly upwards now.
Trading thin liquidity at the boundary of the charts
  • #1,548
  • Mar 1, 2019 6:06am Mar 1, 2019 6:06am
Quoting RickM
Crunch time right now, its stop running after an exhaustion run ending with a 123 setup. The Beast should Fly upwards now.
and of course I change my side too.. lol

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NIH

ps. my Christmas Tree Chart visit by Santa.. hehehe
Dog + Smile = Beautiful Day
  • #1,549
  • Mar 1, 2019 6:15am Mar 1, 2019 6:15am
For MY NORTHERN NEIGHBOUR ! ! ! !

P.S.

LUUUUUUUUUUUV THE CHRISTMAS TREE CHARTS ! ! ! !

Cheers,
George
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LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #1,550
  • Mar 1, 2019 6:16am Mar 1, 2019 6:16am
OK a few nice trades on the Beast.

It actually RAN past my target area and turned on a 123 setup. This is a classic Buy / Sell / Buy setup where it throws traders into confusion. If we don't see a spike like normal, I look for a 123 which often included a 2b.

Beautiful 30 pips

BUT - its still going to go down so SELL
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Trading thin liquidity at the boundary of the charts
  • #1,551
  • Mar 1, 2019 6:24am Mar 1, 2019 6:24am
So I'm selling BUT as now trade is set to Break Even - I have NO risk.
There is a 81 pip space with just a Monthly line in 31 pips in the way.
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Trading thin liquidity at the boundary of the charts
  • #1,552
  • Mar 1, 2019 6:29am Mar 1, 2019 6:29am
Quoting RickM
So I'm selling BUT as now trade is set to Break Even - I have NO risk. There is a 81 pip space with just a Monthly line in 31 pips in the way. {image}
Check ur PM sir
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #1,553
  • Edited 7:14am Mar 1, 2019 6:31am | Edited 7:14am
OK this will be the last post on the Beast to avoid being a pain in the arse.
Now i got a warning - 123 to the upside so I am taking 4 Pips and will now wait to see the outcome.

Price action will confirm or warn us in the movements. A 123 setup is just like George talks about, its the big players throw a few balls one way but running and hitting the other direction.
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Trading thin liquidity at the boundary of the charts
  • #1,554
  • Mar 1, 2019 7:09am Mar 1, 2019 7:09am
Hi George

I can see why you have a small team working alongside you. All three GBP pairs were reversing at the same time and its got me thinking how could you be trading all two or three charts at the same time without making mistakes. May I ask if you concentrate on just one pair ( my guess is you like GBPJPY ) while your trading partner takes care of GBPUSD.
You nailed that trade George.
Trading thin liquidity at the boundary of the charts
  • #1,555
  • Mar 1, 2019 7:21am Mar 1, 2019 7:21am
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  • #1,556
  • Mar 1, 2019 7:33am Mar 1, 2019 7:33am
George,
I was watching GBPAUD for 3 days heading up. According to the instruction I knew it was heading towards the 4h target. As soon as it hits the target it came down 150 pips. I was cautious some grinding would take place at that level but it came down hitting the target. Just familiarizing myself with the concept. Thank you
JP
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  • #1,557
  • Mar 1, 2019 7:40am Mar 1, 2019 7:40am
Quoting Bushy
{quote} It's a dynamic things, so why not have dynamic settings?
hi bushy, thx for comment but sorry i dont really understand. do u mean be dynamic n try different settings?

anyways it happened when i went out...
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  • #1,558
  • Mar 1, 2019 9:27am Mar 1, 2019 9:27am
Snap i took the same 3 trades as george i took 50 pips that was me for the day thanks to george











regards rodd
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  • #1,559
  • Mar 1, 2019 10:16am Mar 1, 2019 10:16am
Quoting FriendA
{quote} hi bushy, thx for comment but sorry i dont really understand. do u mean be dynamic n try different settings? anyways it happened when i went out... {image}
Yes, if the market is continually changing, change the settings to match? But probably more applicable for different pairs rather than different time for same pair. Like George says, experiment, it's what works for you, what George shows is fundamental understanding essentially, with some trading approach.

But the main core thing is that target pattern, that is the fundamental thing, if you get that then your half way there at least. I identified this pattern for myself, oh about 3 year or more ago, should have focused on it and learnt how to trade it as a core plan rather than try and use it as part of my trading. Ahh, but you know hindsight, if I only knew then what I know now and all that.
  • #1,560
  • Mar 1, 2019 10:44am Mar 1, 2019 10:44am
Good day everyone,
pls how do i get the custom indicator TmaTrue .
Thank you very much
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