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Price action at the core / tma intra day

  • #3,241
  • Apr 4, 2019 4:29am Apr 4, 2019 4:29am
Quoting Yoshibomb
{quote} Good day Kevin Thanks for the information I wish I can understand more psychology!! Cheers Yoshi

Hello Yoshi ,,,

Please study this post for PRICE ACTION AND MORE IMPORTANTLY MM PSYCHOLOGY
Post 2407
https://www.forexfactory.com/showthr...2#post12132752

Cheers
George
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #3,242
  • Apr 4, 2019 4:37am Apr 4, 2019 4:37am
Now I completely 100% understand that the Inner Circle is perhaps another 3 or more years away as I aim to transition my life towards becoming a professional trader.

I'm wondering if there are one day passes available just to sit and absorb the ambience even just for a few hours??

The minimal Skype sessions I have had the pleasure to have with George and Pete have done absolute wonders for me and I'm always hungry to deepen my knowledge.

Anyway just putting it out there.

Anthony
Empty your mind and let the market guide you
  • #3,243
  • Apr 4, 2019 7:05am Apr 4, 2019 7:05am
Quoting chararu
Hi everyone. Could someone comment on my chart. The red line shows price extended outside the TMA band at London open. Is this what we are looking for. Further, this zone, is close to an H4 previous reversal zone, giving more confluence. One very newbie question I have is, do we focus on setups occurring in London and US sessions only. I have seen price closing outside my TMA bands with no follow up, i.e. price may range. How do you guys select set ups to avoid bad ones. George mentions price action, targets and area of interest. I am yet to get...
Hi everyone. Following up on the GBPUSD chart I posted yesterday. GUSD had reached an H4 zone, where price has sold before. I was expecting bears. Yesterday we got price extending outside the TMA bands, (first entry), to achieve close to 50 pips in London session before US session. Today, price opened on same place, but not outside TMA, and for me that meant anticipate selling. Price dropped and one could have booked 50 pips already. I have marked the chart based on my understanding so far. I am new on this forum, comments, suggestions are most welcome. Thank you Chararu.
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  • #3,244
  • Apr 4, 2019 7:08am Apr 4, 2019 7:08am
Of no use whatsoever to most
====================

I've been working on an institutional grade algo for a client recently, the stuff that goes on, jesus. Liquidity Provider is quoting prices to clients at 1 millisecond, BUT client can only fill market orders in 5ms. Prices are firm. Limits go into their book. If anyone knows about matching engines and fills, they will see that quoting every millisecond but only filling every 5 milliseconds and the book is changing prices constantly underneath, how can the client get the best fill without manipulation. Anyway, why am I saying all of this, well it got me to thinking about orders and books. I know as many do, there is more than 1 market maker (liquidity provider or hedge fund) in any one market, be it forex, commodities, indices, whatever.

What if instead of one market maker there is "one book", THE book, not the small books run by each broker/dealer or outfit. But a book shared across sessions, Asia, Europe, America, that all market makers have access too? This is where the money sits, the big bank orders, all the stops, where the easy money is. This would allow market makers to coordinate efforts to run stops. Taking price beyond a certain point makes no sense when the money is cleared out, hence why the precision is exact. Any bank going over where the money was then becomes a target for raiding themselves, so they know not to do it (algo control). It's just a theory of mine, it compliments George's theory but in a different way.

Just thought I would share before the next round of trolling starts. Enjoy your day all.

Kind Regards,
Paul
  • #3,245
  • Apr 4, 2019 10:24am Apr 4, 2019 10:24am
Clear all positions preparing for NFP tomorrow

This week so far,
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Keep dancing brothers, but watch your steps
NIH
Dog + Smile = Beautiful Day
  • #3,246
  • Apr 4, 2019 11:31am Apr 4, 2019 11:31am
Quoting chararu
{quote} Hi everyone. Following up on the GBPUSD chart I posted yesterday. GUSD had reached an H4 zone, where price has sold before. I was expecting bears. Yesterday we got price extending outside the TMA bands, (first entry), to achieve close to 50 pips in London session before US session. Today, price opened on same place, but not outside TMA, and for me that meant anticipate selling. Price dropped and one could have booked 50 pips already. I have marked the chart based on my understanding so far. I am new on this forum, comments, suggestions are...
Final update.Thank you George for sharing your strategy. GUSD trade closed with 94 pips, 3 positions were taken for a total of 282 pips. Trade was on demo. This was one of my first trades and quite successful. Still learning the ropes and will be back testing and studying charts to grow confident and especially to understand price action. Cheers Chararu
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  • #3,247
  • Apr 4, 2019 7:44pm Apr 4, 2019 7:44pm
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LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #3,248
  • Apr 4, 2019 8:51pm Apr 4, 2019 8:51pm
Quoting George AUS
{image}
Thanks George for the summary again and again. Still working on reading that price action at the tops and bottoms.

The journey continues.

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Empty your mind and let the market guide you
  • #3,249
  • Apr 4, 2019 9:06pm Apr 4, 2019 9:06pm
Thanks George

Rambos
  • #3,250
  • Apr 5, 2019 2:38am Apr 5, 2019 2:38am
hi,

the best way to decide what is all about, is first hand experiencing it.
so i went ahead and about a week ago contacted George.
George was generous with his time, and also to include me to his skype trading group.

when George says he is a master trader, he isnt exaggerating! HE IS A MASTER TRADER!
he offers a unique look on the market, and i suspect it suits more the traders with some experience than a complete newbie.
i believe we just scratch the surface, his market knowledge is huge, and of course it takes time and practice and more practice and some more practice to get the most of that learnt from him.
but even a short week was enough to change some ways i am looking at the market, how to think about the market, and how to profit better from this market; in George's way: " to get paid what i worth".

i strongly believe that anyone can only benefit from time to spent with George, and learning what he has to offer.
and he sure is a busy man, with many things on his plate, so is very kind of him to share his time with strangers so generously.
i am ever grateful for his effort so far, and sure hungry to learn more for him.
George is one of the rare gem of this forum!! the real deal!

A big thank you for George, and the others ( and you know who you are!) on the skype group!

happy trading!
zoltan
there is always, always another trade!!
  • #3,251
  • Apr 5, 2019 3:50am Apr 5, 2019 3:50am
Quoting profitfarmer
hi, the best way to decide what is all about, is first hand experiencing it. so i went ahead and about a week ago contacted George. George was generous with his time, and also to include me to his skype trading group. when George says he is a master trader, he isnt exaggerating! HE IS A MASTER TRADER! he offers a unique look on the market, and i suspect it suits more the traders with some experience than a complete newbie. i believe we just scratch the surface, his market knowledge is huge, and of course it takes time and practice and more practice...

Zoltan ,,,

Thank u for ur kind and warm words sir ,,,,
As i have always said ,,,
WHEN YOU KNOW ,YOU KNOW ,,,,
NOTHING MATTERS ANYMORE TO GEORGE ! ! ! !

GEORGE'S VISION IS ,,,,
TO OPEN THE EYES OF ANY TRADER WHO WISHES TO MASTER THE ART OF TRADING ! ! ! !

I am Glad you have seen the light ,,,
It has been a pleasure to get to know the REAL MAN behind the name ! ! ! !

Cheers
George
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #3,252
  • Apr 5, 2019 4:24am Apr 5, 2019 4:24am
Quoting George AUS
{image}
Thank you George for the reminder to keep on refreshing on post 2407. I am practising every time I get an opportunity. I took a trade today on GUSD already about 40 pips in profit. Price came out of TMA bands on M5. HH and LH followed which I traded.
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  • #3,253
  • Apr 5, 2019 6:45am Apr 5, 2019 6:45am
Quoting profitfarmer
hi, the best way to decide what is all about, is first hand experiencing it. so i went ahead and about a week ago contacted George. George was generous with his time, and also to include me to his skype trading group. when George says he is a master trader, he isnt exaggerating! HE IS A MASTER TRADER! he offers a unique look on the market, and i suspect it suits more the traders with some experience than a complete newbie. i believe we just scratch the surface, his market knowledge is huge, and of course it takes time and practice and more practice...
You are a reputed member. Your opinion is important for me. Thanks
  • #3,254
  • Apr 5, 2019 6:47am Apr 5, 2019 6:47am
Hi chararu,
That was a good trade I think.
I am new to this thread and have messaged George, and following his instructions to me.

I have a question in relation to your entry value and the stop loss approx 8 pips under the Selling point---forgive my values as they are taken from your chart and the print is very small--
Details below

Did the Stop Loss trigger an exit because it is below your entry or did you override it---perhaps

But sell at 1.31045 Ref 140164861
Set Stop Loss at 1.30965 (approx)--same ref number 140164861

And the lower purple line at approx 1.30789 --(Target)??

I believe your stop loss should have been above the entry price.

Look forward to your reply---it's a fantastic site and I enjoy the valued posts

More green pips 4 U buddy.
Ben
  • #3,255
  • Apr 5, 2019 7:09am Apr 5, 2019 7:09am
Quoting btrfx1
Hi chararu, That was a good trade I think. I am new to this thread and have messaged George, and following his instructions to me. I have a question in relation to your entry value and the stop loss approx 8 pips under the Selling point---forgive my values as they are taken from your chart and the print is very small-- Details below Did the Stop Loss trigger an exit because it is below your entry or did you override it---perhaps But sell at 1.31045 Ref 140164861 Set Stop Loss at 1.30965 (approx)--same ref number 140164861 And the lower purple line...
Hi Ben. I moved the SL to that position after price had dropped. I move my SL progressively behind price swings. Hope I answered you properly.
  • #3,256
  • Apr 5, 2019 7:22am Apr 5, 2019 7:22am
Hi Chararu,
Thank you for the reply, it answered my question perfectly.

I trade short term intraday and ,like what I see here, just need to do all of my homework as per Georges instructions first before I can join the family and become a member of this prestigious group of people.

Bed time here.

Goodnite and pips to everyone.
  • #3,257
  • Apr 5, 2019 8:10am Apr 5, 2019 8:10am
Hi George and all,

Journeys to target continue!!!

Cheers,
Edwart
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- X -
  • #3,258
  • Edited 1:03pm Apr 5, 2019 8:35am | Edited 1:03pm
Quoting chararu
{quote} Final update.Thank you George for sharing your strategy. GUSD trade closed with 94 pips, 3 positions were taken for a total of 282 pips. Trade was on demo. This was one of my first trades and quite successful. Still learning the ropes and will be back testing and studying charts to grow confident and especially to understand price action. Cheers Chararu {image}
hello chararu..
Attached Image
Know The Presence Of The Market
  • #3,259
  • Apr 5, 2019 10:16am Apr 5, 2019 10:16am
Quoting jesxrussel
{quote} hello chararu..{image}
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Hi jesxrussel

You can find that in this thread.

Open the paperclip. Also read that post.

Good luck

Herman
  • #3,260
  • Apr 5, 2019 10:16am Apr 5, 2019 10:16am
Quoting btrfx1
Hi Chararu, Thank you for the reply, it answered my question perfectly. I trade short term intraday and ,like what I see here, just need to do all of my homework as per Georges instructions first before I can join the family and become a member of this prestigious group of people. Bed time here. Goodnite and pips to everyone.
All the best Ben. I am new to George's strategy and am still demoing. I am only focusing on GU and sometimes look at GJ as they behave the same, most times. Price action is key. What sometimes helps me to hold the trade longer, besides high timeframe confluence, is price respecting the mid line of the TMA after it has given us an entry point. Post charts once you are ready.
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