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Price action at the core / tma intra day

  • #3,301
  • Apr 7, 2019 10:24pm Apr 7, 2019 10:24pm
Hi George,
I certainly appreciate you sharing your insight, it’s very refreshing. 15 pages down & 150 to go.
Always great to connect with another Aussie trader.
Cheers
Simon
  • #3,302
  • Apr 8, 2019 12:54am Apr 8, 2019 12:54am
This trade is in play - will I succeed? Laying it out there friends - its live right now
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  • #3,303
  • Apr 8, 2019 5:18am Apr 8, 2019 5:18am
Quoting TopCover
This trade is in play - will I succeed? Laying it out there friends - its live right now {image}
yes, very interesting price action today on both GU and GY

let's see where they will jump
  • #3,304
  • Apr 8, 2019 5:47am Apr 8, 2019 5:47am
Quoting TopCover
This trade is in play - will I succeed? Laying it out there friends - its live right now {image}
Patience Patience

Wonder where Mr. MM wants his price to be... hmmmm
  • #3,305
  • Apr 8, 2019 6:34am Apr 8, 2019 6:34am
Hello,
I am continuing to digest the content within this thread, and thank you all for sharing so much content, knowledge and experience.
I have uploaded a GU 1M chart whereby I think the herd validation is occurring with the thick magenta lines and will be looking for a potential spike upwards before the down move. Is this correct?
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  • #3,306
  • Apr 8, 2019 6:36am Apr 8, 2019 6:36am
A note for Helen Page39 Post 762
Kind regards

Also Hi George,
I am working hard and hope to be in a position to talk soon. A lot of work marking up the charts on the required time frames Love post 2407
Ben
  • #3,307
  • Apr 8, 2019 7:02am Apr 8, 2019 7:02am
Quoting Scchplendid
Hello, I am continuing to digest the content within this thread, and thank you all for sharing so much content, knowledge and experience. I have uploaded a GU 1M chart whereby I think the herd validation is occurring with the thick magenta lines and will be looking for a potential spike upwards before the down move. Is this correct? {image}
Hi - try to find your pattern on M15. Use M1 chart to determine entry using the TMA channels - that’s the generally agreed process. Don’t look for the pattern on m1 as it’s hard to determine accurately
  • #3,308
  • Apr 8, 2019 7:15am Apr 8, 2019 7:15am
Quoting TopCover
{quote} Hi - try to find your pattern on M15. Use M1 chart to determine entry using the TMA channels - that’s the generally agreed process. Don’t look for the pattern on m1 as it’s hard to determine accurately
Thank you TopCover for the prompt response. I clearly have a lot to learn and wanted to share my, albeit incorrect view, in the spirit of collaboration.
  • #3,309
  • Apr 8, 2019 7:27am Apr 8, 2019 7:27am
Quoting Scchplendid
{quote} Thank you TopCover for the prompt response. I clearly have a lot to learn and wanted to share my, albeit incorrect view, in the spirit of collaboration.
Hey you will get it - the whole thing eventually clicks and is VERY worth spending the time to get it. I only discovered this thread a couple of weeks ago so keep your spirits up and enjoy it - it is truly a great approach!

Ray
  • #3,310
  • Apr 8, 2019 7:50am Apr 8, 2019 7:50am
Quoting TopCover
{quote} Hi - try to find your pattern on M15. Use M1 chart to determine entry using the TMA channels - that’s the generally agreed process. Don’t look for the pattern on m1 as it’s hard to determine accurately
feels like you are rushing ahead with a half baked understanding of what George is doing.
i can be wrong of course. but that is how it feels. to me.
as far as i understand George is trading away from the "target lines".
in that case, your 'SL' line would better qualify to be one, than your entry.

but i am out of here, and getting well again...
just using my down time to read back, gems like post#38 ( and #41) for example.
there is always, always another trade!!
  • #3,311
  • Apr 8, 2019 8:01am Apr 8, 2019 8:01am
I don't have anything to contribute yet but I want to thank Master George for taking the time to help out a newbie like me through Skype. I was a little nervous at first to talk to someone with such caliber but George put me at ease he was kind and warm and also fun to talk to. He pointed out a few major misconceptions I had and gave me a lot to think about and a lot of work to do. Thank you George I am eternally grateful. I will keep a boundless mind and put in the work required and I am determined to get it no matter what. Many thanks also to Pete and Kevin. You guys rock!

Jeannie
  • #3,312
  • Apr 8, 2019 8:39am Apr 8, 2019 8:39am
Oh hello Profitfarmer - and thanks!!

That’s an amusing turn of phrase - “half baked” - I like it! Have you tried gluten free?

Ray


Quoting profitfarmer
{quote} feels like you are rushing ahead with a half baked understanding of what George is doing. i can be wrong of course. but that is how it feels. to me. as far as i understand George is trading away from the "target lines". in that case, your 'SL' line would better qualify to be one, than your entry. but i am out of here, and getting well again... just using my down time to read back, gems like post#38 ( and #41) for example.
  • #3,313
  • Apr 8, 2019 8:41am Apr 8, 2019 8:41am
Quoting TopCover
Oh hello Profitfarmer - and thanks!! That’s an amusing turn of phrase - “half baked” - I like it! Have you tried gluten free? Ray {quote}
Hi Ray,
Not, I am just an average Joe...or Zoltan. LoL.
The focus of the post isn't on the baking though

Cheers,
Zoltan
there is always, always another trade!!
  • #3,314
  • Apr 8, 2019 9:29am Apr 8, 2019 9:29am
Quoting profitfarmer
{quote} Hi Ray, Not, I am just an average Joe...or Zoltan. LoL. The focus of the post isn't on the baking though Cheers, Zoltan
Lol Zoltan.....don't I know it!

Below you will see the segment from my earlier post where I went out on a limb with a live trade ( lol who does that? So many make comments but don't actually post anything of interest or even help with questions from others trying to understand - just sit in their darkened little dens watching posts unfold.)

Can you advise on what was half-baked with the "cleanout" (up) and subsequent move South. You say my stop loss should have ( perhaps) been my target? I'm genuinely confused now though I've been making pips doing it this way .... The larger part of the picture hasn't kicked off yet and might not for some time - maybe that was confusing you Zoltan? I was merely speculating on how that part might kick off.....

Grateful for your reply but let's be generous rather than up-tight and snarky lol lol

Ray
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  • #3,315
  • Apr 8, 2019 9:49am Apr 8, 2019 9:49am
Quoting TopCover
{quote} Lol Zoltan.....don't I know it! Below you will see the segment from my earlier post where I went out on a limb with a live trade ( lol who does that? So many make comments but don't actually post anything of interest or even help with questions from others trying to understand - just sit in their darkened little dens watching posts unfold.) Can you advise on what was half-baked with the "cleanout" (up) and subsequent move South. You say my stop loss should have ( perhaps) been my target? I'm genuinely confused now though I've...
You are doing great and being frank and brave. Don't mind the haters. Just keep going and learn as you do it.
You've been vindicated in any case.
  • #3,316
  • Apr 8, 2019 10:46am Apr 8, 2019 10:46am
Quoting TopCover
{quote} Lol Zoltan.....don't I know it! Below you will see the segment from my earlier post where I went out on a limb with a live trade ( lol who does that? So many make comments but don't actually post anything of interest or even help with questions from others trying to understand - just sit in their darkened little dens watching posts unfold.) Can you advise on what was half-baked with the "cleanout" (up) and subsequent move South. You say my stop loss should have ( perhaps) been my target? I'm genuinely confused now though I've...
Hi Ray,

In my opinion your entry was according to proper Strike Zone and if your TMA on 1m chart showed entry signal than it's a go. It's very much similar to what George provided in post 337. You have set initial big TP (temporary and then reduced?) which is probably different approach from what I studied in this thread, but at the end it's your trade.

You raised very good point and I think it's generally about how George would like to see this thread developing further. Personally I would be carefull to make comments or recommendations to other members as I simply don't know exactly about George trading and this could be misleading. Well, maybe it's only me.

Regards
Alexey
  • #3,317
  • Apr 8, 2019 10:54am Apr 8, 2019 10:54am
Quoting safhammer
{quote} You are doing great and being frank and brave. Don't mind the haters. Just keep going and learn as you do it. You've been vindicated in any case.
oh, man!!
hold those horses right there!!
a hater??? huh?

as for Ray,
i merely implied if set up the targets, like George suggests, at the entry point of the sample chart there seems to NOT have a corresponding M15 level, not to mention anything higher.
however, there seem to be a rather clear looking previous high just above the 'SL' line...

asking for comment, then being offered a comment, then getting helpfulness to be categorized as "dont mind the haters",,, what is next?
it is hardly in the spirit of George!

anyway,
keep it up it suits you guys.

Zoltan
there is always, always another trade!!
  • #3,318
  • Apr 8, 2019 10:56am Apr 8, 2019 10:56am
Quoting alexgvr
{quote} Hi Ray, In my opinion your entry was according to proper Strike Zone and if your TMA on 1m chart showed entry signal than it's a go. It's very much similar to what George provided in post 337. You have set initial big TP (temporary and then reduced?) which is probably different approach from what I studied in this thread, but at the end it's your trade. You raised very good point and I think it's generally about how George would like to see this thread developing further. Personally I would be carefull to make comments or recommendations...
Cheers Alexey - appreciate your thought and enjoying your own activity on the Thread.

Yeah your point is well made regarding recommendation etc - I am in no position to give complex advice on this method, though the one thing I advised someone on earlier today is something I know is dear to Georges' heart i.e. don't use M1 for set-ups. ( I know because George reinforced that with me in a reply last week .)

Lol on reflection I have a tendancy to be slightly ahead of myself at times - sometimes because out of necessity I had to deal with stuff quick-style and on the fly.

Cheers bud!

Ray
  • #3,319
  • Apr 8, 2019 10:56am Apr 8, 2019 10:56am
Quoting TopCover
This trade is in play - will I succeed? Laying it out there friends - its live right now {image}
I am happy that what you are doing is making pips..

But Profitfarmer is correct in saying this is not how George trades.. Now there are other methods George uses to trade TOO targets
but that is not even mentioned in this thread..

What you are doing is placing a trade based on ??? Certainly not what George is teaching..

Now im not knocking you but Im trying too understand why you would place a trade in "No Mans Land"

We only do very high probability setups. This trade of yours does not qualify as such.

I do hope it works out for you.

What we/George do is as PF said... We trade AWAY from the target. NOT too the target.

Once we have identified a target on a Higher tf such as 15m 1 hr etc,,,, We then wait patiently for the market
to come into our playground. There is ZERO guessing involved. Once the market shows its hand and presents itself
in our playground/pressure zone we then counter trade away from that target.

And depending on how the market approaches these targets we may or may not trade away from that level. There
are many filters used... George has outlined them in this thread and others have reposted.
One of them is the price needs to be not only in the playground but the pressure zone as well..

I hope this helps you..As this chart you are showing is not how George trades.

Keep studying and practicing.

Cheers
Kevin
Master your Mind,,,Master the Market
  • #3,320
  • Edited 11:21am Apr 8, 2019 10:58am | Edited 11:21am
So, whilst I have been taking in the advice e.g. marking up lows and valleys, and re-reading each analysis, something from posts 38 and 41 really stood out for me.

Looking at the chart in post 38, it suddenly started to reveal a pattern which I have highlighted. I am continuing to look through blank charts and hopefully identifying and interpreting market structure correctly. George's original is highlighted with yellow and then mine (which I hope is correct) in magenta. During that day 25/01 and using different time-frames, I think I am starting to see the transition by MM from sellers to buyers and vice versa.

I have spent time plotting and trying to use indicators without much trading success in the past. Please do not think that I am being rude by not mentioning the TMA's or settings. I am really keen to nail the market structure and psychology first and foremost.
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