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Price action at the core / tma intra day

  • #3,341
  • Apr 9, 2019 9:34am Apr 9, 2019 9:34am
Taken out by the killer pin, wow!
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- X -
  • #3,342
  • Edited 10:12am Apr 9, 2019 9:55am | Edited 10:12am
I have marked up this chart based on what I have read and re-read thus far.
It seems as though when the awkward W shape is formed, and a lower low (or higher low for buying) forms, and then we have the thrust upwards/downwards of our original target line, validation is complete and the MM have shown their hand. Is that correct?
Apologies for my markings if they are unclear.
yellow arrows = points where price has hit the previous high but not broken it. (Lower Low in yellow arrow also as I'm a numpty)
Magenta arrows = where I think I should place my sell orders.
Weird shaped W in white = not sure about it really but I keep seeing it on all time frames and just before a move down or up as I mentioned above?
Thank you
Steve
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  • #3,343
  • Apr 9, 2019 10:35am Apr 9, 2019 10:35am
Is the GBPJPY setting up for a potential trade on the 1H chart and as per your guidance in this thread George?
I can see the multiple touches but unbroken lower price.
A higher high before the original lower price is then broken and my aptly named weird M shape formed (it's a weird W shape for sells I think).
Now it is just sitting there waiting to strike and prices should go higher to potentially the green target area from 4 Hour chart?
Is this correct please (note: that is not a request for spoon feeding)?
Thank you
Steve
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  • #3,344
  • Apr 9, 2019 10:46am Apr 9, 2019 10:46am
Thank you for the prompt response ProfitFarmer and guidance which I shall study carefully.
  • #3,345
  • Apr 9, 2019 11:20am Apr 9, 2019 11:20am
Quoting Scchplendid
Thank you for the prompt response ProfitFarmer and guidance which I shall study carefully.
removed the post. the only reason was to help you with the target lines to be corrected.
it is all in in post#1583 how to draw them correctly, going forward.
there is always, always another trade!!
  • #3,346
  • Apr 9, 2019 12:01pm Apr 9, 2019 12:01pm
Quoting TopCover
This trade is in play - will I succeed? Laying it out there friends - its live right now {image}
Looks like SnD analysis...i have the same setup..although a bit late to enter..hope the TP hit
  • #3,347
  • Apr 9, 2019 4:30pm Apr 9, 2019 4:30pm
Hi Folks,

When information seems hard to understand, and maybe far from reach.

Don’t quit.

It might be just ahead of you. (And then you will see it was in plain sight all along).

This info isn’t cryptic, isn’t unachievable and will only need hard work.

And time spent watching the charts to get it (over multiple timeframes all at once). THAT is the hard work.

Observe what the market does. It’s Mechanics. It’s own Psychology.

Price is being swept up & down, in front of your eyes.

Look at what the market does at the extremes, when it DOES turn.

Don’t just focus (initially) on what price did getting to the turning points, but why it MAY have stopped where it did. The precision is often art in motion.

All the best with it, and don’t give up.

Pete
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  • #3,348
  • Apr 9, 2019 4:45pm Apr 9, 2019 4:45pm
Quoting TimeTells
Hi Folks, When information seems hard to understand, and maybe far from reach. Don’t quit. It might be just ahead of you. (And then you will see it was in plain sight all along). This info isn’t cryptic, isn’t unachievable and will only need hard work. And time spent watching the charts to get it (over multiple timeframes all at once). THAT is the hard work. Observe what the market does. It’s Mechanics. It’s own Psychology. Price is being swept up & down, in front of your eyes. Look at what the market does at the extremes, when it DOES turn. Don’t...
Hi Pete,

Like you say the "Art of Precision" there are no "Coincidences" when it comes to Price....
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  • #3,349
  • Apr 9, 2019 5:10pm Apr 9, 2019 5:10pm
Quoting stevepatt
{quote} Hi Pete, Like you say the "Art of Precision" there are no "Coincidences" when it comes to Price.... {image}
Steve

You may want to read the thread PDF attached to the paperclip on the top right side to get some idea of what the thread is about as it is clear from the charts you have posted that you haven't read the thread.

Just a suggestion. before you clutter up the thread with unrelated posts....

Dave
  • #3,350
  • Apr 9, 2019 6:15pm Apr 9, 2019 6:15pm
Quoting ozziedave
{quote} Steve You may want to read the thread PDF attached to the paperclip on the top right side to get some idea of what the thread is about as it is clear from the charts you have posted that you haven't read the thread. Just a suggestion. before you clutter up the thread with unrelated posts.... Dave
Hi Dave
I disagree, I use this as a filter. If you look at Sunday's UJ first low you see this occurring a day before price drops through that previous herd validation area. One pip difference between previous low and new weeks first low. It shows as a tight double line on my marked up charts.

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Cheers Simon
  • #3,351
  • Edited 10:18pm Apr 9, 2019 6:15pm | Edited 10:18pm
Quoting stevepatt
{quote} Hi Pete, Like you say the "Art of Precision" there are no "Coincidences" when it comes to Price.... {image}

Spot on Steve.


I posted a little before about my own take on studies #101 (basic price trading) re George’s Market Mechanics (and Observations at Price Extremes).

This is #101. A matter of patience and waiting for the market to move to you.

And each trader will know they have got it when their (demo) trades are now >90% winners. And going into each session KNOWING you will take winners.

Once #101 is absorbed & integrated into daily trading - the Journey is underway.

From basic price trading at pressure zones, both George & Kevin a while back then pulled apart market trading from the DAILY CHARTS with entries from the 1min. These can be the big run trades getting in at the tops or bottoms.

NOW.

Last night (in Oz) price had been stagnant (GJ-GU) during the Frankfurt/London openings where the price range was very, very tight compared to other days.

The fake news then came out about Merkel regarding May & Brexit and the subsequent 3 x 1min burst candles allowed sell profits to be taken from the pressure zones.

BUT. It got more interesting after that !!!!

After price had settled down “in a range” again Pre-NY, out of the blue, George began trading at another level of mastery imo.

George started working the tiny ranges. But NOT from pressure zones. NOT from tma’s.

On the 15 min chart George was assessing & trading miniscule price momentum in conjunction with the 1hr chart & the 4 hr chart and their 200-20-7 sma’s.

In a tightly held market of a 16 pip total price range over an hour or two George clocked upwards of (edit) 200 pips (not joking, might have been more in the end), working the candles and calling the trades as they happened, while predicting price direction prior to the moves.

AMAZING TRADING. I have again been shown by George that the possibilities in this business are endless. He is truly boundless in my eyes.


All the best
Pete
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  • #3,352
  • Edited 10:25pm Apr 9, 2019 6:46pm | Edited 10:25pm
Goooooooood Aussie morning peeps ,,,

I get many traders that come to me day after day ,,,,
They want to become master traders in a month ,,,,,
They want me to tell them what is it to look for to buy the bottom and sell the top ,,,,,
Time after time ,, i keep repeating myself to each one of them ,,,,
IF GEORGE DID 16 CONTINUOUS YEARS AND OVER 40,000 HOURS ,,,,
WHO ARE YOU TO WANT TO DO IT IN LESS TIME ! ! ! !
BUT ,,, They are always told ,,, they are lucky ,,, because ,,,,
THEY HAVE A GEORGE ,,, THAT GEORGE DID NOT HAVE THROUGH HIS HARD JOURNEY ! ! !

MASTERY IS NOT SOMETHING THAT IS ACHIEVED IN 1 MONTH OR EVEN 1 YEAR ! ! ! !
It requires countless hours ,,,, in the thousands ,,,,, as i am speaking from personal experience ,,,,

On few occasions i have been posting about the importance of looking at ,,,
FRACTAL NATURE OF THE MARKET ,,,,,
LOOKING AT THE MARKET AS A COMPLETE PICTURE ! ! ! !

I would like to share something here for the benefit of all ,,,,
Especially for the traders who are struggling ,, BUT ,,,
NOT DOING THE WORK ,,,, AS MANY ARE LAZY ,,, AND JUST MAKE EXCUSES ! ! ! !

What you are witnessing here ,,,, is ,,,,
NOT SOMETHING I USUALLY DO ,,,, BUT
I THOUGHT IT MIGHT BE AN INSPIRATION FOR THE MANY LAZY SODS ,,, AND ALSO THE HARD WORKERS JUST THE SAME ! ! !

The market presented me with an amazing setup last night AS USUAL ! ! ! !
I was in the company of few friends ,,, Timetells ( Pete ) ,,, RickM ,, Pooh123 ( David ) ,,, and of course Angelo ,,,,
NO there was NO Teamviewer opened at the time ,, as i do not do that when i am trading ,,,,
I was talking through the price action as it was developing ,,,,

This trading history you are seeing was based TOTALLY on the 15 MNT ,,, 1 HOUR ,,
AND MOST IMPORTANTLY ,,,
THE 4 HOUR CHART ,,, AS I DID EXPLAIN TO THEM WHY THAT WAS JUST AN AMAZING SETUP ,,,,,

They were all based on the moving averages on ALL of them ,,, reading the momentum ,,,,
That may seem like nothing to many traders ,,,, BUT
TO THE TRAINED EYE,,,, IT WAS ,,,, JUST GOLD ! ! ! !

I have NOT added up the pips ,, BUT ,,,
I KNOW IT IS ATLEAST BETWEEN 200 AND 300 SOMEWHERE in 2 HOURS AND 30 MNTS IN TOTAL ! ! ! !
The market range was ONLY 20 PIPS RANGE MOST OF THE TIME AS U WILL SEE ON THE CHART ,,,,

Hope this will help some to see the POWER of KNOWLEDGE AND EXPERIENCE AT WORK ,,,,
AT ANY GIVEN TIME ,,, THERE WAS NO GUESSING ABOUT ANY OF THE ENTRIES ! ! ! !
NOT ONE LOSING BASKET ALL NIGHT ! ! ! !
THE SECTION TRADED IS IN THE GREEN BOX ! ! ! !

Cheers
George

P.S
THAAAAAAANK YOU MASTER MOHAMMAD ALI ! ! !
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LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #3,353
  • Apr 9, 2019 7:02pm Apr 9, 2019 7:02pm
Quoting TimeTells
Last night (in Oz) price had been stagnant (GJ-GU) during the Frankfurt/London openings where the price range was very, very tight compared to other days. The fake news then came out about Merkel regarding May & Brexit and the subsequent 3 x 1min burst candles allowed sell profits to be taken from the pressure zones. BUT. It got more interesting after that !!!! After price had settled down “in a range” again Pre-NY, out of the blue, George began trading at another level of mastery imo. George started working the tiny ranges. But NOT from pressure...
Thaaaaaaaaaank you Pete ,,,
You are a GEM ! ! !
We do all this in the HOPE of opening the eyes of some sir ! ! ! !

IT SURE WAS AN AMAZING FUN SIR ! ! ! !

Cheers
George
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #3,354
  • Apr 9, 2019 7:23pm Apr 9, 2019 7:23pm
wow a did always say GEORGE the best of the best amazing, well we all have to go back to the drawing board and found out the amazing set up he won't happen overnight but it will happen ???????????? only hard work will pay at the end of the day. nothing happens in a silver platter only if you are born rich?
  • #3,355
  • Edited 9:41pm Apr 9, 2019 8:56pm | Edited 9:41pm
Quoting TimeTells
{quote} ... George began trading at another level of mastery imo. George started working the tiny ranges. But NOT from pressure zones. NOT from tma’s. On the 15 min chart George was assessing & trading miniscule price momentum in conjunction with the 1hr chart & the 4 hr chart and their 200-20-7 sma’s. In a tightly held market of a 16 pip total price range over an hour or two George clocked upwards of 300 pips (not joking, might have been more in the end), working the candles and calling the trades as they happened, while predicting price direction...
I was there too and witnessed all that. Initially I thought George was reading out trades taken by his EA. Later I realized he was calling trades by himself. A trading range of 16 pips turned into a gold mine for George. Simply amazing ! I wouldn't have believed it if I had not experienced it.
  • #3,356
  • Apr 9, 2019 9:17pm Apr 9, 2019 9:17pm
Quoting George AUS
{quote} Thaaaaaaaaaank you Pete ,,, You are a GEM ! ! ! We do all this in the HOPE of opening the eyes of some sir ! ! ! ! IT SURE WAS AN AMAZING FUN SIR ! ! ! ! Cheers George
Sir George,

I have been reading your nuggets for a while now and I am absolutely amazed by the information you have provided to the FF community. I have started to understand the psychology of the market very well. Also about the MM, I have been thinking about the same thing. What I also noticed is that rather than fundamentals, price action is governing the fundamentals. It might be possible that MM is using the news as an extra hand sometimes to get to the targets.

This thread and you Sir George truly a GEM !

Thanks,
Halis
  • #3,357
  • Apr 9, 2019 10:33pm Apr 9, 2019 10:33pm
Quoting George AUS
Goooooooood Aussie morning peeps ,,, I get many traders that come to me day after day ,,,, They want to become master traders in a month ,,,,, They want me to tell them what is it to look for to buy the bottom and sell the top ,,,,, Time after time ,, i keep repeating myself to each one of them ,,,, IF GEORGE DID 16 CONTINUOUS YEARS AND OVER 40,000 HOURS ,,,, WHO ARE YOU TO WANT TO DO IT IN LESS TIME ! ! ! ! BUT ,,, They are always told ,,, they are lucky ,,, because ,,,, THEY HAVE A GEORGE ,,, THAT GEORGE DID NOT HAVE THROUGH HIS HARD JOURNEY !...
your post and thread are the best , I have been reading here , there seems to be something vary valuable ,I appreciate your effort for teaching
Neither a Bro Nor a Pro I am I
  • #3,358
  • Apr 9, 2019 10:55pm Apr 9, 2019 10:55pm
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LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #3,359
  • Apr 10, 2019 1:03am Apr 10, 2019 1:03am
Quoting George AUS
Goooooooood Aussie morning peeps ,,, I get many traders that come to me day after day ,,,, They want to become master traders in a month ,,,,, They want me to tell them what is it to look for to buy the bottom and sell the top ,,,,, Time after time ,, i keep repeating myself to each one of them ,,,, IF GEORGE DID 16 CONTINUOUS YEARS AND OVER 40,000 HOURS ,,,, WHO ARE YOU TO WANT TO DO IT IN LESS TIME ! ! ! ! BUT ,,, They are always told ,,, they are lucky ,,, because ,,,, THEY HAVE A GEORGE ,,, THAT GEORGE DID NOT HAVE THROUGH HIS HARD JOURNEY !...
Hi George,

Aren't those trades inside the middle of the washing machine? Would you have taken the trades which appeared in correlation with the targets and TMAs from yesterday's price action in the GBP/JPY?. I've marked two points which were in the pressure zone on the 1min TMAs which correlated with previous tops. I also took into account some of the filters you've mentioned here. However, I didn't understand the SMA based trades YET (Hoping to study that once I get home today).

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Regs,
Alex
  • #3,360
  • Edited 1:30am Apr 10, 2019 1:15am | Edited 1:30am
Quoting alehayden
{quote} Hi George, Aren't those trades inside the middle of the washing machine? Would you have taken the trades which appeared in correlation with the targets and TMAs from yesterday's price action in the GBP/JPY?. I've marked two points which were in the pressure zone on the 1min TMAs which correlated with previous tops. I also took into account some of the filters you've mentioned here. However, I didn't understand the SMA based trades YET (Hoping to study that once I get home today). {image} Regs, Alex

Hello Alx ,,,,
As u may have read my words ,,,
It was based on the 3 Higher time frames BELIEVE IT ,,, OR NOT ! ! ! !
ALSO TIMETELLS ,, EXPLAINED IT ABOVE ,,, BUT
MANY DO NOT READ TO LEARN ! ! ! !
I traded something that many traders can NOT do ,,,,,

George is a complete and versatile master trader ,,,,
I ONLY shared it in the HOPE it may inspire some what can be done in this game

It is called EXPERIENCE ! ! ! !

Something that just happens MAGICALLY with TIME ! ! ! !

Cheers
George
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
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