Quoting matthew89DislikedThanks for the update and your dedication to creating free indicators mate, I'm looking forward to the MTF version.Ignored
Quoting aavenDislikedThanks Robots4me for sharing your hard work to the communityIgnored
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Money management: Capital needed per 0.07 USD per microlot 0 replies
The Volume Detective 411 replies
Quoting matthew89DislikedThanks for the update and your dedication to creating free indicators mate, I'm looking forward to the MTF version.Ignored
Quoting aavenDislikedThanks Robots4me for sharing your hard work to the communityIgnored
Quoting 4fxonlyDislikedI'm posting something that might shed some more light on the 5000 bars theory. These 2 screenshots show the indicator set to 4500 and 5000. See what a difference only 500 bars can make? Let alone if we go down to even a shorter number... Basically at this point in time we don't see any bottom on that TF. That of course doesn't go to state that I was right and you were wrong because a similar situation can happen with 5000 bars as well and off course we have higher TFs to back us up, but the point of this exercise is that we do need a certain amount of older data to pinpoint those targets, and cutting down the number of bars too much might make the indi pretty much useless compared to a manual drawing.Ignored
Disliked{quote} @4fxonly -- good point and example. Okay -- I'll buy into the notion there will be situations where 5000 bars are necessary, but I'm not inclined to make that the default value. As @Nih98 pointed out, all you really need to know are the lines within close proximity of the current Ask/Bid. Let's say the goal is to have 3 alive TOPS and 3 alive BOTTOMS. How many bars will that require -- 500? 2000? 5000? It will vary by symbol, time frame, current market conditions, etc. So -- I was thinking of making the default something like 2000 bars....Ignored
Quoting mchl13DislikedWould it be possible to have, on the same graph, a button for each TF, in order to display at will the desired fractals of the TF.Ignored
Disliked{quote} @4fxonly -- you made a comment a few posts back (post #98) that I thought was interesting (a) because you stated it as given, and (b) I don't necessarily agree (at least not yet). You bring up an important issue that goes to the heart of why even bother using an indicator to mark-up charts if your eyes and brain are so superior. I'm curious to learn how others think of this -- hence, this post. For the moment, let's set aside the point that an indicator can do it faster. For the sake of argument, let's assume it takes the same amount of...Ignored
Quoting =aavenDisliked...Using the Same tool as MM (Using a Diamond to cut a diamond}...Ignored
Quoting Nih98Disliked..Target Both..Ignored
Quoting Nih98Disliked...remember that more higher mean more expensive...Ignored
Quoting moodybotDislikedI would look to prioritise the search to find such levels.Ignored
Disliked{quote} Hello @moodybot -- this is excellent, thanks very much. I would have given your post 100 "likes", but unfortunately FF limited it to just one. Please let @George know he can derive much satisfaction knowing his methodology continues to spawn much interest.Ignored
Disliked{quote} @Nih98 -- in post #130 you had responded to @heispark question of how to interpret the AUDJPY chart and you responded "Target Both".
(1). Do you mean you open hedging positions?
(2). I had another question -- once you decide to focus on a particular target -- how do you exit? Do you set a TakeProfit close to the target price? I recall @George saying he did not hedge. But he also intentionally didn't want to say anything more about how he traded. So, in trying to figure out how best to approach this methodology of focusing on MM targets then...Ignored
Disliked{quote} @Nih98 -- in one of the charts you posted (post #96) you included the comment -- "remember that more higher mean more expensive". So, let's suppose there is an area of price consolidation and the herd density of TOPS and BOTTOMS are similar and approximately the same distance from the current Ask/Bid. (1).Are you suggesting the MM is more likely to take out the BOTTOMS because it is less expensive for them? (2).And why is it less expensive? Is it because they don't need to actually buy until after the transaction closes?Ignored
Quoting silverauDislikedMay I make a suggestion here to possibly improve the MM lines?
Maybe only draw those lines from points that occur in higher volume trading times/sessions? Plus the larger pivots/turns
Those points likely represent places where there is higher volume for the MM to target.
This assumes that the lines drawn from points in lower volume times of day are probably much less attractive areas for MM to target.Ignored
Quoting moodybotDislikedGeorges methodology is sound. Very. But difficult to replicate via an EA or indicator, even unwise to. However, perhaps looking for 3 or more levels, unbroken but within a few pips span of each other could be highlighted in your indicator. It would be up to the individual to determine the gap but worth thinking about...Ignored
Quoting Nih98DislikedNo, not hedging positions just standard entry, depend on current situation,Ignored
Quoting Nih98DislikedHopefully by looking at this bellow picture and explanations, you could understand on how, when, where, and why you should entry or exit.Ignored
Quoting Nih98Disliked(1). Yup, that's why we frequently see that waterfalls (falling knives/spike down) more extreme and faster, compare to fountains (spike up). and also natural market psychology, where negative news/rumors will give bigger market impact because 'fear' always stronger than hope..lol.
(2). Exactly. and as we know mostly retail/herd mindset, love to bite that down momentum without think twice because they always think that current low is always the lowest low, and keep repeat that 'behavior' forever..lol.Ignored