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The Volume Detective 411 replies

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(binned per thread starter’s request) MM (Money Maker) Detective

  • #261
  • Apr 27, 2019 5:43pm Apr 27, 2019 5:43pm
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY 1 MONTH 28 AVRIL 2019.png Size: 4.1 MB
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Click to Enlarge Name: GBPJPY triangular-centered-swingmans.png Size: 42 KB
  • #262
  • Apr 27, 2019 6:16pm Apr 27, 2019 6:16pm
Quoting Nih98
Could we just keep smiling and respect each others please..?? Just like my dog, she always smiling when she bark and bites people.. lol. NIH
THANKS SIR
  • #263
  • Apr 27, 2019 6:19pm Apr 27, 2019 6:19pm
Quoting skyway
{quote} Sorry bluesteele, I have to speak my mind. This is not meant to be offending or to insult you or George or his family members. Your wall of written text which you wrote a number of times now is to me useless to the readers. All you have to do is post relevant charts of your last 10trades. Don't have to write any commentary if you don't want to. Just post those 10trades charts if you wish to help others. George said his purpose of his thread is to help other traders. If his purpose is true, post those entry exit charts. I have made this same...
correct thanks JASON
CHEERS GILBERT
  • #264
  • Apr 27, 2019 7:17pm Apr 27, 2019 7:17pm
Quoting robots4me
Hey gentlemen -- it's perfectly fine to disagree or criticize or whatever. But I'm really tired of seeing threads get pulled into the gutter over "prove this", "prove that", show me this, show me that. I am absolutely not interested in seeing or hearing that. If that's how you guys prefer to interact -- fine. But take it offline and don't subject the rest of us to it. Take a clue -- no one gives a sh-t...
Hi Robots4me

You raise a good point. Many traders just have to follow their own pathway because they are on a life time journey that will hopefully achieve great profitability by their own means.
Good work with your EA.

Be warned though, it took George decades to become a master trader. He has just been kind enough to offer us some help and shorten that timeline considerably.
Trading thin liquidity at the boundary of the charts
  • #265
  • Apr 27, 2019 7:25pm Apr 27, 2019 7:25pm
Quoting robots4me
{quote} Hello @4fxonly -- I haven't yet implemented the "only alive lines" feature, but for sure that will be included. And, yes, you will be able to pick any combination of TFs. The only constraint is the TFs must be equal to or greater than the TF of the chart you are attaching the indicator to.
Thanks. As for "equal to or greater" is actually not a constraint IMHO but a MUST.
  • #266
  • Apr 27, 2019 7:37pm Apr 27, 2019 7:37pm
Quoting skyway
{quote} Sorry bluesteele, I have to speak my mind. This is not meant to be offending or to insult you or George or his family members. Your wall of written text which you wrote a number of times now is to me useless to the readers. All you have to do is post relevant charts of your last 10trades. Don't have to write any commentary if you don't want to. Just post those 10trades charts if you wish to help others. George said his purpose of his thread is to help other traders. If his purpose is true, post those entry exit charts. I have made this same...

Hi Skyway,,,

If i was to put up a chart showing my entries and exits. No commentaries. How will this help you and others ???

Or what use will it be to you and others when you dont know or understand how I and/or George trades?

My useless wall of text ...stating that an indicator to draw lines is of no use..Holds more value than any chart I can post.

Cheers
Blue
Master your Mind,,,Master the Market
  • #267
  • Edited 7:57pm Apr 27, 2019 7:40pm | Edited 7:57pm
Quoting RickM
...Be warned though, it took George decades to become a master trader. He has just been kind enough to offer us some help and shorten that timeline considerably.
Hey @RickM -- yep, I totally get that. And regardless how this all proceeds, by emphasizing "MM psychology" and the importance of identifying targets @George has definitely shortened the timeline -- perhaps not as short as some would like, but significantly. Thanks...
  • #268
  • Apr 27, 2019 8:02pm Apr 27, 2019 8:02pm
Quoting skyway
{quote} Sorry bluesteele, I have to speak my mind. This is not meant to be offending or to insult you or George or his family members. Your wall of written text which you wrote a number of times now is to me useless to the readers. All you have to do is post relevant charts of your last 10trades. Don't have to write any commentary if you don't want to. Just post those 10trades charts if you wish to help others. George said his purpose of his thread is to help other traders. If his purpose is true, post those entry exit charts. I have made this same...
I agree.
  • #269
  • Apr 27, 2019 8:28pm Apr 27, 2019 8:28pm
To my friends RickM and bluesteele...

If I can spare my 2c I wouldn't go as far as to say that an indicator that can draw the targets is completely useless. As I said a few times already, there are levels that, no matter how perfect the indi as presented in this thread will be, will not be detected, but that's where my personal assessment comes in play so I can draw them myself, as well as keep the ones I might deem extremely relevant.
As for the number of pairs, I meant to reply when robots4me was mentioning trading 28 but for some reason I forgot... I will have to second bluesteel's statement 100%, at least with George's methodology... 2 or 3 are more than enough. Would you believe me if I say that lately George has been back to trading only 1 and makes tons of pips every day? ,,,BUT,,, of course, everybody is entitled to their opinion. Only, if you want to consider a little bit of advice: trying to watch a high number of pairs will give you a false sense of boundlessness while in reality it will hinder your analysis and make you lose perspective, which basically translates into missing good opportunities repeating themselves over and over on just one pair.
  • #270
  • Apr 27, 2019 8:45pm Apr 27, 2019 8:45pm
Ok, how about another smile..

Attached Image


and..

as well as your skills, for knives, it is important to be sharp but it certainly becomes more important to be durable and beneficial to many people at all times.
So, the main expertise that must be mastered by financial traders is not a matter of accuracy, but about the durability of money management, about how to enter the market with mistakes and get out of the market with profit.

Practice this one skill continuously, on how to correct wrong entries and always come out as winners, whatever needs to be done.

If you have mastered this skill, then you do not need to listen to all kinds of theories about trading, because you can enter the market at any time in any place and on any market instruments, without the need to think much. But the important thing is you have several strategies to get out of the market by making a profit.

Ok, in relation to this thread, is it necessary to create a tool that can make correct lines automatically and can help us assess better visually? of course yes. If there are smartphones now, isn't it better to use them to communicate than to have to use hand signals or dial phones?

Don't you remember that most of you underestimated George at first place, while I support him since my first post in his thread ?
So, please also don't underestimate the effort in this thread, there's so many roads to Rome.

Wish You All The Best.
NIH
Dog + Smile = Beautiful Day
  • #271
  • Apr 27, 2019 8:48pm Apr 27, 2019 8:48pm
Quoting 4fxonly
...As for the number of pairs, I meant to reply when robots4me was mentioning trading 28 but for some reason I forgot...
@4fxonly (and others) -- for now, let's set aside the issue of number of pairs. For the main issue at hand, we can agree on one pair -- let's say GBPJPY.

The reason I brought up 28 pairs is because that is how many I currently trade -- algorithmically. I would never manually trade 28 pairs -- my office doesn't have room for 28 monitors. The past few years I've been trading portfolio EAs. A portfolio EA is a single EA attached to a single chart that executes dozens of strategies. The strategies are auto-generated, optimized and back-tested -- literally millions per hour. Only the ones that survive back-testing and have the best statistics are merged into a single portfolio EA.

Again -- my error for bringing up 28 pairs. For now, let's simply consider the MM Detective and @SwingMan's indicators are designed for trading a single pair -- GBPJPY.
  • #272
  • Apr 27, 2019 9:11pm Apr 27, 2019 9:11pm
Quoting bluesteele
My useless wall of text ...stating that an indicator to draw lines is of no use..Holds more value than any chart I can post.
@bluesteele -- this is part of the problem. On one hand @George and his close colleagues keep emphasizing the importance of drawing target lines, 5000 bars back on multiple TFs, and eliminating the ones that get taken out. And then, in the next sentence, the same guys say the lines are meaningless. I mean, what does that mean? How is one suppose to take that? You could respond by saying -- well, if we had sat in with @George then we would know. But we haven't sat in with @George and all we have to go on are these mixed messages. Can you put yourself in my shoes and understand how these types of instructions are confusing?

Or, perhaps you mean that lines are useful, but just not lines drawn by an indicator. Is that it? A few posts back (post #215) @Blackeagle took the time to compare 2 charts -- one that was marked manually and one that was marked by an indicator. If he had allowed the indicator to draw the Level-1 fractal lines (which it is capable of doing), the two charts are very similar -- nearly identical. If you had asked two humans to manually mark charts I doubt they would have been any closer. In fact, if the same human were to be tasked with marking the same chart -- let's say, one day apart, or when they are tired and not tired, or when they are hungry or not hungry, whatever, the charts are bound to have some differences. Picking out "major" and "minor" peaks and valleys is a subjective exercise -- is there really a question about that?
  • #273
  • Apr 27, 2019 9:15pm Apr 27, 2019 9:15pm
Quoting robots4me
{quote} @bluesteele -- this is part of the problem. On one hand @George and his close colleagues keep emphasizing the importance of drawing target lines, 5000 bars back on multiple TFs, and eliminating the ones that get taken out. And then, in the next sentence, the same guys say the lines are meaningless. I mean, what does that mean? How is one suppose to take that? You could respond by saying -- well, if we had sat in with @George then we would know. But we haven't sat in with @George and all we have to go on are these mixed messages. Can you...
Once the lines are drawn, manually or by an indicator. What do you do next?
  • #274
  • Apr 27, 2019 9:23pm Apr 27, 2019 9:23pm
Quoting bluesteele
{quote} Hi Skyway,,, If i was to put up a chart showing my entries and exits. No commentaries. How will this help you and others ??? Or what use will it be to you and others when you dont know or understand how I and/or George trades? My useless wall of text ...stating that an indicator to draw lines is of no use..Holds more value than any chart I can post. Cheers Blue
Must we print out the chart and use pencil and ruler to draw those lines?
  • #275
  • Apr 27, 2019 9:23pm Apr 27, 2019 9:23pm
Quoting moodybot
Once the lines are drawn, manually or by an indicator. What do you do next?
Hi @moodybot -- ahhh, yes -- that's the question. And that's why we need you
  • #276
  • Apr 27, 2019 9:50pm Apr 27, 2019 9:50pm
Quoting robots4me
{quote} @4fxonly (and others) -- for now, let's set aside the issue of number of pairs. For the main issue at hand, we can agree on one pair -- let's say GBPJPY. The reason I brought up 28 pairs is because that is how many I currently trade -- algorithmically. I would never manually trade 28 pairs -- my office doesn't have room for 28 monitors. The past few years I've been trading portfolio EAs. A portfolio EA is a single EA attached to a single chart that executes dozens of strategies. The strategies are auto-generated, optimized and back-tested...
Do you have a portfolio EA you would like to share relating to this thread?
Nothing in life is to be feared, it is only to be understood.
  • #277
  • Apr 27, 2019 10:03pm Apr 27, 2019 10:03pm
Quoting matthew89
Do you have a portfolio EA you would like to share relating to this thread?
@matthew89 -- no...
  • #278
  • Edited 10:34pm Apr 27, 2019 10:12pm | Edited 10:34pm
Quoting skyway
What George and Kevin do next is what we are interested in. Their entry and exit ?
@skyway -- I had asked you once before -- politely -- to take this offline. Perhaps that was too subtle a message -- knock it off.

My kids are grown, but this reminds me when we would take road trips and my son and daughter would argue in the back seat and I'd have to pull off the freeway and explain to them the consequences if they didn't stop. @skyway -- dude, this isn't kindergarten. If you want to persist this issue with those guys then take it offline.

@skyway -- as an FYI -- if I wasn't the OP of this thread my comments would have become quite cringe-worthy and I would have been suspended (again) by now. In fact, we may have butted heads before -- I don't recall -- there have been so many. Please understand I really am efforting at showing constraint. I just don't have the patience or energy for this sh-t -- I'd rather write and work on other things.
  • #279
  • Apr 27, 2019 10:35pm Apr 27, 2019 10:35pm
Quoting skyway
It won't happen on your thread again.
@skyway -- fair enough, I appreciate it.
  • #280
  • Apr 27, 2019 10:51pm Apr 27, 2019 10:51pm
Quoting parisboy
-- Post #251 -- Uptrending Price Action breaking the Descending Valid Trend Line (VTL) generates a cyclical Action Signal
@parisboy -- I'm not sure about your terminology -- perhaps I misunderstood. The cyclical action you observe in this particular case is not caused by a trend line. One can draw trend lines many places on a chart and add an explanation after the fact. When I look at charts now I force myself to keep asking "Why did the MM do this?" "Why did the MM do that?" I consider the indicators and lines useful to help me focus on aspects I've already deemed to be important -- but I no longer attribute new price movements as being caused by previous price movements. I definitely buy into the notion that what we see on a chart is exactly what the MM wants us to see. Once we accept that -- then we can begin to consider any clues the MM may leave behind, or what others refer to as the MM's psychology.

At this point I'm not yet worried about Entry and Exit signals -- rather, I just want to create a tool that we can agree shows MM targets (i.e. TOPS and BOTTOMS). Once we have confidence these TOPS and BOTTOMS are good enough, then we'll go to the next step.
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