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

  • #621
  • May 3, 2019 7:51am May 3, 2019 7:51am
[quote=robots4me;12252532]{quote} @parisboy -- this is good, thank you. I like your statement about bands and approximate amplitudes. I hadn't thought about it before, but now I realize that is probably one of the reasons why I find it more comfortable looking at a price chart with a TMA band superimposed. Also, I'm always curious about how people apply Stop Losses. I'm still experimenting -- I like yours.[/quote]

@Robots4me you will like it more! !

For "cyclical reasons" about which I will not elaborate here to stay short in such an Uptrend on the DAX you can position your Stop Loss at the level of the Last Low (I know you like Lows !) or slightly under .

On the chart you can see "gliding Stop Losses" following the Uptrend.

Conversely on a Downtrend you position your Stop Loss at the Level of the last Top or slightly above

That is the first rational method to position Stop Losses
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  • #622
  • May 3, 2019 8:01am May 3, 2019 8:01am
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  • #623
  • May 3, 2019 8:25am May 3, 2019 8:25am
GBPJPY M1 in line chart mode. This shows the anatomy of my 3 trades just completed from point “A” to point “B” (long). This was a basket of three trades and unfolded super fast.

Area C shows the M1 trend line that fit the run down very tightly - something RickM outlined in this thread with price running away from the line after each touch. Then it turned and SMAs show the turn.

As far as where price turned as such - it occurred to a pip almost at a line that I didn’t delete (but which had been taken out) - look left on a GBPJPY M15 chart and you will see the recent peak that refers.

cheers - good pips

Ray
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  • #624
  • May 3, 2019 8:52am May 3, 2019 8:52am
Live setup AUDUSD H1

The Divergence did its job, but we did not get a push lower before it happened.

So on this occasion we did not get the SHARKS looking to profit from SL's and we would have missed the trade waiting for this to happen.

I am looking for simple rules that anyone looking at this thread and wanting to use the MM Detective indicator can apply, I am looking for a strategy, not really for me, because I have seen it all over the years and I have my own strategy to follow.

For me the indicator does not need to show highs and lows, what it needs to do is show areas above and below these Highs and Lows which the SHARKS will target and then label them based on where most of the SL's will be placed (e.g. A very high E Low probability).

So maybe for example if we have a level which is the same on more than one TF, then it is reasonable to assume there will be more SL's placed there for the SHARKS to make easy money. Therefore the indicator would colour/mark this Zone has being an high probability area where the SHARKS will want to move price to gain liquidity.

I would like to see an indicator that can predict the future based on what the greedy SHARKS are really after which is the retailers hard earned money for FREE
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Some people say I'm lucky, but the more I practice the luckier I get
  • #625
  • May 3, 2019 9:18am May 3, 2019 9:18am
Quoting Robot Trader
I would like to see an indicator that can predict the future based on what the greedy SHARKS are really after which is the retailers hard earned money for FREE {image}
Predicting things is difficult, especially when we talk about the future !
  • #626
  • May 3, 2019 9:50am May 3, 2019 9:50am
Quoting simnz
{quote} Now I know technically it is not feasible to have so many graphical elements. But since you want to understand the usefulness of having TIME information on hand, I am attaching a picture that shows how helpful the information is in understanding where the trade is likely to head. It is posted Before the Fact happening. {image}
H4 timeline 29 days ago (both) hit.
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Practice makes a person perfect
  • #627
  • May 3, 2019 9:55am May 3, 2019 9:55am
Quoting simnz
{quote} H4 timeline 29 days ago (both) hit. {image}
What are they marking these H4 lines on your charts?
  • #628
  • May 3, 2019 10:00am May 3, 2019 10:00am
Quoting simnz
{quote} H4 timeline 29 days ago (both) hit. {image}
Playing with Cycles
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  • #629
  • May 3, 2019 10:05am May 3, 2019 10:05am
2 Successive Head & Shoulders
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  • #630
  • May 3, 2019 10:19am May 3, 2019 10:19am
Quoting Nih98
{quote} Hi Bro, un-checked fixed minimum and fixed maximum. and 666 is the number of the beast, one eye in the sky love it..lol NIH PS. about NFP, be careful of twin-blade..
The numbers 3,6,9 are the keys to the universe. - Tesla

666 is 6+6+6 = 18 is 1+8 is 9. 9 is the number of divinity, of finality.
  • #631
  • May 3, 2019 10:25am May 3, 2019 10:25am
Quoting parisboy
{quote} Predicting things is difficult, especially when we talk about the future !
Hi parisboy

Between Kudlow and Bullard you did not need any indicators-----More rocket fuel Pleez

Tonights activity should promote some exciting comments on trading.

Whoa there neddy, -----slow down before you blackout and lose control of the joystick

Cheers
  • #632
  • May 3, 2019 12:12pm May 3, 2019 12:12pm
Quoting Robot Trader
Live setup AUDUSD H1 The Divergence did its job, but we did not get a push lower before it happened. So on this occasion we did not get the SHARKS looking to profit from SL's and we would have missed the trade waiting for this to happen. I am looking for simple rules that anyone looking at this thread and wanting to use the MM Detective indicator can apply, I am looking for a strategy, not really for me, because I have seen it all over the years and I have my own strategy to follow. For me the indicator does not need to show highs and lows, what...
Food Cycles for Thoughts
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  • #633
  • Edited 1:05pm May 3, 2019 12:54pm | Edited 1:05pm
Quoting parisboy
{quote} Food Cycles for Thoughts {image}
@parisboy -- okay. I see 6 cycles and 19 cycles. Sometimes the peaks lean left, sometimes right. Can you tie this into MM psychology and target lines? Or perhaps you have already -- I've sort of fallen behind reading posts. I can see that sometimes a cycle includes an MM spike, but other times it doesn't. Also, in the 6-cycle trend upward, one of the important peaks leans left. How do you account for that?

Also, in another post to follow shortly, I was interested in following-up with you about something you wrote in post #622 about cycle tops positioned to the right when the trend is up. It is reminiscent of something @George pointed-out to me a few days ago.

P.S. Your text signature says: "Price is a flow of data points subject to the Law of Vibration. Scaling is". Does that mean you do not think price movement is manipulated by a MM "in the sky"?
  • #634
  • Edited 3:48pm May 3, 2019 1:06pm | Edited 3:48pm
Quoting robots4me
{quote} @skyway -- okay, so how do I read this? Please don't tell me I have to read @parisboy's entire thread...
@Robots4me , you should !

Parisboy thread is opened to discuss the pro's and con's of the Envelopes Methodology based on the work of Jim Hurst and Brian Millard

Hurst and Millard used Envelopes based on Centered Moving Averages and fixed width parameters

Gann will help us to determine the right parameters (Law of Vibration)

Comments and questions are welcome

Others related subjects of interest as:

- Forks (Andrews, Tillman)
- Volume (Levine MIDAS Theory)
- Congestion Areas (Wyckoff)
- Envelopes
- Moving Averages
- Speed and Acceleration (Gann Angles)

will be adressed

Parisboy's thread - 90 pages -1.785 messages
George's thread - 180 pages - 3.581 messages

Parisboy's thread is essentially technical. Market Maker psychology counts for almost nothing in the messages, even if Parisboy is versed since a long time in Transaction Analysis, Neuro Linguistic Programming and Process Communication !

Relatively to Market Psychology the favorite books of Parisboy on the subject are those of Tony Plummer :

Forecasting the Financial Markets : the Psychology of Successful Investing

https://www.amazon.fr/Forecasting-Financial-Markets-Psychology-Successful/dp/074945637X/ref=sr_1_2?__mk_fr_FR=%C3%85M%C3%85%C5%BD%C3%95%C3%91&keywords=tony+plummer&qid=1556906253&s=english-books&sr=1-2-catcorr

The Psychology of Technical Analysis : Profiting of Crowd Behaviour and the Dynamics of Price

https://www.amazon.fr/Psychology-Technical-Analysis-Profiting-Behavior/dp/1557385432/ref=sr_1_15?__mk_fr_FR=%C3%85M%C3%85%C5%BD%C3%95%C3%91&keywords=psychology+of+technical+analysis&qid=1556906506&s=english-books&sr=1-15
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  • #635
  • May 3, 2019 1:10pm May 3, 2019 1:10pm
Quoting parisboy
{quote} @Robots4me , you should ! Parisboy thread is opened to discuss the pro's and con's of the Envelopes Methodology based on the work of Jim Hurst and Brian Millard Hurst and Millard used Envelopes based on Centered Moving Averages and fixed width parameters Gann will help us to determine the right parameters (Law of Vibration) Comments and questions are welcome Others related subjects of interest as: - Forks (Andrews, Tillman) - Volume (Levine MIDAS Theory) - Congestion Areas (Wyckoff) - Envelopes - Moving Averages - Speed and Acceleration...
@parisboy -- I do most of my reading in the bathroom. How long do you think it will take me to catch up with you?
  • #636
  • May 3, 2019 1:26pm May 3, 2019 1:26pm
Last trade of week on final approach to my target (hopefully) - should be OK but market is slowing

The TMAs on M1 agreed with the Detective H4 line on M15. The SMAs are rolling over in order on M1.

10 pip trade. Quite late on a Friday and took a little time. Have a good weekend guys - time to read.
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  • #637
  • May 3, 2019 1:37pm May 3, 2019 1:37pm
Quoting TopCover
Last trade of week on final approach to my target (hopefully) - should be OK but market is slowing The TMAs on M1 agreed with the Detective H4 line on M15. The SMAs are rolling over in order on M1. 10 pip trade. Quite late on a Friday and took a little time. Have a good weekend guys - time to read. {image}

@TopCover -- thanks for the screen shot and explanation. Visually I can see two SMAs rolling over one another -- 200 SMA and ??? SMA. What is the interpretation of rolling SMAs? Off the top of my head I would think it shows an area of price "consolidation" -- but in this context I'm not sure.
  • #638
  • Edited 3:14pm May 3, 2019 1:53pm | Edited 3:14pm
Quoting robots4me
{quote} @TopCover -- thanks for the screen shot and explanation. Visually I can see two SMAs rolling over one another -- 200 SMA and ??? SMA. What is the interpretation of rolling SMAs? Off the top of my head I would think it shows an area of price "consolidation" -- but in this context I'm not sure.
200SMA = blue
20SMA = green
7SMA = red

Hi Robots4me,

My explanation of what I mean by the MAs "rolling over" - the movement and overlapping action of the SMAs shows the change in direction /momentum as price plays out the move. The 7 and 20 SMAs crossing the 200 from above was the start of this and then that nice little flick or drop of the 7 over the 20 indicates the last "push." Moving averages crossing each other is a meaningful indication of movement/momentum. This is happening in the proper TMA extremes area.

Hopefully that makes sense

Ray

EDIT: The other lines are TMAs
  • #639
  • May 3, 2019 2:01pm May 3, 2019 2:01pm
Quoting TopCover
{quote} 200SMA = blue 20SMA = green 7SMA = red Hi Steve, My explanation of what I mean by the MAs "rolling over" - the movement and overlapping action of the SMAs shows the change in direction /momentum as price plays out the move. The 7 and 20 SMAs crossing the 200 from above was the start of this and then that nice little flick or drop of the 7 over the 20 indicates the last "push." Moving averages crossing each other is a meaningful indication of movement/momentum. This is happening in the proper TMA extremes area. Hopefully that makes sense...
@TopCover -- Ahhh -- thanks for the explanation.
  • #640
  • Edited 3:06pm May 3, 2019 2:25pm | Edited 3:06pm
Quoting robots4me
{quote} @parisboy -- I do most of my reading in the bathroom. How long do you think it will take me to catch up with you?
@Robots4me, Difficult to say for me because I use Gann since 1998 - 20 years now and Hurst since 2006

let me post here some Powerpoint Presentations I made for the French IFTA and tell me what you have understood and how long you have spent.
Attached File(s)
File Type: pptx 2 FRACTAL STRUCTURE OF TIME AND PRICE ENGLISH 17.pptx   2.2 MB | 1,633 downloads
File Type: pptx 3 PRICE PARABOLIC BEHAVIOUR AND FIBONACCI ENGLISH 22.pptx   4.0 MB | 348 downloads
File Type: pptx 5 BOVESPA ANALYZED BY GANN & HURST ENGLISH 17.pptx   1.8 MB | 379 downloads
File Type: pptx 6 BUILDING YOUR ENVELOPES 16.pptx   4.5 MB | 355 downloads
File Type: pptx 8 UNDERLYING TREND 10.pptx   3.9 MB | 299 downloads
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