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Price action at the core / tma intra day

  • #3,601
  • May 3, 2019 10:06pm May 3, 2019 10:06pm
Quoting George AUS
{quote} ,,, BUT what about the target it killed on the way up and did NOT stop ???? WE CAN NOT CHERRY PICK SETUPS ,,,,,Cheers George
Good morning George !

That down move earlier yesterday on GU and GJ was a "Judas Swing" with the intention of running stops and trap traders on the wrong side. After a Judas Swing there should be a significant up move. On a day like this maybe the best option is to stay on the sidelines. Just my 2 cents.

David
  • #3,602
  • May 3, 2019 10:18pm May 3, 2019 10:18pm
Quoting George AUS
{quote} A very good morning to u George ,,,, I am feeling with u sir regarding your health ,,, At our age we are bound to have problems ,,,,, I am NO different with a heart attach 2 years ago ,,,, That is why i have changed all of the ways i do things now ,, and especially my diet ,,,, This is also the reason I need to have total control on this project ,,,, Our health is the most important part ,, as we ONLY have one go at life ,,, We are ALL here for ur support sir ,,,, We also have another member who also has Cancer ,,,, Whom i luv so dearly...
Hi George,

Thank you for your post.

I went though the Chemo and Radiation at the age of 50 and I beat the beast, so I am now in remission and only have to deal with the side effects of my treatment.

A heart attack is what killed my 56 year old friend, so yes for you moving forward through life diet will play an important part.

Also very important to keep stress levels down, so take it easy because a thread like this can be challenging with the sort of questions you get asked.
Some people say I'm lucky, but the more I practice the luckier I get
  • #3,603
  • May 3, 2019 10:54pm May 3, 2019 10:54pm
Quoting pooh123
{quote} Good morning George ! That down move earlier yesterday on GU and GJ was a "Judas Swing" with the intention of running stops and trap traders on the wrong side. After a Judas Swing there should be a significant up move. On a day like this maybe the best option is to stay on the sidelines. Just my 2 cents. David

Hello david ,,,
Ni Hao ma ???

Thank you for Highlighting that ,,,
So I can EXAPAND for the benefit of many traders here ,,,

Well ,,
I do NOT know what a Judas swing is ,,,
As you know ,,,
I do NOT follow the terminology used by others ,,,
You know I do NOT trade to any pattern names known out there ,,, because ,,,
I ONLY trade to the PSYCHOLOGY of the MM ,,,,
And the knowledge I have established ,,,,

So ,,, Here is how I was viewing the whole move down in detail ,,,,
You have the TMA settings on the 1 mnt ,,,
The market was taken into the pressure zone ,, infact to the Playground ,,,
I did say to the troops I was expecting a deep penetration into the TMA at the lows ,,,,
MINIMUM the beginning of the playground ,,,
DUE TO THE SMALL range on the table BEFORE the move ,,,,
I Had a feeling it was a setup ,,,,
The range was very small up to that low ,,
Previous days LOW was taken out ,,,, a full days buys stops under it ,,,
The range from the london bar down WAS ,,,,
In line with the NUMBER OF PIPS ,,, I always talked about for a FALSE MOVE ,,,
One of the most important FILTERS also did come into play ,,, which is ,,
It is FRIDAY ,,, which is when I anticipate a DIRECTIONAL MOVE ,,, UNLESS OTHERWISE PROVEN WRONG ,,,
A Liquidity GAP HOURLY bas was in place ,,, AND ,,,
With NO interlocking ,,,,

So you can see how the whole play came into line with my Theories ,,, And ,,
The way how the PSYCHOLOGY was applied to the price ,, Once one can break it down as I explained above ,,,,
And how I have always analysed them when u were sitting with me on a daily base ,,,,,

A great buy at the low ,,,,
Great trading day ,,,,

Cheers
George
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #3,604
  • Edited 8:15am May 4, 2019 2:46am | Edited 8:15am
Quoting George AUS
{quote} Hello david ,,, Ni Hao ma ??? Thank you for Highlighting that ,,, So I can EXAPAND for the benefit of many traders here ,,, Well ,, I do NOT know what a Judas swing is ,,, As you know ,,, I do NOT follow the terminology used by others ,,, You know I do NOT trade to any pattern names known out there ,,, because ,,, I ONLY trade to the PSYCHOLOGY of the MM ,,,, And the knowledge I have established ,,,, So ,,, Here is how I was viewing the whole move down in detail ,,,, You have the TMA settings on the 1 mnt ,,, The market was taken into the...
Hi sir,

This post is a goldmine of information/knowledge. I don't understand what "The range from the London bar down WAS..." means - whether it is from the open/high/low/close of that bar. BUT WHATEVER IT MAY BE IT MUST BE A SIGNIFICANT FACT. I will try and figure it out by observation and also figure out the number of PIPS that would indicate a false move.

If only I had kept an eye on the 15 mins chart I would have taken the trade after the two bar blow out of the low of the 18 hr EST bar of 30/4/2019. Instead I started taking trades from between 12.40 hrs EST and 12.48 hrs EST because price was following the TMAs down and I didn't want to miss out on what I felt at that time was going to be a great trade.

I targeted the first herd mentality validation zone as my take profit area - it is better to be prudent than greedy. Boooked my profits and I didn't feel any tinge of regret that I didn't target higher.

Thank you so much George. God bless you.

"Draw the tops on the way down and the lows on the way up". Really a stroke of genius.

I don't know whether you realize how much time in years (not hours or days) that you have saved members of this thread in their search for the truth about forex trading..

For your information sir, I draw the lines manually. That is not meant to belittle others who depend on indicators/EAs/robots to draw the lines. To each his own.



Rajnidas
  • #3,605
  • May 4, 2019 5:05am May 4, 2019 5:05am
Quoting pooh123
{quote} Good morning George ! That down move earlier yesterday on GU and GJ was a "Judas Swing" with the intention of running stops and trap traders on the wrong side. After a Judas Swing there should be a significant up move. On a day like this maybe the best option is to stay on the sidelines. Just my 2 cents. David
Hi David.

That is a very cool name for a concept, "JUDAS SWING". Just like lambs being led to the slaughter.

Just a slow Saturday trading question if I may?

Doesn't a JUDAS SWING need to break the Asian session highs first, thus trapping those cheeky sheep into going long then price will drive down below the Asian lows slaughtering their stops before finally turning around nicely in George's playground where George does the real slaughtering ??


Thank you for the opportunity to learn through your experience.

Cheers Anthony.
Empty your mind and let the market guide you
  • #3,606
  • May 4, 2019 5:49am May 4, 2019 5:49am
Quoting rajandaas
{quote} I don't understand what "The range from the London bar down WAS..." means - whether it is from the open/high/low/close of that bar. BUT WHATEVER IT MAY BE IT MUST BE A SIGNIFICANT FACT. g.. For your information sir, I draw the lines manually. That is not meant to belittle others who depend on indicators/EAs/robots to draw the lines. To each his own. Rajnidas

Hello Raj ,,,,

THIS IS FOR YOUR BENEFIT ,,,,
AND FOR THE BENEFIT OF EVERYONE ELSE WHO WOULD LOVE TO READ ,,,,,

Yes the range from the HIGH/LOW of the LONDON BAR in the first direction ,,, s very important for George ,,,,
The number of pips are something one will establish the knowledge when they have spent enough hours studying it day after day the way George did it ,,,,
There is alot more depth to what I do ,,,
I can NOT put everything out there ,,,

Also ,,,,
The number of pips a LOW/TOP ,, or ,,
DAYS HIGH / LOW is broken by ,,,,,
Is of extreme importance for George ,,,,
Often it is done in 2 sections also ,,,

I am Glad you are NOT a lazy person to draw your lines MANUALLY LIKE GEORGE DOES ,,,
LAZINESS WILL LEAD TO DESTRUCTION IN THIS GAME ! ! ! !

Hand done activities will serve a trader in an amazing way ,,,,
do as much as you can manually as it will help you MASTER THE GAME AND YOURSELF ! ! ! !

NOT ALL LINES SHOULD BE DELETED AT TARGETS WHEN THEY GET TAKEN OUT ,,,,
ESPECIALLY AROUND THE HERD MENTALITY VALIDATION ZONES ,,,,,,
IT IS EXTREMELY IMPORTANT TO SEE THE LINES ON THE CHARTS ,,,
THE NUMBER OF DAILY / WEEKLY ,,, TOPS / BOTTOMS is very very important ,,,
A DEEP STUDY WILL TEACH A TRADE THE IMPORTANCE OF ALL THESE THINGS ,,,,

Look at the example chart shown in this post ,,,
You will see the lines all there ,,, 4 in total ,,
https://www.forexfactory.com/showthr...8#post12248238


Cheers
George
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #3,607
  • May 4, 2019 7:23am May 4, 2019 7:23am
Hi George,

Thank you for answering my question.

Have a great weekend sir

Rajnidas
  • #3,608
  • May 4, 2019 7:39am May 4, 2019 7:39am
Hi sir,

Lines especially around the herd mentality validation zones should not be deleted even if they are taken out.

Its etched into my memory now.

Thank you

Rajnidas
  • #3,610
  • May 4, 2019 2:20pm May 4, 2019 2:20pm
Quoting sponge
How come no live trades ? I'm willing if you are Georgie boy Still on the brown rice?
Sponge,

Master George has already proved and given Live Calls:

https://www.forexfactory.com/showthr...3#post11946493

and

https://www.forexfactory.com/showthr...2#post11952572

He has nothing left to prove...

Thanks
  • #3,612
  • May 4, 2019 3:23pm May 4, 2019 3:23pm
Quoting sponge
{quote} Didn't ask you
So, It looks like you are afraid of the truth ...
  • #3,613
  • May 4, 2019 6:11pm May 4, 2019 6:11pm
Quoting sponge
How come no live trades ? I'm willing if you are Georgie boy Still on the brown rice?
George was certainly live trading on Friday when I joined him. Live trading live account.
Whether you want my opinion or not I couldn’t care less.
  • #3,614
  • May 4, 2019 6:40pm May 4, 2019 6:40pm
NO TOLERANCE FOR RUBBISH

ANYONE WHO DOES NOT DEMONSTRATE SELF RESPECT FIRST ,,,
AND RESPECT FOR TO OTHERS ,,,
IN THE RUBBISH BIN ,,,, WITH NO QUESTIONS ASKED ,,,
NO SECOND THOUGHT ! ! ! !

THIS IS A RESPECTFUL HOUSEHOLD FOR MANY WONDERFUL PEOPLE ,,,,
INCLUDING THE HEAD OF THE FAMILY ! ! ! !

Cheers
George
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #3,615
  • Edited 11:52pm May 4, 2019 11:36pm | Edited 11:52pm
My take on the Herd Mentality...

Herd mentality may possibly be forming ..... top blue box.
Mean while Herd Mentality formed and completed, after the start of the upper Herd Mentality which has still to be played out.

1. Top is formed.
2. Revisit, stopped just short.
3. Revisit, stopped just short.
4. MM pushed the price through...
5. If price enters TMA 1 Min, then trade short...with a prepared plan if price continues against. Some use SL,some Hedge.

6. Targets have already been set, prior to the start of Herd Mentality at position 1....In my book, it is not the break of the low from the 8th March...that is a gotcha, traders will have Longs positioned there.
The first target is the gap in the H4 candles from 19th March. Find that with an indicator!
7. Price finally cleared out most or all stops, possibly setting the start of a new lower Herd Mentality.

Present day, price is now heading back up, possibly to validate the Upper Herd Mentality Zone.
Possible target already set by gap from H4 Candles.
Wait and see. Patience.

Remember this scenario is played out constantly on all time frames, all pairs, all of the time.

Guesswork or science fiction do not come into it. The MM do not play games. And neither should we.
Attached Image (click to enlarge)
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  • #3,616
  • May 5, 2019 2:53am May 5, 2019 2:53am
Quoting moodybot
My take on the Herd Mentality... Herd mentality may possibly be forming ..... top blue box. Mean while Herd Mentality formed and completed, after the start of the upper Herd Mentality which has still to be played out. 1. Top is formed. 2. Revisit, stopped just short. 3. Revisit, stopped just short. 4. MM pushed the price through... 5. If price enters TMA 1 Min, then trade short...with a prepared plan if price continues against. Some use SL,some Hedge. 6. Targets have already been set, prior to the start of Herd Mentality at position 1....In my book,...
Thank you for your effort Andy ,,,

I will go one step further to expand on Andy's explanation ,,,,
I will go down to the 1 HOUR ,, so we can ZOOM IN ,,,
And see things much clearer to what Andy is talking about ,,,,
Because on the 4 HOURLY ,,,
Some members will NOT see what Andy is talking about ,,,
Cause the next target looks very ineffective on the 4 HOUR ,,,

SO ,,
Here is the HOURLY chart DETAILING what Andy is trying to put across ,,,,
It is a progression of setups as the market moves HIGHER ,,,,
ALL of the targets setup above are for the following reasons,,
THEY KEPT SWINGING THE MARKET WITH LOWER TOPS AND LOWER BOTTOMS ,,,
CREATING THE SO CALLED ,,, TREND ,,
TRENDS ARE ,,, FABRICATED ,, ON PURPOSE ,, BY THE MARKET MAKER ,,,
THEY ARE CREATED FOR THE PURPOSE OF GETTING TRADER TO EAT RIGHT OUT OF THEIR HANDS ,,,
PSYCHOLOGY AT WORK AT THE HIGHEST ORDER ,,,
AND WHAT DO I MEAN BY THE ABOVE ,,,
IT IS DONE SO THE SELLERS ,,
WILL TRAIL THEIR STOPS LOWER ABOVE EACH TOP CREATED ,,,
SO THEY ARE CLOSER FOR THE MM TO GET ,,,,,

YES SOME TRADERS ARE MAKING MONEY ,,,
IT IS INTENDED TO KEEP TRADERS INTERESTED ,, BUT ,,
IT IS ABOUT GETTING THE BULK FOR THEMSELVES AT A CLOSER AREA ,,,
SO THEY DONT HAVE TO GO FAR FOR THEM ,,, AND ,,
KEEP THEIR BOOKS BALANCED QUICKER AS THEY SWING THE MARKET UP AND DOWN ,,,,

Hope this helps some to understand the mechanics behind the psychology applied ,,,

Cheers
George
Attached Image (click to enlarge)
Click to Enlarge Name: GU 1 HOUR.png Size: 77 KB
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #3,617
  • May 5, 2019 4:01pm May 5, 2019 4:01pm
Quoting moodybot
My take on the Herd Mentality... Herd mentality may possibly be forming ..... top blue box. Mean while Herd Mentality formed and completed, after the start of the upper Herd Mentality which has still to be played out. 1. Top is formed. 2. Revisit, stopped just short. 3. Revisit, stopped just short. 4. MM pushed the price through... 5. If price enters TMA 1 Min, then trade short...with a prepared plan if price continues against. Some use SL,some Hedge. 6. Targets have already been set, prior to the start of Herd Mentality at position 1....In my book,...
@moodybot -- your chart and the terminology you use help to clear up a number of things for me. Thanks.

I have a question: If the MM were to have a choice of TOPS (or BOTTOMS) to take-out or push through -- would there be a preference for targets that have been around longer, or for targets a bit further away from the current Ask/Bid? Or -- does it "just depend"? This might occur in situations where target lines are not deleted.

Actually, a second question -- probably not answerable but I'm curious on your take: When the MM takes out a target can we assume it's always the most profitable one for them -- i.e. the one that has the most accumulated stops? Or is it more like a chess game where they are thinking many moves ahead? I'm just wondering what their thinking might be in situations where it seems they would have more than one choice.

Actually -- a third question. Before trading do you always wait for the MM to show their hand? I guess what I'm getting at is I first look for re-entry into the TMA -- I may or may not take a trade. There's one other thing I look for. In your case, when the price re-enters the TMA will you always take a trade based on the direction of the TMA plus other factors? Will you ever pass on TMA re-entries? Thanks...
  • #3,618
  • May 5, 2019 4:03pm May 5, 2019 4:03pm
Quoting George AUS
{quote} Thank you for your effort Andy ,,, I will go one step further to expand on Andy's explanation ,,,, I will go down to the 1 HOUR ,, so we can ZOOM IN ,,, And see things much clearer to what Andy is talking about ,,,, Because on the 4 HOURLY ,,, Some members will NOT see what Andy is talking about ,,, Cause the next target looks very ineffective on the 4 HOUR ,,, SO ,, Here is the HOURLY chart DETAILING what Andy is trying to put across ,,,, It is a progression of setups as the market moves HIGHER ,,,, ALL of the targets setup above are for...
Nice chart -- thank you, @George.
  • #3,619
  • May 5, 2019 4:07pm May 5, 2019 4:07pm
Quoting George AUS
{quote} Thank you for your effort Andy ,,, I will go one step further to expand on Andy's explanation ,,,, I will go down to the 1 HOUR ,, so we can ZOOM IN ,,, And see things much clearer to what Andy is talking about ,,,, Because on the 4 HOURLY ,,, Some members will NOT see what Andy is talking about ,,, Cause the next target looks very ineffective on the 4 HOUR ,,, SO ,, Here is the HOURLY chart DETAILING what Andy is trying to put across ,,,, It is a progression of setups as the market moves HIGHER ,,,, ALL of the targets setup above are for...
This probably explains why I’m successful as don’t use stop loss at all. Every time I use a stop loss it gets taken out so stopped using ages ago. In the Asian session you get these large candles forming in low volume , only to take out stop loss to the pip and then moving back into range. A wick is usually formed. Pleasure to discover this thread George, rare to see Aussie gun traders here.
  • #3,620
  • May 5, 2019 5:08pm May 5, 2019 5:08pm
Quoting Pip-Miner
{quote} This probably explains why I’m successful as don’t use stop loss at all. Every time I use a stop loss it gets taken out so stopped using ages ago. In the Asian session you get these large candles forming in low volume , only to take out stop loss to the pip and then moving back into range. A wick is usually formed. Pleasure to discover this thread George, rare to see Aussie gun traders here.
That is why I stopped using stop loss orders too. But I think that is from the broker. They can increase their spreads for a millisecond enough to grab your stop loss. The other options are scripts and EAs that run in the background with a hidden stop loss invisible to the broker and execute when the price gets to your hidden stop loss.
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