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Money management: Capital needed per 0.07 USD per microlot 0 replies

The Volume Detective 411 replies

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

  • #981
  • May 7, 2019 4:14pm May 7, 2019 4:14pm
Quoting OAPDave
{quote} That was quick ? even got it from the 1st thread I ever went on, by gum you really are a Detective. Think how Nih98 works out his ADR Here is Murrey set to 1440 for a 1 min, I use Murrey set to 96 for a 15 min {image}
@OAPDave -- if you don't mind, I would like to pick your brain a bit more. You used the word "magnet" earlier and also the MurreyMath lines are drawn before the fact.

Target levels (TOPS and BOTTOMS) are drawn after the fact. Also, many traders consider them as support / resistance -- i.e. boundaries the price would never, ever break. Target levels give traders confidence to open BUY and SELL orders.

So, on one hand, target levels are drawn after the fact and are treated as "anti-magnets", whereas MurreyMath lines are drawn before the fact and are treated as magnets. Would you care to comment further?
  • #982
  • May 7, 2019 4:18pm May 7, 2019 4:18pm
Quoting TopCover
{image}
While I am in exactly the same trade, I am not convinced the MM will not push the price even lower, it's something I'm still figuring out. I would love to learn wich swing low they want to take out wich not.
  • #983
  • May 7, 2019 4:21pm May 7, 2019 4:21pm
Quoting roddy321
Can someone tell me how to get moving average in to the rsi window plz. robots4me great thread im subscribed
@roddy321 -- yep -- took me awhile to figure that one out.

1. Drag MT4's default Moving Average over the RSI subwindow chart (not the main chart).
2. One of the Parameter settings is "Apply to". The last option is "First Indicator's Data".

The original post was by Nih98 a few pages back. I would have to search for it just like you.
  • #984
  • May 7, 2019 4:22pm May 7, 2019 4:22pm
Quoting roddy321
Can someone tell me how to get moving average in to the rsi window plz. robots4me great thread im subscribed

Hi Roddy

Drag the moving average onto the indicator window - box will open. Under parameters select "apply to first indicators data"

Cheers

Ray
  • #985
  • May 7, 2019 4:23pm May 7, 2019 4:23pm
Old Support and Resistance Charts "à la Gann / Murrey"

Scaling is the key !
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPUSD LONG TERM 1994-2018 SRL.png Size: 105 KB
  • #986
  • May 7, 2019 4:25pm May 7, 2019 4:25pm
Quoting OAPDave
{quote} Just suppose you want to trade by Day How many 30 min in 24 hrs = 48 or you may want to trade by the Week so how many 30 min in a week = ? 30min with a Murrey 48 ps 1 For Parisboy {image} {image}
@OAPDave -- thank you.
  • #987
  • May 7, 2019 4:33pm May 7, 2019 4:33pm
Quoting LongBTC
{quote} While I am in exactly the same trade, I am not convinced the MM will not push the price even lower, it's something I'm still figuring out. I would love to learn wich swing low they want to take out wich not.

Long - I believe tomorrow could be an UPWARDS "grinder" day right up to the top of the pink box ( AT LEAST) to form at minimum another validation OR to complete the move right to the top of the orange box.

I'm in full experimental mode - no expert - just enjoying some great revelatory concepts on this fantastic thread to Robots4me. It's like a huge laboratory for ideas and experimentation

Ray
  • #988
  • May 7, 2019 4:37pm May 7, 2019 4:37pm
Quoting robots4me
{quote} @TopCover -- yes, exactly what I was thinking (the indicator part, not the thoughtless part ). Also, nice acronym -- HCQG -- easy to remember...

Congratulations to Robots4me - Fifty Pages!
  • #989
  • May 7, 2019 4:43pm May 7, 2019 4:43pm
Quoting TopCover
{quote} Long - I believe tomorrow could be an UPWARDS "grinder" day right up to the top of the pink box ( AT LEAST) to form at minimum another validation OR to complete the move right to the top of the orange box. I'm in full experimental mode - no expert - just enjoying some great revelatory concepts on this fantastic thread to Robots4me. It's like a huge laboratory for ideas and experimentation Ray
Lets hope so, I'm with you on this one!

Wim
  • #990
  • May 7, 2019 4:43pm May 7, 2019 4:43pm
Quoting LongBTC
{quote} While I am in exactly the same trade, I am not convinced the MM will not push the price even lower, it's something I'm still figuring out. I would love to learn wich swing low they want to take out wich not.
Wim

I think the "under construction" candles of a new Herd Validation zone are the most important to watch (and count) - they are actually the moves outwards from a smaller timeframe's herd validation zone. The first one or two might reverse, but number 3 onwards ( in my opinion) could blow on through down/up to the next tier....
  • #991
  • May 7, 2019 4:48pm May 7, 2019 4:48pm
Quoting TopCover
This little chart is brightening up my life in more ways than one. There is Choreography going on here - a back and forth dance - methodical and deadly. Just like a tango. After point three back down again to complete further construction {image}
Precisions
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD 1 MONTH 7 MAY 2019.png Size: 1.0 MB
Click to Enlarge Name: EURUSD 1 MONTH TILLMANN FORKS 7 MAY 2019.png Size: 1.0 MB
  • #992
  • May 7, 2019 4:58pm May 7, 2019 4:58pm
Quoting parisboy
{quote} Precisions {image} {image}
Hi Paris - thanks. So price is hovering around the channel median line of your first chart ( and in the middle of my "Stack" of Herd Zones)

What is the second chart saying? You have a 30 degree upward pitchfork so upwards movement indicated which also concurs with my chart??

Ray
  • #993
  • May 7, 2019 5:11pm May 7, 2019 5:11pm
Quoting TopCover
{quote} Hi Paris - thanks. So price is hovering around the channel median line of your first chart ( and in the middle of my "Stack" of Herd Zones) What is the second chart saying? You have a 30 degree upward pitchfork so upwards movement indicated which also concurs with my chart?? Ray
@TopCover watch closely the Valid Trend Lines (VTL)
Attached Image (click to enlarge)
Click to Enlarge Name: TOPCOVER VTLs.png Size: 1.2 MB
  • #994
  • May 7, 2019 5:15pm May 7, 2019 5:15pm
Quoting parisboy
{quote} @TopCover watch closely the Valid Trend Lines (VTL) {image}

Thanks Paris - so possibly your thought is that breaking two downward trendlines is ambitious (unlikely) and price is more likely to head towards the downside?

Cheers

Ray
  • #995
  • May 7, 2019 5:18pm May 7, 2019 5:18pm
Quoting parisboy
{quote} @TopCover watch closely the Valid Trend Lines (VTL) {image}
My target TP is around 21 pips away at present ( I'm not pushing for the absolute top of my stack) so I am possibly within the parameters of your approach?

R
  • #996
  • May 7, 2019 5:20pm May 7, 2019 5:20pm
Re ADR today on the DAX, it hit its high almost to the pip but dropped thru its low like a stone.
  • #997
  • May 7, 2019 5:24pm May 7, 2019 5:24pm
Quoting TopCover
{quote} Wim I think the "under construction" candles of a new Herd Validation zone are the most important to watch (and count) - they are actually the moves outwards from a smaller timeframe's herd validation zone. The first one or two might reverse, but number 3 onwards ( in my opinion) could blow on through down/up to the next tier....
I agree, lets see what the MM has in plan for us!
  • #998
  • May 7, 2019 5:30pm May 7, 2019 5:30pm
Quoting TopCover
{quote} Thanks Paris - so possibly your thought is that breaking two downward trendlines is ambitious (unlikely) and price is more likely to head towards the downside? Cheers Ray
@TopCover you are right an uptrend move is possible but need confirmation. The second VTL is of a higher order than the first

moreover you have 2 Tillmann Forks linking Nodes of Centered Moving Averages of more or less the same order competing on the same area but one is trending UP and the other DOWN

In doubt I will wait for clarification (to follow)

Note that the Centered Moving Averages crosses with Price Action in the MIDDLE of the Price Action Swing (or Pulse)
Attached Image (click to enlarge)
Click to Enlarge Name: TOPCOVER TILLMANN FORKS.png Size: 1.0 MB
  • #999
  • May 7, 2019 5:41pm May 7, 2019 5:41pm
Quoting TopCover
{quote} My target TP is around 21 pips away at present ( I'm not pushing for the absolute top of my stack) so I am possibly within the parameters of your approach? R
TopCover it is an excellent remark !


Fact is it depends of the Higher Order Trend
If this Higher Order Trend is downtrending , EURUSD is up to now in a countertrend, EURUSD will not reach the maximum expected target if the Higher Order Trend was Flat or Neutral

It is a simple question of plus and minus of opposite forces

My rule of thumbs is that when the Higher Ordre Trend is Downtrending, a countertrend will reach between 2/3 and 3/4 of the expected move if the Trend was Neutral / Flat
  • #1,000
  • May 7, 2019 5:57pm May 7, 2019 5:57pm
Quoting parisboy
{quote} TopCover it is an excellent remark ! Fact is it depends of the Higher Order Trend If this Higher Order Trend is downtrending , EURUSD is up to now in a countertrend, EURUSD will not reach the maximum expected target if the Higher Order Trend was Flat or Neutral It is a simple question of plus and minus of opposite forces My rule of thumbs is that when the Higher Ordre Trend is Downtrending, a countertrend will reach between 2/3 and 3/4 of the expected move if the Trend was Neutral / Flat
Yes I see that trend is important and my 21 pips could be “a bridge too far”. George on the other hand (I think) doesn’t believe in the existence of trends but he does believe in the MM’s ultimate plans. My current trajectory is to see what happens and if the MM trumps all other logic.....

I am in experimental mode lol I guess tomorrow will be the result! I look forward to whatever happens - that’s a pretty cool view you have of the markets my friend! thanks again for the view

R
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