Disliked{quote} Good question. I would say yes, but I need to research this one. I'm not sure how to have a liquidity gap. Liquidity is the number of buyers and sellers in the market. Hmm, might be the same, sort of. A price gap up happens when there are more buyers than sellers so the price has to gap up to where there are sellers. So could say that there was a liquidity gap by there being too many buyers. Interesting. But a price gap is measured in currency units, and a liquidity gap should be measured in something else. Not sure how to measure that in...Ignored
(binned per thread starter’s request) MM (Money Maker) Detective
- #1,123
- May 9, 2019 1:31am May 9, 2019 1:31am
- Joined Jun 2012 | Status: Trader | 1,106 Posts
Hi Moodybot,
I am posting this here (Sorry Robot4me I know it is off topic, but I know you like EA's
) because I have received a couple of private messages from Moodybot and I can't send an attachment to him directly.
Just to let you know I had the indicators coded first and manually traded them before developing the EA, like I said in my message to you there are still some bugs in the code that need sorting out and we need to find the best pair combinations, but apart from that it seems to do exactly what we wanted it to do.
So I don't think that I am wasting my time, but thank you for your concern.
Regards
RT
I am posting this here (Sorry Robot4me I know it is off topic, but I know you like EA's
) because I have received a couple of private messages from Moodybot and I can't send an attachment to him directly.Just to let you know I had the indicators coded first and manually traded them before developing the EA, like I said in my message to you there are still some bugs in the code that need sorting out and we need to find the best pair combinations, but apart from that it seems to do exactly what we wanted it to do.
So I don't think that I am wasting my time, but thank you for your concern.
Regards
RT
Some people say I'm lucky, but the more I practice the luckier I get
- #1,124
- May 9, 2019 1:38am May 9, 2019 1:38am
- Joined Dec 2017 | Status: Trader | 4,378 Posts
Hi Moodybot, I am posting this here (Sorry Robot4me I know it is off topic, but I know you like EA's
And by the way, I make that much between breakfast and noon.
- #1,125
- May 9, 2019 1:44am May 9, 2019 1:44am
- Joined Jun 2012 | Status: Trader | 1,106 Posts
{quote} Hey @Robot Trader -- okay, but just this once. And by the way, I make that much between breakfast and noon.
And I thought you would make that while sleeping
Some people say I'm lucky, but the more I practice the luckier I get
- #1,126
- May 9, 2019 2:19am May 9, 2019 2:19am
OK friends.....
Here is something to get your juices flowing.
And..... this is important. In my opinion George is a former accomplished Fibonacci trader and those skills lie at the heart of what he’s doing....
while he he may not physically use Fibs on charts he has mentally assimilated the fib movement of price. (40000 hrs et etc)
Try this....
1. set up your fibs with a 1.38 extension.
2. “Fib” a daily candle
3. See how next days price reacts.
4. See how often a break of the top or bottom of the daily candle reaches the 1.38 extension (too or bottom)
Switch to H1 to get a better view of what’s happening.
In my opinion - George’s mastery is due to having an eye for Fibonacci extension moves which combined with target levels and the MM etc lead him to be very confident.
that move to 1.38 if price breaks through top or bottom of a range (herd?) is something like 80% and you can see this by fibbing some daily candles....
if you trade BACK from that 1.38 extension there ms a high chance it will go to the other 1.38 on the other side.
Taje a look - spend a little time. in my opinion the fib part is a key to what Geirge is doing. He probably doesn’t USE fibs because he has it nailed in his head - Master Trader/boundless.
Is Geirge actually the Golden Meany?
.
Here is something to get your juices flowing.
And..... this is important. In my opinion George is a former accomplished Fibonacci trader and those skills lie at the heart of what he’s doing....
while he he may not physically use Fibs on charts he has mentally assimilated the fib movement of price. (40000 hrs et etc)
Try this....
1. set up your fibs with a 1.38 extension.
2. “Fib” a daily candle
3. See how next days price reacts.
4. See how often a break of the top or bottom of the daily candle reaches the 1.38 extension (too or bottom)
Switch to H1 to get a better view of what’s happening.
In my opinion - George’s mastery is due to having an eye for Fibonacci extension moves which combined with target levels and the MM etc lead him to be very confident.
that move to 1.38 if price breaks through top or bottom of a range (herd?) is something like 80% and you can see this by fibbing some daily candles....
if you trade BACK from that 1.38 extension there ms a high chance it will go to the other 1.38 on the other side.
Taje a look - spend a little time. in my opinion the fib part is a key to what Geirge is doing. He probably doesn’t USE fibs because he has it nailed in his head - Master Trader/boundless.
Is Geirge actually the Golden Meany?
.
- #1,127
- May 9, 2019 2:20am May 9, 2019 2:20am
- Joined May 2010 | Status: Straight line Fest | 3,194 Posts
Hi Moodybot, I am posting this here (Sorry Robot4me I know it is off topic, but I know you like EA's
Live can be different then a test but best of luck.
- #1,128
- May 9, 2019 2:57am May 9, 2019 2:57am
- Joined Dec 2017 | Status: Trader | 4,378 Posts
OK friends..... Here is something to get your juices flowing. And..... this is important. In my opinion George is a former accomplished Fibonacci trader and those skills lie at the heart of what he’s doing.... while he he may not physically use Fibs on charts he has mentally assimilated the fib movement of price. (40000 hrs et etc) Try this.... 1. set up your fibs with a 1.38 extension. 2. “Fib” a daily candle 3. See how next days price reacts. 4. See how often a break of the top or bottom of the daily candle reaches the 1.38 extension (too or bottom)...
I had a very nice chat with @George earlier this evening and Fibonacci never came up -- not even close. But he did show me the precision he is capable of. He won't go into trading details -- so, I don't know how he trades. But I now have a better idea of how he analyzes charts and the precision at which MM manipulation operates.
@TopCover -- It seems too much of a coincidence that you just recently brought up gaps. I've never traded gaps or even discussed them in my 2.5 years of trading. And, then, out of the blue, I finish a Skype session with @George where he touched on liquidity and price gaps and discover moments earlier you had posted about gaps. It is almost as though you have a secret hot line direct to @George
In addition to target levels, now I'm thinking it is important to better understand how liquidity gaps are used by the MM. Also, it should be possible to algorithmically detect liquidity gaps.
- #1,129
- May 9, 2019 3:01am May 9, 2019 3:01am
{quote} @TopCover -- appreciate the post, but let's not speculate what @George might or might not be doing. If you are interested in @George's methodology then his thread is the best source. I had a very nice chat with @George earlier this evening and Fibonacci never came up -- not even close. But he did show me the precision he is capable of. He won't go into trading details -- so, I don't know how he trades. But I now have a better idea of how he analyzes charts and the precision at which MM manipulation operates. @TopCover -- It seems too much...
- #1,131
- May 9, 2019 3:33am May 9, 2019 3:33am
- Joined Jun 2012 | Status: Trader | 1,106 Posts
Some people say I'm lucky, but the more I practice the luckier I get
- #1,132
- May 9, 2019 3:38am May 9, 2019 3:38am
- Joined Dec 2017 | Status: Trader | 4,378 Posts
{quote} Can you pls demonstrate on a chart what you have learnt. The entire world awaits this moment. TQ Btw it's usually y = mx + c on the textbooks
I've Googled "liquidity gaps" and also searched here on FF. The examples I've come across look similar to what @George showed me and are probably more accurate than what I could post based on what I remember. Essentially, the take home message was -- if I've got it right -- that liquidity gaps will get filled about 98% of the time. Furthermore, when they do get filled, the price reaches within a fraction of a pip -- that's the precision @George showed me. However, though you can be pretty darn sure it will get filled, you don't know when that will occur. I don't yet know how best to trade liquidity gaps, but I am now on the lookout for them. And I'm thinking about whether that's something worth adding to an indicator.
y = mx + c
I grew up in Southern California in the '60s -- and it was definitely 'b'. Since you can trust everything you read on the Internet, here is a link from Wikipedia:
https://en.wikipedia.org/w/index.php?title=Y_%3D_mx_%2B_b&redirect=no
If Wikipedia says it's so, that's as good as money in the bank, right?
- #1,133
- May 9, 2019 3:42am May 9, 2019 3:42am
- Joined May 2010 | Status: Straight line Fest | 3,194 Posts
{quote} Can you pls demonstrate on a chart what you have learnt. The entire world awaits this moment. TQ Btw it's usually y = mx + c on the textbooks
George also demonstrates why he doesn't bother with fibs. Now that is an eye opener that you are not going to see.
- #1,134
- May 9, 2019 3:46am May 9, 2019 3:46am
- Joined Dec 2017 | Status: Trader | 4,378 Posts
{quote} Can you pls demonstrate on a chart what you have learnt. The entire world awaits this moment. TQ Btw it's usually y = mx + c on the textbooks
y = mx + c
- #1,137
- May 9, 2019 4:07am May 9, 2019 4:07am
- Joined Dec 2017 | Status: Trader | 4,378 Posts
{quote} With respect to George mm psychology we are all rookiesAbout the linear equation, yours is American and mine British. So, we are both correct.
With respect to George mm psychology we are all rookies
About the linear equation, yours is American and mine British.
- #1,139
- May 9, 2019 4:34am May 9, 2019 4:34am
- Joined May 2010 | Status: Straight line Fest | 3,194 Posts
- #1,140
- May 9, 2019 4:35am May 9, 2019 4:35am
- Joined May 2010 | Status: Straight line Fest | 3,194 Posts
{quote} You will only know after 40,000hours. For the rest wait for the book.Except for the "chosen" few who expressly do see value in the writings, they qualify to receive live market mentoring.