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

  • #1,641
  • May 17, 2019 12:34am May 17, 2019 12:34am
Quoting robots4me
It's been a pleasant surprise to me how this thread has progressed. When I first created it I had no particular goal in mind other than to share an indicator. @George had frozen his site and I thought the indicator would save people some time creating all those TOP and BOTTOM target level lines. I probably also wanted to keep alive the notion of MM psychology and price manipulation. I've learned a ton from y'all and I'm looking forward to learning more. And, of course, it goes without saying I enjoy the interaction-- even though my remarks are often...
I might be looking at your chart incorrectly, but are the Blue lines the liquidity gap and if so they looked to have been already taken out, so why would you want to go Short is there a further liquidity gap not shown by the indicator?
Some people say I'm lucky, but the more I practice the luckier I get
  • #1,642
  • May 17, 2019 12:41am May 17, 2019 12:41am
Quoting Robot Trader
{quote} I might be looking at your chart incorrectly, but are the Blue lines the liquidity gap and if so they looked to have been already taken out, so why would you want to go Short is there a further liquidity gap not shown be the indicator?
@Robot Trader -- at the time the spike occurred and the price began to re-enter the TMA, the liquidity gap hadn't yet been filled. But, over time, you can see that it does get filled -- precisely.

The Zone #2 I'm referring is the immediate aftermath of a spike. Exactly how long an "aftermath" lasts, well, that would be a good question to ask.
  • #1,643
  • May 17, 2019 12:45am May 17, 2019 12:45am
Quoting Robot Trader
{quote} I might be looking at your chart incorrectly, but are the Blue lines the liquidity gap and if so they looked to have been already taken out, so why would you want to go Short is there a further liquidity gap not shown by the indicator?
HI. If you take the wicks away you see why they go short
  • #1,644
  • May 17, 2019 12:51am May 17, 2019 12:51am
Quoting rosalieone
{quote} HI. If you take the wicks away you see why they go short

OK so what your saying is that if you remove the High to Close (wick) of the candle before the large liquidity candle there is sill a little more to go
Some people say I'm lucky, but the more I practice the luckier I get
  • #1,645
  • May 17, 2019 12:54am May 17, 2019 12:54am
Quoting robots4me
{quote} @Robot Trader -- at the time the spike occurred and the price began to re-enter the TMA, the liquidity gap hadn't yet been filled. But, over time, you can see that it does get filled -- precisely. The Zone #2 I'm referring is the immediate aftermath of a spike. Exactly how long an "aftermath" lasts, well, that would be a good question to ask.
If you are just looking to trade down to the body of that small candle then where would you place your SL to get good R:R?
Some people say I'm lucky, but the more I practice the luckier I get
  • #1,646
  • May 17, 2019 12:55am May 17, 2019 12:55am
Quoting Robot Trader
{quote} OK so what your saying is that if you remove the High to Close (wick) of the candle before the large liquidity candle there is sill a little more to go
See it by yourself on other currencies
  • #1,647
  • May 17, 2019 12:58am May 17, 2019 12:58am
Quoting rosalieone
{quote} See it by yourself on other currencies
If my post to you was correct then I understand what you are saying and I also think that its the target R4M is referring to, so yes seems to make scene
Some people say I'm lucky, but the more I practice the luckier I get
  • #1,648
  • May 17, 2019 1:01am May 17, 2019 1:01am
Quoting robots4me
It's been a pleasant surprise to me how this thread has progressed. When I first created it I had no particular goal in mind other than to share an indicator. @George had frozen his site and I thought the indicator would save people some time creating all those TOP and BOTTOM target level lines. I probably also wanted to keep alive the notion of MM psychology and price manipulation. I've learned a ton from y'all and I'm looking forward to learning more. And, of course, it goes without saying I enjoy the interaction-- even though my remarks are often...

Attached Image (click to enlarge)
Click to Enlarge Name: zone2-chart-02.png Size: 48 KB


Here's an example of how this rookie experiments. Same chart as above, but I've also attached the standard stochastic indicator.

Since this is a bullish spike that poked above a TMA band and re-entered from above -- then I'm only thinking SELL. In other words, with this type of setup I would only go short or do nothing at all.

But where to enter the SELL position? Look at the stochastic indicator in the lower subwindow. The vertical green lines mark where the stochastic crosses the '80' level going downward.

Of course this is all in hindsight, but the combination of using Zone #2 which provides direction (but you don't know when), with an oscillator like Stochastics (which does tell you when) might move us closer to a tradeable strategy.
  • #1,649
  • May 17, 2019 1:16am May 17, 2019 1:16am
Quoting robots4me
{quote} {image} Here's an example of how this rookie experiments. Same chart as above, but I've also attached the standard stochastic indicator. Since this is a bullish spike that poked above a TMA band and re-entered from above -- then I'm only thinking SELL. In other words, with this type of setup I would only go short or do nothing at all. But where to enter the SELL position? Look at the stochastic indicator in the lower subwindow. The vertical green lines mark where the stochastic crosses the '80' level going downward. Of course this is all...
Sorry, I thought in your original post you were looking to trade right now, if it was an hindsight trade setup, then maybe your use of Stoch's gives you an entry, I will check it out on one of my charts
Some people say I'm lucky, but the more I practice the luckier I get
  • #1,650
  • May 17, 2019 1:25am May 17, 2019 1:25am
Yes there is also MACD Divergence giving additional confirmation
Attached Image (click to enlarge)
Click to Enlarge Name: EURCHF M30.JPG Size: 252 KB
Some people say I'm lucky, but the more I practice the luckier I get
  • #1,651
  • May 17, 2019 2:19am May 17, 2019 2:19am
Quoting robots4me
{quote} {image} Here's an example of how this rookie experiments. Same chart as above, but I've also attached the standard stochastic indicator. Since this is a bullish spike that poked above a TMA band and re-entered from above -- then I'm only thinking SELL. In other words, with this type of setup I would only go short or do nothing at all. But where to enter the SELL position? Look at the stochastic indicator in the lower subwindow. The vertical green lines mark where the stochastic crosses the '80' level going downward. Of course this is all...
You returned back at the middle of your TMAs charts so in a balanced area where price has room to go up or down.
How you can decide to buy or sell?
You need to have other clues. Maybe a MTF approach?
Cheers
  • #1,652
  • May 17, 2019 2:25am May 17, 2019 2:25am
Morning guys - the Diagonals are providing a coherent roadmap for my G trades. Price has turned pretty much at point A - I’m not sure I can see another logical reason for the turn (gap, top/bottom etc) but then I’m on my phone....
Attached Image (click to enlarge)
Click to Enlarge Name: 1E5E6818-F792-4038-BDF1-D4501FEAF782.jpeg Size: 347 KB
  • #1,653
  • May 17, 2019 2:39am May 17, 2019 2:39am
@top cover


Yes me too
I have noticed if you leave the support resistance lines...they tendo to not go through them with out a good portion of volume to push them through the next resistance line
Even though I have noticed that mister G said thta s/r don't mean anything but probably show stops.
  • #1,654
  • May 17, 2019 3:31am May 17, 2019 3:31am
Quoting Robot Trader
{quote} Sorry, I thought in your original post you were looking to trade right now, if it was an hindsight trade setup, then maybe your use of Stoch's gives you an entry, I will check it out on one of my charts

@Robot Trader -- I should have been more clear -- it was a hindsight setup. Perhaps not the best example. I was just looking for an example with a bullish spike and liquidity gap that got filled.

The combination of MM showing it's hand (i.e. re-entering a TMA band) plus the bullish liquidity gap solves the direction -- in this example. But I would still be unsure when to enter. An oscillator-type or momentum-type indicator might provide an additional piece to the puzzle.

I'm not pushing this as an official methodology. I thought I would get things started and took a risk and threw something out there.
  • #1,655
  • May 17, 2019 3:36am May 17, 2019 3:36am
Quoting robots4me
It's been a pleasant surprise to me how this thread has progressed. When I first created it I had no particular goal in mind other than to share an indicator. @George had frozen his site and I thought the indicator would save people some time creating all those TOP and BOTTOM target level lines. I probably also wanted to keep alive the notion of MM psychology and price manipulation. I've learned a ton from y'all and I'm looking forward to learning more. And, of course, it goes without saying I enjoy the interaction-- even though my remarks are often...

Amazing post R4M! Made me open my eyes to actually try to trade zone 2 instead of zone 1. Focussing on when the MM has shown its hand and where it wants to go to next, along with filling those liquidity gaps.

Do you happen to know if that hostsymbolchanger has been attached here? I couldn't find in the attachments.
  • #1,656
  • May 17, 2019 3:37am May 17, 2019 3:37am
Quoting imeandmyself
{quote} To find this 'critical mass' level, George has provided a number of pointers in his posts - some that stand out: 1) TMA bands with settings of 60/120 and 6 & 8 Multipliers on M15, H1, and H4 timeframes 2) SMA 200 3) SMAs 20 and 7 4) Levels marked by higher lows (when price is stepping up) and lower highs when price is stepping down 5) Though George doesn't specifically mention liquidity gaps in his posts, it seems to 'fit in' nicely into the counter trend trading method and could serve as additional confirmation of the critical mass point...
@imeandmyself: Only 7 posts but you seem to very much have a handle on things - very insightful!

@Steve: Fantastic thread, I have learned much, thank you!
"When the facts change, I change my mind"
  • #1,657
  • May 17, 2019 3:45am May 17, 2019 3:45am
Quoting LongBTC
{quote} Amazing post R4M! Made me open my eyes to actually try to trade zone 2 instead of zone 1. Focussing on when the MM has shown its hand and where it wants to go to next, along with filling those liquidity gaps. Do you happen to know if that hostsymbolchanger has been attached here? I couldn't find in the attachments.
@LongBTC -- I can't help but chuckle -- you're a good detective. It's a simple "place holder" indicator I wrote that creates a blank subwindow. @cja's dashboard has a setting that allows you to attach his dashboard to either the main chart of one of the subwindows.

Here's the HostSymbolChanger indicator:
Attached File(s)
File Type: ex4 HostSymbolChanger.ex4   28 KB | 350 downloads
  • #1,658
  • May 17, 2019 4:05am May 17, 2019 4:05am
@George did mention about MA divergence
This post from 919gilead (https://www.forexfactory.com/919gilead)'s MADdash thread has a very good explanation of MA divergence between LTF and HTF -

https://www.forexfactory.com/showthread.php?p=12266293#post12266293

919gilead (https://www.forexfactory.com/919gilead) name is also George.

My observation is that it is quite reliable.
  • #1,659
  • May 17, 2019 4:26am May 17, 2019 4:26am
Quoting mixedbags
@George did mention about MA divergence This post from 919gilead (https://www.forexfactory.com/919gilead)'s MADdash thread has a very good explanation of MA divergence between LTF and HTF - https://www.forexfactory.com/showthread.php?p=12266293#post12266293 919gilead (https://www.forexfactory.com/919gilead) name is also George. My observation is that it is quite reliable.
@mixedbags -- looks interesting -- thank you. I will check it out further.

Since his indicator is a dashboard and not graphical, then it's a bit difficult to see how it would have traded in hindsight. I will add it to one of my life accounts and compare how its recommendations align with the indicators I'm currently using.
  • #1,660
  • May 17, 2019 4:40am May 17, 2019 4:40am
Quoting TopCover
Morning guys - the Diagonals are providing a coherent roadmap for my G trades. Price has turned pretty much at point A - I’m not sure I can see another logical reason for the turn (gap, top/bottom etc) but then I’m on my phone.... {image}
@TopCover -- toward the very left of the chart there is clearly a bullish spike -- that's the Zone #2 I'm referring to, where the MM has shown it's hand. It's not clear to me point A on the chart represents the MM showing its hand. The lower lows could be the MM luring stop losses downward in preparation for a spike upwards. I don't know -- I guess we'll find out soon.

What would your chart look like if you overlayed @Nih98's TMA bands. I'm really curious to see how his TMA bands align with your diagonals.
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