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

The Volume Detective 411 replies

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

Quoting parisboy
{quote} @Robots4me when I read this description, spontaneously you were not the first name coming in my mind in spite of "your exaggerated sense of self importance" as noticed by your wife ! I confess I am guilty too to some extent. I am guilty also to have some definite opinionss and to express them. Anyway you are right, let us return to examine and test lazy trading strategies, useless indicators Let us explore together the wrong paths which lead to the black side of the market !
@parisboy -- beautiful -- I love it...

Quote
let us return to examine and test lazy trading strategies, useless indicators Let us explore together the wrong paths which lead to the black side of the market !
Yes !! Onwards and upwards (or downwards) !!
Lol
Shit has gone wild lately
But true.i think @george should mention some better hints or pointers
Because I guess who ever really wants it...will work hard for it but we do have some lazy ones that want it easy . But I think george should have noticed r4me hard work throughout all this time . Just my 2 cents
I'm not here to argue but wanted to show some feedback bout the current situation.
I try to fine tuning my TMA bands, the band levels will use relative range to adapt TF, especially Intradays TFs (up to H1). Also work on Master SwingMan Fractal lines Indicator (become rectangles) and in combination with my Gaussian Velocity (for better visual momentum). Will share here later (or in my journal thread) if I think it could help all of you.

GBPJPY M1
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Happy Trading
NIH
Dog + Smile = Beautiful Day
Quoting robots4me
{quote} @FXState, @moodybot -- why are you guys using this thread for private messaging? The forum has a PM feature just for that. That's very disrespectful both to me and everyone else. I'm minimizing those posts. It's not a big deal and, of course, you are still free to contribute. I'm just surprised that guys with your experience here would take advantage and behave in that way.
@Steve I am sorry if you feel disrespected by alerting Andy to a message sent to him. It was because I was unable to message on George's thread due to his restrictions on the thread. As Andy stated in his above message, we did not intend to disrespect any body. Just because he is also a contributor here that why I message him here. It won't happen again. Hope George will open his thread fully for participation of everybody.

Amos
Hey r4me,

Sorry for my absence, been in the laboratory putting in the screen hours

While we are moving on from what George has been trying to teach/coach/mentor us, whatever you may call it, I would still like to address that famous post #2409 that he has been showing us multiple times even though I 100% agree with you that I also don't like all the puzzles, riddles and treasure maps. If you have something to share then do so but don't wast our time, we are not all lazy traders. Looking at that post I noticed that there are decent reversals whenever a high or low is taken out.

A couple of pages ago ADR got mentioned multiple times and ADR is something I've been messing around with a lot the past 2 weeks. George mentioned that targets are one of the most important aspects about trading and I think we can all agree on this, but then we had the problem that we didn't know which target(s) the MM would like to take out and reverse from there. So unless you figured out George's TMA 1M settings, solved the template puzzle or put in 2 billion screen hours and are not lazy and stupid we still have a problem where to enter a trade when a target is taken out. So using your MMdetective indicator which is in my opinion great for pointing out tops and bottoms I went over the charts and applied ADR for entries.

Common sense would tell us that the higher the ADR is for the day the less likely it is for the market to move any further so I've been looking at targets (previous highs and lows) that are around the ADR or even higher or lower depending on which direction the MM is pushing for an even higher probability of a reversal trade.

The conclusion I made is that we are very much aware that the MM is taking out targets for stop hunting and the benefits of liquidity. Using your indicator we have a good visual view of the targets and I found out that using an ADR helps us alot with timing the right high or low that they want to take out.

As you very much like charts with explanations on it the same way I do I provide multiple examples from profitable trades:
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Quoting robots4me
{quote} @parisboy -- beautiful -- I love it... {quote} Yes !! Onwards and upwards (or downwards) !!
Hi robots4me

First and foremost, Thankyou for your hard work .

They say there are many pathways to God , therefore there are always different pathways for different individuals.

That applies to forex as well.

Be humble (you are )
Be critical ( you are )
Be logical ( you are )

All you hard work is incorporated within yourself , you're journey has begun , subconsciously you are learning , analysing and pathways to sucess are be being created.

It will happen .

Regards

Huzee
Quoting HUZee
{quote} Hi robots4me First and foremost, Thankyou for your hard work . They say there are many pathways to God , therefore there are always different pathways for different individuals. That applies to forex as well. Be humble (you are ) Be critical ( you are ) Be logical ( you are ) All you hard work is incorporated within yourself , you're journey has begun , subconsciously you are learning , analysing and pathways to sucess are be bring created. It will happen . Regards Huzee
and some from me that R4me is not :-)

Be humble (you are )
Be critical ( you are )
Be logical ( you are )

Be ignorant
Be Lazy
trust anyone
Spend 1000000000 hours of screentime before writing an indicator to live this beautiful life
Kiss the gurus until your nose turns the darkest shade of you know which color
Listen to everyone but ignore your inner instincts
Believe everyone and everything
Be a child and Solve every fucking puzzle
Dont ask for sensible questions or Validations before becoming a follower
Follow no one everyone
Desperate to become a follower and hope one day you will be invited on the red (or multi-color) carpeted "selection" ceremony
Be nice to no one
Offer help to no one
and the list goes on...... sorry, I could not seal my lips :-(
Staying in my lane...
Useless Key concepts to understand Price Action :

Measured Move
Envelope Amplitude

Underlying Trend = Measured Move - Envelope Amplitude = X Pips / Time Unit
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Ok - who has traded Wolfe Waves?

Read about them in "Street Smarts" ( Linda Radske)

Gonna say this...thinking that the smoke and mirrors of George's material is actually a basic principle "tarted up" with a nice dose of mystique. others have speculated along the same lines. There's truth there of course but an additional load of BS thrown in along the way for laughs at Inner Circle Central.

I've spent the last couple of days avoiding the crap talk and unpleasantness on here from the Praetorian Guard members and others who occasionally raid the beaches - and instead have been looking at Wolfe Waves. Something has nagged at my mind since I first saw George's stuff and the idea of trading back from a determined level. I propose as a theory that this level is often Point 5 of a Wolfe Wave from which a trade is placed to a target of the 1 through 4 line. And yes ADR is important. And yes it could be the MM setting up this quite complex pattern and structure.

I'm a risk taker - I don't care if I'm wrong. I just don't care. I rush in and try stuff and speculate. I'm a fixer and a blagger and in my real world I get results. I could sit on this for fear of ridicule but I'm thinking it.... so you're getting it too....
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Explanatory diagram by the originator of the Wolfe Wave.

Point 5 often lies outside of the 1 through 3 line.

EDIT: I've been trading these over the last 24 hours with great success - I looked at them years ago and moved on but they are powerful. Basically a rising or falling wedge...
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Quoting TopCover
Ok - who has traded Wolfe Waves? Read about them in "Street Smarts" ( Linda Radske) Gonna say this...thinking that the smoke and mirrors of George's material is actually a basic principle "tarted up" with a nice dose of mystique. others have speculated along the same lines. There's truth there of course but an additional load of BS thrown in along the way for laughs at Inner Circle Central. I've spent the last couple of days avoiding the crap talk and unpleasantness on here from the Praetorian Guard members and others who occasionally raid the beaches...
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I don't care if I'm wrong. I just don't care. I rush in and try stuff and speculate. I'm a fixer and a blagger
@TopCover -- yep, I'm with you.
BTW -- what's a blagger? You Britishers really need to learn from us Americans how to properly speak the Queen's English.


blagger. From Longman Dictionary of Contemporary Englishblag‧ger /ˈblæɡə $ -ər/ noun [countable]
British English informal someone who gets something they want by lying to people in a clever way.
GU H1 No guessing.

Monkey see Monkey do!!!!!!!!!!!
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Quoting robots4me
{quote} {quote} @TopCover -- yep, I'm with you. BTW -- what's a blagger? You Britishers really need to learn from us Americans how to properly speak the Queen's English. blagger. From Longman Dictionary of Contemporary Englishblag‧ger /ˈblæɡə $ -ər/ noun [countable] British English informal someone who gets something they want by lying to people in a clever way.
Lol - for blag read "hustle" - we talk about blagging our way - not always in possession of the absolute facts but getting there.... And yes R4me we do have a different "vernacular" as you and I have discovered....
Quoting TopCover
Explanatory diagram by the originator of the Wolfe Wave. Point 5 often lies outside of the 1 through 3 line. EDIT: I've been trading these over the last 24 hours with great success - I looked at them years ago and moved on but they are powerful. Basically a rising or falling wedge... {image}
Quote
I looked at them years ago and moved on but they are powerful. Basically a rising or falling wedge
@TopCover -- okay, but what's the basis of the wedges? Would you say this is the MM's algorithm at work or is it magic? Why wedges? Why not octagons or hexagons or ???

I don't mean to give you a hard time and, actually, I really don't care much for explanations anymore. If a methodology works consistently then it's worth pursuing. If you have a nice explanation as to why it works, that's fine -- but I now consider that just icing on the cake. I mean, a few months ago I learned about MM psychology that explained why prices moved as they did, but I could never translate that to rules that allowed me to be a better trader. So, if wedges work, then I'm interested in learning more. But you are going to have to make it easy for me -- I don't have the time to experiment and analyze. I hope you share more as you become more familiar and comfortable with the methodology.
Quoting moodybot
GU H1 No guessing. Monkey see Monkey do!!!!!!!!!!! {image}
LOL - Kevlar helmet on and chin-strap fastened....Light the blue touch paper and RUN......
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Quoting robots4me
{quote} {quote} @TopCover -- okay, but what's the basis of the wedges? Would you say this is the MM's algorithm at work or is it magic? Why wedges? Why not octagons or hexagons or ??? I don't mean to give you a hard time and, actually, I really don't care much for explanations anymore. If a methodology works consistently then it's worth pursuing. If you have a nice explanation as to why it works, that's fine -- but I now consider that just icing on the cake. I mean, a few months ago I learned about MM psychology that explained why prices moved as...
R4me - Spend 5 minutes on Google Images with "Wolfe Wave" if you have that to spare - you'll get the idea. A falling or rising wedge ( price narrowing in a funnel effect) is a classic reversal pattern. Wolfe built some rules around it with projected targets etc.... good stuff. Type Wolfe wave PDF and you'll most likely find the detailed material I have by the originator. Its not magic - its a pattern. But it might just be the MM's pattern behind the Voodoo we've all spent four months of our time on ...
Last thought on this - this does not overtake my Laurentiu Damir Value Areas theory - if you set up three simple lines on your chart that embrace price action you will find a road map. These Wolfe Waves fit perfectly into that theory as well.

I see George has added "fair value areas" to his list of crap stuff lol - Good ole George....
Quoting moodybot
GU H1 No guessing. Monkey see Monkey do!!!!!!!!!!! {image}
I'm not Monkey.. lol , just Old Dog, but what new Bro ?

GU H1
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GU M1
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And this Gaussian Velocity theory/formula invented 40 years ago..

NIH
Dog + Smile = Beautiful Day
Quoting TopCover
{quote} R4me - Spend 5 minutes on Google Images with "Wolfe Wave" if you have that to spare - you'll get the idea. A falling or rising wedge ( price narrowing in a funnel effect) is a classic reversal pattern. Wolfe built some rules around it with projected targets etc.... good stuff. Type Wolfe wave PDF and you'll most likely find the detailed material I have by the originator. Its not magic - its a pattern. But it might just be the MM's pattern behind the Voodoo we've all spent four months of our time on ...
While you're courting the Demon Google, you may as well ask it to produce the Wolfe Wave mt4 indicator.

I wondered who would be the first to bring these up - good call, TC.
Quoting TopCover
{quote} LOL - Kevlar helmet on and chin-strap fastened....Light the blue touch paper and RUN...... {image}

Mate, I'll make it easy.

Wolves...no....that would be dingoes in this country...nasty little buggers, and like wolves, completely unpredictable.

Now the kangaroo just lays on the ground, scratching its nuts, until an unsuspecting wad of cash comes blowing on by.....then it rears up, box's the f%ck out of the dumb mon.y (bag carrier) wanders off and lays down somewhere else waiting for another mon..bag carrier....

Life couldn't be simpler for the Kangaroo..................................
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