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The Volume Detective 411 replies

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

  • #2,841
  • Jun 11, 2019 2:41am Jun 11, 2019 2:41am
Quoting robots4me
Part 3 / 4 {image} Next I wanted to explain a little bit about the candidate signals... Looking at the image above, I've circled 6 signals: (1), (2), and (3) are generated by the ADR Touch algorithm and filtered by 0.75 Fraction ADR. (4) and (5) are generated by the M1 TMA algorithm and have NOT yet been filtered. They will need to be filtered manually by the FX RSI indicator. To be honest, the ADR Touch signals (filtered by 0.75 Fraction ADR) look pretty darn consistent. Keep in mind IRUTM is hot off the press and it is still too early to make...
Steve
I have to say credit were credit is due, you certainly deserve credit for your tenacity and tireless work under extreme pressure
Dave
  • #2,842
  • Jun 11, 2019 2:48am Jun 11, 2019 2:48am
Part 4 / 4

Some general comments -- in no particular order:

1. To do:
* Finish alerts. Currently alerts should be working for M1 TMA, but I need to add them for ADR Touch
* Automate momentum filtering for M1 TMA signals
* Generate ADR Touch signals when TMA Band #2 touches ADR outside 0.75 Fraction ADR

2. Source code:
I will not be releasing source code. Source code is my job security. Without preserving my IP (intellectual property) then readers would drop me for the next pretty face that strolls by and winks.

3. Why M15 Time Frame?
For a couple of reasons -- (a) the ADR fits within the upper and lower bands of @Nih98's M15 TMA indicator, and (b) the M15 Band #2 matches exactly with the M1 TMA bands and, when combined with ADR Touch, can be used to generate another reliable signal.

4. What about jumping around to test different time frames? Not needed. This is because the indicators used to generate candidate signals -- M1 TMA and ADR Touch -- are time frame-independent. M1 TMA is M1 TMA regardless which time frame the chart is. ADR Touch is ADR Touch regardless which time frame the chart is. Also, the 0.75 Fraction ADR is independent of time frame. The only indicator that is time frame-dependent is the momentum indicator used for validating M1 TMA candidate signals. Down-shifting to a lower time frame when filtering M1 TMA candidate signals might make a little difference, but I'm not convinced it is really worth it. Plus, I think there is something to be said for keeping things simple. Sticking with one time frame also makes it much easier to quickly traverse all the pairs you are interested in trading.

5. With regards to blow-back from @George and the inner-circle -- I'm not sure what to expect. I doubt they can resist insults and belittling. @George just recently (by coincidence ??) announced a new super-duper TMA -- though no details yet. So, they may now claim M1 TMA is outdated. Or they may mock the use of FX RSI as a filter for identifying false positives generated by M1 TMA. @George's methodology uses the 200, 20, and 7 SMA to simulate momentum filtering. Though @George et al may mock my use of indicators -- his methodology uses them as well. And the last time I checked SMA was a standard, default indicator. IRUTM does not use standard indicators -- only custom ones. So, it will be interesting to see the contortions they will twist themselves into in order to mock IRUTM but ignore the fact they use (default) indicators.

This posting might ruffle some feathers and get me banned again. If there is a pause in my posting it's not by choice. I still have a few things to finish and share with the IRUTM indicator. At least it is out there now for people to evaluate.
  • #2,843
  • Jun 11, 2019 2:54am Jun 11, 2019 2:54am
Quoting OAPDave
{quote} Steve I have to say credit were credit is due, you certainly deserve credit for your tenacity and tireless work under extreme pressure Dave
@OAPDave -- thanks, and it is a work of joy. It gives me pleasure to prove the naysayers wrong.

If it wasn't for the insults and mocking from @George and the inner-circle, I wouldn't be as motivated. I have a chip on my shoulder and they keep making it bigger.
  • #2,844
  • Edited 7:44am Jun 11, 2019 3:42am | Edited 7:44am
Quoting robots4me
Part 4 / 4 Some general comments -- in no particular order: . Or they may mock the use of FX RSI as a filter for identifying false positives generated by M1 TMA. @George's methodology uses the 200, 20, and 7 SMA to simulate momentum filtering. Though @George et al may mock my use of indicators -- his methodology uses them as well. And the last time I checked SMA was a standard, default indicator. IRUTM does not use standard indicators -- only custom ones. So, it will be interesting to see the contortions they will twist themselves into in order...
Moving Averages are indicators AND filters at the same time.

I prefer to use (lazy) Centered Moving Averages ( last calculated result is positioned 1/2 period back)
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  • #2,845
  • Edited 7:38am Jun 11, 2019 4:23am | Edited 7:38am
As George recently wrote :

Moving averages are amazingly powerful ,,,,
WHEN ,,
One can master the message they give a trader ,,,
THEY ARE A LEADING INDICATOR ,,,,,
THEY ARE NOT A LAGGING INDICATOR ,,,,
As many IGNORANTS claim ! ! !
They just do NOT know how to use them ,,,,

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  • #2,846
  • Jun 11, 2019 4:44am Jun 11, 2019 4:44am
Finally found GEORGE AUS real occupation
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Follow The Markets Structure - Patience and Discipline
  • #2,847
  • Jun 11, 2019 5:01am Jun 11, 2019 5:01am
Quoting pipfarm
Finally found GEORGE AUS real occupation {image}
Wow. Really?? the hatred you have for George is misplaced. What is the need to jump to conclusions? As i said in my previous post, even his hardcore critics would agree that George has Zero Commercial Intent{in reference to the above picture}.

Another Funny Thing is:

Whatever might have transpired between Master George and Steve- You do realize you are posting in Steve's thread.?

How many times has Steve put Parisboy or Skyway and others in the ignore list and how many times has Steve in good faith restored there posting rights. They rarely if any positively contribute to Steve's thread, but every chance they get, they fire on Steve shoulders on George.

Have some respect for Steve by not posting/using on his thread for your agenda against Master George.

If you haven't got the sense of George's character by now looking at this thread or his umpteen opportunities to talk to him and improve your trading life, not sure any more effort would also not matter.
  • #2,848
  • Jun 11, 2019 5:12am Jun 11, 2019 5:12am
Quoting aaven
{quote} Wow. Really?? the hatred you have for George is misplaced. What is the need to jump to conclusions? As i said in my previous post, even his hardcore critics would agree that George has Zero Commercial Intent{in reference to the above picture}. Another Funny Thing is: Whatever might have transpired between Master George and Steve- You do realize you are posting in Steve's thread.? How many times has Steve put Parisboy or Skyway and others in the ignore list and how many times has Steve in good faith restored there posting rights. They rarely...

Just a bit of fun , Steve

aaven , see image
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Follow The Markets Structure - Patience and Discipline
  • #2,849
  • Jun 11, 2019 5:49am Jun 11, 2019 5:49am
Quoting aaven
{quote} Wow. Really?? the hatred you have for George is misplaced. What is the need to jump to conclusions? As i said in my previous post, even his hardcore critics would agree that George has Zero Commercial Intent{in reference to the above picture}. Another Funny Thing is: Whatever might have transpired between Master George and Steve- You do realize you are posting in Steve's thread.? How many times has Steve put Parisboy or Skyway and others in the ignore list and how many times has Steve in good faith restored there posting rights. They...
Bootlickers at work
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  • #2,850
  • Jun 11, 2019 6:05am Jun 11, 2019 6:05am
Quoting parisboy
{quote} Bootlickers at work {image}
Sure Man.

Whatever makes you happy.
  • #2,851
  • Jun 11, 2019 6:38am Jun 11, 2019 6:38am
Quoting skyway
{quote} This is not your first time. Few years back I called you out, mr lawyer remember ? Different master back then
If you are talking about GB, Fair Enough- I was in the wrong then.

Th point i was making is this:

1. Master George: As Benevolent as he is; doing the best he can to guide New Traders-Correction-He already laid it out for all to read-George laid out a solution statement and it is in the open for everyone to see, evaluate and use it to enrich their trading life as they see fit.

2. Steve- Notwithstanding what is/has happened between Master George and him-His mission statement hasn't changed- He is in his 60's and is unwilling to spend XXX number of hours and he wants something that works now and is working towards that in his own way.

3. "Elements" that have some bone to pick with George are using Steve/Steve's thread for their own agenda.- Feel free to prove me wrong--He has been churning out indicators which translates into him spending time and effort-Knowing his mission statement-when was the last time you or Parisboy contributed positively to Steve's work- But anything to do with George- voila-Everyone comes out of the wood works. It looks like you don't want Steve or for that matter others to succeed in this game.

Your Words:

"Did it ever cross your mind, with my experience in this business, I could have feigned loyalty, then steal his trading secrets ? "

Some one offers to spend their time and share their experience; the first inwards expression you have is to potentially "feign loyalty"-

Who even thinks like this.
  • #2,852
  • Jun 11, 2019 8:57am Jun 11, 2019 8:57am
Quoting pipfarm
Finally found GEORGE AUS real occupation {image}
Quoting parisboy
As George recently wrote : Moving averages are amazingly powerful ,,,, WHEN ,, One can master the message they give a trader ,,, THEY ARE A LEADING INDICATOR ,,,,, THEY ARE NOT A LAGGING INDICATOR ,,,, As many IGNORANTS claim ! ! ! They just do NOT know how to use them ,,,, {image} {image}
@pipfarm, @parisboy -- you guys are good. Thanks for the humor...
  • #2,853
  • Edited 10:05am Jun 11, 2019 9:32am | Edited 10:05am
Quoting aaven
{quote} Wow. Really?? the hatred you have for George is misplaced. What is the need to jump to conclusions? As i said in my previous post, even his hardcore critics would agree that George has Zero Commercial Intent{in reference to the above picture}. Another Funny Thing is: Whatever might have transpired between Master George and Steve- You do realize you are posting in Steve's thread.? How many times has Steve put Parisboy or Skyway and others in the ignore list and how many times has Steve in good faith restored there posting rights. They rarely...
Hello @aaven -- thanks for your post. I know your intentions are good. Your posts are always respectful.

@George et al have created a tremendous amount of resentment -- and continue to do so. Have you read even a little the insults and mocking in almost everyone of @George's, @moodybot's and @bluesteele's posts? And when it comes to "naysayers" -- who worse than those three?

And since @George prevents contrary views on his thread then I don't mind if people let off some steam from time-to-time -- as long as it doesn't distract from the thread. I just finished my posts about an updated version of the IRUTM indicator and, so, it was nice to have a few chuckles at @George's expense.

@aaven -- as you know I was once a staunch supporter of @George -- even though I could never figure out how to trade his methodology. And then, one day, I realized that was by design and I broke away. The master and his disciples did not take kindly to that. I'm a rookie and they are 3 experienced traders -- do you think I would intentionally go looking for trouble? Of course not. Not so much @George, but @moodybot and @bluesteele have histories of bullying here at FF -- especially @bluesteele. Perhaps you should ask him about that. I could name names, but I'll leave that to him to explain.

EDIT: As humans we always see things through colored glasses (i.e. our biases). @aaven -- you are currently following @George et al through rose-colored glasses. At some point down the road you will swap those for a clear pair, and then better understand what has been going on.

EDIT: There are also people who will always be more comfortable following a master -- regardless of the path it takes them. Life is complicated and things feel more under control when you belong to a group / cult and only need to take instructions from a master. For people like that things will never change -- it not only is undesirable but also inconceivable to explore things on your own. @aaven -- hopefully you have enough personal incentive and drive to carve your own path. But, if not, then I guess @George is as good a savior as any.
  • #2,854
  • Jun 11, 2019 10:13am Jun 11, 2019 10:13am
Quoting robots4me
{quote} Hello @aaven -- thanks for your post. I know your intentions are good. Your posts are always respectful. @George et al have created a tremendous amount of resentment -- and continue to do so. Have you read even a little the insults and mocking in almost everyone of @George's, @moodybot's and @bluesteele's posts? And when it comes to "naysayers" -- who worse than those three? And since @George prevents contrary views on his thread then I don't mind if people let off some steam from time-to-time -- as long as it doesn't distract from the thread....
Steve,

Thank you taking my posts it in the right spirit...
  • #2,855
  • Jun 11, 2019 11:00am Jun 11, 2019 11:00am
Testing out the new version of IRUTM; got my harmonic patterns drawn showing areas of potential higher time frame trend continuation (patterns could be the end of a pullback) didn't have my entry formation so I didn't enter the trade, but IRUTM pinpointed the price reversal on the DOT. As you can see a bullish signal has now been produced which I'm not surprised by as I expect price to return to the PRZ reversal zone paint my entry trigger whilst also supplying another bearish signal on IRUTM before having a large down move across USDJPY, which also aligns with a potential upmove I have drawn out on AUDUSD. Overall I see some USD weakness ahead!

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  • #2,856
  • Jun 11, 2019 1:56pm Jun 11, 2019 1:56pm
Quoting YoungET
Testing out the new version of IRUTM; got my harmonic patterns drawn showing areas of potential higher time frame trend continuation (patterns could be the end of a pullback) didn't have my entry formation so I didn't enter the trade, but IRUTM pinpointed the price reversal on the DOT. As you can see a bullish signal has now been produced which I'm not surprised by as I expect price to return to the PRZ reversal zone paint my entry trigger whilst also supplying another bearish signal on IRUTM before having a large down move across USDJPY, which...
@YoungET -- this is excellent. Thank you so much for sharing this result. It gives me further confidence that we're on the right path.
  • #2,857
  • Jun 11, 2019 2:22pm Jun 11, 2019 2:22pm
Quoting robots4me
{quote} @YoungET -- this is excellent. Thank you so much for sharing this result. It gives me further confidence that we're on the right path.
A perfect example here of an entry I shall take on the EURUSD; here's a walkthrough of what I'm looking for.

1. Using the TMA I judge the direction of price on a higher time frame, so on the Weekly it's overall bearish. I then attach Lopez trend which shows a good degree of where trend pullbacks can occur. So what you see is weekly TMA telling you it's overall bearish, then Lopez is saying that it's hitting the outer band, which in terms means price is turning bullish. But hang on, if the market on the weekly is overall bearish to a strong degree, there's a high probability this is a pullback waiting to trap long positions.

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2. Now we have direction which in this case is to look for short positions, I then look for harmonic patterns across timeframes ranging from 15Min - Daily. In this scenario I have a bearish crab drawn out on the 4HR timeframe with the PRZ (Potential Reversal Zone) highlighted with the hollow rectangle. Price effectively COULD reverse and continue the higher time frame trend within this area. So now we have Higher timeframe direction with a lower timeframe pattern building confluence.

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3. Once price reaches the PRZ which it did some time ago, I will watch for my next level of confluence which is the price pattern I've noticed occurs a high % of the time at tops and bottoms of reversal areas. I will look for this pattern ranging from the 5Min - the pattern timeframe, this case the 4HR. Highlighted on the 30Min is the pattern I look for, I also like to see RMI at an extended level when this formation occurs. Now we have another level of confluence.

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4. Once the formation I look for occurs I will attach the IRUTM and check the 15Min to see what it's telling me. In this case it has not one but three purple dots indicating rejection and possibility of a reversal at this very level. Now I have four levels of confluence across a multitude of timeframes, all my entry criteria is met and I am more than confident going short. Not to mention what I stated in my last post about USDJPY potentially having a push back up before going short.

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  • #2,858
  • Jun 11, 2019 2:38pm Jun 11, 2019 2:38pm
Quoting YoungET
{quote} A perfect example here of an entry I shall take on the EURUSD; here's a walkthrough of what I'm looking for. 1. Using the TMA I judge the direction of price on a higher time frame, so on the Weekly it's overall bearish. I then attach Lopez trend which shows a good degree of where trend pullbacks can occur. So what you see is weekly TMA telling you it's overall bearish, then Lopez is saying that it's hitting the outer band, which in terms means price is turning bullish. But hang on, if the market on the weekly is overall bearish to a strong...
@YoungET -- great analysis -- thanks.

I zoomed-in on your last chart and took a closer look using @Nih98's FX RSI momentum indicator. It looks to me like it would have filtered-out the first 2 purple dots and confirmed the 3rd one.
  • #2,859
  • Jun 11, 2019 2:41pm Jun 11, 2019 2:41pm
EUR/USD did well on that last bearish sign @robots4me, Just created this account to thank you, I'll keep testing all pairs and updating.
  • #2,860
  • Jun 11, 2019 2:47pm Jun 11, 2019 2:47pm
Quoting robots4me
{quote} @YoungET -- great analysis -- thanks. I zoomed-in on your last chart and took a closer look using @Nih98's FX RSI momentum indicator. It looks to me like it would have filtered-out the first 2 purple dots and confirmed the 3rd one.
That's very interesting considering the third dot lines up to the very pip with my entry formation I have shown above. You're currently in the process of coding the FX RSI into the codes entry requirement aren't you?
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