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Price action at the core / tma intra day

  • #4,341
  • Edited 1:35am Jun 16, 2019 12:24am | Edited 1:35am
Hi George,

I was introduced to Forex by a friend who has been trading for several years and I must say I have not been able to get away from it ever since, very consuming. I have had the time for the past 6 months to put in a lot of study time and chart study time day and night. I came across your amazing thread about a week ago and it really caught my attention. I have been studying your thread slowly and on page 50. It is absolutley fantastic that you are sharing some of your vast knowledge on the markets with us George I cant thank you enough. Thank you so much to you and Djamal for the podcast and I look forward to future ones.

I think I am starting to get the hang of your methods and the psychology the MM plays on the market to get the herd to react and follow. On the 4H chart below we have the herd mentality with the tops marked in red coming down and the bottoms marked in blue. I know there is more involved with entries with the 1 min and the TMA but I would excpect the MM to take price down to take out all the stops for the long orders beneath the lows marked in blue and then take price up to take out the stops for all the short orders above the highs marked in red. Am I reading this chart correctly or getting the right idea?

Thank you again George, Cheers!
Chris

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  • #4,342
  • Jun 16, 2019 12:34am Jun 16, 2019 12:34am
Quoting VEEFX
Perhaps for average lotsize traders it may not matter much but with 10lot+position size, SL will make a dent to atleast some trading statistics measures important to the growth of equity.
hi Vee,

just a thought, if i may.
you may get this one upside down. and you are the majority.
2 scenarios exist:
A. lot size doesnt matter, as long as the per trade/group of entries risk represents the same % of the account.
B. the larger you trade/more income you produce, the less important it becomes to keep the same % return goals. the reason, that your base living expenses generally, by large, stay similar, indifferent to your equity after a point ( sort of could name it the point of no return, where you make more than you need, and that keeps propelling you forward).

the way i see,
that if someone doesnt come from money, for start, then point A will force on the trader an increasingly harder emotional burden. hard to look at the account only in % terms, and once the $$$ amount start to be large, meaningful, risking the same amount that used to represent a car, a house, etc...wont come naturally, and at ease, to most.

what point B has, however, is a built in disadvantage at small equity size, -if the base living expenses are near a constant; and they are- bcos of course using a 10k account to produce a constant 5k a month ( take this as the base expenses, for the example) is a very challenging task.
on the other hand having 200k, and the ability to place the 10lot+ size you say, it will be still a relative easy task to produce even 6-7k, and thus the impact of a SL would be a lot less emotionally or financially, while trying to meet and exceed those base expenses each month.

naturally, point A and point B collude some place, and drawing up a suitable trading plan both need to be addressed.
borrowing the phrase from you "It's okay to like or dislike my posts",
it is nothing just some thoughts how trading for a living actually compares to the mentality to the hobby trading approach of constant risk% of account, etc.

happy weekend!
Zoltan

PS.
on a completely separate note;
George, great start with the podcast! Well done sir!
there is always, always another trade!!
  • #4,343
  • Jun 16, 2019 1:56am Jun 16, 2019 1:56am
Quoting profitfarmer
{quote} hi Vee, just a thought, if i may. you may get this one upside down. and you are the majority. 2 scenarios exist: A. lot size doesnt matter, as long as the per trade/group of entries risk represents the same % of the account. B. the larger you trade/more income you produce, the less important it becomes to keep the same % return goals. the reason, that your base living expenses generally, by large, stay similar, indifferent to your equity after a point ( sort of could name it the point of no return, where you make more than you need, and...
Thanks. Allow me to conclude this discussion by saying....Market Makers don't give a flying F*ck about account capital or trading for a living or what MM you use or what our base living expenses is. If SL i.e. resting orders is the sole vehicle to create these herd mentality zones, using SL with entries makes no sense to me unles you have the actual data on oder flow information like DJ to navigate your trade into profitability via whatever technique is chosen. Lotsize matters in the eyes of MM (or their algos). They may not care of an SL of microlot compared to a 20 pip SL on 10lot trade.
In my own journey trading during news (highly manipulative zone I know), spreading risk of 10lot across 10 pairs versus a single trade on a single pair makes a huge difference (at least to my aggressive stacking style). There is a place and time for being a sniper and to be a Rambo style trader.

Edit: I would be very interested in seeing some live trade techniques from US based traders using a FIFO and NonHedging account at these Target levels. All my past attempts at being a sniper have failed for Precision entries with Hard SL for lotsize of 3-5 standard.
Staying in my lane...
  • #4,344
  • Jun 16, 2019 2:43am Jun 16, 2019 2:43am
Quoting moodybot
{quote} Hi RT Could it be possible that there is no money to follow? The real money comes from traders, banks, institutions, in their various forms, placing stops at differing levels. The algo has conveniently preset the levels in advance ready for collection. The only money within the market is where the stops are placed, and that is the target of the Market Makers Algorithm. Following the money should be reworded as..... placing our stops highlighted by the Algorithm...and 95% of people do this. I have never been able to to get an EA to run consistently...
Hi MB

I have attached 2 charts which I have marked up just for you (and because sharing is caring) showing money on the move, they also show how it is possible to follow the money, the market will always make higher highs and lower lows, you show me a chart over a 1 week period that is not doing this and I will show you a TF where even in a Ranging market PA is still making higher highs and lower lows.

You have never been able to do it because you have not studied how PA is moving on every TF, you will have built your strategy/EA on just one TF and that does not work.
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Some people say I'm lucky, but the more I practice the luckier I get
  • #4,345
  • Jun 16, 2019 2:49am Jun 16, 2019 2:49am
thank you George and Jamal for putting this together:"Everything is possible!"

The journey continues

Cheers

D
  • #4,346
  • Edited 3:27am Jun 16, 2019 3:02am | Edited 3:27am
Quoting George AUS
{quote} Hello Mr R ,,, That is great news for you sir ,,, You just stated that you have got it worked out fully manually trading it ,,, SO ,,, If that is the case ,,,, why dont you do what George has done ,,,, AUTOMATE manual strategy into an EA like George has done ! ! ! ! How simple is that ?????? George has invited you to sit with him ,,,, BUT ,,, like the many ,,,, You have never made the effort ,,, Cheers George
Hi George,

I already have an EA that makes money following the money.

Yes I am still looking to improve my reversal EA because it will NOT give me constant profit.

George I like Perth and lived their for a year back in the 80's just after the Scarborough Beach Hotel was built and lived in Balcatta, at that time that was the end of the Freeway.

For me money is not a problem, if my time spent with you could give me an Edge over and above what I already know, I would jump on a plane and stay in the nearest Hotel to you and sit with you until what you have to share is totally understood, I would not mess around.

I do not engage because I am skeptical and I do not want to be Rude to you, maybe your series of Pod Casts will bring me around we will wait and see.

All the best from the best Climate in Australia, I will let you guess where

Regards

RT
Some people say I'm lucky, but the more I practice the luckier I get
  • #4,347
  • Jun 16, 2019 3:34am Jun 16, 2019 3:34am
Quoting Robot Trader
{quote} Hi George, I already have an EA that makes money following the money. Yes I am still looking to improve my reversal EA because it will NOT give me constant profit. George I like Perth and lived their for a year back in the 80's just after the Scarborough Beach Hotel was built and lived in Balcatta, at that time that was the end of the Freeway. For me money is not a problem, if my time spent with you could give me an Edge over and above what I already know, I would jump on a plain and stay in the nearest Hotel to you and sit with you until...
Howdy Mr R ,,,,

I am very happy to hear the positive tone in ur words ,,,
That is what I always look for in people ,,
I have been around too long in this game and life ,,,
To have to put up with nonsense as u can appreciate ,,,,

Yes absolutely ,, Perth has the best climate in Australia ,,,,
Due to the mediterranean style weather it has ,,,,

I am always happy to help Genuine people ,,, BUT ,,,
My proprietary material ,,,
WILL ALWAYS REMAIN GEORGE'S PRIVATE PROPERTY ,,,,
As George has learnt lately some very very valuable lessons ,,,,

I can always add suggestions and ideas ,,, to anyone's work ,,
Without having to disclose my private knowledge in detail ,,,,

Cheers
George

P.S
I have alot to add and comment on ur post to Andy ,,,
BUT ,, I will refrain ,,,,
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #4,348
  • Jun 16, 2019 3:49am Jun 16, 2019 3:49am
Quoting George AUS
{quote} Howdy Mr R ,,,, I am very happy to hear the positive tone in ur words ,,, That is what I always look for in people ,, I have been around too long in this game and life ,,, To have to put up with nonsense as u can appreciate ,,,, Yes absolutely ,, Perth has the best climate in Australia ,,,, Due to the mediterranean style weather it has ,,,, I am always happy to help Genuine people ,,, BUT ,,, My proprietary material ,,, WILL ALWAYS REMAIN GEORGE'S PRIVATE PROPERTY ,,,, As George...
Hi George,

Unfortunately Perth is not the best Climate in Australia, you have the Fremantle Doctor and not enough rain, it was 26 today where I live and less than 20 in Perth which does not make the best Winters day.

Also having to do the Australian Salute. when you do not have to is a big bonus.

Regards

RT
Some people say I'm lucky, but the more I practice the luckier I get
  • #4,349
  • Jun 16, 2019 4:01am Jun 16, 2019 4:01am
Quoting Robot Trader
{quote} Hi George, I already have an EA that makes money following the money. Yes I am still looking to improve my reversal EA because it will NOT give me constant profit. George I like Perth and lived their for a year back in the 80's just after the Scarborough Beach Hotel was built and lived in Balcatta, at that time that was the end of the Freeway. For me money is not a problem, if my time spent with you could give me an Edge over and above what I already know, I would jump on a plane and stay in the nearest Hotel to you and sit with you until...
Hi RT,

I have to agree with you. Perth is not the best climate in Australia!! Watch George give me a lambasting the next time he posts for that comment.

Although, I have to admit it is an amazing place to watch the sunset over the Indian Ocean while enjoying a cold beverage is something I only discovered on my recent trip over there.

I certainly am no one to listen too as I'm the beginner's beginner in the FX world. But I humbly urge you to connect with George and sincerely allow your own trading to go to the next level based on what you already are able to do.

All the best RT.

Cheers
Anthony
Empty your mind and let the market guide you
  • #4,350
  • Jun 16, 2019 4:17am Jun 16, 2019 4:17am
Good afternoon George !!! I took into account all your wishes and will not be distracted from the topic! I just figured out how to install TMA on my Mac, I found your settings post 448, I can not find your indicator itself .... reset the link where to look! Or can someone help me, so as not to distract the Master once again?
Thank you all
Сheers Michael
  • #4,351
  • Jun 16, 2019 4:30am Jun 16, 2019 4:30am
Quoting mik2012
Good afternoon George !!! I took into account all your wishes and will not be distracted from the topic! I just figured out how to install TMA on my Mac, I found your settings post 448, I can not find your indicator itself .... reset the link where to look! Or can someone help me, so as not to distract the Master once again? Thank you all Сheers Michael
Post #4

https://www.forexfactory.com/showthr...2#post11925352
  • #4,352
  • Jun 16, 2019 4:34am Jun 16, 2019 4:34am
Quoting mik2012
Good afternoon George !!! I took into account all your wishes and will not be distracted from the topic! I just figured out how to install TMA on my Mac, I found your settings post 448, I can not find your indicator itself .... reset the link where to look! Or can someone help me, so as not to distract the Master once again? Thank you all Сheers Michael

Thanku Michael ,,,
YOU ,,, are a gentleman sir ,,,
Here is the Link below with the compliments of our amazing member Aaven ,,

Cheers
George
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #4,353
  • Jun 16, 2019 4:37am Jun 16, 2019 4:37am
Quoting SunnyCoast
{quote} Hi RT, I have to agree with you. Perth is not the best climate in Australia!! Watch George give me a lambasting the next time he posts for that comment. Although, I have to admit it is an amazing place to watch the sunset over the Indian Ocean while enjoying a cold beverage is something I only discovered on my recent trip over there. I certainly am no one to listen too as I'm the beginner's beginner in the FX world. But I humbly urge you to connect with George and sincerely allow your own trading to go to the next level...

Hey listen you and Mr RT ,,,, You BIG dreamers ,,,
Atleast we dont get much rain in summer ,,,
Enjoying a weather that is ,,,,,
PERFECT ONE DAY ,,,, GLORIOUS THE NEXT ! ! ! !
Eat ur hearts out hahahahahahah

Cheers
George

P.S.
When u r within 3K of the water ,,,,
just step outside the front door on a summer's day ,,,,
That Fremantle Doctor ( Sea breeze ) is just amazing at ur door step ,,,
It is a Blessing in disguise ! ! !
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #4,354
  • Jun 16, 2019 4:49am Jun 16, 2019 4:49am
Hi George,

Enjoyed the podcast and looking forward to the next one. Its great to see professional traders discussing different aspects of trading, from money management to market manipulation and I would like to thank everybody involved on this thread for there time and professionalism. We all look at markets a little different, but the goal is the same. Good luck with your trading.

Have a great weekend.
Chris
  • #4,355
  • Jun 16, 2019 4:54am Jun 16, 2019 4:54am
Quoting Londonpip60
Hi George, Enjoyed the podcast and looking forward to the next one. Its great to see professional traders discussing different aspects of trading, from money management to market manipulation and I would like to thank everybody involved on this thread for there time and professionalism. We all look at markets a little different, but the goal is the same. Good luck with your trading. Have a great weekend. Chris

Pleasure and Duty Chris ,,,

I have NOT spoken about anything yet ,,,
As from the next one ,,,,
We will be going into dedicated topics ,,,,
ALL of whats on this project will be all explained in voice by myself ! ! !

Cheers
George
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #4,356
  • Jun 16, 2019 8:11am Jun 16, 2019 8:11am
Hi Guys,

just want to say thanks to George and MR D for the video over the weekend. I think there could be some good things coming.

Its great to get some background into them both. And after reading Fractal Freaks post it’s clear that what George is saying is very close to his thread also.

Is is this a coincidence, I think not.

Before I came into George’s post I was using very similar strategy using TMA bands but without the knowledge of the manipulation.

Now I have this knowledge I had been reviewing just a single pair in great detail. I’m happy to keep sharing this with you guys, which is all based on what George’s theory's are but with my own twist

something that should be done with all traders.

I have had had my own businesses i have failed in business and I have made it. Same goes for jobs.

So so what I don’t get is why people think they an come into trading and just know it. The main reasons people fail is because of there mind set. They have a set of rules to follow, then they lose, they then break the rules and then move to a new strategy.

it’s proven that most strategy’s can make you money over a longer period of time. The issue is some work at certain market conditions. There are many professional traders that trade the same way day in day out nothing fancy and they achieve consistency.

I know this for for a fact as I’ve been involved and I have friends that easily hit 10-20% returns monthly. I know people that trade with 6 figure accounts and I know 1/2 people that trade with a mil +. These people have made it in trading and a lot have learnt the hard way.

For or me I started as a plumbing, heating and ventilation engineer then went on to study computer science and got a masters in this. This took me 15 years plus to master. So why is trading any different?

Unfortunately there are many people that
trade a few hours a day in between jobs so when they are not committed neither do they believe in themselves. what are the chances they will make it?

For me 6 months ago I committed 100% to trading because for me I cannot and will not fail no matter what. I believe I will master this. I was luckily enough to start out to a good start and manage to get 10% return each month. But don’t get me wrong in the beginning I did lose a fair amount of money. But I did apply the correct risk settings and management which meant I didn’t blow my whole account.

My downside was I would lose then feel I had to trade to make up the loss and lose more forcing trades. Something I stopped very quickly but I accepted no one was to blame but me.

Having detailed stats and reports helped me find where I went wrong.

sorry for going off topic but I just wanted to point out after reading Both this post and the other it’s clear people are Helios vindictive and very rude to George and his family for no real reason.

The only reason i think they have acted this way is because of jealousy.

The bottom line is George is sharing a lifetime of work with you. Which is studied and followed will speed up the time of making it.

And no not everyone can make it in this game even with George’s help. Because for some they either haven’t got the commitment or they simply don’t have the correct mind set to achieve what is possible.

From what ive read people can be nasty on here and I find it shocking as would you really act that way I’m public? I’m 32 years old and some of you on here are much older and should no better.

Did you know George has had a heart attack’s and other health issues but yet he’s still so helpful and is very respectful.

Recently George has helped me a lot always responded to me and it’s such a shame he no longer can do Skye calls or live screen sharing as I feel I would have benefited massively from this.

But it now I see why it stopped.

Im hoping one day soon I can become part of George’s in Circle as he is a true inspiration. At no point has George wanted any financial gain from doing this and He is the most genuine person I have ever met.

Had I ha a father figure like George growing up then I’m sure my life would have been very different indeed. Growing up without one means you have to learn on your own.

I really hope George continues to help as many as possible and ignores all the negativity.

Yes George has his own TMA settings, yes George has his own methods and yes he has kept this information in his circle but can you blame him? People will use and abuse you and then disappear. But at the same time the answers are there for the most part.

Everything George has pointed out and Hinted should be examined in great detail as for the right minds I honestly do think it’s there. Examples are the 3 x sessions, time, swing highs and lows short term and long term, all the terms George has laid out,

why not collate all your own data, look at the ranges, look at the amount of stops taken out each day week month, where are the beards being set up, why false chart patterns are coming up? What false trend lines are coming up? When these big shooting move moves what band levels do they hit? Then based on the stats manually back test it, try to predict the targets George always talks about.

Study learn improve study learn improve.

Again in a massive thanks to George and the few that are part of this.

I hope I can continue taking with you and getting to know you George. Your tips and tricks so far have really helped me in ways I couldn’t imagine.

Really glad i came across you. Look forwards to your other podcasts.

Thanks again.
  • #4,357
  • Jun 16, 2019 2:02pm Jun 16, 2019 2:02pm
Quoting Daniel2775
Hi Guys, just want to say thanks to George and MR D for the video over the weekend. I think there could be some good things coming. Its great to get some background into them both. And after reading Fractal Freaks post it’s clear that what George is saying is very close to his thread also. Is is this a coincidence, I think not. Before I came into George’s post I was using very similar strategy using TMA bands but without the knowledge of the manipulation. Now I have this knowledge I had been reviewing just a single pair in great detail. I’m happy...

Great Post Daniel....

Stick around..lots to learn and I can tell from what you have written...You are well on your way.

With Georges help my trading success literally went thru the roof....I bring alot of experience to the table..
But When one is focused and determined like yourself... AND you are not one of these LAZY IGNORANT sods...
You can literally catapult yourself into a successful trader in a very short period of time I BELIEVE ...

Georges advice is ROCK SOLID ..and will no doubt provide you with a solid foundation to build success upon.

Dont listen to the naysayers and knockers... Many of us have seen the REALITY of GEorges trading...Many of us have
had our trading skills reach new heights...beyond what one can imagine....

So nice to see a younger person GET IT !!!!

Very inspiring Daniel...

Cheers
Kevin
Master your Mind,,,Master the Market
  • #4,358
  • Jun 16, 2019 2:29pm Jun 16, 2019 2:29pm
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  • #4,359
  • Jun 16, 2019 2:47pm Jun 16, 2019 2:47pm
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  • #4,360
  • Jun 16, 2019 2:58pm Jun 16, 2019 2:58pm
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