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
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