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

The Volume Detective 411 replies

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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

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  • Post #3,161
  • Quote
  • Edited at 10:58am Jun 17, 2019 10:43am | Edited at 10:58am
  •  skyway
  • Joined Sep 2013 | Status: Member | 1,209 Posts
Quoting Robot Trader
Disliked
{quote} MA's and a bit of imagination are all you need to follow the money in any market
Ignored
Exactly, I suspected you have to be another MA trader, Parisboy in this group too. I work with 3MAs on my phone chart. We are the lazy 40,000 hrs MA traders.

Quoting parisboy
Disliked
{quote} let's be clear on this point, I 100 % agree with "George" most of readers are lazy traders, willing to be spoonfed , asking for EA's (have you an EA for this ?) , jumping often from one method (EA) to another one in a de facto search for the "best" one. Fact is that 99,99 % of traders do not know really the indicators they use, how they works and above all WHAT ARE THEIR LIMITS it is a general characteristic on forums nobody talks about indicators limits , no books explain seriously the limits of the method they promote. Everybody seems...
Ignored
You wrote my mind.

He who truly seek to learn let him read this awesome post and the next one. Took me 40,000 lazy hrs to learn this. Key word is calibration.

Ps Too many "likes" to click on the many awesome posts above. So one huge for all your posts.
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  • Post #3,162
  • Quote
  • Jun 17, 2019 10:57am Jun 17, 2019 10:57am
  •  parisboy
  • Joined Oct 2017 | Status: Member | 5,044 Posts | Online Now
Quoting Robot Trader
Disliked
{quote} Hi PB, I have always had problems trading reversals, hence why I am hoping this thread will bring some new and better ways of doing this. For me it seems much better to follow the money, on the attached chart how many reversals are worth trading. Are there more Red or Green candles in relation to pip count. What would you rather trade Red or Green candles. Using MA's with reference points and distances in pips between MA's and PA there is a way of trading the majority of the Red candles and filtering out the Green. Regards RT {image}
Ignored
RT, I am a Lazy Trader then according to your chart

a) I open a short position (because Price Action is UNDER your MA's)
b) I stay short sipping my preferred cocktails
c) I do not trade counter-trends moves, because most of the time I am too lazy to move my ass when Price Action is counter-trending

more precisely it depends of :

- the Amplitude of the Envelope I trade
- the strength (slope) of the Underlying Trend

your strategy is one of the oldest used existing already when (because) handcharting was common

As I saw your Chart, it immediately remembered me the book of Cliff DROKE on Moving Averages.

From memory he used MA's 18 and 40. He did not explain why. But everybody is in love with specific parameters
Attached Image
Attached File
File Type: pdf MOVING AVERAGES CLIFF DROKE.pdf   5.2 MB | 799 downloads
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  • Post #3,163
  • Quote
  • Jun 17, 2019 11:05am Jun 17, 2019 11:05am
  •  skyway
  • Joined Sep 2013 | Status: Member | 1,209 Posts
Quoting parisboy
Disliked
{quote}...... c) I do not trade counter-trends moves, because I am too lazy to move my ass
Ignored
That's where Boy George comes in with his herd mentality, targets, targets, targets, TMA pressure zone, and MM manipulation narrative, all that done for us milk sucking lazy ignorant amateurs.
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  • Post #3,164
  • Quote
  • Edited at 12:12pm Jun 17, 2019 11:56am | Edited at 12:12pm
  •  skyway
  • Joined Sep 2013 | Status: Member | 1,209 Posts
I just took a look at the other thread. Shake my head. Now we have the evidence to understand why the losers pool is so large. If you can't see it and call it out, you are the herd.

Stop for a moment, think for a second what all those charts over there tell you. Be honest to yourself. You either get it or you never will.

The guys on here have generously written about it in clear language with chart examples. Just read. And use your brain, connect the dots.
If you truly don't get it, trading is not for you. Harsh truth.

Learn the basics. Start with this video.
https://www.youtube.com/watch?v=5ndFA44gZkQ
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  • Post #3,165
  • Quote
  • Jun 17, 2019 12:19pm Jun 17, 2019 12:19pm
  •  robots4me
  • Joined Dec 2017 | Status: Member | 3,932 Posts
Quoting Robot Trader
Disliked
{quote} Hi PB, I have always had problems trading reversals, hence why I am hoping this thread will bring some new and better ways of doing this. For me it seems much better to follow the money, on the attached chart how many reversals are worth trading. Are there more Red or Green candles in relation to pip count. What would you rather trade Red or Green candles. Using MA's with reference points and distances in pips between MA's and PA there is a way of trading the majority of the Red candles and filtering out the Green. Regards RT {image}
Ignored
@Robot Trader -- the M1 TMA is your friend. When the price pokes its head above / below the M1 TMA then that is a candidate signal.
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  • Post #3,166
  • Quote
  • Jun 17, 2019 12:32pm Jun 17, 2019 12:32pm
  •  robots4me
  • Joined Dec 2017 | Status: Member | 3,932 Posts
Quoting parisboy
Disliked
{quote} RT, I am a Lazy Trader then according to your chart a) I open a short position (because Price Action is UNDER your MA's) b) I stay short sipping my preferred cocktails c) I do not trade counter-trends moves, because most of the time I am too lazy to move my ass when Price Action is counter-trending more precisely it depends of : - the Amplitude of the Envelope I trade - the strength (slope) of the Underlying Trend your strategy is one of the oldest used existing already when (because) handcharting was common As I saw your Chart, it immediately...
Ignored
@parisboy and other MA lovers -- try overlaying the MM-M1-TMA.ex4 indicator and tell me what you see. I don't disagree with your use of MAs -- after all, TMA is another flavor -- just that your crossings are no better / worse at anticipating a reversal than price breaking above / below the TMA. But my M1 TMA does have @George's stamp of approval -- 20 years and 10000 hours of deep, deep study. And if it's good enough for @George then it is good enough for me.

If you aren't interested in trading reversals then this is the wrong thread.
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  • Post #3,167
  • Quote
  • Jun 17, 2019 12:50pm Jun 17, 2019 12:50pm
  •  robots4me
  • Joined Dec 2017 | Status: Member | 3,932 Posts
Quoting skyway
Disliked
I just took a look at the other thread. Shake my head. Now we have the evidence to understand why the losers pool is so large. If you can't see it and call it out, you are the herd. Stop for a moment, think for a second what all those charts over there tell you. Be honest to yourself. You either get it or you never will. The guys on here have generously written about it in clear language with chart examples. Just read. And use your brain, connect the dots. If you truly don't get it, trading is not for you. Harsh truth. Learn the basics. Start with...
Ignored
@skyway -- excellent video. Thanks for posting.
  • Post #3,168
  • Quote
  • Jun 17, 2019 12:57pm Jun 17, 2019 12:57pm
  •  skyway
  • Joined Sep 2013 | Status: Member | 1,209 Posts
Quoting YoungET
Disliked
{quote}Over the years now I've come to the conclusion that the only way to make reversals work is to have the overall picture of price on your side. That's my two cents.
Ignored
That's what we learn from the school of hard knocks.

Out and out contrarian reversal is a challenging kettle of fish that hopefully r4m efforts together with the contributions from the rest can help break new frontiers.
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  • Post #3,169
  • Quote
  • Jun 17, 2019 12:59pm Jun 17, 2019 12:59pm
  •  robots4me
  • Joined Dec 2017 | Status: Member | 3,932 Posts
@parisboy, @Robot Trader, all MA lovers...

Yes -- I'm on board. MAs are great. And, every strategy -- again, every strategy -- has these two basic steps:
1. identify candidate signals
2. filter signals (to distinguish true signals from false positives)

An algorithmic robot uses coded rules to explicitly implement these two steps. A human robot uses its brain to implicitly implement these steps -- either knowingly or unknowingly.

Here -- lets do the "napkin" test. Using @parisboy's post #3162 above (or any other one of his posts where he describes a trading strategy), write down on a napkin the explicit rules you would need to follow in order to place a BUY or SELL trade.

Okay, I'll do the same. Here is what my napkin says:
1. Draw 2 lines.
2. When price jumps above upper line then press SELL button.
3. When price jumps below lower line then press BUY button.
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  • Post #3,170
  • Quote
  • Jun 17, 2019 1:31pm Jun 17, 2019 1:31pm
  •  parisboy
  • Joined Oct 2017 | Status: Member | 5,044 Posts | Online Now
Quoting robots4me
Disliked
@parisboy, @Robot Trader, all MA lovers... Yes -- I'm on board. MAs are great. And, every strategy -- again, every strategy -- has these two basic steps: 1. identify candidate signals 2. filter signals (to distinguish true signals from false positives) An algorithmic robot uses coded rules to explicitly implement these two steps. A human robot uses its brain to implicitly implement these steps -- either knowingly or unknowingly. Here -- lets do the "napkin" test. Using @parisboy's post #3162 above (or any other one of his posts where he describes...
Ignored
@Robots4me very simplistic but true

true for every trading strategy - after condition(s) XYZ at point Z sell or buy

George could have written it !
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  • Post #3,171
  • Quote
  • Jun 17, 2019 1:33pm Jun 17, 2019 1:33pm
  •  robots4me
  • Joined Dec 2017 | Status: Member | 3,932 Posts
Quoting parisboy
Disliked
{quote} @Robots4me very simplistic but true true for every trading strategy - after condition(s) XYZ at point Z sell or buy George could have written it !
Ignored
Quote
Disliked
George could have written it !
@parisboy -- I learned from the best!!
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  • Post #3,172
  • Quote
  • Jun 17, 2019 2:02pm Jun 17, 2019 2:02pm
  •  parisboy
  • Joined Oct 2017 | Status: Member | 5,044 Posts | Online Now
Me too !
Attached Images (click to enlarge)
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Size: 982 KB Click to Enlarge

Name: CANDIDATE TOP.png
Size: 1.0 MB
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  • Post #3,173
  • Quote
  • Jun 17, 2019 2:29pm Jun 17, 2019 2:29pm
  •  robots4me
  • Joined Dec 2017 | Status: Member | 3,932 Posts
Quoting parisboy
Disliked
Me too ! {image} {image}
Ignored
@parisboy -- I'm embarrassed to ask. Could you post the SMA settings you used with these charts. I'd like to see where the MA crossings occur in relation to M1 TMA spikes. I see the MMC settings in the legend at the top, but those aren't periods, are they?
  • Post #3,174
  • Quote
  • Edited at 3:11pm Jun 17, 2019 2:45pm | Edited at 3:11pm
  •  parisboy
  • Joined Oct 2017 | Status: Member | 5,044 Posts | Online Now
Quoting robots4me
Disliked
{quote} @parisboy -- I'm embarrassed to ask. Could you post the SMA settings you used with these charts. I'd like to see where the MA crossings occur in relation to M1 TMA spikes. I see the MMC settings in the legend at the top, but those aren't periods, are they?
Ignored
4 Centered Moving Averages are used : Data are Daily

CMA 192 = 9 Months = 192 days
CMA 384 = 18 Months
CMA 768 = 3 Years
CMA 1536 = 6 Years

1 Year = 256 Trading Days
1 Quarter = 3 months = 13 weeks = 64 Trading Days
  • Post #3,175
  • Quote
  • Jun 17, 2019 3:10pm Jun 17, 2019 3:10pm
  •  Nih98
  • Joined Dec 2018 | Status: Member | 391 Posts
Not every MAs create equal..

Attached Image (click to enlarge)
Click to Enlarge

Name: Screenshot1.png
Size: 166 KB


Just for example
My Money Machine, No PM, not for sale, not for share but achievable with common sense.

Happy Trading and Keep Smiling
NIH
Dog + Smile = Beautiful Day
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  • Post #3,176
  • Quote
  • Jun 17, 2019 3:23pm Jun 17, 2019 3:23pm
  •  parisboy
  • Joined Oct 2017 | Status: Member | 5,044 Posts | Online Now
Attached Image (click to enlarge)
Click to Enlarge

Name: EURUSD CENTERED MOVING AVERAGES.png
Size: 3.4 MB
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  • Post #3,177
  • Quote
  • Jun 17, 2019 3:26pm Jun 17, 2019 3:26pm
  •  TopCover
  • | Joined Jul 2010 | Status: Member | 239 Posts
A nice rounded saucer MA is indeed powerful...
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  • Post #3,178
  • Quote
  • Jun 17, 2019 5:24pm Jun 17, 2019 5:24pm
  •  robots4me
  • Joined Dec 2017 | Status: Member | 3,932 Posts
Quoting parisboy
Disliked
{image}
Ignored
@parisboy -- thank you. I'm currently looking into this.
  • Post #3,179
  • Quote
  • Jun 17, 2019 7:14pm Jun 17, 2019 7:14pm
  •  mixedbags
  • Joined Apr 2019 | Status: Member | 327 Posts
Quoting Nih98
Disliked
Not every MAs create equal.. {image} Just for example My Money Machine, No PM, not for sale, not for share but achievable with common sense. Happy Trading and Keep Smiling NIH
Ignored
Interesting.

Attached Image (click to enlarge)
Click to Enlarge

Name: oS0Oggi.png
Size: 53 KB
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  • Post #3,180
  • Quote
  • Jun 17, 2019 7:21pm Jun 17, 2019 7:21pm
  •  skyway
  • Joined Sep 2013 | Status: Member | 1,209 Posts
Follow this trade till completion. Use a logical unbiased mind as the market unfolds before you. There's much to learn from this.
https://www.forexfactory.com/showthread.php?p=12334178#post12334178

Thanks moodybot for the trade call, appreciate it.
1
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