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Price action at the core / tma intra day

  • #4,581
  • Edited 10:38pm Jun 18, 2019 7:13pm | Edited 10:38pm
goooooood aussie morning to all of the wonderful peeps ,,,

we have now established one of the most amazing projects that exists for the benefit of ,,,,
allllll of the serious traders to call home ,,,
a place where they rightfully belong ,,,,
a place to establish real ,, and solid foundation for their trading journey ,,,
one one will deny any of you this privilege ,,,
george's aim is for everyone to enjoy a relaxed ,, and and enjoyable environment ,,,
none of us need trash coming in to spoil the fun every is having with their success ,,, so
it left me no option but ,,
to put together this message for all of the ignorants out there .. That ...
want to try to throw some poison in ,,,,

MY SUGGESTION TO ALL MEMBERS ,,,
IN REPLY TO ANY QUESTIONS FROM LAZY TRADERS ,,,
PEOPLE WHO ARE HRE TO SUCK INFORMATION FOR OTHER PURPOSES ,,, AND ,,,
ANY NEGATIVE TRASH ! ! !

please remember this post number ,,,
anyone asking any question that is coming from ,,,,
a lazy background ,,,
sarcastic background ,,,
knocking or mocking background ,,,
degrading background ,,,,
please members ,,,
do not lower yourselves to their standards ,,,
just direct them to this post ! ! ! !


would like to add this for all of the visitors ,,,
especially the ones that have been regulars lately ,,,,
ALL MEMBERS ARE AWAKE TO YOUR GAMES ,,,
GEORGE IS AWAKE TO YOUR GAMES ! ! ! !

this project is not for spoon feeding ,,, so,,,
this project is not for lazy sods like ,, you ,,,,,
this project is not for useless indicator ,,, and ea junkies ,,,
this project is not for suckers of knowledge to serve other purposes ,,,
this project is not ,,, for regular member ,,, to be your slaves ,,,, to ,,,
your laziness ,, and ignorance ! ! ! !

please understand the following ,,,
this amazing project does not have a trading system ,, that is ,,,
written on the back of a cardboard drink coaster ,, that is ,,
used when sitting at the pub with any of the members here ,,,,
this is a project that is based on the ,,,
deep and comprehensive understanding of the psychology applied by ,,
the market maker to price action ! ! ! !

this project is for the few people who would like to ,,,,,
master the art of trading ! ! ! !

this project is not for you to ask questions ,,, before ,,,
you lose your sick ego ,,,,
male the unconditional commitment to want to succeed ,,,,
make the unconditional commitment to want to learn ,,,,
you get ur fat backside together ,,,, and ,,
roll your sleeves ,,, sit down ,,, study ,, and not speed read ,,,,

do not ask questions of any members until the following ,,,
you have read through this amazing project 2 to 3 times ,,,
then master your chart reading as per post 2407 ,,, which will ,,
take you approximately 6 months after putting in the screen time ,,,,
then if you do not understand it ,,,
do it all over again ,, because ,,,
no one can make you see things if you have not been able to see them ,,,,

no one is asking you to follow what is shared here ,,,
no one has forced you to come and read what is shared here ,,,
so whatever useless smart trash comments you have to express,,,
keep it to yourself ,,,
pack your char on your way out ,,,
and go join the many of the public forum trading prostitutes out there ! ! ! ! !

cheers
George

P.S
YES GEORGE SOUNDS HARD IN THIS MESSAGE ,,,
HE IS LEFT WITH NO OTHER OPTION ! ! ! !
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #4,582
  • Jun 18, 2019 7:16pm Jun 18, 2019 7:16pm
as i went to post the post above ,,,
forex factory page was corrupted ,,,

i have been experiencing this lately ,,,

cheers
george

IT JUST HAPPENED AGAIN NOW ,,,
EVERYTHING IS IN LOWER CASE
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #4,583
  • Jun 18, 2019 8:04pm Jun 18, 2019 8:04pm
Quoting TopCover
{quote} “Stops Cleaned out” - those stops hadn’t been placed at the time of Moody’s assertion that going long was imminent - they formed LATER. Hence my point about a changed story. The post looks as though Moody was waiting for stops to be cleared when actually a deficient trade was already some hours in progress.....

Not that I have to justify myself to you but here is the target that I based my premise around.

The 3rd Jan 12:00am candle low was to far away taking into account the Daily range, not likely to get taken out at the time I posted the charts.

Candle Formed 3rd Jan 4:00am low 1.25402 was the target for me.

The spike candle had caught out a great many traders, wiping accounts, some would have got in after the event, placing their stops at or around the Low of the 4:00am candle.

The 4:00am candle low 1.25402 was the target I was looking for, clearly shown on the chart, purple line, and in conjunction of the break of heard mentality, green box. The stops were taken out below the green box but the real target for me clearly shown on the chart was 1.25402, price entering the TMA at or around 1.25402 not the green box. That is why we wait for confirmation.

The stops placed below the 3rd Jan 4:00am candle were taken out, as per George method, and price has now retraced as per George method and is sitting just short of +40 pips.
  • #4,585
  • Jun 18, 2019 8:26pm Jun 18, 2019 8:26pm
Quoting Robot Trader
{quote} It bounced of Support dated the 17th January 2016 a lot of traders will be watching this level
Which pair?
  • #4,586
  • Jun 18, 2019 8:32pm Jun 18, 2019 8:32pm
Quoting George AUS
as i went to post the post above ,,, forex factory page was corrupted ,,, i have been experiencing this lately ,,, cheers george IT JUST HAPPENED AGAIN NOW ,,, EVERYTHING IS IN LOWER CASE
hi family
thanks again George keep up the good work we are at 100% behind you
cheers
gilbert
  • #4,587
  • Jun 18, 2019 8:53pm Jun 18, 2019 8:53pm
Quoting Robot Trader
{quote} It bounced of Support dated the 17th January 2016 a lot of traders will be watching this level
I think you meant 17th Jan 2017 if referring to GU, price 500 + pips away but will keep an eye on it, cheers.
  • #4,588
  • Jun 18, 2019 8:56pm Jun 18, 2019 8:56pm
Quoting shh
Hi people, Could anyone enlighten me that when the exit price is not met, how they manage to get out? is there some stoploss order to protect against market moving against you guys? How does this work in practice in flash crashes, such as the Jan 2019 one?
hi
could you enlighten me how a Stop Loss order would have been saved you on a flash crash?
you may have a 50 pips SL, but in such event you are more than likely to find that your SL is filled at the next available price...and when the floor is out, and the market is literally in a free fall, that may mean 200-400 pips away from what you were thinking as "safe" or "reasonable" SL.

your only solution, flash crash or not flash crash, is to trade a relative small risk vs your account size...
ie. if your 50 pip SL is -1% of your equity...a 500 pips flash crash may result -10%...not good, but far from a 'game over'.

(lets not talk about the broker getting insolvent in the flash crash, or the different regulation at play if that happens).

happy trading!
Zoltan
there is always, always another trade!!
  • #4,589
  • Jun 18, 2019 9:17pm Jun 18, 2019 9:17pm
Risk management/money management at its finest synthesised in 1 sentence:

"your only solution, flash crash or not flash crash, is to trade a relative small risk vs your account size...
ie. if your 50 pip SL is -1% of your equity...a 500 pips flash crash may result -10%...not good, but far from a 'game over' "

if you do the math for the 3500pips on the EURCHF non sense, the 1% approach still keeps you in the game. It hurts but you're not dead.
  • #4,590
  • Jun 18, 2019 9:23pm Jun 18, 2019 9:23pm
Quoting profitfarmer
{quote} hi could you enlighten me how a Stop Loss order would have been saved you on a flash crash? you may have a 50 pips SL, but in such event you are more than likely to find that your SL is filled at the next available price...and when the floor is out, and the market is literally in a free fall, that may mean 200-400 pips away from what you were thinking as "safe" or "reasonable" SL. your only solution, flash crash or not flash crash, is to trade a relative small risk vs your account size... ie. if your 50 pip SL is -1% of your equity...a 500...
Hi Zoltan,

You have a very valid point. Not much can be done practically in a flash crash scenario, other than diversification. But diversifying into 15 pairs for isntance, where 4-5 of them have a JPY leg would mean 40-50% of the account value would tank, based on your risk model. Unless we reduce risk further down to 0.1% per trade or so. Is my assumption right or I am overestimating/ underestimating sth?

Regards,
Sasha
  • #4,591
  • Jun 18, 2019 9:26pm Jun 18, 2019 9:26pm
Quoting Nikt
Risk management/money management at its finest synthesised in 1 sentence: "your only solution, flash crash or not flash crash, is to trade a relative small risk vs your account size... ie. if your 50 pip SL is -1% of your equity...a 500 pips flash crash may result -10%...not good, but far from a 'game over' " if you do the math for the 3500pips on the EURCHF non sense, the 1% approach still keeps you in the game. It hurts but you're not dead.

Roughly speaking, how much of the yearly gain would evaporate in catastrophic scenarios? For example,for EUR/CHF peg crsh, would you say that 2 months of returns will vaporize?
  • #4,592
  • Jun 18, 2019 9:43pm Jun 18, 2019 9:43pm
Quoting shh
{quote} Roughly speaking, how much of the yearly gain would evaporate in catastrophic scenarios? For example,for EUR/CHF peg crsh, would you say that 2 months of returns will vaporize?
I don't have the crystal ball it depends on the crash and slippage. The worst I have seen is the EURCHF and fortunately I was not into forex at that time.

Do the math under a worst case scenario. If you're risking 1% on X pips then it takes a 100*X pips movement to wipe you out and beyond that remember you go negative.
My advice is awlays to prepare for the worst and avoid trading when the MM has a good excuse to whiplash (eg holidays, NFP, whatever rubbish comes out of Brexit).

Study money and risk management, set your goals and do some scenarios by applying the lot calculator formulas or using the lot calculators. Just understand what is going on.

That's why I say that Zoltan's example is so important.

cheers

D
  • #4,593
  • Jun 18, 2019 9:46pm Jun 18, 2019 9:46pm
Quoting shh
{quote} Hi Zoltan, You have a very valid point. Not much can be done practically in a flash crash scenario, other than diversification. But diversifying into 15 pairs for isntance, where 4-5 of them have a JPY leg would mean 40-50% of the account value would tank, based on your risk model. Unless we reduce risk further down to 0.1% per trade or so. Is my assumption right or I am overestimating/ underestimating sth? Regards, Sasha
hi Shasha,

in short, yes, you are overestimating something.
having 4-5 JPY trades open is not much a diversification. vs having 1 or 2 what you deem to be the best. it is only diversification IF you divide your same per trade risk to 4-5, then it is...5 pair with 0.2% risk each...
further, i used the 1-2% risk per trade as the common education example.
in real life trading, what is wrong if you risk 0.1% on a trade?
even if your outcome is a so called bad R:R, and only make 0.05% on a trade, if you have 5 of those trades a day....0.25% a day....5% a month.
would that be acceptable when per annum bank interest rates are 2%? or stock market long term returns around 9-10% ( and mind you, stocks do have 20+% dd as well in those long runs).

of course, goes without saying, that if one has 200$ account, then due the simple fact it is so small, and that the minimum position size is 0.01 lot...spread and commission say make up 1 pip ( a relative conservative number)...a 5x 0.01 lot entry would set back 50 cents without a pipette even against entry, for only the privilege to open it...
that an instant -0.25%...or quarter of your risking 1% on a trade idea.
so, as little as 4 pips, and then at -1%.
and what then?

but lets not discuss this one further, i think you see where i am getting at.

a 200$ acct, even with a single 0.01 lot trade will be margin called when 1000 pips down (-100$), and that only if the broker can honor even their own margin policy ( what in the case of EUR/CHF black swan, they could not, was an instant drop).

happy trading!
Zoltan
there is always, always another trade!!
  • #4,595
  • Edited 10:55pm Jun 18, 2019 10:26pm | Edited 10:55pm
Quoting pipfarm
{quote} @profit farmer, i agree there is more than one way to skin a cat but i would hate to get blood on my hands. @Djd , you missed the last leg, so that is 1500 pips v 960 assuming you can call the exact bottom and top, have not seen any real evidence of that here , only cheap talk.

To add to @Djd has mentioned, location marked with red box also a reversal trade following George theory (extreme price action shown in the red box, I 100% sure George and those who apply this theory in trading will make entries at that location)..not only they trading retracement/pullback of a trend , they also get the best seat in a major so called trend.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 55 KB

If we going to add total pip in the chart above it should be 1500 pips vs (1500+960) = 2460 pips.

Trend trading or reversal trading?

FiT

edit:re-attach photo
Close Trade At Profit
  • #4,596
  • Jun 18, 2019 10:43pm Jun 18, 2019 10:43pm
Quoting Viktory
{quote} {quote} @Zoltan, Well, I think it’s clear that this isn’t the right place for me, because as you can see, for some reason the Thread OP is automatically disliking/hiding all my post, just for thinking outside his box and questioning things after first taking them with a grain of salt. And man, even you deleted your latest replay to me (I noticed it cause I was about to continue with our conversation). Why? George?… Look, I don’t want to sound “rude”, but it's obvious/evident that the reason for this is that I’m not just another one of his...
Victor,
you may notice i have deleted all my posts from yesterday night.
not bcos George, only to keep the thread less cluttered.
if anything, i have a PM. feel free to use.
happy trading!
Zoltan
there is always, always another trade!!
  • #4,597
  • Jun 18, 2019 11:12pm Jun 18, 2019 11:12pm
Quoting Viktory
{quote} {quote} @Zoltan, for some reason the Thread OP is automatically disliking/hiding all my post, just for thinking outside his box and questioning things after first taking them with a grain of salt. And man, even you deleted your latest replay to me (I noticed it cause I was about to continue with our conversation). Why? George?… , Víctor

Hello Victor ,,
I will give u the privilege of a reply to yourself ,,,
Please read this post of mine ,,,,
https://www.forexfactory.com/showthr...7#post12337207

George does NOT ,, and ,, WILL NOT justify any reasoning to anyone ,,,
WHY ???
Because George has the right to do so
George sensed some knocking of what is being shared here ,,,
george made it very clear ,, he is NOT interested in other opinions ,,
George does NOT want to hear them OR see them here ,,,
You are more than welcome to think OUTSIDE GEORGE's BOX ,,,
PLEASE ,,, GO AND PRACTICE that behaviour IN YOUR OWN THREAD ! ! !

if you wish to follow with what is being shared here ,,,
Please feel Free to do so ,,,,

Cheers
George
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #4,600
  • Jun 19, 2019 12:41am Jun 19, 2019 12:41am
Quoting Robot Trader
{quote} Sorry my BAD I was referring to the bounce on AUDUSD 0.6840 wrong pair
No probs. Will take a look later.
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