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Price action at the core / tma intra day

  • #4,681
  • Jun 20, 2019 5:29am Jun 20, 2019 5:29am
Hello friends,
Please, kindly correct me if I am wrong on this pair usdchf (daily).
thanks
Kingsley
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  • #4,682
  • Jun 20, 2019 5:51am Jun 20, 2019 5:51am
Please, kindly consider this pair too: usdjpy daily. Please, correct me if I am wrong Sirs.
Kingsley
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  • #4,683
  • Jun 20, 2019 5:52am Jun 20, 2019 5:52am
Quoting Isensefx
Hello friends, Please, kindly correct me if I am wrong on this pair usdchf (daily). thanks Kingsley{image}
this looks fairly good
perhaps add, the possibility of a new herd zone starting with the current low?

happy trading!
Zoltan

PS.
just a thought: for the market being fractal, and basically a chance to spot setups more frequently for the reason of gaining more practice,
you may consider searching on H1 or M15 timeframes ( vs the daily).
additionally to being able to spot and demo trade more setups, especially as a beginner, the larger pips move of a high/er time frame such as the Daily or the Weekly may cause to shy away from potentially good trades, or get blocked and end up with a larger pip drawdown....something that wont directly hurt on demo, but an experience that wont be a positive influence carried over to trade live.
this may not be the case with you, or many; just how i think about it.

Quoting Isensefx
Please, kindly consider this pair too: usdjpy daily. Please, correct me if I am wrong Sirs. Kingsley {image}
what indi do you use?
it should have the same, single center line shown...
there is always, always another trade!!
  • #4,684
  • Jun 20, 2019 7:18am Jun 20, 2019 7:18am
Quoting Isensefx
Please, kindly consider this pair too: usdjpy daily. Please, correct me if I am wrong Sirs. Kingsley {image}
Hello,
What are those GAPs on your chart? Do you mean, that there is only one directional bar at that price range? Did you consider lower time frames? I am sure those gaps would be different or none existant.
Shmandi
  • #4,685
  • Jun 20, 2019 8:16am Jun 20, 2019 8:16am
Sorry I haven't been more active on the thread of late. Been very busy.

Will do my best to join in soon.

Alot of great posts by George, Andy and Zoltan...

Cheers to All
Kevin
Markets are Mirrors,,Mastery of craft is mastery of self
  • #4,686
  • Jun 20, 2019 8:33am Jun 20, 2019 8:33am
Dear George! correct me please if i am wrong? It seems I managed to earn some money by your rules today) First time !
Cheers
Michael
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  • #4,687
  • Jun 20, 2019 9:33am Jun 20, 2019 9:33am
Dear friends!
I suggest to give George to give a week off from your questions! During this time, he will rest and new items will be able to catch up on lost questions by reading the topic and catching up with the rest !!!
Thanks George!
  • #4,688
  • Jun 20, 2019 12:35pm Jun 20, 2019 12:35pm
Quoting profitfarmer
{quote} hi Andy, EJ is looking good too, to be seen if it gets to my target zone or not...the TMA is there already, so very well might see an extra addition to this herd zone. if not complete this today, tomorrow maybe the higher target line comes into play. with the current ADR/pips on table already, it is not too likely to stretch that far. {image} of course, i dont have to say, this is not a trade call, just a sample that such areas arent that difficult to spot every day, and that applying some market common sense, can be used to take good probability...
See Andy,
sometimes we get lucky (re EJ trade call today)...but those times are rarely "discussed".
i got some money off UC too ( and left the bulk on the table).
got upset with myself for it, and went to cinema, to unwind with Toy Story 4 LOL.
even full time traders need to have a break!
this week is busy, so far every day is packed with action, and still a Friday to go!
but this volatility payed for the cinema tickets, so cant complain, can i?

happy trading!
Zoltan
there is always, always another trade!!
  • #4,689
  • Jun 20, 2019 1:33pm Jun 20, 2019 1:33pm
Quoting profitfarmer
{quote} hi Andy, EJ is looking good too, to be seen if it gets to my target zone or not...the TMA is there already, so very well might see an extra addition to this herd zone. if not complete this today, tomorrow maybe the higher target line comes into play. with the current ADR/pips on table already, it is not too likely to stretch that far. {image} of course, i dont have to say, this is not a trade call, just a sample that such areas arent that difficult to spot every day, and that applying some market common sense, can be used to take good probability...
That's a great post. If one goes through it, check the after event and learns nothing from it then one should spend more screen time and go through George's posts. The post clearly summarizes a lot about the targets theory. Certain things that left some questions have been clarified. Great Zoltan!
  • #4,690
  • Jun 20, 2019 2:31pm Jun 20, 2019 2:31pm
Quoting moodybot
{quote} Why do you post here? Yesterday you came here asking questions, which I answered, now you're back being facetious. George, do us all a favour and minimise, adds no value to the thread.
Good call
  • #4,691
  • Jun 20, 2019 2:39pm Jun 20, 2019 2:39pm
Another great Days trading today :-). Thanks to the project.

Personal goals hit hit all week. Just one more day to go and it’s a clean sweep.

Huge thanks to George :-). Couldn’t be doing it workout him and the tread.

Its all here. Plan your trades, set your targets. Watch for the herd set ups.

It happens on all time frames over and over again. You can trade off many time frames using what’s out in this project.

One thing to watch is the grinding pairs as sometimes they do drive into the TMAs hard. Manage risk and manage the trade correctly.

Safe trading is best.

Seeing some great posts here :-). Lots of active decent traders. Always do your top down analysis before all trades 1D, 4HR,1HR 15M. No matter what time frame you trade from doing this will really help oh get an understanding.

Remember the TMA Bands are not the key to this. The key is exactly what George has put in the post!

As as well as many others.

Hope you all all have a great Friday
  • #4,692
  • Jun 20, 2019 2:51pm Jun 20, 2019 2:51pm
Quoting Daniel2775
Another great Days trading today :-). Thanks to the project. Personal goals hit hit all week. Just one more day to go and it’s a clean sweep. Huge thanks to George :-). Couldn’t be doing it workout him and the tread. Its all here. Plan your trades, set your targets. Watch for the herd set ups. It happens on all time frames over and over again. You can trade off many time frames using what’s out in this project. One thing to watch is the grinding pairs as sometimes they do drive into the TMAs hard. Manage risk and manage the trade correctly. Safe...

Keep up the great work Daniel. Look FWD to chatting in Skype and going over some charts.... Maybe some love trades as well with George et al.....

Yes money mgmt is crucial...and I'm aware you have been shown Georges MM plan.... ..

Bulletproof to say the least...

You know what's great about this thread ??

Nothing at all has changed since the first post...

George's methods have not changed even the slightest...ZERO...
That says something !!!

Tried tested and TRUE..

PIP $$$ Machine done correctly. Just some.fodder for the lazy ignorant prostitutes tossing rocks lol...

Cheers
Kevin
Markets are Mirrors,,Mastery of craft is mastery of self
  • #4,693
  • Jun 20, 2019 2:56pm Jun 20, 2019 2:56pm
Quoting profitfarmer
{quote} See Andy, sometimes we get lucky (re EJ trade call today)...but those times are rarely "discussed". i got some money off UC too ( and left the bulk on the table). got upset with myself for it, and went to cinema, to unwind with Toy Story 4 LOL. even full time traders need to have a break! this week is busy, so far every day is packed with action, and still a Friday to go! but this volatility payed for the cinema tickets, so cant complain, can i? happy trading! Zoltan
Hey Zoltan

Why go to the cinema to see Toy Story......that can be found close to here.
2 grids formed, first time for ages on USDCAD..EA went into draw down as well.
First major excitement for a month.

I missed this on the USDCAD, a Gap from 1st March...I wondered why they were going for the grind.
They took it out by a few pips..
Shows the importance of looking left on the chart and marking the target areas....
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  • #4,694
  • Jun 20, 2019 2:58pm Jun 20, 2019 2:58pm
Quoting Daniel2775
Another great Days trading today :-). Thanks to the project. Personal goals hit hit all week. Just one more day to go and it’s a clean sweep. Huge thanks to George :-). Couldn’t be doing it workout him and the tread. Its all here. Plan your trades, set your targets. Watch for the herd set ups. It happens on all time frames over and over again. You can trade off many time frames using what’s out in this project. One thing to watch is the grinding pairs as sometimes they do drive into the TMAs hard. Manage risk and manage the trade correctly. Safe...

Well done Daniel.

Great chatting the other day.

Andy
  • #4,696
  • Jun 20, 2019 4:14pm Jun 20, 2019 4:14pm
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New Weekly High set on Thursday. Looking forward to Friday's trading.
Empty your mind and let the market guide you
  • #4,697
  • Jun 20, 2019 4:59pm Jun 20, 2019 4:59pm
Quoting TopCover
{quote} Bluesteele - can you elaborate on what these trades are? {quote} How much for this bolt-on? Does George know his MM plan is now out there.......? Could the inner circle be leaking.........? {quote} Even though George is now talking warmly and supportively about FIB extensions, (2000 hours of experience); Moody is suddenly into grids; you like to be in and out of the market daily (which I think is the general aims of this approach) whereas Moody suggests that being in a trade for over 48 hours, (with gaps in the middle distance as profit...
Still fixated with Georges thread?
That's good.
I think we all enjoy the banter.
I have to admit, and correct me if I'm wrong and I'm sure you would be the first to do so, I thought your home was over on the copy George indicator development thread, in Trading Systems...so why Trading Systems...what system....hmm, something not quite right about that..
This thread is in Trading Discussion, there is no system, just a collection of ideas, and quite rightly it does belong here. But the copy George thread, Trading Systems...nah...
  • #4,698
  • Jun 20, 2019 5:10pm Jun 20, 2019 5:10pm
Quoting moodybot
{quote} Still fixated with Georges thread? That's good. I think we all enjoy the banter. I have to admit, and correct me if I'm wrong and I'm sure you would be the first to do so, I thought your home was over on the copy George indicator development thread, in Trading Systems...so why Trading Systems...what system....hmm, something not quite right about that.. This thread is in Trading Discussion, there is no system, just a collection of ideas, and quite rightly it does belong here. But the copy George thread, Trading Systems...nah...
  • #4,700
  • Jun 20, 2019 5:55pm Jun 20, 2019 5:55pm
Quoting TopCover
{quote} Moody - now being serious - I believe completely that you are taking regular pips from the market and I have no doubts about your skill as a trader. Period. And I'm sure you don't actually care what I think. I also believe you are approachable and that the sarcasm of the typed word ALWAYS belies the good, humorous, well adjusted people behind it. I admit I think there is SOMETHING to this approach - and it is intriguing to a point - however there are many loose ends and too many vague dead-ends etc at present. You more than others I think...

To answer your question..
I felt the USDCAD was under more manipulation than normal.
The TMA had occurred to early, during herd mentality, I like it to follow herd mentality, not during.
At the same time I like to check for a potential target that they would aim for, this is to prevent grid/ or a hedge being required.
I missed the H4 gap, if i had seen it, I wouldn't have posted the chart.
I wont make that mistake again.
Trade recovery for me, stop loss for conventional trading methods.
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