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The Volume Detective 411 replies

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(binned per thread starter’s request) MM (Money Maker) Detective

  • #3,301
  • Edited 9:35am Jun 20, 2019 9:19am | Edited 9:35am
Quoting skyway
{quote} Pipfarm, you beat me to it. GU trade call also went into drawdown for the most of yesterday. https://www.forexfactory.com/showthread.php?p=12337190#post12337190 Last 2 trade calls failed to demonstrate the claimed precision. That's the point. I am not knocking moodybot the trader. He deserves my fullest respect to post live calls. Big huge Moodybot has zero obligation to post live trade calls. Whereas Master George and Master Bluesteele have this obligation to back up their verbal diarrhoea, the champion forex trader...
I agree , fair play to mb, but all the others that claim to have made 2500 pips trading little minor pullbacks for a few pips here and there, and all the lovely charts after the fact i have never seen so much bs in my life, people forget the TMA will keep moving with price and it will will take you with it if you think you can pick bottoms and tops that way.


Obviously the self proclaimed master is a failed wannabe trader, read all his bs , watched his video with his buddy, i can tell you his buddy does not even know what a fractal is, ( watch his video) total and utter bs.

We all know here that the self proclaimed master and his cohorts have only one intention here , to bully , intimidate and give abuse to every one who sees through their bs in order to push their own agenda on those that are eager to learn.

The self proclaimed master of nothings verbal defamation of every other method and person thats ask a question are common psychological methods used to hide a hidden agenda.

We are a community here and i enjoy reading the different threads but what i have seen with the self proclaimed master of nothing , empowers me more to a duty to warn my fellow traders.

Happy trading and don't be lazy hahahaha
Follow The Markets Structure - Patience and Discipline
  • #3,302
  • Jun 20, 2019 1:12pm Jun 20, 2019 1:12pm
Quoting pipfarm
{quote} I agree , fair play to mb, but all the others that claim to have made 2500 pips trading little minor pullbacks for a few pips here and there, and all the lovely charts after the fact i have never seen so much bs in my life, people forget the TMA will keep moving with price and it will will take you with it if you think you can pick bottoms and tops that way. Obviously the self proclaimed master is a failed wannabe trader, read all his bs , watched his video with his buddy, i can tell you his buddy does not even know what a fractal...
@pipfarm -- yep, I see things the same way.

Quote
empowers me more to a duty to warn my fellow traders.
Yep -- their behavior surely lights a fire, right? For me, I channel that extra energy into working on software. I'm not sure it's worth spending too much time warning fellow traders. Even an inexperienced trader can see through the wackiness -- if their purpose here is to learn to be a better trader. But for people who are here for social reasons, the aspect of belonging to a family is very compelling and trading is secondary. Your warnings would include evidence and logic -- yet fall on deaf ears.

@George et al don't realize it, but for every inexperienced trader they think they are converting, there are probably more who are turned off. Whenever @George posts I think he is his own worst enemy. Anyone who reads @George's ranting posts and decides to join his "family" is not someone who will respond to evidence and logic.

So -- I would let it go. I still have a bad taste in my mouth, so my resentment occasionally seeps out in the form of sarcasm. For me, it's a form of therapy. But I would NOT encourage anyone to expend an ounce of energy worrying or thinking about the Dark Side. They are doing a bang-up job creating their own critical mass of frustrated people who don't have a clue how to trade @George's methodology, and at some point the dam will burst. Or @George will decide for the umpteenth time to freeze his thread.

It wasn't so long ago @George was so secretive about his methods and only referred people to post #2407 when they had questions. And now there are podcasts where everything will be explained in great detail -- charts and all? Why the sudden change of heart?
  • #3,304
  • Edited 2:37pm Jun 20, 2019 2:27pm | Edited 2:37pm
Quoting JGalt
{quote} Off Topic. Hi Nih You know I am completely new to mt4... have a question how do you manage that the envelope changes its period when the TF changes? Understand that this question can be too irrelevant, sorry if that is the case. by the way, my respect, you know your math.

@JGalt -- If you have a question for @Nih98 that is specific to one of his indicators then please either:

1. Send him a PM.
2. Ask on his thread.
  • #3,305
  • Jun 20, 2019 2:58pm Jun 20, 2019 2:58pm
I'd thought I'd share an interesting indicator and observation. The indicator is called FractalChannel and on the screen shot below I've overlayed it on top of the SpikeHunter indicator.

Attached Image (click to enlarge)
Click to Enlarge Name: FractalChannels-SpikeHunter.png Size: 41 KB


Notice where the FractalChannel pokes above and below the envelope bands -- most of those locations are already marked with a purple or blue dot. This is good -- it means that the two indicators, which use completely different algorithms, are in general agreement.

I'm also thinking I might be able to incorporate the FractalChannel into SpikeHunter either as a signal generator or filter. The FractalChannel indicator does not repaint, but does require 3-5 bars to compute a fractal.

@Nih98 had previously suggested down-shifting to a lower time frame to get the required bars. I had tried that before but didn't have much success. I think that is because fractals are dependent on bars and the bars at lower time frames are different than the bars at higher time frames. But I'll revisit that idea using this FractalChannel indicator.

Just as an FYI -- a M15 bar represents 15 M1 bars, right? But the M15 bar is not an average. The M15 bar is the 15th M1 bar. So, the 15 M1 bars can be all over the chart, but only the 15th M1 bar becomes the M15 bar. The 15 M1 bars are still valuable data if your algorithm uses medians or averaging -- but fractals are a different beast.

If anyone is interested, I've attached a copy of the FractalChannel indicator below:
Attached File(s)
File Type: ex4 FractalChannel_v1.ex4   18 KB | 293 downloads

Attached File(s)
File Type: mq4 FractalChannel_v1.mq4   5 KB | 381 downloads
  • #3,306
  • Jun 20, 2019 3:32pm Jun 20, 2019 3:32pm
Exits...

I'm thinking that with the SpikeHunter indicator we've gone about as far as we can go in terms of Entries. If you have a different type of Envelope you'd like to try I'm willing to include it with SpikeHunter (as long as you can also provide the source code).

I'm guesstimating the current accuracy of Entries in SpikeHunter is in the 70-80% range -- plus or minus a few percent. It also depends on your SL -- if you were to use a larger SL then the accuracy might go up a bit, but then there is the added risk.

I think the next step is to consider what the rule or rules should be for Exiting a trade. Over on the Dark Side, @moodybot's on-record Exit strategy for @George's methodology is "at your convenience". I think we can do a little better than that. Or maybe that is good enough, as long as @George knows your name (sorry -- my psychiatrist tells me it's good to let the sarcasm out).

I really don't want to get into hedging or sophisticated money management -- I'd like to see if we couldn't come up with something based on PA. For example, a simple Exit strategy might be something like this:
Stop Loss = 0.5 ADR
Take Profit = 0.25 ADR
For that to be profitable the win rate would need to be higher than 65% -- which is do-able.

A big, big advantage to using SL and TP is there is no coding involved -- since it all occurs at the broker's end. Also, once trades are opened on one pair you can switch to a different pair since the EA is no longer needed. If your Exit requires the EA to be running, then you either have to open a dedicated chart for each pair or the EA has to continuously traverse all pairs to check whether the Exit condition has been met. That can be done. I've done it. But with all the smart people here at FF wouldn't you think someone could come up with a clever and simpler solution?
  • #3,307
  • Edited 5:36pm Jun 20, 2019 5:05pm | Edited 5:36pm
Quoting robots4me
Exits... solution?
Pivot Points can be very useful for profit taking. Since they are a nice general area of interest to the big $, you could always take partial profit at the 1st PP to lock in some money, move the remainder to BE(ish), and allow the position to play out to a % of the ADR. Of course, you must have a high hit rate in order to make partial profit work, otherwise the equity curve growth will be a little flat. You could also use the BRN's (00&50) too, and then take all or partial at PP, BRN, or % of ADR, whichever comes first. Anything still open after London close, could probably be settled shortly thereafter as price usually goes into a range around noon NY(1600GMT). This would save you rollover fees and the increased SL size needed to accommodate the large spreads during rollover.
  • #3,308
  • Jun 20, 2019 5:28pm Jun 20, 2019 5:28pm
Quoting robots4me
I'd thought I'd share an interesting indicator and observation. The indicator is called FractalChannel and on the screen shot below I've overlayed it on top of the SpikeHunter indicator. {image} Notice where the FractalChannel pokes above and below the envelope bands -- most of those locations are already marked with a purple or blue dot. This is good -- it means that the two indicators, which use completely different algorithms, are in general agreement. I'm also thinking I might be able to incorporate the FractalChannel into SpikeHunter either...
Hi R4M,

Just following on from Pipfarm's comment about the indicators being dynamic and following PA, that is why (like with the CHEERS thread) having fixed levels of S&R (TARGETS) as reference points are very important. These S&R reference points are cast in stone and will not move, thus they either work with a single trade entry and whatever R:R you want to apply or they don't. So when these S&R levels occur at the same time your indicator shows extreme PA movement then this to me is a very good filter.

Regards

RT
Some people say I'm lucky, but the more I practice the luckier I get
  • #3,309
  • Edited 7:32pm Jun 20, 2019 5:30pm | Edited 7:32pm
TopCover has been after their arse for a while now based on factual evidence available. Read his last few posts.
https://www.forexfactory.com/showthread.php?p=12341882#post12341882

If you trigger a trade on the basis of a target level and a TMA reading, and then that trade goes AWOL for half a day, whip-sawing back and forward etc and eventually turning a modest profit for the time expended - then I believe you might as well do basic moving average crosses because you would be no better off. -------- TopCover

Spot on comment about that GU trade.

There cannot be any direct criticism of George trading methodology when it does not exist.

Why ?

3 reasons -

1. George made it clearly known that he is not an educator. He does not teach anyone how to trade,

2. George repeated himself that his thread is not a trading system, it is on the trading discussion section,

3. As such, George and bluesteele are not required to post their trades, and they have not done so to back up their claims of the best trader on the planet.

This is low class corporate style tactics to avoid scrutiny and evaluation while they post with impunity making claims and throwing insults as they wish.

Imho, from his postings it became clear that George was not capable to think out this tactics. It was obvious his posts evolved as he was coached along the way.

I have to dredge this up to highlight to adults on this forum the facts of the conduct of that thread.

This is my opinion. You are welcome to disagree.

Quoting robots4me
{quote}And now there are podcasts where everything will be explained in great detail -- charts and all? Why the sudden change of heart?
We have not seen the content yet. I speculate that there won't be details. I am happy to be proven wrong.
  • #3,310
  • Jun 20, 2019 5:39pm Jun 20, 2019 5:39pm
Quoting robots4me
Exits... I'm thinking that with the SpikeHunter indicator we've gone about as far as we can go in terms of Entries. If you have a different type of Envelope you'd like to try I'm willing to include it with SpikeHunter (as long as you can also provide the source code). I'm guesstimating the current accuracy of Entries in SpikeHunter is in the 70-80% range -- plus or minus a few percent. It also depends on your SL -- if you were to use a larger SL then the accuracy might go up a bit, but then there is the added risk. I think the next step is to consider...
Hi R4M,

You just need to give the EA a Magic Number and it will run of each currency pair independently.

Also a TSL (Trailing Stop Loss) based on the ATR would be a good idea, I have this on one of my EA's and you can also tell it to stop following PA when a set percentage of the ATR is reached (just beyond BE) this gives you a free trade and then you either hit TP or you don't, but your past caring because its costing you nothing.


Regards

RT
Some people say I'm lucky, but the more I practice the luckier I get
  • #3,311
  • Jun 20, 2019 5:46pm Jun 20, 2019 5:46pm
Quoting Scott2locky
{quote} Pivot Points can be very useful for profit taking. Since they are a nice general area of interest to the big $, you could always take partial profit at the 1st PP to lock in some money, move the remainder to BE(ish), and allow the position to play out to a % of the ADR. Of course, you must have a high hit rate in order to make partial profit work, otherwise the equity curve growth will be a little flat. You could also use the BRN's (00&50) too, and then take all or partial at PP, BRN, or % of ADR, whichever comes first. Anything still open...
OR the partial profit fits the MM requirement and the part you let run just becomes a bonus
Some people say I'm lucky, but the more I practice the luckier I get
  • #3,312
  • Jun 20, 2019 6:12pm Jun 20, 2019 6:12pm
Quoting Robot Trader
{quote} OR the partial profit fits the MM requirement and the part you let run just becomes a bonus
Agree Robot, but I also found that the more I get involved with managing a trade outside my pre-defined rules, the more profit I usually left on the table. You know, the old "fear & greed paradigm"....
  • #3,313
  • Jun 20, 2019 6:26pm Jun 20, 2019 6:26pm
Quoting skyway
TopCover has been after their arse for a while now based on factual evidence available. https://www.forexfactory.com/showthread.php?p=12341882#post12341882 There cannot be any direct criticism of George trading methodology when it does not exist. Why ? 3 reasons - 1. George made it clearly known that he is not an educator. He does not teach anyone how to trade, 2. George repeated himself that his thread is not a trading system, it is on the trading discussion section, 3. As such, George and bluesteele is not required to post their trades,...
"I have to dredge this up to highlight to adults on this forum the facts of the conduct of that thread."

Skyway- You are going out of your way to unnecessarily malign George and the thread.

The short story of it: There was always an opportunity like many others to talk to George and in fact, George himself extended a personal invitation in-spite of snippy comments prior to that.

Check this post#1890

https://www.forexfactory.com/showthread.php?p=12090859#post12090859

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You could have used the opportunity to talk to George about any topic-clarified your doubts-talk about money management- even seen him trade live. This would have put any concerns you had to rest, though George had no obligation, he is doing it because of his passion for the trading game.

It was your choice not to utilize the opportunity.Plain and Simple.

Now after all that has transpired from then on, you cannot turn around and malign George for not meeting your demands of showing {Exits-MM etc...}- Why would George or any Sane Person lift a finger to cater to your demands now?

Sorry Steve- Skyway gave me no choice , but to post.
  • #3,314
  • Jun 20, 2019 6:36pm Jun 20, 2019 6:36pm
GBPUSD

Price has risen rapidly to previous levels in the last 2 days. On the h4 chart, there are 2 high levels of 1.27630 - 7 June, and 1.27587 - 12 June. Take note.
(I am away posting from my phone so not able to post chart.)
  • #3,315
  • Jun 20, 2019 6:44pm Jun 20, 2019 6:44pm
Quoting aaven
{quote} "I have to dredge this up to highlight to adults on this forum the facts of the conduct of that thread." Skyway- You are going out of your way to unnecessarily malign George and the thread. The short story of it: There was always an opportunity like many others to talk to George and in fact, George himself extended a personal invitation in-spite of snippy comments prior to that. Check this post#1890 https://www.forexfactory.com/showthread.php?p=12090859#post12090859 {image} {image} {image} You could have used the opportunity to...
Thank you aaven.

From the pictures you posted, it proves I already knew at the very early stage of his thread how he trades. He confirmed it in his reply.

There is a huge disconnect with all the chart examples posted on his thread and this George post. Figure out what that is.
Attached Image
  • #3,316
  • Jun 20, 2019 6:46pm Jun 20, 2019 6:46pm
Quoting aaven
{quote} "I have to dredge this up to highlight to adults on this forum the facts of the conduct of that thread." Skyway- You are going out of your way to unnecessarily malign George and the thread. The short story of it: There was always an opportunity like many others to talk to George and in fact, George himself extended a personal invitation in-spite of snippy comments prior to that. Check this post#1890 https://www.forexfactory.com/showthread.php?p=12090859#post12090859 {image} {image} {image} You could have used the opportunity to...

oh pleasestop being a suk go back to the 95% on that thread you talk about if its so good , after over 30 years plus at trading i have seen people come and tell me how good they are you people and that includes moodybottom think you have the holy grail so stop bleeting if it was so good you would not care and trade the thread but from what i see it you cant because you can not , George has his theory and trys to teach people on how to trade however its people like you that cant trade and try to filch his system and tell people how good you are and patty patty backs and kissie kissie when in fact its the opposite , i get mails most days asking me how i trade and what secret i have , its called learning forex on FOREX FACTORY there is pleanty of teaching threads so go visit a few
people leave, but this thread will go on for ever
  • #3,317
  • Jun 20, 2019 7:08pm Jun 20, 2019 7:08pm
For those following George thread this is the most important post in his entire thread. Read it. And if possible, try to understand what he wrote.

https://www.forexfactory.com/showthread.php?p=12223142#post12223142
  • #3,318
  • Jun 20, 2019 7:32pm Jun 20, 2019 7:32pm
Quoting skyway
{quote} Thank you aaven. From the pictures you posted, it proves I already knew at the very early stage of his thread how he trades. He confirmed it in his reply. There is a huge disconnect with all the chart examples posted on his thread and this George post. Figure out what that is. {image}
Skyway,

It looks like you feel it is one of those gotcha moments for George or a contradiction, but funnily enough your post, i feel reflects your myopic view. You are operating with incomplete information due to your reluctance in engaging with George[True, there are numerous posts by George, but also a depth that cannot/wasn't done via forum posts}- Of course, those lines will look like contradiction to you, but not to those who have chosen to have an open mind and spoken with him- He talked about the path to Mastery etc...

If i remember correctly, there is also a post which briefly touches on this aspect- the post where showed the broker statement and one of the trading days, price did not behave in the anticipated way, but he adapted and scalped for quick pips {which is not his usual trading style}.

I mean, How do you know what you don't know-It looks like there will be always be disconnect which might look like a discrepancy to you, but it is actually not.

Steve, I apologize if i disrupted the momentum of the thread {Seriously-No Sarcasm} and for letting me set the record straight.

Thanks
  • #3,319
  • Jun 20, 2019 7:35pm Jun 20, 2019 7:35pm
Quoting Aussi
{quote} oh pleasestop being a suk go back to the 95% on that thread you talk about if its so good , after over 30 years plus at trading i have seen people come and tell me how good they are you people and that includes moodybottom think you have the holy grail so stop bleeting if it was so good you would not care and trade the thread but from what i see it you cant because you can not , George...
Of course, i don't know how to trade- That's what George thread is aimed for-People like me. It doesn't take a Sherlock Holmes to figure this.

I am glad you are trader and aren't working for the police department...
  • #3,320
  • Jun 20, 2019 7:36pm Jun 20, 2019 7:36pm
Quoting aaven
{quote} Skyway, It looks like you feel it is one of those gotcha moments for George or a contradiction, but funnily enough your post, i feel reflects your myopic view. You are operating with incomplete information due to your reluctance in engaging with George[True, there are numerous posts by George, but also a depth that cannot/wasn't done via forum posts}- Of course, those lines will look like contradiction to you, but not to those who have chosen to have an open mind and spoken with him- He talked about the path to Mastery etc... If i remember...
Clearly you have not figured out the huge disconnect. I don't expect you to anyway. Strange that you post about trading matters when you make this post.
Quoting aaven
Of course, i don't know how to trade
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