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Real or Algo

  • #81
  • Apr 24, 2020 5:38pm Apr 24, 2020 5:38pm
Quoting nauxil
Have been demo trading for awhile now. Would like to add an observation from my GJ trade yesterday. Took the first buy trade indicated by the star after price crossed the asian session low and price had reached my TMA pressure zone on my M1 chart, and there was an M15 no interlocking bars in place to support the entry. A H1 bar was fully completed after my first entry. Price continued to go deeper into the TMA, about 10 pips to breach the next herd mentality support. This interestingly was at the very start of the new hour, which painted a nice...
A great post with some 'sneaky' info written on the chart... well worth investigating.

A.
  • #82
  • Apr 24, 2020 8:51pm Apr 24, 2020 8:51pm
Quoting nauxil
Have been demo trading for awhile now. Would like to add an observation from my GJ trade yesterday. Took the first buy trade indicated by the star after price crossed the asian session low and price had reached my TMA pressure zone on my M1 chart, and there was an M15 no interlocking bars in place to support the entry. A H1 bar was fully completed after my first entry. Price continued to go deeper into the TMA, about 10 pips to breach the next herd mentality support. This interestingly was at the very start of the new hour, which painted a nice...
thx for the post and great entries well done.

Question for anyone:when we say no interlocking does it mean that the price doesn’t retrace to close the gap?

asking b/c on ICM-raw my price retraced to close the micro gap before moving down.

cheers and I agree with Andy: thx everybody for their nice charts!
  • #83
  • Apr 24, 2020 10:12pm Apr 24, 2020 10:12pm
Quoting moodybot
{quote} Some would say that the market is an Algorithm or part Algorithm, others say its a natural market.
oohh i see,, i will notice this first...
for EU pair is very tricky, maybe there is big player plays in the eu pair, maybe big bank plays in the industry especially eu.
for eu maybe more algo than other any pair...and maybe the most algo pair, beware of eu..
for other pair maybe it's natural market.
  • #84
  • Apr 24, 2020 10:35pm Apr 24, 2020 10:35pm
Hi All,

Something to look for on GBP/USD next week. Herd mentality zone has formed. There are lots of targets though. As suggested by Moodybot we have to look at the ADR, Session etc to figure out which target will be used. One thing that most certainly will happen is that price will return to that zone sometime next week. When and how is hard to tell. Like most here I am trying to figure it out. If it was that easy there would have been so many millionaires by now..lol. I am sure seasoned traders will have their input to help us out.

Regards
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  • #85
  • Edited 11:26pm Apr 24, 2020 11:13pm | Edited 11:26pm
Quoting Nikt
{quote} thx for the post and great entries well done. Question for anyone:when we say no interlocking does it mean that the price doesn’t retrace to close the gap? asking b/c on ICM-raw my price retraced to close the micro gap before moving down. cheers and I agree with Andy: thx everybody for their nice charts!
Thanks Andy and Deigo. Have been observing and studying the charts for awhile now. Learnt quite abit from the forum and just thought it's about time to share my observations and interpretations with the community.

Yes if you're referring to the M15 bar, my broker also had a very very tiny retracement, about 0.002 points. As long as the wicks are barely existent to the size of it's candle I see it as a valid signal

And yes Andy it is indeed 'sneaky'. Aside from the 'no interlocking' there is one more price filter i currently like to see which is also on the chart, but i did not list it.

Regards
Wong
  • #86
  • Apr 25, 2020 12:07am Apr 25, 2020 12:07am
Quoting nauxil
{quote} Thanks Andy and Deigo. Have been observing and studying the charts for awhile now. Learnt quite abit from the forum and just thought it's about time to share my observations and interpretations with the community. Yes if you're referring to the M15 bar, my broker also had a very very tiny retracement, about 0.002 points. As long as the wicks are barely existent to the size of it's candle I see it as a valid signal And yes Andy it is indeed 'sneaky'. Aside from the 'no interlocking' there is one more price filter i currently like to...
Possibly narrow range for Asia.... close of up candle that breached 2nd target and next candle...gap...but you might have already entered.
  • #87
  • Edited 3:36am Apr 25, 2020 3:14am | Edited 3:36am
Predictable.

Not an algo.

We need to make this distinction, this is supply and demand, retail vs wholesale.
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  • #88
  • Apr 25, 2020 4:00am Apr 25, 2020 4:00am
If the market maker with the support of banks, institutions, hedge funds etc coalesced into a supply and demand signal which stopped price and closed a near 3 year gap exactly to the pip, then of course I stand corrected.
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  • #89
  • Apr 25, 2020 4:13am Apr 25, 2020 4:13am
Quoting Nikl
More Algo conditioning..... this time GJ {image}
One to watch on Monday...
Attached Image (click to enlarge)
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  • #90
  • Apr 25, 2020 5:08am Apr 25, 2020 5:08am
Quoting Nikl
{quote} One to watch on Monday... {image}
now that's a solid support in there...the price simply cannot go through it...so I'll enter long with big lots and no SL...lol

on a serious note...would Andy/moody say that this is another Algo trap?

"The Ancient Alien theorists say yes"
On ignore list of scammers, deceivers and low IQ individuals. Exclusively
  • #91
  • Apr 25, 2020 5:18am Apr 25, 2020 5:18am
Quoting bfx17
{quote} now that's a solid support in there...the price simply cannot go through it...so I'll enter long with big lots and no SL...lol on a serious note...would Andy/moody say that this is another Algo trap? "The Ancient Alien theorists say yes"
Hi Nikl,

The GBP/USD looks similar. The red horizontal dashed line below the 3 touches is your target right? Do let us know how you will go on with this trade if you do place it.

Regards
  • #92
  • Apr 25, 2020 5:59am Apr 25, 2020 5:59am
Quoting moodybot
If the market maker with the support of banks, institutions, hedge funds etc coalesced into a supply and demand signal which stopped price and closed a near 3 year gap exactly to the pip, then of course I stand corrected. {image}
Why don't you draw your horizontal line like this?
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Attached Image
  • #93
  • Apr 25, 2020 6:15am Apr 25, 2020 6:15am
Quoting Dmh
{quote} Why don't you draw your horizontal line like this? {image} {image}
I only keep targets that have not been taken out by subsequent price action.
  • #94
  • Apr 25, 2020 6:18am Apr 25, 2020 6:18am
Quoting bfx17
{quote} now that's a solid support in there...the price simply cannot go through it...so I'll enter long with big lots and no SL...lol on a serious note...would Andy/moody say that this is another Algo trap? "The Ancient Alien theorists say yes"
Drawing stops in, when they have enough they’ll take it out.. the question is, do they keep going or stop and setup a herd mentality with the target just below..
  • #95
  • Apr 25, 2020 6:24am Apr 25, 2020 6:24am
Quoting whitesta
{quote} Hi Nikl, The GBP/USD looks similar. The red horizontal dashed line below the 3 touches is your target right? Do let us know how you will go on with this trade if you do place it. Regards
Hi whitesta,

since you quoted my post, it is possible that Nikl won't notice your question...and I cannot answer on his behalf.

but I'd say that he is not trading toward the targets, but rather he's waiting for these targets to be taken out and then (and when the price becomes extreme), he would place the trades.

anyways, better quote his post and he'll probably answer.

cheers,
b
On ignore list of scammers, deceivers and low IQ individuals. Exclusively
  • #96
  • Apr 25, 2020 6:27am Apr 25, 2020 6:27am
Quoting Nikl
{quote} One to watch on Monday... {image}
Hi Nikl,

The GBP/USD looks similar. The red horizontal dashed line below the 3 touches is your target right? Do let us know how you will go on with this trade if you do place it.

Regards
  • #97
  • Apr 25, 2020 6:34am Apr 25, 2020 6:34am
Quoting bfx17
{quote} now that's a solid support in there...the price simply cannot go through it...so I'll enter long with big lots and no SL...lol on a serious note...would Andy/moody say that this is another Algo trap? "The Ancient Alien theorists say yes"
Hi bfx17

Will price go through?

Here is how I see it, maybe it depends on the weight of orders down there -

Do they weight enough yet to attract the Algo to run down and remove this inbalance from the charts?.
I see the market as a Fabric that has three dimensions - Density, Weight and Space.
Eventually the weight of the stops below becomes so heavy and dense, it will create space (Gaps) to ensure price will close this inbalance from the market.
I would say at every touch of the reversal zone, orders would double in size and weight.

Then it Will Clean the lot out - in my opinion.
Attached Image
Trading thin liquidity at the boundary of the charts
  • #98
  • Apr 25, 2020 6:51am Apr 25, 2020 6:51am
First I will admit to not reading all the thread yet, but I will. I wanted to write this before I forgot.
Just my thinking. I have often wondered if there were people in the Banks I. E. economists, who set a price for a pair at the start of the day/period. Price then moves, through, traders, to that price. If it reaches it it then just bounces until a new price is reached. Then a new price is set and off it goes again.
I have also noticed that price, in general, gets to open +- daily atr and then will reverse and stay in that general price area. Not always but enough. Of course atr is a self fulfilling value.
Just my thoughts, back to reading the rest.
  • #99
  • Apr 25, 2020 6:54am Apr 25, 2020 6:54am
Quoting RickM
{quote} Hi bfx17 Will price go through? Here is how I see it, maybe it depends on the weight of orders down there - Do they weight enough yet to attract the Algo to run down and remove this inbalance from the charts?. I see the market as a Fabric that has three dimensions - Density, Weight and Space. Eventually the weight of the stops below becomes so heavy and dense, it will create space (Gaps) to ensure price will close this inbalance from the market. I would say at every touch of the reversal zone, orders would double in size and weight. Then...
Great post Rick.,, utilising space time..
  • #100
  • Apr 25, 2020 7:04am Apr 25, 2020 7:04am
Quoting Spikehunter
First I will admit to not reading all the thread yet, but I will. I wanted to write this before I forgot. Just my thinking. I have often wondered if there were people in the Banks I. E. economists, who set a price for a pair at the start of the day/period. Price then moves, through, traders, to that price. If it reaches it it then just bounces until a new price is reached. Then a new price is set and off it goes again. I have also noticed that price, in general, gets to open +- daily atr and then will reverse and stay in that general price area....
That would require 50 major bank economists actually agreeing to do the same thing at the same time in the same direction with the same money and then close at the same time and probably talk about it in the same Pub.

Any one been on a committee ?
Trading thin liquidity at the boundary of the charts
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