{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...
, but still no clear option until now. That's why I don't bother much anymore trying to anticipate when the level will be broken...
{quote} Hi Rick, I am sure the price will break that level...it looks very much like a trap and I think the real target is below 132. Of course, the big question is WHEN...and for this I don't have a clear answer... I spent a lot of time thinking how to trade toward the targets and until now I didn't find a consistent solution, because I cannot know when the number of orders in the target zone is enough for the SM/Algo to make the move. I also analyzed your Vacuum theory
{quote} Agreed. The same as two shop keepers agreeing to sell bread at the same price...one will always undercut...human nature, let alone all the banks trying to agree... that’s why I think it’s an Algo.
{quote} Hi Rick, I am sure the price will break that level...it looks very much like a trap and I think the real target is below 132. Of course, the big question is WHEN...and for this I don't have a clear answer... I spent a lot of time thinking how to trade toward the targets and until now I didn't find a consistent solution, because I cannot know when the number of orders in the target zone is enough for the SM/Algo to make the move. I also analyzed your Vacuum theory
{quote} Hi Pierre I think this thread is just a general discussion on whether Supply & Demand rules the game or is there an Algo actually controlling and moving the price. Just a general discussion here and Andy isn't selling signals. Can I say most of my trades also have less than 5 pips draw down but I do believe in control of a Algo - just not how you have described it. Its a mindset game. Cheers
{quote} Hi Pierre I think this thread is just a general discussion on whether Supply & Demand rules the game or is there an Algo actually controlling and moving the price. Just a general discussion here and Andy isn't selling signals. Can I say most of my trades also have less than 5 pips drawdown but I do believe in control of a Algo - just not how you have described it. Its a mindset game. Cheers
{quote} bfx17 Lets not bring my Vacuum theory into this thread or we will both get headaches. Actually I was telling Andy about my two sorts of targets I trade off but I didn't mention Vacuums. My final word here would be I found you can trade the vacuums very well by adding them to Georges Target theory. IT ADDS TO THE ALGO STORY - Just 1 chart to finish - There were NO targets here visible to us, but the Algo knew where the vacuum was ( this was just above the trap door on Andy's EJ Chart ). Cheers {image}
{quote} I brought it in here as it Algo related...and because it is very interesting
{quote} I think what it comes down to is not algos. Algos are not a big part of the market on one hand, and their role is not to create traps for retail to fall for. You have to remember that retail traders, especially the ones that fall for such 'stop hunts', are not a big amount of liquidity to draw their attention. Algos do not take orders at their discretion, they take the orders from the client or institution, and their job is to absorb the volume and chop big orders down to execute as efficiently as possible. The reason why you see multiple...
