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Real or Algo

  • #141
  • Edited 8:35pm Apr 26, 2020 8:14pm | Edited 8:35pm
Quoting RickM
{quote} Hi GMD BWilliams asked this, does price determine supply and demand or does supply and demand determine price. Then you ask here are patterns caused by the Algo's actions. Have you ever used a Stirograph and why does it work? It has limitations doesn't it ? So I believe the Algo limits price expansion is actually a perfect Stirograph in disguise. Therefore its price that does determine supply and demand because its manipulated totally by an Algo. {image}
Nice post Rick. I can get my little pea brain around where the algo might limit price.

PS had a Spirograph when I was a kid. Thats what they called it in the states...hehehehe

Dave
K.I.S.S.
  • #142
  • Apr 26, 2020 9:21pm Apr 26, 2020 9:21pm
Quoting fmsfx
{quote} Nice post Rick. I can get my little pea brain around where the algo might limit price. PS had a Spirograph when I was a kid. Thats what they called it in the states...hehehehe Dave
I agree with you Dave, Spirograph was originally MQL4 but someone ‘hacked’ it.. it’s a must have indicator that’s kept ‘underground’..am surprised Rick let the cat out of the bag...
  • #143
  • Apr 27, 2020 5:59pm Apr 27, 2020 5:59pm
Will they, wont they........
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  • #144
  • Apr 27, 2020 10:14pm Apr 27, 2020 10:14pm
Quoting moodybot
Will they, wont they........ {image}
Just glancing at that chart on my phone I see many liquidity gaps... Filled precisely on many and unfilled ones as well..

To me that is where one sees the preciseness of this massive market... Swift moves followed by an exact retracement to the pip to fill these LGs.

Amazing how with so many layers in this market we see this precision

How is that possible ?
Master your Mind,,,Master the Market
  • #145
  • Apr 27, 2020 10:36pm Apr 27, 2020 10:36pm
Forex price is not generated by retail traders. Market Makers generate the price. The 5~10 big banks at the top form a currency trading cartel- the Market Makers. They trade among themselves on the IBIS platform. Those banks include, Deutsche Bank, HSBC, Citi, Barclays, SNB, to name just a few. How they conduct trading on that platform and generate price can be anyone's guess. No one ever disclosed how they generate price in that process. I believe all those who have access to IBIS at those banks have signed NDA with their employers. Within that small group of banks, if 3~5 of them collude, it's very easy to manipulate price. And that price is passed down to the 2nd tier, 3rd tier, all the way to brokers of retail forex. That's why the price difference at different brokers is within a couple of pips.
  • #146
  • Apr 27, 2020 10:46pm Apr 27, 2020 10:46pm
Quoting bluesteele
{quote} Just glancing at that chart on my phone I see many liquidity gaps... Filled precisely on many and unfilled ones as well.. To me that is where one sees the preciseness of this massive market... Swift moves followed by an exact retracement to the pip to fill these LGs. Amazing how with so many layers in this market we see this precision How is that possible ?
Thanks Kevin, hope your feeling a lot better mate. Nasty business having a ‘leaky tap’ ... hope the penicillin works.... will have to get together with George and take a good beating...!!!
  • #147
  • Apr 27, 2020 10:54pm Apr 27, 2020 10:54pm
Quoting pooh123
Forex price is not generated by retail traders. Market Makers generate the price. The 5~10 big banks at the top form a currency trading cartel- the Market Makers. They trade among themselves on the IBIS platform. Those banks include, Deutsche Bank, HSBC, Citi, Barclays, SNB, to name just a few. How they conduct trading on that platform and generate price can be anyone's guess. No one ever disclosed how they generate price in that process. I believe all those who have access to IBIS at those banks have signed NDA with their employers. Within that...
Hi Pooh, good to see you posting. Like most traders, I don’t have the institutional background to know or to have seen where the data is sourced from.
Those that believe they know... hmm...
I firmly believe in an Algo, potentially generated by the top 5-10 but certainly however it is generated, it is closely controlled. If the market wasn’t controlled someone somewhere could go rogue and do some real damage, the Algo prevents that from happening but it still has to be loose enough to allow movement.
As always I’m probably not making any sense but hey, this is a public forum and great to see you contributing..

Andy
  • #148
  • Apr 27, 2020 11:19pm Apr 27, 2020 11:19pm
Quoting bluesteele
{quote} Just glancing at that chart on my phone I see many liquidity gaps... Filled precisely on many and unfilled ones as well.. To me that is where one sees the preciseness of this massive market... Swift moves followed by an exact retracement to the pip to fill these LGs. Amazing how with so many layers in this market we see this precision How is that possible ?


ssshhhhhhhh!!!!!



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  • #149
  • Apr 28, 2020 7:22am Apr 28, 2020 7:22am
Quoting pooh123
Forex price is not generated by retail traders. Market Makers generate the price. The 5~10 big banks at the top form a currency trading cartel- the Market Makers. They trade among themselves on the IBIS platform. Those banks include, Deutsche Bank, HSBC, Citi, Barclays, SNB, to name just a few. How they conduct trading on that platform and generate price can be anyone's guess. No one ever disclosed how they generate price in that process. I believe all those who have access to IBIS at those banks have signed NDA with their employers. Within that...
Hi David,

this is also very much my view on how the price is controlled by these 5-7 huge players...while the Algo is their tool of implementing the decisions taken.

Cheers,

B
On ignore list of scammers, deceivers and low IQ individuals. Exclusively
  • #150
  • Apr 28, 2020 1:18pm Apr 28, 2020 1:18pm
A 3-tic chart for fun, wonder if this has a higher likelihood of reaching the bottom target than moving through the top target?
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  • #151
  • Apr 28, 2020 4:57pm Apr 28, 2020 4:57pm
Quoting Nikl
{quote} Hi whitesta Ideally for a reversal trade I'd be looking for price to breach the dashed line, preferably a fast moving spike that breaches my TMA zone (on M1). I'd be weary of a grinder day though as the last 3 days have been below average in regards to the ADR value (yearly) and been stuck in a range. I'll be setting alarms so as not to miss any potential action! By the way I'm still finding my feet so take everything I say with a big pinch of salt..... Cheers Nick {image} {image}
Still waiting on GJ....
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  • #152
  • Edited 5:46pm Apr 28, 2020 5:04pm | Edited 5:46pm
Kept for special occasions.....
  • #153
  • Apr 28, 2020 5:42pm Apr 28, 2020 5:42pm
Quoting forrestang
A 3-tic chart for fun, wonder if this has a higher likelihood of reaching the bottom target than moving through the top target? {image}
We did drop, interestingly enough zooming out, the image on the right shows a larger overlapping area that may have been a target also.
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  • #154
  • Apr 28, 2020 6:28pm Apr 28, 2020 6:28pm
Possibly another one setting up..
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  • #155
  • Apr 28, 2020 6:44pm Apr 28, 2020 6:44pm
I’m curious what y’all think about this.

Friend of mine trades strictly EURUSD with relatively high leverage and basically just lets his trades run constantly unless they hit around a 3% gain at which point he will close the trades in profit. There is no set stop loss and essentially whenever there’s a strong move in one direction and his initial trades are in the red, he just builds a large counter trend position until there is an eventual pullback at which he pulls the trades off if the pullback isn’t sustained.

To me it seems incredibly risky but he’s made a large profit on his account with relatively minor drawdown.

Curious what the forum members think.
  • #156
  • Apr 28, 2020 6:46pm Apr 28, 2020 6:46pm
Quoting Nikl
{quote} Still waiting on GJ.... {image}
You shouldn’t have to wait too long for that move Nikl, nice call.
I am looking at a even Bigger target down at 128.314 (to be exact) in early May. I have set one of my Algo’s on that spot and told it not to come home without 400 pips ha ha

Cheers
Trading thin liquidity at the boundary of the charts
  • #157
  • Apr 28, 2020 6:48pm Apr 28, 2020 6:48pm
Quoting RickM
{quote} You shouldn’t have to wait too long for that move Nikl, nice call. I am looking at a even Bigger target down at 128.314 (to be exact) in early May. I have set one of my Algo’s on that spot and told it not to come home without 400 pips ha ha Cheers
  • #158
  • Apr 28, 2020 6:55pm Apr 28, 2020 6:55pm
I hv a tip for Algo manipulator strategy practitioners. There are plenty more targets on lower timeframe. They hv shorter cycles and the right targets yield plenty of pips. Just hv to learn to identify which targets are profitable. Trade these and you won't ever hv to scalp for pittance again. If I'm not wrong Bluesteele mentioned this in his post. Cheers
Know what you trade
  • #159
  • Apr 28, 2020 7:01pm Apr 28, 2020 7:01pm
when you pass vision test .... nht ....
  • #160
  • Apr 28, 2020 7:29pm Apr 28, 2020 7:29pm
Quoting BWilliam
I hv a tip for Algo manipulator strategy practitioners. There are plenty more targets on lower timeframe. They hv shorter cycles and the right targets yield plenty of pips. Just hv to learn to identify which targets are profitable. Trade these and you won't ever hv to scalp for pittance again. If I'm not wrong Bluesteele mentioned this in his post. Cheers
No manipulation, the Algo runs as programmed.
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