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Real or Algo

  • #361
  • May 14, 2020 10:35pm May 14, 2020 10:35pm
Quoting moodybot
{quote} Why not? So you can look at EURUSD and GBPUSD and know exactly what EURGBP is going to do next? Then you’re already a rich man..
There is a triangular relationship that runs at the core of all FX because we don't trade currencies, but rather currency pairs. So E/G = E/U * U/G (note the U cancels out). So if you don't have EG quotes but do have quotes for EU and GU, you can compute a synthetic quote for EG. It won't be exactly the same as there is some general drift in the spreads, but it will be very close.

Top chart: EG, middle chart: EU / GU (synthetic EG), bottom chart: EG - synthetic EG
Attached Image (click to enlarge)
Click to Enlarge Name: EG.png Size: 10 KB
  • #362
  • May 14, 2020 11:10pm May 14, 2020 11:10pm
Quoting FXEZ
{quote} There is a triangular relationship that runs at the core of all FX because we don't trade currencies, but rather currency pairs. So E/G = E/U * U/G (note the U cancels out). So if you don't have EG quotes but do have quotes for EU and GU, you can compute a synthetic quote for EG. It won't be exactly the same as there is some general drift in the spreads, but it will be very close. Top chart: EG, middle chart: EU / GU (synthetic EG), bottom chart: EG - synthetic EG{image}
In the practical sense though, how useful is understanding the means between currency pairs? Cointegration of pairs sounds like an exciting research area but I haven't seen anyone using that successfully over the long term. It would be nice to see if there are any practical examples of this used by successful traders.
  • #363
  • May 15, 2020 2:14am May 15, 2020 2:14am
Ideas for GBPUSD for today
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.lmaxM15.png Size: 46 KB
  • #364
  • May 15, 2020 3:46am May 15, 2020 3:46am
Took EURUSD
Levels to watch: Up 08162, 08203, 08239
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.lmaxM15.png Size: 44 KB
  • #365
  • May 15, 2020 8:58am May 15, 2020 8:58am
Quoting PointToPoint
{quote} In the practical sense though, how useful is understanding the means between currency pairs? Cointegration of pairs sounds like an exciting research area but I haven't seen anyone using that successfully over the long term. It would be nice to see if there are any practical examples of this used by successful traders.
I spent a long time chasing cointegration. It's a long term relationship and it can fall apart, I think most of us are more interested in short term relationships and in things that don't fall apart.

But I keep coming back to the triangular relationship that I became aware of many years ago. It's a solid foundation at the base of the markets that won't fall apart, but it took me 15 yrs to figure out how it might be used. I'll leave you with the quoted post which sums up how I feel extremely well. I think I've now nearly solved b) in that post, and am working on a).

https://www.forexfactory.com/showthr...7#post11792837
  • #366
  • May 15, 2020 7:40pm May 15, 2020 7:40pm
Hi Traders

Don't forget to watch the magic the Algo will show us soon

Very soon
Attached Image (click to enlarge)
Click to Enlarge Name: vacuum closing in.png Size: 380 KB
Trading thin liquidity at the boundary of the charts
  • #367
  • May 16, 2020 8:31am May 16, 2020 8:31am
Quoting RickM
Hi Traders Don't forget to watch the magic the Algo will show us soon Very soon {image}
What is suppose to happen there? Im curious.
  • #368
  • May 16, 2020 10:28am May 16, 2020 10:28am
Anybody believing indicators is insane or uneducated. Indicators works on price action so not otherwise so you can put all indicators straight into bin as you will lose money following ANY indicator
  • #369
  • May 16, 2020 10:55am May 16, 2020 10:55am
Quoting kodakwhite
Anybody believing indicators is insane or uneducated. Indicators works on price action so not otherwise so you can put all indicators straight into bin as you will lose money following ANY indicator
Only if we don't know how to use it..be boundless.
Close Trade At Profit
  • #370
  • May 16, 2020 3:27pm May 16, 2020 3:27pm
Quoting kodakwhite
Anybody believing indicators is insane or uneducated. Indicators works on price action so not otherwise so you can put all indicators straight into bin as you will lose money following ANY indicator
Indicators work on price action...what controls price action?
Real or Algorithm, what would be your view? Does it matter??
Why doesn't it matter?
Who programmed the Algorithm if it exists? Human psychology
If the market is a natural entity, then it moves through human intervention and Human psychology.
What can a chart show, what could an indicator show?.. Human Psychology.
How could a TMA, 3 MA's and an understanding of how to use them provide so much information.

Why do you roll across the forum with such a negative attitude?
Stop quoting other traders myths and legends and start thinking for yourself.
  • #371
  • May 16, 2020 4:38pm May 16, 2020 4:38pm
Move within a move.

The fractal nature of the market (Algo)

EURNZD

Chart shows the previous move with targets taken out, but the bigger picture is all to obvious.
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD move within a move...png Size: 55 KB
  • #372
  • May 17, 2020 1:05am May 17, 2020 1:05am
Quoting moodybot
{quote} Indicators work on price action...what controls price action? Real or Algorithm, what would be your view? Does it matter?? Why doesn't it matter? Who programmed the Algorithm if it exists? Human psychology If the market is a natural entity, then it moves through human intervention and Human psychology. What can a chart show, what could an indicator show?.. Human Psychology. How could a TMA, 3 MA's and an understanding of how to use them provide so much information. Why do you roll across the forum with such a negative attitude? Stop quoting...


Show me results, numbers does do not lie - I'm not being negative but realistic, most people here live in fairy tales about trading and losing money because they false-positivist takes over.
  • #373
  • May 17, 2020 2:15am May 17, 2020 2:15am
Quoting kodakwhite
{quote} Show me results, numbers does do not lie - I'm not being negative but realistic, most people here live in fairy tales about trading and losing money because they false-positivist takes over.
The thread is a discussion of whether the data is an Algo or a natural market. Recent charts I have posted show a sequence of charts of a move, the targets, and where the next move starts, posted well before the event
I have shown this several times in several threads.
I believe, as do others who have posted that we are dealing with either an Algo or a centralised data provider.

I am under no obligation or contract to provide you with my data, that is my business and not yours.

If you want to see some after the event charts then move along, 100’s of threads have them, but here when I can be bothered, they will be shown before the event. You will notice other forum members posting charts like Rick, before the event.

What do you have to offer the thread?
  • #374
  • May 17, 2020 3:04am May 17, 2020 3:04am
i'm going to share two bits of information I HEARD through a prop firm based in London.
1) bank algo's only last 30 minutes maximum - I think Rick may have more information.
2) bank algo's normally get turned off at news releases - red.
3) his levels are taken from the daily chart.

at the time - this trader was down 50 million.
  • #375
  • May 17, 2020 3:10am May 17, 2020 3:10am
Quoting Londonpip60
i'm going to share two bits of information I HEARD through a prop firm based in London. 1) bank algo's only last 30 minutes maximum - I think Rick may have more information. 2) bank algo's normally get turned off at news releases - red. 3) his levels are taken from the daily chart. at the time - this trader was down 50 million.
Thanks for the info, just down 50 million...bet the Algos are 24/5 then..
  • #376
  • May 17, 2020 6:57am May 17, 2020 6:57am
Quoting moodybot
{quote} The thread is a discussion of whether the data is an Algo or a natural market. Recent charts I have posted show a sequence of charts of a move, the targets, and where the next move starts, posted well before the event I have shown this several times in several threads. I believe, as do others who have posted that we are dealing with either an Algo or a centralised data provider. I am under no obligation or contract to provide you with my data, that is my business and not yours. If you want to see some after the event charts then move along,...
For me trading with precision is telling the market will break this support/resistance and will reverse or will continue, is telling in the long term it will go in this direction and this is their target, in the short term it will do this.
You have showed charts where it is more than obvious that there will be a stop hunt, but what will happen next, this is the important part, this is the part that requires precision.
Real masters in this game trade with the trend not against it.
  • #377
  • May 17, 2020 7:50am May 17, 2020 7:50am
Quoting STrading
{quote} For me trading with precision is telling the market will break this support/resistance and will reverse or will continue, is telling in the long term it will go in this direction and this is their target, in the short term it will do this. You have showed charts where it is more than obvious that there will be a stop hunt, but what will happen next, this is the important part, this is the part that requires precision. Real masters in this game trade with the trend not against it.
I do not look for a trend as I do not believe they exist, only price moving from one area of interest to another.
I do however favour a reversal back into a recent direction that is favourable with a higher time frame.
This may be contrary to an even higher time frame.
So which time frame is the true trend, H1 could be long, H4 short and D ranging, what is the trend?
  • #378
  • May 17, 2020 2:24pm May 17, 2020 2:24pm
Quoting moodybot
{quote} I do not look for a trend as I do not believe they exist, only price moving from one area of interest to another. I do however favour a reversal back into a recent direction that is favourable with a higher time frame. This may be contrary to an even higher time frame. So which time frame is the true trend, H1 could be long, H4 short and D ranging, what is the trend?
The true trend is in the direction where smart money is accumulating positions.
  • #379
  • May 17, 2020 2:46pm May 17, 2020 2:46pm
Quoting STrading
{quote} The true trend is in the direction where smart money is accumulating positions.
The true trend is the direction that my brain-farting bias dictates to me.
  • #380
  • May 17, 2020 2:57pm May 17, 2020 2:57pm
Lol.. My hair is in curlers..I can't make that decision!
Thats real dude
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