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Real or Algo

  • #381
  • May 17, 2020 3:21pm May 17, 2020 3:21pm
Quoting 99problems
{quote} The true trend is the direction that my brain-farting bias dictates to me.
Yes that also works.
Long fart go long
Short fart go short
No fart no trade
If its a double fart double the position
  • #382
  • May 17, 2020 3:31pm May 17, 2020 3:31pm
Quoting STrading
{quote} Yes that also works. Long fart go long Short fart go short No fart no trade If its a double fart double the position
Hope you're not gonna go down the liquidity road with that one lol
  • #383
  • May 17, 2020 8:46pm May 17, 2020 8:46pm
Well known mistake from a newbie....
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  • #384
  • May 18, 2020 5:13am May 18, 2020 5:13am
Quoting RickM
Hi Traders Don't forget to watch the magic the Algo will show us soon Very soon {image}
Incredible accuracy, there seems to be a reversal to 129.30
  • #385
  • May 18, 2020 10:41am May 18, 2020 10:41am
Clear targets above, potential validation in play now, but we'll wait to see.
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  • #386
  • May 18, 2020 12:41pm May 18, 2020 12:41pm
Quoting forrestang
Clear targets above, potential validation in play now, but we'll wait to see. {image}

I'm not disagreeing - but why that one and not RickM's target (which is significantly lower) ?


Or is this a situation where both can be true, but the Upper target must be cleared out first?
  • #387
  • May 18, 2020 1:25pm May 18, 2020 1:25pm
Quoting almo
{quote} I'm not disagreeing - but why that one and not RickM's target (which is significantly lower) ? Or is this a situation where both can be true, but the Upper target must be cleared out first?
Wider view... Are you talking about those two down below?
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  • #388
  • May 18, 2020 1:37pm May 18, 2020 1:37pm
Quoting forrestang
{quote} Wider view... Are you talking about those two down below? {image}


Yes - RickM's had a red line at approx 128.314
  • #389
  • May 18, 2020 1:46pm May 18, 2020 1:46pm
Quoting almo
{quote} Yes - RickM's had a red line at approx 128.314
Probably a bit presumptive of me, but I was thinking the more likely direction was up, as I was thinking after cleaning out this current target that might be the case... so only had the targets above in view.

Doesn't matter either way though, either trade will require moving to the target first
  • #390
  • May 18, 2020 4:25pm May 18, 2020 4:25pm
Quoting forrestang
{quote} Probably a bit presumptive of me, but I was thinking the more likely direction was up, as I was thinking after cleaning out this current target that might be the case... so only had the targets above in view. Doesn't matter either way though, either trade will require moving to the target first
The big players think long term but destroy retail traders short term.
Trading thin liquidity at the boundary of the charts
  • #391
  • May 19, 2020 4:08am May 19, 2020 4:08am
Quoting moodybot
Well known mistake from a newbie.... {image}
The end of a trend is a start of a new trend haha, Algo seems to be predictable.
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  • #392
  • May 19, 2020 4:36am May 19, 2020 4:36am
Quoting MarkStep
{quote} The end of a trend is a start of a new trend haha, Algo seems to be predictable. {image}
Something appears to be predictable, ask Rick. How he knew that the big boys would be mopping up the last of the shorts and then hit profit release exactly there is anyone’s guess...unless of course it was a predictable psychological reference point preplanned by the mob that Rick had sneakily worked out, and he then gave out the coordinates for all to see way ahead of time. There aren’t that many able to post that setup. Most just throw darts.

Rick, that was top bombing!
  • #393
  • May 19, 2020 8:35am May 19, 2020 8:35am
Quoting MarkStep
{quote} The end of a trend is a start of a new trend haha, Algo seems to be predictable. {image}
I do not agree with you about that. The end of a trend just indicates that the market enters the temporary balance, and it will move in a range before creating new direction (new trend).
Almost EA work good on trending market and fail in range-bound market. And in almost time, market is range-bound market
  • #394
  • May 19, 2020 4:37pm May 19, 2020 4:37pm
Just another day in the world of FX
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  • #395
  • May 19, 2020 8:31pm May 19, 2020 8:31pm
Quoting moodybot
Well known mistake from a newbie.... {image}

Out of interest, the newbie who came up with that quote......Paul Tudor Jones..
  • #396
  • Edited May 23, 2020 4:19am May 22, 2020 6:45pm | Edited May 23, 2020 4:19am
another day in FX
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  • #397
  • May 23, 2020 8:25am May 23, 2020 8:25am
Quoting TimeTells
another day in FX {image}
Its been my experience due to the triangular nature of how currency moves, when you see your pattern as you posted, you typically will see moves on two different pairs of this triangle.


Ie - you posted EC, and the moves are seen in UC and EU
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  • #398
  • May 23, 2020 1:53pm May 23, 2020 1:53pm
I believe in real and manual trading analysis. Algorithmic trading only when you are very sure about your trading strategies. Otherwise newbies please stay away from algo trading.
  • #399
  • May 23, 2020 3:58pm May 23, 2020 3:58pm
Hi All

Hope all's well.

I thought I would place a link on this thread to a recent post made by George on his own thread.
It's quite an important post.
In my view the most important post ever placed on Forex Factory.

Quite simply, it proves beyond all doubt the voodoo expressed elsewhere that the markets that we trade are a natural breathing entity.
It also proves beyond all doubt the voodoo belief that supply and demand drive's these markets.

Here is the link.

https://www.forexfactory.com/showthr...4#post12959314
  • #400
  • May 23, 2020 6:43pm May 23, 2020 6:43pm
Quoting moodybot
Hi All Hope all's well. I thought I would place a link on this thread to a recent post made by George on his own thread. It's quite an important post. In my view the most important post ever placed on Forex Factory. Quite simply, it proves beyond all doubt the voodoo expressed elsewhere that the markets that we trade are a natural breathing entity. It also proves beyond all doubt the voodoo belief that supply and demand drive's these markets. Here is the link. https://www.forexfactory.com/showthr...4#post12959314


Howdy Andy ,,
Thank u for ur Honest and kind words ,,,

I could NOT agree more ,,,

I have been saying for a long time now ( since we met of course ) that ,,
In my honest and humble opinion ,,,
The reason why ,, lets say 80% of traders around the world are NOT achieving over 90% CONSISTENT STRIKE RATE ,,, IS BECAUSE ,,,
EVERYONE IS CHASING THE SECRET IN THE WRONG PLACE ,,,,
EVERYONE IS CHASING IT IN THE PRICE ,,,,
That is TOTALLY wrong in my opinion ,,, and,,,
Based on my deep findings and theories ,,,,

As long as they CONTINUE to stay there ,,
They will NEVER achieve a high consistency strike rate ,,
They will continue to trade on HOPE ,, and GUESSING ,,,
Basing their decision on USELESS INDICATORS ! ! !

As you and all of the fellow traders that are close to me ( who I call my INNER CIRCLE ) ,,, have seen time after time ,,,
Even Until Yesterday with that setup upi have shared the link to ,,,
THE SECRET IS HELD IN THE ,,
PSYCHOLOGY APPLIED TO PRICE ACTION BY THE MARKET MAKER ! ! ! !

I hope fellow traders will WAKE UP to this REALITY ,, and ,,
STOP WALKING BLINDLY in this amazing game ,,,,
Lead by the LIES fed to them by the IGNORANT AEDICATORS ! ! !

Sorry sir ,,
Could NOT help BUT ,, Had to add this to what U have stated ,,,,

Cheers
George
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
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