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Real or Algo

  • #481
  • Jun 3, 2020 9:46pm Jun 3, 2020 9:46pm
Quoting haliss
{quote} Not so easy.. And in the meantime if you have a position, explain it. Everyone else is sharing their point of view. Not sharing their trades. I think it is rude, and does not meet with the purpose of this thread.
Explaining the details of a trade on this thread is entirely up to the individual and not a prerequisite.
With respect I have minimised your post.
  • #482
  • Jun 3, 2020 9:49pm Jun 3, 2020 9:49pm
Quoting RickM
{quote} GBPJPY Nice setup tonight for a buy at day low for the Algo hunters Two nice setups for Buys for the M1 Boundary Hunters Nice 100 pips for the Range Traders if we had a Buy Bias ( I was greedy tonight ) Perhaps a Herd box below - even thought I still fancy another move long 300 pips this month. Who said you can't trade just one pair (I do like a few others but keep it quiet) and make a wage. {image}
yes, I traded those. if i get lost i always refer back to the first hour of the day.
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  • #483
  • Jun 3, 2020 10:23pm Jun 3, 2020 10:23pm
24/7 algorithmic.
  • #484
  • Jun 4, 2020 7:40am Jun 4, 2020 7:40am
Quoting RickM
Hi Traders Don't forget to watch the magic the Algo will show us soon Very soon {image}

I think this is the next ultimate target

Since I can't post anything better than what RickM has already said - I am re-posting his post.
  • #485
  • Jun 4, 2020 8:13am Jun 4, 2020 8:13am
Algos do the news ???
"ECB Governing Council Press Conference - 04 June 2020" at the moment. I don't understand everything ECB President Christine Lagarde says. But I see what the chart is doing. Two nice bounces of Georges M1 TMA outer lines.
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  • #486
  • Jun 4, 2020 8:28am Jun 4, 2020 8:28am
Quoting Chris.GER
Algos do the news ??? "ECB Governing Council Press Conference - 04 June 2020" at the moment. I don't understand everything ECB President Christine Lagarde says. But I see what the chart is doing. Two nice bounces of Georges M1 TMA outer lines. {image}
Hi Chris

Yes great Clean out tonight on GBPJPY - I reckon George still has a smile on his face.

I took a nice three trade basket for 97 pips, first trade hit 13 pip Drawdown which is acceptable.
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Trading thin liquidity at the boundary of the charts
  • #487
  • Jun 4, 2020 9:02am Jun 4, 2020 9:02am
Enjoyable day trading on the GJ - gaps on tick charts - anybody like trading those
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  • #488
  • Jun 4, 2020 2:00pm Jun 4, 2020 2:00pm
here is one more confirmation that the 3rd wave is finished and can be sold (in addition to Fibo, the rebounds are between 50 and 61%)
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  • #489
  • Jun 4, 2020 2:27pm Jun 4, 2020 2:27pm
Quoting RickM
{quote} Hi Chris Yes great Clean out tonight on GBPJPY - I reckon George still has a smile on his face. I took a nice three trade basket for 97 pips, first trade hit 13 pip Drawdown which is acceptable. {image}
beside this , just missed a target by 5 pips for the second time and it was 5 points for the first time.....
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  • #490
  • Jun 4, 2020 2:55pm Jun 4, 2020 2:55pm
Quoting mik2012
here is one more confirmation that the 3rd wave is finished and can be sold (in addition to Fibo, the rebounds are between 50 and 61%) {image}
I remember George also mentioned the Fib Extension 127%. Let's see what happens.
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  • #491
  • Jun 4, 2020 3:26pm Jun 4, 2020 3:26pm
Quoting Chris.GER
{quote} I remember George also mentioned the Fib Extension 127%. Let's see what happens. {image}
yes ... and I also had in mind the merger of two Fibo around MA200
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  • #492
  • Jun 5, 2020 3:50pm Jun 5, 2020 3:50pm
Fibs again - sorry I hope I don't annoy you Andy in your threat.
I am impressed with the Fib Extensions. I never really took care of Fibos. Do the Algos use Fibonacci?

Regards Chris
Attached Image (click to enlarge)
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  • #493
  • Jun 5, 2020 4:27pm Jun 5, 2020 4:27pm
Quoting moodybot
{quote} 1.26457 may be a target and if it does get there, there is a non interlocking gap above that they may target and fill,..
Hi All

Hope you all had a great week....

Just a few thoughts here with GU and how I think it eventually played out.

Initial target of 1.26457 taken out, then price as usual headed short then back to long trapping the usual support/resistance guys, creating fear and panic in both camps.
Those who had looked further back (March) and who had read Georges thread would have been aware of the non interlocked gap, this miraculously was taken out....providing safe decent pips on the reversal.

My wet stone dry stone indicator foretold that enough money would be pumped into the market (supply and demand) and our friendly Algo..(Market Maker) would respond and push price up to the gap...(supply and demand) it's just amazing how they managed to get just the right amount of money (supply and demand) into the market to create the stop and reverse after taking it out....

Of interest above the gap there are further historical anomalies that the (Algo) Market maker may look to exploit...... once price gets there, and that is entirely up to the Algo, just enough money (supply and demand) will again be floating around to bounce long and short off of the anomalies (support and resistance) and take out or create herd mentality with the high showing on the chart.

When will they take price there, no idea, will wait and see where price heads off to next week.

Andy
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  • #494
  • Jun 5, 2020 4:41pm Jun 5, 2020 4:41pm
Quoting Chris.GER
Fibs again - sorry I hope I don't annoy you Andy in your threat. I am impressed with the Fib Extensions. I never really took care of Fibos. Do the Algos use Fibonacci? Regards Chris {image}

All good Chris, whatever works for you.
The thread isn't showing a particular method, just a collection of ideas.

I would say price hitting a target at or around an extended fib may prove interesting...look back in time and see if the extension matches up to an (anomaly)!
My personal take of the Algorithm is that it is mathematical...to what extent I don't know, fibs do work, like support and resistance...but only some of the time.
I still prefer previous areas of interest as my go to method and fibs will fit, as will (support resistance, supply demand) theory...but again, only some of the time..

Andy
  • #495
  • Jun 5, 2020 8:56pm Jun 5, 2020 8:56pm
Quoting RickM
{quote} Hi Chris I always look at the big picture the Algo has planned for us first. The line chart is its map - its manipulation turning points that act like river beds where water can flow through either fast or slow, long or short. We are in a large River with no boulders (little resistance) and the water is wide and running very fast. This channel is 418 pips wide - still 320 pips to go if it decides to destroy some more Sellers Equity. But if we looked, we would have known this. {image}
Sorry Guys

Looks like I wasn't precise enough with my 320 Pip Call.
It ran 321 pips then reversed.

I must be more accurate next time
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Trading thin liquidity at the boundary of the charts
  • #496
  • Jun 5, 2020 9:01pm Jun 5, 2020 9:01pm
Quoting RickM
{quote} Sorry Guys Looks like I wasn't precise enough with my 320 Pip Call. It ran 321 pips then reversed. I must be more accurate next time {image}
Just a poor effort Rick...
  • #497
  • Jun 6, 2020 12:11am Jun 6, 2020 12:11am
Quoting RickM
{quote} Sorry Guys Looks like I wasn't precise enough with my 320 Pip Call. It ran 321 pips then reversed. I must be more accurate next time {image}
- X -
  • #498
  • Jun 6, 2020 2:32am Jun 6, 2020 2:32am
Real or algo? Let me think
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  • #499
  • Jun 6, 2020 3:15pm Jun 6, 2020 3:15pm
Quoting RickM
{quote} Sorry Guys Looks like I wasn't precise enough with my 320 Pip Call. It ran 321 pips then reversed. I must be more accurate next time {image}
Very sloppy Rick
  • #500
  • Edited 5:43pm Jun 6, 2020 5:22pm | Edited 5:43pm
Quoting hepsibah
Real or algo? Let me think {image}
Hello hepzibah, I also find USDCAD very interesting. And when I zoom in on the chart (M15) I see a lot of Algo and Market Maker games.

Regards Chris
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