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  • #521
  • Jun 18, 2020 9:53am Jun 18, 2020 9:53am
[quote=RickM;13012594]Hi Guys I get many questions asking me how to handle a Grind when it just doesn't stop at targets but keeps moving higher or lower. On the Target theory, we hope price hits a target to the pip then reverses but as most traders know, many times it just keeps on grinding. Here is one of my low risk methods I u {image}[/quot

Hi Rick, thanks for your always very valid input.
Didn't you find the target on GU ideal?
I watched GJ and OJ all day and was waiting for Algo's move to make my trade which I ran on the GU target at 1.24542 taking 15 pips.
If you have not considered it good, could I know why? Is opening NY a reason?
What do you think of the movement to clean up some orders at the London opening?
What I expected today was a cleanup to the minimum and then went to take London instead was the opposite.
Thanks
Francesco
  • #522
  • Jun 18, 2020 12:58pm Jun 18, 2020 12:58pm
Hi Guys,

Would you give me an example for boundless mindset about trading please?
I would like to confirm I am doing the right way to boundless mindset and trading.
For example, I think just get ready to trade what market gives the trade no matter the direction of the "trend".
Sorry for the English.

Thanks,
Tiejun
  • #523
  • Jun 18, 2020 6:04pm Jun 18, 2020 6:04pm
Quoting RickM
Hi Guys I get many questions asking me how to handle a Grind when it just doesn't stop at targets but keeps moving higher or lower. On the Target theory, we hope price hits a target to the pip then reverses but as most traders know, many times it just keeps on grinding. Here is one of my low risk methods I use when I see a large aggressive grind approaching a Target - especially a grind after a recent news event like tonight... {image}
Hi Rick, thank you for sharing some nice stuff!

May I ask you if 133.49 was a target for you today? It was on my chart as a low of daily bar and a swing point. Yet it failed to hold the price and bounce it back. I tried to use your method on this level with HA bars, but either I don't quite understand what you mean, or maybe my HA is not a good enough substitution for APB, as I have a bounce off of the level with closing above the opening of the crossing bar. Yet, it failed to bounce up. Maybe we need to see a change of a color in HA/APB with a close above?
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2020-06-18 at 6.02.22 PM.png Size: 47 KB


I'm not criticizing, please don't get me wrong, only trying to see if I'm missing something! It might be not a level at the end of the day

Thank you in advance!
  • #524
  • Jun 19, 2020 1:01am Jun 19, 2020 1:01am
Quoting phi1ipp
{quote} Hi Rick, thank you for sharing some nice stuff! May I ask you if 133.49 was a target for you today? It was on my chart as a low of daily bar and a swing point. Yet it failed to hold the price and bounce it back. I tried to use your method on this level with HA bars, but either I don't quite understand
Hi Phi1ipp, my iterpretation of that level is that it was good but at a different time of day.
When it was broken it was a few minutes before NY opened then before they moved.
How was Adr at that moment?
Another thing that made me think was the movement of about 60 pips in search of the Londo Open.
Last thing if you look at OJ at the same time he had more space and before reaching the objectives he still had grindstones. Consequently in my modest experience on GJ he would have run longer to wait for OJ to finish the job.
At this point with these different factors I preferred not to enter.
Last thing I had no TMA zone in GJ at level 133.497 m I had it lower.
I preferred OJ yesterday, which gave me a clearer entry.
This is my interpretation of yesterday.

Francesco
  • #525
  • Jun 19, 2020 2:10am Jun 19, 2020 2:10am
Quoting phi1ipp
{quote} Hi Rick, thank you for sharing some nice stuff! May I ask you if 133.49 was a target for you today? It was on my chart as a low of daily bar and a swing point. Yet it failed to hold the price and bounce it back. I tried to use your method on this level with HA bars, but either I don't quite understand what you mean, or maybe my HA is not a good enough substitution for APB, as I have a bounce off of the level with closing above the opening of the crossing bar. Yet, it failed to bounce up. Maybe we need to see a change of a color in HA/APB...
Hi phi1ipp

You missed the word "thrust" candle which means I need to see a candle that thrusts up with momentum above the open of that primary low candle.
Ideally it should close with little or no upper wick. Take a look at the work from Diverence's work over in the "Plan to Trade" thread to see how he looks for a thrust candle at the end of a 123 setup.

When trading with APB bars, we need to see momentum.

I did have one of my EA's take some trades on that evening, I do run a small portfolio of EA's on top of my manual trading.
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Trading thin liquidity at the boundary of the charts
  • #526
  • Jun 19, 2020 2:31am Jun 19, 2020 2:31am
Quoting FrancescoDTM
Quoting RickM
Hi Guys I get many questions asking me how to handle a Grind when it just doesn't stop at targets but keeps moving higher or lower. On the Target theory, we hope price hits a target to the pip then reverses but as most traders know, many times it just keeps on grinding. Here is one of my low risk methods I u {image}[/quot Hi Rick, thanks for your always very valid input. Didn't you find the target on GU ideal? I watched GJ and OJ all day and was waiting for Algo's move to make my trade which I ran on the GU target at 1.24542
...
Hi Francesco

I no longer trade GU so didn't see the setup.

Looking now. it was a great setup

EXCEPT RED NEWS A FEW HOURS EARLIER could of been a problem. Personally I try to avoid trading targets close to major news because there can be too many aggressive orders that could swamp any setup.
Attached Image (click to enlarge)
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Trading thin liquidity at the boundary of the charts
  • #527
  • Jun 19, 2020 2:39am Jun 19, 2020 2:39am
Quoting RickM
{quote}{quote} Hi Francesco I no longer trade GU so didn't see the setup. Looking now. it was a great setup EXCEPT RED NEWS A FEW HOURS EARLIER could of been a problem. Personally I try to avoid trading targets close to major news because there can be too many aggressive orders that could swamp any setup. {image}
Thanks for your opinion, I really appreciate.
In the last week I have deepened the topic "Price - Structure - Flow" and now I can see much better the ideal formation of the grinding and the gaps.
I found it very useful and I recommend it if you want to deepen your vision of M1.
  • #528
  • Jun 20, 2020 7:57am Jun 20, 2020 7:57am
Quoting RickM
{quote} I did have one of my EA's take some trades on that evening, I do run a small portfolio of EA's on top of my manual trading. {image} {image}
Hi Rick,

Dedicated the yesterday evening to build and play with my EA. Obviously confirmed that a grinder is a killer for an EA which might be built for the boundaries bounce. But as George says, nothing can substitute screen time or your own research. So I bet, your EA should have some sort of protection against those events, or you maybe let it run after certain conditions are met during the day.

Quoting FrancescoDTM
{quote} When it was broken it was a few minutes before NY opened then before they moved.
How was Adr at that moment? Another thing that made me think was the movement of about 60 pips in search of the London Open.
Oh, I see, what you are saying... It was indeed just 60 pips on the table by that time, out of regular daily ~150. So London session was unusually tight, if that is what you meant. Mi dispiace non ho capito la tua idea

Though I found, that % of ADR doesn't really help to avoid grinders, as my research showed, that we can hit one even after 100% of ADR is done. Good checkbox to tick, before taking a trade, nevertheless.

Quoting FrancescoDTM
{quote}
Last thing if you look at OJ at the same time he had more space and before reaching the objectives he still had grindstones. Consequently in my modest experience on GJ he would have run longer to wait for OJ to finish the job.
At this point with these different factors I preferred not to enter.
Last thing I had no TMA zone in GJ at level 133.497 m I had it lower.
As I'm practicing, I only focus on one pair, so can't really onboard this condition of a correlation. But the fact that you didn't have ~133.50 is quite interesting, as per the screenshot attached it should be, unless I'm totally lost...
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2020-06-20 at 7.56.53 AM.png Size: 63 KB
  • #529
  • Jun 20, 2020 8:42am Jun 20, 2020 8:42am
Quoting phi1ipp
{quote} As I'm practicing, I only focus on one pair, so can't really onboard this condition of a correlation. But the fact that you didn't have ~133.50 is quite interesting, as per the screenshot attached it should be, unless I'm totally lost... {image}
Hi Phi1ipp,
I apologize for my english but it is not my first language as you have imagined

What I meant about level 133.50 is that at the time of the breakup I didn't take it into account for several reasons. It was a good level but only if confirmed by other factors that I list below.

The first was the ADR which made me assume a continuation of the price since it still had room for maneuver.

As a second clue that I went to use it was the minimum that was created at 13:30 with the consequent rebound in pursuit of the London opening.
That morning I expected a cleaning of level 1.3350 and then see a swing until the opening of London but it happened differently as you can see.
When algo then returned to the lows and 1.3350 I thought he wanted to continue.

Another clue gave me my TMA settings which at the time of the break were not aligned with the target levels.

Another clue was given to me by the OJ which at the exact same moment of the breakdown did not have a target zone in the vicinity.

At that point I thought that GU should run again and that the level of GJ would not be enough to reverse the trend.
These two couples are very correlated so I look at them together.
The next targets, on the other hand, were perfect with TMA confirmed and with GU that had reached its target level (133.088).

The only doubt could have been with NY open but the strong movement (40pips) in 3 minutes confirmed to me that it would reverse.

How does George explain if in 3 min the price makes 40 pips how many will he make in a 15 min bar? 200?

How many 200 bars have you seen in a chart?

Very unlikely isn't it?

I hope I have explained myself better.
  • #530
  • Jun 20, 2020 9:55am Jun 20, 2020 9:55am
Grazie Francesco,

That was quite a thorough explanation! Obviously, I could not absorb all your wisdom at my level, but some components do click for me as well. I hope it will help other traders as well.

Also an interesting threat "Price-Structure-Flow", which confirmed some of my findings I was glad to find out a theoretical base behind my observations.

The journey continues...

Regards,
Philipp
  • #531
  • Jun 23, 2020 6:11am Jun 23, 2020 6:11am
Is this a regular contradiction of momentum? I'm not sure if I understood that correctly in George's thread.
Attached Image (click to enlarge)
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  • #532
  • Jun 23, 2020 6:49am Jun 23, 2020 6:49am
Quoting Chris.GER
Is this a regular contradiction of momentum? I'm not sure if I understood that correctly in George's thread. {image}
I believe so, but I'm not 100% sure.
I too am trying to understand what George means.
From the movement created on level 1.24361, it would seem so.
Let's see if someone helps us
  • #533
  • Jun 23, 2020 3:47pm Jun 23, 2020 3:47pm
Quoting Chris.GER
Is this a regular contradiction of momentum? I'm not sure if I understood that correctly in George's thread. {image}
I already asked this question to George, here is what he answered me:
We use the 7 in relationship to the 20 ,,, then ,,
we use the 20 in relationship to the 200 ,,,
That is MY THEORY ,,,
That is the BASIC IDEA ,,,
one smart young man added that it is important where the price is relative to MA .. can we solve this riddle together?

Cheers Mike
  • #534
  • Edited 5:46pm Jun 23, 2020 4:54pm | Edited 5:46pm
Quoting Chris.GER
Is this a regular contradiction of momentum? I'm not sure if I understood that correctly in George's thread. {image}
Hi Chris

In my opinion, it’s the relationship between price momentum and exhaustion.
When is momentum allowed to exist before price exhaustion creates an imbalance in liquidity.
The contradiction for me is the movement of price that creates momentum into the abyss.

Cheers
Trading thin liquidity at the boundary of the charts
  • #535
  • Jun 24, 2020 6:17am Jun 24, 2020 6:17am
Beautiful hunt for a Gap on EU this morning.

I was waiting for the cleaning of the 3 levels just above but at some point there was a sudden and unexpected acceleration.

Then wondering why I noticed that little gap and I thought Algo wanted to close it.

So it was!

In hindsight, I certainly could have taken more, but I'm happy for today.


You have to look at every little detail, but it's all under our eyes!

Cheers

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  • #536
  • Jun 24, 2020 6:58am Jun 24, 2020 6:58am
STILL LEARN AND SCREENING TIME
Attached Image
  • #537
  • Jun 24, 2020 10:06am Jun 24, 2020 10:06am
GJ is really tight today, it's scary to take a trade, as it may turn out to be a grinder... But in a range market, TMA border bounce, seems, works really nice. The only one thing is - you never know when it's not a bounce Observing this picture, it seems like, there might be a bunch of traps set for shorts above those tops. Just watching and waiting for the picture to unfold.
Attached Image (click to enlarge)
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  • #538
  • Jun 24, 2020 10:28am Jun 24, 2020 10:28am
Quoting phi1ipp
GJ is really tight today, it's scary to take a trade, as it may turn out to be a grinder... But in a range market, TMA border bounce, seems, works really nice. The only one thing is - you never know when it's not a bounce Observing this picture, it seems like, there might be a bunch of traps set for shorts above those tops. Just watching and waiting for the picture to unfold. {image}
What I noticed to remedy this concern of yours, which was also mine until recently, was to take the so-called George Zones as safe as possible for me.

I have seen that very often M15 daily areas are almost never found in my TMA and are very weak and it is very easy to fall.

What I do now is to observe H1 very well and if some level in M15 results in my TMA before considering a trade I analyze very well at what time of day I am.

George often says that M1 is inside M15 which is inside H1 which is inside H4 ...

This is very important from what I understand.

The levels I have on GJ today are 133,991 and 132,604 with several neighboring levels that are likely to be broken all together.

The opinion of some expert would be very interesting

Cheers

Francesco
  • #539
  • Jun 24, 2020 10:40am Jun 24, 2020 10:40am
Indeed would be interesting to hear masters! Those levels plotted on my chart are H1 tops though. And totally understand your choice of previous H4/D swings. While writing, one of my H1 levels got broken inside the TMA, which I ignore.
  • #540
  • Jun 24, 2020 10:50am Jun 24, 2020 10:50am
Quoting phi1ipp
Indeed would be interesting to hear masters! Those levels plotted on my chart are H1 tops though. And totally understand your choice of previous H4/D swings. While writing, one of my H1 levels got broken inside the TMA, which I ignore.
Another filter that I adopt is to take only the levels never touched by the price.
So only maxima and minima never intercepted.

Attached Image (click to enlarge)
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This is my vision, right or wrong that it is ..
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