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Real or Algo

  • #561
  • Jun 27, 2020 8:18pm Jun 27, 2020 8:18pm
Quoting Merka
{quote} What about if you face a huge trend against? Any entry on the wrong side of TMA is a suicide no matter on which banbs are you entering.
Hi Merka

You are correct 100%, which is why I don't trade the Tmatrue.ex. You are talking about those nasty Aggressive Type A Grinds which I will not trade.

I trade the Grind shape after it is developed. I don't look at the ADR but wait for the first pullback to identify which Grind type I am dealing with. Its all about the relationship of density between the current market orders being applied to the market and the density of passive limit orders currently sitting on the market.

So trade only after Grind type has been established.

Aggressive Grind A - No trade
Aggresive Grind B - Trade only Exhaustion after a Target has been hit.
Passive Grind A - 1. Target 2. TMA
Passive Grind B - 1. Target 2. Any Lower low or Higher high plus 5-10 pips

ADR is IRRELEVANT to achieving great profitability, Understanding the Grind Type is the most over riding factor in achieving good profitability for M1 Reversal traders.

In my opinion which may or may not be worth much to some traders.
Trading thin liquidity at the boundary of the charts
  • #562
  • Jun 27, 2020 8:31pm Jun 27, 2020 8:31pm
Quoting mik2012
{quote} you're right, Rick! But on Friday the range of the Asian session was only 30 pips ... MAs were straightened for sale and a good target at 131.810, although the price did not reach there, well, almost reached)). You can put a small lot, stop at breakeven and close the computer until the evening! But we are not looking for easy ways! Cheers Mike
Hi Mike

Yes, but trading this plan last week, we would have Three Losses and only Two winners.
That's not smart in my books.
If it was that easy, we would all be rich.

Dam shame trading isn't that easy.
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Trading thin liquidity at the boundary of the charts
  • #563
  • Jun 28, 2020 2:03am Jun 28, 2020 2:03am
Quoting RickM
{quote} Hi Mike Here is an EA I use for testing at the end of the week to test the recent action. Here this EA Buys on a cross of the TmaTrue.ex 60/6/120 without including targets. All this info goes onto a spread sheet to develop more accurate figures for my future use. Here we can see a nice hit after "E" and the final push down to a target near days end. I don't use 127% that Chris uses but George's additional bands he talks about on his thread. You would have to ask him if he wishes to share them. {image}

Rick, I want to clarify, I got confused in the letters, where you have E, Francesco D. I wanted to find out what kind of extension you had in mind .. When the price repeatedly returned to 14 TMA George or within your Target, where the yellow line crosses purple (target), your last trades? In a word, the extension between two red dots or between blue and red?
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  • #564
  • Jun 28, 2020 3:03am Jun 28, 2020 3:03am
Quoting phi1ipp
{quote} Hi Francesco, very kind) {image}
The trade after D in hindsight would have been excellent.

At the moment I'm still studying these conformations because I often see them but I'm still not sure of myself to be able to trade them.

B-C I didn't consider them because the thrust was not the ideal one.

If you look closely, the candles retrace and fill the gaps.

Last thing as George said we were facing a Grind day and especially on these days it is better to take only the trades with greater success %.


I am very happy that George is able to dedicate time to us again and for this I thank him!
I can't wait to read some of his posts!
Thank you George.

Cheers

Francesco
  • #565
  • Jun 28, 2020 4:09am Jun 28, 2020 4:09am
Again about the extension ... is there any sense here? Those who trade in the Elliott Waves call this expansion in the 3rd wave. Explain to me what extension George mentions?
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  • #566
  • Jun 28, 2020 5:09am Jun 28, 2020 5:09am
Just a quick comment...
Thanks to all traders for taking the time to post comments, charts etc. Some great work over the last few days.

Special mention to George who I have it under very good authority will once again be posting here, and abroad on his own thread, to pertinent questions that he feels require an explanation or just a damn good rollicking!!!.

In joint command is Rick who offers a different but nonetheless awesome take on trading reversals. There is enough info already on this thread to seriously improve the success rate to any trader who takes the time, is open minded and ready to dump the doctrine written elsewhere.

If either of these two traders place a post, take notice!

I wish I had this thread over 10 years ago.. would have saved a great deal of time..

To the other traders that I have not mentioned but are posting...keep doing so, it opens up debate and adds serious value to the thread.

Andy.
  • #567
  • Jun 28, 2020 5:11am Jun 28, 2020 5:11am
Quoting mik2012
{quote} Rick, I want to clarify, I got confused in the letters, where you have E, Francesco D. I wanted to find out what kind of extension you had in mind .. When the price repeatedly returned to 14 TMA George or within your Target, where the yellow line crosses purple (target), your last trades? In a word, the extension between two red dots or between blue and red? {image}
Hi Mike

I got confused as well, E should have been D. Chart now amended.
Price limiting by the Algo occurs any where on a chart and has nothing to do with ADR. So both Red dots was the zone for the Algo to pull back price.
It often matches the "14" band on GBPJPY so its the WIDTH of movement, not the length of movement.

Cheers.
Trading thin liquidity at the boundary of the charts
  • #568
  • Jun 28, 2020 5:11am Jun 28, 2020 5:11am
Quoting mik2012
Again about the extension ... is there any sense here? Those who trade in the Elliott Waves call this expansion in the 3rd wave. Explain to me what extension George mentions? {image} {image}
Mik, I think, a price extension is when a price goes too far away from its MA and hit TMA band eventually.
  • #569
  • Jun 28, 2020 5:32am Jun 28, 2020 5:32am
Quoting RickM
{quote} Hi Mike I got confused as well, E should have been D. Chart now amended. Price limiting by the Algo occurs any where on a chart and has nothing to do with ADR. So both Red dots was the zone for the Algo to pull back price. It often matches the "14" band on GBPJPY so its the WIDTH of movement, not the length of movement. Cheers.
That's it, I figured it out, I looked at your posts about type A and B grind. First comes Grind A or tight orders, we don’t trade there. Then comes expansion (Ginnd B) and you wait for the first hang up .... from TMA George 10 ,14,18 And this happens fractally, This is the third Elliott Wave...
Thank you Rick!!!
  • #570
  • Jun 28, 2020 5:37am Jun 28, 2020 5:37am
Quoting mik2012
{quote} That's it, I figured it out, I looked at your posts about type A and B grind. First comes Grind A or tight orders, we don’t trade there. Then comes expansion (Ginnd B) and you wait for the first hang up .... from TMA George 10 ,14,18 And this happens fractally, This is the third Elliott Wave... Thank you Rick!!!
Ahh...expansion that leads to exhaustion...shh!!!
  • #571
  • Jun 28, 2020 2:33pm Jun 28, 2020 2:33pm
Hi everyone..!
I'm new to George's Thread. I'd read a few initial posts from George. On that basis, I just tried to found some Herd Support/Resistance Mentality Validation zones as are shown in the following chart.
As, I observed that this thread is also related to George's work. So, I put it there as a homework. Anyone can feel free to comment on it. I just want to learn more and more.
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I posted it there as I was unable to post in George's Thread.
I hope it will not pollute your thread.

Thank You.
Ahmad Hassan
  • #572
  • Edited 8:33pm Jun 28, 2020 7:41pm | Edited 8:33pm
Quoting mik2012
Again about the extension ... is there any sense here? Those who trade in the Elliott Waves call this expansion in the 3rd wave. Explain to me what extension George mentions? {image} {image}
Good morning mik ,,,
AND TO ANYONE WHO IS INTERESTED IN FINDING OUT THE REALITY OF THIS GAME ! ! ! !
I want to bring to your attention and to anyone who is interested in learning something about the REALITY ,,,

You mentioned about those who trade ELLIOT WAVES ,,,
1 ,,, Are you or anyone searching to trade some kind of guessing approach ,,, OR ,,
2 ,,, Are you interested in the REALITY ON WHICH THIS GAME IS CONSTRUCTED UPON ????

IF ,, you answer is the 2nd part ,,, then ,,,
I SUGGEST TO YOURSELF AND EVERYONE TO NOT IGNORE THE VERY POINT YOU TALKED ABOUT AS A PASSING COMMENT ,,, highlighted in red in the quote above
IT MAY SERVE YOU AND EVERYONE WITH AN EXTREMELY POSITIVE SHOCKING WAKE UP CALL ! ! !

JUST A SUGGESTION ,,,,
JUST A SUGGESTION ! ! !

Cheers
George

And just for the record ,,,
Friday being a grinding day ,, which did not have many swings ,,,
The bottom could be detected pretty accurately if one applies the proper extensions ,,,,
Which are NOT based just on Fridays action ,,,
Something that requires very deep study into fib work ,, which I can NOT explain here and publicly ,,,
Also to reply only on Fridays price action ,, then ,,
THE LOW WAS ESTABLISHED BY A MATHEMATICAL APPLICATION ,, and NOT BY SWINGS ,,,
Again ,, something I will NOT talk about publicly ,, BUT ,, Andy experienced this phenomenon first hand with me on charts ,,,
It often is the case with directional price action days ,,,
It gave me a target of 132.029 ,, The actual low was 132.043 .
PLEASE ,, KEEP YOUR FOCUS ON THE TARGETS ,,,MORE THAN FIB LEVELS ,,, AND THE TMA'S ..
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #573
  • Jun 28, 2020 9:38pm Jun 28, 2020 9:38pm
Quoting George AUS
{quote} Friday being a grinding day ,, which did not have many swings ,,, The bottom could be detected pretty accurately if one applies the proper extensions ,,,, Which are NOT based just on Fridays action ,,, Something that requires very deep study into fib work ,, which I can NOT explain here and publicly ,,, Also to reply only on Fridays price action ,, then ,, THE LOW WAS ESTABLISHED BY A MATHEMATICAL APPLICATION ,, and NOT BY SWINGS ,,, Again ,, something I will NOT talk about publicly .....
Hi George,

I saw this post of yours and I'd have to say that you DID gave us a clue on that one too
Too generous of you

Please allow me to share your posts and charts here from the other thread

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Cheers,
Al
Entities should not be multiplied without necessity - Occam's razor
  • #574
  • Edited Jun 29, 2020 1:14am Jun 28, 2020 9:48pm | Edited Jun 29, 2020 1:14am
Quoting Frosty85
{quote} Hi George, I saw this post of yours and I'd have to say that you DID gave us a clue on that one too Too generous of you Please allow me to share your posts and charts here from the other thread {image} {image} {image} {image} Cheers, Al
A very good day to u Al ,,,

Thank u for those charts ,,,
Is it not amazing how orderly this game is ????
As Andy always said ,,,
The theories we apply have NOT changed since day ONE ! ! !

Also in continuation to a post from yesterday about the signals on the charts showing us ,,,,
WHICH DIRECTION THE NEXT MOVE WILL BE ,,
Here is another perfect setup this morning on the GJ ,,,
TEXT BOOK ACTION ! ! !

Cheers
George
Attached Image (click to enlarge)
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LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #575
  • Jun 29, 2020 12:41am Jun 29, 2020 12:41am
Quoting George AUS
{quote} A very good dao tu Al ,,, Thank u for those charts ,,, Is it not amazing how orderly this game is ???? As Andy always said ,,, The theories we apply have NOT changed since day ONE ! ! ! Also in continuation to a post from yesterday about the signals on the charts showing us ,,,, WHICH DIRECTION THE NEXT MOVE WILL BE ,, Here is another perfect setup this morning on the GJ ,,, TEXT BOOK ACTION ! ! ! Cheers George {image}
I've never dealt with Elliot Waves, but I like BACK TO THE MEANS AND EXTENDING. I am impressed.

Regards Chris
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  • #576
  • Jun 29, 2020 1:19am Jun 29, 2020 1:19am
Quoting Chris.GER
{quote} I've never dealt with Elliot Waves, but I like BACK TO THE MEANS AND EXTENDING. I am impressed. Regards Chris {image}
Hello Chris ,,
I really do NOT want to get too involved in multiple replies ,,
BUT ,, just wanted to highlight something here quickly for you ,,
You need more PRECISION in your work IF i may mention ,,,
You are missing the full swings ,,,
Close enough is not good enough with ur drawings ,,,
Also , It is NOT about the means and continuations ,,,
It is all about the ROADMAP this market is constructed to ,,,
There are times when we need to use inverted fibs ,, and times when we need to use forward fibs ,,,
In the example u gave here ,, it should be the FORWARD fib ,, and NOT the inverted ,, cause it is apart of a particular action of the low of the previous day ,,,
I shall leave it at that for now ,,,

Cheers
George
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #577
  • Jun 29, 2020 1:41am Jun 29, 2020 1:41am
Quoting George AUS
{quote} Good morning mik ,,, AND TO ANYONE WHO IS INTERESTED IN FINDING OUT THE REALITY OF THIS GAME ! ! ! ! I want to bring to your attention and to anyone who is interested in learning something about the REALITY ,,, You mentioned ..
Good day George and good health to you !!! I do not trade on the Elliot Waves, only on your targets! Thank you for clarifying the target at 132.043 .. indeed 131.762 was broken, but I did not notice! Much has been said about the extension here, and I just wanted to clarify what it is with you, since I missed this point in your thread .. I remembered the expansion in the Elliot waves and thought it was the same .. just wanted to clarify.
you also mentioned Fib, I applied Fib lines and really saw 123.6% there .. if this is not a coincidence, then let it be a confirmation.
Thanks again for your time!
  • #578
  • Jun 29, 2020 2:21am Jun 29, 2020 2:21am
Quoting Frosty85
{quote} Hi George, I saw this post of yours and I'd have to say that you DID gave us a clue on that one too Too generous of you Please allow me to share your posts and charts here from the other thread {image} {image} {image} {image} Cheers, Al
Frosty85, please write a post number with these graphs?
  • #579
  • Jun 29, 2020 3:21am Jun 29, 2020 3:21am
Quoting mik2012
{quote} Good day George and good health to you !!! I do not trade on the Elliot Waves, only on your targets! Thank you for clarifying the target at 132.043 .. indeed 131.762 was broken, Thanks again for your time!
It is my pleasure Mik ,,,

I dont know where u got that 123 from ,,

This is MY FINAL COMMENT TO EVERYONE ,,,
IF ANY TRADER WANTS PRECISION DAY IN DAY OUT ,,,,
LOOKS AT THIS CHART AND IGNORES THE REALITY IT IS TELLING US ,,,,
GOOD LUCK TO THEM WITH THEIR JOURNEY ,,,
I PERSONALLY GIVE UP ON THEM ! ! !

Yes I have come up with some great things ,, and they are still great ,,, BUT ,,
What I am using now is the ULTIMATE FINDING ! ! !

Todays GJ action tells the story ,,,,
Called the run up ,, and called the run down so far ,,,

Good luck to everyone with their journey ,,

Cheers
George
Attached Image (click to enlarge)
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LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #580
  • Jun 29, 2020 9:55am Jun 29, 2020 9:55am
Hello everyone..Can anyone actually learn this?a newbie like me does even has a chance?
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