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Real or Algo

  • #621
  • Edited 6:55am Jul 1, 2020 3:44am | Edited 6:55am
The same old story unfolds again and again. In the AUDUSD chart, the white line marked the sell stops before they were taken out. The blue line marked the buy stops above. Yesterday after the stop run I placed a long trade but took profit too early. MM might be aiming for those buy stops above. Price might reach the level around 0.69450. I'm just not sure. 0.69250 looks to be a more likely target.

The blue line is not at a swing point. How do I know there are buy stops there ? Well, my orderbook tool shows it. My tool is not so good/ reliable as that of Fractalfreak. I only use it as an assisting tool.
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  • #622
  • Jul 1, 2020 5:16am Jul 1, 2020 5:16am
Whatever being placed on the chart should be to the advantage of the one who put it there - that is to look out for the best probability.
We are all seeking for a better edge to place our trade.

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check marks are for me to consider whether is it the best value to BUY or SELL.
Fib extension; 4hrs ADR, Round Number; TMA

Market does not care what I put there.
  • #623
  • Jul 1, 2020 6:42am Jul 1, 2020 6:42am
Quoting mixedbags
or have you use your chart and follow a lady who day in, night out pocketing 10 pips after 10 pips with live trade - total 100% transparent.
she said +60 pips blink of eye
  • #624
  • Jul 1, 2020 7:51am Jul 1, 2020 7:51am
Price reacted at Fib 62; 50% 4 hr ADR and at the fringe of my H1 TMA setting.
So those things that I put on the chart help me to read the chart.

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we just don't want to be caught in a suprise.

no need to give riddles, upon riddles, upon riddles just to get a high for being eccentric. Just smoke some heroin or marijuana
  • #625
  • Jul 1, 2020 9:37am Jul 1, 2020 9:37am
Quoting mixedbags
Price reacted at Fib 62; 50% 4 hr ADR and at the fringe of my H1 TMA setting. So those things that I put on the chart help me to read the chart. {image} we just don't want to be caught in a suprise. no need to give riddles, upon riddles, upon riddles just to get a high for being eccentric. Just smoke some heroin or marijuana
Hi Mixedbags

I see many traders placing indicators on a chart to help them trade but no body else knows what the hell they are doing.

So what are you actually trading?, trends, reversals, scalping, fibs, ADR, manipulation, your girl friends calls.
Please show us a trade or an entry point so we can understand what you are doing.

Cheers
Trading thin liquidity at the boundary of the charts
  • #626
  • Jul 1, 2020 9:40am Jul 1, 2020 9:40am
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when price reach here, then I must make decision. should I jump in.

But i do look at the overall strength of USD. on my laptop I have all the USD pairs for me to see the strength of usd.
  • #627
  • Jul 1, 2020 9:47am Jul 1, 2020 9:47am
Missed this one Picture perfect off of H1 target and TMA. Only missing piece is Rick's HA/APB validation
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  • #628
  • Jul 1, 2020 10:28am Jul 1, 2020 10:28am
Interesting.... trying to figure out what this Algo is up to... building up orders and then scooping them up... What would I do if I was an Algo? Where are the sheeple. More importantly how do I stop being a part of the herd of sheeple.
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  • #629
  • Jul 1, 2020 11:52am Jul 1, 2020 11:52am
Quoting mixedbags
{image} when price reach here, then I must make decision. should I jump in. But i do look at the overall strength of USD. on my laptop I have all the USD pairs for me to see the strength of usd.
Hello kind sir,where do you get those session opening indicator?could you perhaps share with us?
  • #630
  • Jul 1, 2020 4:46pm Jul 1, 2020 4:46pm
Quoting phi1ipp
Missed this one Picture perfect off of H1 target and TMA. Only missing piece is Rick's HA/APB validation {image}
Hi phi1ipp

Here is that setup on APB Bars.
Generally I only trade these when I see a very aggressive grind occurring.

Cheers
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Trading thin liquidity at the boundary of the charts
  • #631
  • Jul 1, 2020 5:16pm Jul 1, 2020 5:16pm
Quoting RickM
{quote}Generally I only trade these when I see a very aggressive grind occurring. Cheers {image}
Thank you, Rick. Did I get you right, that you would not trade this setup in the conditions present at that time? Or that you trade with APB confirmation, only when aggressive grind is in place?
  • #632
  • Jul 1, 2020 5:17pm Jul 1, 2020 5:17pm
I AM THE ALGO!
Oh, wait, nope, i was asleep and missed the US session trade today.
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  • #633
  • Jul 1, 2020 5:23pm Jul 1, 2020 5:23pm
Quoting erann
{quote} Hello kind sir,where do you get those session opening indicator?could you perhaps share with us?
Market Panel Display Controller cycle.mq4
  • #634
  • Jul 1, 2020 5:31pm Jul 1, 2020 5:31pm
The indicators I added are mostly static lines. I incorporated them as a visual guide to make decision. I still need to make decision and take responsibility of the trade, not the indicators, whatever they are.

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looking at the strength of cross pair or taking a hint from it correlated pair, add value to me, it may be the most stupid thing for other traders to do. That is their prerogative.
o yes target above all else target - whereas some are highly successful just based off target. Then good for them, I don't quarrel with them but I do hope 1 day I can incorporate into my chart, who know
  • #635
  • Jul 1, 2020 5:57pm Jul 1, 2020 5:57pm
The ALGO is here!

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all I did was to put some orderliness on my chart by confining PA within TMA - M15, H1, H4
  • #636
  • Jul 1, 2020 6:26pm Jul 1, 2020 6:26pm
Quoting mixedbags
The ALGO is here! {image} all I did was to put some orderliness on my chart by confining PA within TMA - M15, H1, H4
Whatever you said sounds good to me! All I care is that it works consistently.
  • #637
  • Jul 1, 2020 6:48pm Jul 1, 2020 6:48pm
Quoting CashBox
{quote} Whatever you said sounds good to me! All I care is that it works consistently.
yes, consistency is what we are seeking for as we hone our skill.
  • #638
  • Jul 1, 2020 7:13pm Jul 1, 2020 7:13pm
Quoting phi1ipp
{quote} Thank you, Rick. Did I get you right, that you would not trade this setup in the conditions present at that time? Or that you trade with APB confirmation, only when aggressive grind is in place?
Yes, I only look at APB bars on huge aggressive grind where the likelihood of a large pullback is strong.
On most passive grinds, we would leave too many pips on the table by using those bars.
So the trick for me is trading the grind, not the target as the sole entry point. A perfect grind for me is one where market orders are not dense which creates reasonable size pullbacks just after a target has been hit. GBPJPY offers some of the best target, grind shape pullbacks and a good source of an income. Other pairs I trade which normally provide good average passive grinds are EU, AU, GN, AJ, Gold.
Pairs I avoid are normally UC, EJ, UJ. (Hate this pair with a passion) because the grinds destroy targets.
Another thing I feel is important is we are trading the 1 minute exhaustion, not the M15 / H1 / H4 charts. Once I set up my targets. I never leave M1 again.
Ever.

Last night trading 6 pairs, I picked up 2.2% increased equity just focussing on grind expansion leading to exhaustion. Most of those calls were shared within a trading group of manic scalpers.

Cheers
Trading thin liquidity at the boundary of the charts
  • #639
  • Jul 1, 2020 8:07pm Jul 1, 2020 8:07pm
Quoting mixedbags
{quote} yes, consistency is what we are seeking for as we hone our skill.
Yes, I have some of that consistency stuff. It makes trading quite enjoyable.
  • #640
  • Jul 1, 2020 8:07pm Jul 1, 2020 8:07pm
Once upon a time I used this indicator (skull) together with Semafor, I tot I have found the holy grail till it blow my account.
Then I tot to myself if I turn it around then it might help me to avoid the grind or go with the grind. Now I used it to see when the grind might stop and reverse.

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use it alone is a hell no. but incorporate it in my chart, it does show me that window.
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