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Price action at the core = family members' discussion project

  • #41
  • Jul 13, 2020 7:27pm Jul 13, 2020 7:27pm
Helloooooooooooo all members ,,

For those who did NOT understand what I was talking about with this chart ,,,

LET ME EXPLAIN THIS VERY VERY SIMPLE BASE THAT I APPLY ,,

THE MARKET IS A NEVER ENDING EVOLVING MARKET ,,,
IT EXPANDS AND CONTRACTS ,,,

AS THE MARKET EXPANDS ,,,
WE EXPAND OUR MEASURING FOUNDATION RANGE WITH IT ! ! ! !

I ALWAYS APPLY THE LARGER MEASURING RANGE BASE ,, AS ,,,
THE PRICE MOVES MORE ,,, AND CREATES MORE SWINGS ! ! !

IT IS LIKE ,,, LEGO PIECES ,,,
THAT I BUILD ON TOP OF ONE ANOTHER ! ! ! !

THIS IS NOT FOR ANYONE TO CRITICIZE ,,, AND ,,,
IT IS NOT JUST WHAT I DO ,,
AS IT IS A SMALL ANGLE OF HOW I DO THINGS ,,,,
BUT ,,
IT IS JUST A FOUNDATION FOR SOME TO WORK WITH ! ! ! !

Please test it ,,, try it ,,, practise doing it ,,,

Hope this helps ,,,

Cheers
George
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LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #42
  • Jul 13, 2020 7:59pm Jul 13, 2020 7:59pm
HAAAAAAAWDY AGAIN EVERYONE ,,,

I have talked to many traders on a private level ,,,
It is a very demanding process ,,,BUT ,,,
Enjoyed the company of many ,,,,

I HAVE NEVER SHARED MY WORK PUBLICLY BEFORE ,,,
SO AFTER SEEING SO MUCH CONFUSION AMONGST MANY FELLOW MEMBERS HERE ,,,
I WANTED TO GIVE SOME A GLIMPSE AT SOME OF WHAT I DO ,,, AND ,,
HOW I ACHIEVE MY 98% TO 99% STRIKE RATE I HAVE ! ! ! !

YES ,,,
I KNOW SOME WILL STILL COME OUT AND SAY ALL KIND OF GARBAGE ,,,, BUT ,,,
AGAIN ,,,
WHAT I SHARE IS LESS THAN 20% OF WHAT I USE AND APPLY ,,,

I WANT TO SHOW YOU WHY SIMPLICITY IS THE BEST APPROACH ,, BECAUSE ,,
THIS IS HOW SIMPLE THIS BUSINESS IS ,,,,
ONCE ONE UNDERSTANDS THE FOUNDATION IT IS CONSTRUCTED TO ,,,
AND ITS EVERY DAY BEHAVIOR ! ! ! !

I WANT YOU TO SEE HOW PRECISE THIS MARKET RUNS ! ! ! !

Here is the GJ ,,,,
creating the morning LOW ,,,
then a run up into the London top ,,,
Coming down for the MM to make his profits ,,,
Stop and turn ,,,
WHERE ????
The chart will tell the story ! ! !

THIS IS JUST A SIMPLIFIED EXPLANATION ,,,
WITH THE USE OF THE FILTERS ,,,
ONE WILL START TO SEE THE CONSISTENCY OF THIS ACTION ! ! ! !

Hope this helps ,,

THE NEXT CHART WILL SHOW THE SECOND HALF OF THE DAY ! ! !

Cheers
George
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LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #43
  • Jul 13, 2020 8:16pm Jul 13, 2020 8:16pm
NOW ,,,
AFTER THE LOW WAS ESTABLISHED IN THE ABOVE POST ,,,

THEY RAN THE MARKET BACK UP ,,,, AFTER ACHIEVING THEIR FIRST TARGET ,,,
SHOWING ON CHART NO 2

WHERE DID THE MARKET STOP AT THE TOP ???
REFER TO CHART NO 3 ,, SAME TARGET ON THE TOP ! ! !
COMPLETING THE HIGHER TIME FRAME STRUCTURE DEVELOPMENT ,,,

THEN WE TURN AND COME BACK DOWN ....
REPEATING THE SAME ACTION AS THEY DID THE FIRST TIME DOWN ,,,

WHAT DO WE DO ???
THE SAME AS WE DID THE FIRST LOW ,,,
WE USE THE LARGEST RANGE ONCE THE PREVIOUS LOW OF THE DAY WAS TAKEN OUT ,,,,
AND WE LOOK FOR THE FIRST TARGET ,,,,
WHERE AT ???
THE CHART WILL SHOW THE ANSWER ,,,

NOW EVERYONE SHOULD UNDERSTAND WHAT IS MEANT BY THE ZERO LINE ! ! ! !

THIS ACTION IS WHAT I CALL ,,,
AN EXPANDING RANGING DAY ! ! !

CAN WE TRADE WITH PRECISION ?????????????????????????

Leave it with u wonderful people ,,,

Hope this will start to turn some LIGHTS on for some ! ! !

Cheers
George
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LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #44
  • Jul 13, 2020 10:28pm Jul 13, 2020 10:28pm
Quoting deafpostman
Fellow traders, no comment or reply required, .....
As mentioned, no comment required, but I had that EXACT same analysis this AM on EU. Took a short in the same spot.
  • #45
  • Jul 14, 2020 3:35am Jul 14, 2020 3:35am
Quoting RickM
{quote} Hi Freefox Its not a multi wave Elliot “what ever” we trade but rather a single wave that has a fixed wavelength but with variable amplitude readings for each pair. You have seen my live trading occur every night in real time. Have a look at my trades I took last night to see where the Algo is limiting price at each swing. As I turn over 36% increase in equity every month, I think I understand how waves move and how to trade them. Take a look tonight, especially my AJ / EU / AU trades I take. Notice they don’t always match up with the Target...

Hi Rick,

Really very useful reply to mine. Many thanks. Just a few observations...

Firstly, very important quote that you started off with that succinctly summarises your view of the market - ‘a single wave that has a fixed wavelength but with variable amplitude readings for each pair’. But that doesn’t seem to reconcile with what George is saying. He points people to a book ‘Five Waves to Financial Freedom’ which is all about Elliot Waves. At the very core of the EW structure is the need for both varying wavelengths and amplitude. You responded when I asserted that EW is highly subjective (I was been kind - it’s pretty useless to predict the future) that it is not a multi wave Elliot ‘what ever’ – seems we can both agree about EW then.

But George from his charts and directing people to the EW book does not seem to be breaking it down to a single wave concept as you are. Something is not on the same wavelength, sorry for the pun Maybe it is me, but in no way from the charts and commentary that George has given todate does it seem consistent with a single wave concept – in fact the contrary. Maybe George is advocating the same as you. I’ll reserve further judgment until I see how things unfold and more clarity is given.

As I mentioned in my initial response I have looked at EW and wave cycles before. Two great books that contributed to my understanding are:

The Profit Magic of Stock Transaction Timing (JM Hurst) and
The Geometry of Stock Market Profits (MS Jenkins).


Based on those I wrote an EA a few years back – made 120% in 8 months (was over the moon), until it started failing and gave most of it back before I stopped it. Maybe I bailed too early and needed to stick with the approach around cycles?

I greatly respect your trading – your track record is awesome. Quite literally second to none. So when you take time out to respond/speak it is worth paying attention too (and I have) so that we can learn from others to help us get to the next level.

I’m only a mere good trader most of the time who occasionally descends into poor trading through ego and lack of discipline. Always on the lookout for improvement and how I can get to the next level. You’ve certainly got me thinking about where I can improve and just what a ‘a single wave; fixed wavelength, variable amplitude’ means in application and what it may offer. Initially, the obvious implication is that – fixed wavelength means you can anticipate the time of when a move will start/end along the horizontal axis. So, the time element is crucial here. That is a core component of the above books (probably need to re-read them).

Thanks again .… gives me some food for thought. (Plus I’ll play closer attention to your trades with an eye to the above )

All the best
Garry.
*** Shoot for the moon. Even if you miss, you'll land among the stars. ***
  • #46
  • Jul 14, 2020 3:38am Jul 14, 2020 3:38am
Quoting George AUS
{quote} Hello ben ,,, Here we are again ,,, I RESPECT ,,, YOUR ,,, OPINIONS ,, AND VIEWS ,,,,, ALTHOUGH,, Everyone knows my age now ,, I am sure I am old enough to know what I am doing ,,.. and ,, The limitations of my own body and health ,,, ! ! ! IF I WAS YOU ,, I WOULD NOT HOLD MY BREATH FOR TOO LONG ! ! ! Cheers George
Hi George,
You make me smile, working 24/7 as per a previous post, suggests to me that you need to reduce the workload a wee bit mate, the last thing we need here is another overload and thread closure.

You are right, holding ones breath tooo long may have unintended consequences, regular cycling of the lungs is another one of natures natural cycles, but if you asked your sky pilot friend what he would do if he was flying at 33,000ft and 600k/hr and suddenly lost all forms of communication would he prefer to try and find a NDB using cycles or Fibs. he might prefer Fibs over cycles, so I rest my case with history and the pyramids construction, the relationship of our finger joints, birds neck ring colours, even our own body measurements such as Head to belly button and belly button to feet bear a fib relationship--so why not in markets. HhhhMmmm

What an interesting journey this may be--perhaps the writings of the Koran and Bible hold the secrets everyone is seeking.

Sincerely
Ben
  • #47
  • Jul 14, 2020 4:05am Jul 14, 2020 4:05am
Quoting Freefox
{quote} Hi Rick, Really very useful reply to mine. Many thanks. Just a few observations... Firstly, very important quote that you started off with that succinctly summarises your view of the market - ‘a single wave that has a fixed wavelength but with variable amplitude readings for each pair’. But that doesn’t seem to reconcile with what George is saying. He points people to a book ‘Five Waves to Financial Freedom’ which is all about Elliot Waves. At the very core of the EW structure is the need for both varying wavelengths and amplitude. You responded...
Understanding Elliot is essential to understand the market geometry, researchers who came after Elliot didn't bring any new science up till now.

They all tried to make Elliot more objective. The problem of Elliot wave analysis is the 1- subjectivity of it, give 10 people who are experts on wave analysis and everyone will come with a different scenario 2- number of possibilities at least there is 10 different scenarios for each analysis. The best way to trade classic Elliot is to wait for the completion of a pattern then to set your setup 3- drawing of waves, what is considered a wave. 4- working on lower time frames Elliot and his disciples stated different times that you can't work Elliot with under the daily chart !!!!!! 5- lack of historical data !!!!

Elliot originally didn't speak about Fibonacci, it's Collins who brought the Fibo to the researchers attention.

The most advanced work on Elliot and trying to objectify the definition of a wave, how to draw a wave, and gave a set of rules to govern the analysis was Glenn Neely with Neowave theory \ chapter 3 where all the juice was. The idea of Glenn neely was to mix both of Elliot wave and an Ancient way of analysis which is candle sticks analysis where Japanese used to trade rice thousands of years ago. a candle stick is a wave (open, low, high, close) formed in a limited time interval (1m, 1h, 1 day, 1m, 1y) this was his idea to remove the subjectivity of Elliot wave analysis. Later on due to complexity of Neowave Glenn neely himself shifted to more simple techniques to work with price angle to angle in the Neely river theory.

Ramki's book is a good start easy, to the point, practical with no scientific complexity .. doesn't mean it work but it's a good start.
  • #48
  • Jul 14, 2020 4:17am Jul 14, 2020 4:17am
Quoting raedmaa
This is live trade 99% confidence target with simple equilibrium. The green line is a cycle of higher time frame forming in lower time frame. {image}

this was called live to the pip.
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  • #49
  • Jul 14, 2020 4:30am Jul 14, 2020 4:30am
here is a live call of 3 angles following each other (90% probability), which is impossible with up to date technical analysis science available.

By the way I don't trade Gbp jpy, just because George like it.
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  • #50
  • Jul 14, 2020 5:41am Jul 14, 2020 5:41am
Quoting Freefox
{quote} Hi Rick, Really very useful reply to mine. Many thanks. Just a few observations... Firstly, very important quote that you started off with that succinctly summarises your view of the market - ‘a single wave that has a fixed wavelength but with variable amplitude readings for each pair’. But that doesn’t seem to reconcile with what George is saying. He points people to a book ‘Five Waves to Financial Freedom’ which is all about Elliot Waves. At the very core of the EW structure is the need for both varying wavelengths and amplitude. You responded...
Hi Gary

You wrote

fixed wavelength means you can anticipate the time of when a move will start/end along the horizontal axis. So, the time element is crucial here.

Sums it up very well.

George has a vision on how he can trade using Elliot waves to extract his perfect entry points with good accuracy.
I have a vision on how to take only one wave and extract my high probability entry points with good profitability.
I think we are just trading the same beast from different viewpoints, George is looking at the whole forest, I am studying one branch from the biggest tree.

This is a picture of some interesting fruit in that branch in the upper right hand corner, apparently some people can see something else?
I reckon they are crazy, they must also believe in fairy's.
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Trading thin liquidity at the boundary of the charts
  • #51
  • Jul 14, 2020 5:48am Jul 14, 2020 5:48am
Quoting RickM
{quote} This is a picture of some interesting fruit in that branch in the upper right hand corner, apparently some people can see something else? I reckon they are crazy, they must also believe in fairy's. {image}
I'm crazy, I see the face of the fairy
  • #52
  • Jul 14, 2020 8:28am Jul 14, 2020 8:28am
Quoting George AUS
NOW ,,, AFTER THE LOW WAS ESTABLISHED IN THE ABOVE POST ,,, THEY RAN THE MARKET BACK UP ,,,, AFTER ACHIEVING THEIR FIRST TARGET ,,, SHOWING ON CHART NO 2 WHERE DID THE MARKET STOP AT THE TOP ??? REFER TO CHART NO 3 ,, SAME TARGET ON THE TOP ! ! ! COMPLETING THE HIGHER TIME FRAME STRUCTURE DEVELOPMENT ,,, THEN WE TURN AND COME BACK DOWN .... REPEATING THE SAME ACTION AS THEY DID THE FIRST TIME DOWN ,,, WHAT DO WE DO ??? THE SAME AS WE DID THE FIRST LOW ,,, WE USE THE LARGEST RANGE ONCE THE PREVIOUS LOW OF THE DAY WAS TAKEN OUT ,,,, AND WE LOOK FOR...

Yes I agree with you, I am familiar with this method, however I use different numbers.

once the price penetrate the 0/100 line it's expected to move to an equal distance.

1.236 / 1st target. THE GATE.

fib expansion equilibrium / 2nd target (1.382 - 1.50 - 1.618).

2/ 3rd target.

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  • #53
  • Jul 14, 2020 8:37am Jul 14, 2020 8:37am
Why do I use 1.236?
because it has a mathematical prove that it's the Golden Ratio on a lesser cycle.
It's the Perfect deviation of the mean.

.618 (1 cycle) = 1.236 (.50 cycle).
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  • #54
  • Jul 14, 2020 8:41am Jul 14, 2020 8:41am
Quoting RickM
{quote} Hi Gary You wrote fixed wavelength means you can anticipate the time of when a move will start/end along the horizontal axis. So, the time element is crucial here. Sums it up very well. George has a vision on how he can trade using Elliot waves to extract his perfect entry points with good accuracy. I have a vision on how to take only one wave and extract my high probability entry points with good profitability. I think we are just trading the same beast from different viewpoints, George is looking at the whole forest, I am studying one...
As far as I understand, George gave us a book and some tools and pointed us in a direction; the book and tools are meant to be used as a guide (not as set rules) to find our way, and to be 'boundless', to be open to possibilities as to why the markets turn where they turn. Be it a wave, waves, extensions, be it what you can apply. The tree looking a little bare on the left brow Thanks RickM, Redfox and George for your posts. Interesting to note that there was a reaction that George predicted in his chart above.
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  • #55
  • Jul 14, 2020 8:47am Jul 14, 2020 8:47am
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  • #56
  • Jul 14, 2020 10:45am Jul 14, 2020 10:45am
Still GJ, just testing
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  • #57
  • Jul 14, 2020 10:54am Jul 14, 2020 10:54am
Typically I would have already gone short at some point around here(circle)...

But waiting to see if there is at least one more wave up to finish off this current cycle on EU(bigger chart).
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  • #58
  • Jul 14, 2020 2:54pm Jul 14, 2020 2:54pm
Quoting George AUS
NOW ,,, AFTER THE LOW WAS ESTABLISHED IN THE ABOVE POST ,,, THEY RAN THE MARKET BACK UP ,,,, AFTER ACHIEVING THEIR FIRST TARGET ,,, SHOWING ON CHART NO 2 WHERE DID THE MARKET STOP AT THE TOP ??? REFER TO CHART NO 3 ,, SAME TARGET ON THE TOP ! ! ! COMPLETING THE HIGHER TIME FRAME STRUCTURE DEVELOPMENT ,,, THEN WE TURN AND COME BACK DOWN .... REPEATING THE SAME ACTION AS THEY DID THE FIRST TIME DOWN ,,, WHAT DO WE DO ??? THE SAME AS WE DID THE FIRST LOW ,,, WE USE THE LARGEST RANGE ONCE THE PREVIOUS LOW OF THE DAY WAS TAKEN OUT ,,,, AND WE LOOK FOR...
Hi All

Thank you George for your contributions to the community,

I think there is a mismatch between the above posted chart by George and mine below although its the same pair. I know we are using different Broker's but does that mean in my case, the Wave cycle wouldn't have worked?

What i am really asking, is it Broker dependable? - Depending on the broker one uses, the Wave cycle will work or not if applied correctly. If somehow, you were using the Broker i am using, Would your analysis have failed?

Thanks, Name is Tom
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You can do it!
  • #59
  • Jul 14, 2020 2:57pm Jul 14, 2020 2:57pm
Quoting George AUS
HAAAAAAAWDY AGAIN EVERYONE ,,, I have talked to many traders on a private level ,,, It is a very demanding process ,,,BUT ,,, Enjoyed the company of many ,,,, I HAVE NEVER SHARED MY WORK PUBLICLY BEFORE ,,, SO AFTER SEEING SO MUCH CONFUSION AMONGST MANY FELLOW MEMBERS HERE ,,, I WANTED TO GIVE SOME A GLIMPSE AT SOME OF WHAT I DO ,,, AND ,, HOW I ACHIEVE MY 98% TO 99% STRIKE RATE I HAVE ! ! ! ! YES ,,, I KNOW SOME WILL STILL COME OUT AND SAY ALL KIND OF GARBAGE ,,,, BUT ,,, AGAIN ,,, WHAT I SHARE IS LESS THAN 20% OF WHAT I USE AND APPLY ,,, I WANT...
Sorry All i was referring to this one.
You can do it!
  • #60
  • Jul 14, 2020 2:59pm Jul 14, 2020 2:59pm
I am still reading the book you gave us George, but the examples you provided today helped enormously

Thanks for being active again, much appreciated

San
veni vidi vici
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