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  • #221
  • Sep 1, 2020 8:43pm Sep 1, 2020 8:43pm
HOWDY EVERYONE ,,,

I JUST WANTED TO SHARE THIS WITH EVERYONE ,,,,

HOPE EVERYONE WILL SEE THE VALUE IN THE WISDOM IT CONTAINS ! ! ! !

Inserted Video



Cheers
George
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #222
  • Sep 2, 2020 1:48am Sep 2, 2020 1:48am
Quoting George AUS
HOWDY EVERYONE ,,, I JUST WANTED TO SHARE THIS WITH EVERYONE ,,,, HOPE EVERYONE WILL SEE THE VALUE IN THE WISDOM IT CONTAINS ! ! ! ! https://youtu.be/UwGSgJytufY?t=1 Cheers George
I enjoyed this alot, very good!
Emotional Control. Process, not outcome.
  • #223
  • Sep 2, 2020 6:25am Sep 2, 2020 6:25am
Quoting George AUS
HOWDY EVERYONE ,,, I JUST WANTED TO SHARE THIS WITH EVERYONE ,,,, HOPE EVERYONE WILL SEE THE VALUE IN THE WISDOM IT CONTAINS ! ! ! ! https://youtu.be/UwGSgJytufY?t=1 Cheers George
Amasing !!!!!! Thanks George !!!!
  • #224
  • Sep 23, 2020 9:35am Sep 23, 2020 9:35am
Ladies and gentlemen!
When the price reverses, it dances the same dance. The length of the steps may be different, but the figure is the same. The Book of Frames to help you. (The one that George posted here) Here's an EC, in two time frames and two ABC flat corrections, the second at the fibo mark ... which George loves)) I will not mark everything here in detail, do it yourself for your own benefit. Something the branch calmed down, I wanted to revive
hurray Mike!
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  • #225
  • Oct 11, 2020 11:26am Oct 11, 2020 11:26am
It is interesting how George's work seems to go hand-in-hand with that of Michael (ICT).

ICT talks about Old Highs and Lows as some of the target areas. That happens to be one of George's targets.
ICT also talks about Liquidity Void and Fair Value Gap and George also talks about Liquidity Gap.
ICT looks at equal highs/lows or liquidity pools and Stop Runs and George also looks at the Herd Mentality Validation.
ICT uses Fib 1.27 (-27) and 1.62 (-62) as some of the targets (see The ATM Method series) and George also uses the same levels.

As Michael can talk a lot I wasn't interested at his videos until that Trader to Trader Podcast between George and Djamal.
When George mentioned Michael's name I knew that I will have to also look at his work (as well as Oliver Velez).
I'm so blessed that I became exposed to the works of these great traders.

To see and understand George and ICT's work you have to know how to trade - that is a prerequisite.
As for me the works of Richard D Wyckoff and Price Action helped me a lot at understanding their work.
  • #226
  • Oct 31, 2020 11:37am Oct 31, 2020 11:37am
Quoting mik2012
Ladies and gentlemen! When the price reverses, it dances the same dance. The length of the steps may be different, but the figure is the same. The Book of Frames to help you. (The one that George posted here) Here's an EC, in two time frames and two ABC flat corrections, the second at the fibo mark ... which George loves)) I will not mark everything here in detail, do it yourself for your own benefit. Something the branch calmed down, I wanted to revive hurray Mike! {image} {image}
Thank you very much! I know topic of George's because comment of you. I'm new trader and I don't know anything. I have lost money, but I can make a little money now. Thanks to you. I can't send message thanks for you because I just sign up account. Thank you very much! Sorry about my English not my language.
  • #227
  • Oct 31, 2020 11:44am Oct 31, 2020 11:44am
Thank you Sir George!
I very lucky when I know your topic, English not my language so difficult for me when I can understand your mind on the topic. But I will try, I very happy because your topic can help me make money when I am new trader. Thank you very much! I grateful you forever!
Thank you!
I'm Trang.
  • #228
  • Nov 17, 2020 3:10am Nov 17, 2020 3:10am
I have just joined and was pointed to this thread by a friend after beginning to go through the "Price action at the core / tma intra day" thread. I would like to say hello and thank you. Below is how I started to see the simple price behaviorism of the "XYZ" financial markets one chooses to follow ....
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Real Trading is not gambling.
  • #229
  • Nov 17, 2020 3:14am Nov 17, 2020 3:14am
Quoting mik2012
Ladies and gentlemen! When the price reverses, it dances the same dance. The length of the steps may be different, but the figure is the same. The Book of Frames to help you. (The one that George posted here) Here's an EC, in two time frames and two ABC flat corrections, the second at the fibo mark ... which George loves)) I will not mark everything here in detail, do it yourself for your own benefit. Something the branch calmed down, I wanted to revive hurray Mike! {image} {image}
Yes Mike, I too like to see it move from a high intensity rate of change to a more static 'sideways' style of movement. It makes it so much easier to navigate and trade.
Real Trading is not gambling.
  • #230
  • Nov 17, 2020 8:00pm Nov 17, 2020 8:00pm
Quoting RickM
Hi Dean While members here see and measure multiple waves as a series of movements that are directly related to each other, they may miss the obvious point. If the market is really the action of price hunting nearby liquidity pools, then it’s wild swings we see are actually NOT waves at all but just random patterns caused by price seeking Targets. Humans are comfortable in an unchanged world where every move has a matching balanced move. A swing in a chart therefore has to have a familiar feel. The so called herd behaviour by humans therefore creates...


** I concur, in part at least with you here Rick. I have found in my own trading career, that when you chase money you have lost before you begin. Yes indeed these markets tend to move as if they have a type of reverse oscillatiing effect that appears to us on the chart. Although at times they become quieter it can be tracked in a simple and very effective way. See pic below. If someone uses this same charting approach on their "overview" TF and then on their "summary target" TF and ALSO on their "Trade entry/exit" TF, then they can align their trade simply and without use of most indicators (standard or custom). I have come across MANY traders over the years and one thing is common among the ones who survive and thrive as profitable traders - they know what can be known at all times, they do what has always worked regardless of the environment they're in and, never follow a story that tries to explain everything. The last one is the hardest for people I see. To believe a story is to also accept that things don't change on different levels of life. To work with the idea that you're in control of these markets is rather foolish. And by assuming too much, it all becomes more about hubris than trading if left unchecked.

For me, "Random" is a word that only 'scientific' inquiry cannot explain. If someone is a privateer in these markets and IF indeed there are pirates, then it's sensible to summize that there is something you do not know or are not aware of. Personal interpretations are a good example of showing how random is not what one hopes it will/should be. So if the markets do something that seems random, it's easy to apply a way to understand this .....

Occam's razor + [COLOR=rgba(0, 0, 0, 0.87)]Schrödinger's cat = common sense. I always laugh when people talk "science"[/color] and "psychology" on these points. And Rick, you're correct in saying that people love an unchanging world. Here's my tip for all those younger/older people wanting to improve in their trading (George has tried to explain these things but I shall add my words to help if that's ok) .... Trading reflects how badly you manage your feelings and thoughts. So if you "need" a big picture to explain what you should do, please remember, the global financial markets owe you nothing, don't answer to you and truthfully, aren't really interested in your goals and dreams. But if YOU are, then work hard at condensing simplicity. It can be your friend when the markets "don't make sense" and even more so when they do. George has done (what I see) as a great thing trying to put forward a format to help other traders. One thing that has helped me is being humble. And if you can be humble, then you can learn to be objective. And this can help you in those times when it seems that everything is failing you.

Just my thoughts and would love to hear from others about how to condense what has been presented by George and others.

Peter
Real Trading is not gambling.
  • #231
  • Nov 17, 2020 8:17pm Nov 17, 2020 8:17pm
From post 230 above,
Although at times they become quieter it can be tracked in a simple and very effective way.
See pic below.

Where is the pic?
  • #232
  • Nov 17, 2020 8:38pm Nov 17, 2020 8:38pm
Quoting Darryl
From post 230 above, Although at times they become quieter it can be tracked in a simple and very effective way. See pic below. Where is the pic?


Sorry Darryl. I'm still new to this site and learning its functions and buttons etc.

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Real Trading is not gambling.
  • #233
  • Nov 17, 2020 8:51pm Nov 17, 2020 8:51pm
Interesting chart, thank you Peter.
  • #234
  • Nov 17, 2020 8:53pm Nov 17, 2020 8:53pm
For me, Life is about Simplicity without oversimplification. Seek its foremost simplest format but do not remove the common denominators. Because doing this pollutes the truth it shows and presents. And I approach trading in the same way. Been doing it for years this way and it works. The pic above, is just a sample of simple. Of course I didn't show the lower TF's I spoke of, however, George has already shown how to navigate a setup that revolved around a MTF overview. As long as people recognize that George's learning material (pics, screenshots, writings etc) is from years of "mentoring" either directly or indirectly, with other people and the world at large. So it's not really "new" per say, however, if it helps to frame a person's thinking and approach, then hooray to that.

It's the world's status quo or, the perceived norm, that will screw with people's minds and attention at the end of the day. If you need evidence of this, just look at this virus thing people keep freaking out about. Inline with trading, I can explain more, if people want or need, but I am still new here, so I don't want to appear to be commandeering this thread.

Peter
Real Trading is not gambling.
  • #235
  • Nov 17, 2020 10:04pm Nov 17, 2020 10:04pm
Going for lunch now, but first, wanted to share a real life practical example of what I mean by simple in the below pic. I have framed it for those people who have been following George's format and style and use of indicators etc.The rest as they, is all in your head = Step 1. 50/50 chance that you pick the correct direction Step 2. Check all known biases available to Big picture direction and local temporary direction Step 3. Observe ROC (Rate of change) for the Psychological price charts (your usual overview charts) by drawing a simple trendline on counter trend side (the outside/left) of "price action" for steep then moderate and then gentle incline/decline across ALL Tf's. Step 4. Wait for rounded sideways style "agreement of price" on M1 and M15 and then scale in = 1 x 1 back to back linear price grid limit orders (eg - 1K) to initially enter on "bottom/top then use M1 to scale in on micro pullbacks, keeping an eye on your array of targets. Simple. Using a predetermined SL that fits with the chosen market's volatility will usually afford you an alignment of YOUR perceived risk (Chosen Size of SL OR Hedge Lock) vs the market's ACTUAL risk position (your position plus any temporary negative blowback behind your entry price before it finally moves in your favor for a profit target to be reached in time.) Granted this is me summarizing, however, in real time, it flows nicely.

Toodles

Peter
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Real Trading is not gambling.
  • #236
  • Nov 18, 2020 11:59pm Nov 18, 2020 11:59pm
I'm not sure where this might fit in to where you are as a trader but here goes .....

As George has mentioned several times, both here on this thread and the original "Price Action at its core" thread, learning to follow and trade the markets is a lot of work. And if you'll allow me, I'd like to add to this. However what I would like to say is not going to sit well with many people. Trading in real life is about many things. One of the most important parts of the process (Based on my own experience) is being truthful. For most people they spend their whole life never needing to reference statistics related to probability etc. - until they get involved in 'trading'. I suppose everyone has their own style, their own niche perspective. When I started out, it was important to keep your mind sharp. And to do that, at some point, you have to look at your own psychology. I hope it's ok for me to post these 2 pics as I like to look at them to remind me that the markets can't really hide much, if you objectively know what you're looking at.



For me personally, I was drawn back to this thread and the original one because I sensed George wanted to improve people's opportunities in their own trading. And I'm sure he has been able to do this. One thing I do, however, see lacking is attention to one's own psychology. Perhaps I'm wrong, or maybe I missed it as I went through the threads. I've known many traders in the time since I started trading. And the fact is, the ones who tried to succeed on pure will power, burned out and failed. While others succeeded because they realized that having a niche perspective and a story that tries to explain what's going on, is simply not enough. As people, in real life, we are usually directed by our opinions, judgments, biases and prejudices. Sometimes they help and sometimes not. And looking at things in this way, it becomes easier to see why people drift from strategy to strategy, system to system.

An example of this could be - I am Peter and I want to create an income through trading the Forex markets. I know there will be work involved so I need a plan. I arrive at a sensibly drawn up plan and begin to learn. However, as I go along, I come to realize, bit by bit, that this trading thing is not what I believed it to be. And so begins a journey. And eventually, I arrive at a point where I understand what I'm really involved in...... a self contained, self fulfilling fluid system of money transacting everyday worldwide.

In this example, there's something that has been forgotten. The Forex markets are not the beginning and end of everything on this planet. There are indeed other systems that work alongside this one. And they do interact.

To genuinely understand this though, in a real and real life sense, one needs to have experienced changes in a market or markets, to understand other things. If you're wondering why I'm saying this .... For me personally, I have learned a lot in my life and I guess I was looking for a place to offer what I have learned. (I don't wish to steal George's thunder here.)

To anyone who may have misunderstood what it means to master the art of trading. The real, real life understanding of this (from my own experience anyway) is to master yourself. The idea of mastering trading is an everlasting pursuit because unless you are in control of these markets or own them, then you don't KNOW for certain what will come next. You can only put your best foot forward and prevail as best you can. After all, you can only react or respond when trading. I don't know if that helps. I hope it does.

Peter

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Real Trading is not gambling.
  • #237
  • Nov 19, 2020 5:13am Nov 19, 2020 5:13am
Quoting PeterCaleb
Going for lunch now, but first, wanted to share a real life practical example of what I mean by simple in the below pic. I have framed it for those people who have been following George's format and style and use of indicators etc.The rest as they, is all in your head = Step 1. 50/50 chance that you pick the correct direction Step 2. Check all known biases available to Big picture direction and local temporary direction Step 3. Observe ROC (Rate of change) for the Psychological price charts (your usual overview charts) by drawing a simple trendline...
Hi Peter

I think George's followers went in the wrong direction in his new thread of trying to guess which way direction price would move by looking at multiple waves. That was not his first objective, rather to tell traders to wait in his playground area for price to expand into our trading zone. The whole idea was to trade known exhaustion zones.
For some unknown reason, George dropped this strategy and started trading Elliot waves (or his version anyway) but couldn't successfully expand it to one single trader.
Last time I talked to George by Skype was about 4 months ago, you can't hide his passion he has for helping traders trading and his work unlocked a few secrets for me I must admit but his message for me on elliot's / fibs got lost once he started with wave A? 1? 2? oh its too hard.

Cheers Rick
Trading thin liquidity at the boundary of the charts
  • #238
  • Nov 19, 2020 6:15am Nov 19, 2020 6:15am
Quoting RickM
{quote} Hi Peter I think George's followers went in the wrong direction in his new thread of trying to guess which way direction price would move by looking at multiple waves. That was not his first objective, rather to tell traders to wait in his playground area for price to expand into our trading zone. The whole idea was to trade known exhaustion zones. For some unknown reason, George dropped this strategy and started trading Elliot waves (or his version anyway) but couldn't successfully expand it to one single trader. Last time I talked to George...


Hi Rick, Yes I understand what you're saying. Because I am new here, I need to be a bit careful what I say but I will say this - blind following and people who resemble a sycophant, are really only hurting themselves. Unless of course someone puts themself in the same position George has, to be praised or admired. However I am not saying anyone here IS one of those types of people. I just get concerned when people follow the same path of thinking they would towards, say, a job. Molding oneself to fit the requirements to please the potential employer and new environment so they fit in and are accepted. As to the elliot waves stuff etc. George would be best to answer a question about why he did anything he did.

I suppose it becomes rather easy for people to over-complicate things. Mmmmm. Up or down. Buy or sell. Reversal, breakout, carry trade, spike scalp, momentum scalp. There's many to choose from. I learned a long time ago that lateral thinking is what helps any trader differentiate between someone who can adapt to the world as it changes and one who cannot. And getting fixated on imitation or emulation of what one thinks works, is a real problem.

Thanks for talking Rick.

Peter.
Real Trading is not gambling.
  • #239
  • Nov 19, 2020 4:14pm Nov 19, 2020 4:14pm
Quoting PeterCaleb
Going for lunch now, but first, wanted to share a real life practical example of what I mean by simple in the below pic. I have framed it for those people who have been following George's format and style and use of indicators etc.The rest as they, is all in your head = Step 1. 50/50 chance that you pick the correct direction Step 2. Check all known biases available to Big picture direction and local temporary direction Step 3. Observe ROC (Rate of change) for the Psychological price charts (your usual overview charts) by drawing a simple trendline...
HI Peter

Great posts, thanks for sharing. I am reading Al Brooks trilogy and there is great stuff I am starting to see on the charts, please post some more or maybe start a new thread

regards
Mike
  • #240
  • Nov 19, 2020 9:17pm Nov 19, 2020 9:17pm
Hi Mike, I am merely here to contribute if I can, until I say something that is true that offends enough people (I guess). It's easy to get overzealous with anything, especially if your own self interest is involved. And money (profits) have a way of changing people. Whenever I find that I'm stepping over a line from truthfully simple to potential academic disaster, I ask myself - "Is this going to change the markets, or me?" If a person is sitting and looking at a digitized version of a price chart (phone, PC etc) then you need to keep your head. Unlike some written languages that read from right to left, the usual price chart moves from left to right. Regardless of JAP candlesticks or tick chart or something else. It's merely to pictorialize something that has many pieces of information. So that in itself could complicate things if misused. Another thing to consider is, if someone thinks themself dumb, then in the world of "trading" they tend to overcompensate by way of strategy or system of trading or perhaps trading assistants (Now known as EA's). However, on the flipside, if someone thinks they're pretty smart, then it's easy to see that highly intellectual entanglement with details and data and the like, would be very alluring. For me, I see myself capable of both, so it is a sort of dance to remain centered. The markets CAN be complex, depending on how far down that rabbit hole you wish to venture.

George (and others too I guess) have tried, but people need to keep in mind, that bringing a "group" of traders together is similar to calling for a town meeting of vampires. Everyone's on their best behavior and playing nice until that first drop of blood hits the floor. THEN it becomes a free-for-all with opinions and conjecture running rampant. If they cannot agree on whether the market is going up or down, what hope do they truly have in moving to the next step in any process. For instance, when George in the original thread, showed something about Bruce Lee. "Be like water." In trading that doesn't translate to "just throw your orders in here or there" or "I am SO confident about this trade setup that I KNOW it will work in my favor". No. Just because I place my orders above the previous highs has NO bearing on what happens. If people need real hardcoded proof of this being true, then I suggest they start using a tick chart. The type that allows you to specify the number of ticks that are counted before it draws a new bar on chart. Those tick charts are TRANSACTIONAL in nature... not dependent only on time allotted. Uptick, downtick, uptick, uptick, uptick, uptick !! It's not surprising why people make more of things than is necessary. Up, down, left, right. Biases. Energy spent to assess and conclude potential of outcome. Either organize to place an order or do nothing.

What I know about people trying to "become" a trader.

Q. - Have you ever tried driving all the way to work in reverse gear? Believe me, it never ends well.

If people would relate this to their use of the chart, indicators, mentors, books and even these kinds of discussion areas, then, they would see that the LESS objective you are, IN your thinking, then the worse you trade. And in turn, the less consistent you can be ... EVER. Why? It comes down to the territory you're trying to navigate.

The other thing that must be addressed by people is - trading the financial markets falls into the psychological category of .... "Gambling" I know that lots of people say this and that however, objectively speaking, when you deal with something in Life that is concerned with basic Cause and Effect, IF YOU do NOT know and I do mean KNOW with certainty (because you are driving the car, not sitting on a street bench watching it drive past) the WHY, then you are required to gather and garnish as much information and insight as you can that is of a truthful enough nature (Consistently reasonable), to aid you in understanding how to reach your goals. When I watched the Trader to Trader 3 podcast video of George and Jamal, I wasn't sure what I was watching. You see, in my career, hardcore proof is itself evidence.

Relating back to people here, who prefer the story instead of the A+B+C+D approach (Not pattern or count trading). I remember years ago I saw that "Trader" doco of Tudor Jones and in that video, there is a part where he said (paraphrasing) "I'm trying/wanting to risk $0.70 to make $8.00" if I remember it correctly. So to translate for those forex traders - he wants to risk 7 PIPS (points) to make 80 PIPS. NOW take a good long hard look at EVERYTHING George has presented in both these threads, and ask yourself ..... "How do I do that?"

It comes down to how many times can you try and get in and get stopped out or exit on blowback, before the trade setup becomes untradable and therefore unprofitable. PERIOD. Forget patterns, forget everything else, It's the simple maths of running a profitable business. Either your overhead is within manageable levels or it's not. The trade SETUP AKA trade, is just a product. Past to present to future is a good translation for - what have I learned about my thinking, nothing more. I don't care what my setup is, or what George's setup is. You're betting on the past repeating. And it's your job as a "trader" to navigate the terrain. As far as I can see people need LESS strategy work, system work, mentoring, EA's and story indoctrination and A LOT MORE work on what's in between their ears. People today have ALL the technology but very little common sense.

My choice to be here is to contribute or, to give to the next generation. Hehehe, I know I won't live forever. But the simple truth is, technology ha made people lazy, sloppy and complacent. I personally, have known MANY very successful traders, but they don't 'hangout' with other traders unless they're in a co-operating business venture. So no. The idea that I, or George or someone would or COULD offend a legitimately successful trader is ridiculous, disgusting and absurd. They would simply nod and then keep walking. Why? They understand and respect their time as being precious. Because they know what they know. PERIOD. The people I have come across here, who act like or speak of being successful are not that person. It is a fact that kin magnetize to kin.

For Mike (and anyone else of course) ....

Try this exercise - Open a clean chart on say, 15MIN TF. Make sure it's at max zoom out and the JAP CS's have a black and white colour scheme. Take a screenshot or picture of that zoomed out view of the chart. Find an indicator that will overlay higher TF's than the 15MIN eg - 30, 60, 90 (if available), 240, 1440 and the weekly. Make sure that you specify different colours etc for each TF. For this you may need to have multiple instances of the indicator on the chart. Take another screenshot photo of it. When you're done, make notes on EVERYTHING you notice. Left, right, up, down. And if it helps, I have included some pics etc that you can use to gauge observations.


I hope that helps. Condensing knowledge into experience and then Wisdom IS a DOING process.
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