Price action at the core = family members' discussion project

And this one too ... hehehehehe .....

1HR chart with a 4HR overlay.

Pick the recent tops and bottoms. Recent highs and Lows. After the highly vertical break has finished.

5MIN with H4 Overlay ......

Attached Image (click to enlarge)

Pick the recent tops and bottoms. Recent highs and Lows. After the highly vertical break has finished.

whats is the indi Peter? TMA? mine doesn't look like that

I use a TMACG set to 240 minute. But just as George handled things to do with indicators etc, I'm not going to feed you everything. If you want to get familiar with this view you will need to source it yourself, I'm sure this site would have it. I only use it as a rough guide for HTF overview anyway. It's not precise and it's NOT for prediction. I only really use it for general momentum and to tell me which side of sentiment I am looking to travel so I can line up my structural exits.

OK I have something similar

Yes I see.

For anyone who desires to improve their R:R (As you call it) if you study these pics and THEN your own charts, so you can gauge their authenticity. Oscillative reversal spike trading. Enjoy.

Nice charts Peter

Regardless of your good intentions, most traders are thinking the same thing.

Show us a bloody live trade, tell us the steps you are taking as they occur.
Forex Factory is full of hindsight traders explaining how smart they are when they all ready know the setup result.

So please place a chart set up make a live call using your strategy thus week before we get sick of being lectured too. Hope you take this post as an encouragement to show your trading skills to all of George’s followers.

If people can learn something, good. Below is a chart FROM George that he himself shared with people. All I am doing is varying the displays to widen people's collection of perspectives. For me, this is not about guts n glory. Common sense must be personally experienced. The wicks/spikes aren't just there for decoration.

So now. Take this chart of Georges' and draw a black line on the wicks AFTER the move away from 'the middle'. The first move is the break. The second is the 'continuation'. Tip based on hindsight for those who feel they're being treated unkindly - From H4 then moving down the TF's, each TF can represent a profit factor of -10. So if you try and trade the H4 FROM the H4 then you automatically lose at least 10 percent profit just because you didn't "zoom in" using a simpler TF eg 5MIN or 1MIN. THAT is what they are there for. I personally would not trade a major or cross with the spread banging on my door all day. But that's just me.

So how to maximize profit when truthfully, you're crapping your pants when it comes to real life trading?

Percentages? Sure. Sometimes. Probabilities? Yes. Sometimes. But for me, common sense says - Either this is reversing or I am wrong about it? If I am a robot and I want to try and trade forever, then yes, I need a sample of say 100 trades. But up is still up right? And can it go on forever? No. So this is why you have to know how you think before you begin trading or even THINKING about trading. You don't know how far it will go every time but its less expensive to try and see where it's likely to weaken and probably reverse.

Hi Rick,

I am very sorry you feel that way. I'm sure you are a person who has been around the block a few times with all this stuff. Am I right? That's OK. I'm not trying to lecture or takeover from George. I suppose I should apologize if you are finding it unhelpful. I am very sorry if I have offended your sensibilities. For you, I guess, my approach is not very fruitful, as you are using DOM and your smaller TF's. If it works for you then great. I have to say though, you know that I am merely contributing and nothing more? Nobody is insisting on anyone reading what I write here. But I thank you for your input.

Peter

I use a simple philosophy - Price goes up and down. It takes time for things to change. If you can draw a line to verify without blind faith, then it's worth using. If you NEED technology to do things for you that you should do for yourself, then its a recipe for disaster. At this point, forget trading Peter and go do something else. The nature of a market is compromise. And you need extremes to show this compromise to be necessary. I call it the compromise, as you may call it the balance point, equilibrium or 'fair value'. Mean reversion strategies use this content and generate a context from it. Trend trading is from investment criteria and this is a different beast. Part of trading is the acceptance that you make an assumption that what was, will be again. (Every time I have ever tried to trend trade FX it has been unsettling.) I don't trade the V.V.'s - Volatile Verticals. I wait for the reversal and break. The markets like to oscillate so I do the same if that is what they do. A run of same colour means a move is probably coming.

The hard part is being willing to back yourself on your decision.

I do not understand why people need to verify me? It's all there. If someone wants to learn then do it yourself FOR yourself. Your trading is about YOU.

EG - Either a market makes a run down then weakens or it does not.

People are so fickle. Common sense CAN be shared but ego and pride are not why I am here.

I have observed what happened to George and even after he showed people live trades and accounts and everything else, people prefer to socialize instead of learn.

Fair enough.

Peter

Hi Peter

You are taking my post the wrong way, I am just asking you to post a chart AS you take a trade.
The only person who truely understands your strategy is yourself, other traders just see hindsight charts with “I told you so” written later.
This was also a fault of George’s threads in the fact he explained what happened AFTER it had occurred but never once had the COURAGE to place his trades live.

Is it unkind of me or rude just to ask you place a live call with chart so we can all understand your work better.

Cheers

Hi Peter, thanks for posting, I have enjoyed reading your posts

I have posted a chart of H4 off a different pair, would this be the way to look at it?

Are you considering price in relation to where it is in the TMA?

thanks
Mike

The funniest thing on all those AFTER charts, that they always choose great entries and skip bad ones. Magic happened on every trade. With that kind of luck it is better to buy lottery or go to Vegas. Why they trade...

I cannot be manipulated or coaxed. The main purpose of a price chart is to understand that was, is and will be, are related. Even IF George had indeed publicly shown a live trade, I don't think it would have mattered. There are people who want to learn, those who do not and everyone else.

Q - If you see a bullish run of say 4 periods, to an extreme, what does this show ---> Based on the PAST? How many times does it happen that a single color run up or down, fails? I cannot fake these situations. So we'll put stupid in the stupid box and move on.

Silly people gather in force and create cliques. Trading is an individual activity. My approach is not a secret or something magical. I look for something where I can risk little for a lot. It's called profit. Gross and net. Risk 10 to make 50. Be sensible about how you track a market and you will be fine. If you are afraid to risk your money then I suggest you find something else to do. That's the nature of being on the outside of these markets. PERIOD.

Peter

To prove that, in Real real life, repeatability is imperitve -

1. Markets can be "fractal" or whatever you call it. The same type of setups form on a 1MIN chart as they do on H1, H4 etc ....
(The folowing is just something that I found to help someone understand these things)
https://samuraitradingacademy.com/7-best-price-action-patterns/

Read and learn. BUT Do not try to be literal with these things. Markets vary greatly whenever they do the same kinds of things. Why do you think I use a counter line? Because, to me, standard trend lines are pointless. The counter line FOLLOWS the market. There's NO after the fact stuff here. Either you can think or, you need to go do something else.

If "so many" people here on this site "already know" this stuff, then WHY do you need someone to "prove" something? Your own entertainment? Self-Validation?

A discussion is something that progresses.

Peter

Yea ... yea

i think Peter Caleb has a different mindset and method from George Aud teaching.
Just watching ...

Just my 2 cent ...

Get back to George Way ... smile .. smile ... smile ....BIIIIG