Price action at the core = family members' discussion project

I like to trade where the market likes to corner itself while it tries to breach previous high/low.

Keep it SIMPLE!

Below is something that can help anyone seeking to learn and grow as a trader. Although what I am sharing here is NOT new, not for a very very very very long time, long before some of you were even born, it's still very relevant. But first, can we all just grow up a bit here and realize the learning curve is what's important NOT the story. Chase the story and you'll end up lost and that's not what you want. We don't need boogeymen we need a learning curve.


https://drive.google.com/file/d/1pVNEWdZeqV56n2kjH_iAnKYFopXAigkx/view?usp=sharing

Quoting failinforex

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Keep it SIMPLE! {image}

Ignored

From my perspective, I like a free ride from 'trend traders' getting stopped and banks getting greedy.

"If you have ever watched or seen a motorcycle, a car and a truck try and do a u-turn, then you already know the HOW re: MTF overlap behavior."

Peter

If you want to trade for real, you have to find out what mimics the market's repetition. Once you have "mastered" an attitude of "The market can't hide from me!" then you get better, because you are no longer scared, no longer "completely" ignorant.

Everything I say, or post, need be properly contextualized. What is context? Simple. Each and every smaller picture/view neatly sitting inside the bigger picture/view. Only a self destructive gambler takes no interest in the whole situation. I am afraid there is no magic cure here. Just determined hard work. Most of what you experience while learning as "frustration" is just growing pains. It passes and then you know or understand something you didn't before.

Peter

If you're struggling, please speak up. Please don't use the "Like" function for thumbs up, it doesn't help.

Peter

Wow Peter, all the charts that you had shared with us today are gems. It really supplements what George has been telling us all this time in a very much clearer picture. I am learning but slowly.

Thank you very very much!

Corinna

Yes, I am struggling to make any sense at all out of all your posts, as i suspect others here are, with all due respect, it's just a lot of hype and waffle about nothing much at all, with no clear idea what your wonderful trading strategy actually is, maybe you can enlighten us? I asked you a simple question as to why you draw your trendlines back to front , and it seems you have not been able to answer that yet?

Profit growth your post is not showing due respect,I would not bother answering you.

Its all so simple,if you don't like the thread move on,there's lots more to see..

Life is too precious to get wound up over little things.

Cheers mate.

Hi nozzer

George gave us a roadmap on how he found Exhaustion levels by using the TMA indicator on the 1 minute chart. He also had his playground settings which was another series of 8 TMA indicators that were applied using session and day settings. At the time, he kept those second set of figures private all except a few of his trading buddies. I would say there were quite a few traders who got obsessed in trying to work out what those settings were, they even set up Telegram groups in an attempt to crack his code.
So what does that have to do with your question about expansion levels?.
George proved that the expansion of price can be traded with high accurately by just waiting in his playground zone for price to visit.

So Historical expansion movements are constant and can be predicted with high accurately.

But there was a problem, one that prevented most traders from being successful with his methods. The TMA was based on using the ADR for its calculations which was a mistake in my opinion. There are many days where the ADR average is destroyed by the market maker so to handle this additional expansion levels successfully, we require new tools.

We need to crack the frequency of the market.
We need to understand liquidity is confined within a narrow price channel
We need to understand real useful liquidity on a chart is very low
We need to understand outside this channel there is no useful liquidity at all - ZERO (so stop loss runs are untrue outside 10 pips of current price)

Then we need to consider that EXPANSION is just the measure of the amount of density of orders being applied against current passive limit orders.
For example on Gold on Friday, the average size of parcels/ contracts before the big move was about 500 per minute. When the move started, density of orders increased to an average of 1400 with a max of 4000. That is 3 to 8 times average volume of orders which pushed the normal expansion level of 28 pips out to 142 pips away from central density.

So EXPANSION can be calculated accurately by considering that it is fixed for normal or low market volume - it then increases proportionally to the increase of normal market volume.
George's TMA are only set to normal market order and cannot handle high density of orders.

Find the tools required and you will guess what the expansion will be.

Cheers Rick

For people (real people) trying to learn .....

Length, breadth, time, price. These are the dimensions of REAL LIFE "retail trader" style technical trading. If you wish to add the details of the "outside world" then perhaps, fundamentals. And perhaps the overlap of the stock markets, Indices, Insurance (This is the 2nd largest and oldest industry in the world), geopolitical and geo-social events and trends. And many others.

But for a person as an individual, it's YOUR money as long as the "system" doesn't get it back. If you "believe" it's really your money, ask someone who has experienced a currency recall. Eg - When a monarch wants their pic changed on their highest value note. Everyone has to hand in their old notes for the new ones. **Anyone who lives in the EU had this happen.

So you were, are, and will ALWAYS be, an outsider to the system. So protect what you have. Your job is basically, to test yourself in ways that you work out "how you think" and then see how well that can be superimposed over the market of your choosing. You use a TF so you can manage YOU and your time. See how much money you can afford to kiss goodbye UNTIL you learn to protect what you have. And you do this by gritting your teeth and getting your hands dirty in the filth and mud of this worldwide idea of "financial money markets". And trust me, it's ONLY an idea. So realize that whatever "strategy" you choose to apply, is also, just an IDEA. It works until it doesn't. It is THEN that you need to know HOW to observe what has changed. Then ask - Is it me and my thinking or did something VERY real change "out there" in the real world?

Your money is not your life, or it really shouldn't be. You ability to THINK, detect, process and evaluate is what makes you human. IF you have given in to "mechanical trading" or using an EA, then you have missed the point of trading. It's a chess game. So instead of taking "selfies" and doing all those other ridiculous and immature things, use your time better and realize that you keep losing your money because you are giving up thinking for convenience.

I use my lines on the outside of price action/market activity so I can get an early look at changes in the Rate of change and observe the market as it IS and not through the lens of an indicator. A counter line will ALWAYS trump an "trend line" because one is before the move and the other is after. There's your hint to how to trade.

Below is a way to approach it .....

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People are divided into wise and stupid ... just like we have light and dark, warm and cold, ying-yang ... it's a sad truth, there are no average people, it's a statistical lie, a political lie and a business lie ...
People choose the third way even though there are only two ...

wow, a PHILOPSOHER
wonder can philosophize the chart into profit

no, isn't obvious?

From my perspective, numbers 1 and 3 are the same.

Monday and we're off again !!

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Peter, from my perspective numbers 1 and 2 are the same... even if we learned something, we are all the time in areas of probabilities, so we speculate. We are learning how to speculate with higher probability.

If you do it with sincere maturity and common sense, then "crystal ball prediction vs speculate" means nothing. I'm not talking about predicting the future, but, in line with living life. Young people never think about the grey area. And to be quite honest, neither do most older people. If someone operates under a 90% premise that their trading can handle, then they may lose the ability to think "terrible things" can happen to them. Just the same with someone who keeps struggling, they may lose their humanity and do something reckless and sabotage their ability to think. Again, it's something most don't think about.

Old Folk Lore = 2 steps backwards without any forward movement will kill you. And too MANY steps forward without any backlash will have you soar straight into the sun, never to return.

So I exchange a happy medium between CAN and SHOULD/SHOULD NOT because Life is able to change and knowledge is tomorrow's memory.

So it is up to YOU. Speculate and worry. SOAR and flame out. Or perhaps something else. As I said initially, trading reflects your capability to think laterally, and that includes thinking about the very essence of what it's all about. Nothing you learn is isolated in Life. You're guaranteed to lose something sometime. And that's how you learn. But reactionary learning is harmful - eg - A person gets their heart broken and decides never to fall in love ever again. Same with trading - Make a mistake SOMEWHERE in you assessment and you have to take a loss on the chin. Do you quit, or, do you take a BETTER look at the situation AND yourself?

"Don't put all your eggs in one basket."

Traders do it. People do it. Parents do it. Animals do it.


Peter

Peter,
First off all must admit I like your posting, I like way you do it, at least you try understand your opponents … rare this days… and specially on social medias like FF is.
Have no comment for your last post as it is more likely my way of thinking too… all I am commenting here is meaning of words …
I am sensitive for words people are using, specially because words meaning is changing intentionally trough the years … speculation for instance…
Could you believe the meaning of word „speculator” when I was young man meant a criminal who buying cheap and selling for profit ? AND IT WAS A SIN?
Stay Well...