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Price action at the core = family members' discussion project

  • #441
  • Dec 15, 2020 2:24am Dec 15, 2020 2:24am
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TMA and Bollinger

Something like this
Hourly Average is 20 pips
Aim for 10 Pips

Practice, observe, study. Think and breathe the TMA and Bollinger. Get a feel of how price moves within the bands and why it extended out of the bands.

Sorry I had accidently clicked the sell button instead of close hence the loss is reflected by the time I closed all.
  • #442
  • Dec 15, 2020 9:48pm Dec 15, 2020 9:48pm
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As you look at the chart, you need to know what market is up to.
Can you see the momentum?
Did you count the bull candles?
Did you add up the bear candles?
Did you compare the percentage of bull and bear candles?
Did you observe the time for it to move 1 pip?
Did you check the velocity of each bull pip vs bear pip?
  • #443
  • Dec 15, 2020 10:21pm Dec 15, 2020 10:21pm
Quoting failinforex
As you look at the chart, you need to know what market is up to. Can you see the momentum? Did you count the bull candles? Did you add up the bear candles? Did you compare the percentage of bull and bear candles? Did you observe the time for it to move 1 pip? Did you check the velocity of each bull pip vs bear pip?
Additional questions from a someone who wanna teach you how to trade -
Did you observe upper and lower structure?
Did you observe mid structure?
Did you see what happened at open?
Did you see yesterday?
Did you see the reversal bars and break bars?
Did you notice the HTF setup?
Did you notice the void to be filled?
What about previous highs lows and the number of times it turned and went down vs up?
Are you excited or panicking?
Are you out of your comfort zone yet?

Seriously if you ask me, my answer to you is NO.

WHY? because my chart tells me not to take any trade.

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  • #444
  • Dec 15, 2020 10:25pm Dec 15, 2020 10:25pm
And when my chart with
TMA and Bollinger shows a signal, I'll take it.
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Hourly Average is 20 pips
Aim for 10 Pips

Practice, observe, study. Think and breathe the TMA and Bollinger. Get a feel of how price moves within the bands and why it extended out of the bands.
  • #445
  • Dec 15, 2020 10:29pm Dec 15, 2020 10:29pm
Ok if you say so.
Real Trading is not gambling.
  • #446
  • Dec 16, 2020 1:14am Dec 16, 2020 1:14am
Dont take me wrong. I understand what you mean. But when I run a simulation and do a backtest with the TMA on, the place where you initially see that the price had dipped inside the TMA band later shows a shift. So basically the same TMA dip entries that we see now, later shows that the price "never went inside the TMA bands".

It would give the same result if you combine with BB bands as TMA changes with time.



Quoting failinforex
And when my chart with TMA and Bollinger shows a signal, I'll take it. {image} Hourly Average is 20 pips Aim for 10 Pips Practice, observe, study. Think and breathe the TMA and Bollinger. Get a feel of how price moves within the bands and why it extended out of the bands.
  • #447
  • Dec 16, 2020 2:17am Dec 16, 2020 2:17am
Quoting suchi
Dont take me wrong. I understand what you mean. But when I run a simulation and do a backtest with the TMA on, the place where you initially see that the price had dipped inside the TMA band later shows a shift. So basically the same TMA dip entries that we see now, later shows that the price "never went inside the TMA bands". It would give the same result if you combine with BB bands as TMA changes with time. {quote}


The one indicator I have found to be truly stable in any backtest scenario is a basic moving average. Everything else "confuses" the system's syntax. So it's no surprise that those indicators were acting cheeky or being unstable. Use them only in real time and you'll be fine.

Peter
Real Trading is not gambling.
  • #448
  • Edited 8:43pm Dec 16, 2020 8:33pm | Edited 8:43pm
Quoting suchi
Dont take me wrong. I understand what you mean. But when I run a simulation and do a backtest with the TMA on, the place where you initially see that the price had dipped inside the TMA band later shows a shift. So basically the same TMA dip entries that we see now, later shows that the price "never went inside the TMA bands". It would give the same result if you combine with BB bands as TMA changes with time. {quote}
No, I don't do back test regardless how good is the simulator.

I do live recording, then review them.

Last time I used CamStudio, it has a max of 35 minutes recording time.

Now I use OBS, which is much friendly and no recording limit time.

I started live recording in 2000. Yes 20 years of reviewing price action and indicators that I am interested in.
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  • #449
  • Dec 16, 2020 8:38pm Dec 16, 2020 8:38pm
A trade I took earlier.
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Can you see some new indicators I place on the chart.
Yes, doing live recording to see how PA react to those Market profile and Volume lines.

Idea from On Point thread.

Never stop observing.
  • #450
  • Dec 16, 2020 9:10pm Dec 16, 2020 9:10pm
The nature of what George was discussing about Fib-wave function within your market of choice, is a real thing. And it really doesn't need to be too complicated to calculate and follow. That is what I have found anyway. I don't think like most people so I guess my attention is on different things than what others focus on. Below is an example .....

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Real Trading is not gambling.
  • #451
  • Dec 16, 2020 11:23pm Dec 16, 2020 11:23pm
Good night all.

But Peter, everyone can have a different view based on the same fact caused by our 'conditioning" unconsciously. It's why we have so many interpretations and different systems in the end.

George Trading is MINDSET, he calls it DEEP UNDERSTANDING OF PRICE ACTION. It is deeper than we thought and it is simplest if we found it in the end.

Your trading method will no additional value to George method, I believe.
Every time i read your post, the message that i got from George method like thrown to another garden.
Sorry, just my honest opinion.

While i read myself about your post, i often ask myself is: WHAT IT IS REALLY MEAN?
like jumping one element to another very quickly without understanding the base or the ground of your opinion/idea/trading method.

Hope i'm wrong, cause English is not my nature.
BROTHAS
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  • #452
  • Dec 17, 2020 12:26am Dec 17, 2020 12:26am
Quoting deanyakobs
Good night all. But Peter, everyone can have a different view based on the same fact caused by our 'conditioning" unconsciously. It's why we have so many interpretations and different systems in the end. George Trading is MINDSET, he calls it DEEP UNDERSTANDING OF PRICE ACTION. It is deeper than we thought and it is simplest if we found it in the end. Your trading method will no additional value to George method, I believe. Every time i read your post, the message that i got from George method like thrown to another garden. Sorry, just my honest...


deanyakobs,

I'm not trying to take away any value someone receives from George's thread and what he shares. The main issue for people is IF someone has not driven a car for very long, then they come across someone who HAS been driving for a long time and can offer insight into learning how to drive better, the less experienced driver thinks that 'the insight sharer' is the only person who knows how to drive as effectively as they do. As literally most people have never been on the other side of the trade flow, they are assuming a lot because of basic ignorance. I would say it's a real shame if you're a person who thinks that George is the only person who understands these markets. What I post is to get people thinking, not to just "ride the George train" nor slander or belittle his input. Please remember - you buy or sell. Up or down. Each market has layers and people really should stop relying on word language and realize that your "conditioning" is inline with being a "consumer" - of products OR information. So essentially, anything I post will be of value to a person who is not a blind follower, but a real person who can think in 4 dimensions. The individual trader is the one who believes in what they do. It is YOUR job to FIND value not to just look at someone's "methodology" and think "No, it's not in my book so I'll disregard it." For anyone who is a little slow or confused, George was simply trying to help people think for themself !! It's not strictly just about trading. And NOT to imitate HIS trades. So, IF you have learned deeply, all things being fairly equal, you SHOULD be able to work out what I am referring to. But if you are "following" someone's methodology, then it's no different to subscribing to a trade signal service. You're blind to what IS but are comforted by your positive output. That's not thinking or trading. That's an accident waiting to happen. In the 21st century I don't see people as a language, so if someone, ANYone is learning to trade, what you are REALLY doing is re-learning how to think.

I genuinely want this response to be appreciated as a healthy constructive reply to someone speaking to me. So I hope other people read this and understand that trading is very different to other jobs/activities available out in the world. Your goals and needs will be vastly different to a boss telling you to do things.

George was trying to instill a conceptual understanding in the minds of people willing to listen, pay attention and do something with it. And that's all I do here. Concept must precede knowledge and action. It's a basic process. Learn or imitate. I know which one I'd choose. Let's see what you do with it.

Have a great day
Peter
Real Trading is not gambling.
  • #453
  • Dec 17, 2020 12:45am Dec 17, 2020 12:45am
Quoting PeterCaleb
{quote} deanyakobs, I'm not trying to take away any value someone receives from George's thread and what he shares. The main issue for people is IF someone has not driven a car for very long, then they come across someone who HAS been driving for a long time and can offer insight into learning how to drive better, the less experienced driver thinks that 'the insight sharer' is the only person who knows how to drive as effectively as they do. As literally most people have never been on the other side of the trade flow, they are assuming a lot because...
  • #454
  • Dec 17, 2020 1:32am Dec 17, 2020 1:32am
Quoting Profitgrowth
{quote}
Hihihihihihihihihehehehehehehehee
Real Trading is not gambling.
  • #455
  • Dec 17, 2020 6:36am Dec 17, 2020 6:36am
George's infamous grinding day.
To be honest I don't know how he figured it. He seemed to have some magical formula.

I totally enslaved to my indicator TMA and Bollinger
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from 2000 I have thousand hours of recording on Fibonacci. My conclusion is that you need to adjust the placement of fib till you get the desire outcome.
Or change timeframe till the fib sit at where you want it to be.
  • #456
  • Dec 17, 2020 6:38am Dec 17, 2020 6:38am
Quoting PeterCaleb
The nature of what George was discussing about Fib-wave function within your market of choice, is a real thing. And it really doesn't need to be too complicated to calculate and follow. That is what I have found anyway. I don't think like most people so I guess my attention is on different things than what others focus on. Below is an example ..... {image}{image}
A probability scale is very important for every trader. 0-100 and inverse for the other direction. This is what I was meaning before, about combining a fibs-wave flow. The flow is a culmination of breaths and the breath is a move and then swing. "Fibs" as a concept can be used to measure.

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Real Trading is not gambling.
  • #457
  • Dec 17, 2020 6:45pm Dec 17, 2020 6:45pm
Hi All,

The Tmatrue indicator that George provided some time ago for MT4, is there an equivalent for Tradingview platform?

Thanks in Advance,
Anthony
  • #458
  • Edited 7:22pm Dec 17, 2020 7:07pm | Edited 7:22pm
Quoting Jimmyf
Hi All, The Tmatrue indicator that George provided some time ago for MT4, is there an equivalent for Tradingview platform? Thanks in Advance, Anthony

Hi Anthony,

If Tradingview can utilise an lwma indi then this post link following will allow you to try an mq4 file.

https://www.forexfactory.com/thread/...4#post12066634


the TMA-true and the lwma-true-tma (thx swd) provide the same output.

(edit: the settings of course are up to you - the set parameters are not to be considered as in concrete - just the indi output does the same job on "your" tested settings)

good fortunes
Pete
  • #459
  • Dec 17, 2020 7:55pm Dec 17, 2020 7:55pm
Thanks, will see how I go.

There are a few TMA indicators on Tradingview but kind of like the TMATrue version.

Thanks,
Anthony
  • #460
  • Dec 17, 2020 8:53pm Dec 17, 2020 8:53pm
Hi Anthony I put up the link as you enquired for a similar indi to TmaTrue to work on TradeView.


But in the end both are “band” indis (based on a linear weighted moving average) using multipliers (deviations).


The indi itself doesn’t "effect” price movement (as you would know).

But it can show up “price pressure” areas.

The pressure imho then is NOT on price, but on traders lol.


I’ve seen price reverse immediately at particular bands.

I’ve seen price blow through multiple bands at once wow.

And I’ve also seen price grind up on the exactly the “same” band (some 40-50-60+ pips over time).


I am certain George said the tma indi was factored in at about 2% in his trading.


So any trader regardless of their indi should always be thinking (and ahead) “is this an area where I might consider to initiate a trade”.

Good fortunes to all and use (any) indi wisely.
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