Real Trading is not gambling.
- | Joined Nov 2019 | Status: Member | 1,168 Posts
Uncertainty of the market must be embraced and accepted.
Price Action and Trading Discussion 5,928 replies
Price action at the core / tma intra day 5,016 replies
Price Action discussion 26 replies
DislikedHere's an inverted view of the usual psychological price chart. Sometimes it's good to switch it up and check your thinking. Enjoy. Peter {image}Ignored
Disliked{quote}
Most won’t pickup on your chart the ‘inverted’ visual psychological game played out by big brother. I traded an identical setup on a different pair different timeframe and less than an hour ago.
George was absolutely right in describing the fractional nature of the data, presented to us as coloured blocks.
Similar to the pea and 3 cups.
Oldest scam in the book, as are the coloured blocks on a chart. The MA adds nothing to the real power behind the displayed data. But then you already know that! M.Ignored
DislikedThanks Pete ( Timetells) Recently I spoke to Dave.. he said he often read quotes from old time traders who looked at a naked chart and they said when you know, you know. Thousands upon thousands of hours... and they were right. Its there on every chart, pair, timeframe. Humans are wired to over analyse and complicate matters... the market knows this and is tailored to feed off of our emotions. Once we accept the sole purpose of the chart is to confuse traders into making poor decisions then we can move ahead. I’ll ask a question.... chicken and...Ignored
Disliked{quote} Humans today are NOT the same as they used be. However, on that note, there is still one area that remains predominantly evergreen - the instinct of survival. And counter to most people's understanding, this is where the whole problem with "accepting the risk" come in when beginning any enterprise that involves risk (And EVEN invites it!). In lay terms, fight or flight..... but with currency of the present day realm. Bad thinking processes and bad information make for a bad day. As to your dinner question, a thought has a monetary value....Ignored
DislikedBack to George, and his views from his thread for a quick look at the week on GBPJPY not how I do it - but it's there - cheers George (edit: sorry, my ma's not george's - forgot to delete them - they're not part of george's story) {image}Ignored
DislikedHere's an inverted view of the usual psychological price chart. Sometimes it's good to switch it up and check your thinking. Enjoy. Peter {image}Ignored
Disliked{quote} To make things more interesting .... Let's consider this, the following chart is in fact the normal chart ... right side up right way round. BUT, I changed the blue (bullish) and red (bearish) candles around. So, in fact, your points of reference are now situated so you actually are being shown and told BY the "....." (fill in the blank of what you call your market and how you perceive it and understand it). Apart from having (as I have mentioned before) an indicator from right to left, for those still balancing their mind with how to see...Ignored
DislikedThanks, will see how I go. There are a few TMA indicators on Tradingview but kind of like the TMATrue version. Thanks, AnthonyIgnored
DislikedGeorge Trading is MINDSET, he calls it DEEP UNDERSTANDING OF PRICE ACTION. I{image}Ignored
DislikedGearzero, I know that you are directing that post at deanyakobs but I would like to say something here because you're not the first person to ask this. When hindsight is your teacher and guide, it is a relaxed atmosphere for you because there is no fear of loss or betrayal or conflict or being "wrong". You need to understand that George is someone who internalized that mindset. That story. And so then, he could address the more personal issues of which trades to jump on. If you asked him, I'm sure he would say that he does not trade "everything"...Ignored