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Price action at the core = family members' discussion project

  • #581
  • Dec 28, 2020 10:25pm Dec 28, 2020 10:25pm
Quoting Profitgrowth
{quote} Good point, in all seriousness, we're not trying to get rid of Peter, we're just hoping and hinting that he will find it within himself to post what is truly useful, as Rick was trying to get across.
Actually, the only people doing that here are yourself and Rick, like school children, there has been plenty that Peter has generously donated but you're obviously too stupid or lazy to understand or contemplate it long enough for it to resonate and help you, or maybe you don't need it, in which case you should stage right and exit like you threatened before, only this time grow some balls and make it real.

What are you expecting exactly from Peters teachings? money from trading right? in regards to this - at what time? do you want the results now? like the answers you get from google straight away? why not take your time and learn the meaning behind it all? - precisely what Laura has been doing over in roadmap?

In the matter of your own incredible stupidly, Peter has an exceptional wealth of experience, simply put, by written example, not by posting live trades at the beck and call of forex factory trolls, but by his articulate emphasizing in accuracy on representation in all the conveying of underlying thought or feeling, in regards to all aspects of trading, this alone should qualify him enough to be able to offer advice and support where and when he chooses without being attacked, or are you so dumb and immature you cannot understand this?
  • #582
  • Dec 28, 2020 11:36pm Dec 28, 2020 11:36pm
Quoting asset21
{quote} Actually, the only people doing that here are yourself and Rick, like school children, there has been plenty that Peter has generously donated but you're obviously too stupid or lazy to understand or contemplate it long enough for it to resonate and help you, or maybe you don't need it, in which case you should stage right and exit like you threatened before, only this time grow some balls and make it real. What are you expecting exactly from Peters teachings? money from trading right? in regards to this - at what time? do you want the results...
Calm down brother, I don't need or want anything at all from Peter, and never will, I, or no one else never asked him to come here, I just want the best for other traders who come here confused what it's all about, nothing more, Like George indicated, he's a relatively harmless creature, if his posts push your buttons, good luck, each to their own.
  • #583
  • Dec 29, 2020 12:37am Dec 29, 2020 12:37am
Quoting Profitgrowth
{quote} Calm down brother, I don't need or want anything at all from Peter, and never will, I, or no one else never asked him to come here, I just want the best for other traders who come here confused what it's all about, nothing more, Like George indicated, he's a relatively harmless creature, if his posts push your buttons, good luck, each to their own.


Please let me say this slowly and clearly - Profitgrowth, are you confused? Is that why we're having such a problem? What are people confused about? Is it the basics? Is it the more adept side of trading? If people just get past the whoo-haa and get into the nitty gritty, then they would not be confused. If people are too scared to just ask questions that are a lead on and NOT the "answer" they think they seek, then they can learn. Understand what a lead on question is? It is a first thought question you ask with humility (open to learning minus the attitude that you already know the answer), not something you ask someone to answer for you so you don't have to do the work. Understand?

One thing I have noticed on this site and others, is the level of cynicism in people. How can that be healthy? If that has replaced your common sense then you're done. Game over. With that mindset you wouldn't know a real trader from a popcorn stand vendor. See where I'm going with this?

People here seem to ASSUME you are here to "socialize" and chat about trading. How is THAT healthy? If you wanna chat go to the coffee shop. You're all too busy letting the structure you're interacting with (This site), assume control of what you do, how you do it and WHEN you do it. How is that healthy?

Q - How do you know if someone is a real person with real skills and knowledge?

So far I have seen little evidence that most people would be able to answer this.

As for George, I don't care if he disagrees with any/everything I speak about. If he IS a real life trader then he would have the long range experience necessary to see that what I am saying is true and goes beyond opinion and conjecture. Possibly the main differences between him and me would be strategy, tactics and goals. And of course what we trade.

So there you have it.

So if you just want to "socialize" then go down to your local hair salon. If you want to improve yourself and your trading then GET OFF YOUR ASS !!

Let's see how you go with that.

Peter
Real Trading is not gambling.
  • #584
  • Dec 29, 2020 12:53am Dec 29, 2020 12:53am
Quoting asset21
{quote} Actually, the only people doing that here are yourself and Rick, like school children, there has been plenty that Peter has generously donated but you're obviously too stupid or lazy to understand or contemplate it long enough for it to resonate and help you, or maybe you don't need it, in which case you should stage right and exit like you threatened before, only this time grow some balls and make it real. What are you expecting exactly from Peters teachings? money from trading right? in regards to this - at what time? do you want the results...
The simple thing Peter could have done is to start his own thread. Luara didn't gatecrash and take over George's thread. Note I do not say all Peter's contributions are useless. Don't be surprised to see my name in his thread (that is if he starts one).
  • #585
  • Dec 29, 2020 2:17am Dec 29, 2020 2:17am
Quoting Pumi
{quote} The simple thing Peter could have done is to start his own thread. Luara didn't gatecrash and take over George's thread. Note I do not say all Peter's contributions are useless. Don't be surprised to see my name in his thread (that is if he starts one).


As a new member I wasn't able to begin my own designated thread. And to be honest, even if I could have started one, the original thread George started and this thread seemed a good fit for my contributions. Of course what I contribute is only going to apply to people who really want to learn. I have noticed every time I talk about something that's outside the "norm" people's collars go up. So it's easy to conclude that most people are either - still learning the basics and aspiring to master them, or, have become "stuck" or stale in their endeavors to learn.

Either way, I am happy to contribute for as long as possible and I don't particularly care who I annoy or p!@# off while I do it. If people want what they say they want and need, then perhaps a good wake up call is timely.

Just my thoughts about it all.

Peter
Real Trading is not gambling.
  • #586
  • Edited 3:25am Dec 29, 2020 2:49am | Edited 3:25am
Quoting PeterCaleb
I use Futures data and a TT Chart instead of a Time chart.
Hello PeterCaleb,

Sorry but i don't understand "Futures data" (means that you make a projection of the future prices?) , and the difference between Tick chart and what you call Totally Tick chart.

green pips
Bottomless wonders spring from simple rules, which are repeated without end
  • #587
  • Dec 29, 2020 4:03am Dec 29, 2020 4:03am
Quoting limprobable
{quote} Hello PeterCaleb, Sorry but i don't understand "Futures data" (means that you make a projection of the future prices?) , and the difference between Tick data and what you call Totally Tick data chart. green pips


Hi limprobable,

The three are both - independent of each other and - connected by transition trading (The act of interconnected transactions to take advantage of A)price inefficiencies B)'value trades' = I will explain shortly). The 'nature of the three are similar. A TF or price chart is a market view with the emphasis on time allotment. Eg - 1HR chart is a period updated every 1Hr. A TT Chart (Tick Totality Chart) is what some use to view the market with an emphasis on transactions and options for settlement. Options and futures and stock traders "tend" to like these as they show movement of price as closed sales rather than allotted time pieces or fragments of a trading day. Their "period" is based on a predefined number of transaction ticks or individual moves up and down . Eg. I use a Spot TT chart that is circulating at 360 ticks per period. This means that the chart will not draw a new period until 361 ticks have accumulated. 360 for the close of period and 1 for a new period. Even if you choose 360, in real time you have to allow for that extra 1 so your view "flows". In Spot FX, you know it as an up tick or down tick of the price. This is what you see on your chart when a candlestick is flickering up down up down during the time period. "Tick data" is just a form of "accumulating" all those ups and downs and "doing something with it". As you saw from RickM's post with his pic of EURUSD M1 + Tick + Delta, that is one way to "see and view it". As some may already know, Spot FX works a little differently to the other more regulated asset classes. So the activity is reconciled a bit differently. As there always has to be a "connection" between Futures FX and Spot, these markets are commonly asserted to "relate". The same with Index forms and their Derivative brother. Eg - S&P500 Stock Index and Emini futures.

From Google (Too tired to write all out) - The S&P 500 mini, called the S&P 500 E-mini, is a futures contract worth 1/5 the value of a standard S&P 500 futures contract. S&P 500 E-minis have become the primary futures trading vehicle for the S&P 500, dwarfing volume in the standard S&P 500 futures contracts.

Some know price inefficiencies as price or spread arbitrage. These evaporate about as fast as they appear unless you know they're coming. And 'value trade' is a term that reflects the nature of the trade (setup). For me, the truth is usually buried very deep within all the asset classes and you really do need to dig to find it. For a Spot FX trader you can use other asset classes to "inform" you of things that are happening.... and coming. This might be new to some but admittedly I knew this many years ago. You cannot build a global monetary economy without interlinking the classes. Yes I use Futures data to help determine what is happening. But not for speculation. This is where the value trade is necessary. A trade setup that can be classified as a value trade is something that can be repeated over a multiple of 500 - 1000 times in the lifetime of that instrument from its market origin. Eg from before - A BIG gully has formed on the EURUSD 1HR chart and it looks like continuing right back up to the top where it started. You look behind it to see that recent high/rollover stage before it dropped and you can then say "Yep, I can see why it would return to its initiation point." You check other elements in play and prepare to enter on the topping high. Once you see the rollover on the 1M chart, you jump in. NOW you wait. With the help of Futures data and Bond movement, you can see why some are Risk off or on. And with that, you can then look at ore and construction metals as well as Gold. The world stops on a dime and your trade is moving down. You're now in profit and as you have already noted the structure for your exit you wait, wait, wait then pooooof! You're out. There's your markets connection and related move. And there's your Futures data, time and price, your flow of 'intention' of participant and your profit.

I hope that answers your questions.

Peter
Real Trading is not gambling.
  • #588
  • Dec 29, 2020 4:14am Dec 29, 2020 4:14am
A Post Note - You can use Currency alignment to watch each pair and see which one/s the overall market is focused on and is "playing with". Many people have built a whole career around just such a thing. If it suits your thinking and goals it's a good way to do it without accessing outside markets. But for me, I'm not a speculator, so I work harder. Hihihii.

Peter
Real Trading is not gambling.
  • #589
  • Dec 29, 2020 12:00pm Dec 29, 2020 12:00pm
some books to read if you want to talk one level above others
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many threads on this topic in FF but disappeared into thin air
  • #590
  • Dec 29, 2020 6:11pm Dec 29, 2020 6:11pm
Quoting failinforex
some books to read if you want to talk one level above others {image} many threads on this topic in FF but disappeared into thin air
Indeed.

Peter
Real Trading is not gambling.
  • #591
  • Dec 29, 2020 6:27pm Dec 29, 2020 6:27pm
Hi Peter

I have been putting together some charts and I think I can see some of the things you discuss. Im wondering if you can add anything or maybe mention something further about RR, I noted your earlier response was looking for 1;5, 1;6, which would mean tight entry for what I understand

thanks
Mike
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  • #592
  • Dec 29, 2020 6:56pm Dec 29, 2020 6:56pm
Quoting PeterCaleb
Have 3 guesses how you would trade this in a conservative and profitable way? Is it original? No. Is that important? No. Is it effective and profitable? Yes. Work out the rest for yourself IF you want to train your brain to trade, instead of being poisoned by the riff-raff. Peter
Looking at the chart, if I was to say just go short when both squiggle's are red and get out when a bar closes against you! Then if I give a few live calls and it's profitable, does that mean people could trade it? If I was to give a few live calls and it is not profitable, does that mean people couldn't trade it? Those asking for live calls have been here long enough to know better.
Good Trading
  • #593
  • Dec 29, 2020 7:32pm Dec 29, 2020 7:32pm
Quoting asset21
Hi Peter I have been putting together some charts and I think I can see some of the things you discuss. Im wondering if you can add anything or maybe mention something further about RR, I noted your earlier response was looking for 1;5, 1;6, which would mean tight entry for what I understand thanks Mike {image}


asset21,

At a basic and brief level, here is what I see. Of course this is hindsight BUT I use the exact same approach for real time activity.

**User Beware - As this is the Gold base, be careful to accommodate for proper use of your overview chart eg 1H etc or whichever one you use. Your targets WILL be your 1:5 or 1:6 only when your M1 or TT chart entry is reasonable and you scale in after the reversal on micro pullbacks where price is temporarily stalling then carrying on. People seem to think that 1:5 or 1:6 HAS TO be from first and only entry to full target. Sometimes the market simply does not make it to full target as anticipated or even expected, so with micro pullbacks you can counteract this from causing problems to your profitability.

asset21 .... your chart ....

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And the revised chart from me.....

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See how you go with that.

Peter
Real Trading is not gambling.
  • #594
  • Dec 29, 2020 7:38pm Dec 29, 2020 7:38pm
Quoting aud
{quote} Looking at the chart, if I was to say just go short when both squiggle's are red and get out when a bar closes against you! Then if I give a few live calls and it's profitable, does that mean people could trade it? If I was to give a few live calls and it is not profitable, does that mean people couldn't trade it? Those asking for live calls have been here long enough to know better.


Yes OK. And yet you're STILL here. Any thoughts WHY. Perhaps you're afraid of the outside world. Larry Williams, for eg, did some live trade calls in his career and he is not a very good trader. He is a systems trader. This is how he counteracts his weaknesses. See the trees through the forest yet?

Have fun.

Peter
Real Trading is not gambling.
  • #595
  • Dec 29, 2020 8:05pm Dec 29, 2020 8:05pm
Quoting aud
{quote} Looking at the chart, if I was to say just go short when both squiggle's are red and get out when a bar closes against you! Then if I give a few live calls and it's profitable, does that mean people could trade it? If I was to give a few live calls and it is not profitable, does that mean people couldn't trade it? Those asking for live calls have been here long enough to know better.
Giving live call gives the viewer a chance to understand the setup completely, without “I told you so” comments after the trade has completed.
No one cares whether the trade has a win or loss outcome, just that the trader is prepared to stand up and be counted - has the guts to put their hand up for what they believe is a good trade.
We do this in our live trading room and not one negative comment is ever made to losing trades.
Why?

Think about it.
Trading thin liquidity at the boundary of the charts
  • #596
  • Dec 29, 2020 8:18pm Dec 29, 2020 8:18pm
A footnote to my last post.

In 1942, my grandfather was part of the home guard where they were left to protect my home town of Wellington. They had a group of 87 men, one gun with 5 bullets.
But they had 86 broom sticks carved out to look like guns from a distance of 100 yards.
Every morning, they would match up and down Petone beach to protect the city because a few Japanese submarines had been seen surfacing in the waters of Wellington harbour.
My grandfather never had the gun, just a broomstick but he had one thing.
Guts to stand up for what he believed in.

And you guys are worried about making a live call.

G.........S
Trading thin liquidity at the boundary of the charts
  • #597
  • Dec 29, 2020 9:04pm Dec 29, 2020 9:04pm
Quoting RickM
{quote} Giving live call gives the viewer a chance to understand the setup completely, without “I told you so” comments after the trade has completed. No one cares whether the trade has a win or loss outcome, just that the trader is prepared to stand up and be counted - has the guts to put their hand up for what they believe is a good trade. We do this in our live trading room and not one negative comment is ever made to losing trades. Why? Think about it.


Ok you're one of those types of traders. Trading room. War room. Etc. Yes I suppose that might have its place to aid some people. However "No guts no glory" is for children looking to impress. And those things don't impress me. Personally I don't care what people think. People's trading is about them. If you/they haven't worked that out yet, then maybe it's time. Children want the magician to tell them how it's done but another magician goes away and works it out for themselves.

There's nothing fantastic about all these things. My trading accounts and my family are what count for me. People wanting or still learning the basics, need to start at the beginning. For everyone else I sense people need a serious attitude adjustment. Let's hope this is taken seriously by all and then you can make the new year a better year for your trading activities.

Peter
Real Trading is not gambling.
  • #598
  • Dec 29, 2020 10:03pm Dec 29, 2020 10:03pm
Quoting PeterCaleb
{quote} asset21, At a basic and brief level, here is what I see. Of course this is hindsight BUT I use the exact same approach for real time activity. **User Beware - As this is the Gold base, be careful to accommodate for proper use of your overview chart eg 1H etc or whichever one you use. Your targets WILL be your 1:5 or 1:6 only when your M1 or TT chart entry is reasonable and you scale in after the reversal on micro pullbacks where price is temporarily stalling then carrying on. People seem to think that 1:5 or 1:6 HAS TO be from first and...
thanks very much
  • #599
  • Dec 29, 2020 10:50pm Dec 29, 2020 10:50pm
Quoting PeterCaleb
{quote} Ok you're one of those types of traders. Trading room. War room. Etc. Yes I suppose that might have its place to aid some people. However "No guts no glory" is for children looking to impress. And those things don't impress me. Personally I don't care what people think. People's trading is about them. If you/they haven't worked that out yet, then maybe it's time. Children want the magician to tell them how it's done but another magician goes away and works it out for themselves. There's nothing fantastic about all these things. My trading...
Like I said before, anyone who challenges your big ego, just cut em down, try and silence them, how predictable, I guess that's all we can expect from you now.
  • #600
  • Dec 29, 2020 11:04pm Dec 29, 2020 11:04pm
Quoting RickM
A footnote to my last post. In 1942, my grandfather was part of the home guard where they were left to protect my home town of Wellington. They had a group of 87 men, one gun with 5 bullets. But they had 86 broom sticks carved out to look like guns from a distance of 100 yards. Every morning, they would match up and down Petone beach to protect the city because a few Japanese submarines had been seen surfacing in the waters of Wellington harbour. My grandfather never had the gun, just a broomstick but he had one thing. Guts to stand up for what...
You got me laughing with your grandfather's story, the true guts of the men of old. Anyhow, we have to cope with the toddlers full of ego, using hindsight to impress fellow dopes


Regard,
Mbae
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