Price action at the core = family members' discussion project | Page 52 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Price Action and Trading Discussion 5,928 replies

Price action at the core / tma intra day 5,016 replies

Price Action discussion 26 replies

Volume Price Level Trading Discussion Area 1 reply

Attachments: Price action at the core = family members' discussion project
Exit Attachments

Price action at the core = family members' discussion project

  • #1,021
  • Edited 8:15pm Jan 27, 2021 5:52pm | Edited 8:15pm
Quoting TimeTells
Cheers bilal, Annotations, yes sorry. I used to read annotations on others’ charts provided, but it didn’t help me for the future I found (though I understand with others it can and does). I just wanted to clear my mind of constructs such as Pivots, Fibs, Accumulation/Distribution, Supply & Demand, Support & Resistance (which apparently can flip from one to the other), etc. And I understand after being on the Factory that everybody is trading the same market. But they look at it in different ways. And as ‘different’ individuals with different...
I write this again not to boast but to tell what the market actually is which many traders think is random so unpredictable when it is not. There is more to the true market structure than what you have written. You are merely scratching the surface. The tip of an iceberg. Your post is typically misleading and misteaching. That's my message to you and everyone. Again not boasting or putting you down. Pure trading post. I hope I have not ruffled your feathers. If you take it the wrong way that's YOUR problem. Anyway I am prepared for the rotten tomatoes and rocks thrown at me abuse. If the OP was active he would put me on ignore, disallow such post that consequentially shape the trading mindset the wrong way. The reason why I write this post. And no I won't go further than what I have written. I have limits to what I write on forum.
Know what you trade
  • #1,022
  • Edited 6:19pm Jan 27, 2021 6:00pm | Edited 6:19pm
Quoting bilal1947
Hi Sir thank you for taking out time to write me back stay safe and healthy and if time permits i would like to learn about inflection points and targets to grow further. just entered with 0 draw down 1 st entry on dot 2nd not so dot but manage to BE and took partials, i like to enter with 0 draw down entries or smallest of the SL but learning should continue... stay safe and blessed Bilal {image}
Bilal, you are one of the best trader I have seen. You definitely know what you're doing. I'm not writing this to lick your boots, I never do that as I always speak my mind that tend to ruffle other people's feathers. It's the truth. A rare gem on this forum. You make my day and its an honour to meet you anonymously on forum.

May I ask a question, did you execute that last trade from your phone?

Many FF members on here especially with red diamonds think they are great experienced skilled knowledgeable traders. I have this message for them. They have yet to see true skilled, knowledgeable traders yet. Again not boasting or referring to myself or to put others down. Great looking TE don't cut it. Great profitability don't cut it. Large account size don't cut it.

Bilal,you fall into this small category of special traders. I know when I see one. I don't have to see your TE. There's a reason behind it and I believe you know it too.

Bilal, keep posting your trades on here so that members who wish to learn and improve their trading can learn from your trades. Thank you sir.
Know what you trade
  • #1,023
  • Jan 27, 2021 7:19pm Jan 27, 2021 7:19pm
Quoting BWilliam
{quote} I write this again not to boast but to tell what the market actually is which many traders think is random so unpredictable when it is not. There is more to the true market structure than what you have written. You are merely scratching the surface. The tip of an iceberg. Your post is typically misleading and misteaching. That's my message to you and everyone. Again not boasting or putting you down. Pure trading post. I hope I have not ruffled your feathers. Anyway I am prepared for the rotten tomatoes and rocks thrown at me abuse. And no...
Pete really has got under your skin Vee...
  • #1,024
  • Edited 7:45pm Jan 27, 2021 7:23pm | Edited 7:45pm
Quoting moodybot
Pete really has got under your skin Vee...
Nope, I wrote clearly why I made that post. Its got nothing to do with Pete, nothing personal. When it comes to trading I am never personal. If you want a friend get a dog, that's my mindset in trading. And this is a forex trading forum.

And you guys have to keep guessing the letter, told you the answer is with PF. See I don't care if I get banned, no ego.

Edit - strange that you guys work so hard to get a naysayer banned. I am a naysayer, calling bullshite when I read them. That's my only crime. Everything else is thrown at me, left right center on top below every which way possible. Oh yes scammer, that's it! Ban!!!
Know what you trade
  • #1,025
  • Jan 27, 2021 7:37pm Jan 27, 2021 7:37pm
Here's an interesting read for someone who is prepared to push the limits of their thinking when relating trading and real life.....


https://www.independent.co.uk/life-s...-a7620941.html


Attached Image



Peter
Real Trading is not gambling.
  • #1,026
  • Jan 27, 2021 7:48pm Jan 27, 2021 7:48pm
Short and sweet
Attached Image (click to enlarge)
Click to Enlarge Name: RzDYmAG.png Size: 251 KB

Don't trade like institutions, thinking the more complex the more pro you will be, also don't talk like a institutional pro trader if you are not.

Attached Image (click to enlarge)
Click to Enlarge Name: JzJBUX6.png Size: 122 KB

Simplicity of a retail trader - look at the chart.

Attached Image (click to enlarge)
Click to Enlarge Name: yL1V58z.png Size: 83 KB
Remember read that MAUNAL.
  • #1,027
  • Jan 27, 2021 7:56pm Jan 27, 2021 7:56pm
Quoting PeterCaleb
Here's an interesting read for someone who is prepared to push the limits of their thinking when relating trading and real life..... https://www.independent.co.uk/life-s...-a7620941.html {image} Peter
The personality and mindset type best suited for trading is,

"If you need a friend get a dog." unquote Gordon Gekko
Know what you trade
  • #1,028
  • Jan 27, 2021 8:00pm Jan 27, 2021 8:00pm
Just in case you need more info on market structure -
pipfarm

There is also a video attached in that thread.
  • #1,029
  • Jan 27, 2021 8:14pm Jan 27, 2021 8:14pm
If I removed your brain from your skull, would you still be able to trade?

At first glance it may seem silly to ask this question. However, there is a rather distinct line that is always there and HAS always been there. This line separates people in a way where mediocrity is "good", is "acceptable", is "pleasing". What the 'trading world doesn't advertise is that most traders are merely a few steps away from losing everything, from trading Bankruptcy. Unless you've seen it happen or it's happened to you, you probably don't even give it a second thought.

But this is not to scare you. I write this because there is a good reason why people "love" sites like this. And why the legitimate person who really IS a proper trader, comes onto these sites for some time then grows out of a place like this.

For me, I did it the other way round. I spent my life in the real world then decided to share some of the things I have learned.

It would be untruthful to suggest that a site like this really "helps people". It's more about group think and the acceptance of certain mediocre ideas and functions. You can see it on every thread (I've visited) and specific behaviors in people play out when certain situations arise.

A simple minded fool can be conned or led astray because they don't know their own mind. And group think plays a very big part in providing false hope for many people. I doubt most people on this site have lived long enough and traded long enough to know without a doubt what I mean. But maybe there'a a few around. If you think I'm just ranting and carrying on, you'd be a fool. Deeply compressed life experience cannot be outmatched and while people grasp tightly to their opinions and apparent beliefs, Time has been, and will always be, a great teacher of the truth.

If you over simplify a life lesson, you're basically screwing yourself out of a great opportunity. Trading is not just about technical process, nor is it just about money. But if you're a simpleton in your thinking, then you're always looking for the shortcut, the quick answer, the easy road to learn. And on top of this, you're too audacious in your attitude to even realize you've just conned yourself out of learning that would aid you to step up to the next level.

Remember complex to one person is simple to another.


Attached Image (click to enlarge)
Click to Enlarge Name: Confirmation-Bias.png Size: 122 KB


Being a simpleton does not translate into "safe" or "knowledgeable".


Attached Image (click to enlarge)
Click to Enlarge Name: 6-trading-success-keys-e1586650611162.png Size: 34 KB


And being a person who has an opinion is actually the lowest form of intelligence. Not my words. A proven factual truth that Time itself has proven.


So you have to ask yourself AT SOME POINT, the question ....

What do I actually know and understand that is both helping me AND hurting me?


Attached Image (click to enlarge)
Click to Enlarge Name: 1_9QmegfdXSdA9F3Ue3yLixw.png Size: 129 KB


Peter
Real Trading is not gambling.
  • #1,030
  • Jan 27, 2021 8:17pm Jan 27, 2021 8:17pm
Quoting PeterCaleb
If I removed your brain from your skull, would you still be able to trade? At first glance it may seem silly to ask this question. However, there is a rather distinct line that is always there and HAS always been there. This line separates people in a way where mediocrity is "good", is "acceptable", is "pleasing". What the 'trading world doesn't advertise is that most traders are merely a few steps away from losing everything, from trading Bankruptcy. Unless you've seen it happen or it's happened to you, you probably don't even give it a second...
May God bless you.
Practice makes a person perfect
  • #1,031
  • Jan 27, 2021 8:42pm Jan 27, 2021 8:42pm
Attached Image (click to enlarge)
Click to Enlarge Name: 4sjfV56.png Size: 436 KB
Fractal cycle and pattern recognition

If there is only 1 chart, no other market information available, can you still trade.

and if i tell you audusd almost there can you see it?
  • #1,032
  • Jan 27, 2021 8:46pm Jan 27, 2021 8:46pm
Just want to point out one important point.

The pic shows regular recognisable determinable context.

The real market is highly irregular. That makes it unrecognisable. It's the same problem for everyone.

The challenge is not limited to study and arm ourself with this basic theoretical structure. It is a must have starting point. The challenge is to maintain the same level of recognition even in highly irregular structures. Remember this, the actual market structure has unlimited level of irregularity. That's the random aspect of all markets that academics classify as random walk and Levy flight.
Attached Image
Know what you trade
  • #1,033
  • Jan 27, 2021 8:48pm Jan 27, 2021 8:48pm
People who have never actually lived the life of a real life trader (Minus all the ridiculous social landfill on a site like this) are not aware of what it looks like, from this perspective.

The market doesn't care if you're an immature prat, or a whiz kid with numbers. It doesn't care if you have a gold star next to your name on sites like this. Hihihihihehehehe.

THE ONLY THING IT IS CONCERNED WITH IS - the two questions .....

"Do you see what I see?" and "Can you do what I do?"

All this silliness about retail trader vs institutional trader and liquidity providers.

It's enough to send a man to drink !!!

From what I can tell, it seems that basically NO ONE here has EVER known an institutional trader.... a REAL LIVE PERSON who trades at a bank etc.

Are you kidding me ???!!!

So HOW would YOU know what they're like as traders, as people, and EMPLOYEES ??!!!!

IS it sinking in yet?

They are PEOPLE . ..... . JUST LIKE YOU.

They crap their pants when they get overextended JUST LIKE YOU. They cheer when a nice big trade goes their way ...... JUST LIKE YOU. The main difference is ..... IT'S THEIR JOB. Not some fancy-pancy hobby or some over-simplified dream or fantasy about lots on money etc etc.

How would I know this? Because I don't crawl around and sculk on sites like this and call it "real life". I have lived my life and known these people and done business with them.

Your "precious attitudes" and opinions are worthless when the objective truth hits you in the face.

But what I see is that people have NO CLUE where their opinion SHOULD cease and desist and the objective truth and reality SHOULD begin.

So for example, a thread like this one. It has the potential for something much more. But most people are still trying to look in their diapers to see what's cold and wet that keeps sticking to them.


Are you kidding me ???!!!


Silly excuses, shortsightedness and deliberate over simplifying of many EXTREMELY important elements of trading. And you wonder why you're not doing better? Why, when someone like me comes along, who just naturally can discuss making a four figure trade with friends. NOT because I brag or gloat but because THEY'RE MATURE ENOUGH to appreciate what that means, what it takes and what's required of ME to do that repeatedly.

1,000.00

It's just a number. If you cannot fathom or believe that SOMEWHERE "out there", someone is generating a $1000.00 profit on a trade setup, then you're in A LOT of trouble.

It is ONLY the final 0.01% of your trading activity that places that order to market.


Attached Image (click to enlarge)
Click to Enlarge Name: quote-a-closed-mind-is-a-dying-mind-edna-ferber-9-44-82.jpg Size: 47 KB





Peter
Real Trading is not gambling.
  • #1,034
  • Jan 27, 2021 8:57pm Jan 27, 2021 8:57pm
Quoting failinforex
{image}Fractal cycle and pattern recognition If there is only 1 chart, no other market information available, can you still trade. and if i tell you audusd almost there can you see it?



If you wish to spotlight "pattern recognition" then OK. I'll stick with "context recognition" which IS the real life market structure. Chart patterns change. And I'm talking about over decades not just hours or days.

I can teach you 'the nature of trading OHLC" without any other information, however, is your mind ready for it? What would be the point of trying to teach someone who fights, bites, scratches and screams while simultaneously saying "I want to learn". The word for that .... insane.

Peter
Real Trading is not gambling.
  • #1,035
  • Edited 9:27pm Jan 27, 2021 9:10pm | Edited 9:27pm
Quoting PeterCaleb
I can teach you 'the nature of trading OHLC" without any other information, however, is your mind ready for it? What would be the point of trying to teach someone who fights, bites, scratches and screams while simultaneously saying "I want to learn". The word for that .... insane. Peter
I am ALWAYS open to learning. From anyone. Even losers, my best teachers. IF there are things to learn. In a highly complex market there are always things beyond us to learn. So post your teaching, I won't mock.

Most members on here, winners and losers alike, have a big EGO. They think they are highly knowledgeable. Not here for learning but boasting. Even when they know nuts they are SELECTIVE from whom they learn. That's Ego. End up as devotees cheering and jeering.

The biggest common mistake is to think that highly profitable traders mark by pretty TE account dangled on forum are the best teachers. Big mistake.
Know what you trade
  • #1,036
  • Jan 27, 2021 9:13pm Jan 27, 2021 9:13pm
This is someone's learning curve when they possess a deep enough motivation to learn properly.....


Attached Image (click to enlarge)
Click to Enlarge Name: HINDSIGHT LESSON.png Size: 37 KB


And here's someone's learning cure when they flounder about, being distracted and "entertained" by peer group thinking, opinions and group think .......


Attached Image (click to enlarge)
Click to Enlarge Name: Gold_Prices_1980_chart_history_SD_Bullion_SDBullion.com.png Size: 29 KB


Peter
Real Trading is not gambling.
  • #1,037
  • Jan 27, 2021 9:45pm Jan 27, 2021 9:45pm
Where I come from, we have little time for deliberate and chosen stupidity and intentional ignorance. In some cases, being that way or thinking that way, could get you mauled or killed.

And I suppose that attitude has stayed with me all these years. My wife says I'm stubborn. Mmmm maybe she's a little right !! Hihihi

In my experience, I don't really care about your skin colour, creed, gender or anything like that. But if you show traits of someone who resists what you say you want or even need, then there's something wrong. Just the same with these fools who "troll" the internet. I think that's the word people mostly use isn't it. Unless they're some advanced AI type program that pretends to be a person, then it's likely you're just dealing with a person with turds for brains and the emotional maturity to run with it.

I don't dance to the same beat as other people.

I don't look for "hidden patterns" or "secret frequencies" or "magical conditions" when I trade. I do what worked 100 or even 1000 yrs ago. And will continue to work for as long as these markets are tradable.

People don't understand one very pertinent concept - a bag of something and a bowl of something are viable for either - consumption, or an exchange when a suitable agreement is reached. And you don't need money or "technology" to see this, you need daylight or fire light and you. PERIOD.

If people do not confess to just how "full of crap" they are then they can never learn. Doing this creates a precedent in your being and from there, you can be open to learn. Not my opinion. It's true, always was and will be. Is testable and provable and verifiable.


Peter
Real Trading is not gambling.
  • #1,038
  • Jan 27, 2021 9:50pm Jan 27, 2021 9:50pm
Quoting PeterCaleb
I don't look for "hidden patterns" or "secret frequencies" or "magical conditions" when I trade. I do what worked 100 or even 1000 yrs ago. And will continue to work for as long as these markets are tradable.
You made your point. Repeating is senseless, thats spamming. You're getting your emotions entangled.

Cut the crap. Show us how you trade with that "what worked 100 or even 1000 yrs ago. Demonstrate it with charts.
Know what you trade
  • #1,039
  • Jan 27, 2021 9:51pm Jan 27, 2021 9:51pm
Quoting BWilliam
{quote} Nope, I wrote clearly why I made that post. Its got nothing to do with Pete, nothing personal. When it comes to trading I am never personal. If you want a friend get a dog, that's my mindset in trading. And this is a forex trading forum. And you guys have to keep guessing the letter, told you the answer is with PF. See I don't care if I get banned, no ego. Edit - strange that you guys work so hard to get a naysayer banned. I am a naysayer, calling bullshite when I read them. That's my only crime. Everything else is thrown at me, left right...
Have no intention whatsoever of getting you banned!
Just wanted to let you know that.
  • #1,040
  • Jan 27, 2021 9:54pm Jan 27, 2021 9:54pm
Take a look at this screenshot.This is a mt4 testing model I use. It's simple and clean. There is NOTHING superfluous there. No wasted space and nothing to hide or keep "secret" ...... ooooooooooooo !!


Attached Image (click to enlarge)
Click to Enlarge Name: TESTING WINDOW.png Size: 118 KB


Now don't do what some people are obsessed with doing on here ..... trying to imitate or copy what I have setup. You have NO CLUE as to WHY I setup that view with those settings and tools and layout.

However it is healthy to observe and think.

Peter
Real Trading is not gambling.
0 traders viewing now