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Price action at the core = family members' discussion project

  • #1,141
  • Edited 5:00am Jan 29, 2021 4:26am | Edited 5:00am
Quoting BWilliam
{quote} Relax we're privileged to see the best institutional pro in action.
On ignore list of scammers, deceivers and low IQ individuals. Exclusively
  • #1,142
  • Jan 29, 2021 4:57am Jan 29, 2021 4:57am
Please dont troll degrade anyone, we are here to learn its okay to be wrong as long as we are learning
"Exchange of hands"
  • #1,143
  • Jan 29, 2021 4:58am Jan 29, 2021 4:58am
Quoting PeterCaleb
Thinking exercise - If I was to try and punch you in the head, how many times would I make contact before you would either A - Move backwards away from it? B - Move to the side to avoid it? C - See it coming and either block it, or use its force to your advantage? Just for once, don't just react with silly comments. Really give this some thought. Peter
please tell directly dont buy a selling candle i will practise it, saying things indirectly are a long route.
"Exchange of hands"
  • #1,144
  • Jan 29, 2021 4:59am Jan 29, 2021 4:59am
Quoting PeterCaleb
{quote} bilal1947, You're placing far too much energy into suppositions. Trump's tweets or corona news is not the market. "Buy the rumor and sell the fact." - ring any bells? These things are not constants. Although the news about something often spills over into the same timeline of market activity, trading news or trading on news is for someone who knows how to "read between the lines" and is not for people starting out. If I utilize any news coming out it MAY soak up about 1% of what I see as useful. But because I have been doing this for a very...
we cannot unlink price with the prevailing economic scenario
"Exchange of hands"
  • #1,145
  • Jan 29, 2021 5:00am Jan 29, 2021 5:00am
Quoting BWilliam
Allow me to make a fool of myself. I don't trade gold. A quick look at the chart for a minute told me this shown in the pic. The probability to break the top arrow is lower than the bottom arrow. Don't take this post as signal or whatever trading shite. Don't blame me for whatever trading decision you make. Take it as a joke post. {image}
support resistance are retailers trap look for order blocks
"Exchange of hands"
  • #1,146
  • Jan 29, 2021 5:21am Jan 29, 2021 5:21am
Quoting PeterCaleb
A suitable trade yet a small trade on the EURGBP while I watched my favorite show ..... {image} Peter

Hmm...It's a nice symmetrical trade...RTM Style

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  • #1,147
  • Jan 29, 2021 5:23am Jan 29, 2021 5:23am
Quoting BWilliam
{quote} Correct, the probability changes that give the unlimited irregular permutations. The idea is to spot them on the sine wave that very few know how.
Can you give an example of that on a chart?
  • #1,148
  • Jan 29, 2021 5:28am Jan 29, 2021 5:28am
Quoting bilal1947
support resistance are retailers trap look for order blocks
I adapt your method for gold. But there's no divergence for entry ?
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Know what you trade
  • #1,149
  • Jan 29, 2021 5:46am Jan 29, 2021 5:46am
Quoting Danger-Mouse
Can you give an example of that on a chart?
Example on Gold.
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  • #1,150
  • Jan 29, 2021 6:01am Jan 29, 2021 6:01am
please tell directly dont buy a selling candle i will practise it, saying things indirectly are a long route.

If you want to learn to trade properly you need to be able to think laterally and abstract when the situation asks for it. So my suggestion is to return to the thinking exercise and have another go at understanding it. Each time you think you do not understand it, write that way of seeing it on a list and then try again. There is no getting around this process, sorry. You need to train your mind to think in different ways.

we cannot unlink price with the prevailing economic scenario

These days most people have no clue how to proficiently combine their emotional and mental thinking with their instincts. The best individuals who do this are the ones who see the connection between cause and effect, effect to cause and cause to cause. A good eg of a person who does this is someone who trades off "fundamental elements of society". Eg Soros. He doesn't use silly things like Order Blocks or Market maker or bulls and bears to determine the reality of something. He opens the window as he reads the paper and makes his calls to different parts of the world. If you want or need "good" information you go to the source - the true concepts in play.

Superficial news comes and goes. The news story changes but the market keeps doing what it needs to do. The word you need to understand better here is "prevailing". The prevailing wind sinks no ships but it also needs to end.

Literally most of what I have seen mentioned on this site and sites like this, are realistically useless in the real world. Why? People only focus on "when it's working" and never when it's not or when it breaks down. Eg - go back to Swiss frank depegging. Eg - June 2016 re: Brexit. And on and on the list goes of situations where the markets "stop working as they're supposed to". People simply don't like thinking about tragedy or disasters.... and even MORE so when it comes to the financial markets.

It is a REAL skill to place all the layers in line when you go from the REALLY BIG picture through the levels and down to what you consider an 'economic scenario'. To me, following news stories is similar to going to the toilet, flushing it then jumping in after it and following it down to "wherever" it goes.

Yes there IS a relationship but I wouldn't get too obsessed about news and "Ooooh the coronavirus". If you go and research the pathways of certified underwritings of money (eg Gold reserve), fiat currency and custom currency exchanges (Eg bitcoin), you will be able to learn about the co-dependent relationships that exist between all these things. Too much to explain here. But generally, the basic premise is - Fearmongering has always existed in and outside the financial markets.

If you are doing your job properly, as a trader, you will focus on having a plan for best AND worst case scenario of what "happens next" in the world. Coronavirus has little to do with Risk ON and Off, apart from the basic motivations that have always existed - Make more money and keep more protected. Try and keep things TRUTHFUL and SIMPLE. Then you don't over-step and make things over-simplified and start removing parts of your understanding that actually are essential. Some people on here have been doing this and it always comes back to bite you on the ass.

support resistance are retailers trap look for order blocks

ALL tools, strategies, tactics have their 2 sides = strengths and weaknesses. You cannot have day without night.

Silly people on here are very quick to dismiss things they obviously do not understand. This may be why they jump from system to system and strategy to strategy and person to person.

As a function of a market's participant's biases, yes S&D and S&R and order blocks can be used, but personally, I would not put too much stock in them. Why? I prefer to work with (as much as possible) the types of tools that work minimum 80-90% of the time or greater. That's not a brag etc. It's a fact. I find it helps me keep my sanity.

Your statement is of someone who has yet to realize the flaws in "Order Blocks" etc. To me, they are no better than S&D and S&R because sometimes they work and sometimes they don't. But you need to arrive at your own conclusions.

If you really want to learn properly, it would be wise to consider EVERYTHING on this site as "retail trader trap material" until you have the chance to review it objectively. But you can only do this by stepping back from it all and spend some time to look at it all from as many differing perspectives as possible. With this I don't mean people on here and their opinions. I am referring to the different types of trade setups, different "status" of trader eg - retail, institutional etc. including the different types of markets that operate. The more thorough you are in your research the more accurate your understanding will become.

Sorry for all the words. Sometimes there's no quick easy way to explain things.

Peter
Real Trading is not gambling.
  • #1,151
  • Jan 29, 2021 6:02am Jan 29, 2021 6:02am
Quoting Danger-Mouse
{quote} Hmm...It's a nice symmetrical trade...RTM Style {image}


If you say so. I don't know who that is. I just use my common sense.

Peter
Real Trading is not gambling.
  • #1,152
  • Jan 29, 2021 8:14am Jan 29, 2021 8:14am
Quoting PeterCaleb
Trading is a concept, an idea. Peter
Constant or not ? Long time ago i consider trading like a problem to solve. I write all the paradox on paper and try to solve each one. For me trading was solving paradox. From the simpliest to complex ones. There are hundred.
For example :
- Buy/sell
- Up/down
- Right/left
- Real Time/trading time
- I see an up candle on 4h Tf and a down candle on 1hTF
- Both buyers and sellers on a candle can be winner on the next candle
- I see a range market on 4h and a trend market on 15 mn
- Some resistance/support works another don’t
- Some indicators works on trend and not on range some others do the opposite
- Some indicators show me the same things some others don’t.
- Some prices always revisited some others don’t

Etc etc. Any ideas with trading have his opposite. Both can be true.
Then what ? it helps me to find what is constant and what it is not.
Bottomless wonders spring from simple rules, which are repeated without end
  • #1,153
  • Jan 29, 2021 8:24am Jan 29, 2021 8:24am
Quoting limprobable
Constant or not ? Long time ago i consider trading like a problem to solve. I write all the paradox on paper and try to solve each one. For me trading was solving paradox. From the simpliest to complex ones. There are hundred. For example : - Buy/sell - Up/down - Right/left - Real Time/trading time - I see an up candle on 4h Tf and a down candle on 1hTF - Both buyers and sellers on a candle can be winner on the next candle - I see a range market on 4h and a trend market on 15 mn - Some resistance/support works another don’t - Some indicators...
This universal trading approach is what EVERY trader do. Trade some form of "indicator". Candlestick pattern and Price Action is based on candlestick. Candlestick is also an indicator. That's the reality although clean chart price action traders based on support and resistance or supply and demand argue that they are not similar indicator traders. Fact is they are.

Only traders who trade tick charts with nothing else on their tick charts are traders who trade without indicators.

Quoting limprobable
{quote} Constant or not ? Long time ago i consider trading like a problem to solve. I write all the paradox on paper and try to solve each one. For me trading was solving paradox. From the simpliest to complex ones. There are hundred. For example : - Buy/sell - Up/down - Right/left - Real Time/trading time - I see an up candle on 4h Tf and a down candle on 1hTF - Both buyers and sellers on a candle can be winner on the next candle - I see a range market on 4h and a trend market on 15 mn - Some resistance/support works another don’t - Some indicators...
If trading is solving a paradox throw in discretion that's true for traders in general then what do the academicians call this. Random walk and levy flight market.
Know what you trade
  • #1,154
  • Jan 29, 2021 10:09am Jan 29, 2021 10:09am
Quoting PeterCaleb
please tell directly dont buy a selling candle i will practise it, saying things indirectly are a long route. If you want to learn to trade properly you need to be able to think laterally and abstract when the situation asks for it. So my suggestion is to return to the thinking exercise and have another go at understanding it. Each time you think you do not understand it, write that way of seeing it on a list and then try again. There is no getting around this process, sorry. You need to train your mind to think in different ways. we cannot unlink...

Its totally okay you have a different opinion which is better for you and working its fine, but how i learn? I like to practice things on charts, practice swimming in a pool before so i wanna practice your trading style on charts even past charts okay if you may explain a chart on a. Htf and how to execute an entry on what candle, it would be beneficial.

If its possible else its okay, never mind.
Thank you for your time stay blessed and at peace
"Exchange of hands"
  • #1,155
  • Jan 29, 2021 10:23am Jan 29, 2021 10:23am
Quoting bilal1947
{quote} Its totally okay you have a different opinion which is better for you and working its fine, but how i learn? I like to practice things on charts, practice swimming in a pool before so i wanna practice your trading style on charts even past charts okay if you may explain a chart on a. Htf and how to execute an entry on what candle, it would be beneficial. If its possible else its okay, never mind. Thank you for your time stay blessed and at peace
I have found a holy grail. Tell me what is it? I am not going to show you as this game is not for the lazy. But do more study and thorough research and you will also find it. In the meantime dump everything you are using.
  • #1,156
  • Jan 29, 2021 10:28am Jan 29, 2021 10:28am
Quoting bilal1947
support resistance are retailers trap look for order blocks
Forex is weird.
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  • #1,157
  • Jan 29, 2021 10:37am Jan 29, 2021 10:37am
Order Blocks are misunderstood by many. The character of an Order Block is not constant. A simple example is that of a trader who places a pending order in an Order Block. Lets assume that this is the only unfilled order on that price level or zone. Along the way the trader decides to cancel the order. Now will the market maker try to fill and match price of an order that is no longer there?
  • #1,158
  • Jan 29, 2021 10:48am Jan 29, 2021 10:48am
Quoting BWilliam
{quote} Correct, the probability changes that give the unlimited irregular permutations. The idea is to spot them on the sine wave that very few know how.
I heard from RickM about frequency, sinewaves of the market but there are no information out there on these subjects
  • #1,159
  • Edited 11:12am Jan 29, 2021 10:50am | Edited 11:12am
Quoting Pumi
Order Blocks are misunderstood by many. The character of an Order Block is not constant. A simple example is that of a trader who places a pending order in an Order Block. Lets assume that this is the only unfilled order on that price level or zone. Along the way the trader decides to cancel the order. Now will the market maker try to fill and match price of an order that is no longer there?
I don't believe in order blocks or even basic orders for that matter. From what I've seen the market moves, meaning candles of whatever timeframe is pure manipulation. A visual illusion. Just imagine there's no candle or bars on our charts just the bid ask line and ticks dots. How would we traders perceive the market ?

I think everyone of us are fooled by bars or candles whichever we use. Try to remove them from your charts to understand what I mean. Blank out your chart.
Candlestick and bars, the creation of a grand illusion to fools us.
I guarantee you if anyone try what I recommend to watch the charts without bars, candles or lines for sometime they will regain their normal perception of the market.
Or try watch a tick chart. No more manipulated by the market maker. try it.

Imagine a real market trading in auction as you watch the bid ask line go up and down. They are all fake.
Imagine the market is trading bananas.

Ask yourself this very important question,

What made you think the banana price go up or down from here?

Try answer this very very very important question. Be very honest with your answer.

Answering this question watching an empty chart with only bid and ask line will make you realise your manipulated perception of the market.
There's no other way to get out of this illusion.
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  • #1,160
  • Jan 29, 2021 11:14am Jan 29, 2021 11:14am
Quoting PeterCaleb
Gold Today .... {image} Peter PS - Show me your concrete proof of data that proves unanimously that "the market" likes to eat stop losses. Please return to my earlier posts to train your mind to step beyond storytelling.
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"Exchange of hands"
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