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  • #1,821
  • Edited 3:17pm Jan 30, 2021 12:22pm | Edited 3:17pm
Quoting fx11trade
@kette would you mind explaining how you use ccfp? Like Ilves said it is a lagging indicator and price action is way ahead of it, and most of your entries are before the ccfp makes a cross? thank you

Your not looking at his entries properly, He enters on 3 types depending on how price is, he uses it as a confirmation to other parts of his strat combined

1, When CCFp turns upwards/downwards against itself (inwards) towards cross

2, On cross

3, On a break of horizontal or slight inward move (Outwards) away from cross

He also looks at previous shapes sometimes as well, This can only become part of an instinct from continious use

Thats how i see it anyway

EDIT: Just a few examples from late last week

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  • #1,822
  • Jan 30, 2021 2:24pm Jan 30, 2021 2:24pm
Quoting sharingan9
{quote} Nice catch on this brrrrrrruuuuvvvaaaaaa. Golden pipsssss

thank you indeed

(I have learned a new word thanks to you)
dolce vita
  • #1,823
  • Jan 30, 2021 3:42pm Jan 30, 2021 3:42pm
It is tricky to decipher a genius because usually it is so natural to them they can’t articulate it. There is a little language barrier with Kette but still his English is much better than my German, and he is a very generous guy with his time and knowledge. He has many entries and and many charts, but one of the things I think he sees is a sideways cluster of price at large MP, then the exit of that period clearly states buyers or sellers. Then when price gets back to one of those levels, currency strength (CCFP) will give a good guide to whether or not buyers or sellers are now in control.

This is typical of buying/selling at accumulation and distribution levels, although Kette’s entiries are surgical in accuracy. But I also will point out, peak MP levels often occur at traditionally measured support/resistance, open/close and weekly pivots. What is awesome about MP it is time agnostic, look at a 4h chart for supp/res and then look at 1h chart. Eventually you will have so much support and resistance you won’t be able to make a trade. Look at MP in relation to these levels... and you might get some benefit.

I am where everybody else is, the guy is truly one of the best traders I have ever seen, but thought I might give my perspective. No disrespect Wags, who I have to say is trading well.
  • #1,824
  • Jan 30, 2021 3:48pm Jan 30, 2021 3:48pm
Quoting Wags
{quote} Your not looking at his entries properly, He enters on 3 types depending on how price is, he uses it as a confirmation to other parts of his strat combined 1, When CCFp turns upwards/downwards against itself (inwards) towards cross 2, On cross 3, On a break of horizontal or slight inward move (Outwards) away from cross He also looks at previous shapes sometimes as well, This can only become part of an instinct from continious use Thats how i see it anyway EDIT: Just a few examples from late last week {image} {image} {image} {image}


thank you very much Wags
could never have described it like that, well done thank you

add
m30, m15, m5 are important time units where we are in the market profile

  • #1,825
  • Jan 30, 2021 3:56pm Jan 30, 2021 3:56pm
Quoting rogerha
It is tricky to decipher a genius because usually it is so natural to them they can’t articulate it. There is a little language barrier with Kette but still his English is much better than my German, and he is a very generous guy with his time and knowledge. He has many entries and and many charts, but one of the things I think he sees is a sideways cluster of price at large MP, then the exit of that period clearly states buyers or sellers. Then when price gets back to one of those levels, currency strength (CCFP) will give a good guide to whether...

Thank you my friend
I appreciate that very much, you hit the nail on the head
Wags is still learning, is on the right track.
You have to be very flexible in the market today.
  • #1,826
  • Jan 30, 2021 4:03pm Jan 30, 2021 4:03pm
Quoting kette
{quote} Thank you my friend I appreciate that very much, you hit the nail on the head Wags is still learning, is on the right track. You have to be very flexible in the market today.
Your English learning is faster than we can learn some trading talent “hitting the nail on the head” is a common British phrase. I don’t go to Germany regularly now, but in previous years I did, great place. I have friends in Germany.
  • #1,827
  • Jan 30, 2021 4:11pm Jan 30, 2021 4:11pm
Quoting rogerha
{quote} Your English learning is faster than we can learn some trading talent “hitting the nail on the head” is a common British phrase. I don’t go to Germany regularly now, but in previous years I did, great place. I have friends in Germany.

it's good
we see each other on a
  • #1,828
  • Jan 30, 2021 4:46pm Jan 30, 2021 4:46pm
Quoting rogerha
It is tricky to decipher a genius because usually it is so natural to them they can’t articulate it. There is a little language barrier with Kette but still his English is much better than my German, and he is a very generous guy with his time and knowledge. He has many entries and and many charts, but one of the things I think he sees is a sideways cluster of price at large MP, then the exit of that period clearly states buyers or sellers. Then when price gets back to one of those levels, currency strength (CCFP) will give a good guide to whether...

I totally agree with you roger kette is a different level and im glad he has shared so much of his knowledge over the past month.

I am learning more off him all the time and have never been a person who is jealous of talent i look at it like with hard work maybe i can also be as good
  • #1,829
  • Jan 30, 2021 4:49pm Jan 30, 2021 4:49pm
Quoting kette
{quote} thank you very much Wags could never have described it like that, well done thank you add m30, m15, m5 are important time units where we are in the market profile

No problem at all

So im guessing you look at bigger picture on M30 then drop to M5 to look at CCFp

Then back to 15M and Back to 30M to see if CCFp is progressing so it helps you stay in trade longer?
  • #1,830
  • Jan 30, 2021 4:52pm Jan 30, 2021 4:52pm
Quoting Wags
{quote} No problem at all So im guessing you look at bigger picture on M30 then drop to M5 to look at CCFp Then back to 15M and Back to 30M to see if CCFp is progressing so it helps you stay in trade longer?

I agree
  • #1,831
  • Jan 30, 2021 5:41pm Jan 30, 2021 5:41pm
Quoting Wags
{quote} I totally agree with you roger kette is a different level and im glad he has shared so much of his knowledge over the past month. I am learning more off him all the time and have never been a person who is jealous of talent i look at it like with hard work maybe i can also be as good
my hoppy is indicators to test 3 months
ccfp is the most reliable

a test, looks wild with us (test only m15 win 10-15 points)
au had I announced that I rarely do
page 87
post 1733
100% hit
au last 5 days
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  • #1,832
  • Jan 30, 2021 5:57pm Jan 30, 2021 5:57pm
Quoting kette
{quote} my hoppy is indicators to test 3 months ccfp is the most reliable a test, looks wild with us (test only m15 win 10-15 points) au had I announced that I rarely do page 87 post 1733 100% hit au last 5 days {image} {image}

I can see it all now and thx for the tip

I can see the buyer and seller just by looking at CCFp at those points

Thats why you look at the little past shape of CCFp

I also have been looking at the correlation of GA,GN and EA,EN last few weeks

Now i see why CCFp is such a great tool, you use it how i trade OBV
  • #1,833
  • Jan 30, 2021 6:08pm Jan 30, 2021 6:08pm
Many thanks for the explanations, Wags and Kette. Would you care to make short summary/reference to first post of the thread, where you explain the logic of trade entries? At the moment as a newcomer I only see scattered pieces of wisdom, which makes it very hard to draw coherent conclusions of the strategy employed.

Many thanks!

Quoting Wags
{quote} Your not looking at his entries properly, He enters on 3 types depending on how price is, he uses it as a confirmation to other parts of his strat combined 1, When CCFp turns upwards/downwards against itself (inwards) towards cross 2, On cross 3, On a break of horizontal or slight inward move (Outwards) away from cross He also looks at previous shapes sometimes as well, This can only become part of an instinct from continious use Thats how i see it anyway EDIT: Just a few examples from late last week {image} {image} {image} {image}
  • #1,834
  • Jan 30, 2021 6:16pm Jan 30, 2021 6:16pm
If I may ask what is your RRR strategy generally? Why are there so many microlot deals stacked in short pipspace without stops?

Quoting kette
{quote} my hoppy is indicators to test 3 months ccfp is the most reliable a test, looks wild with us (test only m15 win 10-15 points) au had I announced that I rarely do page 87 post 1733 100% hit au last 5 days {image} {image}
  • #1,835
  • Jan 30, 2021 6:22pm Jan 30, 2021 6:22pm
Quoting Ilvez
Many thanks for the explanations, Wags and Kette. Would you care to make short summary/reference to first post of the thread, where you explain the logic of trade entries? At the moment as a newcomer I only see scattered pieces of wisdom, which makes it very hard to draw coherent conclusions of the strategy employed. Many thanks! {quote}

I think it would be wise to re-write the first post based on the last 6 weeks input from members (I mean kette) here as the thread has evolved into something a lot better

There are other great traders like hefer here making money with their alternative styles but if i try to add to many different styles it will become messy

I will write out a clean version based on this over the next few days, including addition of CCFp, High and low volume areas on VP/MP etc etc

I feel this really needs to happen and it will benefit us all

Obviously each trader will use their own take on it which makes it more interesting as we all see things differently

I will keep it as clear and simple as possible, the basis will still be the same but improved
  • #1,836
  • Jan 31, 2021 4:41am Jan 31, 2021 4:41am
Quoting Ilvez
If I may ask what is your RRR strategy generally? Why are there so many microlot deals stacked in short pipspace without stops? {quote}

you owe me what is pa trade
I don't know rrr often read you can explain it to me
entries result like this, purchase is the buyer according to volume increase

page 90
post1781
  • #1,837
  • Jan 31, 2021 5:49am Jan 31, 2021 5:49am
I don't know if you are joking or not with this question but here goes

I am trying to use in my trading price action, trend, short term Fibo retracement levels, round number levels, S/R. I aim for at least 2:1 reward/risk ratio e.g. standard trade comes with 40p TP / 20p SL targets. Usually move SL to BE at 15p or sooner if PA permits.

This volume based approach needs some more mental effort to get used to and I hope Wags will come up with nice structured summary at some point.

Take care,
I

Quoting kette
{quote} you owe me what is pa trade I don't know rrr often read you can explain it to me entries result like this, purchase is the buyer according to volume increase page 90 post1781
  • #1,838
  • Jan 31, 2021 7:51am Jan 31, 2021 7:51am
Quoting Ilvez
I don't know if you are joking or not with this question but here goes I am trying to use in my trading price action, trend, short term Fibo retracement levels, round number levels, S/R. I aim for at least 2:1 reward/risk ratio e.g. standard trade comes with 40p TP / 20p SL targets. Usually move SL to BE at 15p or sooner if PA permits. This volume based approach needs some more mental effort to get used to and I hope Wags will come up with nice structured summary at some point. Take care, I {quote}

the question is seriously asked, thanks, now I'm a little smarter
  • #1,839
  • Jan 31, 2021 9:56am Jan 31, 2021 9:56am
Quoting Wags
{quote} I think it would be wise to re-write the first post based on the last 6 weeks input from members (I mean kette) here as the thread has evolved into something a lot better There are other great traders like hefer here making money with their alternative styles but if i try to add to many different styles it will become messy I will write out a clean version based on this over the next few days, including addition of CCFp, High and low volume areas on VP/MP etc etc I feel this really needs to happen and it will benefit us all Obviously each...

Image 1
week
with plus and minus you can move volumes
picture 2
press plus, observe the volume
tpo, numbers reveal resistance or demand to you
chart 3 little tpo above c 1 * indicates no buyers
areas c4 * and c5 * after confirmation of sale
only used it for analysis look left where buyers and sellers were active
tpo area
if you now check all your trades about it you will see a lot
little secret of me
poc you can quickly identify the highest tpo number

last picture
great demand friday 22.01
Pressed 3 times, think Hefer had pointed it to the north 128.80
a little help, not everyone understands footprint, it's easier to understand
come questions about this mp
everything is explained here Auction Market Value Theory & Analytics
my version is for me what I am successful with
Attached Image(s) (click to enlarge)
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Attached File(s)
File Type: rar mp multi.rar   288 KB | 357 downloads
  • #1,840
  • Jan 31, 2021 11:27am Jan 31, 2021 11:27am
Quoting kette
{quote} Image 1 week with plus and minus you can move volumes picture 2 press plus, observe the volume tpo, numbers reveal resistance or demand to you chart 3 little tpo above c 1 * indicates no buyers areas c4 * and c5 * after confirmation of sale only used it for analysis look left where buyers and sellers were active tpo area if you now check all your trades about it you will see a lot little secret of me poc you can quickly identify the highest tpo number last picture great demand friday 22.01 Pressed 3 times, think Hefer had pointed it to the...

the lack of TPO volume above 1.28298 can be seen here as well, on this Daily Bar Monthly Market Profile 1440 Data TF POC & POC Projection chart. The price quickly moves through the Daily bar close end of November's Value Area Low of 1.29826 to December's Monthly POC 1.27874 which is just above Fridays close of 1.27744. I suspect that if the Price moves above 1.2890 will move quickly back to bottom of Novembers Value Area staring at 1.29831 and up to November POC 1.30752.

Your Volumes TPO does however raise a two questions, FOR ME. 1) how does the price become so high out of the Volume Area, which I believe can be answered by looking at Decembers Value area as it did reach the top at 1.28658. 2) seeing that the price was quickly rejected from 1.2750, will the larger volumes be driving the price higher if it fails to break 1.26891 and if the price does break 1.26891 then be heading, January POC 1.27309 and if we see a Day bar close below this price down to the bottom of January's Value Area of 1.26638, and closed below this price possible see new lows, which I suspect to reach a Daily Close of 1.25922 to 1.24923. But, this is just what I see on my Monthly POC projection chart with a six month lookback period.

Very well defined Chart you have and clear market context and price action logic can be seen most appropriately last week. Thank you. USD/CAD has been my favorite for a while now.

-Cheers
--IMHO
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Enjoy it while it lasts, then pay for it. Be Grateful.
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