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Price action at the core = family members' discussion project

  • #1,381
  • Feb 3, 2021 5:00am Feb 3, 2021 5:00am
Quoting moodybot
{quote} One person who frequented trading forums, including this one, had a run in with other traders. That dude flipped out in the most alarming way. Did he flip through mental issues? Possibly. Did he flip through continuous arguments with traders? Who knows, but he’s doing time now, life, so I absolutely disagree with you.
Real life is like that. You have to put up with all kinds of people in your family , office and neighbourhood .
What is so different from being on the FF?
The way you are learning is by chit chatting. Trolling. Ridiculing people. That's normal behaviour for you and me.
Learners will know what to absorb and not absorb.
FF has set up decent behaviour rules so that people don't become unruly.
But how many of you are really following those rules?

You want to develop a cult . That's OK.
Go and set up your own forum outside FF or be ready to deal with a noisy neighbourhood including insults from anyone.
Don't you insult others and hound the ones not toeing your line?
For me, all is acceptable.
Practice makes a person perfect
  • #1,382
  • Feb 3, 2021 5:05am Feb 3, 2021 5:05am
Quoting simnz
{quote} Real life is like that. You have to put up with all kinds of people in your family , office and neighbourhood . What is so different from being on the FF? The way you are learning is by chit chatting. Trolling. Ridiculing people. That's normal behaviour for you and me. Learners will know what to absorb and not absorb. FF has set up decent behaviour rules so that people don't become unruly. But how many of you are really following those rules? You want to develop a cult . That's OK. Go and set up your own forum outside FF or be ready to deal...

And you are?
  • #1,383
  • Feb 3, 2021 5:07am Feb 3, 2021 5:07am
A FF member like you. Tolerant.
Practice makes a person perfect
  • #1,384
  • Feb 3, 2021 5:08am Feb 3, 2021 5:08am
Quoting simnz
Real life is like that. You have to put up with all kinds of people in your family , office and neighbourhood . What is so different from being on the FF? The way you are learning is by chit chatting. Trolling. Ridiculing people. That's normal behaviour for you and me. Learners will know what to absorb and not absorb. FF has set up decent behaviour rules so that people don't become unruly. But how many of you are really following those rules? You want to develop a cult . That's OK. Go and set up your own forum outside FF or be ready to deal...
Hi simnz, I mostly don't troll other members. Unless they first insult others and they continue the insults without stop in EVERY of his posts. Few members and me politely ask him to start his own thread to teach his material. His response was to trample on such polite request. That's when I think it's time to troll such a member. There's a limit to swallowing his high horse arrogance.

Btw there's no cult here anymore. The cult you refer to is somewhat gone. This thread has evolved into a meeting place of diverse traders who found some commonality on FF. Ofc he is welcome here as well. But don't you think he should cut the crap and focus his post on trading matters ?
Know what you trade
  • #1,385
  • Feb 3, 2021 5:42am Feb 3, 2021 5:42am
Quoting simnz
{quote} Real life is like that. You have to put up with all kinds of people in your family , office and neighbourhood . What is so different from being on the FF? The way you are learning is by chit chatting. Trolling. Ridiculing people. That's normal behaviour for you and me. Learners will know what to absorb and not absorb. FF has set up decent behaviour rules so that people don't become unruly. But how many of you are really following those rules? You want to develop a cult . That's OK. Go and set up your own forum outside FF or be ready to deal...
actually bollox to that, I can’t be arsed.
  • #1,386
  • Edited 9:10am Feb 3, 2021 8:24am | Edited 9:10am
Most of the members who asked me are on the same page so I answer all of you here, how to know direction ?

Take a look at Aussie dollar chart, there's a algo level sitting there. Look how many times the market hit that zone and fell back not lower than dol.
The point to note is there are real algo levels on your chart.
But not the ones drawn by joining one point on the chart to another.

Before you want to know direction you have to know where those "order blocks" are sitting ?
Before you want to know direction you have to know where the SR are sitting ?

Both above is nonsense.
Let me rephrase that correctly, you have to know where the brokers algo have mathematically defined in their code.
There's no "order block" or SR.

The volume is so thin price is bouncing between this algo level and dol, 12pips range. ADR 32%
The only time it fell below dol was at London Open when I executed the GU trade.(I was granted permission)

So when you ask how to know market direction, you must also know that the direction may be correct but the range of that direction can be 12pips.

Since there has a chance for expansion for today something must happen to expand beyond this 12pips range.
55% down - 45% up. You have to wait for algo to show clear direction.

If you are a scalper it's heaven, if you are a swing trader you wasted your time watch paint dry.

Don't ask me how I know the algo move 20pips at London Open, the answer is hard to explain.

Serious question for you guys, how many of you know about this algo level and what's actually happening right now with Aussie dollar ?

That's the question all you guys on pm is asking me.
How am I going to answer that question other than put up this explanation.

Answer - there's an invisible monster sitting in that blue zone threatening bulls not to go beyond else they get eaten.
Bears are also not allowed to go below dol else they get spanked.

Perhaps the red news may start to move this lazy pair.
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Know what you trade
  • #1,387
  • Feb 3, 2021 9:52am Feb 3, 2021 9:52am
AUDUSD is in a downtrend, falling 250 pips from last months High, a sharp sell-off yesterday with the RBA announcement @3.30GMT yesterday.
Previous Week / Month Lows also taken out yesterday. Price finding support again at Mondays Low. Demand for AUD is steady atm.

Higher timeframes tells the real story. US Dollar index is on the rise which also explains the fall in EU & GU

There are no monsters lurking on the charts. LOL

Attached Image (click to enlarge)
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It never gets easier, you just get better
  • #1,388
  • Feb 3, 2021 3:25pm Feb 3, 2021 3:25pm
Quoting RickM
{quote}
1.. George's Target theory is very good, wouldn't you agree.
2... Volume data out of the Chicago exchange called 6A is accurate for AUDUSD - perhaps you should have a look and be shocked.
3.. Exhaustion is easy to read if you measure expansion ONLY on M1, its the real market where we can see the major players at work.
No guesses, just trade the Order flow wave and wait till its boundary's are destroyed. Last night on AUDUSD, I took 5 trades - maximum draw down was 0.011% {image}

Excellent trading there RickM


I’m going to have a deeper look at your Volumes at the swing points. This will help me thank you.



AUDUSD was my only trading pair yesterday.

Swings and ranging on this pair were so tight and was like trading in a phone booth.

So I was trading looking only at the 1 min.

Entered early. At the 1st range play retrace that came back to the first swing point on 1 min.

Hedged immediately with a 2 x buy and 1 x sell ( for a net 1 x buy trade ).

Max total DD tolerance was 12p.


Closed the hedge first for +9p scalp profit at George's low swing target.

Then closed the buys at the next 1min swing high intra-target for a total (pair) trade of +27p scalping.


Not my greatest trade setups, and knew it going in (market range was so tight).

(tho actually they best trading day for the week so far, go figure).


Hedging is my last option but used as I started trading the middle near the 50% line between day high and low, where price could go either way before returning to its range.

1m swings, inside 1hr swings - fractal nature of the market.

.
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  • #1,389
  • Edited 7:28pm Feb 3, 2021 4:45pm | Edited 7:28pm
Guys I purposely chose Aussie dollar to prove a few things.

1. Price action collapse,

2. Candlestick pattern won't hold up,

3. Nobody able to predict this support resistance level,

4. The concept of supply and demand in this trillion dollar market is made rubbish limited to 12 pips.

5. Why indicators don't work,

6. Guru PeterCaleb order limit is so far away from this real live market range today. How much does he know the real live market after trading few decades? Go figure

7. Prove that this broker's Algo narrative of painting illusion on your chart is real. Not bs.

If you want to know about direction(that's your question) you have to decode this brokers Algo, that's the challenge for you. I feel awkward thinking hard how to explain it to you. Might as well tell you straight in the face eventhough it's a shocker. Else you guys think I'm hiding something.

I won't post anymore such calls on here again. I have proven my point. Either you get it or you don't. I don't know how to give you some direction how to learn about this Algo's math. I learnt it by pure LUCK. One breakthrough discovery followed another. Thousand discoveries before able to decode completely this complex math. All breakthroughs is pure LUCK. Yes it got easier when I know more.

How you want to know real Algo weakness and vulnerability if you don't know this Algo math? Think about this. Where's your edge coming from?

My last post about this subject why I post so much on here recently. That's to draw your attention to this Algo which is more real than you think. No more from me guys else you begin to think I'm boasting, seeking attention or scammer. That's it guys. Cheers

***if you guys got specific questions, post here or shoot me a pm. I try my best to give you the answer.
Know what you trade
  • #1,390
  • Feb 3, 2021 5:17pm Feb 3, 2021 5:17pm
Honest and open post, BW, well done

George’s single MM (market maker) had everyone scratching their head, couldn’t be ?

You have found it, it seems, and have worked its ranges, well done, great work really.


Today.

AUDUSD was now in a past day-long Compresssion / Inflection Zone.

It has to breakout at some point, you’d think. HAS to.


They now have longs & shorts all holding and waiting (TRAPPED).

However how the market breaks is usually not a straight up or down play.


Fake N Flips, whipsaws might be used to confuse, the illusion as they say.


Then perhaps the real move. ADR is 70-80 pips. I’ve got lines above and below to watch.

We’ll see if the break is today, but you’d reckon before the weeks end.

Watch & wait for me.
  • #1,391
  • Feb 3, 2021 5:32pm Feb 3, 2021 5:32pm
BW,
You said "Bears are not allowed to go below dol or they get spanked". So there was one algo selling at roughly 20-25 pips above dol and one holding price up at roughly dol?
On Wednesday, we bounce down from roughly that 20-25 pips above dol, but I can't determine from that if it's some algo at play as it's only one bounce down. The dol itself doesn't seem to be defended as price cuts through quite easily. The only significant line of resistance I see on that day is around 0.76056, which holds price down a few times and then becomes the opening price for the following day.
So I'm thinking .. why was price held in that tight range today compared to other days? I've read in your previous posts you have a liking for the 37.5 and 62.5 levels as well as the 50...and price does end up pinging between the two (coincidence? ....hmmm).
Is it a question of liquidity? Has liquidity just dried up so they make this tight range to get LTF range traders back in the market and then whipsaw price at the end to take out both long and short scalpers?
Attached Image (click to enlarge)
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  • #1,392
  • Edited 7:06pm Feb 3, 2021 5:45pm | Edited 7:06pm
Quoting Danger-Mouse
I've read in your previous posts you have a liking for the 37.5 and 62.5 levels as well as the 50...and price does end up pinging between the two (coincidence? ....hmmm). Is it a question of liquidity? Has liquidity just dried up so they make this tight range to get LTF range traders back in the market and...
There's retracement fibs and extension fibs. Fact is I don't use fibs, I use it to demonstrate to you guys use something that's easily understandable. It can be used provided you use it correctly.

George is the master for extension fibs. He spent a lot of time with this fib that's tied in to his target narrative. If I guess correctly his whole life work. He is the premier expert on this subject. If you want to learn about targets and extension fibs read his original thread. Everything is there.

There's East and West version about fibs. Parisboy thread is the west version. Ichimoku is the east version. Goichi Hosoda published his oriental discoveries in 1960s. All the books, videos and forum material are wrong and misleading. You have to learn it from the zen master if he's willing to teach you.

You have to decide what you want to learn. I only point you to the correct source.
Know what you trade
  • #1,393
  • Edited 9:33pm Feb 3, 2021 9:13pm | Edited 9:33pm
Quoting Barraka
{quote} It's interesting you talk about AUDUSD moving on average 8 pips from its core frequency. Because my stats also show exactly 8 pips as an average move. Except, on my side it's the size of an average M1 swing or leg. Still, something I found confusing in what you said: You take longs on a bear market (like AUDUSD) on certain moves; But then you talk about sells. Do you wait for a 8pips move down to the go long, or the other way around? {image}
Hi Barraka

Each leg will always end in a fade because liquidity gets too thin after 8-9 pips. It needs aggressive market orders to enter into the market to bolster the this liquidity on a chart. There is enough liquidity behind the move but ahead of the move it gets thin very quickly. This is the biggest liar in the game -

DEEP LIQUIDITY

The proof is AU / AJ / EU only run 8-9 pips, GU & GJ run 15-17 pips. Why don’t they run. 50 pips on a leg?
Because there isn’t enough liquidity. It needs a pullback to encourage those traders to enter the market before a new leg can start. This is our high probability trade.

Most liquidity that hits the market every day sits at the end of a finger on a mouse (or A EA waiting to trade). It’s all aggressive market orders.

So to maximise our profits, we should fade the market when volume is stable. That’s Selling against a bullish market and Buying against a bearish market. The trick is to read the wave and watch volume. What I see is four types of grinds, Aggressive type A and B, Passive type A and B.
AUDUSD is mostly Passive type A so it’s very safe to trade provide we follow just one simple rule.

Never trade the first change of direction on M1 because the stop loss cluster is quite dense and it runs hard on that first serious move.
Otherwise trade the fade once it settles.

Cheers
Trading thin liquidity at the boundary of the charts
  • #1,394
  • Feb 3, 2021 9:44pm Feb 3, 2021 9:44pm
More proof!
Go to AUDUSD on M1, place tick volume on your chart and mark a line at 150 units on the volume reading. See the recent move on AU, both moves broke 8 pips and both times volume broke 150.

That is what the market really is, volume is expansion of order flow.

Both of those I took a buy on when it faded. Trade 1 was 5 pips, Trade 2 was 5 pips.
Risk free and I added 0.06% to my equity.

ALL ON MY IPHONE

You don’t need 6 screens, 5 indicators and multi news channels to make money.
Trading thin liquidity at the boundary of the charts
  • #1,395
  • Feb 3, 2021 9:55pm Feb 3, 2021 9:55pm
Quoting RickM
ALL ON MY IPHONE You don’t need 6 screens, 5 indicators and multi news channels to make money.
This make my day! Another phone trader.
Know what you trade
  • #1,396
  • Feb 4, 2021 3:00am Feb 4, 2021 3:00am
Quoting moodybot
{quote} actually bollox to that, I can’t be arsed.
I love it . Even anonymous people feel threatened.
Practice makes a person perfect
  • #1,397
  • Edited 5:10am Feb 4, 2021 3:13am | Edited 5:10am
Quoting BWilliam
{quote} Hi simnz, I mostly don't troll other members. Unless they first insult others and they continue the insults without stop in EVERY of his posts. Few members and me politely ask him to start his own thread to teach his material. His response was to trample on such polite request. That's when I think it's time to troll such a member. There's a limit to swallowing his high horse arrogance. Btw there's no cult here anymore. The cult you refer to is somewhat gone. This thread has evolved into a meeting place of diverse traders who found...
You are a sensible guy. Even though you have anonymous identify, you feel insulted.
Gurus or exceptional quality teachers are like that. Demanding attention, throwing tantrums but at the same time willing to give a lot in return.
It's a pity we have lost PeterCaleb, a coach of quality not seen in a decade on FF.
If possible please bring him back.
Thank you.
Practice makes a person perfect
  • #1,398
  • Feb 4, 2021 3:14am Feb 4, 2021 3:14am
Interesting posts Rick and Bw...
  • #1,399
  • Feb 4, 2021 3:44am Feb 4, 2021 3:44am
Quoting RickM
{quote} ..., GU & GJ run 15-17 pips. ...
Hi Rick,

Well it seems we have the same stats. GU runs for 15pips / leg on my side too, interesting.

All this AUDUSD talk got me watching it this morning. As price broke below DO, it was in a leg that was 83+% over-extended. Got a 3.3pip DD, but eventually hit TP, one leg up. Didn't use volumes, though.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.PNG Size: 63 KB
  • #1,400
  • Edited 4:28am Feb 4, 2021 4:14am | Edited 4:28am
Quoting Barraka
{quote} Hi Rick, Well it seems we have the same stats. GU runs for 15pips / leg on my side too, interesting. All this AUDUSD talk got me watching it this morning. As price broke below DO, it was in a leg that was 83+% over-extended. Got a 3.3pip DD, but eventually hit TP, one leg up. Didn't use volumes, though. {image}
Hi Barraka

Volume is very useful for one thing, it keeps you safe. As long as volume is constant and sitting under 150 units per minute, your legs should run true. If you get a high volume London session, you will be in a large draw down before your coffee cup leaves your lips.
AUDUSD is running on average 90 units per minute now.

At present, the volume on EURUSD is running about 170 units per minute as I write this post, better to not to fade the legs of EU at present.

Have a look at my favourite pair GBPUSD, its volume is only averaging 70 units a minute at present before Red news in 2 hours. That's very low for this pair.
There has been some killer trades over the past two hours so I'm very happy with this action. Normally it moves 15 pips per expansion but with this low volume, its only running 8 pips expansion.

Cheers
Attached Image (click to enlarge)
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Trading thin liquidity at the boundary of the charts
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