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man guys...im fully overloaded with so many informations that many of you put, bwilliams, rick, moodybot, bilial, timetells..and forgive me if i forgot someone...this is the best thread ever, i know it for sure, everything we need is here...for now i just wanted to thank all of you. i need time and study to digest all the amazing things you are showing. for sure you completely changed my view on the market. i approached trading only 1 year ago, so i never had strong ideas, meaning i have never been heavily indoctrinated, so maybe thats why was easier for me to accept many of the things you said.. well thanks again, and hope to come back with my 2cents too soon, just to give back something to this amazing community
Quoting loppo0101
man guys...im fully overloaded with so many informations that many of you put, bwilliams, rick, moodybot, bilial, timetells..and forgive me if i forgot someone...this is the best thread ever, i know it for sure, everything we need is here...for now i just wanted to thank all of you. i need time and study to digest all the amazing things you are showing. for sure you completely changed my view on the market. i approached trading only 1 year ago, so i never had strong ideas, meaning i have never been heavily indoctrinated, so maybe thats why was easier...
Did you see the brokers algo illusion today?

Quoting BWilliam
Answer - there's an invisible monster sitting in that blue zone threatening bulls not to go beyond else they get eaten.{image}
I wrote about it yesterday. Yet Shabs think there's no monster.
Trade the value
Where do you think brokers get their price feed from,( I dont mean the bucket shops), the ECN / STP brokers ?

You mean your " monsters" on GBP pairs today ?

On Red News days, anything can happen. Price can exceed the ADR
So Whats new ?

Brokers use algos , no doubt about that, they have just replaced the dealing desk models. Basic 101.
"The Only Limit, is the One that you Set Yourself"
Quoting BWilliam
{quote} Did you see the brokers algo illusion today? {quote} I wrote about it yesterday. Yet Shabs think there's no monster.
Your fighting punch scenario is playing up of EU. Time to buy.
Quoting OutThere
Your fighting punch scenario is playing up of EU. Time to buy.
Wrong, the punch was thrown at Aussie open. Brokers Algo monster chomping the bulls all day long. Don't get eaten.

Sterling bulls threw a George Foreman 500lb punch. Did it knock out brokers Algo monster? Stay tuned
Trade the value
Quoting BWilliam
{quote} Wrong, the punch was thrown at Aussie open. Brokers Algo monster chomping the bulls all day long. Don't get eaten. Sterling bulls threw a George Foreman 500lb punch. Did it knock out brokers Algo monster? Stay tuned
No idea about Algo monster. I was just going by your big ADR readings that u mentioned somewhere.

edit: wow. 85.2 now.
Quoting RickM
{quote} 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. ... {image}
Thanks for your input Rick. I have only started integrating volumes recently in how I view the markets, thanks to Laura's thread.

But since GU is one of your favorite pair, and is also one I look closely at every day, here are some of the stats I look at. Depending on the situation, and on what kind of trade you're looking at, it can be helpful to know where you stand.


Here's the distribution of daily ranges through the past 8 years.
Attached Image (click to enlarge)
Click to Enlarge Name: GU Daily.PNG Size: 38 KB

Funny enough, when you reduce the period examined, and take for example the last 4 years, those proportions stay practically the same. Especially the ratio of wicks to body, those don't change by a bit.

And I do the same for M1 swings (also other TFs). It gives a set of guidelines when scalping or trading in general, including what to expect in terms of a target being achieved (time). Among other things.
Attached Image (click to enlarge)
Click to Enlarge Name: GU M1.PNG Size: 21 KB
Quoting simnz
{quote} 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.
Well said, I agree. Sure, there's been a lot of ego battles going on in this thread, but frankly the way I look at it, when there's good (or a different type) of information being shared, it's best for the reader to just focus on that. For example, when I glean through a thread that I find interesting, I just skip through all the ego & retaliation posts, and just focus on what I find interesting. Sometimes it can be mildly annoying because it's bash post after bash post, but that's a small price to pay if in between there are small nuggets of information.
I also wish they can / will bring him back.
Quoting BWilliam
{quote} Did you see the brokers algo illusion today? {quote} I wrote about it yesterday. Yet Shabs think there's no monster.
i cant still say i really saw..im seeing something, but im waiting... honestly my mind is a bit under a shock..
i saw like AUDUSD reached before one target up, and then one target down..travelling the same pips range in which there was the monster ) it cleaned all the stops of the previous day range..
Quoting Barraka
{quote} Well said, I agree. Sure, there's been a lot of ego battles going on in this thread, but frankly the way I look at it, when there's good (or a different type) of information being shared, it's best for the reader to just focus on that. For example, when I glean through a thread that I find interesting, I just skip through all the ego & retaliation posts, and just focus on what I find interesting. Sometimes it can be mildly annoying because it's bash post after bash post, but that's a small price to pay if in between there are small nuggets...
No ones been lost.
Looks like he had a temp suspension, probably be back soon.
If he stuck to trading rather than firing off at everybody then he would still be posting.
I think Peter would silly to return, there is no point in "peeing into the wind".I agree with smnz comments above, its such a shame.

George would not have a bar of this nonsense. This is the way of the world these days, so sad.
Quoting oztrader
I think Peter would silly to return, there is no point in "peeing into the wind".I agree with smnz comments above, its such a shame. George would not have a bar of this nonsense. This is the way of the world these days, so sad.
What's really sad is for adults to deny the nonsense from both George and Peter. Imagine their kids see their dad condone this behaviour. It's shocking. Moodybot is correct he'll be back with the same. Don't bother anymore, like you wrote this is the way of the world these days, no point to feel sad. Might as well fit in with the swamp people.
Trade the value
Its the swamp people that are causing teenagers to suicide at an alarming rate.Crazy world.
Quoting RickM
I find it interesting he comes here to save us from ourselves, a trader with 40+ years experience that knows the secrets to break down the markets to enable high profits. But the moment he is criticised, he responds by attacking that trader with childish words. George would just ask them to spend a hour with him on Skype to discuss the matter like adults. Many who challenged him on written post didn’t have the guts to face George one on one. And here is the truth, George actually cares about you as a trader and a person. The last time I...
Two things I learn from both. Not saying it's just limited to this thread. FF is the swamp anyway.

First, normal adults like to big themselves under anonymity on forum. I wonder why.

Second, normal adults condone such behaviour. I also wonder why.

I have written before, the first can be expected.

The second is worse. This is what cause the real damage that makes FF a swamp.

We do care for other traders, that's why we make the effort to post. But its hard given the way as it is.
Trade the value
Who cares what you think Rick, move on or press the ignore button. Stop trying to save us from ourselves, we are adults.
Quoting oztrader
Who cares what you think Rick, move on or press the ignore button. Stop trying to save us from ourselves, we are adults.
Who got suspended
An adult who acts like a child
Trading thin liquidity at the boundary of the charts
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...
agree with you mate, and good luck in trading.
Let me fill my acount wallet then will take Ur advice
So here we are again.

I need to clarify some things.

Post 1,346 was not an example of a "trade". It was simply an exercise in how to observe the market in a way of tempo and to gauge near, to or beyond parameters of a move the market might make. I think people were too quick to judge without perusing the post's information properly. It was also displaying a way to use the market activity to gauge tick weights, entry volume weights and contract volume without any indicators. Another way to approach it, would be as a rapid vs gentle use of time as a measure of price. Since "everyone" is using either time, price or both to follow their market of choice and find an opening to profit from the activity.

The 3 limit entries are not there to take a trade and so, the SL and TP levels are not relevant at all. They were done on my research platform and one reason they're there, is being positioned deliberately to see how the market reacts to its break below the white horizontal price line I drew. They are spaced in such a way to reflect the "potential options" of how an extreme type reversal tends to play out once the main/initial impulse style break has slowed or concluded. Of course the final option is a complete breakout of that price area of the chart. But the variables are usually stacked firmly against that happening ...... until it does then you don't fight it and you just go with it.

By using a spaced approach of the limit orders based on a rapid vs gentle use of time as a measure of price, you can then drop to a LTF to address the profit-on-profit trader's intentions and then use momentum to gauge the other side (in the case of the chart pic I put in the post - the high side of the market's activity.)

If this is new to you, it may sound strange or confusing. But really, once you understand the process of how the activity transfers from one participant to another, you don't need an indicator. Proper use of the time frames and understanding how traders think, is enough to consider your options.

A buyer must sell to exit their position and a seller must buy cover to exit their position. It doesn't matter if it's a SL or TP. And it doesn't matter if it's done manually or automatically.

For any usual transaction to be fulfilled, you must have the order sent to market. It must be matched and recorded. It then must be concluded by response to the intermediary ie your broker and then they transmit the information to you, the trader. This process generates a transactional step (either up or down) on the chart and this is also seen as your Bid or Ask moving. And this "Tick" is recorded. By using a static "ruler" (the 3 limit orders spaced out), you can observe the result of that Tick, by using a LTF move where you gauge transactional volume (Not the same as total 'lots' for eg in Spot FX or total count of the size of contracts in Futures etc) eg where there is greater pull from Limits or Market orders. Admittedly, this is a skill that takes time and patience to learn properly, however, once learned, you will never need another indicator for tick or volume ever again.

What's important here is understanding the "Game of Pass The Baton" between participants and their orders. One buyer got in early in a good position and now wants to cash out. And so another sell transaction is available and so another buyer who wants to trade the continuation or follow through gets their order filled. Generally speaking. Also keeping in mind whether those orders decay or count down in time, whether they carry additional instructions to produce 'Iceberg order' style approaches or anything else. And this is also why Liquidity is rather misunderstood. Unless you 'trend trade', are a trend/big picture momentum follower, a swing trader, a scalper, a breakout'breakthrough trader and an end reversal trader, how could any one of these styles of trading alone, offer a well rounded overview and understanding of financial markets?

This is why you cannot separate Tick, transactional volume and total accumulated volume. They each play a part in the process. And it's your job as a trader to learn of this, learn and master this knowledge. Never assume that indicators are infallible.

What I just explained regarding post 1,346 and the 3 limit orders approach, is something I was forced to create when the markets were going through their tech changes in the 80's and the way the markets ran was also changing. It worked back then and still works today.

I hope that helps.

Peter
Real Trading is not gambling.
As to my temporary suspension, I set out to understand this site, the people here and how things really work. Although many think my behavior was childish, immature, attention seeking..... Truthfully, all this couldn't be further from the truth. I needed to do things that way to find out who and what I was dealing with. It's not possible to learn these things when everyone plays "polite" and is too afraid of what others may think.

I am sorry if any of this upset you. I'm not being forced to write this by anyone, I feel it necessary for people to know this so they know my intentions are real towards people learning in different or better ways.

Peter
Real Trading is not gambling.
For anyone interested, here is a pdf of the posts I have contributed here, right up to 2 days ago. Minus all the arguing of course. Just the posts that may help someone to learn.



Attached File(s)
File Type: pdf PeterCaleb - Forex Factory.pdf   6.7 MB | 268 downloads



Peter
Real Trading is not gambling.
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