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Price action at the core = family members' discussion project

  • #1,481
  • Feb 9, 2021 5:53pm Feb 9, 2021 5:53pm
Quoting failinforex
{quote} Yes, as least that is a proper basic understanding of fractal. My daily expenses account - {image} Give me a break with this peanut account I need to doctored it. Never did I ask George to prove himself, never did I challenge others who claim their used of volume, etc, etc is so good to prove to me.
Another great results, have you had a chance to show us your monthly results yet.
That would be of more value
Trading thin liquidity at the boundary of the charts
  • #1,482
  • Feb 9, 2021 6:14pm Feb 9, 2021 6:14pm
Quoting failinforex
Give me a break with this peanut account I need to doctored it. Never did I ask George to prove himself, never did I challenge others who claim their used of volume, etc, etc is so good to prove to me.
There's no requirement to show results to qualify to participate in a discussion. The better ask is live calls.
Know what you trade
  • #1,483
  • Feb 9, 2021 7:02pm Feb 9, 2021 7:02pm
Quoting GibbonsFx
{quote} Care to elaborate? This seems to be one of the missing pieces for me. I understand the structure but having a hard time getting my head around proper entries since the zz's and semaphores that build the fractal structures are notorious re painters. That and wave counting is extremely subjective. {image}


GibbonsFx,

Now after reading all these people's responses to your post, it's best that you check their "ways of thinking" up against your own thinking. Their metaphors/analogies may/may not consistently align with how you think. I myself use a specific indicator that people winge and bitch and complain about how it "repaints" and recalculates and I do marvelously well with it. My advice is this - pay no attention to them. It is their thinking that tells them they "should only" use so-called non-repainting indicators. Why? Because they're seeking "perfection" in an imperfect game. How you think and WHY you think what you think is the difference in the game of trading. You cannot learn or innovate if you do everything the same way everyone does it.

Without sounding like I'm blowing my own trumpet here, please look through the pdf I have attached to this post. In there is proof of what I say is true. And you can teach your thinking to learn instead of copy or imitate.

Sorry everyone who may take offense to what I just said, but it's true and this person, like any, deserves the truth so they can learn as well.

Peter


Attached File(s)
File Type: pdf PeterCaleb Forex Factory 8-2-2021.pdf   7.7 MB | 478 downloads
Real Trading is not gambling.
  • #1,484
  • Edited 7:59pm Feb 9, 2021 7:13pm | Edited 7:59pm
Quoting PeterCaleb
Why? Because they're seeking "perfection" in an imperfect game.
Seek "perfection". Correct, anything less is not acceptable guessing. Btw brokers PhD algo is always perfect.

Incomplete knowledge can be dangerous. Mostly misleading and not useful in a game of tricky brokers algo painting illusion on the chart. If any trader fail to see that they're way behind the curve.

Funny thing is almost all traders easily and readily accept the universal indoctrinated truth. Except for that 0.08%. So which is the truth? oh yes the 99.02% much louder truth.

With this yardstick it's easy to identify who belong to which group. No offence intended too.
Know what you trade
  • #1,485
  • Feb 9, 2021 7:19pm Feb 9, 2021 7:19pm
Quoting PeterCaleb
{quote} GibbonsFx, Now after reading all these people's responses to your post, it's best that you check their "ways of thinking" up against your own thinking. Their metaphors/analogies may/may not consistently align with how you think. I myself use a specific indicator that people winge and bitch and complain about how it "repaints" and recalculates and I do marvelously well with it. My advice is this - pay no attention to them. It is their thinking that tells them they "should only" use so-called non-repainting indicators. Why? Because they're...
Thanks, appreciate the brutal honesty. The beauty / value of some of these indicators may just be in the fact that they do repaint.. still testing some theories.
  • #1,486
  • Feb 9, 2021 8:08pm Feb 9, 2021 8:08pm
If you think your broker is running some algo to go against you then use some common sense and find a better broker. I have seen nothing but circumstantial information/evidence that proves that an algo is targeting my trading activities. I sense it's more to do with people's sideways thinking and a lack of ability to observe and trade properly. It's easier to blame a computer program than your own accountability.

Regardless of whether a tool works the way you want or expect it to, its capacity to work for YOU is based on a person's thinking. If someone is being superficial in their thinking, then they will 'chase money' and expect it to work for them and get pissed off when it doesn't. But if the person wants to learn and understand, then they MUST be honest about how objective their own thinking is operating. It's always concept before active operation. But the indicator doesn't know the difference so it's up to you, the operator, to know the difference.

Objective - All scenarios, all information, all views, all opinions, all preferences, all strengths and weaknesses and all potential outcomes = all inclusive. This offers a proper overview rather than a tall stack of assumptions based on fears and expectations.

I hope this helps.

Peter
Real Trading is not gambling.
  • #1,487
  • Feb 9, 2021 8:14pm Feb 9, 2021 8:14pm
Quoting PeterCaleb
If you think your broker is running some algo to go against you then use some common sense and find a better broker. I have seen nothing but circumstantial information/evidence that proves that an algo is targeting my trading activities.
Only losers write that. Only losers read, write and think that way. They contradict themselves without realising it.

Correctly written and read is, brokers PhD algo paint illusion on our chart.
Know what you trade
  • #1,488
  • Feb 9, 2021 8:31pm Feb 9, 2021 8:31pm
Quoting BWilliam
{quote} Only losers write that. Only losers read, write and think that way. They contradict themselves without realising it. Correctly written and read is, brokers PhD algo paint illusion on our chart.



No not at all. I simply think you've lost your way. There's no contradiction.

Peter
Real Trading is not gambling.
  • #1,489
  • Feb 9, 2021 8:32pm Feb 9, 2021 8:32pm
Quoting PeterCaleb
No not at all. I simply think you've lost your way. There's no contradiction. Peter
Not surprise you think this way, what's new from the 99.02% group to win arguments and not seek more complete knowledge. No offence taken. Alls good. You may have the last word if you wish.
Know what you trade
  • #1,490
  • Feb 9, 2021 9:01pm Feb 9, 2021 9:01pm
Quoting BWilliam
{quote} Not surprise you think this way, what's new from the 99.02% group to win arguments and not seek more complete knowledge. No offence taken. Alls good. You may have the last word if you wish.


I believe in skywriting but I would never bother to try and reach out to touch it. Why? Because it's not proactive and it's not helpful. My ability to take action is not solely based on the premise of what I consider real or true, it is based on what helps me see the full picture. And through this, knowing what I can do about it. People who believe every conspiracy theory, whether true or not, are not stabilizing their thinking, they are showing they can be swayed by their fears and ignorance.

How much distance a person holds from the truth of the situation is always based on what stimulates rater than helps and leads to solving problems. So I will say again, you've lost your way. Either outsmart your enemy or fall prey to them. It matters little if the algo idea is real or not, it only matters what YOU do about it.

If the idea of the premise of a new world order was to be enforced, what would YOU do about it? It's the same query to be made about the algo idea. Being scared of what you don't understand is not a sign of awareness, its a sign of fear and ignorance giving birth to an impoverished mind and traps the very idea of doing anything about it.

You may think, right now, that you are in the minority of this idea of looking at things, however, there will surely be people who think themselves 'better' than you because they consider themselves in the "0.01% minority". So trade, don't trade. Learn, don't learn.

So what can your thinking really teach anyone - how to be fearful and ignorant? You're not in a position to change the basic fact of whether there is or is not an algo somewhere. But you CAN improve the way your heart and mind work together to arrive at more full conclusions.

You're not the first and won't be the last to latch onto some kind of conspiracy idea. But seeing as people usually just want "normal" they choose to pass the responsibility onto someone else to deal with it.

So please understand, you're not talking to someone who's the lackey for anyone or anything.

Peter
Real Trading is not gambling.
  • #1,491
  • Feb 9, 2021 11:02pm Feb 9, 2021 11:02pm
Quoting PeterCaleb
{quote} I believe in skywriting but I would never bother to try and reach out to touch it. Why? Because it's not proactive and it's not helpful. My ability to take action is not solely based on the premise of what I consider real or true, it is based on what helps me see the full picture. And through this, knowing what I can do about it. People who believe every conspiracy theory, whether true or not, are not stabilizing their thinking, they are showing they can be swayed by their fears and ignorance. How much distance a person holds from the truth...
Attached Image (click to enlarge)
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I treat financial markets trading as teamwork where my role is that of putting my money, taking risks, and making decisions with the help of informed virtual assistants.

As a business information worker who has experience of understanding fundamentals at the macro and micro level, as well as www sourcing and content curating skills, I use a few experts or practitioners of live trading as my team members. However, with the kind of your experience, I would like to take advantage of your guidance as well.

For sure, I don't understand technical analysis though , broadly,
I know probabilities studies help a lot. Lacking Excel knowledge, I access data sets available publicly.

I do understand the key role technical analysis plays in unraveling the internal market forces of demand and supply. Can you please suggest criteria to
look for experts who have been analyzing the markets for 10 years, and if possible, with their links. FF is against links of commercial interests. so you can PM to me.

Thank you
Practice makes a person perfect
  • #1,492
  • Feb 9, 2021 11:39pm Feb 9, 2021 11:39pm
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,

For me, financial trading is full of uncertainty where I hardly have any say in the auctions. Competition is of such gigantic proportions that a retail trader can ever think of becoming a competitor by using any holy grail or trade secrets.

Reduced to being an observer, I treat financial trading as a sport of catching fish. I always try to find locations where I can reach the fish and try to get my pound of flesh.

You have shared a similar indicator with FF members in a true sense of learning by sharing information.
I have shared all my experiences and a host of indicators and EAs at FF. Those who love the sport of catching fish will benefit the most.
May I request you to share this indicator.
By the way box, channel or bands always help in plotting trades.
I hope you will soon be making a volume channel too.

Thank you.
Practice makes a person perfect
  • #1,493
  • Feb 9, 2021 11:39pm Feb 9, 2021 11:39pm
Quoting simnz
{quote} {image} I treat financial markets trading as teamwork where my role is that of putting my money, taking risks, and making decisions with the help of informed virtual assistants. As a business information worker who has experience of understanding fundamentals at the macro and micro level, as well as www sourcing and content curating skills, I use a few experts or practitioners of live trading as my team members. However, with the kind of your experience, I would like to take advantage of your guidance as well. For sure, I don't understand...


simnz,

Although I think this really should be your own undertaking, I will place some pieces in front of you to help you (and anyone else) get started.

- Benjamin Graham
- Will Slatyer - trader

Here on FF (Sorry if I have left anyone off this list that you think worthy, I'm not being judgmental at all) ... in no particular order of preference .....

--------------------------------------
***The Equilibrium, a key to success! - Bionics
https://www.forexfactory.com/thread/...key-to-success
***Extracted Thread (per thread starter's request)
https://www.forexfactory.com/thread/...arters-request
***Trading Made Simple (Up to P646 but no further)
https://www.forexfactory.com/thread/...ng-made-simple
***Roadmap - A Way To Read Markets
https://www.forexfactory.com/thread/...o-read-markets
***Price action at the core / tma intra day
https://www.forexfactory.com/thread/...core-tma-intra?
---------------------------------------

Enjoy and good luck.

Peter

PS - There are also the download links I have provided a long the way since I began posting here.
Real Trading is not gambling.
  • #1,494
  • Feb 9, 2021 11:46pm Feb 9, 2021 11:46pm
Quoting PeterCaleb
{quote} simnz, Although I think this really should be your own undertaking, I will place some pieces in front of you to help you (and anyone else) get started. - Benjamin Graham - Will Slatyer - trader Here on FF (Sorry if I have left anyone off this list that you think worthy, I'm not being judgmental at all) ... in no particular order of preference ..... -------------------------------------- ***The Equilibrium, a key to success! - Bionics https://www.forexfactory.com/thread/...key-to-success ***Extracted Thread...
Attached Image
Practice makes a person perfect
  • #1,495
  • Feb 9, 2021 11:51pm Feb 9, 2021 11:51pm
Quoting PeterCaleb
simnz, Although I think this really should be your own undertaking, I will place some pieces in front of you to help you (and anyone else) get started. - Benjamin Graham - Will Slatyer - trader Here on FF (Sorry if I have left anyone off this list that you think worthy, I'm not being judgmental at all) ... in no particular order of preference ..... -------------------------------------- ***The Equilibrium, a key to success! - Bionics https://www.forexfactory.com/thread/...key-to-success ***Extracted Thread...
That list definitely reveal who you are as a trader. Like you wrote who I'm talking to. No surprise, nothings changed.
Know what you trade
  • #1,496
  • Feb 10, 2021 12:23am Feb 10, 2021 12:23am
Quoting BWilliam
{quote} That list definitely reveal who you are as a trader. Like you wrote who I'm talking to. No surprise, nothings changed.


Really? Enlighten me.
Real Trading is not gambling.
  • #1,497
  • Feb 10, 2021 7:22am Feb 10, 2021 7:22am
Found this guy's video. In some ways it's hilarious and in some ways he makes many very good points.

Enjoy. Just prepare yourself. Hihihihi.

Peter

Inserted Video
Real Trading is not gambling.
  • #1,498
  • Feb 10, 2021 7:44am Feb 10, 2021 7:44am
If we want to know if a person can play football ask him to kick the ball on the pitch.
If we want to know if the trader know about forex brokers PhD algo ask him to make some kind of live market call.

There's no way to enlighten traders who are already "enlightened".

Quoting BWilliam
That trade of fractals is over, algo reach destination. Won't bet on Algo to take it higher than 1.5695
Attached Image (click to enlarge)
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Know what you trade
  • #1,499
  • Feb 10, 2021 12:38pm Feb 10, 2021 12:38pm
Quoting BWilliam
If we want to know if a person can play football ask him to kick the ball on the pitch. If we want to know if the trader know about forex brokers PhD algo ask him to make some kind of live market call. There's no way to enlighten traders who are already "enlightened". {quote} {image}

I have a question - assuming this algo exists, is it being shared between brokers?

If its not being shared - wouldn't that mean that we have multiple algos fighting each other on top fighting of retail players ?
  • #1,500
  • Feb 10, 2021 1:27pm Feb 10, 2021 1:27pm
Quoting almo
I have a question - assuming this algo exists, is it being shared between brokers?

If its not being shared - wouldn't that mean that we have multiple algos fighting each other on top fighting of retail players ?
There's a central algo that dictates the market structure and value limits within which actual trading is transacted. This algo is universal for all brokers and market participants. Only black Swan type events require the algo to recalibrate.

When you write about algos fighting each other, you mean market participants trading algos. There are plenty of such algos executing transactions everyday for big financial institutions. These algos are different from the central algo that's referred to in paragraph 1.

There's a discussion about this topic on this thread.
https://www.forexfactory.com/thread/992929-real-or-algo?

RickM comment.
https://www.forexfactory.com/thread/...8#post12889068

My comment.
https://www.forexfactory.com/thread/...7#post12889087

I hope this answer your question.
Know what you trade
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