Price action at the core = family members' discussion project

Stop rambling like a old fool and watch AUDUSD on M1

Now, tell me what you see

OK looks like you have no vision on how manipulation of liquidity can alter market direction

I’ll wait and see what happens at the 127.

Quoting RickM

Disliked

{quote} Stop rambling like a old fool and watch AUDUSD on M1 Now, tell me what you see OK looks like you have no vision on how manipulation of liquidity can alter market direction

Ignored

Truthfully, what I see is multiple trade opportunities from low to high and vice versa. Something I know for a fact, real world conspiracies do not have their inception in the financial markets. There is always more to it than that. OF COURSE the bloody markets are manipulated. Otherwise you'd see nothing but a horizontal flat line on the screen.

The more important query I have for you - are you finding your trades are failing although your analysis is "good"? And you're struggling with the reasons why it happened?

Peter

If you're dealing with liquidity manipulation, then either your broker sucks, or, you do not understand yet how to counter lever it on your side. Please don't assume I'm like everyone else on this site.

Peter

Well fair enough, you have had your say.
The problem is the liquidity providers and it affects all brokers.
I trade with IC Markets, Pepperstone, Axitrader, City Index, Go Markets.
Same price manipulation on all brokers, similar problem with limit orders going missing -

But only in the Vacuum.
Like BWilliams saids, no point talking any further because the theory’s beyond most traders

Quoting RickM

Disliked

{quote} Well fair enough, you have had your say. The problem is the liquidity providers and it affects all brokers. I trade with IC Markets, Pepperstone, Axitrader, City Index, Go Markets. Same price manipulation on all brokers, similar problem with limit orders going missing - But only in the Vacuum. Like BWilliams saids, no point talking any further because the theory’s beyond most traders

Ignored

RickM,

Firstly I'm not just "any trader". Secondly, I'm not going to get into a debate or argument with people over liquidity or brokers. Why? Because usually people assume there is an ulterior motive for what I may say. What I will say is this - I do not experience these problems with my brokers.

And I will say this - If you are "noticing" certain discrepancies like what you are describing, then your broker should be able to answer your Q's. BUT, in my experience, if a broker cannot/will not answer your queries AND "just coincidentally" also happens to offer leverage greater than 100-200:1, then you're not dealing with transparency, so you probably will never find out why. I have done a real time live fact check on those brokers now and can say that you may need to investigate further. No "scare tactics", no "I know better" etc. Just basic experience and knowledge of how the industry works.

I say these things sincerely as I know the games the brokers can play at times.

If I may say this too - As long as it is taken as honest help nothing more or less - it depends on whether your broker's business model is industry model or something else. A way back on this thread I posted a youtube link to a video that discusses such things. I do not advocate anything here except that people learn instead of assuming OK.

I hope that helps as I know it can be frustrating.

Peter

For anyone who doesn't already know, leverage is a form of credit that compounds on itself beyond the usual measures of placing 2 orders to markets rather than just 1.

Below is a simple example of what I mean .....

Attached Image

Peter

So using more leverage has absolutely nothing to do with anything except your approach to your trading.

Do you NEED leverage to trade in a consistently successful way? No of course not. Leverage does not "make " a trade successful. It merely amplifies the market's "follow through". So for instance, using more leverage on "momentum trades" makes a lot of sense because the market "carries you" to your 'target'. But using high lev. for deep swings or wide spike trades is insane and highly irresponsible.

Many people do not know that the Spot Forex market has an 'industry standard' when dealing with leverage. And anything beyond it is required to be assessed independently by the entities that "fund" your broker. This information is freely available but most people just assume that "more leverage" is normal and a good thing.

But if you want longevity from and through your trading activities, then you must be responsible with your capital. I'm speaking mainly to those people who intend to or are deriving a primary income from trading.

Apart from very specific types of strategies, high leverage is unnecessary and does not make you a great trader.

I hope that helps.

Peter

Okay, I see the 0.7715, price moved through and around 0.7715 multiple times since May of 2015. The price 0.7715 is significant enough that the market has reacted to this price. When you say vacuum, I interpret it as a sharp drop or rally in which price is ‘sucked’ back to its origin showing us a resulting ‘V’ or upside down ‘V’. Different traders define vacuum differently, what is your view of a vacuum on the charts. What is it about 0.7715? I am interested in everyone’s views and criticize none. I look at the charts, price appears to react more favourably to 0.7750? Thanks in advance. -Mike

All of this stuff to me, is akin to standing outside a football stadium during a game. You see and hear the fireworks go off above your head. You can hear some things going on inside and even, occasionally, you can see movement through the hallway style walkways that lead into the general stadium. However, this is not the same as actually BEING inside the stadium where you would see, hear and observe everything going on in full view.

I have learned to use Schrödinger's cat as an approach to my thinking when facing a situation where it's difficult to "decide". It basically states - until you know 100% of the final outcome, there is a 100% possibility that both potential outcomes are real and feasible. So what I do, is make plans for both potential outcomes. Simple and highly effective.

There are indeed things going on in this world that is reshaping life on this planet. I don't think anyone would disagree with this. The questions that arise are - what have you noticed and made note of? what is happening that you can notice in a repeated way? What have you been noticing happening beyond your usual areas of interest? ..... Eg. for people here, consider these Q's beyond the world of FX trading etc.

If you lose the ability to think, then it's over for you.

Peter

coincident, lucky, 1 time talk cock, 1 night stand don't be happy, blah, blah, blah
whatever blow your hair back

Based on your experience, is it true controlling your mind and opening your purse from time to time to meet drawdown is more important (90% of the time) than anything else? This means 10 pc of skill is needed to find which symbol has strong mean-reverting tendencies and ability to produce pip milk, then draw 3 lines on the chart assuming them to be win target, and loss target and middle line as entry shooter or use similar trading plots or tactics.

Having done that when the price line is at or close to the middle level of D1 or H4 you toss and go by the result of head and tail for direction selection.

For me, it's like a fishing sport. I have to locate the fishing spots myself, look at the climate, and then decide whether to fish or not.
Repeatable patterns make all the sense here.

Is there anything else really to it other than putting in your time, money, and mind into a game designed to favor deep pocket holders?

If no, then isn't 10% effort for 90% outcome a better proposition than the one delivered by Pareto principle model of 20% -80%?

It is a model I have drawn based on the fishing sport.

I will be grateful if you could provide some links (not commercial and inviting FF objections) for this unfinished model.

I am looking for free sites where passionate real traders and analysts like you provide the information.
It is my strong belief that www is full of people (like you who don't believe in keeping secrets) who are generous in sharing their observations and by doing so they keep improving their own skills of trading and analyzing the markets and assets.

You are welcome to change the model structure.

From my experience, the 20/80 rule is expandable as needed to help a person understand many different things. But I would not suggest nailing it down to any one way of thinking. Trading is really about the nature of thinking, observation, problem solving, knowing how to learn from your own mistakes, enhancing your own ability to deal with money, self discipline and maturity. Most people struggle because they are in denial of having a problem in one or more of these areas. So they do not learn and adapt.

I would suggest make whatever notes you can as you learn, however, I'd say that maybe 80-90% of what people come in contact with, is basically useless in the long term. Why? Its constraints are usually too rigid to withstand the test of time that is always based on the constants not the variables. I would suggest to everyone learning, to keep some kind of journal/scrapbook etc of everything they think, feel and find out, everything you learn, regardless of how trivial or small a detail you judge it to be.

The nature of those percentages you mention, will only make more sense to you once you have traveled far enough along your learning curve, to find what truthfully works at least 80% of the time, in a natural and consistent way. So me discussing them here now won't mean much to someone who cannot relate to what I speak about. But I see you are on the right track with keeping notes and records. Certainly better than I did when I first started a long time ago.

I would say to people to remember back to those people who invented the light bulb, or electricity, or the telephone - you find a 1000 ways it doesn't work to then come full circle to find what does work, consistently and effortlessly.

Simz, to the matter of finding sites etc. It's not the sites that need to be found. It is your ability to recognize the layers of the process repeating as shown in someone's approach and design in their mind as they discuss their methodology and beliefs about the market and probably also the story they superimpose over the market so it all makes sense to them. That way, you will find what shows up again and again, and what turns up as something new of different. There's no exchange for time with this part of learning. But I have found that whatever you have available can be a learning tool. So youtube, FF etc offer great insights for someone who's willing to use a 360 degree view on every approach they come in contact with. This is a strange, odd or "seemingly pointless" approach to most people because they're too focused on money and not the process that comes before it. But I guarantee it works better than any other.

When you can learn something even from someone you find disgusting or rude etc, then the learning will make sense.

I don't know if there's much more I can say here but I hope this all helps.

Peter

Ok...I'm not sure this thread is of any use to anyone trying to pick up anything new.
There's a whole lot of "I've got the Holy Grail but I'm not telling" nonsense that has been around FF since Jesus was a boy.
But, you have to ask yourself...WHERE IS THE PROOF?? Yes, there's lovely charts pointing at lovely levels and the usual follow up posts of "see, told you", but for the majority of them there is no advance discussion of how that level will be traded, expectations for profit, handling and protection of losses.

If a football manager goes for an interview and tells Barcelona he is the World's best coach, he has cracked the way to beat all football teams...don't u think the big heads at Barca are going to ask him about his MANAGERIAL RECORD.... his TRACK RECORD ?? (Ok, of course he won't even get to the interview stage before that is checked, but u get my point?).

Now...and with all due respect of course..I am not calling anyone a CHARLATAN here (yet) but it really is up to PROVE what they are saying. There will be the usual "I'm not showing my personal returns, that's my business only", "results can be photoshopped so there's no point", "you need to put in 10,000 hours before u are even worthy of talking on the same thread as me".

The ONLY proof worth anything here is calling trades in advance..not just a level..there has to be a full plan of how that level is traded and the result. Then the poster will gain the IRREFUTABLE proof they so desire. No excuse, no "I can't do that as I don't want people following my trades"..we can all agree it's just for fun ! just for a week or so.

Oh, and the analogy of light bulbs, electricity, electricity, telephones etc...if the inventor of each one just thought "woo hoo I'm just going to sit in my house and keep all this cool stuff secret" where would we be now? Still in frikin caves ,, because each inventor learned something passed on from somebody before them. They didn't all start for the World year zero. So, maybe could it possibly be that one of the newer members of the thread might just be the person able to take the theories to the NEXT level given the chance?

And to finish.. anyone here saying they've "cracked the algo", "know where the price just has to go in the near future". With that knowledge, the ability to make untold amounts of money is surely obvious? So, why would they be here everyday... spending HOURS on posts on FF? Why aren't they showing us the blueprints of their 3 new mega hospitals in the World's 3 poorest countries? Why aren't they showing us a selfie in front of the convoy of trucks they've just send aid to Africa in?

At the moment the BS monitor is off the scale on this thread..there's nothing more I'd LOVE to see than it falling to ZERO.

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HIT THE NAIL ON THE HEAD

Nothing to learn or don't want to learn.
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No need to learn anything just need to have iron balls
It either break high or break low

I agree!