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Price action at the core = family members' discussion project

  • #1,561
  • Feb 11, 2021 11:14am Feb 11, 2021 11:14am
Quoting Rmg
{quote}
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  • #1,562
  • Feb 11, 2021 11:24am Feb 11, 2021 11:24am
M1 Execution - bought at daily low upon price action, BOS and mitigation of OB.
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"Exchange of hands"
  • #1,563
  • Feb 11, 2021 2:41pm Feb 11, 2021 2:41pm
Quoting Danger-Mouse
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...
So you want a trader who has been working on his strategy for 6 hours a day, for over 18 years who has missed time away from family and friends just so he could obtain a profitable wage to pay his bills just to hand over to you his trading blueprint.
A strategy that has cost him countless sleepless nights and risked his relationship at times just so he see what the next 1 minute candle will do instead.

Here is my answer


99% of traders will make more money flipping burgers in the nearest takeaway bar.
Those 1% of traders that do make more money aren’t going to offer a dam bloody thing because you haven’t earned their respect as your eyes are probably not even bloodshot from all the screen hours you need to become profitable.
Trading thin liquidity at the boundary of the charts
  • #1,564
  • Feb 11, 2021 2:58pm Feb 11, 2021 2:58pm
Quoting RickM
{quote} So you want a trader who has been working on his strategy for 6 hours a day, for over 18 years who has missed time away from family and friends just so he could obtain a profitable wage to pay his bills just to hand over to you his trading blueprint. A strategy that has cost him countless sleepless nights and risked his relationship at times just so he see what the next 1 minute candle will do instead. Here is my answer 99% of traders will make more money flipping burgers in the nearest takeaway bar. Those 1% of traders that do make more...
Yep...that's about how it is.
  • #1,565
  • Feb 11, 2021 3:12pm Feb 11, 2021 3:12pm
Quoting RickM
{quote} So you want a trader who has been working on his strategy for 6 hours a day, for over 18 years who has missed time away from family and friends just so he could obtain a profitable wage to pay his bills just to hand over to you his trading blueprint. A strategy that has cost him countless sleepless nights and risked his relationship at times just so he see what the next 1 minute candle will do instead. Here is my answer 99% of traders will make more money flipping burgers in the nearest takeaway bar. Those 1% of traders that do make more...
Nope. Not asking you to reveal the inner workings of your strategy. Just a simple advance trade call ..in..out...stoploss..Don't need a fancy chart with any revealing tell-tale signs. Don't worry, I won't copy your trades
  • #1,566
  • Feb 11, 2021 3:17pm Feb 11, 2021 3:17pm
Quoting Danger-Mouse
{quote} Nope. Not asking you to reveal the inner workings of your strategy. Just a simple advance trade call ..in..out...stoploss..Don't need a fancy chart with any revealing tell-tale signs. Don't worry, I won't copy your trades
He just gave you one last night for AUDUSD, and you were here for it.

What more do you want.....something etched in stone??
  • #1,567
  • Feb 11, 2021 5:08pm Feb 11, 2021 5:08pm
Quoting Danger-Mouse
{quote} Nope. Not asking you to reveal the inner workings of your strategy. Just a simple advance trade call ..in..out...stoploss..Don't need a fancy chart with any revealing tell-tale signs. Don't worry, I won't copy your trades
I was expecting you to snap at me LOL

That’s easily done, I make live trade calls in the Cave all night long, as do others.
The problem in posting my trades calls here is my average trade period is under 8 minutes.
My theory is it’s best to make your money out of the market by being out of the market as quick as possible.
Unfortunately this forum just isn’t set up for live trades calls.
But I do use the F word sometimes.

I do HEDGE if required.
Trading thin liquidity at the boundary of the charts
  • #1,568
  • Edited 6:17pm Feb 11, 2021 5:13pm | Edited 6:17pm
Let us stick back to TMA

Inserted Video
  • #1,569
  • Feb 11, 2021 5:14pm Feb 11, 2021 5:14pm
Quoting RickM
{quote} I was expecting you to snap at me LOL That’s easily done, I make live trade calls in the Cave all night long, as do others. The problem in posting my trades calls here is my average trade period is under 8 minutes, often 20-60 seconds and I am in and out. My theory is it’s best to make your money out of the market by being out of the market as quick as possible. Unfortunately this forum just isn’t set up for live trades calls. But I do use the F word sometimes. I do HEDGE if required.

Do not mention Hedge!!
It's rule 1, No 1, Subsection 1, .. of 1.....on this forum... hang your head in shame....
  • #1,570
  • Feb 11, 2021 6:14pm Feb 11, 2021 6:14pm
As far as I'm concerned, I do NOT condone scalping ON ITS OWN. Nor any other trade style..... on its own. Why? It's a lazy and narrow minded attempt to understand something that does small, medium and large movements. So by isolating your perception you misunderstand the whole picture.

Danger-Mouse and anyone else who has a problem with the way I explain things ..... just talk to me. I am contactable. I will try to help I just won't baby you.

To speak for myself here, I don't lie or deceive anyone. EVERYTHING I speak of is real, tangible, verifiable & "checkable". Lift your bloody standards people, jeeez !!

The world overall might let you get away with "easy thinking" but trading will slaughter you if you don't think things through. Make observations.

To get into ANY trade .... take your time making your assessment. Work out if you prefer to enter quickly or slowly.

Simple approach - depending on what style of trade it is, will depend on if you need a slow or quick entry. Could you use your "demo" account to mimic your initial position in case you get in too early?

Although I have not put in front of people any formal course curriculum, with chapter and verse, the pdf I have offered will help anyone get their mind right for trading. If you think it's about pushing buttons you're just plain wrong. If you think the "right" information will make the grade you're wrong.

If your head works properly, then your observations will help you understand entry and exit of your desired trades.

No advance calls or "live trades" are necessary if the person is concentrating on teaching their mind to think like the market. No cliche (or guru crap) when I say that. Just basic thinking.

People are still trying to get away with being outsiders to this industry but want results without the learning curve.

I don't care if anyone thinks I'm just bullshitting etc. I myself have given prior trade calls along the way and shown many things.

I will help someone like Danger-mouse but surely you realize that you need to do the rest of the work for your own benefit.

That's all I will say here. If you don't have any self respect then you'll never question your own assumptions.

Peter

Real Trading is not gambling.
  • #1,571
  • Feb 11, 2021 6:26pm Feb 11, 2021 6:26pm
I have been doing this for over 30 yrs - learning and reviewing and learning and reviewing.

You have static structure and you have fluid structure. BURN THIS INTO YOUR BRAIN.

You have a fluid price-like value that does things that MUST repeat in some familiar way because it's operating within a confined environment.

Always be ready with a market order AND a limit order for EVERY trade setup. NEVER use stop orders.

Mt4 offers ways to drag and drop orders onto the chart, scripts to double click orders onto the chart etc. The video of that guy I posted in the last few days does a lot of trading and work with these sorts of mt4 tools. I just found him very recently and so I felt it may be useful for people here. Go there and take a look.

Regardless of how people's opinions vary or change, the game is simple - outsmart your market. Stop playing the little victim and find your strength.

At the MOST BASIC OF BASIC levels of observation, look at a basic chart and make note of the ways that market "likes to correct its thinking". This will help to understand in advance what options IT HAS and will then execute.

I hope that helps.

Peter
Real Trading is not gambling.
  • #1,572
  • Feb 11, 2021 7:08pm Feb 11, 2021 7:08pm
Quoting RickM
So you want a trader who has been working on his strategy for 6 hours a day, for over 18 years who has missed time away from family and friends just so he could obtain a profitable wage to pay his bills just to hand over to you his trading blueprint. A strategy that has cost him countless sleepless nights and risked his relationship at times just so he see what the next 1 minute candle will do instead. Here is my answer 99% of traders will make more money flipping burgers in the nearest takeaway bar. Those 1% of traders that do make more...
What's interesting is the likes identify 2sets of members.

Earlier I had a conversation with a member who made me understand why that post was made. And the same thing happens all the time on FF.
Know what you trade
  • #1,573
  • Feb 11, 2021 7:39pm Feb 11, 2021 7:39pm
Yes all this shows there are constantly a steady supply of the three types of people on here ----

- People who try and help
- People who want to learn and will do what's required to push themselves to learn
- People who are timewasters with little to no interest in trading the financial markets

The two types of personalities on here are ----

- A person who wants to be an employee to an idea
- A person who understands what it means to be a self starter (self employed) who seeks independence

All the things people say and talk about on this site, will always lead back to this assessment because this is where people 'come from'. I am tired of talking about things that other people have given no thought to BUT seem to have an opinion about. Children belong in school and should stay there until they have enough self respect to know how to learn something. These are just my thoughts but I have seen the same thing on every thread and I see it in most people. If you haven't relinquished your "schooling way" of approaching something to learn, then you are still in school and do not live in the real world. Until the person acknowledges this, who cares how much weight you put on an opinion. You are not any less a person just because your opinion is wrong.

When you see something happen a thousand times over, it's more than just an opinion or coincidence.

Peter
Real Trading is not gambling.
  • #1,574
  • Feb 11, 2021 7:50pm Feb 11, 2021 7:50pm
As I have said before, for anyone who genuinely wants to learn, start by drawing a blueprint of what you see and observe, what you see happen regularly and observe and make note of the small differences in the same things that happen each time. Doing it this way you will train your mind to "hunt" rather than look for the "right answer" as you were to taught to do in school. Your mind is flexible enough to do this. It's what it was designed to do. There is no "teacher's textbook with the right answers in the back of the book". It is about testing the waters from many different angles of thinking and finding the one that marries what the market does with what you do. Simple. True. Honest. Real. Doable. Evergreen.

Everything else is folly.

It moves up and down and chews through time as it goes. Sometimes more on one side or the other.

People's poor attempts at giving more worth to their silly opinions is part of the reason why they get in trouble. And why they fail to admit they're wrong and why they do not learn. And why they find it easier to blame other people. I will happily teach someone but not if they want to argue with an opinion over the simple truth that presents itself.

Peter
Real Trading is not gambling.
  • #1,575
  • Feb 11, 2021 10:45pm Feb 11, 2021 10:45pm
Quoting PeterCaleb
As I have said before, for anyone who genuinely wants to learn, start by drawing a blueprint of what you see and observe, what you see happen regularly and observe and make note of the small differences in the same things that happen each time. Doing it this way you will train your mind to "hunt" rather than look for the "right answer" as you were to taught to do in school. Your mind is flexible enough to do this. It's what it was designed to do. There is no "teacher's textbook with the right answers in the back of the book". It is about testing...
no words can replace charts!
"Exchange of hands"
  • #1,576
  • Feb 12, 2021 12:38am Feb 12, 2021 12:38am
I am happy to discuss concepts and work with someone regarding conceptual thinking but I feel this site is already bloated with surface layer chit chat and pretty pictures and far too little of what comes before all that.

Peter
Real Trading is not gambling.
  • #1,577
  • Feb 12, 2021 1:44am Feb 12, 2021 1:44am
GBJPY M1 execution
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"Exchange of hands"
  • #1,578
  • Edited 2:50am Feb 12, 2021 1:45am | Edited 2:50am
Quoting bilal1947
M1 Execution - bought at daily low upon price action, BOS and mitigation of OB. {image}
GBPNZD Update:
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"Exchange of hands"
  • #1,579
  • Feb 12, 2021 3:13am Feb 12, 2021 3:13am
Quoting bilal1947
GBJPY M1 execution {image}
gpbjpy update
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"Exchange of hands"
  • #1,580
  • Feb 12, 2021 3:32am Feb 12, 2021 3:32am
Bilal,

This is what I am talking about. Pictures can "help" but only after someone has fully learned the concepts. The first time you spoke to me I said - How many times would you allow someone to punch you before you either block it or duck it? This is my point. The true basics have not changed AT ALL since way back when I started decades ago. The concept of resistance (NOT Support Resistance) but just simply the basic definition of something coming up against a form of resistance. What happens? It either hits that resistance and then goes the other way, or, bounces around THEN goes the other way or breaks through.

So, by the 2nd or 3rd or 4th time I try and punch you, you "should", technically, if I am doing the same punch over and over again, see it coming. Hence being able to "anticipate" the next punch. Right? So if people can wrap their brain around ONLY THIS concept, then go and look on the chart for fundamental resistance happening, how would it usually look? It would look like flat tops, flat bottoms, MM and WW ...... right?

The problem for most normal people is they want something for nothing. They don't want to risk a dollar to make 2 or 3 or 4. Simple psychology.

This post's content is a perfect living example of how to describe a constant in ALL markets.

So for all those "fractal followers" and the people who "believe in" the fractal theory of the financial markets BUT THEN ..... go and do all this crazy intellectualized rubbish with indicators and everything else....... WHY? Because you have NOT learned the true basics of the markets. A 100% riskless trade does not exist unless you have insider information.

Another issue I have with people re: trading - If you are trying to learn, know when to stop talking stop with the opinions and listen and learn.

I know how to use lots of tools BUT I ALWAYS return to the basics to CHECK their validity against the constants. The variables don't make money year in and year out. It's the constants that do this.

I hope that clarifies some things.

Peter
Real Trading is not gambling.
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