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Real or Algo

  • #941
  • Mar 8, 2021 1:23am Mar 8, 2021 1:23am
GBPUSD

I have no idea what George is doing in trading these days.
He may well be charting up here with his Fibs & Waves, we do chat, but not about trading at all.

Ok so Franky has opened.

No major dump from the banks in Franky, price holding close to the Asia box ie no breakout attempt there.

The first 1hr targets low are day open candle 1.38056
If they shoot for it, then they usually go for the big round number 1.38000
What they do then starts to become of interest

The low target after that is Yesterday Lo at 1.37781, which is of interest as it lines up with the low target of 12th Feb (11:00 candle). A double target there.

That would also be around the ADR of the day which would then be a possible reversal into the time between London and NY open. They could grind down to the target at 1.37622 and break the ADR. After NY everyone is on their own lol, as I’ll be in the cot.

If they push price up (ie setting it up for a reversal drop down), then 1.38657 is todays current Hi (with another 40p in the kitty if they break that line) (my Asia box hi is 1.38590).

The next swing Target up is the Friday spike at 1.38693, then another swing at 1.38920, with the Fri Hi at 1.39061. Further than that is beyond ADR so probably into NY if that occurs (NY DO like to make either a new Hi OR Lo for the day early in their session).

That’s what I’m looking at now.

Either scalp trading in the momentum towards a Target that is giving up 7-10 pips, or greater. And watching for that on the 1 min. (and maybe then a couple of consecutive trades, who knows, I just wait & watch)

I may not even trade GU, what the “market” does will determine any trades for me.

The key early points for me are the Asia box breaks and if they fake n flip back inside the Asia box.
(my Asia box runs from 2:45 to 8:45 chart time)
  • #942
  • Mar 8, 2021 1:23am Mar 8, 2021 1:23am
Quoting RickM
They appear to make their money by trapping traders during the journey and destroy them at their destination.
I think we are skirting the issue.
Who are these "traders" you refer to?
Who does this "dumb money" refer to?

Retail traders who execute 0.01lot with their retail brokers?
Is this the money this trillion dollar casino algo is after?
Know what you trade
  • #943
  • Mar 8, 2021 1:24am Mar 8, 2021 1:24am
The Algo, should it exist, would run one or some of the GU targets I would think, setting up for bigger moves on Tuesday.
  • #944
  • Mar 8, 2021 1:28am Mar 8, 2021 1:28am
Quoting TimeTells
The Algo, should it exist, would run one or some of the GU targets I would think, setting up for bigger moves on Tuesday.
Does this mean that intraday traders have to wait for this algo move to some mysterious George's target?
Are we able to tell right now or sometime today which target that's suppose to be?
Can I assume that intraday traders stay out of the market today until such time that this mysterious target is identified?
There's no trade for scalpers today?
Know what you trade
  • #945
  • Mar 8, 2021 1:34am Mar 8, 2021 1:34am
Quoting BWilliam
{quote}
Does this mean that intraday traders have to wait for this algo move to some mysterious George's target?
Are we able to tell right now or sometime today which target that's suppose to be?
Can I assume that intraday traders stay out of the market today until such time that this mysterious target is identified?
There's no trades for scalper today?

Ahhh, got it now BW.

I took the chance that you were asking a fair dinkum question.

These are MY targets.

And they are not mysterious targets at all if you read my post.

As I have identifed them right down to the 5th digit.

It would seem that you are hell bent on denigration again. Sad.
  • #946
  • Mar 8, 2021 1:39am Mar 8, 2021 1:39am
Quoting TimeTells
Ahhh, got it now BW. I took the chance that you were asking a fair dinkum question. These are MY targets. And they are not mysterious targets at all if you read my post. As I have identifed them right down to the 5th digit. It would seem that you are hell bent on denigration again. Sad.
I must admit I somehow didn't see the details you posted, yes I didn't see the entire large chunk. I apologise. Let me read then see if there's a need to post questions.

***it will be helpful if you post a chart to mark those targets. It's easier this way than to read through the long paragraph.

For the last time I don't denigrate. However, I do pose hard questions. And I do appreciate you post your market analysis in real time market. No obligation to anyone.
Know what you trade
  • #947
  • Mar 8, 2021 1:43am Mar 8, 2021 1:43am
Quoting BWilliam
{quote}
Does this mean that intraday traders have to wait for this algo move to some mysterious George's target?
Are we able to tell right now or sometime today which target that's suppose to be?
Can I assume that intraday traders stay out of the market today until such time that this mysterious target is identified?
There's no trade for scalpers today?

You can weasel around all you like BW.

The bolded above is an attempt to denigrate George.

This is certainly NOT the first time you have done this.

And I'm certain it won't be the last.

It's an acronym I know lol, but FO
  • #948
  • Mar 8, 2021 1:45am Mar 8, 2021 1:45am
Quoting TimeTells
You can weasel around all you like BW. The bolded above is an attempt to denigrate George. This is certainly NOT the first time you have done this. And I'm certain it won't be the last. It's an acronym I know lol, but FO
And you can get stuck in denigration all you want. Nobody is interested in that.
Let me read your long post check the chart to understand what you're saying.
Know what you trade
  • #949
  • Mar 8, 2021 1:52am Mar 8, 2021 1:52am
Quoting TimeTells
Ahhh, got it now BW. I took the chance that you were asking a fair dinkum question. These are MY targets. And they are not mysterious targets at all if you read my post. As I have identifed them right down to the 5th digit. It would seem that you are hell bent on denigration again. Sad.
I read your post and cross checked those targets you mentioned on the chart. Members can plot those targets on the chart draw their own conclusion. I have no comment to make about George's target. No questions.
Know what you trade
  • #950
  • Mar 8, 2021 2:04am Mar 8, 2021 2:04am
George is the algo! (Sorry, couldn't resist the color and larger font.)

Does anyone know why he changed his trading? After reading over 125 pages of the 250+ page thread, I happened to take a look at the 'new' thread and saw he went E-wave, etc. I was a little upset with him to say the least. I trade a lot the way he traded (not for the same reasons and not with a basket of trades) so it was interesting. Wish I'd had a chance to talk with him. Hope he's okay. Seemed to try to take the world on his shoulders.

Oddly, before I read his thread, I had come up with a way to keep a contrarian trade from hurting the account for my trading process that would apply to his. (It's an ea now.)

Anyway, a currency pair may be arriving in George's Playground any time now.
  • #951
  • Mar 8, 2021 3:09am Mar 8, 2021 3:09am
Quoting BWilliam
{quote} I think we are skirting the issue. Who are these "traders" you refer to? Who does this "dumb money" refer to? Retail traders who execute 0.01lot with their retail brokers? Is this the money this trillion dollar casino algo is after?
Who are the traders?

Bankers trading smaller equity accounts and all other traders.
Bankers are just as dumb as well and get trapped just as often. The big players make good money off them especially.

Lets look at AUDUSD where I have just taken a trade. I can see a large Buy just took place at 10.40, at 10.41 a big player moved in to clear out all remaining sellers at this price (trapping that last banker) - causing price to fall bearish. I have a 10 second delay in my data but I traded against the big players move 5 seconds later. Result nice quick 7 pip win in 48 seconds.
Can I say BWilliams I have taken 155 positions last week and 5 tonight and only 1 position on Friday has caused me a loss in equity. Remember I make my calls in a live trading room which and those calls can be verified.
I trade knowing its the big players - not an Algo as I have data coming in my tape.
But don't get me wrong, I do believe in a Algo theory - just its only a maintenance code.
Trading thin liquidity at the boundary of the charts
  • #952
  • Mar 8, 2021 3:12am Mar 8, 2021 3:12am
I
Quoting CashBox
George is the algo! (Sorry, couldn't resist the color and larger font.) Does anyone know why he changed his trading? After reading over 125 pages of the 250+ page thread, I happened to take a look at the 'new' thread and saw he went E-wave, etc. I was a little upset with him to say the least. I trade a lot the way he traded (not for the same reasons and not with a basket of trades) so it was interesting. Wish I'd had a chance to talk with him. Hope he's okay. Seemed to try to take the world on his shoulders. Oddly, before I read his thread, I had...

Hi CashBox,

I reckon George would probably get a laugh out of your coloured fonts lol.


GBPUSD looks stuck inside the Asia box now till Red News in an hour when The Gov of the BOE will make some press.

I'm assessing other majors now.

Wait till after that press annoucnement, I guess, no real entries for me on GU inside this timeframe.

all the best
  • #953
  • Mar 8, 2021 4:05am Mar 8, 2021 4:05am
Quoting RickM
Who are the traders? Bankers trading smaller equity accounts and all other traders.Bankers are just as dumb as well and get trapped just as often. The big players make good money off them especially.
Thanks RickM. I love to read that. Now it's cleared up, we have the same understanding.
Know what you trade
  • #954
  • Mar 8, 2021 4:07am Mar 8, 2021 4:07am
Quoting BWilliam
{quote} (This post will get me into trouble again due to the implications of understanding the math behind the master algo.).
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  • #955
  • Mar 8, 2021 4:33am Mar 8, 2021 4:33am
Quoting RickM
So it’s just the big player creating patterns or perhaps I should say “painting candles” to suck in other price action traders who believe in witch craft.
And your comment here complete the picture.
I want to make sure i get it correct.
I am certainly on the same page.

Quoting RickM
{quote} Who are the traders?
And I assume you still stand by your much earlier comments about George targets.
Again I concur with you.

With that you should understand the reason behind my response posts to TimeTells.

Ofc I'm made the bogeyman. It's ok. NP
Know what you trade
  • #956
  • Mar 8, 2021 5:07am Mar 8, 2021 5:07am
GBPUSD is still in a holding pattern inside the Asia box. And getting close to my shut down time for the night.


So no trade on that pair tonight for me.



Still.

Simple use of Technical Anaylsis, combined with Fractal Targets.

and

Using directional momentum change AND CONFIRMATION usually has a pair somewhere ready for trade.

Tonight I was fortunate that was USDJPY.

TA, when thought out logically in the moment, not predicted in advance, can provide quite reasonable probability trades.


Keep it simple imo. Big data and maths is not the only way to skin a cat


.
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  • #957
  • Mar 8, 2021 5:22am Mar 8, 2021 5:22am
Quoting TimeTells
GBPUSD is still in a holding pattern inside the Asia box. And getting close to my shut down time for the night. So no trade on that pair tonight for me. Still. Simple use of Technical Anaylsis, combined with Fractal Targets. and Using directional momentum change AND CONFIRMATION usually has a pair somewhere ready for trade. Tonight I was fortunate that was USDJPY. TA, when thought out logically in the moment, not predicted in advance, can provide quite reasonable probability trades. Keep it simple imo. Big data and maths is not the only way
to skin...
Did not get properly your confirmation?
You said directional momentum change.
Do you mean high removed?
  • #958
  • Mar 8, 2021 5:26am Mar 8, 2021 5:26am
Dig Deeper,fall sleep faster.

There are so many patents where are lotsa information. I found many interesting patents.
https://patents.justia.com/patents-b...ication/705/37

https://patents.google.com/patent/US20130173446A1/en
  • #959
  • Mar 8, 2021 5:34am Mar 8, 2021 5:34am
Quoting TimeTells
GBPUSD is still in a holding pattern inside the Asia box. And getting close to my shut down time for the night. So no trade on that pair tonight for me. Still. Simple use of Technical Anaylsis, combined with Fractal Targets. and Using directional momentum change AND CONFIRMATION usually has a pair somewhere ready for trade. Tonight I was fortunate that was USDJPY. TA, when thought out logically in the moment, not predicted in advance, can provide quite reasonable probability trades. Keep it simple imo. Big data and maths is not the only way to skin...
Hi TimeTells, just want to clarify do you still standby what you wrote earlier ?

Quoting TimeTells
If I had your grit & determination at a younger age than I am now, I may well have gone down the maths path that you have found success with. .
Quoting TimeTells
So yes, the Maths folk may be more PRECISE. And a better long term trading option for someone starting out in forex.
Know what you trade
  • #960
  • Mar 8, 2021 5:40am Mar 8, 2021 5:40am
Quoting TimeTells
GBPUSD is still in a holding pattern inside the Asia box. And getting close to my shut down time for the night. So no trade on that pair tonight for me. Still. Simple use of Technical Anaylsis, combined with Fractal Targets. and Using directional momentum change AND CONFIRMATION usually has a pair somewhere ready for trade. Tonight I was fortunate that was USDJPY. TA, when thought out logically in the moment, not predicted in advance, can provide quite reasonable probability trades. Keep it simple imo. Big data and maths is not the only way to skin...
Nice one TT
Yup, even scalping SPX in the deadzone can be profitable...no big PHD math...no secret volume indicators. Mind-numbingly boring, but hey ho...maybe that's what the years do to you in trading. Would be nice to know more about why things happen but if it's not to be it's not to be. Price creates areas of interest then breaks them. Is it a breakout? Is it just a stoprun? Who knows. I make my money off stopruns...sure, if it breaks out and runs i get the odd stopout (but very often there's a retest right after breakout anyway..HINT HINT HINT

I'm sure u and Rick are accomplished profitable traders in your own right and I respect that. For anyone reading this that may be newer to trading....all the talk of years and years of study and complex maths etc etc. It simply is JUST NOT NEEDED. I say that to ENCOURAGE traders not to be disheartened and think that you somehow need to put YEARS of data analysis in to compete with the PhD Quants. These guys have a different agenda...they have to move BIG VOLUME..They are the SHARK...u are the small fish swimming behind with the smiley face as u scoop up all their scraps.

With all that in mind..a trader has infinitely more chance of being QUICKLY profitable by reading a thread like Laura's Roadmap or Bilal's 1m Divergence than some of the drivel here.

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trading is "SAME AS IT EVER WAS"



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