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Real or Algo

  • #981
  • Mar 8, 2021 9:40pm Mar 8, 2021 9:40pm
GBP was a great trade today. We started trading GA last night, as we were taking our first E$ trade. The G$ is stuck in a holding pattern, and we saw that the A$ was starting to react to dollar strength, so the GA was the GBP play. First entry last night was at 1.7975, with a second entry later in the evening at 1.8060, and both were taken on the second run up, at about 1.8085. After a deeper retrace, we entered again at 1.8037, and another at 1.8064. I exited 1.8037 at 1.8100, as it hit that target. The 1.8064 has a stop at 1.8070, and I'm headed for bed. GA or GN is a terrific place to trade a boxed up G$.
  • #982
  • Mar 8, 2021 10:02pm Mar 8, 2021 10:02pm
Quoting TimeTells
{quote} Good advice to be careful, something is brewing yes. When something brews I always think fake n flip ahead (whipsaws etc), so if price would be to go up, I would see they might shoot low first. And the opposite if they shoot low. You must know (lol) that the very first thing I do when I see any price listed (like 1.4006 and 1.3640) is that I immediately start to look for a MY Target in that vicinity. And I have done that. Lol. But I will let yourself or any others investigate by themselves if they so desire, to see what I see. (which...
I wouldn’t mind seeing a naughty break North out of Asia range, firing pending Longs, reverse short taking out Fridays low, trapping Long forcing closure and firing short pending orders then North to Thursday high again trapping the shorts... but then who knows....
  • #983
  • Edited 10:52pm Mar 8, 2021 10:26pm | Edited 10:52pm
Quoting GEfx
GBP was a great trade today.
We started trading GA last night, as we were taking our first E$ trade.
The G$ is stuck in a holding pattern, and we saw that the A$ was starting to react to dollar strength,
so the GA was the GBP play.

Hi GEfx,

Great trade, sir.

I only trade the majors here (with maybe GJ every so often lol)

BUT I always like to look at a chart when someone puts up a trade.


It was, I see, also a classic Target hit. Well done.


(I won't degrade disembellish take away from the trade with any algo stuff lol because you have explained your logical reason for the trade perfectly)


I can say, now, if I am ever asked, that the Targets also like the fundamentals.

Price took out the prev Hi on "26/2 at 22:00" by 2 pips to make the new high.

Very nice work.



.
Attached Image (click to enlarge)
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  • #984
  • Mar 8, 2021 10:42pm Mar 8, 2021 10:42pm
Quoting TimeTells
I won't degrade...
I have to address this directly which has been brought up many times.
I am accused of this by many members.

This is a forex trading forum.
We discuss forex trading. Period.
This is not a social platform to make friends and put on our best behaviour.
It becomes meaningless and disconnected to this primary forum purpose.

Each member has to decide where their priority lie.

Priority in forex trading matters.
Or.
Social aspect of this forum.

The manner the member put weight to both these priorities define how he put weight to his forex trading.
It reflects exactly that.

Wall street mindset suits trading perfectly.
Like Gordon Gekko said,
"If you need a friend, get a dog."

Gordon Gekko would have said "If you didn't take offence I wouldn't be GG". IMHO

Time to take a huge step back from the forum. Happy trading everyone. Cheers BW
Attached Image
Know what you trade
  • #985
  • Mar 8, 2021 10:47pm Mar 8, 2021 10:47pm
Quoting BWilliam
{quote} I have to address this directly which has been brought up many times. I am accused of this by many members. This is a forex trading forum. We discuss forex trading. Period. This is not a social platform to make friends and put on our best behaviour. It becomes meaningless and disconnected to this primary forum purpose. Each member has to decide where their priority lies. Priority in forex trading matters. Or. Social aspect of this forum. The manner the member put weight to both these priorities define how he put weight to his forex trading....

POINT TAKEN

I forgot to put my smiley there
  • #986
  • Edited 4:05am Mar 9, 2021 3:48am | Edited 4:05am
Quoting BWilliam
I answer your GU question in a broader context. Dollar strengthened against all majors on Monday. The better performing is EU and UCHF. That's why GEfx short trades into a falling market were easy winners. The best performing is UJ, the algo target is way above what you indicated. Like Oil on Friday, it was a "press the buy button anytime you wish". Why then GU went nowhere? That's why I asked in my earlier post where is GU heading? Answer, nowhere. When I ask the question I expect any attempt to answer is wrong. This is my acid test. If...
Live update.

The easy part that constitute this 75% probability of GU going North to 1.39000 has happened. The difficult segment starts from now till the end of the day. Price is harder to predict from here.

As a day trader you should have made your money, close your computer enjoy yourself watch movies with your gf or catch fish. Leave this part of trading to genius traders on FF

Quoting TimeTells
I also may NOT trade GU again today depending on its performance around the Asia box and any attempted breakouts (as price is still inside Yesterday box).
It does not matter which major you chose to trade, they have all been instructed to behave themselves to move in unison today. EXCEPT if you chose the rogue GJ then you are in a big mess trying to figure wtf the algo is trying to do bouncing like a yoyo.
Know what you trade
  • #987
  • Mar 9, 2021 4:50am Mar 9, 2021 4:50am
Quoting BWilliam
{quote}
Live update. The easy part that constitute this 75% probability of GU going North to 1.39000 has happened.


Quoting TimeTells
{quote}
It does not matter which major you chose to trade, they have all been instructed to behave themselves to move in unison today.
EXCEPT if you chose the rogue GJ then you are in a big mess trying to figure wtf the algo is trying to do bouncing like a yoyo.

Hi BW,

My trades today were all ugly.

I flopped around like a fish out of water, buying then selling.

I finished my day 2 hours ago.


Pre Franky-London I did want to be done and out early.
As something was brewing.

I was done with GU before Franky.
I missed that whole run up, couldn’t find a target pullback entry that felt right, so just watched the 50pip run.

Then looked elsewhere and found a bad sell entry on GJ.

Which went into 15p drawdown and was ready to close for a loss, and a 4p day in total.
But a quick 5min pin-bar reversal helped me (price was still inside a LH, but would have meant more DD for me to hold and I wasn't comfortable with that).
That reversal ran me into 6½p profit. My R:R that trade was 2½:1 against, ridiculous.

I closed and shut down. There was more to the downside on GJ but I wasn’t in the zone anymore and had to stop.

So, my day. I put these charts up probably to show what not to do.


.
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  • #988
  • Edited 5:18am Mar 9, 2021 4:58am | Edited 5:18am
Quoting TimeTells
{quote} Hi GEfx, Great trade, sir. I only trade the majors here (with maybe GJ every so often lol) BUT I always like to look at a chart when someone puts up a trade. It was, I see, also a classic Target hit. Well done. (I won't degrade disembellish take away from the trade with any algo stuff lol because you have explained your logical reason for the trade perfectly) I can say, now, if I am ever asked, that the Targets also like the fundamentals. Price took out the prev Hi on "26/2 at 22:00" by 2 pips to make the new high. Very...
This is a great pair to trade. Professional traders like it because it reliably moves. The PA on GA was a classic square up trade, nearly to the penny. That was the target, where the rescue effort would run out of gas. As for the E$, my target was 1.1840, +/- 5. It got into that "zone" and bounced off last night, but the EC GDP FA has taken the wind out of its sails a bit. GA shorts clicked in during the night and watching them right now. Might be early for the G$ but I just placed a scout. Good trading everyone.

Edit: just brought the G$ scout home. I'll wait for something with more legs to come along on the G$. Everything is -- too close.
  • #989
  • Mar 9, 2021 4:59am Mar 9, 2021 4:59am
i know I am new here. I find this topic intriguing. I don't know about other people, but the algo helped me out today with this nice move on GBPUSD. I just posted in the Cable thread. So good to show what the algo does


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  • #990
  • Mar 9, 2021 5:03am Mar 9, 2021 5:03am
Quoting GEfx
{quote}
This is a great pair to trade. Professional traders like it because it reliably moves.

Hi GEfx,

Cheers mate, yes a great trade there GA yesterday, right up to the Target high. I hope you don't mind me teasing you about the algo lol.

Well I got burned a couple of years ago on GBPAUD, and I have been gun-shy ever since. Even though I have a better perspective on trading now (I think).

GA runs a huge spread on my broker in Oz, but if you are on the money direction with it, it has great volatility, and rewards are there.

All the best
  • #991
  • Mar 9, 2021 5:08am Mar 9, 2021 5:08am
Quoting BWilliam
{quote} This is a forex trading forum. We discuss forex trading. Period. This is not a social platform to make friends and put on our best behaviour. It becomes meaningless and disconnected to this primary forum purpose. }
I couldn't agree more. You have a low tolerance for BS. Nothing wrong with that. Call out BS by pointing it out and focusing attention to it. Nothing wrong with that.
  • #992
  • Mar 9, 2021 5:15am Mar 9, 2021 5:15am
Quoting TimeTells
{quote} Hi GEfx, Cheers mate, yes a great trade there GA yesterday, right up to the Target high. I hope you don't mind me teasing you about the algo lol. Well I got burned a couple of years ago on GBPAUD, and I have been gun-shy ever since. Even though I have a better perspective on trading now (I think). GA runs a huge spread on my broker in Oz, but if you are on the money direction with it, it has great volatility, and rewards are there. All the best
The GA is a TA dream come true. It does have legs so any mis-step must be addressed quickly. But it generally behaves according to protocol, so to speak. I'm short today at 1.8078 and 1.8037. The spread is 5 or 6 pips right now, so well past that on both trades. Keeping stops close now.

No issues with your algo. It leaves me alone while I'm trading.
  • #993
  • Mar 9, 2021 5:23am Mar 9, 2021 5:23am
Quoting TimeTells
{quote} Hi GEfx, Cheers mate, yes a great trade there GA yesterday, right up to the Target high. I hope you don't mind me teasing you about the algo lol. Well I got burned a couple of years ago on GBPAUD, and I have been gun-shy ever since. Even though I have a better perspective on trading now (I think). GA runs a huge spread on my broker in Oz, but if you are on the money direction with it, it has great volatility, and rewards are there. All the best
Traders should not kill themself with GA, GNZ or ENZ. These pairs require real solid knowledge and skill to trade profitably. They are pairs for the expert trader who truly know what they're doing. They chose these pairs for the large adr to maximise reward for the same work done.

For normal traders and those learning best to chose "quiet" pairs with smallest adr and small spread. If the trader can't trade such "quiet" pairs profitably there's no hope with volatile pairs. Its simply suicide. Among the majors Sterling should not be in the list. Just a friendly advice.
Know what you trade
  • #994
  • Mar 9, 2021 5:43am Mar 9, 2021 5:43am
Bias was to buy up until the vertical line, which made sell the least risky trade. First trade was at the circled area, as it started to break away, with a 30 pip stop.
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  • #995
  • Mar 9, 2021 7:08am Mar 9, 2021 7:08am
I actually think the more volatile the market the better the learning. If you trade the EURUSD all the time then you will get soft. Just my opinion.
  • #996
  • Mar 9, 2021 7:18am Mar 9, 2021 7:18am
Quoting BWilliam
{quote} I answer your GU question in a broader context. Dollar strengthened against all majors on Monday. The better performing is EU and UCHF. That's why GEfx short trades into a falling market were easy winners. The best performing is UJ, the algo target is way above what you indicated. Like Oil on Friday, it was a "press the buy button anytime you wish". Why then GU went nowhere? That's why I asked in my earlier post where is GU heading? Answer, nowhere. When I ask the question I expect any attempt to answer is wrong. This is my acid test. If...
When you say it's mathematical I can see it, to some extent, and you actually don't need the charts to trade. At the moment I'm getting my numbers slightly off. I will have to work on the relationship of the variables.
  • #997
  • Mar 9, 2021 7:38am Mar 9, 2021 7:38am
Quoting Kevbram
i know I am new here. I find this topic intriguing. I don't know about other people, but the algo helped me out today with this nice move on GBPUSD. I just posted in the Cable thread. So good to show what the algo does {image}
Hi Kevbram

Is it an Algo - Is it Big players


That is a question you must find a answer too but in the meantime, here is what the major player decided to do.
They entered at 1.3896 with two large orders causing price to crash Bearish
Then they entered again (perhaps a exit) at 1.3862 and price went Bullish.

I took both trades for a maximum draw down of 5 pips at the top and 3 pips at the bottom. I did need to avoid two traps they set up on the way down, trapping a few stupid smaller bankers by the looks.
So that is the evidence where the bankers traded - I just join them once I see the data come through 10 seconds later but always try and avoid their traps they set which can be bloody hard at times.
So what spot did the Algo perform its task - I see no evidence of its actions
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Trading thin liquidity at the boundary of the charts
  • #998
  • Mar 9, 2021 9:47am Mar 9, 2021 9:47am
Quoting RickM
Hi Kevbram Is it an Algo - Is it Big players That is a question you must find a answer too...... So what spot did the Algo perform its task - I see no evidence of its actions {image}
I borrowed this single master algo label from George and moodybot. It fits perfectly the math calculations. You ask for evidence, I posted the algo's pricing intention when I responded to TimeTells query in Tokyo market and when price reach the 1.39000 destination level for London Market I made a post. I won't give more than what I have posted on forum, this is the limit. As moodybot wrote, the algo works on all timeframes and all pairs. You imagine what more info I have on my chart. Again no magic proprietary indicators. None.

I knew this "future" market before the banks and institutional traders execute a single transaction. To me this cannot be due to supply demand auction market economics.
Know what you trade
  • #999
  • Mar 9, 2021 10:45am Mar 9, 2021 10:45am
Quoting BWilliam
{quote} I knew this "future" market before the banks and institutional traders execute a single transaction. To me this cannot be due to supply demand auction market economics.
I'm going to suggest here that the people who set 1.3900 as the ST upper limit on the G$, knew about this before you. It's not been a very big secret this week. In fact, just about everyone that can read a chart, or pay attention to FA, kinda knows this. A nice attempt to test the limit this morning, that is still being tested. But the market has been communicating this for a while know.
  • #1,000
  • Mar 9, 2021 10:51am Mar 9, 2021 10:51am
Quoting GEfx
{quote} I'm going to suggest here that the people who set 1.3900 as the ST upper limit on the G$, knew about this before you. It's not been a very big secret this week. In fact, just about everyone that can read a chart, or pay attention to FA, kinda knows this. A nice attempt to test the limit this morning, that is still being tested. But the market has been communicating this for a while know.
Can they do this on ALL pairs?

As proof, can your group of traders post a single algo level for any pair of your choice for tomorrow trading?

Can Shabs post just one single algo level of any pair of his choice on any day he select?

I did not select the pair nor did I select the day. TimeTells made the selection.

Check my history posts. I have made plenty of algo levels post before the price reach those levels. I won't make anymore than what I have posted.

It's your turn to post proof of your ability to call future algo levels. Back up your claims. I shall be waiting for you and Shabs to show proof.
Know what you trade
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