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Real or Algo

  • #1,301
  • Mar 16, 2021 8:02am Mar 16, 2021 8:02am
Quoting Shabs19
{quote}

Be careful you don't get a splinter sitting on that fence........


Hi Shabs,

Yes, lol, I wear a special type of trooosers laddie.

But you encourage the trick as I see it, as the choice of A or B is just that, a trick.

It is not fence sitting as such but searching for a third (or more) valid answer.

I challenge everyone when they next find themselves in such a situation (dilemma).

Step back. take breath. And TRY and find a rational THIRD option that supports the original question, without being one of the two options presented.

(A little like lateral thinking. If you can achieve it opens up a whole new world. NOT necessarily better lol. But new)


I'm a tired old guy, heading off to bed, the trap of NY opening an hour earlier is I get a "look" at the open lol.

Dangerous. Not with a potential trade. But if the trade doesn't "resolve" early I am still at it at 2am in the morning and I'm well past THOSE days in FX lol.

all the best
  • #1,302
  • Mar 16, 2021 8:05am Mar 16, 2021 8:05am
Quoting TimeTells
@PaulMF I'm a bit of a counter-puncher, and pretty quick (well only in my youth lol), but I'm well intentioned so good fortunes to you. Here's a blank chart attached below that a NEW trader is faced with. What to trade. I do enjoy indis & TA and I had my shot at it (I still haven't had anyone yet succinctly define TA so we might be talking about slightly diff things) Put a few indis on the blank chart or your example of TA I will do my best to give an honest appraisal (without being a smarty, you know what I mean) While a day or so ago I added a...
PaulMF has been blocked from participating in this thread.
  • #1,303
  • Mar 16, 2021 8:09am Mar 16, 2021 8:09am
Quoting GEfx
{quote}
PaulMF has been blocked from participating in this thread.

Yes, Paul has contacted me with a quote on the FTMO thread.

So I replied to Paul using a quote from Moody, so that Moody would see my post. All should be okay soon enough.
  • #1,304
  • Mar 16, 2021 8:10am Mar 16, 2021 8:10am
Quoting TimeTells
Put a few indis on the blank chart or your example of TA I will do my best to give an honest appraisal (without being a smarty, you know what I mean) While a day or so ago I added a...
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-03-14_14h03_35.png Size: 134 KB
It never gets easier, you just get better
  • #1,305
  • Mar 16, 2021 8:21am Mar 16, 2021 8:21am
Quoting Shabs19
{quote} {image}

Beaut chart Shabs

That is how I look at charts also.

The lack of standard indis is what I would give a new trader.


But NOT tell them what to do next.

When they nut it out, they have a good chance in this game.


(LOL. So do YOU call that chart a TA chart, as I would not know what to CALL mine - tho I don;t actually care of the narrative)
  • #1,306
  • Mar 16, 2021 8:24am Mar 16, 2021 8:24am
Quoting Shabs19
{quote} {image}
Spoon feeding the... ...exactly where I would be looking for in Indices day in day out.
Cheers.
Nah, TA is garbage
on a postive roll...
  • #1,307
  • Mar 16, 2021 9:01am Mar 16, 2021 9:01am
Quoting Shabs19
{quote} {image}
What do you mean by "Price has memory"?
  • #1,308
  • Mar 16, 2021 9:01am Mar 16, 2021 9:01am
Quoting TimeTells
{quote} Beaut chart Shabs That is how I look at charts also. The lack of standard indis is what I would give a new trader. But NOT tell them what to do next. When they nut it out, they have a good chance in this game. (LOL. So do YOU call that chart a TA chart, as I would not know what to CALL mine - tho I don;t actually care of the narrative)
The chart is mapping out market structure, ahead of time and those notes are meant for me only.

You can call the charts what you like, call it your Playground ? I have heard it been callled that.

I was aked to show levels and I proved a point that TA can work,though not all of the time of course.
My main indis (not shown here) show me information only, especially pending news events. No MA's TMA's, Bollingers etc.
Tried them all many years ago, discarded.

I have already said there is a 3rd option, Real, Real/algos and single Algo. Which I think is your stance.
MoodyBot is single Algo, GeFX, BWilliams & myself are Real. Though BW sounds contradictory often in his writing. (My opinion).

Never out to convert anyones thinking, only producing evidence of my thinking when I was asked, even though I was just lurking.

At the end of day whatever is reality is only subjective. If we have Price that can be traded effectively & consistently, then that is all that matters.
It never gets easier, you just get better
  • #1,309
  • Mar 16, 2021 9:07am Mar 16, 2021 9:07am
Quoting Pumi
{quote} What do you mean by "Price has memory"?
What do you think it means ?
It never gets easier, you just get better
  • #1,310
  • Mar 16, 2021 9:13am Mar 16, 2021 9:13am
The hardest part is to call out TA and FA as garbage. It means there's nothing else and that's frightening. Restart with a clean slate is the best decision ever.

Inserted Video
Know what you trade
  • #1,311
  • Mar 16, 2021 9:19am Mar 16, 2021 9:19am
Quoting Shabs19
{quote} What do you think it means ?
That there is a reference point - a Liquidity Gap or Fair Value Gap that has not been filled.

Edit: By price perhaps you mean the market participants. Or some might say the algo.
  • #1,312
  • Mar 16, 2021 9:24am Mar 16, 2021 9:24am
Quoting Shabs19
{quote}

At the end of day whatever is reality is only subjective.
If we have Price that can be traded effectively & consistently, then that is all that matters.

Nailed it, yep.


No-one seems to be able to identify TA.
Each maybe has their own interpretation.
Or TA is just as wide an idea, as PA ?


two charts to follow.

One I was told was TA.
(kept this pic from somewhere, not sure where, some blog)


The 2nd is mine, my targets (I do NOT call this TA lol)
(1min chart - trade not so easy to find among my one hour chart tho )


.
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  • #1,313
  • Mar 16, 2021 9:35am Mar 16, 2021 9:35am
There are so many people who ask can you share hints and tips what's this math.

It starts with this TA and FA based on supply demand economics that trap every trader. If you don't free yourself off this trap you're the victim of this created illusion in your mind.

Doesn't matter whether it's real or algo. That's not important. What really trap you is this TA and FA idea that you embrace wilfully or unknowingly. Thats why this discussion that's centered on real or algo won't make a difference. You're still a victim of this illusion.

I borrow Shabs pic. The pic tells the story of illusion at work. Unless you're the one who discard TA and FA completely you somehow see the same thing or almost the same. So it's easy to spot someone is seeing illusion. Just see how he mark the chart.

If you look back my history posts, I asked many times "where sits the edge?" If you're under illusion you won't be able to see it. Guaranteed you execute a TA and FA based trade.
Attached Image (click to enlarge)
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Know what you trade
  • #1,314
  • Mar 16, 2021 9:38am Mar 16, 2021 9:38am
Quoting BWilliam
Doesn't matter whether it's real or algo. That's not important. {image}

  • #1,315
  • Mar 16, 2021 9:44am Mar 16, 2021 9:44am
Quoting BWilliam
There are so many people who ask can you share hints and tips what's this math. It starts with this TA and FA based on supply demand economics that trap every trader. If you don't free yourself off this trap you're the victim of this created illusion in your mind. Doesn't matter whether it's real or algo. That's not important. What really trap you is this TA and FA idea that you embrace wilfully or unknowingly. Thats why this discussion that's centered on real or algo won't make a difference. You're still a victim of this illusion. I borrow Shabs...
I can see something else on that move (and not just only on that move alone - it happens over and over again, all over the charts). I ask myself why it has to move back there (1.38575 area)?
  • #1,316
  • Mar 16, 2021 9:47am Mar 16, 2021 9:47am
Quoting BWilliam
There are so many people who ask can you share hints and tips what's this math. It starts with this TA and FA based on supply demand economics that trap every trader. If you don't free yourself off this trap you're the victim of this created illusion in your mind. Doesn't matter whether it's real or algo. That's not important. What really trap you is this TA and FA idea that you embrace wilfully or unknowingly. Thats why this discussion that's centered on real or algo won't make a difference. You're still a victim of this illusion. I borrow Shabs...

Ok....so do tell, where lies the edge on this chart?
  • #1,317
  • Mar 16, 2021 10:01am Mar 16, 2021 10:01am
Quoting almo
Ok....so do tell, where lies the edge on this chart?
The answer is so simple yet it eludes almost everyone.

Last Monday, price went nowhere.
Tuesday price rose.
Wednesday price went nowhere again.
Thursday price rose again.
Friday price fell.

Monday and Wednesday price went nowhere, it can be difficult to identify where the edge sit.

Tuesday, Thursday and Friday price clearly went somewhere. Ofc after the event it became clear to you.

Here's the hard question I asked myself many years ago during my research days.

With all the candlestick patterns, price action, orderblocks, pivot, fibs, support resistance, supply demand, volume, magic indicators and ALL of that bullshite stuff plus ALL that FA news release I can't tell that,

Tuesday, Thursday rose and Friday fall that's so clear after the event,

What use is this FA and TA for?

It took me years to finally call it garbage, that's clearly wishful thinking.

I know it's difficult for you. I know.

Do I still have to tell you where the edge sit on the chart?
Know what you trade
  • #1,318
  • Mar 16, 2021 10:03am Mar 16, 2021 10:03am
Quoting BWilliam
{quote} The answer is so simple yet it eludes almost everyone. Last Monday, price went nowhere. Tuesday price rose. Wednesday price went nowhere again. Thursday price rise again. Friday price fell. Monday and Wednesday price went nowhere, it can be difficult to identify where the edge sit. Tuesday, Thursday and Friday price clearly went somewhere. Ofc after the event it became clear to you. Here's the hard question I asked myself many years ago during my research days. With all the candlestick patterns, price action, orderblocks, pivot, fibs, support...

No, not difficult for me to understand where your coming from - however you have yet to answer the question. Is there an edge? And if yes, how do you determine what that is?

Quote
Tuesday, Thursday and Friday price clearly went somewhere. Ofc after the event it became clear to you.

Specifically, lets use that as the example....how would you determine where the edge is for Tuesday, Thursday and Friday?
  • #1,319
  • Mar 16, 2021 10:11am Mar 16, 2021 10:11am
Quoting almo
Specifically, lets use that as the example....how would you determine where the edge is for Tuesday, Thursday and Friday?
Look at the chart NOW for Tuesday, Thursday and Friday.
Yes look at it NOW.

Tell us where does the edge sit?

Yes tell us NOW, looking backwards at Tuesday, Thursday and Friday, can you tell where the edge sit?

In my post history, I asked to look at HISTORY chart to mark where the edge sit.

I wrote clearly if you can't mark the edge on a HISTORY chart there's no chance you can indentify it on a live chart in real time.

Until you come to this realisation or awakening, you're under illusion.
Know what you trade
  • #1,320
  • Mar 16, 2021 10:23am Mar 16, 2021 10:23am
Quoting BWilliam
{quote} It took me years to finally call it garbage, that's clearly wishful thinking. I know it's difficult for you. I know. Do I still have to tell you where the edge sit on the chart?
Yet you were the one looking for levels in the chart and challenged me to produce just one level.
Isn't looking for a price level TA or PA of sorts ?

You are just going around in circles - what is your point ? Or isn't there one at all ?

An edge is what you make it.
The market will go anywhere at any time, deal with probabilities and not where you think it is going to go .

I don't care about what these areas on a chart are called, you call them what you want. Whether it is TA. PA or FA or disneyland.
These are places that are there to be watched, then some plan formulated to take a trade based on your criteria & risk profile.

If they are illusions then don't use a chart at all or close your eyes.
It never gets easier, you just get better
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