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Flying Dutchman

Quoting BWilliam
Imo there are 3 main groups of traders. 1. Algo 2. PA and FA 3. Volume and orderflow This is my honest opinion. There are strengths as well as weaknesses in all these strategies. The combination of all of them can give synergy to be better than standalone. The issue is can all these traders work together to get a sum greater than on its own rather than see each group as competing against each other? With an open mind see traders from other groups enhance our own. Together exploiting the ying and yang of Forex trading. Ofc I do.
I think all are aligned, algo need reason to explain the move but it has to do what it has to do, and liquidity and perhaps volume might be generated too in both the moves accordingly, now the question is the Eur bullish or bearish?

P.S. same thing they did on last ISM news on 06.07.2021, clear last three days highs.
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The Ghost In The Machine
Quoting TimeTells
It isn’t magic no matter what anybody thinks. To me, that’s where BW has something “he knows” about the market behaviour (I believe, and that we haven’t seen yet from him, and would be unfair to ask him to tell us all as it’s his life’s work - I only spent 3 months part-time doing my little and I won’t discuss mine here - either, lol). all the best to all in the mystery & mayhem of our beloved Forex
The reason why I get all the hate response.

Edit - I deleted my posts on the other thread where there's no moderation.
My words caused hurt and pain to some readers.
Trade the value
Quoting bilal1947
{quote} I think all are aligned, algo need reason to explain the move but it has to do what it has to do, and liquidity and perhaps volume might be generated too in both the moves accordingly, now the question is the Eur bullish or bearish? P.S. same thing they did on last ISM news on 06.07.2021, clear last three days highs. {image}
The question is not whether it's bullish or bearish.

The question is when the market ventures north/south towards a algo level which it certainly does every moment of the trading day that traders call it "noise", is it legitimate or not ?

Failure automatically creates under/overvaluation. The market will naturally recalibrate itself.
This is where the real edge lies.
Wrote this many times.
Trade the value
Quoting TimeTells
{quote} It isn’t magic no matter what anybody thinks. To me, that’s where BW has something “he knows” about the market behaviour (I believe, and that we haven’t seen yet from him, and would be unfair to ask him to tell us all as it’s his life’s work - I only spent 3 months part-time doing my little and I won’t discuss mine here - either, lol). all the best to all in the mystery & mayhem of our beloved Forex
Quoting BWilliam
{quote} The reason why I get all the hate response.
To me this is the reason people are counting number of hours and years spent

the law of nature works, miraculously, in giving and sharing only not otherwise.

Quoting BWilliam
{quote} Not boasting. No volume data required. Vely vely happi BUT no balls to stay till the bottom. Entry look nice, exit look like mee siam mai hum. Question - you know where to buy big balls anot? {image} {image}
trust me, by looking at your charts only, your way is still longer ahead like mine, though your track is right but a little longer than Rick, Pete and Andy.
The Ghost In The Machine
Quoting BWilliam
{quote} The question is not whether it's bullish or bearish. The question is when the market ventures north/south towards a algo level which it certainly does every moment of the trading day that traders call it "noise", is it legitimate or not ? Failure automatically creates under/overvaluation. The market will naturally recalibrate itself. This is where the real edge lies. Wrote this many times.
i always keep two scenarios one for longer term and other short term only then i can trade both ways and many time it keeps flipping, my bad here, but i respect the way you see it.
The Ghost In The Machine
Quoting bilal1947
{quote} i always keep two scenarios one for longer term and other short term only then i can trade both ways and many time it keeps flipping, my bad here, but i respect the way you see it.
Example of recalibration due to failure on M1 tf.
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Trade the value
Quoting BWilliam
{quote} Example of recalibration due to failure on M1 tf. {image}
what if you know well before the failure will going to happen?
The Ghost In The Machine
Quoting bilal1947
{quote} what if you know well before the failure will going to happen?
If you read my post here I referred to this knowledge of failure before it happens.
https://www.forexfactory.com/thread/...6#post13655336

The only way to know if it's a failure or not is to measure actual price movement against a valuation model.

This 1m tf chart failure is exactly similar to the 15m tf chart failure that happened during NY market yesterday.

The difference is for the 15m tf chart there's an event of ISM announcement, fundamental red news release.

For 1m tf there's none of that.

The ISM event did not create the failure. The scheduled news release created the "noise" to push north. The failure is measured against the valuation model which is already known.
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Trade the value
Quoting BWilliam
{quote} If you read my post here I referred to this knowledge of failure before it happens. https://www.forexfactory.com/thread/...6#post13655336 The only way to know if it's a failure or not is to measure actual price movement against a valuation model. This 1m tf chart failure is exactly similar to the 15m tf chart failure that happened during NY market yesterday. The difference is for the 15m tf chart there's an event of ISM announcement, fundamental red news release. For 1m tf there's none of that....
Every TF is noise until it gets familiar, even some like higher time frames for them 15M, 1H is noise too....

Price don't know which time frame one is trading be it 1m or 15m or daily, yet everything begins from a lower time frame.

News only to clear big ranges:
below chart is today M1 no different than yesterdays news
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The Ghost In The Machine
Quoting moodybot
{quote} All part of the great illusion. I have a target in mind based on the previous high, and a small calculation, nothing to do with subsequent price action, news or supply and demand. You see fundies I see Algo.
The "illusion" is actually your delusion. But to each his own! If it helps you process what is happening in the market, and process your connection to what is happening, then more power to you. Good trading.
Quoting BWilliam
{quote} The question is not whether it's bullish or bearish. The question is when the market ventures north/south towards a algo level which it certainly does every moment of the trading day that traders call it "noise", is it legitimate or not ? Failure automatically creates under/overvaluation. The market will naturally recalibrate itself. This is where the real edge lies. Wrote this many times.
it happened to be bullish for now
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The Ghost In The Machine
Quoting GEfx
{quote} The "illusion" is actually your delusion. But to each his own! If it helps you process what is happening in the market, and process your connection to what is happening, then more power to you. Good trading.
My delusion, well it is each to their own.
I liken Fundamentals to a certain book that I could mention.

And to you, good trading.
Quoting moodybot
{quote} I liken Fundamentals to a certain book that I could mention.
???
Quoting bilal1947
{quote} I think all are aligned, algo need reason to explain the move but it has to do what it has to do, and liquidity and perhaps volume might be generated too in both the moves accordingly, now the question is the Eur bullish or bearish? P.S. same thing they did on last ISM news on 06.07.2021, clear last three days highs. {image}
Definitely think it is aiming for the liquidity. It is so efficient at clearing and then resetting to the next target. Interesting to see if NFP has any influencer tomorrow
Ryuryu has answered my questions with clear detail answers. Today I understand how traders scalp with basket trades and hedging.
https://www.forexfactory.com/thread/...0#post13656920

Thanks to GEfx posts I understand how he uses fundamental analysis.
https://www.forexfactory.com/thread/...1#post13650731
https://www.forexfactory.com/thread/...5#post13651955
https://www.forexfactory.com/thread/...8#post13655608

I thank all you guys to share how you approach trading this Forex market. Now when I read your posts I understand the context and why you express your opinion about somethings in discussions.

I am enlightened to whom I am talking to.
I realise I must exercise restrain in what I post and be more careful with my choice of words.

As to how I trade, my posts above is the description.
Trade the value
Quoting BWilliam
Ryuryu has answered my questions with clear detail answers. Today I understand how traders scalp with basket trades and hedging. https://www.forexfactory.com/thread/...0#post13656920 Thanks to GEfx posts I understand how he uses fundamental analysis. https://www.forexfactory.com/thread/...1#post13650731 https://www.forexfactory.com/thread/...5#post13651955 https://www.forexfactory.com/thread/...8#post13655608 I thank all you guys to share how you approach trading this...
Though you didn't address me but i assure you i hardly find your words harsh or made fun of others, you are an upright person.

Stay blessed
bilal
The Ghost In The Machine
Quoting bilal1947
{quote} Though you didn't address me but i assure you i hardly find your words harsh or made fun of others, you are an upright person. Stay blessed bilal
No disrespect to you bilal. I did not mention you because you host a thread to explain how you trade. As to others I have been following their posts so I know how they trade. This is what I do when I read Forex Factory.
Trade the value
The EU market today is clear evidence of algo manipulation. Unlike what a real auction market of sd economics that it should be.

Notice how the market is stuck inside a 28pips range. A clear artificial bottom of 1.1832. And the only time that made a 20pips run is bilal's trade. Mostly price hang around going nowhere. So bilal that is not a bullish run.

Was this predictable? Yes. After the massive manipulated plunge on Wednesday price was taken south to stop near this 1.1810 pre-fomc level. As if hanging around waiting for something. Ofc this master algo is waiting for nfp to make the next move.

The point I try to make is traders can never analyse this market with indicators, price action, candlestick patterns, supply demand or orderflow, volume data, fundamental analysis or whatever method.

Why?

Because this algo does not move price based on economics or physics. Price move is not the result of supply and demand economics which it should be. Instead this algo move price based on the algo math with preset levels and the intent to trade above or below those levels. And for temporary or for longer period before changing course in the opposite direction which appear like "noise" on the chart.

For every trading day there are 2 main levels on the chart that's invisible to the traders eyes. Don't misunderstand that this level is the high low for the day. No it's not. This algo will move price in a haphazard "noise" pattern to confuse the traders.

Yesterday's EU level is marked by the high low of the day. Notice the bottom is clear facing this 1.1810 level. Bilal bought at this level. RickM scalped multiple times at this level. Notice also the top level is not uniform. The trader can't predict what that level is. Compare the top with the bottom to see the difference. Look at the usdchf chart to see the clear level where price bounce sharply from. All that is an artificial unreal market driven by algo math.
Trade the value
Quoting BWilliam
The EU market today is clear evidence of algo manipulation. Unlike what a real auction market of sd economics that it should be. Notice how the market is stuck inside a 28pips range. A clear artificial bottom of 1.1832. And the only time that made a 20pips run is bilal's trade. Mostly price hang around going nowhere. So bilal that is not a bullish run. Was this predictable? Yes. After the massive manipulated plunge on Wednesday price was taken south to stop near this 1.1810 pre-fomc level. As if hanging around waiting for something. Ofc this master...

Awesome post BW
Quoting BWilliam
{quote} The reason why I get all the hate response.

Hi BW,

Hahaaa

Well I might not go so far as to call it hate, J.


Think of it maybe like you are communicating with kids.

And I do NOTmean that traders here on FF you chat with are kids, just natural human responses.


It's a bit like.
(More analogies, sorry, but not cars this time)

You tell your own kids you have lollies. Lots of lollies.

And you tell them lollies are hidden in a room, somewhere inside a big 2 storey house. Go look for them.

But the kids don’t want to look. They want lollies.
They just want you to tell them which room. (And, likely, in which actual cupboard).


Here lies the result/response you maybe are getting, imo, BW.

When you don’t tell them.

It triggers something inside (in all humans) and name calling might begin.

Even emotional blackmail, like, “you are lying there are no lollies, you are making it up” etc etc.


And while some kids are arguing with you and calling you names etc,

Some other kids have already started running upstairs and searching around in each room.


Each trader/reader will respond slightly differently to your posts BW.

Some will be off quickly (looking for the lollies). And in their hunt for the lollies might find ‘biscuits’ lol, or something else.

Even if they find no lollies they MIGHT find something useful because they …


STARTED SEARCHING FOR THEMSELVES

Each will look at your posts in their own way.



Here’s another post of yours I found interesting.

Quoting BWilliam
{quote} I have written earlier on Andy's thread.
The algo math is not only about the levels, it also include the price intent.

Now that is interesting. To me. (I'll continue searching for the algo maths price intent, in my own small way. And close the loop).


No hate, all is good, FF sure keeps a mind active

all the best BW, and to all
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