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Price action at the core / tma intra day 5,016 replies

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Price action at the core = family members' discussion project

Quoting moodybot
{quote}The market is ruthlessly efficient, some would say, almost mathematical!!

Quoting TimeTells
{quote} Well here we are again, EJ back at the 128.140 inflection ?

Hi Andy,

Sure looks that way, and I've tried to look at it differently, but each time it draws me back.

Unless we're saying that, at this price point, again, we have one buyer on the chart below pushing price above the 128.140
and then one seller pushing price back below it.


Each to their own thoughts on this, doesn't affect trading, it's just observations that's all.


So, the 1 min chart for the EURJPY, as in the post above, but 5 days later now.

(And of course they will move on from this particular price point, to another, at some time)


But still, it's interesting today, to me, yet again

.
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A quick '4 hours' later 1min chart update (the 1 min shows it all more clearly than a 1hr)


If anything, the markets still do make me smile.

That doesn't mean trading's a breeze, and that's a given

And I certainly don't get 'all' that's offered up by the markets


.
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Quoting TimeTells
{quote}1hr chart link from a few days ago

Just woke up, the EURJPY market overnight update (well overnight for me in Oz)


Past 9 days, market cycle build-ups, George's Targets and cycle completions.

(the top chart highest gray Inflection point is at 129.410 -see 2nd chart pic - but I couldn't quite draw it in at the top of the chart pic)


All done for me again, just keeping George's work alive for those that have followed him the past few years.

.
Attached Images (click to enlarge)
Click to Enlarge Name: EURJPYH1 market Cycle Completed.png Size: 38 KB Click to Enlarge Name: EURJPYH1 targets after Inflection.png Size: 37 KB
I want to ask a question. I have read some pages of the thread but not all hence this question.

The question is — is the tma an indispensable part of trading George's targets. I mean is it possible to trade the targets without the tma? @Timetells, Moodybot, and others..
Fred
Quoting Chronus
I want to ask a question.

I have read some pages of the thread but not all hence this question.

The question is — is the tma an indispensable part of trading George's targets.

I mean is it possible to trade the targets without the tma?

@Timetells, Moodybot, and others..


Hi Fred,

I could write 20 pages on this of course. But I shan't.

Please refer to my reply to your PM to me last August 3rd .


For others that might wish to know what I simply wrote, as part of my reply to Fred, was this.

"I did not go down the TMA reversal path while others did"



Over the past 9 days on the EURJPY I have posted charts showing (some of, but not all) George's Targets
(which I look for and observe, on every chart I open).
Then how, somewhat mysteriously & magically , on the EJ, price made it's (often triangular) return to George's "home base Targets", many times.

And that was just on the 1 hour chart.

On no chart did I have an indicator, whether TMA or not
(edit: well maybe I did have my own hand drawn Inflection Point Lines ).

(But that does not mean I do not use ALL information, indicators and/or otherwise regarding market structure,
to KEEP ME PATIENT whilst waiting for a trade entry point.)


So, the question, is the TMA an indispensable part of anyone utilising George's Target Trading ?????

Imho - not to me. Others may have quite a different view though.


That's pretty much all I wish to say on this bit.

All the best with it Fred
Pete
Quoting TimeTells
{quote} Hi Fred, I could write 20 pages on this of course. But I shan't. Please refer to my reply to your PM to me last August 3rd . For others that might wish to know what I simply wrote, as part of my reply to Fred, was this. "I did not go down the TMA reversal path while others did" Over the past 9 days on the EURJPY I have posted charts showing (some of, but not all) George's Targets (which I look for and observe, on every chart I open). Then how, somewhat mysteriously & magically , on the EJ, price made it's...
Thanks, Pete. I greatly appreciate your taking the time to reply my questions. They provide a guide for me as I make my way on this path of knowledge.

There is something that keeps me wondering. No doubt many have had the benefit of having their trading lives turned around with the help of George's trading system but they hardly make the effort to keep this thread alive like you do. This is just me wondering.

Again, thanks, Pete.
Fred
Quoting Chronus
I want to ask a question. I have read some pages of the thread but not all hence this question. The question is — is the tma an indispensable part of trading George's targets. I mean is it possible to trade the targets without the tma? @Timetells, Moodybot, and others..
Hi Chronus

Maybe you should break down exactly what George as trying to do by using his TMA tool at target levels.

He was measuring expansion of price as it entered into a playground area which contained his first Target. Using historical data, he knew that each leg could only run a fixed distance from mid point before price may reverse, so he set up his TMA settings to match this data and aimed it at targets.

So the question for you is - What causes price to expand to a target and why.

Then you will be able to answer your question about whether the TMA usefulness is valid yourself.

If you leave the M1 timeframe, you may miss it.

Good luck in your journey
Trading thin liquidity at the boundary of the charts
Quoting RickM
{quote} Hi Chronus Maybe you should break down exactly what George as trying to do by using his TMA tool at target levels. He was measuring expansion of price as it entered into a playground area which contained his first Target. Using historical data, he knew that each leg could only run a fixed distance from mid point before price may reverse, so he set up his TMA settings to match this data and aimed it at targets. So the question for you is - What causes price to expand to a target and why. Then you will be able to answer your question about...
Hello, RickM. I'm sorry for the late reply. I had wanted to respond to this statement much earlier but was unable to from being much busy.

Much thanks for your input. Your simplistic explanation has birthed the same question. The answer will apply to both questions. What causes price to expand to a target? I hope it is not a bother but could you point me in the right direction of the answer to this question so as to carry out my investigation? Again, if I cannot trade the M1 timeframe owing to my busy schedules does my investigation fall into the category of a wild goose chase?
Fred
The EURUSD, today, played out well as the script was written (and I remembered Zoltan aka profitfarmer's private messages)....
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You've got to love this game. They firstly took out NY's Monday Low and then after they went for NY's Monday High and then the High of Monday (yesterday). It looks like they are now chasing after Monday's Low. All are swing points and are targets targets targets (liquidity)!
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Quoting Pumi
You've got to love this game. They firstly took out NY's Monday Low and then after they went for NY's Monday High and then the High of Monday (yesterday). It looks like they are now chasing after Monday's Low. All are swing points and are targets targets targets (liquidity)! {image}
The guys moving price are smart and stupid at the same time. Lol.. On GBPUSD I expected they would take out Friday's high but yesterday and today they fell short and still heading down. They mkx these things up so much that it's quite tough to say which one they are going for exactly. They will eventually go for all the liquidity areas, but they try hard to hide the order of moves.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
All USD pairs are currently being held in range, imho.

(by whom alone, or by ALL the buys & sells of every individual, group, org, or the CB themselves ? )

while waiting for the “Big One” tomorrow, the end of year FOMC (fireworks ? )


And if we choose to ‘believe’ that price will be held in range until then (who knows)

then there could be some handy scalping available at the edges today and early tomorrow.


I will tread carefully, as always, and won’t necessarily be ‘jumping in & doing something’ AT the midpoints
(which DO have their value in assessments & trading)

(as I look at it, GU current midpoint is at 1.32380) (EU at 1.12770) (EJ at 128.140)

The edges are what George liked to call his “Playground”
Quoting TimeTells
{quote}just keeping George's work alive for those that have followed him the past few years. {image} {image}

Highly organised, some say mathematical, a bit like balanced clockwork imho & George loved the "mechanics of the market"


The past weeks with EURJPY have been eye-opening for me, again, to say the least.

(I do move my pairs around, though I "stick" to just one pair at a time when the hunt is on).

.
https://www.youtube.com/watch?v=JS4fKMdvknM
Quoting TimeTells
{quote} Highly organised, some say mathematical, a bit like balanced clockwork imho & George loved the "mechanics of the market" The past weeks with EURJPY have been eye-opening for me, again, to say the least. (I do move my pairs around, though I "stick" to just one pair at a time when the hunt is on). . https://www.youtube.com/watch?v=JS4fKMdvknM
Love the indicator mate, is it available yet…. does it repaint..
Quoting moodybot
{quote} Love the indicator mate, is it available yet…. does it repaint..

Hi Andy,

HUGE repainter mate

all the best for the festive season ahead pal
cheers pal
Pete
Quoting TimeTells
{quote} Hi Andy, HUGE repainter mate all the best for the festive season ahead pal cheers pal Pete


You too Pete, have a good one.

Cheers
  • Post #1,977
  • Quote
  • Edited Dec 18, 2021 1:24am Dec 17, 2021 6:15pm | Edited Dec 18, 2021 1:24am
Okay folks, my sh!t gets boring I know, so


My last (uploaded) chart for 2021


I currently trade the EURJPY (though I do swap pairs around),
and I listed the expected/anticipated Inflection Points (Mid-points) for the past 2˝ weeks, here


Quoting TimeTells
the “Big One” tomorrow, the end of year FOMC (fireworks ? )
(as I look at it, GU current midpoint is at 1.32380) (EU at 1.12770) (EJ at 128.140)

they might also be called “algo repeating levels” for my pals Moodybot, George & BWilliam


I don’t trade the GBPUSD (or any Pound Pairs for that matter),

but many do, so


here’s a simple follow-up to the aftermath

of the years’ final 2021 FOMC Fireworks


(anyone who had time or inclination over the weekend, might also open up both EURUSD and EURJPY 1hour charts and put a vertical line down the FOMC candle)


(edit) I did the GBPUSD CHART here for folks

all the best to all


.
Attached Image (click to enlarge)
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Quoting TimeTells
Okay folks, my sh!t gets boring I know, so My last (uploaded) chart for 2021 I currently trade the EURJPY (though I do swap pairs around), and I listed the expected/anticipated Inflection Points (Mid-points) for the past 2˝ weeks, here {quote} they might also be called “algo repeating levels” for my pals Moodybot, George & BWilliam I don’t trade the GBPUSD (or any Pound Pairs for that matter), but many do, so here’s a simple follow-up to the aftermath of the years’ final 2021 FOMC Fireworks (anyone who had time...
Can’t agree with you Pete, all random moves…
Quoting moodybot
{quote} Can’t agree with you Pete, all random moves…

Hi Andy,
Mate I'm searching the world wide web as we speak for the quants who are working on the long awaited 'random indi' (non repainting of course )
Quoting TimeTells
{quote} Hi Andy, Mate I'm searching the world wide web as we speak for the quants who are working on the long awaited 'random indi' (non repainting of course )
That was an amazing method Pete. Strange name for the indicator but worth searching out…
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