Price action at the core = family members' discussion project | Page 103 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Price Action and Trading Discussion 5,928 replies

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

Price Action discussion 26 replies

Volume Price Level Trading Discussion Area 1 reply

Attachments: Price action at the core = family members' discussion project
Exit Attachments

Price action at the core = family members' discussion project

  • #2,041
  • Jan 16, 2022 11:49am Jan 16, 2022 11:49am
Quoting mik2012
{quote} Targets do not appear spontaneously. look closely at the chart. On the gray lines, where do they come from? why is the price going down for them?George doesn't teach this Cheers M {image}
Sure! Targets appear because you painted gray line.

Now I see. Why I was so blind? The holy grail was under my feet all the time! All I need to to learn how to draw gray lines!
I have one question. The lines must be gray? Or I can use red/maroon color? Or red lines are not so good in attracting the price?
Observer effect
  • #2,042
  • Jan 16, 2022 11:57am Jan 16, 2022 11:57am
Quoting ryuryu
{quote} Sure! Targets appear because you painted gray line. Now I see. Why I was so blind? The holy grail was under my feet all the time! All I need to to learn how to draw gray lines! I have one question. The lines must be gray? Or I can use red/maroon color? Or red lines are not so good in attracting the price?
If this is a serious answer, I will say that the color has nothing to do with it. If this is sarcasm, then you missed out on some very valuable information. I went to her for 5 years
  • #2,043
  • Jan 16, 2022 12:17pm Jan 16, 2022 12:17pm
Quoting ryuryu
{quote} Sure! Targets appear because you painted gray line. Now I see. Why I was so blind? The holy grail was under my feet all the time! All I need to to learn how to draw gray lines! I have one question. The lines must be gray? Or I can use red/maroon color? Or red lines are not so good in attracting the price?
Pete took a basic post by BW and reinvestigated historical data through to current.
The outcome for Pete was to understand how and why George used those targets.
A common myth by some was that George gave just a few traders the holy grail. Simply not true.
What he tried to instill in a trader was an open mind as to how the market could, with some reliability, be traded.
He gave the forum the ideas and tools to trade, he certainly wasn't going to spoon feed.
Your response to Pete was understandable, the forum is littered with the same, it's human nature.
You understand that standard human nature causes greater than 95% to fail trading forex.

Your welcome.
  • #2,044
  • Jan 16, 2022 3:13pm Jan 16, 2022 3:13pm
Quoting mik2012
{quote} hi Pete! I enjoy reading your posts…..and about music too))
I know that you are George's friend.
Give him a big hello from me.
I didn’t know that he built the house himself, I also built the house myself))
You are a cool dude and I like your music!
Best regards Michael

Hi Michael,
You are one of those who understood what to take from what George wrote.
Well done taking it further & FORWARD and into your OWN way of thinking, that is exactly what George was hoping from readers.
He was encouraging Thinkers.
cheers
Pete
  • #2,045
  • Edited 3:47pm Jan 16, 2022 3:21pm | Edited 3:47pm
Quoting ryuryu
{quote} {image} That line was drawn LATER, but it PFOOF the exit point!!! (!) I just wonder how the world people believe in that

Hi R,

I think I am getting closer to understanding ...

YOUR misunderstanding.


I hope this simple post assists you towards clarity.

Can you see where you added to the chart a RED CIRCLE marked HERE.

THIS is what you have got all wrong with George's Target.


When you follow my yellow horizontal line all the way back to the left from where the yellow line STARTS


THAT is George's TARGET.
(not the one where it ends up with the red circle)

The TARGET is at the BEGINNING, not the end.

It is the "beginning" target that the market always reaches for.

That is the Target George was showing us to look for
(NOT the end red circle, that is just where George smiles and says - yep, it gets there, again )

.
Attached Image
  • #2,046
  • Jan 16, 2022 3:30pm Jan 16, 2022 3:30pm
Quoting moodybot
{quote}What he tried to instill in a trader was an open mind as to how the market could, with some reliability, be traded.
He gave the forum the ideas and tools to trade, he certainly wasn't going to spoon feed.

Hi Andy,

Mate you have said in a few sentences, what takes me quite a few paragraphs
You nailed it in one.
Cheers pal.
  • #2,047
  • Edited 7:40pm Jan 16, 2022 5:56pm | Edited 7:40pm
Quoting ryuryu
{quote}
Targets appear because you painted gray line.
The lines must be gray?
Hi R, sorry mate I missed that post reference.

No, the gray lines are 'my' Inflection Points, based on the maths that BW encouraged me to chase.

They are what I call my price "rotational" lines which I can use for some small scalping (tiny).
You would need to go down to a 1 min chart to see what price does when it comes back to those static Inflections - and price WILL.

(just like with George's 15m, 1hr, 4hr targets - mine exist all the way up & down the charts also).

I posted my link earlier to BW's comment to me which galvanised my efforts in the maths direction.
When you read his post, to me, you will appreciate why I don't discuss the actual maths.
But it is simple enough, certainly NOT quantum physics, just maths.

The orange lines are the PRE-targets (I will use that phrase now) that George wrote about.
George would have many, many more oranges on his screen, I just used one quite "obvious" one as a example for other traders to see.
If traders were interested they could delve further into George's mastery of this aspect from his first thread.

It is just food for thought.
Nothing I write is WHEN to trade based on SIGNALS and how folks can get their signals.

(I might run up a naked chart later with some other stuff, however I don't want to get too bogged down here, I also have music )
  • #2,048
  • Jan 16, 2022 10:11pm Jan 16, 2022 10:11pm
Quoting TimeTells
{quote} Hi R, I think I am getting closer to understanding ... YOUR misunderstanding. I hope this simple post assists you towards clarity. Can you see where you added to the chart a RED CIRCLE marked HERE. THIS is what you have got all wrong with George's Target. When you follow my yellow horizontal line all the way back to the left from where the yellow line STARTS THAT is George's TARGET. (not the one where it ends up with the red circle) The TARGET is at the BEGINNING, not the end. It is the "beginning" target that the market always reaches for....
Am I to gather that a TARGET is a historical price that begins at a horizontal yellow line and extends to the right, eventually intersecting with a more recent price bar. Is that correct? And, if so, what is the significance of a price being revisited? There are only a finite number of prices and most all will eventually be revisited. One could draw many yellow horizontal lines that begin at some historical High or Low price and that eventually intersect with a more recent bar. Knowing that prices get revisited, how does one use that insight to improve one's trading?
  • #2,049
  • Jan 16, 2022 11:47pm Jan 16, 2022 11:47pm
Quoting ohitsyou
{quote}
Am I to gather that a TARGET is a historical price that begins at a horizontal yellow line and extends to the right, eventually intersecting with a more recent price bar. There are only a finite number of prices and most all will eventually be revisited.
One could draw many yellow horizontal lines that begin at some historical High or Low price and that eventually intersect with a more recent bar.

Knowing that prices get revisited, how does one use that insight to improve one's trading?

Hi O,I,Y

Exactly. One could draw many horizontal lines, and as discussed price WILL revisit them.

But George didn't draw just horizontal lines.
He used Swing Points, specifically, and drew them on his 15m chart, then his 1hr chart, then his 4hr chart.

And he kept them on his chart until they were revisited, when he then deleted them.
Those Targets he drew could end up being well spaced apart, or very tightly lined up at a price which he termed a Herd Mentality Zone.

How any trader uses THIS or any market information or methodology is the million dollar question

George just asked traders to think for themselves on how they themselves might best do this.

He used the most extreme targets after price made a runner as his REVERSAL POINTS and didn't use just any of his horizontal lines.
He was devoted to extreme-point reversal trading.

George would isolate areas he called his 'playground', via a tma-tru indi (lwma) using multiple bands, plus extra filters to "alert him" when to take notice of impending trade potential.

He traded one pair only, the GBPJPY.

I will upload one 15m chart as an example of what he might look for.

Then each, if interested, must do their own on a 1hr chart next (keeping the 15m lines) and then a 4hr chart (also keeping the 1hr & 15m lines).

(I don;t draw these swing lines on my charts, I can just see them everywhere, on every chart I open.)


Now,
George never set out to teach any person how to trade.

He said he was here to explain his full market mechanics overview and how our markets OPERATE on a daily basis.

There was a whole thread on it over here.

https://www.forexfactory.com/thread/...core-tma-intra

And on Page 179 there is a downloadable PDF, kindly from bahaalden, which has just George's inputs.


I have uploaded here only what I wished to put up, chart wise, on this thread starting early December.

There is no reason to reinvent the wheel of application here.

All the best with it folks, and if I can give one bit of advice.

It will be just the beginning of your, or anyone's forex journey
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15 active and some removed targets.png Size: 58 KB
  • #2,050
  • Jan 17, 2022 12:44am Jan 17, 2022 12:44am
Quoting TimeTells
{quote} Hi O,I,Y Exactly. One could draw many horizontal lines, and as discussed price WILL revisit them. But George didn't draw just horizontal lines. He used Swing Points, specifically, and drew them on his 15m chart, then his 1hr chart, then his 4hr chart. And he kept them on his chart until they were revisited, when he then deleted them. Those Targets he drew could end up being well spaced apart, or very tightly lined up at a price which he termed a Herd Mentality Zone. How any trader uses THIS or any market information or methodology is the...
Pete, try to draw a line from the last red candle open, bullish scenario (no wick) and last green candle close, bearish scenario on H1, then go to M15 and see what happens), I have gray lines
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 736F62BC-1BE5-4727-86BD-3202553D7647.png Size: 172 KB
Click to Enlarge Name: A2878C6F-1785-467F-8009-EF36A09B230D.png Size: 197 KB
  • #2,051
  • Jan 17, 2022 12:56am Jan 17, 2022 12:56am
If anyone is interested I will share with you, YouTube
Attached Image (click to enlarge)
Click to Enlarge Name: 78B3B30D-F52C-4EB1-BA57-958A1CF1DE9C.png Size: 181 KB
  • #2,052
  • Jan 17, 2022 1:00am Jan 17, 2022 1:00am
Quoting mik2012
{quote}
Pete, try to draw a line from the last red candle open, bullish scenario (no wick) and last green candle close, bearish scenario on H1, then go to M15 and see what happens), I have gray lines {image} {image}


Lovely work Mik, I could trade your charts , great to see this, innovative thinking.


George would have loved it, you have pushed the envelope to see where it can go.


(I did up a couple of GU charts this morning, with various INDIS, not that I am specifically recommending those indis but to show how we can think outside the box and still be using George's principles. Let me track some down).

Cheers Michael, I appreciate your input
  • #2,053
  • Jan 17, 2022 1:01am Jan 17, 2022 1:01am
NAKED CHART
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1 naked.png Size: 30 KB
  • #2,054
  • Jan 17, 2022 1:01am Jan 17, 2022 1:01am
BOLLINGERS (32)
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1 BB-32.png Size: 37 KB
  • #2,055
  • Jan 17, 2022 1:02am Jan 17, 2022 1:02am
EMA 50, 200
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1 ma 50 200.png Size: 33 KB
  • #2,056
  • Jan 17, 2022 1:03am Jan 17, 2022 1:03am
PARABOLIC SAR 0.05
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1 psar 0.05.png Size: 34 KB
  • #2,057
  • Jan 17, 2022 1:05am Jan 17, 2022 1:05am
none of those charts are what I use though lol

asking folks to THINK is all


and great work again on yours Mik
  • #2,058
  • Jan 17, 2022 1:14am Jan 17, 2022 1:14am
Quoting TimeTells
{quote} Lovely work Mik, I could trade your charts , great to see this, innovative thinking. George would have loved it, you have pushed the envelope to see where it can go. (I did up a couple of GU charts this morning, with various INDIS, not that I am specifically recommending those indis but to show how we can think outside the box and still be using George's principles. Let me track some down). Cheers Michael, I appreciate your input
Pete, this is not my discovery .. this is ICT .. subscribe to it,

regards Mikhail
  • #2,059
  • Jan 17, 2022 1:24am Jan 17, 2022 1:24am
Quoting mik2012
{quote}
Pete, this is not my discovery .. this is ICT .. subscribe to it, regards Mikhail
Hi Mik,

Yes, George loved Michael H also.

Mate I have done my own setup now to a point where I am very happy & confident with its execution.

It is small time believe me, and I essentially scalp, but I scalp with the current directional momentum, often from what folks call "pullbacks"
(which just like the words S&D I dont believe they are exactly as the industry explains them to us ).

Cheers for the offer tho, pls put up all charts as you see fit pal, they look great
Pete
  • #2,060
  • Jan 17, 2022 1:26am Jan 17, 2022 1:26am
Quoting mik2012
{quote} Pete, try to draw a line from the last red candle open, bullish scenario (no wick) and last green candle close, bearish scenario on H1, then go to M15 and see what happens), I have gray lines {image} {image}
Can you provide the ICT video related with your thread?
0 traders viewing now