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Price action at the core = family members' discussion project

  • #2,141
  • Edited 7:09pm Feb 19, 2022 6:54pm | Edited 7:09pm
Quoting Pumi
{quote} The intention part is not visible on the candle itself until you zoom in to the LTF. What is obvious on it is the power of 3. Ask yourself how many times in the past (mostly when you were not informed as you are today) you entered a trade too early and it comes back for your stop loss and then after it carries on to the direction you believed or thought it would go. You might find that you have seen their intention but you might have not been aware or you didn't know that the manipulation is to follow. In a bar/candle you will not see the...
Hi Pumi

The intention can often be seen within the candle if you trade US pairs, it doesn't have to be hidden.

A candle on a chart is seen as a long thin rectangle, it's a mystery box hiding its intention not at the open of the candle but its purpose at its end of the candle.
The question unknown is what happened prior to the close of the candle

I want to know if the liquidity within the candle was being consumed in vast quantities.
I want to know if the liquidity within the candle was unbalanced excessively in either bids or asks.


In almost every major reversal (no thats bulls, every single one), there is an major imbalance event occurring with a single one minute candle at its climax.
It is normally followed by a "thrust away" candle back the other way a short time later.

There is no hidden agenda or intention if we can look inside the box and view the big players roadmap as they have just raised the flag and now pointing to a new hill over the horizon.

Tick volume in my mind is an fraudulent act by all brokers, too disguise the actual liquidity on any chart at any time is actually as shallow as a toddles pool, not deep like the Mariana trench.

So two questions

1.. Can any one spot the thrush up candle after the climax?.
2.. If the liquidity is so deep as some think, why is the order book effectively zero on one side - at the bottom?
Attached Image (click to enlarge)
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Trading thin liquidity at the boundary of the charts
  • #2,142
  • Feb 19, 2022 7:36pm Feb 19, 2022 7:36pm
Quoting RickM
{quote}
There is no hidden agenda or intention if we can look inside the box and view the big players roadmap as they have just raised the flag and now pointing to a new hill over the horizon. Tick volume in my mind is an fraudulent act by all brokers
Agree Rick, tick volume is more like tomorrows weather prediction for its usefullness, as it is an activity list not a volume listing imo
(ie one tick I guess could be 0.10 lot and the next tick could be 10.0 lots, delta might be visual in that sense, but not useable for me).

But the big players roadmap, which I could call intent but only just as a word, is the area of my main intrigue.

Excellent chart and explanation at the micro level of instantaneous occurances of price moves, thank you.
I enjoy seeing ‘data’ in a way I do not get to see it in my own trade experience.


In regards to “intent” I look for it on a much larger scale than 1min (though I do ‘enter’ trades only on the 1 min)


A fake and directional flip might sometimes occur in Franky/London for example. When price rushes up 20 pips,
and then price reverses and goes down 50 pips in the ‘opposite’ direction.
(You would get to see your vol data at that flip point).

But in my theoretical example (20 up, 50 down I mentioned, is to me, the original intent which would be for the market to sell off.

The accumulation was in the 20 pip buy rise, but the real move intent to me was “always” the 30 pip (aggregate) sell move

(and which when I study this stuff deeply price often goes right to one of a George Target and/or near one of my Inflection lines,
and this happens far too often now for me to view it as mere market coincidence).


You might know I am interested in your vol data work as you have been explaining it to traders and what all happens via your data info.

This is new & innovative and well above what most mt4 screen template traders are doing.


A main personal interest of mine is still to discover directional intent, price can only go up or down ultimately,
and I wonder or hope if your data gives some more clues.

Not just at the 1 min or the real tick vol lines.

I always wonder if the real vol you see, shows something also in the bigger moves in relation to the vol data you have access to.

So not so much real vol data at the turns, flips, or extremes, but then well AFTER that.
Is there a follow-on real vol assessment that could then be traded deeper to the other end of the run, or do you asses it best as used at those flip over areas.


If the full in-between area, from the top and before the bottom (ie after the flips), lets the real vol data show a continued directional move etc then that would be fantastic.

At present any intent for me is after the fake n flip, and I have to wait for visual, not data based, confirmations.
  • #2,143
  • Edited 11:33pm Feb 19, 2022 11:08pm | Edited 11:33pm
Quoting TimeTells
A main personal interest of mine is still to discover directional intent, price can only go up or down ultimately, and I wonder or hope if your data gives some more clues. Not just at the 1 min or the real tick vol lines. I always wonder if the real vol you see, shows something also in the bigger moves in relation to the vol data you have access to.
The question is: what is the purpose for mister X to do X? But please don't start talking about big banks, hedge funds, institutional investors and trillions of trades.
Let's imagine that all we know about forex is fake. Let's imagine that there are one big player around. And it has a looot of money.

What he do? He build the position (accumulate) and then exit it with profit (distribute). And repeat.
What is the fuel? Stops. They are the liquidity. They are guarantees. No one will risk money without guarantees.

Accumulation phrase is not very interesting, but the distribution is for sure. The main question how that big player decide how many lots he need to trigger stop cascades to help it run and get to the right distance.

For that purpose he use the real volume data to calculate the cumulative size and the average distance where stops are hidden. And now, once the accumulation phrase is done the only one task left - is to wait when there will be few limit orders ahead, when it will be cheapest time for buyout everything till stop cascades will be triggered. Since the market mechanics is well known I know you know what will happened next.

What is tick vol data and why they use it? Tick vol data is let's say "average" data from somewhere. They need it to draw candles. Since every broker has an advantage over the client (fees, slippage, swap, fat finger, connection issue, software issue, spread) there is no need to check if some trade really matched on another side. That's why limit and market orders are equal on forex and there is no difference. They just don't care. They don't need any real liquidity. If there will be some issue they will just freeze your platform (mt4 has that functional) and that's all.

What small trader like me must do in this case as I know how it works? I must jump-in and jump-out when that big player moves. That is the only way to survive. But since I can't make the same calculations the big player making (because of lack of resources (time, money, knowledge, data etc)) all I can do is to exploit market imbalance issue. And it will always form when a big player starts to scoop up liquidity.
Observer effect
  • #2,144
  • Feb 19, 2022 11:51pm Feb 19, 2022 11:51pm
Quoting ryuryu
{quote}
Let's imagine that all we know about forex is fake. Let's imagine that there are one big player around. What is the fuel? Stops. They are the liquidity.
They are guarantees. No one will risk money without guarantees. Accumulation phrase is not very interesting, but the distribution is for sure.
For that purpose he use the real volume data to calculate the cumulative size and the average distance where stops are hidden.
What small trader like me must do in this case as I know how it works?
I must jump-in and jump-out when that...
Cheers Ryan,

I can see where you guys have developed your edge, with the real vol data. Being able to see it numerically as the imbalance happens.

I agree for sure that forex is well, not so much fake, but it is definately NOT the real market where the real Tier Banks currency exchang-ing takes place for sure

I have made my own way now in the common mt4 candlestick arena.

I use NO mt4 tick vol for any trade purposes.
I emply patience for excecution
Based on two areas that turn up on the chart
(and you know what I mean, so I won't push them on you again here after your excellent reply to me, thank you)

As you stated the sitting duck stops are real, they are liquidity, AND they are actually "orders"
just in the opposite direction of the original trade. Thus the 'scooping'.

Interesting topic. Cheers
  • #2,145
  • Edited 3:37am Feb 20, 2022 1:25am | Edited 3:37am
Quoting TimeTells
{quote} Cheers Ryan, I can see where you guys have developed your edge, with the real vol data. Being able to see it numerically as the imbalance happens. I agree for sure that forex is well, not so much fake, but it is definately NOT the real market where the real Tier Banks currency exchang-ing takes place for sure I have made my own way now in the common mt4 candlestick arena. I use NO mt4 tick vol for any trade purposes. I emply patience for excecution Based on two areas that turn up on the chart (and you know what I mean, so I won't...
Thank you for your kind words!

Please check my drawing

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 35 KB

For example big player stopped his accumulation phrase for long and want to push the price higher. How to do it? He must wait when there will be as few limit sells as possible. Because he must spend as little money as possible for that.

Now he start posting market buys, they match limit sells and fill them taking the liquidity out. Remember that stop loss order are market orders too. So they work exactly the same like market order - they are searching for limit order to match. But there is a difference with them. They can't be removed. They can be moved, but never removed (that's why they are guarantees of liquidity opposite to limit order which are "may be I want to" type).

When such a movement occur people start to move/remove their limit orders. And start to execute more market orders. So the liquidity left on the table is only stops and few limit orders left. Since the amount of each stop and each limit order if different, but the type is always "good till cancel" then it start to take out all the liquidity pushing the price higher (lower).

Out stops are free fuel for big player. There is no need to spend money to push the price. Once stop cascades start then we just help the big player with our money to achieve the result.

And then the money runs out. And everything stops. Now the new phase started - distribution. Now big player start to sell you your assets but with his profit gained.

That's why we are using volume data. Without volume data you can't see the picture. Tick volume is useless, it is synthetic averaged data to draw candles for broker's client only. Trader must use any found advantage to reduce negative expectation as much as possible. Unfortunately we don't have much instruments to use...

P.S. May be I'm wrong and the market works another way. So please do not use that info as trading advice

Forgot to say:

People wonder why news works? No, they don't. When news occur there are no liquidity, people afraid to trade news and remove their orders (stay away from the market). That's why news time is the best time to start distribution phrase for big player: few limit orders to buy/sell and a lot of free stop losses that will be triggered easily which will lead to trigger stops which will lead to stop cascade start which will fill all the limit orders ahead and help to put the price on desired level. That'w why the news trading time price change amplitudes are so big.
Observer effect
  • #2,146
  • Feb 21, 2022 1:49am Feb 21, 2022 1:49am
Quoting RickM
{quote} Hi Pumi The intention can often be seen within the candle if you trade US pairs, it doesn't have to be hidden. {image}
Hi Rick,

Thanks again. I always value your input and I learn a lot from your posts/replies. I was looking at it from only the price chart point of view without volume. But of course if it is also possible to see it without volume and without breaking down that daily candle into pieces (LTF) I certainly want to learn more about it.
  • #2,147
  • Edited 5:29am Feb 24, 2022 5:18am | Edited 5:29am
Quoting TimeTells
{quote} ... I emply patience for excecution Based on two areas that turn up on the chart (and you know what I mean, ...
Hi TimeTells,
it's so crowded there, can not think anymore ... .... as you say: patience is important, i am agree with it, my weakness in trading is also that i am lack in patience ... ... i open order too early, and i Close my profit order also too early (even it is not near to my target), i just close it because i am afraid price changes its direction (i know, i am lack of psychological / emotional in trading). All we need actually are learning, practice ... practice... and practice ... waiting until next opportunity ... but this is easy to say than to do ...
Buy instead of sell at the time price goes down, and visa versa if price goes up , this is common... because we do not have any robust system yet. we also think to get some pips by scalping, but at the end, we loss ... and loss ... and loss .... if we put stop loss to our orders, it is often touched first, before the price return back to our direction, but if we do no put stop loss, then the result can be very bad too ... Now, what is actually the best practice idea to do in trading ?? it seems that all things are very unpredictable and stay behind the dark cloud ... no idea at the moment ...,

Time after time we learn some thing, we get some new ideas and improving our selves, but it is not enough .. every hour, every day, every week seems all the same, we trap in price ... How to avoid this ?? some system good for sideways, and other good for trending time .... but almost every time we get the signal at or near the end of the trend (because of lagging behavior of some indicators, may be). i think we do not need to jump at the start of a trend, but at least it is still giving us enough space to ride the trend. some people say that we must trade during the overlapping time of London & NY, but ... imagine the outcome, if we ride the wrong direction ?? because at these overlapping time, price can go up and down very fast, we have no time to think ... and our stop loss will be touched almost surely ... ... any clue, tips, or idea is welcome.
Thank you
  • #2,148
  • Feb 24, 2022 7:09am Feb 24, 2022 7:09am
Quoting lasttry
{quote}
Hi TimeTells, it's so crowded there, can not think anymore ... .... as you say: patience is important, i am agree with it,
my weakness in trading is also that i am lack in patience

Hi LT,

You have asked a long question, which I read as very genuine.
I will respond with a (very) long answer, for which I will not apologise,
as in reading it you MIGHT have to suspend any immediate trading.


Based on your opening sentences, you, sir, are in your own personal trading “hell”.
And. You know it.

You have mentioned you have no patience, you open orders too early, you have no robust system and
because price moves very quickly you have no time to think as all that happens.

I would suggest, based on your honest & open words on here that you stop trading for real money, immediately.

You are gambling, sir. And I might not have issue with that. IF you were (even) enjoying yourself.
But from your own words. You are clearly NOT enjoying it.

So Cold Turkey. Stop trading for real money, today.
Only you have the ability (and hopefully the strength) to do this. No one else can help you here.

Then. After 24 hours away from trading, you can awaken refreshed.
And should you WISH, start to learn something real about the market. And about yourself.

You should also understand that WE, well I guess many of us here have been through your experience, or something similar.
So take some comfort that many have also been through it, and there may be a solution to your situation.

What I will ask you do, which is your own choice of course, is to also refrain yourself from listening to the very NEXT person who
comes and tells you that their system is THE way to trading success (even though it MAY actually be).

Please understand that folks will offer this to you with their best intentions. But it will only be THEIR method that they wish to show you (or sell you).

And in the end you will have then learned NOTHING, for or by yourself,
which imho should be your main goal if you want to continue in the game of forex long term.

If you want to just gain money then maybe a job is a better option, if you can.


Now, here’s a link to a Training Simulator.
Which I posted on another thread. It works on the weekends offline also, a good time to study.

https://www.mql5.com/en/code/9220?ut...ce=mt4terminal

Install it in your Experts folder if you wish. After install and restart open an MT4 chart and use Ctrl-T and Ctrl-R to show the simulator screen.

“Select the Training2 downloaded expert advisor from the list of drop downs”
“Choose a symbol of your favourite PAIR”
“Choose the slowest model operation EVERY TICK to begin with”
“In the Use Date choose any time from the past (eg 3 months ago)”
“Tick Visual Mode but do NOT tick Optimization”

It is NOT a TRADING simulator. It is essentially a WATCHING simulator.
You cannot learn quickly staring at forex live charts, in real-time, as they move too slowly.

The Training Sim will provide you a chart, where you can adjust the speed of the candles (from fast to slow)

And you will just watch. Watch price move up and down and sideways.
Then you will plan in your mind, where you might like to enter a trade.
The imagined trade will either succeed or it will fail.
You may look then at what ‘time’ of day on the chart this mental trade took place.
You can examine all your own reasons for wanting to even trade at that point. Take notes.

A simulated 10,000 real hours might take only 200 hours on speed training.
And then, you will have a breakthrough.
At that point you might well shut your eyes and just pick a System Thread on FF.
Any one of the thousands on display.
And place the template from that system onto the Simulator, and see if you have more potential trade information than before.
If you DO then …. DO NOT START TRADING REAL MONEY AGAIN.
It may just be an illusion of a long term success. You are merely testing all options as self examination seeking comprehension.

You are now getting closer to what every other trader, that is still trading, had to go through in one way or another,
before they gained their own moment of comprehension . To still do things their way, but better now.


If you are then still keen to be a Forex trader, you will finally have a REAL moment of clarity in which you will see all the
bullsh!t and nonsense before you that has been passed off in the past as training, and you will at last be .... FREE.

Free from nonsense. Free also to then focus on what actually might the best methodology of trading that will suit YOU the best.
And you will look at forex with clearer eyes.

You will settle on a solid method of trading, which might just be a combination of what others on FF have graciously laid out for you.
Or your own developed ideas. But what that method will be is … YOURS.
And when you OWN something, for yourself, you will treat it & yourself with more care.

And then you will succeed. Trading to win is actually easy (sorry).
No one I know has ever complained about a winning trade being too hard.
It is the losing trade that is the hard part of forex trading.
And these can be very hard. Hard on your account. And hard on your mind.

If I had to give you one (cryptic) clue on how to avoid losing trades.
I would take it from an old Carlos Castenada novel, The Teachings of Don Juan.

Don Juan was asked by his student how he would avoid his death (think, trading losses).
If a murderer was sitting and waiting around the corner for him.
With a loaded weapon. “How can I avoid my death, Don Juan”, the student asked.

DON’T WALK AROUND THE CORNER !

When you gain an understanding of the meaning of that answer, you are almost ready to start real trading again

Don’t take losing trades of a total larger value than your winning trades, that's the MORAL.
Just DON’T.
  • #2,149
  • Feb 24, 2022 4:50pm Feb 24, 2022 4:50pm
Quoting TimeTells
Hi LT, You have asked a long question, which I read as very genuine. I will respond with a (very) long answer, for which I will not apologise, as in reading it you MIGHT have to suspend any immediate trading. Based on your opening sentences, you, sir, are in your own personal trading “hell”. And. You know it. You have mentioned you have no patience, you open orders too early, you have no robust system and because price moves very quickly you have no time to think as all that happens. I would suggest, based on your honest & open words on...
Hi Pete, your advice "to also refrain yourself from listening to the very NEXT person who comes and tells you that their system is THE way to trading success (even though it MAY actually be)" is timely. Traders in this position are vulnerable to claims that members make on this forum. We read plenty of claims that's repeated over and over again on FF - an indirect form of marketing, and such claims tempt these vulnerable traders. There are plenty of things that happen behind the scene via pms and thereon. A reality about FF that's here to stay. Cheers.
Know what you trade
  • #2,150
  • Feb 24, 2022 5:49pm Feb 24, 2022 5:49pm
Quoting BWilliam
{quote}
Hi Pete, your advice "to also refrain yourself from listening to the very NEXT person who comes and tells you that their system is THE way to trading success (even though it MAY actually be)" is timely. Traders in this position are vulnerable to claims that members make on this forum. We read plenty of claims that's repeated over and over again on FF - an indirect form of marketing, and such claims tempt these vulnerable traders. There are plenty of things that happen behind the scene via pms and thereon. A reality...

Hi BW,

Cheers pal,

Hahaaa, indeed, yes there is THAT element of FF for sure.
I call it “sorting the wheat from the … non-wheat”.

Yet IMHO we have mostly very well meaning folk here on FF, I believe, (yourself included)
trying to point traders in a more successful direction than they currently have.


Yet some traders are hurting, very badly, I can hear pain.

The trick imo (and this is THE hardest thing to do)

is to forget the NOW of just getting $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ from the market.


A new trader, if wise, is going to have to LEARN the market from the very top,
to the very bottom (and NOT initially just in a successful pocket, yet)

After that, a trader can come down into a ‘smaller’ playground (pocket) & gladly finesse their gained knowledge.


The methods of trading are so diverse that until a trader really understands "who they even are” in regards to trading (and life)
that any big money from forex should be the last initial thought they have.

Learn what the markets DO (not a pattern, not a setup, but what it really does).


Crikey, who knows, start with a one week chart and place an “x” at the start of any week on any place on your chart.
ANYWHERE you wish, why not
(choose somewhere in the middle, not at the edges, where you might eventually want to be trading).

In the middle, if you can. The ‘dreaded’ washing machine area.
Then watch price move. Towards it, away from it. Up & down, and down & up, and down again.
It makes no sense at all.
Or DOES it.
Eliminate then what DOESN’T make sense. And you might be left ONLY with, what DOES make sense.

It’s hard to write about Forex without being ‘cryptic’, sorry.
AS, forex, each day, with its meandering moves, which might then form into a major directional move, or anything else
are in themselves
CRYPTIC

Many might also agree the forex market is cryptic
(certainly those on the losing side of a trade, which went against what “seemed” so clear & logical at the time
- “but my indicators said to BUY”)

If your indicators said BUY, and then the market SOLD, then it’s only one of two things.
The INDICATOR itself was useless (though again, maybe only useless in THAT situation)
Or the indicator was useful by showing you a market “formation”
but then the TRADER was useless (at that situation moment) of conceiving whether price
would (or could) go in ONE direction or the other.


If I mentioned to a trader that IF the market was going to (ultimately) be in a BUY situation,
that the market then MAY very well first (and maybe HAVE to) go into an initial SELL situation.

Folks would say, and understandably, WHY would a “buying market” go into a “selling situation” first.

(And then what if it DOESN’T)

In the end, we each have to work all this stuff out, ourselves.

When a trader DOES work it out, themselves, they might then be able to pick out a smaller ‘pocket’ of the whole market
(a smaller ‘situation’ that has NOW become familiar to them)
which they can then, EXPLOIT (that smaller pocket) to the MAX.

That’s why I reckon we have traders come on and say, forget how you currently trade,
join my way, it works ! (for ME).


Find YOUR own way.
And use & take & absorb & then verify AND then maybe vary what you have learned,
and use EVERYTHING that folks have put up here on FF to steer you in a direction, that might work for you.

Think how each trader might have got where they are now. And why they are saying THEIR WAY works for them.

Do we think the very FIRST method THEY tried, worked out successfully for them with profit after profit. NO.
They had to lose, initially, then study and eliminate the bullsh!t which was really stopping them from developing their own reality of the market.

SO, develop your own.

And then its yours.
And then STOP
taking losing trades

Eventually you will take less of them.
And then LESS and LESS of them, and then one day you might say
you have CONQUERED the market.

But that is STILL an illusion.

As you have really only, and MORE importantly, conquered one thing

YOURSELF.

Trade safe.
  • #2,151
  • Edited 6:25pm Feb 24, 2022 5:57pm | Edited 6:25pm
Quoting TimeTells
{quote} Hi LT, You have asked a long question, which I read as very genuine. I will respond with a (very) long answer, for which I will not apologise, as in reading it you MIGHT have to suspend any immediate trading. Based on your opening sentences, you, sir, are in your own personal trading “hell”. And. You know it. You have mentioned you have no patience, you open orders too early, you have no robust system and because price moves very quickly you have no time to think as all that happens. I would suggest, based on your honest & open words on...
Hi TT,
A great idea to think, thank you for a prompt & detail reply. still trying to understand the whole. Long answer, yes ... - so i need also more time to absorb it ... hope it will be better to day- but if i see "current ratio", i am still "afraid" of it. patient is needed every time maybe... classic term: waiting for a drop to buy& at top of a hill to sell ...?
  • #2,152
  • Feb 24, 2022 6:03pm Feb 24, 2022 6:03pm
Quoting lasttry
{quote}
Hi TT, a great idea to think, thank you for a prompt & detail reply.
still trying to understand the whole.
Long answer, yes ... - so i need also more time to absorb it ... hope it will be better to day-
but if i see "current ratio", i am still "afraid" of it.
patient is needed every time maybe... classic term:
waiting for a drop to buy& at top of a hill to sell ... ?

Hi LT,

Crikey mate, though my post to you was long, yes sorry, I was really only suggesting ONE small thing to you.

Stop trading and START practicing (on the simulator).

Yesterday was very well controlled mayhem in the markets, the aftermath today could well be no ripples at all, who knows.


PRACTICE, away from live real trading on the Simulator, was honestly my only suggestion in that first big post.

all the best, sir
Pete
  • #2,153
  • Feb 24, 2022 6:10pm Feb 24, 2022 6:10pm
Quoting TimeTells
Learn what the markets DO (not a pattern, not a setup, but what it really does). Crikey, who knows, start with a one week chart and place an “x” at the start of any week on any place on your chart. ANYWHERE you wish, why not (choose somewhere in the middle, not at the edges, where you might eventually want to be trading). In the middle, if you can. The ‘dreaded’ washing machine area. Then watch price move. Towards it, away from it. Up & down, and down & up, and down again. It makes no sense at all. Or DOES it. Eliminate then what DOESN’T make sense....
Hope you don't mind, I would suggest the Daily Open Line for a start and a M1 to M15 chart. Compare the candle sizes when they makes those U-turn.
If you want to record those U-turn I suggest use ROC. Flipper posted something about it.
  • #2,154
  • Feb 24, 2022 6:27pm Feb 24, 2022 6:27pm
Quoting mixedbags
{quote}
Hope you don't mind, I would suggest the Daily Open Line for a start and a M1 to M15 chart.
Compare the candle sizes when they makes those U-turn.
If you want to record those U-turn I suggest use ROC. Flipper posted something about it.

Hi MB,

I don't mind at all, sir, you are "thinking" of possibilites that can be

TESTED, observed & modified & examined.

all the best
  • #2,155
  • Feb 24, 2022 6:30pm Feb 24, 2022 6:30pm
Quoting TimeTells
{quote} Hi BW, Cheers pal, Hahaaa, indeed, yes there is THAT element of FF for sure. I call it “sorting the wheat from the … non-wheat”. Yet IMHO we have mostly very well meaning folk here on FF, I believe, (yourself included) trying to point traders in a more successful direction than they currently have. Yet some traders are hurting, very badly, I can hear pain. The trick imo (and this is THE hardest thing to do) is to forget the NOW of just getting $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ from the market. A new trader, if wise, is going to have to LEARN...
Hi Pete,
Will try to download & demo your idea of trading simulator this weekend. I can't understand why just take less and less of them, trying to be a sniper ? any way, still trying to do my best. Thanks a lot ...
  • #2,156
  • Feb 24, 2022 6:40pm Feb 24, 2022 6:40pm
Quoting lasttry
{quote}
Hi Pete, Will try to download & demo your idea of trading simulator this weekend.
I can't understand why just take less and less of them, trying to be a sniper ?
any way, still trying to do my best. Thanks a lot ...

Hi LT,

All the best with it this weekend.

- - - - -

In regards to the less and less of them - I was referring to our losing trades.


"And then STOP
taking losing trades

Eventually you will take less of them.
And then LESS and LESS of them"
  • #2,157
  • Feb 24, 2022 9:54pm Feb 24, 2022 9:54pm
Hi
since past 3 years i am being reading and trying to understand george mechanics of market
But still i am unable to know why george insist to look at herd mentalitY
Could any member help me on herd mentality.
  • #2,158
  • Feb 24, 2022 10:24pm Feb 24, 2022 10:24pm
Quoting venkatredy
Hi since past 3 years i am being reading and trying to understand george mechanics of market
But still i am unable to know why george insist to look at herd mentalitY
Could any member help me on herd mentality.

Hi V,

Herd Mentality Validation zones are merely "multiple line ups" of George's Targets at a very close proximity in PRICE.

All George's Targets, which draw on a chart as a "horizontal" line are actually nothing more than simply PRICE.
(at where those horizontal lines reach the 'far right' of the chart grid and = a price)


To find what George posted on his first thread about Herd Mentality I went to George's Home Page and
typed in the words "herd mentality" in the provided search box under his POSTS area on the left (cheers Andy)

To save you the work of doing that I have listed the link below for you.

There you can read each & every individual post where George mentioned Herd Mentality which spans some 4 pages on the list.


https://www.forexfactory.com/search?searchid=36003917


edit: sorry V, it appears the search link might expire after a period of time. Or when logged out.

You might then do the search yourself on George's Home Page (not too much hard work )
  • #2,159
  • Feb 24, 2022 10:34pm Feb 24, 2022 10:34pm
hi mike
how are you i hope your doing well
i read the george mentioned post reg herd mentality
but my main problem when looked at chart some time price taken out herd mentality stoploss pool price reverse & some time price move farward to next target or next herd mentality validations.
  • #2,160
  • Feb 24, 2022 10:37pm Feb 24, 2022 10:37pm
Quoting TimeTells
{quote} Hi V, Herd Mentality Validation zones are merely "multiple line ups" of George's Targets at a very close proximity in PRICE. All George's Targets, which draw on a chart as a "horizontal" line are actually nothing more than simply PRICE. (at where those horizontal lines reach the 'far right' of the chart grid and = a price) To find what George posted on his first thread about Herd Mentality I went to George's Home Page and typed in the words "herd mentality" in the provided search box under his POSTS area on the left (cheers Andy) To save...
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