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Flying Dutchman

  • #941
  • Mar 10, 2022 7:13am Mar 10, 2022 7:13am
Quoting moodybot
{quote} The indicator you are using rick, would that be what's on offer through the platform, built using good old OHLC or a Commercially available product? My interest would be that most people are reading market structure wrong, hence the standard figure of 99% wouldn't know their Arse from their elbow. They all see the same high/low points and act accordingly. That I would think would tie in with your product showing a sudden amount of interest. Correct reading of market structure would indicate when the herd are jumping in causing price to head...
I have been meaning to reply to this with a question Andy at the risk of embarrassing myself. You mention the trapping of both buyers and sellers, and I absolutely can see why MM's would want to do that with Algo's or otherwise. However I can't get my head around it ? The two things I struggle with is that I cannot see how you can trap one side without fulfilling the desired outcome of the other. The other thing I struggle with is that retail sentiment is generally biased in one direction or another and surely it would then pay the MM's to capitalize on that bias (which it is proven they frequently do incidentally).

So have I misunderstood what you have said, in your opinion are MM's trapping buyers OR sellers, or both (or a combination thereof) ? The fact I can't quite get this I think might be quite interesting because perhaps I should be thinking about the market 'in the mirror', or indeed I am only seeing half the picture (if that makes sense) and not considering the effect of trade exits as well as entries. Can you demonstrate how these traps work ?
  • #942
  • Edited Mar 11, 2022 7:12am Mar 10, 2022 11:08am | Edited Mar 11, 2022 7:12am
What do you think where the weekly close will be in GU?
Above 1.31500
edit: Might be good rejection after the NYO. It went too fast to this zone
edit: occured before NYO
  • #943
  • Mar 10, 2022 1:15pm Mar 10, 2022 1:15pm
Quoting rogerha
{quote} I have been meaning to reply to this with a question Andy at the risk of embarrassing myself. You mention the trapping of both buyers and sellers, and I absolutely can see why MM's would want to do that with Algo's or otherwise. However I can't get my head around it ? The two things I struggle with is that I cannot see how you can trap one side without fulfilling the desired outcome of the other. The other thing I struggle with is that retail sentiment is generally biased in one direction or another and surely it would then pay the MM's...

Hi Roger

https://www.forexfactory.com/thread/...4#post12944924

Same moves, all pairs, all timeframes.

Remarkable to think that adding/subtracting money will cause each pair, chart, timeframe to behave in exactly the same way.

The same moves.
  • #944
  • Mar 10, 2022 1:24pm Mar 10, 2022 1:24pm
Quoting moodybot
{quote} Hi Roger https://www.forexfactory.com/thread/...4#post12944924 Same moves, all pairs, all timeframes. Remarkable to think that adding/subtracting money will cause each pair, chart, timeframe to behave in exactly the same way. The same moves.
Thanks Andy, that has definitely helped my understanding of what you mean.
  • #945
  • Edited 6:10pm Mar 10, 2022 5:17pm | Edited 6:10pm
Quoting moodybot
{quote} The indicator you are using rick, would that be what's on offer through the platform, built using good old OHLC or a Commercially available product? My interest would be that most people are reading market structure wrong, hence the standard figure of 99% wouldn't know their Arse from their elbow. They all see the same high/low points and act accordingly. That I would think would tie in with your product showing a sudden amount of interest. Correct reading of market structure would indicate when the herd are jumping in causing price to head...
Hi Andy

I really wish the Algo story was true, but it’s not.
Price heads in another direction when the herd arrive for a very simple reason.
George didn’t understand it either although he found a smart way to trade it nether less.
Its not about trapping traders, it’s just the large players and market makers can see the stops.

Now you need to answer ryuryu’s question.
When you place a short order above a swing point, many traders place a stop.

Correct?

What is a stop really?
Trading thin liquidity at the boundary of the charts
  • #946
  • Mar 10, 2022 5:41pm Mar 10, 2022 5:41pm
Quoting RickM
{quote} Hi Andy I really wish the Algo story was true, but it’s not. Price heads in another direction when the herd arrive for a very simple reason. George didn’t understand it either although he found a smart way to trade it nether less. Its not about trapping traders, it’s just the large players and market makers can see the stops. Now you need to answer ryuryu’s question. When you place a short order above a swing point, many traders place a stop. Correct? What is a market stop really?
The simplest explanation Rick is that the Algo prints a price movement that feeds human expectation.
Print a high and naturally people will see and hope for a reversal. Run it short, stop, then print another high. Run it short again. Trapped buyers and sellers. Standard move.

And my question of Volume being used also hasn’t been answered. Reading between the lines one has to join a discord group, or that’s the impression from Rudydoo thread.
At that point, I lose interest.
  • #947
  • Edited 7:23pm Mar 10, 2022 5:54pm | Edited 7:23pm
Quoting moodybot
And my question of Volume being used also hasn’t been answered. Reading between the lines one has to join a discord group, or that’s the impression from Rudydoo thread. At that point, I lose interest.
If only people do a bit of thinking they get to the facts.

Bank traders and market makers supposedly "can see the stops". Those who make such statement are not aware of the high attrition rate among Bank traders who employ MBAs and PhD's. Best brains and best volume data plus insider info, "stop loss" still result in mass failure. Tape reading, volume analysis and run stop loss is as old as the hills, just another "indicator" trading strategy anyone can do their own research.

About Skype and discord group, I was very against the idea. And I made it known clearly. What's FF forum for?
Know what you trade
  • #948
  • Mar 10, 2022 6:15pm Mar 10, 2022 6:15pm
Quoting moodybot
{quote} The simplest explanation Rick is that the Algo prints a price movement that feeds human expectation. Print a high and naturally people will see and hope for a reversal. Run it short, stop, then print another high. Run it short again. Trapped buyers and sellers. Standard move. And my question of Volume being used also hasn’t been answered. Reading between the lines one has to join a discord group, or that’s the impression from Rudydoo thread. At that point, I lose interest.
Andy

Until you understand what a stop really is, your’e making life hard for yourself.
Ryuryu is correct, almost zero traders understand what the purpose of a stop is.

99.9% of traders on forex factory don’t understand how a stop is designed to work, it’s code.
Trading thin liquidity at the boundary of the charts
  • #949
  • Mar 10, 2022 6:26pm Mar 10, 2022 6:26pm
Quoting RickM
{quote} Andy Until you understand what a stop really is, your’e making life hard for yourself. Ryuryu is correct, almost zero traders understand what the purpose of a stop is. 99.9% of traders on forex factory don’t understand how a stop is designed to work, it’s code.
Thanks for that Rick.

With respect, too many red flags for me regarding volume that can only be discussed within a discord group.

That still hasn't been answered.
  • #950
  • Mar 10, 2022 7:13pm Mar 10, 2022 7:13pm
Quoting moodybot
Thanks for that Rick. With respect, too many red flags for me regarding volume that can only be discussed within a discord group. That still hasn't been answered.
I fail to understand why open discussion on a FF discussion thread is not done, instead hide behind discord group. Why create this divide? I cannot support discord group that seek to exclude.
Know what you trade
  • #951
  • Mar 10, 2022 7:18pm Mar 10, 2022 7:18pm
Quoting BWilliam
{quote} I fail to understand why open discussion on a FF discussion thread is not done, instead hide behind discord group. Why create this divide?

Yep, that's why the alarm bells are ringing for me.
  • #952
  • Mar 10, 2022 8:02pm Mar 10, 2022 8:02pm
Quoting RickM
{quote} Hi Andy I really wish the Algo story was true, but it’s not. Price heads in another direction when the herd arrive for a very simple reason. George didn’t understand it either although he found a smart way to trade it nether less. Its not about trapping traders, it’s just the large players and market makers can see the stops. Now you need to answer ryuryu’s question. When you place a short order above a swing point, many traders place a stop. Correct? What is a stop really?
the brokers lunch money with a bottle wine
people leave, but this thread will go on for ever
  • #953
  • Mar 10, 2022 11:44pm Mar 10, 2022 11:44pm
Quoting moodybot
{quote} Yep, that's why the alarm bells are ringing for me.
I do not hear any kind of alarm bells, for me this kind of groups is a just filter to avoid unnecessary, unpleasant influence from potential scammers and other idiots. People has a right to do it, no shame. Nevertheless, I do not like this kind of the groups. There are reasons why I do not like them. But do not condemn them... its is my choice to access, to fulfill requirements.. accepting me is their choice... simple as that. Amen.

Best Regards
Have nice weekend
  • #954
  • Mar 11, 2022 12:16am Mar 11, 2022 12:16am
I have visited two of these discord group, profitfarmers and ruyruys.
It was nice to see there are so many profitable traders.

I dont see no extra value for forexfactory learning trading, and understand if people dont want be free employees for fair economy inc, owner of forexfactory. They make good money from forum.

Share results of they hard work, and not want they talks and shared lazy ass forexfactory community.

Only in forex amateurs think everything should be free. and if someone develops something for them it must be 1 $/hour.

Amateurs dont know how much will cost developing working trading strategy, there are hints in New Scientist and Scientific american magazines, if you never have been working such a position.

This forum has most imbesil users what i have seen any forum, and i started using internet 1991 and was using bulletin board systems since 1986. I am notsurprised some profitable people want hang discord groups

I have many times wrote critic why Rick share for free, information, maybe because he is kind selfless person.
  • #955
  • Mar 11, 2022 1:20am Mar 11, 2022 1:20am
Quoting kk100
I have visited two of these discord group, profitfarmers and ruyruys. It was nice to see there are so many profitable traders. I dont see no extra value for forexfactory learning trading, and understand if people dont want be free employees for fair economy inc, owner of forexfactory. They make good money from forum. Share results of they hard work, and not want they talks and shared lazy ass forexfactory community. Only in forex amateurs think everything should be free. and if someone develops something for them it must be 1 $/hour. Amateurs dont...
you want a hanky get trading fakes everywhere
people leave, but this thread will go on for ever
  • #956
  • Mar 11, 2022 2:00am Mar 11, 2022 2:00am
I prefer perhaps aussi one of these brainless.

Sometimes some peoples wart in they wiener is bigger than stuff inside skull which is smaller than eastern egg.

Here is hanky for you Aussi. Good Moorning.

Inserted Video
  • #957
  • Mar 11, 2022 2:27am Mar 11, 2022 2:27am
Quoting moodybot
{quote} Thanks for that Rick. With respect, too many red flags for me regarding volume that can only be discussed within a discord group. That still hasn't been answered.
Hi Andy,

that's funny...you and Rick are among the very few members that come up with interesting and valuable posts.

you say you see too many red flags regarding Rick. but let me remind you that George's ideas were very controversial in the beginning too. and he was also asking the others to join him on Skype for a discussion (red flags, red flags, red flags...). still, i never heard anyone claiming or implying that George asked anything from them. see my point?

i must say that I partly understand Rick's strategy with delta and volume, but also, I didnt invest the time for studying it, because i simply dont have it. still, i consider his ideas as bringing an interesting and refreshing perspective of how markets can be traded, so i prefer to keep my mind open.

Cheers,
Bogdan
On ignore list of scammers, deceivers and low IQ individuals. Exclusively
  • #958
  • Mar 11, 2022 3:01am Mar 11, 2022 3:01am
Quoting bfx17
{quote} Hi Andy, that's funny...you and Rick are among the very few members that come up with interesting and valuable posts. you say you see too many red flags regarding Rick. but let me remind you that George's ideas were very controversial in the beginning too. and he was also asking the others to join him on Skype for a discussion (red flags, red flags, red flags...). still, i never heard anyone claiming or implying that George asked anything from them. see my point? i must say that I partly understand Rick's strategy with delta and volume,...
Cheers Bogdan

Hope alls well with you.

Andy
  • #959
  • Mar 11, 2022 2:12pm Mar 11, 2022 2:12pm
Quoting Ihlas
What do you think where the weekly close will be in GU? Above 1.31500 edit: Might be good rejection after the NYO. It went too fast to this zone edit: occured before NYO
We had good rejection from NY. Monday fill the black box
Have a good weekend guys.
Attached Image (click to enlarge)
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  • #960
  • Edited 5:59pm Mar 11, 2022 2:50pm | Edited 5:59pm
Quoting bfx17
{quote} Hi Andy, that's funny...you and Rick are among the very few members that come up with interesting and valuable posts. you say you see too many red flags regarding Rick. but let me remind you that George's ideas were very controversial in the beginning too. and he was also asking the others to join him on Skype for a discussion (red flags, red flags, red flags...). still, i never heard anyone claiming or implying that George asked anything from them. see my point? i must say that I partly understand Rick's strategy with delta and volume,...

Hey Bogdan

Remember this thread. I felt something wasn't right. Then I was banned....hmmm, with Roger and OHIY.

https://www.forexfactory.com/thread/...yone-is-stupid

There was a discreet link , still there, post 1.
Leads to MQL website. Free EA...... or was, it's now been removed!
However with some investigation from (certain members) we could trace back to various Facebook groups.

Interesting.

He disappeared like a fart in the wind, with forum members on here still blinded by the attraction of easy money!

I am in no way saying Rick or Rudydoo are operating anything, let that be clear, but I've been around long enough to to know that on Forex factory I like everything to be open and available.

That's all I'm saying.

Besides which, for some reason he was condescending over stops and limit orders. A question posed to me that I did not see, then referenced in Rudydoo thread.

Andy.
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