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Flying Dutchman

  • #10,061
  • Dec 6, 2023 9:43pm Dec 6, 2023 9:43pm
Quoting bluesteele
{quote} Looks like the Wifes...Homemade Cinnamon buns...just need some sprinkles of cinnamon and some butter ! Delicious.. But in my current mode as a carnivore...gonna pass ! ..... No trades today..none Monday..Had to deal with a sick family member so up late and missed my setups this morning..let alone sleeping in 1.5hrs past my alarm....Such is life... Indexes SP and Dow I dont like all the inside PA from Mondays range...Oil tho coughed up a bucketful I see.. On the bright side fed all the critters outside while still dark so they wont be all...
  • #10,062
  • Dec 7, 2023 9:16am Dec 7, 2023 9:16am
Quoting venkatredy
Andy atleast help in finding about grinding days
Hi Venka...Find what works for YOU..
Take the General concepts George presented and YOU need to adopt them to YOUR style of trading that suits YOUR personality..

Heres an idea..a simple 20EMA...There is no MAGIC in the # its a point of consistently using it..IT could be the 16 or 25..
But I will say the 20/21 works exceptionally well.

OK Look at GJ or EJ 5 min and 15 min chart. with the EMA on it...and ask yourself Why would I want to go Long...I dont need to put
a TMA up to see that price would be extended into the outer bands...Its obvious with a blank chart..

Idea: Use the 20ema as a Filter for trade direction.. Only Longs above the 20 only shorts below the 20...Simple..
The Simplest way of staying on the right side of the market...Enter on a shorter TF but be mindful of where the 20 is on the 5/15
Make a rule price has to CLOSE above it then a subsequent candle has to OPEN above it for a long and vice versa.

Heres GJ 5 min and 15 min...ask yourself why would I be going Long anywhere on this chart..???
Asia London or NY

How to avoid a grinder...If its going against you close the trade..take a loss.accept your wrong and re evaluate.
Better to be wishing your In a trade than Wishing you could get out of a trade..small losses can become very big losses fast.
Getting caught in a big grinder means IMO you need better rules and psychology is an issue.

Hope this helps you in some way... Just make rules Venka and follow them..Make them your own.

Cheers
Kevin

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Master your Mind,,,Master the Market
  • #10,063
  • Edited 10:39am Dec 7, 2023 10:10am | Edited 10:39am
Quoting bluesteele
{quote} Hi Venka...Find what works for YOU..
I think what Venkatredy is having trouble with is market reversals, when price reaches a certain level, he is entering a trade,

expecting the market to reverse, which it probably does for a bit then lo & behold, sods law, what happens ?

It is only a short retracement and price continues in the original direction getting stopped out of the trade.

Maybe, he is getting the breakout trade wrong, who knows ?

I don't think He is trading Forex as it is illegal in his country, I think it is the Nifty Index which I do not have on my charting package, as I don't

have access to these charts, I could not really comment, if it behaves in the same way as Forex etc. I expect it does but not knowing the

instruments, one would need to do some study first.

Are all markets the same ?

Are all trading methods the same ?

Are any 2 traders the same ?
It never gets easier, you just get better
  • #10,064
  • Dec 7, 2023 12:16pm Dec 7, 2023 12:16pm
Quoting bluesteele
{quote} Cheers Kevin {image} {image} {image}
Hi, Kevin! Check now that chart, now please! Less than 2min... what a move...Carry trades has it s risk, too...1M trend worked.
  • #10,065
  • Dec 7, 2023 12:47pm Dec 7, 2023 12:47pm
Quoting LaszloTrader
{quote} Hi, Kevin! Check now that chart, now please! Less than 2min... what a move...Carry trades has it s risk, too...1M trend worked.
Heck of a move eh! There's a lot of accounts that went bust. Toss the 20 EMA up on the chart.. 15 min.. going long is like playing chicken with a high speed freight train with your shoelaces untied...
Master your Mind,,,Master the Market
  • #10,066
  • Dec 7, 2023 4:30pm Dec 7, 2023 4:30pm
Quoting venkatredy
Andy atleast help in finding about grinding days
Quoting moodybot
{quote}
Quoting bluesteele
{quote}
Quoting Shabs19
{quote}

Great responses to Venka guys, we all trying to help.
Yesterday was such a perfect grind example
So here's my two cents worth also Venka for what it's worth.
The chart below as a graphic view hopefully helps you see some george Time & Points/Zones of interest.

So,
Hi Venka,
Good to see you about again, your resilience & dedication to a single task is noted.

Firstly I will not be able to reduce or paraphrase how I see george trading, especially his tma_true (lwma) trading inside his playground and ONLY AFTER his 50 odd variable entry filters hade been met by the market.
See some filters here
https://www.forexfactory.com/thread/...7#post13091907

As I remember george would only ever begin trading his personal method by starting looking AT London Open
And only when the market subsequently then moved 50 pips after the L.O. Before the L.O. he never entered a trade (that I remember).
After the L.O. and market moves +50pips george was looking for his tma_true bands in a zone around his own indi parameters.

You have asked specifically HOW to avoid the grinding day, and Andy’s reply to you above was perfect imo.
That answer is How Indeed. Only I guess by great care in our trading & observation of what the market is doing now.


Here is a chart from yesterday’s GBPJPY Grinding Day.
Do you see, Venka, how tricky trading could be AND how reasonably precise you would have to be with Price AND time.
And why george had so many filters (from his post above).
And WHY george did NOT enter just because a tma_true band had been ‘touched’

While we all need to be in tune with what and where the market is now & what is has been doing.

Please re-think your own version of how you trade to george and have your recovery & exit plan in place BEFORE you push any trade-now button.
Do not automatically assume that your trade will just work out to profit each time. It’s a minefield out there.

The GJ market, after my chart ends, then went into full-grind mode AFTER LO and any trader still with open trades would be in big trouble.
Please trade SAFE venka. And then trade well.
all the best
Pete

.
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  • #10,067
  • Dec 7, 2023 5:31pm Dec 7, 2023 5:31pm
Quoting TimeTells
{quote} {quote} {quote} {quote} Great responses to Venka guys, we all trying to help. Yesterday was such a perfect grind example So here's my two cents worth also Venka for what it's worth. The chart below as a graphic view hopefully helps you see some george Time & Points/Zones of interest. So, Hi Venka, Good to see you about again, your resilience & dedication to a single task is noted. Firstly I will not be able to reduce or paraphrase how I see george trading, especially his tma_true (lwma) trading inside his playground and ONLY AFTER his 50...
And a simple account life saver he could adopt is to quit for the day/session when he gets three trades in a row wrong
every Saint has a past. Every Sinner has a Future
  • #10,068
  • Dec 7, 2023 5:51pm Dec 7, 2023 5:51pm
Quoting turnip15
{quote}
And a simple account life saver he could adopt is to quit for the day/session when he gets three trades in a row wrong

Hi turnip,
Good advice.
Three in a row though, maybe he could tweak his method application or his trader interpretation of the method, in regards to price & time who knows.
But yes, 3-in-a-row, time to walk the dog maybe, cheers pal


And here's the 19:45 chart-time candle final flush, and right at the green Weekly S3 wow, no immediate support there lol, and a place/line I rarely see on a chart.
(was 3.35 AM in the morning where I am lol)

.
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  • #10,069
  • Dec 8, 2023 5:13am Dec 8, 2023 5:13am
Quoting TimeTells
{quote} Hi turnip, Good advice. Three in a row though, maybe he could tweak his method application or his trader interpretation of the method, in regards to price & time who knows. But yes, 3-in-a-row, time to walk the dog maybe, cheers pal And here's the 19:45 chart-time candle final flush, and right at the green Weekly S3 wow, no immediate support there lol, and a place/line I rarely see on a chart. (was 3.35 AM in the morning where I am lol) . {image}
Hi TT
Re -your G/J - I had a look at the UK early session and thought I saw shades of Burke !!
Levels denoted by yellow arrows, for example, Third arrow shows break down and then push up. I noted the usual inverted triangle there ( use left hand highs to seek break on the right side). Marked BRN's and moved from 15 minute chart, to 5 minute then 1 minute for execution.
This was a demo trade since I am not trading today but was struck by your chart and the levels etc. Roadmap is still the final arbiter.
If my analysis is faulty please let me know, always willing to learn more.
Oh -and kevins squirrel box featured
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every Saint has a past. Every Sinner has a Future
  • #10,070
  • Edited 7:21am Dec 8, 2023 5:55am | Edited 7:21am
Quoting venkatredy
Andy atleast help in finding about grinding days
Quoting TimeTells
{quote} {quote} {quote} {quote} Great responses to Venka guys, we all trying to help. Yesterday was such a perfect grind example So here's my two cents worth also Venka for what it's worth.
The point is that you as a trader with your risk capital has to decide what style of trading is suitable for YOU.

If you are going to try a new strategy then test, test & test again until you understand all the positives & negatives of the method.

Don't be impatient, learning how the market behaves at market opens, previous days, weeks, months, highs & lows, Round numbers, Pivots, ADR etc.

Would you go into a Bullring to fight a Bull without at least spending some time learning the skills or just dive in & hope for the best.

Georges method is one style of trading, it's not the only one out there.

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It never gets easier, you just get better
  • #10,071
  • Dec 8, 2023 6:22am Dec 8, 2023 6:22am
Quoting Shabs19
{quote} The point is that you as a trader with your risk capital has to decide what style of trading is suitable for YOU. If you are going to try a new strategy then test, test & test again until you understand all the positives & negatives of the method. Don't be impatient, learning how the market behaves at market opens, previous days, weeks, months, highs & lows, Round numbers, Pivots, ADR etc. Would you go into a Bullring to fight a Bull without at least spending some time learning the skills or just dive in & hope for the best. Georges method...

Hi Shabs,

Very true.

*** Could you maybe edit your post to include a quote from Venka so that he will see your post as he should be the one to read this I reckon in his journey.

(I'm out & done, it's a Friday, had a beer and gonna watch some mayhem hopefully in a little over an hour with the NFP. NOT trading anymore this week though lol)


(edit, crikey, I was gonna say the bull had the bigger nuts hahaaa. But then saw the matador so, nup, the matador definately has the bigger ones doin' that lol)
  • #10,072
  • Dec 8, 2023 6:31am Dec 8, 2023 6:31am
Quoting turnip15
{quote} Hi TT Re -your G/J - I had a look at the UK early session and thought I saw shades of Burke !! Levels denoted by yellow arrows, for example, Third arrow shows break down and then push up. I noted the usual inverted triangle there ( use left hand highs to seek break on the right side). Marked BRN's and moved from 15 minute chart, to 5 minute then 1 minute for execution. This was a demo trade since I am not trading today but was struck by your chart and the levels etc. Roadmap is still the final arbiter. If my analysis...
Hi turnip,
Looks a fine analysis to me sir.

I like the RNs myself as the market floats them for sure.
They do NOT however have any way of moving price just in & of themselves of course.
It is what OTHER traders might do around them that I would then watch, up OR down or all around .
All the best pal
  • #10,073
  • Dec 8, 2023 6:42am Dec 8, 2023 6:42am
Quoting TimeTells
{quote} Hi turnip, Looks a fine analysis to me sir. I like the RNs myself as the market floats them for sure. They do NOT however have any way of moving price just in & of themselves of course. It is what OTHER traders might do around them that I would then watch, up OR down or all around . All the best pal
That's a given TT but you will not be surprised that many people think levels, Fibs, Elliot lines, maths etc etc, have MAGIC qualities. Crowds etc - like you said, "What they do around them. You observe them - the crowd. I don't always get it right and never will but if I watch price around lines I can at least wait before taking a trade and get out when action around levels proves my trade to be incorrect. Waiting and watching, then acting with a stop already in place.
AND.....
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every Saint has a past. Every Sinner has a Future
  • #10,074
  • Edited 12:55pm Dec 8, 2023 7:40am | Edited 12:55pm
Quoting venkatredy
Andy atleast help in finding about grinding days
A Grinding Day is what I would call an inside day, or IB (inside bar the opposite of an engulf pattern)..

The market open, high, low & close all remain contained within the previous days range high to low (or Bar/Candle), where there is
consolidation of price. Maybe market is waiting for News, or an opportunity for professionals to fake traders and build
liquidity for themselves.

There are plenty of indicators that would do this work for you, so observe them and see if you can exploit to your own benefit.

Edit: Let me add IB's occur on all timeframes as markets are fractaL
It never gets easier, you just get better
  • #10,075
  • Dec 8, 2023 9:59am Dec 8, 2023 9:59am
Quoting TimeTells
{quote} I was gonna say the bull had the bigger nuts hahaaa. But then saw the matador so, nup, the matador definately has the bigger ones doin' that lol)
The Matador Special

A man travels to Spain and goes to a restaurant near the bull arena for a late dinner. He orders the house special and he is brought a plate with potatoes, corn, and two large meaty objects. "What's this?" he asks?

"The Matador Special, Senor," the waiter replies.

"What meat is it?" the man asks.
"Cojones," the waiter explains, "They, are the testicles of the bull who lost at the arena this afternoon."

At first the man is disgusted; but being the adventurous type, he decides to try this local delicacy. To his amazement, it is quite delicious. In fact, it is so good that he decides to come back again the next night and order it again. This time, the waiter brings out the plate, but the meaty objects are much smaller.

"What's this?" he asks the waiter.
"The Matador Special, senor," the waiter replies.

"No, no," the man objects, "I had the Matador Special yesterday and it was much bigger than this."
"Senor," the waiter explains, "the bull does not always lose."
It never gets easier, you just get better
  • #10,076
  • Dec 8, 2023 6:36pm Dec 8, 2023 6:36pm
Quoting Shabs19
{quote} The Matador Special A man travels to Spain and goes to a restaurant near the bull arena for a late dinner. He orders the house special and he is brought a plate with potatoes, corn, and two large meaty objects. "What's this?" he asks? "The Matador Special, Senor," the waiter replies. "What meat is it?" the man asks. "Cojones," the waiter explains, "They, are the testicles of the bull who lost at the arena this afternoon." At first the man is disgusted; but being the adventurous type, he decides to try this local delicacy. To his amazement,...
Classic hahaa
  • #10,077
  • Dec 8, 2023 6:39pm Dec 8, 2023 6:39pm
Quoting Shabs19
{quote} A Grinding Day is what I would call an inside day, or IB (inside bar the opposite of an engulf pattern).. The market open, high, low & close all remain contained within the previous days range high to low (or Bar/Candle), where there is consolidation of price. Maybe market is waiting for News, or an opportunity for professionals to fake traders and build liquidity for themselves. There are plenty of indicators that would do this work for you, so observe them and see if you can exploit to your own benefit. Edit: Let...
It's just another forex word narrative of course.

george used to call it a Grinder when the market would essentially flow ONE-WAY only, past a likely stop & reverse point, and keep moving against reversal traders only allowing mini pullbacks at times but not enough to fully return price to source where a trader could exit at BE or for profit.

The market essentially would GRIND a trader into submission lol.

So, grinder, just another word narrative with a few extra connotations of course.
  • #10,078
  • Dec 8, 2023 10:02pm Dec 8, 2023 10:02pm
Quoting TimeTells
{quote} It's just another forex word narrative of course. george used to call it a Grinder when the market would essentially flow ONE-WAY only, past a likely stop & reverse point, and keep moving against reversal traders only allowing mini pullbacks at times but not enough to fully return price to source where a trader could exit at BE or for profit. The market essentially would GRIND a trader into submission lol. So, grinder, just another word narrative with a few extra connotations of course.
Hi TT,
Looks like the concept known as trend. A slow moving many candled trend. Grinding the retail reversal focussed in the process.

Separation identifies the concept of trend quite well perhaps. Could get one into a trade a day early perhaps. Hindsight, yes love it yes.

Cheers...
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  • #10,079
  • Dec 8, 2023 10:25pm Dec 8, 2023 10:25pm
Quoting FocusWinReal
{quote}
Hi TT, Looks like the concept known as trend. A slow moving many candled trend. Grinding the retail reversal focussed in the process. Separation identifies the concept of trend quite well perhaps. Could get one into a trade a day early perhaps. Hindsight, yes love it yes. Cheers... {image}


Whipsaws above the blue guppys the day before but not on the day you show. Honest trend in play that day yes.
This could all help Venka maybe from his question back here

Quoting venkatredy
{quote} Andy u may had faced distraction with some members . But u may not believe since 2019 i am being trying to understand where i am missing the actual point in George method. george tell to trade reversal when target is taken out, How can we identify is it fully reversal or retracement
If V asks would you share your parameters to "him" perhaps as he is trying to reverse trade based on tma_true indi at the wrong spots.
If he asks, of course.

all the best FWR
  • #10,080
  • Dec 8, 2023 11:57pm Dec 8, 2023 11:57pm
Thank u Andy, Shabs, Pete, Kelvin for expressing your view and knowledge ,
I will adopt my own way of trading .
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