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  • #10,661
  • Sep 30, 2024 11:20pm Sep 30, 2024 11:20pm
Hey Guys, I've been reading through the page and I can't understand anything.

Do you guys know of good books or study materials for these stuff.
  • #10,662
  • Sep 30, 2024 11:25pm Sep 30, 2024 11:25pm
Quoting TimeTells
{quote} Hi Dave, ALL charts look great to me, thank you, as they give us an insight into how others view the market (which helps everybody then, I believe) I honestly believe you would in the end LOVE the simulator on your MurreyM charts. For mainly seeing how the candles approach & then leave your eighths lines and at what time of the day (session or opens) which may open up another window of interest all the best Pete (ps in regards to your 20 year chart model, which I loved, I found the one where the "all time" high & low price was used. I wont...
Think you may be well right about the Simulator
I have enough Grid Styles in my tool box to have some fun
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  • #10,663
  • Oct 1, 2024 12:18am Oct 1, 2024 12:18am
Quoting OAPDave
{quote}
Think you may be well right about the Simulator I have enough Grid Styles in my tool box to have some fun {image} {image} {image} {image} {image} {image} {image}


Keep an eye on the price & time as well maybe.
The where & when they make the major moves.
(they had some fun just then at the London open , with the fake up starting in Franky)
All the best Dave, enjoy.
  • #10,664
  • Oct 1, 2024 12:24am Oct 1, 2024 12:24am
Quoting TimeTells
{quote} Keep an eye on the price & time as well maybe. The where & when they make the major moves. (they had some fun just then at the London open , with the fake up starting in Franky) All the best Dave, enjoy.
Yes you do after keep the 1 minute handy when the shops open
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  • #10,665
  • Oct 1, 2024 12:29am Oct 1, 2024 12:29am
Quoting OAPDave
{quote}
Yes you do after keep the 1 minute handy when the shops open {image}

Here's a chart of some of the actual physical trader attractors that were in and around the area/zone at the time.
All known & on the chart in advance

.
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  • #10,666
  • Oct 1, 2024 1:06am Oct 1, 2024 1:06am
Quoting TimeTells
{quote} Here's a chart of some of the actual physical trader attractors that were in and around the area/zone at the time. All known & on the chart in advance . {image}
Again yes all pre drawn levels
Like all levels some stronger than others
Its up to us as traders to find the level that tempts us into a trade
I have enjoyed our exchange of ideas and thoughts on our trading charts
But do you think we are now at the risk of
Boring the other members of the thread as no one seems
to want to join in ?
Last one from me unless you indicate differently
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  • #10,667
  • Oct 1, 2024 1:15am Oct 1, 2024 1:15am
Quoting OAPDave
{quote} Again yes all pre drawn levels Like all levels some stronger than others Its up to us as traders to find the level that tempts us into a trade I have enjoyed our exchange of ideas and thoughts on our trading charts But do you think we are now at the risk of Boring the other members of the thread as no one seems to want to join in ? Last one from me unless you indicate differently {image}

Hahaaa, most likely we could
(bore folks in the end, lol ).

I have been calling for other traders to upload their charts for a while and do appreciate seeing YOURS Dave.

We both know where each other is coming from, I imagine, and I could trade from your charts no probs.

Let's see if we can get another input (I need the rest also )

all the best, to all
  • #10,668
  • Oct 1, 2024 1:25am Oct 1, 2024 1:25am
Quoting TimeTells
{quote} Hahaaa, most likely we could (bore folks in the end, lol ). I have been calling for other traders to upload their charts for a while and do appreciate seeing YOURS Dave. We both know where each other is coming from, I imagine, and I could trade from your charts no probs. Let's see if we can get another input (I need the rest also ) all the best, to all
  • #10,669
  • Oct 1, 2024 2:26am Oct 1, 2024 2:26am
Trade of the day PP->R1

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I might be wrong , I have been wrong before
  • #10,670
  • Oct 1, 2024 7:21am Oct 1, 2024 7:21am
Hi TT , it seem MM changes his tactics or may be me loose focus because my prediction mentality.

Back to basic, I remember one of the main lesson from Mr. G is never predict and make assumptions. Always wait the MM show his hand first and foremost in playground

So George teaching is about waiting first when price touch the target and eat all liquidity pool that remain above or below HRM and HSM.

Then we just react and NOT predict. This why George often hammering that he don't care at all which way the MM will move the price.

In other words, Mr. G don't trade TO target but always wait price COME FIRST and TOUCH the target. The risk free way of entry, may be. Always entri on playground with confluence rule.

Am I right ?
Best Regards
  • #10,671
  • Oct 1, 2024 10:20am Oct 1, 2024 10:20am
Quoting TimeTells
{quote} Everything we do & see should work in the end I reckon. So all the methods, all of the systems, all of the chart templates, they all identify “something” meaningful personally for us, in the markets. The only tangible variable in the end, and which is so much personal, I MUST assume, IS JUST US. The final determinator of whether we are successful or otherwise.
It never gets easier, you just get better
  • #10,672
  • Oct 1, 2024 4:17pm Oct 1, 2024 4:17pm
Quoting Akveer
Hey Guys, I've been reading through the page and I can't understand anything.
Do you guys know of good books or study materials for these stuff.

Hi Akveer,

Sorry sir, I missed your earlier post & plea amidst my own chart posting

I am asking now, what more books or material do you need to read about market trading, and for what purpose
As any purpose imho should be NOT "how to trade", but only to understand how the market moves & operates

It is only when the market is moving that traders can win (or lose)
The market likely moves based on liquidity coming in (market orders) and liquidity being removed (TP or SL)
else the market has to search for latent liquidity (limits/stops etc)
Traders job is to assess where AND WHEN that time & place might be
or HAS already happened (recently)

Then we might trade and manage our trade
And when the market is moving, I firmly believe it is moving towards an actual SOMEWHERE (target, station, level etc)

Three posts earlier to yours I gave (you & others)
https://www.forexfactory.com/thread/...5#post15015015
links to trade Simulators where you could just sit back and observe what the market does, in and around your own (or others) templates.

In the meantime my humble suggestion would be NOT to trade for REAL money at all
until you have grasped the process that occurs in ALL markets day after day, week after week and that you can ultimately see on your own charts.

It is doubtful (to me) whether you or anyone will find all that (initially) in books, or even threads such as this one or others on FF

YOU have to find it for yourself (and by yourself imho).
And only then you might begin trading for real if you still wish to continue.

Trade safe, trade well Akveer, and others
(once you/we understand the game we are all playing in)



(ps NO gj chart from me this morning - as it is exactly similar to all & every review chart I have posted in the past months - the market repeats over & over)
  • #10,673
  • Oct 1, 2024 5:05pm Oct 1, 2024 5:05pm
Quoting Shabs19
{quote}
Yeah Mr. Shab, you correct.
Journey of the thy self at the end AND this hidden (unconsciousness layer) is another journal 4 me.
Mr. G already give the market maker journal, as He said, it is US that make it or break it
NOT outside US.

But, I learn myself connecting my weakness and my market observation.

When George said if price pulling away one or two times or more from S or R. That's a clue to set alarm bell as a TARGET. At the same time (in my case) there's already triple top on G/U in 15 minutes.

Unconsciously after price pulling away 100 pips more from third top validation, I JUST take my buy market order aggressively. I get $50 in 1 hour with multiple entries. Then re-entering again w/ buy order.

Then
kaboom ... price moving away and away going down targeting support below and NOT herd resistance as I anticipate.

Lesson learned,
after validating HRM above, MARKET MAKER move the price down with most destructive effect (after pulling away from HRM 3 times and more)

and EVEN there's much stop loss pool clearly building above herd resistance mentality (as triple top or more/stacked).

Market maker choose moving price to south. Unexpected movement indeed.

MY Lesson :

- NEVER ASSUME AND PREDICT even clearly there's TARGET ABOVE

- WAIT THE MM SHOW IT HAND ON PLAYGROUND and wait the price enter strike zone first

- NEVER ever ENTRI ON MIDDLE OF THE RANGE

Thanks you Mr. Shab and TimeTell
Best Regards
Sorry my English look funny
  • #10,674
  • Edited 5:44pm Oct 1, 2024 5:17pm | Edited 5:44pm
May be that's the ART in trading.
Half baked will surface in real time.
Learning well about the psychology of market maker is NOT enough. I MUST learn about myself.

Boundless mindset and instant flexibility at all times is vital. Greedy never win
MM going south fast and not targeting triple top above.
I am not aware that price lingering much on top range, if I could aware that price will expand NEXT to bottom range. (if I choose anticipate mind set)

Not fully aware price range cycle as George said
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  • #10,675
  • Oct 1, 2024 5:57pm Oct 1, 2024 5:57pm
Quoting deanyakobs
May be that's the ART in trading. Half baked will surface in real time. Learning well about the psychology of market maker is NOT enough. I MUST learn about myself. Boundless mindset and instant flexibility at all times is vital. Greedy never win MM going south fast and not targeting triple top above. I am not aware that price lingering much on top range, if I could aware that price will expand NEXT to bottom range. (if I choose anticipate mind set) Not fully aware price range cycle as George said {image}

Hi deany,

Look, it is a tricky game I know,
I will trade discretionary
(means NO set system, method, trade style etc, just whatever market offers at time)

Asia scalp maybe, (did today)
Franky/London swing(s)
New York for runners hahaaa (I am asleep then though)

I am over for the morning now in Asia, but JUST scalping today (for a change, recently) to get feel of the market based on what was happening prior,
Could easily be more pips there, but I don't worry once target achieved.

Back now for Franky / London to see where they might have moved price then (hopefully more setups, but we shall see)
Trade safe, trade well all


.
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  • #10,676
  • Oct 2, 2024 12:01am Oct 2, 2024 12:01am
London Open is nigh upon us.

Prob have to wait 1½hr for the dust to settle depending on which way they go (first)

I might call it a day, over now, do something else (but still watch from afar in the office lol).

All the best to all. Trade 'em well, back tomorrow.

.
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  • #10,677
  • Oct 2, 2024 12:27pm Oct 2, 2024 12:27pm
Quoting deanyakobs
{quote} But, I learn myself connecting my weakness and my market observation.
That's the key word, observation. IMHO.

You must look at targets or structure levels both above and below, as price tests these before turnng around.

These levels have to have some reaction also to validate them.
It never gets easier, you just get better
  • #10,678
  • Oct 2, 2024 5:16pm Oct 2, 2024 5:16pm
Quoting Shabs19
{quote} That's the key word, observation. IMHO. You must look at targets or structure levels both above and below, as price tests these before turnng around. These levels have to have some reaction also to validate them.
The things is, I trade TO target in middle range often (that's problem) without waiting price kiss it and for MM to absorb remained stop loss cool on extreme range

( MM show its hand first on stop loss cluster)
The 'book' said ALL entri based on TARGET.
The essence is wait for confluence.
  • #10,679
  • Oct 2, 2024 8:45pm Oct 2, 2024 8:45pm
Quoting deanyakobs
{quote}
The things is, I trade TO target in middle range often (that's problem) without waiting price kiss it and for MM to absorb remained stop loss cool on extreme range

( MM show its hand first on stop loss cluster)
The 'book' said ALL entri based on TARGET.
The essence is wait for confluence.

Hi deany

Mate nothing wrong imo trading TO a target as well or away from one, just price & time is important as always

Might I suggest though, the “middle” is the trickiest place to enter.
george called that area the “washing machine” (with a lot of around & around agitation, I imagine)

If you do choose to get your trade on in the middle for whatever your methodology reason maybe try that after a pullback/correction.
This would force you to have initial patience
and later no fomo really as if price ran to your target without a pullback then …. who cares, you had right idea … next trade please.

Either way, good fortunes to you sir

For pullbacks, have a look again at Wyckoff’s graphic here to get the idea.
Where that pullback turns up on a live chart of course is not so simple, or even guaranteed, but you will get the idea eventually.

wykcoff graphic is in this post
(better pullbacks are in the markup & markdown stage - but if i find them in a rangestage like accumulation or distribution I might have a shot there as well)
https://www.forexfactory.com/thread/...7#post15008667


Also if you choose the middle then you might best watch for a suitable “market structure trade”
by drawing a horizontal structure line and then watch how price reacts around it on a price return with …
a break, pullback then continuation.

look for Shabs’ …. BOS … then … RETEST … annotated words - for trade possibility areas
https://www.forexfactory.com/thread/...5#post14415835

all the best, as always
  • #10,680
  • Edited 2:12am Oct 3, 2024 2:01am | Edited 2:12am
Quoting deanyakobs
{quote} The things is, I trade TO target in middle range often (that's problem) without waiting price kiss it and for MM to absorb remained stop loss cool on extreme range ( MM show its hand first on stop loss cluster) The 'book' said ALL entri based on TARGET. The essence is wait for confluence.
If it's in the middle then look at where it's come from, if it's going down then likely to continue only pausing or pulling back slightly
to add on more positions. Vice versa if it's going upwards. Provided there is no level or structure in the middle.

The pause or consolidation usually is around a market open or close, so observe reaction & wait for confirmation.

Getting into pullbacks is the best way to get in, rather than breakouts, lower risk & where you could also suffer drawdown before it goes your way.
Of course it could leave without you, but as TT says No FOMO.
It never gets easier, you just get better
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