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Flying Dutchman

  • #661
  • Sep 1, 2021 12:43am Sep 1, 2021 12:43am
Quoting RickM
{quote} Hi Ihlas I just see patterns that can be manipulated at will by big players. I prefer to read live data and only be concerned about what’s happening at this very moment. Cumulative delta is increasing Delta is Green Go Long till delta turns Red Cumulative delta is decreasing Delta is Red Go Short till delta turns Green Cumulative delta is increasing Delta is Red Go Short only on very large Red Delta volume Big players destroying Retail Sellers, go Long if order book imbalance blows out more than 2 to 1 in favour of Bids. Cumulative delta...
Hi RickM,
Thank you for your explantion on this matter one more time. No, you didn't complicate it.
  • #662
  • Sep 1, 2021 7:49am Sep 1, 2021 7:49am
GU: Buy the dip is OK
AUDNZD: I was wrong and and right (not in the middle)LOL. Hopefully it won't close between the red lines.
  • #663
  • Sep 1, 2021 10:43pm Sep 1, 2021 10:43pm
I could swear that old Caleb is having a conversation with himself on his new non-starter!
  • #664
  • Sep 2, 2021 2:10pm Sep 2, 2021 2:10pm
Quoting RickM
{quote} Hi giselle Don't get me started or I will discuss delta till the cows need milking. My opinion is the Daily chart offers no valid information to judge cumulative delta data. Try looking at M5 or M15 as a viewpoint to better understand what is happening. I think its better to just study cumulative bar charts as they are easier to understand and trade. Can I say that trading Cumulative Delta by itself isn't of much value unless you know how price is being manipulated. There is 15 methods to manipulate the market, my strategy involves establishing...

would be nice to know which are the 15 ways of manipulations you know for compare it with mine/others knowledge
  • #665
  • Sep 3, 2021 12:44am Sep 3, 2021 12:44am
Trading is common. Understanding is rare. Therefore it is upon the understanding rather than upon the trading that trader should dwell.

Bacarat mansion
  • #666
  • Sep 3, 2021 10:04pm Sep 3, 2021 10:04pm
Quoting deanyakobs
Trading is common. Understanding is rare. Therefore it is upon the understanding rather than upon the trading that trader should dwell. Bacarat mansion
Hi deano, allow me to attempt to explain further this topic about understanding in this Forex market. I try my best although I'm bad at explanation.

Traders in general are hard wired to look for reasons why such and such happen. Reasons help traders understand then they believe in it.

Example, last night there's the nfp numbers where the dollar weakened due to such and such fundamental analysis conclusion.

To the volume analysis trader there's such and such volume delta pattern therefore the usd weakened.

To the orderflow traders there's such and such orderflow pattern that showed decrease demand therefore the usd weakened.

The common ground hardwired in our psychology is the requirement for causality.

We dig deeper to understand that there's a difference between correlation and causality. This video explains the misconceptions.
Inserted Video


There are rules to qualify for causal relationship. This video list them out.
Inserted Video


I posted this Feyman video on Andy's other "real or algo" thread. The analogy of this understanding problem in Forex trading is found from 3.53 onwards.
Inserted Video


Feyman explains the difference between knowing and understanding. In Forex trading, is knowing the accuracy of the calculations more important or understanding the cause and effect of price movement?

This final Susskind video explains the math philosophy behind the calculations. In his words "physics is about prediction, to predict from the present, predict future from the past..."

Pete, this is the answer to your question that you asked on "real and algo" thread.
Inserted Video


I hope these series of videos help explain the topic about understanding this Forex market.

Cheers. Happy weekend.
Know what you trade
  • #667
  • Edited 10:13pm Sep 4, 2021 9:54pm | Edited 10:13pm
Quoting BWilliam
{quote} Hi deano, allow me to attempt to explain further this topic about understanding in this Forex market. I try my best although I'm bad at explanation. Traders in general are hard wired to look for reasons why such and such happen. Reasons help traders understand then they believe in it. Example, last night there's the nfp numbers where the dollar weakened due to such and such fundamental analysis conclusion. To the volume analysis trader there's such and such volume delta pattern therefore the usd weakened. To the orderflow traders there's...
So if we learn how to predict the weather we need to know :
1. How the weather change in time ? , and
2. How the weather changes in space ?

And correlation IS NOT causation and Nakamoto KNOW that so he want US to think wrong (indirectlly) by being quiet in his side.

So deep He corrupting our mindset indirectlly, but our solution is self awareness and to question everything

Yes, Random Walk theory, Efficient market hypo, Supply-Demand things is another conditioning typo for us..

And when my flower tell me that : " Price behaviour IS controlled totally by extraterestrial algo my conditioning mind scream very loud: Don't trust your flower Dean, but trust the highly education world.

And Nakamoto even tell me :
Hi Dean, erase that "controlled totally and globally'" words from you vocabulary. It ain't gonna happen.

Believe that the market is decentralized and supply demand is real driver. It is make sense, right !

Before He go to swim , He give last word: CORRELATION IS ALWAYS CAUSATION. Remember : BWilliam is liar.

Uups
Goosebump all over my door here.
  • #668
  • Edited 11:24am Sep 5, 2021 8:51am | Edited 11:24am
Quoting deanyakobs
{quote} So if we learn how to predict the weather we need to know : 1. How the weather change in time ? , and 2. How the weather changes in space ? And correlation IS NOT causation and Nakamoto KNOW that so he want US to think wrong (indirectlly) by being quiet in his side. So deep He corrupting our mindset indirectlly, but our solution is self awareness and to question everything Yes, Random Walk theory, Efficient market hypo, Supply-Demand things is another conditioning typo for us.. And when my flower tell me that : " Price behaviour IS controlled...
Hi deano, more goosebumps for you.

Feynman is the maverick who challenged conventional wisdom. His curiosity drives him deeper and deeper into the hierarchy of things which manifest into a myriad of real phenomena from simple rules. Things beyond what we know is where history does not repeat itself, history is fundamentally irrelevant. I am far more interested in the things I don't know than the things that I know.

7.28 in first video.
4.15 - 5.29 in second video.
Inserted Video

Inserted Video
Know what you trade
  • #669
  • Edited Sep 6, 2021 11:04am Sep 5, 2021 10:15pm | Edited Sep 6, 2021 11:04am
Dear PIP miner

To increasing the GUT, i find the first step is WAITING factor. To always weigh the entri Risk and make sure that entri is above 90% probability success.

Second : is mastering the self doubt by drill correct self belief and calming my "inner voice".

Third : reduce leverage

Fourth : Journaling all of "WHY" analysis and Entries filter analysis (Mr. G entri probability enhancer) on the past.

The rest and the MAIN are HUMILITY (never never ASSUME) and PATIENCE at all time . They are A MUST.

Focus and only goal is maintenance all above and ALWAYS MINIMIZE my mistake.

Just for me
Everyone is different
In their own path to find their own best success

Just trying to be the best looser
in my own world
  • #670
  • Sep 5, 2021 10:34pm Sep 5, 2021 10:34pm
I just checked this thread after being away for a while. Why the sudden interest in theoretical physics? Or theoretical physicist?
  • #671
  • Sep 5, 2021 10:49pm Sep 5, 2021 10:49pm
Quoting deanyakobs
Dear PIP miner To increasing the GUT, i find the first step is WAITING factor. To always weigh the entri Risk and make sure that entri is above 90% probability success. Second : is mastering the self doubt by drill correct self belief and calming my "inner voice"........

Just trying to be the best looser in my own world
Awesome post deano! Big thumbs up.

Your last sentence make my day.
Know what you trade
  • #672
  • Sep 5, 2021 11:24pm Sep 5, 2021 11:24pm
Quoting GEfx
I just checked this thread after being away for a while. Why the sudden interest in theoretical physics? Or theoretical physicist?
No, no, no
Just ignore Mr. GEfx

Its all about brainstorming and talking my looser mind.

Pardon
  • #673
  • Edited 12:12pm Sep 7, 2021 9:02am | Edited 12:12pm
I post these last 2 videos of Susskind talking about Feynman. I felt it important to complete the series of theoretical physics videos. The Feynman solution tricks stand out.

Inserted Video


Inserted Video


After watching these video series I finally understand the true meaning of this famous quote.

Cheers.
Attached Image
Know what you trade
  • #674
  • Feb 7, 2022 1:53am Feb 7, 2022 1:53am
Been awhile...Pete in excellent form, BWilliam hopefully out of retirement.
EUR Group either single pairs or as a basket starting to look like a reasonable short may be on the cards, H1.
No setup as yet, but possibly from tomorrow.
If I do see a setup that floats my Dutchman I'll post a chart... and watch it get destroyed either by price or Pete or both...
Patience is the key word...at least by how I look for setups.
Toodlepip.
  • #675
  • Feb 7, 2022 1:52pm Feb 7, 2022 1:52pm
Stole this from another thread, I'm sure Pete wont mind.
Quick check of price and yep, took out his target.
Pete has provided pics like this in this thread, my old thread and elsewhere, in his own time, with little to no thanks.
Before the event, not after.
The market performs the same dick dance on a constant basis.
All pairs.
George was the instigator in how to work out the targets, the first one to actually get people thinking!

A discussion happening elsewhere has boiled down to who has the highest education and can out perform each other.
Unfortunately that leaves me out so I'll just carry on as normal.
Back in the day barrow boys would perform as well as the most highly of educated traders.
Pete isn't a barrow boy, far far from it, but he does put up his charts, he opens his zipper!

The wordsmiths don't.

Too clever to see what's right in front of them.


https://www.forexfactory.com/attachm...1&d=1644230551
  • #676
  • Feb 7, 2022 2:02pm Feb 7, 2022 2:02pm
Quoting BWilliam
I post these last 2 videos of Susskind talking about Feynman. I felt it important to complete the series of theoretical physics videos. The Feynman solution tricks stand out. https://youtu.be/6Waurx8e-1o https://youtu.be/ldfUAzRMs_k After watching these video series I finally understand the true meaning of this famous quote. Cheers. {image}
Nice Quote

" Insanity is doing the same thing over and over again and expecting different results"

Albert Einstein where do you think he is now?
Stalker...
  • #677
  • Feb 7, 2022 2:12pm Feb 7, 2022 2:12pm
Quoting NotSoHard
{quote} Nice Quote " Insanity is doing the same thing over and over again and expecting different results" Albert Einstein where do you think he is now?
Correct.
The forex market does the same thing over and over again as demonstrated by Pete, 99% see this and then expect a different result!
  • #678
  • Feb 7, 2022 3:36pm Feb 7, 2022 3:36pm
Hi Andy, cheers pal, early morning here so I'm still shaking out the cobwebs.


What you say about the repetitive nature of Forex (charts) is quite correct imho, AND observational.

Just not readily observational BAR by bar on each timeframe, which is the common trap.


It is the "biggest" picture a trader should be looking for initially imo.

THEN we can bring ourselves down into smaller views to identify potential trade entry points.

This can be done mathematically or visually, if we have our starting point to work from.


And that starting point is the hardest part for all new traders, and I am not an educator so I cannot advise (just show charts as you say).

There is plenty of info floating about on forex to start the thought processes flowing.

Just don't trade LIVE first for real money YET, is what I would suggest to any new traders.
  • #679
  • Feb 7, 2022 3:41pm Feb 7, 2022 3:41pm
Quoting TimeTells
Hi Andy, cheers pal, early morning here so I'm still shaking out the cobwebs. What you say about the repetitive nature of Forex (charts) is quite correct imho, AND observational. Just not readily observational BAR by bar on each timeframe, which is the common trap. It is the "biggest" picture a trader should be looking for initially imo. THEN we can bring ourselves down into smaller views to identify potential trade entry points. This can be done mathematically or visually, if we have our starting point to work from. And that starting point is the...
Sound advice Pete.
Forex is a routine, just find a routine that fits, and stick to it.
No need to pay for anything, start with Georges thread, and put the time in.
  • #680
  • Feb 7, 2022 7:22pm Feb 7, 2022 7:22pm
Quoting TimeTells
Just don't trade LIVE first for real money YET, is what I would suggest to any new traders.
Hi Pete, that's a good advice you give to wannabe traders. Most people won't follow though, they tend to believe learning comes from doing and doing it for real. If you don't trade live account it's not learning. Perhaps it's true to an extent.

From experience I find there's a balance between researching and trading live account at the same time. It's a 80:20 ratio for me whereas 20:80 is the norm. For the latter you get the common situation of under-research in many cases. Ofc when I started it was 20:80.

Many people dive into trading live account for a living because of the need to pay bills. While research per se does not give immediate reward. Research is only for those who do it with intellectual conquest as a goal. There don't exist this need to earn a wage from trading Forex.

If you read my earlier posts I delve into this subject about research work and actual trading for a living. I specifically pointed out not to trade Forex for a living. Especially when there's not enough effort and time invested in research - 80:20 ratio.

People tend to believe that the trader learns more from trading live account. Whereas there's less learning from research work. I believe otherwise, the 80:20 rule. Oh well, here I rattle the chain again in these 2 paras.

There're 2 parts to learning - Gather knowledge and acquire skills to execute. Most people skip the first part and take trading as entirely the second part. Battle hardened live account traders excel in part 2. It's 80:20 ratio for me. Once this process is done and completed only then we commit real funds into trading this Forex market.

There's lots to chat about on this subject. This post is already pretty long. And not yet complete, just touch the surface. I just felt the need to write in more detail as a discussion among us who are interested to share our experience. (No "guru" stuff, just chatting in a discussion - got to write this clarification, lol)
Know what you trade
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