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  • #2,001
  • Jul 3, 2022 11:49am Jul 3, 2022 11:49am
Quoting moodybot
{quote} Open up a chart, H4, draw a line showing where price is now. Look above the line and find the very next weekly high that is unbroken. Continue looking for subsequent weekly highs, greater than the previous, so building up a grid of lines Then do the same for the weekly lows. These would be the long term targets. Pete and Kevin have both shown charts with Daily High/Lows and previous day High/Lows, all of them are targets. Price will move between them and will take them out, in doing so setting fresh targets.
small doubt moodybot as you mentioned to mark day,week high/low in above post.
do day, previous days open/close price should be marked like pete?
  • #2,002
  • Edited 4:13pm Jul 3, 2022 3:24pm | Edited 4:13pm
Hi guys,

I think that many people find this concept explained on this thread difficult because they are very general, is talk about a lot about how the market works and the mechanics of the market and how important are targets and how to place targets. But until B.Williams talked about market structure and specially Bluesteele explained how he trades very little was talked about how to actually trade the targets theory.

Look the way I see it, you guys have been telling on this thread that is all about targets, go to the charts and place a target above price and one below the actual price and that price will attack one of this targets, the only thing that this means is that price will go up or down, so guess what, that is not saying anything new. If I tell to a person that has never traded before and ask him to open a chart and tell him you see the price and tell him tomorrow the price will be either above or below the current price, he will probably tell me No shit sherlock!!!!! I can see that the price moves up and down without knowing anything about markets. What Im trying to say is that you guys talk about a lot of theory on market mechanics and this is how the markets work, and this is just the mathematics of the markets and so on, you guys probably have your strategy and you have probably very good strategies and make a lot of money, but sorry to say by saying that the markets are easy and just look for targets above and below price you in reality are saying nothing just that the price will go up or down!!!!!

I'm not saying that targets are not valid, I believe they are, they can be used to get out once the price reaches them or they can be used as fakeouts like Bluesteele show it a few charts back that he mentions how exactly does he traded it. Targets are nice but they are only 50% of the strategy if you use it for exits, what about the direction of the market (which target is going to be targeted first) for example and so on an on an on

I think that some people here have a lot of knowledge about the markets and instead of being clear are doing like George use to do talk in riddles like if he was talking about some magical thing instead of talk straight to the point and sorry to say I know that many people here admire him, he was talking shit there was not need to be like that if you want to help people, help people and explain things instead of talking about 6 dimensions and all that riddle bullshit

Guys if you want to share the knowledge I believe that will be very appreciated by everyone but I have to say that it was more interesting when you guys were fighting with ryu jejejejeje

Kind regards
  • #2,003
  • Jul 3, 2022 5:32pm Jul 3, 2022 5:32pm
Quoting Frag8383
Hi guys, I think that many people find this concept explained on this thread difficult because they are very general, is talk about a lot about how the market works and the mechanics of the market and how important are targets and how to place targets. But until B.Williams talked about market structure and specially Bluesteele explained how he trades very little was talked about how to actually trade the targets theory. Look the way I see it, you guys have been telling on this thread that is all about targets, go to the charts and place a target...
Frag

There is no method here.

This thread is a follow up to Real or Algo which was a thread that I opened up as a discussion for thoughts on whether the market was real, or just an Algo derived market.

For those that felt the market was controlled by an Algo the targets, George, were becoming all to obvious as a feature of that Algo.
George had a way of setting up his targets, Pete and Kevin have since moved that theory on.

Pete trades Asia into London open so tends to trade within a range, Kevin trades US open and so the range may well have expanded through London. Two entirely different ways to trade. I like to wait for a breakout then reversal of a major target. That's three.

So everyone is different, based on location, preferred trading instruments, whether scalping, swing trading etc. Just too many variables.
The one thing we have on our charts are the targets. Price absolutely moves in a systematic manner, revisiting and resetting.

Its up to the individual to take what they feel comfortable with and develop their own way.
I use Peak High Low, with my own interpretation that suits me, along with 3 day cycle theory and the targets so I look for a bias to trade direction, Pete trades up/down sideways depending on how the targets are set for a given day and Kevin still checks the runes but that's a moot point.

I feel that the info given on here by Pete, Kevin and BW and others is second to none, thought provoking and entirely honest. You'll rarely see that anywhere else, certainly not on other threads/forums, Youtube channels. They all have an agenda somewhere. There are exceptions, but after greater than 10 years of sniffing them out, I know that If I'm in need of some info or help, I'll re-read this thread, Georges and Real or Algo.

Cheers

Andy
  • #2,004
  • Jul 3, 2022 5:50pm Jul 3, 2022 5:50pm
Quoting Frag8383
Hi guys, I think that many people find this concept explained on this thread difficult because they are very general, is talk about a lot about how the market works and the mechanics of the market and how important are targets and how to place targets. But until B.Williams talked about market structure and specially Bluesteele explained how he trades very little was talked about how to actually trade the targets theory. Look the way I see it, you guys have been telling on this thread that is all about targets, go to the charts and place a target...
Hi Frag,

Appreciate your thoughts and candor.... I will agree to disagree on the personal comments towards others
I will say that George never taught "how to trade" Trading is highly individual with endless ways to trade and endless nuances. His motive was to get
people to THINK...and to try to understand the way the market moves...Its not just up and down its how price reacts to these Targets or levels.
And so much more.

Targets..what are targets ? They are simply price. PRICE whether its a ROund number..prev daily high or a preceding sessions low etc etc..
How do I know when a target is SET...by TIME...Time of day of session is absolutely crucial in trading. Know when to trade and when not to trade.
As for targets..they can be both the beginning and the end of the trade...Targets can be either ENTRY and/or EXIT... Methodologies differ..

What it seems yoour looking for is more of a "how to" and thats perfectly fine...we all get that....
BUT
We are not educators we are traders. I simply am not inclined to teach others.. But I will share thoughts and charts and ideas...
and answer when I can..

My best advice is (ahh I see MoodyBot repied..follow his advice) But I must say if you want to really dig into the way I trade...
I trade extremely similar to Stacey Burke.. Uncannily similar...hes on youtube and puts out a pile of content free.. He is the real deal...

So for the mechanics of my trading watch some of his videos...I also incorporate some elements of Lauras Roadmap
https://www.forexfactory.com/thread/...o-read-markets

Heres a video from today or yesterday... I HIGHLY recommend EVERYONE WATCH IT... Stacey trades PFHS PFLs Highs Lows etc etc..
exactly what this thread talks about...He trades from the Outside...Not in the wash or the Matrix... If anyones serious about learning about
the markets and TARGETS..Study Stacey bottomline. All your questions are anwered there..

Sincerely hope this helps
Blue

Charts start around 5:30 in
Inserted Video
Master your Mind,,,Master the Market
  • #2,005
  • Edited Jul 4, 2022 4:13am Jul 3, 2022 7:38pm | Edited Jul 4, 2022 4:13am
Quoting venkatredy
Thank u moody bot for replying to my post Already i did the same as you mentioned but problem for me is draw down , Some trades i am in profit and some trades my stop-loss hits due to early entry, As i am from India i cant trade Forex as it prohibited from india so i had to trade stock and indies , so in our India indies no option to hedge, I request you to share some valuable suggestion with pics if possible.
Quoting Frag8383
Hi guys, I think that many people find this concept explained on this thread difficult because they are very general, is talk about a lot about how the market works and the mechanics of the market and how important are targets and how to place targets. But until B.Williams talked about market structure and specially Bluesteele explained...
Hi venkatredy and Frag and to all those who ask this question how I trade.

Earlier I wrote that I trade value strategy, buy when price is under-valued, sell when price is over-valued, no trade when price is at fair value. Instead of show my live trades(entry, stop-loss, exit), I showed and explained about how targets mark value boundaries and this important understanding of value intent which is tied in with correct and complete understanding of market structure.(I've made plenty of market structure live calls on FF in the last 2 years)

If we know the value intent then we can extrapolate this knowledge to know if current price is over or under-valued. That's why I wrote that the main problem people face is they have no idea about value intent because they have not acquired the deep and complete understanding about market structure, their understanding is given by someone else. (Read my latest conversation with deano who wrote the complete picture).
https://www.forexfactory.com/thread/...5#post14052745
https://www.forexfactory.com/thread/...8#post14052768
https://www.forexfactory.com/thread/...1#post14052811

Imagine if the trader buys at over-valued price or sells at under-valued price.

I do mark targets under 50pips but I don't trade them even when I'm sure of the value intent, there're reason why not - that's a seperate discussion. I mark targets from 1m up to month chart and set the markings to be seen on the relevant time frames. I use the lower tf for entry that's why I mark them.
Quoting BWilliam
The minimum target distance is 50pips.
Why 50 pips target?
The currency pairs that I trade has an adr between 100-150pips. 50pips is 50-66% of adr. I don't trade currency pairs that're too small or too large. There're reasons why not, that's a seperate discussion.

Example of target too large.
https://www.forexfactory.com/thread/...8#post14031208

Here're some markets I might trade,
https://www.forexfactory.com/thread/...8#post14050708
https://www.forexfactory.com/thread/...6#post14051156
https://www.forexfactory.com/thread/...4#post14030584
Last GY example is the most difficult because it's a large target for intraday trading.

Here I explained the thought process. I repeat this same process every trading day which start an hour before Frankfurt.
https://www.forexfactory.com/thread/...9#post14022219

When price move towards ?? I begin to assess the market value for over/under-valuation.
https://www.forexfactory.com/thread/...8#post14029188

Hi venkatredy, I wrote about drawdown here.
https://www.forexfactory.com/thread/...5#post14051115
Quoting BWilliam
... Proper market structure understanding ties in directly with the question which target. Without accurate, complete and universal market structure knowledge(HH, HL, LH, LL) it becomes difficult to answer this question - which target?
Quoting BWilliam
edit - price "grinds" because market is recalibrating the macro fair value.
Lastly, you don't have to be accurate with entry if you know market intent and buy in the buy hemisphere, sell in the sell hemisphere. Pinpoint accurate entry is way over-rated that comes with a negative cost - a seperate discussion. The real problem is traders have no idea if current price is in the buy or sell hemisphere.

***simple solution is incompatible for a huge complex financial market. That's why I wrote, trade the small market segment that you're good at. Example delta traders.
https://www.forexfactory.com/thread/...5#post14051165

A summary of what I wrote and a description of how I swing trade intraday.

Happy Trading everyone. Cheers
Know what you trade
  • #2,006
  • Jul 3, 2022 9:31pm Jul 3, 2022 9:31pm
Quoting Frag8383
What Im trying to say is that you guys talk about a lot of theory on market mechanics and this is how the markets work, and this is just the mathematics of the markets and so on, you guys probably have your strategy and you have probably very good strategies and make a lot of money, but sorry to say by saying that the markets are easy and just look for targets above and below price
you in reality are saying nothing just that the price will go up or down!!!!!

Hi Frag,

What you suggest is quite back-to-front in my mind, sorry, as to me the actual message regarding (George's) Swing Targets is then being quite misunderstood.

As it was NOT an idea promoted to advise that price will NEXT either go UP or DOWN (like some form of signal service).

The target theory message as I read it was to show ONLY that price is going to A SOMEWHERE.

That was my understanding of George's message on targets, regardless of whether we trade TO the target or as a reversal AWAY from the target.

That price IS going to an actual somewhere.

(And NOT just a "random horizontal line" located anywhere or everywhere on charts, that some traders mistakenly thought).

However, many traders who read target theory don’t want to know the REAL theory .
They seem to only want to know what will be the NEXT immediate DIRECTION of price.

That is a limitation in the thinking, of us as traders, imho.


IF the next price DIRECTION was a perfectly KNOWN occurance, and always,
then HOW could any trader fail with their trade and why then would anybody be reading ANY thread on forex.


So we next get into the Mechanics of the Market
which have been alluded to on many occasions
which, as I see it, is actually only the FUNCTION of the market/s (not HOW and to WHERE price is actually moved)

AND which, again imho, is to ensure that the NEXT KNOWN direction of price is quite clouded.
(This is often achieved by what I call the pea & shell game).


Once a trader puts in the time to work out why price goes in one direction NOW instead of the OPPOSITE, then they are on their way to surviving in the market.
(and the direction, next, is not always what either a technical or fundamental analysis would suggest for the "bigger" picture ahead of where price is moving).

We have had read many predictions of upcoming price direction on this and other threads.
And when price can ONLY go up or down (after inflection) how do many traders get their trades into trouble with incorrect directional trades.

CLUE, it is not the market.

(ie There is NO one way of trading/method/system that can guarantee the 'known direction' of price next as that is the NON-random design of our markets imo).
  • #2,007
  • Jul 3, 2022 10:43pm Jul 3, 2022 10:43pm
Dear Frag and RickM,

pardon if I disturb this thread with my post and especially because I never show my portofolio or my track record or live trade.
And probably my post seems like too much talk and nothing proof at all.
I accept it and I apologize if my post don't help much especially you, Munchie or Venkatrendy.

Because of my own life principle, I don't have to prove anything to anyone (very personal)
And also about trading, actually theres many style and many variable and many interpretation in the market and ourself that simply one can't explain like if this happen then do that format. Or if that happen, then do this. And so on

And if we read very carefully on George, Jason, Andy, Pete and Steve post, they give clues that they need LONG TERM process for UN-LEARN and RE-LEARN their road less traveled journey as a MATURE TRADER and re-build their metaprogram unconciouslly and by HARD-WORK. Its not easy to come on CORRECT AND COMPLETE LEVEL understanding

AND its NEED TIME.

And yes I accept, i do not do WALK THE TALK in your standart
I,m LAZY MAN, maybe

ofc i'm not master trader, and to be absolutelly honest i'm NOT trader
I'm just cheerleader here

I only have 75 USD (starting capital) as a trader and trade ALWAYS with 0,01 lot.
I'm very below your level in this PAL and gang of Flying Dutchman .

I'm in very limited condition financially and geopolitically here in my country (can't explain exactlly that)

And i realize my big mouth here.
And I am sorry for that.

Next, i will restrict and limit my post here.
Because I feel dont have real value to contribute better
And let me say THANKS BIG and my GRATITUDE for ALL member here
Cheers


THANKS FLYING DUTCHMAN
  • #2,008
  • Edited 11:34pm Jul 3, 2022 11:16pm | Edited 11:34pm
Quoting deanyakobs
Dear Frag and RickM, pardon if I disturb this thread with my post and especially because I never show my portofolio or my track record or live trade. And probably my post seems like too much talk and nothing proof at all. I accept it and I apologize if my post don't help much especially you, Munchie or Venkatrendy. Because of my own life principle, I don't have to prove anything to anyone (very personal) And also about trading, actually theres many style and many variable and many interpretation in the market and ourself that simply one can't explain...
Hi Deano, just want to point out that account size means nothing. In my years of trading experience, I have met traders with 6figures and 7figures accounts, especially when I traded with the bucket shop in the '90s, I see them face to face everyday. Ofc everyone followed such big account traders profiting 5-10k and more per trade making consistent profit day after day, week after week, year after year - he made loads of money, Ofc he's right. Until the bad times happen. Because of flawed knowledge that no one questioned.(if you frequent the casinos you get a better understanding about follow the guy who made millions)

It's the traders knowledge that is important to us, we can learn from. Not his account size, or his profits. With hard work you'll get there in your own time. Lift your head up high mate, you're just as good as anyone of us here.

And if a trader made loads of $$$, will he tell on FF? Cheers
Know what you trade
  • #2,010
  • Jul 3, 2022 11:44pm Jul 3, 2022 11:44pm
Quoting BWilliam
{quote} you're just as good as anyone of us here.
  • #2,011
  • Jul 3, 2022 11:44pm Jul 3, 2022 11:44pm
Quoting BWilliam
{quote} Ofc everyone followed such big account traders profiting 5-10k and more per trade making consistent profit day after day, week after week, year after year - he made loads of money, Ofc he's right. Until the bad times happen. Because of flawed knowledge that no one questioned.(if you frequent the casinos you get a better understanding about follow the guy who made millions) It's the traders knowledge that is important to us, we can learn from. Not his account size, or his profits. With hard work you'll get there...
Thank You sir Jason
Best Regards
  • #2,012
  • Jul 3, 2022 11:47pm Jul 3, 2022 11:47pm
Quoting FXsniper111
{quote} Have not posted much here last year,but this i need to adress.....Bullshit,bullshit and more bullshit.....You say nothing with nothing...lol
Buy US500 till Friday's H.
Please give us some goodshit.
  • #2,013
  • Jul 3, 2022 11:49pm Jul 3, 2022 11:49pm
Quoting FXsniper111
{quote} Have not posted much here last year,but this i need to adress.....Bullshit,bullshit and more bullshit.....You say nothing with nothing...lol
When a student is ready to learn and seeking the truth, the Sauron and troll brigade also coming.
Hi ...hi ... take it easy FXsleeper911
  • #2,014
  • Jul 4, 2022 12:06am Jul 4, 2022 12:06am
Have minimized Fxsniper.
Brings nothing to the table and just one of Ricks mates.
Just ignore.
  • #2,015
  • Jul 4, 2022 12:10am Jul 4, 2022 12:10am
Quoting deanyakobs
Dear Frag and RickM, pardon if I disturb this thread with my post and especially because I never show my portofolio or my track record or live trade. And probably my post seems like too much talk and nothing proof at all. I accept it and I apologize if my post don't help much especially you, Munchie or Venkatrendy. Because of my own life principle, I don't have to prove anything to anyone (very personal) And also about trading, actually theres many style and many variable and many interpretation in the market and ourself that simply one can't explain...
Keep posting mate, its a discussion thread not a cock swinging contest.
For that there is a link to a thread that has been moved to the Journals section.
I'll post a link if anyone wants it.
  • #2,016
  • Jul 4, 2022 12:24am Jul 4, 2022 12:24am
Quoting moodybot
Have minimized Fxsniper. Brings nothing to the table and just one of Ricks mates. Just ignore.
hahaha,Brings nothing to the table.......Atleast i trade sometimes.....This taken just now,20 min ago,a hour before FFO...entry ok,but out to quick as always...lol...I show you mine if you show me yours Moody...
Attached Image (click to enlarge)
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Insanityoing same ting over expecting different results..Einstein
  • #2,017
  • Edited 12:53am Jul 4, 2022 12:29am | Edited 12:53am
Quoting FXsniper111
{quote} hahaha,Brings nothing to the table.......Atleast i trade sometimes.....This taken just now,20 min ago,a hour before FFO...entry ok,but out to quick as always...lol...I show you mine if you show me yours Moody... {image}
Like I said, you want to enter a cock swinging contest.
I'll post a thread where you can compare sizes.
Here it is.
https://www.forexfactory.com/thread/...xaubtc-trading
I'm sure you're familiar with it.

Out of interest, why would anyone be trading US30 on July 4th Sunday Evening North American time.
  • #2,018
  • Jul 4, 2022 1:17am Jul 4, 2022 1:17am
Quoting deanyakobs
Dear Frag and RickM, pardon if I disturb this thread with my post and especially because I never show my portofolio or my track record or live trade. And probably my post seems like too much talk and nothing proof at all. I accept it and I apologize if my post don't help much especially you, Munchie or Venkatrendy. Because of my own life principle, I don't have to prove anything to anyone (very personal) And also about trading, actually theres many style and many variable and many interpretation in the market and ourself that simply one can't explain...
Hi deanyakobs

The problem of trading with just $75 USD is even 0.01 is too big a trade size - and if you lose a trade, FEAR of losing more will destroy you.
You will never be able to let a draw down grow very far. You cannot beat your broker trading so small so save your money.

Here is what you should do if you want to release the burden of fear from you trading a small account - CHANGE WHAT YOU ARE TRADING

Do you want to trade a market that produces 3 times the profits that forex can?
Do you want to trade a market that has half the risk of losing any trading setup?
Do you want to trade at a time that suits you, not what the market tells you is best?
Do you want to trade all week with only a $10 account?

Put your $65 into your bank account and don't touch it, sign up to a Crypto exchange with your $10 USDT coins and trade Derivatives.

Its all you need to learn the Crypto trading game, and if you can't double your money in a short time - I send you $10 USDT for you to try again.
Seriously that's a promise.

GUESS WHAT "VOLUME IS FREE"
Trading thin liquidity at the boundary of the charts
  • #2,019
  • Jul 4, 2022 1:55am Jul 4, 2022 1:55am
Quoting RickM
{quote} - I send you $10 USDT for you to try again. Seriously that's a promise. GUESS WHAT "VOLUME IS FREE"
Hello $10, that's bloody stingy from you who should be raking in million of $ from those shit coins.
  • #2,020
  • Jul 4, 2022 2:19am Jul 4, 2022 2:19am
Quoting mixedbags
{quote} Hello $10, that's bloody stingy from you who should be raking in million of $ from those shit coins.
I am just making a point that you can trade Crypto with multiple positions, hedge the hell out of a draw down if you like - with only $10.
You get to experience the frill of trading a live account without any real capital loss if you stuff it up.
You get to PLAY with coloured lines, fanny indy's and still can't lose much - all for the price of a Latte from a nice coffee shop.

First trade on Crypto tonight trading spikes BW absolutely fears. I mean who doesn't like a quick prick.
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Trading thin liquidity at the boundary of the charts
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