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Flying Dutchman

  • #3,481
  • Sep 23, 2022 10:59am Sep 23, 2022 10:59am
Quoting FulMargnAlch
{quote} Holy flying spaghetti. The lines even overpowered the black void, I'm just a man with simple dreams. This is some multiverse and multidimensional sh*t of the caliber of CrucialPoint (who has million on his account but traded using specialized indicators that he will bring to his grave). And here I thought BWilliam's open lines and demarcations (mean) and closing (intent determiner) are crazy. Everyday in FF we get something even crazier, and cryptic of course (with added 10 pages of psychology rivaling even Freud and Carl Jung ). LOL Now...
Here is a larger grid so you don't go blind:
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MY GRID. Markets are NOT random.
  • #3,482
  • Sep 23, 2022 10:59am Sep 23, 2022 10:59am
Quoting tonyb123
{quote} All I can do is Carl Jung Grid is adjustable, Dave likes the smaller moves so it is more lines.
I see. Quite interesting. But the graphic quality seems to even destroy my worn-out eyesight.
The market hides a perfect geometry.
  • #3,483
  • Sep 23, 2022 11:36am Sep 23, 2022 11:36am
Meanwhile - in a parallel universe - Cable does a "pump and dump"

Enjoy your weekend folks
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every Saint has a past. Every Sinner has a Future
  • #3,484
  • Sep 23, 2022 5:34pm Sep 23, 2022 5:34pm
Quoting OAPDave
Been asked to re-post these Charts To see how they are drawn see B Williams post 2720 page 136 ps If you need any more help, just ask Dave {image} {image} {image}
So basically, you are trading from openline and until price is rejected from a level (reversal).
The market hides a perfect geometry.
  • #3,485
  • Sep 23, 2022 7:13pm Sep 23, 2022 7:13pm
Candlestick, candle pattern and PA traders get offended with what I wrote. It was meant to disturb your comfort zone.

If you check my earlier post, I wrote I track candle and candlestick pattern. I can't trade without them. That's what I see on my phone. I wrote repeatedly a thousand times now.

The problem is the candle and candlestick pattern you were taught is grossly misleading, that make no logical sense. It's so popularly ingrained by nice sweet gurus that the indoctrination is impossible to erase - that's why I wrote I don't talk about it on FF.

Read everything I wrote to make sense what shit I wrote on this thread, there's no contradiction, zero contradiction. Just that your mind is already bounded by years of indoctrination that the only way you interpret my posts is through automatic indoctrinated understanding. It's not that I don't tell, instead I wrote with carefully chosen words, carefully chosen charts, carefully chosen trades to deliver the message correctly. This is the limit I post on forum.

Enjoy the weekend. Cheers
Know what you trade
  • #3,486
  • Edited 8:02pm Sep 23, 2022 7:38pm | Edited 8:02pm
Quoting turnip15
Meanwhile - in a parallel universe - Cable does a "pump and dump" Enjoy your weekend folks {image}
Hi Turnip, this post is not to criticise or offend.

In my first few years of Forex trading I saw this pump and dump activity. I question myself, why can't I see this in real time, there's so much money to make from these pump and dump activity so many littered on our chart on all time frames? Omg, look at the 1m chart I'll be rich, I thought - I was obsessed with p&d, it's my secret gateway to the millions.

It took me many years more before I realise what's the real problem.

Questions,

1. How do we know how high this pump ?

If you read ryuryu posts he use distance which is the usual strategy. Distance is a statistical inference. Are you psychologically comfortable trading statistical metrics that has a statistical expected value? What if the pump is an abnormal outlier, do you use cost average money management strategy? Most traders do that. Have you considered this one time the black swan outlier is so large it exposes the account to risk of ruin, which is made worse if the trader use large leverage? I'm sure we all have experience such harrowing experience many times. We can't see black swan, else it won't be black.

2. How do you know there's a dump coming in the future? A reversal is a pump with no dump. How can you tell the difference?

That's why ryuryu wrote line traders are lying, not real traders. This is the factual point he tried to deliver, it got obfuscated by his rudeness.

Years ago, after many years chasing shadows I had to be totally honest with myself, I don't know. I spent years pondering this 2 points that I reasoned the only way to answer both questions is to go to the core find out,

Why price move up or down?

Every trading strategy has this similar 2 problems. Be aware.

Cheers
Know what you trade
  • #3,487
  • Sep 23, 2022 8:20pm Sep 23, 2022 8:20pm
Quoting BWilliam
{quote} Hi Turnip, this post is not to criticise or offend. In my first few years of Forex trading I saw this pump and dump activity. I question myself, why can't I see this in real time, there's so much money to make from these pump and dump activity so many littered on our chart on all time frames? Omg, look at the 1m chart I'll be rich, I thought - I was obsessed with p&d, it's my secret gateway to the millions. It took me many years more before I realise what's the real problem. Questions, 1. How do we know how high this pump ? If you read ryuryu...
Not too offend you BW.. But you simply dont know what your talking about.. If you did you would know the answer and Im not about to give it away with this kind of nonsense you have posted. You can ponder all yo want for years upon years.. If you dont know what your looking for you will never find it.. And thats where you are..

Do you have any idea what "real" traders are ? Ones that use lines ? I guess not....

So there ya go you have gotten what you wanted...You have elicited a response. We all know thats the game.
I would highly suggest newer traders take what BW says with a big grain of salt... Just my "experienced" opinion

Cheers
Blue

How many more edits do we have to sift thru ?
Master your Mind,,,Master the Market
  • #3,488
  • Sep 23, 2022 8:52pm Sep 23, 2022 8:52pm
Quoting BWilliam
{quote} Hi Turnip, this post is not to criticise or offend. In my first few years of Forex trading I saw this pump and dump activity. I question myself, why can't I see this in real time, there's so much money to make from these pump and dump activity so many littered on our chart on all time frames? Omg, look at the 1m chart I'll be rich, I thought - I was obsessed with p&d, it's my secret gateway to the millions. It took me many years more before I realise what's the real problem. Questions, 1. How do we know how high this pump ? If you read ryuryu...
Nobody hell knows, that is why we comfort ourselves with lines, indicators, and money management.

We do not know Will. Do you know?

If you're implying that market is random then good. Back to ignorance is bliss. Money management to the rescue, odds in our favor sh*t again as described by Mark in "Trading in the Zone".
The market hides a perfect geometry.
  • #3,489
  • Edited 11:44pm Sep 23, 2022 9:33pm | Edited 11:44pm
Quoting bluesteele
Not too offend you BW.. But you simply dont know what your talking about.. If you did you would know the answer and Im not about to give it away with this kind of nonsense you have posted. You can ponder all yo want for years upon years.. If you dont know what your looking for you will never find it.. And thats where you are.. Do you have any idea what "real" traders are ? Ones that use lines ? I guess not.... So there ya go you have gotten what you wanted...You have elicited a response. We all know thats the game. I would highly suggest...
No offence taken.

Quoting FulMargnAlch
Nobody hell knows, that is why we comfort ourselves with lines, indicators, and money management. We do not know Will. Do you know? If you're implying that market is random then good. Back to ignorance is bliss. Money management to the rescue, odds in our favor sh*t again as described by Mark in "Trading in the Zone".
This is a sensitive topic that members get offended and insulted.
I wrote earlier, there are taboo topics that's not allowed to discuss on FF, people get offended.
Don't members at least ask why not.

Read the 2 separate replies, one member claim he knows, the other claim no one know.

Forex traders are separated into 2 large groups.
Somehow at the core, deep down most traders are naysayers.
Go deep enough you find the naysayer.
Just read the cheering and jeering, you know where they stand.
(I wrote this in my earlier post, I'm repeating again.)

Unless the discussion go deep into this level of honesty, there won't be any progress.
If people take offence, there's no possibility to discuss.
Discuss the topic, not the person.

The posts also reveal the person behind the monicker.
I've had my say, things get heated up as usual.
Ofc I'm fully aware the shit I wrote.
BWilliam is marked a forum arsehole troll for what he wrote.
Brutal hard truth hurt.
I won't respond to any replies. Cheers
Know what you trade
  • #3,490
  • Edited Sep 24, 2022 12:51am Sep 23, 2022 9:42pm | Edited Sep 24, 2022 12:51am
Quoting BWilliam
{quote} No offence taken. {quote} This is a sensitive topic that members get offended and insulted. I wrote earlier, there are taboo topics that's not allowed to discuss on FF, people get offended. Don't members at least ask why not. Read the 2 separate replies, one member claim he knows, the other claim no one know. Forex traders are separated into 2 large groups. Somehow at the core, deep down most traders are naysayers. Go deep enough you find the naysayer. (I wrote this in my earlier post, I'm repeating again.) Unless the discussion go deep...
So basically your post just described how ignorant people are?

Thanks.

There is no progress because there are no facts, only opinion about other people.

You could have said why price move up or down, but no, you choose to describe people that do not know this.

Normal person:Price moves up and down because of orders getting filled.

Trolls: Why does price move up and down? This is the problem most of us do not know, if we know this, we are not ignorant, if we are not ignorant we can slay the markets for sure. See the problem. I have posted this a lot of times and keep on repeating myself. People need to open their minds. Every strategy has this flaw, because they cannot determine why does price moves up and down. People need to stop fooling themselves. This is a very sensitive topic, it hurts a lot of ego. People just want to stay ignorant. People do not "do their job" and improve their psychology. That is why we must look into ourselves. We only have ourselves to blame. This overbought/oversold mentality has been feed to us since the beginning. People need to see with their brains, not with their greed. The narrative has hijacked people, they cannot trade sensibly. People are illogical. Is the market random, why trade? Is the market predictable? Then why are you not consistent. People need to open their minds. People need to break the matrix and quantum mechanics of 8th dimension. People...People...People...

or by someone that makes sense to me:

Quoting mzvega
Price is nothing more than an advertizing mechanism. It's its part of the "price discovery process". The Price/ticker/quote is advertizing. It moves to solicit and encourage trade (looking for a response) It moves in search of participants in order to facilitate trade. Different prices at different times attract different TF participants. Price auctions too high in search of sellers and auctions too low in search of buyers. If no orders are placed price will definitely move. That is the purpose of auction markets, to facilitate trade. If no orders are placed price will auction up & down (price discovery) looking for new participants or move to an attractive enough price to get the participants already holding trades to change their position. Price discovery is what gets a specific buyer and specific seller to move from establishing a general price to agreeing on a specific price for their transaction, based on the size of the transaction, location of the transaction, cost of the transaction, and many other factors. It is a dynamic process, and in a way, it is the true mission of any market and any exchange. Price discovery is one of the central functions of financial markets. In the market microstructure literature, it has been variously interpreted as, the search for an equilibrium price (Schreiber and Schwartz (1986)) Price moves because it is a function of the Auction Process……...
Quoting PaulDaemon
{quote} The buying and selling is not what drives the price its the supply and demand. When there is high demand for a currency the the market makers (banks) will drive the price up my increasing the offer. Lets say the current price of AUD/USD is .75000/05. If you want to buy AUD you will be buying it at the banks offer of .75000 plus the .0005 spread. When buyers out number seller the banks will keep on increasing the offer which is what drives prices up. When there is too much supply its reversed and the bank will sell at the bid price.
The market hides a perfect geometry.
  • #3,491
  • Sep 24, 2022 12:33am Sep 24, 2022 12:33am
Hi All, we all have opinions, and we agree to disagree. We have some very knowledgeable traders here, some good philosophers, some who share what they know, some just come to argue, etc. I came to forex factory to get ideas to trade successfully. Honestly i don't give a rats a#$* why price goes up or down. Stats clearly show that trading is not easy, over 80% lose. After years of trying i have got a little strategy that is going ok for me. All through some helpful traders on this particular thread. Just make sure u have a good money management system cos trading is never guaranteed. Most new traders or participants here come to seek knowledge to trade successfully. From my experience on this thread i can say that there are only 5 to 10 traders who will actually help you cos they trade fulltime or for a living. The process of learning never ends. I personally now ignore this psychology stuff and don't want to know why price moves here or there as long as it fits my strategy, i see some confluences and most important i make some profit. Be it my micro account. If i am wrong then i have a decent stop loss to save my account. Its 175 odd pages but it has golden nuggets in them. Trade Well all.
  • #3,492
  • Edited 1:36am Sep 24, 2022 1:12am | Edited 1:36am
Quoting BWilliam
{quote}
Questions, 1. How do we know how high this pump ? A reversal is a pump with no dump.
Why price move up or down?
i will try to respond to your questions based on my 2 years of ICT Extravaganza experience on the notion that price does these:

A. Raids prev high/lows (PFH or Pump in a down trend) - Raid prev lows (PFL dump in a up trend)
B. Retraces back to fill FV gaps - PFH or Pump in a down trend
*** at several times A and B overlaps

C. Expansion - (Dump/Pump - follows the trend i.e., the fundamentals)

these are FVG on my chart of different time frames to helps me follow the price.

In short per ICT Weekly formation high/low (Pump/Dump) mostly formed on a Tuesday/Wednesday
In Down Trend: when price is above weekly/daily open we hunt for sells
In an Up Trend: when price is below weekly/daily open we hunt for buys

M15 chart when there is no near past Data for price to relates to RN 00's(red dotted line) 50's (blue dotted line) helps.
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It is also called Turtle soup by Linda Raschke in her book Street Smart, where as in ICT Michael calls it Juda's Swing.

Michael has learned mostly from Larry Williams below are his three books for weekend read.
Long Term Secrets to Short Term Trading
Trade_Stocks__Commodities_with_the_Insiders
How_I_made_one_million_dollars
(you can easily get these pdfs from telegram links shared in my thread)

regards
bilal
"Exchange of hands"
  • #3,493
  • Sep 24, 2022 1:31am Sep 24, 2022 1:31am
Quoting bilal1947
i will try to respond to your questions based on my 2 years of ICT Extravaganza experience on the notion that price does these: A. Raids prev high/lows (PFH or Pump in a down trend) - Raid prev lows (PFL dump in a up trend) B. Retraces back to fill FV gaps - PFH or Pump in a down trend *** at several times A and B overlaps C. Expansion - (Dump/Pump - follows the trend i.e., the fundamentals) these are FVG on my chart of different time frames to helps me follow the price. In short per ICT Weekly formation high/low (Pump/Dump) mostly...
Thanks Bilal, I was provoking the members to tell their own way how they see this Forex market. I have no opinion about other people's point of view which must be different. Ofc we are all different. The conversation, if members are willing to participate and talk like adults, give other members the chance to see the details instead of broadbrush statements that serve no purpose, and compare all viewpoints, then decide for themselves what best suit them. But such attempts to get the conversation going about sensitive topics tend to offend and anger some members. This negative attitude kill conversation. I seriously hope members see the purpose why I make such provocative post, feel confident about themself and contribute(instead of hide) to this sensitive conversation.

So Bilal, I appreciate much your contribution. Thank you. Cheers
Know what you trade
  • #3,494
  • Sep 24, 2022 1:55am Sep 24, 2022 1:55am
Quoting BWilliam
{quote} Thanks Bilal, I was provoking the members to tell their own way how they see this Forex market. I have no opinion about other people's point of view which must be different. Ofc we are all different. The conversation, if members are willing to participate and talk like adults, give other members the chance to see the details instead of broadbrush statements that serve no purpose, and compare all viewpoints, then decide for themselves what best suit them. But such attempts to get the conversation going about sensitive topics tend to offend...
Hi BW

You're welcome, always ask directly straight and to the point is always helpful. the reason why i didnt respond earlier was twice my questions were ignored so i get the intent for discussion and stay quiet but perhaps today is a different day which needs attention to calm the winds.

regards
bilal
"Exchange of hands"
  • #3,495
  • Edited 2:35am Sep 24, 2022 2:20am | Edited 2:35am
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https://livingstingy.blogspot.com/20...ggressive.html
The market hides a perfect geometry.
  • #3,496
  • Sep 24, 2022 3:22am Sep 24, 2022 3:22am
Quoting bilal1947
Hi BW You're welcome, always ask directly straight and to the point is always helpful. the reason why i didnt respond earlier was twice my questions were ignored so i get the intent for discussion and stay quiet but perhaps today is a different day which needs attention to calm the winds. regards bilal
Hi Bilal, if you read this thread carefully you will notice a clear distinction what is not allowed to discuss on forum, the sacred cows. I am now fully convinced about what's obliquely imposed on this forum by the crowd stays. Ofc I understand the reason why and I believe there are other silent lurkers who do understand as well. So this is my last post and comment on this sensitive topic. Cheers
Know what you trade
  • #3,497
  • Sep 24, 2022 5:14am Sep 24, 2022 5:14am
Quoting BWilliam
{quote} Hi Bilal, if you read this thread carefully you will notice a clear distinction what is not allowed to discuss on forum, the sacred cows. I am now fully convinced about what's obliquely imposed on this forum by the crowd stays. Ofc I understand the reason why and I believe there are other silent lurkers who do understand as well. So this is my last post and comment on this sensitive topic. Cheers
I dont agree perhaps what is missing are charts, take screenshots from mobile and see things will change here.
"Exchange of hands"
  • #3,498
  • Sep 24, 2022 7:44am Sep 24, 2022 7:44am
There's been some really great posts by various members on this board, that's for sure.
Many years ago when I was backtesting my scalping strategy I used a program called Forex Tester. It was ok, had a few quirks that took getting used to. I'm at a stage where I'd like to backtest some ideas again but I'm totally out of touch with the current range of options. I want it to be visual as in replaying speeded-up charts... Not just an excel spreadsheet type way.
Any recommendations would be most appreciated.

Regards
DM
  • #3,499
  • Sep 24, 2022 7:51am Sep 24, 2022 7:51am
Quoting Danger-Mouse
There's been some really great posts by various members on this board, that's for sure. Many years ago when I was backtesting my scalping strategy I used a program called Forex Tester. It was ok, had a few quirks that took getting used to. I'm at a stage where I'd like to backtest some ideas again but I'm totally out of touch with the current range of options. I want it to be visual as in replaying speeded-up charts... Not just an excel spreadsheet type way. Any recommendations would be most appreciated. Regards DM
sent you dm. backtest it. its a good strategy/system
  • #3,500
  • Sep 24, 2022 7:51am Sep 24, 2022 7:51am
Quoting Danger-Mouse
There's been some really great posts by various members on this board, that's for sure. Many years ago when I was backtesting my scalping strategy I used a program called Forex Tester. It was ok, had a few quirks that took getting used to. I'm at a stage where I'd like to backtest some ideas again but I'm totally out of touch with the current range of options. I want it to be visual as in replaying speeded-up charts... Not just an excel spreadsheet type way. Any recommendations would be most appreciated. Regards DM
Use Tradingview. You can replay the chart.
The market hides a perfect geometry.
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