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  • #10,201
  • Feb 28, 2024 9:25pm Feb 28, 2024 9:25pm
Quoting whitesta
Hi All, Over 50 pips drop (GBP/JPY). Waiting for a reversal. 190.25 and weekly pivot looks very appealing. *reversed - 25 odd pips but i missed the train. Just didn't look an A+ setup to me. Also take a look at AUD/USD, quite similar??
The AUD/USD is quite different in nature when compared to GBP/JPY and it is a lot slower in my opinion BUT as Timetells mentioned..station to station..it did take the path of like GBP/JPY.
  • #10,202
  • Feb 29, 2024 6:22am Feb 29, 2024 6:22am
@bluesteele
Hi Kevin,
Just thought I would post this oil chart I was messing about with because we spoke about oil a while ago.
Seems a good option and alternative to indicies lately. I will pay more attention to this commodity especially now that I may be focusing on UK afternoon/US open for a while.
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every Saint has a past. Every Sinner has a Future
  • #10,203
  • Feb 29, 2024 8:07pm Feb 29, 2024 8:07pm
3 steps of around 40 pips each done on GBP/JPY...are we looking for a reversal?
  • #10,204
  • Feb 29, 2024 8:27pm Feb 29, 2024 8:27pm
Quoting whitesta
3 steps of around 40 pips each done on GBP/JPY...are we looking for a reversal?
Certainly a potential zone, however, there is a daily zone just above. Let's see how PA plays out.

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Success = Practice + Patience + Persistence
  • #10,205
  • Feb 29, 2024 9:19pm Feb 29, 2024 9:19pm
Quoting fxpider
{quote} Certainly a potential zone, however, there is a daily zone just above. Let's see how PA plays out. {image}
Yes for our eyes only...I did not enter any trade cos only confluence was RN but not Time. I mostly trade first 2 hours of any session. It could have worked for 5 pips or so, quick in quick out. I am sure Timetells must have been on it..lol. Could still work though.
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  • #10,206
  • Feb 29, 2024 9:42pm Feb 29, 2024 9:42pm
Quoting whitesta
{quote} Yes for our eyes only...I did not enter any trade cos only confluence was RN but not Time. I mostly trade first 2 hours of any session. It could have worked for 5 pips or so, quick in quick out. I am sure Timetells must have been on it..lol. Could still work though. {image}
it did not give me any entry yet from my TF perspective. However, I shorted UJ, and waiting for EJ and GJ to lead me.
Success = Practice + Patience + Persistence
  • #10,207
  • Mar 1, 2024 4:20am Mar 1, 2024 4:20am
Hi there Blue
A few months back I was looking at the charts you posted and wondered what the three small trendlines in a move were
Finally sussed they are three pushes down or up
Do you put a fair bit of weight in them?
Just wondering if i'm on the right track
Thanks mate
Jon
  • #10,208
  • Mar 1, 2024 4:49am Mar 1, 2024 4:49am
Lazy question I know Blue,apologies
Watching gbpjpy now and it looks like a small stop hunt below asian range but maybe only two pushes down on the 15min
Guess my question is would you put more weight on the stop hunt or the lack of three pushes (if I'm reading it right)
Cheers mate
Jon
  • #10,209
  • Mar 1, 2024 4:57am Mar 1, 2024 4:57am
Scrub all that Blue
Couple vodkas too many
Got my session lines wrong
we're nowhere near the bottom of the asian range
I'll get me coat
  • #10,210
  • Mar 1, 2024 6:45am Mar 1, 2024 6:45am
Quoting turnip15
@bluesteele Hi Kevin, Just thought I would post this oil chart I was messing about with because we spoke about oil a while ago. Seems a good option and alternative to indicies lately. I will pay more attention to this commodity especially now that I may be focusing on UK afternoon/US open for a while. {image}
Morning UK times - nice trades on Roadmap Kevin ?
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every Saint has a past. Every Sinner has a Future
  • #10,211
  • Mar 1, 2024 9:00am Mar 1, 2024 9:00am
Quoting Life Oriley
Scrub all that Blue Couple vodkas too many Got my session lines wrong we're nowhere near the bottom of the asian range I'll get me coat
Cheers ! Nothing like a good Ceasar made with some fine Canadian Vodka Double Dark and Dirty preferably....I digress.....

All good ORiley.... I dont put a lot of stock in just 3 pushes...When it aligns with Levels..Daily market levels and Timing then it peaks
my interest... BUt i would not enter a trade solely on that... I will try and pop some charts up and explain a bit further for ya.

All the best !
Blue
Master your Mind,,,Master the Market
  • #10,212
  • Mar 1, 2024 9:00am Mar 1, 2024 9:00am
Quoting turnip15
{quote} Morning UK times - nice trades on Roadmap Kevin ? {image}
Yes Sir !

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Master your Mind,,,Master the Market
  • #10,213
  • Mar 1, 2024 11:01am Mar 1, 2024 11:01am
Quoting bluesteele
{quote} Yes Sir ! {image}
Your comment on chart , "0930 forward" refers, I think , to the hourly box - 7am to 8am UK time- break out for a nice long?
That hourly box often delivers nice breaks. Thanks for the annotated chart kevin.
every Saint has a past. Every Sinner has a Future
  • #10,214
  • Edited 8:00pm Mar 1, 2024 5:02pm | Edited 8:00pm
Quoting whitesta
{quote} Yes for our eyes only...I did not enter any trade cos only confluence was RN but not Time. I mostly trade first 2 hours of any session. It could have worked for 5 pips or so, quick in quick out. I am sure Timetells must have been on it..lol. Could still work though. {image}

Strangely enough hahaa I only traded the GU yesterday, just once in Asia then a long break lol doing alternative stuff to trading then, till back for the pre-Franky / London open session for another 2 quick trades for +16p on the day.

The GU itself was caught up pre NY in a tight 13 pip range above the .250 RN and below the Month PP at .382 at the time, and it was inside that 13 pip range that i took my 16p profit (trading WITH the market, not as reversal).

I do not have set rules, so my trades are not really understood I guess (entries I mean) even if posted, as it is all discretionary with me based on my own 'personal training' over the years following george's excellent advice regarding the market and 'targets'.

To do this I used a Trade Simulator that I can set as tick by tick on a TF of choice (TF not changeable in between unfortunately but i got used to that) so I was always watching the market move in real time (with delta) to see what the market does with targets when they are at a distance, are approaching or then landing on the targets., ie what comes next.

The Simulator does NOT paint just each single candle BY candle, it shows the delta moves in between the start AND finish of all candles by tick movement from your own broker feed (so I use a different and more 'accurate imho' live broker feed for my template while i use another live broker to actually trade with as that method works best for me I have found.

The first "live action" Simulator I used was called "training2.exe" and can be found on the well known external Mql platform for free.

The simulator I prefer now was developed by a FF member called "The Original Stategy Tester v6xxx .exe",
where you can search on FF & try it on just ONE pair for free, forever, or pay a modest amount for the full pair usage package.
I have no link or involvement with either simulator in any way.

So I only mention what I do rather than what you as a trader should or might do,
each to the own as they/we learn & balance their/our own education in trading currencies or indices etc.

It's a minefield out there, always is when trading or gambling money is on the the line. Sharks abound, so be careful.


Anyway, back to my old staple GBPJPY.
Day by day, station to station
(ie trader attractors, and I am NOT a pivot trader but I like to see where those traders & others might enter OR exit to see what the market does AFTERwards)
(can trade TO the attractors as well, but where & why ? well the simulator helped me in that watching it tick by tick and at what TIME/SESSION it proved worthwhile)

GJ yesterday

.
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  • #10,215
  • Edited Mar 2, 2024 5:47am Mar 1, 2024 5:40pm | Edited Mar 2, 2024 5:47am
Forum for conspiracy theories? Well, I have one if it even is a conspiracy anymore.

Why does the price move in patterns, because indeed it does!?

I'll bet that if one is able to foresee which pattern would be next on the chart by picking up the clues that one would be ahead of the price itself.
Price isn't reacting to anything... the path is already determined and price will make sure it gets to its destination sooner or later. Then, another goal is set.

If you're not crazy, you're not normal!

Let's continue...

Now, let's say that price doesn't have a predetermined path, but it just a consequence of something else. Consequence of what?
Perhaps of volume? I don't think so... see, these patterns prove there is an order in all of this disorder.

Everything is a pattern... from human behaviour to price action... aha! Is price action a consequence of human behaviour?
If it is, that's great! Human behaviour is almost always the same, almost the same. Patterns are almost always the same, almost the same.

Predict the pattern and you'll see the future.

I'd like to just add that patterns may just be an anomaly that we're making sense of.
Okay that's for patterns.

Now, what I really think is going on is that there is no supply and demand or whatever it's called... it's algorithm. What is actually really interesting about this is that this algorithm moves the price precisely where it needs to and somehow on top of that manages to manipulate every TF to its perfection (closing candles exactly where it needs to). This is what I think is the case after trading for 3 years now. It's hard not to notice how precise this thing is EVEN on the news data like for example NFP or CPI. Even on this news data the algorithm hits exactly where it needs to if price is about to reverse.

*Important candles will open and close perfectly, but only important ones.
  • #10,216
  • Mar 1, 2024 5:55pm Mar 1, 2024 5:55pm
Quoting Whatevs
Forum for conspiracy theories? Well, I have one if it even is a conspiracy anymore. Why does the price move in patterns, because indeed it does!? I'll bet that if one is able to foresee which pattern would be next on the chart by picking up the clues that one would be ahead of the price itself. Price isn't reacting to anything... the path is already determined and price will make sure it gets to its destination sooner or later. Then, another goal is set. If you're not crazy, you're not normal! Let's continue... Now, let's say that price doesn't...

Hi whatevs

You seem to be on the right path, but if I may be so bold as to suggest (just from my own experiences & thoughts on this subject) maybe missing just a few of the subtleties of the market operations.



I agree that the market is always going ‘somewhere’ (to a target imho).

Where traders get flummoxed imo is the “path in between” which drives many traders (and the industry in some circumstances lol) to determine it must all be just random.

The key to understanding the full process I believe is the “aggregation” of all the trades (I mean retail in this instance) as the aggregation must take place (again imo) as else WHO is taking the opposite side to all our (winning lol) trades.

When that aggregation is considered in its fullness then the subsequent rotational aspect of market movement (including the larger Bermuda Triangle moves), and certainly mostly when outside the major session opens when there was a prior influx of prime trades in the real interbank market is best seen.


However, market is random =NO. Also a direct move straight to the target = NO

After that, each trader will need to work out their own best method for trading the ups & downs (and even the tight ranges).


Then, whatevs, you might also like to have a quick look at Andy’s (Moodybot) other thread on FF
- Real or Algo -
for some past discussions on this fascinating topic.

https://www.forexfactory.com/thread/992929-real-or-algo

all the best sir
  • #10,217
  • Mar 1, 2024 9:27pm Mar 1, 2024 9:27pm
Quoting Whatevs
Forum for conspiracy theories? Well, I have one if it even is a conspiracy anymore. Why does the price move in patterns, because indeed it does!? I'll bet that if one is able to foresee which pattern would be next on the chart by picking up the clues that one would be ahead of the price itself. Price isn't reacting to anything... the path is already determined and price will make sure it gets to its destination sooner or later. Then, another goal is set. If you're not crazy, you're not normal! Let's continue... Now, let's say that price doesn't...
Just some thoughts.

Price (or the illusion of price) is a closely guarded, closely controlled pre-programmed algorithm which has but one intention and that is to convince people to gambl.. err participate in a particular controlled misdirection.

It achieves this in the most efficient way possible, and we see this as patterns on the chart.

Ask one self why different combinations of currency pairings show similar patterns, the difference only in the magnitude.

By changing the magnitude and timing between different pairs gives the illusion of a real market.

Can I prove this nope, but then would someone show me two different markets that do not show the same moves as on other pairs or indeed with just other time frames.

Same repeatable pattern, fractal, very very difficult to trade, but if it’s not an Algorithm, then the coincidence is ….,,

The Elite do not give money away, ever!

Andy
  • #10,218
  • Mar 2, 2024 1:53am Mar 2, 2024 1:53am
Quoting moodybot
{quote} Just some thoughts. Price (or the illusion of price) is a closely guarded, closely controlled pre-programmed algorithm which has but one intention and that is to convince people to gambl.. err participate in a particular controlled misdirection. It achieves this in the most efficient way possible, and we see this as patterns on the chart. Ask one self why different combinations of currency pairings show similar patterns, the difference only in the magnitude. By changing the magnitude and timing between different pairs gives the illusion...
A complex topic for us average ones and my only post on it.

The fx market is fragmented. There is the settlement algorithm CLS.
There are forwards, swaps, spot etc... International business using currencies traded off one another and long-term agendas etc. Norwegian pension fund (will they defend a level? perhaps.) etc... Commercials vs speculators etc. Electronic day traders in video game contexts or real prime of prime liquidity controlled contexts etc...
With respect to multiple algorithms (tracker, sweeping and shortfall algorithms) the trade-off is market risk vs market impact.

I cannot see how one (1) algorithm can carry-out all of the fragmented parts of the FX market being multiple trillions in size. If it is CLS for settlement? ok understood. The elite have made money from taxation and the petro dollar system. wars etc... which is the order, not from fleecing retail traders directly.

Pattern recognition is easy for human nature, it's what we do. Mixed with some education from the right sources perhaps there are opportunities.

All the best.
  • #10,219
  • Mar 2, 2024 5:43am Mar 2, 2024 5:43am
The thing is... when someone creates a system which very efficiently predicts price movements, then it's hard for algo to escape or produce any move that would baffle us, because we saw it coming. If one doesn't have a great system in work, then understanding what we here are talking about will be hard or perhaps even outright impossible.

I'll just say it's nearly impossible this is some random buying and selling... there is NO WAY this is the case, otherwise I don't know if one would be able to make money in FX... maybe? I think the charts would look like shit (price action)...

As George said already: " The market is GOVERNED by ONE POWER ONLY ,,,,,, not a collective group,, as it is too precise in its behaviour to be moved a group of large powers ,,, as each party will be looking after their own interest and will NOT come to agree on the one thing collectively so exact ,,,, That is how i feel its action"

This is exactly how I feel about this. Too damn accurate.

Thanks for sharing your thoughts fellas!

*One more thing! Can I see the future?? No, I can't! However, if algo feeds the system with enough data, then I can make a good guess of where the price is heading next. One of the most important things to look at is where the candles are closed.

If price movement was random, then nothing would work and yet... it does. So, price movement isn't random.

However genius this thing is, it also has its fault, otherwise we would never be able to see the near future.
  • #10,220
  • Mar 2, 2024 6:05am Mar 2, 2024 6:05am
hello there, im just wondering if anyone can help me with MacBook for metatrader 4. I have a MacBook and mt 4 loaded on it, but suddenly the data window and the terminal, also the market area isnt next to the chart but it opens separately in front of the chart as a whole window, which means I can't drag and drop indicators or expert advisors directly on the chart coz they aren't next to each other anymore, I want it next to the chart as usual does anyone have any idea what to do thanks
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