Flying Dutchman | Page 6 | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

Equity millipede & Flying Buddha trading journal 9 replies

Flying buddah pattern 20 replies

Build an Equity Millipede with the filtered Flying Buddha 171 replies

Flying buddha pattern 12 replies

16/10/'07 - Crude oil and Greenback flying in opposite directions. 0 replies

Attachments: Flying Dutchman
Exit Attachments

Flying Dutchman

  • #101
  • Jul 14, 2021 8:30pm Jul 14, 2021 8:30pm
Quoting TimeTells
{image}
Hi Pete, this is how the detail pics look like at the inflexion zones. Master algo makes the same move everytime mostly in Asia to early London session before crossover.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gum51.PNG Size: 38 KB
Click to Enlarge Name: gum52.PNG Size: 44 KB
Click to Enlarge Name: gum53.PNG Size: 29 KB
Click to Enlarge Name: gum54.PNG Size: 40 KB
Know what you trade
  • #102
  • Edited 9:02pm Jul 14, 2021 8:44pm | Edited 9:02pm
Quoting BWilliam
{quote}
Hi Pete, this is how the detail pics look like at the inflexion zones. Master algo makes the same move everytime mostly in Asia to early London session. {image} {image} {image} {image}

Hi J, welcome back pal, great to see/hear you again.

Love your charts. I spent months looking at the obvious targets, then also maths targets ('big' fibs) and these do me now in my market assessments.

Well, not fully though I wont go into details (everyone has their own methods anyway) but I incorporate some of ParisBoys wave ideas to do what you do in determining where (if we have targets both above & below) is the likely direction for the "session".

For example in the EU chart above I also have a target (below price) in what I choose to believe is the ALGO REPEATING, and that price is 1.17650. (edit: the price above is still 1.18870). Will price go up or down today - well time will tell, later, lol.

(double edit: lol this is why i dont post so much - other than music - note:what I have just written is NOT a signal service - AT ALL - I dont have any targets as the prime objective in any trade - just direction - traders pls understand my post)

You BW might get in on your trades earlier than I, as I wait til around the hour before Franky to see if there is an asia play. Then after London to just before NY open.

Throw me another pair you are looking at now, should you wish, and I will put up an up & down level - as I view it.


(PS remember, less time posting - unless it is charts. Posting can sometimes draw responses tending towards a negative kind which tend to dampen enthusiasm for posting, and can wear away at a traders soul ... ie ... less posting is better imho).
  • #103
  • Jul 19, 2021 7:06pm Jul 19, 2021 7:06pm
Quoting BWilliam
{quote}
Hi Pete, this is how the detail pics look like at the inflexion zones. Master algo makes the same move everytime mostly in Asia to early London session before crossover. {image} {image} {image} {image}

Hi BW,

The EURUSD (algo blue line) repeating target in my post above 1.17650 got reached yesterday.

Friday price was held in a range-bound whipsaw pattern.

Then yesterday morning in Asia price tightened again into an inflection area before its breakout low in London.

After then sitting at that 1.17650 target line, for four hours, price then retraced back to george's target.


.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1 algo stuff.png Size: 27 KB
  • #104
  • Edited 7:25pm Jul 19, 2021 7:07pm | Edited 7:25pm
and the original targets both above & below


edit: and there is also another target lower again sitting at 1.16920

Again, which way will price travel. Wait & see imo, and follow the directional momentum.
.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1 3 days ago.png Size: 21 KB
  • #105
  • Jul 20, 2021 3:34pm Jul 20, 2021 3:34pm
Thanks for the posts Pete.
Looks as though the Algo is still running the targets for you. Who would have thought!!

Elsewhere there is a friendly debate discussing the attributes of rocket science.
Just stepping back, considering the view that we may only be trading an Algo, clears out the log jam.
An Algo programmed to react to news would explain, at least to me, the same pattern seen everyday, every week on every timeframe with just the cycle self adjusting from news data as it sets areas of interest for traders to lose their money.
The news is the crucial element for setting the parameters so as to keep the cycle in time changing, the actual movement follows a well designed but very worn path.

Just my thoughts, but after greater than 10 years playing this game, I really cannot see beyond that.

Andy
  • #106
  • Jul 20, 2021 5:06pm Jul 20, 2021 5:06pm
Quoting TimeTells
and the original targets both above & below edit: and there is also another target lower again sitting at 1.16920 Again, which way will price travel. Wait & see imo, and follow the directional momentum. . {image}
Hi Timetells

If an Algo exists, if an Algo controls price and moves it to points in a chart - it has a memory.

I ask does it look back 18 years ago and remember what happened.

This is the Algo story that need answering.
Attached Image (click to enlarge)
Click to Enlarge Name: eur may.png Size: 95 KB
Trading thin liquidity at the boundary of the charts
  • #107
  • Jul 20, 2021 5:48pm Jul 20, 2021 5:48pm
Quoting RickM
{quote} Hi Timetells If an Algo exists, if an Algo controls price and moves it to points in a chart - it has a memory. I ask does it look back 18 years ago and remember what happened. This is the Algo story that need answering. {image}
No idea regards 18years Rick but 3 ... Yep.

https://www.forexfactory.com/thread/...6#post12900536
  • #108
  • Jul 20, 2021 5:58pm Jul 20, 2021 5:58pm
I have been a student of fundamental analysis for many years, and part of my work and analysis has included listening to, and studying, the words of central bankers from all over the world. I've either read or listened to hundreds of Q&A sessions, new conferences, and congressional committee presentations from Trichet, Draghi, Lagarde, Greenspan, Bernanke, Yellen, Powell, Stevens, Lowe, Shirakawa, Kuroda, etc. All of them have been asked questions about, or made comments on, currency valuations. However, no one has ever asked a question about the forex algo, nor has any central bankers ever uttered the words, "controlling forex algo", or anything vaguely related to this forex algo.

Food for thought!
  • #109
  • Jul 20, 2021 6:16pm Jul 20, 2021 6:16pm
Quoting GEfx
I have been a student of fundamental analysis for many years, and part of my work and analysis has included listening to, and studying, the words of central bankers from all over the world. I've either read or listened to hundreds of Q&A sessions, new conferences, and congressional committee presentations from Trichet, Draghi, Lagarde, Greenspan, Bernanke, Yellen, Powell, Stevens, Lowe, Shirakawa, Kuroda, etc. All of them have been asked questions about, or made comments on, currency valuations. However, no one has ever asked a question about the...
Retail are not connected into any anything other than a trade simulator and certainly not playing with the big boys.
If a broker can manipulate price/candle using MT4 plugin then they are not connected outside the loop.
Food for thought.
  • #110
  • Jul 20, 2021 6:20pm Jul 20, 2021 6:20pm
Quoting moodybot
{quote} Retail are not connected into any anything other than a trade simulator and certainly not playing with the big boys. If a broker can manipulate price/candle using MT4 plugin then they are not connected outside the loop. Food for thought.
There was a time I feel the need to argue. I did that on your thread. Now I don't bother anymore.
Know what you trade
  • #111
  • Jul 20, 2021 6:38pm Jul 20, 2021 6:38pm
Quoting BWilliam
{quote} There was a time I feel the need to argue. I did that on your thread. Now I don't bother anymore.
Thanks for the heads up.
  • #112
  • Jul 20, 2021 7:02pm Jul 20, 2021 7:02pm
Hi Andy,

Cheers and well done in opening this innocuous thread, Flying Dutchman.

Where simple opinions can be posted without the usual arguing over who is right and who is wrong (and where in most of the cases both parties for and against DO have part of the truth - but also part of what I call, from my own behaviour sometimes, intelligent human blindness).


There have been many allusions (not illusions, though some would say that IS the case) to this mysterious all knowing algo that people sometimes mention on various threads.

George discussed it on his thread, and Andy/Moodybot himself started the Real or Algo thread, that did descend ultimately into verbal chaos as parties brought & defended their arguments as to any belief in an algo operation.


I put up my own (algo target line) post four days ago mainly for BW as he responded to my earlier post here with his own chart.

BW did encourage me, and others, some three months back to investigate mathematically the prospect that the market works to a repeating principle.

And if it does, for me and others to then consider whether this repeating principle lay in maths. And IF IT WAS in maths then it was likely to be an automated process (ie an algo).

Of course the word algo conjours up (and NOT conjours like in magic - magic is a completely different topic - and one I can go into if wanted, but it WON’T help any process here - though it might clear out a few entrenched cobwebs).


So thanks BW, I did ‘some’ work. Which I won’t discuss at all - for my own personal reasons - and those reasons are not to hide anything mysterious - just that imho they would add nothing to what folks should be examining themselves in relation to the movement of price in Forex.

And, yes from that work, I posted up some days back a chart with some levels which I “loosely” termed at the time the repeating algo target(s).
  • #113
  • Edited 9:56pm Jul 20, 2021 7:14pm | Edited 9:56pm
Hopefully here I can respond a bit to both RickM & GEfx, though not really directly to their questions/statements.


How I come to view this algo, in my mind (which is NOT infallible believe me, I live with it) had to be considered from more than one viewpoint.

Is this supposed algo - (and this is RHETORICAL ONLY so I don’t discuss this openly anymore from a standpoint point of view) -


Is this (algo), a

-singlularity
-group or cabal (AND then, are these groups disparate or not)
-the sum total of all buyers and sellers that make up the daily operations of the forex market (ie an accurate auction market)


In the end, like in the book Zen And The Art Of Motorcycle Maintenance, I determined one could go mad (figuratively in my case, though some might argue lol) if allowing themselves a continuous consideration of THIS subject.

So I dropped it. I have determined, for ME, that it doesn’t matter so much. To me.


I posted the levels on the EURUSD a few days back for BW. As I was was doing little else at the time (the nature of FX).


For GEfx.

Quoting GEfx
I have been a student of fundamental analysis for many years, and part of my work and analysis has included listening to, and studying, the words of central bankers from all over the world. I've either read or listened to hundreds of Q&A sessions, new conferences, and congressional committee presentations from Trichet, Draghi, Lagarde, Greenspan, Bernanke, Yellen, Powell, Stevens, Lowe, Shirakawa, Kuroda, etc. All of them have been asked questions about, or made comments on, currency valuations. However, no one has ever asked a question about the forex algo, nor has any central bankers ever uttered the words, "controlling forex algo", or anything vaguely related to this forex algo. Food for thought!

The one thing I DO believe is that the market could not function without controls at boundaries (I don’t mean exhaustions here). Of course then it begs the question, who could control those boundaries.

As, imagine if rouge operators from around the world could do “what they want” with price in the currency market (as they DO in other markets).

We would have what might appear like flash crashes on a daily basis maybe. And the currency markets would be in turmoil.

(Though I DO NOT ever rule this occurance out, in either the near or far future for what my thoughts are worth, but then we would now get down into geo-politics and free agents and I bail out of the conversation here).


For RickM.

Quoting RickM
{quote} Hi Timetells If an Algo exists, if an Algo controls price and moves it to points in a chart - it has a memory. I ask does it look back 18 years ago and remember what happened. This is the Algo story that need answering. {image}
I do not know myself about an 18 year memory pal. The best I can offer is that each market does have an absolute high and low that it has ever reached.

In the case of EURUSD the most recent was a new high in 2008, 13 years ago.

For GBPUSD the most recent was a new low in 2020, just over one year ago.

These highs and lows might well hold some influence over the markets, but they are so far away from current price that these absolute highs & lows “on their own” are not what we are trading each day. (I do not include equity markets in my thoughts, like the Dow, Dax etc, which make new highs every so often, well certainly since the global financial crisis)
  • #114
  • Jul 20, 2021 8:11pm Jul 20, 2021 8:11pm
Quoting moodybot
{quote} Retail are not connected into any anything other than a trade simulator and certainly not playing with the big boys. If a broker can manipulate price/candle using MT4 plugin then they are not connected outside the loop. Food for thought.
Therefore, the obvious conclusion screams "master algo"?

But to be fair, I do not trade using MT4 charts that are "manipulated" by a malevolent broker. And it's been my experience that the data being presented on my very expensive charts is exactly what is being quoted on my Forex.com trading station, on CNBC, and Bloomberg.
  • #115
  • Jul 20, 2021 8:33pm Jul 20, 2021 8:33pm
Quoting TimeTells
The one thing I DO believe is that the market could not function without controls at boundaries (I don’t mean exhaustions here). Of course then it begs the question, who could control those boundaries. But, imagine if rouge operators from around the world could do “what they want” with price in the currency market (as they DO in other markets). We would have what might appear like flash crashes on a daily basis maybe. And the currency markets would be in turmoil.
The controls within the Forex market, such as they are, are imposed by Central Banks and their buddies at the Tier 1 banks. This is well know and well documented. As for a rouge operator or operators, I think you need to think through that idea a bit more. Within currency markets, it has happened in the past, before controls were implemented in the 1990s to mitigate the risk of illicit behavior, and just a few years ago, the Swiss caused quite a stir when they unexpectedly decoupled from the Euro. You see flash moves in some pairs from time to time, but those moves are quickly brought back into "normalcy" by...the next trade made by reasonable bankers who do not want to get fired for doing something stupid. Flash moves are uncommon because of the controls and management of the big forex players. Nothing mysterious about it. And as a final comment, you need to appreciate the terror felt by all bankers at the idea that a Fed audit team has stopped by your office for a chat about your inability to manage or control the forex brokers under their employ.

No algo. Not perfect. But pretty well managed, all things considered.
  • #116
  • Jul 20, 2021 8:55pm Jul 20, 2021 8:55pm
Quoting GEfx
{quote}
The controls within the Forex market, such as they are, are imposed by Central Banks and their buddies at the Tier 1 banks.

Yes, they control the boundaries (they were my rhetorical who).


Inside the boundaries of course it is the wild-west.

Anything goes.

Even an algo ?
  • #117
  • Jul 20, 2021 9:06pm Jul 20, 2021 9:06pm
Got to love it when BW and TT have a conversation. Thx.
Good Trading
  • #118
  • Jul 20, 2021 9:15pm Jul 20, 2021 9:15pm
Quoting TimeTells
{quote} Yes, they control the boundaries (they were my rhetorical who). Inside the boundaries of course it is the wild-west. Anything goes. Even an algo ?
LOL...well said. BTW, hope you guys in Australia are doing well. We get news reports that make it seem like you have your challenges. Take care!
  • #119
  • Jul 20, 2021 9:25pm Jul 20, 2021 9:25pm
Yep, very low fac rate. Most of the population is in lock down at the moment (given that we mostly live in two cities). I'm fortunate that we just have to wear a mask where I live. But you can almost see the Delta variant coming. Get my first shot tomorrow.
Good Trading
  • #120
  • Jul 20, 2021 9:25pm Jul 20, 2021 9:25pm
Quoting TimeTells
Hi Andy, Cheers and well done in opening this innocuous thread, Flying Dutchman. Where simple opinions can be posted without the usual arguing over who is right and who is wrong (and where in most of the cases both parties for and against DO have part of the truth - but also part of what I call, from my own behaviour sometimes, intelligent human blindness). There have been many allusions (not illusions, though some would say that IS the case) to this mysterious all knowing algo that people sometimes mention on various threads. George discussed it...
Hi Pete, this is a representation of the master algo expansion into the targets. Perhaps this visual might give a better idea what we're talking about.
Attached Image (click to enlarge)
Click to Enlarge Name: gum15.PNG Size: 34 KB
Know what you trade
20 traders viewing now