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  • #501
  • Edited 5:55am Aug 16, 2021 5:28am | Edited 5:55am
Anyway, that was leading up to something. Oh yeah.


USDJPY is now in that compression situation. And at an algo repeating level (for some 8 x one hour candles now).

Something will give. Eventually.

It’ll be best observed maybe as the start of expansions in the current ‘length’ of the 1hr candles.


Eventually price will (or must, yes raed) move on to another level - but whether that level will be above or below current price I do not know.

Other than that it will probably happen during NY when I am fast asleep lol.


Best to watch I reckon. Then trade any directional momentum final confirmation.

It’s a rugged game, Forex.
  • #502
  • Aug 16, 2021 8:42am Aug 16, 2021 8:42am
To continue the conversation about the EJ: PA is unfolding slowly but to targets. This expected down move seems to have some legs so I will keep it on the trading list for the beginning of the week. It took a week be it's moving now. Thankfully!
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  • #503
  • Aug 16, 2021 8:48am Aug 16, 2021 8:48am
Quoting RickM
{quote} If you are going to play with the Vacuum Points, get it correct. Firstly worry about the current one at 1776.25 which has been hit multiple times. Your one is a bit lower at 1557.45 which is an extremely important Vacuum Point. Algo? Proof is its just Bankers Volume with help from their liquidity EA's that run to create expansion of price. Build & controlled by Bankers for the sole reason to increase liquidity levels so they can trade. No magic here and Volume shows us the naked truth. {image}
This is a mathematically derived target point, it has nothing to do with vacuum points (I don't know what that is). There are targets on all time frames.
You are saying that this is not AI, this is just collective behavior of buyers and sellers?
  • #504
  • Aug 16, 2021 9:18am Aug 16, 2021 9:18am
Quoting moodybot
{quote} Yep, someone with influence has farted somewhere. Or should that be flatulence.
The reference is lost on me, but maybe the gas pains you speak of have persisted for the last 8 hours! Yikes!
  • #505
  • Aug 16, 2021 9:31am Aug 16, 2021 9:31am
We talked about the $CAD last week, and was wondering if BWilliam took this move up? CAD seems to be returning to trend within its structure today. Hope you got some of this move (I didn't but am watching it now for follow through)!
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  • #506
  • Aug 16, 2021 3:31pm Aug 16, 2021 3:31pm
Quoting GEfx
{quote} The reference is lost on me, but maybe the gas pains you speak of have persisted for the last 8 hours! Yikes!
Nope, 3 days!
  • #507
  • Aug 16, 2021 3:39pm Aug 16, 2021 3:39pm
Quoting GEfx
To continue the conversation about the EJ: PA is unfolding slowly but to targets. This expected down move seems to have some legs so I will keep it on the trading list for the beginning of the week. It took a week be it's moving now. Thankfully! {image}
EJ Algo took out Monthly target, so once I get my signal Long, that's where I'll be heading.
They may drive price lower to set a fresh target for later cash collection so patience as always is the key.
Lower the better, stronger the bounce.
  • #508
  • Aug 16, 2021 4:33pm Aug 16, 2021 4:33pm
Quoting moodybot
{quote} EJ Algo took out Monthly target, so once I get my signal Long, that's where I'll be heading.
There's an EJ algo?
If you missed all the sell signals, how will you see the buy signals?
  • #509
  • Aug 16, 2021 4:56pm Aug 16, 2021 4:56pm
Quoting GEfx
{quote} There's an EJ algo? If you missed all the sell signals, how will you see the buy signals?
Sell signals?

What do you want, a medal?
Awesome, pleased for you.
You had two bites at it last week. Got to be right some time.


I'm waiting for this to be broken.
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  • #510
  • Edited 6:20pm Aug 16, 2021 5:48pm | Edited 6:20pm
Quoting moodybot
{quote} Sell signals? What do you want, a medal? Awesome, pleased for you. You had two bites at it last week. Got to be right some time. I'm waiting for this to be broken. {image}
You and Ihlas asked me to comment on EJ (post #370 and 371). I have been discussing this pair here since it became tradeable. It has been a clear sell since last week (you commented that it was going up last week, not off 128.25). If you want to wait for this pair to move over 140 pips (from last weeks 129.65) to trade it, that's fine. It broke out of it's range/triangle last week, and I'm trading it. But, you've been waiting for a buy? I'll buy it when it's a buy, and I'll sell it as long as it's a sell. We won't know about your call until 128.25. I hope it turns for you, but I'll just trade what I know to trade. It is sitting on a target right now, with 128.38, 128.28, and 128.18 the next three targets. I left open, one of my three trades made today, and took the other two off at this target, and have a stop in at 128.99. Just to be completely open and honest. Good trading!

Edit: in addition, you brought up the EJ last week and asked for my thoughts. I shared my thoughts throughout the week. I put in a few scout trades and shared my comments and observations. I reworked my TA and shared it. And when the PA broke south, I traded it. A few bites? You have to be right sometime? I think I stepped you through exactly how I trade, or at least, how I traded the EJ in the last week. If you ask me a question or ask for my thoughts, I'm more than happy to share. If you don't want that just say so and I'll leave. If you are just dismissive, well, you know what you can do.
  • #511
  • Aug 16, 2021 6:41pm Aug 16, 2021 6:41pm
Quoting GEfx
{quote} You and Ihlas asked me to comment on EJ (post #370 and 371). I have been discussing this pair here since it became tradeable. It has been a clear sell since last week (you commented that it was going up last week, not off 128.25). If you want to wait for this pair to move over 140 pips (from last weeks 129.65) to trade it, that's fine. It broke out of it's range/triangle last week, and I'm trading it. But, you've been waiting for a buy? I'll buy it when it's a buy, and I'll sell it as long as it's a sell. We won't know about your call until...
GEfx, I like your post about fundamentals. Do make your interpretation on here so I get to learn what to look out for. Thanks.
Know what you trade
  • #512
  • Aug 16, 2021 6:46pm Aug 16, 2021 6:46pm
Quoting GEfx
{quote} You and Ihlas asked me to comment on EJ (post #370 and 371). I have been discussing this pair here since it became tradeable. It has been a clear sell since last week (you commented that it was going up last week, not off 128.25). If you want to wait for this pair to move over 140 pips (from last weeks 129.65) to trade it, that's fine. It broke out of it's range/triangle last week, and I'm trading it. But, you've been waiting for a buy? I'll buy it when it's a buy, and I'll sell it as long as it's a sell. We won't know about your call until...
Hi GEfx

Some need to get new glass prescriptions, very quickly.
Trading thin liquidity at the boundary of the charts
  • #513
  • Edited 7:18pm Aug 16, 2021 7:00pm | Edited 7:18pm
Quoting RickM
{quote} Hi BW Don't disregard MT4 tick data. I study both futures volume data and spot tick data side by side and the tick data is still very useful. On M1, tick data shows us the activity occurring within a candle which often shows us the point where delta may be flipping. Last night on M1, the tick data nailed the point where the delta flipped to bullish on a candle no one would have noticed. The candle was very small and an obvious sign a EA was responsible for changing market direction. Futures data is very clear for me when trading but everyone...
I reply your post here since its related to algo math.

If you look at your chart the volume data you pointed to is on the 3rd 15m candle of the turning point.

With my algo math I pinpointed the turning point at the first candle that is 2 candles to the left. I knew that is the turning point and the low of the day. Volume data is 3 candles late on the retest candle.

I knew the algo intent is low of the day. But the algo will not go beyond that swing high algo level. Those are the levels on my chart and I read the algo intent as well with algo math.

To trade both bottom algo level low of the day and that swing high level I have to be confident with what I know with algo math, even though I knew it at a glance on my phone. There are a series of complicated math checks I need to make on my computer before I know with more certainty. And everything is moving very quick on the m1 chart. I have to think and act quicker to stay ahead of the algo.

Now if I add on your volume data I will have to learn a new tool, test its efficacy then compare to my algo math to see if it gives any help. This calls for research. I've not seen any evidence that futures volume data can give any advantage to what I already know.

With this post, I hope I have explained why futures volume data has no use for my purpose. To ME its too far behind the curve. The info from futures data came too late. Your flipping to bullish delta candle is way behind the curve.

That's why I asked you if futures volume data can pinpoint the exact turning point candle. This example says no.

Again, this post is not a boast. The purpose is to explain to RickM why I'm not interested with his futures volume data.
Attached Image
Know what you trade
  • #514
  • Aug 16, 2021 7:33pm Aug 16, 2021 7:33pm
Quoting BWilliam
{quote} I reply your post here since its related to algo math. If you look at your chart the volume data you pointed to is on the 3rd 15m candle of the turning point. With my algo math I pinpointed the turning point at the first candle that is 2 candles to the left. I knew that is the turning point and the low of the day. Volume data is 3 candles late on the retest candle. I knew the algo intent is low of the day. But the algo will not go beyond that swing high algo level. Those are the levels on my chart and I read the algo intent as well with...
Hi BW

The flipping off the delta is the start of the move officially. There is no or little draw down trading with the correct delta when it’s strong in volume, it’s spot on.

The difference is you are guessing on turning points, I wait for confirmation of the move using strong delta and volume. If both of us nail our trade, who is the loser?.

You get hung up on picking tops and bottoms, profitable traders get hung up on being very precise about nailing their trade with little or no drawdowns. Last night I took 56 trades with the highest draw down being 0.09% of equity, or about 4 pips.

It’s all about when you enter your trade, not if it’s the absolute bottom.
Like you said, it’s all about $$$$$$ not pride.

Cheers
Trading thin liquidity at the boundary of the charts
  • #515
  • Aug 16, 2021 8:01pm Aug 16, 2021 8:01pm
Quoting BWilliam
{quote} You keep repeating your 50 to 100 90+% winning trades a day all over this forum. That has to make you the best trader on FF. I read your posts as you are telling everyone how fantastic a trader you are. Now that's a childish claim about YOU. You do a lot better if you start a thread on FF show in detail, step by step your method how you achieve your 50-100 90+% winning trades. People are interested in how you do it. Nobody care about YOU as a trader. Either you make this thread or your posts are just show off and boasting "I'm the greatest"....
I'm not a fan of yours BW but I have to agree with you on this post.

Claims have to be backed up. Otherwise it's all talk.
  • #516
  • Aug 16, 2021 8:15pm Aug 16, 2021 8:15pm
Quoting BWilliam
{quote} I reply your post here since its related to algo math. If you look at your chart the volume data you pointed to is on the 3rd 15m candle of the turning point. With my algo math I pinpointed the turning point at the first candle that is 2 candles to the left. I knew that is the turning point and the low of the day. Volume data is 3 candles late on the retest candle. I knew the algo intent is low of the day. But the algo will not go beyond that swing high algo level. Those are the levels on my chart and I read the algo intent as well with...

I'm not sure what time/tick frame you're on RM but this 3 minute chart comes fairly close. What you saw was easily seen purely via price action as shown in the chart below. I didn't need an "algo" to see it. In full disclosure I didn't trade this but was following as all the testosterone was flowing. LOL.

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  • #517
  • Aug 16, 2021 8:29pm Aug 16, 2021 8:29pm
Quoting BWilliam
{quote} If price action is good enough for YOU, go for it. What has it to do with ME? Just a reminder, RickM thinks you're simply guessing. Since you replied, imo nothing humble, price action is voodoo rubbish to ME.
Fair enough BW. In the end we all have to go with what works for each of us. I'm not trying to push anything on anyone. I just think anyone saying something works and then boasting with claims of 90% whatever should back it up.
  • #518
  • Aug 16, 2021 8:31pm Aug 16, 2021 8:31pm
Quoting Winston Reed
{quote} Fair enough BW. In the end we all have to go with what works for each of us. I'm not trying to push anything on anyone. I just think anyone saying something works and then boasting with claims of 90% whatever should back it up.
It's why I have my insignificant TE. It shows all my insignificant trades. I boast of nothing except what is shown by the TE.
  • #519
  • Aug 16, 2021 8:33pm Aug 16, 2021 8:33pm
Quoting BWilliam
{quote} Even if the claims are backed up, I question the motive why such a claim is made on Internet forum.
Why do you question the motive? Do you think there is commercial interest or something more nefarious?
  • #520
  • Aug 16, 2021 9:03pm Aug 16, 2021 9:03pm
Quoting BWilliam
{quote} Ofc
Well I got scammed back in 2008 and this was my intro into FOREX. Had nothing to do with a forum. In fact I didn't even know what a forum was then. Decided to figure things out for myself.

Although I'm suspicious of motives also I now just have a natural ability to recognize the BS. I just move on and dismiss for the most part those who are tying to increase their apparently low self esteem.

I'm ready to retire from my J-O-B in a few years and my motive is just to make a few extra bucks trading to supplement retirement. I make no claims of 90% win rate or anything similar. In fact I prefer to "advertise" my <50% win rate. No one usually gets offended by that or asks for "proof".

FF is like watching a soap opera and is entertainment. But I do try to maintain a semblance of self-respect by keeping a TE and an active thread or two that describes my current method (my methods do have common themes). I don't have the ambition nor the where-with-all to begin some kind of website with a pay wall to push on others what works for me. My threads are not popular and that is fine with me.
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