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the only thing needed there is a good money management and patience because those levels act as magnet price never forget
hello Arthur
thanx for sharing the site about the indicator I think from what am seeing on your charts when we have a bull candle and red dot appear above it the it means continuation of a bull same goes to a bear candle and a blue dot appear below it then is a bear continuation and if a red dot appear on top of a bear candle then is bear and if a blue dot appear below a bull candle then is bull about tp is either targeting the full candle of the signal or its open.i wish I have this indicator to test am basing on what I see on the your chart and if repainting I think he repaints happen on the directions of the tps.just my 2 cent
hellow Arthur
I saw edington post#6881 and I thought may be you have shared the indicator somewhere else about off topic thing I have been in that line I wonder where you got those chart of eurgbp,eurjpy and eurusd when market closed ?I use different brokers to see the misprice on that closing times.do you mind sharing where you got those
i still cant download the indicators in this forum that are in other format than rar please put currency strength by simplex shared in post#6672 on rar format so that I can download it
Actually before you do answer I will move this little bit forward as you have NO IDEA what are you talking about. You do not know how market structure works, not only FX, but overall. Faster we will go over it faster we reach the target. Don’t take it personally BlackStack, ok? Believe in whatever you want. 1.For paper money to exist there have to be something underlying as if there isn’t, you will have Zimbabwe in your country. So again what is it? 2. If we are in the world of Aristotle: in the whole there is more wealth in USE then in OWNERSHIP? What does it mean? Wealth in use and in ownership? 3. Bond market is THE PRIMARY MARKET as this is where it is all starts from macro side….or if you prefer from micro point of view “mr. Jones come to shop and BUY socks (to be easier this are not american socks as those were imported to US.) 4. 5 trillion a day market IS A FALLACY…think about it as most of you think about spot while FX contains futures, options and forwards…+ spot you trading/gambling at. Why is it fallacy? Tiny hint. Retail trader x trades 1 lot with retail trader y. One is selling and other is buying, both have 1000$ on their account….yet their trade in volume is larger than their accounts combined. How is that possible. That is FAKE side of the market – Tier 3- micro world of retail. Mercedes-Benz comes to DB and want to BUY 200 mln $ to fund their US operations…and pay in Euros…through the phone they say how much they want and at what price, DB will accept (as they are probably their dealer) and USE forward deliverable to close the deal. What this does to DB is this…..DB is now 200mil $ short (as they have Mercedes Euros) so any move in $ against them will create HOLE in their balance sheet (they will loose on the deal). In the other words DB HAS LONG EUR/USD position…..so they will hedge same amount on spot FX …….BUT TO DO IT SOMEBODY HAS TO TAKE OTHER SIDE OF THAT TRADE…. It will be either THEIR own client (on their internal exchange as every tier 1 bank their operate few) OR other banks if they send this quote to EBS/REUTERS…..and DB counter party lets say UBS ….and this bank have agreements as liquidity provider with brokers and other exchanges and they will show those “200mil” quote to them because they know if they hit that button UBS can hedge it instantly on EBS……so we have 200 mln in EBS, 200 mln to some brokers and 200 millions to some exchanges in total few times 200 mil liquidity (let say x5 = 1 bil) provided and in reality ONLY 200 millions liquidity. It is even worse than that as there are MANY MARKET participants and many quotes so market really multiplying liquidity levels…..if JPM and Citi are liquidity providers to currenex and they BOTH see 200 mln quote on EBS they will “show” 200 mln each to currenex clients that is 400mln in total. Why do you think that gave you LEVERAGE…CREDIT FOR FREE ??? Have you ever heard about credit for free?? They needed you as that risk taker, to spread it across market place and minimize the risk. 5 Trillion market is just fallacy for guys like you……HOT POTATO changing HANDS…..to simplify it….I have one mandarin in hand and you are allowed to hold it, every time bank/broker/speculator have touch it or holding it his bearing that risk and THEY WANT TO MOVE IT ON TO ANOTHER PARTY….and this party IS YOU…you bear the risk , you RETAIL TRADER you are risk taker…end user of the SPOT FX or any other speculator on ECN marketplace. And guys from above post tells me that primary drive of market is manipulation…..ok, I will
:) ps. I have to go with dogs , so I am sorry for any mistakes as written quickly. ps2. edited :DActually before you do answer I will move this little bit forward as you have NO IDEA what are you talking about. You do not know how market structure works, not only FX, but overall. Faster we will go over it faster we reach the target. Don’t take it personally BlackStack, ok? Believe in whatever you want. 1.For paper money to exist there have to be something underlying as if there isn’t, you will have Zimbabwe in your country. So again what is it? 2. If we are in the world of Aristotle: in the whole there is more wealth in USE then in OWNERSHIP? What does it mean? Wealth in use and in ownership? 3. Bond market is THE PRIMARY MARKET as this is where it is all starts from macro side….or if you prefer from micro point of view “mr. Jones come to shop and BUY socks (to be easier this are not american socks as those were imported to US.) 4. 5 trillion a day market IS A FALLACY…think about it as most of you think about spot while FX contains futures, options and forwards…+ spot you trading/gambling at. Why is it fallacy? Tiny hint. Retail trader x trades 1 lot with retail trader y. One is selling and other is buying, both have 1000$ on their account….yet their trade in volume is larger than their accounts combined. How is that possible. That is FAKE side of the market – Tier 3- micro world of retail. Mercedes-Benz comes to DB and want to BUY 200 mln $ to fund their US operations…and pay in Euros…through the phone they say how much they want and at what price, DB will accept (as they are probably their dealer) and USE forward deliverable to close the deal. What this does to DB is this…..DB is now 200mil $ short (as they have Mercedes Euros) so any move in $ against them will create HOLE in their balance sheet (they will loose on the deal). In the other words DB HAS LONG EUR/USD position…..so they will hedge same amount on spot FX …….BUT TO DO IT SOMEBODY HAS TO TAKE OTHER SIDE OF THAT TRADE…. It will be either THEIR own client (on their internal exchange as every tier 1 bank their operate few) OR other banks if they send this quote to EBS/REUTERS…..and DB counter party lets say UBS ….and this bank have agreements as liquidity provider with brokers and other exchanges and they will show those “200mil” quote to them because they know if they hit that button UBS can hedge it instantly on EBS……so we have 200 mln in EBS, 200 mln to some brokers and 200 millions to some exchanges in total few times 200 mil liquidity (let say x5 = 1 bil) provided and in reality ONLY 200 millions liquidity. It is even worse than that as there are MANY MARKET participants and many quotes so market really multiplying liquidity levels…..if JPM and Citi are liquidity providers to currenex and they BOTH see 200 mln quote on EBS they will “show” 200 mln each to currenex clients that is 400mln in total. Why do you think that gave you LEVERAGE…CREDIT FOR FREE ??? Have you ever heard about credit for free?? They needed you as that risk taker, to spread it across market place and minimize the risk. 5 Trillion market is just fallacy for guys like you……HOT POTATO changing HANDS…..to simplify it….I have one mandarin in hand and you are allowed to hold it, every time bank/broker/speculator have touch it or holding it his bearing that risk and THEY WANT TO MOVE IT ON TO ANOTHER PARTY….and this party IS YOU…you bear the risk , you RETAIL TRADER you are risk taker…end user of the SPOT FX or any other speculator on ECN marketplace. And guys from above post tells me that primary drive of market is manipulation…..ok, I will
:) ps. I have to go with dogs , so I am sorry for any mistakes as written quickly. ps2. edited :Dgood revolution tell them this how the dealer will do hedge that’s all excellent post you really know this stuff well revolution this how the broker does
On large orders – they will manipulate the market. If they need to buy 50 milion USD, they will SELL 1 mil every few minutes to drop the price, and then start to buy at a cheaper price – again in small chunks.
This is an interesting topic too.. I have been thinking about how they might be manipulating the markets. I don’t have any buddies that work at any big banks so I have no idea. But I was thinking that if I had the money to be able to manipulate markets the way I would do it might be in the following way. If I need to buy 100 million EUR with my USD, I would lower the price of EUR indirectly. The way I would do this is by increasing the demand of the other currencies indirectly lowering the demand for the EUR. And while this is going on, I would buy up EUR. I need to put more thought into it but this is the idea behind that basket currency indicator that I made. What it’s showing me I think is the manipulation that happens before the big move across related currencies.
Think of it like this… When customers buying $ they making banks (MM) short of $, unlike their traders. After all they are MM and that is their nature. Brokers do have bunch of limit orders from MM – their providers so they are able to make market for you….. To move the price MM can front run their client orders (execute at “best” market price) or move immediately (execute at market price instant) Limit orders provide liquidity, market orders consume it. That is why during the news we have such moves as MM removing liquidity from the market – limiting their exposure and risk. Who is the counter party to banks and MM’s? Your brokers, clients, HF and PF’s managed by other companies….market structure have changed recently as their is more “liquidity providers” MM’s market share is now less than 50%…so markets became more efficient and it is generally cheaper, also you do not realize that they operate WITHOUT LEVERAGE unlike you. Market moves because of ….think guys why do market moves..especially decentralized forex market? For each buyer there have to be seller so it is not “more buyers moves market up”..it is more buyers are willing to pay higher price for the “whatever it is”…they click those buttons and consume level after level…. Think like them THEY CANNOT JUST CLICK BUTTON AND DONE if they have big order they have to work it..that is why you have consolidation periods mistakenly called by others as equilibrium as there is no such thing because you tell me where is the equilibrium? So if you look for your currency strength MAYBE (and it is just suggestion) you look at the price but not every price bar more like important handles or bar clusters at important levels… ps. it is not that simple as gg thinks market have lots of participants and people who wait for the banks mistakes…advanced DOMes will show you friends despite you do not know who they are (sometimes probably they know :) ) who buy/sell also at similar levels (handles) ps. “billion dollar traders” watch it…..you will be able to grasp it.. ps3. did anyone ever asked himself what is spot fx and why it has been created? Usually it is used as the hedge machine..and only times to profit are the times of when MM is unbalanced correctly or prop traders either from banks or HF hunt for – someone call it “sitting ducks level” – stop losses……which means they HUNT for liquidity…so nothing against you guys …as gg said THEY NEED TO FILL THEIR ORDERS AT THE BEST PRICE WITHOUT SLIPPAGE…
please everybody read what revolution has said in his quote this is the way market works there is no other way but this way. limit order/stops/……
Not true. Limit orders are the cheapest way to manipulate the market. Market Makers are using it all the time. You can put a limit order of considerable sum and at the last minute, when price comes to where you want it to be – cancel it. That’s market manipulation, it’s done all the time by market makers and movers, and it cost them nothing… G.
So please explain how does it manipulate the price of any security by setting and removing orders? On your example : if gg comes to the market and set limit order on xxx price of any security and when price comes close to his handle/level he removes the order…so gg is market manipulator? And before you ask, how does it differ between gg’s $0.1 and banks $10 limit order? There is no difference and there is no manipulation….of course my understanding of the word manipulation may differ from gg’s hence misunderstanding.
Brokers & Financial Institutions doesn’t use MT4…. They can see Level 2 and Level 1 DOM – which means they can see pending orders, price & lots per each pending order. If someone puts 50 mil. pending order to buy EURUSD 20 pips away from current price – they can see it. The market will react to such an order, or consecutive smaller ones in same direction. …and… those pending orders can be canceled at will… Draw your conclusion how to call it. G.
I am sorry but it is just nonsense. No professional trader will do it and If he/she will do and will tell somebody he/she will get into trouble. You cannot see such thing as it moves to fast …traders looking at the price levels at which there is liquidity (actual market orders hitting bids) and when the price want to shoot off somebody blocks it..if there is no liquidity market moves lower/higher to find it, and again same play, usually you know from charts where the levels are and you looking at those price levels through DOM. Newbee traders have no chance to look at chart for first few months…they looking at DOM for few months…and they have chores to do everyday…ie. scalp market for 3 ticks, do 100 trades a day, entry at random and manage trade…it is different world than the one you operate in……Don’t take it personally but you have not seen DOM and how it works! Interesting I have found something on YT ..archaic model of DOM…tell me gg where is the big order??? HFT also does not look for such things as they usually operate between spread and their quotes are such that you will never get as retail trader….
https://www.youtube.com/watch?v= value of the bb [three values] and compare them with he same bb[three values] at other times in that particular day like [01:00],[01:15],[02:00],………[23:59] at the next day open new value will be stored……Hi Brother, ok then.. I’ll try.. but please forgive me if this is not exactly what you want.. please give me around 30 minutes.. lol.. Best Regards MTH
Ok here we go, please check the code, hopefully this is what you need..
Best Regards MTHhi kiads is it possible to save the indicator in rar format so that I can download it
yes that what I meant sir am starting t read about it although it will be nice if it has a volume strip based on price or tick
hi Sergio is it possible for you to make a market profile that can be splitted into every 1hr bar time frame to show each 1hr tf market profile
hehehehe people are still looking for a holy grail in forex?to tell you the truth there is no holy grail if you think holygrail is having 100% win everytime.
Agree my friend, there is NO system having 100% win. For me if we can get >=90% win, then i call it a “holy grail”
Hehehe… how about 92%
MTHyou know many people surprise me so much if I show anyone my trades what will they help them with?for me even 50% win rate is a holy grail but guys still want a 100% win they will die looking for it at the end they say this and this doesn’t work hahahah
.good strat my friend may be I should show off abit as attached is my target do u to people who want a holy grail that my target and I trade 1 min tf I have never showed my trades now you can check that big there was a problem on open…now I don’t say it will go there direct it can even go 100 pips opposite that when price resume it resume very quickly same thing happened to that big candle it was going where a problem was.u want sauce and spice showed on the chart then ff guy there u r.does it help u I think nope
hehehehe people are still looking for a holy grail in forex?to tell you the truth there is no holy grail if you think holygrail is having 100% win everytime.
this system is a loser, sometimes it wins sometimes it loses ( big or small ) but at the end it loses, go try it. I don’t know why the thread starter is wasting your time like that. Seems to be an habit of his judging by his last failed threads at FF.
hehehe lol that the reason why forex exist there are failures and winners.but what I know may be your stratergy is different from gg but please this is not ff.people here live in harmony and they are sharing what could not be shared in ff
Hi All, sorry to barge in. I do have some observations. Most of the time, Price will retrace back to Open Prices of previous candlesticks as if to pick up some orders before continuing back to the original direction in a Trend situation (form candlestick wick). Something like price is 97% Recurrent or something like that. So its like candlestick wick hit Open Prices or Close Prices of Previous Candlestick. So if OHLC we eliminate one of the calculation “Close” or “Open”, and use High, Low & “Open” or “Close”(I’ll choose Open because it looks more consistent then Close, might be wrong). But that’s all, I still haven’t figure out how to use this info and its worth exploring. Just my funny crazy interpretations. Sorry I’ll might be terribly wrong. Pls pardon me and ignore this post if its nonsense. Best Regards, LearnAlways
now that the sauce am talking about open or close.i hope people read your post like 100 times.this is exactly how I do it
Hi Kiads, Can I ask a stupid question. Is this OHLC MTF indicator based on “CLOSE” Prices? If yes, then how is it different from what MT4 moving average is? Except I know it is MTF which MT4 basic doesn’t have. What I mean is there are already MTF MA indicators in FF. So what makes this indicator so special or different? Sorry cos I want to know and for asking this stupid question. Best Regards, LearnAlways
Hi Brother, this indicator base on OHLC/4 price so this is not same as ordinary MTF MA Indicator. And the big different from common MTF Indicator is common MTF indicator mostly only work from higher TF to lower TF, while this one also work from lower TF to higher TF. If you understand how to use this ‘feature’ correctly I believe you will find your Easter Golden Egg soon.. lol For Example try to set M1 line with period 60 (1 hour), and turn off other TF lines (make it false) then switch your chart starting from M1 to D1, you will see that the M1 line stay same in correct way.. Best Regards MTH PS.Later if will share also ‘her’ best friend MA oscillator that visualize the interaction force between bull ( (high – open) + (close – low)) and bear ((low-open)+(close-high)).
wow this look good especially when trading with ssa cycldivergence.thank you kiad for your help
I made another attempt at this using multiple currencies to figure out the close price. This is what that looks like
you are in the right road brother.i will be surprise if this thread die because this is where the sauce/recipe is guys don’t let this thread die.i have been doing this for ages if you can see wat I call cycle in ff this is the recipe of cycle please all the charts I have been posting on ff is through this road is only that mine is manually done.is hard but the payment for the result is what matters
:) ps. I have to go with dogs , so I am sorry for any mistakes as written quickly. ps2. edited :D
Best Regards MTH
MTH
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