Accuracy of MK-indicator and Volume bars and positions?

I am already a good trader, at least a very good from a technical standpoint……I don’t necessarily need to adopt a whole new system of trading developed by someone else…..

……for me, I see the MK as invaluable information that I otherwise have no access to……..and yes, regardless of what the data actually is, or isn’t, I am already sold on on the MK….I have seen enough to realise the value of the information here….

……but the details are important, or vital even.

A Trader using the MK stream, NEEDS to know what he is actually looking at.

If the SL levels are approximations using some ingenius statistical model, then fine.
If the SL Levels are data taken from some Retail Brokerage that is being used as a proxy from the ‘DM’ that deals directly with the banks, then fine.

But a trader needs to know what he is looking at.

Going back to the GBPUSD….

Is that small Orange MTSL down below, and that rather large Yellow MTSL up above, still in the game……or would they have been likely taken out by retail brokerage spreads?

Knowing this information, can be crucial.

I mean more this sort of thing:

I learned my lesson, and simply hit the trade relying on a cynical understanding of a cynical markets, just giving myself plenty room for SL, incase the Orange SL bar did end up being tagged)……..but Orange bar not tagged, and then yellow bar..untouched…..the yellow bar was my target….but as usual I snatched profit at 2:1RR, so that was immaterial to me…….but I think we can all agree, in the real FX markets, REAL SL levels were absolutely 100% run over on that whipsaw move in GBPUSD.

IF that Orange Limit order, and that Yellow Stop Loss Order, got tagged….

….then why are they still there?

Surely you can’t disagree that whether there is still a big fat Limit SELL and a Big Fat Limit STOP BUY order still sitting in the market at these levels, or not, could be of HUGE significance to a trader?

And here is a short GBPUSD trade that I had lined up, with the entry fine tuned to my own best approximation of the MK MT Short SL Tranche….(normally I would have just hit that on the good old 61.8% level, and would have gotten filled).

So the need to know about the accuracy of the levels in the MK charts, is clear……

…….and I prefer not to talk about the long trade I hit, ‘back up to’ to the Stop SL level, convinced that these short SL levels were yet to be taken out, and to give me my main trade it’s fill.

Well, everyday is a school day. I think it safe to say, that traders using the MK streams, need to take these levels as approximations and NOT as concrete levels representing the true foreign exchange order levels. I am very open to being persuaded otherwise, but all the evidence points to this being the fact of the matter.

I know the generalities of the system…..and again, I have seen more than enough to be convinced of the validity of much of it.

….but I need to know whether I am looking at precision, or an approximation. I point you back to the GBPUSD from yesterday, where the Short SL was left on the table, which means if the MK charts were dealing with precision, then the market makers just let a bunch of DM money shorts of the hook, and put them into profits. If we are dealing with some sort of approximation, then surely the DM got rinsed, but the price action didn’t quite match up to what MK charts displayed on the streams.

Knowing which of the two it is, is absolutely KEY when it comes to making decisions with the MK streams.

I am sure DJAMAL could offer a clarification that wouldn’t involve revealing the special ingredients to his secret sauce…….’even if the clarification was “often the MK charts doesn’t update or display properly” or something like that.

Aside from the FACT that we are not dealing with some insider real orderflow data feed here, not even a proxy from some retail broker, but a fancy pants cumulative delta rig up, with automated plotting over Volume Profile gaps as ‘SL’ levels, and some statistical calculation of what ‘Dumb Money’ positions are still in the game based on what levels were rinsed……..very sophisticated and clever system I am sure….

….but apart from all that.

If you think that it is ok to trade off charts, with a 4 hour lag on key data throughput, with chinks and holes all through it….

….if you think that is in anyway tenable……..

…….then you aren’t a real trader.

How come you are the only one active on this forum who has been here longer than 2 weeks anyhow?

Yeah….I am now embarrassed about my initial full on enthuse. At my age, I should know better. I was misfortunate enough to come to MK indicators with ‘beginners luck’, leading me to believe that the SL tranches were REAL.

They aint real.

I don’t need the MK charts to trade.

I can pull up a bunch of periodic Volume profiles and draw a bunch of orange and yellow lines across the notches/gaps myself. It’s what I was already doing, except I drew faded boxes representing ‘zones’ instead of lines representing hard levels.

I can even tell myself if I want, that the fact that such a Supply & Demand zone was not Rinsed, represents ‘DM tolerance’ if I must.

…and regarding that 4 hour lag during peak trading times. I already posted evidence of it. I expect more of it today. Not that I shall be looking for it.

£56 for charts with up 4 hours data throughput lag during peak trading times?

“Could you put me through to Trading Standards please?”