Trade Chatter Box 2020

Home Forums Market Causality (‘MK’) Trade Chatter Box 2020

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    • #1644
      FractalFreak
      Participant

      .

    • #1732
      FractalFreak
      Participant

      GJ day chart:

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    • #2999
      cogo
      Participant

      Hi just thought I would share some snippets. EURUSD trapped shorts and longs with knife catchers in between.

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    • #3064
      Janine
      Participant

      Thank you for that Cogo. I thought EU was trapped, I have bee watching it all week and there is so many shorts and a large stop-cloud but EU reluctant to go up there. A dilemma, I wonder how the AI will get out of it. Interesting tape watching. Great chart, did you make it yourself?

    • #3074
      cogo
      Participant

      EURUSD has significant high and low back in March which should play a part in the coming direction in my opinion.

      The chart has one of my automated proprietary displays shown which highlights undisputed market player moves, the inverse is these are also liquidity target points. This is in CTrader.

      I fell into the trap when using MT4 of using candles OHLC and colors many years ago, and it is simply a distraction to what is actually going on.

    • #3075
      cogo
      Participant

      AUDUSD has interesting clusters below (longer term) which will be targeted, but there appears to be more shorts to squeeze out at the top.

      Watch them try and protect the London/US top, sometimes to 1 or 0.5 pips.

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    • #3081
      cogo
      Participant

      The inverse (cross pair) of AUDUSD above is what I see in GBPAUD.

      Some great target stops above but not fully convinced this is a bottom, more likely false to be targeted for London/US official bottom placing yet to happen. Will also be seen on testing the London tops on AUDUSD.

      Hope some find this information useful, not many have access to this understanding, too busy looking at candle colors and patterns.

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    • #3095
      Janine
      Participant

      Hi, Cogo I have only just seen your posts here. Thank you. I am not a new newbie but it sounds like you are streets ahead of me in your understanding of the markets. I am going to study the things you have pinpointed and maybe see if I can open a Ctrader platform. My broker may not use it, do you have any suggestions for a good broker that does use Ctrader. I know there are several but nothing like a real experience using a broker.

    • #3100
      cogo
      Participant

      Hey Janine,

      From a retail forex point of view, I would suggest IC Markets, mostly because their data source and spreads. They had a DOS attack some years back but have been ok since. I always have a IC platform open even if its demo as the market data feeding any algos seems to be the best. I have been trading for a long time and there are others that come close. Purple Trading although new, are ok for now, CTrader definitely helps the way orders are processed.
      CTrader still has its limitations, for algos/indicators that’s why I write my own (self taught).

    • #3101
      cogo
      Participant

      It appears they are positioning for a AUD drop with employment data in 2 days.

      Shorts trapped back in June have been mostly squeezed out, some to mitigate the major short positions at break even or better. Target 0.6850.

      I could be wrong, when it appears too obvious they won’t let these play out and throw in big trap moves.

      Lets see

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    • #3104
      Janine
      Participant

      Hi Cogo Thank you for your comments on Broker. As it happens I am a short trapped from late June and I have been hanging on thinking there might be a drop. I will have to be more careful in the future because the AIs are so proficient at their games they can still manage to catch you even if you know. However, I am signed onto the live stream web and honestly, I can not emphasize enough the positive difference it has made to my trading.

    • #3106
      Janine
      Participant

      Hi Cogo I have just opened a new Ctrader account with IC. It is very different from MT4. Thanks again for your suggestion. Self-taught coder, very impressive 🙂

    • #3107
      cogo
      Participant

      Well learnt HTML, VB and php so its just a matter of time to adapt to another.

      Yes CTrader is an improvement, but still has many frustrating faults/limitations. The idea for me was to get away from bad habits picked up from MT4.

    • #3108
      cogo
      Participant

      As it happens I am a short trapped from late June and I have been hanging on thinking there might be a drop.

      The algos will be working on you then. Are you hedging at all? Are you familiar with repairing a trade?

    • #3109
      Janine
      Participant

      No, I am not familiar with repairing a trade but I am hedging and also selling again on the way down (if it is going down, hopefully) What do you suggest? Also, any suggestions of books to read or anything else to improve my trading is most welcome.

    • #3123
      Admin SME
      Keymaster

      Hi everyone,

      here a message from Djami:

      “please have a look at these EURUSD charts…

      They say it all…”

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    • #3126
      Janine
      Participant

      It is so interesting to watch. I see that the EU is trapped, it can’t go very far up into the stop cloud as longs will be too far into gain and those guys will win, it can’t go down as soo many shorts so those guys will win. Sooner or later I guess it has to go one way or the other. I am intrigued to see how the AIs will resolve the situation and if they will maintain some sort of fundamental plausibility. I am taking advantage of the situation, small trades in both directions with caution on longs.

    • #3127
      cogo
      Participant

      Hi Admin,

      Are you able to label the horizontal colored bars on charts displayed?

      One has to assume to work out what each color represents. It can only be seen as ‘cryptic’ and meaningless unless explained fully. As you can see I include text explanations on my charts uploaded here.

      I am assuming there are categories like:
      Cyan = Long Term Short Stop Positions
      Blue = Short Term Long Stops
      Orange = ???
      Red = ???
      Yellow = ????

    • #3128
      cogo
      Participant

      It is so interesting to watch. I see that the EU is trapped, it can’t go very far up into the stop cloud as longs will be too far into gain and those guys will win, it can’t go down as soo many shorts so those guys will win. Sooner or later I guess it has to go one way or the other. I am intrigued to see how the AIs will resolve the situation and if they will maintain some sort of fundamental plausibility. I am taking advantage of the situation, small trades in both directions with caution on longs.

      A bit of a conundrum at present with pairs being influenced by the USD in directions they don’t really intend.

    • #3129
      cogo
      Participant

      I don’t know how many have noticed, but lately certain controlling interests are implementing more aggressive short term settings in their algo’s.

      To the astute eye it stands out, but most would not see it. See images attached.

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    • #3135
      FractalFreak
      Participant

    • #3136
      FractalFreak
      Participant

      “I am intrigued to see how the AIs will resolve the situation and if they will maintain some sort of fundamental plausibility. ”

      Exactly,

      Janine.

      FF

    • #3137
      FractalFreak
      Participant

      “but lately certain controlling interests are implementing more aggressive short term settings in their algo’s”

      Yes, they do a “pacman” on the STS (short-term stops).

      FF

    • #3138
      FractalFreak
      Participant

      “Cyan = Long Term Short Stop Positions
      Blue = Short Term Long Stops
      Orange = ???
      Red = ???
      Yellow = ????”

      orange below price = MTS of DM longies
      yellow above price = MTS of DM shorties

      blue / turquoise = STS

      pink: LTS

      red bars = DM shorties (x- and y-axis….first histogram live, second historical)
      green bars = DM longies (x- and y-axis….first histogram live, second historical)

    • #3143
      Admin SME
      Keymaster

      EU:

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    • #3146
      cogo
      Participant

      “Cyan = Long Term Short Stop Positions
      Blue = Short Term Long Stops
      Orange = ???
      Red = ???
      Yellow = ????”

      orange below price = MTS of DM longies
      yellow above price = MTS of DM shorties

      blue / turquoise = STS

      pink: LTS

      red bars = DM shorties (x- and y-axis….first histogram live, second historical)
      green bars = DM longies (x- and y-axis….first histogram live, second historical)

      Cool, thanks for the clarification.

    • #3148
      Admin SME
      Keymaster

      EURUSD H1 now:

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    • #3150
      Admin SME
      Keymaster

      EURUSD M30:

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    • #3152
      cogo
      Participant

      AUDUSD – they just keep selling into it and they just keep taking out the stops.

      Buying is gradually declining though.

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    • #3156
      cogo
      Participant

      No, I am not familiar with repairing a trade but I am hedging and also selling again on the way down (if it is going down, hopefully) What do you suggest? Also, any suggestions of books to read or anything else to improve my trading is most welcome.

      I used to read books trading related, but particularly today they are not very applicable as there is so much algo activity going on. Algos by design are intended to cover all, except herd stampedes. I downloaded a great little reference book from Forex Fact which most have probably read already and it appears to cover most common set ups in forex. Unfortunately I can’t upload it here due to he 512kb limit.

      Here are some interesting points, now pretty much common knowledge:

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    • #3160
      Admin SME
      Keymaster

      EURUSD at close:

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    • #3164
      Admin SME
      Keymaster

      EU 15:37:

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    • #3166
      Admin SME
      Keymaster

      EU 17:59:

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    • #3168
      cogo
      Participant

      I can understand the DM shorties entering where they have. It is a old school belief of ‘rollover’ expectation, but ultimately is filling long positions.

    • #3170
      Admin SME
      Keymaster

      EURUSD H1 (20:18):

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    • #3174
      cogo
      Participant

      EURUSD market open.

      Algo signals don’t get much clearer.

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    • #3181
      Admin SME
      Keymaster

      EURUSD (01:59):

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    • #3183
      FractalFreak
      Participant

      EU h4 (16:48):

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    • #3185
      Admin SME
      Keymaster

      EU H1 (22:15):

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    • #3189
      Admin SME
      Keymaster

      EU H4 (14:12):

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    • #3228
      Admin SME
      Keymaster

      EU H1 (18:07):

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    • #3369
      Admin SME
      Keymaster

      EU H1 (17:31):

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    • #3573
      FractalFreak
      Participant

      EU H4 (19:13):

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    • #3575
      FractalFreak
      Participant

      GU H4 (19:13):

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    • #3577
      FractalFreak
      Participant

      AU H4 (19:13):

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