Two moving averages and the macd

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Old Oct 16, 2017, 4:15pm   #33
 
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what did the 1st MA say to the 2nd MA?












CROSS me i'll get you back!
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if you have a little volatility, half an idea where sh^t will turn, and a reasonable stop, I might be able to start making $ off this venture
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Old Oct 16, 2017, 4:18pm   #34
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what did the 1st MA say to the 2nd MA?












You CROSS me i'll get you back!
MacD says: do you want fries to go with that ?
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Old Oct 16, 2017, 4:22pm   #35
 
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MacD says: do you want fries to go with that ?
ROFL
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if you have a little volatility, half an idea where sh^t will turn, and a reasonable stop, I might be able to start making $ off this venture
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Old Oct 16, 2017, 6:03pm   #36
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I look at proprietary analysis. Data available to me is very limited. So doing intra-day is generally impractical for me. If push comes to shove, I guess I could do some if forced.

But I do find your stuff interesting. Do you care to explain/demonstrate ? Or, is your purpose simply to point beginners to the general correct direction, rather than to elaborate ?
It's better to be pointed in a general direction, with some advice. You say that you have keys to the mint, are in the mint, and yet you have limited data available to you. Seems like an impossibility. The data you need is what I have described: volume data. Volume (large amounts or small amounts) moves price. You can get this data if you want. I have described exactly what to look for.

"Large traders use stops that are always clustered above major highs and lows.

They use them to close out large positions and open up new ones in the other direction. Stop hunting is actually liquidity hunting! Or, of course, price just keeps on going. That's trading for you.

In terms of finding out where trapped traders are, look at failed 1-2-3 patterns, or M and W patterns (think it might be called a teacup pattern?!). Why does price take off when it hits a certain zone in these patterns? Clue-people are trapped.

Look up cumulative delta. Heavy selling and price is at support and doesn't move lower. What does that tell you."

This is all you need, along with a charting/data package that gives you the bund with cumulative delta. Sierra chart is probably the cheapest.

Here is a chart of today.
http://www.charthub.com/charts/2017/...s_171016180033
Cumulative delta (middle window) shows heavy selling and yet price is higher and resting at a support level. Do you go long, short or stay out? Who is trapped? This is all you will ever need to know.
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Old Oct 16, 2017, 6:11pm   #37
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what did the 1st MA say to the 2nd MA?

"You're mean."
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Old Oct 16, 2017, 7:31pm   #38
Joined Apr 2016
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Originally Posted by bootsyjam View Post
It's better to be pointed in a general direction, with some advice. You say that you have keys to the mint, are in the mint, and yet you have limited data available to you. Seems like an impossibility. The data you need is what I have described: volume data. Volume (large amounts or small amounts) moves price. You can get this data if you want. I have described exactly what to look for.
I am in the mint already because I have a couple of out of money positions that produce yield. In effect, I am minting coins. Minting is obviously done inside a mint.

Are there free volume data available ? The data available in MT4 are manipulated. When my shop feels like it, they randomly re-scale the data or delay them for a few days, making reliable analysis difficult.


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Large traders use stops that are always clustered above major highs and lows.

They use them to close out large positions and open up new ones in the other direction.
Is this only in the context of intra-day time frame ? For instance, the price is now near a major top. Since that top is on a higher time frame, would you call that a mega-top ? Do you expect a reversal there ? Nothing tells me there will be a reversal. But it doesn't bother me to be wrong. I can go back to waiting and minting in the mean time.

Click the image to open in full size.


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Stop hunting is actually liquidity hunting! Or, of course, price just keeps on going. That's trading for you.
Since everyone already knows and loves what a stop hunt is, it would be simpler just to use the existing term than to use a synonym. I am familiar with the function of stop/liquidity/order hunt/fill/business.


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Originally Posted by bootsyjam View Post
In terms of finding out where trapped traders are, look at failed 1-2-3 patterns, or M and W patterns (think it might be called a teacup pattern?!). Why does price take off when it hits a certain zone in these patterns? Clue-people are trapped.
123 pattern has 4 points ABCD. At which point are the trapped people located at ?

I presume M and W are double top/bottom. Where are the location of the trapped people, at the bottom of the double V or at the top ?

My take on any sharp move is to scare people. I suppose they could be scaring the trapped people.


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Originally Posted by bootsyjam View Post
Cumulative delta (middle window) shows heavy selling and yet price is higher and resting at a support level. Do you go long, short or stay out? Who is trapped? This is all you will ever need to know.
If this works as reliably as it sounds, why do you see the market as hard/difficult ? What causes this difficulty ?
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Last edited by EnlightenedJoe; Oct 16, 2017 at 7:37pm.
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Old Oct 16, 2017, 7:42pm   #39
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Originally Posted by bootsyjam View Post
Here is a chart of today.
http://www.charthub.com/charts/2017/...s_171016180033
Cumulative delta (middle window) shows heavy selling and yet price is higher and resting at a support level. Do you go long, short or stay out? Who is trapped? This is all you will ever need to know.
it looks like a 1-2-3 setup with a bounce off the blue blobbys
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Old Oct 17, 2017, 12:15pm   #40
Joined Sep 2006
"I am just starting out in trading and I have some experience although I class myself as a novice."
And you want to know about MACD and RSI and yet know all about liquidity sweeps and want to tell me that I should stick to accepted terms, say you have keys to the mint and a whole bunch of stuff that doesn't really make any sense as a whole.

I have given you all you will ever need. Whether you choose to use it or keep asking obtuse questions to people whilst mildly chastising them/patronising them is up to you. Good luck!
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