The ideas that I trade by:

[aliassmith]

You say Time is irrelevant?
Price is relevant!
Volume is relevant!
& Time is relevant!

I can't think of a trading idea not based on some combination of those three.

Price is the current traded value. Price changes because of volume. Price change over time showing speed of money because of volume changes.

A Chart is a visual representation of this data so it does exist and so many people use them they become a self fulfilling prophecy. So basically a chart is an indicator.

Price does not sit in a vacuum by itself it works with volume and time.

Yes, I do say time is irrelevant.
The time is always changing but that does not imply that price changes.
Why do you exit a trade?
Because price has changed to such an extent you decide to stop loss or take profit.

You may argue that you exit because so much time has passed you simply want to exit regardless of price. I will give you that one.

The only time volume is a concern is when there is not enough volume to absorb your exit position or when you want to trade more than is available at your desired entry price.

I can tell from your response that your view of the market is very over simplified. Volume is always important. Without volume price does not change at all.

The last price those donuts sold for were $1 each. Ok I'll take ten donuts. Sorry noone wants to sell donuts. Donuts are not exchanged for money so price doesn't move until someone brings more donuts to the market.

Basic economics suggests that price is derived from the supply and demand curve. So Volume is that supply.

Volume and Time might be irrelevant to you but they are fundamental components of the markets.

Speaking of Time... As far as time not being relevant..you posts hundreds of CHARTS with trades that are based on those charts and time.

DAILY wick zone....based on a chart and time
Rat trade...based on a chart and time

Price change over time is a deciding factor for chosing what to trade. Are you trading something that has an average range of 10 pips a month? Would you rather trade something that moves 100s of pips a day? The speed of money!

[Mira]

I don't know if I'm making progress or nah

IMG_1864.PNG (93.32 KiB) Viewed 3431 times

[Mira]

You say Time is irrelevant?
Price is relevant!
Volume is relevant!
& Time is relevant!

I can't think of a trading idea not based on some combination of those three.

Price is the current traded value. Price changes because of volume. Price change over time showing speed of money because of volume changes.

A Chart is a visual representation of this data so it does exist and so many people use them they become a self fulfilling prophecy. So basically a chart is an indicator.

Price does not sit in a vacuum by itself it works with volume and time.

Yes, I do say time is irrelevant.
The time is always changing but that does not imply that price changes.
Why do you exit a trade?
Because price has changed to such an extent you decide to stop loss or take profit.

You may argue that you exit because so much time has passed you simply want to exit regardless of price. I will give you that one.

The only time volume is a concern is when there is not enough volume to absorb your exit position or when you want to trade more than is available at your desired entry price.

I can tell from your response that your view of the market is very over simplified. Volume is always important. Without volume price does not change at all.

The last price those donuts sold for were $1 each. Ok I'll take ten donuts. Sorry noone wants to sell donuts. Donuts are not exchanged for money so price doesn't move until someone brings more donuts to the market.

Basic economics suggests that price is derived from the supply and demand curve. So Volume is that supply.

Volume and Time might be irrelevant to you but they are fundamental components of the markets.

Speaking of Time... As far as time not being relevant..you posts hundreds of CHARTS with trades that are based on those charts and time.

DAILY wick zone....based on a chart and time
Rat trade...based on a chart and time

Price change over time is a deciding factor for chosing what to trade. Are you trading something that has an average range of 10 pips a month? Would you rather trade something that moves 100s of pips a day? The speed of money!

Aren't we trading volume imbalances?
One year ago I made an attempt studying Market Profile: Price, Volume and Time in a 3D view of order flow.

Dense stack of letters are patterns (slow moves, price stalls)
Vacuum/thin stack of letters are BO's (fast moves, price breaks away)

If I place a H line on the vacuum...


hosting jpg

[TheRumpledOne]

I can tell from your response that your view of the market is very over simplified. Volume is always important. Without volume price does not change at all.

Yes. My view of the market is simple. People complicate trading. Wait, Buy, Wait, Sell, Repeat. That's it - SIMPLE!

You are correct if there is no supply, you can't buy. But forex is not a thinly traded market now, it is?

The map is not the territory. The chart is not the market.

[TheRumpledOne]

Funny you mentioned market profile. I am thinking of adding market profile to the TRO2017_TRO_DASHBOARD.

[Mira]

I can tell from your response that your view of the market is very over simplified. Volume is always important. Without volume price does not change at all.

Yes. My view of the market is simple. People complicate trading. Wait, Buy, Wait, Sell, Repeat. That's it - SIMPLE!

You are correct if there is no supply, you can't buy. But forex is not a thinly traded market now, it is?

The map is not the territory. The chart is not the market.

Hi TRO!
It was a post from aliassmith, not from me

Funny you mentioned market profile. I am thinking of adding market profile to the TRO2017_TRO_DASHBOARD.

This is amazing! I'd like to learn more about it!

[TheRumpledOne]

I can tell from your response that your view of the market is very over simplified. Volume is always important. Without volume price does not change at all.

Yes. My view of the market is simple. People complicate trading. Wait, Buy, Wait, Sell, Repeat. That's it - SIMPLE!

You are correct if there is no supply, you can't buy. But forex is not a thinly traded market now, it is?

The map is not the territory. The chart is not the market.

Hi TRO!
It was a post from aliassmith, not from me

Funny you mentioned market profile. I am thinking of adding market profile to the TRO2017_TRO_DASHBOARD.

This is amazing! I'd like to learn more about it!

Sorry.

[aliassmith]

I can tell from your response that your view of the market is very over simplified. Volume is always important. Without volume price does not change at all.

Yes. My view of the market is simple. People complicate trading. Wait, Buy, Wait, Sell, Repeat. That's it - SIMPLE!

You are correct if there is no supply, you can't buy. But forex is not a thinly traded market now, it is?

The map is not the territory. The chart is not the market.

So we are able to solve your issue....
Charts don't exist
Price is the same on any chart
Time is irrelevant
Volume doesn't matter
OPM isn't real

With this belief structure you can't possibly understand what MO is doing and possibly never will.

The thing is....if you are profitable then you don't ever need to understand MO. It took me a long time to understand maybe 85% of his ideas.

My belief is that price, volume, and time all have their place in the markets. Charts are a visual representation of this data and OPM is what you make of it.

Oh you did ask me a question. No forex is not a thinly traded market and we'll leave it at that.

[John S.]

Funny you mentioned market profile. I am thinking of adding market profile to the TRO2017_TRO_DASHBOARD.

TRO,

I'm a bit worried about you........
I hope that you realize that Market Profile isn't exactly horizontal lines, nor is it the self proclaimed almighty one's self annointed and blessed specific geometric shapes or "magical" angles.

But your post gives me a glimmer of hope that this board might progress out of the dark ages and allow some other poster opinions for a change without threat of being banned or censored.

Kind regards,
John

[TheRumpledOne]

Funny you mentioned market profile. I am thinking of adding market profile to the TRO2017_TRO_DASHBOARD.

TRO,

I'm a bit worried about you........
I hope that you realize that Market Profile isn't exactly horizontal lines, nor is it the self proclaimed almighty one's self annointed and blessed specific geometric shapes or "magical" angles.

But your post gives me a glimmer of hope that this board might progress out of the dark ages and allow some other poster opinions for a change without threat of being banned or censored.

Kind regards,
John

Please do not worry about me.


Banning happens when someone is DISRESPECTFUL.