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Nairaland Forum / Science/Technology / Programming / Forex Market Algorithm IPDA part 2 (2746 Views)
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Re: Forex Market Algorithm IPDA part 2 by zemaye: 5:44am On Jun 20 |
thanks for your insights the buffet call ICT am still distilling! I agree I can see Time and price in Forex as he explains for crypto and stock am still back testing its not clear at all to me yet I attribute that to early stage learning I am grateful ICT is my first point of learning trading , I couldnt grasp anything else before now, I just knew something else I can understand easily was out there till I found him. How do you apply time and price to crypto and stock and shares? I will continue to learn IAmHim1: 1 Like 1 Share |
Re: Forex Market Algorithm IPDA part 2 by IAmHim1: 10:12am On Jun 20 |
Zemaye, I'm not into stocks. Ive come to understand that the best way to focus on something IS TO FIRST KNOW WHAT TO NOT FOCUS ON so I try not to be here and there The algorithm for crypto and indices like NASDAQ and SnP500...even deriv synthetic IS ALL SAME Thing Regarding TIME aspect, Forex algorithm and crypto Algorithm is not same: the price delivery is same but the time delivery is different crypto trading hours/nasdaq/deriv synthetic is 9:30 am NY TIME to 4pm NY= New York Calibrate your time to New York Am session= 9:30 am - 12pm Lunch hour = 12- 1 pm Pm session = 1:30 - 4 PM All new York time PS: How long did you say you have been with ICT again? 1 Like 1 Share |
Re: Forex Market Algorithm IPDA part 2 by zemaye: 9:02pm On Jun 20 |
thank you for your insight my time is calibrated to newyork on trading view I have started ICT since june the 3rdof this month spending 4 hours plus 3 - 4 days a week IAmHim1: |
Re: Forex Market Algorithm IPDA part 2 by IAmHim1: 1:28am On Jun 22 |
Keep it up Learn to incorporate Time with your price analysis and it'll all make sense to you soon. Don't worry you'll know what I am talking about zemaye: 1 Like 1 Share |
Re: Forex Market Algorithm IPDA part 2 by IAmHim1: 11:10pm On Jun 22 |
Zemaye, been wandering, how's your understanding of OPEN HIGH LOW CLOSE of candlesticks? |
Re: Forex Market Algorithm IPDA part 2 by zemaye: 4:06pm On Jun 23 |
I am still forming an understanding of this I have just been backtesting looking at the open ,high,low and close on a monthly,weekly and daily and can see how old highs and lows are hunted any insights on this IAmHim1: |
Re: Forex Market Algorithm IPDA part 2 by IAmHim1: 8:59pm On Jun 23 |
First you have to pay attention to the formation of the candlestick itself I've told you in previous post of mine --BULLISH AND BEARISH CANDLES DO NOT FORM THE SAME WAY most traders..even most forex mentors...and I mean 'MOST' think bearish candle is Red and bullish candle is green... ![]() They're so so so so so soooo wrong A bullish candle CAN BE RED...and a bearish candle can be green. I can go to my chart settings and change the candle color to ANY COLOR I PREFER Google how bullish and bearish candles form. Don't waste Time beating around the bush zemaye: 1 Like 1 Share
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Re: Forex Market Algorithm IPDA part 2 by IAmHim1: 9:09pm On Jun 23 |
As you can see in the picture I posted...I can change my candlestick color TO ANY CANDLE color I want Zemaye, learn how candlestick form.... bullish and bearish...their formation is DIFFERENT...forget the colors all these yahoos are teaching out there. For a candle TO CLOSE AS bullish, IT 'OPENS' AND MAKES A 'LOW' FIRST.... before a 'HIGH' and 'CLOSE' In other words, bullish candles is OLHC= OPEN---LOW---HIGH---CLOSE Zemaye, study bearish candlestick formation, compared to bullish candlesticks and post your findings here 1 Like 1 Share |
Re: Forex Market Algorithm IPDA part 2 by zemaye: 2:56pm On Jun 24 |
from what I understand here open High close low is a bearish candle I dont understand what you mean by how does it form? IAmHim1:
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Re: Forex Market Algorithm IPDA part 2 by zemaye: 3:33pm On Jun 24 |
LOW @ midnight open high at 3pm then low close
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Re: Forex Market Algorithm IPDA part 2 by IAmHim1: 8:10pm On Jun 24 |
Nope Not correct Try again zemaye: |
Re: Forex Market Algorithm IPDA part 2 by zemaye: 9:18pm On Jun 24 |
wow what should I be looking out for? IAmHim1: 1 Like 1 Share |
Re: Forex Market Algorithm IPDA part 2 by IAmHim1: 1:33am On Jun 25 |
For bearish candlestick, which formation do you think it is 1) Open -- High-- Low-- Close Or 2) Open--High-- Close-- Low zemaye: 1 Like 1 Share |
Re: Forex Market Algorithm IPDA part 2 by zemaye: 1:40am On Jun 25 |
I see what you mean it 1 IAmHim1: 1 Like 1 Share |
Re: Forex Market Algorithm IPDA part 2 by IAmHim1: 5:40am On Jun 25 |
That's correct For bearish candlestick, Price OPENS at midnight new York, makes a HIGH(at a PD Array AND TIME) then sells, makes a LOW(also after reacting off a PD Array IN TIME) and CLOSE The second picture is the daily cart of Bitcoin as viewed on Metatrader 5 app with Deriv as broker Now tell me...is the current daily candlestick going to end up bullish or bearish zemaye: 1 Like 1 Share
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Re: Forex Market Algorithm IPDA part 2 by IAmHim1: 11:03am On Jun 25 |
PS: high or low of the day MUST not only happen at TIME but also at a PRICE POINT it's TIME and PRICE Zemaye Put this into your head!!! It cost me 4 good years of back and forth in my trading journey. I ignored Time... unbeknownst to me that I was also ignoring price too by doing that...and I paid dearly for my ignorance ![]() Understand this: ---TIME is useless if market isn't at a PRICE point(price distribution array --breaker blocks, order block, fair value gaps etc) ---And PRICE(order blocks, fvg, breaker blocks etc) is USELESS if it isn't happening at a specific time(killzones, Macros etc) they are connected Check your charts. That's what the financial markets IS ALL ABOUT X axis of your chart= TIME Y-axis of your chart= PRICE Understanding this unlocks that door to understanding ![]() ![]() zemaye: 1 Like 1 Share |
Re: Forex Market Algorithm IPDA part 2 by zemaye: 8:00am On Jun 26 |
still wrapping my head around this concept! am excited for when it will all come together IAmHim1: 1 Like 1 Share |
Re: Forex Market Algorithm IPDA part 2 by zemaye: 2:08pm On Jun 30 |
It looks to me like it will end bullish IAmHim1: |
Re: Forex Market Algorithm IPDA part 2 by IAmHim1: 9:21pm On Jun 30 |
Re: Forex Market Algorithm IPDA part 2 by FxExpo(m): 7:01pm On Jul 02 |
Good day boss I just come across this thread and I hope I'm not late, what you posted here is an eyes opening thank you so much. ICT month 01 content 8 videos is that the correct one? IAmHim1: |
Re: Forex Market Algorithm IPDA part 2 by zemaye: 10:02pm On Jul 02 |
let me attempt so the last candle that appear bullish has already shown willingness to close higher as the it is currently trading away higher than its initial last day close and current open I hope It make sense ![]() IAmHim1: 1 Like 1 Share |
Re: Forex Market Algorithm IPDA part 2 by zemaye: 10:03pm On Jul 02 |
let me answer before he comes yes it is the correct one FxExpo: 1 Like 1 Share |
Re: Forex Market Algorithm IPDA part 2 by IAmHim1: 11:18pm On Jul 02 |
Yes, It is. And quite frankly, I know I've dropped something hot but I really don't know the Depth of it...cus you see, I work on people's material and create something out of it...from Pukkalolo to Ubunja to Helpyourself to Pansophist...all Nairalanders to evey nonNairalander in my signature and my followership... I come online and I see people people with the potential to learn like myself and I feel encouraged. I know someone out there will read this and have his or her epiphany in these financial markets and make a killing of it whilst also creating something out of my work too I've dropped a bomb...but I really can't tell its impact now. And no, you're not late...no one is as far as this thread is concerned FxExpo: 1 Like 1 Share
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Re: Forex Market Algorithm IPDA part 2 by IAmHim1: 11:26pm On Jul 02 |
It does make sense But here's your Achilles: As a concise trader, what you're expecting from the range of a daily candle IS NOT THE CLOSE ,BUT THE DRAW ON LIQUIDITY OF THAT CANDLE WHY ![]() because most time a candle might be going bullish and end up closing BEARISH or a candle might be going bullish, hit its draw on liquidity and RETRACE and close with a long wick That 'RETRACE' means bearish move and that could end up eating your profits you made being bullish Your concern shouldn't be a candles close whether a bullish candle or a bearish candle....what you should be concerned about is WHERE IS this candle likely to draw to...is it to take out liquidity or to rebalance a fair value gap. One you get that, That's your bias Your bias is the draw on liquidity NOT the candle close Then you start to apply TIME. New York midnight open, Asia, London, am session,lunch hour, pm session etc Whenever asia consolidates, London should expand whenever London consolidates, new York should expand Large session followed.by consolidation session That's for forex pairs For crypto and indices, if London session expands in big ranges, avoid am sessand look to trade lunch or pm.session I could type in and on....it all depends on the draw on liquidity or if price wants to rebalance an imbalance Go to your charts and align your time to New York as I've taught in this Post zemaye: 1 Like 1 Share
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Re: Forex Market Algorithm IPDA part 2 by IAmHim1: 11:33pm On Jul 02 |
Observe the time in that Ethereum chart I posted up 9:30 am -12 pm NY Time = am session 12pm -1 pm NY Time = Lunch session 1:30pm -4 pm NY time= pm session Ethereum was bullish in the am session It hit the draw on liquidity in the Am session and reversed in the lunch hour. Then it broke structure in that lunch hour INTO that breaker. Then price sold off into the PM session |
Re: Forex Market Algorithm IPDA part 2 by IAmHim1: 11:44pm On Jul 02 |
![]() zemaye: 1 Like 1 Share |
Re: Forex Market Algorithm IPDA part 2 by FxExpo(m): 4:54am On Jul 03 |
Thanks for this info, I have to be sleeping here for full understanding IAmHim1: 1 Like 1 Share |
Re: Forex Market Algorithm IPDA part 2 by IAmHim1: 12:07pm On Jul 04 |
Gloomy days ahead for Bitcoin IF and IF the lows at 56,500 gets taken out, I'm looking for a dip further into the balanced price range at the 2 horizontal line I've drawn out. and if you note, the Balanced price range, BPR, is in line with the bullish breaker I outlined in the second picture Since Bitcoin is paired with the dollars, a drop in Bitcoin is gain in the dollar....and a gain in the dollar is a drop for foreign currencies. Euro/usd etc drop Prolly US is strengthening interest rates or working in background, financially ![]() They've induces a lot of people to dump their fiat money into their fiat Bitcoin and they have to liquidate a lot of bullish positions before they finally decide to liquidate that buyside liquidity resting above 73k + For more context why I keep saying Bitcoin is the ALMOST perfect organized crime by the united State ITSELF https://www.nairaland.com/8124290/imaginary-satoshi-world-crypto-markets 1 Share
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Re: Forex Market Algorithm IPDA part 2 by IAmHim1: 12:21pm On Jul 04 |
Finger$ crossed ![]() |
Re: Forex Market Algorithm IPDA part 2 by IAmHim1: 5:41pm On Jul 04 |
Analysis Bitcoin to take out the buystops at 59110 in the lunch hour And then PM session should see a stop hunt and reversal down to the lows....in line with my first analysis Or PM session could just consolidate SINCE it came out of an expansion that DID NOT come out of a consolidation Remember, the Market cannot consolidate, expand and consolidate again. That's not how it was coded Finger$ crossed ![]() 1 Share
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Re: Forex Market Algorithm IPDA part 2 by IAmHim1: 6:35am On Jul 06 |
Update on analysis: I called Bitcoin dipping lower to the balance price range level at $53,144 Price has delivered handsomely to that level HOWEVER, my TIME delivery was off I wanted the PM session of that day to take out the highs at $59,181 (since buystops reside above those highs) and reverse to my balance price range level at $53,144. That didn't happen. Lunch did expand and PM session DID consolidate...but lunch hour expansion didn't take out the buystops at $59,181 So that's that. Perfection is the CHASE of excellence. and not a one stop get it. The moment you stop chasing excellence, you become imperfect! More studies!! 1 Share
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