₦airaland Forum

Following your write ups ..

I like the fact you mentioned Deriv , Deriv synthetic indices , as I've learnt were purely built on Algorithm, not affected by any Fundamental Analysis but a closer follow up on them , there are liquidity sweeps too , don't matter ones entry at Demand levels or supply , Fair value gaps , inefficiency or efficiency, order block etc ..

But my question is , Algorithms that forex movement was created basically on , were first used by who , what or how ?

Because I believe anything built , may have been in existence before digitalized or whatsoever it might be ..


I'll need more explanation on that ..

I am a listener and I like this topic you raised ..

I am a forex trader and really love to learn more..
I trade basically on price actions, uses those basic strategy like FVG , top down, supply and Demand , ( no indicators .)
I've trade, currency,stock,metal, synthetic on Deriv,crypto as well ..

..Thank you

Well , you spoken well , I don't trade every assets, I have my two, 3 I trades ..
What I really mean is I am aware of those things .. I said , I like to learn a lot .. not jumping from this to that ... When I first heard of their explanation about algorithm back then , I created account with them to study them ( Deriv ) to see all of this things. I knew Simulated pairs can never be real , that is their case to me ..

Well , thank you anyways ..

Well said, but there are a few problems.
1. If it is only an algorithm that controls the market why do rugpulls exist in crypto market. Whales are the ones who causes rugpull.

When Elon used to tweet and the market would pump, was the algo moving price there or people.

2. What controls the price of commodities like oil and grain. If there is a fire that burns 100km2 of tea farm in congo will the algorithm price It in and move the market down. Or will supply and demand move price.

3. Does the algo also control companies stock. If no, how then does it control Dow or S&P, when these are culmination of many companies stock.

Also be careful of ICT. A man that cannot show results from what he himself teaches must not be taken too seriously.

PS don't waste all your time with his new garbage, just maybe use a little of the 2022 mentorship. Forget about 2016 to 2020 stuff, most of it is just noise.

If you don't know all that is ok, I am happy you said the reader will arrive at his truth, because the market is what you make it.

1. Crypto is decentralized so there is no funny algo moving price. It is mostly speculation.
2. For commodities (oil and tea) it is supply and demand. Why did oil go negative during COVID, nobody was buying oil. When demand returned, price went up.

3. If the minor (M5 and M15) moves can be produced from me and you, doesn't the M15 give birth to H1 and H1 to daily and so on.

Let me explain to you why price moves from my point of view.

Price moves on two legs (structure and liquidity). Structure dictate where price is going, Lq tells us how price will get there. Both are generated by many things (economic policies, supply and demand, etc.)

Finally, ICT said he coded the algo, do you believe him

Reverseng:
As I've said

I do not know everything

1) Using what I've written, you the reader is left to think and put things together and arrive at Truth

I'm not into crypto so I do not know what a rug pull is neither do i care about it. It's out of my focus

Ask yourself coldnigger, if whales selling is what causes rug pulls, then whales will never be encouraged to sell.

If a hypothetical whale had 100 of a commodity, say Bitcoin, then by selling 50, they'll be left with just 50

They can't buy it back because other people would have bought the 50 they sold.
Since it's believed that the quantity of Bitcoin is called at 21million

So why would a whale want to sell their Bitcoin. Selling their Bitcoin will take them to small fish level, shouldn't it

And I know you'll argue " what are you saying. Buy they can buy it back"

So why is it that whales will buy Bitcoin but Bitcoin will still keep pressing lower?
Shouldn't their large 'buying volume' cause price to reverse and move higher

There's manual intervention of price on a central bank level. Bitcoin wasn't created by a japanese in a cave who decided that enough was enough with paper money.

Americans and japanese don't see eye to eye.
Japanese have created electric cars that's affordable than teslas and others that America's sell. And American government have fired sanctions and trade barriers on them

So then you ask yourself

Do you think the ALMIGHTY AMERICA would allow a japanese to come and devalue THEIR MIGHTY DOLLAR!!?

How much is dollar to Bitcoin now?
$90,000 = 1 japanese Bitcoin
Meaning to buy Just 1 japanese currency, you need not 10,000$ not $20000, but $90,000+! Of America dollar.

That's a massive devaluation of the world mightiest currency don't you think


One japanese currency devalue the almighty dollar and America is folding her hands instead if looking for reason to go into war with Japan?

Why can't America create their own Bitcoin?

Answer: They already did. And they call it Bitcoin

😂😂 Nobody talking about control, or being in charge. Trade what you see on the charts, forget about CBDR, IPDA or other imaginary things.

Being profitable with an edge is what counts not being right. The thing with ICT student is that they want to know everything so ICT keeps giving them imaginary things to think about.

Like I said, focus only on 2022 mentorship and block out other things

Enjoy your day

Reverseng:
Believing is seeing not seeing is believing

When you believe, you'll start to see

You don't believe what I wrote here because you don't like the feeling of powerlessness. So you won't see it. Even if it's in front of your eyes
Imagine someone telling you that your buying and selling pressure don't moves any financial markets.

You love to be in control but you reject the accountability that comes with control. You can only control yourself. You falsely think you're in charge of things outside your control like the financial markets. I laugh