Hi Turnip, you're too zoomed in on the 1m chart to get an orientation of the market. Suggest to watch together with m15 chart. Bilal watch htf charts too. Cheers

Flying Dutchman

Excellent question. Like everything commercial, there are long term, mid term and short term value intent. Together form the complexity of the market ecosystem.

Flying Dutchman

Hi KevinZeng, like what GEfx wrote earlier market is approaching armageddon level. Look at cov19 2020 that mark this level. So be extra cautious trading this highly risky market. Cheers

Flying Dutchman

Exactly!

Flying Dutchman

Those pros can't justify their decision based on retail tools, right? There are authorisation protocols in place. That's why retail ideas tend to be not in sync with the real interbank fx market, different worlds. It's open secret the forex ...

Flying Dutchman

Both, simple tools(makes it hands free) used with understanding by studying equations. Education is necessary.

Flying Dutchman

I will say this 2 sentences about fibs on forum. Fibs is overdone for targeting. (For targeting simple statistical deviation is sufficient.) Fibs is useful for demarcation.

Flying Dutchman

No, it's difficult to draw fibs on the phone. (And yes I did experiment with manual fibs to match up with a continuous fib.) Do you expect professional traders move market according to fibs? Does this supposition make sense? Earlier I told you I ...

Flying Dutchman

Hi FMA, G$ update. I posted the chart reducing the y-axis to show that blue box during the weekend. Example of value intent. This word intent speaks of the future. There's no trading yet, there's no pattern, no momentum to read. Absolute nothing. ...

Flying Dutchman

Hi guys, it took me a while to figure out how to communicate to readers on FF that the reason behind the high failure rate in this Forex business is not poor trading strategy, bad indicators or patterns, high leverage, bad money management, lack of ...

Flying Dutchman

Hi whitesta, that's why I take the trouble to make so many posts that address this topic about blindness. That's not talked on FF or anywhere. url url url url url Successful traders found ways to overcome to a degree this blindness that ...

Flying Dutchman

Nice Ihlas Here's more, Bitcoin. What volume? url

Flying Dutchman

Hi whitesta, every trader go through this same experience. On this thread you get the benefit of experienced traders talk Forex market. You get insights how we see and trade this market. You collect knowledge. However, in live market there's another ...

Flying Dutchman

About G$, everyday this week this pair traded much lower than pdl. Except Friday, when all the majors weaken against dollar NY session it barely broke low and close higher. Why?

Flying Dutchman

I made the comment here, days ahead before it happen. Throughout the week, E$ was doing just that. When G$ and the rest of the majors traded strongly against usd the hour after nfp, this fall is on the card. Go watch your sitcom come back at the ...

Flying Dutchman

Since I shoot for 50pips or nothing, I trade at day high or low mostly. EU hit day high after Nfp had no option but to value lower. Last value trade for the week. Enjoy your weekend everyone, cheers

Flying Dutchman

Hi Turnip, the standard response to anyone who post chart analysis or trades is this same one question, Why do you think at that moment you mark on your chart or at the point you took the trade that the value of the currency might rise or fall and ...

Flying Dutchman

I thought your posts were great. I like your charts and your thought behind it that make others think. It'll be good if you continue to post more often. Imo there should be plenty of different points of views that members can see how different folks ...

Flying Dutchman

Hi FWR, I've asked a lot of difficult questions on this thread. Crickets too. These are hard questions aimed at the core of the assumptions. The most common answer is I don't need to know.( Because Idk) My advise to new traders is to spend time ...

Flying Dutchman

Hi GEfx, that's the central part of my style as well. I won't trade unless this is triggered. This essential step is to mitigate the risk, part of the risk management protocol. We think very much alike, but no surprise we are taught similar stuff ...

Flying Dutchman