I have shown you the purpose of the ADR. It helps guide your expectation as the trading day progresses.

Flying Dutchman

You have to do it on you own. You have to acquire the macro analysis knowledge and the mental strength to trust your analysis. Confidence comes from practise.

Flying Dutchman

Hi whitesta, you did a great job posting your real time macro analysis. The whole point of the exercise is to remove all the other "stuff" keep you focused and orientated on the dol. This is the first chapter of intraday trading. The other aspect ...

Flying Dutchman

About mental toughness which was discussed earlier, when price touch dol, traders has to decide whether market will trade above or below dol. Most traders shy away from answering this question out of fear. This dol question is asked repeatedly every ...

Flying Dutchman

About 161.37 level going into NY session, this is where market shows it's intent to trade towards dol - trading opportunity that pose the same question whether market will trade above or below dol.

Flying Dutchman

Hi angelofx, read Danger-Mouse post and my reply.

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Hi Danger-Mouse, about the 60% ADR reference you are correct. As to why ADR20, I assume 20 trading days for the month - a ballpark figure to work with. Cheers

Flying Dutchman

Market has risen from the low to 161.371 going into NY market, interesting level. Right now, market trades 51pips below - 161.245. Dol - 161.759, high 161.884, low 160.832, day range - 106pips, ADR20 - 179pips (59%)

Flying Dutchman

Ok, the "low hanging fruit" trades are the 2nd and 3rd GY trades, and the pullback dax long trade. These trades must be your bread and butter trades. Cheers

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Hi Turnip, cable move mostly in tandem with GY. Read my replies to whitesta. Cheers

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Hi turnip, the best dax trade is the long trade at the pullback low 13126 on the way up. In such a wavy market around dol at trend low, it's better for the market to commit the reversal direction above dol first. Cheers

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Correct. Question, now looking back, which of these 3 different trades suit your personality? Which are you comfortable with and feel confident? The purpose of this question is to learn about yourself - when you perform best.

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Bingo! May I add, never take trade outside of your macro analysis. Be alert when "blindness" hit you. If you want the profit, do what's required of you. Market waits for no one. Cheers

Flying Dutchman

Hi whitesta, if you are confident of just one trade you're doing great. Traders need just one intraday trade a day to be successful. The first Tokyo open trade requires you to be certain with your macro analysis that market trade weak below dol. At ...

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Here's my input although it's hindsight since the purpose is for you to make macro analysis in real time market. Today's value intent is an extension of what I wrote yesterday - look for short trades. You are correct with your below dol analysis, ...

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Right now, market trades 31pips below - 161.443. Dol - 161.759, high 161.884, low 161.158, day range - 73pips, ADR20 - 179pips (40%) Comment - will this market expand to break day high or low or both or none?

Flying Dutchman

Thanks whitesta for the update. Keep updating whenever you have the time. Till London close. Right now, market trades 49pips below - 161.263. Dol - 161.759, high 161.884, low 161.158, day range - 73pips, ADR20 - 179pips (40%) Comment - the market is ...

Flying Dutchman

Ok, the answer is GY - below. There is no correct or wrong answer. We are all guessing. The point of this exercise is to record down your guess. Your guess is derived from what you see on the chart real time. Right now, market trades 10pips below - ...

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Hi whitesta, it's good to express your real state, where you're at right now. You're not alone. And I'm not surprise - I know from reading your posts. Let's me try to help you move forward. If you're willing. First off, the metrics you use is too ...

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The fake solution that we're taught to combat this "blindness" state is top down analysis approach, ie. higher tf. This top down analysis approach is not the magic pill to cure this "blindness" state. Do you know why we read intraday trading cannot ...

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