- Search Metals Mine
- BWilliam replied Jul 12, 2022
Hi whitesta, let me make the final post about value trading. Yesterday, I pointed repeatedly to watch how the GY market close in relation to pwol. Look what happened today early Asia session. Whatever you decide for yourself, consider all the facts ...
Flying Dutchman
- BWilliam replied Jul 11, 2022
Let me explain the reason why I wrote don't scalp. Ofc we can scalp the same way we swing trade. Lets say the average scalp result is 5pips. And in a 5hrs session there are 10 average number of trades. 5pips * 10trades = 50pips We know that among ...
Flying Dutchman
- BWilliam replied Jul 11, 2022
Hi DM, yes there's always some gap between the close and open line that cause a headache. I always chose the close line then compare it with open line and with a few brokers. If there's a large gap I take note during the new day and zoom out to see ...
Flying Dutchman
- BWilliam replied Jul 11, 2022
Hi whitesta, to complete and summarise everything I wrote. The important things are the open/close lines that tell you everything. G$ fell 150pips from the open right in front of your eyes yet traders can't see. GY fell almost 150pips from the high ...
Flying Dutchman
- BWilliam replied Jul 11, 2022
The clues were already there on the chart last Friday. G$ NY session push up Friday was intended for target1. That push is not even close to the Asia session high. Price is not near pwol - compare this to GY. E$ expected to continue to trade towards ...
Flying Dutchman
- BWilliam replied Jul 11, 2022
Hi whitesta, your GY sell trade mark by the arrow is good for 50pips. But it's the difficult trade to take with lots of waiting and fighting buyers volatility. You take this type of difficult trade when there's no easy trade during your trading ...
Flying Dutchman
- BWilliam replied Jul 11, 2022
Hi whitesta, here's the thing. Buy in the buy hemisphere and sell in the sell hemisphere. Anytime today, Do you plan to buy G$ or GY? Do you plan to sell G$ or GY? If you have 50pips profit target in mind. What's the difference, if any? (the key ...
Flying Dutchman
- BWilliam replied Jul 11, 2022
Hi whitesta, I wrote this weekend to watch MSpro traders who will make a decision. url G$ has fallen one way and GY is now trading slightly below dol(GY - watch last week wol, above or below?). Do you expect that to happen in Asia session? If the ...
Flying Dutchman
- BWilliam replied Jul 10, 2022
Nice, we now know you are misquoted. As an algo math trader, I can agree with you. Like you who use your indicators and delta flip, I do use many other stuff that I don't talk about on forums. But that doesn't mean that others can't trade without ...
Flying Dutchman
- BWilliam replied Jul 10, 2022
This is how they look on the 5m chart. It looks better on the 5m chart than the 1m chart that's too zoomed in. Reminder - the question is "at what point do you know...?" Ok, I don't want to turn this into a signal service. And it takes time to type ...
Flying Dutchman
- BWilliam replied Jul 10, 2022
Here's G$ and GY chart for Monday Asia live market. We can see both G$ and GY zoomed up last Friday. The aim is target1. G$ is clearly less bullish when we measure it against the pwol. And this morning it clearly trades below the dol. GY, otoh, ...
Flying Dutchman
- BWilliam replied Jul 10, 2022
You are correct Pete, that's what Kev wrote many times. You are also correct that traders can trade in the washing machine. On the 1m chart you and scalpers trade in the outer part of the organisation in this smaller world. There's no difference ...
Flying Dutchman
- BWilliam replied Jul 10, 2022
Hi whitesta, what do you think right now, market trade above or below dol? Or put it another way there's no pressure, when do you think you know?
Flying Dutchman
- BWilliam replied Jul 10, 2022
Hi Pete, talking about a well organised market. People don't realise how well organised it really is. I post those market structure calls to open people's eyes and mind how well organised this market is. I had to make that many calls to rule out ...
Flying Dutchman
- BWilliam replied Jul 10, 2022
Hi Andy, I don't have much empathy for people who join scams to scam the market. My scam spidey sense tingles when I read such things. Cheers
Flying Dutchman
- BWilliam replied Jul 10, 2022
Hi ryuryu, all traders have our own beliefs. I wrote I understand you, what you wrote and why you wrote them. I don't have issue with what you wrote. Perhaps other members may have issue but I don't have. I mind my own business. You wrote you ...
Flying Dutchman
- BWilliam replied Jul 10, 2022
In ryuryu/Rick case, they staunchly believe in their delta indicator to the extent that they can't believe anyone can trade Forex successfully without it. How can anyone trade blind without this volume data? At least they believe they can't and this ...
Flying Dutchman
- BWilliam replied Jul 10, 2022
Hi Kev, most of us on this thread don't need volume to trade. Ryuryu somehow learnt from Rick that there's no way to trade the forex market without volume data. And it may be true for them but thats surely not true for everyone. Yes, I agree there ...
Flying Dutchman
- BWilliam replied Jul 10, 2022
Hi GEfx, as usual very well explained. Forex traders have to read what you wrote to get the correct picture how the real FX market work. Our job as retail Forex traders is to use whatever means to try to read the narrative on the left of the chart ...
Flying Dutchman
- BWilliam replied Jul 10, 2022
Hi Onra & Dean, this is what Moodybot wrote - This is what was written many years ago. When delta traders scalp they know where price will be next few seconds. They know 50times during their trading session. And they are correct 90+% of the time. ...
Flying Dutchman