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Flying Dutchman

  • #4,561
  • Dec 24, 2022 3:55pm Dec 24, 2022 3:55pm
Quoting turnip15
{quote} I wish I was mathamatically able. But I wonder what the frequency of times is where the price leaves and RETURNS to the session opening line as per your gold chart for example?
You don't need maths, use the built in fib tool. Set at 3 levels, 0%, 50% & 100%

Frequency is easy to see, look for Doji candles on a daily chart, open & close of day should be almost the same.

What does happen frequently is previous highs & lows are visited regularly by price, now is that useful ?
It never gets easier, you just get better
  • #4,562
  • Dec 24, 2022 5:16pm Dec 24, 2022 5:16pm
Quoting Shabs19
{quote} You don't need maths, use the built in fib tool. Set at 3 levels, 0%, 50% & 100% Frequency is easy to see, look for Doji candles on a daily chart, open & close of day should be almost the same. What does happen frequently is previous highs & lows are visited regularly by price, now is that useful ?
Thankyou young man. You have made my Christmas merrier.
Enjoy the holiday and have a prosperous New Year
every Saint has a past. Every Sinner has a Future
  • #4,563
  • Dec 24, 2022 5:26pm Dec 24, 2022 5:26pm
Quoting turnip15
{quote} Thankyou young man. You have made my Christmas merrier. Enjoy the holiday and have a prosperous New Year
you also, enjoy the break and wishing all a prosperous New Year.
It never gets easier, you just get better
  • #4,564
  • Dec 24, 2022 7:10pm Dec 24, 2022 7:10pm
merryxmas to some of the people in this thread may your trades be fruitful
people leave, but this thread will go on for ever
  • #4,565
  • Dec 24, 2022 10:04pm Dec 24, 2022 10:04pm
Quoting Aussi
merryxmas to some of the people in this thread may your trades be fruitful
And to you too Aussi! Have a good one.
  • #4,566
  • Dec 24, 2022 10:09pm Dec 24, 2022 10:09pm
Wow, I mean just Wow! You know I'm just going Wow.

I can't post on this silly site to a forum that requires yellow credentials.

This is a good one. This Etienne character is pumping out some great interviews.
Inserted Video


All the best everyone.
  • #4,567
  • Dec 24, 2022 10:16pm Dec 24, 2022 10:16pm
Quoting FocusWinReal
{quote} And to you too Aussi! Have a good one.
thank you mate and i wish you and your family a great day to day and a great year of trading
people leave, but this thread will go on for ever
  • #4,568
  • Dec 24, 2022 10:20pm Dec 24, 2022 10:20pm
Quoting Aussi
{quote} thank you mate and i wish you and your family a great day to day and a great year of trading
Thanks mate.
  • #4,569
  • Dec 25, 2022 1:46pm Dec 25, 2022 1:46pm
Merry Christmas to All,,

My gift is this photo and what I write,,,,some will toss it aside as ah yeah ive heard this all before..I just want to make 25-50-100+ pips a day..
Tell me how to do that instead of this new age psycho babble...If you think that..then this is really for you,,,,,

Please understand one thing. The most important factor in trading,,,,
Your trading success relies on one thing and one thing only,,, YOU

Of course you need a method,,,you need risk mgmt,,, you need personal performance(i.e execution) etc etc
You need many things,,, and at the root of everything is You... Everything boils down to you.

You are in Control of All. When the market tried to shake you out it tests your confidence,,,
Stay strong and dont fold your hand... Accept the outcome. Whether it leads to SL or a TP,,,,

For no matter how good your method is,,no matter how good your risk mgmt. plan is,,,,None of that matters
if you arent in control of you,,You will still screw things up.

In my personal experience you should first start with building a method that had an edge in the market.
It is this that will then build confidence in yourself...and thats the primary ingredient of the YOU...
Is Personal Confidence,,,

It is your confidence that will let trades hit your SL as you know its just part of the game.
It is your confidence that will let your trades run to your TP.
It is your confidence that will not let the market shake you while it decides outcome.
It is your confidence that will get you thru drawdown.

So many things I think you get my point.

Build your method whatever it is...one with edge,,,one that will build your confidence,,,then build your execution skills with
repetition.... Build your Process,,,

SO once you have a viable method that gives you confidence, Focus 100% on your process of execution and trade mgmt.
Forget about outcome based goals,,, Your sole focus should be on your method and process based execution.
Let that build your confidence. Knowing that by sticking to your process you will achieve positive outcome.

Focused Practice with discipline,,,building confidence in your process,,,in yourself,,,to achieve eventually your desired outcome
The true question is not can you beat someone else,,,The true question is can you beat yourself,, can you be a better person.
Let go of your EGO and be a better person in all aspects of life and watch your trading improve...
That is the secret to your success,,,,,,

Merry Christmas Happy Holidays To All,

Kevin

Attached Image (click to enlarge)
Click to Enlarge Name: Trading You vs You.jpg Size: 131 KB
Master your Mind,,,Master the Market
  • #4,570
  • Dec 25, 2022 2:46pm Dec 25, 2022 2:46pm
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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It never gets easier, you just get better
  • #4,571
  • Dec 25, 2022 2:55pm Dec 25, 2022 2:55pm
Quoting bluesteele
Merry Christmas to All,, My gift is this photo and what I write,,,,some will toss it aside as ah yeah ive heard this all before..I just want to make 25-50-100+ pips a day.. Tell me how to do that instead of this new age psycho babble...If you think that..then this is really for you,,,,, Please understand one thing. The most important factor in trading,,,, Your trading success relies on one thing and one thing only,,, YOU Of course you need a method,,,you need risk mgmt,,, you need personal performance(i.e execution) etc etc You need many things,,,...
well said bluesteele all the best to your trading.
  • #4,572
  • Dec 26, 2022 2:11pm Dec 26, 2022 2:11pm
A couple of PDFs from Tom Dante

Good short reads.......

Attached File(s)
File Type: pdf Tom Dante 22 yrs trading Pt1 PT2.pdf   25 KB | 559 downloads
Attached File(s)
File Type: pdf Tom Dante The progression of a trader Surviving to thriving A thread.pdf   30 KB | 459 downloads
Master your Mind,,,Master the Market
  • #4,573
  • Dec 26, 2022 8:28pm Dec 26, 2022 8:28pm
Dear Sir @Bluesteele, let me ask if this is a stupid questions,how do i know should i buy or sell at 50 line?
  • #4,574
  • Dec 26, 2022 9:40pm Dec 26, 2022 9:40pm
Quoting Trangnguyen5
Dear Sir @Bluesteele, let me ask if this is a stupid questions,how do i know should i buy or sell at 50 line?
No stupid questions For the sake of simplicity I will only discuss the 50%... I simply wait for the 1 hour equity box to close.
(The age old name for this is an Opening Range...some have put a new spin on it and call it a Defining Range.)
So we wait for the BOX to close..We then wait for price to hopefully retest "something" in the O.R. We want some confluences.
It can be the Equity Open the Daily Open,,It can be a FVG etc...etc...etc....and it can be the 50% mark...then I look for multiple
confleunces at those areas to pull the trigger.

Now how do you know if you should be long or short...The simplest is to wait for a break of the O.R. box...A 5m candle needs to close
outside of that box...That sets Bias long or short. Many times the market will just run once the box is broken..But often it will take a
breath and come back and retest a "level"... Really as simple as that. Best to learn one setup..study it..backtest it..trade it demo..then
eventually trade it live....

Study these charts and see the patterns,,,

https://www.forexfactory.com/thread/...1#post14265941

https://www.forexfactory.com/thread/...2#post14265972

https://www.forexfactory.com/thread/...3#post14265973

https://www.forexfactory.com/thread/...1#post14265981


Hope this helps

Cheers
Blue
Master your Mind,,,Master the Market
  • #4,575
  • Dec 26, 2022 10:08pm Dec 26, 2022 10:08pm
Quoting bluesteele
{quote} No stupid questions For the sake of simplicity I will only discuss the 50%... I simply wait for the 1 hour equity box to close. (The age old name for this is an Opening Range...some have put a new spin on it and call it a Defining Range.) So we wait for the BOX to close..We then wait for price to hopefully retest "something" in the O.R. We want some confluences. It can be the Equity Open the Daily Open,,It can be a FVG etc...etc...etc....and it can be the 50% mark...then I look for multiple confleunces at those areas to pull the...
Hi blue,
It seems that the time ranges for your box are different.
Sometimes it is GMT 9.30-10.30,Sometimes it is GMT 10.30-11.30.
  • #4,576
  • Dec 26, 2022 10:29pm Dec 26, 2022 10:29pm
Quoting bluesteele
Merry Christmas to All,, My gift is this photo and what I write ... Merry Christmas Happy Holidays To All, Kevin {image}
Well done, Kevin!
  • #4,577
  • Dec 26, 2022 11:36pm Dec 26, 2022 11:36pm
Quoting KevinZeng
{quote} Hi blue, It seems that the time ranges for your box are different. Sometimes it is GMT 9.30-10.30,Sometimes it is GMT 10.30-11.30.
Hi Kev,,,,

Sorry for the confusion as I had templates mixed up and the offset on my indi was off.

Heres the same chart one with London GMT one with New York GMT-5

Times are for the open of the equity markets... Tokyo/London/New York

Cheers
Blue

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY OPENING RANGE TIMES LONDON.png Size: 45 KB
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY OPENING RANGE TIMES NEW YORK.png Size: 46 KB
Master your Mind,,,Master the Market
  • #4,578
  • Dec 26, 2022 11:43pm Dec 26, 2022 11:43pm
Quoting bluesteele
{quote} No stupid questions For the sake of simplicity I will only discuss the 50%... I simply wait for the 1 hour equity box to close. (The age old name for this is an Opening Range...some have put a new spin on it and call it a Defining Range.) So we wait for the BOX to close..We then wait for price to hopefully retest "something" in the O.R. We want some confluences. It can be the Equity Open the Daily Open,,It can be a FVG etc...etc...etc....and it can be the 50% mark...then I look for multiple confleunces at those areas to pull the...
thank you sir, i have read most of your post and what confuses me is about the time of the boxes, i feel it is not uniform. Can you tell me more about the time of the boxes?
I have received the answer above thank you very much!
  • #4,579
  • Dec 26, 2022 11:53pm Dec 26, 2022 11:53pm
Quoting Trangnguyen5
{quote} thank you sir, i have read most of your post and what confuses me is about the time of the boxes, i feel it is not uniform. Can you tell me more about the time of the boxes? I have received the answer above thank you very much!
Glad that clears it up
Master your Mind,,,Master the Market
  • #4,580
  • Dec 26, 2022 11:54pm Dec 26, 2022 11:54pm
Quoting bluesteele
{quote} Hi Kev,,,, Sorry for the confusion as I had templates mixed up and the offset on my indi was off. Heres the same chart one with London GMT one with New York GMT-5 Times are for the open of the equity markets... Tokyo/London/New York Cheers Blue {image}{image}
Hi blue,
Thanks for the reply.
It is right for Tokyo/London open time.
New York open time is @GMT 13.30, but your chart [email protected]?
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