Flying Dutchman | Page 347 | Metals Mine

Options

Go to
Permalinks
Print Thread

Similar Threads

Equity millipede & Flying Buddha trading journal 9 replies

Flying buddah pattern 20 replies

Build an Equity Millipede with the filtered Flying Buddha 171 replies

Flying buddha pattern 12 replies

16/10/'07 - Crude oil and Greenback flying in opposite directions. 0 replies

Attachments: Flying Dutchman
Exit Attachments

Flying Dutchman

  • #6,921
  • Mar 19, 2023 6:32pm Mar 19, 2023 6:32pm
Quoting spzd
{quote}
It is a constant expansion/contraction process. Some of their targets make sense. Some I have to scratch my head. I am working on setting a thesis for potential trades during my trading window based on my perception with the tools I use.
In the final word, if we trade, we all make that prognostication when we buy or sell.



us vs us, you vs you, AND
in ALL of life imo, not just trading.

There are spots in the market-moving price process that I will tag as "aggregations" when I feel the Larger market has 'too many' retail in their direction and they need to either SHAKE the tree or BECALM it. Both actions put a strain on Trader emitions and some traders will HAVE to respond (one way or the other), and then the market can go back to its directional business again. imo. Now Big Boy time Lond/NY another style, do NOT take them on just because you think you are right, or the market in Asia or Franky was right. THEY, at pressnt, are right, and always (well after the F'N'F's maybe lol)
  • #6,922
  • Mar 19, 2023 6:41pm Mar 19, 2023 6:41pm
Quoting TimeTells
{quote} us vs us, you vs you, AND in ALL of life imo, not just trading. There are spots in the market-moving price process that I will tag as "aggregations" when I feel the Larger market has 'too many' retail in their direction and they need to either SHAKE the tree or BECALM it. Both actions put a strain on Trader emitions and some traders will HAVE to respond (one way or the other), and then the market can go back to its directional business again. imo. Now Big Boy time Lond/NY another style, do NOT take them on just because you think you...
Sometimes, these things we call stop hunts, tend to be step grinds to the point they have chosen, then slam the door. Serves two purposes. To shake out "weak" traders in their direction and to get others to go in the direction of said "stop hunt".

And for my initial theory to hold that is what I need. If not look for something else.
Mark ... Everything you have been told is a LIE
  • #6,923
  • Mar 19, 2023 6:50pm Mar 19, 2023 6:50pm
Soft Yen news in 2 mins.

Anyway, last chart this morning, all the same as always imho, it's just what they do.
How will 'you' trade it, if at all, is the only question.

Trade safe guys

.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM5 up and down to where.png Size: 17 KB
  • #6,924
  • Mar 19, 2023 6:53pm Mar 19, 2023 6:53pm
Quoting TimeTells
Soft Yen news in 2 mins. Anyway, last chart this morning, all the same as always imho, it's just what they do. How will 'you' trade it, if at all, is the only question. Trade safe guys . {image}
They decided to pause in the middle ... Those are my two initial spots looking to go south.

Attached Image (click to enlarge)
Click to Enlarge Name: !-2023.03.19-GBPJPYM15.png Size: 32 KB
Mark ... Everything you have been told is a LIE
  • #6,925
  • Mar 19, 2023 7:02pm Mar 19, 2023 7:02pm
Quoting TimeTells
Soft Yen news in 2 mins. Anyway, last chart this morning, all the same as always imho, it's just what they do. How will 'you' trade it, if at all, is the only question. Trade safe guys . {image}
The Big Dogs even read faster than me ...
Mark ... Everything you have been told is a LIE
  • #6,926
  • Mar 19, 2023 7:05pm Mar 19, 2023 7:05pm
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot-www.forexfactory.com-2023.03.19-16_31_30.png Size: 47 KB


Really ? TA is to blame for traders failing....Laughable at best....Typical of those who cant accept responsibility for their actions.
As George would say... Ignorant Amateurs !

North of 60 or 70 million retail trades analyzed over a period of a number of years and the numbers really dont lie..Unlike illinformed misleading members would try and make you believe... That its not the individual trader OH NOOO its actually YOU...Take a long hard look in the mirror thats whose fault it is.
Not your Broker...not your indicators YOU and only YOU...

Sooooooo Here ya go and if you can not figure it out from this Your lost...Go FLip Burgers and GIVE UP NOW...

David Rodriguez "Quantitative Analyst" analyzed many yeasr of retail traders data from FXCM...as I said above 60+ million trades

Let’s use EUR/USD as an example. We see that EUR/USD trades were closed out at a profit 61% of the time, but the average losing trade was worth 83 pips while the average winner was only 48 pips. Traders were correct more than half the time, but they lost over 70% more on their losing trades as they won on winning trades. The track record for the volatile GBP/USD pair was even worse. Traders captured profits on 59% of all GBP/USD trades. Yet they overall lost money as they turned an average 43 pip profit on each winner and lost 83 pips on losing trades.


CUT LOSSES, LET PROFITS RUN – WHY IS THIS SO DIFFICULT TO DO?
And therein lies your answer... YOU HAVE TO ADMIT YOUR WRONG !
The individual trader hangs onto the losers and cuts the winners despite having WRs averaging 60%....Amazing how clear that is eh !


Who really in their right mind would blame a tool ? You ever hear the saying "A poor Craftsman blames his tools" Sure alot of HACKS here ! OH SORRY DID I HURT SOMEONES FEELINGS...


Look up the studies...lots of fancy charts showing the win rates and avg win loss on 15 pairs or so... Ive posted the charts from the studies several times in the past as its a common tendency for traders to blame everything else but themselves,,,,, I KNOW I BLAMED THE MARKET MY BROKER GET OVER IT AND PROGRESS !

But I guess if they just had the right TA tools or had centralized volume with an orderbook these numbers would be reversed.... And BTW just go on over to the other thread and they do offer incredible deals on "The Correct indicators" HAHAHAHA

Be very wary of the information you read..DO you due diligence test everything...ask questions as we have commercial sellers operating in the general forums here with the sole agenda of taking your money... A few possibly? on my ignore list

Cheers !
Blue
Master your Mind,,,Master the Market
  • #6,927
  • Mar 19, 2023 7:27pm Mar 19, 2023 7:27pm
Always a worry/interest when gaps are left open. If they don't close them in the first 1½hrs, then imo don't chase it, let them do it when they want.

I am just an observational discretionary currency trader, is all. No Labels, no anything. Except opportunity, which is Traders job.

A quick start just to see how they respond. Do they run it with me 'as expected', further, or do they stomp on me quick. tells me a story & picture so far.

Targets are ABOVE, and targets are BELOW. They have done 90 pips so far, is this Asia High, or do they still attempt breakout (traps or continuations).
Who knows, not me.
But if a high then I will keep my eye on the lower "initial" targets, if not then stand back its off
and if they run 'em clean (one candle etc) then who knows maybe the 'gap' before Franky open (I just don't know, or care much, they cannot HIDE it ultimately imo)

quick +10p tester, have some brunch & pat the dogs, okay will feed them too, (that look they give you hahaaa)


.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1 tester.png Size: 10 KB
  • #6,928
  • Mar 19, 2023 7:31pm Mar 19, 2023 7:31pm
Quoting TimeTells
Always a worry/interest when gaps are left open. If they don't close them in the first 1½hrs, then imo don't chase it, let them do it when they want. I am just an observational discretionary currency trader, is all. No Labels, no anything. Except opportunity, which is Traders job. A quick start just to see how they respond. Do they run it with me 'as expected', further, or do they stomp on me quick. tells me a story & picture so far. Targets are ABOVE, and targets are BELOW. They have done 90 pips so far, is this Asia High, or do they still attempt...
Target taken out...My profit take was just on the Target..just 10 pips...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.png Size: 17 KB
  • #6,929
  • Mar 19, 2023 7:40pm Mar 19, 2023 7:40pm
Quoting whitesta
{quote}
Target taken out...My profit take was just on the Target..just 10 pips... {image}

Lovely work Whitesta. Mate they add up.
Imagine what we do IF we had the Full New York Session at our disposals (and you're what, 3 hours earlier again than me lol).
  • #6,930
  • Mar 19, 2023 7:49pm Mar 19, 2023 7:49pm
Lol, yes...we learn each day. Lot more movements in London & US sessions and more targets to hit. Yeah its almost 2pm here. Had some time on me so looked for targets on GBP/JPY on 15 mins charts and waited. Came here awhile a go and felt more confident when i saw that you had similar targets. After the herd zone was taken out i felt that a target on the upside has more probability to be taken out. HLs were forming on 1 minute chart so a bit more confidence in the trade. Wasn't much in the way of the target on 15 mins chart when looking left. I am not very good in Asia session but at times when targets are clear with momentum then i place my small trades. Have to pop out for awhile now. Trade Well All.
  • #6,931
  • Mar 19, 2023 7:55pm Mar 19, 2023 7:55pm
Quoting TimeTells
Market is Fractal. Targets also. Here we go for a Monday morning, with maybe chaos in Switzerland about to be resolved or extended. Just the 15m starting Chart View as my warmup for the day ahead (and Asia MUST set a hi/lo for the new day at some point). . {image}

Crikey, was that Chart four hours ago, before the markets opened, I spend too much time on here reading lol (just j/king, love it ).


George Targets on the way up, together with the Quarter Stations (BRN, RN500, RN-Q, cheers Kev) all getting their tickets punched by the Railways Conductor.
Back for pre-Franky.

.
  • #6,932
  • Mar 19, 2023 8:45pm Mar 19, 2023 8:45pm
Quoting Kwt4x
I agreed with Dr. Paul in Divergence, but I really disagree on everything he said in this video, and here is why: he said: "winning percentage drop when trading forex", and that is not true, trading basics will apply on every market. he said: "you can't know range(sideway) market unless you are in it", that is not true, by knowing Dow trend stages, the range(sideway) market will start from the first day that does not give you anymore HH/LL. he said: "clusters of bad and good luck comparing trading to a casino", this is a mindset of a gambler not...
Hi Kwt4x,

I didn't mean to upset you with that video.

I think he is coming from a position of talking to retail perhaps as the platform for the interview is Uk spreadbetting. To suggest he is a gambler is silly. This is a guy who spent a whole summer going over Gann charts to work it out. Anyway, you give, we read and we learn. If you can tell the future I am all ears and eyes.

Cheers...
  • #6,933
  • Mar 19, 2023 9:52pm Mar 19, 2023 9:52pm
The price is back near DOL and Tokyo Open (GBP/JPY) which was a target on its way down. More targets below though. Its not to hard to find targets, its which one will be hit first is the hard part. We can look for momentum, patterns, RN and other lines.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.png Size: 24 KB
  • #6,934
  • Edited 10:08pm Mar 19, 2023 9:53pm | Edited 10:08pm
Quoting FocusWinReal
{quote} Hi Kwt4x, I didn't mean to upset you with that video. I think he is coming from a position of talking to retail perhaps as the platform for the interview is Uk spreadbetting. To suggest he is a gambler is silly. This is a guy who spent a whole summer going over Gann charts to work it out. Anyway, you give, we read and we learn. If you can tell the future I am all ears and eyes. Cheers...
Hi FWR,

I'm not upset, if you agree with him that forex is like a casino and you want to trade 50/50, so be it, I'm fine with that

I didn't call him a gambler, I know the Dr. and he is a respectable trader, I said comparing forex to a casino is "mindset of a gambler". the Dr. trade differently in stocks and commodities.

when it comes to GANN, I don't trust anyone's views. I read GANN books and applied methods on charts, made mistakes, read the books again, corrected mistakes, until applying them correctly.

if the Dr. spent a summer, I've been doing it for 14 years. you're welcome to ask anything about GANN (if you know the basics at least).

you don't need to tell the future, you only need to know future S/R.

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter 4311.png Size: 101 KB


Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter 4298.png Size: 113 KB


EDIT: link to GANN books http://gann.su/book_eng_en.html

cheers,
"the public is not yet ready for it" W.D. GANN
  • #6,935
  • Mar 19, 2023 9:53pm Mar 19, 2023 9:53pm
Okay I had to put on my old in-the-cupboard analysis Hat just then.
It's an independent analysis Hat, not anything specific,
and I thought to myself why do some threads get hijacked & some new ones just lose their way.

Well some threads I reckon would sure need an air-conditioner as they heat right up,


But the real reason, maybe, that some folks never seem to get it or get what others do is …

What I call the 50p reasons of TA.

I reckon that TA is all about
Tensioning Anxiety

And it's because certain traders (lol) never fulfilled their life long ambition

just teasin' folks

Inserted Video
  • #6,936
  • Mar 19, 2023 10:10pm Mar 19, 2023 10:10pm
Quoting TimeTells
Okay I had to put on my old in-the-cupboard analysis Hat just then. It's an independent analysis Hat, not anything specific, and I thought to myself why do some threads get hijacked & some new ones just lose their way. Well some threads I reckon would sure need an air-conditioner as they heat right up, But the real reason, maybe, that some folks never seem to get it or get what others do is … What I call the 50p reasons of TA. I reckon that TA is all about Tensioning Anxiety And it's because...

OK 100% MY VOTE FOR BEST POST OF THE DAY !!!!!!

Master your Mind,,,Master the Market
  • #6,937
  • Mar 19, 2023 10:11pm Mar 19, 2023 10:11pm
Just some old fashioned fun, Kev. Hope it's taken in good spirits by some
  • #6,938
  • Mar 19, 2023 10:27pm Mar 19, 2023 10:27pm
The morning Asia is now done for me, maybe the whole day I can't say, see what Franky-London will bring.

+32p net asia. Whole day is over? Don't know just right now. But Asia is done for me

There's that hole in their shoe down below still, that all can see (those that will look left on their charts, I mean).
If too many rush in for it at once, they will likely play their ups & downs (aggregations), who knows, not me.

Still if its there at London or not, won't matter, the market is larger than a morning gap and it's how we see things at the time, is how we trade it.


.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1 +22 a little extra.png Size: 9 KB
  • #6,939
  • Mar 19, 2023 10:33pm Mar 19, 2023 10:33pm
Quoting TimeTells
Just some old fashioned fun, Kev. Hope it's taken in good spirits by some
And so GBP/JPY continues to hunt targets below DOL. A lot of patience is needed before we jump in. Thats why RN and Time is very important. Its extremely hard to pick tops and bottoms of any trend. Even divergence on different indis don't work all the time. Its ok to get in a bit late i guess. At least there is a better probability when the run to the target is confirmed. Not 100% but with better probability. That is the reason we wait atleast half an hour to maybe 2 hours after session open(s) to see momentum. Just now if you look at GBP/JPY on the 5 minute chart then lower lows are quite clear, with targets known in advance. RNs and Time are very useful as we are deep into the Tokyo session so price is showing its hand. Again it can turn whenever it wants but from what i have been posting for the past 3 hours or so then it looks like we are on the right side thus far. Its a good reason to follow just one or two currencies so u can feel its beat. And always check on the home page when the news are coming out. It can stuff up things for a while. Again i am still learning from helpful traders here and as we all say There is No One Way To Trade.
Trade Well All.
  • #6,940
  • Mar 19, 2023 10:38pm Mar 19, 2023 10:38pm
Quoting TimeTells
The morning Asia is now done for me, maybe the whole day I can't say, see what Franky-London will bring. +32p net asia. Whole day is over? Don't know just right now. But Asia is done for me There's that hole in their shoe down below still, that all can see (those that will look left on their charts, I mean). If too many rush in for it at once, they will likely play their ups & downs (aggregations), who knows, not me. Still if its there at London or not, won't matter, the market is larger than a morning gap and it's how we see things at the time,...
Well done as always Pete ! As regular as Metamucil Banging them out day after day..week after week !!!
Master your Mind,,,Master the Market
58 traders viewing now, 1 is registered: