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Flying Dutchman

  • #8,701
  • Aug 2, 2023 4:48am Aug 2, 2023 4:48am
Quoting whitesta
Hi All, Beauty of a setup on GBP/JPY. Just a very good reversal with lots of confluence(s). Trade Well All. {image}
As said before
You have become a true
Master of you edge
  • #8,702
  • Aug 2, 2023 4:54am Aug 2, 2023 4:54am
My efforts on a 1min chart
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  • #8,703
  • Aug 2, 2023 5:05am Aug 2, 2023 5:05am
Quoting OAPDave
{quote} As said before You have become a true Master of you edge
Thanks OAPdave. I try to trade reversals only. Trades are getting less in terms of numbers but the success rate is good. Just my second trade of the week. Got a little busy with other stuff and missed the reversal trade on the same pair from 182 RN lol. EURY/JPY had a good buy setup from the 156.25 RN. At times its very clear though. Cheers
  • #8,704
  • Aug 2, 2023 5:23am Aug 2, 2023 5:23am
Quoting whitesta
{quote} Thanks OAPdave. I try to trade reversals only. Trades are getting less in terms of numbers but the success rate is good. Just my second trade of the week. Got a little busy with other stuff and missed the reversal trade on the same pair from 182 RN lol. EURY/JPY had a good buy setup from the 156.25 RN. At times its very clear though. Cheers
Your trading is top notch especially being on a 1 min
my posts here are generally not too well received
but all my very recent one's, are just my attempt to show the relationship of moves between different pairs
surly if a single pair is strong/weak against all other pairs, its more power to your elbow to take a trade
Like you say, Confluence
We all have our own methods (yours is very good) but if it works on one pair, it must have a decent chance to work on another
I use my indicators to aid my eyes when scanning though different pairs or timeframes,
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  • #8,705
  • Edited 6:31am Aug 2, 2023 5:48am | Edited 6:31am
Quoting OAPDave
{quote} Your trading is top notch especially being on a 1 min my posts here are generally not too well received but all my very recent one's, are just my attempt to show the relationship of moves between different pairs surly if a single pair is strong/weak against all other pairs, its more power to your elbow to take a trade Like you say, Confluence We all have our own methods (yours is very good) but if it works on one pair, it must have a decent chance to work on another I use my indicators to aid my eyes when scanning though different pairs...
We all are here to make some cash and have successful trades. As they say there is NO ONE WAY TO TRADE. Whatever brings success is good and should be same for everyone. With or without indicators. For me i have learnt mostly just by looking at GBP/JPY and getting advice and inputs from senior traders here. By looking at one pair we kind of get into their rhythm and at times are able to see moves ahead of time. I mean we do fail at times and thats why confluences and most importantly stop loss must be used. Cheers
  • #8,706
  • Aug 2, 2023 7:33am Aug 2, 2023 7:33am
Generally, If ADP is being used to PUMP, then the NFP will be used to DUMP and vice-versa. A comical weekly cycle of PnD, IMO.
Success = Practice + Patience + Persistence
  • #8,707
  • Aug 2, 2023 9:53am Aug 2, 2023 9:53am
Quoting OAPDave
{quote} my posts here are generally not too well received
Don't agree with that statement, neither should you believe it.

I think if you could have added some comments with the charts that you post, you probably would get a lot more likes than you do.

If that's your guage of "not Too well received".

Sometimes a work of Art needs a guide there to explain the artist's motivation when creating that piece.
It never gets easier, you just get better
  • #8,708
  • Aug 2, 2023 10:01am Aug 2, 2023 10:01am
Quoting Shabs19
{quote} Don't agree with that statement, neither should you believe it. I think if you could have added some comments with the charts that you post, you probably would get a lot more likes than you do. If that's your guage of "not Too well received". Sometimes a work of Art needs a guide there to explain the artist's motivation when creating that piece.
spot on !!

Annotations really help.
Success = Practice + Patience + Persistence
  • #8,709
  • Aug 2, 2023 10:36am Aug 2, 2023 10:36am
Quoting Shabs19
{quote} Don't agree with that statement, neither should you believe it. I think if you could have added some comments with the charts that you post, you probably would get a lot more likes than you do. If that's your guage of "not Too well received". Sometimes a work of Art needs a guide there to explain the artist's motivation when creating that piece.
99.9% of the guys on here have been trading for a fair few years and are clued up on how to trade
Hence I am not in the business of insulting anyone's intelligence
I have shown
NIH98 method
combined with
Camarilla Pivot points
https://www.forexfactory.com/thread/...al-of-whatever
  • #8,710
  • Aug 2, 2023 11:02am Aug 2, 2023 11:02am
Quoting OAPDave
{quote} 99.9% of the guys on here have been trading for a fair few years and are clued up on how to trade Hence I am not in the business of insulting anyone's intelligence I have shown NIH98 method combined with Camarilla Pivot points https://www.forexfactory.com/thread/...al-of-whatever
"Many ways to skin a cat" , so the expression goes.

You never stop learning.

The day you say "I am an expert at this", the market teaches you a lesson.

You take what fits your style / personality and discard the rest. It has to "Click" for you.

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It never gets easier, you just get better
  • #8,711
  • Aug 2, 2023 11:24am Aug 2, 2023 11:24am
Quoting Shabs19
{quote} "Many ways to skin a cat" , so the expression goes. You never stop learning. The day you say "I am an expert at this", the market teaches you a lesson. You take what fits your style / personality and discard the rest. It has to "Click" for you. {image}
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  • #8,712
  • Aug 2, 2023 11:51am Aug 2, 2023 11:51am
Quoting OAPDave
{quote} {image} {image} {image}
Although many can see what you are showing, it would still be nice to say a few words, if not to help newbies that may come here from time to time.

Also you may want to review these charts down the line, it will be an archive of sorts for you.
It never gets easier, you just get better
  • #8,713
  • Edited 12:08pm Aug 2, 2023 11:52am | Edited 12:08pm
EURJPY today.

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Oil today :

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It never gets easier, you just get better
  • #8,714
  • Aug 2, 2023 12:15pm Aug 2, 2023 12:15pm
Quoting OAPDave
{quote} Fair point But not to be dis respectful I Trade and I have no time to mark them up And I do not do After Time Charts Nih98, Tells you everything if you read the thread Plenty of Videos on Daily Camarilla ps Also I do use Weekly Monthly and Yearly Camarilla You have that Indicator
Don't need to marrk up any charts at all, that's not required at all, just add a line or two with the post.

Just, you may see something different to what we see
It never gets easier, you just get better
  • #8,715
  • Edited 12:33pm Aug 2, 2023 12:19pm | Edited 12:33pm
Quoting Shabs19
EURJPY today. {image} Oil today : {image}
Your Method and Charts are Bang on
you do not need to change anything in your approach
Maybe the only advantage I might have
Is mine are a set of templates that update themselves everyday
To what ever Pair or Timeframe I choose
ps
The sum of the parts
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  • #8,716
  • Aug 2, 2023 3:28pm Aug 2, 2023 3:28pm
Quoting OAPDave
{quote} Your Method and Charts are Bang on you do not need to change anything in your approach Maybe the only advantage I might have Is mine are a set of templates that update themselves everyday To what ever Pair or Timeframe I choose ps The sum of the parts {image} {image} {image} {image}
I have only the one main trading template also, all indicators do the work of analysis for me, whatever the pair / timeframe etc.

Only tool I use to draw manually is the MM Tool, which gives me my entries, risk & profit targets automatically with the settings I use.

When the lines line up with key levels, gives me a good heads up to get in.

I take screenshots of charts EOD to see how things play out & I can always go back & see if I can improve on entries & exits.

You are mostly a swing trader using longer term charts, really a different ball game to most of us here, who scalp short term TF's.
It never gets easier, you just get better
  • #8,717
  • Aug 2, 2023 10:32pm Aug 2, 2023 10:32pm
Quoting bluesteele
As the month is ending I normally go back to the Daily and Weekly charts and remark Highs lows etc and any patterns I see. So thought I would share my Daily Oil chart basic markups.. I will tho show on the 1hr chart as the visual is better as to Price respecting the ranges etc.... Now I could care less if oil goes up or down and I have zero bias what Mondays markets will do,,,,I dont think or analyze where will the market go? I leave that to the bigwig professionals on Wall Street etc... Not my job..My job is to trade my setups as they appear...Execute..Outcome...
"You don't have to predict the future to make money in the markets. You just have to react to what's happening." - Mark Douglas

Big trades for many today..Hope all did well.

Zeroed in on Oil this morn and SPX

SO the post above I posted a chart of Oil with Levels...750 pt levels...What compromises a 750pt level ? 3 Levels of 250pts.
Today was one of those days the stars aligned if one is prepared and knows what exactly they are looking for....i.e Setups
Context/Confluence/Confirmation

Market structure(Mechanics) is King Price Action is Queen. They fit into the 3 Cs

Oil...what did I see....I see a market that has 4 days of closing above PDHs...I know Wednesdays price can often reverse.
I know from the 1 hr chart..Price is up against a Major Level. (Check my 1 hr charts.) I see Price has traded 25-50
pts above BRN ..I see Asia UK making lower highs and Price consolidating(Blue Triangle)

I wait for the 9am Candle (NYmex) a nice Engulfment... Entered at close. 2 other things which don't show on the chart.
RoadMap triggers Short entry's on the 1m and 5m both AND coincide with the 9am NYmex candle.

A few other confluences and confirmations also were present... Very high probability trade setup.

One thing that is always in my mind...That runs in the background of my brain is this... Al Brooks Opening Range..
ANd you combine it with the 3 things markets do...80% of days BO and Reverse and or Range....20% of days BO and trend,, no stopping the train so to speak.

DO we know when that happens No not necessarily but PA leaves clues on the strength of the moves out of the gate, and then we have a Tool like the 8ema channel....Its main purpose for me is days like today.

So we don't need to predict where the markets will go in the next day or even next hour...Who cares ? We as the quote above says only need to react to what's happening in the present moment.

Which is why I am referring to my post above and the chart I had attached to the post... It keeps me aware of the bigger picture
and why I posted it...SO here it is again with some follow ups..showing price react to that level and the market this a.m. in NY

Rambling on here so here's a few charts

Cheers
Blue

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Master your Mind,,,Master the Market
  • #8,718
  • Aug 3, 2023 3:13am Aug 3, 2023 3:13am
Hi All,

Waiting for a retest or a decent higher Low.
  • #8,719
  • Aug 3, 2023 3:43am Aug 3, 2023 3:43am
Quoting whitesta
Hi All, Waiting for a retest or a decent higher Low.
Well still no entry. Was looking for a reversal on GBP/JPY. Lets see 181.25 RN.
  • #8,720
  • Aug 3, 2023 4:04am Aug 3, 2023 4:04am
Quoting bluesteele
{quote} "You don't have to predict the future to make money in the markets. You just have to react to what's happening." - Mark Douglas .........
Wow!! that's some excellent work.

Thank you so much for walking us thru your thinking process.

Cheers!!
Success = Practice + Patience + Persistence
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