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  • #4,121
  • Nov 12, 2022 2:09pm Nov 12, 2022 2:09pm
Quoting bluesteele
{quote} Hi Andy ! Nice to see you here Aaahhh yes billions missing funneled from FTX exchange (clients $$) to Alameda Research (ran by his gf) LOL ....and now apparently AMID a bankruptcy FTX has been hacked draining 600 million from them.... BUT even better we have the prolific petulant martingaling gambler blabbing nonsense as usual on his thread that get this....FX is a scam full of scammers... Hmmm is that what psychologists call Projection ? But I guess with volumes declining in the crypto world it must pose a challenge for some. Need...
Hey Kev

Very well put.

To enter the trading arena is difficult enough, but to enter one that is open to blatant theft with next to no regulation is a step too far.

To have people on a Forex website promote Crypto and encourage participation funneled through a 'Private Discord' group is a stain on this forum with a very real prospect of losing one's money without having to trade....

To pull off the FTX scam takes some serious brain power, can we assume our friend, the gambling blabber ..... is just a one trick pony!
  • #4,122
  • Nov 12, 2022 2:47pm Nov 12, 2022 2:47pm
Here is an excellent article by Cory Mitchell....
https://tradethatswing.com/stock-mar...ting-patterns/

A professional daytrader that has an abundance of great content on his website let alone Twitter.

Definitely worth digging around his website...

The article is about intraday TIMING patterns on the indices. BUT one can use this information with other assets (FX pairs)... The whole point is to know intimately your market.. Its why Timetells/Pete and George stick to one pair the GJ... Learning the nuances.

Anyways heres a few tidbits from his article...that id like to highlight... BUT take a few minutes and read the article


Stocks tend to move down more than they move up during the trading day.

  1. Stocks actually do most of their upward movement overnight. Weird right!? Most of the stock market gains going back to 1993 have occurred as price gaps, NOT the price moving up during the day. A price gap is when a stock closes and then opens higher the next day because people are willing to pay more for it today than yesterday.

    1. From 1993 to 2022 the SPDR S&P 500 ETF (SPY) was up pretty close to 1,000% (not including dividends).
    2. Buying on the close, and selling on the open—which means holding a position overnight and then selling it the next morning—produced a gain of just over 1,000% according to Bespoke Investment Group. Essentially nearly all the gains over this time frame came from being long overnight, not during normal market hours.
    3. Buying on the open and selling on the close—holding a position for one day, but not overnight—has produced an overall negative return since 1993.

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This is useful because it highlights that you need an edge for intraday entries and exits. Most stocks will go up as much as they go down during the day, and they will go down as often as they are up during the day. Therefore, day traders need an edge for getting in and out with a profit, and trading both long and short if they hope to make good returns over many trading days.

Many people operate under the false assumption that if there is an uptrend they can just buy during the day and make money. The statistics above show this generally will not work out.

To profit from intraday requires more specific guidelines for when to trade, when not to, how to capture intrday trends, and cutting losses quickly. This is where a strategy comes. Strategies tell us not only when to enter and exit, but also when we want to be trading and when we shouldn’t trade at all. This article may help you fill in some of those details, or enhance a current strategy that you have.

Stock Market Time of Day Patterns

There are certain times of day that tend to produce certain intraday patterns in stocks.
Below, I break down the trading day into time zones, and then explain what tends to happen in each of those zones. I find the early morning patterns the most reliable.

The zones are not exact. For example, reversals may occur around 10 am EST, but not exactly at 10. It could occur at 9:50 or 10:06…or not at all. These are tendencies, not exact figures. Trading isn’t that easy.

What the Stock Market Tends to Do at Different Times of the Day
Time-based patterns are based on a time of day, not price direction. A reversal could be a reversal of whatever trend direction was occurring up to that point, if there was a trend.

The article is very detailed in the Times of Day and with many charts as well marked up.. I will post some charts here...As well these times of the day are very well known and can be considered part of reading the tape....
The charts I picked are just the last trading day we had....Hard to cherry pick that ..and just a random day in October...As with everything...context confluence with all..never trade strictly off a simple timing...may work sometimes but more often you will lose.


To understand some of this a little more Linda Bradford Raschke has some detailed material on that....actually I will post up a pdf of a short 50 pg book she has... it has some excellent nuggets in their as well....especially the excerpt “Trading and Betting the Horses”


Cheers
Blue

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Attached File(s)
File Type: pdf Building a Trading Foundation LBR.pdf   1.2 MB | 834 downloads
Master your Mind,,,Master the Market
  • #4,123
  • Nov 12, 2022 4:54pm Nov 12, 2022 4:54pm
Excerpt from Cory Mitchell's article:
https://tradethatswing.com/stock-mar...ting-patterns/

What the Stock Market Tends to Do at Different Times of the Day

Time-based patterns are based on a time of day, not price direction. A reversal could be a reversal of whatever trend direction was occurring up to that point, if there was a trend.

9:30 am:

Traders come rushing in and the price often sees a quick push either high or lower. The price may bounce around for several minutes before picking a direction.
Lots of movement in first few minutes means it’s likely to be an active day, or at least start out that way.
If there isn’t a lot of movement in the first 15 minutes of the day, then it will probably be pretty quiet. Action could come up in later, but until it does, it will be quiet.

9:45 am:

There is often a big pullback or reversal around this time.

If the price had moved strongly after the open, now is the time to be careful. It could be a brief pullback, providing an entry into the existing trend, or it could be much more severe.

10 am to 10:30:

Around 10 am there’s often a major reversal in price. It could be temporary, or it could be significant. The high or low that occurs around this time will often last an hour or more, especially in individual stocks.

11:15 to 11:30 am

The London stock exchange closes at 11:30, which means a large group of European traders are finishing up for the day and won’t be trading the rest of the US session.
These traders may need to buy positions for their next day or close out positions. This 15-minute time window often sees the price head back toward a high or low, possibly re-testing it.
Heading into 11:30 is the usually the last bigger price move of the morning. Since a (European) group of traders is about to leave, and the New York lunch hour follows, these moves often fizzle out and turn into sideways chop.

11:30 am to 1:15 pm

12 to 1 pm is the New York lunch hour, and it is generally marked with lower volume and lower overall movement.
When I day traded for a prop firm, we had a guideline that no one on the floor traded during the NY lunch hour. It was notorious for chipping away at the gains made in the morning. Generally, it is best to avoid this time entirely as a day trader, unless you develop a strategy specifically for it.

1:15 to 2 pm

Action starts to pick up after the mid-day lull. A tight range during lunch will see the price breakout. Basically, we go from a contraction in movement to an expansion in movement.
Lunch isn’t always quiet. Some days there are big movements during lunch. If there were big moves, they much just continue without the breakout from a range.

2:15 to 2:45 pm

Possibly lunch saw a trend develop, or a trend developed after lunch. Sometimes as early as 2, but often between 215 and 245, there is a significant trend reversal. There may be several major swing during this time as action picks up heading into the close.

3 to 3:45

Lots of shakeouts occur in this period as well. There is often a major direction change in this time span as the price heads toward the close. This is the last chance to catch the remaining price moves of the day.

3:58 to 4 pm

As a day trader, unless the price is moving in your direction, consider closing out the position prior to this period. The last couple of minutes of the day can see extreme price movement, erasing (or adding to) existing gains or losses. Holding position into these final two minutes is a gamble on which way it will go.

At 4 pm, liquidity in many stocks disappears, which means you could be holding it till the next day if you don’t get out in time. Very high volume stocks will often continue to trade after the market officially closes, but once again, it’s a gamble on whether there’s any benefit to holding until the close.

A Note for All Times of Day

If these tendencies develop on a particular day, and we are watching for them, great. We can trade them. But don’t assume they will happen and make trades based on the assumption. If waiting for a reversal, wait till it actually starts and aligns with a strategy. Time of day patterns are not a strategy in and of themselves. A complete strategy requires entry, exit, position sizing, and other rules covered in the Trading Plan.
Master your Mind,,,Master the Market
  • #4,124
  • Nov 12, 2022 6:21pm Nov 12, 2022 6:21pm
Quoting HTG
Happy Saturday all. Big evening for the UFC, anyone around watching the fights tonight?

Hi HTG,

Absolutely, the Prelims will kick off in just under one hour.

A highly anticipated rematch between the two kickboxers Izzy & Alex, both now in mixed martial arts UFC.
Plus MANY other great matchups right down to the prelims. Top card imo.

The Main Event should be a fight involving both psychology AND physicality. The best mix imho.
For anyone to think that fighting (or trading lol) has NO psychology involved shows a limited understanding of standing in front of another person and going at it.

And, my promise to Zoltan yesterday was, I will NOT put up any results after the fights (this time),
as others around the globe may need to tune in later to see the matchups.


Have a top Sunday all. The trading markets can wait one more day hahaaa.
  • #4,125
  • Nov 12, 2022 7:00pm Nov 12, 2022 7:00pm
Quoting TimeTells
{quote} Hi HTG, Absolutely, the Prelims will kick off in just under one hour. A highly anticipated rematch between the two kickboxers Izzy & Alex, both now in mixed martial arts UFC. Plus MANY other great matchups right down to the prelims. Top card imo. The Main Event should be a fight involving both psychology AND physicality. The best mix imho. For anyone to think that fighting (or trading lol) has NO psychology involved shows a limited understanding of standing in front of another person and going at it. And, my promise to Zoltan yesterday was,...
I am excited about this card. The psychology and physicality as you mentioned is a great mix and much needed to stay at the top as long as the great ones do and YES, trading involves both. Your mental and physical state is key to success in the market, in fighting, in anything you do.

If you caught the early prelims, there were some good fights there too. Prelims getting ready to start, enjoy.

Swing the AXE..HARD w/ Effort, Consistency and Patience
  • #4,126
  • Nov 12, 2022 7:09pm Nov 12, 2022 7:09pm
Quoting TimeTells
{quote}
For anyone to think that fighting (or trading lol) has NO psychology involved shows a limited understanding of standing in front of another person and going at it.
Quoting HTG
{quote}
I am excited about this card. The psychology and physicality as you mentioned is a great mix and much needed to stay at the top as long as the great ones do and YES, trading involves both. Your mental and physical state is key to success in the market, in fighting, in anything you do. If you caught the early prelims, there were some good fights there too. Prelims getting ready to start, enjoy.


Okay, here's a quick one (literally lol), to understand psychology in fighting, as today's Prelims begin.


Ben Askren had made many disparaging remarks about punchers (boxers) in the lead up to the fight with Masvidal.
Jorge had watched and understood that the wrestler/grappler Askren always liked to shoot for the takedown in his fights.

Jorge in the psychological 'war of words' pre-fight called Ben a 'crotch-sniffer" being a move to grab both the other persons legs to effect a takedown to the mat.
Jorge said post fight he expected Ben to put his head down early as they came together.

So Jorge devised a plan that may, or may not, have worked out.

It worked, lol, officially the fight was three seconds long.

Psychology plus physicality.

While today.
Alex is straight forward, flying upkick knees, spinning elbows & spinning head-kicks.
Tho Izzy is not like Shaun (Strickland), Alex's most recent victory who marched forward stright into Alex's devastating finish.
Izzy is more lateral & may also hold his head way back (like Muhammed Ali) as he strikes & kicks.

Alex will know all about Izzy. Izzy will know all about Alex.
Can one out think the other.
Well, that can make fight results, who knows. Especially five rounders, assuming both have high cardio today.


Anyway, enjoy the psychology of the past fight, Jorge vs Ben.

Jorge even stands against the cage with his hands 'behind his back' pre launch.
Watch Ben's head go down as he comes forward. You'll need to be quick lol, as Jorge goes for the flying knee.

Psychology .


Inserted Video
  • #4,127
  • Nov 12, 2022 7:51pm Nov 12, 2022 7:51pm
Quoting ryuryu
Let me post my 5 cents. {quote} There is nothing connected with mindset in trading. Like nothing connected with mindset in professional boxing. You are or a good doctor/sportsmen/trades, or you watch youtube. Or hard work, study, research or dreams about mindsets and magic. {quote} What for? Why? You should trade when market allows you to trade.
A fool and his money are soon parted...or knocked out

What does Iron Mike say....( i wont get into his hypnotherapy) you will have to watch all 33 seconds lol

Inserted Video
Master your Mind,,,Master the Market
  • #4,128
  • Nov 12, 2022 8:09pm Nov 12, 2022 8:09pm
Quoting bluesteele
{quote} A fool and his money are soon parted...or knocked out What does Iron Mike say....( i wont get into his hypnotherapy) you will have to watch all 33 seconds lol https://youtu.be/sXDe2s8Q0LI
Have you noticed that every time Ryu opens his trap he displays the traits of someone who feels completely inadequate.
Now that people have left his thread he'll jump onto any other thread hoping to prove he is the "chosen one", when in reality ..... he's a total cock.
  • #4,129
  • Edited 9:01pm Nov 12, 2022 8:10pm | Edited 9:01pm
My money FTX/FTT Coins is on Alex Pereira !!!!

Gotta go with the underdog !!!!

I saw the fear in Israels eyes at the weigh ins. !!!.

Nighty night Israel !

Attached Image (click to enlarge)
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Master your Mind,,,Master the Market
  • #4,130
  • Edited 2:44am Nov 13, 2022 2:33am | Edited 2:44am
Quoting venkatredy
Dear Andy,Pete,Kev ,Dean, Bw and members After reading so many time of George thread and your post. I am focusing above 1 hr targets But after back testing charts i observed 1) When price reaches or taken out target price reverse 2) But some time target taken out and continue in same direction 3) some time target taken out and will draw down and my stop loss hits and come in my favour {image}Even thought i told will exit trading but i cannot still learning. This time i hope i would understand with your replies

This is a loss art in George method (chart time) that seems no one give a serious discussion bacause so many troll attack at that time.
This where mr. G price entry FILTER and grinding filter come in action before we take multiple entries and,
if we adding that with BWilliam insight about WHERE THE TARGET 'WILL' TAKEN FIRST by MM ( another lens of analysis & skills ).
The art is loss because our different unconciousness metaprogram and thats why we 'must' find our road as trader.

The discussion is loss because we have different objective based on our own life preferences and paradigm (UNCONCIOUSLY)

thats why real time mentoring is so vital.

Hi Venkatredy, as an alternative view hope you look at twitter : (as brainstorming idea to 'fast track' your journey), MAY BE

1. Kerberos007
@kerberos007

2.Ayyad
@AyyadYnm

3. Dragvs
@dragvs7

4. FROG-TZU
@TheReal Nasa00

also, read slooowly on BWilliam, Moodybot, TimeTells, Past BlueStell post and ofc, George Aus.

Sloooowlly

and make your own recipe.

many ways to skin the cat

FOR YOUR SAFETY
while learn and read real trader lesson anywhere you find it
always assume : ONE TRADER IS ONE SET UP WITH ONE CERTAIN THINKING PROCESS
JUDGE NO ONE
  • #4,131
  • Nov 13, 2022 4:35am Nov 13, 2022 4:35am
Quoting deanyakobs
{quote} This is a loss art in George method (chart time) that seems no one give a serious discussion bacause so many troll attack at that time. This where mr. G price entry FILTER and grinding filter come in action before we take multiple entries and, if we adding that with BWilliam insight about WHERE THE TARGET 'WILL' TAKEN FIRST by MM ( another lens of analysis & skills ). The art is loss because our different unconciousness metaprogram and thats why we 'must' find our road as trader. The discussion is loss because we have different objective...

Thanks
  • #4,132
  • Nov 13, 2022 8:37am Nov 13, 2022 8:37am
Inserted Video
Mark ... Everything you have been told is a LIE
  • #4,133
  • Nov 13, 2022 9:02am Nov 13, 2022 9:02am
Quoting TimeTells
{quote} {quote} Okay, here's a quick one (literally lol), to understand psychology in fighting, as today's Prelims begin. Ben Askren had made many disparaging remarks about punchers (boxers) in the lead up to the fight with Masvidal. Jorge had watched and understood that the wrestler/grappler Askren always liked to shoot for the takedown in his fights. Jorge in the psychological 'war of words' pre-fight called Ben a 'crotch-sniffer" being a move to grab both the other persons legs to effect a takedown to the mat. Jorge said post fight he expected...
Never seen this type of "sport" before !
More like brawling as opposed to traditional boxing. Is it because the modern spectator needs more voyeuristic violence before he considers himself "entertained."
Punching or kicking a man repeatedly when he is down is hardly skill. In fact it is the sort of thing drunken or not very bright thugs do to the vulnerable after an evening consuming too much alcohol.
As an aside: When shopping for Christmas computer games, for a ten year old grandson, one has to wade through a sea of violence before finding something, to stimulate a young mind, that doesn't include shooting up the neighbourhood.
every Saint has a past. Every Sinner has a Future
  • #4,134
  • Nov 13, 2022 9:06am Nov 13, 2022 9:06am
Quoting moodybot
{quote} Have you noticed that every time Ryu opens his trap he displays the traits of someone who feels completely inadequate. Now that people have left his thread he'll jump onto any other thread hoping to prove he is the "chosen one", when in reality ..... he's a total cock.
The boy is a 'Knob head' but persists in making sure a growing readership acknowledges him as such.
every Saint has a past. Every Sinner has a Future
  • #4,135
  • Edited 10:06am Nov 13, 2022 9:35am | Edited 10:06am
Quoting venkatredy
Dear Andy,Pete,Kev ,Dean, Bw and members After reading so many time of George thread and your post. I am focusing above 1 hr targets But after back testing charts i observed 1) When price reaches or taken out target price reverse 2) But some time target taken out and continue in same direction 3) some time target taken out and will draw down and my stop loss hits and come in my favour {image}Even thought i told will exit trading but i cannot still learning. This time i hope i would understand with your replies
Quoting deanyakobs
{quote} This is a loss art in George method (chart time) that seems no one give a serious discussion bacause so many troll attack at that time.
I just noticed i can reply as well to your post, below is an excerpt from this book:

Market Maker's Concept:
"Market Makers manipulate price and trap traders because it is the only way to make massive transactions at a current price level that is desired. “Stop Hunting” a long holder triggers a Sell order because you have to sell in order for you to get out of that trade. While “Stop Hunting” a short holder triggers a buy order because you have to buy in order for you to get out of that trade to protect your account"
Ref to the book: https://www.forexfactory.com/thread/...3#post13604053


so that's how breakout traders and stops gets activated which gives MM positions gets in while stop hunting, if still order not enough they keep on grinding till is enough of the accumulation, still not enough will manipulate to wrong side (Turtle Soup as denote by Linda Bradford Raschke/Juda Swing by ICT) until get their fills at best prices only then will give final expansion.

i have marked the same on my below chart for better understanding the same concept which i traded on 11.11.2022 on 1 Min. chart
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 72 KB


hope it helps and i am open to questions, and i can read long paragraphs but with charts to keep my interest.

best regards
bilal
"Exchange of hands"
  • #4,136
  • Nov 13, 2022 10:24am Nov 13, 2022 10:24am
Quoting bluesteele
Here is an excellent article by Cory Mitchell.... https://tradethatswing.com/stock-mar...ting-patterns/ A professional daytrader that has an abundance of great content on his website let alone Twitter. Definitely worth digging around his website... The article is about intraday TIMING patterns on the indices. BUT one can use this information with other assets (FX pairs)... The whole point is to know intimately your market.. Its why Timetells/Pete and George stick to one pair the GJ... Learning the nuances. Anyways heres...
A cracking read. Thanks for the pdf
every Saint has a past. Every Sinner has a Future
  • #4,137
  • Nov 13, 2022 10:47am Nov 13, 2022 10:47am
Quoting bilal1947
{quote} {quote} hope it helps and i am open to questions, and i can read long paragraphs but with charts to keep my interest. best regards bilal
Very similar to how I mark my charts, using hourly/daily S&R lines.
It never gets easier, you just get better
  • #4,138
  • Nov 13, 2022 3:38pm Nov 13, 2022 3:38pm
Quoting turnip15
{quote} Never seen this type of "sport" before !
In fact it is the sort of thing drunken or not very bright thugs do to the vulnerable after an evening consuming too much alcohol.

Hi T,

Sport?
It's a business.

The professional combatants will usually prepare & train for up to seven weeks in advance for a fight, where their opponent is (mostly) known to them.

They get paid for their participation in this business.
Others may watch.

The ones that do participate have often obtained high rankings in mutliple disciplines (ie obtained belts in judo, jui jitsu etc).

It would be a mistake to think this is anything like a bar brawl between unskilled, unprepared or drunken opportunists etc.
Tis merely a choice these folks make for their livelihood.

In traditional boxing, a boxer can be partially concussed, get a standing eight second count to recover, & then be allowed to continue.
In MMA the referee, if adept in 'their' job, will call the fight finished & not allowed to continue in a similar circumstance.
In that sense MMA often protects a 'defeated' opponent better than our traditional boxing of which I have a close connection.

In the above video clip Ben Askren knew before going in, his task, he also disreprected his opponent pre-fight, and paid a penalty for his hubris.
(Ben has since lost a fight after leaving MMA & going over to traditional boxing vs youtuber Jake Paul lol - for money I imagine
Paul defeated Askren by TKO in 1:59sec of their first round , maybe Ben's close family should be giving him advice about his suitability for such activities )

Many in society of course will like to make choices for others in many things whether fighting, financial buinesses etc,
which they deem "unsuitable" choices for themselves but will wish to decide for everybody else.
Each to their own imho


and of course I agree completely with your end statement above which does not relate in any way to professional fighting

ie ..... ====




all the best as the markets open today folks, hope not to many KO's for our fiscal participants.
  • #4,139
  • Nov 13, 2022 4:11pm Nov 13, 2022 4:11pm
Quoting bluesteele
Excerpt from Cory Mitchell's article: https://tradethatswing.com/stock-mar...ting-patterns/ What the Stock Market Tends to Do at Different Times of the Day Time-based patterns are based on a time of day, not price direction. A reversal could be a reversal of whatever trend direction was occurring up to that point, if there was a trend. 9:30 am: Traders come rushing in and the price often sees a quick push either high or lower. The price may bounce around for several minutes before picking a direction. Lots of movement in...
Damn, maybe I should start watching...
  • #4,140
  • Nov 13, 2022 4:32pm Nov 13, 2022 4:32pm
Quoting TimeTells
{quote} Hi T, Sport? It's a business. The professional combatants will usually prepare & train for up to seven weeks in advance for a fight, where their opponent is (mostly) known to them. They get paid for their participation in this business. Others may watch. The ones that do participate have often obtained high rankings in mutliple disciplines (ie obtained belts in judo, jui jitsu etc). It would be a mistake to think this is anything like a bar brawl between unskilled, unprepared or drunken opportunists etc. Tis merely a choice these folks make...
Yes - I agree with you, "each to their own." Watching people batter one another is not my idea of enjoyment but I do not criticise others who do.
every Saint has a past. Every Sinner has a Future
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bluesteele