{quote} {image}
Going to print this off and study at leisure. Thanks Shabs
every Saint has a past. Every Sinner has a Future
- #4,861
- Jan 25, 2023 9:42am Jan 25, 2023 9:42am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
Going to print this off and study at leisure. Thanks Shabs
- #4,862
- Jan 25, 2023 10:27am Jan 25, 2023 10:27am
- Joined Aug 2006 | Status: Trader | 5,317 Posts
It never gets easier, you just get better
- #4,863
- Jan 25, 2023 12:31pm Jan 25, 2023 12:31pm
- Joined Dec 2010 | Status: Stop Pretending | 5,275 Posts
{quote} Would it not be better trading breakout short from the congestion between 12.15 - 12.45 ?
Mark ... Everything you have been told is a LIE
- #4,864
- Jan 25, 2023 4:03pm Jan 25, 2023 4:03pm
- Joined Dec 2018 | Status: Trader | 4,597 Posts
Has Timetells been at the Cable again{image}
Hi turnip,
GU tradaeble, yes, but not by me (these days).
Sticking with GJ for a while I reckon. The market mechanics just repeat, as I view 'em lol
.Inflection, breakout, continuation.
Inflection, breakout, return to source.
Same old.
Patience & timing.
Trade 'em well folks
.
- #4,865
- Jan 25, 2023 5:14pm Jan 25, 2023 5:14pm
- Joined Sep 2006 | Status: Trader | 10,704 Posts
{quote} Hi turnip,
every Saint has a past. Every Sinner has a Future
- #4,866
- Jan 25, 2023 5:29pm Jan 25, 2023 5:29pm
- Joined Dec 2018 | Status: Trader | 4,597 Posts
{quote}
Hah ! I knew there would be a Zeppelin in there somewhere
One might say, they appear daily, as if by magic
- #4,867
- Jan 25, 2023 6:43pm Jan 25, 2023 6:43pm
- Joined Dec 2010 | Status: Stop Pretending | 5,275 Posts
Mark ... Everything you have been told is a LIE
- #4,868
- Jan 25, 2023 10:50pm Jan 25, 2023 10:50pm
- Joined Dec 2018 | Status: Trader | 4,597 Posts
I won't keep popping them in, you get the question, the picture, and the concept - is it random or just plain luck of the draw 
(plus a small 'zepp" in there for turnip, cheers sir
)
Market Mechanics
Where to now, with a target both high & low ... and price right in the middle.
London might show us, or even the lead up into it. We wait & watch now.
.
(plus a small 'zepp" in there for turnip, cheers sir
)Market Mechanics
Where to now, with a target both high & low ... and price right in the middle.
London might show us, or even the lead up into it. We wait & watch now.
.
- #4,870
- Jan 25, 2023 11:57pm Jan 25, 2023 11:57pm
- Joined Nov 2012 | Status: Naked Chart Samurai | 3,474 Posts
{quote}
Success = Practice + Patience + Persistence
- #4,871
- Jan 26, 2023 12:17am Jan 26, 2023 12:17am
- Joined Dec 2018 | Status: Trader | 4,597 Posts
{quote}
Just noticed, AU MAGICALLY (!!) completed the Bermuda triangle.
It's really a work of art by the MARKET GOD.
Brilliant fxp
The Bermuda Triangle
Love it.
- #4,873
- Jan 26, 2023 2:53am Jan 26, 2023 2:53am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
{quote}
every Saint has a past. Every Sinner has a Future
- #4,874
- Jan 26, 2023 3:05am Jan 26, 2023 3:05am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
- #4,875
- Jan 26, 2023 3:28am Jan 26, 2023 3:28am
- Joined Nov 2012 | Status: Naked Chart Samurai | 3,474 Posts
Is AU cooking something big here??
Success = Practice + Patience + Persistence
- #4,876
- Jan 26, 2023 3:53am Jan 26, 2023 3:53am
{quote} Hi turnip,
Great charts. Its all there infront of us. At times we see it and at times we miss it. Its all about getting in at the right time. Targets are always there but lots of manipulations...lol. Sometimes i get in too early and pay the price. One thing is guaranteed though, that it will hit the target either side.
- #4,877
- Jan 26, 2023 5:45pm Jan 26, 2023 5:45pm
- Joined Dec 2018 | Status: Trader | 4,597 Posts
{quote}
Do you think this beauty is worth keeping alongside the Dax as a trading buddy in the UK mornings? {image}
Hi turnip,
Mate I don't recommend folks trade at all lol (well without grabbing the understanding of the mechanics of what the market can "do")
But you have shown great understanding, as i see it, on your charts so why not for sure, if the market is 'doing' what you recognise at the time.
(When I don't 'recognise' what the market is 'doing' at the time on my 1m, 5m, 15m cycle charts I just stop & step aside and reassess on the 1hr, 4hr, 1DY)
Over the years I have observed that folks CAN get into bother trading the GBPJPY
(or any derivative pair I imagine- ie NOT one of the majors - GU, EU, AU,UCad, UChf,UJ)
That bother they often get into is when the GJ market grinds in one direction amd is seemingly unstoppable
(no major pullbacks, no return to source by session, no bermuda triangle)
Andy/Moody put me onto a method I can use for then checking the GJ for a potential Grind, by observing its core pairs GBPUSD & USDJPY.
The GRIND to me is
where (and, in either direction buy OR sell) BOTH the GU & UJ are heading in the same chart direction (ie rising or falling on the chart), meaning when the UJ is rising the Yen weak, and the GU rising has Pound strong, meaning the GJ must 'grind high' and well past short term levels to a 'major' level some distance away.
We all trade well in the ranges (which anecdotally are 80-85% of the time) as we can follow direction and also do reversal trades when the range flips nicely.
While in in the stucture breakouts/breakaways on GJ and "the Grind" we can only (safely) be trading WITH the move until IT stops.
ie don't try & predict a reversal point of a grind, until the grind shows you it has weakened, stalled and is likely then to return 'towards' source.
At the END or towards the end of a full trading day ie NY Close many times this reversal does NOT happen that day - or sometimes even the next
GBPJPY has its delights as well as its dangers is all I am saying
Trade well.
- #4,880
- Jan 26, 2023 6:48pm Jan 26, 2023 6:48pm
- Joined Sep 2013 | Status: Trader | 25,137 Posts
people leave, but this thread will go on for ever