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  • #5,341
  • Feb 23, 2023 9:47pm Feb 23, 2023 9:47pm
Quoting TimeTells
{quote} Nice. I call mine, the old "nana-nap" lolol , but a quick hour does work. I'd only stay up for NY in a DD I guess, BUT the bigger volatility moves are there so can be good. Draw a line across the LO start and THEN the NYO start, and watch whether they are trading above/below both, or above/below one or the other, and watch for a fake to kick it off, usually takes an hour. And then its hell for leather for the London Close (Fixing Time) at 18:00 chart time. After that is the 2nd Monkey Busoness Time ...
Now, here goes my nap hour. That nap hour of mine needs to be devoted to the backtesting above. THANK YOU !!
Success = Practice + Patience + Persistence
  • #5,342
  • Feb 23, 2023 10:08pm Feb 23, 2023 10:08pm
Quoting fxpider
{quote}
Now, here goes my nap hour. That nap hour of mine needs to be devoted to the backtesting above. THANK YOU !!

Hahaa,

Mate that's what the weekends are for

Get a speed adjustable simulator then call up a day from the past where you have forgotten what happened and off you go - Testing.

The Opens
Well you can use two more of the exactly same daily-open-indi if it has variable starting time inputs.

I run 3, the main colour as the Day Open, a next colour at LO and the 3rd at NYO, and then watch the interplay in NY AND the next day as the tops & bottoms
of past-session opens are sought by the market.

Just remember, NOT always, as if it WAS the same each time, like you said before with the Maths - there would be NO market anymore.
Andy posted the market needs mis-directions so that everyone is NOT on the same train. That's the game as I see it.

And they still can catch me if I am arrogant or unsuspecting lol and think I know best where price is headed.
But not all the time hahaaa. Me vs Me was the biggest challenge for my trading.

Trade well
  • #5,343
  • Feb 23, 2023 10:26pm Feb 23, 2023 10:26pm
Quoting FocusWinReal
{quote}
Some late nights for NY since LO is so calm after Asia big moves. Took a 4am ish Brissy time entry on AUD long. Wake up to see tp hit. Missed the bigger down move due to price jerking and not liking wicks to the left so closed, mistake big time, oh well. It dropped but is back to the start of the move mid Asia in the new day. {image}

You were onto it as well FWR. Nice trades.

And I used to do 4am shift starts (well 5am start but up at 4am for brekky lol) at one stage when younger.

It might even be better waking up at 4am (20:00 on the chart) to get the last two hours into the NY close BEFORE the day finishes and see what they throw up then.

Me, I'm still snoozing though lol

all the best
  • #5,344
  • Feb 23, 2023 11:25pm Feb 23, 2023 11:25pm
Quoting TimeTells
{quote} Sounds to me like you see it all clearly turnip. (now all we all have to do, is turn our clarity into winning trades )
Pete, you and turnip just started another spar and I'm going to be "prince of penzance" at the end. "hopefully"

in real life, not every one can be a Doctor, Engineer, Lawyer .... even if they wish to be, but they still make money in life.

in trading, hundred's of thousand's if not millions of traders make real money, long-term traders, swingtraders, aggressive daytraders and scalpers, mathematicians, HFT, FIX-API traders and more. they didn't bring the market to a halt, the market just got bigger and they made more money. look at the millionaires growing in the world, there is a good % of them made it from trading financial markets.

I remember before adding the sixth digit to forex, Arbitrage traders make hundreds of millions every year by scalping points and buying machines closer to Equinix centers and a Nano second means money to them, but after adding the sixth digit their profits dropped to scalping 1/10th of a point.

math is the same thing, it's available to everyone but not everyone can do it or understand it.

the next 2 examples look different but they use the same method "360" , one use math the other use methods(direction & range, Dow, divergence, Law of vibration, price & time squared)

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misusing indicators will add more chaos to the market, but when used properly it will organize the market.

cheers,
"the public is not yet ready for it" W.D. GANN
  • #5,345
  • Feb 23, 2023 11:58pm Feb 23, 2023 11:58pm
Quoting Kwt4x
{quote}
Pete, you and turnip just started another spar and I'm going to be "prince of penzance" at the end. "hopefully" in real life, not every one can be a Doctor, Engineer, Lawyer .... even if they wish to be, but they still make money in life. in trading, hundred's of thousand's if not millions of traders make real money, long-term traders, swingtraders, aggressive daytraders and scalpers, mathematicians, HFT, FIX-API traders and more. they didn't bring the market to a halt, the market just got bigger and they made more money....

All is good Kwt,

I think a point being made by turnip & me is that MATH is a singularity as a word narrative,

It is the implementation of Math by an Individual or group that defines its benefit. ie NOT just because someone used maths.

So turnip as i understood it was saying there is not ONE maths that traders could use as then ALL would be seeing the same thing. And we don't.


I love the Maths, in horse racing I used to quantify a "past" performance of every horse in each race for future use. Brilliant.

Then later I added ONE thing extra that made all the difference to me.
My observations.
In the end from 100% maths I was doing 20% maths and the rest visual and THERE lay the KEY. Well for me lol.

In Forex I came in using 100% maths, ie limited basic indicators based on OHLC and averaging, then looked further as well into Murrey, Fibs, Pivs etc etc

Then after talking to more seasoned traders who introduced me to the concept of the Market Behaviour & Market Mechanics I started using visuals (to my benefit).

A chart this morning, Day Open spike then back to Day Open.
The other day a market retrace from a major swing, and i could see it was 50% even before putting the fib tool on lol.

So no sparring at all LOL , just open discussion. I have much more to talk on Maths, big Maths full market maths etc, hedge funds like Rennaissance using super computers etc.

But I trade quite a bit in the washing machine, with the apparent randomness if you will, and most of it is visual now after I plot hi's & low's and other Targets.

I enjoy your charts (one earlier, the first one with the channels/envelopes I would have loved if you "saved" it as a white background LOL while at your office you still use black hahaaa. But no probs if not, I can usually squint and see what I need )



Each to their own and you do what you do well, I can see.
  • #5,346
  • Feb 24, 2023 1:21am Feb 24, 2023 1:21am
Quoting TimeTells
{quote} All is good Kwt, I think a point being made by turnip & me is that MATH is a singularity as a word narrative, It is the implementation of Math by an Individual or group that defines its benefit. ie NOT just because someone used maths. So turnip as i understood it was saying there is not ONE maths that traders could use as then ALL would be seeing the same thing. And we don't. I love the Maths, in horse racing I used to quantify a "past" performance of every horse in each race for future use. Brilliant. Then later I added ONE thing extra...
awwww, no sparring ? I was looking forward to win by KO , I guess I'm going to save my strength for another time

I agree with you, but I'm talking about measurement math to organize the reading of the market, it has nothing to do with trading by math like HFT using algos.

and I agree with turnip that there is a lot of math to use, but even if all traders use the exact math to be in sync to see the same thing, trading styles will not be the same, the same math could be used to scalp, daytrade or swing, so the benefit will vary.

the point of measurement math is to see major S/R levels in advance and help to plan the trading strategy from the reading.

this chart is the measurements of this week for GU, all traders should see the same levels if using the same math, but how to trade it is the question.

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cheers,
"the public is not yet ready for it" W.D. GANN
  • #5,347
  • Feb 24, 2023 1:35am Feb 24, 2023 1:35am
Quoting Kwt4x
{quote} awwww, no sparring ? I was looking forward to win by KO , I guess I'm going to save my strength for another time I agree with you, but I'm talking about measurement math to organize the reading of the market, it has nothing to do with trading by math like HFT using algos. and I agree with turnip that there is a lot of math to use, but even if all traders use the exact math to be in sync to see the same thing, trading styles will not be the same, but how to trade it is the question.,...

You get the forfeit Kwt, so you DO win hahaa


How to trade it is always the question, yes.

Here's what I'm staring at lol on the GJ with half an hour to go to London Open.

I will often wait for the first of the 'expansions' which may start as an up, and then go down, or vice versa.

These often happen prior to LO but not today

In these circumstances they can have 50 pips to play with up or down, to attract traders as they kick off,
and if a FakeNFlip is needed to balance out the 'aggregation (in my mind, I mean), then we should be careful at first blast off.

After that we are on our own with our wits.
I have attractor lines that can well attract traders BOTH buyers & sellers so not any S/R for me.
Just what response does the market have at certain levels.

(I also have a Major Attractor Line down at 160.670 with the RN000 above it of course, and others also below that - just waiting to see what they do)

Trade well folks, Friday can also be a shenanigans day, who knows, not me

.
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  • #5,348
  • Feb 24, 2023 2:12am Feb 24, 2023 2:12am
Quoting TimeTells
{quote} You get the forfeit Kwt, so you DO win hahaa How to trade it is always the question, yes. Here's what I'm staring at lol on the GJ with half an hour to go to London Open. I will often wait for the first of the 'expansions' which may start as an up, and then go down, or vice versa. These often happen prior to LO but not today In these circumstances they can have 50 pips to play with up or down, to attract traders as they kick off, and if a FakeNFlip is needed to balance out the 'aggregation (in my...
YAAAY, does that mean I'm the reigning champion and I should wait for the next challenger ? lol

thank you for proving my point, you used PP math and planned how to trade it. other traders will see the same PP levels but might plan to trade it differently.
the same will be with any other math, traders just need to find a SOLID math method and trade it however fit them.

btw, GANN Fibonacci Elliott and other, are measuring math.

cheers,
"the public is not yet ready for it" W.D. GANN
  • #5,349
  • Edited 2:32am Feb 24, 2023 2:21am | Edited 2:32am
Quoting Kwt4x
{quote}
YAAAY, does that mean I'm the reigning champion and I should wait for the next challenger ? lol thank you for proving my point, you used PP math and planned how to trade it. other traders will see the same PP levels but might plan to trade it differently. the same will be with any other math, traders just need to find a SOLID math method and trade it however fit them. btw, GANN Fibonacci Elliott and other, are measuring math. cheers,

Hi Kwt,

Yes I explained I use 20% math.
The 80% which is THE TRADING then is all visual.

The PP means to me that OTHER traders who believe in the math will be there & waiting to do "something".
That is the beauty of it.

Those traders will do 'something'. The Larger market will respond to the influx of liquidity.
And THEN, we trade (or I do, lol), sorry.
Patience, observation and then Management

ps I havent even gone down the road of good old swing targets yet, but you are getting the idea I reckon ?
The trading is US imho. The markets are the medium we do it in.

All the best for the rest of Friday. My expansions are underway, but who is trapped now and who is pushing hard I cannot tell yet lol.
I got mine in Asia and may not even trade again today, we shall see.

All the best, sir.
  • #5,350
  • Feb 24, 2023 2:45am Feb 24, 2023 2:45am
Quoting TimeTells
{quote} Hi Kwt, Yes I explained I use 20% math. The 80% which is THE TRADING then is all visual. The PP means to me that OTHER traders who believe in the math will be there & waiting to do "something". That is the beauty of it. Those traders will do 'something'. The Larger market will respond to the influx of liquidity. And THEN, we trade (or I do, lol), sorry. Patience, observation and then Management ps I havent even gone down the road of good old swing targets yet, but you are getting the idea I reckon ? The trading is US imho. The markets are...
Pete, I'm at the gym preparing for the next challenger, let me focus PLEASE. lol

I agree, and about swing trading, we should ALL talk about it more. imho, it's the best way for beginners to start trading with, less decisions less pressure and teach patience. daytrading and scalping should be last.

cheers,
"the public is not yet ready for it" W.D. GANN
  • #5,351
  • Feb 24, 2023 2:48am Feb 24, 2023 2:48am
Quoting Kwt4x
{quote}
Pete, I'm at the gym preparing for the next challenger, let me focus PLEASE.
lol I agree, and about swing trading, we should ALL talk about it more.
imho, it's the best way for beginners to start trading with, less decisions less pressure and teach patience. daytrading and scalping should be last. cheers,

Agreed Kwt, always an interesting chat sir, thank you
  • #5,352
  • Feb 24, 2023 4:37am Feb 24, 2023 4:37am
Day is over now, good fortunes all for New York,
I will look tomorrow morning at what they got up to
the Weekend

.
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  • #5,353
  • Feb 24, 2023 8:21am Feb 24, 2023 8:21am
Interesting ADR level in sight ? Wait for a while?
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every Saint has a past. Every Sinner has a Future
  • #5,354
  • Feb 24, 2023 8:48am Feb 24, 2023 8:48am
Quoting TimeTells
{quote} Hi Kwt, Yes I explained I use 20% math. The 80% which is THE TRADING then is all visual. The PP means to me that OTHER traders who believe in the math will be there & waiting to do "something". That is the beauty of it. Those traders will do 'something'. The Larger market will respond to the influx of liquidity. And THEN, we trade (or I do, lol), sorry. Patience, observation and then Management ps I havent even gone down the road of good old swing targets yet, but you are getting the idea I reckon ? The trading is US imho. The markets are...
All the Maths you need is taken care of by chart indicators, there is nothing (imho) that you need to calculate. Those days are long gone.

It then becomes a purely an art of analysing visual signals, then using past trading experience (knowledge of the behaviours of the instrument)
and proper risk management to trade.

None of these steps should you have to over-think and over-analyse

It should be a process of things to do, in a specific order, if things do not line up the way you want, then stand aside and wait for the next opportunity.


There should never be any FOMO what-so-ever.
It never gets easier, you just get better
  • #5,355
  • Feb 24, 2023 8:58am Feb 24, 2023 8:58am
Quoting turnip15
Interesting ADR level in sight ? Wait for a while? {image}
Worth waiting for.
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every Saint has a past. Every Sinner has a Future
  • #5,356
  • Feb 24, 2023 11:20am Feb 24, 2023 11:20am
Quoting TimeTells
{quote} Here's what I'm staring at lol on the GJ with half an hour to go to London Open. . {image}
When you look at a nice clean chart like this, you are seeing what needs to be seen, not what will happen tomorrow or next week or next month.

But what the market is likely to do in the next 5m, 15m or the next hour during the next session.

Spot the Accumulation during Asia today & Distribution that occured yesterday NY Open and you can see the "Big Plan" which should fit in nicely with the
Average Daily or Weekly Range.
It never gets easier, you just get better
  • #5,357
  • Feb 24, 2023 3:48pm Feb 24, 2023 3:48pm
Quoting Shabs19
{quote}
All the Maths you need is taken care of by chart indicators, there is nothing (imho) that you need to calculate. Those days are long gone. It then becomes a purely an art of analysing visual signals, then using past trading experience (knowledge of the behaviours of the instrument) and proper risk management to trade. None of these steps should you have to over-think and over-analyse It should be a process of things to do, in a specific order, if things do not line up the way you want, then stand aside and wait for...

Exactly Shabs,

Maths accounts for about 20% of my investment on a chart, the other 80% is what we can glean from the chart and THEN how we trade it.
  • #5,358
  • Feb 24, 2023 5:48pm Feb 24, 2023 5:48pm
Quoting TimeTells
{quote}
Trade well folks, Friday can also be a shenanigans day, who knows, not me. {image}

Saturday morning, and I like to do a review for myself to see what the NY crew all got up to.

I look at what mischief occured (lol), where did they do any 'flippers', at what Horizontal Target Lines were the larger market attracting in the traders.
(and they vary it each day, of course, the smart b@ggers hahaaa)

I got out with a little more post-London Open, then just closed shop well before the New York session.

How did the chart end up looking like this morning on review.

.
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  • #5,359
  • Feb 24, 2023 6:05pm Feb 24, 2023 6:05pm
Quoting TimeTells
{quote} Saturday morning, and I like to do a review for myself to see what the NY crew all got up to. I look at what mischief occured (lol), where did they do any 'flippers', at what Horizontal Target Lines were the larger market attracting in the traders. (and they vary it each day, of course, the smart b@ggers hahaaa) I got out with a little more post-London Open, then just closed shop well before the New York session. How did the chart end up looking like this morning on review. . {image}
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Mark ... Everything you have been told is a LIE
  • #5,360
  • Feb 24, 2023 6:11pm Feb 24, 2023 6:11pm
Quoting spzd
{quote} {image}
hahaaa
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