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Flying Dutchman

  • #5,421
  • Mar 2, 2023 1:18am Mar 2, 2023 1:18am
I mean, the 1 minute chart, right NOW on GBPJPY is one of their most perfect expansion plays I have seen recently.

Gathering fish.

Ready to haul in the nets soon, London I guess.




edit: oh yeah, here they are, the Stage One/Two expansions at play

.
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  • #5,422
  • Mar 2, 2023 2:14am Mar 2, 2023 2:14am
Levels and lines for a short
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every Saint has a past. Every Sinner has a Future
  • #5,423
  • Mar 2, 2023 2:26am Mar 2, 2023 2:26am
Quoting TimeTells
{quote} Likely the smartest way for sure. And I am so sorry, don't change anything now, but i cannot even see what TF chart that is, is it a Monthly Chart as you suggest on words on the chart. I do not trade Line Charts so I cannot hardly see lol where price is on your chart. I DO see the zig zag swings. As I (tried) to explain what Expansions look like to me on a 1min chart GJ, and tonight pre-Franky/Franky just now was a textbook market play, so. May I ask Kwt is it possible for you to explain in words what you see or what you are looking for...
hahaha, you're a payment behind, so we're even now.

regarding your "ps": we're all here to learn and help each other as much as we can, so I'm always willing to explain my charts to anyone.

explaining the chart: it's all about measuring

it's GJ H4 using last year high/low division to 1/8th's (Aqua) good for swings, and since they are large size, they also divided by 1/8th's (Gray) good for daytrading and scalping.

the levels are fixed for all TF's , just to know where the price is according to last year (25% 50% 75% .....)

BB (yellow) is what meant by monthly(120) as Direction and Range. lower TF's might have other settings to fit the trading style like weekly(120) for H1 or daily(96/48) for M15/M30 or even H4/H8(session)(48/96) for M5.

zigzag is time-based (whatever wave size fit the trading style)

multi stochastics using sequence of 1 2 4 to measure waves top/bottom (fixed for all TF's)

OsMA as diverging tool (fixed for all TF's but better in higher TF's)

knowing the basics of each method will organize the reading of the market. (might need some practice to perfect the sync of reading)

reading the market has nothing to do with trading, but it helps traders to build their strategies based on what they read.

hope I did good in explaining

cheers,
"the public is not yet ready for it" W.D. GANN
  • #5,424
  • Mar 2, 2023 2:44am Mar 2, 2023 2:44am
btw, GJ last year range is 2396 pips
major 1/8th size 299.5 pips
minor 1/8th size 37.4 pips
"the public is not yet ready for it" W.D. GANN
  • #5,425
  • Mar 2, 2023 2:48am Mar 2, 2023 2:48am
Quoting Kwt4x
{quote}
hahaha, you're a payment behind, so we're even now. regarding your "ps": we're all here to learn and help each other as much as we can, so I'm always willing to explain my charts to anyone. explaining the chart: it's all about measuring it's GJ H4 using last year high/low division to 1/8th's (Aqua) good for swings, and since they are large size, they also divided by 1/8th's (Gray) good for daytrading and scalping. the levels are fixed for all TF's , just to know where the price is according to last year (25%...

You are good fun Kwt.

Yes cheers pal. Explanation works for me.

You trade more like Institutional maybe, bigger picture, direction etc.

That’s why I enjoy seeing & talking to other traders.


While I’m trading down in the dirty old engine-room lol, the washing-machine if you like.

First trade 05:00 waiting for the market to come back to the large candle target top left then rode a little too long for a +7p.

2nd trade was AFTER the London open move, I waited till the “probability” of a flip back was alleviated, direction confirmed,
Got in on the back of the move, get out at Yesterday’s New York Open level +10p
(price CAN go lower from there, but that NYO level point is a 99% ‘lock’ imo, no pressure, trade closed, job done)

+17p day when I seek a +15p day, it seems crazy all so quick but job all done now, my day is over,
tho I will watch the mechanics for a little longer, can learn still & it's a bit of fun, but no fomo and no wish for more (OR to give any back lol).

Thank you again Kwt.

.
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  • #5,426
  • Mar 2, 2023 3:01am Mar 2, 2023 3:01am
Quoting TimeTells
{quote} You are good fun Kwt. Yes cheers pal. Explanation works for me. You trade more like Institutional maybe, bigger picture, direction etc. That’s why I enjoy seeing & talking to other traders. While I’m trading down in the dirty old engine-room lol, the washing-machine if you like. First trade 05:00 waiting for the market to come back to the large candle target top left then rode a little too long for a +7p. 2nd trade was AFTER the London open move, I waited till the “probability” of a flip back was alleviated, direction confirmed,...
you're welcome,

I'm not a fan of trading the Asian session, too tight and slow for me, also I'm sleep at the time, so no harm done

I always wait for a sync in reading within London trying to catch best wave of the day, just like GU now.

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cheers,
"the public is not yet ready for it" W.D. GANN
  • #5,427
  • Mar 2, 2023 3:16am Mar 2, 2023 3:16am
Quoting Kwt4x
{quote}
you're welcome, I'm not a fan in trading the Asian session, too tight and slow for me, also I'm sleep at the time, so no harm done
I always wait for a sync or reading within London trying to catch best wave of the day, just like GU now. {image} cheers,

Yep, I've got it now. You are Larger Swing Trading, excellent, nice (not monthly Insitutional style).

Asia is slow for sure, City Of London closed but the Tokyo centre is open. They are happy to give away 5-10 pips in the early ranges I have observed over time.

Now London, different kettle of fish for me, as while you are looking for the sweet waves & swings, I cannot be up for the extra hours now inside those gyrations with the sometimes 30-40 pip pullbacks, flash spikes, fake runs etc but YOU will definately get the larger piece of the pie than at my disposal for sure, well done.

I have structured all my trading now - a/c, leverage, lot size - around grabbing/scalping/(small swings) for 15 pips a day and then I am finished and done.
(20p is 1% on a/c).

I will still watch the charts from a distance now, over my right shoulder lol, while I am NOW enjoying an ale and replaying the ladies PGA In Singapore Round One which I recorded earlier on Foxtel.

The 2nd day of the Month and the new GBPJPY Monthly levels are established, I will see how close the Market got to them in New York lol when I wake tomorrow.

Have a great night Kwt, trade well pal.
  • #5,428
  • Mar 2, 2023 3:39am Mar 2, 2023 3:39am
Quoting TimeTells
{quote} Yep, I've got it now. You are Larger Swing Trading, excellent, nice (not monthly Insitutional style). Asia is slow for sure, City Of London closed but the Tokyo centre is open. They are happy to give away 5-10 pips in the early ranges I have observed over time. Now London, different kettle of fish for me, as while you are looking for the sweet waves & swings, I cannot be up for the extra hours now inside those gyrations with the sometimes 30-40 pip pullbacks, flash spikes, fake runs etc but YOU will definately get the larger piece of the...
don't get me wrong, I do both but it depend on the starting point.

to me, London wave is a scalp because it might be within the daily range without breaking it.

2-3 days swing or more will have to start by breaking the daily range after a strong trend, if it slow down and squeeze within the weekly range then that's the end of it. but if it look strong and break the weekly, I'll stay with it some more. it's all about the reading.

I know timezones does not help some traders so they have to adapt.

enjoy the ale and the ladies

have a good night Sir.

cheers,
"the public is not yet ready for it" W.D. GANN
  • #5,429
  • Mar 2, 2023 4:02am Mar 2, 2023 4:02am
Quoting Kwt4x
{quote}
don't get me wrong, I do both but it depend on the starting point. to me, London wave is a scalp because it might be within the daily range without breaking it.
2-3 days swing or more will have to start by breaking the daily range after a strong trend, if it slow down and squeeze within the weekly range then that's the end of it. but if it look strong and break the weekly, I'll stay with it some more. it's all about the reading. I know timezones does not help some traders so they have to adapt....


Folks might see that this is what I mean when just simple chitter-chatter between traders expands into preferences & styles & MORE.

Which is maybe why I write (too) long posts here lol, and ask (too) many questions also hahaa .

What you have posted above Kwt would never have come out in just a nibble here, nibble there type of thread chatter.

Andy/Moodybot will have interest in your post I would say when I mention that 2-3 day principle as, unlike me, he trades the larger wider timescales also.

And also Kev/Bluesteele who I remember telling me one day that he & George spent a whole day themselves pouring over charts and establishing working trading skills on just DAILY candles as an exercise in learning (and using the same market mechanic principles as on lower timeframes).


But in trading though, I still like to be in and done early enough, quick if possible. When I was horseplaying properly for about twenty years I had my skillset honed to the quick sprint races (well up to one mile/1600m). I had little interest in the longer distance races.
So I think I brought that mentality style with me to Forex currency trading 5 yrs ago.

Now if I was 20 years younger I probably would take the market on all night long on GJ lol hahaaa. But I am past sitting up all night now, but I do love the markets as to me it is 80% thinking & visual once we have put the 20% maths away after it has done ’its’ good job.

I'll let you get back to the trading Kwt (or the gym lol, sorry hahaa).
  • #5,430
  • Mar 2, 2023 4:39am Mar 2, 2023 4:39am
Quoting TimeTells
{quote} Folks might see that this is what I mean when just simple chitter-chatter between traders expands into preferences & styles & MORE. Which is maybe why I write (too) long posts here lol, and ask (too) many questions also hahaa . What you have posted above Kwt would never have come out in just a nibble here, nibble there type of thread chatter. Andy/Moodybot will have interest in your post I would say when I mention that 2-3 day principle as, unlike me, he trades the larger wider timescales also. And also Kev/Bluesteele...
in our culture we have a saying: polite asking is half the knowledge.
and you my friend, mastered that

everything about trading is free in the internet, but Asking make shortcuts and save time (without the arguments of course)

it's always a pleasure talking to experienced traders, maybe we'll squeeze some info from Andy and Kev

and no worries about your trading, any trading style that make profits from the market is good.

I stopped the Gym since you said no sparring :/

cheers,
"the public is not yet ready for it" W.D. GANN
  • #5,431
  • Mar 2, 2023 4:58am Mar 2, 2023 4:58am
How nice to see civilised discussion on various trading styles without the children's playground tantrums
every Saint has a past. Every Sinner has a Future
  • #5,432
  • Mar 2, 2023 5:02am Mar 2, 2023 5:02am
[quote=TimeTells;14344327]{quote} Folks might see that this is what I mean when just simple chitter-chatter between traders expands into preferences & styles & MORE. Which is maybe why I write (too) long posts here lol, and ask (too) many questions also hahaa . What you have posted above Kwt would never have come out in just a nibble here, nibble their type of thread chatter. Andy/Moodybot will have interest in your post I would say when I mention that 2-3 day principle as, unlike me, he trades the larger wider timescales also. And also Kev/Bluesteele... But I am past sitting up all night now/quote]


Timetells, here is a sleep guide for you to ensure you remain fighting fit for market open
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every Saint has a past. Every Sinner has a Future
  • #5,433
  • Mar 2, 2023 5:19am Mar 2, 2023 5:19am
Quoting turnip15
Quoting TimeTells
{quote} Folks might see that this is what I mean when just simple chitter-chatter between traders expands into preferences & styles & MORE. Which is maybe why I write (too) long posts here lol, and ask (too) many questions also hahaa . What you have posted above Kwt would never have come out in just a nibble here, nibble their type of thread chatter. Andy/Moodybot will have interest in your post I would say when I mention that 2-3 day principle as, unlike me, he trades the larger wider timescales
...


Hahaaa, cheers turnip, much appreciated sir.

To be open & up front I will confess that I am still in the 7-9 hours nights sleep category I'm just not saying which one


Now, my only question & concern from your infographic above, for my future is ....

Do all the good folk over 90 not need ANY sleep hours. Or does it just become irrelevant for them

You have brightened the evening T thank you.
  • #5,434
  • Mar 2, 2023 7:02am Mar 2, 2023 7:02am
Quoting TimeTells
{quote}{quote} Hahaaa, cheers turnip, much appreciated sir. To be open & up front I will confess that I am still in the 7-9 hours nights sleep category I'm just not saying which one Now, my only question & concern from your infographic above, for my future is .... Do all the good folk over 90 not need ANY sleep hours. Or does it just become irrelevant for them You have brightened the evening T thank you.
Me neither
every Saint has a past. Every Sinner has a Future
  • #5,435
  • Mar 2, 2023 8:40am Mar 2, 2023 8:40am
Quoting turnip15
Quoting TimeTells
{quote} Folks might see that this is what I mean when just simple chitter-chatter between traders expands into preferences & styles & MORE. Which is maybe why I write (too) long posts here lol, and ask (too) many questions also hahaa . What you have posted above Kwt would never have come out in just a nibble here, nibble their type of thread chatter. Andy/Moodybot will have interest in your post I would say when I mention that 2-3 day principle as, unlike me, he trades the larger wider timescales
...
What about the 18-25 year olds Turnip? Do't see any sleep requirements there? Sounds about right .. They are out partying with the over 90's obviously
  • #5,436
  • Mar 2, 2023 8:48am Mar 2, 2023 8:48am
Quoting Danger-Mouse
{quote}{quote} What about the 18-25 year olds Turnip? Do't see any sleep requirements there? Sounds about right
We were too busy to sleep. Got to work; come home for tea; dress up in our finery ( winkle picker shoes, Beatles jacket etc) and go to pub for a couple of hours,; then go off to the nightclub - I'm tired just reading that
every Saint has a past. Every Sinner has a Future
  • #5,437
  • Mar 2, 2023 8:54am Mar 2, 2023 8:54am
Lock in a few points here
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every Saint has a past. Every Sinner has a Future
  • #5,438
  • Mar 2, 2023 5:18pm Mar 2, 2023 5:18pm
Quoting turnip15
Quoting TimeTells
{quote} Folks might see that this is what I mean when just simple chitter-chatter between traders expands into preferences & styles & MORE. Which is maybe why I write (too) long posts here lol, and ask (too) many questions also hahaa . What you have posted above Kwt would never have come out in just a nibble here, nibble their type of thread chatter. Andy/Moodybot will have interest in your post I would say when I mention that 2-3 day principle as, unlike me, he trades the larger wider timescales
...
I can't see myself there!!
On weekdays, I (my sleep) am at the mercy of the market Swing, and on the weekend, I (my sleep) am at the mercy of the wifey's mood Swing.
Success = Practice + Patience + Persistence
  • #5,439
  • Mar 2, 2023 5:23pm Mar 2, 2023 5:23pm
Quoting fxpider
{quote}{quote} I can't see myself there!! On weekdays, I (my sleep) am at the mercy of the market Swing, and on the weekend, I (my sleep) am at the mercy of the wifey's mood Swing.
Only one is easy to handle..............
It never gets easier, you just get better
  • #5,440
  • Mar 2, 2023 5:31pm Mar 2, 2023 5:31pm
Quoting Shabs19
{quote} Only one is easy to handle..............
In either case, I just try to play the probability.
Success = Practice + Patience + Persistence
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