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Flying Dutchman

  • #5,481
  • Mar 3, 2023 5:14pm Mar 3, 2023 5:14pm
Quoting spzd
{quote}
You have cookies ...

Hahaa yep

The great Kentucky Derby winner once again

https://www.forexfactory.com/thread/...2#post14335442
  • #5,482
  • Mar 3, 2023 5:20pm Mar 3, 2023 5:20pm
Quoting TimeTells
{quote} Hahaa yep The great Kentucky Derby winner once again https://www.forexfactory.com/thread/...2#post14335442
The biscuit itself

Inserted Video
Mark ... Everything you have been told is a LIE
  • #5,483
  • Mar 3, 2023 5:30pm Mar 3, 2023 5:30pm
Quoting TimeTells
{quote} GJ, in its current inflection state looks to be building & gathering accumulations for something imo. I like to wait for the initial blastoff first tho lol, then observe the stage one rocket releases (pullbacks, profit takings, fake'n'flips etc), and then see where I might purchase a ticket on the train to its next destination. The market loves to make it a bumpy trip for us though, along the way. But that's my fun also hahaa. Trade well all.
time-based MA's are more accurate than random ones, and they are 50% of periods.

here is GJ H4 with weekly range(white) monthly(blue) 3months(yellow) 6months(aqua) 1 year(red)

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter 4215.png Size: 55 KB


where do you think GJ is going ? without Exactly, approximately or where do you want it to go. LOL

cheers,
"the public is not yet ready for it" W.D. GANN
  • #5,484
  • Mar 3, 2023 5:39pm Mar 3, 2023 5:39pm
Quoting Kwt4x
{quote}
time-based MA's are more accurate than random ones, and they are 50% of periods. here is GJ H4 with weekly range(white) monthly(blue) 3months(yellow) 6months(aqua) 1 year(red) {image}
where do you think GJ is going ? without Exactly, approximately or where do you want it to go. LOL cheers,

That is a great question Kwt.

For myself, as you know, I am session based and have the full realisation that, at any point, the market "in my time of trading" can go either Up or Down (or both lol).

However, that is only me (the scalping/trading economist in me lol, just joking ie 50/50 yen post above).


Your question would be terrific for the widest audience
and MAY WELL be touching on a topic, commenced in the past year cheers BW (but not yet completed)

as to what is the current

INTENT

Of the market. And how we might benefit from knowing it.

And it would be great for many (I believe) if they can first take a mental picture themselves of their thoughts, from your chart,
and then let's maybe pursue IDEAS over the next week of what a current intent might be.
  • #5,485
  • Mar 3, 2023 5:58pm Mar 3, 2023 5:58pm
I'm off for a haircut right now.
But I'll be thinking (can't stop myself lol) on this INTENT idea.
cheers gang, have a top weekend
  • #5,486
  • Mar 3, 2023 6:02pm Mar 3, 2023 6:02pm
Quoting TimeTells
{quote} That is a great question Kwt. For myself, as you know, I am session based and have the full realisation that, at any point, the market "in my time of trading" can go either Up or Down (or both lol). However, that is only me (the scalping/trading economist in me lol, just joking ie 50/50 yen post above). Your question would be terrific for the widest audience and MAY WELL be touching on a topic, commenced in the past year cheers BW (but not yet completed) as to what is the current INTENT Of the market. And how we might benefit from knowing...
as I said before , Asian session is to tight for me and lower TF can confuse me easily.
but here is GJ M5 with session(8 hours) range(white) daily(yellow) weekly(red)

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter 4216.png Size: 36 KB


when it's trending it's tradable to me, but when ranging it drive me crazy, nothing is readable to me. my best TF is M30 with daily range minimum.

cheers,
"the public is not yet ready for it" W.D. GANN
  • #5,487
  • Mar 3, 2023 6:20pm Mar 3, 2023 6:20pm
Quoting Kwt4x
{quote} as I said before , Asian session is to tight for me and lower TF can confuse me easily. but here is GJ M5 with session(8 hours) range(white) daily(yellow) weekly(red) {image} when it's trending it's tradable to me, but when ranging it drive me crazy, nothing is readable to me. my best TF is M30 with daily range minimum. cheers,

Okay lol, but I’m “out the door” honestly lol, sorry won’t see me for a period.


But Asia. Yes.

Ranging can drive traders crazy (especially direction/trend followers).

With a little lateral thinking I try & approach Asia this way.


BY DEFINTION.
Asia must create a NEW high and low for the new day.

MUST. Not just maths, but just a normal reality, the high of the range is the new day high etc, yes

SO.

When Asia HAS made a new high of the day (at some point from your “own” asia box).
then, again by definition it HAS to make the new LOW also (while THAT may already now be behind price itself, if you know what I mean).

So where is price at a high OR low, as it HAS to go opposite at some point to create the other end
(or has already left the 'other end' behind, from its starting point ie Day Open Line or such).

If the Day Open or near is NOT the new high/low of the day then we will see range develop. Which imho is tradeable, on a smaller scale.
Just, as always, trade this stuff with caution. And base it on the REALITY of what the market is DOING. Not what you think it will do, but what it IS doing.

Easy? No. It’s trading lol.
For the market to be a "functional market” it must IMHO have apparent misdirections which are the ups & downs of price movement (and are non-random, imo).


I see (Kwt’s) INTENT as being the longer term directional bias inside (some, maybe) major swings.

I will read this discussion if it takes off with great interest.
Though I have not nailed Intent myself after many attempts to do so (I'm probably looking inside too tight a window or sphere of trading though)

all the best folks, my barber awaits.
  • #5,488
  • Mar 3, 2023 8:02pm Mar 3, 2023 8:02pm
I have a few thoughts. Will put them forth in the am.
Mark ... Everything you have been told is a LIE
  • #5,489
  • Edited 12:54am Mar 4, 2023 12:01am | Edited 12:54am
Quoting Kwt4x
{quote} time-based MA's are more accurate than random ones, and they are 50% of periods. here is GJ H4 with weekly range(white) monthly(blue) 3months(yellow) 6months(aqua) 1 year(red) {image} where do you think GJ is going ? without Exactly, approximately or where do you want it to go. LOL cheers,
If you are an intraday swing trader, aiming for 50pips minimum per entry, then keep your eyes on the h4 candle. The secret sauce is h4 candle and h4 intent(not the same as candle) governs intraday movement. H4 intent is the most important, trade in the direction of the intent, never against this intent that kills the account.

When I look at your chart, your MAs are all wrong, the window indicators are not coordinated to your indicators on chart making it misleading, therefore damaging to interpretation. I'm sorry for my direct assessment, not to hurt you but to tell it as it is.

Anyway, read my first para, there are 6candles everyday. Find a way how to quantify WHEN you know the h4 intent is clear inside every trading day.

The key question about intraday intent,

WHEN does the h4 show clear intent of a 50pips and more move inside the trading day?

Check your charts of your fav trading pairs that you are familiar with, look out for any repeating patterns.
One more thing, start from the 3rd h4. That means you hv only 4 h4s to figure out.

Big secret sauce, the only thing that can move a intraday swing 50pips and more is h4 intent.

Cheers
BW

Ps if you want to trade intra week, it's the same, just increase the intent to daily candle and day intent. There are 5 day candles a week, forget about Monday candle, start with Tuesday, you hv 4 candles to figure out.

The same big secret sauce, the only thing that can move a intraweek swing 100pips and more is daily intent.

And if you prefer shorter tf, then the only thing that can move a h4 swing 20-30pips is h1 intent, and so on...

So watch closely the correct candles, depends what swing you chose to trade.

Cheers
Know what you trade
  • #5,490
  • Mar 4, 2023 12:20am Mar 4, 2023 12:20am
Quoting TimeTells
{quote} Okay lol, but I’m “out the door” honestly lol, sorry won’t see me for a period. But Asia. Yes. Ranging can drive traders crazy (especially direction/trend followers). With a little lateral thinking I try & approach Asia this way. BY DEFINTION. Asia must create a NEW high and low for the new day. MUST. Not just maths, but just a normal reality, the high of the range is the new day high etc, yes SO. When Asia HAS made a new high of the day (at some point from your “own” asia box). then, again by definition it HAS to make the new LOW also (while...
"Asia must create a NEW high and low for the new day."
Exactly, that's what I think of asia, it's a pullback from yesterday high/low.

regarding INTENT:

you can't go wrong by using direction and Dow readings.

Dow explained trend stages into 2 , trend up/down and sideway
Uptrend: higher high and higher low (HHHL)
Downtrend: lower high and lower low (LHLL)
but the sideway is the most important since it changes trend, and he made a rule for it, explained in the image

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter 1082.png Size: 28 KB


here is 2 examples of same setting of BB (48) & ZZ (12)

in M15 the direction will be half a day (12 hours) and the reading is 3 hours

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter 4217.png Size: 35 KB


in M30 the direction is a Day and the reading is 6 hours

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter 4218.png Size: 37 KB


when a trend start it would be easy reading, so you always be careful when the sideway start until the break of previous trend.

cheers,
"the public is not yet ready for it" W.D. GANN
  • #5,491
  • Edited 12:50am Mar 4, 2023 12:23am | Edited 12:50am
Compare GJ and GU charts Friday,

GJ has no clear intent because it's trapped both top and bottom, can't make 50pips swing.

Whereas GU has a clear bottom at 1.19620 region, safe entry at LC for clear h4 intent to take place us session. And it did as expected.

Here's the thing, if you miss this trade entry you won't get another opportunity.

Cheers
BW

***important note, h4 intent must be orientated to exact level. Intent without level is meaningless.
Know what you trade
  • #5,492
  • Mar 4, 2023 12:58am Mar 4, 2023 12:58am
Quoting BWilliam
{quote} If you are an intraday swing trader, aiming for 50pips minimum per entry, then keep your eyes on the h4 candle. The secret sauce is h4 candle and h4 intent(not the same as candle) governs intraday movement. H4 intent is the most important, trade in the direction of the intent, never against this intent that kills the account. When I look at your chart, your MAs are all wrong, the window indicators are not coordinated to your indicators on chart making it misleading, therefore damaging to interpretation. I'm sorry for my direct assessment,...
I use TIME in everything Direction/Range/Dow/measurements

and I agree with H4 and H4 intent.

but, if TIME-based MA's are wrong and misleading, then RANDOM MA's are catastrophe, don't you think ?

here is GU M5 using H4 intent by TIME in direction/range/Dow yesterday

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter 4220.png Size: 37 KB


if you think it's misleading, I see it making me almost 4% (3.92%) in 1 day.

when using TIME you read and trade periods not TF's.

cheers,
"the public is not yet ready for it" W.D. GANN
  • #5,493
  • Mar 4, 2023 1:09am Mar 4, 2023 1:09am
Quoting Kwt4x
{quote} I use TIME in everything Direction/Range/Dow/measurements and I agree with H4 and H4 intent. but, if TIME-based MA's are wrong and misleading, then RANDOM MA's are catastrophe, don't you think ? here is GU M5 using H4 intent by TIME in direction/range/Dow yesterday {image} if you think it's misleading, I see it making me almost 4% (3.92%) in 1 day. when using TIME you read and trade periods not TF's. cheers,
This pic that you posted showed clear h4 intent on the m5 chart, the trade entry is clear.

The problem is its difficult to visualise h4 intent from m5 chart. Not that it can't be done, what I m pointing out is we are trading h4 intent for intraday swing 50pips and more. You can use whatever method that suits you, doesn't matter. Make sure you TRUST the tools you use which is different for each of us.

The common denominator is h4 intent moves intraday move 50pips and more. This is what I emphasise on. This move brings in the pips and translated into $ without overleveraging. Miss this trade opportunities, the next one is a few hours away.

And you are spot on correct, TIME which I prefer to refer it as clock is the key. Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter 4220.png Size: 37 KB
Know what you trade
  • #5,494
  • Mar 4, 2023 1:10am Mar 4, 2023 1:10am
example on using multi periods from same TF

GU M30, Daily(white) Weekly(blue)

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter 4221.png Size: 43 KB

cheers,
"the public is not yet ready for it" W.D. GANN
  • #5,495
  • Mar 4, 2023 1:18am Mar 4, 2023 1:18am
Quoting Kwt4x
example on using multi periods from same TF GU M30, Daily(white) Weekly(blue) {image} cheers,
I'm sure you know your m30 is much clearer than your m5, if you know what I mean.

Btw I use m5 for entry. Cheers
Know what you trade
  • #5,496
  • Mar 4, 2023 1:22am Mar 4, 2023 1:22am
Quoting Kwt4x
{quote} "The problem is its difficult to visualise h4 intent from m5 chart" the H4 Direction in the image is pointing up and not done yet and made 100+ pips, what more do you want to see ? cheers,
Sorry, I was not referring to you. Looking at your charts I know you are already familiar with this.

I was referring to people out there who look at your chart, I'm sure they hv problems visualising h4 intent which is shown clearly on your charts, especially the m30. I was referring to them onlookers.

My apologies.
Know what you trade
  • #5,497
  • Mar 4, 2023 1:24am Mar 4, 2023 1:24am
Quoting BWilliam
{quote} I'm sure you know your m30 is much clearer than your m5, if you know what I mean. Btw I use m5 for entry. Cheers
of course it is that's what I watch before going to M5 waiting for H4 reading breakout. so we do agree on something lol

btw, BB 48 is a Day in M30, and H4 in M5. so I have the best reading in both TF's

cheers,
"the public is not yet ready for it" W.D. GANN
  • #5,498
  • Mar 4, 2023 1:25am Mar 4, 2023 1:25am
Quoting BWilliam
{quote} Sorry, I was not referring to you. Looking at your charts I know you are already familiar with this. I was referring to people out there who look at your chart, I'm sure they hv problems visualising h4 intent which is shown clearly on your charts, especially the m30. My apologies.
no worries Sir
"the public is not yet ready for it" W.D. GANN
  • #5,499
  • Mar 4, 2023 1:27am Mar 4, 2023 1:27am
Quoting Kwt4x
{quote} of course it is that's what I watch before going to M5 waiting for H4 reading breakout. btw, BB 48 is a Day in M30, and H4 in M5. so I have the best reading in both TF's cheers,
If onlookers just follow what you do, trade intraday swings 50pips and more, it's a cinch. Imagine what 50pips can do for our account.
Know what you trade
  • #5,500
  • Mar 4, 2023 1:37am Mar 4, 2023 1:37am
One last thing, that's why I wrote repeatedly, trading can be done on MT4 phone apps anywhere anytime, no special indicators required. Cheers

Ps, Kwt4x you are the first member who does very similar to what I do. Finally.
Know what you trade
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GreatDee