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Flying Dutchman

  • #5,881
  • Edited 3:44am Mar 8, 2023 3:33am | Edited 3:44am
Quoting FocusWinReal
{quote} TT, Do you trade the 1min to get those pre franky /franky trades? I watch them (moves not 1 min) a lot but use them as let's see what the candles do before the increase in trades comes in.
Hi FWR,

Mate if I put the whole picture out here it might show the best balance I can't be sure, as it's sometimes the 1min and sometimes not if you know what I mean.

Because I trade essentially the one pair I have the luxury of running 6 TF templates at the bottom of my screen to call up as I wish.

I like to "change" TF view as, NOT just for my eyeballs hahaa staring at one constant view but as it allows me to refocus MY perspective on the bigger price picture.

So 1DY, 4HR, 1HR, 15m , 5m & 1min. The 1dy & 4hr template are same. The 15m & 5m template are same. The 1min is same as 5m/15m with some extras.

But yes the trade before was all 1min but I knew what price had been doing for 3 hrs prior, from an in & out distance not glued to the screen, and was just waiting for price to line up with a (any) structure line at the same time as an RN line for example or an MA that had worked its way into the confluence.

The trade itself was all from a Horizontal Structure Line, and the Line Break, at last lol, by price,
then a re-retest that HELD and did NOT go back above the Line
and then you either trade OR you don’t, up to you at the time in what I can only call 'how the candles are forming/moving' (and that is a long story lol & what I noticed others do while I was either talking or trading with them - they were more experienced).

Hope that helps lol, reading back it seems a bit arbitrary but then I do say I a not a set repeat type trader but a Discretionary Observational trader
(ie whats happening NOW)


EDIT ps lol: I do not draw any narratives on my charts like HL, LH etc I just see them, same with any other structure Lines not on my quarters grid, I dont draw them on my chart.
  • #5,882
  • Mar 8, 2023 3:58am Mar 8, 2023 3:58am
Quoting spzd
{quote} Instead of continuing to demean people, you could man up and put your research and theories on the line.
Let me tell you the first secret.

Insult is a state of mind you chose for yourself.
Nobody chose it for you, YOU did.

Don't blame other people for the choices you make.

2nd secret.

The "person" who made you chose insult has a name.

Your good friend, Mr..... EGO.

Cheers
BWilliam
Know what you trade
  • #5,883
  • Mar 8, 2023 4:08am Mar 8, 2023 4:08am
Quoting BWilliam
{quote} Bogdan, you can't be serious. You want me to learn from a dumb trader? Plssszzzz? You can keep the full course sumptuous dinner to yourself including my share, enjoy! Btw, I have to ask you this, Have you quit your job be a full time scalper after years of hands on experience trading with the expert Gurus in the cave? Any progress yet? Cheers
Hehe Jason...I know that I am usually sarcastic, but believe it or not, this time I was serious. I would have reserved the right to say that Blue (or anyone else) is a dumb trader after I would have spoken with him. For me that would have been a more reasonable approach.

Anyway, regarding the cave Gurus...you still didn't get over this. Remember that you was invited several times to join that discord channel and you denied it for various reasons WHILE you were there curious about what was happening in there. Btw, I can tell you that those guys are smart, having different trading approaches, willing to share and majority were trading live. So a very good place to enlarge your knowledge about trading.

Regarding quitting my job to become a full time scalper the answer is no. And I'll tell you why, because there is no secret: I need a certain level of capital to trade with. As a matter of fact, I think this is the most important reason for which retail traders fail, because if you trade with a small capital, like 5k to 10k (which btw could be huge for many on this forum) and you make monthly gain of 10% (which is very good), you would gain around 0.5k to 1k. Can you live with 1k provided that you quit your job and you have a family? Probably not. So what are you tempted to do? Overleverage, overtrade and all the other errors from the manual, because otherwise the figures won't have significance for you. And in the end you'd blow up your account, right?

There are other objective reasons, but I hope you got the picture. It was a long reply anyway...

Cheers,
B
On ignore list of scammers, deceivers and low IQ individuals. Exclusively
  • #5,884
  • Edited 5:06am Mar 8, 2023 4:12am | Edited 5:06am
Quoting bfx17
{quote} Hehe Jason...I know that I am usually sarcastic, but believe it or not, this time I was serious. I would have reserved the right to say that Blue (or anyone else) is a dumb trader after I would have spoken with him. For me that would have been a more reasonable approach. Anyway, regarding the cave Gurus...you still didn't get over this. Remember that you was invited several times to join that discord channel and you denied it for various reasons WHILE you were there curious about what was happening in there. Btw, I can tell...
Hi bogdan, may I recommend you delete this post.
Because it has personal content. Not suitable for open forum.

I was just pulling your leg. Just for laughs. Don't take it seriously. And I will delete both posts.

As to the serious side, I will scrutinise with a fine comb if the trading strategy is dumb or not. Most strategies don't have enough detail work to qualify not dumb. To ME. Just another run of the mill strategy.

We both know it's difficult to make money from trading. Therefore, by extension, most trading strategies come out short. Not good enough, therefore, dumb. You get my drift.

And if indeed there's a detailed not dumb trading strategy, do you expect such a great mind who created it to suddenly turn dumb post it on FF forum? Are you kidding?

As to the trader himself, its the trading strategy that maketh the trader. We got to look at the core, ie. the trading strategy. Are you sure there are traders who execute dumb strategies, yet their trades don't look dumb? Howzat possible? Ofc they are not telling the complete picture.

Even if its true the particular trader has special endowments, its has no relevance to us. We have to assume we are mere mortals, average Joe trader.

I hope you get my point.

And ofc people get insulted when told they trade dumb strategies.

Think about this, how dumb do we have to be to pass off dumb strategies as valid? Where does the fault lie? Cheers
Know what you trade
  • #5,885
  • Mar 8, 2023 4:16am Mar 8, 2023 4:16am
Quoting BWilliam
{quote} Hi bogdan, may I recommend you delete this post. Because it has personal content. Not suitable for open forum. I was just pulling your leg. Just for laughs. Don't take it seriously. And I will delete both posts. Cheers
lol...I dont delete posts man and I rarely edit them, usually to correct some typos
On ignore list of scammers, deceivers and low IQ individuals. Exclusively
  • #5,886
  • Mar 8, 2023 4:29am Mar 8, 2023 4:29am
Quoting BWilliam
{quote} Hi bogdan, may I recommend you delete this post. Because it has personal content. Not suitable for open forum. I was just pulling your leg. Just for laughs. Don't take it seriously. And I will delete both posts. As to the serious side, I will scrutinise with a fine comb if the trading strategy is dumb or not. Most strategies don't have enough detail work to qualify not dumb. To ME. Just another run of the mill strategy. We both know it's difficult to make money from trading. Therefore, by extension, most trading strategies come out short....
lol again...you just added 10 lines to this post AFTER I replied to it...that's just crazy

cheers
On ignore list of scammers, deceivers and low IQ individuals. Exclusively
  • #5,887
  • Mar 8, 2023 4:44am Mar 8, 2023 4:44am
Wow 117 posts since my last view, last night !!

FF coffers wil be ringing today...................... LOL

IMHO waiting for the 3rd H4 candle to show intent means you can't really trade the Asian, Franky or half of the UK session.

This H4 candle would close at around 12.00 am midday, 12 hrs into the day. So basically trading the US session only.

Waiting for the 33% ADR or 40 pips approx, to ride out first before knowing the Intent of the Market sounds good on paper but in reality the market has

often shown it's hand already, 3 equal highs, market failing to break above, fake & break, also proof is GeFX 's chart, which is can also be seen as a

break of structure & retest, although a later entry than I would have got but still valid.

Targets are anyone's guess, these can be seen with the naked eye, no mathematics needed, depends on your Fear & Greed and your profit objectives.

Most of my "Line work" is on the M15 to see 3 days PA, H1 to zoom out to see a Week's PA , zoom into M5 to refine entry SL & TP's.

If you can't do that in about 5 mins, go to another currency pair.

For confirmation of strengths, Use a currency strength meter. Plenty about, Trade the strongest vs the weakest, no point sitting in a ranging market.
It never gets easier, you just get better
  • #5,888
  • Mar 8, 2023 5:02am Mar 8, 2023 5:02am
Meanwhile numb nut is watching this 5 minute Demo trade to see if the 1 minute hits the 15 minute level and/or go lower towards ADR ( Not shown) below Previous Low (blue line)
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY_2023-03-08_10-59-22_d60dd.png Size: 139 KB
every Saint has a past. Every Sinner has a Future
  • #5,889
  • Mar 8, 2023 5:06am Mar 8, 2023 5:06am
Quoting Shabs19
Wow 117 posts since my last view, last night !! FF coffers wil be ringing today...................... LOL IMHO waiting for the 3rd H4 candle to show intent means you can't really trade the Asian, Franky or half of the UK session. This H4 candle would close at around 12.00 am midday, 12 hrs into the day. So basically trading the US session only. Waiting for the 33% ADR or 40 pips approx, to ride out first before knowing the Intent of the Market sounds good on paper but in reality the market has often shown it's hand already, 3 equal highs, market...
......" no point sitting in a ranging market."

OOPS ! My E/J demo ( Above) might be doing just that
every Saint has a past. Every Sinner has a Future
  • #5,890
  • Mar 8, 2023 5:08am Mar 8, 2023 5:08am
Quoting turnip15
{quote} OOPS ! My E/J demo ( Above) might be doing just that
How about if you open a long trade here? Cheers
Know what you trade
  • #5,891
  • Mar 8, 2023 5:08am Mar 8, 2023 5:08am
Quoting Shabs19
Wow 117 posts since my last view, last night !! FF coffers wil be ringing today...................... LOL IMHO waiting for the 3rd H4 candle to show intent means you can't really trade the Asian, Franky or half of the UK session. This H4 candle would close at around 12.00 am midday, 12 hrs into the day. So basically trading the US session only. Waiting for the 33% ADR or 40 pips approx, to ride out first before knowing the Intent of the Market sounds good on paper but in reality the market has often shown it's hand already, 3 equal highs, market...
Yes!
  • #5,892
  • Mar 8, 2023 5:10am Mar 8, 2023 5:10am
Quoting BWilliam
{quote} How about if you open a long trade here? Cheers
Thank you. I will look into it.
every Saint has a past. Every Sinner has a Future
  • #5,893
  • Mar 8, 2023 5:19am Mar 8, 2023 5:19am
Quoting TimeTells
{quote} Hi FWR, Mate if I put the whole picture out here it might show the best balance I can't be sure, as it's sometimes the 1min and sometimes not if you know what I mean. Because I trade essentially the one pair I have the luxury of running 6 TF templates at the bottom of my screen to call up as I wish. I like to "change" TF view as, NOT just for my eyeballs hahaa staring at one constant view but as it allows me to refocus MY perspective on the bigger price picture. So 1DY, 4HR, 1HR, 15m , 5m & 1min. The 1dy & 4hr template are same. The 15m...
All clear TT and pretty much the way I see things. Discretionary observation for that time of day is key. Just don't like the 1 min candles too much. Sometimes gap hour is slow or wonderful.

Cheers...
  • #5,894
  • Mar 8, 2023 6:24am Mar 8, 2023 6:24am
Quoting turnip15
Meanwhile numb nut is watching this 5 minute Demo trade to see if the 1 minute hits the 15 minute level and/or go lower towards ADR ( Not shown) below Previous Low (blue line) {image}
Oh ye of little faith. It went down as per analysis. yes I know every trade isn't going to work out but it's nice when some do.

Tea and biscuits.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY_2023-03-08_12-21-57_592cd.png Size: 130 KB
every Saint has a past. Every Sinner has a Future
  • #5,895
  • Mar 8, 2023 6:26am Mar 8, 2023 6:26am
Quoting BWilliam
{quote} How about if you open a long trade here? Cheers
The short worked out fine. Were you thinking it might bounce off the previous low? What was your reason for thinking a long trade was in order?
every Saint has a past. Every Sinner has a Future
  • #5,896
  • Mar 8, 2023 6:39am Mar 8, 2023 6:39am
Quoting turnip15
{quote} Oh ye of little faith. It went down as per analysis. yes I know every trade isn't going to work out but it's nice when some do. Tea and biscuits. {image}
Nice one T. The yen pairs were all in the same setups roughly. Short. Edit: but they will do what they do so from here is not known and not saying it is short from here just what happened as you know T but for anyone misreading this.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.aM15.png Size: 50 KB
  • #5,897
  • Edited 7:01am Mar 8, 2023 6:40am | Edited 7:01am
Quoting turnip15
{quote} The short worked out fine. Were you thinking it might bounce off the previous low? What was your reason for thinking a long trade was in order?
The dol is the demarcation line. The market will show it's intent if it trades above or below dol us session. Or should I rephrase my statement, at what point when we know if market will trade above or below dol?

Your earlier short trade an hour after London open towards dol make sense.

One more thing to keep in mind,

IF you trade with a minimum 50pips target, where is this EY trading opportunity for today? Cheers

edit - notice I ignored your last question. Watch the chart, you learn more experiencing it real time.
Know what you trade
  • #5,898
  • Edited 7:50am Mar 8, 2023 6:59am | Edited 7:50am
These are playing between these zones!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 10 KB
Found this path yesterday, will it work (simple math LOL)
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDH1.png Size: 12 KB
  • #5,899
  • Mar 8, 2023 7:53am Mar 8, 2023 7:53am
Quoting turnip15
{quote} The short worked out fine. Were you thinking it might bounce off the previous low? What was your reason for thinking a long trade was in order?
London Open will always go the "wrong direction" to load up shorts or longs. TT's washing machine LOL.

Market Structure 2 levels above LO tested as did the one below LO. ( Your Box range).

Price ranging in between levels 18 pips scalp up & down, I can count 6 x 18 = 108 pips

Until Break out & retest shows direction to the next MS level DO & PDL.
It never gets easier, you just get better
  • #5,900
  • Edited 8:31am Mar 8, 2023 8:05am | Edited 8:31am
Quoting Shabs19
{quote} No it's one I found on the old internet search, here it is if you want to try it. Its an Ex4 file, So You have to set the fib levels manually, I have set them at : 0.25, 0.33, 0.83, 1.27, 1.62 Count Days set to 1 (current day only). Days to average 20 ( works out ADR 20 automatically & prints at 100% level) then true, true, true. You can adjust line colours & line type & font type & size but not line thicknesses. {file}
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPYH1a.png Size: 26 KB
Click to Enlarge Name: GBPJPYH1b.png Size: 27 KB
Click to Enlarge Name: GBPJPYH1c.png Size: 26 KB
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