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Flying Dutchman

  • #6,481
  • Mar 13, 2023 12:04pm Mar 13, 2023 12:04pm
Quoting turnip15
{quote} Hello TT. Cable at around 8am UK time. You often mention prices dipping down, in to liquidity etc. Well this might be an example. I have levels and a gap. Price dipped into the gap and eventually returned towards the UK open. Zeppelin included {image}
Us Open line TT. ( 2:30pmUK time )
Levels etc
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_2023-03-13_17-01-53_a24e9.png Size: 152 KB
every Saint has a past. Every Sinner has a Future
  • #6,482
  • Mar 13, 2023 12:48pm Mar 13, 2023 12:48pm
Quoting OAPDave
{quote} You might have a collection of PDf's but did or do you really understand them all I have a collection of them, and indicators but after down loading some, quickly decide they are not for me and to be fair I suppose not giving them a chance Yes I have seen your profile were you were asking for and indeed wanting some mods to various indicators So understand you have been round the block and you have moved on, from indicators and good on you Myself love indicators take the strain from my eyes and head I have said before I have NO interest...
I have no role on this thread, just a poster like you, it is not even my thread. I follow only certain threads, mostly to relieve boredom and have some
friendly banter with like-minded traders, more social discussions, what people are trading, posting charts of set-ups, trades etc.

I have been through almost all kinds of inicators under the sun, modify some to my taste with my limited coding skills, and with the help of some talented coders on FF I have my own method, that I have designed & use. It sh aprobably taken years to get here. My history on FF will show that.
I think life is to be enjoyed, have fun when you can, laugh, have a jpke or two. Check out the Comedy Club, although it gets too political at times nowadays.

I am not here to "convert" anyone, it is a discussion forum where traders form all different backgrounds, countires, education , financial status, academics or not, can come and Discuss their own outlook on trading, whether it be Forex, Indices or anything else, even horses.

We all have different perspectives, what you know and I know does not come into it. Just some commentary by you would be helpful to me & to others, who might stumble onto this thread and see your screenshots and miss the entire reason for the post.

This is not a competetion for who has the best trading system / method. Everyone is welcome to post here with their own personal views.
The feedback you get as well, as well as your replies might help you & also others, to see your point of view trading the markets.

It is just to have a bit of Banter, whether we all agree or not, doesn't make a blind bit of difference to me and it shouldn't to you either.

You are right - Life is too short, so relax, No one is making fun or criticising you, when they are asking for some explanation. I get it all the time when I post.

I will always try to answer, if I don't know, I will say so. You don't lose any credibilty for that.

I am more an avid reader than a watcher, so videos tend to bore the pants off me. First thing I do is look at how long the video is before it even starts.

Excuse typos, I need to buy a new keyboard soon.

Trade Safe.
It never gets easier, you just get better
  • #6,483
  • Mar 13, 2023 12:52pm Mar 13, 2023 12:52pm
Kicking myself for missing this pristine entry this morning, just adding to the conversation last Friday regarding the Power of the Kijun part of Ichimoku....
Attached Image (click to enlarge)
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  • #6,484
  • Edited 1:24pm Mar 13, 2023 1:12pm | Edited 1:24pm
Quoting turnip15
{quote} Us Open line TT. ( 2:30pmUK time ) Levels etc {image}
Turnip15, What US Open market are you referring to?

Forex?
Stocks?

Looking at your chat, time and price, it does not match up unless I am reading it wrong, which is entirely possible.

Forex US Session: 7 am CST to 4 PM CST
US Stock Market: 8:30 am CST to 3:00 pm CST

On your chart, it looks like you are marking the US open price at 1.2120?

1.2076 and 1.2095 are the corresponding US FX and US Market Open times.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-TIMECOMP.png Size: 49 KB
Swing the AXE..HARD w/ Effort, Consistency and Patience
  • #6,485
  • Mar 13, 2023 1:30pm Mar 13, 2023 1:30pm
Quoting HTG
{quote} Turnip15, What US Open market are you referring to? Forex? Stocks? Looking at your chat, time and price, it does not match up unless I am reading it wrong, which is entirely possible. Forex US Session: 7 am CST to 4 PM CST US Stock Market: 8:30 am CST to 3:00 pm CST On your chart, it looks like you are marking the US open price at 1.2120? 1.2076 and 1.2095 are the corresponding US FX and US Market Open times. {image}
UK time 8am morning. Afternoon 2:30pm UK time - not thinking in "session times" ie stocks or forex. Simply 8am UK time and 2;30pm UK time
1:30pm UK time is a useful time(for me) to look at SP500 prior to 2:30pm UK time - news etc
every Saint has a past. Every Sinner has a Future
  • #6,486
  • Mar 13, 2023 1:34pm Mar 13, 2023 1:34pm
Quoting Swede
Kicking myself for missing this pristine entry this morning, just adding to the conversation last Friday regarding the Power of the Kijun part of Ichimoku.... {image}
I've seen this used to good effect on higher time frames. Have you a historical record of 5minute trades to give an indication of the efficacy of using Ichi with the 5 minute time frame?
every Saint has a past. Every Sinner has a Future
  • #6,487
  • Mar 13, 2023 2:00pm Mar 13, 2023 2:00pm
Quoting turnip15
{quote} I've seen this used to good effect on higher time frames. Have you a historical record of 5minute trades to give an indication of the efficacy of using Ichi with the 5 minute time frame?
no I do not have a historical record, just my own experience having it on my 5 min chart, but I wouldn’t give it much credence unless other factors in play.....for example, you will note on my previous post the three colors showing London, Blue, London / NY crossover, Green and balance of NY ,yellow. This Kijun cross occurred during the first 40 min of the crossover, the strongest of trading times where a thrust of buyers entered the market and price closed well above the Kijun...when I get back to my office will post my entry chart.....

edit....here is the chart from this morning, and also note the short from the big round number failed at break even, because I was not going to hold for long due to the strong looking kijun, still indicating long......
Attached Image (click to enlarge)
Click to Enlarge Name: Kijun.png Size: 12 KB
  • #6,488
  • Mar 13, 2023 2:47pm Mar 13, 2023 2:47pm
Quoting Swede
{quote} no I do not have a historical record, just my own experience having it on my 5 min chart, but I wouldn’t give it much credence unless other factors in play.....for example, you will note on my previous post the three colors showing London, Blue, London / NY crossover, Green and balance of NY ,yellow. This Kijun cross occurred during the first 40 min of the crossover, the strongest of trading times where a thrust of buyers entered the market and price closed well above the Kijun...when I get back to my office will post my entry chart........
That "crossover" area can provide entries. Not always, but good spot to hunt.
Mark ... Everything you have been told is a LIE
  • #6,489
  • Mar 13, 2023 2:48pm Mar 13, 2023 2:48pm
Quoting Swede
{quote} no I do not have a historical record, just my own experience having it on my 5 min chart, but I wouldn’t give it much credence unless other factors in play.....for example, you will note on my previous post the three colors showing London, Blue, London / NY crossover, Green and balance of NY ,yellow. This Kijun cross occurred during the first 40 min of the crossover, the strongest of trading times where a thrust of buyers entered the market and price closed well above the Kijun...when I get back to my office will post my entry chart........
Default Kijun or do you have your own preferred parameters?
Mark ... Everything you have been told is a LIE
  • #6,490
  • Mar 13, 2023 3:12pm Mar 13, 2023 3:12pm
For those following some of the recent and past events: Many will know this guy:

He is one of the two authors of the DODD-Frank Act. The Wall Street reform that's used to deal with cases like this. Go Figure!

https://www.cnbc.com/2023/03/13/sign...s-history.html

Attached Image (click to enlarge)
Click to Enlarge Name: FRANK.png Size: 180 KB
Swing the AXE..HARD w/ Effort, Consistency and Patience
  • #6,491
  • Mar 13, 2023 3:18pm Mar 13, 2023 3:18pm
Quoting spzd
{quote} Default Kijun or do you have your own preferred parameters?
just default 29 setting on 5 min

Btw.....I only trade NY session, sometimes close a trade during Asia but very seldom......I’m always on the lookout for NY testing London levels, high, low, open, being very counter trend for short term positions at times.....so, my perspective may very well NOT be of value to fit your perspective...just saying..why you ask? because I’m no longer 29 and hungry
  • #6,492
  • Mar 13, 2023 3:55pm Mar 13, 2023 3:55pm
Quoting FocusWinReal
Weirdness going on. Have this new follower with hundreds of subscriptions and hundreds of ignored. Joined in March. Welcome to the forums. Will be ignoring.

Okay, lol, I see what you mean.
Just another multi username trader no doubt, re-birthing themelf,
else how to "know" 200+ folks to Ignore immediately
  • #6,493
  • Mar 13, 2023 4:00pm Mar 13, 2023 4:00pm
Quoting HTG
For those following some of the recent and past events: Many will know this guy: He is one of the two authors of the DODD-Frank Act. The Wall Street reform that's used to deal with cases like this. Go Figure! https://www.cnbc.com/2023/03/13/sign...s-history.html {image}
It's a joke. Always has been. They need to go all the way back and take the bank part away from investment firms. They should be either a bank or a trading house.

This issue is not rolling back a crappy Frank-Dodd. It is all about separating trading from banking. And people like Dodd allowed this in the first place.
Mark ... Everything you have been told is a LIE
  • #6,494
  • Mar 13, 2023 4:03pm Mar 13, 2023 4:03pm
Quoting turnip15
{quote} TT - your remarks about collecting 5+ pips per trade, reminds me of this thread where there are several happy collectors of 5 plus pips per trade. Logically ( I am no mathematician ) one should collect 5 pips more easily than 50 per trade - yes frequency and stops come into it, but just thought I would add a comment. https://www.forexfactory.com/thread/...imple-as-1-2-3

Hi t,

Big topic, I wrote an A4 on it somewhere lol (somewhere? hahaaa).

Depends on how we trade in the end, and what our requirement is from the market, based on our a/c and lot sizes which vary trader to trader.

+5 pips has to logically be available quicker than +50 pips. Why.
Because if you are shooting for 50 pips .... then you have to PASS the 5 pips first on the way out to 50.


In a slower Asia I like to test the market response early and pocket my TP in my a/c as quickly as possible as they make their new hi & lo for the day.
ie they can reverse on their direction after reaching a target (not always tho)

In pre-franky & London the moves are larger and more dynamic, every trader sees this each day, nothing new, and more pips are available on the table.
Each to their own I reckon.
There is no ONE way to trade the market, or one way that is BEST.
What suits trader style & lifestyle is best imho
  • #6,495
  • Edited 4:25pm Mar 13, 2023 4:04pm | Edited 4:25pm
Quoting Swede
{quote} just default 29 setting on 5 min Btw.....I only trade NY session, sometimes close a trade during Asia but very seldom......I’m always on the lookout for NY testing London levels, high, low, open, being very counter trend for short term positions at times.....so, my perspective may very well NOT be of value to fit your perspective...just saying..why you ask? because I’m no longer 29 and hungry
Your perspective is of value. Just because some of us try to 100% understand a good method, not all trades are based on that. I tend to be short term.

I ask because I never know what may fit into "my" method of amalgamation of many different sources.
Mark ... Everything you have been told is a LIE
  • #6,496
  • Mar 13, 2023 4:06pm Mar 13, 2023 4:06pm
Quoting TimeTells
{quote} Hi t, Big topic, I wrote an A4 on it somewhere lol (somewhere? hahaaa). Depends on how we trade in the end, and what our requirement is from the market, based on our a/c and lot sizes which vary trader to trader. +5 pips has to logically be available quicker than +50 pips. Why. Because if you are shooting for 50 pips .... then you have to PASS the 5 pips first on the way out to 50. In a slower Asia I like to test the market response early and pocket my TP in my a/c as quickly as possible as they make their new hi & lo for...
Yet how many continue to get faked out. Just like all the people who tried to catch the falling knife Tuesday. All this info and the same killer mistakes are still made.

Go figure.
Mark ... Everything you have been told is a LIE
  • #6,497
  • Mar 13, 2023 4:10pm Mar 13, 2023 4:10pm
Quoting Shabs19
{quote} The thread loses it's continuity, if you keep deleting posts and your message if replied to, then has no context. As long as you are not materially changing the meaning of your post to imply a different meaning from the original, that's Fine. Updating a post as New information comes in, like charts later in the day or even next day, I think you can edit uo to 24 hrs. is OK. I think it is best to refer to someone by their Unique Username then there is No Confusion.

Just catching up here on the thread lol, so a few consecutive posts coming as I read back, because I closed my shop early yesterday after TP was reached.


SPOT ON Shabs.

No-one has ever had ANY issue with a poster either editing or deleting a post. Quite normal in fact.

What is NOT normal is a serial edit'er
Or a serial delete'er.


Very few will do that, but the one(s) that do it, always seem to do it.

To me THAT person imho would have all the signs of a
Highly Disorganised Mind


So how can that person trade, honestly, is what I think to myself.

It would be like ….

“Broker, please I want to edit my trade, I meant to click a BUY not a SELL”
“Plus, can you please DELETE my last loser”

Well sir, we did this for you three times in the last hour.
It’s over for YOU do you understand.

LOL
  • #6,498
  • Mar 13, 2023 4:13pm Mar 13, 2023 4:13pm
Quoting OAPDave
{quote} But make NO MISTAKE I trade my OWN way and Happy to STAND ALONE
We all trade our "own" way. Maybe not as exotic as you, but hey.
Mark ... Everything you have been told is a LIE
  • #6,499
  • Mar 13, 2023 4:34pm Mar 13, 2023 4:34pm
Quoting Swede
{quote}
The thing is both can be right...that is the beauty of a good forum without gurus....what I see, based on the time of day when I trade, can be the opposite to someone who only trades the London session say. Both views can be valid in opposite directions.
A smart trader is wise to look at both sides, giving due consideration to both views.

Now we are getting somewhere.

I once asked a guy if two traders, one a buyer & one a seller, could both make a profit
on the same pair in the same session.

Blank stare !
(then I asked could they both also be losers, in the same session)


Trading.
You vs You imho
  • #6,500
  • Mar 13, 2023 4:42pm Mar 13, 2023 4:42pm
Quoting TimeTells
{quote} Now we are getting somewhere. I once asked a guy if two traders, one a buyer & one a seller, could both make a profit on the same pair in the same session. Blank stare ! (then I asked could they both also be losers, in the same session) Trading. You vs You imho
I am sure it's possible depending on how each trader behaves.

One could be scalping for quick pips while market is in drawdown for the other,

who then recovers his position & into profit when the market turns & recovers the direction, whilst the first trader is done for the day.

All depends on size, duration & style of trading.

Both could also lose if they don't get the above right.
It never gets easier, you just get better
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