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Flying Dutchman

  • #6,621
  • Mar 14, 2023 8:57pm Mar 14, 2023 8:57pm
Quoting fxpider
{quote}
Does it mean, stronger YEN ??

I honestly don't know Fxp.
This is how I look at it.


Up in the Morning and then Down in the evening. Or ViceVersa hahaaa

Be on our toes & sharp of eye and timing, imho

Trade safe.
  • #6,622
  • Mar 14, 2023 9:15pm Mar 14, 2023 9:15pm
Quoting TimeTells
{quote} I honestly don't know Fxp. This is how I look at it. Up in the Morning and then Down in the evening. Or ViceVersa hahaaa Be on our toes & sharp of eye and timing, imho Trade safe.
I think I've been watching price enough because this PA is telling me to go to bed and see what is there in the am. Very undecided PA.


jmo
When it comes to currencies, interest rates are king. Anything that has a potential stronger influence on interest is some grand duke. Everything else is fluff.

Take care
Mark ... Everything you have been told is a LIE
  • #6,623
  • Mar 14, 2023 9:21pm Mar 14, 2023 9:21pm
Quoting TimeTells
"Japan finance minister Suzuki says will discuss joint agreement with incoming BOJ Governor" Yes, Mark, job of govt was once to see roads, hospitals & schools were built. Silicon Valley fall, and/or bailout, is the real start of the end now maybe. This was the "green movements" Bank of lending banks as I read it. U.S. Govt either guarantees all deposits and therefore de-facto nationalises banks, ..... or maybe which one is the next domino. We trade on. They all "at the top" now seems like this young lady, to me, and 'her' past-time, spesh in Yens-Ville....
I am so relieved to know that I am not the only one who thinks this is a big part of it.

And the de-facto nationalisation statement has already happend I do believe. Plus more than half the states in the US have passed/are considering legislation that would make crypto other than that issued by a CB not legal tender. Ouch.

Things should get exciting soon.
Mark ... Everything you have been told is a LIE
  • #6,624
  • Mar 14, 2023 9:24pm Mar 14, 2023 9:24pm
Quoting spzd
{quote} Things should get exciting soon.
Fed are fk'd. Trapped, I mean. They want rates up but NOW can't. Can't imo. Next we will hear about the 'hidden' derivatives, trillions upon trillions.

Gonna be a wild movie lol (that we are all bit players in somewhere along the line)
  • #6,625
  • Mar 14, 2023 10:03pm Mar 14, 2023 10:03pm
Quoting Shabs19
https://www.youtube.com/watch?v=OU72wcPyUfM

Okay, Shab's vid has brought me more up to date with the backstory, cheers Shabs. (we get some in Aus but not all, ya gotta dig for it)
So they're kicking the can further down the road again. All they can do now, I guess.
  • #6,626
  • Mar 14, 2023 10:23pm Mar 14, 2023 10:23pm
Back to trading.

Sometimes I jump in too early. It looked right to me, at the time. Sometimes the market runs these early entries & I accept them doing that. Just the way it goes.
Manageble DD, 2nd entry was at the RN-Q (I couldn't wait the 1st time lol, should've).
I closed the 2nd trade on the "rushed" 1 min engulf green candle afterwards, pocketed 'some' TP which then "covered" the still running trade.

Eventually price went to the mid-rung target that I was looking for.
Then they took price back lol towards the .250 'entry' area again, I assume, to take their own TP/BE on my (now a sell, for them) trade. IMHO lol.
Who knows, not me, but they do this stuff over & over when I'm in their trading lol hahaaa. My imagination probably.

So I've got mine now for the morning. No fomo. Do what they want now.
Back again for Franky-London.
And I always hope to see they ran price hard while I'm away (hi or low) to a 'new' structure area. Where we can look for new setups at that new zone then.

.
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  • #6,627
  • Mar 14, 2023 10:54pm Mar 14, 2023 10:54pm
[quote=TimeTells;14360838]Back to trading. Sometimes I jump in too early.

Hi Timetells,
Your trades did well even after early entry. Its all about getting PIPS..lol. I normally look for trades about an hour or 2 after Tokyo open. I mean it shows what the market is doing. Price was struggling to go above 163.5 in the second hour after Tokyo Open. I may have gone for a short trade after some pins and engulfers at 163.5 had i been at my computer..(thank god i wasn't cos it just formed into a herd zone after sometime). Just before the 2 hour mark after Tokyo Open the 163.5 price was broken and PFH was formed. Targets were known in advance for the drop. The last target was 162.25. As i said before that i would have placed a trade at the first pin near the herd zone. Would have been a losing trade as the price went up after half an hour to form a PFH, where the best setup showed itself. We can't be right all the time as even good setups at times turn sour. We learn everyday.

Trade Well All.
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  • #6,628
  • Mar 14, 2023 11:22pm Mar 14, 2023 11:22pm
Quoting fxpider
{quote} Just wondering, how to define an anti-lines trader. One who trades against a LINE? Or Who does not like to use a LINE?
the one who see lines and go "EWWW" lol

good morning all
"the public is not yet ready for it" W.D. GANN
  • #6,629
  • Mar 14, 2023 11:27pm Mar 14, 2023 11:27pm
last friday GU stopped at weekly top range.
this week so far the monthly top range says "YOU SHALL NOT PASS" :/
day BB is squeezing and range is low, I guess the pullback is coming

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cheers,
"the public is not yet ready for it" W.D. GANN
  • #6,630
  • Mar 15, 2023 12:35am Mar 15, 2023 12:35am
When we look at a chart, what are we looking for?

Well, that's up to each chart trader. I like to look for what I can see that, OTHER traders might be looking "for".

No Guarantees though, it's trading.


Intraday Chart GJ

.
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  • #6,631
  • Mar 15, 2023 1:02am Mar 15, 2023 1:02am
Well I started to write a post on hindsight and charts......... sidetracked

So that will wait,,,,, In the meantime I highly highly recommend watching this kid,,,,,
Hes got it... Hes got Market Mechanics down pat..
Market Mechanics the inner workings of Market Structure

You know I started paper trading when i was 13 or 14 yrs old...making charts on graph paper from the
daily newspaper...Got the bug from my dads friend who made some incredible money at that time and
I asked how... Been on it since then... Trips to the library...Schabacker book on TA,,,Larry Williams..then the Wall street Journal
as couldnt afford it...so I went to the library and copied the info from it on the stocks I "followed" took the info home
and plotted my charts...on graph paper..before computers and charting software

That wasnt easy but I loved it,,,,,,

Nowadays man o man,,,,,arent we spolied? the kids nowadays have all the information in the world they could possibly digest,,
I wonder sometimes what If I had access to that info ? But then again the Sears catalogue Ya know maybe the info hwy..wouldnt
have been good for me LOL....

But seriously....Attaching a video and Ya I know we have all seen umpteen thousands of them ...
But I like this kid..ex military Drill Sgt...Ya still a kid.... anyways I guess I like him as he trades as I do,,,with market structure/mechanics PA TIming etc etc...

And this post could morph into my Hindsight trading post but I will hold off.. Suffice it to say your never too good to not go back to the BASICS.

Mark my words this is a Performance Business Full stop.. You dont perform and your toast.. No Boss No paycheck...And back in my day going negative with a broker and owing the broker money...MY how things have changed...(yes and I have owed my broker long long ago) Back when you had to call the broker and place your order,,,,Real trading

OK so enough blabbbbbing... I just encourage you to take 30 mins...watch the vid..maybe it helps you? maybe you know everything already and never
need to practice or get back to the Foundation of trading the basics... No glamour no Glitz in the basics...or is there...

Thats all give the kid 30 mins..hes got some great material and I know its not for everyones trading style....but basics are basics...

Cheers
Blue

EDIT: I must say around 23 mins or so he shows a nice breakdown of a short GJ trade from earlier today ?? or yesterday cant recall LOL....

Inserted Video
Master your Mind,,,Master the Market
  • #6,632
  • Mar 15, 2023 1:21am Mar 15, 2023 1:21am
Quoting bluesteele
Well I started to write a post on hindsight and charts......... sidetracked So that will wait,,,,, In the meantime I highly highly recommend watching this kid,,,,, Hes got it... Hes got Market Mechanics down pat.. Market Mechanics the inner workings of Market Structure You know I started paper trading when i was 13 or 14 yrs old...making charts on graph paper from the daily newspaper...Got the bug from my dads friend who made some incredible money at that time and I asked how... Been on it since then... Trips to the library...Schabacker book...
Hi there Blue,

Did you see Tom's results yesterday?
  • #6,633
  • Mar 15, 2023 1:47am Mar 15, 2023 1:47am
Quoting FocusWinReal
{quote} Hi there Blue, Did you see Tom's results yesterday?
Yep... - £70k or so I believe
Master your Mind,,,Master the Market
  • #6,634
  • Mar 15, 2023 2:08am Mar 15, 2023 2:08am
Quoting bluesteele
{quote} Yep... - £70k or so I believe
Yes. I thought NY might have turned out better, but not. I listen to him while I do my thing. His loss taking ability and recovery is great to learn from.

Cheers...
  • #6,635
  • Mar 15, 2023 4:00am Mar 15, 2023 4:00am
Three trades placed. Two winners and one loser. Well i got in a bit too early and the first trade was a loss. After 25 minutes of London Open, PFH was formed with RN, TIME, PDH as confluences. As usual RN and Time were the major inputs. Targets were known in advance. Other targets still in play but i am happy with what i got. As i write the other targets are being taken out. Its hard to know which targets will be taken out though. Better safe than Sorry.

Trade Well All
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  • #6,636
  • Mar 15, 2023 4:11am Mar 15, 2023 4:11am
Quoting bluesteele
Well I started to write a post on hindsight and charts......... sidetracked So that will wait,,,,, In the meantime I highly highly recommend watching this kid,,,,, Hes got it... Hes got Market Mechanics down pat.. Market Mechanics the inner workings of Market Structure You know I started paper trading when i was 13 or 14 yrs old...making charts on graph paper from the daily newspaper...Got the bug from my dads friend who made some incredible money at that time and I asked how... Been on it since then... Trips to the library...Schabacker book...
Hi Kevin,

great video, but TIME can automate everything he said + no need to analyze the market anymore, it will be continuous reading.

he might be using new words, but to me he is talking about Dow trend stages, a simple HHHL-LHLL.

since he mentioned that markets are Fractal, I'm going to focus on M15 for now.

this is GU M15 using time-based zigzag setting 12 = 3 hours, meaning the ZZ will give you a reading of high/low every 3 hours.

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you can see the Dow vey clear making HHHL, but to new traders they might have trust issues.

adding time-based BB of 96 , will give you Day direction and range, and boost the confidence of the readings by containing it.

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if there is any more trust issues left, trader's can use any OB/OS indicator to sync with high/low readings, for me I use a simple stochastic just to confirm readings.

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so far I'm talking about READING the market using TIME, not TRADING. all traders should read the same thing knowing direction and trend stage. all they need is to sync themselves to the reading, THEN they decide how to trade what they read.

it comes down to 1 rule: ALWAYS trade with the direction. scalping/daytrade/swing.

if the direction is up, it does not make sense to sell(unless greedy and looking for trouble), pullback waves always smaller than direction waves, rallies always happen with direction.

back to markets are Fractal, the same reading will apply to all TF's, just the matter of knowing what TIME to use, smaller TF's smaller readings and vice versa.

I always mention TIME/Dow/Direction/Range, but I guess video's get the point across easier

watching the video is a good start for new traders to help them on how to read the market.

cheers,
"the public is not yet ready for it" W.D. GANN
  • #6,637
  • Mar 15, 2023 4:16am Mar 15, 2023 4:16am
Dax scalp mode. Have put in levels Kevin often speaks about and which I find useful. And my trusty Laura "Roadmap."
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every Saint has a past. Every Sinner has a Future
  • #6,638
  • Mar 15, 2023 4:28am Mar 15, 2023 4:28am
Quoting Kwt4x
{quote} Hi Kevin, great video, but TIME can automate everything he said + no need to analyze the market anymore, it will be continuous reading. he might be using new words, but to me he is talking about Dow trend stages, a simple HHHL-LHLL. since he mentioned that markets are Fractal, I'm going to focus on M15 for now. this is GU M15 using time-based zigzag setting 12 = 3 hours, meaning the ZZ will give you a reading of high/low every 3 hours. {image} you can see the Dow vey clear making HHHL, but to new traders they might have trust issues. adding...
  • #6,639
  • Mar 15, 2023 4:43am Mar 15, 2023 4:43am
Quoting Ihlas
{quote} According to Algo (Real Purpose of these thread), EURUSD target is yesterday's low, try selling "as high as possible"!
It wasn't me! Something is happening.
  • #6,640
  • Mar 15, 2023 4:44am Mar 15, 2023 4:44am
Not sure how many times the level will be tested
But happy to keep milking it
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