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Flying Dutchman

  • #8,281
  • Edited 5:57am May 22, 2023 5:35am | Edited 5:57am
Quoting turnip15
{quote} Forgot the five minute {image}
@Timetells
and up to a level. Like the video I alluded to in an earlier post -you might not catch the down move but you could jump on the return up move. Not all the time I know but a good opportunity to plan for same.
For the lurkers on the fringes of this thread: Yes -there are other things to consider like liquidity levels etc but these have all been written about throughout this great thread. read the thread if really interested.
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every Saint has a past. Every Sinner has a Future
  • #8,282
  • May 22, 2023 6:50am May 22, 2023 6:50am
Done for the night, had nothing in asia. Off to my sleep time. I am sure the market has more mischief to play, but its bedtime now.

.
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  • #8,283
  • May 22, 2023 7:37am May 22, 2023 7:37am
Quoting TimeTells
Done for the night, had nothing in asia. Off to my sleep time. I am sure the market has more mischief to play, but it's bedtime now. . {image}
Sleep tight TT
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every Saint has a past. Every Sinner has a Future
  • #8,284
  • May 22, 2023 6:41pm May 22, 2023 6:41pm
Quoting turnip15
{quote}
Sleep tight TT {image}

Hi t,
Hahaa great pic.
Thankfully I have a Sealy Posturepeadic mattress myself


Got on the market runner up to the RN500 (with the Monthly Hi still 7 pips above that, who knows if & when).
Morning is over for me, what will Franky & London bring later in the day. Back then. Getting some sunshine now while I can lol.

.
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  • #8,285
  • May 23, 2023 4:11am May 23, 2023 4:11am
Classic Setup. Time, RN, PFL, Momentum, Pivot.
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  • #8,286
  • Edited 4:36am May 23, 2023 4:22am | Edited 4:36am
Herd Zone...decent orders are sitting here. Lets wait and see.
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  • #8,287
  • May 23, 2023 5:03am May 23, 2023 5:03am
Quoting whitesta
Herd Zone...decent orders are sitting here. Lets wait and see. {image}
If you look at the recent past PA, this pair is in the mood for grabbing the upside liquidity than the downside. On many occasions, it left the downside HERD ZONE untapped b4 grabbing the upside liquidity on its way to the north.

Our GJ resident (TimeTells) might shed some light on this.

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Success = Practice + Patience + Persistence
  • #8,288
  • May 23, 2023 5:16am May 23, 2023 5:16am
Quoting fxpider
{quote} If you look at the recent past PA, this pair is in the mood for grabbing the upside liquidity than the downside. On many occasions, it left the downside HERD ZONE untapped b4 grabbing the upside liquidity on its way to the north. Our GJ resident (TimeTells) might shed some light on this. {image}
Yes it could just target North. Just wait & watch for me. The zones, targets are there but personally i just watch them cos i find it hard to trade longer time frames. Not confident at all with the longer time frames yet...lol.
  • #8,289
  • Edited 7:02pm May 23, 2023 6:20pm | Edited 7:02pm
Quoting fxpider
{quote}
If you look at the recent past PA, this pair is in the mood for grabbing the upside liquidity than the downside. On many occasions, it left the downside HERD ZONE untapped b4 grabbing the upside liquidity on its way to the north. Our GJ resident (TimeTells) might shed some light on this. {image}

Hi fxp,

Yes I am definately a "watcher" of GJ hahaaa,
and I notice it does some of the wackiest things at times while being tied (ultimately) to the machinations of its own majors GBPUSD & USDJPY,
when at the same time having a seemingly independent life of its own

I will trade it discretionary "in the moment" is my best explanation, for short periods of time only,
based mostly now I guess on the delta-movement of the current one hour candle,
and using the one minute chart to finesse entry, with exit often way earlier than many folk who use larger timeframes to fulfill their own market expectations.

So what I am seeing the past week is based around the prior major high back on 10 May earlier this month.
Since then GJ has inched to a new daily high for the past five consecutive trading days being held in a range below by a Herd Line that IS that prior 10 May High.
Whew.
To me it has meant trading buys AND sells depending on where the days Asia high was in relation to those prior Daily Highs bound by that Herd Line underneath.

Where to now. Up to the market imo.
But if they clear (not just fake tip-break & return) the Herd Line below then a new structure is being formed.
They could go higher if you pull up a Daily Weekly double edit lol: MONTHLY Candle Chart (and the new BoJ Gov is agreeable hahaaa).

So I will just watch the daily PA and look for a safer (? lol) period of time to enter for my smallish wants.

Trade well guys, trade safe. (This started out a one or two sentence reply hahaa, turned into an essay again, sorry, I will get back to reading not posting hahaa)

.
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  • #8,290
  • May 23, 2023 6:57pm May 23, 2023 6:57pm
Quoting TimeTells
{quote} Hi fxp, Yes I am definately a "watcher" of GJ hahaaa, and I notice it does some of the wackiest things at times while being tied (ultimately) to the machinations of its own majors GBPUSD & USDJPY, ...... {image}
Thank you for the detailed insight.
Success = Practice + Patience + Persistence
  • #8,291
  • May 23, 2023 7:07pm May 23, 2023 7:07pm
Quoting fxpider
{quote}
Thank you for the detailed insight.

Cheers fxp,
I had to do a double edit lol (not posting so much I lose track hahaaa), BUT the MONTHLY candle chart for GJ shows why they could (only if they wish) go higher again.

I always reckon (in my mind lol) its a matter of who the market has trapped at any one point in time and right now it might be sellers who are on the hook,
who knows.

If they break the sellers then price could plummet (usually just ONE candle only takes out a Herd Lineup) while if the sellers dig in & hold then they might keep inching higher bit by by bit to torment them and build their own positions.

I trade in the moment so none of the bigger picture is too much of a concern but hedge funds & institutions if trading this will be keenly interested in the big picture.

all the best pal.
  • #8,292
  • May 24, 2023 1:42pm May 24, 2023 1:42pm
Quoting TimeTells
{quote} Cheers fxp, I had to do a double edit lol (not posting so much I lose track hahaaa), BUT the MONTHLY candle chart for GJ shows why they could (only if they wish) go higher again. I always reckon (in my mind lol) its a matter of who the market has trapped at any one point in time and right now it might be sellers who are on the hook, who knows. If they break the sellers then price could plummet (usually just ONE candle only takes out a Herd Lineup) while if the sellers dig in & hold then they might keep inching higher bit by by bit to torment...
Had to post this having read SB stuff so many times, a bit of "George" and a video I alluded to in a previous post.
Thought this was "George" like or "Stacey Burke" like the way price, during UK session, broke a previous high and travelled to other side, meeting a series of earlier Low levels and rebounding through brn levels upwards. So if you missed the short you could position for the long.
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every Saint has a past. Every Sinner has a Future
  • #8,293
  • May 28, 2023 5:22pm May 28, 2023 5:22pm
Q. When it comes to Forex, who has MORE days off on Bank Holidays.
Bankers ... or Bankers ?


A. Yes, you're correct, Bankers.


At least the BoJ will be (officially) at work today
Trade safe, trade well folks
  • #8,294
  • May 28, 2023 7:01pm May 28, 2023 7:01pm
Quoting TimeTells
Q. When it comes to Forex, who has MORE days off on Bank Holidays. Bankers ... or Bankers ? A. Yes, you're correct, Bankers. At least the BoJ will be (officially) at work today Trade safe, trade well folks
I just wonder, When a bank is closed, do you think the trading desk of the bank is also closed? when the rest ( or some part) of the world is open!!

Logically it does not sound right to me.
Success = Practice + Patience + Persistence
  • #8,295
  • May 28, 2023 7:17pm May 28, 2023 7:17pm
Quoting fxpider
{quote} I just wonder, When a bank is closed, do you think the trading desk of the bank is also closed? when the rest ( or some part) of the world is open!! Logically it does not sound right to me.
trading desk of a bank is not closed, but on thin reduced staff. their trading limit size will also be reduced.
it will pass down orders to other financial centers if it closes after working hours.
ITB - Seeing Orderliness amongst 'Randomness'
  • #8,296
  • May 28, 2023 7:33pm May 28, 2023 7:33pm
Quoting fxpider
{quote}
I just wonder, When a bank is closed, do you think the trading desk of the bank is also closed? when the rest ( or some part) of the world is open!! Logically it does not sound right to me.

Never sleeps fxp. You do understand I was j/k of course

Back when I was servicing the Westpac Bank computers (from a 3rd party company back in the mid 80's before businesses had their own in-house IT teams) at the banks underground facility (true) in North Ryde, their forex trading room was running 24 hours a day with 3 rotating shifts of 3 staff. Of course our company never worked worked on a Public Holiday lol so I can't say what "they" did on those days hahaaa.

Times have changed in Oz, automation took over and many currency trading rooms & operations for local standard banks stopped operating.
https://www.smoney.com.au/blog/austr...ange-services/


CBs don't close. (Though you could be mistaken with the BoJ under its new Governorship ).

Trade well pal.
  • #8,297
  • May 28, 2023 7:46pm May 28, 2023 7:46pm
If a trader thinks they had a bad week well the local National Australia Bank (NAB) traders were in a league of their own a few years back.

https://www.risk.net/regulation/1518...s-a360-million


Who is foxing who in Forex is always a fascinating question
  • #8,298
  • May 28, 2023 7:58pm May 28, 2023 7:58pm
Quoting TimeTells
If a trader thinks they had a bad week well the local National Australia Bank (NAB) traders were in a league of their own a few years back. https://www.risk.net/regulation/1518...s-a360-million Who is foxing who in Forex is always a fascinating question
wow, talk about a bad week!
without patience how can you be a trader?
  • #8,299
  • May 28, 2023 8:58pm May 28, 2023 8:58pm
Quoting Steverino832
{quote} wow, talk about a bad week!

Hahaaa, yeah
  • #8,300
  • May 30, 2023 5:27pm May 30, 2023 5:27pm
Just a quick check in. While I'm happily doing my quiet posting period just now lol.


Charts look like business as usual to me this end. Mr U, are you waking from your slumber at months end for your Yen?, we shall see .

Trade well, trade safe folks.


.
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