Flying Dutchman

Quoting turnip15

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Where is price likely to go -using 5 minute execution ?
Cos I don't have a clue {image} {image} {image}

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Quoting TimeTells

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{quote} Hi turnip, mate I'm done for the day (on GJ) so had a quick look at EJ for the exercise. Where ? Good question. Though that is the nature of inflection whether we feel it may be contrived or not. It may well also be just aggregation of all retail buyers & sellers waiting for the balance to tip in one direction (or a fake'n'flip to both ). Looks to be 20 pips avail in either direction, but leave me out, I have already closed down my trading platform for the night & just looking at my template platform. For what its...

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Quoting whitesta

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Hi All, A beautiful set up on Gold. I tend to look for trades within the first 2 or 3 hours of London. The 200MA is a great help to see if there is movement or just consolidation. I mean if it is flat then try not to place trades. It is not straight forward but helps. See the reaction of price around it. But as usual the 2 main factors for me are the RNs and Time. 25, 50, 100 are magnets with the Pivots and session open lines. Take a look at the charts and see how price tends to use these. From what i have seen in the past few years is that it seems...

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Quoting whitesta

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Hi All, A beautiful set up on Gold. I tend to look for trades within the first 2 or 3 hours of London. The 200MA is a great help to see if there is movement or just consolidation. I mean if it is flat then try not to place trades. It is not straight forward but helps. See the reaction of price around it. But as usual the 2 main factors for me are the RNs and Time. 25, 50, 100 are magnets with the Pivots and session open lines. Take a look at the charts and see how price tends to use these. From what i have seen in the past few years is that it seems...

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Quoting turnip15

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{quote} Is this where you went in UK time ? Cheers. {image}

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Quoting turnip15

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{quote} Is this where you went in UK time ? Cheers. {image}

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Quoting bluesteele

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"Psychology of the Market".....I never really entertained the idea until GeorgeAUS enlightened me....and ever since then You can not "NOT" see it. It is everywhere on ALL charts every TF etc... The question is How to trade it? and that is where Stacey Burke is the Master bar none IMO Heres a chart of Oil this morning and it presented a Textbook setup for me. Just a thought that popped up,,, IMO you need 3 things to pull the trigger 3C's Context Confluence and Confirmation,,,,that is how my trading plan works. The chart shows most of that,,,without...

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Quoting whitesta

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{quote} Yes the market just wants more players to be on the wrong side before it shows its hand. I agree with George regarding the herd zone. Not saying its the only way or they cannot be traded but these zones just are made by big players or Algos just to see what the small or retail traders are trying to do and locate stops. We all see it late and by the time we actually realize it, the price has taken stops and gone in the other direction. These zones can be made up of 3 visits, 4 visits, 5 visits or more. When the Algo is fully loaded and has...

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Quoting turnip15

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And...........do the "Big Boys' really use Algo's etc to trick the "Retail" trader? Has the "Retail" trader enough financial clout to attract the attention of Algo thingies? Are the "Retail" traders big enough, or financially attractive enough for the "Big Boys" to bother with. Maybe it's "Big Boys" fighting or hoodwinking each other for financial gain rather than Retail versus Big Money? Maybe "retail" traders sit under the "Big Boys" tables hoping for a few crumbs to fall to the floor? Have a good week end folks

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Quoting bluesteele

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{quote} Well said Whitesta ,,,and IMO most traders should trade less or sit on their hands more... Timing RN's etc as you say....A guy can do very well just trading them,,,BUT they need to do as you do,,,, Sit on their hands and wait... Heres some Yen examples from yesterdays Asian sesh... EJ UJ GJ,,,, They all exhibit the same behaviour around timing and BRNs....Wheres the safest entry its always on the pullback... especially when that pullback is into an open into a MA(take your pic but stick to them) into a L/H etc etc... Cheers Blue Notice...

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Quoting bluesteele

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TIMINGS LEVELS PROBABILITIES These are time specific levels...Opens and H's L's of Opening ranges with a 50% level as ive talked about in the past.

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Quoting turnip15

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And...........do the "Big Boys' really use Algo's etc to trick the "Retail" trader? Has the "Retail" trader enough financial clout to attract the attention of Algo thingies? Are the "Retail" traders big enough, or financially attractive enough for the "Big Boys" to bother with. Maybe it's "Big Boys" fighting or hoodwinking each other for financial gain rather than Retail versus Big Money? Maybe "retail" traders sit under the "Big Boys" tables hoping for a few crumbs to fall to the floor? Have a good week end folks

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