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Flying Dutchman

  • #9,281
  • Sep 15, 2023 10:05am Sep 15, 2023 10:05am
Quoting Shabs19
{quote} Very Good Points DM, Hopefully OAP Dave can answer. Also if you are using your own settings, wouldn't that show different levels for each trader, unlike Daily Pivots which would be exactly the same ? Please don't go into delete mode.
As I have just replied
Yes all fair points
But as traders don't we have that very same problem with
Pivots
Daily
Weekly
Monthly
Even 4hr
M/Averages of all descriptions and lengths
all we can do
is either back test or forward test and use our eyes
not forgetting
risk /reward and hours available to actual trade (part time full time
if we could crack that
we have the Holy Grail
  • #9,282
  • Sep 15, 2023 10:07am Sep 15, 2023 10:07am
Quoting OAPDave
{quote} All fair points {image}
OK, I'm presuming u shorted from the 1/8th overshoot back to "ultimate resistance"? And if that made the daily bread then that's great..I say well done.
Did you take the short at 1/8th overshoot due to stats u have..or price action at that level?
  • #9,283
  • Edited 10:24am Sep 15, 2023 10:13am | Edited 10:24am
Quoting Danger-Mouse
{quote} OK, I'm presuming u shorted from the 1/8th overshoot back to "ultimate resistance"? And if that made the daily bread then that's great..I say well done. Did you take the short at 1/8th overshoot due to stats u have..or price action at that level?
As I have said do not trade the DAX
But would you have done
PA as to be taken into account , ADR both Weekly and Daily R/R
pps
Run your own system against , what I have shown
I have shown
Weekly down to 1 min
its your money
Not here to beat you with a stick
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  • #9,284
  • Sep 15, 2023 10:31am Sep 15, 2023 10:31am
Quoting OAPDave
{quote} As I have just replied Yes all fair points But as traders don't we have that very same problem with Pivots Daily Weekly Monthly Even 4hr M/Averages of all descriptions and lengths all we can do is either back test or forward test and use our eyes not forgetting risk /reward and hours available to actual trade (part time full time if we could crack that we have the Holy Grail
Short answer is No. Experience is the best teacher I agree.

Pivots should all say the same levels, there are variations on the type of calculations used, but generally not a great big difference in levels drawn.

I don't look at anything longer than Daily Pivots, too much information can also be unhelpful IMO.

Reversals occur not because of MML or Pivot Lines, but because of underlying Market Structure, which takes a lot of Screen time to learn,

there is No Magic Bullet or HG Indicator that will give you the keys to the Bank.
It never gets easier, you just get better
  • #9,285
  • Sep 15, 2023 10:46am Sep 15, 2023 10:46am
Well that's it guys
We all have our own methods
its our own money
so if we win Great
If we lose, its our own fault

I respect every guy and their chosen method that even attempts to trade

I truly believe there are a number of different ways to make/lose a few bob from the market or else they would be no market to trade
  • #9,286
  • Sep 15, 2023 11:18am Sep 15, 2023 11:18am
Quoting OAPDave
Well that's it guys We all have our own methods its our own money so if we win Great If we lose, its our own fault I respect every guy and their chosen method that even attempts to trade I truly believe there are a number of different ways to make/lose a few bob from the market or else they would be no market to trade
Math or NoMath, the price is always in a box. It's up to us to define the box, see the box, and trade the box, by whatever means that we are comfy with.

Green Pips to all and Peace.
Success = Practice + Patience + Persistence
  • #9,287
  • Sep 15, 2023 11:52am Sep 15, 2023 11:52am
Quoting bluesteele
Week started excellent,,,,,then Weds was in the toilet all losses with one good one that wiped out Mon Tues gains.... and piss poor executions and mgmt of trades ,,i f there was an error to be made I made it lol.. Thurs came back just over scratch for the day but that was fine.. Today back on my game with some heavier shorts in Oil and Dow. Back in positive for the week both the account and my psychological account... Fed all the backyard critters and now a really big raccoon showed up chowing down on my generous dowsing of peanuts. 3 crows screeching...
Case in point. One had to wait until 3:53pm for a Dax trade after US open - Price only then migrated down and broke the "Kevin" box for a short - finished at 4pm today when price hit the Prev High. Waiting pays off but I still sneaked in a lost via impatience earlier rather than waiting for reactions at pre drawn levels. Lesson learnt
Lovely sunny day again
every Saint has a past. Every Sinner has a Future
  • #9,288
  • Sep 15, 2023 11:54am Sep 15, 2023 11:54am
Quoting fxpider
{quote} Math or NoMath, the price is always in a box. It's up to us to define the box, see the box, and trade the box, by whatever means that we are comfy with. Green Pips to all and Peace.
Psst ! Wanna buy a box? I got one from this guy called Kevin. ( Don't mention squirrels to him though)
every Saint has a past. Every Sinner has a Future
  • #9,289
  • Sep 15, 2023 1:39pm Sep 15, 2023 1:39pm
@ BWilliam and CrucialPoint - Thank you, Thank you and Thank you!
  • #9,290
  • Sep 15, 2023 1:44pm Sep 15, 2023 1:44pm
Quoting turnip15
{quote} Psst ! Wanna buy a box? I got one from this guy called Kevin. ( Don't mention squirrels to him though)
Oh no no one has to pay anything for my box I give it away for free
Master your Mind,,,Master the Market
  • #9,291
  • Sep 15, 2023 1:49pm Sep 15, 2023 1:49pm
Quoting bluesteele
{quote} Oh no no one has to pay anything for my box I give it away for free
Oh Crikey, I just bought six.

It never gets easier, you just get better
  • #9,292
  • Sep 15, 2023 1:54pm Sep 15, 2023 1:54pm
Quoting Pumi
@ BWilliam and CrucialPoint - Thank you, Thank you and Thank you!
For what ?

It never gets easier, you just get better
  • #9,293
  • Sep 15, 2023 1:55pm Sep 15, 2023 1:55pm
Quoting Pumi
@ BWilliam and CrucialPoint - Thank you, Thank you and Thank you!
Well...I'm not sure if we'll see CP around here ..BWilliam ?....probably.
Not seen u on here for a while Pumi..take it u've been studying hard?
  • #9,294
  • Sep 15, 2023 4:25pm Sep 15, 2023 4:25pm
Weekly view of Dax
All on Auto Pilot
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  • #9,295
  • Sep 15, 2023 5:02pm Sep 15, 2023 5:02pm
Quoting turnip15
{quote} Psst ! Wanna buy a box? I got one from this guy called Kevin. ( Don't mention squirrels to him though)
with squirrels or with out?
without patience how can you be a trader?
  • #9,296
  • Sep 15, 2023 5:12pm Sep 15, 2023 5:12pm
Quoting fxpider
{quote} Math or NoMath, the price is always in a box. It's up to us to define the box, see the box, and trade the box, by whatever means that we are comfy with. Green Pips to all and Peace.
price is in a box that is the same one blue is giving away?
without patience how can you be a trader?
  • #9,297
  • Sep 15, 2023 5:32pm Sep 15, 2023 5:32pm
Week is over. A new one ready to begin.

The market seems to like targets. And we all have our own faves which is great.

Bottom line of course is How we trade them.
And that is a whole new storyline just in itself hahaa

Enjoy the two days break. Back on Monday.
Trade well, trade safe all.

.
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  • #9,298
  • Sep 15, 2023 8:53pm Sep 15, 2023 8:53pm
Quoting Steverino832
{quote} with squirrels or with out?


Box + Nuts = ??

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+
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=
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Success = Practice + Patience + Persistence
  • #9,299
  • Sep 15, 2023 8:58pm Sep 15, 2023 8:58pm
Quoting fxpider
{quote} Box + Nuts = ?? {image} + {image} = {image}
LMAO, never mind the bollocks
without patience how can you be a trader?
  • #9,300
  • Sep 15, 2023 10:59pm Sep 15, 2023 10:59pm
Quoting bluesteele
Fed all the backyard critters and now a really big raccoon showed up chowing down on my generous dowsing of peanuts. 3 crows screeching...
A Bunch of Raccoons is called a GAZE ..
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