Flying Dutchman

Great advice Kev
(I'm enjoying the rest)


Trade safe, trade well all

I am (speed) reading a lot of stress & uncertainty threads currently, plus exasperation with Forex currency trading.
When it doesn’t really have to be that way (imho),
does it?

The markets (all markets) are highly organised & structured, as I see it. (ie BONUS)

So what then is …
The Dilemma.
Why do traders get into bother with trading.
Is it just the where and when to enter their trade (Price + Time).

Folks jumping in to follow a soon to be exhausted momentum run (I dislike the word ‘trend’ in currencies).
Folks incorrectly predicting in advance an upcoming reversal point.

(Rhetorical)
What leads to these maybe faulty trading decisions.
Is it TA, the indicators, the temporary or singular PA.
What is mesmerizing traders to trade at wrong times (I do also lol, but less these days)


If the market has to aggregate itself (assumption) then any TA or PA could ultimately be correct
But unfortunately still provide a short term losing trade, until such or any aggregation has been resolved.
(ie who or what is taking the opposite side to retail trades and flipping price over on them)


It seems best to just trade with the strength.
(math and/or reliable observation)
Watch out when price is dormant in the middle of a washing machine
(eg temptation provided)
Market makers then have room to move price, both ways.

Each to their own of course.
Trade safe & trade well all

Apply Newton's First Law of Motion, that should keep you on the right side.

Inertia ... constant rest or constant motion - followed by action via an unbalanced force



That's our markets.


GBPJPY was all the same mechanics yesterday, price got itself active after London (with Trump's tarrifs on cars ? which negatively affected the Yen big car makers)

Business as usual though for market makers & us traders.


A look at GBPUSD showed it was Pound movement, not the US dollar after the fake and bermuda at NY open.
Trade safe and trade well folks & all should be good



GBPUSD

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No real surprises to me yesterday I guess, other than the "late'ish" fill of the opening gap before I awakened this morning.
My work though was all done (edit) in Asia and later shortly after the London Open.

The Playbook that keeps on repeating (imho)
(thank goodness)

Trade safe, trade well all


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I'm done & over in Asia now.
Market can do what it wants as far as I'm concerned, ie blast higher or lower (until some soft Pound news 1½hrs after London Ope)
Best for me if they move price well away from the setup grouping it played out in with Asia.
But in the end doesn't matter.
Trade what we get from them later if it pans out then.
(my day could well be over now tho, I don't need to trade any more today if it doesn't come up on the charts).

Please trade safe, and then trade well


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Look Left :

Spot on Shabs,

And no matter (imo) what session or time of day we all trade, the market provides target after target for us to trade to, from or within.

The highly structured nature of currency trading with two opposing centralised orgs keeps a core lid on daily movement (inside any fundmentals operating externally),
such as GBPJPY with its largest Pound hounds and Yen yakkers actually moving price through the day via market makers and each/all with their own agenda.

The stepping stones (stations) and the outer extremes utilised by trader activity make each day viable in my opinion, whether we will use math or indicators or a variety of templates to provide "our structure viewpoint' ONCE we grasp the market mechanics & structure operations that MUST (again, imo) happen at each juncture.

So, in the end, it seems only logical it is The Trader themselves that is the variable in the mix.

Understand the market and how you approach it has always been reasonable advice.

Having said all that lol, on GJ yesterday it was again a day of the same stuff (imo) top to bottom AND in between.

Trade 'em safe, and trade well

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GJ chart above

Price shot straight up to the RN / Lond Ope confluence of attractors
Completing the London Bermuda from yesterday

Market mechanics
They plays out each day imo

Trade safe, trade well all

GOLD :

Trump is up an hour before today closes (in about 8hrs).

While I'm done, over, and out here.

Trade em safe folks. Then trade em well imo.


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Nothing Random about the "Attractors" Pete ! Which you have shown so well day in day out, month in month out
and year in year out with your charts and observations !... Always the same !

Well done

Cheers pal.......

Thanks very much Kev, much appreciated my friend.

I am only showing all this from what I have observed over the past couple of years of much refining (which looks pretty simplistic in the end after all the work lol)
Refining meaning a viewpoint that is, I don't mean these charts as a trading point.
As always, THAT aspect of trading involves The Trader inside each trader for when they choose to buy or sell. Not another persons opinion (like mine).

I was able for myself to formulate when & where ie Price + Time via the use of repeated delta watching each candle's progress over & over on a Simulator where I could speed up the chart's progress in 'slow trade' times and then slow it down to a crawl when a potential trade time was showing itself. To see how the market deals with various "attractors", of which other traders may have many more of their own to add also for their own assessments.

For example, in the chart above (I won't call it the Trump Tariff Chart hahaa) I ask this morning who might be pushing price to a high right AT the Week (R)1.
Probably not retail traders Joe or Jenny if you know what I mean hahaa.
Most likely longer term positioners such as institutions or hedge funds (together with bigbanks). Retailers might usually look for our intraday targets (swings).

So can a retail trader do their business inside or around or with these larger scale enterprises. My belief is yes if we can.
With both our math & observations we can identify their extreme liklihoods and how they manoeuver to get there (ie often it's a meander, which appears random. But ISN'T imo) or straight to it like late in the trade day yesterday.

In the end it is what it is, and we as traders better have a plan on how to play in their backyard if we wish to join in their fun.

I keep saying, but I probably do not need to show any more chart reviews. (Just that each morning when I wake the charts make me smile which I wish to share).


PLEASE folks, trade safe. And then trade well
(ie make it your choice of entry, NOT theirs, and don't get sucked into OR OUT OF their fakes & flips, as we always can wait them out before entry if we can).

All the best all


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US500

same story ?

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and so it goes on ...

GOLD

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and a final for today
similar playbooks, who knows ?
if so, who's driving the car

OIL

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Intraday swings on the smallest timeframe, can also be possible imo

I have a little idea in my head, where I believe they are headed in this mode

I rarely show/take my full TP which is AT any upcoming target,
I prefer to close the trade prior (for less but which is a ‘lock trade' in my eyes)
(Because it doesn’t matter much, a couple of pips, and the maker of markets gets to do their thing without me)

Trading in both directions in the same range move, is that wise ?
Well I rarely do that more than twice in the same grouping (EVEN if it’s possible to do so).

I tried three or four quick trades in the same range move one day and the MM blasted me away 30 pips out of the current range
(I assumed they were just p!ssed, who knows, but then price returned to the range later - so I now take what I thought was their hint then after that hahaa)

It’s easy enough to come back in later.
Best I reckon if they have then moved price substantially in between. To a new range area. Doesn’t always happen.

Trade safe folks, (and then trade well)

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And finally,
to end a Quintology For the Week,
yesterdays DE40

Prob just my 'ol eyes, but there seems a similar market based style of price movement
all around the places I review later

Each to their own view of course, always

Just
trade 'em safe
and trade 'em well
as best we can



DE40

GBPJPY little variation (again) also
London pushed up to the Week Open
before flipping over
with New York later (after a F'N'F) driving down to finish the day up & down at RN 191.250

Last day of the week, and all the best to all

These days are probably times to remember in this world.

Still, the markets go on.
All the best to all

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