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Flying Dutchman

Quoting TimeTells
{image}
Look for Triangles i say...lol
Quoting whitesta
{quote}
Look for Triangles i say...lol

Looking for them yes, and their future possibilities.

And remembering they represent (well, to me) range & range trading.

And if range activity (of differing pip value amounts, of course) accounts for say, 80-85% of the chart time,
then we should also be careful not to be caught on the wrong side - which is the other 15%

This is the 'entry' issue as we know it, as breakouts of range can include the master trick of the Fake N Flip.

Shabs has shown us some excellent graphics & charts showing the re-test concept within Structure Break Trading to work with these up & down price activities.

It's all a battle, which is half of the fun (the other half is our profits, hopefully)
Quoting whitesta
{quote} Look for Triangles i say...lol
Hi Timetells,

I just needed some input from you regarding the chart. I was having a look at this. Didn't place any trade, just visual. I have been learning through this thread and getting great help from experienced guys like you here. Popping the chart and question to you since u are in OZ and trade Asia session which is what i would like to do and mostly with the GBP/JPY pair. For me here in Wellington, Asia session would be great to trade, provided i get time off from my day job. I have tried different time frames but seems that I have a bit of success on the 1 minute chart. I mostly look for RNs and Time as the important ingredient to place the trades. Other confluences like pins, engulfer, open lines follow. I have put the reasons on the chart as to why i would have taken the trade. Being in the market for less time suits me, hence the profit is less. If you could have a look and give ur input or add things if i have missed something important would be very much appreciated.
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Know you all don't really do MAs, but

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Mark ... Either you understand or you don't, and that is that.
Quoting whitesta
{quote}
Hi Timetells, I just needed some input from you regarding the chart. I was having a look at this. Didn't place any trade, just visual. I have been learning through this thread and getting great help from experienced guys like you here. Popping the chart and question to you since u are in OZ and trade Asia session which is what i would like to do and mostly with the GBP/JPY pair. For me here in Wellington, Asia session would be great to trade, provided i get time off from my day job. I have tried different time frames but seems that I have...

Hi Whitesta,

Your trade looked great by entry to me.
You can pretty much continue taking trades, how you are trading them imho, no probs at all.

It is easier for me LOL to assess (with my opinion only, of course) a losing trade.

But I am NOT asking to see one as I am sure you have researched your own in the past (as I do mine) to find whether I was too quick to trade (even if in the right ultimate direction) or was just wrong in my directional pick and then I assess when I should have closed it better hahaa.


I say your entry looked great as there had been three major 1 MIN volatility candles leading up to the final run down to the .750 horizontal line.
(I just call them V.O.L. candles = Very Observably Large hahaa and I look for them only on 1 min charts).

That you didn’t reversal entry immediately AT the .750 touch/break showed excellent restraint waiting to see the reaction down there. So your entry was sweet and price can often reverse off those multi VOL candles exhaustion and retrace back 50% (it reversed more this time, but your exit was where I would like to also).


They’ve done 85 pips already in Asia GJ and continue to sit price down there. My Asia Box doesn’t close for another hour so have they completed the asia box range already, who knows. What they do in between the asia box and London open gives a clue as to whether today might be a grind or a triangle.

I just wait to see what happens is all, no system or method, just discretionary trading as the market moves.
The RNs will always attract interest from others entering & exiting so they do give us a clue also.

A look at the Daily Chart shows us the bigger possibilities once the market expands again and moves direction (either as a continuation or a reversal).

I have 161.640 above if they reverse, and 160.380 below (then 159.130 below again if it grinds into next week). Will they exceed ADR today or wimp out at the usual ADR we will have to wait & see.

All the best
(ps I did not trade yet today)
Quoting spzd
Know you all don't really do MAs, but {image}

Hi Mark, yours is a great chart imo.

I use ma's for sure, a collection lol, 3 mid-value parameters, and 1 x short-value.
I always have my charts open but I don't always fixate on watching them.

So the ma's & PA I see from a glance across the room and I can mentally assess how structure is at present, and how price is moving around the structure.

Once something is happening, either expansion or contraction (zeppelins lol) then i move closer to the PC screen hahaa.

Your ma's look terrific & will paint you an overview picture, as mine do for me. Then its just down to the entries lol.

All the best
Quoting TimeTells
{quote} Hi Mark, yours is a great chart imo. I use ma's for sure, a collection lol, 3 mid-value parameters, and 1 x short-value. I always have my charts open but I don't always fixate on watching them. So the ma's & PA I see from a glance across the room and I can mentally assess how structure is at present, and how price is moving around the structure. Once something is happening, either expansion or contraction (zeppelins lol) then i move closer to the PC screen hahaa. Your ma's look terrific & will paint you an overview picture, as mine do for...
Hey Pete,

Since I corrected the parameters they work swimmingly with my "theories".

And I have gone 27W-8L since then. Have been trading small moves a lot as that is what is being given up. All in all I do believe I have turned the corner as this will be my first profitable week since about mid November. Ouch!

That spot has not amounted to anything (so far - who knows), just thought it interesting. What is more interesting may be the Weekly open right below price and EOM coming. Wonder how they want to move this from here???


Take care
Mark ... Either you understand or you don't, and that is that.
Another Triangle...
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Quoting TimeTells
{quote} Hi Whitesta, Your trade looked great by entry to me. You can pretty much continue taking trades, how you are trading them imho, no probs at all. It is easier for me LOL to assess (with my opinion only, of course) a losing trade. But I am NOT asking to see one as I am sure you have researched your own in the past (as I do mine) to find whether I was too quick to trade (even if in the right ultimate direction) or was just wrong in my directional pick and then I assess when I should have closed it better hahaa. I say your entry looked great...
Thanks for the input. For me i am now trying to understand the grinding days.
Quoting spzd
{quote}
Hey Pete, Since I corrected the parameters they work swimmingly with my "theories". And I have gone 27W-8L since then. Have been trading small moves a lot as that is what is being given up. All in all I do believe I have turned the corner as this will be my first profitable week since about mid November. Ouch! That spot has not amounted to anything (so far - who knows), just thought it interesting. What is more interesting may be the Weekly open right below price and EOM coming. Wonder how they want to...

Yes, December is always a trick and the first week or so in January also, so things may well be back to par again from here.

You will become the UJ reference point for us all now hahaaa.

UJ is not a pair I have traded for about three years as I came to the conclusion (ONLY in my mind LOL) that it was not really a currency pair as such but a single currency hahaa run by one CB only across two nations. This of course cannot be true.

But I had it in my mind so I only utilise UJ now together with GU to give me a balanced current perspective on GJ (and some days I dont even look at GU or UJ at all, just when I need some more clarity than what GJ alone is showing me).

UJ has done some wild moves during Asia in the last two weeks I did notice, but usually it can be dormant in Asia (inflection time lol) and comes to life post London into New York when I am getting ready for bed hahaaa.

Trade well pal.
Quoting whitesta
Another Triangle... {image}

There it is again W, lol.


I had a trader once post to me I was only working on magic. I explained in a reply that there are THREE types of magic
While I prefer the magic that works on currency pairs best though. hahaa

Triangles & Grinds are our bigger picture.

We can, in the right circumstances, trade in-between both as they are happening.
Timing, sessions, etc give us clues.
Structure Trading shows us also, in the moment.
Hello any passing Fair Value Gappers. Albeit I do not trust them ( mainly because I wouldn't recognise a genuine FVG if it bit my ankle) is the one shown on the 15 minute chart valid or simply another type of Gap?
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every Saint has a past. Every Sinner has a Future
Quoting TimeTells
{quote} Hi Mark, yours is a great chart imo. I use ma's for sure, a collection lol, 3 mid-value parameters, and 1 x short-value. I always have my charts open but I don't always fixate on watching them. So the ma's & PA I see from a glance across the room and I can mentally assess how structure is at present, and how price is moving around the structure. Once something is happening, either expansion or contraction (zeppelins lol) then i move closer to the PC screen hahaa. Your ma's look terrific & will paint you an overview picture, as mine do for...
Hi TT,
Had some fun "Zeppelin" spotting on Euro/Dollar around my channels. Breaks in Zeps noted in location to channels. Could be an interesting area for forward testing for myself ?

Your opinion would be appreciated
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every Saint has a past. Every Sinner has a Future
Quoting turnip15
Hello any passing Fair Value Gappers. Albeit I do not trust them ( mainly because I wouldn't recognise a genuine FVG if it bit my ankle) is the one shown on the 15 minute chart valid or simply another type of Gap? {image} {image}
Your obsession with gaps is making you see them where there aren't any.

IMO , I take them to be where a larger than normal single candle appears between normal size smaller candles, implying a huge imbalance in price has occurred.

A gap meaning, transactions did not occur within the "marked" range of that candle. So the candle should appear the same, even on lower TF's.

Price literally has jumped across the Gap without any deals taking place.

The occurence will usually be accompanied by a Red News Event, like NFP or interest rate announcement etc. and between NY Close ona Friday & Sunday Night Asia Open.

GBPJPY 18th jan BOJ statement @ 2.40am would be a good example,
Follow the Money
Quoting Shabs19
{quote} Your obsession with gaps is making you see them where there aren't any. IMO , I take them to be where a larger than normal single candle appears within smaller candles, implying a huge imbalance in price has occurred. A gap meaning, transactions did not occur within the "marked" range of that candle. So the candle should appear the same, even on lower TF's. Price literally has jumped across the Gap without any deals taking place. The occurence will usually be accompanied by a Red News Event, like NFP or interest rate announcement...
I had a relapse - withdrawal medication needs re-evaluation methinks

But someone else thought it was valid plus assisted by Order Block - oh well. Keeps me off the street
every Saint has a past. Every Sinner has a Future
Quoting turnip15
{quote} I had a relapse - withdrawal medication needs re-evaluation methinks But someone else thought it was valid plus assisted by Order Block - oh well. Keeps me off the street
You can buy this device to spot gaps :

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Follow the Money
Quoting Shabs19
{quote} You can buy this device to spot gaps : {image}
Oh -you can be so cruel !!
Have a good weekend
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every Saint has a past. Every Sinner has a Future
Quoting turnip15
{quote} I had a relapse - withdrawal medication needs re-evaluation methinks But someone else thought it was valid plus assisted by Order Block - oh well. Keeps me off the street
The order block that you refer to was due to a breakout from consolidation, that was with momentum, so price will often return to retest that area.

Simple test is to look at the same candle on lower TF's, should not look any different.
Follow the Money
Quoting turnip15
{quote}
Hi TT, Had some fun "Zeppelin" spotting on Euro/Dollar around my channels.
Breaks in Zeps noted in location to channels. Could be an interesting area for forward testing for myself ?
Your opinion would be appreciated {image}

Hi turnip,

Yes mate you nailed it, forward testing is your only option.

But I don’t really know.
I don’t have 3min charts either, so maybe take my 5 min chart here with a grain of salt.

It is a pure hindsight chart as I do NOT trade this pair, ever, and I don’t know its behaviour really, at all.

But it is always fun for me to look at any past chart & speculate what I might have done (might hahaa !).
Would I have traded all this - in the moment - who knows lol, probably not.

The only thing I know for sure is the “Question Mark ?” on your chart.

My answer to that is NO Zep trade setup, as it happened at the End of a Day and the End of a Week.

Wait till Asia kicks off on Monday (but then, with EURUSD, neither countries centres are open yet for business).

.
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Quoting turnip15
{quote}
Hi TT, Had some fun "Zeppelin" spotting on Euro/Dollar around my channels.
Breaks in Zeps noted in location to channels. Could be an interesting area for forward testing for myself ?
Your opinion would be appreciated {image}

Hi turnip,

It's a Sat'dy morn' so why not another look at the EURUSD, from a bit tighter on a 1min chart.

(last one from me this week ).


This time of day is usually the end of the night for me, the New York Open, but I always like to have a look back at what the big boys did with it hahaa.

Again, these are just my perspectives, not trading recommendations at all, just how I view some Market Mechanics across the pairs. This time on a 1min chart.

Each to their own perspectives of our markets. And always use your own imho and no one elses.
(I also do use ma's on my setup charts , but nothing really special)

.
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