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Flying Dutchman

@Timetells...
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Quoting whitesta
@Timetells... {image}

Cheers W, love the chart.

And an excellent stop-off point after inflection for the first stage of the market move earlier. And near enough to the 50% of yesterdays Lond low-NY hi swing.
Biz as usual .

I'll slip in a quick intra-day update here. 63½ pips was an honest Asia move imo, back now for Franky to see where price starts there & where they then take it.

Trade well guys.

.
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Quoting TimeTells
{quote} Cheers W, love the chart. And an excellent stop-off point after inflection for the first stage of the market move earlier. And near enough to the 50% of yesterdays Lond low-NY hi swing. Biz as usual . I'll slip in a quick intra-day update here. 63½ pips was an honest Asia move imo, back now for Franky to see where price starts there & where they then take it. Trade well guys. . {image}
I saw the chart a bit late as was doing my day job. As soon as i noticed the inflection my eyes moved right to see if there was a fake and flip and there she was. Not huge but quite clear with pins. Once the DOL line was pierced i knew that it would be looking for a new Low. Thought of ur message where you said that it can go over 50pips in search of lows or highs. Apart from the targets on the left the one that stared at me was the previous days NY open. Four 5 minute candles and it was hit. For me it was just watching and thinking that you must have got into it for sure.
Quoting whitesta
{quote}
I saw the chart a bit late as was doing my day job. As soon as i noticed the inflection my eyes moved right to see if there was a fake and flip and there she was. Not huge but quite clear with pins. Once the DOL line was pierced i knew that it would be looking for a new Low. Thought of ur message where you said that it can go over 50pips in search of lows or highs. Apart from the targets on the left the one that stared at me was the previous days NY open. Four 5 minute candles and it was hit. For me it was just watching...

Yes, I missed the first stage though, till it broke the triplet (prior Lond Open, Month Open, Day PP) and got what I wanted after that, not huge at all but what I chase.
The market was keen to trade under the day Open all morning (with the fake spike over as you spotted).
Quoting TimeTells
{quote} Yes, I missed the first stage though, till it broke the triplet (prior Lond Open, Month Open, Day PP) and got what I wanted after that, not huge at all but what I chase. The market was keen to trade under the day Open all morning (with the fake spike over as you spotted).
Lines and levels and "Zeppelins" - all grist to the mill
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every Saint has a past. Every Sinner has a Future
Thank heavens for
AI
or
Put another way
Those very cleaver coder guys
saves me hours of drawing my own lines
ps
They even improved on the HA Candles
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Quoting turnip15
{quote}
Lines and levels and "Zeppelins" - all grist to the mill {image} {image}

Hi turnip,

Hahaa cheers and yes those Zepps pop out right in front of us.

A great chart sir, it tells me you know what you are looking at for sure.

(Breaking All The Rules, BBC 69-71 )

all the best pal
Hi All,

Good start to the day. This one had so many confluences. After DO, Tokyo made its own High (PFH) and the price rejected RN, PMH, RN, WO. I waited for retest of the RN or structure break. It just retested the WO and broke the structure where i entered. Tokyo open was the target. Trade Well All.
Note: Seems Tokyo has also set a new or its own LOW.
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Quoting whitesta
Hi All, Good start to the day. This one had so many confluences. After DO, Tokyo made its own High (PFH) and the price rejected RN, PMH, RN, WO. I waited for retest of the RN or structure break. It just retested the WO and broke the structure where i entered. Tokyo open was the target. Trade Well All. Note: Seems Tokyo has also set a new or its own LOW. {image}
The Best Loser Wins
Quoting bluesteele
I'm a big believer in Classic chart patterns...have been using them a long time... I always enjoy this guy's charts and analysis... I actually posted a nice one of mine awhile back maybe March April of the GJ looking for a 1000 pip breakout... Will dig it up and the follow thru Anyways .... This fellow... Yuryi Matso.... https://twitter.com/yuriymatso/statu...318624768?s=20 And another guy Aksel Kibar (Tech charts) is just excellent... whom the legendary Peter Brandt raves about him Anyways just thought I would bring a...
Original Post Mar 30

Quoting bluesteele
On the radar for the last two weeks and the pattern has broke very close to where I had "anticipated" Playing both sides of the market currently.... Edit: Forgot to mention,,,Look how the pattern broke with 1 candle,,,same as we see happen over and over at levels etc no matter what the TF {image} {image}
So Chart patterns...Classic old school never change patterns... A large percentage of patterns Fail just like Bo's do... Its why we just don't blindly buy or sell a break or a level...We want confirmations we want to open a position with the least amount of risk..etc...etc.

This GJ trade was a great example of a classic pattern that faked out the longs with the false breaks on the lower TF's...As well how the Monthly Highs and lows are often set near the beginning of the month and the end of the month... I have gone over years of GJ charts noting what day of the month and day of the week sets the high and sets the low...And the numbers dont lie Its easy to do just some elbow grease and time lol... I do all manually and enter in my notebooks...

Anyways just thought I would share some charts and notes on the charts... Might be of interest to some... For many years all(mostly) I traded were stocks with EOD data .. No intraday trading until early 2000's when I first discovered Forex. I loved the 5m chart but found it difficult to trade early on..and so I traded the 4hr mostly... One day on Skype with George we delved into trading the Daily charts with entries on the 1min chart..and spent alot of time discussing that and studying the charts etc to make that work.. And this GJ Triangle Pattern is a good example of how this is possible...

Nothing new just good old charting skills ,PA/TA skills with some well rounded market mechanics knowledge and thats all

I think it was Whitesta who had asked or shown interest in the longer TF charts but how do you trade them without large risk...Well maybe this might shed some light
on one way it can be done. Find a pattern,,apply what you know and is discussed here etc...When the pattern starts to break start monitoring and looking for an entry..THe same Fakeouts happen on the large TFs ..everything is Fractal...so wait for a retracement and a Value entry with confluences etc...

Cheers Fellas
Blue

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The Best Loser Wins
Quoting bluesteele
{quote} Original Post Mar 30 {quote} So Chart patterns...Classic old school never change patterns... A large percentage of patterns Fail just like Bo's do.........
Excellent post, nicely annotated, and easy to understand.
Always learning
Quoting bluesteele
{quote} Original Post Mar 30 {quote} So Chart patterns...Classic old school never change patterns... A large percentage of patterns Fail just like Bo's do... Its why we just don't blindly buy or sell a break or a level...We want confirmations we want to open a position with the least amount of risk..etc...etc. This GJ trade was a great example of a classic pattern that faked out the longs with the false breaks on the lower TF's...As well how the Monthly Highs and lows are often set near the beginning of the month and the end of the month... I have...
Top Post. The effort you put in to get those finer details are amazing. The charts are clear for all to see.
While im at it heres one on my watchlist USDCAD
On the radar since Mid March..Lines havent changed 50% hasnt changed..
50% level is from H/L of pattern.

2 ways I draw my patterns and this all goes back 40+ yrs when I used to draw line charts on the graph paper
from the daily newspaper quotes. A simple line chart(close) and the candles...

Theres actually a pattern within a pattern ...Weekly and Daily...

Here they are..and lets see what unfolds and presents itself.

Cheers
Blue

(Notice yesterdays wick on the last chart Daily...) Gotta love patterns....

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The Best Loser Wins
Is the larger market looking at what traders are looking at
And where might the two meet up for a good cup of coffee

Each to their own, there is no just one way to trade our markets.
Trade safe, trade well all.

.
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Quoting fxpider
{quote} Excellent post, nicely annotated, and easy to understand.
it could take years of chart study to learn what Bule just shared, thank you bule.
without patience how can you be a trader?
Quoting Steverino832
{quote} it could take years of chart study to learn what Bule just shared, thank you bule.
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"The Only Limit, is the One that you Set Yourself"
Quoting Shabs19
{quote} {image}
thank you!
without patience how can you be a trader?
Quoting Steverino832
{quote} thank you!
False Breakouts, Key Levels, PDH, PDL etc.

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"The Only Limit, is the One that you Set Yourself"
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"The Only Limit, is the One that you Set Yourself"
Quoting Shabs19
{image}
great stuff Shabs thank you!
without patience how can you be a trader?
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