Attachments: MY Journal-phil13

MY Journal-phil13

#761
Jan 17, 2018 7:59am Jan 17, 2018 7:59am

phil13
Joined Jul 2011 | Status: an ant working the structure | 3,248 Posts

Hi CookieMonsta

Thanks, it was interesting battle I think….. just the time it takes is a big problem.

Hi Alex

Yes, fx volume is not centralised and from the broker you are trading with only, sometimes the spikes and lows can help but they can also mis-lead as they did here due to it not being a true picture, just wanted to cover this a little to show that, as you see I dropped it after a while.

You are right to pick me up on this, It is not something I use regularly but do now and again (when I am bored I guess thinking about it). Actually thinking back when I started this trade I was not very well and the doctors were messing around with my medication (again) so maybe that had some impact on my thought process as well.

I have shown what I wanted to with the volume and will not post anymore on broker volume.

It actually helped me by going wrong as it did because I was wondering how I could post/show a deep recovery.

I have found using the currency index’s a better way to gauge the amount of trading in each currency, although these are charts they give us an ‘overall’ picture of what is going on in each currency without having to watch all the crosses all the time.

In the post below is the use of the index’s for/with that trade.

Regards

Phil.

-be careful about what you allow to be put in your mind-

#762
Jan 17, 2018 8:01am Jan 17, 2018 8:01am

phil13
Joined Jul 2011 | Status: an ant working the structure | 3,248 Posts

E/U trade....

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cont' in post below....

-be careful about what you allow to be put in your mind-

#763
Jan 17, 2018 8:03am Jan 17, 2018 8:03am

phil13
Joined Jul 2011 | Status: an ant working the structure | 3,248 Posts

cont' from post above..

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-be careful about what you allow to be put in your mind-

#764
Jan 17, 2018 8:18am Jan 17, 2018 8:18am

RelaxRay
| Joined Mar 2014 | Status: Only visiting. Trade well ALL. | 922 Posts

Hi Phil

Nice to see you having fun.

Very windy start to the year.
Take care and Good fortune!

Regards
Ray

Fall in love with the process, and the outcome takes care of itself.

#765
Edited 8:42am Jan 17, 2018 8:25am | Edited 8:42am

CookieMonsta
| Joined Mar 2014 | Status: Trader | 1,667 Posts

Quoting phil13

Disliked

Hi CookieMonsta Thanks, it was interesting battle I think….. just the time it takes is a big problem. Hi Alex Yes, fx volume is not centralised and from the broker you are trading with only, sometimes the spikes and lows can help but they can also mis-lead as they did here due to it not being a true picture, just wanted to cover this a little to show that, as you see I dropped it after a while. You are right to pick me up on this, It is not something I use regularly but do now and again (when I am bored I guess thinking about it). Actually thinking...

Ignored

Hi Phil, indeed, I guess in a way 3 months isn't feasible if I have to pay bills depending on the account.

You could use the futures market volume, if you are interested in using volume, because of futures spot arbitrage, so the action by the arbitrage guys should be similar. Another one I found out is ro3k, when ro3k goes into sync, it may indicate a fair amount of volume, because to synchronize at least the USD pairs, means attack by market, and may mean delta in buy sell liquidity.

As for indices it also works, but depends on if it is centralised.

I realized that, fti mentioned to redlion or another user(???) Was that, when he first get into market for the day, he look at ro3k to see terrain, this makes me wonder, actually, does the attack and rescue and cut and flip have something to do with ro3k going in sync or out of sync.

That is, Fti's rescue is done when market seems like retrace, or ro3k not in sync showing choppy market, and attack when ro3k in sync and same direction, if ro3k in sync but against his positions, he cut and flip. His attack and rescue is on point because of his feel for pa and terrain, so clue to ro3k's read is alot deeper? Just speculating. Primarily because to cut and flip will lose price advantage, so if that is so, if ro3k is in inline, can capitalize on their in sync terrain which may generate strong swing, and do the cut and flip.

#766
Jan 17, 2018 8:59am Jan 17, 2018 8:59am

phil13
Joined Jul 2011 | Status: an ant working the structure | 3,248 Posts

Hi Ray

Good to see you here again, you know me always trying to make the best out a situation.

Hi CookieMonsta

Yes, that is where the problem is in long drawn out battle, the supply chain weakens as more time decays and nothing/little is won/conquered.

The volume thing I have used the futures stuff some times and sometimes it works ok and others not so good, I should not try to fix things that are not broken really… but sometimes a slight change helps get me back on track.

Trading the 3K’s is trading the market wheel (USD), when they line up that is why we get a good move, a few years back the 3K’s worked really well and would line up a lot more than they do today, also todays market moves are no where near the amount they used to move, for me this makes it harder to catch the odd bigger move without trying out some new stuff and being open to each currency as opposed to relying solely on the 3K’s lining up or not, the USD is losing its monopoly in the market these days as well and not everything is changed/exchanged through that medium only now.

I like watching the index’s below, they give me clues to each currency and you can see at a glance which one/s are driving the current move. ( I know I have shown you this and gave the link).

Regards

Phil.

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-be careful about what you allow to be put in your mind-

#767
Edited 2:39am Jan 18, 2018 2:28am | Edited 2:39am

alexandria
Joined Nov 2010 | Status: Just playing follow my leader | 1,545 Posts

Quoting phil13

Disliked

Hi CookieMonsta Thanks, it was interesting battle I think….. just the time it takes is a big problem. Hi Alex Yes, fx volume is not centralised

Ignored

.... ah I see cheers for that.. agree

Alex

check out the terrain - follow never lead

#768
Jan 18, 2018 3:40am Jan 18, 2018 3:40am

phil13
Joined Jul 2011 | Status: an ant working the structure | 3,248 Posts

Something I realise I am doing wrong here is I am trying to force my will on the market to show what I want to be in my journal with this open account that I am displaying, I wanted to group things together, the read, money management, price structure, ect… it cannot be done like that I am afraid due to the market not always (very rarely) doing what I want when I want, so now I will just have to post trades on that account and explain as things happen in the market, I will do my best to try to explain but it will not be in the order/grouping I would like, this is a case of my mind wanting to take control and put some order in things that are random and I have no control over, we humans like our little compartmentalised boxes.... time to be like water.

-be careful about what you allow to be put in your mind-

#769
Jan 18, 2018 3:50am Jan 18, 2018 3:50am

alexandria
Joined Nov 2010 | Status: Just playing follow my leader | 1,545 Posts

Quoting phil13

Disliked

Something I realise I am doing wrong here is I am trying to force my will on the market to show what I want to be in my journal with this open account that I am displaying, I wanted to group things together, the read, money management, price structure, ect… it cannot be done like that I am afraid due to the market not always (very rarely) doing what I want when I want, so now I will just have to post trades on that account and explain as things happen in the market, I will do my best to try to explain but it will not be in the order/grouping I would...

Ignored

I always find when I try to do that.. it goes wrong or I lose confidence as it feels forced.... not sure why but it does my friend.. do not upset the balance...the trend is our friend

Thank so much for all charts

Alex

check out the terrain - follow never lead

#770
Jan 18, 2018 8:00pm Jan 18, 2018 8:00pm

CookieMonsta
| Joined Mar 2014 | Status: Trader | 1,667 Posts

Ah, Phil, I see why you are using the indices, once you see 2 charts have tearing, on their pair, you can catch a big move.

So from the charts, you are seeing which one might tear most and then choosing the pair to enter, so you are actively picking good terrain.

#771
Jan 19, 2018 1:29am Jan 19, 2018 1:29am

phil13
Joined Jul 2011 | Status: an ant working the structure | 3,248 Posts

Hi CoookieMonsta

yes, my friend that is what i am trying to do 'see the tears trade the pairs', is no holy grail but is a lot easier than watching all the USD pairs and their crosses for the same info, this way i only need to watch six charts and then take a look at what charts i think may move.

regards

Phil

-be careful about what you allow to be put in your mind-

#772
Jan 19, 2018 2:51am Jan 19, 2018 2:51am

alexandria
Joined Nov 2010 | Status: Just playing follow my leader | 1,545 Posts

Quoting phil13

Disliked

Hi CoookieMonsta yes, my friend that is what i am trying to do 'see the tears trade the pairs', is no holy grail but is a lot easier than watching all the USD pairs and their crosses for the same info, this way i only need to watch six charts and then take a look at what charts i think may move. regards Phil

Ignored

.. liking this idea ..just watch the indices... where do you get the indices ?

Thanks

Alex

check out the terrain - follow never lead

#773
Jan 19, 2018 3:02am Jan 19, 2018 3:02am

CookieMonsta
| Joined Mar 2014 | Status: Trader | 1,667 Posts

Quoting phil13

Disliked

Hi CoookieMonsta yes, my friend that is what i am trying to do 'see the tears trade the pairs', is no holy grail but is a lot easier than watching all the USD pairs and their crosses for the same info, this way i only need to watch six charts and then take a look at what charts i think may move. regards Phil

Ignored

Hmm, just my intuition, you could develop this into the butterfly fti was talking about.

#774
Jan 19, 2018 3:04am Jan 19, 2018 3:04am

phil13
Joined Jul 2011 | Status: an ant working the structure | 3,248 Posts

Hi Alex

here is the link my friend, it is completely free, just open a separate window for each currency and resize to arrange how i have it or any other way you may prefer.

click on the USD box and start to type the currency you want.

https://www.mataf.net/en/forex/tools...-index#c_index

regards

Phil

-be careful about what you allow to be put in your mind-

#775
Jan 19, 2018 3:06am Jan 19, 2018 3:06am

phil13
Joined Jul 2011 | Status: an ant working the structure | 3,248 Posts

Hi CookieMonsta

yes, i think there are lots of different ways to use this info, each to their own.... take/use what is useful discard the rest for now.

regards

Phil.

-be careful about what you allow to be put in your mind-