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Attachments: The brutal truth of day trading
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The brutal truth of day trading

After 30 minutes -

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Quoting mixedbags
After 30 minutes - {image}
pfff

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Observer effect
Now you see
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Now you don't
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Stress free after the fact left-side charts

SELL
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BUY
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The right-side will be New York Open on Monday
Quoting mixedbags
Stress free after the fact left-side charts SELL {image} BUY{image} The right-side will be New York Open on Monday
Could you please place arrows on candles where the trades were taken? Shorts only please.
Observer effect
After the fact stress free trading 123

Sell Stop on Blue lines
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I received 2 private messages asking for some additional information to clarify my last post. Below is a chart of the G$, taking off Peter's post as a point of reference. This 1H chart clearly shows that the G$ is bracketing/ranging/in a box, and has been for some time. The recent moves in the G$ are pretty easy to explain, as being either a reaction to a FA, or the follow up to the reaction to the FA, which I call the square up move. The questions I received were centered on, how does this help you predict or assess what might happen to the right of the chart? Quick answer is this: as long as the structure stays the same, it is prudent to anticipate the patterns will remain the same. So, as you try to assess what may happen next week, you would ask yourself, "What might happen or has happened, in the realm of FA, that would change the structure and resulting patterns?"

From this pairs perspective, there are several things on the table that you should be thinking about: scheduled FA next week (US retail sales, FOMC meeting, etc.), the potential of an actual pissing match breaking out between the EU and GB, etc. One of the things I am watching (closely) is what I will call "the average price from which PA does not move away from", which has been falling. Does this mean that we are about to see a breakout south on this pair? I don't know, but the probabilities are rising. But, at this time, "The Box" is what is in play. As I make my initial plans for the week (that is, what I am preparing for to the right of the chart), is for a square up of last Friday's price action, for a breakout south, and for a slow continuation of the gradual repositioning of the box.

You don't know what is going to happen to the right of the chart, but you can prepare for the most likely developments. Trade well!
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In fact we can know what's going to happen on the right side. 1.40500 then 1.43. That's all.
Quoting Ihlas
In fact we can know what's going to happen on the right side. 1.40500 then 1.43. That's all.
Why dont you think price will goes bullish from 1.41, perhaps it has done already what it needs to be done on Thursday itself.
The Ghost In The Machine
Quoting mixedbags
After the fact stress free trading 123 Sell Stop on Blue lines {image}
Why blue line on first is after 6 candles, second after 3? Third afrer 0 (on next)?
Observer effect
Quoting bilal1947
{quote} Why dont you think price will goes bullish from 1.41, perhaps it has done already what it needs to be done on Thursday itself.
If it had dropped 10-20 pips on Thursday, it would have finished his business there. But we have business to do there.
Quoting mixedbags
After the fact stress free trading 123 Sell Stop on Blue lines {image}
Hi Mixedbag

Let peter explain how he link FA to the chart youre just taking a flying arrow.
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The Ghost In The Machine
Quoting Ihlas
{quote} If it had dropped 10-20 pips on Thursday, it would have finished his business there. But we have business to do there.

Price sometimes has to go up before it can go down...

Liquidity
Quoting stevepatt
{quote} Price sometimes has to go up before it can go down... Liquidity
It's always like that. The main problem is that to identify from/to where.
It has like control zones of the price.
Quoting Ihlas
{quote} It's always like that. The main problem is that to identify from/to where. It has like control zones of the price.

Hi Ihlas;

Look for Levels on Higher Time Frames (M30 H1 H4 D1)

Then watch Lower Time Frames (M5 M1) for Structure and Flow to take Entries
Quoting Ihlas
{quote} It's always like that. The main problem is that to identify from/to where. It has like control zones of the price.
Hi Ihlas

Liquidity is just a collection of bids and asks that seek to be balanced. The problem is once balanced, the market will only drift without any real purpose or direction.
To achieve a trend, we need to see either bids or asks increase by more than 3:1 in size on balanced density. We get no movement either if the density of orders is compacted tightly regardless of size on one side of the order book.

So what is my point.

For price to turn bullish, we need more sellers to panic. The big players will turn the price bearish first to attract sellers into the game. Then once they get the interest of sellers, they condense density or place a continuous order via a EA to halt direction.
Now they attack passive selling limit orders to create a bullish trend.

Stevepatt used this term on forex factory a few years ago and he is dead correct.
The definition of a bullish trend is the capitulation of sellers equity.

How can we use this statement to trade the markets.
We shouldn’t focus on price but rather focus on wide ranging candles that are either too large in volume or too little.
An extremely large volume wide ranging candle is the big players gaining control of the order books, the small volume wide ranging candle is the direction to be trading because the battle has been won.

Price levels that are recognised is only herd behaviour without substance.

Anyway, that’s my 2 cents worth.

Cheers Rick
Trading thin liquidity at the boundary of the charts
"Digitized screen monkeys" must come to appreciate that a "screen" has a fixed set of dimensions and inputs and therefore parameters that one can use or misuse.

What I see with many people, is you ACTUALLY believe to your core, that a price chart IS the market. Someone who over-specializes in TA and has made little to no real connection with the outside world, is prone to make up stories to fill in the blanks. We all do this if one has trouble moving onward and upwards.

"Usual day trading" is pure speculation. if you doubt this, then you are one of those people who believes "the market" is that chart. PERIOD.

And if you think this way then all you really are trying to do, is manipulate data to suit your needs/wants. That's not trading, that's speculating.

Take some time to let this sink in before you assume I'm "just like every other wanker" out there who talks and can't walk.

The "price chart market" did not create companies and governments, people did.

If you want to act like a dickhead then I'm not to bother replying to you nonsense. I sense it's simply you cannot think, process information and cannot trade, so you have to mock. Yes your parents must be SO proud they've raised such a fool with such little self respect.

Buys that are entered have to go somewhere and so too with sell orders.

If you cannot wrap your head around THAT at least, then you have no business trading.

What most of you call "reality" with this "stuff" I call a tool.

But unlike you, I choose not to accept the assumption.

Just because you "watch" a car engine doesn't mean you know what happens and how it works. You have to think about different things.

Attached Image

Different types of entities and participants have different requirements and how they do business impacts HOW they use a market to help with 'business practice'.

And so I don't care if you "think" this is rubbish. Fantasy doesn't move markets, reality does.

Here's a good idea - why not everyone put away you devices and go to your local shopping mall and take note of all the shop fronts. Now think whether they are a solo enterprise or franchised. And if franchised, what "type" of business is it? Is it international? Is it widespread? Is it popular? Now go look for information about this co. Look and see HOW they do their business. If you can read you can research. There's no excuse.

I have found stupid/lazy people always trash talk because they need to cover up their ignorance and inabilities. Or you have an agenda.

Realistic traders look at a chart LAST, not first.

The red lines on that chart are markers. Not insignificant or random. And not just the periods blacked out to show a line chart. Use your brain.

Losers want everyone else to do their thinking for them.

Capitulation hah? So if I'm a buyer who now, is looking to exit, am I a seller or buyer? Am I giving in? Is my position faltering? No, on all counts.

There's no secret here. You look at real life and it tells you who needs to use FX, or Bonds, or specific industries to do business. But if you're a data junky, you are always the last to see what's happening and feasibly, what will happen next. Fact of Life. Deal with it.


Enjoy.


Peter
Real Trading is not gambling.
Quoting PeterCaleb
"Digitized screen monkeys" must come to appreciate that a "screen" has a fixed set of dimensions and inputs and therefore parameters that one can use or misuse. What I see with many people, is you ACTUALLY believe to your core, that a price chart IS the market. Someone who over-specializes in TA and has made little to no real connection with the outside world, is prone to make up stories to fill in the blanks. We all do this if one has trouble moving onward and upwards. "Usual day trading" is pure speculation. if you doubt this, then you are one...
Hi Peter

You have it just a bit wrong.

Data junky's as you described it - it see it first.
We see price move seconds after its occurred and like a train, once it moves it takes a while to stop.

We are now in the money -

Meanwhile Peter is down the news agent buying yesterdays newspaper to see what happen the day before.

This is a day trading thread, not "whatever" investing real life.

Peter, could you please just post like a normal person instead of calling everyone a -

Wanker
loser
Dickhead
Lazy
Fool
Stupid

Those words were used in your last post. If you have a message - its being lost in your bitterness towards other traders.
Do I detect jealousy?

Cheers and as you rudely call me Rickyboy
Trading thin liquidity at the boundary of the charts
News trading discussion - continuation | Forex Factory
^^real life stuff
A trade should be based on an assumption based on facts
Quoting RickM
{quote} Hi Peter You have it just a bit wrong. Data junky's as you described it - it see it first. We see price move seconds after its occurred and like a train, once it moves it takes a while to stop. We are now in the money - Meanwhile Peter is down the news agent buying yesterdays newspaper to see what happen the day before. This is a day trading thread, not "whatever" investing real life. Peter, could you please just post like a normal person instead of calling everyone a - Wanker loser Dickhead Lazy Fool Stupid Those words were used in your...

Beats me why you are wasting your time Rick!
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