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Flying Dutchman

  • #461
  • Aug 12, 2021 3:32am Aug 12, 2021 3:32am
Quoting BWilliam
{quote} Hi Ihlas, I made a few posts about how I use fibs. Check it out. Now I use hands free algo math. {image}
Hi BWilliam,
Thank you. I will definitely check it out. Wish you health and wealth. One day in the future I hope I will be able to make hands free algo math. For now hands are OK. Full of energy
  • #462
  • Aug 12, 2021 3:36am Aug 12, 2021 3:36am
Quoting Ihlas
{quote} Thank you for your time. And thanks to everybody who was the reason of new ideas in my mind. George, BW, PeterCaleb, TimeTells, RickM, Coreg, MoodyBot And last thanks to me to Good luck TimeTells Wish you
Welcome to post anytime mate.
  • #463
  • Aug 12, 2021 6:50am Aug 12, 2021 6:50am
The EJ started the week on the bench and has now returned to the bench, after a few scout trades. Any other thoughts please let me know. For me, it stays on the bench until the triangle is cleared. It still has a "leaning south'" feel to it, but it's not moving well enough to warrant any more of my time. Good trading everyone!
\
Attached Image (click to enlarge)
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  • #464
  • Aug 12, 2021 7:07am Aug 12, 2021 7:07am
Quoting GEfx
The EJ started the week on the bench and has now returned to the bench, after a few scout trades. Any other thoughts please let me know. For me, it stays on the bench until the triangle is cleared. It still has a "leaning south'" feel to it, but it's not moving well enough to warrant any more of my time. Good trading everyone! \ {image}
Hi GEfx,
Thank you for your time. It's in my watchlist and it's ranging incredibly. So nothing from me. But it's likely to push up again a little. I really appreciate your posts.
Wish you whatever you want
  • #465
  • Aug 12, 2021 9:31am Aug 12, 2021 9:31am
I was reading the Cable thread. There're lots of buyers trying to buy the bottom when the jobless claims and PPI data is good. Weird right ? What else to expect as algo keep hitting new low.

Now take a look at UCAD. If the trader wants to try catch the proverbial falling knife, in this case a strengthening dollar, then do some homework first to find the correct pair to make such an attempt with clear algo level and intent. If it works with Cable it should work also work with Loonie. Check your chart, compare GBPUSD with USDCAD to see what I'm talking about.

Moral of the story, if we're calling a bluff ourself do it with a chance that it may work out. Not with outright bluff.

Still in with the last no sense bluff.
Attached Image (click to enlarge)
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Know what you trade
  • #466
  • Aug 12, 2021 9:40am Aug 12, 2021 9:40am
Quoting Ihlas
{quote} Hi GEfx, Thank you for your time. It's in my watchlist and it's ranging incredibly. So nothing from me. But it's likely to push up again a little. I really appreciate your posts. Wish you whatever you want
I've been expecting the EJ to fall. Today I've been selling G$. I'll wait for a bread of 129.40 to move back to the EJ. Good trading!
  • #467
  • Edited Aug 13, 2021 5:28am Aug 12, 2021 10:30am | Edited Aug 13, 2021 5:28am
hi
  • #468
  • Aug 12, 2021 10:54am Aug 12, 2021 10:54am
EJ update: Now watching for a break below 129.40. The strongest move in the last few days. No trade yet.
Attached Image (click to enlarge)
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  • #469
  • Edited 1:58pm Aug 12, 2021 10:58am | Edited 1:58pm
This came from with the confluence of 1M and 5M TF. 5 MIN target won't be taken (crossed the zone: Will be taken) . Likely
Attached Image (click to enlarge)
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  • #470
  • Edited 1:24pm Aug 12, 2021 12:02pm | Edited 1:24pm
Quoting GEfx
{quote} Today I've been selling G$.
First target is 1.3803, then 1.3768'ish. Loaded up with 3 trades on this thing, protecting about 70 pips with a stops at 1.3835.

Edit: moving stop to 1.3822. Getting late in the morning.
Edit2: moved stop to 1.3815, as PA came within 3 pips of my limit.
Edit3: Limit at 1 3807 just hit. All trades out now.
  • #471
  • Aug 12, 2021 4:17pm Aug 12, 2021 4:17pm
Quoting GEfx
{quote} First target is 1.3803, then 1.3768'ish. Loaded up with 3 trades on this thing, protecting about 70 pips with a stops at 1.3835. Edit: moving stop to 1.3822. Getting late in the morning. Edit2: moved stop to 1.3815, as PA came within 3 pips of my limit. Edit3: Limit at 1 3807 just hit. All trades out now.
Its been short for quiet a while, post 309 although I've noticed I drew in the correct first order block target, just wrote it down wrong.
Waiting on 1.37773
EJ still long for me.
  • #472
  • Aug 12, 2021 4:19pm Aug 12, 2021 4:19pm
[quote=deanyakobs;13665360]


Mate, can you remove the link otherwise we'll end up in commercial, thanks.
  • #473
  • Aug 12, 2021 5:19pm Aug 12, 2021 5:19pm
Quoting moodybot
{quote} Its been short for quiet a while, post 309 although I've noticed I drew in the correct first order block target, just wrote it down wrong. Waiting on 1.37773 EJ still long for me.
Right. I'm looking for entries now to take it on through to 1.3768, then 1.3730'ish. PA obliterated the target at 1.3803.

I took at look at BWilliam's CAD trade today. I was a buyer on a break above 1.2525 or so. After reviewing it, his was a gutsy and good notion on the sell.

Still have the EJ on the bench. Only 20 pips to a sell.
  • #474
  • Aug 12, 2021 8:44pm Aug 12, 2021 8:44pm
About the Cad trade, it's a good example how algo and fundamentals interplay. There were 2 clear contradicting conditions on the table - fundies were good for strong dollar, algo wants to take out low this hour. This presents the opportunity for bet to call the bluff at day high. Short it with 6 lots and get out at the break in volatile market.

This is a good example of knowing the technical BUT requires the GUTS to take on the bluff. Without guts this opportunity goes abegging. The reason for that quick dip low was algo math intent. This is the reason why I posted this trade.
Know what you trade
  • #475
  • Edited Aug 14, 2021 12:23am Aug 13, 2021 5:29am | Edited Aug 14, 2021 12:23am
[quote=moodybot;13665719]
Quoting deanyakobs
Mate, can you remove the link otherwise we'll end up in commercial, thanks.
DONE
  • #476
  • Aug 13, 2021 7:05am Aug 13, 2021 7:05am
Quoting deanyakobs
{quote} Nopes Bilal Thou WILL FIND Best Regards {image}
hoping you will find it similar to Mr G charts
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"Exchange of hands"
  • #477
  • Edited 11:37am Aug 13, 2021 10:05am | Edited 11:37am
Retracement trading on the G$ this morning, now holding for the next target at 1.3865. Same trade in the E$, now holding for target at 1.1807. Stops are tight but some room to maneuver. The EJ remains in its funk and might be on the trade list next week. And it looks like BWilliam's CAD trade has come to life this morning. Well done! Good trading everyone!

Edit: The G$ target at 1.3865 has been hit. now targeting 1.3872, but I am out at 1.3868. The E$ target is still open, but I think I'll jump our now at 1.1803. EJ is feeling frisky and is back down to about 129.42, continuing to lean south. End of the week for me. Hope you all have a good weekend.
  • #478
  • Aug 13, 2021 2:45pm Aug 13, 2021 2:45pm
Regarding the EJ, and for anyone who is still following this discussion, we finally saw the break south that this pair has been signaling for most of the week. Not saying this is going to be a persistent move south, but it does prove that is you are listening to the bankers' narrative, they eventually follow through. I will go into next week with a bias south.
Attached Image (click to enlarge)
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  • #479
  • Aug 13, 2021 4:42pm Aug 13, 2021 4:42pm
Quoting GEfx
Regarding the EJ, and for anyone who is still following this discussion, we finally saw the break south that this pair has been signaling for most of the week. Not saying this is going to be a persistent move south, but it does prove that is you are listening to the bankers' narrative, they eventually follow through. I will go into next week with a bias south. {image}
Well done.
One win one lose for the week.
Always difficult to call out live trades.
For me that's still 50/50 based on the bankers.
Trade well.
  • #480
  • Aug 13, 2021 5:50pm Aug 13, 2021 5:50pm
Quoting GEfx
Retracement trading on the G$ this morning, now holding for the next target at 1.3865. Same trade in the E$, now holding for target at 1.1807. Stops are tight but some room to maneuver. The EJ remains in its funk and might be on the trade list next week. And it looks like BWilliam's CAD trade has come to life this morning. Well done! Good trading everyone! Edit: The G$ target at 1.3865 has been hit. now targeting 1.3872, but I am out at 1.3868. The E$ target is still open, but I think I'll jump our now at 1.1803. EJ is feeling frisky and is back...
Hi GEfx

I was trading E$ last night and was watching the bankers load up long at 1.1795 for about 40 minutes so I expect a bullish week next week. Interesting when they closed for the week, it ended exactly at their accumulation area so perhaps a base they will work of next week.
For E$ lovers like myself, it was a week to consider a bullish bias ahead is on the cards and a trading week where a holiday was more useful option than trading aggressively the small time frames like I do.

Next week I expect fireworks with E$ so hold onto your mouse for some hopefully wild action.
I will be trading with any big volume moves, or fade the disinterest if that occurs.

Cheers
Trading thin liquidity at the boundary of the charts
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