{quote} I don’t see crypto trading as being better than forex trading, I just know it’s more profitable by a mile and very easy to trade. Cheers
- #1,643
- Jun 6, 2022 9:45pm Jun 6, 2022 9:45pm
- Joined Sep 2015 | Status: Trader | 2,516 Posts
Trading thin liquidity at the boundary of the charts
- #1,644
- Jun 6, 2022 9:57pm Jun 6, 2022 9:57pm
- Joined Sep 2015 | Status: Trader | 2,516 Posts
Trading thin liquidity at the boundary of the charts
- #1,645
- Jun 6, 2022 10:33pm Jun 6, 2022 10:33pm
- Joined Dec 2018 | Status: Trader | 4,597 Posts
{quote}
Hi Pete We need to accept that we need to alter our strategy (only if slightly) for each market type we trade.
We have to be flexible to succeed
Thats provided Pete doesn’t choose to be a Whale for a while.
Hi Rick,
You might be just slightly missing my point, for me it's not about flexibility creating success, it's really about priorities.
BW actually nailed it, and I did remember the post he had made ages ago on the very subject, but here's his update today.
{quote}
Time is a limited resource.
We have to use it in the best manner to achieve our trading goal.
5. Time
Pete, we are all different. In different phase of life. Our choice changes with time. Cheers
Our personal choices, for all of us, I call them priorities, will change over time.
Maybe any trader wishing to migrate from currency/indicies to crypto should do BWs 5 Stages psyche examination on themselves and what they really understand about themself and what they are actually seeking from trading.
As we each examine our internal personal motives and therefore reasons for change, then each of us will know if it is the right move for them.
Which is why I post there is =
"not one way to trade the markets, and certainly not one way is the only way to trade the markets".
All these discussions for me are great, and hopefully for others also, thinking about their own trading life and lifestyle and it may assist someone else reading
to examine deeply their reasons for wanting to do, well anything, in their lives.
Cheers
(edit snagged some on GJ now
might post more later)(double edit: Lol Rick but cheers, I'm certainly no whale in my eyes)
I was asleep in NY as always, I like my 8hrs lol, no trade for me there. {image}
You call on the chart : DIRECTION SWITCH.
or when direction switch ?
and add that with 'NEVER ASSUME' mind-set
Very difficult and very simple at the same time
I KNOW now, the biggest enemy is myself
ME vs ME
The market always NEUTRAL and SHOW IT HANDS
If i have no prejudice
and willing TO WAIT
Cha ,,,, cha
{quote} I don't wait for going down, I think I knowthat today's price can't go above Friday's H. So I can enter where I want as soon as I know where the price goes, but I try to enter H for less drawdown. IMHO it's all about direction. Averaging is also one way.
Always hunting for pips, even in the dark
- #1,650
- Jun 7, 2022 12:51am Jun 7, 2022 12:51am
- Joined Dec 2018 | Status: Trader | 4,597 Posts
{quote}
Hi TimeTells, Yes after creating a high (GBP/JPY), there was a bearish intent candle. More pobability for the price to go down and it did. It went right up to previous day high. I was looking for it to reach Day Open but its still in play. Lets see what London Open shows us. Happy Trading All.
It's definately been a wild ride, W, the Yen has been weakened solidly against the Pound for the past 10 trading days and went sky high yesterday (shake-out, who knows?) even whilst their PM was under a stability cloud for their country so imho it's just a sh!t show lol
if you know what I mean (ie a real pea & shell game at present on this pair).Every positioner is probably trapped now (both buyers & sellers) while scalpers have been able to sneak in & out at some opportune moments to take a few sardines out of the bowl. Don't focus too hard on what I will say now, as it won;t mean too much, but I traded south on the bounce just after the 08:22 (1 minute candle) in a rejection of what I guessed (that's all) earlier might become a rotational target at the 165.850.
{quote}
And once they ran up to the first rotational target above, at 165.850,
it was no surprise then to see them go up the extra to take out (Kevs fave lol) Big Round Number.
Where to now. Who knows, not me.
Sit & wait again & watch, while all the real action might probably take place tonight around NY when I will be in the cot snoozing once again. If Andy were around he would probably remind me that the full determination outcome of what is being setup here could take place late this Thursday (again, that stuff DOESN'T really matter, as we can only trade in the moment AS it all is happening).
I love watching this stuff on the charts and what they do. If crypto is a very well programmed 'computer game' then maybe forex currency is a 4 move ahead chess style of game. That doesn't make one better or worse, just different.
all the best
- #1,651
- Jun 7, 2022 1:01am Jun 7, 2022 1:01am
- Joined Dec 2018 | Status: Trader | 4,597 Posts
{quote}
I was looking for it to reach Day Open but its still in play.
Nice call, it did get close eh
- #1,652
- Jun 7, 2022 4:30am Jun 7, 2022 4:30am
- Joined Nov 2020 | Status: Trader | 2,634 Posts
US500 reached the target, if some magic happens today, EURCHF is next.
- #1,653
- Jun 7, 2022 3:33pm Jun 7, 2022 3:33pm
- Joined Dec 2018 | Status: Trader | 4,597 Posts
Goodness me 
After been banned from ryu's thread, and then re-instated
I see after Kev's helpful post to ryu this morning about his anger issues
That we have been banned yet again (on again off again ?).
https://www.forexfactory.com/thread/...7#post14024537
Plus I also had some helpful advice for ryu as a follow up from Blue's
I will have to post it here for ryu and in good faith.
.
After been banned from ryu's thread, and then re-instated
I see after Kev's helpful post to ryu this morning about his anger issues
That we have been banned yet again (on again off again ?).
https://www.forexfactory.com/thread/...7#post14024537
Plus I also had some helpful advice for ryu as a follow up from Blue's
I will have to post it here for ryu and in good faith.
.
- #1,654
- Jun 7, 2022 5:29pm Jun 7, 2022 5:29pm
- Joined Sep 2015 | Status: Trader | 2,516 Posts
Not sure if you guys really understand what ryuryu’s up to.
Why does he want a reaction and to what benefits does it offer him?.
Some people are totally phenomenal traders when they are emotionally aroused, perhaps some people want to trade hard
and furious because it ain’t all about money!
Its about ………………..
Why does he want a reaction and to what benefits does it offer him?.
Some people are totally phenomenal traders when they are emotionally aroused, perhaps some people want to trade hard
and furious because it ain’t all about money!Its about ………………..
Trading thin liquidity at the boundary of the charts
- #1,655
- Edited 5:44pm Jun 7, 2022 5:29pm | Edited 5:44pm
- Joined Dec 2018 | Status: Trader | 4,597 Posts
The grind went on again in NY
Inflection in green, targets still over & under.
Wait, watch & see.
(edit)
.
Inflection in green, targets still over & under.
Wait, watch & see.
(edit)
Only because I have been following the GBPJPY with great interest over the past 11 days and saw the NY session provided another good smile when I opened the charts this morning after my 8 hrs of rest.
(I can never trade NY because I am fast asleep in bed at the time).
Ryan Adams https://www.youtube.com/watch?v=XCeOnCPeVMc
.
- #1,656
- Jun 7, 2022 5:34pm Jun 7, 2022 5:34pm
- Joined Dec 2018 | Status: Trader | 4,597 Posts
Not sure if you guys really understand what ryuryu’s up to. Why does he want a reaction and to what benefits does it offer him?. Some people are totally phenomenal traders when they are emotionally aroused, perhaps some people want to trade hard
Fair enough.
Maybe ask him why HE came onto Andy's thread first then around pg 51 and started it all off.
Plus ryu has yet to publically apolgise to Andy for posting (twice) that Andy infiltrated HIS Discord group and caused mayhem when that is not true.
Best ryu has concrete eveidence to present in support of his posts in future before making false accusations.
Honestly, I reckon a public apology to Andy would go a long way to restoring faith & rebuilding bridges.
However, his last post I see shows he has no remorse, about anything.
And so, sadly, it all continues.
- #1,657
- Jun 7, 2022 9:04pm Jun 7, 2022 9:04pm
- Joined Jan 2020 | Status: Membership revoke | 2,332 Posts
Know what you trade
- #1,659
- Jun 8, 2022 4:59am Jun 8, 2022 4:59am
- Joined May 2010 | Status: Straight line Fest | 3,194 Posts
{quote} Hi Rick, Fair enough. Maybe ask him why HE came onto Andy's thread first then around pg 51 and started it all off. Plus ryu has yet to publically apolgise to Andy for posting (twice) that Andy infiltrated HIS Discord group and caused mayhem when that is not true. Best ryu has concrete eveidence to present in support of his posts in future before making false accusations. Honestly, I reckon a public apology to Andy would go a long way to restoring faith & rebuilding bridges. However, his last post I see shows he has no remorse, about anything....
