Flying Dutchman

I trade indices...mostly...before that I always traded Yen pairs especially GJ.
Anyways have been dipping back into the Yen pairs when opportunity is there and I see it.

So heres a few trades...yesterday netted over 400pips...GJ was a trade I held to the BRN 162
but look at my charts...see the 3 levels of rise ..3 levels of fall...3 days 3 levels 3 15M pushes...
As I and Moodybot have said pay attention to the 3s...Its part of the market mechanics.

Where was this trade taken from well a rejection of the 165 level...I sold on the intial formation
of a PFH but that pattern developed all the way into London and London was the better setup. But I
fortunate and wasnt stopped out.

UJ trades....again of the initial PFH in Asia after 3 levels of rise...see a pattern ? 3 levels of 25 pips whereas
GJ was 3 levels of 100 pips..therefore I aim for more with the GJ.
UJ targets.....daily opens..the 4th I manually closed the trade at the open price as price stalled too long for my liking...My initial target was the prev day high
which was hit but not until the 5th and I dont like holding trades outside of the trading day.... the 5ths target was the daily open..and expected dollar value of my trades I use....

UJ 4th trade was nice TL break...I dont trade TL breaks that often..But I was there saw it and it was textbook perfect...With a break and retest..or a HOOK as I like to see.

Anyways...No Moving averages...No volume strictly highs lows levels and time used...although I do use moving averages with my indice methods.

Hope this helps some by seeing how the market behaves around DOL BRNS 25s 50s 75s 00s etc... all part of traders toolbox.

Cheers
Blue

If anyone can't see what you have shown us so far then perhaps they should consider to dump trading and look for something else. I think you have shown us more than enough.

EU target of interest is yesterday's High
Really got tired of phone calling to various countries, better concentrate on something else.
Good luck in solving the jigsaw puzzle

Class act Kev, 4 days work in one session

Yep, and if anyone would like to some IB links, you can find them once again in Interactive.

That is exactly what I said. You don't understand how market works. Your marks on the chart make to sense. There were no volume at the moment of your "smart" entry. And IF you entered there THE PICTURE will be another! Because every trader can impact the market even with your 0.01 lot size. But I forgot you don't know it because you trade 50 lot sizes on demo yeah.

But if once you will try to go live please spend 2 minutes a day learning how market works instead of posing all that nonsense. That will help a lot.

Anyway I don't want to discuss it here. As for me it is just great if all the traders will draw lines instead of making researches and use math. More dreamers, gamblers and fancy line drawers - more profits for me.

As I said I want only that you and your clowns stop calling me in this thread.

Crypto markets you mean lol. And from what you tell me they are NOT really what I call proper markets.
It is hard to understand any market - that actually isn't a proper market.


So, to me ryu
your crypto market sounds a bit like this

I go to ryu supermarket to buy some groceries. Which are NOW at the right price. A good price. I am at the perfect time for this price.
I meet ryu outside his supermarket and ryu says sorry their is NO cashier to take your money.
What! I tell ryu that I have plenty of money in my pocket to spend.
But ryu says I cannot spend my money now, the ryu supermarket cannot take my money, there is NO cashier, I have to wait for THEM to arrive lol.

So I wait outside ryu supermarket, and I wait & I wait.
ryu says a loud bell will ring when the supermarket has enough money in the till for me to buy
so I wait some more and the ryu bell rings
but now there are 1000 other customers all running to ryu supermarket when they hear the bell
and ryu supermarket is now packed with shoppers and it is battle to get my food off the shelves in the rush of very hyperactive shoppers lol

ryu then tells me NOW I only have 58 seconds to get all my shopping done, until the ryu supermarket money runs out and the next bell rings.
i ask ryu when will that bell ring. ryu says he doesn't know, we have to just wait again.

i say to ryu this is not really a supermarket, this is a more like a sh!tmarket, sorry
(ryu agrees with me)


Now the difference,
a Forex real market
108 pips today GBPJPY
I choose when I want to enter (just before Franky)
Shelves were full of "groceries".
I sold as much as I wanted, then cashier has the money for me when I want, no questions asked AND plenty of cashiers
then I go and have some nice dinner, yum
I come back later. WHEN I want
Buy some more groceries, plenty on the shelves, many cashiers, no waiting, no 58 second limitation lol, no other agitated shoppers around me

A good market imo. Forex.
A real market.



Yes you are correct ryu, I don't know markets.
Just not the coin (non) markets.


(ryu, didn't you call me to your room first with your post - do you remember so maybe we can speak again soon if you want to keep in touch )

and

I am only taking the p!ss out of you ryu
(edit" sorry, its an old aussie phrase means having my fun with you)

have a top night over there in jungle-land, my day is over, all just relaxing now

I can mentor crypto traders for 5 BTC Not mentoring, but I will open your eyes within 15 minutes Maybe 5 BTC for each eye
Why are crypto traders are aggressive?Because they trade aggressively?

This is how my trading bot looks like:

This is dashboard to check all 50x assets to trade:


I have created em myself and I'm using live real volume data for my trading.

And you. You are using DRAWING TOOLS.

And you know how market works, and I don't. Ok, why not. I'm sure you are absolutely right. Keep drawing!

Would you mind not advertising your products on this thread.
The commercial Crypto forum is elsewhere.
Thanks.

Thanks all of you that have been helping others, thinks are very clear now.
Really appreciate your effort and time spent explaining things
kind regards

Nice data chart, thank you, I AM a data guy from way back and I quickly assess such things when I can see them, nice work.

However, I do think you might be trying a little too hard to overplay your victim game with me, again .
It is quite funny when folks twist reality backwards.

(I remember an ad on tv in Oz where a little girl spills a glass of milk and when her mummy asks her how the milk was spilt she says “the cow did it”
- there were very few good ads developed by those silly agencies, but that was one).

Now I won’t dwell on it, but
it was actually YOU ryu that said that it was “I don’t know how to trade” first
As I only use my lines.
You will remember that you began it all, surely lol.
(I can show you your posts if you like, they are here on THIS thread.)


But I wander from the topic, again, and the sun is shining in Brissie this morning, so I am very happy.


Firstly, if I may, let me tell you a quick story (well hopefully, lol).
About my time with ONLY data and how I was able to expand my horseplaying by just adding simple observation.

I won’t do all this so much to help you, as I know you don’t require it, I can see that from your charts & data,
but it MAY help other coin-traders to see how the crypto market is exactly ‘organised’
just the same as the Forex market (and the Gold, and Indices too).

I do not show this to change folks from one trade-medium to another
but just to indicate to everybody the full REALITY of what we are all trading in, and its correct perspective
So when we trade we all KNOW that our playing field - is highly CONTROLLED.
Plus I always say at this point, because I BELIEVE IT, that this is NOT a bad thing. It is just REALITY.


This post is already expanding just like GBPJPY did yesterday
after I suggested it would on the 1m CHART PIC attached to the post
https://www.forexfactory.com/thread/...2#post14056072
from exactly its Inflection Point before Franky into an imminent breakout that then occurs where all a trader is required to do is to emulate

“Running with the Bulls”

Like the folk in Pamplona Spain will do, this week actually, and the first for some time since the breaks for covid.

SO, my best wishes to ALL at the San Fermin Festival for a safe & wonderful fun few days.

(btw ryu I used to play cards for small money in the early 90’s with two other guys - one was a Spaniard and one was a Frenchman and the way the two of them talked AT each other had me in stitches laughing till tears ran down my face - so I have heard almost every putdown and this is maybe why ryu conversations to me don't bother me, they bring back some good memories from around 30 years ago).


I will post up a
15m chart on Ethereum
for folks where we can see exactly the Same Market Mechanics that I can see on Forex charts.

The chart will cover an
EIGHT (8) HOUR PERIOD

On one of the largest of the coins
ETHEREUM, so PLEASE
I BEG lol


do not tell me that I could not trade the chart as THERE IS NO MONEY for my trade.


but
I will now have to split up this post as it's already too long lol and I haven’t even YET told ryu my data plus observation story.
SO

(Interval, whew, back after brekky)

Part 2 for ryu, who tells me a trader CANNOT trade successfully from a horizontal line against the masses of computer generated data now available.


But first let me take him back a few decades for context lol.

I had amassed my own generated massive data on horses back in the 80’s which flourished AFTER the arrival of the home PC (personal computer), as prior to that in the 70’s I had to use a filing card system , written in pencil for any changes made which was so time consuming you wouldn’t believe it these days.

I wrote my own DOS-based computer programs in a C++ language derivative (Clipper) which provided me an *.exe program which I could then run for both data entry & data retrieval (the fun part). Lengthy programs, and I was pretty proud of myself as I taught myself how to code and did not attend any courses.

The first PC I had was an 8088 clone
(there was a faster chip at the time the “8086” that the Mac used but I went down the ibm-clone path as it had MORE games software available lol).

When I coded on the 8088 chip and then COMPILED the code it would take
HALF AN HOUR lolol
for the compile to complete so I used to just go off & watch a ½ hr tv show while waiting.

If I then got an error message and had to debug my code I knew it would be “another” half an hour to recompile lol. So I got pretty good at writing “better” code and I debugged extra now BEFORE compiling lol to avoid as best I could getting a new error message, and a subsequent compilation of code.

Then came the 80286 chip, man how good was that, recompiling after any errors (not so many now) including the addition of any new menu options I created had the compile DOWN to just TEN minutes (a cup of tea time only)

When the 80386 chip came out the compile time was down to about 2 minutes maybe (or less) and the 80486 chip complied instantly in front of my eyes
(and I wonder if I would have been a much lazier coder if I had started my coding right at the faster 80486/Pentium era but, who knows hey).

So, the DATA.

I had between 6 to 8 variables for each horse, then extra variables for each individual RACE as the race also had to be assessed for its own inherent quality before any meaningful data could be extracted about the horses that competed in that race.

So DATA was king to me.

It was the bees-knees, where other punters using just simple newspaper form guides were not in the same ballpark that I had (and MANY other serious punters too of course). It was the days of actually ATTENDING the racetrack, none of this punt on your phone from a BBQ style that all can do nowadays lol ).

Out AT the racetrack, fresh air, and the smell of the horses was the thing I loved the most, and I loved the horses, they were living breathing entities.

NOT like an inert candle growing but stuck inside an (evolving yes) mt4 chart output which I now have .

I miss those racetrack days, as I used to also go and ‘talk’ to the horses before the race, the ones I had assessed I mean at having better chances in the upcoming race (by my data) than the bookmakers would put up and offer to punters on their boards later


And don’t get me talking about the wonderful fractional odds like 6/4 (before the days of betting decimalisation came in for the now $2.50 price etc) where I was able to run my eyes down a full betting board and convert those fractional odds in my head into percentages eg 6/4=40% and then ADD UP in my head ALL the percentages to see how the race compared to a 100% parity price race (most bookies bet to around 115%, which was their edge) but some bookies made errors as the betting all unfolded and might give you a 105% raceat some point in the flurry where there was now a 10% advantage already.

BUT THOSE AMAZING DAYS ARE GONE lol and I accept that and I sure don’t bemoan for the good ol days , I actually left horseracing when the Chemists took over the game, like weasals hiding in the background, injecting their rubbish into the poor horses prior to the races.

That stuff jagged up ALL my real data into just nonsense making it untenable to continue - such is life when greed & mischief come into play with money at stake
(I had already catered for the instances where a horse was “pulled up” ie not allowed to run on its merits as that could easily be numerically & data overcome, but a winner of a race, injected with some sh!t just jagged up the data on EVERY OTHER horse that finished behind that winner - so game over )


I write some of My Experiences here firstly as it is good memories for me (now at 70 lol)

but for ryu so that I might shake him up in his basement where he might STILL think a

simple horizontal line

is just baseless against the masses of data he will sift through to find his 58 seconds of opportunity to trade the coins, where I can assure him lol that I have put a few years now into forex and everything I have studied is as deep & complex as the way I used to treat my horse racing data.

ryu just sees that a line has NO data attached or behind it. But that is NOT a reality.

The market mechanics, which are tradeable to, around, and from a target line are very well assessed & thought out and why many traders in ALL areas use PRICE which when looked at ON a chart can be followed from the right hand axis of the chart back to the left where it then forms a horizontal line.

But Where, we as traders, place OUR price/line targets is what differentiates one from ANOTHER.



Splitting the post again, lol. Sorry ryu, but I will get there (I have no data printouts like you, so I must talk the data story lol),
thank you for discussing & showing your data in detail with me, and I am pleased for the opportunity you gave me to share my data story with you


Next,
data AND observable actions

PLUS THE ETHEREUM CHART
(Interval, talking to the dog time lol)

Market Mechanics....All you ever need to know regarding market mechanics can be extrapolated of these charts I am sharing.

Look at the 5M chart of UJ yesterday July 6...

Pay attention if you like

July 6 Asia immediately takes out prev day lo July 5,,
July 6 UK then takes out Asias new low....
July 6 US then takes out UK low at..wait for it a BRN 135 and picture perfect PFL with a DB.

Where does the US go right back up to also take out the Asia/and day high... BOOM
WHERE AT ???? A BRN 136.... 25s 50s 75s 100s..... just another coincidence today I guess.

OH WAIT... July 7(charts) Asia takes out Prev day high (NY)
WHERE AT ???? A BRN 136.....At the Asian open...hmm just another coincidence....

There are many ways to trade the markets..some better than others... My best advice is to find something that
resonates with you and make it your own. BUT BUT BUT You will be more profitable if you learn to understand the
markets daily intentions..

Ive got nothing to sell...only to pass on what legitimately works as our time is precious....Ive gone down the indicator
rabbit hole..there are none...the best indicators are your brain and eyeballs... Hope these charts help someone see a little clearer.

Now I will wait and see what UK does maybe takes out Asia high ? and in the morning I will trade the US open

Cheers
Blue

8088 ... it revived my memories of using Dos based dbase and Word Perfect.

Guess 3 TARGET from TARGET LINE-1 to TARGET LINE-3 with the goal of making our guess as close as possible to two-thirds of the average guess of all those three trading style in the real time market.

To think about this puzzle (myself), suppose there are three trader in general a.k.a market participants) who guessed TARGET-1, TARGET-2 and TARGET-3 respectively. The average guess would be the TARGET LINE-2, two-thirds of which is TARGET-1, so the person who guessed TARGET-1 would win ( BUT, what IF MM Algo model KNOW third degree trader guess about TARGET LINE-1 but FADE THAT TARGET (as over/under value zone)

As trader, consider what one will call a zero-level trader.
He says: “I don’t know. This seems like random walk. I will just pick any TARGET at random.” Lots of trader guessing a TARGET between TARGET 1 to TARGET 3 at random will produce an average guess of 50.

How about a first-level traders?
They says: “The rest of these traders don’t like to think much, they will probably pick a any Target line at random, averaging 50, so I should guess TARGET 2, two-thirds of 50.”

A second-level trader will say: “Most traders will be first-level thinkers and think that other traders are a bit dim, so they will guess the TARGET . Therefore I will guess TARGET 3.”

A third-level thinker: “Most players will discern how the game works and will figure that most traders will guess TARGET 3. As a result they will guess TARGET 1.” (again, what if ALGO MATH code FADE that target or is it just my unaware FOMO ??)

My bad interpretation and 'sexy' English
Learn to refine my gramatical structure.

Feelin' nuts to think third degree level
extraterestrial things
give up or continue

my devil whispering slowlly, f*ck up your mind
your overthinking
follow only charts

ofc, sir G target and MM pshyco is the best 'two in one' in my world only with his mighty HORIZONTAL line.
just tryin' add 3rd level in my imagination, about third level thinking from sir BW
so, someday the the three become ONE.
just one trade a day with my 0,01 lot
too ambitious i think.

Hi simnz good to see you back sir. Cheers
They were the DAYS yes, but certainly not the good ol' days now that we have much greater technology

Hi Simnz, lets join the club. May you 'invite' your hidden friends here like Copi88 and neilsdigest

I just pretend my English is the best here
uuups

Part 3 ryu, I'm done sir, thank you for your patience.

DATA plus OBSERVATION
Not just the one,
not just the other
combining of the two


Sorry ryu, this has to go back to horseracing again for you to UNDERSTAND my meaning in its full context.


One of the variables I used for horse DATA back then was to measure the physical distance from the winning horse to ALL other horses in the race (well out to 8 lengths behind the winner actually, horses behind that distance didn’t get a dataset from me for that race, but that is not the important part).

The IMPORTANT part I found was this.

The raceclubs did provide the margins behind the winner for us, but (like forex tick data I imagine) they were not ALWAYS accurate.

Some Aussies from back in the day might remember the pink Sporting Globe newspaper that came out twice a week. Included in that excellent rag they had in the middle a double-full-page liftout of a photograph of each race at the Turn home, and AT the Finish Line. So it was then possible to measure a horses length from the winner, what each horse finished behind the winner, and then convert that margin of lengths into kilograms (by then lol, it was lbs earlier) as each length was established to equate to 1½kgs, an easy data conversion.

When the analogue VHS cassettes came out I tried them but as I had to watch each race for the number of times that there were horses in the race (12 horse races were a nightmare on VHS lol) with all the tape rewinding tape and finding the exact point of return with no visual output on the TV other than the whirring of the tape machine back to a small number dial on the tape machines readout. A Nightmare.

But when the digital era arrived (yee-hah) this became a breeze as the full rewind picture was NOW visible on the TV and you could easily stop at any rewind point you wanted. It changed the game for us video watchers lol.

The PRINCIPLE of OBSERVING the horses run to the wire was still the same whether analogue or digital and was then something that made the FLAT only DATA of a photograph, well obsolete.

What would it be. Do we have an idea in our minds at this point what the major difference might be.
Doesn’t matter, as I tell you.

Say a horse with the same skilled jockey, the same weight, similar barrier at the start, similar or lack of any interference in the race that might have cost it ground. Then if TWO horses finished the exact SAME distance behind the winner then both their DATA RATINGS for the race would be the SAME. Logically.

And that was the eye-opener (literally, BY watching the race over & over lol).

Each horse finished the same margin behind the winner yes. BUT the MANNER IN WHICH both horses physically ran to the line ie a desire to compete, any late acceleration, a straightness of tractability (some horses will run with heads to one side looking at the crowds who are then LOL yelling back at the horse to ‘stop looking’ around and start running straight).

Well all those things were NOT an apparent DATA variable when Flat Data Photograph Ratings were used.

By that I mean I could more readily now assess two horses who printed the SAME DATA from the same race that were NOT the same when it came to considering a future race by their in-race behaviour.

The horses with greater finishing acceleration compared to ones who were stopping at the end might have a ‘future’ advantage (all other things being equal).

So I started doing then what I called … "DATA-PLUS" …the Plus part being my own Observations.


How does that translate to forex.

Well that is up to each trader, but I would suggest HOW and with what MOMENTUM, just for one single example, that price might arrive at an MA (or a Pivot, OR a Target etc) could be DIFFERENT.

And also then looking at the current market structure and market behaviour could provide a different added perspective to the trader who might be considering to trade at THAT point.


To me ALL DATA is therefore not the same (even with the crypto data maybe) yet our indicators, like with my horses, might appear to be the same at the time of assessment.

So traders imho need to have a bigger picture than what has JUST happened especially on the 1 min chart where I make my entries. Tho I can occasionally with observation ‘find’ an extra 1-1½ pips lol BY entry to help OFFSET any spread & commish which is just the cost of doing my business and of not such great importance to me. Where price goes NEXT is my main consideration.


I’m done now with the DATA ryu, done now with the OBSERVATIONS, so let me post up the Ethereum 15m Chart from yesterday.

I assume data-only traders will say I can’t see any data, Chart Analysts like myself and then the Technical Analysts and also the Fundamental Analysts will ALL look at the SAME chart SLIGHTLY DIFFERENTLY and in their own way no probs.

And that’s the rub with trading, from what perspective (or perspectives) are we each examining a chart to PLACE our trade, regardless of having the same data.


Chart
The Black text, top right with "x" shows the date & time reference of the Green (but visually to me a Delta-Sell candle). And from THAT point on for the next TWO hours approx there are Market Mechanics & Target Trading setups in tranches of three, with a final fourth as some gravy (for Kev).

The Thick Black Horizontal Line Targets are all KNOWN IN ADVANCE as they were formed on the runUP of price over on the left of the top of the chart reversal. Those were my already printed (George) Swing Targets that price will take out on the following run DOWN of price back from where it came.

And the setup could be traded individually or just the WHOLE damn lot traded in one big sweep (cheers to Jason for reminding this great possibility to extend past my one-by-one target scalping).


Let’s hope there was SOME money inside the Ethereum Supermarket that would have allowed profit from the picture perfect setups that were on this chart when I looked at it last night.

Do you have that liquidity data ryu ?

.

Simply a superb set of posts Pete.

Puts into perspective Ryu's copying of Rick and complete misunderstanding of market behaviour.