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Flying Dutchman

  • #2,621
  • Aug 24, 2022 9:07pm Aug 24, 2022 9:07pm
Quoting whitesta
Yes when it fluctuates above and below the DOL then it gets hard to actually analyse.
Hi whitesta, I realised I've spammed Andy's thread. So, you continue with the rest of the folks. I take a step back from posting. Cheers
Know what you trade
  • #2,622
  • Aug 24, 2022 9:17pm Aug 24, 2022 9:17pm
Quoting BWilliam
{quote} Hi whitesta, I realised I've spammed Andy's thread. So, you continue with the rest of the folks. I take a step back from posting. Cheers
I am pretty sure Any doesn't mind. Ur inputs are very valuable.
  • #2,623
  • Aug 24, 2022 9:30pm Aug 24, 2022 9:30pm
Quoting BWilliam
{quote} Hi whitesta, I realised I've spammed Andy's thread. So, you continue with the rest of the folks. I take a step back from posting. Cheers
Where abouts are you spamming? I'll check it out!!
  • #2,624
  • Edited 11:00pm Aug 24, 2022 10:30pm | Edited 11:00pm
Quoting BWilliam
{quote} Hi whitesta, I realised I've spammed Andy's thread. So, you continue with the rest of the folks. I take a step back from posting. Cheers
Hope we keep getting ur input. And also from the other experienced traders. Looks like we might have some explosive movement in GBP/YEN pair. Its has been quiet so far in the Asia session.
  • #2,625
  • Aug 25, 2022 4:04am Aug 25, 2022 4:04am
Not an easy day for GBP/JPY as price is fluctuating above and below DOL.
  • #2,626
  • Aug 25, 2022 4:53am Aug 25, 2022 4:53am
Quoting whitesta
Not an easy day for GBP/JPY as price is fluctuating above and below DOL.
I don't like GJ much now it tends to barcode a lot more than last year. AJ by comparison gives better trends.
  • #2,627
  • Aug 25, 2022 4:58am Aug 25, 2022 4:58am
Quoting bluesteele
Lines in trading.. Like all aspects of trading books could be written just on the subject of lines and how to use them. As Viktor said and we all know pictures say alot. And as I had mentioned to Viktor statements etc can all be fudged and altered.... But what cant be altered is the charts...So if you want to learn or understand better or entertain different ideas charts of others are great tools. So here are some charts that lay out 2 hard set data points. Time and Price... Now time is set in stone..The opens of the London Stock Market and the...
Chart 9 ( one from bottom) - what triggered that short from the top - a level or pattern or both?
I am still poring over these charts and enjoying it in a masochisitic sort of way
every Saint has a past. Every Sinner has a Future
  • #2,628
  • Edited 8:45am Aug 25, 2022 5:28am | Edited 8:45am
Quoting whitesta
Not an easy day for GBP/JPY as price is fluctuating above and below DOL.
There's only one short trade opportunity in early London session when market traded above wol. It happened fast so requires prepared anticipation of this trade, and trust in macro analysis that market will trade below wol - same "blindness" issue. There's a pullback entry more than an hour later. Cheers

Edit - whitesta, I forgot to mention. We're looking for 50pips or more move.
Know what you trade
  • #2,629
  • Aug 25, 2022 6:33am Aug 25, 2022 6:33am
Quoting turnip15
{quote} That's a lightbulb moment for me but PFH - Past something( F ) High?
EDIT: Peak Formation High.....found it in a post by 148....thanks
every Saint has a past. Every Sinner has a Future
  • #2,630
  • Aug 25, 2022 9:28am Aug 25, 2022 9:28am
@Bluesteele

Dax 1 Minute.
Hindsight Chart.
May have messed up here. Other than the one minute FVG trade, I could not find anything else. In fact the ranging nature of Dax from 8 to 10am UK time might have chopped me up.
The higher time frame analysis down to 5 minute show possible trades after my finish time of 10am ( My 8am to 10am morning shift on Dax)
Should I use the one minute to trade within the FIVE minute?
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GER30_2022-08-25_15-22-30_62ba2.png Size: 140 KB
every Saint has a past. Every Sinner has a Future
  • #2,631
  • Aug 25, 2022 9:45am Aug 25, 2022 9:45am
Price returning to UK Open Line ???
( Saw reference to this in a post by Bluesteele a while ago)
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #2,632
  • Aug 25, 2022 10:17am Aug 25, 2022 10:17am
Quoting whitesta
Not an easy day for GBP/JPY as price is fluctuating above and below DOL.
Same short trade at wol NY session. Same "blindness" issue. More volatile, more fear, more "blindness".
Know what you trade
  • #2,633
  • Aug 25, 2022 10:18am Aug 25, 2022 10:18am
Quoting whitesta
Hi Timetells, Beautiful trade with extra entries. I also got a trade but in totally different direction. It did work out though. Price now has just broken the Fridays high. On the button and reversing slowly. All well structured. Not random at all. Algo or whatever it works well. Trade well all. {image}
Hi W
Is this the sort of things you look for in trading Forex ?
(Ignore the Channel - I am fitting ideas from this thread to it elsewhere)
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #2,634
  • Edited 12:23pm Aug 25, 2022 11:58am | Edited 12:23pm
Quoting turnip15
{quote} A bit like this B ? I have probably missed something and not sure how this 5 min FVG will assist me. But I will watch it carefully. Thanks for your comments. most appreciated {image}
Hi Mate

No matter what method are you looking at it will work some time and no at others time, read from the books of renowned traders from which people has derived and made them public on FF, whether;

- Roadmap - A Way To Read Markets

- 5M structure - GBP/USD M5 Trading

- Volume / delta

- Daily open line to high/low

- Weekly COT report Analysis

- Simple 3 Candle Swing MTF Alignment - Trend Reversals

- and many many more of FF

all above methods to trade are mentioned in Larry William's books, and a lot more stuff if you browse, read from the source.


Yet all above methods will fail make you lose, if you dont:
control your risk per trade in terms of % of equity as per signature of bluesteele, "The Best Loser Wins".... , i have learnt this from Profitfarmer


and to accomplish above you must control oneself i.e., psychology
greed, change in trade plan, discipline, emotions.

without any of the above you cant think of winning, choose the method that suits you.

I have chosen ICT
Attached Image (click to enlarge)
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regards
bilal
"Exchange of hands"
  • #2,635
  • Aug 25, 2022 12:38pm Aug 25, 2022 12:38pm
Quoting turnip15
{quote} Hi W Is this the sort of things you look for in trading Forex ? (Ignore the Channel - I am fitting ideas from this thread to it elsewhere) {image}
Later that day
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_2022-08-25_18-36-58_0d194.png Size: 138 KB
every Saint has a past. Every Sinner has a Future
  • #2,636
  • Aug 25, 2022 12:59pm Aug 25, 2022 12:59pm
Quoting BWilliam
{quote} Same short trade at wol NY session. Same "blindness" issue. More volatile, more fear, more "blindness".
Bwilliam it's now a tug of war between your 161.37 level and the wol,interesting.
  • #2,637
  • Aug 25, 2022 1:33pm Aug 25, 2022 1:33pm
Quoting bilal1947
{quote} Hi Mate No matter what method are you looking at it will work some time and no at others time, read from the books of renowned traders from which people has derived and made them public on FF, whether; - Roadmap - A Way To Read Markets - 5M structure - GBP/USD M5 Trading - Volume / delta - Daily...
I currently use "Roadmap" and seek to utilise any posts here to improve my trading with it.
every Saint has a past. Every Sinner has a Future
  • #2,638
  • Edited 7:50pm Aug 25, 2022 6:51pm | Edited 7:50pm
Quoting whitesta
Hope we keep getting ur input. And also from the other experienced traders. Looks like we might have some explosive movement in GBP/YEN pair. Its has been quiet so far in the Asia session.
Hi whitesta, let me explain why dol and wol are important lines in the sand.

What you've learned is that technical analysis has to be anchored to a reference point for it to be meaningful. This universal reference point is dol and wol for intraday trading, dol, wol, mol for intra week trading.

The price we trade is the value of the currency pair. We are looking for circumstances of over and under-valuation which will correct itself to fair value. Therefore, you must have a fair value of this currency pair that you trade. You also must have over and under valuation boundary reference point.

By now you will have noticed that market price will rise and fall between this high low boundaries. This cycle repeats every trading day giving trading opportunities.

This high low boundaries are marked by dol, wol and George targets. For intraday trading, you mark h4 targets which are at least 50pips away. There's only one target when market move towards one direction.

There's also this concept of buy and sell hemisphere which is demarcated by time. Look at the chart again, rewind your memory to see this market transit from buy to sell hemisphere vv. Some hemisphere are short, some long, some extended. Learn to recognise these hemispheres. Simple logic says buy in the buy hemisphere vv, you are less likely to go wrong.

Remember to be aware there's this blindness that hit every trader. Learn to recognise when you become victim. Learn how to detox yourself.

You will notice by now, everything hinge on a solid and reliable macro analysis. I have not touch on this topic. There're thousand of strategies that's claimed to work. I call bs - I don't agree. You will also notice by now I use a strategy that anticipate future market - value intent. We're trading the future. Cheers
Know what you trade
  • #2,639
  • Edited 8:40pm Aug 25, 2022 7:26pm | Edited 8:40pm
Quoting whitesta
Hope we keep getting ur input. And also from the other experienced traders. Looks like we might have some explosive movement in GBP/YEN pair. Its has been quiet so far in the Asia session.
Hi whitesta, let me continue.

You will notice by now, I don't use typical forum jargon in my post. Because those jargons are nonsense. I also don't repeat typical forum narratives, again those narratives are nonsense. I dedicated a post that I repeated don't let other people give you their understanding of the market. You make the choice to accept or not. If you do, you're accepting other people's understanding, narrative, fear, blindness and nonsensical assumptions altogether. I can advise, the choice is still yours.

I notice that most people don't have this mental fortitude to reject other people's nonsense. Somehow adults magically turn kids to blindly accept nonsense from others when simple logic tell them this can't be true, it's easy to recognise a fairy tale, but for some weird reason adult traders can't.

How to recognise a fairy tale?

Tell it to your non- trading neighbour. Show them your chart with the snaking high low ma. Tell them, here is support, here is resistance. There's stop loss clusters here and here. There are orders sitting here and there. Market goes up here to take out the stop loss. They will think you've gone mad.

If you don't stop accepting other people's madness, you're a victim of grossly misleading narratives. Remember, you made this choice to follow the crowd. Your choice, your responsibility.

Either you join the crowd. Or reject mad nonsense, start from a clean slate, do your own research build your own trading kingdom, stop thinking nonsense that others gave you. Question everything. The worse blindness is to lose your logical and rational thinking, you lose your right to think. Again your choice. Your responsibility. Cheers

*** I know this controversial post do offend other people. It's my opinion. And it's important I make this post to raise awareness.
Know what you trade
  • #2,640
  • Aug 25, 2022 7:41pm Aug 25, 2022 7:41pm
Quoting BWilliam
Last technical question, since you know the adr is 179pips and market traded lower, when did it occur to you that market will take out the early day low of 161.158 and trade below 161? Read my series of posts above about "blindness", were you a victim? What's your emotion during those moments? My questions are designed to make you think about what to think in real time market, or what most traders fail to think.
Hi whitesta, I waited 2 days to see if you recognise this important question. Ponder deep why this is a very important question. Cheers
Know what you trade
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