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Flying Dutchman

  • #2,661
  • Aug 26, 2022 2:13am Aug 26, 2022 2:13am
Quoting whitesta
yes the profit margin was small. But what i am still confused about is that 161.37 became a barrier after the trade was taken. Price stalled there in London and US session. Or am i missing something?
You wrote this the day before.
Quoting whitesta
Also a pullback near the 161.25 to 161.37 mark as u stated. That was a good region to get in if we wanted to Buy.
This same region will be remain a good buy region again the next day. That's why we must be wary what happened days before. And the reason why we concentrate on a few pairs only, recording our real time analysis.
Know what you trade
  • #2,662
  • Edited 4:08am Aug 26, 2022 2:18am | Edited 4:08am
Quoting BWilliam
{quote} You wrote this the day before. {quote} This same region will be remain a good buy region again the next day. That's why we must be wary what happened days before. And the reason why we concentrate on a few pairs only.
Spot on.. I totally forgot about that region, which was a buy zone just yesterday. Thanks again.
  • #2,663
  • Edited 3:11am Aug 26, 2022 2:59am | Edited 3:11am
GBY/JPY is still in the range of 37 pips...slow day by any means. So far price doesn't wana rest below the DOL. And then it goes South...lol
  • #2,664
  • Aug 26, 2022 4:13am Aug 26, 2022 4:13am
GBP/JPY - PFL, London Open, Previous Day Low. Straight to WOL.
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  • #2,665
  • Aug 26, 2022 4:48am Aug 26, 2022 4:48am
Quoting whitesta
GBP/JPY - PFL, London Open, Previous Day Low. Straight to WOL. {image}
Nice. Besides the successful trade, do you feel your trade make sense now?
Know what you trade
  • #2,666
  • Edited 6:04am Aug 26, 2022 5:11am | Edited 6:04am
Quoting BWilliam
{quote} Nice. Besides the successful trade, do you feel your trade make sense now?
I will give the details of why i placed that trade. The first thing was that there was room to move since price had only travelled 37 pips in the Asia session. The second was that the price was staying above the DOL most of the Asia session. There were targets on the left when price came down. They were also Thursday lows. Price took out those and then back up above the DOL. PFL, London open, were other confluences. Start of second hour in London session was a good time for placing trade too. My first target was the WOL and second was the US high previous day, 3rd was yesterdays high. What i have learnt thus far is, closely watching DOL and WOL for intra days. Also the Daily Range, Targets. For this trade i just realised that price was going to stay above and trade higher than DOL. Lots more to learn when there is lots of fluctuation around the DOL but a good start i'd say. Willing to learn though.
  • #2,667
  • Aug 26, 2022 5:21am Aug 26, 2022 5:21am
Quoting bilal1947
JPY is a pair i dont like lets see - 3 pip SL - targeting 161.225 SL Hit {image}
GJ - goes 10 pips against me hit SL and towards tp shy of 5 pips, and i am long (70+ pips)
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"Exchange of hands"
  • #2,668
  • Aug 26, 2022 5:34am Aug 26, 2022 5:34am
Quoting whitesta
{quote} I will give the details of why i place that trade. The first thing was that there was room to move since price had only travelled 37 pips in the Asia session. The second was that the price was staying above the DOL most of the Asia session. There were targets on the left when price came down. They were also Thursday lows. Price took out those and then back up above the DOL. PFL, London open, were other confluences. Start of second hour in London session was a good time for placing trade too. My first target was the WOL and second was the...
Ok, watch GY at 162.10-20 real time.
Know what you trade
  • #2,669
  • Aug 26, 2022 5:51am Aug 26, 2022 5:51am
Overall long GJ, shorted with a 3 pip SL at 162.09
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"Exchange of hands"
  • #2,670
  • Aug 26, 2022 6:02am Aug 26, 2022 6:02am
Quoting bilal1947
Overall long GJ, shorted with a 3 pip SL at 162.09 {image}
Why did you short at 162.095 please Bilal?
every Saint has a past. Every Sinner has a Future
  • #2,671
  • Aug 26, 2022 6:06am Aug 26, 2022 6:06am
Quoting whitesta
GBP/JPY - PFL, London Open, Previous Day Low. Straight to WOL. {image}
Where is the LO on your chart please and what time do you mark it as...8am etc?
Thankyou W
every Saint has a past. Every Sinner has a Future
  • #2,672
  • Edited 9:57pm Aug 26, 2022 6:08am | Edited 9:57pm
Quoting turnip15
{quote} Why did you short at 162.095 please Bilal?
GJ - D1 - nothing but an old FVG extend it out in time, price has sharp memory
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"Exchange of hands"
  • #2,673
  • Aug 26, 2022 6:27am Aug 26, 2022 6:27am
Quoting bilal1947
Overall long GJ, shorted with a 3 pip SL at 162.09 {image}
Scale in:
1st and 2nd Entry (26 pips = 16 + 10 pip), partials on long and holding.
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"Exchange of hands"
  • #2,674
  • Aug 26, 2022 7:34am Aug 26, 2022 7:34am
Price spiking about at time of writing.

Previously - I lost the first two trades maybe because of trading down to previous low with not enough room for profit?

Third trade successful since bouncing off Previous Low and thro FVGap ?

Comment welcome on these short term trades.
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every Saint has a past. Every Sinner has a Future
  • #2,675
  • Aug 26, 2022 7:39am Aug 26, 2022 7:39am
Quoting bilal1947
{quote} GU - D1 - nothing but an old FVG extend it out in time, price has sharp memory {image}
.....And if you get a NEW FVGap - would that NEW Gap then become your OLD FVGap ?
Thanks
every Saint has a past. Every Sinner has a Future
  • #2,676
  • Aug 26, 2022 7:44am Aug 26, 2022 7:44am
Quoting whitesta
I will give the details of why i placed that trade. The first thing was that there was room to move since price had only travelled 37 pips in the Asia session. The second was that the price was staying above the DOL most of the Asia session. There were targets on the left when price came down. They were also Thursday lows. Price took out those and then back up above the DOL. PFL, London open, were other confluences. Start of second hour in London session was a good time for placing trade too. My first target was the WOL and second was the...
And when you're bored, you crave for some excitement then scalp for the dopamine rush. Feels good. Seconds must be better still.
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Know what you trade
  • #2,677
  • Aug 26, 2022 7:58am Aug 26, 2022 7:58am
Quoting turnip15
{quote} .....And if you get a NEW FVGap - would that NEW Gap then become your OLD FVGap ? Thanks
Price has only two tasks to do:

- it sweeps prev swings
- it fills the fvgaps

while creating new fvgaps performing the above is how the algo works, following the fundamentals or against them i.e. manipulation... algo behave in same fashion in it very nature.

However, you may notice fvgs in all the time frame even in seconds chart say 15 seconds or 5 seconds and onwards going higher, a HTF can act as support/resistance or can be filled watch for price action once price reach those levels keeping your bias what you believe price will follow the manipulation or the fundamentals.

coming to your question:
HTF gaps are useful for later times, even filled whereas LTF gaps ones once filled, perhaps to filled more orders, i.e., job done, notice H1 fvg of JPY how price bounce there today.

IT becomes more powerful when filling a fvg / or using then as support/resistance while raiding a prev swing.

Prev swing of daily/weekly/monthly are important.

you will still fail if you ignore to follow the other two piece of the puzzle, i draw your attention in my earlier post.
https://www.forexfactory.com/thread/...2#post14113622

regards
bilal
"Exchange of hands"
  • #2,678
  • Aug 26, 2022 8:02am Aug 26, 2022 8:02am
Quoting bilal1947
{quote} Scale in: 1st and 2nd Entry (26 pips = 16 + 10 pip), partials on long and holding. {image}
shorts closed already.

time to long with (8pip SL now set to BE)
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"Exchange of hands"
  • #2,679
  • Aug 26, 2022 8:25am Aug 26, 2022 8:25am
Quoting BWilliam
Ok, watch GY at 162.10-20 real time.
Is it possible to know the future market before a single trade is executed?

This is the key zone for NY session. Above or below?
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Know what you trade
  • #2,680
  • Aug 26, 2022 8:31am Aug 26, 2022 8:31am
Quoting bilal1947
Overall long GJ, shorted with a 3 pip SL at 162.09 {image}
GJ (140+ pips)
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"Exchange of hands"
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