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  • #2,941
  • Sep 2, 2022 9:42am Sep 2, 2022 9:42am
Quoting spzd
{quote} I reduced my boxes to 1 hour/4 candles starting at the hour of the equities open. Makes it easier for me to see things. The orange horizontal lines are the new highs and lows being formed as price moves. The purplish boxes are to demonstrate how price moves in boxes. None of this is exact science. It comes close enough for my purposes. Look for repeatable signals.
Those Boxes remind me of Darvas. Remember him :-)
every Saint has a past. Every Sinner has a Future
  • #2,942
  • Sep 2, 2022 11:51am Sep 2, 2022 11:51am
Since I shoot for 50pips or nothing, I trade at day high or low mostly. EU hit day high after Nfp had no option but to value lower. Last value trade for the week.

Enjoy your weekend everyone, cheers
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Know what you trade
  • #2,943
  • Sep 2, 2022 6:11pm Sep 2, 2022 6:11pm
Quoting BWilliam
Since I shoot for 50pips or nothing, I trade at day high or low mostly. EU hit day high after Nfp had no option but to value lower. Last value trade for the week. Enjoy your weekend everyone, cheers {image} {image}
Why can't the EU have any option to value higher?

Although it is in buy hemisphere at dol and wol, it exhausted its range for the day ultimately failing to value higher at pwol and settled around the starting price for the day.
The market hides a perfect geometry.
  • #2,944
  • Edited 10:35pm Sep 2, 2022 9:14pm | Edited 10:35pm
Quoting FulMargnAlch
Why can't the EU have any option to value higher? Although it is in buy hemisphere at dol and wol, it exhausted its range for the day ultimately failing to value higher at pwol and settled around the starting price for the day.
I made the comment here, days ahead before it happen. Throughout the week, E$ was doing just that.
Quoting BWilliam
E$ has to contend with pwol.
When G$ and the rest of the majors traded strongly against usd the hour after nfp, this fall is on the card. Go watch your sitcom come back at the right time, chose whichever pair hit the sell button at the right time. From where they came there they shall go. This is how the professional traders move market. This is value trading that watch closely their move and follow.

What if I told you this has all the ingredients of candlestick pattern and time factor in it?

I told, I trade candlestick pattern, very deep and important tool but not the no basis assumption candlestick pattern per se you were told. Candlestick pattern that's connected to the value of the currency pair that reflect real world economy and monetary policy. That's the difference, and a huge one.

I can only tell on forum to stir your thoughts, try open your eyes, disturb your comfort zone, stretch your boundary. Htf did this arsehole BWilliam know all that ahead of time as usual? I came from the time when there was no Internet to indoctrinate this current narrative in my head. Cheers

Quoting FulMargnAlch
After all that, price will now reverse from no man's land. We are all gonna be poor.
Since you knew all that selling is "fake" why didn't you trade it? Why do you gain divine awakening to know about something with confidence "after" a painful experience, the key word "after" under all types of circumstance, it's always "after" ? Why do you place trades that you know nothing about, and not place trades that you are confident that you know?

My questions are not directed at you, but for everyone who read this thread. ALL of us have this same experience.

The answer is, the years of indoctrination has taken it's toll, so embedded in your subconscious you lost your ability to recognise what has happened to you as a result of years of reading books, watch videos, read forum and thousand hours chart staring. Your hard line rejection has become a part of you. So many more rush into this indoctrination of the pattern mindset.

Should I make this post or not that make others uncomfortable ? Cheers
Know what you trade
  • #2,945
  • Sep 2, 2022 9:43pm Sep 2, 2022 9:43pm
Quoting spzd
{quote} EJ Two possible entries in the London session zone. First was approx 25 pips the second about 50 pips. Since this is not an exact science price does not need to be sitting right on a BRN. The 2nd entry was just below the 140 BRN. {image} The Highs and Lows are dynamic as you move through the day. By looking at price being in a box you can see the new daily Highs and Lows being created. {image}
Hi spzd, Thanks for the reply. i Just saw it now. Always see it after it has happened..lol. I may not have taken the first trade as it was early in London session so chances of fake move. Second trade was a good one, W formation and RN. Have to learn to see these in real time.
  • #2,946
  • Sep 2, 2022 10:16pm Sep 2, 2022 10:16pm
About G$, everyday this week this pair traded much lower than pdl. Except Friday, when all the majors weaken against dollar NY session it barely broke low and close higher. Why?
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Know what you trade
  • #2,947
  • Sep 2, 2022 10:57pm Sep 2, 2022 10:57pm
Quoting BWilliam
{quote} I made the comment here, days ahead before it happen. Throughout the week, E$ was doing just that. {quote} When G$ and the rest of the majors traded strongly against usd the hour after nfp, this fall is on the card. Go watch your sitcom come back at the right time, chose whichever pair hit the sell button at the right time. From where they came there they shall go. This is how the professional traders move market. This is value trading that watch closely their move and follow. What if I told you this has all the ingredients of candlestick...
That is good, I want this.

I am an open minded person and I want my opinion to be challenged, I want to develop my trading. Just continue wrecking my assumptions.
The market hides a perfect geometry.
  • #2,948
  • Sep 2, 2022 11:16pm Sep 2, 2022 11:16pm
Quoting BWilliam
About G$, everyday this week this pair traded much lower than pdl. Except Friday, when all the majors weaken against dollar NY session it barely broke low and close higher. Why? {image}
Perhaps because of the two columns established by Bank of England.
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The market hides a perfect geometry.
  • #2,949
  • Edited Sep 3, 2022 5:26am Sep 2, 2022 11:16pm | Edited Sep 3, 2022 5:26am
Hi all,

Just wanted to let it off my chest. I watched the market yesterday from Asia open to around NY open. There are many ways to trade as shown by experienced traders here. Well to be clear i saw trades after it happened which is the case for many traders. On that i would totally agree with BWilliam that blindness is what is holding most of us. Psychology is another reason. We are just scared to take the trade or take the loss cos we are just not confident with our analysis. We see spikes and enter at times when there is really no setup or what we had planned for. Trigger happy as they say. We are just not patient enough to let the market come to our marked lines. I am also suffering from all these as i have my set up and tell myself that i will only enter at certain times and only after there is a setup and with other confluences BUT when its live trading it just goes out the window. From what i have seen thus far by reading comments and replies from traders here is that, Two things are set in stone. Time and RNs. Its how we trade around them is what gives us success or failure. Opens are extremely important. This is when the market tends to move or react more especially during London Open, NY Open and US Equity Open which is hour and half after NY Open. Its good to mark first 3 hours in London and NY session. Once you are able to mark the Hs & Ls within a session then it becomes easier as u can trade from outside of this. Hs & Ls keep changing and around RNs it has more weight. 25s, 50s, 75, 00s. Take a look and you sill see the picture. Ms and Ws formation helps with entries. Targets are lows and highs, DOL, WOL, MOL, etc. The fluctuations are just to confuse traders. Spikes up and down forces us to enter. The issue is that we only see it in hindsight. While watching markets live at times we tend to concentrate on unnecessary stuff. Practice to just enter at certain times. As i said that first 3 hours of London & NY open is more than enough. I was watching the EUR/CAD chart live for few hours yesterday till NY open. I just didn't see the trade watching live and got frustrated. BUT this afternoon after resting my eyes i checked again and saw a clean trade during LON session and another clean one an hour after US Equity open. These 2 were clean ones cos had good confluences. There was another one, one hour after NY open. Being conservative the net pips could have been 80 to 100 pips with just one pair. Not saying its always going to be same all the time but look for best setups in maybe 3 or 4 pairs. By just choosing 2 or 3 pairs gives us more info on how certain pairs behave. Just to stress again that i am still learning from the traders on this forum and i still see things after it has happened but i have also placed some good trades by following the info here. Have a look at the chart (EUR/CAD). Its easier to get more details when we see charts. Its just what i saw with what i have learnt from this forum. Appreciate the input by traders like Bluesteele, Timetells, SPZD, Moodybot, BWilliam and others. I do understand that you guys trade live but appreciate that you still have time to post comments and charts to help others. I am not even tarding part time but have learnt quite a bit and after so many years am seeing things better, believe in my analysis, know when to place trades, see my setup clearly. YES majority of the time i see it after it has happened but i do know that why it happened, matches the time i had analysed for it and around the confluences mentioned before. Next big step is to see when it is happening LIVE. Still not losing hope yet. If it was that easy then as per stats there wouldn't be over 70% failures and i am being generous with that figure. Yes i am frustrated but just felt that sharing my experience will make me feel a bit better.
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  • #2,950
  • Edited Sep 3, 2022 12:31am Sep 2, 2022 11:48pm | Edited Sep 3, 2022 12:31am
Quoting whitesta
Hi all, Just wanted to let it off my chest. I watched the market yesterday from Asia open to around NY open. There are many ways to trade as shown by experienced traders here. Well to be clear i saw trades after it happened which is the case for many traders. On that i would totally agree with BWilliam that blindness is what is holding most of us. Psychology is another reason. We are just scared to take the trade or take the loss cos we are just not confident with our analysis. We see spikes and enter at times when there is really no setup or what...
Hi whitesta, every trader go through this same experience.

On this thread you get the benefit of experienced traders talk Forex market. You get insights how we see and trade this market. You collect knowledge.

However, in live market there's another real time aspect which have to see it live and put on your trades. Real time is the hardest step for everyone. This can only be learnt by practise. I suggest another avenue if you are willing. Post your real time chart analysis and trade opportunities, the good, the bad and ugly. Experienced traders can give you pointers, suggestion and feedback direct at your analysis and trades. This can help shorten your learning curve. Cheers
Know what you trade
  • #2,951
  • Sep 3, 2022 2:35am Sep 3, 2022 2:35am
Quoting Ihlas
Obviously there are many ways to skin. But someone shouldn't lose the grip on reality. Posted in Cable thread (I don't know when, obviously before December 21), realized cable came to that zone https://www.forexfactory.com/attachm...3?d=1642947758 And according to this next target is: {image}
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  • #2,952
  • Sep 3, 2022 2:50am Sep 3, 2022 2:50am
Quoting Ihlas
{image}
Nice Ihlas

Here's more, Bitcoin. What volume?
https://www.forexfactory.com/thread/...8#post14031208
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Know what you trade
  • #2,953
  • Sep 3, 2022 3:33am Sep 3, 2022 3:33am
Quoting whitesta
Hi all, Just wanted to let it off my chest. I watched the market yesterday from Asia open to around NY open. There are many ways to trade as shown by experienced traders here. Well to be clear i saw trades after it happened which is the case for many traders. On that i would totally agree with BWilliam that blindness is what is holding most of us. Psychology is another reason. We are just scared to take the trade or take the loss cos we are just not confident with our analysis. We see spikes and enter at times when there is really no setup or what...
I know how you feel. I struggled with over trading. I followed a good method which required one to buy on a break of a moving average channel and a buy for the opposite. Close trade if price breaks other side of channel. Easy - well not for me: Every time the one minute or five minute bar flicked up or down within channel I would bail and try another entry. My chart was soon filled with trade indications showing the many trades I needlessly took and the account suffered. It took a while to discipline myself to wait and watch price do its thing. It was very hard to do - knowing what to do then ignoring it and letting emotion take over. I looked at the trades I should have kept and saw I would have been okay had I not chopped my account to bits with needless closes and entries. Patience and discipline - so hard for me to learn. I am now taking pieces from this thread and looking at them. I still need my previous approach to focus need for action but the other elements on this thread such as time and levels etc serve as a valuable overlay to locate myself in space ( where price is in the bigger scheme of things.)Trading for real is a different mindset from demo as I found out.
Keep going and you will get there. This thread is a goldmine.
every Saint has a past. Every Sinner has a Future
  • #2,954
  • Sep 3, 2022 4:23am Sep 3, 2022 4:23am
Quoting whitesta
Hi all, Just wanted to let it off my chest. I watched the market yesterday from Asia open to around NY open. There are many ways to trade as shown by experienced traders here. {image}
Draw a recent H4 - FVG, see from where price exactly has turned.
"Exchange of hands"
  • #2,955
  • Sep 3, 2022 8:02am Sep 3, 2022 8:02am
Quoting BWilliam
{quote} FMA, I am telling the basics about OLs on forum. Just scratching the surface. Think deep and read my posts carefully. {quote}
I am. Intrigued even more from blob's post than Merlin's..
The market hides a perfect geometry.
  • #2,956
  • Edited Sep 4, 2022 1:11am Sep 3, 2022 10:04am | Edited Sep 4, 2022 1:11am
Quoting whitesta
Hi all, Just wanted to let it off my chest. I watched the market yesterday from Asia open to around NY open. There are many ways to trade as shown by experienced traders here. Well to be clear i saw trades after it happened which is the case for many traders. On that i would totally agree with BWilliam that blindness is what is holding most of us. Psychology is another reason. We are just scared to take the trade or take the loss cos we are just not confident with our analysis. We see spikes and enter at times when there is really no setup or what...
Hi whitesta, that's why I take the trouble to make so many posts that address this topic about blindness. That's not talked on FF or anywhere.
https://www.forexfactory.com/thread/...7#post14110537
https://www.forexfactory.com/thread/...6#post14110556
https://www.forexfactory.com/thread/...9#post14110619
https://www.forexfactory.com/thread/...7#post14110927
https://www.forexfactory.com/thread/...4#post14110944

Successful traders found ways to overcome to a degree this blindness that hit them as well, none is spared. The most common strategy is to isolate themselves from the full impact of blindness by limiting their interaction with the market, via selecting their preferred narrow market niche thereby creating tunnel vision.

Successful traders don't necessarily know this Forex market better than the average trader. What differentiate them from the rest is their discovery of this blindness state, and found the method to train their mind to apply their own tunnel vision solution. If there's a secret this is it.

Therefore, the gateway to success in this business is tunnel vision - a partial solution that work. This same gateway caused the high failure rate.
Know what you trade
  • #2,957
  • Sep 3, 2022 11:04am Sep 3, 2022 11:04am
This thread is a goldmine, I stopped reading long ago, then make crazy chart stuff just to realize that i am completely blind , now again continue from where i stoped..i felt exactly like Whitesta described...
Make your own rules and stick to it.
  • #2,958
  • Sep 3, 2022 1:43pm Sep 3, 2022 1:43pm
Quoting charli86
This thread is a goldmine, I stopped reading long ago, then make crazy chart stuff just to realize that i am completely blind , now again continue from where i stoped..i felt exactly like Whitesta described...
Indeed, it is a goldmine. BW helped me to see better on why George says there is no trend and it is an illusion and also why Wyckoff said the patterns are just a coincident.
  • #2,959
  • Edited Sep 4, 2022 3:10am Sep 3, 2022 10:07pm | Edited Sep 4, 2022 3:10am
Hi guys, it took me a while to figure out how to communicate to readers on FF that the reason behind the high failure rate in this Forex business is not poor trading strategy, bad indicators or patterns, high leverage, bad money management, lack of trading capital, indiscipline or weak psychology.

It's is this blindness state.

Members jump from one strategy to the next in search of the holy grail indicator, pattern or strategy. Tell me the secret when to buy and sell, I'll be rich. That's what everyone think. They follow and devote themselves to trading Gurus for years hoping that they learn their strategy secrets from piecing together the gold nuggets.

None of the above will help members become successful themselves. Even when the strategy is revealed completely in detail.

This is why many of us do find strategies that work in our testing work with history charts. Indicators work, patterns work on history chart. But when applied in real time, traders fail. Notice I said traders fail, not the strategy fail.

So we're told to blame the man in the mirror, ourself. We blame our mindset, our weak psychology, which opens up the business for psychologists to sell their books. Ofc many members praise and swear by such books, they're golden or so they say.

Did any of this stuff help you become a successful trader?

Don't blame the next member whom you think they spout nonsense on FF that misled you, wasted your time. Pls stop, this activity won't help you. They are not to blame.

To me, the blame rest solely on this blindness state. If you are not aware of it, you are a victim no matter how many years of trading experience. Harsh truth that hurt.

If you seek to be a successful trader, then put your blame finger on this blindness state. If you are already successful to some degree then expand your success to the fullest potential by understanding your source of success, ie. tunnel vision.
(Why boast of your success on FF? A 'champ' who has no idea why he's winning. Silly kid-like adults don't get far. You don't get paid for your brags on FF, didn't you figure out this simple stuff?)

This is my contribution on FF. I made these posts to try help members find your own way. I was helped by others too, a thousand helping hands along my journey that showed me the way. Dont try become someone else. Be the best trader you can be. My charts show you what is possible, thats the purpose why I posted them.

Remember this and try understand this,

the best indicator, pattern and trading strategy is the one that directly address YOUR blindness state in real time.

(I have 35tools,12vertical lines, 3horizontal lines on my phone, plus candlestick and candlestick patterns, and clock reference to help me combat all forms of blindness state that I am aware of - tells you how bad a trader with no talent I am. This is the constant battle I fight every trading day.)

Enjoy your journey, may you find success and best wishes to everyone. Cheers

This rock guitar gives the exquisite touch to a soul music. Enjoy with your headphones.

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  • #2,960
  • Edited Sep 4, 2022 12:35am Sep 3, 2022 10:19pm | Edited Sep 4, 2022 12:35am
Quoting BWilliam
Hi guys, it took me a while to figure out how to communicate to readers on FF that the reason behind the high failure rate in this Forex business is not poor trading strategy, bad indicators or patterns, high leverage, bad money management, lack of trading capital, indiscipline or weak psychology. It's is this blindness state. Members jump from one strategy to the next in search of the holy grail indicator, pattern or strategy. Tell me the secret when to buy and sell, I'll be rich. That's what everyone think. They follow and devote themselves to...
Thank you BW for sharing your precious time and knowledge here especially addressing the mindless/blindness state.

Your charts really helps because a picture is worth a thousand words as I was reviewing this weekend.

Here you are talking about the algo bluff but primarily focuses on price intent.

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