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Flying Dutchman

  • #3,201
  • Sep 9, 2022 1:41am Sep 9, 2022 1:41am
Quoting Viktor
{quote} Sooner or later, big interbank volume will move lots of currency around round numbers, also 25s and 50s, lol. Yes, the are like "targets", but having the correct timing at the right time, is "the secret". Anyway, sometimes they can be helpful for probabilities, confluences and gauging. Also, remember all USD crosses (majors), well, are against the USD, so HAVE to be synched to values that often find confluence in-between. And then we have the minors, also derived from them, with synthetic triangulations. You can place many lines at different...
Did this information helped your trading?
The market hides a perfect geometry.
  • #3,202
  • Sep 9, 2022 2:00am Sep 9, 2022 2:00am
Quoting FulMargnAlch
{quote} Did this information helped your trading?
Now? 10 years ago? Why? It's only another tool, that (if you read well) sometimes worked and others didn't...

And if you're talking about the Foreign Exchange Market, of course it helped: it gives you perspective, and refines expectations
... partially revealing "mysteries", connecting some dots.

There's nothing more with wanting to know more. Everything counts.
  • #3,203
  • Sep 9, 2022 2:04am Sep 9, 2022 2:04am
Quoting Viktor
{quote} Now? 10 years ago? Why? It's only another tool, that (if you read well) sometimes worked and others didn't... And if you're talking about the Foreign Exchange Market, of course it helped: it gives you perspective, and refines expectations ... partially revealing "mysteries", connecting some dots. There's nothing more with wanting to know more. Everything counts.
Can you show charts that you are using this?
The market hides a perfect geometry.
  • #3,204
  • Sep 9, 2022 2:17am Sep 9, 2022 2:17am
Quoting FulMargnAlch
{quote} Can you show charts that you are using this?
Helps with understanding. Not all knowledge is enterally "practical". Same as talking about "the ONE ALGO above all", while trying to find a reason of why currency pairs magically move and correlate as they do. Aren't you a curious person? Many people lack that.

And I'm not only talking about trades and charts, so you could stop picking that single part, cause I won't post them. Anyway, the overall answer to this is in my posts.
I'm simply not doing that with my time right now (I'm not trying to prove anything about my hypothetical trading).

Also, some loved members here tend to write a lot of text as well, without charts involved when the want to express thoughts.
I'll say it again: it's also a place of discussion.
  • #3,205
  • Edited 2:39am Sep 9, 2022 2:25am | Edited 2:39am
Quoting Viktor
{quote} Helps with understanding. Not all knowledge is enterally "practical". Same as talking about "the ONE ALGO above all", while trying to find a reason of why currency pairs magically move and correlate as they do. Aren't you a curious person? Many people lack that. And I'm not only talking about trades and charts, so you could stop picking that single part, cause I won't post them. Anyway, the overall answer to this is in my posts. I'm simply not doing that with my time right now (I'm not trying to prove anything about my hypothetical trading)....
I see. I thought you are here to improve your trading, like a child curious for things, wondering, and learning all the way.

But it seems you have all the answers about trading. Congratulations.
The market hides a perfect geometry.
  • #3,206
  • Edited 3:40am Sep 9, 2022 2:48am | Edited 3:40am
Quoting turnip15
{quote} Well -you obviously like the sound of your own "voice" but I have no problem with your desire for attention and empty rhetoric, I can, as many others no doubt will, skip your posts in the search for practical discussion of price movement etc. Hindsight is good -it is better than "no sight" in discussion. Journaling trades is fine if accompanied by charts and explaination; a picture is worth a thousand words, as they say. We all know that real progress comes when learning from hindsight posts or forecasts, translates into application at the...
"Obviously"? My "desire"? Like an absolute fact? So am I some sort "attention seeker"? Those are strong words/assumptions, hehe. And you couldn't be farther from reality. There's simply not purpose for me in that. The few members who know me a little more, for sure consider that's not the case. If it was, then I would participate much more in this forum, instead of leaving for weeks or many months from time to time.

I agree with you regarding posting charts being better than nothing. But you know, including loses (that inevitably occur to any trader) is also good. And yes, with EXPLANATIONS is better. Additionally, some traders (very very few) also post setups/entries beforehand, or while they unwrap; that's beautiful!
And in the case you continue imagining things about me: nothing is because I want "free signals" (typical response); neither there is danger because of "sneaky brokers", lol. I pursue it for better clarity among a shared interest between everyone here.

"There is room for everybody in a room; it doesn't mean you have to converse with them". Yes, you said it, everybody (unless the thread's OP decides the contrary). And, is it up to you to tell me what to do? And for me to follow? Lol. As I've already said, sometimes I like to chat about "the trading industry" topic; FX "mechanics" are interesting, and no doubt there are also some very interesting people here. Nothing wrong with that. Whoever wants to reply (or not) is free to do it.

If you see my participation as that of "a child playing with ants", it's totally up to you. I don't know; maybe you're like ant being disrupted from its colony? I don't feel bad for reading cheap words from anyone who doesn't give a shit regarding what I say, neither respects my opinion. Lol. At least I know that some good and reasonable people here and there, don't believe the same, not even close.

"But you really should consider starting your own thread with like minded rhetoric loving persons". Lol, you're so fixated towards using the word I said against me, so immature (talking about children?). Such a good "sarcasm", ha ha ha. That does not change the content. Gee, I could have said other synonyms and you would have picked anything.

And about how I "feel" or "should feel", do, proceed (like opening a thread), etc., according to you... well, no, I behave as I choose. Thanks.
Finally, sorry if for some reason I'm being "destructive" (wow) to you or anyone sensible/mad enough to feel that way.
Clearly not my intention (EDIT: as you were clearly trying to offend me).

Just wanted to properly answer. Good luck with your trading!

EDIT 2: See how everyone is free to chose how to react? Ignoring me was very easy to do
  • #3,207
  • Sep 9, 2022 2:52am Sep 9, 2022 2:52am
Quoting FulMargnAlch
{quote} I see. I thought you are here to improve your trading, like a child curious for things, wondering, and learning all the way. But it seems you have all the answers about trading. Congratulations.
Having all the answers? No, very far from it...
Curious? Always. Still lots to learn...
Improving in various aspects (not only as a "trader")? Yes, I like that, and search for it...
  • #3,208
  • Sep 9, 2022 3:04am Sep 9, 2022 3:04am
Quoting whitesta
Again just one trade yesterday. An hour into London session. Managed to identify the Low of the day. Target was near DOL. {image}
Great analysis and chart. Well done. Hope I am as perceptive as you one day
every Saint has a past. Every Sinner has a Future
  • #3,209
  • Sep 9, 2022 3:04am Sep 9, 2022 3:04am
Quoting Viktor
You can place many lines at different places and price will eventually hit them, cross them or bounce; just like coin tosses! But a little more convenient, and maybe with profitable expectancy if risk management is adequate (preferably flexible/dynamic; depending on context).
That's why I wrote earlier, I have zero lines on my chart except open lines to mark "'session' open price", give orientation where market is trading now.

If we place whatever lines on our chart we're assuming traders who move market to trade inside our metrics. It's kind of imposing our rigid expectation onto "randomness". Same with candle patterns. Cheers
Know what you trade
  • #3,210
  • Sep 9, 2022 3:13am Sep 9, 2022 3:13am
Quoting turnip15
{quote} Great analysis and chart. Well done. Hope I am as perceptive as you one day
Hi Turnip,

I am still in the learning stage.
  • #3,211
  • Sep 9, 2022 3:38am Sep 9, 2022 3:38am
Quoting whitesta
{quote} Hi Turnip, I am still in the learning stage.
Me too
every Saint has a past. Every Sinner has a Future
  • #3,212
  • Sep 9, 2022 3:41am Sep 9, 2022 3:41am
Quoting FulMargnAlch
{quote} I see. I thought you are here to improve your trading, like a child curious for things, wondering, and learning all the way. But it seems you have all the answers about trading. Congratulations.
Put him on ignore. I find it frees up a lot of screen space that can be filled with more useful content from others here.
every Saint has a past. Every Sinner has a Future
  • #3,213
  • Sep 9, 2022 3:48am Sep 9, 2022 3:48am
Quoting turnip15
{quote} Put him on ignore. I find it frees up a lot of screen space that can be filled with more useful content from others here.
Lol. Again telling people what to do. Not even suggesting, but like an instruction

Quoting FulMargnAlch
{quote} Did this information helped your trading?
Btw, I forgot to say:
Talking about "useful information", if you didn't notice: he was talking about "round 20s", and then I also mentioned "quarters" (25, 50, 75) as equally plausible, and the importance of timing, often appearing as random. Traders need to observe and react. That's why chart interpretations tend to be subjective and discretionary.

After all, everything is a "prediction" based on expectation. I take my hat off to the people who can consistently play with good probabilities in their favor.
  • #3,214
  • Sep 9, 2022 3:56am Sep 9, 2022 3:56am
I put levels on the Dax ( Stacey Burke type) and traded Dax my usual way. Helped me to see things better I think
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #3,215
  • Sep 9, 2022 5:14am Sep 9, 2022 5:14am
Hindsight charts warning

Read the scribblings on the chart. I will post others after this.
I would really appreciate comments from seasoned traders.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_2022-09-09_11-12-20_7a25c.png Size: 142 KB
every Saint has a past. Every Sinner has a Future
  • #3,216
  • Sep 9, 2022 5:33am Sep 9, 2022 5:33am
More
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD_2022-09-09_11-22-36_f60b4.png Size: 140 KB
Click to Enlarge Name: GBPUSD_2022-09-09_11-31-08_4946b.png Size: 166 KB
every Saint has a past. Every Sinner has a Future
  • #3,217
  • Sep 9, 2022 5:36am Sep 9, 2022 5:36am
Attached Image (click to enlarge)
Click to Enlarge Name: !!AUDJPY.aM15.png Size: 17 KB
  • #3,218
  • Edited 5:54am Sep 9, 2022 5:44am | Edited 5:54am
The 15 minute.
Edit: The grey horizontal line at the top is a 4 hour support line back in August from the 22nd to the 31st August when it was broken to the downside. It has now come back but this is hindsight analysis.
I don't think Stacey Burke has so many levels from different time frames. I imagine 4 hour puts you in the ball park then hourly and fifteen minute lay the areas for watching price action on the 5 minute ( my execution time frame) ?

Constructive comment most welcome please
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD_2022-09-09_11-36-15_5fad5.png Size: 145 KB
Click to Enlarge Name: GBPUSD_2022-09-09_11-41-12_afabe.png Size: 142 KB
every Saint has a past. Every Sinner has a Future
  • #3,219
  • Edited 6:05am Sep 9, 2022 5:52am | Edited 6:05am
Quoting turnip15
The 15 minute {image}
Open is fine. 1:1501
Do you mean the blue vertical line?

Get a sessions indicator tradingview have them. regarding stacey best watch his videos and then apply when clear.
  • #3,220
  • Sep 9, 2022 5:55am Sep 9, 2022 5:55am
Quoting Viktor
{quote} Sooner or later, big interbank volume will move lots of currency around round numbers, also 25s and 50s, lol. Yes, the are like "targets", but having the correct timing at the right time, is "the secret". Anyway, sometimes they can be helpful for probabilities, confluences and gauging. Also, remember all USD crosses (majors), well, are against the USD, so HAVE to be synched to values that often find confluence in-between. And then we have the minors, also derived from them, with synthetic triangulations. You can place many lines at different...
I just pointed out my observations of the 20's round numbers as better than the 25's with respect to the US based currency pairs.
If it is useful to you, Good for you.

25's round numbers popular with stock market traders with equities priced in quarters.

If you see market exhaustion or compression at these round numbers, maybe you will have your strategy of entry & exit timing based around that based on probabilities, such as ADR, News Events, Open Prices, All time Highs / Lows etc.

Today Lows Eu open for EURUSD & GBPUSD at round numbers 1.0060 & 1.1580 respectively, targets 40 & 60 pips respectively.
It never gets easier, you just get better
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