Flying Dutchman | Page 164 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Equity millipede & Flying Buddha trading journal 9 replies

Flying buddah pattern 20 replies

Build an Equity Millipede with the filtered Flying Buddha 171 replies

Flying buddha pattern 12 replies

16/10/'07 - Crude oil and Greenback flying in opposite directions. 0 replies

Attachments: Flying Dutchman
Exit Attachments

Flying Dutchman

  • #3,261
  • Edited 9:45pm Sep 11, 2022 9:16pm | Edited 9:45pm
Quoting FulMargnAlch
{quote} I think there is a need to flesh out some facts to remove this holier than thou cryptic style of discussion that impedes our trading and hinders our progress. How can we understand the concept of something clearly when every thing is written like a ceremony to a masonic lodge. Even Feynman advocates clear and concise discussion that even a 10 year old can understand. Imagine teaching driving to an 18 year old person. Are gears random in a car? If one piston moves, do you know were energy would flow and lead you to your destination? If you...
Yes there are certain things on the thread that are way beyond my understanding. Just take the good and don't worry about the rest. I have realised that we should not worry why it happens as long as we analyse something will happen and if we will be ready to take advantage of that. The when is timing which has been discussed. RNs are very good origin and destination. Confluences are the pins, engulfers, Ws, Ms, PFHs, PFLs, DOL, MOL, HS, LS (session, days, month etc). Take all these into account and the setups will appear. Everyone here is trying to understand how successful trades can be placed. There will be reasons to take and not to take the trades. From what i have understood is its much better to trade from outside. For this we need to identify the Hs and Ls of certain period. Its hard to identify but easy to trade. Trading inside these Hs and Ls can be done but harder and alot of understanding is needed regarding structure. I had placed 5 trades last week with micro lots and 4 were successful. Its not to show that i have understood all but its just i traded from outside. Was able to identify the Hs and Ls. The losing trade of around 15 pips was where my assessment of Low of the day was wrong. It was an AHA moment for me cos i was just looking for a low while the high (GBP/JPY) for the session was being created during mid Lon session. RN, PFH, Pins, Timing everything was there but i was just not watching closely enough. The actual Low of the day was created a lot later in Lon Session. So the take of the day was its always good to have a look before and after equity opens especially 2 or 3 hours before the US equity opens. You will see Ws and Ms for sure. Just my input.

Trade Well.
  • #3,262
  • Edited 10:20pm Sep 11, 2022 10:00pm | Edited 10:20pm
Quoting FulMargnAlch
I think there is a need to flesh out some facts to remove this holier than thou cryptic style of discussion that impedes our trading and hinders our progress. How can we understand the concept of something clearly when every thing is written like a ceremony to a masonic lodge. Even Feynman advocates clear and concise discussion that even a 10 year old can understand. Imagine teaching driving to an 18 year old person. Are gears random in a car? If one piston moves, do you know were energy would flow and lead you to your destination? If you...
Perhaps you listen to what Tom has to say up to 5.55 of this video. It's more palatable coming from Tom. My message is the same. I'm just a facilitator on this thread to talk about difficult subjects, that's all. Period. If you assume anything more that's your problem, not mine.
Inserted Video


Like many, you declare "Market is not random."

Do you under this same breath say "no one knows the future" at the same time?

My question is to raise awareness.
May I ask, do you contradict yourself?

You talk about the gear system analogy. Do you realise you're looking at this Forex market from a cause and effect deterministic model?

Again question to raise awareness.

If you're here looking for the holy grail strategy, I'm sure you can find videos, books and from FF strategy section.

I can point out, but like what Aussi wrote earlier, it's a waste of time - people will continue to do the same like those before them. There's no point repeating myself. I leave it at that. Cheers
Know what you trade
  • #3,263
  • Sep 11, 2022 10:50pm Sep 11, 2022 10:50pm
Quoting BWilliam
{quote} Perhaps you listen to what Tom has to say up to 5.55 of this video. It's more palatable coming from Tom. My message is the same. I'm just a facilitator on this thread to talk about difficult subjects, that's all. Period. If you assume anything more that's your problem, not mine. https://youtu.be/vTboKA-y_So Like many, you declare "Market is not random." Do you under this same breath say "no one knows the future" at the same time? My question is to raise awareness. May I ask, do you contradict yourself? You talk about the gear...
We are ALL looking for the holy grail. Do not fool yourself like you are above the market.

The holy grail might be how to know the valuation of the market at the moment, the delta before it happens, or some sort of pattern when it happens.

We are here to raise our awareness and we facilitate each other's learning, you do not facilitate anything.

Everything has a cause and effect, an alpha and an omega.

Are you saying the universe is random?

Just a question of awareness. I have no issues with any body specifically. Like I said, I just started something by fleshing things with facts, not questions after questions, after questions.
The market hides a perfect geometry.
  • #3,264
  • Sep 11, 2022 10:58pm Sep 11, 2022 10:58pm
Quoting whitesta
{quote} Yes there are certain things on the thread that are way beyond my understanding. Just take the good and don't worry about the rest. I have realised that we should not worry why it happens as long as we analyse something will happen and if we will be ready to take advantage of that. The when is timing which has been discussed. RNs are very good origin and destination. Confluences are the pins, engulfers, Ws, Ms, PFHs, PFLs, DOL, MOL, HS, LS (session, days, month etc). Take all these into account and the setups will appear. Everyone here is...
Thanks for your feedback. I understand your point of view, as long as it works and earns money, it does not matter if I know or I do not know what it really is.

I was just curious and would like to know how things work even from the basic perspective.

My initial research points that we are all part of something bigger and that is supply and demand.

However, when we look at charts, the case is not apparent because there are multiple participants, there are those who enter forex to hedge and minimize their exposure to other instruments, there are central banks who intervenes periodically when the valuation of their currency needs "balance", there are speculators like us, hedgefunds, there are dealers from brokers who takes the opposite side of our trades or carry that orders through electronic communication network, and etc.

I have also studied that price in our charts is an advertisement from dealers or facilitators so market participants are enticed to enter.

There are more.
The market hides a perfect geometry.
  • #3,265
  • Sep 11, 2022 11:12pm Sep 11, 2022 11:12pm
Quoting FulMargnAlch
We are ALL looking for the holy grail. Do not fool yourself like you are above the market. The holy grail might be how to know the valuation of the market at the moment, the delta before it happens, or some sort of pattern when it happens. We are here to raise our awareness and we facilitate each other's learning, you do not facilitate anything. Everything has a cause and effect, an alpha and an omega. Are you saying the universe is random? Just a question of awareness. I have no issues with any body specifically. Like I said, I just started...
Ok, enjoy your discussion.

Have a great trading week everyone. Franky ahead. Cheers
Know what you trade
  • #3,266
  • Sep 12, 2022 4:15am Sep 12, 2022 4:15am
Is this a "W" formation ( ignoring the other annotations I placed on chart) or is it in wrong place -should be at the low of a chart?
Attached Image (click to enlarge)
Click to Enlarge Name: US500_2022-09-12_10-12-49_18c28.png Size: 136 KB
every Saint has a past. Every Sinner has a Future
  • #3,267
  • Sep 12, 2022 4:24am Sep 12, 2022 4:24am
Quoting FulMargnAlch
{quote} We are ALL looking for the holy grail. Do not fool yourself like you are above the market. The holy grail might be how to know the valuation of the market at the moment, the delta before it happens, or some sort of pattern when it happens. We are here to raise our awareness and we facilitate each other's learning, you do not facilitate anything. Everything has a cause and effect, an alpha and an omega. Are you saying the universe is random? Just a question of awareness. I have no issues with any body specifically. Like I said, I just started...
Read the first post of this thread, you are not going to get straight answers here, you need to work things out for yourself.
People give their hints, opinions & theories, but ultimately, the buck, as they say, stops with you.

"For someone looking in for the first time, there is no one method either explained or inferred.
There are however regular contributors who have their own thoughts and methods who regularly post charts and hints.
They do this off their own back, no one is obliged to contribute or indeed to use the information given."
It never gets easier, you just get better
  • #3,268
  • Edited 4:43am Sep 12, 2022 4:28am | Edited 4:43am
Quoting turnip15
Is this a "W" formation ( ignoring the other annotations I placed on chart) or is it in wrong place -should be at the low of a chart? {image}
No.
Look at the alphabet and you'll have your answer.

See yoube Trading M and W Formations By Forexia ~ Forex
  • #3,269
  • Sep 12, 2022 5:30am Sep 12, 2022 5:30am
Just like the letter M tops come to mind. Letter W's ...

But very clear in hindsight, perhaps harder in real time to act on.
Attached Image (click to enlarge)
Click to Enlarge Name: M.AUDJPY.aM15.png Size: 17 KB
  • #3,270
  • Sep 12, 2022 6:14am Sep 12, 2022 6:14am
Quoting turnip15
Is this a "W" formation ( ignoring the other annotations I placed on chart) or is it in wrong place -should be at the low of a chart? {image}
The pattern looks good but sometime it is hard to look at it, seems subjective, but perhaps the general idea of double top is what matters maybe? or perhaps we can add confluence to such pattern?
The market hides a perfect geometry.
  • #3,271
  • Sep 12, 2022 6:22am Sep 12, 2022 6:22am
Quoting Shabs19
{quote} Read the first post of this thread, you are not going to get straight answers here, you need to work things out for yourself. People give their hints, opinions & theories, but ultimately, the buck, as they say, stops with you. "For someone looking in for the first time, there is no one method either explained or inferred. There are however regular contributors who have their own thoughts and methods who regularly post charts and hints. They do this off their own back, no one is obliged to contribute or indeed to use the information given."...
We all work things out for our self, that is why we are here. If we are lazy, there are tons of udemy courses and youtube videos out there to churn while eating snacks but no, we are here to learn. I was just trying to start a discussion on facts about forex. Nothing more.
The market hides a perfect geometry.
  • #3,272
  • Sep 12, 2022 6:33am Sep 12, 2022 6:33am
Quoting Shabs19
{quote} Read the first post of this thread, you are not going to get straight answers here, you need to work things out for yourself. People give their hints, opinions & theories, but ultimately, the buck, as they say, stops with you. "For someone looking in for the first time, there is no one method either explained or inferred. There are however regular contributors who have their own thoughts and methods who regularly post charts and hints. They do this off their own back, no one is obliged to contribute or indeed to use the information given."...
Oh ! I'll get me coat.
every Saint has a past. Every Sinner has a Future
  • #3,273
  • Sep 12, 2022 6:36am Sep 12, 2022 6:36am
Quoting FocusWinReal
Just like the letter M tops come to mind. Letter W's ... But very clear in hindsight, perhaps harder in real time to act on. {image}
I believe I remember this pattern somewhere that makes the M and W, the reason was this. Just reverse for buy.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 3 KB
The market hides a perfect geometry.
  • #3,274
  • Sep 12, 2022 6:56am Sep 12, 2022 6:56am
Quoting FulMargnAlch
{quote} I believe I remember this pattern somewhere that makes the M and W, the reason was this. Just reverse for buy. {image}
Rather than look at the pattern, can you tell what has happened to form that pattern ?

Start from the left, and tell the story of what happened.
It never gets easier, you just get better
  • #3,275
  • Sep 12, 2022 7:02am Sep 12, 2022 7:02am
Quoting turnip15
{quote} Oh ! I'll get me coat.
More lines .
Cable the 4 hour line price returns and breaks after bouncing along 1.16000.
On the Hourly first target could be 1.17000 ?
Lines and levels and time of day?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD_2022-09-12_12-49-15_09698.png Size: 158 KB
Click to Enlarge Name: GBPUSD_2022-09-12_12-52-26_03b44.png Size: 160 KB
Click to Enlarge Name: GBPUSD_2022-09-12_13-00-27_e89a4.png Size: 155 KB
every Saint has a past. Every Sinner has a Future
  • #3,276
  • Sep 12, 2022 7:03am Sep 12, 2022 7:03am
Quoting Shabs19
{quote} Rather than look at the pattern, can you tell what has happened to form that pattern ? Start from the left, and tell the story of what happened.
This was explained to me a long time ago, I just remembered it now.

Price made higher highs forming two supports (or targets as they call in this thread) then when this two supports are broken in 1 strike (1 red engulfing or a successive push downwards) then returns back around the area of previous support, this is a PULLBACK MOVE and most of the time, confirms the sell.

If I remember it correctly, this is the cue of the professionals for the direction and the pullback was to "balance the book" before going all out in one direction.

That's it.
The market hides a perfect geometry.
  • #3,277
  • Sep 12, 2022 7:08am Sep 12, 2022 7:08am
Looks like counter-intuitive to buy, but we are above the two opens. Will close manually since the range is almost maximized.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 34 KB
The market hides a perfect geometry.
  • #3,278
  • Sep 12, 2022 7:08am Sep 12, 2022 7:08am
Quoting FulMargnAlch
{quote} This was explained to me a long time ago, I just remembered it now. Price made higher highs forming two supports (or targets as they call in this thread) then when this two supports are broken in 1 strike (1 red engulfing or a successive push downwards) then returns back around the area of previous support, this is a PULLBACK MOVE and most of the time, confirms the sell. If I remember it correctly, this is the cue of the professionals for the direction and the pullback was to "balance the book" before going all out in one direction. That's...
View it from the perspective of the Buyers in the market pushing prices higher.
Forget about support & resistance, look at the emotions of the participants and why it reversed.
Where were the orders, where were the stops ?
It never gets easier, you just get better
  • #3,279
  • Sep 12, 2022 7:16am Sep 12, 2022 7:16am
Quoting Shabs19
{quote} View it from the perspective of the Buyers in the market pushing prices higher. Forget about support & resistance, look at the emotions of the participants and why it reversed. Where were the orders, where were the stops ?
Good analysis, facilitators just collect the right amount of volume by triggering orders, then act accordingly to their best interests.
The market hides a perfect geometry.
  • #3,280
  • Sep 12, 2022 7:21am Sep 12, 2022 7:21am
Quoting turnip15
{quote} More lines . Cable the 4 hour line price returns and breaks after bouncing along 1.16000. On the Hourly first target could be 1.17000 ? Lines and levels and time of day? {image} {image} {image}
And when you ZOOM out on the one minute - what an interesting view of levels confront you. ( I put in 1.17000 only)
Draw the rest of Stacey's levels yourself - interesting viewing:
Ignoring the possible "W" and its' break, within the first two vertical blue lines, price does break a level 1.1625(2) for a signal long.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_2022-09-12_13-22-16_fab76.png Size: 140 KB
every Saint has a past. Every Sinner has a Future
13 traders viewing now