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Flying Dutchman

  • #3,401
  • Sep 20, 2022 7:47pm Sep 20, 2022 7:47pm
Quoting BWilliam
{quote} Hi angelofx, I met sharingan a decade ago. I've not talked to him about value, we happen to think the same. And I did not invite him. Cheers
Reading his previous posts, i think he derives his value from market profile
  • #3,402
  • Edited Sep 21, 2022 6:05am Sep 20, 2022 7:56pm | Edited Sep 21, 2022 6:05am
Quoting angelofx
Question Bwilliams, 'demarcation' and buy/sell hemisphere are they the same? is demarcation same as support becomes resistance and vice versa?
Hi angelofx, I'm mostly posting from my phone, so unable to post chart.

Take a look at G$ h4 chart. The pwol is the demarcation line.

The buy hemisphere started on 7sep 1600 till 13sep 0800. Sell hemisphere started from there and the current demarcation line is 1.15140.

Note 6sep 0000.

***intraday hemispheres are value fluctuations inside this larger hemisphere.
***I have volunteered to post value areas and hemispheres on FF to give members and readers an idea how the professional traders see and move this market. Take whatever you can from it. Asset valuation is a closely guarded property in the interbank fx market.
***Reminder(repeat), watch the clock there's a time for each season.
***You have a choice, remain indifferent to new ideas. Or embrace them and work hard towards be the first, or to be among the first.

Inserted Video


Quoting angelofx
Reading his previous posts, i think he derives his value from market profile
Maybe, idk.
Know what you trade
  • #3,403
  • Sep 20, 2022 8:01pm Sep 20, 2022 8:01pm
Quoting BWilliam
{quote} Hi angelofx, I'm mostly posting from my phone, so unable to post chart. Take a look at G$ h4 chart. The pwol is the demarcation line. The buy hemisphere started on 7sep 1600 till 13sep 0800. We are now in the sell hemisphere and the current demarcation line is 1.15140. {quote} Maybe, idk.
THank you. That's something to keep me busy, i'll post my findings shortly
  • #3,404
  • Sep 20, 2022 8:06pm Sep 20, 2022 8:06pm
Quoting whitesta
The explanations are good but i am pretty sure most will not be able to understand and use them in their day to day trading. It would be good if those who understand the value intent, over value, undervalue etc to share a chart or two with notes on them explaining what they see and how they go about using them. We have been on this topic for awhile but not much as per actual charts. I shared a few charts with whatever i have learnt in this thread and it may or may not have helped others but atleast it was clear for all to see. I personally feel...
Just wait brother, another 10 posts or more about "psychology" is being drafted because you need to "work on yourself".

Imagine in primary school in a subject about multiplication or division, the teacher is not writing anything on the board or showing the multiplication table.

He just talk the whole time about "psychology" on multiplication. LOL.

Kidding aside, this is not a traditional school and nobody is being paid as a teacher. So, this site is more like "trolling the seekers". And I have learned that only I, myself, can help myself, this is a DIY project.

So far, I have made success in market structure, impulse, and correction. Refinement is the key.

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The market hides a perfect geometry.
  • #3,405
  • Sep 20, 2022 8:41pm Sep 20, 2022 8:41pm
Quoting whitesta
The explanations are good but i am pretty sure most will not be able to understand and use them in their day to day trading. It would be good if those who understand the value intent, over value, undervalue etc to share a chart or two with notes on them explaining what they see and how they go about using them. We have been on this topic for awhile but not much as per actual charts. I shared a few charts with whatever i have learnt in this thread and it may or may not have helped others but atleast it was clear for all to see. I personally feel...
This seems to be a reasonable request. I'll post this chart to help expand or extend this discussion. A note about the GBP/USD: PA is well beyond past data (at least on my charts), so previous points of support or resistance are unknow. I prefer to use tools that anticipate bank trader behavior going forward (or lower) into the unknown. But my fundamental analysis of the GBP is not good (Armagedón trading in the short term).
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  • #3,406
  • Sep 20, 2022 8:43pm Sep 20, 2022 8:43pm
Quoting whitesta
{quote} For me i am still not able to understand if a currency pair is overvalued or undervalued. I would love to trade 4 hr time frame cos that gives a little less stress and we can set profit targets, stoploss and not stay at the computer for too long. Have read comments from most traders here and at the moment i am a bit better with 5 minutes and 15 minutes chart trading. Somehow i understood a bit better with those timeframes. Would still go for 4 hr time frame if i understood how to actually trade them as the stops need to be larger. Just my...
Hi Whitesta... some very nice charts and trades youve posted of late. A few thoughts upon reading your posts... And this is only my opinion as
we all have to trade what suits us..and theirs many ways to trade.

As for continuation trades..Generally were talking about a trend..and SB will trade a continuation more so on a day 2.... But I suggest looking at the larger TFs 1hr 4hr and the momentum they do or dont show... That helps in deciding if a move "May" continue..and you can jump in on the 15 5 or 1....

So speaking of larger TFs...I would suggest since they are normally less screen intense...Trade them on a demo or a cent or mini account..whatever suits you.
A few thoughts on this is that #1 your going to see less trades...so getting the experience isnt as quick as using the 5/15.. But it is slower and gives time for thought etc... My advice is trade both time permitting... it exposes you to the short tf setups and long tf ones.

Depending on your progress etc...as well Id say work hard on the basic setups your doing now without thinking about continuation trades...all in due course..But concentrate on the setups you have been doing but add the 1 hr and 4hr..start scanning the charts.. In all reality the setups youve been doing are enough to make all one wants. It sure is different seeing the charts as they unfold and trying to figure out if a high has been made or not..thats just screen time so get all you can and they will get better.

Anyways have a great rest of the week and keep on being diligent, and rinsing and repeating your process as youve got some great trades..

You got it !

Cheers
Blue
Master your Mind,,,Master the Market
  • #3,407
  • Edited 9:35pm Sep 20, 2022 9:02pm | Edited 9:35pm
Quoting bluesteele
{quote} Hi Whitesta... some very nice charts and trades youve posted of late. A few thoughts upon reading your posts... And this is only my opinion as we all have to trade what suits us..and theirs many ways to trade. As for continuation trades..Generally were talking about a trend..and SB will trade a continuation more so on a day 2.... But I suggest looking at the larger TFs 1hr 4hr and the momentum they do or dont show... That helps in deciding if a move "May" continue..and you can jump in on the 15 5 or 1.... So speaking of larger TFs...I...
Thanks for the kind words Bluesteele. Still learning and i do get the Hs and Ls all wrong quite a few times. Long road.
  • #3,408
  • Sep 20, 2022 9:24pm Sep 20, 2022 9:24pm
Quoting turnip15
This Dax chart is certified hindsight....but....is my analysis reasonably accurate if viewed in Stacey Burke set ups? PFH and PFL's etc ? Have I missed something in my analysis? Comment and criticism would be very much appreciated please, since I am hoping to learn from experienced Stacey type traders and the set ups here. Thankyou. {image}
Hi Turnip...

Excellent hindsight chart

That's a beauty of a DAX trade.

Price moves above PDH...
Price takes out Asian high...
London Equity just opened..
Pre London Frankie..Market pushed down enticing Asian BO traders to go short thereby trapping volume...
London formed that PFH with 3 distinct pushes on the 1minute..another checkmark
BRN is breached...
Where does price go it goes 25 points past the BRN...Textbook 25-50 pips/points SH reversal
Large Engulfment candle another check..
London quickly reverses takes out the retail stops and drops like a rock..
Textbook SB trade.
For a very quick 200pt Pump n Dump trade....

This is a great example of a trade that is Scalable ...Adding to your position.
For me its after each consecutive 5m bull bar down selling on precise close of the bar...Another position added
(Use a digital clock with seconds and hit sell)

The more you practice the more you cant stop seeing these setups... Ive posted many myself.
Then you move on to seeing them as they form...Use a checklist Use a 15 -25 pip stop loss
depending on asset...go for 50 pips ..

Repetition Repetition Repetition Repetition Repetition
is the mother of skill when the correct awareness and focus is on the repeated execution of the process..

I know now you see it...so practice it until you start getting some results.. Its truly fairly simple but just takes time to see it real time..Then you me all of us will
still stuff it up lol...Always losing... Always learning...

All the best T !

Blue


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Master your Mind,,,Master the Market
  • #3,409
  • Sep 20, 2022 9:31pm Sep 20, 2022 9:31pm
Quoting BWilliam
{quote} Hi angelofx, I'm mostly posting from my phone, so unable to post chart. Take a look at G$ h4 chart. The pwol is the demarcation line. The buy hemisphere started on 7sep 1600 till 13sep 0800. Sell hemisphere started from there and the current demarcation line is 1.15140. Note 6sep 0000. ***intraday hemispheres are value fluctuations inside this larger hemisphere. ***I have volunteered to post value areas and hemispheres on FF to give members and readers an idea how the professional traders see and move this market. Take whatever you can from...
de·mar·ca·tion
[ˌdēmärˈkāSH(ə)n]
NOUN

  1. the action of fixing the boundary or limits of something:
    "the demarcation of the maritime border"
    synonyms:
    separation · distinction · differentiation · division · delimitation · marking off · definition

    1. a dividing line:

GUH4 CHART -Still trying to decipher how you calculate/determine the demarcation zones
which of the above definitions fits your idea of demarcation?
are the zones based on math?
are buy/sell hemispheres same across timeframes or timeframe specific?

1st vertical line is the h4 open on 9/6/2022 i have it as 1.1510 on my chart
2nd vertical line is the PWOL 1.1637
1.1724 is the start of sell hemisphere
1.1420 is start of buy hemisphere
1.1514 is new demarcation zone

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  • #3,410
  • Sep 20, 2022 9:33pm Sep 20, 2022 9:33pm
Quoting whitesta
{quote} Thanks for the kind word Bluesteele. Still learning and i do get the Hs and Ls all wrong quite a few times. Long road.
I see you and Turnip both posting charts and getting it.... Just screen time in real time
Did an all nighter London NY day...London killed it same trade as Turnips but on SPX with
6 or 7 add ons very similar..
Made a huge gain % and dollar wise. But why do I say this because after London...I sort of snoozed for a bit
got up for NY Open and proceeded to take 6 straight losses LOL...But I kept the losses small.

I always go in small and then if the trade works start adding..

So dont worry about getting it wrong... We always will.. All comes down to MM the real holy grail !

Cheers

Blue
Master your Mind,,,Master the Market
  • #3,411
  • Sep 20, 2022 9:50pm Sep 20, 2022 9:50pm
Quoting angelofx
de·mar·ca·tion [ˌdēmärˈkāSH(ə)n] NOUN the action of fixing the boundary or limits of something: "the demarcation of the maritime border" synonyms: separation · distinction · differentiation · division · delimitation...
Hi angelofx, I drew red lines extended from open lines. It shows clearly the importance of open lines. A simple way to understand and visualise how the big boys trade to value. Cheers
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Know what you trade
  • #3,412
  • Sep 20, 2022 11:09pm Sep 20, 2022 11:09pm
Quoting bluesteele
{quote} Hi Onra... The idea is when you trade at certain times i.e. NY Equity open 930am we have (generally) volatility with loads of volume...and when you get the trade correct at these certain times generally price moves strongly in your favour...Or against you and your out... So with a quick moving market around equity market opens I would use an initial 10-15 pip stop (structure based) ...On a more aggressive entry it can be 5-7 pips. When I am entering say on a double bottom ,,,catching a wick. With all that said.. The stops become dynamic...
Good morning Bluesteele
can u please explain in details how can we use 8 ema channel for stoploss and money managment
  • #3,413
  • Sep 21, 2022 12:36am Sep 21, 2022 12:36am
Quoting venkatredy
{quote} Good morning Bluesteele can u please explain in details how can we use 8 ema channel for stoploss and money managment
Hi V.....

Very simply look at the chart I posted above to Turnip....Now look at the chart I posted here for you ..the difference is the 8 ema H/L channel.
And let me be clear...It doesn't matter if its the 7 8 9 or 10.... As long as its CONSISTENT...and that means you.

The 8 ema channel is something I picked up from Laura's thread Roadmap.... I highly recommend that thread for anyone.. Laura is sharp and has some of the best IMO content on this forum... The roadmap is a successful trading methodology. And she has something for everyone to pick up a nugget if your willing to flip a rock over and take a look....

In trading we need rules,,,We need a repeatable definable methodology I use the 8ema channel..it works as I never change it...and I highly doubt the market will ever not work with it. I am just trying to impress that it is not so much a MA number or a certain indicator that makes the difference in trading...

IT IS YOU vs YOU... ask the questions YES...but FIND and STICK to a method that works for YOU.....

So simply I use the 8EMA channel as a way to ADD to an existing profitable position. AND I use it as a way to exit the positions...
How ?
I use a 5 M chart...I find it works best for me...1 to fast and kicks me out 15 to slow and I give too much back,,,,

For adding to a winning trade in the example I show I SELL ON CLOSE...of each successive bear bar that's open and close does not touch the channel.. The wick I don't care. I have a digital clock with seconds...... and the second that 5m ends I press sell...and I repeat until I either am at my limit or The 5m candle closes on the opposite of the channel....at that point I CLOSE ALL.


The opposite for a Buy.. Easier said than done but very simple rules...

Candle bodies Outside channel = additional buys/sells
Candles Close opposite channel = close all....

All the best to you Venka

Blue

Attached Image (click to enlarge)
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Master your Mind,,,Master the Market
  • #3,414
  • Sep 21, 2022 12:57am Sep 21, 2022 12:57am
Quoting bluesteele
{quote} Hi V..... Very simply look at the chart I posted above to Turnip....Now look at the chart I posted here for you ..the difference is the 8 ema H/L channel. And let me be clear...It doesn't matter if its the 7 8 9 or 10.... As long as its CONSISTENT...and that means you. The 8 ema channel is something I picked up from Laura's thread Roadmap.... I highly recommend that thread for anyone.. Laura is sharp and has some of the best IMO content on this forum... The roadmap is a successful trading methodology. And she has something for everyone to...
Thnk u bluesteele for replying my post. can u please explain about entry after target taken out
  • #3,415
  • Sep 21, 2022 1:29am Sep 21, 2022 1:29am
Big downward move on Pound pair(s). Good time to learn how to identify Lows.
  • #3,416
  • Sep 21, 2022 1:42am Sep 21, 2022 1:42am
Quoting whitesta
Big downward move on Pound pair(s). Good time to learn how to identify Lows.
Look at AUD/JPY. Missed the top therefore am watching.
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  • #3,417
  • Sep 21, 2022 2:07am Sep 21, 2022 2:07am
Quoting FulMargnAlch
{quote} Just wait brother, another 10 posts or more about "psychology" is being drafted because you need to "work on yourself". {image}
The psychology of geopolitics. How did price move after fear and panic articles about Russia? Everyone lets panic? No?
  • #3,418
  • Sep 21, 2022 4:16am Sep 21, 2022 4:16am
tonight probably will see some vols during fomc too.
good news is having vols whilst some may go all-in again ..
PDX adjusts risk, not scales..
  • #3,419
  • Sep 21, 2022 5:37am Sep 21, 2022 5:37am
Quoting whitesta
Big downward move on Pound pair(s). Good time to learn how to identify Lows.
You referring to Cable ? - nice pin off 4 hour and previous level but was unsure and left the first pin before London Equity open ( marked with a "?")
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every Saint has a past. Every Sinner has a Future
  • #3,420
  • Sep 21, 2022 6:02am Sep 21, 2022 6:02am
Quoting turnip15
{quote} You referring to Cable ? - nice pin off 4 hour and previous level but was unsure and left the first pin before London Equity open ( marked with a "?") {image}
Fifteen and 5 minute crunched up made even more sense if I had looked. Instead I looked at the level which worked okay.
Must remember to widen analysis.
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every Saint has a past. Every Sinner has a Future
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