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Flying Dutchman

  • #3,721
  • Oct 3, 2022 8:34am Oct 3, 2022 8:34am
Quoting spzd
{quote} First week of the month is often like this. This one I think has more significance due to recent happenings.
Yes - Truss and her amazing wrecking chancellor
every Saint has a past. Every Sinner has a Future
  • #3,722
  • Oct 3, 2022 9:18am Oct 3, 2022 9:18am
Quoting BWilliam
{quote} Hi GEfx, I expect Central Banks activity to respond to Powell's stance in an orderly fashion over this last quarter. I don't foresee any dramatic cascading collapse on the horizon yet. Which is not in the interest for everyone who have their fair share of domestic problems to take care of. This issue may play out 2nd half next year. The immediate one in front is the energy gap this last quarter. Cheers ***bitcoin looks ominously bad unless something happens this week.
Hi BWilliam, sticking with the G$ for this discussion:
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  • #3,723
  • Oct 3, 2022 3:45pm Oct 3, 2022 3:45pm
Quoting venkatredy
{quote}
Hi Pete I hope you are doing well . After long time i am asking you doubt.
From past 2 month i am being trading live account as of now i am in profit .
Even though i am taking trades but unable to wait for more profit exit my trade with some pips .
As again i am reading post of yours the above post made me think more to build confidence in me.
I kindly request you to give some more explanation on obove post

Hi V,

This is such terrific news to hear with your a/c in profit.
And maybe, closing early IS the reason for a/c profit, I do not know.
Only YOU can find this full answer for yourself.

An easy way to check is to go into your Account History on your Broker platform and look at a few trades you think might have been closed early.

What to do is put a horizontal line on your chart AT THE PRICE you entered your trade
and
A vertical line at the exact time the trade was entered (this would really need to be on a 1min chart I think)

Then do the same for your closed trade PRICE
And put another vertical line for the closed trade time

What can you see about what the market DID after you closed.
(in the respect that you could have held on longer for more pips)
The answer could well be in there

Then you can also look at your trade entry in the same way to see what happened BEFORE you entered.
What can you see about what the market did BEFORE you entered.
As there may also be opportunity at your trade entry (as well as maybe trade exit) for more pips.

Can you find your answer in there
(wanting more at this early point of success can also be a double-edged sword , though I wholeheartedly applaud your search for this)


After all the time & effort I know you have put in, V, you should be very proud of you’re a/c being in profit sir.
  • #3,724
  • Oct 4, 2022 1:05am Oct 4, 2022 1:05am
Dax chugging along this morning off pre opening support on 5 minute - purple lines
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every Saint has a past. Every Sinner has a Future
  • #3,725
  • Oct 4, 2022 1:25am Oct 4, 2022 1:25am
Posted this elsewhere but might interest some here.
Traded Dax and was also watching Cable.
Messed up Cable since I missed an opportunity for a long?
But as an aside I see price has risen to fill gap made by UK Chancellors market crashing comments on tax cuts for well off.
What now. Fruit picking trade levels higher?
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every Saint has a past. Every Sinner has a Future
  • #3,726
  • Oct 4, 2022 1:30am Oct 4, 2022 1:30am
Quoting turnip15
Dax chugging along this morning off pre opening support on 5 minute - purple lines {image}
Set stop - not risking gain for this morning as 10am draws near for the end of my session.
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every Saint has a past. Every Sinner has a Future
  • #3,727
  • Oct 4, 2022 6:44am Oct 4, 2022 6:44am
Off we go SP500 from level. Maybe I could have got in earlier from the lower level horizontal but I am still new to Stacey stuff .
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every Saint has a past. Every Sinner has a Future
  • #3,728
  • Edited 8:04am Oct 4, 2022 6:51am | Edited 8:04am
Quoting turnip15
Off we go SP500 from level. Maybe I could have got in earlier from the lower level horizontal but I am still new to Stacey stuff . {image}
Locking in a few pennies now.
"Fruit Picking levels" term used by Stacey Burke when price hits levels on far left off the chart.

EDIT: Closed 1552 @ 3778
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every Saint has a past. Every Sinner has a Future
  • #3,729
  • Oct 4, 2022 6:56am Oct 4, 2022 6:56am
Apologies for posting so much. I got carried away.
Here is a green ( squeaky) ball that my dog expects to be thrown around the house for him. And there I was thinking that a walk would tire him out
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every Saint has a past. Every Sinner has a Future
  • #3,730
  • Oct 4, 2022 7:19am Oct 4, 2022 7:19am
Quoting bluesteele
{quote} Hey Whitesta... Note the GAP time high has been broken... Yes Asia and thats a confluence as well.. But often you will find the true H or L that Asia/London will take out is the Gap time after the 12 bar NY window.... Its something Stacey Burke eludes to in many of his videos. ...
I already use post NY gap point when looking at the next day.

The gap that I have mostly ignored up to this post was the London-NY gap point. Have spent much of the past week researching this and its influence on the US session.

This, along with the recent posts from TimeTells, solidifies my current trading theory. This was the thing I needed as I transition into full live trading.

And it is paying off as we speak. $Swiss short Aussi$ long.

This has been a long 2 months learning what I have.
Mark ... Everything you have been told is a LIE
  • #3,731
  • Oct 4, 2022 7:29am Oct 4, 2022 7:29am
Quoting bluesteele
{quote} Hey Whitesta... Yep I would have 100% taken that trade. Couple of other things... Note the distinct 3 pushes.... Note the Timing LSE has just opened.... Note the GAP time high has been broken... Yes Asia and thats a confluence as well.. But often you will find the true H or L that Asia/London will take out is the Gap time after the 12 bar NY window.... Its something Stacey Burke eludes to in many of his videos. Add it all up and pull the trigger for sure.. Its a nice outside setup.. I like to (try to lol ) enter above the BRN for a short...
After New York Close, the previous day, the gap high between NY close and London trading hours is taken out by London Session High?
Then New York session takes out both Gap high, referred to above, AND London High?
Triggering Shorts in both London and New York sessions ?
every Saint has a past. Every Sinner has a Future
  • #3,732
  • Oct 4, 2022 7:44am Oct 4, 2022 7:44am
Quoting TimeTells
{quote} Hi V, This is such terrific news to hear with your a/c in profit. And maybe, closing early IS the reason for a/c profit, I do not know. Only YOU can find this full answer for yourself. An easy way to check is to go into your Account History on your Broker platform and look at a few trades you think might have been closed early. What to do is put a horizontal line on your chart AT THE PRICE you entered your trade and A vertical line at the exact time the trade was entered (this would really need to be on a 1min chart I think) Then do the...
I did that when I started trading. I knew my get in signal and the exit signal. Easy?
No - I left my brain at the station and only emotion rode out. Every flicker of price movement against me resulted in a close. Profits were snatched as they appeared DESPITE the exit signal NOT being triggered. I looked at the chart afterwards, relating to my depleted account and was horrified at the number of pointless trades I carried out. Looking at my chart and the entry/exit signals proved that I massively overtraded and logic was left in the bucket of fear. Now I tend to pocket a few points as I go, to ensure I get paid a little for my effort, or I close my eyes, curse and hit the close button to cut a loss short. Then it's biscuits and tea while I plot a new trade. I have also learnt that to do nothing is okay, especially when the chart is uncertain/messy. You will get there, just don't be surprised at the intensity of the battle between you and you. Demo trading will not give you that experience albeit a minor stake probably will. But demo first to learn the ropes is okay methinks.
every Saint has a past. Every Sinner has a Future
  • #3,733
  • Oct 4, 2022 8:05am Oct 4, 2022 8:05am
Quoting turnip15
{quote} Locking in a few pennies now. "Fruit Picking levels" term used by Stacey Burke when price hits levels on far left off the chart. EDIT: Closed 1552 @ 3778 {image}

Typical, I close and price moves up a bit to hit my last target around 4pm my quit time. But I am happy.
Enjoy your day chaps.
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every Saint has a past. Every Sinner has a Future
  • #3,734
  • Oct 4, 2022 9:08am Oct 4, 2022 9:08am
Hi everybody. Really interesting trading system... I will try to read all the posts
  • #3,735
  • Oct 4, 2022 9:36am Oct 4, 2022 9:36am
Sometimes I'm silent sometimes I'm not there's a lot of nonsense posted online in general but this forum and even this thread is no different..

And this video is a perfect example.. we have so-called Traders on here saying you have to trade real time forget about the left... Last time I checked we all trade on the right side of the screen we all trade real time it's the only way to trade..

But where do you think the right side of the screen and the real time comes from it's all derived from the left think about it.

Every professional I know goes over the historical charts they may keep them in a file on the computer they may print them out you may screenshot your trades real time you go back later and refer to them and learn from them..

So beware who you listen to with people telling you forget about the left.. for the ignorant ones saying oh that's a hindsight chart.. yep you're right it's a hindsight chart now what's your point... 5 minutes 15 minutes from now pick your time the trade I just took is a hindsight chart now..

Don't get me wrong you need to be executing live.. but you also need to be studying the charts over and over and over..

You have to train your mind to see your setups... So you use forward learning by executing live and you study the charts historically as well..

And remember we're all trading real time and real time comes from the left so your best not to ignore it..

Cheers
Blue

Inserted Video
Master your Mind,,,Master the Market
  • #3,736
  • Oct 4, 2022 9:48am Oct 4, 2022 9:48am
Quoting bluesteele
Sometimes I'm silent sometimes I'm not there's a lot of nonsense posted online in general but this forum and even this thread is no different.. And this video is a perfect example.. we have so-called Traders on here saying you have to trade real time forget about the left... Last time I checked we all trade on the right side of the screen we all trade real time it's the only way to trade.. But where do you think the right side of the screen and the real time comes from it's all derived from the left think about it. Every professional I know goes...

Oh yeah ...

Spot on stuff.
Mark ... Everything you have been told is a LIE
  • #3,737
  • Oct 4, 2022 9:50am Oct 4, 2022 9:50am
Quoting MooNeyAI
Hi everybody. Really interesting trading system... I will try to read all the posts
This is not a system here. It is many systems, a number of them have their roots in some similar places.

Essentially each person who posts in this thread has their own specific system.
Mark ... Everything you have been told is a LIE
  • #3,738
  • Oct 4, 2022 10:02am Oct 4, 2022 10:02am
This is the best quote I found on that video. It took me 2 months.

"Traders, it is actually hard to LOSE if you follow this man for 6 months. Give it another 6 months beyond that, and it's hard to NOT win. Or, just keep complaining, I don't really mind either way."
Mark ... Everything you have been told is a LIE
  • #3,739
  • Oct 4, 2022 11:37pm Oct 4, 2022 11:37pm
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  • #3,740
  • Oct 5, 2022 12:00am Oct 5, 2022 12:00am
Quoting FocusWinReal
{image}
Frankfurt can give and take.
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