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Flying Dutchman

  • #4,021
  • Oct 27, 2022 4:12am Oct 27, 2022 4:12am
Quoting turnip15
{quote} All hail the horizontal line Simple but effective. Only took me half a lifetime to find that out.
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It never gets easier, you just get better
  • #4,022
  • Oct 27, 2022 4:20am Oct 27, 2022 4:20am
Quoting Shabs19
{quote}
Yes I remember FxPrimate, I didn't have any problem with him, seems to have gone really quiet these days. I hope he's OK.

Exactly, the difference sometimes between an FF profile poster, and their real self is fascinating.

From arguing on a thread, to even deciding to chat together, then to get down to talking trading and exchanging ideas was a big eye-opener for me after I joined.

(The nonsense that goes on in some threads that kills discussions is lost opportunity imo.)

Who cares, we trade on !
  • #4,023
  • Oct 27, 2022 4:56am Oct 27, 2022 4:56am
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It never gets easier, you just get better
  • #4,024
  • Oct 27, 2022 6:17am Oct 27, 2022 6:17am
Quoting Shabs19
{quote} Hi TT, I have looked at your GJ chart you posted, Daily Open looks different, is that at 0:00 hrs ? My chart although I dont trade Asia Open, as I am sleeping then. My chart looks like this and the trade entries are clear: {image}
Hi Shabs,
As I keep saying...pain in the frikin ass this random "open" price fiasco. You'd think they were deliberately trying to upset our chart analysis

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  • #4,025
  • Oct 27, 2022 6:38am Oct 27, 2022 6:38am
Quoting Danger-Mouse
{quote} Hi Shabs, As I keep saying...pain in the frikin ass this random "open" price fiasco. You'd think they were deliberately trying to upset our chart analysis {image}
Brokers with GMT+0 seem to have this problem. I looked at the another platform (UK broker) and I get the chart you posted.

Find a broker with GMT+2 as it reflects US Close and eliminates Sunday candles as a bonus.

Price below DO is a good indicator of Market Bias, especially if it is rejected like today.
It never gets easier, you just get better
  • #4,026
  • Oct 27, 2022 6:44am Oct 27, 2022 6:44am
Quoting Shabs19
{quote} Brokers with GMT+0 seem to have this problem. I looked at the another platform (UK broker) and I get the chart you posted. Find a broker with GMT+2 as it reflects US Close and eliminates Sunday candles as a bonus. Price below DO is a good indicator of Market Bias, especially if it is rejected like today.
Sorry..missed out the timestamp on cut'n'paste. My charts are GMT+2 ....specifically, as u say, to avoid Sunday candles.

NYC 5pm = midnight on my chart.
UK 8am = 10 am on chart
NYC equities open 9:30am = 16:30 chart time
  • #4,027
  • Oct 27, 2022 6:52am Oct 27, 2022 6:52am
Try this one guys,

Day Open Line Indi

Inputs can be adjusted to extra positive OR negative

See what lines up to your own suiting.

You could also adjust Intra-Day if you wanted to Start at New York Open for example ie it's Start Time flexible.
Attached File(s)
File Type: mq4 Daily_Open_Line_mod-x.mq4   3 KB | 380 downloads
  • #4,028
  • Oct 27, 2022 7:04am Oct 27, 2022 7:04am
Quoting Danger-Mouse
{quote} Sorry..missed out the timestamp on cut'n'paste. My charts are GMT+2 ....specifically, as u say, to avoid Sunday candles. NYC 5pm = midnight on my chart. UK 8am = 10 am on chart NYC equities open 9:30am = 16:30 chart time
On both your chart & TT's chart opens match mine, although the diffrence is a huge Gap down on your charts with 23.45 & 0.00 candles of 20 pips ( Strange).

I don't expect that big a gap on a weekday, Unless there is major News, which there wasn't today.

Normally I would expect gaps like that on a weekend / monday Open.

Quoting TimeTells
Try this one guys, Day Open Line Indi Inputs can be adjusted to extra positive OR negative See what lines up to your own suiting. You could also adjust Intra-Day if you wanted to Start at New York Open for example ie it's Start Time flexible. {file}
It's not the indicator, I think some charting packages have missing data producing a gap when there shouldn't be one.

Edit: Anyway it shouldn't upset analysis too much, as long as you know what levels you are looking for to be broken & retested.
It never gets easier, you just get better
  • #4,029
  • Oct 27, 2022 7:20am Oct 27, 2022 7:20am
Quoting Danger-Mouse
{quote} Hi Shabs, As I keep saying...pain in the frikin ass this random "open" price fiasco. You'd think they were deliberately trying to upset our chart analysis {image}
My open. Midnight = 5pm NY Time for first bar is 00:25

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Mark ... Everything you have been told is a LIE
  • #4,030
  • Edited 8:41am Oct 27, 2022 8:21am | Edited 8:41am
I don't go lower than 15m charts, too much for me, can't see the forest for the trees..........

What I call a Paid Return Ticket. I leave a gap to the right side of chart to add any notes.

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It never gets easier, you just get better
  • #4,031
  • Oct 27, 2022 5:02pm Oct 27, 2022 5:02pm
Quoting Shabs19
{quote}
It's not the indicator, I think some charting packages have missing data producing a gap when there shouldn't be one.
Edit: Anyway it shouldn't upset analysis too much, as long as you know what levels you are looking for to be broken & retested.
Hi Shabs,

Yes def not the indis we use, which merely link to the price by candle assessed.

I have since checked 4 different charting packages I have access to and all four had a gap yesterday on the GJ opening.

It could be missing data, we can never know if they all use the same Liquidity Providor or group of providers to average their price display.
Widening spread could also play a part who knows, but to me yesterday was a gap which actually helps me agree in my mind (so just imho) that for the CURRENT day The Open Price IS more valid than the soft price printed on the LAST 1min candle from 'yesterday' that is called the Close (tho I would love to know where a Close Price would END on the same day in question and before the event lol)

AND, how much spread was on the table in those final minutes BEFORE Day Close before they lock us all out prior to the Final price on the Final 1min candle,
which could accentuate BOTH the Close and then the Open price.

My validated broker price had the least of the pip gap lol of the four I looked at, with one having a massive 70 pip gap ffs.

So I can happily work with my current printouts, as validated for my use from the past three years observations.

What I could NEVER work with is using MATHS (and I can use maths lol) as data from the Close Or Open price to create a formula for what price might do next.

Cheers pal.
  • #4,032
  • Oct 28, 2022 1:10am Oct 28, 2022 1:10am
Just 1 trade for the week. Was trying to be very careful with the entry and my analysis. A little late entry with just 26 pips profit. Trade Well all.
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  • #4,033
  • Oct 28, 2022 1:53am Oct 28, 2022 1:53am
Quoting TimeTells
{quote} Hi Shabs, Yes def not the indis we use, which merely link to the price by candle assessed. I have since checked 4 different charting packages I have access to and all four had a gap yesterday on the GJ opening. It could be missing data, we can never know if they all use the same Liquidity Providor or group of providers to average their price display. Widening spread could also play a part who knows, but to me yesterday was a gap which actually helps me agree in my mind (so just imho) that for the CURRENT day The Open Price IS more valid...
Hi TT,

I agree with you, We only have data that is available to us. Corrupt data is the bane of traders.

How I often check if there is some manipulation is check previous days candles, maybe 2-3 days to see if there is a regular occurence at those times.

For me, I look at the most current candle info that is available going left and draw levels that I think will show some reaction based on my criteria.

As it happens, the levels drwan yesterday at the low form UK Open were relevant again today. The same traders stepping in to BUY, but was preceeded by
a SELL-OFF. Classic move. 75 pips again.

All done without VOLUME or MATHS. Just the Simple Humble Horizontal Line. OMG.
It never gets easier, you just get better
  • #4,034
  • Oct 28, 2022 2:08am Oct 28, 2022 2:08am
Look at you two lads, Shabs & Whitesta killing 'em.

All visuals both, no hard maths, horizontal lines and keen observations.


My only wish is I could say I joined that trade also hahaaa.

But no,

I only just logged on, so Kurodo speech must be over (damn daylight savings lol)

Well done guys, this is trading as I would look at it, nothing fancy required, good interpreatations of market behaviour is all.
  • #4,035
  • Oct 28, 2022 2:55am Oct 28, 2022 2:55am
I never get tired of this scene in Casino Royale, Some great acting. Bond comes back after being poisoned suffering a cardiac arrest.....

Le Chiffre shocked to seehim back.........

Bluff & counter Bluff.

Inserted Video
It never gets easier, you just get better
  • #4,036
  • Oct 28, 2022 3:23am Oct 28, 2022 3:23am
@spzd
And friends


Dax round up.
Marked up chart with usual channel trades and those of Burke ( or what I think are Burke entry types)
Rectangles - yellow - are my entries whereas the circles are Stacey Burke levels?
Lines 1 - 3 - 5 are 15 and 5 minute levels way off left and lines 2 and 4 are immediately close levels drawn within the hour before the UK Equity Open ( 8am) -my thinking was that the immediate levels ( hour prior to US equity open) would have some effect on price?
Line one broke a previous longer term high + 25 level + open line maybe also a pump up 123?
Line 2 might qualify as a break of previous formation high - near term.
Lines 3 and 4 - not sure they help any ?
Line 5 - longer term level and bounce of 50 level

Any helpful analysis anyone?
Thanks
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every Saint has a past. Every Sinner has a Future
  • #4,037
  • Oct 28, 2022 4:50am Oct 28, 2022 4:50am
Quoting Shabs19
{quote} Just out of curiosity, why do you like trading DAX ? No criticism intended. There are a lot more easier charts to analyse than this one. It can be done, don't get me wrong, just too many levels & confusion for me. IMHO. Edit: Hindsight chart, but these are the levels that stick out : {image}
I live in the Uk and it is convenient, a habit I suppose. What Index would you look at ?
every Saint has a past. Every Sinner has a Future
  • #4,038
  • Oct 28, 2022 6:22am Oct 28, 2022 6:22am
Quoting turnip15
{quote} I live in the Uk and it is convenient, a habit I suppose. What Index would you look at ?
I just stick to majors in currencies. Can get an overall view of Money Flow and trade the strongest vs weakest.

BTW I also live in the UK.
It never gets easier, you just get better
  • #4,039
  • Oct 28, 2022 7:15am Oct 28, 2022 7:15am
Quoting Shabs19
I never get tired of this scene in Casino Royale, Some great acting. Bond comes back after being poisoned suffering a cardiac arrest..... Le Chiffre shocked to seehim back......... Bluff & counter Bluff. https://www.youtube.com/watch?v=JpvW1T7hXjo
Haha..nice one Shabs.

I remember after Skyfall came out, everybody driving to Glen Etive to recreate the famous scene. Of course I went before winter had set in...idiot !
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A lot of peeps spent a lot more time getting the shot right...
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  • #4,040
  • Edited 8:14am Oct 28, 2022 7:34am | Edited 8:14am
Quoting Danger-Mouse
{quote} Haha..nice one Shabs. I remember after Skyfall came out, everybody driving to Glen Etive to recreate the famous scene. Of course I went before winter had set in...idiot ! {image} A lot of peeps spent a lot more time getting the shot right... {image}{image}
Fantastic, it's actually on Google Maps as Skyfall Film Location. Never knew that.

I see you took M with you.

Mads Mikkleson by far the best Bond Villain, imagine we are trading against him everyday.

Edit: I remeMber the Aston Martin Toy Car in the shops, with the machine guns & ejector seat.............
It never gets easier, you just get better
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