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Flying Dutchman

  • #4,041
  • Oct 28, 2022 9:35am Oct 28, 2022 9:35am
Posted this elsewhere but I would like comment from any Stacey Burke or other style trader

Saw this on sp5oo -several tails bouncing along 3828:00 and longed after pin that broke my channel ( red line)

Waited ages for this trade because I saw nothing to get me in earlier.
Did anyone trade earlier than my trade today, thus far ?

That long green bar just after US Equity open took off whilst I was staring at it
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every Saint has a past. Every Sinner has a Future
  • #4,042
  • Oct 28, 2022 9:38am Oct 28, 2022 9:38am
Quoting turnip15
Posted this elsewhere but I would like comment from any Stacey Burke or other style trader Saw this on sp5oo -several tails bouncing along 3828:00 and longed after pin that broke my channel ( red line) Waited ages for this trade because I saw nothing to get me in earlier. Did anyone trade earlier than my trade today, thus far ? That long green bar just after US Equity open took off whilst I was staring at it {image}
Stop to 3850
every Saint has a past. Every Sinner has a Future
  • #4,043
  • Oct 28, 2022 9:48am Oct 28, 2022 9:48am
Quoting turnip15
{quote} Stop to 3850
Duplicate post.


Lets see what happens now as ADR and previous High loom into view

Stop to 3860
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every Saint has a past. Every Sinner has a Future
  • #4,044
  • Oct 28, 2022 9:51am Oct 28, 2022 9:51am
Closed 3866
Nearly 4pm here so I will call it a day.
every Saint has a past. Every Sinner has a Future
  • #4,045
  • Oct 28, 2022 9:54am Oct 28, 2022 9:54am
Done well so far. Seems to be a nice creature so far the SP500.Maybe Spzd has a point that this instrument is worth following.
But I still have more to learn for sure.
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every Saint has a past. Every Sinner has a Future
  • #4,046
  • Oct 28, 2022 10:06am Oct 28, 2022 10:06am
Quoting Shabs19
{quote} 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 remeber the Aston Martin Toy Car in the shops, with the machine guns & ejector seat.............
Classic toy !!..Ahh..those were the days..who needed these smartphone things? Just a couple of classic Bond cars.. the Six Million Dollar man with the telescopic eye and bionic arm that could lift a frikin car engine..and maybe action man with his helicopter and inflatable assault craft

The Lotus Esprit was great too with it's rear missiles that you could fire at the dog.

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  • #4,047
  • Oct 28, 2022 6:22pm Oct 28, 2022 6:22pm
Nothing much else to do on Weekends, except some Preparations.

(Well I'm actually out for lunch soon, & probably a wet one, so got this in quick )

Have a great weekend, all.


.
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  • #4,048
  • Oct 29, 2022 5:17am Oct 29, 2022 5:17am
Quoting TimeTells
Nothing much else to do on Weekends, except some Preparations. (Well I'm actually out for lunch soon, & probably a wet one, so got this in quick ) Have a great weekend, all. . {image}
Anything can happen over a weekend...... ask Nick Leeson.

And of course :

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It never gets easier, you just get better
  • #4,049
  • Edited 12:24pm Oct 29, 2022 7:13am | Edited 12:24pm
Don't forget Daylight Savings Time,

UK & Europe 1 hour back 29th Oct.

USA & Canada 1 hr back 6th Nov.

Session Opens will skew for 1 week.

Australia & NZ already forward 1hr 2nd Oct

Japan doesn't observe DST
It never gets easier, you just get better
  • #4,050
  • Oct 29, 2022 7:57am Oct 29, 2022 7:57am
Quoting bluesteele
Lines in trading.. Like all aspects of trading books could be written just on the subject of lines and how to use them. As Viktor said and we all know pictures say alot. And as I had mentioned to Viktor statements etc can all be fudged and altered.... But what cant be altered is the charts...So if you want to learn or understand better or entertain different ideas charts of others are great tools. So here are some charts that lay out 2 hard set data points. Time and Price... Now time is set in stone..The opens of the London Stock Market and the...
Are you saying that price -from the open - often returns to the open level?
Would it happen this quickly within a session?
( Ignoring other levels and patterns at this point )
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every Saint has a past. Every Sinner has a Future
  • #4,051
  • Oct 30, 2022 2:15am Oct 30, 2022 2:15am
Quoting Shabs19
Don't forget Daylight Savings Time, UK & Europe 1 hour back 29th Oct. USA & Canada 1 hr back 6th Nov. Session Opens will skew for 1 week.
Australia & NZ already forward 1hr 2nd Oct Japan doesn't observe DST



(Aust forward 1hr already = bar Qld where I reside lol,
I screw'd up Friday waiting for Karudo speech
as it was quoted online in GMT hours
which I then converted to Aust time
but didnt double check that meant Sydney LOL, 1 hour ahead of me,
ie I should have logged on an hour earlier
anyway, still learning here, cheers ! )

Last day of the month tomorrow folks,
(many of the big'uns will be closing off their ledgers,
and it could get interesting come New York, maybe, we shall see)
  • #4,052
  • Edited 5:10am Oct 30, 2022 4:50am | Edited 5:10am
Quoting TimeTells
{quote} (Aust forward 1hr already = bar Qld where I reside lol, I screw'd up Friday waiting for Karudo speech as it was quoted online in GMT hours which I then converted to Aust time but didnt double check that meant Sydney LOL, 1 hour ahead of me, ie I should have logged on an hour earlier anyway, still learning here, cheers ! ) Last day of the month tomorrow folks, (many of the big'uns will be closing off their ledgers, and it could get interesting come New York, maybe, we shall see)
https://www.timeanddate.com/time/change/australia

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I knew Australia was big, so like USA I would expect 2 timezones at least.

Didn't realise that most of AUS doesn't bother with DST.
It never gets easier, you just get better
  • #4,053
  • Oct 30, 2022 6:55am Oct 30, 2022 6:55am
Quoting Shabs19
{quote}
https://www.timeanddate.com/time/change/australia {image}
I knew Australia was big, so like USA I would expect 2 timezones at least.
Didn't realise that most of AUS doesn't bother with DST.

Hahaa, yep, there's three timezones in total,

And with the DST there were three states that said shove it
(interestingly the 3 largest states, by landmass, didn't buy into DST).

I'm ambivalent to it all though ,
Give me a set Asia Box & the London Open (and some music) and that'll do me
  • #4,054
  • Oct 30, 2022 8:18am Oct 30, 2022 8:18am
Quoting turnip15
{quote} Are you saying that price -from the open - often returns to the open level? Would it happen this quickly within a session? ( Ignoring other levels and patterns at this point ) {image}
That's a "yes" then
every Saint has a past. Every Sinner has a Future
  • #4,055
  • Oct 30, 2022 8:50am Oct 30, 2022 8:50am
Quoting turnip15
{quote} That's a "yes" then
Why does price return to the Open early on ? To take out stops of traders who have either entered late or gone to BE.

This way they can reload their own orders.
It never gets easier, you just get better
  • #4,056
  • Oct 30, 2022 12:31pm Oct 30, 2022 12:31pm
Quoting turnip15
{quote} That's a "yes" then
Hey T..hahaha Yep but heres the rub...

Al Brooks has traded and studied the ES SPX for decades He has tremendous insight into the
mechanics of the "Open" For example the 18 bar window (5m bars) and the probabilities of
what and where price will go with that timeframe basis.( I have written many times in the past about this 18th bar is 90% prob H/L is set)

And this is where he has came up with 20% of days will be trend days on the SPX/indices. (see pic)
So there are traders/algos that will enter the open after say the first 5m bar forms bearish or bullish and just go with that bias.
Long or short off the open...and 20% of the time according to Brooks you will nail those trades...

I have studied this alot and Its part of my "playbook" or setups

So as Shabs has Bang On eluded to... YES price will revisit the open OR somewhere near the open to clean up liquidity from the traders/algos that
simply buy or sell off the open..

Plot the open price at 930am NYT and just go thru the days and months and years lol..and you will see patterns develop.

Or watch some of the Al Brooks vids on trading the open.

Heres a good one.. Al goes over the probabilities of first 18 bars in first part of vid..

Cheers
Blue

Inserted Video


and an example of the first 5m bar on open.
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Master your Mind,,,Master the Market
  • #4,057
  • Oct 30, 2022 1:32pm Oct 30, 2022 1:32pm
Saw this tweet yesterday and thought Hmmm that sounds familiar
And it is so true....Many many many professionals will trade a simple horizontal line,,,,that is trading.
I know I have had countless very successful trades off a simple horizontal line....

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The GA has been an exceptional pair to trade in October...with many setups based on classic chart patterns....Ascending triangles, wedges,DTs DBs...
some great "Pete inflections" that broke the patterns and gave entries as double bottoms etc.... FVGs/Liquidity gaps filled and reversed etc etc
Really great chart to study IMO the GA... I have had many trades Long short all based off the above...some of which I have posted in recent previous posts...

No HINDSIGHT this HORIZONTAL LINE was known far in advance...drawn far in advance,,,and traded when price hit it...No magic involved... No gambling like some of the Delta traders do...Martingaling down 7 levels etc..

Plus a great trade off a simple powerful horizontal line at 1.81765(George).... Look at the Daily and the PA around that for the last 5 yrs....
Also worth noting ....The 2022 yearly open as marked with dashed blue line on chart with yearly H/L FIB.... yearly open near the 78.6 Fib...just something I will have in back of my mind IF price goes anywhere near there...But lots of liquidity left below as well....

Cheers
Blue
Master your Mind,,,Master the Market
  • #4,058
  • Oct 30, 2022 2:33pm Oct 30, 2022 2:33pm
Quoting bluesteele
{quote} Hey T..hahaha Yep but heres the rub... Al Brooks has traded and studied the ES SPX for decades He has tremendous insight into the mechanics of the "Open" For example the 18 bar window (5m bars) and the probabilities of what and where price will go with that timeframe basis.( I have written many times in the past about this 18th bar is 90% prob H/L is set) And this is where he has came up with 20% of days will be trend days on the SPX/indices. (see pic) So there are traders/algos that will enter the open after say the first 5m bar...
Al Brookes has a vast amount of video's etc. I only came across mention of him recently - Does he actually trade these days?
And thanks for the homework
I have a growing reading and test file. Since coming to this thread it has swollen, somewhat, with brilliant reading material and test ideas
Thanks again all those who have shared their experience and knowledge
every Saint has a past. Every Sinner has a Future
  • #4,059
  • Oct 30, 2022 10:42pm Oct 30, 2022 10:42pm
Quoting TimeTells
Nothing much else to do on Weekends, except some
Preparations.

Personally I have no idea where the market will go. But more importsntly it does not matter so much to me.
I have an idea, but the market has proven me wrong on many occasions.
I am only keen to observe what the Market does. That's what interests me.

So I'm happy yes to have areas on my charts,
NOT of where I WILL trade, but where I start to take an interest,
If the market & other traders take an interest there, so might I.

(I smile, I guess when the market plays out sure, sneak in for a little, that's our business).

So the Chart in the quote above was a Preparation Chart.
None of my charts are posted as Trade charts.
They are to reinforce TO ME that our markets are highly organised, and then I am ok to continue to trade them.

If the market made no sense to me, or I was reliant on a indicator etc etc ,to "tell me" what was going on,
then I might as well go back to the gee-gees.

But no need, the markets are highly organised.
They go somewhere, they can then bust through, and then reverse, then come back & rotate etc. Daily. Repetitively. But NOT an exact replica.

Today is END OF MONTH, CLOSE OF BIZ, 23:59.
Will the market at some point try & trap & extract from us LOL. Who knows, keep our eyes open

(preparation chart to live chart)

.
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  • #4,060
  • Oct 30, 2022 10:42pm Oct 30, 2022 10:42pm
A200 invariably returns to DO at some stage of the day
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