Flying Dutchman | Page 206 | 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

  • #4,101
  • Nov 9, 2022 2:36am Nov 9, 2022 2:36am
First trade for Wednesday. RN and Time as main confluences. Just 20 odd pips. 90% of my trades are reversal as i am still not able to see continuation or trend trades..lol. Trade Well All.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1.png Size: 20 KB
  • #4,102
  • Edited 4:10am Nov 9, 2022 3:56am | Edited 4:10am
Quoting whitesta
First trade for Wednesday. RN and Time as main confluences. Just 20 odd pips.
90% of my trades are reversal as i am still not able to see continuation or trend trades..lol. Trade Well All. {image}

Hi Whitesta,

Just my opinion but nice trade I reckon. And imo I dont actually call those reversal trades, yours above I mean.

To me the classic hard-coded reversal trade is one from a 'strict' target entry on the run down like the red candle four x 1mins before your entry.
Reversal traders are often trying to get price to bounce back off the very 1st touch of that RN750 (the 09:58 candle).

You showed good patience imho & waited until the Franky edit lol:London Open candle to see what direction momentum there might be,
as either a continuation or flip-over to the buy side
and then 2 candles later after it had breached the 750, this time to the upside, you entered.
Then exited at the Day Open Line where price stalled again.

It looked a good patient trade entry for mine after the new buy momentum had started at the top of that 3rd candle from the prior low (10:02).
Much safer than trying to predict the first RN750 touch on the way down as an automatic reversal point for entry.
Nice work

all the best
Pete
  • #4,103
  • Nov 9, 2022 4:43am Nov 9, 2022 4:43am
Quoting TimeTells
{quote} Hi Whitesta, Just my opinion but nice trade I reckon. And imo I dont actually call those reversal trades, yours above I mean. To me the classic hard-coded reversal trade is one from a 'strict' target entry on the run down like the red candle four x 1mins before your entry. Reversal traders are often trying to get price to bounce back off the very 1st touch of that RN750 (the 09:58 candle). You showed good patience imho & waited until the Franky edit lol:London Open candle to see what direction momentum there might be, as either a continuation...
Took someone's advice and looked at longer time frame - 15 mins and then zoomed to usual 5 minute. Came up with nice horizontals.
Not traded by -just tracking forex for now.
My Dax trade is over on Marks thread.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY_2022-11-09_10-40-04_ba631.png Size: 132 KB
every Saint has a past. Every Sinner has a Future
  • #4,104
  • Nov 9, 2022 5:09am Nov 9, 2022 5:09am
Quoting turnip15
{quote} Took someone's advice and looked at longer time frame - 15 mins and then zoomed to usual 5 minute. Came up with nice horizontals. Not traded by -just tracking forex for now. My Dax trade is over on Marks thread. {image}
Playbook trades, London Reversal , Shake-outs, Break of Structure, Add-ons, Continuation, Targets.

Recognise the set-ups by zooming out or higher TF view.

Attached Image (click to enlarge)
Click to Enlarge Name: 2022-11-09_10h50_42.png Size: 117 KB
It never gets easier, you just get better
  • #4,105
  • Nov 9, 2022 5:56am Nov 9, 2022 5:56am
Quoting Shabs19
{quote} Playbook trades, London Reversal , Shake-outs, Break of Structure, Add-ons, Continuation, Targets. Recognise the set-ups by zooming out or higher TF view. {image}
Another test chart for Cable. Unlike yesterday, even I could spot some trades.
Used 15 minute zoomed out and 5 minute for demo executions. The 5 minute could have been entered higher up Burke or "Roadmap" style.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD_2022-11-09_11-51-46_fde19.png Size: 169 KB
Click to Enlarge Name: GBPUSD_2022-11-09_11-53-24_4950d.png Size: 140 KB
every Saint has a past. Every Sinner has a Future
  • #4,106
  • Edited Nov 10, 2022 7:01am Nov 9, 2022 3:15pm | Edited Nov 10, 2022 7:01am
The only thing that matters is did you survive the day to do it again tomorrow.

Inserted Video
Mark ... Everything you have been told is a LIE
  • #4,107
  • Edited 9:52pm Nov 9, 2022 3:23pm | Edited 9:52pm
Quoting TimeTells
{quote} Hi Whitesta, Just my opinion but nice trade I reckon. And imo I dont actually call those reversal trades, yours above I mean. To me the classic hard-coded reversal trade is one from a 'strict' target entry on the run down like the red candle four x 1mins before your entry. Reversal traders are often trying to get price to bounce back off the very 1st touch of that RN750 (the 09:58 candle). You showed good patience imho & waited until the Franky edit lol:London Open candle to see what direction momentum there might be, as either a continuation...
Hi Timetells, Yes these days i tend to wait a bit longer for price to show its intention. At times it just continues with the trend even after giving few confluences. I try and look for momentum after a reversal candle mostly. Even then i get at it wrong sometimes...lol. Also i try to look for RNs, DO, WO, etc for profit taking. I don't really look for those long runs. Price has reversed on me many times so i am happy if i am able to bank 15 to 20 pips.

Trade Well All.
  • #4,108
  • Edited 12:18pm Nov 10, 2022 9:35am | Edited 12:18pm
Quoting whitesta
{quote} Hi Timetells, Yes these days i tend to wait a bit longer for price to show its intention. At times it just continues with the trend even after giving few confluences. I try and look for momentum after a reversal candle mostly. Even then i get at it wrong sometimes...lol. Also i try to look for RNs, DO, WO, etc for profit taking. I don't really look for those long runs. Price has reversed on me many times so i am happy if i am able to bank 15 to 20 pips. Trade Well All.
Not traded today. Just back and noticed sp500 going through the roof at 1:30pm UK time ?

What happened to cause sp500 to shoot up. I put up 4 hour chart with highs at level of sp price explosion long - relevant or not ??

5 Minute chart shown with "Roadmap" channel and levels

Any comments chaps??

Must be someone about
Attached Image(s) (click to enlarge)
Click to Enlarge Name: US500_2022-11-10_15-17-44_3c372.png Size: 161 KB
Click to Enlarge Name: US500_2022-11-10_15-32-59_e9066.png Size: 136 KB
every Saint has a past. Every Sinner has a Future
  • #4,109
  • Nov 10, 2022 9:41am Nov 10, 2022 9:41am
US inflation lower than expected. This is the hopium that rates will not be raised as much.


And this was only 0.2 less than guessed. 7.7 v 7.9

The big difference was from last report. 0.5 difference. 7.7 v 8.2


Time has a way of making inflation look less harmful. But the damage has been done and the central banks (all of them) were very late to the party.
Mark ... Everything you have been told is a LIE
  • #4,110
  • Nov 10, 2022 10:02am Nov 10, 2022 10:02am
Quoting spzd
US inflation lower than expected. This is the hopium that rates will not be raised as much. And this was only 0.2 less than guessed. 7.7 v 7.9 The big difference was from last report. 0.5 difference. 7.7 v 8.2 Time has a way of making inflation look less harmful. But the damage has been done and the central banks (all of them) were very late to the party.
The CB's are the Casino owners, they never lose. They can always print more money and squeeze out profits.
It never gets easier, you just get better
  • #4,111
  • Nov 10, 2022 10:12am Nov 10, 2022 10:12am
Quoting Shabs19
{quote} The CB's are the Casino owners, they never lose. They can always print more money and squeeze out profits.
I was referring to their response to inflation. It was obvious last year.
Mark ... Everything you have been told is a LIE
  • #4,112
  • Nov 10, 2022 10:19am Nov 10, 2022 10:19am
Quoting spzd
US inflation lower than expected. This is the hopium that rates will not be raised as much. And this was only 0.2 less than guessed. 7.7 v 7.9 The big difference was from last report. 0.5 difference. 7.7 v 8.2 Time has a way of making inflation look less harmful. But the damage has been done and the central banks (all of them) were very late to the party.
I do not think the Fed will change just because of the last data release.

https://www.forexfactory.com/news/11...of-data-is-not
Mark ... Everything you have been told is a LIE
  • #4,113
  • Nov 10, 2022 12:42pm Nov 10, 2022 12:42pm
Quoting turnip15
{quote} Not traded today. Just back and noticed sp500 going through the roof at 1:30pm UK time ? What happened to cause sp500 to shoot up. I put up 4 hour chart with highs at level of sp price explosion long - relevant or not ?? 5 Minute chart shown with "Roadmap" channel and levels Any comments chaps?? Must be someone about {image} {image}
So it hit the highs of the 4 Hour High of October - but would you experienced traders use that time frame for such an analysis way back in October thinking it relevant to a 5 minute time frame on the SP500?
Maybe the sudden rise in price from the pre New York market open would cause you to look back, on such a longer time frame, for a target level to aim for, as a minimum?
Attached Image (click to enlarge)
Click to Enlarge Name: US500_2022-11-10_18-36-16_98854.png Size: 133 KB
every Saint has a past. Every Sinner has a Future
  • #4,114
  • Nov 10, 2022 1:35pm Nov 10, 2022 1:35pm
Quoting spzd
{quote} I was referring to their response to inflation. It was obvious last year.
They are always conveniently absent when it suits them, like the financial crash 2008

Like I said they never lose.
It never gets easier, you just get better
  • #4,115
  • Nov 10, 2022 11:45pm Nov 10, 2022 11:45pm
Quoting whitesta
{quote} Hi Timetells, Yes these days i tend to wait a bit longer for price to show its intention. At times it just continues with the trend even after giving few confluences. I try and look for momentum after a reversal candle mostly. Even then i get at it wrong sometimes...lol. Also i try to look for RNs, DO, WO, etc for profit taking. I don't really look for those long runs. Price has reversed on me many times so i am happy if i am able to bank 15 to 20 pips. Trade Well All.
A little tiny weeny quickie 8 pips. Pre Euro AUD.
Attached Image (click to enlarge)
Click to Enlarge Name: 11.11.22AUDUSD.aM1.png Size: 29 KB
  • #4,116
  • Nov 11, 2022 7:59am Nov 11, 2022 7:59am
Quoting Shabs19
{quote} Playbook trades, London Reversal , Shake-outs, Break of Structure, Add-ons, Continuation, Targets. Recognise the set-ups by zooming out or higher TF view. {image}
Cable experiment - not traded by me.
Look at Cable and those BRN's
E/J and G/J were better though for "trendiness" trading

Comments welcome
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD_2022-11-11_12-55-22_4d2a9.png Size: 160 KB
Click to Enlarge Name: EURJPY_2022-11-11_12-28-39_9529d.png Size: 178 KB
every Saint has a past. Every Sinner has a Future
  • #4,117
  • Nov 11, 2022 9:36am Nov 11, 2022 9:36am
Quoting turnip15
{quote} Cable experiment - not traded by me. Look at Cable and those BRN's E/J and G/J were better though for "trendiness" trading Comments welcome {image} {image}
No more posts after today. Just littering this thread with too much chattering to myself
every Saint has a past. Every Sinner has a Future
  • #4,118
  • Nov 12, 2022 4:23am Nov 12, 2022 4:23am
Crypto!

Safe as houses!!

https://www.dailymail.co.uk/news/art...X-sources.html
  • #4,119
  • Nov 12, 2022 10:58am Nov 12, 2022 10:58am
Happy Saturday all. Big evening for the UFC, anyone around watching the fights tonight?
Swing the AXE..HARD w/ Effort, Consistency and Patience
  • #4,120
  • Nov 12, 2022 11:21am Nov 12, 2022 11:21am
Quoting moodybot
Crypto! Safe as houses!! https://www.dailymail.co.uk/news/art...X-sources.html
Hi Andy ! Nice to see you here

Aaahhh yes billions missing funneled from FTX exchange (clients $$) to Alameda Research (ran by his gf) LOL
....and now apparently AMID a bankruptcy FTX has been hacked draining 600 million from them....

BUT even better we have the prolific petulant martingaling gambler blabbing nonsense as usual on his thread that get this....FX is a scam full of scammers...
Hmmm is that what psychologists call Projection ? But I guess with volumes declining in the crypto world it must pose a challenge for some. Need to rustle up
some fresh meat to get into his game.
The failure of one exchange like FTX could affect Bybit or others depending on their exposure.... A dicey world at best. And I hear many have pulled money from certain exchanges at the moment due to the uncertainty surrounding FTX.

Perhaps the fallout from FTX/Alameda and perhaps others will bring about more calls for regulations etc...Which then may change trading conditions that
are currently being exploited by some.

So I think I will stick with FX/CFDs....for now...
Master your Mind,,,Master the Market
8 traders viewing now