Menu

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Build an Equity Millipede with the filtered Flying Buddha 172 replies

Equity millipede & Flying Buddha trading journal 9 replies

Flying buddah pattern 20 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

Quoting bluesteele
{quote} Replying to Turnips post here to address the question in a more general manner to others ....Like Pete says we can only be prepared for an interaction AT a level/line etc... Whether its a DOL HOD LOD HOW LOW BRN QN WQUITY OPEN ETC ETC ETC ... Then decide what to do...There is no blindly trading off a line ..... Everything with context and confluence thru our own set of RULES and FILTERS.... So will price return to the Open today? Well we dont know until it does and it did today.... Time to apply the tools in your trading toolbox....
First of all it is unfair and cruel to show me FVGaps - I see them all over the place but which one's matter?
I am a big fan of levels and Roadmap as you know. The one hour box is, to me , a great tool to focus on price action and learn its various reactions to the open and box in general and what happens after that hour.
Don't forget I finish my trading shift after two and a half hours then wait for USA open and trade that for two and a half hours.
Blindly trading off a line is a no no; one has to look at price action around that level, which I am still learning to do.
Fantastic input from yourself and others here; quality debate and useful knowledge sharing with those more experienced than me,
I am still learning but what a classroom here and what great people who are willing to share.
every Saint has a past. Every Sinner has a Future
Boxes & ADR
Attached Image(s) (click to enlarge)
Click to Enlarge Name: UK100H1c.png Size: 30 KB
Click to Enlarge Name: UK100M30.png Size: 36 KB
Click to Enlarge Name: UK100M30a.png Size: 37 KB
Cable at 10:30am done for morning. Hope I showed proper use of the hourly box.
If not then comment welcome
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_2022-11-24_10-38-49_07578.png Size: 139 KB
every Saint has a past. Every Sinner has a Future
Dax roundup
ONE Long worked well off level.
Outside of box one failed long and one failed short triggered my habit of drawing in a box around failed high and low and to await any decisive break which didn't happen before my session finish. Dax has a habit of shooting away then hovering about for a while.
Pleased so far - much to learn from the helpful guys here.
Back later
Attached Image (click to enlarge)
Click to Enlarge Name: GER30_2022-11-24_10-47-10_95b7a.png Size: 155 KB
every Saint has a past. Every Sinner has a Future
That time of day now
Attached Image (click to enlarge)
Click to Enlarge Name: dogwalk.jpeg Size: 7 KB
every Saint has a past. Every Sinner has a Future
Quoting TimeTells
{quote} Hi FWR, I did find it a tough slog to get through. While I am always looking for something different or new, if you know what I mean, and I found what I wanted. While his Time Compression is not my Inflection lol, there are similarities, while his are always tops & bottoms of charts I guess, His "big swings eventually return to their starting point' gell'd with a lot of my own thinking. and "losing traders are trying to predict where the market is going, while winning traders are attempting to participate with what is happening", I liked...
Hi TT,
Your comment makes more sense after having read some of his words - which are interesting. Net losing traders and net winning traders. Observers vs evaluators. Lot of reading left yet. Good to hear you talk about his stuff however. I like how he was up front with saying he kept losing until he did what the net winners did. Learning or getting perspective from those that have nearly gone broke but persevered with it is key.

Cheers...
Quoting turnip15
{quote} Which in my case is 8am to 9am UK time ?
My opinion is that the institutions are not bound by time constraints. This is how we think and the vast majority of traders.

We have to look for accumulation on the charts, this most likely occurs before a market opens and in which session, and it could be in any session.

The market will always find liquidity because thats where the money is, to make a deal.

The Dax went back to the Asia Open for liquidity, and it did this softly, softly with sideways movement.

The intention to Buy was there. Look how it dipped twice there.

Sometimes you have to "Think outside of the Box".
The Only Limit, is the One that you Set Yourself - Felix Baumgartner
  • #4,288
  • Quote
  • Edited 8:00am Nov 24, 2022 7:28am | Edited 8:00am
Quoting Shabs19
{quote} My opinion is that the institutions are not bound by time constraints. This is how we think and the vast majority of traders. We have to look for accumulation on the charts, this most likely occurs before a market opens and in which session, and it could be in any session. The market will always find liquidity because thats where the money is, to make a deal. The Dax went back to the Asia Open for liquidity, and it did this softly, softly with sideways movement. The intention to Buy was there. Look how it dipped twice there. Sometimes...
Agreed - I marked that on my chart. Some of Stacey Burkes approach resonates with my approach
( I was probably late in again for a long ( thumbs up symbol)?
Attached Image (click to enlarge)
Click to Enlarge Name: GER30_2022-11-24_12-52-02_f49a5.png Size: 147 KB
every Saint has a past. Every Sinner has a Future
  • #4,289
  • Quote
  • Edited 7:59am Nov 24, 2022 7:46am | Edited 7:59am
Quoting Shabs19
{quote} My opinion is that the institutions are not bound by time constraints. This is how we think and the vast majority of traders. We have to look for accumulation on the charts, this most likely occurs before a market opens and in which session, and it could be in any session. The market will always find liquidity because thats where the money is, to make a deal. The Dax went back to the Asia Open for liquidity, and it did this softly, softly with sideways movement. The intention to Buy was there. Look how it dipped twice there. Sometimes you...
I also agree with your view
Now days trading is World-Wide and 24hrs a day, but most of us, prefer to only trade when we are awake and In front of our screen
Yes we do also have the ability to
Look Left

ps
Now Banked at the Open
Attached Image(s) (click to enlarge)
Click to Enlarge Name: UK100H1d.png Size: 30 KB
Click to Enlarge Name: UK100H1e.png Size: 31 KB
  • #4,290
  • Quote
  • Edited 3:41pm Nov 24, 2022 8:01am | Edited 3:41pm
Lastly
Pound rumbled on. My long would have been the "thumbs up" symbol. I would have missed the Pin, for a potential long, shown earlier

NOTE: USA Holiday today
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_2022-11-24_12-59-55_27548.png Size: 127 KB
every Saint has a past. Every Sinner has a Future
Quoting bluesteele
{quote} Replying to Turnips post here to address the question in a more general manner to others ....Like Pete says we can only be prepared for an interaction AT a level/line etc... Whether its a DOL HOD LOD HOW LOW BRN QN WQUITY OPEN ETC ETC ETC ... Then decide what to do...There is no blindly trading off a line ..... Everything with context and confluence thru our own set of RULES and FILTERS.... So will price return to the Open today? Well we dont know until it does and it did today.... Time to apply the tools in your trading toolbox....
No - you said it again......Fair Value Gap. I just looked again and saw one on the Dax ( Marked by elipse ) just now when going over the chart again.
That might also account for an earlier long had I seen it. Price came back to fill it ( dip into the liquidity pool) and took off
Attached Image (click to enlarge)
Click to Enlarge Name: GER30_2022-11-24_13-08-20_623d1.png Size: 137 KB
every Saint has a past. Every Sinner has a Future
Quoting turnip15
{quote} No - you said it again......Fair Value Gap. I just looked again and saw one on the Dax ( Marked by elipse ) just now when going over the chart again. That might also account for an earlier long had I seen it. Price came back to fill it ( dip into the liquidity pool) and took off {image}
Turnip
Hope you do not mind
My style of looking at things
Not exactly the correct way which I accept
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GER30H1a.png Size: 31 KB
Click to Enlarge Name: GER30H1b.png Size: 35 KB
Quoting turnip15
{quote} No - you said it again......Fair Value Gap. I just looked again and saw one on the Dax ( Marked by elipse ) just now when going over the chart again. That might also account for an earlier long had I seen it. Price came back to fill it ( dip into the liquidity pool) and took off {image}
Even the FTSE had a FVG this morning albeit had I been trading it Would have only traded the third arrow because I am sure I would have missed the Pin short bounce off the open line ( First Arrow) and been to slow to catch the long off the second arrow as the Pin dipped into a liquidity pool via the FVGap further to the left.
Other levels noted as well.

USA has a Holiday today.

Apologies to both my readers for posting far too many "brain farts"

Back tomorrow for the Dax
Attached Image (click to enlarge)
Click to Enlarge Name: UK100_2022-11-24_13-34-39_4fff1.png Size: 127 KB
every Saint has a past. Every Sinner has a Future
Line is good, but there are basic things that is not being talked.
Hello from the future
Attached Image (click to enlarge)
Click to Enlarge Name: us30daily.png Size: 8 KB
Quoting Ihlas
Line is good, but there are basic things that is not being talked. Hello from the future {image}
Well would be great if you put in more info cos this chart ain't helping anyone. If you're just posting to show that you know a lot then congrats but that is not the point of this thread. Sharing a chart with no notes is not helpful at all.
Quoting Ihlas
Line is good, but there are basic things that is not being talked. Hello from the future {image}
Hi Ihlas,

I'm assuming you posted that as the US30 has returned to that high... Is their something you would like to share with all of us to add some context to your chart ? As Whitesta said just the chart alone doesn't really help anyone..

If you traded the US30 from that bottom for 500 pts that's awesome

But elusiveness really doesn't help us mortals operating in the present lol... Some more details would be helpful to many I am sure...

Cheers
Blue
Master your Mind,,,Master the Market
Quoting bluesteele
{quote}
Some more details would be helpful to many I am sure... Cheers Blue
Quoting whitesta
{quote}
Sharing a chart with no notes is not helpful at all.


All fair points guys. While the hard work is always with the trader themselves. Thanking those that contribute is also good form from us.

Many share charts that express great trades & setups.
While others, like Ihlas likes to show concepts & perspectives, imho, rather than the "trade here or there and for this reason" chart etc.

Each chart has some value, for me, so thanks to all contributors.

Maybe Ihlas will explain his thoughts, I would be interested also.
His chart throws me back to many of my own hindsight perceptions (and also the Jankovsky read earlier brought to us by FWR.)

Quoting FocusWinReal
{quote}
Mr Jankosky gives some good insight TT. Not from just a retail perspective but from his work in the industry. Giving the compression book a read at the moment so can't comment on that until finished. I found his video refreshing after having read his first book over 12 years ago.
FWR
https://www.forexfactory.com/thread/...9#post14228719


Everything is a piece of a jigsaw puzzle maybe. In the end we best (imo) understand the overall market mechanics & behaviours,
and then transfer that to actual trades. Easier said than done, sure, of course, else everyone is a sqillionaire. So we press on.


Maybe only Ihlas can let us know his thoughts at the time, in the meantime I'm going with this 'un lol

Quoting TimeTells
{quote}
His "big swings eventually return to their starting point' gell'd with a lot of my own thinking.
and "losing traders are trying to predict where the market is going, while winning traders are attempting to participate with what is happening", I liked also. I'll let you throw us a couple lol, once finished. I had to read it in stages lol

By the way (I promised no more charts this week lol) but those interested could have a look at yesterdays chart & look again now at todays, in relation to the liquidity attractor Horizontal Lines, especially the one on the chart at 168.180, a weekly line that does more as attraction than supporting or resisting imho.

So is it mainly repetition we see, just not exactly the same each time.
All Tradeable though, imho


This chart
(overview on a 15 min chart, looks great on a 1min chart this morning lol)
https://www.forexfactory.com/thread/...8#post14232878


Friday, and holidays in Fed world. Trade safe, trade well.
  • #4,298
  • Quote
  • Nov 24, 2022 10:43pm Nov 24, 2022 10:43pm
US30 ....daily candle
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 35 KB
  • #4,299
  • Quote
  • Nov 25, 2022 12:12am Nov 25, 2022 12:12am
@whitesta, @bluesteele, @TimeTells
One of them is correlation in a deeper meaning.
I am pretty sure this will make your awesome trades more awesome. You can use one of the them as an indicator for another one. I mostly look for longer-term, but it should also help for day trading.
  • #4,300
  • Quote
  • Nov 25, 2022 12:48am Nov 25, 2022 12:48am
Quoting Ihlas
@whitesta, @bluesteele, @TimeTells
One of them is correlation in a deeper meaning. I am pretty sure this will make your awesome trades more awesome. You can use one of the them as an indicator for another one. I mostly look for longer-term, but it should also help for day trading.

Cheers Ihlas,

Dollar Index? or much broader than that ?
Doesn't really matter to me, I just like seeing your charts
(plus I dont trade Indices lol but always happy when the mechanics look similar to currencies)

You've been posting similar charts and havent modifed your trading in over a year so I reckon you know what you're doing .
https://www.forexfactory.com/thread/...8#post13699888

all the best
3 traders viewing now